ecord the transactions in the accounting equation for Year 2. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table.

As of December 31, Year 2, determine the total amount of assets, liabilities, and stockholders’ equity and present this information in the form of an accounting equation.

What is the amount of total assets, liabilities, and stockholders’ equity as of January 1, Year 3?

Answer:

BETTER CORP.

Event        Assets   =    Liabilities    +   Stockholders’ Equity   Accounting Titles

                                                                                              for Retained

                                                                                                Earnings

                 Cash   +   Land   =   Notes    +  Common   + Retained

                                             Payable      Stock          Earnings

Balance

1/1/Yr 1      20,000     30,000     13,000       8,000      29,000

1.              (10,000)    10,000

2.             35,000                                   35,000

3.             74,000                                                      74,000 Service Revenue

4.            (41,000)                                                     (41,000) Operating exp.

5.            20,000                    20,000

6.            (10,000)                                                     (10,000)

7.                             N/A                                              N/A       N/A

b. Balance 31/12

Yr 2     88,000 +  40,000 = 33,000  + 43,000 +  52,000

c. The amount of total assets as of January 1, Year 3 = $128,000; liabilities = $33,000; and stockholders' equity = $95,000.

Explanation:

The accounting equation states that total assets are equal to total liabilities and stockholders' equity.  This equation gives accounting two sides to every transaction.  This is known as the double-entry system of accounting.  And the two sides are always in agreement before and after each transaction.  The equation also implies that an entity's assets are funded by the creditors and the owners (stockholders).

What is a limited liability company (LLC)?

April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 60,000 feet of raw material for $240,000, and it takes 5 feet of raw materials to produce one park bench. In August, the company produced 10,000 park benches. The standard cost for material output was $100,000, and there was an unfavorable direct materials quantity variance of $5,000.


A. What is April Industries’ standard price for one unit of material?

B. What was the direct materials price variance for August?

Analyze various methods of conducting Internet research.
1. Magda is on a wellness committee at her company. As a member of the committee, she is planning to give a presentation to her coworkers about the flu in
preparation for the upcoming cold and flu season. She wants to do some research on the history, diagnosis, and treatment of the flu.
a) Help her identify some effective keyword and Boolean search strategies by filling out the table below. (5 points)
Strategy What It Does Example
Quotation Marks

“flu vaccines”
Plus sign ( + )

flu+vaccine+history
Pipe symbol (|)

flu vaccine|antibiotics
OR

flu vaccine OR antibiotics
NOT

flu vaccine NOT availability

b) Magda was able to find the following sources when she searched "flu diagnosis" using her favorite search engine: Help her determine whether these sources are accurate, relevant, and valid by filling out the table below. (9 points)
Accurate? Relevant? Valid?
First website

Second website

Third website

Synthesize (16 points)
Apply methods of effective Internet search strategies.
Use your favorite search engine to research one of topics below.
• Renewable energy
• The Ebola virus
• The Human Genome Project
1. List the keywords you typed in to your search engine. Then list the first three results. (3 points)

2. Now, use a different search engine and type in the same keyword. Did you get the same results as your first search? List the first three results from this search. (3 points)

3. You would like to narrow your search on this topic.
a) You want to look for information on this topic's history, but you don't want to include any information that pre-dates 1975. What Boolean operator would you use? (2 points)

b) You want to look up information on this topic as it relates to the U.S. government. What Boolean operator would you use? (2 points)

4. From all of your cumulative search results, list three reliable sources that you've found.
a) Cite these sources in MLA format. (3 points)

b) How can you confirm that these sites provide information that is accurate, relevant, and valid? (3 points)

Purchased a 1000$ bond for 950$. I'll get 50$ a year and it matures in 20 years. I want to know the interest rate I am earning.

Tinsley Plastics manufactures plastic bottles used for beverages and household cleaners. The average net book value (NBV) of assets during the quarter is estimated as $510,000. If the required rate of return is 12% on average assets and the firm wants to have residual income (RI) of $101,000 for this quarter, what must its profits be?

In which type of bailment does the bailee have the highest
standard of care?
A. Bailment for benefit of consideration
B. Bailments for the benefit of bailor and bailee
O C. Bailment for the sole benefit of the bailor
O D. Bailments for the sole benefit of the bailee

a financial advisor cold calling lead a prospect mentions that he manages his own portfolio and hasn't used an advisor in the past what should the advisor do first
​

Discuss the resources you would need to start your business as entrepreneurs.

1. Legal Reasoning Fact Scenario V:
Rapunzel, who lives in Massachusetts, works in research and development for Tower Corporation at one of the company's facilities in Massachusetts. Tower Corporation is a hair products company whose headquarters is in Connecticut and whose primary state of incorporation is Delaware. Recently, she applied for a promotion, but the position was awarded to Rumpelstiltskin, a man from another department with much less experience and fewer qualifications. Rapunzel is very disappointed and is upset because she has noticed a pattern and practice of discrimination on the basis of gender at Tower and she decides to sue Tower Corporation based on Title VII of the Civil Rights Act of 1964 (a Federal statute) and Mass. Gen. Laws Ann. ch. 151B, §1 et al. (a Massachusetts statute.) After exhausting her administrative remedies, as is required by the statutes, she decides to proceed in court.
Fact Scenario V: Question V1:
This case involves
a. only a state discrimination claim.
b. only a federal discrimination claim.
c. both a state and a federal discrimination claim.
d. neither a state nor a federal discrimination claim.
2. Refer to Legal Reasoning Fact Scenario V: Question V2:
Which of the following must be considered in order to determine in which court Rapunzel can file her claim?
Whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.
Whether the case can be tried in federal court, only.
Which courts have personal jurisdiction, only.
A substantive analysis of gender discrimination laws at both the state and federal level.

The controller of Mercury Shoes Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information:

June July August
Sales $160,000 $185,000 $200,000
Manufacturing costs 66,000 82,000 105,000
Selling and administrative expenses 40,000 46,000 51,000
Capital expenditures _ _ 120,000
The company expects to sell about 10% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month following the sale and the remainder the following month (second month after sale). Depreciation, insurance, and property tax expense represent $12,000 of the estimated monthly manufacturing costs. The annual insurance premium is paid in February, and the annual property taxes are paid in November. Of the remainder of the manufacturing costs, 80% are expected to be paid in the month in which they are incurred and the balance in the following month.

Current assets as of June 1 include cash of $42,000, marketable securities of $25,000, and accounts receivable of $198,000 ($150,000 from May sales and $48,000 from April sales). Sales on account in April and May were $120,000 and $150,000, respectively. Current liabilities as of June 1 include $13,000 of accounts payable incurred in May for manufacturing costs. All selling and administrative expenses are paid in cash in the period they are incurred. An estimated income tax payment of $24,000 will be made in July. Mercury Shoes' regular quarterly dividend of $15,000 is expected to be declared in July and paid in August. Management desires to maintain a minimum cash balance of $40,000.

Required:

Question Content Area
1. Prepare a monthly cash budget and supporting schedules for June, July, and August.

which of the following would be identifed as a social force in an environment scan

In the movie contract, which side was the more successful negotiator? Can you think of any terms that either party left out? Are any of the provisions unreasonable?

Fidelity bonds insure
O A. employers
O B. marine vessels
O C. automobile drivers
O D. employees

What will help a person with power of attorney make good decisions?
A.Knowing why they were chosen to have power of attorney
B.Knowing how to set up a trust
C.Understanding the health care process
D.Understanding how to care for your family

Tim bought 3 shirts. Each cost $12 originally, but they were on sale for 20% off.
The sales tax rate where he lives is 5%. How much did he spend altogether

Question 3

Total expenditure equals price times elasticity?
True or False

After confirming that Mr. Boria's son is a new patient and that he is covered by Blue Cross/Blue Shield, what should you ask the patient?

