Questions
The following selected accounts appeared in the unadjusted trial balance of Hawthorne Industries: - Accounts Receivable...

  1. The following selected accounts appeared in the unadjusted trial balance of Hawthorne Industries: -

Accounts Receivable

$176,000

Prepaid Rent

    69,000

Prepaid Insurance

    36,000

Equipment

  280,000

Accumulated depreciation - equipment

    30,000

Unearned Service Revenue

    24,000

Salary Expense

  130,000

Additional data:

  1. One-half of the revenue received in advance has been earned by December 31, 2019
  2. The prepaid insurance represents three years premium on a policy providing coverage starting September 1, 2019
  3. Since the last payday, employees have earned an additional $2,500 which has not yet been paid or recorded
  4. The equipment has an estimated life of 10 years and no expected value at the end of its life
  5. Services performed but unbilled and uncollected at year end amounted to $6,500
  6. The prepaid rent relates to one-half of the year beginning on October 1, 2019

Prepare the necessary year-end adjusting entries as of December 31, 2019.

  1. The unadjusted trial balance and information regarding adjusting entries for Becky’s Carpets, Inc., is given below. Prepare the financial statements for Becky’s Carpet Inc., after making the necessary adjustments

Becky’s Carpets, Inc.,

Unadjusted Trial Balance

December 31, 2019

Accounts

Debit

Credit

25,500

Accounts receivable

15,000

Supplies

4,500

Prepaid Insurance

5,000

Equipment

89,000

Accumulated depreciation - Equipment

6,000

Accounts payable

1,800

Unearned service revenue

3,700

Common stock

93,200

Retained earnings

21,000

Service revenue

30,700

Salary expense

15,700

Advertising expense

   1,700

156,400

156,400

Adjusting entry information:

  1. Salaries earned but unpaid at the end of the year, $1,500
  2. Insurance expired, 700
  3. Depreciation expense, 800
  4. Unearned service revenue earned during the year, $1,500
  5. The inventory of supplies at year end was $3,400
  1. Galarus company had the following trial balance as of December 31, 2019

Galarus Company

Trial Balance

December 31, 2019

Accounts

Debit

Credit

10,600

Accounts receivable

13,200

Supplies

2,400

Prepaid Insurance

1,500

Equipment

38,500

Accumulated depreciation - Equipment

8,300

Accounts payable

2,500

Unearned service revenue

8,900

Common stock

15,000

Retained earnings

10,100

Service revenue

35,000

Salary expense

11,200

Advertising expense

2,400

79,800

79,800

Additional information:

  1. Supplies used during the month, $450
  2. Prepaid insurance expired during the month, $300
  3. Depreciation on equipment for the month, $550
  4. Unearned service revenue earned during the month, $2,200
  5. Accrued salary expense at the end of the month, $650

Based on the trial balance and the additional data, prepare financial statements for the year ended December 31, 2019

In: Accounting

A company is currently trading at $100 per share. After examining the stock, determined that in...

A company is currently trading at $100 per share. After examining the stock, determined that in each 3 month period, its price will either increase to 25% or decrease by 20%. The interest rare is 3% every 3 months.

a) A six month Europrean call option on this company has an exercise price of $90. What is the value of this call option?

b) What is the value of a six month European put option on this company with an exercise price of $90?

c) Verify that put-call parity holds.

d) Now suppose that the company pays a dividend equal to $25 in three months. What is the value of a six month American call option on the company with an exercise price of $90? Would an individual ever want to exercise this option early?

In: Accounting

An analysis of WTI's insurance policies shows that $3,996 of coverage has expired. An inventory count...

