On July 2, Eagle Ltd. shipped merchandise costing $360,000 on consignment to Goldfinch Stores. Eagle paid freight costs of $10,000. Upon sale, Goldfinch will receive a 12% commission. At the end of the month, Goldfinch notifies that 50% of the merchandise has been sold for $560,000, and send Eagle the money via electronic transfer.
Prepare the journal entries for Eagle Ltd. to account for this consignment in the month of July.
In: Accounting
Liam and Katano formed a partnership to open a sushi restaurant
by investing $110,000 and $120,000, respectively. They agreed to
share profit based on an allocation to Liam of an annual salary
allowance of $165,000, interest allowance to both Liam and Katano
equal to 12% of their beginning-of-year capital balance, and any
balance based on a 1:3 ratio, respectively. At the end of their
first year, December 31, 2020, the Income Summary had a credit
balance of $45,000. Liam withdrew $22,000 during the year and
Katano $39,000.
Required:
1. Determine each partner’s share if the first-year profit
was $45,000. Prepare the entry to close the Income Summary on
December 31, 2020. (Leave no cell blank. Enter "0" when the
answer is zero. Negative answers should be indicated by a minus
sign.)
2. Calculate the balance in each partner’s capital
account at the end of their first year. (Negative answers
(i.e. debit account balances) should be indicated by a minus
sign.)
In: Accounting
As part of the duties of a digital forensics examiner, creating an investigation plan is a standard pactice. Write a paper that describes how you would organize an investigation for a potential fraud case. In addition, list methods you plan to use to validate the data collected from drives and files, such as Word and Excel, with hashes. Specify the hash algorithm you plan to use, such as MD5 or SHA1.
In: Computer Science
Why do some gradients change frequencu while others change phase in MRI?
In: Physics
play "Innovation Simulation: Breaking News"
This online simulation, you will manage the innovation process for The Citizen Sun, a struggling newspaper company. Working with limited time and budget, students design innovation initiatives-open innovation campaigns, customer focus groups, internal R&D projects-to generate a pool of innovation ideas. You will then review, test, and make a selection from among those ideas in order to choose the best possible innovation for The Citizen Sun news organization. The simulation teaches students about managing the innovation process, the different modes of innovation, idea generation and selection, and the role of organizational context in innovation.
After simulation write a 2 page brief about your outcomes and observations of this simulation.
In: Operations Management
An optical interferometer can detect a displacement of 0.1?, or ?50nm.
At what speed would a 3.0m stick "shrink" by 50 nm? Hint: Use the binomial approximation.
In: Physics
16 Let ? have a normal distribution with ?(?) = 0.2 and ??(?) = 0.08. a. Find ?(? < 0.36) e. Find ? such that ?(? ≤ ?) = 0.05. b. Find ?(? > 0.16) f. Find ? such that ?(? ≥ ?) = 0.10. c. Find ?(? ≥ 0.60) g. Find ? such that ?(? > ?) = 0.80. d. Find 0.28 < ? ≤ 0.40) h. Find ? such that ?(? < ?) = 0.95.
In: Math
how to solve the binary bomb phase 3.. what is the password
In: Computer Science
In: Operations Management
In: Operations Management
A friend has approached you for advice because they know you are in an investments class. The friend’s grandfather has made a gift to the friend of $25,000 with the requirement that the money be used to invest in a minimum of 5 individual stocks. (The grandfather is an old-school stock investor and feels strongly that investing in stocks will help your friend understand the markets and the economy and will improve your friend’s decision-making skills.)
What are the three things you would want your friend to understand before they begin investing? In addition to those three things, how would you advise your friend to go about evaluating what stocks to choose? (You are not recommending a stock, you are advising them how they can choose a stock.) Finally, would you suggest they go about executing their transactions?
In: Finance
) Consider a 1.5-m-high and 3-m-wide glass window whose thickness is 6 mm and thermal conductivity is k = 0.88 W/m · °C. Determine the steady rate of heat transfer through this glass window and the temperature of its inner surface for a day during which the room is maintained at 27°C while the temperature of the outdoors is -7°C. Take the convection heat transfer coefficients on the inner and outer surfaces of the window to be h1= 11 W/m2 · °C and h2 =26 W/m2 · °C, and disregard any heat transfer by radiation
In: Mechanical Engineering
Explain the physiological differences between hyperoxic acute lung injury (HALI) and oxygen therapy in the context of:
In: Nursing
Develop a prototype for education system
write a 2-page paper addressing the topics/questions below
-Create your prototype.
-Describe your prototype and the process that you used to develop it.
-How will your prototype help you get feedback on your idea? What concepts are represented by your prototype?
-Tell me why you think your prototype will help you get valuable information from potential users.
In: Operations Management
Develop a prototype for education system
write a 2-page paper addressing the topics/questions below
-Create your prototype. I
-Describe your prototype and the process that you used to develop it.
-How will your prototype help you get feedback on your idea? What concepts are represented by your prototype?
-Tell me why you think your prototype will help you get valuable information from potential users.
Education System:
In: Operations Management