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 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 $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 associated with these strategies?
In: Operations Management
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 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
In: Psychology
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 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 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 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 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 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?
In: Operations Management
In: Computer Science