NewTech Medical Devices is a medical devices wholesaler that commenced business on June 1, 2019. NewTech Medical Devices purchases merchandise for cash and on open account. In June 2019, NewTech Medical Devices engaged in the following purchasing and cash payment activities:
| DATE | TRANSACTIONS | |
| 2019 | ||
| June | 1 | Issued Check 101 to purchase merchandise, $3,800. |
| 3 |
Purchased merchandise for $1,350 from BioCenter Inc., Invoice 606; terms 2/10, n/30. |
|
| 5 |
Purchased merchandise for $5,150, plus a freight charge of $100, from New Concepts Corporation, Invoice 1011, terms 2/10, n/30. |
|
| 9 |
Paid amount due to BioCenter Inc. for purchase of June 3, less discount, Check 102. |
|
| 10 |
Received Credit Memorandum 227 from New Concepts Corporation for damaged merchandise totaling $350 that was returned; the goods were purchased on Invoice 1011, dated June 5. |
|
| 11 |
Purchased merchandise for $1,610 from BioCenter Inc., Invoice 612; terms 2/10, n/30. |
|
| 14 |
Paid amount due to New Concepts Corporation for Invoice 1011 of June 5, less the return of June 10 and less the cash discount, Check 103. |
|
| 15 |
Purchased merchandise with a list price of $8,500 and trade discounts of 20 percent and 15 percent from Park Research, Invoice 1029, terms n/30. |
|
| 20 | Issued Check 104 to purchase merchandise, $2,300. | |
| 25 |
Returned merchandise purchased on June 20 as defective, receiving a cash refund of $210. |
|
| 30 |
Purchased merchandise for $2,500, plus a freight charge of $78, from New Concepts Corporation, Invoice 1080; terms 2/10, n/30. |
|
Required:
Journalize the transactions in a general journal.
Analyze:
What was the amount of trade discounts received on the June 15
purchase from Park Research?
Issued Check 101 to purchase merchandise, $3,800.
Note: Enter debits before credits.
|
Purchased merchandise for $1,350 from BioCenter Inc., Invoice 606; terms 2/10, n/30.
Note: Enter debits before credits.
|
Purchased merchandise for $5,150, plus a freight charge of $100, from New Concepts Corporation, Invoice 1011, terms 2/10, n/30.
Note: Enter debits before credits.
|
Paid amount due to BioCenter Inc. for purchase of June 3, less discount, Check 102.
Note: Enter debits before credits.
|
Received Credit Memorandum 227 from New Concepts Corporation for damaged merchandise totaling $350 that was returned; the goods were purchased on Invoice 1011, dated June 5.
Note: Enter debits before credits.
|
Purchased merchandise for $1,610 from BioCenter Inc., Invoice 612; terms 2/10, n/30.
Note: Enter debits before credits.
|
Paid amount due to New Concepts Corporation for Invoice 1011 of June 5, less the return of June 10 and less the cash discount, Check 103.
Note: Enter debits before credits.
|
Purchased merchandise with a list price of $8,500 and trade discounts of 20 percent and 15 percent from Park Research, Invoice 1029, terms n/30.
Note: Enter debits before credits.
|
Issued Check 104 to purchase merchandise, $2,300.
Note: Enter debits before credits.
|
Returned merchandise purchased on June 20 as defective, receiving a cash refund of $210.
Note: Enter debits before credits.
Purchased merchandise for $2,500, plus a freight charge of $78, from New Concepts Corporation, Invoice 1080; terms 2/10, n/30. Note: Enter debits before credits.
Analyze What was the amount of trade discounts received on the June 15 purchase from Park Research?
|
In: Accounting
If United Snack Company has an annual interest of $18,000. calculate the degree of financial leverage at 20,000 and 25,000 bags. with a cost of $26 per bag. 50lb bags at $0.18 per bag variable cost and $244 800 fixed cost of operation.
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Q1. What is the difference between a national culture and an organizational culture?
Q2. Briefly Describe the United Nations Global Contract.
Q3. Do you think J. Biden (and son) are in compliance with the U.S. Corrupt Practices Act?
