The following are several transactions of Ardery Company that occurred during the current year and were recorded in permanent (that is, balance sheet) accounts unless indicated otherwise:

Date	Transaction
Apr. 1	Purchased a delivery van for $16,000, paying $1,000 down, and issuing a 1-year, 6% note payable for the $15,000 balance. It is estimated that the van has a 4-year life and an $800 residual value; the company uses straight-line depreciation. The interest on the note will be paid on the maturity date.
May 15	Purchased $800 of office supplies.
June 2	Purchased a 2-year comprehensive insurance policy for $1,200.
Aug. 1	Received 6 months' rent in advance at $300 per month and recorded the $1,800 receipt as Rent Revenue.
Sept. 15	Advanced $600 to sales personnel to cover their future travel costs.
Nov. 1	Accepted a $6,000, 6-month, 10% (annual rate) note receivable from a customer, the interest to be collected when the note is collected.

The following information also is available:

1.	On January 1, the Office Supplies account had a $250 balance. On December 31, an inventory count showed $180 of office supplies on hand.
2.	The weekly (5-day) payroll of Ardery Company amounts to $2,000. All employees are paid at the close of business each Wednesday. A 2-day accrual is required for the current year.
3.	Sales personnel travel cost reports indicate that $500 of advances had been used to pay travel expenses.
4.	The income tax rate is 30% on current income and is payable in the first quarter of next year. The pretax income before the adjusting entries is $8,655.

Required:

On the basis of the above information, prepare journal entries to record whatever adjustments are necessary to bring the accounts up to date on December 31.

Answer the following 1-10 questions for intermediate accounting:

1. Companies value and report short-term receivables at net realizable value, the net amount they expect to receive in cash

True

False

2. When should the loss on an uncollectible account receivable be recorded as an expense for accrual accounting purposes?

A. At any day there is an indication that certain customer will not pay

B. At the beginning of accounting period

C. The day the credit sale is recorded

D. At the end of accounting period

E. Never

3. Which of the following is NOT an accurate description of the Allowance for Doubtful Accounts?

A. an income statement account

B. a balance sheet account

C. an estimate of the amount of accounts receivable that will not be collected

D. a contra asset account

4. The following accounts were taken from Starr Co.'s unadjusted trial balance at December 31, 2017:

Accounts receivable, DR $880,000
Allowance for uncollectible accounts, DR 27,000
Net credit sales, CR $2,000,000
Starr estimates that 8% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2017, the allowance for uncollectible accounts should have a credit balance of

A. 160,000

B. 70,400

C. 27,000

D. 43,400

E. 97,400

5. The following accounts were abstracted from Starr Co.'s unadjusted trial balance at December 31, 2017:

Accounts receivable DR $880,000
Allowance for uncollectible accounts DR 27,000
Net credit sales CR $2,000,000
Starr estimates that 8% of the gross accounts receivable will become uncollectible. What is a bad debt expense for the year?

A. 97,400

B. 70,400

C. 43,400

D. 27,000

E. 160,000

6. Why would a company sell receivables to another company?

A. To limit its legal liability

B. To improve the quality of its credit granting process

C. To comply with customer agreements

D. To accelerate access to amounts collected

7. BobCat Co. uses the GROSS method to record sales made on credit. On Mar 1, 2017, it made sales of $80,000 with terms 3/10 n/30. On Mar 9, 2017, BobCat received full payment for the March 1 sale. The required journal entries for BobCat Inc. on Mar 9 is

A. DR Accounts Receivable 80,000
CR Sales Revenue 80,000

B. DR Accounts Receivable 77,600
CR Sales Revenue 77,600

C. DR Cash….. 77,600
DR Sales Discount 2,400
CR Accounts Receivable 80,000

D. DR Cash….. 77,600
CR Accounts Receivable 77,600

E. DR Cash 80,000
CR Accounts Receivable 80,000

8. The following information relates to Jay Co.’s accounts receivable for the year just ended:

Accounts receivable, 1/1 $ 650,000
Credit sales for the year 2,700,000
Sales returns for the year 75,000
Accounts written off during the year 40,000
Collections from customers during the year 2,150,000
Estimated uncollectible accounts at 12/31 СR 110,000

What amount should Jay report on the Balance Sheet for net realizable value of accounts receivable at December 31?

