Prepare journal entries.

For each of the following, is the solution acidic, basic, neutral, or cannot be determined? For each, write the equation for the dominant equilibrium which determined the pH, and justify your pH prediction. Kw = 1.0 x 10-14

100 mL of 0.10 M NaH3P2O7; Ka1 = 3.0 x 10-2, Ka2 = 4.4 x 10-3, Ka3 = 2.5 x 10-7, and Ka4 = 5.6 x 10-10 for H4P2O7.

100 mL of 0.10 M K2H2P2O7; see Part a for Ka values

100 mL of 0.10 M Li3HP2O7; see Part a for Ka values

100 mL of 0.10 M Na4P2O7; see Part a for Ka values

100 mL of 0.10 M C9H7N; Kb = 6.3 x 10-10 for C9H7N

100 mL of 0.10 M Ba(ClO4)2

100 mL of 0.10 M CH3CH2OH

On 12/31/18, Company ABC buys 100 share in Walmart for $93.15. The following is a list of share prices for Walmart throughout 2019:

Assuming that ABC classifies the investment as a trading security, what will be the value that it reports on its 12/31/19 balance sheet, the gain/loss that it reports on its Q4 2019 incomes statement, and the gain/loss that it reports on its incomes statement for the year ended 12/31/19?

Question 3 options:

We had to make a "multipath adventure" for our C++ class. I chose to do one on the basic steps to go through if your car doesn't start. (I did it before I found out we would have to code it. Big mistake.) Here's the code to mine:

#include
#include
using namespace std;

int main() {
string userChoice;

cout << "You wake up one morning to go to school, and you're car won't start. Do you: " << endl;
cout << "a) Check for electrical problems, " << endl;
cout << "b) Check for fuel problems, " << endl;
cout << "c) Check for ignition problems, " << endl;
cout << " or d) Check for air flow problems? " << endl;


cin >> userChoice;
if (userChoice == "a") {
cout << "Electrical: Do you start by trying to turn the engine over? Type \"a\" for yes and \"b\" for no." << endl;
  
cin >> userChoice;
if (userChoice == "a") {
cout << "The engine does not turn over at all. There is only a clicking noise. Type \"a\" to use the multimeter" << endl;

cin >> userChoice;
if (userChoice == "a") {
cout << "Using a multimeter, you check the battery charge. It's dead. Do you \"a\" replace the battery or \"b\" try a jump start?" << endl;

cin >> userChoice;
if (userChoice == "a") {
cout << "You replace the battery. The car runs fine on the way home, but when you come back to start it again, it's dead. Type \"a\" to test the alternator" << endl;

cin >> userChoice;
if (userChoice == "a") {
cout << "You test the alternator. You see that it is most likely bad, or there is parasitic draw. Do you \"a\" replace the alternator, or \"b\" test for parasitic draw?" << endl;
  
cin >> userChoice;
if (userChoice == "a") {
cout << "You replace the alternator. Good for you! Your car starts up every time now. The end." << endl;
}
  
  
}
else if (userChoice == "b") {
cout << "You test the wiring, but there is no draw. At least you know that your wires are in good condition! Type \"a\" to replace the alternator." << endl;

cin >> userChoice;
if (userChoice == "a") {
cout << "You replace the alternator. Good for you! Your car starts up every time now. The end." << endl;
}
}

}
}
else if (userChoice == "b") {
cout << "You jump start the car, but as it runs, you see the voltage dropping again. Game Over. Try again!" << endl;
}
}
  
}
else if (userChoice == "b") {
cout << "You immediatley check the battery to see if it's dead. It seems to be that way. Maybe you should've tried starting the engine just to be sure. Game over! Try again." << endl;
}

else if (userChoice == "b") {
cout << "You turn the key and hear the fuel pump whine. That means the issue most likely isnt the fuel pump." << endl;
cout << "To check the injectors, type \"a\". To check the fuel lines, type \"b\". " << endl;

cin >> userChoice;
if (userChoice == "a") {
cout << "You check the injectors using a screwdriver. You hear them clicking, meaning they are probably functioning properly. The engine is getting fuel. This isnt the problem. Try again!" << endl;
}
  
else if (userChoice == "b") {
cout << "Well, you just added another 30 minutes disassembling and reassembling your fuel. No problems here. If you had just check the injectors you would've known that...." << endl;
cout << "Game Over! Try again!" << endl;
}
}

else if (userChoice == "c") {
cout << "You pull each spark plug one by one. Each of them are sparking. None of them are rusted. No issues here. Game over! Try Again!" << endl;
  
}

else if (userChoice == "d") {
cout << "Do you start with the intake manifold? Type \"a\" for yes and \"b\" for no." << endl;

cin >> userChoice;
if (userChoice == "a") {
cout << "You spend another 30 minutes pulling the intake manifold apart. Nothing blocking here. Try again!" << endl;
}
else if (userChoice == "b") {
cout << "You instead check the air filter. It's still looking clean. The problem isnt air flow! Try again!" << endl;
}
  
}

else {
cout << "Invalid Entry" << endl;
}

return 0;
}

Now its telling us to add other things into it:

"Modify your Multipath Adventure from the previous lab to include loops. The criteria by which you will be graded are listed under "Deductions Graded by TAs". We suggest that you fulfill the requirements by doing the following:

• Use a while loop to enable the player to play your game multiple times
• Create an input function that utilizes a loop to prompt for and validate user input
  • Takes a prompt (string) as the argument
  • Returns the valid input (string)
• Use at least 1 for loop
  • Consider using for loop(s) to draw box or stars around prompt in your input function (see above)
• Use at least 1 instance of rand()

(If your code already fulfilled these, then you are done!)

If you need to, you can adjust the decision tree as you are programming. Resubmit the final decision tree with the lab submission quiz.

Note that you are allowed to use concepts we have not covered in class if you would like to. This might also help you in preparing for future labs.

As part of grading your lab, the TAs will randomly pick 2 paths through your decision tree to check your work. They will reference your submitted decision tree to choose the paths and make sure that when they run your code it takes them through the path as specified in your decision tree.

To make your game easier to play (and thus make it easier for the TAs to grade) you should provide prompts before each input that make clear what inputs are valid.

• You must adhere to the style guidelines. (up to 10 points)
• Your code must meet all of the Special Requirements from the previous Multipath Adventure Lab
  • It is fine if you re-organize your code and have different paths or functions than you did in Lab 4, but make sure that you still meet the requirements as listed in Lab 4.
  • If you re-organize your code, make sure to also update your Decision Tree
  • Make sure to review the deductions listed in the previous lab and any feedback you received to avoid losing points here.
• You must have at least 1 for loop in your code (15 points)
  • The for loop must actually be used as a loop, and it must have real effect in your program (it is theoretically possible to use the for loop syntax without actually using it as a loop or creating any real effect, but if you do this you will lose points)
• You must have at least 1 while loop in your code (15 points)
  • The note on for loops above applies equally to this deduction regarding while loops
• You must have at least 1 instance of rand() in your code (5 points)
  • Your use of rand() must have real effect in your program (it is possible to use rand() to generate a random number without actually using the random number, but if you do this you will lose points)"

Im so lost...

I made the decision tree before I had to code it. We can cut down on the number of decisions and branches if needed, just as long as it fulfills the above requierments.

14. According to the class overheads and basic ethics, which one of the following assertions about insider trading, which is against the law, is true?

A. Insider trading is legal and should be considered as a potential approach to investing
B. Insider trading is legal and should not be considered as a potential approach to investing

C. Insider trading is illegal and should be considered as a potential approach to investing
D. Insider trading is illegal and should not be considered as a potential approach to investing

9. The managers of New England Singers have evaluated five potential projects. Each project has conventional cash flows. Based on the information given in this paragraph and presented in the table, which one of the projects is the safest?

