Problem 2-7A Preparing an income statement, statement of retained earnings, and balance sheet. LO ??

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Problem 2-7A Preparing an income statement, statement of retained earnings, and balance sheet. LO РЗ Angela Lopez owns and ma

Problem 2-7A Preparing an income statement, statement of retained earnings, and balance sheet. LO РЗ Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1. On March 31, Metrix shows the following selected accounts and amounts for the month of March. polnts $ 1,900 $ 6,000 Office supplies Rental revenue Equipment Salaries expense Consulting revenue Cash Utilities expense eBook 3,400 14,000 8,800 900 Advertising expense Prepaid insurance Accounts payable 480 1,400 2,580 2,900 2,400 280 Ask Note payable Accounts receivable Common stock 2,800 3,900 Note receivable Rent expense Unearned revenue 13,200 380 Dividends 2,400 References Required: 1. Prepare a March income statement for the business. 2. Prepare a March statement of retained earnings. The Retained Earnings account balance at March 1 was $0. 3. Prepare a March 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2.

 

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How would you interpret the relationship between two numeric variables How would you interpret the..

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How would you interpret the relationship between two numeric variables

How would you interpret the relationship between two numeric variables when the estimated least squares regression line for them is essentially horizontal (i.e., flat)?

How would you interpret the relationship between two numeric variables

 

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Marketing Debate: Does Marketing Create or Satisfy Needs? Marketing has often been defined in…

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Marketing Debate: Does Marketing Create or Satisfy Needs?

Marketing has often been defined in terms of satisfying customers’ needs and wants. Critics, however, maintain that marketing goes beyond that and creates needs and wants that did not exist before. According to these critics, marketers encourage consumers to spend more money than they should on goods and services they really do not need.

Take a position:

1. Marketing creates unnecessary “wants” and “needs” in the minds of customers to sell more products/services.

2. Marketing only satisfies pre-existing (sometimes not so obvious) “wants” and “needs” of customers with new products/services.

 

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Explain the pioneering screen done in Drosophila that led toidentification of most of the Drosophila

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Explain the pioneering screen done in Drosophila that led toidentification of most of the Drosophila developmental genes.

 

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How Facebook access our Personal data, does Facebook share our data with government and…

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How Facebook access our Personal data, does Facebook share our data with government and advertising companies?

 

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You are a U.S. investor considering purchase of one of the following securities. Assume that the cur

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  1. You are a U.S. investor considering purchase of one of the following securities. Assume that the currency risk of the Canadian government bond will be hedged, and the six- month discount on Canadian-dollar forward contracts is 2.75% versus the U.S. dollar.

Bond

Maturity

Coupon

Price

U.S. government

6 months

6.50%

100.00

Canadian government

6 months

7.50%

100.00

Calculate the expected price change required in the Canadian government bond that would result in the two bonds having equal total returns in U.S. dollars over a six-month horizon. Assume that the yield on the U.S. bond is expected to remain unchanged. (LO 19-2)

 

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Your client, Luther Lifo, is an auditing professor who runs a CPA review course. He comes to you wit

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Your client, Luther Lifo, is an auditing professor who runs a CPA review course. He comes to you with the following tax questions:

Question One. Luther teaches CPA review courses on either a guaranteed or nonguaranteed basis. Under the guaranteed program, students pay higher tuition and, if they fail the CPA examination, are entitled to a full refund within two weeks of the release of the results. The CPA review course contracts require him to place the tuition in a set-aside escrow account until the students pass the exam; he established the savings account as a trust account for this purpose. The registration fee and tuition must be paid in full before the classes begin. Thus, students enrolled in the class that started in January 20×1 paid their tuition in December 20×0. In 20×0, Luther deposited registration fees and tuition, including $30,000 in guaranteed tuition payments for the winter 20×1 courses, into a checking account. Also during 20×1, he paid refunds to guaranteed students who failed the 20×1 exams from that account. Does Luther report the $30,000 as income in 20×0 or 20×1? How are the refunds paid in 20×1 treated for tax purposes? State the authority for your conclusion.