A. 1,085,000

B. 540,000

C. 2,700,000

D. 975,000

E. 650,000

9. The following are held by BobCat Inc.:
Cash in checking account $6,000
Cash in savings account $12,000
Postdated check from customer dated one month from balance sheet date 2,500
Petty cash 300
Commercial paper (matures in a month, original maturity 3 months) 9,000
Certificate of deposit (matures in six months) 5,000
What amount should be reported as cash and cash equivalents on Smite’s balance sheet?

A. 27,300

B. 18,000

C. 18,300

D. 27,000

10. Hilltop Co.’s monthly bank statement shows a balance of $52,200.
Reconciliation of the statement with company books reveals the following information:
Bank service charge $ 10
   Insufficient funds check 650
Checks outstanding 1,500
Deposits in transit 1300
Check deposited by Hilltop and cleared by the bank for $125, but improperly recorded by Hilltop as $152.

What is the TRUE cash balance after the reconciliation?_______________

A. 54,200

B. 52,000

C. 52,027

D. 51,973

INDIVIDUAL CASE STUDY President Store Corporate operated around 300 Starbucks coffee outlets in Taiwan under a joint venture arrangement in 2013. It also ran over 2,000 of its own City Cafe outlets across Taiwan. Both enjoyed good market share and there appeared to be little cannibalization. What could be the reason for this in the competitive coffee landscape in Taiwan? STARBUCKS Starbucks was founded in the U.S. in 1971 and its main product was Arabica coffee beans. In 1987, Howard Schultz took over Starbucks and introduced the roasting technologies and ambience of the Italian cafe. By May 2014, Starbucks had over 23,180 stores worldwide in 64 countries. Starbucks outlets primarily sell coffee, but also offer other hot and cold beverages, pastries, sandwiches, and snacks. Starbucks introduced low calorie coffee in 2008 and instant coffee in 2009. In 2010, Starbucks started selling beer and wine in some outlets in the U.S. In 2011, Starbucks introduced the Trenta, a 31-ounce cup of coffee. Starbucks ventured into the juice bar business in 2013. In January 1, 1988, the President Starbucks Coffee Corporation in Taiwan was officially founded as a joint venture between Starbucks Coffee International, Uni-President Enterprise Corporation, and the President Chain Store Corporation. Many people have suggested that Starbucks, as an international brand, has basically transplanted the American coffee culture into Taiwan. The concept appears to be good quality coffee at high prices to be enjoyed in a leisurely manner with friends. Coffee on offer includes cafe latte, vanilla latte, hazelnut latte, caramel macchiato, cafe mocha, and cappuccino with a price range of NT$75 (US$2.46) to NT$155 (US$5.08). However, subtle differences can be observed. The pastry cases look similar but their contents are different and include offerings such as curry chicken cannoli. There are numerous tea options including rose fancy tea, green tea, jinxuan oolong, bi luo chun, and oriental beauty (the latter three are specialty Taiwanese teas). By 2013, Starbucks had almost 300 outlets. Over the past three years, Starbucks in Taiwan has opened 20 to 30 new stores each year, and all stores have achieved their revenue targets and contributed to 10 percent sales growth over the last few years. A research study has concluded that Western culture adoration was an important dimension in coffee consumption for Taiwanese customers at Starbucks. Overall, Starbucks engages in experiential marketing, with the consumer associating the brand with specific smells, tastes, visual elements, and sounds. CITY CAFE In 1986, the President Chain Store Corporation launched Cafe Americano through its 7-Eleven chain stores. In 2004, the company began to shift from the American style Americano concept to the new 24-hour Italian City Cafe concept without closing the Americano outlets already in the 7-Eleven outlets. By 2005, there were 500 CITY CAFE outlets, 1,000 in 2007, and 2,000 in 2009. Television advertising was used to build brand awareness and image. The theme used was, “The entire city is my coffee shop;” targeted at students and workers aged between 20 and 40. The concept appears to be a local coffee brand offering low priced coffee anytime and anywhere. Coffee on offer includes latte, cappuccino, and City blend, with prices from NT$25 (US$0.82) to NT$45 (US$1.48). CITY CAFE started a Music Conservatory in the Hankyu Department Store outlet in Taipei where aspiring local singers and performers can showcase their talents. Performers in March 2014 included Taipei Soul Brothers, featuring five