Questions
Calculate the pH for each of the following cases in the titration of 50.0 mL of...

Calculate the pH for each of the following cases in the titration of 50.0 mL of 0.160 M HClO(aq) with 0.160 M KOH(aq). The ionization constant for HClO can be found here....4.0*10-8

before addition of KOH?

After addition of 25.0 mL KOH?   Addition of 30.0 mL KOH?    50.0 mL KOH?    60.0 mL KOH?

In: Chemistry

Locate the Consumer Price Index – August 2020 publication   Helpful Tip: You can find the answers...

Locate the Consumer Price Index – August 2020 publication

  Helpful Tip: You can find the answers to the questions below in the first two pages of the publication.

  • What happened to the CPI inflation rate in March, April, and May 2020? Why do you think this happened?

  • What happened to the core rate of inflation in March, April, and May 2020? Why do you think this happened?

In: Economics

Brooke, a single taxpayer, works for Company A for all of 2020, earning a salary of...

Brooke, a single taxpayer, works for Company A for all of 2020, earning a salary of $50,000.

b. Assume Brooke works for Company A for half of 2020, earning $50,000 in salary, and she works for Company B for the second half of 2020, earning $90,000 in salary. What is Brooke’s FICA tax obligation for the year? (Round your intermediate calculations to the nearest whole dollar amount.)


FICA Tax Obligation ______________________

In: Accounting

Brooke, a single taxpayer, works for Company A for all of 2020, earning a salary of...

Brooke, a single taxpayer, works for Company A for all of 2020, earning a salary of $50,000.

b. Assume Brooke works for Company A for half of 2020, earning $50,000 in salary, and she works for Company B for the second half of 2020, earning $90,000 in salary. What is Brooke’s FICA tax obligation for the year? (Round your intermediate calculations to the nearest whole dollar amount.)


FICA Tax Obligation ______________________

In: Accounting

Dutch Bakers has a $100,000 deferred tax liability that will create taxable income in 2020. Dutch...

Dutch Bakers has a $100,000 deferred tax liability that will create taxable income in 2020. Dutch established the deferred tax liability in 2017 when the tax rate was 40%, and in 2018 the tax rate enacted for 2020 was increased to 50%.
Part 2: In 2018, the year the tax rate change for 2020 is enacted, the effect of the change on tax expense will be a:

  1. Debit of $50,000

  2. Debit of $40,000

  3. Debitof25,000

  4. $0

In: Accounting

Tai Corp discontinued their tea division in 2020. The division made an operational loss of $2...


Tai Corp discontinued their tea division in 2020. The division made an operational loss of $2 million in 2020, and their assets were sold at a net loss of $1 million. The firm incurred a $500,000 cost on severance pay and retraining their employees for different functions. Tai Corp included the $500,000 cost on their 2020 income statement as part of their operational expenses. Are they acting in accordance of US GAAP? Why or why not?

In: Accounting

Domino Inc. has the following plant, property, and equipment assets on its balance sheet for 2021...

Domino Inc. has the following plant, property, and equipment assets on its balance sheet for 2021 and 2020:

($ thousands)

2021

2020

Land

$ 4,200

$ 4,000

Buildings

10,400

9,800

Machinery and equipment

6,500

6,800

21,100

20,600

Less Accumulated depreciation

1,200

1,000

Total

$ 19,900

$ 19,600

Determine what percent of the company’s depreciable assets are depreciated at the end of 2020 and 2021.

In: Accounting

On October 1, 2020, Philly Company purchased inventory from a German supplier for 80,000 Euros due...

  • On October 1, 2020, Philly Company purchased inventory from a German supplier for 80,000 Euros due on January 31, 2021.
  • Simultaneously, Philly entered into a forward contract for 80,000 Euros for delivery on January 31, 2020.
  • Payment was made to the foreign supplier on 1/31/2021.
  • Spot rates on October 1, December 31, and January 31, were $1.62, $1.51, and $1.45, respectively.
  • Forward rates on October 1 and December 31 were $1.33 and $1.39 respectively.

Required: Prepare all journal entries related to the above transactions on October 1, 2020, December 31, 2020, and January 31, 2021.

In: Accounting

(a) Explain when a revaluation decrement should be shown as a negative item in ‘Other Comprehensive...

(a)
Explain when a revaluation decrement should be shown as a negative item in ‘Other Comprehensive Income’, rather than being debited to the profit or loss?

(b)
ChopChop Pty. Limited purchased a block of land in Melton, VIC, on 1 December 2019. The land was purchased for $500,000 in cash. Since then, the value of the land has increased due to rapid development in public transport in the area. On the 30th of March 2020, the land had market value of $750,000. On the 4th of April 2020, the land was sold for $825,000. ChopChop is NOT registered for GST.
Required:
Prepare journal entries for:
(1) 30 March 2020
(2) 4 April 2020

In: Accounting

Rupert Ltd is preparing a Cash Flow Statement for the year ended 30 June 2020. The...

Rupert Ltd is preparing a Cash Flow Statement for the year ended 30 June 2020. The following information is available:

2020

2019

Cash at Bank

788

556

Accounts Receivable

775

610

Inventory

834

867

Accounts Payable

521

501

Salaries Payable

90

360

The Income Statement contained the following data as at 30 June:

2020

Credit sales

6,583

Cost of sales

3,400

Wages expense

1,070

Other expenses

1,920

Required:

Using the direct method, prepare the Operating Activities section of the Cash Flow Statement for the year ended 30 June 2020. Show workings.

In: Accounting