On October 1, Year 1, Gold Co. borrowed $900,000 to be repaid in three equal, annual installments. The note payable bears interest at 5% annually. Gold paid the first installment of $300,000 plus interest on September 30, Year 2. What amount should Gold report as a current liability on December 31, Year 2?
In: Accounting
Sandhill Co. issued 8%, 9-year, $2,618,600 par value bonds that
pay interest semiannually on October 1 and April 1. The bonds are
dated April 1, 2017, and are issued on that date. The discount rate
of interest for such bonds on April 1, 2017, is 8%.
What cash proceeds did Sandhill receive from issuance of the
bonds?
In: Accounting
Question 1 – Australian Consumer Law
Natural Ice Cream Co is a company that advertises its ice cream as ‘all natural’, made in the Barossa Valley (in South Australia), and from milk produced by Australian cows.
It has been discovered, that actually the ice cream is made in Victoria, 1000’s of kilometres away from the Barossa Valley. And although most of the ingredients in the ice cream are natural they do use a chemically flavoured vanilla as natural vanilla is too expensive. Most cows were bred in Australia but recently some have been imported from Indonesia.
Using relevant legal principles, discuss whether Natural Ice Cream Co has breached section 18 of the Australian Consumer Law and what remedies may be available.
In: Psychology
The number of consumer complaints against the top U.S. airlines in 2013 in given in the following table.
| Airline | Complaints |
Complaints per 100,000 Passengers Boarding |
| Southwest Airlines | 397 | 0.34 |
| Alaska Airlines | 86 | 0.44 |
| Delta Airlines | 713 | 0.59 |
| JetBlue Airways | 192 | 0.63 |
| AirTran Airways | 130 | 0.73 |
| SkyWest Airlines | 217 | 0.80 |
| Mesa Airlines | 71 | 0.85 |
| Endeavor Air | 113 | 0.86 |
| ExpressJet Airlines | 319 | 0.96 |
| Hawaiian Airlines | 105 | 1.06 |
| Virgin America | 81 | 1.28 |
| US Airways | 806 | 1.42 |
| American Eagle Airlines | 303 | 1.70 |
| American Airlines | 1730 | 1.99 |
| United Airlines | 1935 | 2.14 |
| Frontier Airlines | 316 | 3.09 |
(a) By considering the numbers in the colum labeled "Complaints," caclulate the mean and median number of complaints per airline.
(b) Explain why the averages found in part (a) are not meaningful.
(c) Find the mean and median of the numbers in the column labeled "Complaints per 100,000 Passengers Boarding." Discuss whether these averages are meaningful.
In: Math
Based upon your existing research and experiences, describe the features, similarities, and differences between the directory service offerings within the Linux and Windows environments. Form a recommendation for your corporation on which directory services (and features) should be used within your growing environment. Explain. Ensure that your recommendation(s) account for cost, training, support, and maintenance.
In: Computer Science
The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers. Also note that the company uses a clearing house to take care of all bank as well as non-bank credit cards used by its customers.
Record on page 10 of the journal
Mar. 2 Sold merchandise on account to Equinox Co., 518,900, terms FOB destination, 1/10,n/30. The cost of the merchandise sold was $13,300.
3 Sold merchandise for $11,350 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $7,000
4 Sold merchandise on account to Empire Co., $55,400, terms FOB shipping point, n/eom. The cost of merchandise sold was $33,200.
5 Sold merchandise for $30,000 plus 6% sales tax to retail customers who used MasterCard. The cost of merchandise sold was $19.400.
12 Received check for amount due from Equinox Co. for sale on March 2
14 Sold merchandise to customers who used American Express cards. $13.700. The cost of merchandise sold was $8.350.
16 Sold merchandise on account to Targhee Co., 527,500, terms FOB shipping point, 1/10, 1/30. The cost of merchandise sold was $16,000.
18 Issued credit memo for $4,800 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise returned was $2,900.
19 Sold merchandise on account to Vista Co. 58.250 terms FOB shipping point, 2/10, n/30. Added 575 to the invoice for prepaid freight. The cost of merchandise sold was $5,000
26 Received check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18.
28 Received check for amount due from Vista Co. for sale of March 19.
31 Received check for amount due from Empire Co for sale of March 4.
31 Pald Fleetwood Delivery Service 55,600 for delivery of merchandise in March to customers under shipping terms of FOB destination
Apr 3 Paid City Bank $940 for service fees for handling MasterCard and American Express sales during March.