Explain your answer.
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Take one corporation, any one of your choice. Explain what the COVID-19 means for its business. Negative effects may include Boeing, United Airlines, Cheesecake Factory and others. Positives include Johnson and Johnson, 3M and others.
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Chapter 4
A 60-year-old woman enjoys orienting new young women and men at work. She thoroughly enjoys being a teacher and mentor and thinks she should pass down her legacy of knowledge, wisdom, and skills to the younger generation.
A. generativity.
B. ego integrity.
C. identification.
D. valuing wisdom
A. True
B. False
A. True
B. False
Chapter 2
The gerontological nurse uses the Heritage Assessment tool as part of an integral component of a complete physical and health assessment. An 86-year-old Asian American woman tells the gerontological nurse she immigrated to the United States from China in 1940. The woman speaks English but has lived in a Chinese neighborhood since she arrived in the United States.
A. the patient will have special needs because she practices Buddhism.
B. the care that the family provides for the patient will be more important to her than the care the gerontological nurse provides.
C. the patient should be questioned with regard to health practices she uses that may be different from those of the American culture.
D. because the patient has lived in the United States for many years, it will not be necessary to make special considerations in her care.
A. greater diversity will be apparent.
B. there will be little difference among various groups.
C. few individuals will speak a language other than English.
D. full assimilation will be completed.
A. Cultural blindness
B. Ethnocentrism
C. Disparities
D. Stereotyping
Chapter 7
A 69-year-old woman has been hospitalized for a planned surgical procedure. She had a total knee replacement because of degenerative joint disease. She is about to be discharged home with home health physical therapy. The discharge planner approaches her to discuss her options. She is very concerned about how the services will be paid for because she is living on a fixed income with only her Social Security benefits. Her primary insurance is Medicare.
A. True
B. False
Chapter 26
A 69-year-old man recently retired from the refinery. He is not very happy about being in retirement, but his health deteriorated to the point that he could no longer continue to work. He and his wife (68 years old) have been married for 51 years. They have three children and seven great-grandchildren, but all live out of state.
Over the past year, however, the wife has experienced significant health issues, including being diagnosed with hypertension, type 2 diabetes, and being 30 lb overweight. The husband has been experiencing increased levels of stress in response to the constant demands placed on him as the primary caregiver to his wife.
The husband is visiting his wife who is in a subacute care facility undergoing rehabilitation for physical weakness resulting from a stroke. The gerontological nurse finds the man lying in bed with his wife, caressing her.
A. telling the husband that his behavior could upset or harm his wife.
B. asking the husband to leave because his behavior is not acceptable.
C. closing the door and ensuring that the couple is not disturbed for as long as possible.
D. informing the client and her husband that behavior appropriate in the home is not appropriate in a health care facility.
A. Sexuality is important as long as one is not institutionalized.
B. One’s sexuality can give meaning to life and bolster security, belonging, and esteem.
C. The sexual emphasis in later life is on procreation.
D. One cannot possess sexual health if widowed.
A. Grandparenthood is an outdated role since the industrial revolution.
B. The role of parent is usually subordinate to the grandparent role.
C. In recent years, grandparents often have become the primary caregivers of their grandchildren.
D. Grandparents tend to be less involved with their grandchildren than are great-grandparents with their great-grandchildren.
Chapter 10
A 76-year-old Hispanic woman is seen at the clinic where she is diagnosed with protein malnutrition. She is 5’1” tall and weighs 94 lb.
A. ask the older adult to describe her typical dietary intake.
B. focus on the use of protein combinations of beans and rice.
C. stress the need for using liquid protein supplements.
D. encourage the older adult to increase milk and meat intake as primary protein sources.
A. “Are you taking any medications that alter your taste or tolerance of foods?”
B. “Do you have a history of any mal-absorption diseases?”
C. “Can you give me an example of what you normally eat throughout the day?”
D. “Do you have a way to get to a grocery store to buy your food?”
Chapter 14
A 76-year-old female client is transferred to the cardiac surgery unit from the cardiac intensive care unit (ICU). She had an aortic valve replacement with a mechanical valve and a two-vessel coronary artery bypass graft (CABG) 12 days ago, which was complicated by an intraoperative left cerebrovascular accident (CVA). Her postsurgical course was complicated by delirium while she was in the ICU, and she is now taking Ativan around the clock. Her nursing admission assessment documents that she was alert and oriented to person, place, time, and situation and independent in all activities of daily living (ADLs). She has a past medical history of hypertension, atrial fibrillation, and congestive heart failure (CHF).
