You are an investor in the US, thinking about investing 500.000 USD. Numbers say that the nominal interest rate for one year on USD assets is 2%, while in Norway the interest rate is 2,8%. Forecasts estimate that in Norway the inflation is going to be 2,1% during the next year, while in the US 1,1% inflation is expected. The USD/EUR exchange rate is 1,08. Market analysts say that during the next year the USD is expected to appreciate by 0,9% agains the EUR.
What is the reasonable choice with respect to investment? Which currency should be invested in? How can the profit from this situation be maximized?
In: Economics
Customer pet peeves about customer service. What are yours? Food not prepared properly at a restaurant? You need to return clothing or something else? A purchase you made didn’t work properly, or you couldn’t figure out how to make it work from the directions given? You need help in a store and can’t find anyone? Or, you may choose a pet-peeve specific to you. Tell us why it bothers you; and how you handle the situation with the person you need to talk with about your complaint? You are encouraged to share an experience with us.
In: Operations Management
In: Nursing
Prepare closing entries for the below, is my question.
Transactions for Blackberry Mountain Inc for the month of January is as follows:
1 Company issued common stock for $21,000 2a Supplies are purchased for $3,000.
2b Insurance is paid for 6 months beginning January 1: $5,400 (record as an asset)
2c Rent is paid for 3 months beginning in January: $4,500 (record as an asset)
3 Blackberry Mountain Inc borrows $45,000 from 1st State Bank at 12% annual interest.
6 An equipment is purchased for $22,500 cash. It will be used for 3 years and will be depreciated monthly using straight-line depreciation with no salvage value. A full month of depreciation will be charged in January.
9 Services are performed for customers on account. Invoices totaling $9,800 are mailed.
10 Services are performed for cash customers: $7,600.
15 Blackberry Mountain Inc borrows $16,000 from 2nd State Bank at 9% annual interest.
16 Wages for the first half of the month are paid on January 16: $4,200
20 The company receives $3,000 from a customer for an advance order for services to be provided in January and February.
25 Collections from customers on account (see January 9 transaction): $4,500.
30 A $3,100 utility bill for January arrived. It is due on February 15.
Additional information for the adjusting entries at January 31:
a. The company completed 60% of the deliveries for the customer that paid in advance on January 20th.
b. Interest is accrued for the two bank loans (assume a full month for the 1st State Bank loan and ½ month for the 2nd State Bank loan).
c. The last 2 weeks wages earned by employees are $4,200 and will be paid on February 3rd.
d. Record January depreciation.
e. Adjust the prepaid asset accounts as needed.
In: Accounting
A study is conducted to determine the security and confidentiality of personal information submitted over the Internet, including such things as social insurance and credit card numbers. A random sample of 1,000 adults were selected and asked under what circumstances they would give personal information to a company. 20% said they would never give personal data to a company, while 51% said they would if the company had strict privacy guidelines in place. Construct a 95% confidence interval for the proportion of those who would never give personal data to a company.
Calculate the margin of error.
| a. |
0.025 |
|
| b. |
0.030 |
|
| c. |
0.016 |
1 points
QUESTION 2
Construct a confidence interval for the proportion of those who would never give personal data to a company.
| a. |
0.465, 0.515 |
|
| b. |
0.485, 0.535 |
|
| c. |
0.175, 0.225 |
In: Statistics and Probability
Hello my name is Pete. I posted my previous question in error by forgetting to mention that I am located in New York State and am required to go by those rules and regulations.
