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The following events concern Anita LeTourneau, a Manitoba law school graduate, for March 2017: 1. On March 4, she spent $20 on a lottery ticket. 2. On March 7, she won $250,000 in the lottery and... For the following indicate what primate (human or non-human) matches the characteristics that are listed. 1) These are found in heavily forested areas of Borneo and Sumatra, males are 200lbs and... (2.) This is a computational question on the Classical model of trade. Its primary purpose is to solidify concepts, clarify absolute advantage and comparative advantage, and demonstrate the... E-Education is a new start-up that develops and markets MBA courses offered over the Internet. The company is currently located in Chicago and employs 150 people. Due to strong growth the company... Using the Humble Pies Case Study details and financials: 1. Compute the Margin of Safety using the financials (10 points) 2. Compute the Contribution Margin (all 3)(10 points) 3. Develop a... Financial data for Bingham Company for last year appear below: Bingham Company Balance Sheet For the years ended Dec 31 2018 and 2019 ASSETS Dec 31, 2018 Dec 31, 2019 Cash 135,000 266,000 Accounts... The following were some transactions that Albert Stevens, an interior designer, completed in the month of September 2016. His accountant is preparing the financial statements for Albert Stevens... Companies can choose the fair value option for investments that otherwise would be accounted for under the equity method. If the fair value option is chosen, the investment is shown at fair value in... For each of the following scenarios, indicate whether or not independence-related SEC rules are being violated, assuming that the audit entity is a public company. Briefly explain why or why not. a.... A method of separating cyclopentadiene from a stream containing other C3 hydrocarbons has been proposed in which the cyclopentadiene is dimerized to dicyclopentadiene and the C1,'s separated from the... On December 31, Year 1, P Company purchased 80% of the outstanding shares of S Company for $7,900 cash. The statements of financial position of the two companies immediately after the acquisition... Coyle Company manufactured 6,000 units of a component part that is used in its product and incurred the following costs: Direct materials $35,000 Direct labor 15,000 Variable manufacturing overhead... You are a new supervisory accountant at Sportsman Company, reporting to the controller. On your second day with Sportsman, a junior accountant quit his job with no notice. One day later, it is time... Impairment under IFRS: Example 1: Company D purchased Company E for $900,000. Company E has two cash-generating units: CGU1 and CGU2. The carrying value is allocated as follows: CGU 1 CGU2 Net assets... The Old English Garden Shop is a retail store that sells garden equipment, furniture, and supplies. Its credit purchases and purchases returns and allowances for July are listed below. The general... A manufacturing plant make wind mill assemblies & can produce 50 units in a month in two period of 15 days each ; following is the data for number of defects arising per month. Month JAN FEB MAR APR... As a new operations supervisor, Clarise Rogers was conscientious about wanting to do a good job and pleasing her boss. She spent a large part of the day watching her employees perform their jobs,... Your customer The Bike Zone wishes to profit from your new initiative, which promises one free off-road helmet for each mountain bike ordered. A single position can be marked as Free of Charge Item... Wendy and Frank Kampe, 30 and 35, are considering the purchase of life insurance. Wendy doesnt have any coverage whereas Frank has a $150,000 group policy at work. The Kampes have two young children,... Given an array of integers of any size, n 4, write an algorithm as a pseudo code (not a program!) that would reverse every two consecutive elements of the left half of the array (i.e. reverse... The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $70,720 $47,940 Accounts receivable (net) 207,230 188,190... Rossi Lake Resort reported the following on its balance sheet at December 31, 2018: Requirements 1. Journalize Rossi Lake Resort's plant asset purchase and depreciation transactions for 2019. 