  1. An analysis of WTI's insurance policies shows that $3,996 of coverage has expired.
  2. An inventory count shows that teaching supplies costing $3,464 are available at year-end 2017.
  3. Annual depreciation on the equipment is $15,986.
  4. Annual depreciation on the professional library is $7,993.
  5. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,800, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018.
  6. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $5,061 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)
  7. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
  8. The balance in the Prepaid Rent account represents rent for December.
WELLS TECHNICAL INSTITUTE
Unadjusted Trial Balance
December 31, 2017
Debit Credit
Cash $ 26,340
Accounts receivable 0
Teaching supplies 10,129
Prepaid insurance 15,197
Prepaid rent 2,027
Professional library 30,391
Accumulated depreciation—Professional library $ 9,119
Equipment 70,903
Accumulated depreciation—Equipment 16,210
Accounts payable 33,612
Salaries payable 0
Unearned training fees 14,000
Common stock 14,000
Retained earnings 50,431
Dividends 40,523
Tuition fees earned 103,332
Training fees earned 38,496
Depreciation expense—Professional library 0
Depreciation expense—Equipment 0
Salaries expense 48,628
Insurance expense 0
Rent expense 22,297
Teaching supplies expense 0
Advertising expense 7,092
Utilities expense 5,673
Totals $ 279,200 $ 279,200

2-a. Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts.
2-b. Prepare an adjusted trial balance.

In: Accounting

What is caring in the nursing profession? "The unique function of the nurse is to assist...

What is caring in the nursing profession?

"The unique function of the nurse is to assist the individual, sick or well, in the performance of those     activities contributing to health or its recovery (or to peaceful death) that he would perform unaided if he had the necessary strength, will or knowledge. And to do this in such a way as to help him gain independence as rapidly as possible “This definition of nursing was given by:

Which theorist designed the 10 carrative factors?

What personal factors aided Florence Nightingale to be considered the founder of nursing?

While planning patient care, the nurse considers what needs to be done to limit any liability. Which action should the nurse take to minimize liability when providing patient care?

What is the main difference between nurses’ obtaining a diploma, an associate or a bachelor degree from an accredited nursing program where nurses are eligible to take the NCLEX exam?

Women who cared for others, but who had no formal education, often called themselves “practical nurses”

What are the basic concepts of nursing?

What is the importance of defining a nurse?

Which theorists focused on culturally competent nursing?

What are the four diverse types of health care service promoted by Healthy People 2020

"Nursing is therapeutic interpersonal process". This definition was stated by:

Which of the following statements is related to Florence Nightingale?

Transcultural Model of Nursing was proposed by:

Watson's carative factors include all the following, EXCEPT:

Notes on Nursing: What it is, what it is not was written by:

The Great Depression and World War II created new opportunities for nurses, and The Cadet Nurse Corps was formed to respond to the need.

Which nursing organization issued the Code of Ethics for Nursing?

Which major American corporation partnered with nursing to design a media campaign to promote the image of nursing?

What is not part of Jade Ward Staff Vision and Shared Purpose?

An occupation that requires extensive education or a calling that requires special knowledge, skill, and preparation

The nursing profession is responsible for improving its own image. The most effective avenue for changing the image of nursing is:

Which of the following best indicates the status of evidence-based practice (EBP) in health care today?

The nurse is concerned about a patient’s ability to make decisions about a proposed treatment plan. Which patient characteristic is causing the nurse to have this concern?

The nurse is concerned that a nursing assistant is violating a patient’s rights. What action did the nursing assistant make to cause the nurse to come to this conclusion?

What are the phases of the nursing process?

Accountability means being responsible for:

A nursing department in an acute care setting decides to redesign its nursing practice based on a theoretical framework. The feedback from patients, families, and staff reflects that caring is a key element. Which theorist best supports this concept?

In order to incorporate interprofessional collaboration into health care settings, we should obtain which specific components:

The four major concepts in nursing theory are:

The unique function of the nurse is to assist the individual, sick or well, in the         performance of those activities contributing to health that he would perform unaided if he has the necessary strength, will and knowledge, and do this in such a way as to help him gain independence as rapidly as possible. True or false

Who developed the first theory of nursing?  

The nurse questions a doctors order of Morphine sulfate 50 mg, IM for a client with pancreatitis. Which role best fit that statement?

What are the characteristic of being a Professional Nurse?

Define altruism?

