Read a little about Deming’s work in Japan. Then, share your thinking with us. What is the relationships between the work of Deming in Japan and the ideas we were exploring regarding Robert Cole’s empowerment principles in the conversation above?
Pastor Atkins received 52,000 and ministerial earnings $36,400 salary For ministerial services, 2;600 for performing weddings and 13,000 tax-free parsonage allowance. She incurred 5,800 on unreimbursed expenses connected with her ministerial earnings $5000 related to her ministerial salary and 800 related to the wedding performed as self-employed. How much of the expenses related to her self-employed Earnings is non destructible when figuring net income for income tax after allocation to the tax free parsonage allowance?
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CP9 Pinkerton Corporation’s trial balance at December 31, 2010, is presented below. All 2010 transactions have been recorded except for the items described after the trial balance.Debit CreditCash $ 28,000Accounts Receivable 36,800Notes Receivable 10,000Interest Receivable â€“0â€“Merchandise Inventory 36,200Prepaid Insurance 3,600Land 20,000Building 150,000Equipment 60,000Patent 9,000Allowance for Doubtful Accounts $ 500Accumulated Depreciationâ€”Building 50,000Accumulated Depreciationâ€”Equipment 24,000Accounts Payable 27,300Salaries Payable â€“0â€“Unearned Rent 6,000Notes Payable (short-term) 11,000Interest Payable â€“0â€“Notes Payable (long-term) 35,000Common Stock 50,000Retained Earnings 63,600Dividends 12,000Sales 900,000Interest Revenue â€“0â€“Rent Revenue â€“0â€“Gain on Disposal â€“0â€“Bad Debts Expense â€“0â€“Cost of Goods Sold 630,000Depreciation Expenseâ€”Buildings â€“0â€“Depreciation Expenseâ€”Equipment â€“0â€“Insurance Expense â€“0â€“Interest Expense â€“0â€“Other Operating Expenses 61,800Amortization Expenseâ€”Patents â€“0â€“Salaries Expense 110,000Total $1,167,400 $1,167,400Unrecorded transactions1. On May 1, 2010, Pinkerton purchased equipment for $16,000 plus sales taxes of $800 (all paid in cash).2. On July 1, 2010, Pinkerton sold for $3,500 equipment which originally cost $5,000. Accumulated depreciation on this equipment at January 1, 2010, was $1,800; 2010 depreciation prior to the sale of equipment was $450.3. On December 31, 2010, Pinkerton sold for $5,000 on account inventory that cost $3,500.4. Pinkerton estimates that uncollectible accounts receivable at year-end are $4,000.5. The note receivable is a one-year, 8% note dated April 1, 2010. No interest has been recorded.6. The balance in prepaid insurance represents payment of a $3,600, 6-month premium on September 1, 2010.7. The building is being depreciated using the straight-line method over 30 years. The salvage value is $30,000.8. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost.9. The equipment purchased on May 1, 2010, is being depreciated using the straight-line method over 5 years, with a salvage value of $1,800.10. The patent was acquired on January 1, 2010, and has a useful life of 9 years from that date.11. Unpaid salaries at December 31, 2010, total $2,200.12. The unearned rent of $6,000 was received on December 1, 2010, for 3 months rent.13. Both the short-term and long-term notes payable are dated January 1, 2010, and carry a 10% interest rate. All interest is payable in the next 12 months.14. Income tax expense was $15,000. It was unpaid at December 31.Instructions(a) Prepare journal entries for the transactions listed above.(b) Prepare an updated December 31, 2010, trial balance.Totals $1,213,150(c) Prepare a 2010 income statement and a 2010 retained earnings statement.Net income $58,000(d) Prepare a December 31, 2010, balance sheet.Total assets $258,700
There are 200 students in commerce batch of Khalsa college. Out of them 100 play cricket, 50 play hockey and 60 play basketball. 3o students play both cricket and hockey, 45 students play both cricket and basketball and 35 students play both hockey and basketball.Answer the following questions :-1) What is the maximum number of students who play all the games ?2) What is minimum number of students who play all three games ?3) What is the maximum number of students who play at least one game ?4) What is the minimum number of students playing at least one game ?
