I SEE THE LIGHT (ISTL) is a subchapter S corporation that manufactures children's lamps/nightlights for use...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
I SEE THE LIGHT (ISTL) is a subchapter S corporation that manufactures children's lamps/nightlights for use in bedrooms. These lamps are sold nationwide through a group of independent sales representatives who have an exclusive sales region. The business is in its tenth year and has asked you to assist in planning for next year's operations. The lamps are ceramic figurines of animals, boats, boys and girls playing and singing, all in delightful colors. The owner of the business, Big Al, creates a drawing for the figurine and faxes it to a plant in China where a mold is created and a sample produced and hand painted. If the mold meets the expectations of Big Al an order of 500 lamp parts is placed. Each lamp kit consists of the parts required to complete one lamp; a figurine, a lamp shade and the required electrical components. There are presently 10 different figurines that come in six different colors; 60 models. There are presently 10 workers in the plant. They are responsible for receiving the raw material, manufacturing the product, packing and shipping. In addition to Big Al there are two office workers who are responsible for all administrative duties. Big Al had his accountant prepare the Projected Income Statement and Balance Sheet presented on page two. Big Al heard about your skills in managerial accounting and would like your assistance in the following areas: Part 1 Part 2 Part 3 Part 4 Part 5 Part 6 Part 7 Fixed and Variable Cost Determinations - Unit Cost Calculations Cost Volume Relationships - Profit Planning Budgets Process Costing Job Order Costing Standard Costing - Variance Analysis Capital Decision Making To upload your work to Big Al the file without changing the name. Pay attention to the specific location that Excel saves the file. Return to the bottom of the page that you downloaded the file from; Cybertext.com, The Book List, Building Blocks of Accounting--A Managerial Perspective, Enter password, Upload Your Excel File. If you upload an old version of the file the results will not update. Keep two copies of your spreadsheet in two separate places in case one of Big Al's competitors sends someone to destroy your work or it is lost in transmission. You may find it easier to work on this project if you print a hard copy of all the pages. NOTE: If there are any questions about the project e-mail markfriedman@miami.edu or call 305.284.6296. Grade will be based upon answers entered into the shaded boxes. Sales Cost of Goods Sold Gross Profit Selling Expenses: Current Assets Cash Accounts Receivable Inventory Fixed Variable Administrative Expenses: Fixed Variable Total Selling and Administrative Expenses: Net Profit Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets I See The Light Projected Income Statement For the Period Ending December 31, 20x1 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock 25,000 lamps @ $45.00 @ $30.00 (Commission per unit) @ $3.00 Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity @ $2.00 $ 23,000.00 75,000.00 $ 98,000.00 $ 42,000.00 50,000.00 I See The Light Projected Balance Sheet As of December 31, 20x1 500 @ $16.00 0 3000 @ $30.00 92,000.00 $ 20,000.00 6,800.00 $ 12,000.00 147,410.00 EM $ 1,125,000.00 750,000.00 $ 375,000.00 $ $ $ $ $ $ 190,000.00 185,000.00 34,710.00 67,500.00 8,000.00 90,000.00 200,210.00 13,200.00 213,410.00 54,000.00 54,000.00 159,410.00 $ 213,410.00 PART 1 Fixed and Variable Cost Determinations Unit Cost Calculations The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are: Lamp Kit: Direct Labor: Variable Overhead: Fixed Overhead: Cost per lamp: $16.0000000 per lamp 2.0000000 per lamp (4 lamps/hr.) 2.0000000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) $30.0000000 per lamp Expected increases for 20x2 When calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 5.00%. 2. Labor Costs are expected to increase by 5.50%. 3. Variable Overhead is expected to increase by 3.50%. 4. Fixed Overhead is expected to increase to $285,000. 5. Fixed Administrative expenses are expected to increase to $62,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.00%. 7. Fixed selling expenses are expected to be $39,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 2.50%. On the following schedule develop the following figures: 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp. 2- 20x2 Projected Variable Unit Cost per lamp. 3- 20x2 Projected Fixed Costs. Variable Manufacturing Unit Cost Lamp Kit Labor Variable Overhead Projected Variable Manufacturing Cost Per Unit Total Variable Cost Per Unit Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost Projected Total Variable Cost Per Unit Schedule of Fixed Costs Fixed Overhead (normal capacity of Fixed Selling Fixed Administrative Projected Total Fixed Costs lamps @_) I See The Light, Inc Schedule of Projected Costs 20x1 Cost 20x1 Cost 20x1 Cost 16 2 2 Projected Percent Increase 5 5.5 3.5 Projected Percent Increase 2.5 Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places $ $ $ $ 20x2 Cost Rounded to 2 Decimal Places $16.80 $2.11 $2.07 20x2 Cost $20.98 2.06 2.05 20.98 25.09 {4.01} {4.02} {4.03} {4.04} 386,000.00 {4.05} {4.06} {4.04} {4.07} 285,000.00 {4.08} 39,000.00 {4.09} 62,000.00 {4.10} {4.11} 1. 