Erica Swanson (SSN 376-38-4930), age 46, is a single parent with three children:
Her biological son, Sean Swanson (age 19) is a part-time college student who works fulltime as a landscaper
Her biological daughter, Brooklyn Swanson (age 14)
Her adopted daughter, Sydney Swanson (age 12)
Although Erica receives child support from her ex-husband, she provides more than half of the support of all three children. Although her ex-husband does spend time with the children, Erica is their custodial parent; all three children have lived with Erica for the whole year. Erica works as an office manager. Her W-2 from 2018 shows the following information:
Gross wages: $39,500
Social security tax withheld: $2,449
Medicare tax withheld: $573
Federal income tax withheld: $3,950
State tax withheld: $819
401(k) contribution: $5,500
In addition, she accrued $950 of taxable interest during the year. In order to work, Erica has made arrangements for her neighbor, Robin Murphy, to watch the girls after school and during the summer. During the year, Erica paid Robin a total of $5,200 for child care expenses for the two girls (divided evenly). Sean took a couple of classes at the local community college during the year. Erica paid $1,200 for his tuition, fees, and books. His full-time work schedule prohibited him from attending at least half-time. Erica has satisfied the full-year coverage health insurance requirement under the ACA.
Which filing status should Erica use?
What is the amount of wages that Erica should report on Form 1040?
What is the amount of taxable interest that Erica should report on Form 1040?
What is the amount of Erica's AGI?
How many qualifying dependents does Erica have?
What is the amount of Erica's basic standard deduction?
What is the amount of Erica's additional standard deduction?
How much taxable income does Erica have?
What is Erica's tax liability?
Child and dependent care credit
|
Amount of qualifying expenses eligible for credit? |
|
Applicable percentage (from table) |
|
Amount of credit? |
|
Education credits |
|
Which education credit does Erica qualify for? |
|
Amount of credit? |
|
Child tax credit (non-refundable) |
|
Number of qualifying children? |
|
Amount of initial credit? |
|
Amount of non-refundable credit? |
|
Additional child tax credit |
|
Amount remaining after non-refundable credit is taken? |
|
IRS limit for refundable portion? |
|
15% of earned income above $2,500? |
|
Allowable refundable child tax credit? |
|
Earned income credit |
|
Does Erica qualify for the earned income credit? |
|
If so, what is the amount of her credit? |
|
Additional amount due (or refund amount) |
|
Will Erica be getting a refund, or does she owe additional tax? |
|
What is the amount? |
In: Accounting
Define watershed and the watershed approach to water quality management. What are the implications of water quality management regulations based on watershed management?
What are the primary laws/acts that regulate water quality in the US?
What federal and state agencies are responsible for regulating water quality? What role does each agency serve?
Can a small farm be required to have a permit to operate a waste management? If so, why would this be the case?
Define a nutrient management plan.
What are the important components of a nutrient management plan?
What nutrients are being regulated/managed?
Why is having proper nutrient management important?
When describing “animal welfare”, what conditions must be met and/or supplied for the animals as outlined in the Five Freedoms?
What does the phrase “a rat is a dog is a boy” imply?
Compare and contrast Animal Rights and Animal Welfare.
Name a leader that has helped advance Animal Rights in the US.
Name two animal rights groups.
Name leaders who have served as advocates for animal welfare.
Describe how property rights have been established and what protects a citizen’s property rights.
In: Biology
QUESTION 26 Anthropologists who work in K-12 educational settings:
a. Usually work with and/or observe constituent groups
b. See patterns of behavior and misconceptions
c. Support curricular adaptations, teach education and school culture change d
. All of the above 10 points
QUESTION 27 According to our text, racial classification means that someone or some entity will:
a. Attempt to assign humans to discrete categories based on common ancestry
b. Totally accept the idea that all human variation is based on biological variation and there is no "better of" or "worse
" c. Conclude that racial categorization will accurately define us all and for good reasons
d. Allow us to consistently looks at skin tone, facial features, eye color and hair texture and correctly assume a person's place of birth 10 points
QUESTION 28 Globalization is a set of facts, ideologies and policies which
a. Are meant to spread the connectedness of production, communication and technology around the world
b. Coordinated by Central Banks, the IMF and the World Bank
c. Supported by international financial powers to create global free markets and consumerism
d. All of the above
In: Psychology
Assignment Details
Final Project Overview
Throughout this course, you have learned various components of
accounting. These components work hand-in-hand to create the
accounting cycle – the process of recording, summarizing and
reporting transactions. The final project will provide you the
opportunity to apply the skills covered in this course through the
completion of the accounting cycle. In addition, you will be able
to demonstrate your understanding through analysis of the completed
information. This project will be completed in two parts in Units 3
and 5.
