QUESTION Details for the Problem Karen Company had 105,000 shares of common stock outstanding on January 1, 2011. On August 30, 2011, Karen sold 50,000 shares of common stock for cash. Karen also had 11,000 shares of convertible preferred stock outstanding throughout 2011. The preferred stock is $105 par, 5%, and is convertible into 4 […]
QUESTION 1.On April 18, Riley Co. made a short-term investment in 490 common shares of XLT Co. The purchase price is $61 per share and the brokerâs fee is $440. The intent is to actively manage these shares for profit. On May 30, Riley Co. receives $1.80 per share from XLT in dividends. Prepare the […]
QUESTION I’m working with a double-pipe heat exchanger and I need the Area of it. Dimensions: L = 4.572m; Inner tube Outside diameter= 0.38m, Internal diameter = 0.03483m; Outer tube Internal diameter = 0.04783. Can someone please assist me in solving for the Area? Thank you! ANSWER: REQUEST HELP FROM A TUTOR
QUESTION Manufacturing Income Statement, Statement of Cost of Goods ManufacturedSeveral items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December 2014:GrantCompanyMcClellanCompanyMaterials inventory, December 1$64,060$85,840Materials inventory, December 31(a)97,000Materials purchased162,710193,140Cost of direct materials used in production171,680(a)Direct labor241,510(b)Factory overhead74,95096,140Total manufacturing costs incurred during December(b)555,380Total manufacturing […]
QUESTION Storm Tools has formed a new business unit to produce battery-powered drills. The business unit was formed by the transfer of selected assets and obligations from the parent company. The unit’s initial balance sheet on January 1 contained cash ($500,000), plant and equipment ($2,500,000), notes payable to the parent ($1,000,000), and residual equity ($2,000,000). […]
QUESTION DQ 1Child abuse and maltreatment is not limited to a particular age and can occur in the infant, toddler, preschool, and school-age years. Choose one of the four age groups (infant, toddler, preschool, or school age) and discuss the types of abuse that are most often seen in this age. Discuss warning signs and […]
QUESTION 1. Use the following information to prepare a statement of cash flows. Comparative Balance Sheets, December 31 2014 2013 Cash $ 6,100 $ 4,200 Accounts Receivable 10,200 11,000 Inventory 14,900 13,500 Long-term Investments 8,000 6,500 Equipment 33,600 31,000 Accumulated Depreciation (5,000) (4,100) Total Assets $67,800 $62,100 Accounts Payable $15,300 $14,700 Wages Payable 400 700 […]
QUESTION Galt Insurance Company sells workerâs compensation insurance. Customers pay Galt Insurance Company in advance before any insurance coverage is provided. Galt received $10,000 in April, 20X1 for insurance that will be provided between May 20X1 and April 20X2. In April, the journal entry to record the $10,000 cash receipt should include a credit to […]
QUESTION Jill opened a clothing store on January 2, 20X1. She contributed $25,000 for inventory, equipment, and supplies. Additionally, she loaned the business $10,000 for working capital. The first payment on the loan is due January 31, 20X2. At Christmas, she took a draw of $5,000. The ending balance in equity was $34,500 on December […]
QUESTION A) A temperature difference of 45 K is maintained between the sides of a 2.1-cm thick slab of plywood. What is the rate of heat transfer through a 30-cm2 area of the slab? ___ WB) A large pot is placed on a stove and 1.2 kg of water at 14°C is added to the […]
