information that is not generally known to the public. Ch. 5 8. a. Inv-Sale = Ave. Inventories (CGS / 365) ( (500k+400k)/2 ) / (900k/365) = 182.5 days b. Sales – Cash = Ave Receivables (Net Sales/365) =( (280k+200k)/2 ) / (1.5M/365) = 58.4 days C. Purchase-Pmt = Ave Payables + Ave Accrued Liabilities (COGS / 365) = (160k+130k)/2+(70k+50k)/2 / (900k/365) = 83.1 D. CCC= 182.5 + 58.4 – 83.14 = 157.8 9. a | 2009 | 2010 | Net Sales | $900‚000 | $1‚500‚000 | Net
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E13-11 (a) Prepare 2014 entries for Crow using the expense warranty approach. Assume that Crow estimates the total cost of servicing the warranties will be $120‚000 for 2 years. Warranty Liability………….$20‚000 Warranty Cash …………………...$20‚000 (Warranty cash incurred) Warranty Expense …............120‚000 Warranty Liability……………….....120‚000 (To accrued estimated warranty cost) (b) Prepare 2014 entries for Crow assuming that the warranties are not an integral part
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7‚ & 8 A - They have different missions (1) C - Provide services to constituents (3) C - There may not be a direct relationship between revenues raised and the demand for the entity’s services (4) B - GASB (5) D - Do not issue common stock (7) Ch. 2: Question for Review and Discussion 12. In addition to answering question 12‚ provide a response in 150-350 words differentiating between a budget and a Comprehensive Annual Financial Report (CAFR). What is a CAFR? What are its main components? The
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Question 1.1 Tried and True Clothing has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity? Blacksburg 12‚000/60=200 Problem 1-2 Tried and True’s accountant (from Problem 1-1) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations. Annandale pays the highest average wage at $6.75 an hour. Blacksburg pays $6.50 an hour‚ Charlottesville
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larger quantities at a cheaper cost to the consumer. High risks are associated by these modified vaccines causing deadly nerve disease‚ respiratory infections‚ and myalgia just to name a few that are labeled on a GMO vaccine to fight Influenza. 2. What are your personal thoughts on genetic engineering? Do you think genetic engineering provides useful information for the scientific investigation of our natural world or do you think that we should not "mess with Mother Nature"? Explain and support
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balance” (Hoeger and Hoeger‚ Chapter 5‚ p. 163). Drawing from the quote above‚ please use the outline below to create an Empressr (Empressr Instructions) presentation this week: 1. Describe the current obesity trends in the United States. What factors have lead to this epidemic? What health issues have resulted from it? 2. Discuss the consequences of excessive body weight. How are individuals affected physically and emotionally by overweight and obesity? In addition to the increased risk
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C:2‑3 Bruce and Bob organize Black LLC on May 10 of the current year. What is the entity’s default tax classification? Are any alternative classification(s) available? If so‚ (1) how do Bruce and Bob elect the alternative classification(s) and (2) what are the tax consequences of doing so? If Bruce and Bob are the only owners by default they will be billed as if they were a partnership. If they chose to‚ they could be taxed as an S Corp. The choice between the two is based on their expected income
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Net pay is gross pay minus deductions. Assume that deductions are taken for tax withholding (30 percent of gross pay) and parking ($10 per month). You will need the following variables: Analysis Process: 1. Display a program title. 2. Prompt for the Employee ID 3. Prompt for the Hourly rate. 4. Prompt for Regular hours. 5. Prompt Overtime hours. 6. Add net and subtract tax’s equal gross. 7. Divide tax to gross. 8. Display the net. Input: Item Employee
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add in profit. 4-1. Solution: Philip Morris Beginning cash $100‚000 – Asset buildup (250‚000) (1/2 × $500‚000) Profit 90‚000 (9% × $1‚000‚000) Ending cash ($60‚000) Deficit 2. Growth and financing (LO4) In Problem 1 if there had been no increase in sales and all other facts were the same‚ what would Philip’s ending cash balance be? What lesson do the examples in Problems 1 and 2 illustrate? 4-2. Solution: Philip Morris (continued) Beginning cash $100‚000 No asset buildup ----- Profit 45‚000
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1) Net velocity = 3 cos 55°= 1.72‚ 3 sin 55°-2 = .46 1.72 + .46 = 1.78 m/s Direction traveled will be 14.97° NW. 2) Total distance from you: √50km2 + 2.1km2 + 1.5km2 = 50.067 km from you. Relation to x-axis: = 90° + arccos(2.1/50.067) = 177.59° Relation to y-axis: = arccos(1.5/50.067) = 88.28° 3) Horozontal distance covered is 0+ 1100 * 0.32 = 352m traveled horizontally Vertical distance traveled is -1/2(-9.8)(.32)2 = .502 m traveled vertically 4) If he is 8m from the pool edge and 20m
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