On admission to the cardiac surgery unit, you note that she is oriented to person only; needs maximum assistance with ADLs; and needs a two-person assist to get out of bed to the chair and to the bedside commode, which means she is incontinent because it takes too long to get to the commode. The transfer summary states that she needs to be fed and that she consumes approximately 50% of her meals. The only significant changes in her medical condition are worsened CHF, requiring an increase in her diuretic. Her medications include Lasix, digoxin, captopril, and Tylenol for pain. Her skin assessment reveals the following: stage III pressure ulcer on her sacrum, eschar on left heel, and a right heel that feels “boggy” to touch. Her Braden Scale score is 13.
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Busch Corporation has an existing loan in the amount of $6 million with an annual interest rate of 6.0%. The company provides an internal company-prepared financial statement to the bank under the loan agreement. Two competing banks have offered to replace Busch Corporation’s existing loan agreement with a new one. United National Bank has offered to loan Busch $6 million at a rate of 5.0% but requires Busch to provide financial statements that have been reviewed by a CPA firm. First City Bank has offered to loan Busch $6 million at a rate of 4.0% but requires Busch to provide finan- cial statements that have been audited by a CPA firm. Busch Corporation’s controller approached a CPA firm and was given an estimated cost of $35,000 to perform a review and $60,000 to perform an audit. a. Explain why the interest rate for the loan that requires a review report is lower than that for the loan that does not require a review.
QUESTIONS
A.Explain why the interest rate for the loan that requires an audit report is lower than the interest rate for the other two loans.
b. Calculate Busch Corporation’s annual costs under each loan agreement, including in- terest and costs for the CPA firm’s services. Indicate whether Busch should keep its existing loan, accept the offer from United National Bank, or accept the offer from First City Bank.
c. Assume that United National Bank has offered the loan at a rate of 4.5% with a re- view, and the cost of the audit has increased to $80,000 due to new auditing standards requirements. Indicate whether Busch should keep its existing loan, accept the offer from United National Bank, or accept the offer from First City Bank.
d. Discuss why Busch may desire to have an audit, ignoring the potential reduction in interest costs.
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The CEO of Zoidle held a press conference stating that he was proud of his company for taking advantage of tax loopholes and for sheltering profits in other nations to avoid paying taxes. He called this practice “capitalism at its finest.” He further stated that it would be unethical for Zoidle not to take advantage of loopholes and that it would be verging on illegal to tell shareholders that the company paid more taxes than it had to pay because it felt that it should.
Zoidle receives significant benefits for doing business in the United Kingdom, including tremendous sales tax exemptions and some property tax breaks. The United Kingdom relies on the corporate income tax to provide services to the poor and to help run the agency that regulates corporations. Is it ethical for Zoidle to avoid paying taxes? Why or why not?
PLEASE FORMAT IT LIKE THIS:
FACTS- (This should be real easy- they come right from the book)
ISSUE- (What is the dispute between the parties? What is question to be discussed?)
LAW- (What is the applicable law?) Research the law in the chapter, cite and define/explain which laws are applicable.
DISCUSSION- (This is your analysis-include major and minor points and opposing points of view or counterpoints to add depth to your analysis. Remember, use proper paragraphs. Submissions should be at least 2/3 paragraphs.)
CONCLUSION -(Sometimes referred to as the Resolution-I should be able to know your conclusion by the way your framed your issue and by your Discussion-go back to your Issue- see if you answered the question(s) posed in a sentence or two at best.)
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Compare the effects of the minimum wage in states with minimum wage laws significantly different from the national minimum wage.
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