Final Project Data
On December 1, 2015 John Trap created a new travel agency, Trap
Adventures, Inc. providing exclusive adventure trips. The following
transactions occurred during December 2015.
(NOTE: There are no beginning balances – this is a new
company.)
|
Dec 1 |
John Trap invested $60,000 cash in the company for common stock. |
|
2 |
Purchase office equipment for $17,500 cash. |
|
2 |
The company rented furnished office space by paying $18,000 cash for the first six months (December 2015 - May 2016) rent. |
|
3 |
The company purchased $1,500 of office supplies on account. |
|
10 |
The company paid $3,600 cash for the premium on a 12-month insurance policy. |
|
14 |
The company paid $10,750 cash for two weeks' salaries earned by employees. |
|
24 |
The company collected $54,000 cash on commissions from airlines on tickets obtained for customers. |
|
28 |
The company paid $12,125 cash for two weeks' salaries earned by employees. |
|
29 |
The company paid $350 cash for minor repairs to the company's computer. |
|
30 |
The company paid $450 cash for this month's telephone bill. |
|
30 |
Dividends of $3,000 cash were paid. |
Adjustment Data:
One month's insurance coverage has expired.
The company occupied the office space for the month of December.
At the end of the month, $600 of office supplies are still available.
This month's depreciation on the computer equipment is $325.
Employees earned $525 of unpaid and unrecorded salaries as of month-end.
Final Project Requirements
Using the spreadsheet found here and information above, complete
the following:
Journal entries to record the transactions that occurred during the month of December.
Prepare an unadjusted trial balance.
Week5 submission assignment
Assignment Details
Using the same data in the Unit 3 Submission and incorporating
the feedback you received from your instructor on Submission 3,
perform the steps below to complete the final project.
Adjustment Data:
One month's insurance coverage has expired.
The company occupied the office space for the month of December.
At the end of the month, $600 of office supplies are still available.
Create journal entries to record the transactions that occurred during the month of December. (Completed in Unit 3)
Prepare an unadjusted trial balance (Completed in Unit 3)
Create adjusting journal entries at the end of the year, December 31 based on the adjustment data.
Prepare an adjusted trial balance.
Prepare an income statement, statement of stockholders' equity, and classified balance sheet.
Create closing journal entries to close all temporary accounts.
Prepare post-closing trial balance.
In addition, answer TWO of the questions below in 1-2 fully developed paragraphs. A fully developed paragraph should have a major point with 3 to 5 support sentences. One or two sentences is not acceptable or does not discuss the question. Be sure to show what you know!!!
Trap Adventures, Inc. is looking for an accountant. In your own words, explain to Trap's hiring team the role of accountant and accounting within business. Provide examples of the expectations of the accountant.
Discuss the financial position of Trap Adventures, Inc. using the following ratios:
Current ratio
Return on equity: For each ratio, provide the calculation and an explanation of the meaning. Is this a positive or negative result for the Trap Adventures, Inc.?
Using Trap Adventures, Inc.'s income statement, evaluate the operations for the month of December. Complete a common-size income statement using sales as the base number. What is the largest percentage? What is the smallest percentage? What recommendations could be made to increase Trap's net income?
Currently, Trap Adventures, Inc. does not own any loans or bank notes (long-term liabilities). What would happen if Trap decides to obtain a bank loan for $25,000 to fund daily operations? How would this transaction impact the financial statements - which accounts would be affected? What is the debt to equity ratio? What does the debt to equity ratio represent
In: Accounting
This question has 2 parts.
