Questions
Grouper Company began operations on January 2, 2019. It employs 9 individuals who work 8-hour days...

Grouper Company began operations on January 2, 2019. It employs 9 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows.

Actual Hourly
Wage Rate

Vacation Days Used
by Each Employee

Sick Days Used
by Each Employee

2019

2020

2019

2020

2019

2020

$8 $9 0 9 4 5


Grouper Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned.

Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2019 and 2020.

2019

2020

Vacation Wages Payable

$enter a dollar amount $enter a dollar amount

Sick Pay Wages Payable

$enter a dollar amount $enter a dollar amount

In: Accounting

On January 31, 2020, the manufacturing facility of a medium-sized company was severely damaged by an...

On January 31, 2020, the manufacturing facility of a medium-sized company was severely damaged by an accidental fire. As a result, the company's direct materials, work in process, and finished goods inventories were destroyed. The company did have access to certain incomplete accounting records, which revealed the following:1.Beginning inventories, January 1, 2020:

Direct materials

$32,000

Finished goods

30,000

Work in process

68,000

2.Key ratios for the month of January 2020:

Gross profit = 20% of sales

Prime costs = 70% of manufacturing costs

Factory overhead = 40% of conversion costs

Ending work in process is always 10% of the monthly manufacturing costs.

3.All costs are incurred evenly in the manufacturing process.

4.Actual operations data for the month of January 2020:

Sales

$900,000

Direct labour incurred

360,000

Direct materials purchases

320,000

Instructions

a.  From the above data, reconstruct a cost of goods manufactured schedule.

CGM $788,000

b.  Calculate the total cost of inventory lost, and identify each category where possible (direct materials, work in process, and finished goods), at January 31, 2020.

Total $330,000

In: Accounting

Reporting on Discontinued Operations—Disposal in Current Year On August 1, 2020, Fischer Inc. decided to discontinue...

Reporting on Discontinued Operations—Disposal in Current Year

On August 1, 2020, Fischer Inc. decided to discontinue the operations of its Services Division, which qualifies as a business component. An agreement was formalized to sell this component for $436,800 cash. The book value of the assets of the Services Division was $504,000. The disposal date was August 1, 2020. The income tax rate is 25%, and the accounting year-end is December 31. On December 31, 2020, the pretax income from all operations, including an operating loss of $56,000 incurred by the Services Division prior to August 1, 2020, was $1,120,000. There were 150,000 weighted average common shares outstanding during 2020.

Required

Prepare a partial income statement beginning with income from continuing operations. Include the earnings per share disclosures.

  • Use a negative sign to indicate a loss.
  • Round the per share amounts to two decimal places.
Answer
Answer
Discontinued operations

Answer

Answer

Loss on disposal of discontinued component, net of tax savings

Answer
Answer
Answer
Per share:

Answer

Answer

Answer

Answer

Loss on disposal of discontinued component, net of tax savings

Answer

Answer

Answer

In: Accounting

Write a C program that will read different data types from the following file and store...

Write a C program that will read different data types from the following file and store it in the array of structures.

Given file: (This file have more than 1000 lines of similar data):

time latitude longitude depth mag magType nst gap dmin
2020-10-19T23:28:33.400Z 61.342 -147.3997 12.3 1.6 ml 12 84 0.00021
2020-10-19T23:26:49.460Z 38.838501 -122.82684 1.54 0.57 md 11 81 0.006757
2020-10-19T23:17:28.720Z 35.0501667 -117.6545 0.29 1.51 ml 17 77 0.1205
2020-10-19T22:47:44.770Z 38.187 -117.7385 10.8 1.5 ml 15 100.22 0.049
2020-10-19T22:42:26.224Z 54.4198 -159.9943 18.7 2.9 ml

Create a structure like below and make an array of structures in the main C file and store the data based on their data types.

struct data

{

   char time[100];

   float latitude;

   float longitude;

   float depth;

   float mag;

   char magType[5];

   char nst[5];

   int gap;

   float dmin;

};

In: Computer Science

Structure and makeup of Congress in 1789 and in 2020

Structure and makeup of Congress in 1789 and in 2020

In: Operations Management

F6: The Logic of Individual Choice 28 28 unread replies. 28 28 replies. Joseph Gallo, the...

