Mike Right is the owner and operator of Right’ s Merchandizing Company and the company has presented the following unadjusted trial balance at the end of their financial year ending December 31, 2016.
Right’s Merchandizing Company
Trial Balance as at December 31, 2016
|
A/C Name |
DR $ |
CR $ |
|
Cash |
1,500,000 |
|
|
Accounts Receivable |
4,580,000 |
|
|
Interest Receivable |
||
|
Merchandise Inventory |
5,400,054 |
|
|
Prepaid Insurance |
1,200,000 |
|
|
Furniture and Equipment |
6,000,000 |
|
|
Accumulated Depreciation –Furniture/Equipment |
1,770,000 |
|
|
Accounts Payable |
1,450,000 |
|
|
Sales Commission Payable |
||
|
Salaries Payable |
||
|
Unearned Sales Revenue |
6,400,054 |
|
|
Mike Right, Capital |
8,000,000 |
|
|
Mike Right, Withdrawal |
1,000,000 |
|
|
Sales Revenue Earned |
21,668,000 |
|
|
Interest Revenue |
||
|
Sales Discount |
115,000 |
|
|
Sales Returns and Allowances |
248,000 |
|
|
Cost of Goods Sold |
9,210,000 |
|
|
Travelling Expense |
225,000 |
|
|
Sales Commission Expense |
2,150,000 |
|
|
Salaries Expense |
4,500,000 |
|
|
Rent Expense |
1,800,000 |
|
|
Utilities Expense |
849,000 |
|
|
Depreciation Expense-Furniture/Equipment |
||
|
Insurance Expense |
||
|
Advertising Expense |
345,000 |
|
|
General Expense |
166,000 |
__________ |
|
Total |
39,288,054 |
39,288,054 |
The following additional information was made available at December 31, 2016
Interest revenue earned at December 31, 2016 but not yet recorded $250,000.
Insurance prepaid includes an expired amount of $1,000,000 relating to the period January to December 31, 2016.
Furniture and Equipment has an estimated life of ten (10) years and is being depreciated on the straight-line method of depreciation, down to a residual value of $100,000.
Unearned sales revenue still unearned as at December 31, 2016 amounts to $2,400,054.
Salaries expense owing as December 31, 2016 amounts to $450,000
Accrued sales commission expense as at December 31, 2016 amounts to $450,000.
Inventory on hand was $5,500,000 as at December 31, 2016.
Required:
Prepare the necessary adjusting journal entries on December 31, 2016
Prepare Right’s Merchandizing Company multiple-step income statement for the year ended December 31, 2016.
Prepare the company’s statement of owner’s equity for the year ended December 31, 2016
Prepare the company’s classified balance sheet at December 31, 2016
In: Accounting
a) List and explain the enhancing qualitative characteristics of
financial information under the conceptual framework. b)
Outline the significance of the following accounting concepts in
the preparation of financial statements. i) Accrual concept (1
mark) ii) Going concern concept (1 mark)
c) ABC Ltd started business on 1/12/15, and its financial year ends
on 30th November each year. The following information was extracted
from the asset register. GHS • 2015 December 1, bought one
equipment costing 97,500 • 2016 May 31, bought one equipment
costing 585,000 • 2016 September 1, bought two equipment costing
780,000 each • 2018 March1, bought one equipment costing 390,000 •
2018 May 2, sold the equipment purchased in May 2016 for 182,340 •
2019 February 1, bought three equipment costing 585,000 each
The company’s policy is to depreciate assets at a rate of 20% per
annum on a reducing balance basis proportionate to the date of
purchase and disposal. All figures must be rounded to nearest whole
number.
Required:
Prepare the following accounts:
i) The assets accounts (2016-2019) ii) Provision for
depreciation account (2016-2019) iii) Disposal account
for 2018 iv) Statement of profit or loss extract for each
year from 2018 and 2019 (1 mark) v) Statement of financial position
extract for each year from 201 to 2019 (Total 20
marks
In: Accounting
Wember Company acquired a subsidiary company on December 31, 2012, and recorded the cost of the intangible assets it acquired as follows:
| Patent | $100,000 |
| Trade name | 80,000 |
| Goodwill | 150,000 |
The patent is being amortized by the straight-line method over an expected life of 10 years with no residual value. Amortization has been recorded for the current year. The trade name was considered to have an indefinite life.
Because of the success of the subsidiary in the past, Wember has not previously considered any of the intangible assets to be impaired. However, in 2016, because of a current recession and technological changes in the subsidiary’s industry, Wember decides to review all of its intangible assets for impairment and record any adjustments at December 31, 2016.
Wember estimates that the fair value of the patent is $42,000. The company estimates the fair value of the trade name to be $90,000 but decides that it now has a limited life of 5 years. The subsidiary company, which qualifies as a reporting unit, has a book value of $700,000, including the goodwill of $150,000. Wember estimates that the fair value of the subsidiary company is $400,000, of which it allocates 80% to the identifiable assets and liabilities.