Assignment Details
Final Project Overview
Throughout this course, you have learned various components of
accounting. These components work hand-in-hand to create the
accounting cycle – the process of recording, summarizing and
reporting transactions. The final project will provide you the
opportunity to apply the skills covered in this course through the
completion of the accounting cycle. In addition, you will be able
to demonstrate your understanding through analysis of the completed
information. This project will be completed in two parts in Units 3
and 5.
Final Project Data
On December 1, 2015 John Trap created a new travel agency, Trap
Adventures, Inc. providing exclusive adventure trips. The following
transactions occurred during December 2015.
(NOTE: There are no beginning balances – this is a new
company.)
|
Dec 1 |
John Trap invested $60,000 cash in the company for common stock. |
|
2 |
Purchase office equipment for $17,500 cash. |
|
2 |
The company rented furnished office space by paying $18,000 cash for the first six months (December 2015 - May 2016) rent. |
|
3 |
The company purchased $1,500 of office supplies on account. |
|
10 |
The company paid $3,600 cash for the premium on a 12-month insurance policy. |
|
14 |
The company paid $10,750 cash for two weeks' salaries earned by employees. |
|
24 |
The company collected $54,000 cash on commissions from airlines on tickets obtained for customers. |
|
28 |
The company paid $12,125 cash for two weeks' salaries earned by employees. |
|
29 |
The company paid $350 cash for minor repairs to the company's computer. |
|
30 |
The company paid $450 cash for this month's telephone bill. |
|
30 |
Dividends of $3,000 cash were paid. |
Adjustment Data:
One month's insurance coverage has expired.
The company occupied the office space for the month of December.
At the end of the month, $600 of office supplies are still available.
This month's depreciation on the computer equipment is $325.
Employees earned $525 of unpaid and unrecorded salaries as of month-end.
Final Project Requirements
Using the spreadsheet found here and information above, complete
the following:
Journal entries to record the transactions that occurred during the month of December.
Prepare an unadjusted trial balance.
Week5 submission assignment
Assignment Details
Using the same data in the Unit 3 Submission and incorporating
the feedback you received from your instructor on Submission 3,
perform the steps below to complete the final project.
Adjustment Data:
One month's insurance coverage has expired.
The company occupied the office space for the month of December.
At the end of the month, $600 of office supplies are still available.
Create journal entries to record the transactions that occurred during the month of December. (Completed in Unit 3)
Prepare an unadjusted trial balance (Completed in Unit 3)
Create adjusting journal entries at the end of the year, December 31 based on the adjustment data.
Prepare an adjusted trial balance.
Prepare an income statement, statement of stockholders' equity, and classified balance sheet.
Create closing journal entries to close all temporary accounts.
Prepare post-closing trial balance.
In addition, answer TWO of the questions below in 1-2 fully developed paragraphs. A fully developed paragraph should have a major point with 3 to 5 support sentences. One or two sentences is not acceptable or does not discuss the question. Be sure to show what you know!!!
Trap Adventures, Inc. is looking for an accountant. In your own words, explain to Trap's hiring team the role of accountant and accounting within business. Provide examples of the expectations of the accountant.
Discuss the financial position of Trap Adventures, Inc. using the following ratios:
Current ratio
Return on equity: For each ratio, provide the calculation and an explanation of the meaning. Is this a positive or negative result for the Trap Adventures, Inc.?
Using Trap Adventures, Inc.'s income statement, evaluate the operations for the month of December. Complete a common-size income statement using sales as the base number. What is the largest percentage? What is the smallest percentage? What recommendations could be made to increase Trap's net income?
Currently, Trap Adventures, Inc. does not own any loans or bank notes (long-term liabilities). What would happen if Trap decides to obtain a bank loan for $25,000 to fund daily operations? How would this transaction impact the financial statements - which accounts would be affected? What is the debt to equity ratio? What does the debt to equity ratio represent
In: Accounting