In: Economics
The following are the trial balance and the other information
related to Bruce Sheffield, who operates a construction hauling
business.
|
SHEFFIELD |
||||||
|---|---|---|---|---|---|---|
|
Debit |
Credit |
|||||
| Cash | $35,500 | |||||
| Accounts Receivable | 50,800 | |||||
| Allowance for Doubtful Accounts | $2,650 | |||||
| Supplies | 3,080 | |||||
| Prepaid Insurance | 1,400 | |||||
| Equipment | 34,500 | |||||
| Accumulated Depreciation—Equipment | 4,500 | |||||
| Notes Payable | 8,400 | |||||
| Owner’s Capital | 45,700 | |||||
| Service Revenue | 103,610 | |||||
| Rent Expense | 6,500 | |||||
| Salaries and Wages Expense | 30,900 | |||||
| Utilities Expenses | 1,320 | |||||
| Office Expense | 860 | |||||
|
$164,860 |
$164,860 |
|||||
| 1. | Fees received in advance from clients $4,400. | |
| 2. | Services performed for clients that were not recorded by December 31, $4,300. | |
| 3. | Equipment is being depreciated at 8% per year. | |
| 4. | Bad debt expense for the year is $1,490. | |
| 5. | Insurance expired during the year $500. | |
| 6. | Sheffield gave the bank a 90-day, 5% note for $8,400 on December 1, 2020. | |
| 7. | Rent of the building is $500 per month. The rent for 2020 has been paid, as has that for January 2021. | |
| 8. | Office salaries and wages earned but unpaid December 31, 2020, $1,440. |
Sheffield withdrew $14,000 cash for personal use during the
year.
1-From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020.
2-Prepare an income statement for 2020.
3-Prepare a statement of owner’s equity for 2020.
4-Prepare a classified balance sheet for 2020.
In: Accounting
Calculate the number of joules that can be obtained from the fissioning of 1 kg of Uranium-235 (U-235), assuming 198 MeV average energy release per fission.
a) How much energy can be obtained from the U-235 in 1 kg of natural uranium?
b) Calculate how much energy, in joules, can be obtained from burning 1 kg of coal.
c) What is the total energy contained in the US resources of coal and U-235?
In: Chemistry
Current (annualised) US Treasury spot rates are as follows:
| 6 months | 1 year | 18 months | 2 years |
| 0.4% | 0.5% | 0.6% | 0.7% |
Derive six-monthly forward rates, including six- months forward rate 6 month from now - 0.5f0.5, six-month forward rate 12 months from now - 1f0.5, and six-months forward rate 18 months from now - 1.5f0.5 for the bond. Show calculations. (4.5 marks)
In: Finance
In a study of 1910 schoolchildren in Australia, 1050 children indicated that they normally watch TV before school in the morning. (Interestingly, only 35% of the parents said their children watched TV before school!)
(a)
Construct a 95% confidence interval for the true proportion of Australian children who say they watch TV before school. (Round your answers to three decimal places.)
(_____,________)
What assumption about the sample must be true for the method used
to construct the interval to be valid?(b)
The 1910 schoolchildren used in the study formed a random sample from the population of children in Australia who normally watch TV before school in the morning.
The 1050 children who indicated that they normally watch TV before school in the morning formed a random sample from the population of schoolchildren in Australia.
The 1910 schoolchildren used in the study formed a random sample from the population of schoolchildren in Australia.
The 1050 children who indicated that they normally watch TV before school in the morning formed a random sample from the population of children in Australia who normally watch TV before school in the morning.
In: Math
Hi Sir
Please I would that you revise the letter below.
Thank you
The following document may contain errors in grammar, capitalization, punctuation, abbreviation, number style, word division, and vocabulary.
TO: all.employees
SUBJECT: Health insurance—Changes
Unlike many companies, Bright Manufacturing has always paid a hundred % of medical car insurance for it’s employees, absorbing the recent 10–20 percent annual cost increases in order to provide this important benefit. This year; Blue Cross gave us some terrible news: the cost increase for our employee’s medical coverage would be a staggering fourty percent per month next year
To mange the increase and continue to offer you and your family highquality medical coverage we have negotiated several changes with Blue Cross; a new cost saving alternative is also being offered by us:
Under the Blue Cross Plus plan, copay amounts for office visits will be ten dollars next year/ $50 for emergency room visits. 80 % of employees’ insurance coverage (including 10 percent of the cost increase) will be paid by Bright next year and 100 % of the prescription drug costs (including a 23 percent cost increase). The remaining twenty percent of medical coverage will be deducted by us monthly from your salary, if you choose to remain on a Blue Cross Plus plan. We realize this is alot, but its still less than many companies charge their employees.
A fully paid alternative health plan, Blue Cross HMO, will now be provided by Bright at no cost to employees. But be warned that there is a deadline. If you want to switch to this new plan you must do so during our open enrollment period, Nov. 20 to December 1, and we will not consider applications for the change after that time so don’t get your forms in late.
There are forms available in the Human Resources office for changing your coverage. They must be returned between November 20 and December 1. If you wish to remain on a Blue Cross Plus policy, you do not need to notify us; payroll deductions for company employees on the plan will occur automatic beginning January first.
If you have questions, please call our new Medical Benefits Information line at ext. 3392. Our Intranet sight will also provide you easy with information about health care coverage online if you click the “Medical Benefits” icon. Since our founding in 1946, we have provided our company employees with the best medical coverage available. We all hate rising costs and although things are looking bleak for the future but we’re doing all we can do to hold on to this helpful benefit for you.
Lucinda Goodman, Benefits Mangr., Human resources
In: Accounting
Which of the following is a strong ethical or philosophical issue around the development of artificial intelligence?
Select one:
A. AI rights within society; For example, if an AI killed a human, would the developer be punished or the AI? If the AI, what would that punishment look like? Another example: if AI have emotions based in experience, do they have the right to express those emotions? If an AI is feeling frustrated at the inability to complete a task, do they have the right to express frustration through tears, freaking out, or pouting? Would this change the way they interact with humans?
B. Are AI able/allowed to have sexual experiences, romantic relationships (with other AI or humans), spirituality, and altered states of consciousness?
C. The potential for AI to enslave or eliminate the human species; If AI has the potential to become much more intelligent than humans and it analysis threats to the Earth's existence, it could determine that humanity is the greatest threat and enslave us or eliminate us. How do we prevent that from happening? Or, is it valid for AI to identify us as a threat and seek the upper hand?
D. All of the above
In: Psychology
In: Finance
One criticism of employer provided health insurance in the U.S. is that it is tax preferred. Why is this a point of criticism? Who benefits most from this policy? Who doesn’t?
In: Economics
In: Statistics and Probability