Questions
We are learning about The Iliad in mythology and I'm having a bit of troble understanding...

We are learning about The Iliad in mythology and I'm having a bit of troble understanding the context. Can someone summarize the story for me to better understand and assist me with these questions!

Can we view the behavior of Agamemnon or Achilles as appropriate for heroes? How does the characterization of Hector help define heroic behavior for early Greeks?

In: Psychology

We are learning about The Iliad in mythology and I'm having a bit of troble understanding...

We are learning about The Iliad in mythology and I'm having a bit of troble understanding the context. Can someone summarize the story for me to better understand and assist me with these questions!

Can we view the behavior of Agamemnon or Achilles as appropriate for heroes? How does the characterization of Hector help define heroic behavior for early Greeks?

In: Psychology

Explain the role of climate fluctuations in the origins and evolution of the first true primates,...

Explain the role of climate fluctuations in the origins and evolution of the first true primates, the earliest anthropoids, the early Miocene "dental apes" (proconsulids), and the surviving ape species of the late Miocene.

Hint Focus on the ways that warming and cooling episodes affected habitable land areas, caused habitat changes, and affected availability of different food sources.

In: Anatomy and Physiology

According to DuBrin (2015), "Early life experiences have a major impact on self-esteem" (p. 55). A...

According to DuBrin (2015), "Early life experiences have a major impact on self-esteem" (p. 55). A lack of self-esteem causes many barriers to communication. Provide two to three examples on how to develop a healthy self-esteem. Which ones would be the most significant? Why? Explain and discuss your responses.

In: Psychology

Discuss the creation of the National Banks during the Civil War. Why did it develop into...

Discuss the creation of the National Banks during the Civil War. Why did it develop into a dual banking system? Discuss the structural weaknesses of banking in the United States during the late 19th and early 20th centuries after the National Banking Act was implemented and how attempts to reform the system led to the creation of the Federal Reserve in 1913.

In: Economics

Early 2000 years were famous for corporate scandals (Enron, Worldcom, and Tyco) Please give a recent...

Early 2000 years were famous for corporate scandals (Enron, Worldcom, and Tyco) Please give a recent example of an agency problem or scandal that came to light in the media. Make a reference to the textbook and state what type of conflict you are describing. (Stockholders vs. managers, managers vs. creditors, etc) Provide your reference.

In: Finance

Describe two recent instances illustrating how you typically manage negative emotion. How might your early experiences,...

Describe two recent instances illustrating how you typically manage negative emotion. How might your early experiences, gender, and culture background have influenced your style of emotional self-regulation? Response must be supported with information from our textbook. Response should be a minimum of 150 words in length.

In: Psychology

A female patient has the etiology of distant and abusive parents with physical and sexual abuse...

A female patient has the etiology of distant and abusive parents with physical and sexual abuse in early childhood. She uses dissociation as a primary defence mechanism. The family dynamics in incestuous parents left her with rigid interpersonal roles.           

Which disorder do you think she may suffer from? Justify your answer.                

In: Psychology

Serial Problem Business Solutions LO P1, P2, P3, P4, P5 After the success of the company’s...

Serial Problem Business Solutions LO P1, P2, P3, P4, P5

After the success of the company’s first two months, Santana Rey continues to operate Business Solutions. The November 30, 2016, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2016) follows.

No. Account Title Debit Credit
101 Cash $ 38,764
106 Accounts receivable 12,918
126 Computer supplies 2,645
128 Prepaid insurance 2,160
131 Prepaid rent 3,280
163 Office equipment 8,300
164 Accumulated depreciation—Office equipment $ 0
167 Computer equipment 22,400
168 Accumulated depreciation—Computer equipment 0
201 Accounts payable 0
210 Wages payable 0
236 Unearned computer services revenue 0
307 Common stock 66,000
318 Retained earnings 0
319 Dividends 5,700
403 Computer services revenue 35,779
612 Depreciation expense—Office equipment 0
613 Depreciation expense—Computer equipment 0
623 Wages expense 2,325
637 Insurance expense 0
640 Rent expense 0
652 Computer supplies expense 0
655 Advertising expense 1,708
676 Mileage expense 654
677 Miscellaneous expenses 220
684 Repairs expense—Computer 705
Totals $ 101,779 $ 101,779

Business Solutions had the following transactions and events in December 2016.

