The following income statement was drawn from the records of Thornton Company, a merchandising firm: THORNTON...
The following income statement was drawn from the records of Thornton Company, a merchandising firm: THORNTON COMPANY Income Statement For the Year Ended December 31, 2018 Sales revenue (4,000 units × $162) $ 648,000 Cost of goods sold (4,000 units × $80) (320,000 ) Gross margin 328,000 Sales commissions (10% of sales) (64,800 ) Administrative salaries expense (88,000 ) Advertising expense (34,000 ) Depreciation expense (47,000 ) Shipping and handling expenses (4,000 units × $1) (4,000 ) Net income $...
What is the Federal funds rate and how does the Fed use it as an operating...
What is the Federal funds rate and how does the Fed use it as an operating target? How does the Fed influence the Federal Funds rate? describe in a short paragraph
The ledger of Paul Consulting contains the following balances: Paul, Capital $30,000; Paul, Drawing $2,000; Service...
The ledger of Paul Consulting contains the following balances: Paul, Capital $30,000; Paul, Drawing $2,000; Service revenue $50,000; Salaries expense $23,000; and Supplies expense $4,000. The closing off entry for Profit or Loss summary on 30 June is: Select one: a. debit Paul, Capital 50000, Profit or Loss summary 50000. b. debit Profit or Loss summary 23000, credit Paul, Capital 23000. c. debit Paul, Capital 23000, credit Profit or Loss summary 23000. d. debit Profit or Loss summary 30000, credit...
Thomas Railroad Company organizes its three divisions, the North (N), South (S), and West (W) regions,...
Thomas Railroad Company organizes its three divisions, the North (N), South (S), and West (W) regions, as profit centers. The chief executive officer (CEO) evaluates divisional performance, using operating income as a percent of revenues. The following quarterly income and expense accounts were provided from the trial balance as of December 31: Revenues—N Region $942,100 Revenues—S Region 1,115,000 Revenues—W Region 1,983,800 Operating Expenses—N Region 597,000 Operating Expenses—S Region 663,600 Operating Expenses—W Region 1,199,700 Corporate Expenses—Dispatching 472,800 Corporate Expenses—Equipment Management 220,800...
Hi I am working on set proofs and I am a little confused. The proposition is:...
Hi I am working on set proofs and I am a little confused. The proposition is: Given sets A and B, B-(B-A)=A iff A is a subset of B.
while entering a bew industry what is the best measure to estimate business risk a firm...
while entering a bew industry what is the best measure to estimate business risk a firm could face in the market? 1. averaged levered beta if the pure plays in the instustry 2. average unlevered beta if pure plays 3. average levered + average unlevered beta of pure play 4. none
What mass of each of the two salts are required in order to prepare 1.00 L...
What mass of each of the two salts are required in order to prepare 1.00 L of an 0.100 M phosphate buffer solution of pH 7.4 using NaH2PO4 and Na2HPO4?
Required:    Prepare a bank reconciliation to the correct balance in cash.                         Prepare any necessary jou
Required:    Prepare a bank reconciliation to the correct balance in cash.                         Prepare any necessary journal entries for Jack Company. Use the following information to prepare a bank reconciliation for Jack Company at April 30, 2016: Cash account balance, April 30, $19,572.80. Bank statement balance, April 30, $21,516.40. Service charge on bank statement not recorded in books, $140.00. Deposits in transit, $2,877.20. Outstanding checks, April 30, $1,893.60. The bank statement included a charge of $932.80 for A. Parish’s NSF check....
Suppose a computer software developer for a certain company purchased a computer system for $55,000 on...
Suppose a computer software developer for a certain company purchased a computer system for $55,000 on April 27, 2017. The computer system is used for business 100% of the time. The accountant for the company elected to take a $30,000 Section 179 deduction, and the asset qualified for a special depreciation allowance. (a) What was the basis for depreciation (in $) of the computer system? (See Table 17-4.) $ (b) What was the amount (in $) of the first year's...
As a member of a team of storm physicists, you are attempting to replicate lightning by...
