Questions
The records of Koop Co. provided the following information for the year ended 31 December 20X8:

The records of Koop Co. provided the following information for the year ended 31 December 20X8:

 

 

Additional information:

a. Sold equipment for cash (cost, $30,000; accumulated depreciation, $18,000).

b. Purchased land, $40,000 cash.

c. Acquired land for $42,000 and issued common shares as payment in full.

d. Acquired equipment, cost $32,000; issued a $32,000, three-year, interest-bearing note payable.

 

Required:

Prepare the SCF, using the two-step indirect method. Analyze every account to ensure all changes are included. Assume unexplained changes are from logical sources. Include required note disclosure of non-cash transactions. Prepare separate disclosure of cash paid for interest and income tax, as is required by ASPE.

In: Accounting

People flourish when they are in a state of optimal well-being or flow. When people find...

People flourish when they are in a state of optimal well-being or flow. When people find pleasure at work, they inevitably achieve and maintain excellence in their workplace performance. In fact, if you interview peak performers in any field, you will inevitably discover they gain tremendous pleasure from what they do.

What activities are you intrinsically motivated to do that involve using your personal strengths and flow experiences?

How could you change your work place behaviors, interactions and activities so that you engaged in more intrinsically motivated activities that involve using those strengths and flow experiences? Be creative - even small changes can make enormous differences.

What would be the costs and the benefits of making these changes?

In: Psychology

three product lines in its retail stores: soccer balls, baseballs, and tennis balls. Results of the...

three product lines in its retail stores: soccer balls, baseballs, and tennis balls. Results of the fourth quarter are presented below: Soccer Balls Baseballs Tennis Balls Total Units sold 1,000 2,000 2,000 5,000 Revenue $22,000 $40,000 $23,000 $85,000 Variable departmental costs 15,000 22,000 12,000 49,000 Direct fixed costs 1,000 3,000 2,000 6,000 Allocated fixed costs 8,000 8,000 8,000 28,000 Net income (loss) $ (2,000) $ 7,000 $ 1,000 $ 6,000 The allocated fixed costs cannot be avoided. There will be no changes in the demand of individual products caused by changes in other product lines. Instructions What will happen to profits if Holly Sportsballs discontinues the Soccer Balls product line?

In: Accounting

The following information relates to YogaGuru for the year ended 30 June 2020. Prepaid rent 14,500...

The following information relates to YogaGuru for the year ended 30 June 2020.

Prepaid rent

14,500

Accounts payable

52,700

Electricity expense

7,500

Unearned revenue

11,600

Wages payable

12,500

Accumulated depreciation- Equipment

8,600

Capital

?

Rent expense

32,000

Cash at bank

75,800

Wages expense

135,400

Supplies

3,900

Service revenue

282,600

Bank Loan (due in 2025)

38,000

Accounts receivable

7,500

Drawings

4,000

Equipment

235,200

Depreciation expense-Equipment

8,600

Required: Prepare an Income Statement , a fully classified Balance Sheet in narrative format and a Statement of Changes in Equity for the year ended 30 June 2020 for YogaGuru.

Income Statement:

Fully narrative Balance Sheet:

Statement of Changes in Equity

In: Accounting

1. How is attention related to consciousness? Think about the video with the gorilla - why...

1. How is attention related to consciousness? Think about the video with the gorilla - why might we be blind to changes or other things to which we're not paying attention? Think of a time when you or someone around you has been blind to changes in their surroundings - what factors contributed to that change blindness?

2. Pick a theory of dreams explained in this chapter and describe it in your own words

What, after experiencing this chapter, is your own personal theory of dreams? How is it similar or different than the theory you chose to describe?

3. What is the difference between dependence, withdrawal, tolerance, and abuse?

4. Pick a class of drugs and describe their primary effects on consciousness?

What are some of the consequences of dependence and abuse of drugs in this class?

In: Psychology

The following functions describe the behavior of major macroeconomic variables in an economy where prices are...

