Record the following transactions in the journal of Capital
Project Fund and
Governmental Activities. (You must prepare the journal form
using Excel)
1. A capital projects fund issued $10,000,000, 5 percent bonds for
$10,100,000 to finance the
construction of a little league baseball park. Premiums received
are to be used to service the
debt issue.
2. The Parks and Recreation Special Revenue Fund transferred
$300,000 for use in construction.
3. A construction contract was awarded in the amount of
$10,200,000.
4. A bill was received from the contractor for $5,100,000
.
5. The contractor bill is paid, and 6% retain is withheld.
6. The park renovations were completed and the final bill of
$5,100,000 was received. The
contractor bill and retained are approved for payment in full.
Total construction expenditures
were allocated as follows: $960,000,000 to building, and the
remainder to equipment.
7. The capital projects fund temporary accounts were closed, and
the capital projects fund was
closed by transferring remaining funds to the debt service fund for
use in debt repayment.
In: Accounting
After the acknowledgement of the Coronavirus pandemic and the stay-at-home orders, people began to buy food and other supplies in large amounts, and hoarded them. To this day paper products and hand sanitizers are still not easily available. However, the initial hoarding seems to have stopped for most products. Another even of interest is that in recent weeks due to high infection rates among the workers of meat packing companies, some have closed their doors temporarily, and pig farmers cannot get their products to the markets. Also, most restaurants have closed or are only operating at a fraction of their capacity, reducing their demand for food products. In the last few weeks, prices of groceries have risen sharply. Explain why the price of groceries have risen, given the circumstances listed above. Use a demand and supply model to explain your answer. Clearly describe how demand or supply curves would shift to the left or right with your reasoning for the shifts, and what would be the effect on price and quantity of groceries being produced with each shift.
In: Economics
Mean of stock price = 1117.64
STDEV (Population) = 67.61
If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed within $50 of the mean for that year (round to two places)? (Hint: this means the probability of being between 50 below and 50 above the mean).
If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at less than $1050 per share (round to two places)? Would this be considered unusual? Use the definition that an unusual value is more than 2 standard deviations above or below the mean.
At what prices would Google have to close in order for it to be considered statistically unusual or statistically significant outliers? You will have a low and high value. There are several possible definitions for unusual in statistics, but for our project let's use the definition that an unusual value is more than 2 standard deviations above or below the mean.
In: Statistics and Probability
Primare Corporation has provided the following data concerning last month’s manufacturing operations.
| Purchases of raw materials | $ | 30,000 |
| Indirect materials included in manufacturing overhead | $ | 4,750 |
| Direct labor | $ | 58,200 |
| Manufacturing overhead applied to work in process | $ | 88,600 |
| Underapplied overhead | $ | 4,180 |
| Inventories | Beginning | Ending | ||
| Raw materials | $ | 10,900 | $ | 19,600 |
| Work in process | $ | 55,400 | $ | 69,400 |
| Finished goods | $ | 34,200 | $ | 43,900 |
Required:
1. Prepare a schedule of cost of goods manufactured for the month.
Prepare a schedule of cost of goods manufactured for the month.
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2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
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In: Accounting
Primare Corporation has provided the following data concerning last month’s manufacturing operations.
| Purchases of raw materials | $ | 32,000 |
| Indirect materials included in manufacturing overhead | $ | 4,530 |
| Direct labor | $ | 59,300 |
| Manufacturing overhead applied to work in process | $ | 87,600 |
| Underapplied overhead | $ | 4,060 |
| Inventories | Beginning | Ending | ||
| Raw materials | $ | 11,400 | $ | 19,300 |
| Work in process | $ | 54,400 | $ | 66,300 |
| Finished goods | $ | 33,800 | $ | 43,300 |
Required:
1. Prepare a schedule of cost of goods manufactured for the month.
2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
Prepare a schedule of cost of goods manufactured for the month.
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Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
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In: Accounting
You have a super-nature talent in stock prediction. You want to prove your talent to the entire world. You have predicted the next 10 days’ stock values. Each day after the market is closed, you plan to reveal that day’s prediction, so others can verify whether your prediction is correct or not. Obviously, you need to convince others that you know that day’s stock value beforehand. You don’t want to reveal your prediction before the market is closed, because you don’t want others to benefit from your predictions. At the beginning, you can publish some numbers in a popular newspaper, but you can only afford to publish 64 characters (the size of one hash value) in the newspaper. You reveal your prediction everyday and at the end of 10 days people can authenticate the 10 predications you have revealed over the last 10 days. Given these restrictions, describe the way you will design a system to prove your predictions.
