X Company was created on September 1 and prepares monthly financial statements. During September, X Company issued stock to investors for $98,000, borrowed $83,000 from a bank, bought merchandise that it planned to sell, paying $3,416 and promising to pay $5,166 in October, bought equipment, paying $5,100 and promising to pay $4,800 in December, paid $3,603 that it had promised to pay to suppliers for previous purchases on account, sold merchandise, receiving cash of $16,879 and promises to pay from customers of $4,881; the merchandise that was sold had cost $10,880, paid off a loan for $3,370 [ignore interest], received $3,727 from customers who had promised to pay, paid $5,470 for wages, utilties, and other miscellaneous expenses. 4. What were total assets on September 30 [assume no adjusting entries on September 30]? Tries 0/2 5. What was Net Income in September [assume no adjusting entries on September 30]?

A statistics student who is curious about the relationship between the amount of time students spend on social networking sites and their performance at school decides to conduct a survey. Three research strategies for collecting data are described below. In each, name and discuss the sampling method proposed and any bias you might expect.

He randomly samples 300 students from the study's population, gives them the survey, asks them to fill it out and bring it back the next day. (1 mark).

He gives out the survey only to his friends, and makes sure each one of them fills out the survey. (1 mark).

He posts a link to an online survey on his Facebook wall and asks his friends to fill out the survey. (1 mark).

Victoria University has 1200 students undertaking the unit Introduction to Marketing this semester across three campuses with 900 students enrolled at the Melbourne City Campus, 200 students at the Sydney Campus and 100 students at the Sunway Campus. All lecture notes, teaching and supporting materials are uploaded on the VUCollaborate. The lectures are conducted by three different local lecturers at these campuses. The researcher wants to conduct a survey of 300 students about how satisfied the students are with the unit, and he believes that the campus a student is enrolled at might affect the student’s overall satisfaction with the unit.

Suggest the most appropriate sampling strategy for carrying out this study and any bias you might expect from it. .

Problem 6-1A Perpetual: Alternative cost flows LO P1

[The following information applies to the questions displayed below.]

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Required:
1. Compute cost of goods available for sale and the number of units available for sale.
2. Compute the number of units in ending inventory.
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 200 units from the March 5 purchase; the March 29 sale consisted of 50 units from the March 18 purchase and 90 units from the March 25 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 200 units from the March 5 purchase; the March 29 sale consisted of 50 units from the March 18 purchase and 90 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

If the spot rate for Swiss Francs versus US Dollars is one SF equals 1.1 US $, and the annual interest rate on fixed rate one-year deposits of SF is 0.5% and for US$ is 2%, what is the nine-month forward rate for one dollar in terms of SF? Assuming the same interest rates, what is the 18-month forward rate for one SF in US$? Is this an indirect or direct rate? If the forward rate is an accurate predictor of exchange rates, in this case will the SF get stronger or weaker against the US dollar? What does this indicate about the market’s inflation expectations in Switzerland compared to the US?

The Hart Company sells and delivers office furniture in Sudbury. Here are the costs associated with the acquisition and operation (on an annual basis) of a delivery truck.

* depending on the service life

Work to do :

a) Suppose the Hart Company bought a truck and it drove 50,000 kilometers in the first year. Calculate the average cost per kilometer of owning and operating this truck.

b) At the start of the second year, the company wonders whether it should continue to use the truck or leave it in the garage and entrust all its deliveries to specialist companies. (The government requires payment of license fees for vehicles even if they are not in use.) What costs from the previous list are relevant to this decision? Explain your answer.

c) Suppose the company decides to use the truck in the second year. Towards the end of the year, she receives an order from a customer who lives more than 1,000 kilometers away. Which costs from the previous list are relevant in the decision to use the truck to make the delivery or to entrust this task to a specialized company? Explain your answer.

d) Sometimes the company needs two trucks at the same time. Management is considering the possibility of purchasing a second. The total number of kilometers driven would be the same as for one of these vehicles. Which costs from the previous list are relevant in deciding whether or not to buy this second truck? Explain your answer.

Answer all the questions please

The Hart Company sells and delivers office furniture in Sudbury. Here are the costs associated with the acquisition and operation (on an annual basis) of a delivery truck.

* depending on the service life

Work to do :

a) Suppose the Hart Company bought a truck and it drove 50,000 kilometers in the first year. Calculate the average cost per kilometer of owning and operating this truck.

b) At the start of the second year, the company wonders whether it should continue to use the truck or leave it in the garage and entrust all its deliveries to specialist companies. (The government requires payment of license fees for vehicles even if they are not in use.) What costs from the previous list are relevant to this decision? Explain your answer.

c) Suppose the company decides to use the truck in the second year. Towards the end of the year, she receives an order from a customer who lives more than 1,000 kilometers away. Which costs from the previous list are relevant in the decision to use the truck to make the delivery or to entrust this task to a specialized company? Explain your answer.

d) Sometimes the company needs two trucks at the same time. Management is considering the possibility of purchasing a second. The total number of kilometers driven would be the same as for one of these vehicles. Which costs from the previous list are relevant in deciding whether or not to buy this second truck? Explain your answer.

Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows:

1. Rebuilt and delivered five pianos in January to customers who paid $19,000 in cash.
2. Received a $600 deposit from a customer who wanted her piano rebuilt.
3. Rented a part of the building to a bicycle repair shop; received $850 for rent in January.
4. Received $7,200 from customers as payment on their accounts.
5. Received an electric and gas utility bill for $400 to be paid in February.
6. Ordered $960 in supplies.
7. Paid $2,300 on account in January.
8. Received from the home of Stacey Eddy, the major shareholder, a $920 tool (equipment) to use in the business in exchange for 100 shares of $1 par value stock.
9. Paid $16,500 in wages to employees who worked in January.
10. Declared and paid a $2,200 dividend (reduce Retained Earnings and Cash).
11. Received and paid cash for the supplies in (f).

. Enter the following transactions for January of the second year into the T-accounts, using the letter of each transaction as the reference: