Beers Law

Lab
CuSO4 sol. ranging from 0.00M to 0.40M is prepared to record percentage transmission through spectrometer. Since 0.40M is quite high to obey beers law, but still I got linear graph. Why it's still linear??

Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad debts. During November, ITI sold services on account for $100,000 and estimated that ½ of 1 percent of those sales would be uncollectible. Required: Prepare the November adjusting entry for bad debts. Starting in December, ITI switched to using the aging method. At its December 31 year-end, total Accounts Receivable is $89,000, aged as follows: (1) 1–30 days old, $75,000; (2) 31–90 days old, $10,000; and (3) more than 90 days old, $4,000. The average rate of uncollectibility for each age group is estimated to be (1) 10 percent, (2) 20 percent, and (3) 40 percent, respectively. Prepare a schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts. Before the end-of-year adjusting entry is made, the Allowance for Doubtful Accounts has a $1,600 credit balance at December 31. Prepare the December 31 adjusting entry. Show how the various accounts related to accounts receivable should be shown on the December 31 balance sheet.

The following table summarizes prices of various​ default-free zero-coupon bonds​ (expressed as a percentage of face​ value):

The yield to maturity for the​ five-year zero-coupon bond is closest​ to:

A. 5.0%

B. ​5.8%

C. ​5.4%

D. ​5.6%

E. ​6.0%

1. stock Calculate the total return percentage achieved for each individual stock from the day you selected the to the present or most recent business day. Use the formula
   
   End Share Price – Beginning Share Price + Dividends Received (if any)/Beginning Share Price.

Husky energy: End-June 23-4.69                      Beginning -April 1-3.65

Canopy Growth: end- June 23- 17.24                 Brining- April 1– 13.58

2.Annualize the percentage return for each stock; that is, calculate what your return would be if you held the stock for one year. To do this, take your returns from above, divide by the number of days the share was held, and multiply by 365.

3. Calculate the annualized return for the Husky energy and Canopy Growth Company. (Use an equal weighting for each stock.) Was your return higher or lower than the rate of inflation?

Thanks!

Question 1 of 10

Express net income as a common-size percentage using the following data. Sales - $45,000; cost of goods sold - $29,340; gross profit from sales - $15,660; operating expenses - $10,800; net income - $4,860.

A. 100 percent

B. 31 percent

C. 12 percent

D. 10.8 percent           

Question 2 of 10

The excess of total assets over total liabilities is called working capital.

Question 3 of 10

Any reputable company has a cash flow liquidity ratio of greater than 1.0.

Question 4 of 10

Paid short-term portion of notes payable, $60,000. What is the effect on working capital, the current ratio, and the acid-test ratio? Assume the current ratio is 1:1 before this transaction occurred.

A. Decreases working capital, current ratio, and acid-test ratios.

B. Increases working capital, no effect on current and acid-test ratios.

C. Increases working capital, decreases current and acid-test ratios.

D. No effect on all three items.

E. No effect on working capital, increases current ratio and acid-test ratio.

Question 5 of 10

Collections of loans are a financing activity.

Question 6 of 10

What is the current ratio for the following data? Cash - $34,000; marketable securities - $16,000; accounts and notes receivable, net - $46,000; merchandise inventory - $61,000; prepaid expenses - $3,000; accounts and notes payable, short term - $64,000; accrued liabilities - $16,000.

A. 1:2

B. 2:1

C. 1.2:1

D. 3:1

E. 4:1

Question 7 of 10

A corporation may elect not to prepare a statement of cash flows.

Question 8 of 10

The former statement of changes in financial position presented information on the flow of financial resources into and out of a business.

Question 9 of 10

A company must publish a statement of cash flows for each period for which it publishes an income statement.

Question 10 of 10

What is the rate earned on common stockholders’ equity for the following data? Total current liabilities (noninterest bearing) - $300,000; bonds payable, 5% (issued in 2007, due in 20 years) - $600,000; preferred 6% stock, $200 par - $240,000; common stock, $20 par - $480,000; premium on common stock - $120,000; retained earnings - $420,000. Income before income taxes was $180,000 and income taxes were $78,000 for the current year.

A. 7 percent

B. 8.6 percent

C. 9.1 percent

D. 8.1 percent

E. 6.1 percent

Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad debts. During November, ITI sold services on account for $120,000 and estimated that 1/4 of 1 percent of those sales would be uncollectible.

Required:

1. Prepare the November adjusting entry for bad debts.

2. Starting in December, ITI switched to using the aging method. At its December 31 year-end, total Accounts Receivable is $97,700, aged as follows: (1) 1–30 days old, $82,000; (2) 31–90 days old, $11,000; and (3) more than 90 days old, $4,700. The average rate of uncollectibility for each age group is estimated to be (1) 11 percent, (2) 22 percent, and (3) 44 percent, respectively. Prepare a schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts.

3. Before the end-of-year adjusting entry is made, the Allowance for Doubtful Accounts has a $1,950 credit balance at December 31. Prepare the December 31 adjusting entry.

4. Show how the various accounts related to accounts receivable should be shown on the December 31 balance sheet.

Multiple Choice Question 98

The gross margin percentage shows how much of each sales dollar is available after which of the following income statement components has been covered?

Multiple Choice Question 106

Which of the following is the reason that preferred dividends declared during the period are deducted from net income in calculating return on common stockholders’ equity?

Multiple Choice Question 109

Earnings per share must be reported on the face of every income statement that is

Suppose that each 0.1 percentage point increase in equilibrium interest rate induces a $4 billion decrease in real planned investment spending by businesses. In addition, the investment multiplier is equal to 3, and the money multiplier is equal to 4. Furthermore, every $10 billion decrease in the money supply brings about a 0.1 percentage point increase in the equilibrium interest rate. Use this information to answer the following question under the assumption that all other things are equal. If actual GDP is $500 billion and potential GDP is $440 billion, then which of the following is the correct policy for the Fed?

Answer is: Sell $12.5 billion in bonds, but how do you get this answer?

1. write a hypothesis for this chart?

. Restate your hypothesis here:

4. Does the data in the table above support your hypothesis for this experiment? Be sure to use

    your data in explaining whether the hypothesis was supported or not.

5. Explain how the tail length trait was influenced by natural selection in your experiment.

   If you could not discover this from the simulation, propose a possible situation where a long tail would provide a   

     selective advantage for bunnies and explain WHY it would be an advantage.