List the Criteria for Successful Communication?

SBAR - Situation Background Assessment Recommendation originally created for who?

What are the three phases on nurse patient relationships?

What are the four task of orientation?

Who originated the term therapeutic communication (1952)?

Define “Nursing”

What are the Factors Influencing Socialization?

Benner’s Stages of Nursing Proficiency are?

Who said Gradual transition from inexpert beginners to highly expert practitioners stage?

Who described a system as a set of interrelated parts that come together to form a whole that performs a function?

What is the highest Maslow Human Needs Theory?

Theories Nursing focus on the relationship among these Four Major Concepts: name them.

WHO defines Health as?

Define Rosenstock’s health beliefs model:

50. Philosophy is defined as:

In: Nursing

A study of North York University students showed the mean age of all students in the...

A study of North York University students showed the mean age of all students in the first year of university to be 19.6 years old with a standard deviation of 1.06 years. A randomly selected subgroup of these first-year students also averaged 19.4 years in age with a standard deviation 1.05 years.

a) Are the numbers 19.6 and 1.06 statistics or parameters? Explain.

  • The numbers are parameters because they were calculated for all North York University's first-year students.
  • The numbers are parameters because the numbers were calculated for a sample of North York University students and are therefore estimates.
  • The numbers are statistics because the numbers were calculated for all North York University's first-year students.
  • The numbers are statistics because the numbers were calculated for a sample of North York University students and are therefore estimates.

b) Are the numbers 19.4 and 1.05 statistics or parameters? Explain.

  • The numbers are statistics because the numbers were calculated for all North York University's first-year students.
  • The numbers are parameters because they were calculated for a sample of North York University students and are therefore estimates.
  • The numbers are parameters because they were calculated for all North York University's first-year students.
  • The numbers are statistics because the numbers were calculated for a sample of North York University students and are therefore estimates.

c) Select any correct pair of labels and values below:

  • μ=19.4μ=19.4 and s=1.05s=1.05
  • μ=19.4μ=19.4 and σ=1.06σ=1.06
  • ¯x=19.4x¯=19.4 and σ=1.06σ=1.06
  • ¯x=19.6x¯=19.6 and s=1.06s=1.06
  • ¯x=19.6x¯=19.6 and σ=1.06σ=1.06
  • ¯x=19.4x¯=19.4 and s=1.06s=1.06
  • μ=19.6μ=19.6 and s=1.05s=1.05
  • μ=19.6μ=19.6 and σ=1.05

In: Statistics and Probability

This is a public health question. How is community health programming moving away from just focusing...

This is a public health question. How is community health programming moving away from just focusing on individual health behavior, and moving toward focusing on the behaviors of groups, communities, and populations? Give at least one specific example.

In: Nursing

Explore an ethical dilemma from the documentary the waiting room 2012. Describe one ethical dilemma. What...

Explore an ethical dilemma from the documentary the waiting room 2012. Describe one ethical dilemma. What individual s and groups have an important stake in the outcome and discuss three options that could be used for resolution of the dilemma.

In: Nursing

45 numbers are rounded off to the nearest integer and then summed. If the individual round-off...

45 numbers are rounded off to the nearest integer and then summed. If the individual round-off error are uniformly distributed over (−.5,.5) what is the probability that the resultant sum differs from the exact sum by more than 2?

In: Statistics and Probability

What are the key factors that prohibit an organization from obtaining return on their IT investment?...

What are the key factors that prohibit an organization from obtaining return on their IT investment? Try to use specific examples of organizational, individual and technological factors that IT systems have not been utilized to their full potentials in terms of organizational outcome impacts.

In: Finance

African Americans, Hispanics, American Indians and people from India, Bangladesh, Sri Lanka and Pakistan have a...

African Americans, Hispanics, American Indians and people from India, Bangladesh, Sri Lanka and Pakistan have a higher risk of Chronic Kidney Disease. Why is this? What are the effects of Chronic Kidney Disease on the quality of life of an individual?

In: Anatomy and Physiology