In: Biology
An older naming system uses Latin names of the elements. For example, the Latin name of iron is ferrum (which gives iron its symbol of Fe). For metals that can have more than one charge, the Latin name takes a –ous ending for the smaller charge and an –ic ending for the larger charge. Based on these rules, what is the Latin name of Fe22O33?
A Ferrous oxide
B Ferric oxide
C Ferrum oxide
D Iron oxide
In: Chemistry
Write out code for a nested if statement that allows a user to enter in a product name, store the product into a variable called product name and checks to see if that product exists in your nested if statement. You must include 5 product names to search for. If it is then assign the price of the item to a variable called amount and then print the product name and the cost of the product to the console. If it does not find any of the items in the nested if statement, then print that item cannot be found. (using Python Only)
In: Computer Science
C++ Language
Problem 2 (Save and Get Info) : Write a program
that asks for the user's name, phone number, and address. The
program then saves all information in a data file (each information
in one line) named list.txt. Finally, the program
reads the information from the file and displays it on the
screen in the following format:
Name: User's Name
Phone Number: User's Phone Number
Address: User's Street Address
User's City, State, and Zip Code
In: Computer Science
In python please write the following code the problem. Write a function called play_round that simulates two people drawing cards and comparing their values. High card wins. In the case of a tie, draw more cards. Repeat until someone wins the round. The function has two parameters: the name of player 1 and the name of player 2. It returns a string with format '<winning player name> wins!'. For instance, if the winning player is named Rocket, return 'Rocket wins!'.
In: Computer Science
C++
Write a program that declares two variables:a string firstName and int age.Write a function, called getName, that when called, prompts the user for their first name.
The function should return the first name and store it in the firstName variable.
Write a function, called getAge, that when called, prompts the user for their age.
The function should return the age and store it in the age variable.
Write a function, that uses the firstName and age as arguments.In the function, print out the person’s name and age.
In: Computer Science
Linux
Create a simple 'user' file -user name, user id, some few other
fields (at your discretion). Name it 'users'. Enter about 10
entries there.
Create a simple 'user_data' file -user name, phone, address etc at your discretion.. User names in both files should match. So there would be 10 users in both files. You probably want to do these files as tab -separated, rather than space separated.
In: Computer Science
1. Write a SQL statement which joins the rider_student table with the rider_major table and lists the rider student name and the name of the major (major_name) and the description of the major for which they are currently assigned. (You may use the SQL 'join' subclause, or simply express the join as part of the 'where' clause by indicating that you only want records where the primary key of the child table, rider_major, equals the corresponding foreign key of the joined table, rider_student.)
2. Write a SQL statement which joins the rider_student table with the rider_major table and lists the rider student name and the name of the major (major_name) and the description of the major for which they are currently assigned. The SQL statement should only select records for students who are majoring in Information Systems.
3. Write a SQL statement which joins the rider_student table with the rider_major table and lists the rider student name and the name of the major (major_name) and the description of the major for which they are currently assigned. The SQL statement should only select records for majors who are graduate students (graduate_only = 'TRUE’).
4. Write a SQL statement which joins the rider_student table with the rider_major table and lists the rider student name (select CONCAT(first_name,' ',last_name) AS NAME) and the name of the major (major_name) and the description of the major for which they are currently assigned. The SQL statement should only select records for majors who are graduate students (graduate_only = 'TRUE’)
5. Write a SQL statement which joins the parts table with the supplier table and lists the part_name, supplier_name for all parts in the part table. The supplier_id column in the suppliers table is the primary key in the suppliers table, and this key has been exported to the parts table where it is a foreign key. You should use an inner join for this query.
6. Write a SQL statement which joins the parts table with the suppliers table and lists the part_name, supplier_name. You should return all rows from the parts table whether or not there are corresponding rows in the supplier table. You should use an outer join for this query.
7. Write a SQL statement which joins the parts table with the supplier table and lists the part_no, part_name, supplier_name from parts and suppliers table. Only return the parts supplied by ‘Fred Smith ..'. You should use an inner join for this query.
