Astro Corporation was started with the issue of 5,200 shares of $10 par stock for cash on January 1, Year 1. The stock was issued at a market price of $16 per share. During Year 1, the company earned $69,950 in cash revenues and paid $46,867 for cash expenses. Also, a $4,000 cash dividend was paid to the stockholders.
Required
Prepare an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for Astro Corporation’s Year 1 fiscal year.
In: Accounting
A survey found that women's heights are normally distributed with mean
63.8
in and standard deviation
2.4
in. A branch of the military requires women's heights to be between 58 in and 80 in.
a. Find the percentage of women meeting the height requirement. Are many women being denied the opportunity to join this branch of the military because they are too short or too tall?
b. If this branch of the military changes the height requirements so that all women are eligible except the shortest 1% and the tallest 2%, what are the new heightrequirements?
In: Statistics and Probability
In: Civil Engineering
1. Scalability and Replicability
One of the main goals of good model/template design is scalability and replicability. What do each of these words mean in the context of model/template building?
2. The budget process is often iterative and may involve a first, second, and even third round of discussions and updates with department managers/senior management. Given this situation, what could we do from an organizational standpoint to effectively keep track of all these changes and why is it important to build a flexible budget template?
In: Operations Management
Consider the following system at equilibrium
N2(g)+3H2(g) <------> 2NH3(g)+ heat
Indicatre which way the reaction wil shift when making the following changes
1. Decreasing in the temperture
2. Increasing in the temperture
3. Removing some of NH3
4. Removing some of the H2O
5. Adding some O2
6. Removing some N2
****Pick from these answers ****
A. Forward reaction will increase
B. Reverse reaction will increase
C. There will be no change in either direction
In: Chemistry
A. Do you agree that investors and executives are too greedy OR do you think this is just capitalism at work? Should there be changes? If so, what? If not, why?
B. Do the issues discussed by Cassidy denote deep, permanent flaws in our corporate system? Explain your stance.
C. What effect has the “greed cycle” discussed by Cassidy had on the rest of the economy and on our society? Can we avoid future greed cycles or are they an inevitable part of our system?
In: Economics
The accounting records of Jamaican Importers, Inc., at January
1, 2018, included the following:
| Assets: | ||||
| Investment in IBM common shares | $ | 1,395,000 | ||
| Less: Fair value adjustment | (150,000 | ) | ||
| $ | 1,245,000 | |||
No changes occurred during 2018 in the investment portfolio.
Required:
Prepare appropriate adjusting entry(s) at December 31, 2018,
assuming the fair value of the IBM common shares was:
$1,187,000
$1,287,000
$1,425,000
(If no entry is required for a transaction/event, select
"No journal entry required" in the first account
field.)
In: Accounting
Need as much details as possible. Microeconomics.
A firm produces output using a single input L. The firm’s marginal productivity is increasing in L. The firm currently produces 50 units at the marginal cost of 100. If the firm were to produce 60 units,
a. We cannot determine how the marginal cost changes.
b. The marginal cost would be less than 100.
c. The marginal cost would be greater than 100.
d. The marginal cost would equal 100.
In: Economics
An average adult has approximately 5L of blood. Because there is not enough blood to for equal distribution to all tissues simultaneously, blood flow is continuously redistributed to more active tissues.
In: Anatomy and Physiology
you will cover the options you have to communicate tax updates to clients.
With the ever-changing tax rules that come into effect every year, what options would you use to notify your client of the changes to the tax code that may affect them? Give several specific examples of different circumstances that warrant a communication and the services that you would subscribe to for each example. Give an example of a tax change that occurred this year that you would not notify your clients about.
In: Accounting