31. Golden Sales has bought $135,000 in fixed assets on January 1st associated with sales equipment. The residual value of these assets is estimated at $10,000 after they service their 4 year service life. Golden Sales managers want to evaluate the options of depreciation. (a) Compute the annual straight-line depreciation and provide the depreciation journal entry to be posted at the end of each of […]

1.Though Jesse spent most of his growing years in a succession of foster homes after enduring abuse and neglect, his disposition in cheerful and his relationships are healthy and fulfilling. According to developmentalists, he exhibits ______ (the ability to overcome or bounce from adversity) despite his early experiences. 2.In a(n) ______, the scientist deliberately changes one variable and measures the change in some other variable. […]

1. Leopold owns 100 acres in a remote place that he rarely visits. One day,Kate sets upp camp in the middle of the 100 acres and ends up living on the land and using the land for her provisions for 15 years. If it’s found that Kate owns this land due,it’s most likely due toA. warranty deedB. inheritanceC. quitclaim deedD. adverse possession 2. The county […]

Question 1 The two boxplots show the weights of the male and female students in a class. Which of the following is NOT correct? a. About 50% of the male students have weights between 150 and 183 lbs. b. About 25% of female students have weights more than 128 lbs. c. The median weight of male students is about 162 lbs. d. The mean weight […]

QUESTION 1 Which of the following types of organization would probably sell goods? Answer a.Merchandising operation b.Service operation c.Not-for-profit operation d.Manufacturing operation   QUESTION 2  Which of the following types of organizations would produce goods? Answer a.Merchandising operation b.Service operation c.Not-for-profit operation d.Manufacturing operation   QUESTION 3  By definition, which type of organization has stockholders? Answer a.Partnerships b.Sole proprietorships c.Corporations d.Limited liability companies   QUESTION […]

Exercise 4-17 These financial statement items are for Emjay Company at year-end, July 31, 2014. Salaries and wages payable $1,963 Notes payable (long-term) $1,659 Salaries and wages expense 51,129 Cash 14,292 Utilities expense 22,944 Accounts receivable 9,644 Equipment 31,457 Accumulated depreciationequip. 5,606 Accounts payable 4,775 Dividends 3,500 Service revenue 62,759 Depreciation expense 4,480 Rent revenue 8,404 Retained earnings (beginning of the year) 22,980 Common stock […]

  BUS 152     PROBLEM SET 3 – SOLUTIONS SOME BASIC DISCRETE PROBABILITY DISTRIBUTIONS     Problem 1 (5.1) Given the following probability distribution:   Distribution A Distribution B X P(X) X P(X) 0 0.50 0 0.05 1 0.20 1 0.10 2 0.15 2 0.15 3 0.10 3 0.20 4 0.05 4 0.50   a. Compute the expected value for each distribution. b. Compute the standard […]

  Problem: During each four-hour period, the Smalltown police force requires the following number of on-duty police officers: eight from midnight to 4am; seven from 4am to 8am; six from 8am to noon; six from noon to 4pm; five from 4pm to 8pm; and four from 8pm to midnight. Each police officer works two consecutive four hour shifts.   a. Determine how to minimize the […]

1. Dalian Company provides the following information:   Price per unit: $20 Variable cost per unit: $8 Fixed costs per month: $15,000   What is the breakeven point in terms of sales revenues?     $18,500  $25,000     $37,500  $22,750   2. Activity-based costing focuses on a single predetermined overhead rate for cost analysis.     True   False     3. Peterson Company has both fixed and […]

A mortgage incurred in exchange for an office building would be reported in the statement of cash flows in   a.  the cash flows from financing activities section.   b.  the cash flows from investing activities section.  c.  a separate schedule.   d.  the cash flows from operating activities section.      Cash received for preferred stock dividends should be shown on the statement of […]