Mohe Company purchases a machine at the beginning of the year at a cost of $33.000 The machine depreciated using the s salvage value Depreciation expert in year 25 t ane method estimated to be 5 years with a $6,000 3
ABC Ltd. is a distributor of ski equipment. The company’s records includes sales and purchase orders, purchasing invoices, a sales journal, a purchases journal, and sub ledgers for both payables and receivables. There is a Canadian and a U.S. bank account.
All customers have a pre-determined credit limit that is noted in their files. If a customer’s order exceeds the authorized credit limit, the credit manager must approve the sale; otherwise, the sales clerk enters and approves the order for processing.
The allowance for doubtful accounts shows that $75,000 worth of receivables are greater than 90 days past due. There are no past due accounts payable. ABC has 4 U.S. suppliers. An allowance for doubtful accounts is prepared by management and done on a case by case basis based on past payment history and management judgment.
The accounting department receives a report each day of goods shipped and purchased goods received. All shipments are invoiced within one day of shipment.
All liabilities are paid within 30 days. An accrual listing is prepared from unmatched receiving reports each month.
Required
Write 4 complete substantive procedures for ABC. For each audit procedure, be clear in the type of procedure e.g. tracing, vouching, observing, scanning, and so on and state the related key management assertion.
A force of 5 pounds stretches a spring 1 foot. A mass weighing 6.4 pounds is attached to the spring, and the system is then immersed in a medium that offers a damping force numerically equal to 1.6 times the instantaneous velocity.
I calculated that the equation of motion if the mass is initially released from rest from a point 1 foot above the equilibrium position is : x(t) = e^(-4t) [-cos(3t) – 4/3sin(3t)]
Please help me find the equation of motion in the form x(t) = Ae^(??t) sin(sqrt(?^2 – ?^2) + 
)
-When i tried getting this i got A =4/3, w^2 = 25, lambda = 16, pheta = arctan(3/4)
Find the first time at which the mass passes through the equilibrium position heading upward
_________________S
Please help me find the equation of motion in the form x(t) = Ae^(??t) sin(sqrt(?^2 – ?^2) + )
x(t) = _____________________
In performing vertical analysis, the base for income tax expense is. O A. gross profit. O B. net income. O C. gross revenues. OD. net sales Horizontal analysis is performed on information from O A. only the balance sheet OB. only the statement of cash flows OC. only the income statement OD. the income statement, the balance sheet, and the statement of cash flows. Cash flow signs of a healthy company do NOT include: O A. operating activities represent the major source of cash OB. borrowing 5100 million and repaying $15 million OC. Investing activities include more purchases than sales of long-term assets O D. net cash provided by operating activities exceeds net income The ratio that measures a company's success in using its assets to eam income for the persons who finance the business is the O A. times interest – earned ratio O B. leverage O C. rate of return on total assets. OD. debt ratio Bryanwood Company reports the following data: Percentage Change from 2016 to 2017 Sales 12% Cost of Goods Sold Gross Profit Operating Expenses 120 Based on the above information, what can be said about the company's business strategy? O A. The company has fewer sales in 2017 than 2016 OB. The company has successfully undertaken some cost-cutting measures for operating expenses O C. The company has lost control of operating expenses. OD. The company has reduced cost of goods sold. How is the percentage change (for horizontal analysis) for sales from 2016 to 2017 computed? O A. (Year 2017 sales – Year 2016 sales) – Year 2016 sales OB. (Year 2017 sales – Year 2016 sales) x 100 OC. Year 2017 sales – Year 2016 sales OD. (Year 2017 sales – Year 2016 sales) – Year 2017 sales
integrative – pro forma statements. Red Queens Resturant wishes to prepare financial plans. use financial statements provided to prepare financial plans. please help me solve this i keep missing it. Thank you for the help!