Blackland Corporation originally issued 15,000 shares of $10 par value common stock. The original issue price was $15 per share. During the current year, 1,000 of these shares were reacquired for $20 each. What is the balance in the Common Stock account after the reacquisition?
PB13-5 Interpreting Profitability, Liquidity, Solvency, and P/E Ratios Mattel and Hasbro are the two biggest makers of games and toys in the world. Mattel sells over $6 billion of products each year while annual sales of Hasbro products exceed $4 billion. Compare the two companies as a potential investment based on the following ratios Ratio Mattel Hasbro Gross profit percentage Net profit margin 53.7% 58.1% 13.9% 10.0% Return on equity 28.4% 18.0% $ 2.16 2.59 EPS 5.2 Receivables turnover ratio 3.8 Inventory turnover ratio 5.8 5,0 Current ratio 3.22 1.82 Debt-to-assets 0.25 0.32 P/E ratio 15.4 25.6 Required: 1. Which company appears more profitable? Describe the ratio(s) that you used to reach this decision. 2. Which company appears more liquid? Describe the ratio(s) that you used to reach this decision 3. Which company appears more solvent? Describe the ratio(s) that you used to reach this decision 4. Are the conclusions from your analyses in requirements 1 to 3 consistent with the value of the two companies, as suggested by their P/E ratios? If not, offer one explanation for any apparent inconsistency What is the Current Ratio before the loan consideration? What is the Currect Ratio after the controller pays off the loan? Do you think the bank would change it's decision with the new current ratio? Give reason. Is there a potential risk to ClC from the controller's actions?
Please answer the 30 questions below with the correct answer from the choices listed below for each. I would greatly appericate if I could have this within an hour and will tip for a job well done. Thank you.Question 1If a bond is purchased at a price below the face value, the yield to maturity is:greater than the stated interest rate.the same as the stated interest rate.less than the stated interest rate.zero.of no significance..Question 2A long-term technique used by investors who purchase an equal dollar amount of the same stock at equal intervals in time is called:dollar cost averaging.dividend reinvestment plan.buy and hold technique.regulated transaction.secured transaction..Question 3A stock that sells for less than $1 per share is called a:fractional stock.penny stock.dollar stock.ten-dollar stock.bad investment..Question 4Which one of the following expenditures for retirees is likely to decrease?clothing expensesinsurance expensesmedical expensesexpenses for leisure activitiesgifts and contributions.Question 5During your retirement, your employer’s health insurance plan and Medicare will cover your medical expenses.falsetrue.Question 6What is likely to be an individual’s single biggest asset?Their automobileTheir jewelryTheir bank accountTheir homeNone of the choices.Question 7With an open-end credit, you pay back one-time loans in a specified period of time in equal amounts.falsetrue.Question 8Which of the following is most likely not a valid reason for using credit?Borrowing for a stay in a hospital because of appendicitisBorrowing to purchase a car so that you can go to work full timeBorrowing to buy a printer for your home office now because you now it will be twice as expensive in two yearsBorrowing to pay for your expensive dinner and movie every weekAll of the choices are valid reasons for using credit.Question 9Gordon Carey uses his Visa card to purchase a new digital camera and lens. What type of credit did Gordon use?Installment sales creditInstallment cash creditSingle lump sum creditRevolving creditIncidental credit.Question 10For most mutual funds, the net asset value is calculated:yearly.quarterly.weekly.daily.whenever an investor calls and requests a price quote..Question 11Which of the following is an advantage of an exchange traded fund (EFT)?No minimum investment amountShares can be bought and sold through a broker at any time at the current priceManagement fees are often lowerCan use limit orders to purchase EFTsAll of the choices are advantages of EFTs.Question 12For a mutual fund, the turnover ratio measures:the length of time a manager has been in charge of the fund.the amount of profit the fund earns from one investment period to the next.the number of months the average investor holds the fund before selling.the percentage of a fund’s holdings that have changed during a 12-month period.the percentage of institutional investors who own the fund..Question 13Grady Perdue has assets worth $1,500,000 and has written a legal document that specifies that all of his money go to his children. After he dies, there is a