15 Paid $6.544 to state sales tax division for taxes owed on sales.
In: Accounting
The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers. Also note that the company uses a clearing house to take care of all bank as well as non-bank credit cards used by its customers.
Record on page 10 of the journal
Mar. 2 Sold merchandise on account to Equinox Co., $18,900, terms FOB destination, 1/10, n/30. The cost of the goods sold was $13,300.
3 Sold merchandise for $11,350 plus 6% sales tax to retail cash customers. The cost of the goods sold was $7,000.
4 Sold merchandise on account to Empire Co., $55,400, terms FOB shipping point, n/eom. The cost of the goods sold was $33,200.
5 Sold merchandise for $30,000 plus 6% sales tax to retail customers who used MasterCard. The cost of the goods sold was $19,400.
12 Received check for amount due from Equinox Co. for sale on March 2.
14 Sold merchandise to customers who used American Express cards, $13,700. The cost of the goods sold was $8,350.
16 Sold merchandise on account to Targhee Co., $27,500, terms FOB shipping point, 1/10, n/30. The cost of the goods sold was $16,000.
18 Issued credit memo for $4,800 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise returned was $2,900.
Record on page 11 of the journal Mar.
Mar.19 Sold merchandise on account to Vista Co., $8,250, terms FOB shipping point, 2/10, n/30. Added $75 to the invoice for prepaid freight. The cost of the goods sold was $5,000.
26 Received check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18. 28 Received check for amount due from Vista Co. for sale of March 19.
31 Received check for amount due from Empire Co. for sale of March 4.
31 Paid Fleetwood Delivery Service $5,600 for merchandise delivered during March to customers under shipping terms of FOB destination.
Apr. 3 Paid City Bank $940 for service fees for handling MasterCard and American Express sales during March.
15 Paid $6,544 to state sales tax division for taxes owed on sales.
In: Accounting
Bramble Corp. provides security services. Selected transactions
for Bramble Corp. are presented below.
| Oct. 1 | Issued common stock in exchange for $50,000 cash from investors. | |
| 2 | Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15. | |
| 4 | Paid 1 month of rent for building for $2,000. | |
| 7 | Purchased equipment for $14,000, paying $3,000 cash and the balance on account. | |
| 8 | Paid $500 for advertising. | |
| 10 | Received bill for equipment repair cost of $300. | |
| 12 | Provided security services for event for $2,500 on account. | |
| 16 | Purchased supplies for $350 on account. | |
| 21 | Paid balance due from October 7 purchase of equipment. | |
| 24 | Received and paid utility bill for $120. | |
| 27 | Received payment from customer for October 12 services performed. | |
| 31 | Paid employee salaries and wages of $4,001. |
Question: Post the transactions to T-accounts.
I've gotten this problem wrong a few times now, as I don't know where things are supposed to be placed. Some of them are duplicated...??
In: Accounting
Retro Co is an American pharmaceutical corporation that produces medicines and vaccines for a wide range of medical disciplines, including immunology, oncology, cardiology, etc. In 2015, it has expired. Pharma Inc a leading German pharmaceutical corporation. The acquisition costed $1.6 billion and it was made for cash It has resulted in $623 million cost reduction per year. Assume that the values of both Retro Co, and Pharma Inc before acquisition were $15.8 billion and $6.3 billion respectively and that the opportunity cost of capital is 14%.
1. What is the type of this combination?
2. What is the gain from this acquisition?
3. How much cash money was paid by Retro Co. to Pharma Inc.?
4. If Retro Co. had paid $150 in cash for every share of Pharma Inc., how many shares had Pharma Inc., before the acquisition (approximately)?
5. What is the Net Present Value (NPV) of this acquisition?
In: Accounting
unix operating system
create the scripts in your Fedora Server Virtual Machine
1- Open the file lab1 located in the labs directory and create a script that prompts the user to enter name, address and phone #. All entered details are directed to file "info.txt" in the same directory
When display info.txt, it should look like this example:
Name: John Smith
Address: 31-10 Thomson Ave.
Phone: 718-482-0000
2- Open the file lab2 located in the labs directory and create a script to display the logged in user name and user UID
When you execute lab2, the output should look like this example:
Username: root
User ID: 0
In: Computer Science