In: Economics
A 3.3 kg object is pulled by 4 ropes. One rope is used to pull the object 15° North of East with a force of 25 N. A second rope pulls it due south with a force of 15 N. A third pulls the object 22° west of north with a 36 N magnitude. If the object is moving due west with a constant acceleration (a=1.0 m/s^2 ), describe the force (magnitude and direction) applied by the 4th rope.
In: Physics
The following items were selected from among the transactions completed by O’Donnel Co. during the current year:
| Jan. | 10. | Purchased merchandise on account from Laine Co., $396,000, terms n/30. |
| Feb. | 9. | Issued a 30-day, 4% note for $396,000 to Laine Co., on account. |
| Mar. | 11. | Paid Laine Co. the amount owed on the note of February 9. |
| May | 1. | Borrowed $174,000 from Tabata Bank, issuing a 45-day, 4% note. |
| June | 1. | Purchased tools by issuing a $258,000, 60-day note to Gibala Co., which discounted the note at the rate of 7%. |
| 15. | Paid Tabata Bank the interest due on the note of May 1 and renewed the loan by issuing a new 45-day, 6.5% note for $174,000. (Journalize both the debit and credit to the notes payable account.) | |
| July | 30. | Paid Tabata Bank the amount due on the note of June 15. |
| 30. | Paid Gibala Co. the amount due on the note of June 1. | |
| Dec. | 1. | Purchased office equipment from Warick Co. for $400,000, paying $114,000 and issuing a series of ten 4% notes for $28,600 each, coming due at 30-day intervals. |
| 15. | Settled a product liability lawsuit with a customer for 311,500, payable in January. O’Donnel accrued the loss in a litigation claims payable account. | |
| 31. | Paid the amount due Warick Co. on the first note in the series issued on December 1. |
| Required: | |||||||
| 1. | Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. Round your answers to the nearest dollar. | ||||||
| 2. | Journalize the adjusting entry for each of the following
accrued expenses at the end of the current year:
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Journal
1. Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. Scroll down to access page 12 of the journal. Round your answers to the nearest dollar.
PAGE 11
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ACCOUNTING EQUATION
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| 2. | Journalize the adjusting entry for each of the following
accrued expenses at the end of the current year (refer to the Chart
of Accounts for exact wording of account titles):
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PAGE 12
JOURNAL
ACCOUNTING EQUATION
| DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |
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In: Accounting
Tree Top Company is considering raising additional capital for further expansion. The company wants to finance a new business venture into guided trips down the Amazon River in South America. Additionally, the company wants to add another building on their land to offer more services for local customers.
Tree TopCompany plans to raise the capital by issuing $1,400,000 of 7%,seven-year bonds on January 2, 2020. The bonds pay interest semiannually on June 30 and December 31. The company receives $1,398,320 when the bonds are issued. The company also issues a mortgage payable for $400,000 on January 2, 2020. The proceeds from the mortgage will be used to construct the new building. The mortgage requires annual payments of $20,000 plus interest for twentyyears, payable on December 31. The mortgage interest rate is 8%.
Requirement 1. Will the bonds issue at face value, a premium, or a discount?
Tree Top'sbonds will be issued at a discount because
▼
Requirement 2. Record the following transactions. Include dates and round to the nearest dollar. Omit explanations. (Round your answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from any journal entries.)
a. Cash received from the bond issue.
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Date |
Accounts |
Debit |
Credit |
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2020 |
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Jan. 2 |
Cash |
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Discount on Bonds Payable |
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Bonds Payable |
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b. Cash received from the mortgage payable.
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Date |
Accounts |
Debit |
Credit |
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2020 |
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Jan. 2 |
Cash |
400000 |
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Mortgages Payable |
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c. Semiannual bond interest payments for 2020.Amortize the premium or discount using the straight-line amortization method. Start by recording the semiannual bond interest payment on June 30,2020.
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Date |
Accounts |
Debit |
Credit |
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2020 |
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Jun. 30 |
Interest Expense |
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Cash |
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Now record the semiannual bond interest payment on December 31, 2020.
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Date |
Accounts |
Debit |
Credit |
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2020 |
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Dec. 31 |
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d. Payment on the mortgage payable for2020.
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Accounts |
Debit |
Credit |
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2020 |
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Dec. 31 |
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Requirement 3. Calculate the total interest expense incurred in 2020.
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Total 2020 |
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Interest Expense |
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Total |
In: Accounting
The Centers for Disease Control (CDC), a federal agency, conducted a study of childhood obesity across America. The researchers found that obesity rates are growing in the rural south of the USA. In particular, Meadowbrook Elementary School (in Jackson, Mississippi) had the most alarming obesity rates among elementary schools in the USA (with 70% of students qualifying as obese). The school believes that it cannot address this concern on its own because the school is already in a budget crisis as it is. They have been laying off teachers and have cut all funding for physical education, music, and art. The school administrators agree that this is a public health problem, but they see no possible fix because the neighborhood is already so economically disadvantaged.
Meadowbrook administrators lament that they cannot break out of a cycle of disadvantage because the students are so unhealthy that they end up missing school, doing poorly in classes, and then performing unfavorably on standardized testing (which then decreases funding for the school district). In that way, the students’ health may actually be causing the school to lose money (which they certainly can’t afford to lose).
The neighboring town of Smallville, Mississippi houses wealthier families, who pay more in taxes toward the school system. There, the children attend a public school with plenty of resources for physical education, healthy cafeteria meals, and creative outlets.
