Questions
Following is the adjusted trial balance for the General Fund of the Township of Florida on...

Following is the adjusted trial balance for the General Fund of the Township of Florida on June 30, 2016, the end of the fiscal year.

Based on this information, prepare:

            1.   closing entries

            2.   the statement of revenues, expenditures, and changes in fund balance for the year

            2.   the balance sheet at June 30, 2016. (Classify the fund balance as Unassigned.)

Township of Florida

General Fund

Adjusted Trial Balance

June 30, 2016

Cash

$      6,200

Taxes receivable

40,000

Investments

65,000

Vouchers payable

38,750

Tax anticipation notes payable

12,750

Unassigned fund balance

57,000

Estimated revenues

101,000

Appropriations

99,000

Budgetary fund balance

2,000

Revenues-taxes

100,000

Revenues-other

2,080

Expenditures-personal services                                 

94,700

Expenditures-supplies

4,680  

        0

  

$ 311,580

$ 311,580

please clarify what is credit and what is debit

In: Accounting

Below is note to the financial statements number 15 extracted from the 2016 annual report for...

Below is note to the financial statements number 15 extracted from the 2016 annual report for BOC Kenya Limited.

Required:

(a) What is meant by (i) amortization, (ii) accumulated amortization?

(b) What are intangible assets?

(c) Where are intangible assets listed on the balance sheet?

Cost

At beginning of year

Reallocation to property plant and equipment (Note 14)

Additions

Translation differences

Group

Company

2016              2015

2016             2015

16,299        22,544

16,061       22,544

      -                (6,220)

-                       (6,483)

      561                -

      561                 -

              (25)

                 -

At end of year

16,860          16,299

16,622       16,061

Accumulated amortisation

At beginning of year

Reallocation to property, plant & equipment (Note 14)

Charge for the year

At end of year

(15,629)     (18,982)

(15,537   (18,982)

      -                4,644

-                    4,566

       (534)        (1,291)

     (454)   (1,211)

(16,163)       (15,629)

15,991     (15,537)

Net carrying amount at 31 December

       697              670  

      631            524

In: Accounting

Times-Interest-Earned Ration Calculated the times-interest-earned ratio for Smith & Sons Inc for 2015 and 2016 and...

Times-Interest-Earned Ration
Calculated the times-interest-earned ratio for Smith & Sons Inc for 2015 and 2016 and comment on the company’s ability to pay its current interest payments. Did the company’s ability to pay its current interest changes improve?
Time interest earned ration = Income before interest expense and income taxes/Interest expense
Smith & Sons, Inc
Balance Sheet
Decemober 31, 2016 and 2015
(In millions) 2016 2015
Net sales          10,000            9,500
Cost of goods sold          (5,500)          (5,200)
Gross profit            4,500            4,300
Selling and administrative expenses          (2,800)          (2,700)
Income from operations            1,700            1,600
Interest expense              (300)             (250)
Income before income taxes            1,400            1,350
Income tax expenses              (420)             (400)
Net Income                980                950

In: Accounting

At year-end 2016, Wallace Landscaping’s total assets were $1.6 million, and its accounts payable were $390,000....

At year-end 2016, Wallace Landscaping’s total assets were $1.6 million, and its accounts payable were $390,000. Sales, which in 2016 were $2.8 million, are expected to increase by 20% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typically uses no current liabilities other than accounts payable. Common stock amounted to $490,000 in 2016, and retained earnings were $215,000. Wallace has arranged to sell $120,000 of new common stock in 2017 to meet some of its financing needs. The remainder of its financing needs will be met by issuing new long-term debt at the end of 2017. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Its net profit margin on sales is 6%, and 55% of earnings will be paid out as dividends.

In: Finance

imon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800...

imon Company’s year-end balance sheets follow.