In: Computer Science
Cynthia takes a prescription sleeping pill, NapALot, on Friday night. She wakes Saturday afternoon to find a new Mercedes in her driveway. According to the paperwork on her kitchen counter, earlier that morning, Cynthia emptied her savings account to buy the Mercedes. Cynthia, however, has no memory of doing any of that. She experienced a rare side effect of NapALot. Some users experience sleepwalking spells in which they appear wide awake, and do all manner of complex tasks without remembering. \
Cynthia promptly takes the paperwork and drives the Mercedes to the dealership to return the car. The dealership is closed by the time she arrives. The dealership also is closed on Sunday. her job is a few blocks from the dealership. Cynthia will have time on monday to return the car when the dealership is open.
However, Cynthia does not take the time to get to the dealership until the Firday after the purchase. the dealership refuses to accept the car and return her money. Cynthias sues for rescission. Who do you think will prevail? Why?
In: Operations Management
The Coronation painting of Napoleon by Jacques-Louis David
How would you describe the artist’s use of line in this work? Is it clear and realistic? Is it vague, blurry and imaginative? How does the use of line accomplish the artist’s intentions for the work or add to creative expression evident on the canvas?
Is the “form” of this work open, closed, open with contracting properties or closed with expanding properties?
Regarding “space,” what specific techniques does the artist use in this painting to cause your eyes to perceive depth? Name the technique and state where you think it occurs. Is it linear perspective, aerial perspective, use of shading and blur, foreshortening or use of proportion and scale among the subjects and setting?
When describing the “textures” in painting, we describe how the artist’s technique makes your eyes perceive the surface textures of the subjects and other objects in the setting. How might some of the textures in this work feel to the touch? State the subject or setting object and describe the texture represented or implied by the artist.
In: Psychology
An open empty tank (filled with atmospheric air at 27oC and 100 kPa) is filled with liquid nitrogen as much as 14 kg quickly. After that, the tank is immediately closed and allowed to stand for a certain period of time. The tank is equipped with an open pipe manometer where the manometer fluid used is mercury (s.g. = 13.55). In the condition of the closed tank, the results of reading the manometer when it is constant shows that the difference in mercury surface height is 38 cm. If it is assumed: 1. This system runs isothermal. 2. Nitrogen gas and air follow the ideal gas principle. 3. During the tank closing process, no nitrogen gas is lost. 4. Because liquid nitrogen intake and tank closure are fast, the volume of liquid nitrogen can be neglected meaning that at t = 0, the tank is considered to only contain air.
Therefore, a. Determine the tank volume used! b. Determine the number of moles of air in the tank! c. Determine the specific gravity value of the gas mixture!
In: Other
QUESTION 1
Which of the following is a positive entry into Australia's financial account?
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An Australian firm sells coal to a German firm. |
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An Australian investor buys a Japanese bond. |
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An Australian firm buys and builds a factory in Indonesia. |
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A Chinese investor buys an Australian government bond. |
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An Australian firm buys a German corporate bond. |
1 points
QUESTION 2
Suppose that Australia's price level is 125, the British price level is 100, and the nominal exchange rate of pounds to the dollar is £0.60/A$1, then the real exchange rate of pounds to the dollar is:
|
0.60. |
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0.75. |
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0.33. |
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0.48. |
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0.80 |
1 points
QUESTION 3
According to the saving and investment equation, if net foreign investment falls by $35 million:
|
national savings minus domestic investment (i.e. S – I) will fall by $35 million. |
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domestic investment will fall by $35 million. |
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national savings will rise by $35 million. |
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consumption will fall by $35 million. |
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national savings minus domestic investment (i.e. S – I) will rise by $35 million. |
1 points
QUESTION 4
A current account surplus implies:
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Domestic savings < domestic investment |
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Domestic savings > domestic investment |
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Negative net foreign investment. |
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Imports > exports |
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A financial account surplus. |
1 points
QUESTION 5
In an open economy, monetary policy, in the short run, has:
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an impact on aggregate demand as well as aggregate supply. |
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no impact on aggregated demand. |
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the same impact on aggregate demand as compared to a closed economy. |
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a smaller impact on aggregate demand as compared to a closed economy. |
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a larger impact on aggregate demand as compared to a closed economy. |
In: Economics