Question Two. Luther is a majority shareholder in a corporation that owns an office building. He leases space in the building for use in his CPA review course. Luther pays approximately $20 per square foot in annual rent. The corporation leases the remaining space in the building to a LSAT, GMAT, SAT, and GRE review course run by other taxpayers for approximately $10 per square foot. Luther’s main intent in negotiating the discounted lease was to secure the additional traffic generated by the other review courses in order to enhance the potential revenue for the CPA review course. What is the amount of rent that Luther can deduct in connection with the CPA review course? State the authority for your conclusion.

After appropriate research, write a letter to Luther explaining your findings. The address is 321 Fifo Street,

Temecula, CA 91980.

 

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The starting code has been written but nee help completing…

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The starting code has been written but need help completing.

Instructions: The HW5 start.m Matlab file makes 2 figures. As usual, paste these two completed

figures into a single Word document that you submit with the written answers of the other parts. Name

your file HW5 LastName.docx (e.g., mine would be HW5 Harig.docx) and a single Matlab script similarly

named (mine would be HW5 Harig.m) to the D2L Dropbox. You will need to modify the HW5 start.m

to add the equations from lecture to do the calculations. It provides some structure for print statements,

plotting, etc.

1. GeoDaze. You should have attended one talk or one poster during the GeoDaze symposium.

Write a short paragraph about the presentation you saw. Tell me what it was about, what work they

performed, and what conclusions they had.

2. In class we talked about the Stokes settling velocity for particles (spheres) as they fall in a fluid.

Here we wish consider single spheres, and develop settling velocity graphs and codes to understand, for

example, the effect of particle size on the settling speed.

Figure 1: This corrects a typo from lecture. See the red ?f .

Use the equations we derived in class for a specified isolated sphere settling in a fluid. For now take it

to be quartz in water. There is a file hw5start.m which does most of the setup for you. I also supply a

scrap of code dragcoeff.m in which the relationship between drag coefficient, Cd, and Reynolds number,

Re, is tabulated (from Ferguson and Church, 2004).

a) Plot the time evolution of the vertical speed, w(t). Report three cases, with D = 10 micrometers,

1 mm and 10 cm. You will need to add expressions to calculate w max, re, and dwdt. I put

‘REPLACE’ in capital letters to help you find where.

1

0 1 2 3 4

Time in seconds #10-6

0

0.2

0.4

0.6

0.8

1

Velocity in cm/sec

#10-3 Particle Diameter = 10 micrometers

0 0.2 0.4 0.6 0.8 1

0

0.2

0.4

0.6

0.8

1

0 0.2 0.4 0.6 0.8 1

0

0.2

0.4

0.6

0.8

1

Figure 2: This is what your graph should look like for D = 10 micrometers.

b) For panel 2 of your first figure, which is for D = 1mm, also plot the horizontal line which represents

w¯ in red. If we tried to also plot this for D = 10cm it would not match what we calculated. Why

might it not match? The second figure below will help with this as well.

c) Now we will do this process again but make a plot of terminal velocity vs. particle diameter.

We will do this for two materials: quartz sinking in water, and quartz sinking in air. I created

another copy of the calculation loop in the HW5start.m Take D to go from 10-5 m to 1 m, with 5

logarithmically spaced increments in each decade of particle size. See the matlab file where we use

the command logspace to do this.

d) Why do the lines agree with the red D2

line that I drew for part of the diameters and then disagree

at large diameters?

3. For graduate students only Turcotte and Schubert question 6-25. (about the Thaiti plume)

Attachments:

 

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Compute the 2018 depreciation expense using the attached Excel spreadsheet. Assume that the… 1 answer below »

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Compute the 2018 depreciation expense using the attached Excel spreadsheet. Assume that the business has sufficient income to support S179 expensing

 

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