1. Kiley Company had a $700 credit balance in Allowance for Doubtful Accounts (What is normal balance for the contra asset?( Debit or Credit?) at December 31, 2020, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following:

Instructions

1. Calculate the balance for the Allowance for Doubtful Accounts.
2. Prepare the adjusting entry on December 31, 2020, to recognize bad debts expense.
3. Calculate the net realizable value after your adjusting entry for December 31, 2020.

1. STROUP Supply Co. has the following transactions related to notes receivable during the last month of 2019.

Dec. 16 Received a $4,000, 6 month, 9% note in exchange for Weinberg’s outstanding accounts receivable.

Dec. 31 Accrued interest revenue on all notes receivable.

1. Prepare the two journal entries required for the transactions for Stroup Supply Co.

Chapter 8. Flexible Budgets, Standard Costs, and Variance Analysis...answer them all.

8–7 What does a flexible budget enable that a simple comparison of the planning budget to actual results does not do?

8–9 What is a quantity standard? What is a price standard?

8–10 Why are separate price and quantity variances computed?

8–11 Who is generally responsible for the materials price variance? The materials quantity variance? The labor efficiency variance?

8–12 The materials price variance can be computed at what two different points in time? Which point is better? Why?

A railroad car of mass 35000 kg moving at 4.00 m/s collides and couples with two coupled railroad cars, each of the same mass as the single car and moving in the same direction at 2.00 m/s.

a) What is the speed of the three coupled cars after the collision?

b) How much kinetic energy is lost in the collision?

Suppose that ZX Inc. is currently selling at $50 per share. You buy 200 shares, using $5,000 of your own money and borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 5%.

1. What is the profit or loss $ in the net worth of your brokerage account if the price of ZX Inc. changes to $46?

2. What is the profit or loss $ in the net worth of your brokerage account if the price of ZX Inc. changes to $50?

3. What is the profit or loss $ in the net worth of your brokerage account if the price of ZX Inc. changes to $54?

4. What is the rate of return on your margined position (assuming again that you invest $5,000 of your own money) if ZX Inc. is selling after one year at $46 (use whole number percentage with two decimals rounded up/down - i.e. 0.3245 input 32.45)?

5. What is the rate of return on your margined position (assuming again that you invest $5,000 of your own money) if ZX Inc. is selling after one year at $50 (use whole number percentage with two decimals rounded up/down - i.e. 0.3245 input 32.45)?

6. What is the rate of return on your margined position (assuming again that you invest $5,000 of your own money) if ZX Inc. is selling after one year at $54 (use whole number percentage with two decimals rounded up/down - i.e. 0.3245 input 32.45)?

8. (Put-Call Parity) XYZ stock is trading at $40. The effective annual interest rate is 5%, so that 100 dollars lent for 1 year will return 105 dollars. One year call premiums are 9, 4, and 2 for strike prices of 35, 40, and 45, respectively. Draw a profit graph (or make a table) for the following strategy: buy one 45 strike call, sell one 40 strike put.

(a) complete the table to show the cumulative frequency

(b) using the scale of 1 cm to represent $5 on the horizontal axis and 1cm to represent 5 students on the vertical axis, draw the cumulative frequency graph for the data.

(marks will be awarded for axis appropriately labelled, points correctly plotted and a smooth curve carefully drawn)

(c) use your graph to estimate (i) the median amount of money spent (ii)the probability that a student chosen at random spent less than $23 during the week.

show on your graph, using broken lines, how these estimates were determined.

Question 4 (20 Marks – 36 Minutes) Nov Sup. 2014 Opuwo Investment CC opened a new manufacturing facility. In the first month the following changes were observed in their inventory: Opening inventory nil Produced 16 000 units Sold 12 000 units Closing inventory 4 000 units Each unit is sold for N$35. The costs incurred are as follows: Materials N$15 per unit produced Labour N$7 per unit produced Indirect manufacturing costs (fixed) N$40 000 Selling cost (fixed) N$15 200 Administration costs (fixed) N$23 600 Page 6 of 66 REQUIRED MARKS 4.1. Prepare a statement of comprehensive income using the marginal costing approach. 8 4.2. Prepare a statement of comprehensive income using the absorption costing approach. 8 4.3 Reconcile the profit of the absorption costing and marginal costing method 2 4.4 Explain the difference in profit between the two approaches. 2 TOTAL MARKS 20

Suppose a researcher gathered survey data from 19 employees and asked the employees to rate their job satisfaction on a scale from 0 to 100 (with 100 being perfectly satisfied). Suppose the following data represent the results of this survey. Assume that relationship with their supervisor is rated on a scale from 0 to 50 (0 represents a poor relationship and 50 represents an excellent relationship); overall quality of the work environment is rated on a scale from 0 to 100 (0 represents poor work environment and 100 represents an excellent work environment); and opportunities for advancement is rated on a scale from 0 to 100 (0 represents no opportunities and 100 represents excellent opportunities). Answer the following questions: What is the regression formula based on the results from your regression? How reliable do you think the estimates will be based on this formula? Explain your answer by citing the relevant metrics. Are there any variables that do not appear to be good predictors of job satisfaction? How can you tell? If a new employee reports that her relationship with her supervisor is 40, rates her opportunities for advancement to be at 30, finds the quality of the work environment to be at 75, and works 60 hours per week, what would you expect her job satisfaction score to be?