The following functions describe the behavior of major macroeconomic variables in an economy where prices are fixed: C = 400 + 0.9Yd I = 270 – 2000r G = 70 T = -40 + 0.2Y X = 45 IM = 41 + 0.12Y r=3% Y* = 1,725

c. Calculate the cyclical deficit/surplus. d. Suppose the government wants to close the recessionary gap and move us back to Y* using changes in G. Calculate the change in G necessary to close the gap. Is this an increase or decrease in G? e. Suppose instead the Federal Reserve wants to close the recessionary gap and move us back to Y* using changes in the interest rate. Calculate the change in the interest rate that will be necessary to close the gap. Is this an increase or decrease in the interest rate?

In: Economics

Patients with chronic kidney failure may be treated by dialysis, in which a machine removes toxic...

Patients with chronic kidney failure may be treated by dialysis, in which a machine removes toxic wastes from the blood, a function normally performed by the kidneys. Kidney failure and dialysis can cause other changes, such as retention of phosphorus, that must be corrected by changes in diet. A study of the nutrition of dialysis patients measured the level of phosphorus in the blood of several patients on six occasions. Here are the data for one patient (in milligrams of phosphorus per deciliter of blood).

5.4 5.2 4.4 4.8 5.7 6.4

The measurements are separated in time and can be considered an SRS of the patient's blood phosphorus level. Assume that this level varies Normally with

σ = 0.8 mg/dl.

(a) Give a 95% confidence interval for the mean blood phosphorus level.

In: Math

MARKETING: CONSUMER BEHAVIOR QUESTION How might you expect the family purchase process change with changes in...

MARKETING: CONSUMER BEHAVIOR QUESTION

How might you expect the family purchase process change with changes in family structure (e.g., DEWKS vs. TRADITIONAL)? Note: You must address two (different) stages (in detail) of the family decision making process in you answer (choose any product/service). Further, your answer should address the following questions for two different stages of the family decision making process (e.g., problem recognition).

Q1: What are the behavioral issues of interest under each DM stage (2 different stages)?

Q2: How might customer behavior change across these stages because of family influence?

Q3: How might marketers adjusted the marketing mix to respond to these behavior changes?

In: Operations Management

A manufacturing company is selling two products, rods and reels, each at $65 per unit. Rods...

A manufacturing company is selling two products, rods and reels, each at $65 per unit. Rods have a variable cost of $30. Reels have a variable cost of $25. Fixed cost for the company is $22,000.

a. If the sales mix is 1:1, (1 rod to 1 reel) what is the breakeven in units of rods and reels?

b. If the sales mix is 1:1, (1 rod to 1 reel) what is the break-even point in dollars of sales?

c. If the sales mix changes to 1:4, (1 rod to 4 reels) what is the break-even point in units of rods and reels?

d. If the sales mix changes to 1:4, (1 rod to 4 reels) what is the break-even point in dollars of sales?

In: Operations Management

1- A is Trading and Tourism Company. 2- B is the owner of a Building A...

1- A is Trading and Tourism Company.
2- B is the owner of a Building


A interred with B in to an investment Contract where A will take the building as investment which is owned by B and will turn to Hotel. It was agreed that, A prior to invest will take the approval from B on the plans and drawings. A sent the plans and the drawing to B for his approval. It was agreed that within a week if there were no answer from any of the parties on the correspondences of the other for any approval, therefore, it would mean that approval has been granted. A has started to do all the changes according to the plans and the drawings after a week from sending the plans. After a month A has received the reply from B with changes made in the plans and drawings. A has ignored the reply and continue the changes according to his plans. B was not happy and has demanded A to stop the work in the building and deliver the building at the same conditions he received it. A has replied to B that he has invested in the building according to the contract and if he wants the building back he has to pay the cost of his investments and the remedies of the damages that he has incurred. B has refused his demands and asked A to pay for all the repairs and damages caused to his building.
You have been contacted as mediator between the A and B Please answer the following:

1. What kind of relation between A and B?
2. Identify the responsibility for both parties and their civil rights.
3. What is the real problem between the two parties?
4. Does B have the right to stop work in the building and does A have the right to ignore B’s changes in the plans?
5. What action A should take to make B accept the plans and drawings and to finish the work?
6. In your conclusion, you should provide a good solution for A and B to continue to work together without going to litigation.

In: Economics