In: Nursing
ALG Co. is launching a new, innovative product onto
the market and is trying to decide on the
right launch price for the product. The product’s expected life is
three years. Given the high level
of cost which have been incurred in developing the product, ALG Co.
wants to ensure that it sets
its price at the right and has therefore consulted a market
research company to help it do this. The
research, which relates to similar but not identical product launch
by other companies, has reveal
that at a price of Ghc 60, annual demand would be expected to be
250,000 units. However, for
every Ghc 2 increase in selling price, demand would be expected to
fall by 2,000 units and for
every Ghc 2 decrease in selling price, demand would be expected to
increase by 2,000 units.
A forecast of the annual production cost which would be incurred by
ALG Co in relation to the
new product are as follows:
Annual production (units) 200,000 250,000 300,000 350,000
Ghc Ghc Ghc Ghc
Direct material 2,400,000 3,000,000 3,600,000 4,200,000
Direct labour 1,200,000 1,500,000 1,800,000 2,100,000
Overheads 1,400,000 1,550,000 1,700,000 1,850,000
Required:
a. Calculate the total variable cost per unit and total fixed
overheads.
b. Calculate the optimum (profit maximizing) selling
price for the new product and
calculate the resulting profit for the period.
Note: P = a – bx then MR = a – 2bx
The sales director is unconvinced that the sales price calculated
in (b) above is the right one to
charge on the initial launch of the product. He believes that a
price should be charged at the launch
so that those customers prepared to pay a higher price for the
product can be skimmed off first.
Required:
Discuss the conditions which would make market skimming a more
suitable pricing strategy for
ALG Co. and recommend whether ALG Co. should adopt this approach.
Just this part of the question is required with detailed explanation :
Required:
Discuss the conditions which would make market skimming a more
suitable pricing strategy for
ALG Co. and recommend whether ALG Co. should adopt this
approach.
In: Accounting
Paper Co. is a medium-sized manufacturer of sanitary tissue
products based in New York. The
company has been in business for over 43 years, mainly producing
toilet paper and paper towels
that are sold exclusively through its retail network across the
United States. Through the years, it
has been gradually expanding its production capacity and consumer
base. However, over the past
month and a half, the company has been faced with an unprecedented
and unanticipated increase
in demand, which has cleared out all its storage facilities and
exceeded its manufacturing
capabilities. At this time, the demand continues to be high.
The company has an existing storage facility, which can be
converted to a new production line.
The new production line would significantly increase the existing
manufacturing capabilities.
However, this would require a substantial investment in remodeling
of the facility and
purchasing of expensive equipment from a producer in London, UK. To
proceed with this
option, it would be also necessary for Paper Co. to obtain a loan
from a local bank and hire
additional staff. It is estimated that it will take at least one
month for the new production facility
to start producing.
Paper Co. leadership is faced with a dilemma. If they don’t expand
the current capacity, they risk
losing the market share to competitors that are more flexible in
adapting to higher demand. At
the same time, the expansion is very costly and the long-term
demand is uncertain.
You are hired by Paper Co. as a consultant to help make the right
business decision and to come
up with an action plan.
Part A
How would you recommend for Paper Co. to proceed? Should it stay
with the same production
capacity or increase it as described above? Provide a detailed
explanation of the rationale for your recommendation.
Part B
Please describe potential challenges Paper Co. could be facing as a
result of the decision made in
Part A:
1) One month from now
2) Three months from now
3) One year from now
State the challenges and explain how you would recommend Paper Co.
to address each of those
challenges.
In: Operations Management
A very prominent virologist, you decided to play in your laboratory growing different viruses. You have obtained one enveloped, icohahedral positive strand RNA virus. The replication of this virus is insensitive to any nucleic acid synthesis inhibitor you can think of. Your only problem is that the susceptible cells are human lung epithelial cells, which you do not have.
During a recent meeting of the American Society of the Frustrated Virologists, you heard a paper describing how monkey kidney cells (Vero) could be successfully infected with the virus you have. The trick is to co-infect or pre-infect Vero cells with a virus that would cause fusion from without between normal and infected cells.
Back in your Fort, you decide to try this experiment. You have two viruses that can help you, RSV and Sendai virus, both are paramyxoviruses, Which virus will you use?
Be specific when answering the following:
a. Discuss the mechanism that would allow your virus to establish a productive infection, in otherwise non-susceptible cells
b. Will the progeny virions be able to continue infecting Vero cells?
Hint: Fusii\on from without between two cells can occur within 30 minutes following infection with an m.o.i of 5. Such cell fusion is also achieved even if the fusing virus has been inactivated by ultra violet radiation prior to infect
You infected 3,000,000 cells with 9,000,000 pfu of the fusing virus (titer determined before the start of the experiment)
In: Biology
In: Nursing
1*What is SEC, in what way is it related to the establishment of accounting standards and how can it be linked to FASB? How has your role evolved over the years?
2*What is the purpose of the closing process?
3*Archie Co. purchased a framing machine for $45,000 on January 1, 2013. The machine is expected to have a four-year life, with a residual value of $5,000 at the end of four years.
a. Using the straight-line method, depreciation for 2013 and book value at December 31, 2013, would be:
b. Using the double-declining balance method, depreciation for 2013 and book value at December 31, 2013, would be:
c. Using the sum-of-the-years'-digits method, depreciation for 2013 and book value at December 31, 2013, would be:
4* When you prepare the current assets section of the balance sheet under GAAP you see that two of the balance sheets of the bank accounts are negative. Where would you look to determine how these balances should be reported?
a*Rules and procedures of the American Banking Association
b*FASB coding system
c*IFRS pronouncements since negative balances are currently passive
d*None of the above since the balance sheets should be grouped in the balance sheet
5. Which of the following is not one of the steps for the ethical decision analysis model:
a*Identify the consequences of each possible course of action
b*determine the facts within the situation.
c*Consult with the review board (ethics review board) of AICPA
In: Accounting