2. 3. Cost Volume Relationships - Profit Planning Big Al is about to begin work on the budget for 20x2 and they have requested that you prepare an analysis based on the following assumptions. Note: Remember, that we cannot sell part of a lamp, therefore to find the number of units you have to round up to the next complete unit. Furthuremore, to find the required sales in dollars it may be easier to find the number of units and then multiply by the selling price per unit. For 20x2 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution margin ratio for each lamp sold? Contribution Margin per unit (Round to two places, $###.###) Contribution Margin Ratio (Round to four places, % is two of those places ###.###%) For 20x2 the selling price per lamp will be $45.00. The desired net income in 20x2 is $185,000. What would sales in units have to be in 20x2 to reach the profit goal? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) For 20x2 the selling price per lamp will be $45.00. If the fixed cost increase by $60,000.00 how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) $19.91 44.24% 28,680 units 22,401 units {5.01} {5.02} {5.03) {5.04} 4. 5. 6. 7. For 20x2 the selling price per lamp will be $45.00. If the variable cost increase by $6.00 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) For 20x2 the selling price per lamp will be $45.00. If the variable cost decreased by $6.00 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) If for 20x2 the selling price per lamp is increased to $51.00 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) If for 20x2 the selling price per lamp is decreased to $39.00 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 27,750 units 14,898 units {6.01} (6.02) 14,898 units (6.03) 27,750 units {6.04} PART 3 Budgets Division N has decided to develop its budget based upon projected sales of 43,000 lamps at $48.00 per lamp. The company has requested that you prepare a master budget for the year. This budget is to be used for planning and control of operations and should be composed of: 1. Production Budget 2. Materials Budget 3. Direct Labor Budget 4. Factory Overhead Budget 5. Selling and Administrative Budget 6. Cost of Goods Sold Budget 7. Budgeted Income Statement 8. Cash Budget Notes for Budgeting: The company wants to maintain the same number of units in the beginning and ending inventories of work-in-process, and electrical parts while increasing the inventory of Lamp Kits to 725 pieces and decreasing the finished goods by 20%. Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods Total Needed Less: Beginning Inventory Total Production 43000 2400 45400 42,400 units {7.01} 2 Materials Budget Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, $##.##) 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, $##.##) 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, $##.##) Fixed Factory Overhead Total Factory Overhead (Round to two places, $##.##) $ $ $ $ $ $ $ $ 42,400 units 725 units 43,125 units 500 units 42625 16.80 716,100.00 2.11 42,400 units 89,464.00 20.9800000 725 units 15,210.50 285,000.00 300,210.50 {8.01} {8.02} {8.03} {8.04} {8.05} {8.06} {8.07} {8.08} {8.09} {8.10} {8.11} 4 Factory Overhead Budget Overhead Allocation rate based on: 1. Number of Units Total Factory Overhead / Number of Units (Round to two places, $##.##) 5 Cost of making one unit next year Cost of one Lamp Kit Labor Cost Per Lamp Factory overhead per unit 7 Total cost of one unit (Round to two places, $##.##) 6 Selling and Admin. Budget Fixed Selling Variable Selling (Round to two places, $##.##) Fixed Administrative Variable Administrative (Round to two places, $##.##) Total Selling and Administrative (Round to two places, S##.##) COST OF Goods Sold Budget Beginning Inventory, Finished Goods Production Costs: Materials: Lamp Kits: Beginning Inventory Purchased Available for Use Ending Inventory of Lamp Kits Lamp Kits Used In Production Total Materials: Labor Overhead Cost of Goods Available Less: Ending Inventory, Finished Goods Cost of Goods Sold Round dollars to two places, $##.