Required:
| 1. | Prepare journal entries for Wember to record the impairment of its intangible assets at December 31, 2016. |
| 2. | Prepare journal entries for Wember to record the amortization expense for its intangibles at December 31, 2017. |
|
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In: Accounting
lamda1 = 3.7 uC/cm
pic for#1
1) A cylinder of radius a = 6.4 cm and height h = 11.9 cm is aligned with its axis along the y-axis as shown. What is the total flux ? that passes through the cylindrical surface? Enter a positive number if the net flux leaves the cylinder and a negative number if the net flux enters the cylnder.
pic for #2
2)Another infinite line of charge with charge density ?2 = -11.1 ?C/cm parallel to the y-axis is now added at x = 3.05 cm as shown.
What is the new value for Ex(P), the x-component of the electric field at point P?
3)What is the total flux ? that now passes through the cylindrical surface? Enter a positive number if the net flux leaves the cylinder and a negative number if the net flux enters the cylnder.
pic for #4
4)The initial infinite line of charge is now moved so that it is parallel to the y-axis at x = -3.05cm.
What is the new value for Ex(P), the x-component of the electric field at point P?
5)What is the total flux ? that now passes through the cylindrical surface? Enter a positive number if the net flux leaves the cylinder and a negative number if the net flux enters the cylnder.
In: Physics
1. Diluc is a 21-year-old man that is a student at UC Davis who rushes to the Student Health Center in the morning after a restless night of itching. When he is admitted and reports his symptoms to the physician, he explains that he has had intense localized itching on his arms for the past 24 hours and is unsure of the cause. The physician asks Diluc questions about his activities in the last 24 hours, and the physician takes note of the fact that Diluc engaged in unprotected sexual activities the day before. When examining the area that Diluc has been scratching, the physician notices some elevated serpentine lines. Diluc has repeatedly told the physician that the intense scratching occurred spontaneously and he has no history of eczema or other rash like infections.
2. Julie brings her five-year old daughter. When the nurse asked what brings them in, Julie replied saying her daughter's been having chills and fever for the past week. The doctor asked if she had any other signs/symptoms, Julie let them know her daughter had some unusual joint pains, fatigue, and vomiting. Julie also mentioned they had travelled to abroad 2-3 weeks ago during the kids summer break. Julie, her husband, and daughter went to Mexico for a week, but no one else in the family has any symptoms. They didn't get any shots before traveling out of the country or neither did they take any medicine with them when they went as well.
Instruction:
In: Nursing
At UC San Diego, incoming students are each randomly assigned to
join one of the six colleges: Revelle, Muir, Marshall, Warren,
Roosevelt, and Sixth. Suppose there are 24 incoming students,
including Winona, Xanthippe, and Zelda. It cannot be assumed that
all colleges will be assigned four students; since each student’s
assignment is random, some colleges may be assigned more students
than others.
Please leave your answers as unsimplified expressions with
factorials, exponents, permutations, combinations, etc.
a) All 24 incoming students get called up one at a time to be
assigned to a college. How many possible orders of all 24 students
have Winona as the first student called?
b) How many possible orders of all 24 students have Zelda,
Xanthippe, and Winona (in any order) as the first three students
called up to wear the sorting hat?
c) How many ways are there to assign all 24 students to colleges
such that Zelda, Xanthippe, and Winona all get assigned to Muir?
Here, and in what follows, the order in which the students are
assigned does not matter.
d) How many ways are there to assign all 24 students to colleges
such that Zelda, Xanthippe, and Winona all get assigned to the same
college?
e) How many ways are there to assign all 24 students to colleges
such that Zelda, Xanthippe, and Winona are assigned to different
colleges?
f) How many ways are there to assign all 24 students to colleges
such that exactly 4 students get assigned to Warren?
g) How many ways are there to assign all 24 students to colleges if
each of the six colleges has room for only four incoming
students?
h) How many ways are there to assign all 24 students to colleges if
nobody is assigned to the same colleges as the person called up
just before them?
i) What is the probability that Winona, Xanthippe, and Zelda are
all assigned to Muir?
j) Suppose again that the students are called up one at a time. In
how many possible orders of all 24
students does Zelda get called up some time before Xanthippe?
Simplify your answer as much as possible, but let factorials remain
unsimplified.
In: Statistics and Probability
does this java script code seam incorrect to anyone of you ?