As a member of a team of storm physicists, you are attempting to replicate lightning by charging two long cables stretched over a canyon, as shown. One cable will attain a highly positive (and uniform) charge density of ? and the other will attain the same amount of charge density, but opposite in sign (i.e.,
calculate the amplitude and phase of the reflection coefficient for a plane wave incident on a...
calculate the amplitude and phase of the reflection coefficient for a plane wave incident on a sediment with density 1200kg/m^3, sound speed 1700 m/s at an angle of incidence of 70degrees. answers 1 and 30degress. I know I can get z1=(rho1 x speed of sound1)/cos(theta incidence) but no idea what I can get out of that and according to my book notes when the speed of sound in the second fluid is faster than the first fluid the magnitude of...
In the game of Russian roulette, one inserts a single cartridge into the drum of a...
In the game of Russian roulette, one inserts a single cartridge into the drum of a revolver, leaving the other five chambers of the drum empty. One then spins the drum, aims at one’s head, and pulls the trigger. a. What is the probability of being still alive after playing the game N times? b. What is the probability of surviving (N-1) turns in this game and then being shot the Nth time one pulls the trigger? c. What is...
As a financial analyst at Bank of America Merrill Lynch, you want to find out how...
As a financial analyst at Bank of America Merrill Lynch, you want to find out how the credit risks impact the yield to maturity on a bond. A 12% bond maturing in three years is priced at 85% of the face value. Suppose that there is a 20% chance that at maturity the bond will default and you will receive only $400 payment. a. What is the bond’s promised yield to maturity?  (sample answer: 15.50%) b. What is its expected yield...
An object on a spring is subject to a drag force that is linear with velocity....
An object on a spring is subject to a drag force that is linear with velocity. The mass is 0.5 kg, the drag force constant is 3 kg/s, and the spring constant is 2.5 N/m. a. Find the equation of motion x(t). b. Sketch a graph of x(t). c. Describe the motion in words.
Rachna is considering a life insurance plan that will require her to pay a premium of...
Rachna is considering a life insurance plan that will require her to pay a premium of $150 every year for the next 30 years. She wants to make sure that she is able to make this payment and wants to put away a lump sum today in her bank to cover all future payments. How much would she need to deposit in her bank if the annual interest rate on her deposit account is 5%? (Enter just the number in...
FOR EACH MICRO-ORGANISM PLEASE label the relevant prominent structures (e.g., nucleus, flagellum, chloroplast ...) &  to which...
FOR EACH MICRO-ORGANISM PLEASE label the relevant prominent structures (e.g., nucleus, flagellum, chloroplast ...) &  to which of the three groups in the title this microbe belongs Trypanosoma sp. Trichomonas sp. Plasmodium sp. Euglena sp. Paramecium sp. Amoeba sp. diatoms Spirogyra sp. Anabaena sp. Radiolarians (Algae Diatoms)
A particle moves along a line with velocity v(t)= t-ln(t^2+1). What is the maximum velocity on...
A particle moves along a line with velocity v(t)= t-ln(t^2+1). What is the maximum velocity on the interval [0,2]?
a portfolio is made up of stocks A B C D in porportion 20% 30% 25%...
a portfolio is made up of stocks A B C D in porportion 20% 30% 25% and 25% and non diversifable risk are measured by their bets .4, 1.2, 2.5, 1.75, what is the portfolio beta
Why do you think married woman tend to be less satisfied with their sex lives than...
Why do you think married woman tend to be less satisfied with their sex lives than married men are?
Average Rate of Return Method, Net Present Value Method, and Analysis for a service company The...
Average Rate of Return Method, Net Present Value Method, and Analysis for a service company The capital investment committee of Arches Landscaping Company is considering two capital investments. The estimated income from operations and net cash flows from each investment are as follows: Front-End Loader Greenhouse Year Income from Operations Net Cash Flow Income from Operations Net Cash Flow 1 $42,000 $137,000 $88,000 $219,000 2 42,000 137,000 67,000 185,000 3 42,000 137,000 34,000 130,000 4 42,000 137,000 15,000 89,000 5...
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