Dec. 2 Paid $950 cash to Hillside Mall for Business Solutions’s share of mall advertising costs.
3 Paid $440 cash for minor repairs to the company’s computer.
4 Received $4,550 cash from Alex’s Engineering Co. for the receivable from November.
10 Paid cash to Lyn Addie for six days of work at the rate of $105 per day.
14 Notified by Alex’s Engineering Co. that Business Solutions’s bid of $7,100 on a proposed project has been accepted. Alex’s paid a $2,500 cash advance to Business Solutions.
15 Purchased $1,400 of computer supplies on credit from Harris Office Products.
16 Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8.
20 Completed a project for Liu Corporation and received $6,525 cash.
22–26 Took the week off for the holidays.
28 Received $3,400 cash from Gomez Co. on its receivable.
29 Reimbursed S. Rey for business automobile mileage (600 miles at $0.32 per mile).
31 The company paid $1,300 cash in dividends.

The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company’s first three months:

The December 31 inventory count of computer supplies shows $590 still available.

Three months have expired since the 12-month insurance premium was paid in advance.

As of December 31, Lyn Addie has not been paid for four days of work at $105 per day.

The computer system, acquired on October 1, is expected to have a four-year life with no salvage value.

The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value.

Three of the four months' prepaid rent has expired.


Required:

1. Prepare journal entries to record each of the December transactions and events for Business Solutions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry worksheet

.....

Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8.

Note: Enter debits before credits.

Date General Journal Debit Credit
Dec 16 No journal entry required

Journal entry worksheet

The December 31 inventory count of computer supplies shows $590 still available.

Note: Enter debits before credits.

Transaction General Journal Debit Credit
a. Computer supplies expense
Computer supplies

2.2 Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger.


General Ledger Accounts

Cash Accounts Receivable
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 Dec. 01
Computer Supplies Prepaid Insurance
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 Dec. 01
Prepaid Rent Office Equipment
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 Dec. 01
Accumulated Depreciation—Office Equipment Computer Equipment
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 0 Dec. 01
Accumulated Depreciation—Computer Equipment Accounts Payable
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 0 Dec. 01 0
Wages Payable Unearned Computer Services Revenue
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 0 Dec. 01 0
Common Stock Retained Earnings
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 Dec. 01 0
Dividends Computer Services Revenue
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 Dec. 01
Depreciation Expense—Computer Equipment Depreciation Expense—Office Equipment
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 0 Dec. 01 0
Insurance Expense Rent Expense
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 0 Dec. 01 0
Computer Supplies Expense Advertising Expense
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 0 Dec. 01
Mileage Expense Miscellaneous Expenses
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 Dec. 01
Repairs Expense — Computer Wages Expense
Date Debit Credit Balance Date Debit Credit Balance
Dec. 01 Dec. 01
Income Summary
Date Debit Credit Balance
Dec. 01 0

Prepare an adjusted trial balance as of December 31, 2016.


3. Prepare an adjusted trial balance as of December 31, 2016.

4. Prepare an income statement for the three months ended December 31, 2016.


5. Prepare a statement of retained earnings equity for the three months ended December 31, 2016.


6. Prepare a balance sheet as of December 31, 2016.

7. Record and post the necessary closing entries for Business Solutions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Journal entry worksheet

Record the entry to close the revenue account.

Note: Enter debits before credits.

Date General Journal Debit Credit
Dec 31

Journal entry worksheet

Record the entry to close the expense accounts.

Note: Enter debits before credits.

8. Prepare a post-closing trial balance as of December 31, 2016.

In: Accounting

1. The following costs result from the production and sale of 4,450 drum sets manufactured by...

1. The following costs result from the production and sale of 4,450 drum sets manufactured by Tight Drums Company for the year ended December 31, 2017. The drum sets sell for $295 each. The company has a 30% income tax rate.

Variable production costs
Plastic for casing $ 115,700
Wages of assembly workers 404,950
Drum stands 155,750
Variable selling costs
Sales commissions 106,800
Fixed manufacturing costs
Taxes on factory 14,500
Factory maintenance 29,000
Factory machinery depreciation 89,000
Fixed selling and administrative costs
Lease of equipment for sales staff 29,000
Accounting staff salaries 79,000
Administrative management salaries 159,000

a. Prepare a contribution margin income statement for the company.

b. Compute its contribution margin per unit and its contribution margin ratio.

2. Praveen Co. manufactures and markets a number of rope products. Management is considering the future of Product XT, a special rope for hang gliding, that has not been as profitable as planned. Since Product XT is manufactured and marketed independently of the other products, its total costs can be precisely measured. Next year’s plans call for a $350 selling price per 100 yards of XT rope. Its fixed costs for the year are expected to be $315,000, up to a maximum capacity of 550,000 yards of rope. Forecasted variable costs are $245 per 100 yards of XT rope.

a. Estimate Product XT’s break-even point in terms of sales units and sales dollars. (1 unit = 100 yards) (Do not round intermediate calculations.) 2.

b. Prepare a contribution margin income statement showing sales, variable costs, and fixed costs for Product XT at the break-even point.

In: Accounting