A. Which Blue Cross Blue Shield plan is your son covered by, Mr. Boria?
B. When would you like to come in, Mr. Boria?
C. Has your son been seen in this office before, Mr. Boria?

what does journalism have you do

4. A stage in the policy process which requires building support to make sure the policy is
made acceptable to both the legislatures and the public may be described as
b. Institutionalization
6. Formulation
d. Implementation
e. None of the above

What is a “naming rights” sponsorship?

The financial statements of Burnaby Mountain Trading Company are shown below.
Income Statement 2017
Sales $ 7,000,000 Cost of Goods Sold 5,000,000 Gross Profit $ 2,000,000 Selling and Administrative Expenses 1,700,000 EBIT $ 300,000 Interest Expense 50,000 Income before Tax $ 250,000 Taxes 100,000 Net Income $ 150,000 Burnaby Mountain Trading Company
Comparative Balance Sheets
2017 2016
Cash $ 90,000 $ 80,000 Accounts Receivable 810,000 800,000 Inventory 800,000 720,000 Total Current Assets 1,700,000 1,600,000 Fixed Assets 2,600,000 2,400,000 Total Assets $ 4,300,000 4,000,000 Accounts Payable $500,000 400,000 Bank Loans 100,000 100,000 Total Current Liabilities 600,000 500,000 Long-term Bonds 400,000 300,000 Total Liabilities $ 1,000,000 $800,000 Common Stock (200,000 shares) 500,000 500,000 Retainded Earnings 2,800,000 2,700,000 Total Equity $ 3,300,000 3,200,000 Total Liabilities and Equity 4,300,000 4,000,000 Note: The common shares are trading in the stock market for $27 each.
Refer to the financial statements of Burnaby Mountain Trading Company. The firm's P/E ratio for 2017 is _________.

The foundation for all of the functions of management is

What should be included in a financial plan to protect assets?
a. how much money you will make
3 b. how much money you will have in savings
C.
how much money you will invest
d. how much insurance you will carry
Please select the best answer from the choices provided
OA
OB
O C
OD

What is an advantage of home ownership??

Which of the following best practices should you employ when bagging?
(select all that apply)
Do not start bagging before sizing up the order
Do not force items down the side of the bag
Do not double-bag unless requested by the customer
Do not overload the bag with heavy items
Do not place chemicals and food in the same bag
Do not place like products together

Simon is a manager in a manufacturing unit. He grades the inventory according to the products’ level of importance while storing them. Which technique of controlling inventory costs does Simon follow?

A : just in time

B: maintaining safety stock

C: ABC classification

D: following economic order quantity

(50 POINTS!) There is a country that naturally grows the most bananas, but it can't efficiently produce and distribute those bananas throughout the global market. However, a country that not only can grow bananas, but also has the infrastructure to process and distribute them, has the _______________. Why?


A. absolute advantage. This is because it has a lower opportunity cost to begin exporting bananas.

B. comparative advantage. This is because it has a lower opportunity cost to begin exporting bananas.

C. comparative advantage. This is because the nation imports less than the other.

D. ability to export. This is because the nation imports less than the other.

As secretaries are often the first point of contact that people meet in a business, what type of skills do they need to develop in order to make a good first impression?

A: People skills
B: Shared skills
C: Technical skills

Question 1 (1 point)
True or False:
If you want a career in the fitness industry, you can just jump right into it after high school.
(A) True. No college is required for some health/ fitness jobs.
(B) False. You need to go to college to get a job in the fitness industry.
(C) False. It takes months/ years of training to get a job in health/ fitness
(D) Any of the above could be true OC​

2. Cash flows from __________ activities are the cash flows from transactions that affect the debt and equity of the company.

a. investing
b. operating
c. financing
d. purchasing