musicians from three different generations, and Lin Ling, a local Taiwanese girl who has been performing since the age of five. The success of the CITY CAFE coffee bar concept has resulted in many convenience chain stores and fast food chain stores near schools, offices, hospitals, subway stations, and train stations duplicating the idea. Examples of concepts by convenience stores include Mr. Brown Coffee of Family Mart and OK Cafe of OK Mart. McDonalds also launched the McCafe. According to a review, the coffee scene in Taiwan can be categorized accordingly: I. Foreign Cafe Chain This group is currently dominated by Starbucks. They offer mainly espresso coffee at very high prices of NT$90 (US$2.95) to NT$180 (US$5.90). 2. Specialist Cafe This group offers excellent coffee with a large variety of beans. They have varied origins, create their own blends, and roast their own coffee. They sell beans and offer a mix of espresso and brewed coffee. The baristas are experts and know their coffee in a passionate way. Prices of their coffee range from NT$60 (US$1.97) to NT$150 (US$4.92). Examples of such cafes are Orsir and Mojo Coffee in Taichung. 3. Specialist Cafe Chain This group offers excellent coffee but with a more limited range. They sell beans and offer mainly espresso, though they do have limited brewed coffee options. They have trained baristas, and the price range is NT$30 (US$0.98) to NT$70 (US$2.30). Examples of such cafes include Wilbeck in Taipei and Cama Cafe across Taiwan. 4. Taiwanese Cafe This group serves a variety of coffee from different regions in Taiwan. The cafes are operated by single owner and they roast in small batches. They are often in business for a long time (over 15 years) and they have a small group of loyal customers. They offer mainly brewed coffee, but they have espresso as well. The price range is from NT$70 (US$2.30) to NT$120 (US$3.93). 5. Taiwanese Cafe Chain This group serves a single unannounced blend of coffee with no other options. They serve mainly espresso though some may offer drip or brewed coffee. Some baristas may receive training but quality is uneven. The prices range from NT$35 (US$1.15) to NT$75 (US$2.46). Examples are 8S°C and Bakery. 6. Convenience Store Coffee This group offers bean to cup machine coffee. They use cheap Taiwanese roasts of unannounced origin. Prices range from NT$25 (US$0.82) to NT$60 (US$1.97). Examples of coffee entities in this group are City Cafe by 7-Eleven and Mr. Brown Coffee by Family Mart. Three main groups have been identified: Coffee Connoisseur It is primarily interested in discovering new, high quality brews of coffee. He is very price insensitive and would frequent specialty cafes with baristas who are experts and know their coffee in a passionate way. Café Hangout The Café Hangout Coffee drinker values his coffee as an aspirational drink, to be drunk with a group of friends or to be seen consuming the beverage by others. He is relatively price insensitive, valuing the brand of the Café over the coffee type. The ambience and mood of the café is important to him. He would prefer to have food options available with his coffee as well. This group is a mix of students, who visit cafes as a place to hangout or study at, and working professionals, who value the café as an informal place to relax. Coffee Fix The Coffee Fix Coffee drinker values his coffee as his daily sustenance, requiring the energy boost which caffeine from the coffee provides. He may drink up to several cups a day and is not overly concerned with the quality of the coffee. He is also price sensitive as he is not after a premium product. A survey found that the Taiwanese drink coffee in the following frequencies per day: one cup-46 percent, two cups-13 percent, and various frequencies depending on day and occasions-36 percent. The most frequently consumed coffee is: latte-48 percent, Americano-19 percent, cappuccino-17 percent, cafe mocha-4 percent, others-12 percent. Their favorite coffee venue is: Starbucks-29.1 percent and City Cafe-29.1 percent. Areas in which Starbucks must improve: prices-68.1 percent, promotional offers-15.3 percent, charity activities-9.2 percent, quality-6.9 percent, and refreshments- 6.1 percent. Areas in which City Cafe must improve: quality-29.4percent, refreshments- I4.7percent, promotional offers-14.0 percent, store ambience-13.3 percent, and peripheral merchandize-9.8 percent. Why is the President’s group able to dominate the coffee market in Taiwan with the Starbucks and City Café concept rather than cannibalise itself with two brands in the same market?