## (9.01) {9.02} {9.03) {9.04} (9.05} {9.06} (9.07} (9.08) (9.09) {9.10) {9.11} (9.12) (9.13) (9.14) I SEE THE LIGHT (ISTL) is a subchapter S corporation that manufactures children's lamps/nightlights for use in bedrooms. These lamps are sold nationwide through a group of independent sales representatives who have an exclusive sales region. The business is in its tenth year and has asked you to assist in planning for next year's operations. The lamps are ceramic figurines of animals, boats, boys and girls playing and singing, all in delightful colors. The owner of the business, Big Al, creates a drawing for the figurine and faxes it to a plant in China where a mold is created and a sample produced and hand painted. If the mold meets the expectations of Big Al an order of 500 lamp parts is placed. Each lamp kit consists of the parts required to complete one lamp; a figurine, a lamp shade and the required electrical components. There are presently 10 different figurines that come in six different colors; 60 models. There are presently 10 workers in the plant. They are responsible for receiving the raw material, manufacturing the product, packing and shipping. In addition to Big Al there are two office workers who are responsible for all administrative duties. Big Al had his accountant prepare the Projected Income Statement and Balance Sheet presented on page two. Big Al heard about your skills in managerial accounting and would like your assistance in the following areas: Part 1 Part 2 Part 3 Part 4 Part 5 Part 6 Part 7 Fixed and Variable Cost Determinations - Unit Cost Calculations Cost Volume Relationships - Profit Planning Budgets Process Costing Job Order Costing Standard Costing - Variance Analysis Capital Decision Making To upload your work to Big Al the file without changing the name. Pay attention to the specific location that Excel saves the file. Return to the bottom of the page that you downloaded the file from; Cybertext.com, The Book List, Building Blocks of Accounting--A Managerial Perspective, Enter password, Upload Your Excel File. If you upload an old version of the file the results will not update. Keep two copies of your spreadsheet in two separate places in case one of Big Al's competitors sends someone to destroy your work or it is lost in transmission. You may find it easier to work on this project if you print a hard copy of all the pages. NOTE: If there are any questions about the project e-mail markfriedman@miami.edu or call 305.284.6296. Grade will be based upon answers entered into the shaded boxes. Sales Cost of Goods Sold Gross Profit Selling Expenses: Current Assets Cash Accounts Receivable Inventory Fixed Variable Administrative Expenses: Fixed Variable Total Selling and Administrative Expenses: Net Profit Raw Material Lamp Kits Work in Process Finished Goods Total Current Assets Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets I See The Light Projected Income Statement For the Period Ending December 31, 20x1 Current Liabilities Accounts Payable Total Liabilities Stockholder's Equity Common Stock 25,000 lamps @ $45.00 @ $30.00 (Commission per unit) @ $3.00 Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity @ $2.00 $ 23,000.00 75,000.00 $ 98,000.00 $ 42,000.00 50,000.00 I See The Light Projected Balance Sheet As of December 31, 20x1 500 @ $16.00 0 3000 @ $30.00 92,000.00 $ 20,000.00 6,800.00 $ 12,000.00 147,410.00 EM $ 1,125,000.00 750,000.00 $ 375,000.00 $ $ $ $ $ $ 190,000.00 185,000.00 34,710.00 67,500.00 8,000.00 90,000.00 200,210.00 13,200.00 213,410.00 54,000.00 54,000.00 159,410.00 $ 213,410.00 PART 1 Fixed and Variable Cost Determinations Unit Cost Calculations The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are: Lamp Kit: Direct Labor: Variable Overhead: Fixed Overhead: Cost per lamp: $16.0000000 per lamp 2.0000000 per lamp (4 lamps/hr.) 2.0000000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) $30.0000000 per lamp Expected increases for 20x2 When calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 5.00%. 2. Labor Costs are expected to increase by 5.50%. 3. Variable Overhead is expected to increase by 3.50%. 4. Fixed Overhead is expected to increase to $285,000. 5. Fixed Administrative expenses are expected to increase to $62,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 3.00%. 7. Fixed selling expenses are expected to be $39,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 2.50%. On the following schedule develop the following figures: 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp. 2- 20x2 Projected Variable Unit Cost per lamp. 3- 20x2 Projected Fixed Costs. Variable Manufacturing Unit Cost Lamp Kit Labor Variable Overhead Projected Variable Manufacturing Cost Per Unit Total Variable Cost Per Unit Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost Projected Total Variable Cost Per Unit Schedule of Fixed Costs Fixed Overhead (normal capacity of Fixed Selling Fixed Administrative Projected Total Fixed Costs lamps @_) I See The Light, Inc Schedule of Projected Costs 20x1 Cost 20x1 Cost 20x1 Cost 16 2 2 Projected Percent Increase 5 5.5 3.5 Projected Percent Increase 2.5 Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places $ $ $ $ 20x2 Cost Rounded to 2 Decimal Places $16.80 $2.11 $2.07 20x2 Cost $20.98 2.06 2.05 20.98 25.09 {4.01} {4.02} {4.03} {4.04} 386,000.00 {4.05} {4.06} {4.04} {4.07} 285,000.00 {4.08} 39,000.00 {4.09} 62,000.00 {4.10} {4.11} 1. 