var inch=document.getElementById("i");
var cm=document.getElementById("c");
function convert() {
cm.value=(inch*2.54);
}
here is the html code also
<!DOCTYPE html>
<html lang="en">
<head>
<meta charset="utf-8">
<meta name="viewport" content="width=device-width,
initial-scale=1, shrink-to-fit=no">
<meta name="description" content="">
<meta name="author" content="">
<title>Length Converter</title>
<!-- Bootstrap core CSS -->
<link href="vendor/bootstrap/css/bootstrap.min.css"
rel="stylesheet">
<script src="length.js"></script>
<!-- Custom styles for this template -->
<link href="css/the-big-picture.css" rel="stylesheet">
</head>
<body>
<!-- Navigation -->
<nav class="navbar navbar-expand-lg navbar-dark bg-dark
fixed-bottom">
<div class="container">
<a class="navbar-brand" href="#">Home</a>
<button class="navbar-toggler" type="button"
data-toggle="collapse" data-target="#navbarResponsive"
aria-controls="navbarResponsive" aria-expanded="false"
aria-label="Toggle navigation">
<span class="navbar-toggler-icon"></span>
</button>
</div>
</nav>
<h1>Length Converter</h1>
<p><input type="number" id="i" placeholder="Enter Inches"
name="inch"/> In.</p>
<p> <input type="number" id="c" placeholder="Enter
Centimeters" name="cm" disabled > Cm.</p>
<input type="submit" onclick= "convert()"
value="Convert"/>
<!-- Page Content -->
<!-- Bootstrap core JavaScript -->
<script
src="vendor/jquery/jquery.min.js"></script>
<script
src="vendor/bootstrap/js/bootstrap.bundle.min.js"></script>
</body>
</html>
i cant convert to the right amount of cm if i putt in 99 inches i get 39 centimeters which is incorrect
In: Computer Science
Problem statement:
You are tasked with writing a simple program that will keep track of items sold by a retail store. We need to keep track of the stock (or number of specific products available for sale).
Requirements:
The Food and Book items should inherit all the properties of the Product item in the previous assignment.
Foods cannot be added to the inventory without an expiration date.
Implement a toString method for Product, Food, and Book.
Grading details:
Correct usage of OOP concepts (80%)
Correct class design and usage of class instances (25%)
Correct implementation and usage of inheritance(25%)
Other supporting code/logic (30%)
Program runs/correct results (10%)
Formatting/Indentation (10%)
Starter code:
public class RetailInventory {
public static void main(String[] args) {
Product computer = new Product("Computer", 1400);
Product iPhone = new Product("iPhone XR", 400, 600);
Product Galaxy10 = new Product("Samsung Galaxy S10", 700, 900, "Phone with 128GB memory.");
Product book = new Book("Starting out with C++", 150.00);
Product apple = new Food("Fuji Apples", 3.50, "Dec. 1, 2019");
Product[] inventory = {computer, iPhone, Galaxy10, book, apple};
System.out.println("Viewing Store Products:");
for (Product item: inventory) {
System.out.println(item);
}
}
}
Sample output:
Viewing Store Products:
name: Computer, description: No description entered.,
wholesalePrice: $1400.00, retailPrice: $1540.00
name: iPhone XR, description: No description entered.,
wholesalePrice: $400.00, retailPrice: $440.00
name: Samsung Galaxy S10, description: Phone with 128GB memory.,
wholesalePrice: $700.00, retailPrice: $770.00
name: Starting out with C++, description: No description entered.,
wholesalePrice: $150.00, retailPrice: $165.00, author:
Author_Placeholder
name: Fuji Apples, description: No description entered.,
wholesalePrice: $3.50, retailPrice: $3.85, expiration: Dec. 1,
2019
In: Computer Science
For these problems, carry at least four digits after the decimal
in your calculations. Answers may vary slightly due to
rounding.
Santa Fe black-on-white is a type of pottery commonly found at
archaeological excavations at a certain monument. At one excavation
site a sample of 608 potsherds was found, of which 354 were
identified as Santa Fe black-on-white.
(a) Let p represent the proportion of Santa Fe black-on-white potsherds at the excavation site. Find a point estimate for p. (Round your answer to four decimal places.)
.5822
(b) Find a 95% confidence interval for p. (Round your answers to three decimal places.)
lower limit:
upper limit:
A random sample of 5913 physicians in Colorado showed that 3008 provided at least some charity care (i.e., treated poor people at no cost).
(a) Let p represent the proportion of all Colorado physicians who provide some charity care. Find a point estimate for p. (Round your answer to four decimal places.)
.5087
(b) Find a 99% confidence interval for p. (Round your answers to three decimal places.)
lower limit:
upper limit:
Case studies showed that out of 10,307 convicts who escaped from certain prisons, only 7770 were recaptured.
(a) Let p represent the proportion of all escaped convicts who will eventually be recaptured. Find a point estimate for p. (Round your answer to four decimal places.)
.7539
(b) Find a 99% confidence interval for p. (Round your answers to three decimal places.)
lower limit:
upper limit:
In: Statistics and Probability
Pass or Fail (C++)
Given a vector, where each element in the vector is a [name, grade] pair sort range by name, partition range into pass and fail, preserving alphabetical order within partition. The grades are the number of points earned (600 points earns a passing grade).
std::vector<std::pair<std::string, int>> v {
{"josh", 851},
{"mark", 600},
{"charles", 412},
{"sebnem", 1000},
{"abdol", 905},
{"imen", 300}
};
--------EXPECTED
OUTPUT-------------------------------------------------
std::vector<std::pair<std::string, int>> w {
{"abdol", 905},
{"josh", 851},
{"mark", 600},
{"sebnem", 1000}, // Everyone after this point failed
{"charles", 412},
{"imen", 300}
};
Note: NO LOOPS ALLOWED
Thanks!
In: Computer Science