Answer the following questions using the information below: The Cold Spring Harbor Corporation currently leases a corporate suite in an office building for a cost of $180,000 a year. Only 70% of the corporate suite is currently being used. A start-up business has proposed a plan that would use the other 30% of the suite and increase the overall costs of maintaining the […]
172.Using the following information from an annual report, prepare a horizontal analysis of the consolidated statements of earnings. (Round percentage answers to one decimal place.) (In millions except per share data) June 30, 20×8 June 30, 20×7 Net sales $11,862 $11,170 Cost of sales 8,321 8,191 Gross margin $ 3,541 $ 2,979 Operating expenses: Selling, general, and […]
128. Chapin Company reported net income of $410,000 for 2009. Balances of selected current asset and current liability accounts are as shown on the indicated dates: Depreciation expense for 2009 amounted to $65,000. Using only the above information, compute Chapin’s net cash flow from operating activities (indirect method) for 2009: A. $470,600. B. $467,400. C. $460,600. D. $448,600. 129. Monarch Company uses the indirect method to […]
11) In December 2011, Homer Simpson worked for Springfield Power and earned $5,000. Federal income tax withholding is 15%. The FICA rate is 6.2% and the Medicare tax is 1.45%. What is Homer’s gross pay? A) $5,000 B) $4,250 C) $3,940 D) $3,867.50 12) In December 2011, Homer Simpson worked for Springfield Power and earned $5,000. Federal income tax withholding is 15%. […]
21. The Drake Company rents out a portion of its office space to another company. At the beginning of 2012, the balance in the unearned rent revenue account was $600. During 2012, Drake recognized $3,400 of rent revenue. If the ending balance of unearned rent revenue is $350, how much cash was received from the tenant for rent during 2012? A. $3,150 B. $3,400 C. $3,650 D. $3,750 22. Under […]
61. Tyson Construction Inc. Use the information provided for Tyson Construction Inc. to answer the following question(s) using the effective interest method. On January 2, 2012, Tyson Construction Inc. issued $1,000,000, 10-year bonds for $1,135,915. The bonds pay interest on June 30 and December 31. The stated rate is 10% and the market rate is 8%. Refer to the information provided for Tyson Construction […]
78.The basic purpose of generally accepted accounting principles is to: A. Minimize the possibility of a business becoming insolvent. B. Provide a framework for financial reporting that is understood by both the preparers and the users of financial statements. C. Ensure that financial statements include the type of information that is best suited to every type of business decision. D. Eliminate the need for […]
101.Regal Real Estate which maintains its accounts on the basis of a fiscal year ending June 30, began the management of an office building on June 15 for an agreed annual fee of $4,800. The first payment is due on July 15. The adjusting entry required at June 30 is: A. A debit to Management Fees Receivable for $200 and a credit to a […]
70. Physical counts of inventory: A. Are not necessary under the perpetual system. B. Are necessary to adjust theInventory account to the actual inventory available. C. Must be taken at least once a month. D. Requires the use of hand-held portable computers. E. Are not necessary under the cost-to benefit constraint. 71. During a period of steadily rising costs, the inventory valuation method that yields the highest reported net […]
37.In the journal provided, prepare year-end adjustments for the following situations. Omit explanations. a. Accrued interest on notes receivable is $560. b. Of the $7,200 received in advance of earning a service, one-third was still unearned by year end. c. Two years of rent, totaling $24,000, was paid in advance. By year end, four months’ worth had expired. d. Services totaling $685 had […]
11.66
A carbon atom, with a half-full outer shell of electrons - four in a shell that can hold eight - readily shares its electrons with other atoms and forms a vast number of molecules, many of which are the organic molecules that form the bulk of living matter. Looking at the periodic table in the Study Area, what other element do you think might play a role like carbon in life forms on some other planet?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
11.58
The atoms that constitute your body are mostly empty space, and structures such as the chair you're sitting on are composed of atoms that are also mostly empty space. So why don't you fall through the chair?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces)
12.40
Your friend says that the primary difference between a solid and a liquid is the kind of atoms in the material. Do you agree or disagree, and why?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
12.46
What happens to the density of water when it freezes to become ice?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
12.64
Why is it easier to start a fire with kindling rather than with large sticks and logs of the same kind of wood?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
13.54
Why is blood pressure measured in the upper arm, at the elevation of your heart?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
14.55
When an air bubble rises in water, what happens to its mass, volume, and density?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
14.100 Two identical balloons of the same volume are pumped up with air to more than atmospheric pressure and suspended on the ends of a stick that is horizontally balanced. One of the balloons is then punctured. Is the balance of the stick upset? If so, which way does it tip?
(Figure 1)
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
11.42
Your friend says that what makes one element distinct from another is the number of electrons about the atomic nucleus. Do you agree wholeheartedly, partially, or not at all? Explain.
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
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