i need a pro forma income statement using the percent of sales method and a balance sheet using the judgemental approach. We were unable to transcribe this image16 U10 (16 competej Question Help ncial plans. Use the financial statements and the other information provided here to prepare the financial plans. The following financial 020 will be $15,900 ement will remain unchanged ng the percent-of-sales method. al approach ng the percent-of-sales method. elow (Round to the nearest dollar. Round the percentage of sales to four decimal places) Clear All Check Answer 3:27 PM 7/18/2019 sting and Planning 18 of 18 (18 complete) Data Table (Click on the icon located on the top-right corner of the data tables below in order to copy its contents into a spreadsheel) Red Queen Restaurants Income Statement for the Year Ended December 31, 2019 Sales revenue $800,800 Less: Cost of goods sold 599,400 Gross profits $201.400 Less: Operating expenses 99.000 Net profits before taxes $102.400 Less: Taxes (rate=21%) 21.504 Net profits after taxes $80.896 Less: Cash dividends 20.400 To retained earnings $60,496 Red Queen Restaurants Balance Sheet December 31, 2019 Assets Liabilities and Stockholders' Equity Cash 531,300 Accounts payable $100.400 Marketable securities 17.300 Taxes payable 20.700 Print Done ting and Planning 18 of 18 (18 complete) Data Table LUSS. COSTUTYUuus SUR Gross profits Less: Operating expenses Net profits before taxes Less: Taxes (rate=21%) Net profits after taxes Less: Cash dividends To retained earnings 933, UU $201.400 99,000 $102,400 21,504 $80,896 20,400 $60,496 Red Queen Restaurants Balance Sheet December 31, 2019 Assets Liabilities and Stockholders' Equity Cash $31,300 Accounts payable $100,400 Marketable securities 17 300 Taxes payable 20.700 Accounts receivable 149.400 Other current liabilities 4.100 Inventories 100 000 Total current liabilities $125,200 Total current assets $298,000 Long-term debt $198.500 Net fixed assets 350.600 Common stock $149.900 Retained earnings $175.000 Total assets $648,600 Total liabilities and equity $648 600 Print Done IllugluuicTIV Ulla LDLETENS NU VULET Resul dins WESTES I piedi il diidi pidis. Use it did data are also available: (1) The firm has estimated that its sales for 2020 will be $900,000. (2) The firm expects to pay $34,100 in cash dividends in 2020. (3) The firm wishes to maintain a minimum cash balance of $30,100. (4) Accounts receivable represent approximately 22% of annual sales. (5) The firm's ending inventory will change directly with changes in sales in 2020. (6) A new machine costing $43,500 will be purchased in 2020. Total depreciation for 2020 will be $15,900. (7) Accounts payable will change directly in response to changes in sales in 2020. (8) Taxes payable will equal one-fourth of the tax liability on the pro forma income statement. (9) Marketable securities, other current liabilities, long-term debt, and common stock will remain unchanged. a. Prepare a pro forma income statement for the year ended December 31, 2020. using the percent-of-sales method b. Prepare a pro forma balance sheet dated December 31, 2020, using the judgmental approach c. Analyze these statements, and discuss the resulting external finan a. Prepare a pro forma income statement for the year ended December 31, 2020 using the percent-of-sales method Complete the pro forma income statement for the year ended December 31, 2020 below. (Round to the nearest dollar. Pro Forma Income Statement Red Queen Restaurants for the Year Ended December 31, 2020 Enter any number in the edit fields and then click Check Answer Clear All parts remaining (J) I I Relaule Securities, Quer current liabilities, long-term debt, and common ste a. Prepare a pro forma income statement for the year ended December 31, 2020. b. Prepare a pro forma balance sheet dated December 31, 2020, using the judam c. Analyze these statements, and discuss the resulting external financing required Red Queen Restaurants for the Year Ended December 31, 2020 (percent-of-sales method) Sales Less: Cost of goods sold Gross profits Enter any number in the edit fields and then click Check Answer! 2 parts remaining O Type here to search (1) Accounts payable will change directly in response to changes in sales in 2020. ulullased in 2020. Total depreciation for 2020 wi (8) Taxes payable will equal one-fourth of the tax liability on the pro forma income statement (9) Marketable securities, other current liabilities, long-term debt, and common stock will rem a. Prepare a pro forma income statement for the year ended December 31, 2020, using the b. Prepare a pro forma balance sheet dated December 31, 2020, using the judgmental appro c. Analyze these statements, and discuss the resulting external financing required. Gross profits Less: Operating expenses Net profits before taxes Less: Taxes (rate = 21%) Net profits after taxes Less: Cash dividends Enter any number in the edit fields and then click Check Answer. 3 parts remaining Type here to search te 9 The arm expects to pay $34,100 in cash dividends in 2020. 3) The firm wishes to maintain a minimum cash balance of $30.100. 4) Accounts receivable represent approximately 22% of annual sales. 5) The firm's ending inventory will change directly with changes in sale 6) A new machine costing $43,500 will be purchased in 2020. Total de (7) Accounts payable will change directly in response to changes in sale (8) Taxes payable will equal one-fourth of the tax liability on the pro form (9) Marketable securities, other current liabilities, long-term debt, and co a. Prepare a pro forma income statement for the year ended December b. Prepare a pro forma balance sheet dated December 31, 2020, using t c. Analyze these statements, and discuss the resulting external financing A A Net profits before taxes Less. Taxes (rate = 21%) Net profits after taxes Less Cash dividends A A To Retained earnings Enter any number in the edit fields and then click Check Answer 3 parts remaining O Type here to search
2 page paper in which you compare and contrast the two chapters. Address the following in your paper:
Identify each business professional and briefly describe their main contributions to the field.
Discuss the resistance that each encountered in presenting and furthering their research, ideas, or programs.
Discuss any similarities you see in their professional stories.
Note how each one differed.
Finally discuss what factor(s) you think (environmental, professional, personal) may have impacted their success. ……. …..
When obtaining the history of a 17-year-old male during a sports physical, what important screening practice should be discussed? a. Yearly DRE b. Monthly TSE c. Yearly PSA d. Bimonthly bimanual examination
Why is the matching principle important?View Solution:
Why is the matching principle important
Which of the following is NOT an example of an assest?
Unused Supplies
Truck
Prepaid insurance
Common Stock
Identify a capital budgeting decision that you are familiar with (personal or professional): How was the final decision reached? What qualitative and quantitative factors were considered during the decision process? Were any important factors omitted?