8. The faculty table contains faculty information and has a faculty_id as the primary key. The faculty_department table has the department assignments for faculty members and has the faculty_id from the faculty table as an exported key or foreign key. The department table has information about departments and has a department_id column as its primary key. The faculty_department table also has the exported key or foreign key for the department table.
Write a SQL statement to display faculty_id, first name, last name, department_id, department name (need to joins the faculty table with the faculty_department table with the department table. )Use an inner join for this query.
In: Computer Science
Should prepaid assets make difference in ROA calculation? (8 points)
Some costs are post paid, therefore, it creates liabilities. For example, salary is post-paid, meaning that the employees will get paid after they provide services. In class, we find that operating liabilities such as salary payable should be excluded in the denominator for ROA to be consistent with the idea.
Some costs are pre-paid. Rent (if paid in advance) and insurance come as a good example. Inventory is also pre-paid. Keep in mind, though, ‘pre-paid’ doesn’t always means that the company has to pay upfront. It is pre-paid because company has to pay upfront or acquire first in exchange for liabilities.
For example, let’s say we have an insurance contract, which is pre-paid in nature; annual contract for $2,400. Normally, we can pay $2,400 upfront.
In the examples below, company A paid $2,400 in advance. Company B thinks the pre-paid nature is unfair, so it was able to negotiate a deal with insurance company, so that it can post-pay after each month. Thus Company B acquires same insurance, but its insurance pay schedule is following.
Table 1. Background information and Balance Sheet of company A and B.
|
Company A |
Company B |
|
|
# workers |
8 |
8 |
|
Daily salary / employee |
$100 |
100 |
|
Daily Sales revenue (all cash) |
$1,100 |
$1,100 |
|
Beginning, 5/1/2016 |
Company A |
Company B |
|
Assets (all cash) |
||
|
Cash |
$50,000 |
$50,000 |
|
Equipment |
60,000 |
60,000 |
|
Less : Accumulated depreciation |
(15,000) |
(15,000) |
|
Total Assets |
95,000 |
95,000 |
|
Liability |
0 |
0 |
|
Note payable |
60,000 |
60,000 |
|
Equity (common stock) |
35,000 |
35,000 |
|
Insurance policy (all purchased insurance on 5/1, coverage starts from 5/1/2016 to 4/30/2017) |
Purchase insurance 1 year ($2,400) in advance, paid cash on 5/1/2016 |
Annual contract started on 5/1 Structured a deal that insurance is post paid |
Additional Info
Q1. Provide journal entries for company A and B related to insurance, if any. Remember, only post paid account has designated payable account (Interest is post paid -> Interest payable. If account is prepaid, we charge to accounts payable.)
Q2. Complete the Balance Sheets right after the insurance purchase for company A and B. Explain the changed numbers (between before and after purchase of insurance)
|
As of 5/1/2016 (after insurance is purchased) |
Company A |
Company B |
|
Assets |
||
|
Cash |
||
|
Equipment |
60,000 |
60,000 |
|
Less: Accumulated Depreciation |
(15,000) |
(15,000) |
|
Prepaid Insurance |
||
|
Total Assets |
||
|
Liabilities |
||
|
Note payable |
60,000 |
60,000 |
|
Total Liabilities |
||
|
Equities (common stock) |
||
|
Total Liabilities & Equities |
* Fill it using the answer to Q1.
In: Accounting
Designers Ltd. is a Canadian controlled private corporation with its head office in Vancouver, B.C. The company manufactures clothes and sells to Canada and the United States.