2.... MacAfee Corp. has basic earnings per Class A common share of $2.61. MacAfee has a tax rate of 25%. The average share price during the year was $47. Review each of the following items: Class B... Pharma Drug Store is a pharmacy in Portland, Maine, owned by Jane Smith, a local pharmacist. Pharma business has been good, but Ms. Smith finds that she frequently runs out of cash. To date, she has... Lori Cook, manager of the Winter Park Hotel, is considering how to restructure the front desk to reach an optimum level of staff efficiency and guest service. At present, the hotel has five clerks on... Steves Shoe Makers Inc. (SSM), a company that is publicly traded on the New York Stock Exchange, manufactures and distributes high-performance athletic footwear and apparel. Established in... . Directions Compute the following ratios using the Bosch Corporation Income Statement and Balance Sheet in Excel (preferred) or Word and submit the completed activity. This Activity is worth 100... Pike Corporation paid $100,000 for a 10% interest in Salmon Corp. on January 1, 2013, when Salmon's stockholders' equity consisted of $800,000 of $10 par value common stock and $200,000 retained... For the fiscal year ending December 31, how will consolidated net income of this business combination be determined if Hill acquires all of Lorings stock? a.Hills income for the past year plus... White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass... Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear next: Materials Inventory BB (11/1) 40,000 130,000 99,000 Work-In-Process Inventory BB... On January 1, 2017, Fargo Corp. enters into a ten-year non-cancellable lease with Wells Ltd. for equipment having an estimated useful life of 11 years and a fair value of $6,000,000. Fargo's... Suppose that the market for black sweaters is a competitive market. The following graph shows the daily cost curves of a firm operating in this market. For each price in the following table,... Bluegill Company sells 9,900 units at $140 per unit. Fixed costs are $69,300 and income from operations is $900,000. Determine the following: Round the contribution margin ratio to two decimal... A friend of yours, Anika Valli, has decided to open a spa to serve her small resort town of about 7,000 people and 4 million tourists annually. She has named the business All About You Spa to convey... Cost Analysis 2: Piston Corporation's products are replacement automobile parts. Piston had experienced a rather stable growth in sales in recent years and had been required to increase its capacity... STARTER CODE: # 0. Place your necessary imports here. You may find it useful to be able to plot when debugging and visualizing your result. import numpy as np # 1. Create a 1D vector named `t` and 2D... Stan Aiken changed employers during 2016 and, as a result of the change, moved 150 kilometers, from Windsor to London. His new employer was located in London and reimbursed 50 percent of Stan's... A professor suggests that her college students will attend class more if quizzes were given in every class. To demonstrate the need for this change, the professor records the attendance of students... Stephanie Barnes and Layla Taylor formed a partnership, Design Pros Imaging, last May. Each person contributed assets to the business and both partners work full-time in the business. The business... A sample program execution is provided at the end of the document, to help you visualize and understand what the program should do. You should use the same input as the sample program, for the... Cool Care, an SEC registrant and a hospital operator in the United States, acquired all of the outstanding common stock of Healthy Hearts, an unrelated third party that operates specialty hospitals... Investing involves making informed decisions, which means researching companies and industries before plunking down your hard-earned money! An excellent source of information about a company is the... Franklin Furniture produces tables and chairs at its East-side plant for use in university classrooms. The unit profit for tables is $70, while that for chairs is $30. Tables and chairs are... One concern held by some scientists is that while investments required to slow global climate change may be expensive, over the long term the loss of ecosystem services (pollination of crops,... You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data is provided. Problem 1: What dollar amount of the total variance is... Word Wizard is a publishing company with a number of different book lines. Each line has contracts with a number of different authors. The company also owns a printing operation called Quick Press.... The Darwin Company reports the following information: Sales $76,500 Direct materials used 7,300 Depreciation on factory equipment 4,700 Indirect labor 5,900 Direct labor 10,500 Factory rent 4,200... Crux, Inc., produces amplifiers. Each unit sells for $900. Below is information on production/sales and costs for 2016: Production and Sales in Units Production Costs Selling and Admin. Costs January... Lukas Nelson and his wife, Anne, and their three daughters had been living in their house for over five years when they decided it was time to make some modest improvements. One area they both agreed... Evelyn Vollmer orally agreed to loan Danny Lang 150,000 to make an investment in a local nightclub. The loan was to be repaid from the profits received from the investment. Their