legal process to determine whether his document specifying how his assets be divided is valid. This is also the legal process by which his executor manages and distributes his property. What is this legal process called?An estateA willA trustProbateNone of the choices.Question 14A trust established by your will that becomes effective upon your death is called a(n) ____________ trust.testamentarylivingrevocableirrevocableinsurance.Question 15A legal document authorizing someone to act on your behalf is called a:codicil.rider.power of attorney.trustor.proxy..Question 16A prime reason for buying an annuity is to:save money for college educationstart a new businessaccumulate funds to invest in stocksgive you retirement income for the rest of your lifeget rich quick.Question 17Who has the greatest need for life insurance?households with small childrensingles living alonesingles living with parentsdual income couplechildren.Question 18Jerry Lewis is thinking about purchasing some life insurance. He goes to a company that is owned by shareholders. What type of life insurance company has he gone to?A stock life insurance companyA debt life insurance companyA mutual life insurance companyAn exclusionary life insurance companyNone of the choices.Question 19Automobile liability insurance covers the insured when he or she is held responsible for losses suffered by others.TrueFalse.Question 20In times of high inflation, personal incomes generally keep up with the rate of inflation.TrueFalse.Question 21Similar to corporate shareholders, holders of mutual funds have a say in running the company, since they have equity interest in the pool of assets and a residual claim on the profits.TrueFalse.Question 22Savings is the accumulation of excess funds by intentionally spending less than you earn.TrueFalse.Question 23A business cycle is a pattern of economic activity that includes an expansion, peak, contraction, and trough.TrueFalse.Question 24High-demand occupations tend to pay low salaries.TrueFalse.Question 25The most expensive loans are available from:parents.friends.banks.finance companies.credit unions.Question 26Frank Wert wants to get a lower interest rate on his loan for the purchase of a new boat. He uses the boat as collateral for the loan. In which way is Frank reducing his lender’s risk?He is sharing the interest rate risk with his lenderHe is pledging valuable assets that can be seized if the loan is not repaidHe is taking a larger stake in the asset he is purchasingHe is repaying the loan over a faster period of timeNone of the choices.Question 27There are no costs involved in filing for a bankruptcy.falsetrue.Question 28Kevin Brown rides his bicycle to work so that he doesn’t have to worry about getting in a car accident. How is Kevin managing his risk?Answer Risk AvoidanceRisk ReductionRisk AssumptionRisk ShiftingRisk Creation.Question 29Negligence refers to:Answer failure to take ordinary and reasonable care.cancellation of insurance.property damage.high risk insurance coverage.common hazards in our society..3.33 pointsQuestion 30Using a home security system is an example of ____________ risk.Answer shiftingacceptingreducingsharingtransferring
1. Horizontal analysis is also called (Points: 4)
common size analysis.
2. Assume the following sales data for a company: 2009 $945,000 2008 780,000 2007 650,000 If 2007 is the base year, what is the percentage increase in sales from 2007 to 2008? (Points: 4)
25% 20% 125% 143%
Caption: TMH Industry purchases glass containers from India for the packaging of their tires. These shipments come to TMH Industry in skids that were transported across the Pacific Ocean in giant shipping containers. When tires are shipped internationally, a small degree of defects is inevitable.Abdul has negotiated a deal with the vendor that an overall defect rate of 5% is acceptable. If more than 5% of the tires on a given skid are defective, TMH does not have to pay for that shipment. If the defects are greater than 5%, that shipment is returned (at the shipperâs expense).Abdul: There’s a possibility of an increase in demand and therefore production. Will we need more tires?Manny: Can you take a look? Iâd love to hear your thoughts.Question:If 20 samples of product are randomly selected and tested, what is the probability of the following:1. Exactly two samples are defective2. Between two and five inclusive are defective3. Less than four are defective
On April 1, 2004, Norcross Corporation purchased a new machine for $550,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $25,000. The company has recorded monthly depreciation using the straight-line method. On August 1, 2013, the machine was sold for $65,000. What gain should be recognized from the sale of the machine?