A. Project A

B. Project B

C. Project C

D. Project D

E. Project E

New England Singers is considering buying a new, high efficiency sound system. The new system would be purchased today for $86,000. It would be depreciated straight-line to $24,000 over 2 years. In 2 years, the system would be sold and the after-tax cash flow from capital spending in year 2 would be $27,000. The system is expected to reduce costs by $23,000 in year 1 and by $73,000 in year 2. If the tax rate is 50% and the cost of capital is 6.7%, what is the net present value of the new sound system project?

A. $7,377 (plus or minus $100)
B. $8,695 (plus or minus $100)
C. -$15,021 (plus or minus $100)
D. $19,588 (plus or minus $100)

E. None of the above is within $10 of the correct answer

You own a portfolio that has a total value of $37,000. The portfolio has 3,000 shares of stock A, which is priced at $8.00 per share and has an expected return of 9.70%. The portfolio also has 2,000 shares of stock B, which has an expected return of 17.20%. Inflation is expected to be 4.98% and the risk-free return is 3.52%. What is the risk premium for your portfolio?

A. 8.82% (plus or minus 0.05 percentage points)

B. 7.36% (plus or minus 0.05 percentage points)

C. 7.01% (plus or minus 0.05 percentage points)

D. 9.18% (plus or minus 0.05 percentage points)

E. The question cannot be answered without knowing the share price of stock B or the question can be answered without knowing the share price of stock B, but none of the above is within 0.05 percentage points of the correct answer

The Director of Annie Smith Dance Center is asking for assistance with the financial aspects of running a professional group of performers. She wants financial information presented in an easy to read format and a better understanding of the profitability of the concerts and the organization as a whole.

The Annie Smith professional group features three styles of dance concerts each year. Two of the dance concerts showcase a different genre. The third performance is a Christmas Spectacular, which is the most popular and is therefore scheduled every year. The table below provides information about expected ticket sales for the performances.

Ms. Smith has prepared a tentative schedule for the coming season. The table below also shows the type and number of performances and direct cost per type of concert.

*Examples of direct fixed costs are costumes, rehearsals, royalties, guest artist fees, choreography, and salaries of production staff, music, and wardrobe for each of the concerts. This amount does not change with the number of performances.

Additional costs:

Variable costs associated with each performance are shown below.

Annual general administrative and operating costs for the dance center are:

Case Assignment

Required:

Computations (use Excel)

Summarize key financial information in a table as shown below.

Use the information in the table you completed to compute the number of performances required to break even for each concert. Do not include general and administrative expenses. These are separate computations for each dance concert.

Compute break even for the organization as a whole (include all fixed expenses) and express the result in revenues instead of the number of performances.

Ms. Smith wants the Dance Center to generate at least $200,000 in operating profit. What level of revenues does the performance group need to achieve to meet this goal? Prepare an income statement in good format to support the computations.

Give a recommendation about changes Ms. Smith can implement to achieve the target profit. Support your idea with computations.

Bender Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows:

Materials:                                                                                        Standard       Actual

Standard: 220 pounds at $3.00 per pound                   $660                       

Actual: 230 pounds at $2.80 per pound                                                       $644

Direct labor:

Standard: 400 hours at $15.00 per hour            6,000

Actual: 378 hours at $16.50 per hour                                                         6,237

2. Refer to Figure 9-1. What is the material usage variance for Bender Corporation?

a. $90 (F)

b. $90 (U)

c. $30 (F)

d. $30 (U)

3. Refer to Figure 9-1. What is the material price variance for Bender Corporation?

a. $46 (U)

b. $46 (F)

c. $36 (U)

d. $36 (F)

Figure 9-2

Bodacious Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows:

Materials:                                                                                        Standard       Actual

Standard: 200 pounds at $3.00 per pound                   $600

Actual: 220 pounds at $2.85 per pound                                                       $627

Direct labor:

Standard: 400 hours at $15.00 per hour            6,000

Actual: 378 hours at $16.50 per hour                                                         6,237