Designers Ltd. was incorporated in 2013 and has a sole shareholder, Amanda Anderson. Amanda Anderson, a fashion expert, also prepared the accounting records for Designers Ltd.
|
Designers' Ltd. Income Statement For the Year Ended December 31, 2016 |
||
|
Sales |
$10,000,000 |
|
|
Cost Of Goods Sold |
(4,500,000) |
|
|
Gross Profit |
$5,500,000 |
|
|
Expenses: |
||
|
General & Administration |
(900,000) |
|
|
Amortization |
(300,000) |
|
|
Interest |
(25,000) |
(1,225,000) |
|
Operating Income |
$4,275,000 |
|
|
Gain on Disposition of Tangible Assets |
83,000 |
|
|
Interest Income |
300,000 |
|
|
Income Before Income Taxes |
$4,658,000 |
|
|
Income Taxes |
(320,000) |
|
|
Net Income |
$4,338,000 |
|
During your review of Amanda Anderson’s accounting and income tax work, you noted the following:
1. The Allowance for Doubtful Accounts, in the accounting records, was $ 40,000 at December 31, 2016 and was $ 35,000 at December 31, 2015. During 2016, Designers Ltd. had actual write-offs of $ 18,000. Consequently, the 2016 accounting Bad Debts Expense was $ 23,000. That amount was in included in General & Administrative Expense.
A review of the Accounts Receivable listing (for income tax purposes) indicated that the actual items that may be uncollectible totaled $ 28,000 at December 31, 2016. In 2015, Designers Ltd. deducted, for income tax purposes, a reserve for bad debts of $ 12,000.
General & Administrative Expense included the following:
|
Donations to Registered Charities |
$40,000 |
|
Accrued Bonuses - Accrued November 01, 2016, paid on July 31, 2017 |
65,000 |
|
Meals & Entertainment Costs included the following: |
|
|
$2,000 monthly membership fees at a Gold Club for Amanda |
24,000 |
|
$1,000 monthly membership fees at a squash club for sales staff |
12,000 |
|
Meals for entertaining clients |
60,000 |
|
Food costs for Amanda’s personal chef at Amanda's home |
20,000 |
|
Annual staff Christmas party |
17,000 |
|
Sponsorship of local community’s soccer team |
16,000 |
|
Advertising in a U.S. newspaper directed at U.S. clients |
15,000 |
|
Software purchased on July 15, 2016 ($20,000 for Applications and $25,000 for hardware) |
45,000 |
|
Legal & accounting fees for amending articles of incorporation |
16,000 |
|
Annual Finland convention costs |
30,000 |
Interest Expense was comprised of the following:
|
Interest & Penalty for Late and Insufficient Instalment Payments to CRA |
8,000 |
|
Interest on Late Payment of Municipal Property Taxes |
7,000 |
|
Interest Expense - Operations |
10,000 |
|
Total |
25,000 |
Travel costs (included in General & Administrative Expense) included both air travel and travel reimbursement to employees for business travel. Designers Ltd.’s policy was to reimburse employees $ 0.95 per kilometer for the business use of the employees’ automobiles. During 2016, seven employees drove 7,000 kilometres each on employment-related activities. None of the reimbursements were required to be included in the employees’ income.
The Gain on Disposition of Tangible Assets consisted of the following
|
Cash |
105,000 |
||
|
Accumulated Amortization |
25,000 |
||
|
Gain on Disposal of Tangible Assets |
83,000 |
||
|
Equipment |
47,000 |
Designers Ltd. purchased a $ 150,000 Mercedes for Amanda Anderson’s personal use. The Mercedes replaced the only other existing company car, a $ 95,000 BMW, which was purchased in 2014. The BMW, which was sold for $ 75,000, was used solely by Amanda Anderson. The BMW was never amortized by Designers Ltd. Designers Ltd. reported the above transactions as follows:
|
Mercedes |
150,000 |
||
|
Cash |
150,000 |
||
|
Cash |
75,000 |
||
|
Loss on Sale of BMW |
20,000 |
||
|
BMW |
95,000 |
The $ 20,000 Loss on Sale of BMW was included in General & Administration Expense.
Designers Ltd. purchased shares in 2013 for a cost of $ 25,000; in 2016, Designers Ltd. sold those shares for $ 85,000. The capital gain on these shares was $ 60,000 and Amanda Anderson credited the capital gain to retained earnings.
Required:
Determine Designers Ltd.’s minimum net income for tax purposes for the year ended December 31, 2016, excluding CCA deduction. Ignore GST/PST/HST implications
In: Accounting