Questions
On December 1, 2021, Liang Chemical provides services to a customer for $86,000. In payment for...

On December 1, 2021, Liang Chemical provides services to a customer for $86,000. In payment for the services, the customer signs a three-year, 12% note. The face amount is due at the end of the third year, while annual interest is due each December 1.

Required:

1. Record the acceptance of the note on December 1, 2021.
2. Record the interest collected on December 1 for 2022 and 2023, and the adjustment for interest revenue on December 31 for 2021, 2022, and 2023.
3. Record the cash collection on December 1, 2024.

Prepare the journal entries for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

In: Accounting

A manufacturer of a specific pesticide useful in control of household insects claims that after six...

A manufacturer of a specific pesticide useful in control of household insects claims that after six months on the shelf, the variance of the amount of active ingredient among cans is no more than 4 grams2. A consumer group obtained a random sample of 20 recently produced cans of the pesticide from the manufacturer. The cans were stored for 6 months and then individually tested for the amount of active ingredient. The sample variance of the 20 cans was 6.2 grams2. a. Is there sufficient evidence to indicate that the population variance of active ingredient has more variability after 6 months than that claimed by the manufacturer? Use α=.05. b. To what population does your conclusion formally apply? What distributional assumptions must be made about the amount of active ingredient in a can of pesticide?

In: Math

What equal annual amount must be deposited for 10 years in order to provide withdrawals of...

What equal annual amount must be deposited for 10 years in order to provide withdrawals of $200 at the end of the second year and increasing by 25% per year until the end of tenth year? The interest rate is 10% compounded annually.

In: Economics

What is the difference between brand extension and product extension? What are the advantages and problems...

What is the difference between brand extension and product extension? What are the advantages and problems associated with these strategies?

In: Operations Management

Describe what metrics marketers interested in knowing that are not reported in the standard financial statement?

Describe what metrics marketers interested in knowing that are not reported in the standard financial statement?

In: Operations Management

Gravity is the longest acting (in terms of distance) and the weakest of the four fundamental...

Gravity is the longest acting (in terms of distance) and the weakest of the four fundamental forces in the universe. If gravity is so weak, why does it affect all of our lives? Give an example of gravity working in your own life and the universe as a whole.

In: Physics

Analyze and expain in 3 paragraphs, Smith’s argument about how to think about Western and non-Western...

Analyze and expain in 3 paragraphs, Smith’s argument about how to think about Western and non-Western philosophy.

In: Psychology

Case study Description Faisal is a successful architect who is trying to use the extra time...

Case study Description Faisal is a successful architect who is trying to use the extra time that he has during the coronavirus crisis in a simple way. He decides to focus on an ambitious new project. In this project, he and his team of architects, engineers, and developers will build a house specifically for living on the sea. It will be stable and safe in waves up to five meters high. A family of five will be comfortable living in it. Faisal and his team decide to make the house simple but beautiful. Since real estate can be expensive, Faisal decides to make the house cost less than USD 400,000. There will be a dock that will be attached to it which can lift boats out of the water and automatically wash them, in order to keep them from rusting. To make it so that it could float in areas close to cities in the Arabian Gulf, the house is designed so that it does not need water any deeper than two meters deep in order to be stable and floating. To help the family to be able to travel back and forth comfortably to their floating home in any type of weather, Faisal offers a special boat that can handle high waves.

Explain which methods of simplicity have been applied in this case study. Mention at least 3 different methods and provide clear reasons for choosing these methods.

In: Mechanical Engineering

Unit Exercise 1 One argument in the debate surrounding globalization is about the inequality between developed...

Unit Exercise 1 One argument in the debate surrounding globalization is about the inequality between developed and developing nations. Explain how reduced barriers to trade and investment might help reduce this inequality.

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In: Operations Management

You would like to expand overseas into a country like India. What issues do you have...

You would like to expand overseas into a country like India. What issues do you have to be concerned about in marketing your product in a foreign county?   What avenues or services are available to you if you wanted to market your product overseas? Describe each of the ways.

In: Operations Management

This question contains multiple parts; be sure to answer each. First, what is motivation, and why...

This question contains multiple parts; be sure to answer each.

First, what is motivation, and why is it important for managers to understand how motivation works?

Second, suppose that you are the manager of a Salvation Army store. People make donations to the store as charitable contributions, and then the store sells the items to raise money for its charitable projects (mostly designing programs to offer immediate relief, short-term care and long-term growth in the areas that will best benefit the community). Name at least one extrinsic and one intrinsic reward you might use to motivate employees at the store.

In: Operations Management

Three capacitors of 2.00 nF, 5.00 nF and 7.00 nF are connected in series to a...

Three capacitors of 2.00 nF, 5.00 nF and 7.00 nF are connected in series to a source

with a potential difference of 9.00 V.

a)What is the equivalent capacitance?

b) What is the the charge in each capacitor, and what is the potential difference across

each capacitor?

c) What is the energy stored in each capacitor?

9) Repeat 8 with the same three capacitors in parallel. How is this different than the

result in series?

In: Physics

Draw the mechanism for the formation of the carbocation obtained. Explain why the solution of this...

Draw the mechanism for the formation of the carbocation obtained. Explain why the solution of this carbocation is colored. See below for information on the experiment:

To test for a carbocation in a lab, we did the following:

1) Dissolve a small amount of diphenylmethanol into methanol, and add concentrated sulfuric acid dropwise. This caused the solution to turn yellow/orange.

2) Dissolve a small amount of benzophenone into methanol, and add concentrated sulfuric acid dropwise. The solution remained clear.  

In: Chemistry

1. How is Juul working with the FDA to limit access to Juul’s products by teenagers?

1. How is Juul working with the FDA to limit access to Juul’s products by teenagers?

In: Operations Management

whats data earehouse design? list some pos and cons how we implement dimensional data models in...

whats data earehouse design? list some pos and cons

how we implement dimensional data models in a data base covering relational implementation and multidimesional implementation.

whats the process like of designing the data stucture of a warehouse.

In: Computer Science