2. 3. Cost Volume Relationships - Profit Planning Big Al is about to begin work on the budget for 20x2 and they have requested that you prepare an analysis based on the following assumptions. Note: Remember, that we cannot sell part of a lamp, therefore to find the number of units you have to round up to the next complete unit. Furthuremore, to find the required sales in dollars it may be easier to find the number of units and then multiply by the selling price per unit. For 20x2 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution margin ratio for each lamp sold? Contribution Margin per unit (Round to two places, $###.###) Contribution Margin Ratio (Round to four places, % is two of those places ###.###%) For 20x2 the selling price per lamp will be $45.00. The desired net income in 20x2 is $185,000. What would sales in units have to be in 20x2 to reach the profit goal? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) For 20x2 the selling price per lamp will be $45.00. If the fixed cost increase by $60,000.00 how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) $19.91 44.24% 28,680 units 22,401 units {5.01} {5.02} {5.03) {5.04} 4. 5. 6. 7. For 20x2 the selling price per lamp will be $45.00. If the variable cost increase by $6.00 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) For 20x2 the selling price per lamp will be $45.00. If the variable cost decreased by $6.00 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) If for 20x2 the selling price per lamp is increased to $51.00 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) If for 20x2 the selling price per lamp is decreased to $39.00 a unit how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) 27,750 units 14,898 units {6.01} (6.02) 14,898 units (6.03) 27,750 units {6.04} PART 3 Budgets Division N has decided to develop its budget based upon projected sales of 43,000 lamps at $48.00 per lamp. The company has requested that you prepare a master budget for the year. This budget is to be used for planning and control of operations and should be composed of: 1. Production Budget 2. Materials Budget 3. Direct Labor Budget 4. Factory Overhead Budget 5. Selling and Administrative Budget 6. Cost of Goods Sold Budget 7. Budgeted Income Statement 8. Cash Budget Notes for Budgeting: The company wants to maintain the same number of units in the beginning and ending inventories of work-in-process, and electrical parts while increasing the inventory of Lamp Kits to 725 pieces and decreasing the finished goods by 20%. Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods Total Needed Less: Beginning Inventory Total Production 43000 2400 45400 42,400 units {7.01} 2 Materials Budget Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, $##.##) 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, $##.##) 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, $##.##) Fixed Factory Overhead Total Factory Overhead (Round to two places, $##.##) $ $ $ $ $ $ $ $ 42,400 units 725 units 43,125 units 500 units 42625 16.80 716,100.00 2.11 42,400 units 89,464.00 20.9800000 725 units 15,210.50 285,000.00 300,210.50 {8.01} {8.02} {8.03} {8.04} {8.05} {8.06} {8.07} {8.08} {8.09} {8.10} {8.11} 4 Factory Overhead Budget Overhead Allocation rate based on: 1. Number of Units Total Factory Overhead / Number of Units (Round to two places, $##.##) 5 Cost of making one unit next year Cost of one Lamp Kit Labor Cost Per Lamp Factory overhead per unit 7 Total cost of one unit (Round to two places, $##.##) 6 Selling and Admin. Budget Fixed Selling Variable Selling (Round to two places, $##.##) Fixed Administrative Variable Administrative (Round to two places, $##.##) Total Selling and Administrative (Round to two places, S##.##) COST OF Goods Sold Budget Beginning Inventory, Finished Goods Production Costs: Materials: Lamp Kits: Beginning Inventory Purchased Available for Use Ending Inventory of Lamp Kits Lamp Kits Used In Production Total Materials: Labor Overhead Cost of Goods Available Less: Ending Inventory, Finished Goods Cost of Goods Sold Round dollars to two places, $##.## (9.01) {9.02} {9.03) {9.04} (9.05} {9.06} (9.07} (9.08) (9.09) {9.10) {9.11} (9.12) (9.13) (9.14)
Expert Answer:
Answer rating: 100% (QA)
I See The Light Inc Schedule of Projected Costs Variable Manufacturing Unit Cost 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places Lamp Kit 1640 401 Labor 210 402 Variable Ove... View the full answer
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
Posted Date:
Students also viewed these accounting questions
-
The bookkeeper of Vital Inc. has asked you to assist him with the preparation of information about the companys trade receivables for presentation in the statement of financial position at December...