A window-mounted air conditioner supplies 29 m³/min of air at 15°C, 1 bar to a room. Air returns from the room to the evaporator of the unit at 22°C. The air conditioner operates at steady state on a vapor-compression refrigeration cycle with Refrigerant 22 entering the compressor at 4 bar, 10°C. Saturated liquid refrigerant at 9 bar leaves the condenser. The compressor has an isentropic efficiency of 70%, and refrigerant exits the compressor at 9 bar.


Determine:

(a) the compressor power, in kW.

(b) the refrigeration capacity, in tons.

(c) the coefficient of performance.

Fantastic Styling Salon is run by three​ stylists, Jenny​ Perez, Jill​ Sloan, and Jerry​ Tiller, each capable of serving five customers per​ hour, on average. Use POM for Windows or OM Explorer to answer the following questions:

Note: During busy periods of the​ day, when nine customers on average arrive per​ hour, all three stylists are on staff.

a. If all customers wait in a common line for the next available​ stylist, how long would a customer wait in​ line, on​ average, before being​ served?

b. Suppose that each customer wants to be served by a specific​ stylist, 1/3 want​ Perez, 1/3 want​ Sloan, 1/3 want Tiller. How long would a customer wait in​ line, on​ average, before being​ served?

c. If all customers wait in a common line for the next available​ stylist, how long would a customer wait in​ line, on​ average, before being​ served?

d. Suppose that each customer wants to be served by a specific​ stylist, 60​% want Perez and 40​% want Sloan. How long would a customer wait in​ line, on​ average, before being served by​ Perez? By​ Sloan? Overall?

I would really appreciate it if all work is shown! Thank you for your time.

Why is understanding yourself important in your career development? How can you ensure that an employer will realize that you have a clear grasp of who you are and what you have to offer?

Refrigerant 134a is the working fluid in a vapor-compression heat pump that provides 35 kW to heat a dwelling on a day when the outside temperature is below freezing. Saturated vapor enters the compressor at 2.1 bar, and saturated liquid exits the condenser, which operates at 8 bar.


Determine for an isentropic compressor efficiency of 75%:

(a) the refrigerant mass flow rate, in kg/s.

(b) the magnitude of the compressor power, in kW.

(c) the coefficient of performance.

Context can influence our expectations and so it can influence our perceptual set. Describe one way in which you might set up a context in which you think people would be more likely to see the vase rather than the face. Now describe a context where people might be more likely to see the face. How would you test your hypotheses about this?

Discuss the significance of physical barriers in gluconeogenesis.

BRIEFLY describe the rationale for doing transfection experiments in mammalian cells.

Financial market commentators often argue that it is unwise to invest in commodities, as they historically have lower average returns and higher risk compared to equities. In light of this evidence discuss whether there is any justification for an investor with mean-variance utility preferences to invest in commodities as opposed to equities?

What are the effects on U.S economy if the Cost of Health care keeps rising?  

Discuss the nature and role of the following business functions in strategy implementation.

1. Sales and Marketing:

2. Finance and Accounting

3. Human Resource

Business Unit: Innocent Drinks / Company: Coca Cola

1) Identify and explain the value chain relationships between your chosen business unit with other business units within your chosen company.
2) Explain how diversification strategies can produce a cross-business strategic fit capable of delivering competitive advantage for your business unit

(a) You pull a solid zinc ball with a density of 7.14 g/cm³ and a radius of 1.10 cm upward through a fluid at a constant speed of 7.00 cm/s. The fluid exerts a drag force that is directly proportional to speed, and the proportionality constant is 0.950 kg/s. What is the magnitude of the force (in N) you exert on the ball? (You may ignore the buoyant force.)

________N

(b)

What If? By what percentage would the upward force exerted on the zinc ball have to be increased for the speed of the ball in the fluid to increase to double its original value?

________%