agreement was never... Contingencies Fallon Company, a toy manufacturer that also operates several retail outlets, is preparing its December 31, 2016, financial statements. It has identified the following legal situations... Betty DeRose, Inc. uses job order costing. Manufacturing overhead is applied to jobs using a PDR of 140% of direct labor cost. Additional information is as follows: a. Job #101 was the only job in... Jasper Fruits Corporation wholesales peaches and oranges. Barbara Jasper is working with the companys accountant to prepare next years budget. Ms. Jasper estimates that sales will increase 5 percent... The Reward One Company manufactures windows. Its manufacturing plant has the capacity to produce 12,000 windows each month. Current production and sales are 10,000 windows per month. The company... The Post Office wants to establish a weekly schedule that can be reused for the future. The Post Office hires both full-time and part-time employees that work 5-day shifts. In other words, if an... On May 1, Soriano Co. reported the following account balances along with their estimated fair values: Carrying Amount Receivables Inventory Copyrights Patented technology Fair Value 47, 300 84,200... Jim Anderson is a training specialist in the human resource department of a large pharmaceutical company. In response to a recent company wide survey, Jim specifically designed a 6-week training... Glucose + 2 Pi + 2 ADP 2 lactate + 2 ATP + 2 H 2 O. The overall glycolysis reaction shown above occurs in eleven enzyme-catalyzed steps. If the sole consideration is to produce ATP, four of these... On December 31 of last year, Maria gave her daughter, Chelsea, a gift of a 25% interest in a partnership in which capital is a material incomeproducing factor. For the current calendar year, the... Download the Applying Excel form and enter formulas in all cells that contain question marks. The Chapter 2 Form worksheet is to be used to create your own worksheet version of the example in the... Idea furniture manufactures and sells a range of household furniture items and goods. Nitika Singh, Idea's management accountant, has been given the task of compiling the company's standard costs, as... Zoe Garcia is the manager of a small office support business that supplies copying, binding, and other services for local companies. Zoe must replace a worn-out copy machine that is used for black... You are the internal audit senior responsible for conducting an assurance engagement of the XYZ Company payroll process. This process has not been audited for three years and, as such, is due in the... The following data were obtained from 3 separate enzyme kinetic experiments using 3 different substrates S1, S2 and S3 forming products P1, P2 and P3 respectively . The amount of enzyme in each... Stevenson Company is divided into two operating divisions: Battery and Small Motors. The company allocates power and general factory costs to each operating division using the direct method. Power... Analyze the events chronologically, one transaction at a time, beginning with the transaction on May 1st For each transaction that follows the May 1st transaction, calculate the balance in each... Your retirement annuity is about to start paying, but you have to make a choice in how you want the money to be paid out to you. You can receive $300,000 all up front (t=0), or choose to get 48... On Monday, Jim agrees to pave Sarahs driveway for $3,000 on Saturday and Sarah gives Jim a check postdated to Saturday for $1,000 to allow Jim to buy the asphalt On Wednesday, Sarah stops payment as... A thin steel plate with the profile shown below is subjected to an axial load. Approximate the deflection and the average normal stresses along the plate using the model shown in the figure. The... Luggage delivery Assign deliveryCost with the cost (in dollars) to deliver a piece of baggage weighing baggageWeight. The baggage delivery service charges twenty dollars for the first 50 pounds and... Ms. Tanja Umstead is 46 years old and lives in Richmond, British Columbia. She is in good health and works in the sales department of a large publicly traded company. Tanjas Personal Information: 1.... The graph below displays the sample sizes and percentages of people in different age and gender groups who were polled concerning their approval of Mayor Ford's actions in office. The total number in... A feed rate of 200 gpm of a hydrocarbon mixture at 70C is being pumped from a tank at 1 atm abs pressure to a distillation tower. The density of the feed is 46.8 lb./ft' and its vapor pressure is... a. How much cash does Patterson have on hand relative to its total assets? b. What proportion of Patterson's assets has the firm financed using short-term debt? Long-term debt? c. What percent of... The Noname Computer Company builds a computer designated model ICU2. It imports the motherboard of