At December 31 2017 2016 2015
Assets
Cash $ 31,800 $ 35,625 $ 37,800
Accounts receivable, net 89,500 62,500 50,200
Merchandise inventory 112,500 82,500 54,000
Prepaid expenses 10,700 9,375 5,000
Plant assets, net 278,500 255,000 230,500
Total assets $ 523,000 $ 445,000 $ 377,500
Liabilities and Equity
Accounts payable $ 129,900 $ 75,250 $ 51,250
Long-term notes payable secured by
mortgages on plant assets
98,500 101,500 83,500
Common stock, $10 par value 163,500 163,500 163,500
Retained earnings 131,100 104,750 79,250
Total liabilities and equity $ 523,000 $ 445,000 $ 377,500


1. Compute the current ratio for the year ended 2017, 2016, and 2015.
2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015.

In: Accounting

"Using Python, code to find the smallest and largest planet mass (if known), and plot these...

"Using Python, code to find the smallest and largest planet mass (if known), and plot these as two curves against the year of discovery"

Basically looking to use data from an excel sheet where 'disc_year' and 'pl_mass' are columns of data; and code Python to find the maximum value of mass and the minimum value of mass for each year, then plot this as two curves. There are multiple planets for any given year hence multiple values for mass. Below is example of what data might be.

Example data: Mass - 5.5, 0.2, 6, 56, 209, 0.3, 44, 124, 403, 98, 304, 202, 11.7, 5.4, 17.8, 21.9, 603.3, 108.2, 19, 0.3

Year - 2019, 2019, 1994, 2002, 2001, 2016, 1994, 2019, 2002, 2001, 2016, 2015, 2015, 1999, 2002, 1999, 1999, 2015, 2001, 2016

In: Computer Science

The following three defense stocks are to be combined into a stock index in January 2016...

  1. The following three defense stocks are to be combined into a stock index in January 2016 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance):

    Price
    Shares
    (millions)
    1/1/16 1/1/17 1/1/18
    Douglas McDonnell 180 $ 60 $ 64 $ 77
    Dynamics General 325 68 64 78
    International Rockwell 370 97 86 100

    a. Calculate the initial value of the index if a price-weighting scheme is used. (Enter your answers rounded to 2 decimal places.)

    Index Value:

    b. What is the rate of return on this index for the year ending December 31, 2016? For the year ending December 31, 2017? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

    2016 Return: %

    2017 Return: %

In: Finance

Programming language is python 3 For this project, you will import the json module. Write a...

Programming language is python 3

For this project, you will import the json module.

Write a class named NeighborhoodPets that has methods for adding a pet, deleting a pet, searching for the owner of a pet, saving data to a JSON file, loading data from a JSON file, and getting a set of all pet species. It will only be loading JSON files that it has previously created, so the internal organization of the data is up to you.

  • The init method initializes all the data members, which must all be private.
  • The add_pet method takes as parameters the name of the pet, the species of the pet, and the name of the pet's owner. If a pet has the same name as a pet that has already been added, then the function should not add the new pet.
  • The delete_pet method takes as a parameter the name of the pet and deletes that pet.
  • The get_owner method takes as a parameter the name of the pet and returns the name of its owner.
  • The save_as_json method takes as a parameter the name of the file and saves it in JSON format with that name. You can assume the extension (if any) will be part of the provided name. You can organize your JSON file however you want.
  • The read_json method takes as a parameter the name of the file to read and loads that file. This will replace all of the pets currently in memory.
  • The get_all_species method takes no parameters and returns a set of the species of all pets.

For example, your class could be used like this:

np = NeighborhoodPets()
np.add_pet("Fluffy", "gila monster", "Oksana")
np.add_pet("Tiny", "stegasaurus", "Rachel")
np.add_pet("Spot", "zebra", "Farrokh")
np.save_as_json("pets.json")
np.delete_pet("Tiny")
spot_owner = np.get_owner("Spot")
np.read_json("other_pets.json")  # where other_pets.json is a file it saved in some previous session
species_set = np.get_all_species()

If you implement a Pet class (which is a natural option, but not required), then when you save it, you'll want to translate the information into one of the built-in object types the json module recognizes, and translate it back the other way when you read it.