F6: The Logic of Individual Choice 28 28 unread replies. 28 28 replies. Joseph Gallo, the founder of the famous wine company that bears his name, said that when he first started selling wine right after Prohibition (laws outlawing the sale of alcohol), he poured two glasses of wine from the same bottle and put a price of 10 cents a bottle on one and 5 cents a bottle on the other. He allowed people test both and asked them which they wanted. Most wanted the 10-cent bottle, even though they were the same wine. What does thus tell us about people? Can you think of other areas where that may be the case? What does this suggest about pricing? Is the rational choice theory still applicable in this case?

name of the book: Economics 9th edition

IT MUST BE 250 WORDS VERY IMPORTANT PLEASE

In: Economics

Include all the information below about Skin color and sun exposure : ( its genetic mutation(s),...

Include all the information below about Skin color and sun exposure : ( its genetic mutation(s), and the evolutionary mechanisms via which your trait came to differ between populations)

What is the trait called colloquially and scientifically?

What are the hallmarks or characteristics? ?

What mutation(s) causes the trait in your population of interest?

Name of allele? Gene? Type of mutation? ?

What are the differences in frequencies of your trait between the two populations, or, which alleles are characteristic of each population? ?

Are there aspects of this trait that could alter the fitness of the population?

Was the trait selected for or against? What about the environment caused this selection? ?

Did migration, bottlenecking, or the founder effect play pivotal roles in the prevalence of your trait? ?

Were there any types of selective breeding that contributed to the difference in frequency between populations. ?

Is there evidence that interactions with other, pre-existing genes, played a role in the emergence or extinction of your trait within each population?

In: Biology

Include all the information below about Blonde hair (Melanesia vs. Europe) : ( its genetic mutation(s),...

Include all the information below about Blonde hair (Melanesia vs. Europe) : ( its genetic mutation(s), and the evolutionary mechanisms via which your trait came to differ between populations)

What is the trait called colloquially and scientifically?

What are the hallmarks or characteristics? ?

What mutation(s) causes the trait in your population of interest?

Name of allele? Gene? Type of mutation? ?

What are the differences in frequencies of your trait between the two populations, or, which alleles are characteristic of each population? ?

Are there aspects of this trait that could alter the fitness of the population?

Was the trait selected for or against? What about the environment caused this selection? ?

Did migration, bottlenecking, or the founder effect play pivotal roles in the prevalence of your trait? ?

Were there any types of selective breeding that contributed to the difference in frequency between populations. ?

Is there evidence that interactions with other, pre-existing genes, played a role in the emergence or extinction of your trait within each population?

In: Biology

QUESTION 11 A 1X liquidation preference would give the Venture Capital Fund the right to the...

QUESTION 11

A 1X liquidation preference would give the Venture Capital Fund the right to the recovery of 100% of their investment before any distributions are made to other shareholders of the company.

True

False

QUESTION 12

Venture capitalists rely on preferred stock in a company to skew investment returns in their favor relative to the owners of the common stock, gain a disproportionate level of control of key decisions relative to the common shareholders and ensure that their interests are aligned with the founders.

True

False

QUESTION 13

The term sheet between an investors and founder is a legally binding agreement.

True

False

QUESTION 14

The term sheet between a venture capital company and the founders of a venture give control of the company to the venture capitalists.

True

False

QUESTION 15

One thing that entrepreneurs seek to get from a term sheet is sufficient capital to bring the venture to the next business milestone while giving up as little of the company as possible.

True

False

In: Operations Management

Do you believe it is good that there are no trade barriers within the states of...

Do you believe it is good that there are no trade barriers within the states of the U.S.? Even though wages and cost of production are lower, sometimes much lower, in other states is it good we continue this free trade?

In: Economics