The following data were selected from the records of Sykes Company for the year ended December 31, Current Year. Balances January 1, Current Year Accounts receivable (various customers) $ 117,000 Allowance for doubtful accounts 6,000 In the following order, except for cash sales, the company sold merchandise and made collections on credit terms 4/10, n/30 (assume a unit sales price of $700 in all transactions and use the gross method to record sales revenue). Transactions during Current Year

Sold merchandise for cash, $248,000.

Sold merchandise to R. Smith; invoice price, $11,500.

Sold merchandise to K. Miller; invoice price, $23,000.

Two days after purchase date, R. Smith returned one of the units purchased in (b) and received account credit.

Sold merchandise to B. Sears; invoice price, $26,000.

R. Smith paid his account in full within the discount period.

Collected $99,000 cash from customer sales on credit in prior year, all within the discount periods.

Miller paid the invoice in (c) within the discount period.

Sold merchandise to R. Roy; invoice price, $20,500.

Three days after paying the account in full, K. Miller returned seven defective units and received a cash refund.

After the discount period, collected $6,000 cash on an account receivable on sales in a prior year.

Wrote off a prior year account of $5,000 after deciding that the amount would never be collected.

The estimated bad debt rate used by the company was 1.0 percent of credit sales net of returns.

Appliance Center is an experienced home appliance dealer. Appliance Center also offers a number of services for the home appliances that it sells. Assume that Appliance Center sells ovens on a standalone basis. Appliance Center also sells installation services and maintenance services for ovens. However, Appliance Center does not offer installation or maintenance services to customers who buy ovens from other vendors. Pricing for ovens is as follows.

In each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. Additionally, the incremental amount charged by Appliance Center for installation approximates the amount charged by independent third parties. Ovens are sold subject to a general right of return. If a customer purchases an oven with installation and/or maintenance services, in the event Appliance Center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $800.

Assume that a customer purchases an oven with both installation and maintenance services for $1,020. Based on its experience, Appliance Center believes that it is probable that the installation of the equipment will be performed satisfactorily to the customer. Assume that the maintenance services are priced separately (i.e., the three components are distinct).

(b) Indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract. (Do not round intermediate calculations. Round final answers to 2 decimal places.)

Prepare adjusting entries.

A review of the ledger of Monkey Ltd at 30 June 2019 produced the following data relating to the preparation of annual adjusting entries:

1. Prepaid insurance $37260: the entity has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the building was purchased on 1 January 2018 for $33300. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on 1 July 2018 for $9510. This policy has a term of 2 years.

2. Subscriptionrevenue received inadvance $135200:theentitybegan sellingmagazine subscriptions on 1 April 2019 on an annual basis. The selling price of a subscription is $130. A review of subscription contracts reveals the following:
Subscription start date Number of subscriptions

1 April 200

1 May 300

1 June 540

1040
The annual subscription is for 12 monthly issues. The June magazine for all of the subscriptions had been delivered to the subscribers at 30 June 2019.

3. Bank loan $100000: the loan was taken out on 1 April at an annual interest rate of 6%.

4. Salaries payable: There are eight salaried employees. Salaries are paid every Friday for the current week. Four employees receive a salary of $1050 each per week, and three employees earn $1350 each per week. 30 June is a Tuesday. Employees do not work on weekends. All employees worked the last 2 days of June.

Required

(a) Prepare the adjusting journal entries at 30 June 2019.

(b) Explain why the business would not recognise the full subscription revenue when the customers sign up for the magazines and pay for the subscription.

Briefly discuss the fundamental differences between a multiple regression model, an analysis of variance model and an analysis of covariance model. Be sure to provide concrete examples of problems that represent the three types of models.

Q1: Explain the difference between absolute advantage and comparative advantage. Q2: Who Gains from trade and who loses? Q3: Name and Define three policy tools for enacting protectionism

The current healthcare system may exhibit the characteristics of living in the in between. Assuming this is true, discuss three reasons why healthcare organizations should be concerned about the spiritual health of its employees.

3) Define a life table and describe each column of a life table? What are the three main types of survivorship curves? What are the differences between r-selected and K-selected species?

What is the difference between GNP and GDP? Why goods and services are counted at market price? Discuss. Also define three approaches of measuring national income? Why they give identical results?

1. Given an array ? of ? integers. Divide ? into three subsets such that the total absolute difference of subset sums between them is minimum. Provide python source code, time complexity, and pseudocode. thank you

There are three approaches to managing working capital – Aggressive, Conservative, and Balanced. Briefly explain the differences between these approaches. If your business’s sales are very volatile, which approach would be best and why?