-
A local government agency has asked you to consult regarding acquisition of land for recreation needs for the urban area. The following data are provided: Urban population 10 years ago 49,050 Urban...
-
Big Bend Photo Shop has asked you to determine whether the companys ability to pay current liabilities and total liabilities improved or deteriorated during 2016. To answer this question, you gather...
-
How are the square numbers embedded in Pascals triangle?
-
The following table summarizes the percentage changes in operating income, percentage changes in revenue, and betas for four pharmaceutical firms. a. Calculate the degree of operating leverage for...
-
A 1.5-m-diameter, 4-m-long cylindrical propane tank is initially filled with liquid propane, whose density is 581 kg/m 3 . The tank is exposed to the ambient air at 25°C in calm weather. The...
-
This exercise considers the data described in the Section 13.2.2 ratemaking classification example using data in Table 13.3 Table 13.3 . a. Fit a gamma regression model using a log-link function with...
-
Discuss some of the basic features of an ERP. How do these features distinguish an ERP from an integrated accounting software program?
-
Question 68 3 pts On July 1, 20x1, Sanchez Corporation acquired 3,000 shares (20% ownership) of Beal Corporation common stock at $40 per share plus brokerage fees of $600. The investment of $120,000...
-
In about 100 words, summarize the arguments for and against buying a novel as an electronic book instead of a printed paperback book.
-
X Ltd. has been approached by a customer who would like a special jobto be done for him and is willing to pay ` 22,000 for it. The job would require the following materials : Material Total units...
-
There is a view that professional ethics should pervade the teaching of accounting. Discuss how this can be achieved on an undergraduate accounting degree.
-
Refer to the FRC publication Developments in Audit 2020 and explain what it is proposed to achieve by undertaking a Root Cause Analysis (RCA) review.
-
Carillion, the UKs second-largest construction company, collapsed under a debt pile of 1.5bn on 15 January 2018. What are the wider implications of the Carillion collapse for the accounting...
-
Explain: (i) basic earnings per share; (ii) diluted earnings per share; (iii) potential ordinary shares; and (iv) limitation of EPS as a performance measure.
-
The Big 4 audit firms have had their professional competence found to be lacking on various audits. Critically discuss the measures that have been taken to avoid a reoccurrence.
-
Explain Bessel functions. b ) Explain what is the difference between Modified Bessel and Bessel functions. c ) Potential of modified Bessel and Bessel functions in chemical engineering What are the...
-
Representative data read from a plot that appeared in the paper Effect of Cattle Treading on Erosion from Hill Pasture: Modeling Concepts and Analysis of Rainfall Simulator Data (Australian Journal...
-
Olive Corporation was formed and began operations on January 1, 2014. The corporations income statement for the year and the balance sheet at year-end are presented below. The corporation made...
-
For each of the following situations, indicate the amount of the penalty that could be imposed on the tax return preparer: a. A tax return preparer understates the taxpayers tax liability with a...
-
How much of each of the following is taxable? a. Cheline received a $50,000 gift bag at the Oscars in 2014. b. Jon received a gold watch worth $350 for 25 years of service to his accounting firm. c....
-
Make an energy diagram for gas B in Figure 20.4. Figure 20.4 When gases of different temperatures are placed in thermal contact, energy is transferred thermally from the hotter to the cooler gas...
-
Suppose you were to play the two film clips shown in Figure 20.7 backward. Would the resulting processes be possible? Figure 20.7 Quasistatic versus non-quasistatic expansion of a cylin- der...
-
(a) What are the SI units of \(Q\) ? (b) For the process depicted in Figure 20.2a, make an energy diagram for each of these systems: (i) water, pot, and flame; (ii) pot and flame; (iii) pot. Figure...
Study smarter with the SolutionInn App