The file must be named: NeighborhoodPets.py

In: Computer Science

In Casino Las Vegas, the accounts payable clerk Mr. Alexi Lalas discovered a flaw in the...

In Casino Las Vegas, the accounts payable clerk Mr. Alexi Lalas discovered a flaw in the accounting system (accounting software used for general ledger), the accounts payable clerk discovered that he was able to change the names, address and phone numbers of the Casino’s vendors in the computer system to his name or to any other name, there were no evident access controls to the suppliers ( vendors) master file. He would create false invoices and then create a check for the same false invoice. The name on the check would be changed to the name of the employee or any other beneficiary not related to the transaction. After the check was printed, the name in the system could then be changed back to the appropriate vendor. The check register (listing that usually shows listing of checks by date, name and amount) is used by other employees in other departments for many reasons. The fraudulent employee had authorization to sign checks under $1,000. By writing small checks over a period of time, he was able to defraud the company for more than $100,000 over the years of his employment. This fraud was caught by accident. An employee of another department was looking through the vendor list and the check register on her computer after the fraudulent employee had changed the vendor name to his name. A few entries later, the vendor name changed again to the true name of the vendor. She wondered how this could occur and asked her supervisor for an explanation. Soon after, the company’s management hired an independent fraud investigator, after further investigation and inquiries, the fraudulent employee was caught and an admission was received to proceed with the next stage. Check Register Image Inspect the check register and list your notifications with your professional findings and analysis What kind of fraud being committed in this case?, explain how such scheme is possible How could this fraud have been prevented? What actions should be taken against the fraudster(s) and why?

In: Finance

''' Problem 2: Functions that give answers Define and complete the functions described below. The functions...

'''
Problem 2: Functions that give answers

Define and complete the functions described below.

The functions are called in the code at the very bottom. So you should be
able simply to run the script to test that your functions work as expected.
'''

'''
* function name: get_name
* parameters: none
* returns: string
* operation:
Here, I just want you to return YOUR name. The expected output below assumes
that your name is Paul. Of course, replace this with the real article.
* expected output:

# JUST RETURNS THE NAME...TO VIEW IT YOU CAN PRINT IT AS BELOW
>>> print(get_name())
Paul

'''

'''
* function name: get_full_name
* parameters: fname (string)
lname (string)
first_last (boolean)
* returns: string
* operation:
Return (again, NOT print) the full name based on the first and last names
passed in as arguments. The first_last argument will be True if you should
return the name as <fname lname> and False if you shoudl return the name
as <lname, fname>.
* expected output:

# AGAIN JUST RETURNS THE NAME...TO VIEW IT YOU CAN PRINT IT AS BELOW
>>> print(get_full_name("Paul","York",True))
Paul York
>>> print(get_full_name("Paul","York",False))
York, Paul

'''

'''
* function name: get_circle_area
* parameters: radius (float)
* returns: float
* operation:
Return the area of a circle with the given radius. Use 3.14 as Pi. And Google if for
some reason you've forgotten how to get the area of a circle.
* expected output:

# YET AGAIN JUST RETURNS THE VALUE
>>> print(get_circle_area(5.0))
78.5
>>> print(get_circle_area(2.5))
19.625

'''

# FUNCTIONS ARE CALLED BELOW HERE...NO NEED TO TOUCH ANYTHING
# UNLESS YOU WANT TO COMMENT SOMETHING OUT TO TEST THINGS
# ALONG THE WAY...

print(get_name())
print(type(get_name())) # >>> <class 'str'>
print(get_full_name("Darth","Vader",True))
print(get_full_name("Luke","Skywalker",False))
print(type(get_full_name("Han","Solo",False))) # >>> <class 'str'>
print(get_circle_area(5.0)) # 78.5
print(get_circle_area(2.5)) # 19.625
print(get_circle_area(12.25)) # 471.19625

In: Computer Science