4. Refer to 9-2. What is the labor efficiency variance for Bodacious Corporation?

a. $480 (U)

b. $480 (F)

c. $330 (U)

d. $330 (F)

5. Montana Company uses a standard costing system. The following information pertains to direct labor costs for the month of February:

Standard direct labor rate per hour                                        $15.00

Actual direct labor rate per hour                                  $13.50

Labor rate variance                                                               $16,500 favorable

Actual output                                                                                   1,000 units

Standard hours allowed for actual production    10,000 hours

How many actual labor hours were worked during February for Montana Company?

a. 10,000

b. 12,000

c. 11,000

d. 9,000

6. Biscuit Company has developed the following standards for one of its products. Direct labor hours is the driver used to assign overhead costs to products.

Direct materials:                                               10 pounds ? $3 per pound

Direct labor:                                                     2.5 hours ? $8 per hour

Variable manufacturing overhead:           2.5 hours ? $2 per hour

The following activity occurred during the month of June:

Materials purchased:                                                  125,000 pounds at $2.60 per pound

Materials used:                                                            110,000 pounds

Units produced:                                                           10,000 units

Direct labor:                                                                24,000 hours at $8.50 per hour

Actual variable manufacturing overhead: $51,000

The company records materials price variances at the time of purchase.

The direct labor rate variance is

a. $12,000 favorable.

b. $8,000 favorable.

c. $12,000 unfavorable.

d. $8,000 unfavorable.

IQ scores have a mean of 100 and standard deviation of 15:

a) What percentage of scores fall between 100 & 135?

b) What percentage of scores fall between 88 & 100?

Job Order Costing

The ABC Company builds residential housing. The company started operations on June 1^st, 2018. Below are transactions that occurred in the first month of operations (June 2018)

Journal Entries:

June 1) ABC Company sold common stock for $1,500,000 in cash. The company issued 15,000 shares of $100 Par stock.

June 2) ABC Company purchased $300,000 of building materials. Paying $100,000 cash and the rest on account due in 45 days. No credit terms were given.

June 3) ABC Company purchased construction equipment for $240,000 cash. The company uses the straight line method of depreciation. The equipment has a useful life of 9 years and a residual value of $24,000.

June 4) ABC Company started construction on 3 homes (Job 100, 101, 102) by requisitioning the following materials: The materials were delivered to the job sites.

June 14) The following direct labor was used and paid for during the period ($30/hour):

Predetermined overhead rate calculated May 8, 2018

(Estimated Total Overhead Costs) / (Estimated Direct Labor Hours)

($24,000) / (3000 hours) = $7 per direct labor used

June 21) Job 100 is completed and ready for sale.

The following actual costs were incurred and paid (Except for depreciation transactions listed below) during the month of June:

June 2) Insurance on houses under construction $2,000 (covers up to any number of homes.

June 3) Insurance on anticipated completed homes $500 no matter the number.

June 8) Construction supervisor salary $6,000 (Paid Monthly)

June 8) Company president salary $8,000 (Paid Monthly)

June 8) Administrative staff salaries $3,000 (Paid Monthly)

June 12) Building Permits $3,000

June 15) Purchased land for $50,000 and a building for $112,000 to use as corporate HQ

June 20) Insurance on HQ is $1,000 per month

June 23) Declared a $5,000 cash dividend to be paid on July 23, 2018.

June 24) Job 100 is sold for $250,000; Cash $150,000 & $100,000 note receivable to be received on September 19, 2018. The amount received will be $109,000 principal and interest. The note is a 360 day (One year is 360 days) 9% simple interest note. An adjusting entry must be made for interest revenue earned for the month of June.

June 30) Depreciation for June on HQ Building $2,500

June 30) Depreciation on the construction equipment was _______________

June 30) Apply (Appropriate) overhead to incomplete jobs

June 30) Account for ending balance in Overhead account

Note: All June 30 entries are Adjusting Entries

1) Show T-Accounts