the computer from Taiwan, but the company inserts the sockets for the chips and boards in its plant... A circle of radius r centered at the point (0,r) in the plane will intersect the y-axis at the origin and the point A=(0,2r), as pictured below. A line passes through the point A and the point... Create an ER diagram for the Daycare. The daycare keeps track of every family. A family can have two parents, an unlimited number of children, current address for parent 1, current address for parent... You understand that database technology can dramatically improve your ability to analyze information, compared to spreadsheet technology, and assist you in developing your strategic plans for the... As a manager, how would you respond to each of the following situations? What kind of helpful advice can you give to each party? a. Alton gets angry when several of the people he works with talk... Dr. Harold Wolf of Medical Research Corporation (MRC) was thrilled with the response he had received from drug companies for his latest discovery, a unique electronic stimulator that reduces the pain... Blossom Industries Corp. purchased the following assets and also constructed a building. All this was done during the current year. Assets 1 and 2 These assets were purchased together for $124,000... Web Site Development A nonprofit organization would like you to lead a Web site development project. The organization has Internet access that includes space on a Web server, but no experience... Determine the maximum flow rate for the clarification of a suspension of lysed Escherichia coli cells by a plant scale disk centrifuge based on laboratory data. The plant centrifuge has a bowl... A parcel service wants to establish a weight value c, beyond which there will be an additional charge. The weight of parcels handled by this service is normally distributed with a mean of 6.4 kg and... Acme Manufacturing produces corrugated board containers that the nearby wine industry uses to package wine in bulk. Acme buys kraft paper by the ton, converts it to heavy-duty paperboard on its... Following is the current balance sheet for a local partnership of doctors: The following questions represent independent situations: a. E is going to invest enough money in this partnership to... Journalize the transactions for the month of July. July 1 Judar deposited $135,000 in a bank account for the purpose of buying Blast Off! The business is a recreation area offering three large... 1. You are working for the United States Forest Service. You are manning a fire tower near Pilot Knob, Missouri. You spot a fire that is on a bearing of N 80 E from your location. You call another... 1.Prior to Risk Management Information Gathering Exercise discussed earlier in the chapter case, consider the challenges of the newly formed project team in undertaking Risk Management in such a... Assume the following four scenarios: E(Click the icon to view the scenarios.) Requirement In each of the four scenarios, determine whether the corporation is a personal holding company. Assume the... To make things more reasonable, lets look at a simpler example. Suppose Fred and Maria are going to divide a cake using the divider-chooser method. However, Fred is only entitled to 30% of the cake,... ABC Airlines first class cabins have 10 seats in each plane. ABCs overbooking policy is to sell up to 11 first class tickets, since cancellations and no-shows are always possible (and indeed are... Chapman Company obtains 100 percent of Abernethy Companys stock on January 1, 2020. As of that date, Abernethy has the following trial balance: Debit Credit Accounts payable $ 56,700 Accounts... Q4. Review the accounts receivable lead sheet memo and related workpapers (AR.3.1 to AR.3.4). Evaluate the auditors' tickmarks, comments, and explanations in the memo and on the lead sheet. Identify... The company controller, Barry Melrose, has asked for your help in interpreting the authoritative accounting literature that addresses the recognition and measurement of impairment losses for... This problem uses fuel economy data in miles per gallon (mpg) taken from the following US Department of Energy website: http://www.fueleconomy.gov/feg/download.shtml. The data files you have been... 1. What pressures and forces from the environment led Stringer to change the balance between centralizing and decentralizing authority at Sony? 2.how would you describe Stringers approach to... iCompany manufactures two models of tablets. The 8-inch Model is a smaller unit with less features. The larger 12-inch Model provides not only a larger screen but also increased memory to hold more... The following chart shows the selling price, in thousands of dollars, of houses sold last month in Corner Brook, Newfoundland: a. How many homes were studied? b. What is the class interval? c. One...
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