Indicate whether a debit or credit decreases the normal balance of e.pdf

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Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Land e. Salaries expenses i. Interest revenue Service revenue f. Common stock j. Dividends Interest payable g. Prepaid insurance k. Unearned Revenue Accounts receivable h. Building l. Accounts payable Solution Normal Balance Debit Credit Land Debit Increase Decrease Service Revenue Credit Decrease Increase Interest Payable Credit Decrease Increase Accounts Receivable Debit Increase Decrease Salaries Expenses Debit Increase Decrease Common Stock Credit Decrease Increase Prepaid Insurance Debit Increase Decrease Building Debit Increase Decrease Interest Revenue Credit Decrease Increase Dividends Debit Increase Decrease Unearned Revenue Credit Decrease Increase Accounts Payable Credit Decrease Increase When an Account have credit balance, any Debit will decrease The normal balcnce and vice versa. Similarly, When an account have Debit balance, any Debit means its balance will increase and credit will decrease..

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Financial Management Quiz 1 Please follow all instructions very carefully. You need to return your answers to me no later than 12:00 noon on Friday, October 14. If you respond after that time, you cannot get a grade higher than a B regardless of how many you get correct. I will try to remember to send out a reminder in advance. You may submit your answers in any of the following ways: Mark up the quiz itself, scan it, and email it to me (do not use RED ink). Fill out the answer sheet that is attached as a Word document and email it to me. Make your own Excel or Word answer sheet and email it to me (do not use RED font). Put your answers in the body of an email message (do not use RED font). When you send me your email, please send it to [email protected] All attachments must be in Word, Excel, or pdf, and must include your name. Note that a multiple-choice question can have only ONE answer. For each of the following, select TRUE or FALSE 1. The Internal Revenue Service is the department of the United States Government responsible for passing tax laws. TRUE FALSE 2. Of all the people involved in the creation and analysis of financial reports, the one least likely to be presenting financial statements to the board of directors is the bookkeeper. TRUE FALSE 3. Two major forms of accounting are cash basis and accrual basis. If the terms "accounts receivable" or "accounts payable" appear on your balance sheet, you are using the accrual basis of accounting. TRUE FALSE EXTRA CREDIT: Briefly explain "deferred income," giving an example from the world of the performing arts. For each of the following, select the best answer from a-d. 4. Which of the following statements is FALSE? a. Your organization borrows $2,500,000 at an annual rate of 6%. If you pay no principal during life of the loan, the annual interest cost on the loan is $150,000. b. "Fixed assets" is another term for cash, accounts receivable, and other similar items of property. c. According to the textbook, a "Benefit Corporation" is not a tax-exempt nonprofit entity, but it does include a social goal as well as a profit motive. d. The bylaws of an organization specify which officers must be part of the organization's governance. Another item that should be part of the bylaws is how many members of the board of directors make up a quorum. Page 1 of 4 5. Which of the following is TRUE? a. On a Form 990, an organization's assets are divided into current assets and non-current assets. b. If a nonprofit has $1,500,000 in pledges receivable, and $500,000 of that amount is due in the next 12 months, then $1,000,000 of the pledges will be counted in the calculation of the organization's current ratio. c. The most common kind of investments that nonprofits own are intended to produce positive investment return. The earnings on investments, like a profit that comes from having more operating revenue than expenses, are not subject to Federal income tax ...

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Infection of bacteria by virus particles is a Poisson process. Viruses are small relative to bacterial cells. Multiple viruses may attach to a single bacterial cell, although a single virus is sufficient to kill a bacterium. Assume no cell to cell spread of virus. a. How many virus particles need to be added to a solution of 1000 bacterial cells for 60% of the bacteria to die? b. If the same amount of virus is added to a solution with twice as many bacterial cells, what proportion of bacteria will die? I think we\'re supposed to use Poisson\'s process reversed kind of, but I have no clue how to do it. Solution ANS-(a)- Genomic DNA Genomic DNA constitutes the total genetic information of an organism. The genomes of almost all organisms are DNA, the only exceptions being some viruses that have RNA genomes. Genomic DNA molecules are generally large, and in most organisms are organized into DNA.

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Individuals that continually monitor the financial markets seeking mispriced securities: A. tend to make substantial profits on a daily basis. B. tend to make the markets more efficient. C. are never able to find a security that is temporarily mispriced. D. are always quite successful using only well-known public information as their basis of evaluation. E. are always quite successful using only historical price information as their basis of evaluation. Solution.

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indicate whether you agree with the following statement that describes Modigliani and Miller\'s work: \"In the absence of taxes, bankruptcy costs and asymmetric information, and in an efficient market, the value of the firm is unaffected by how that firm is financed\" (MIT Sloan Lecture Notes, Finance Theory II, Dirk Jenter, 2003). Solution The statement is correct. In the absence of taxes ,bakruptcy costs and asymmetric information and in an efficient market ,The value of firm is unaffected by how that firm is finances . since the value of firm depends neither on its dividend policy nor its decision to raise capital by issue or selling debt ,This theorem is also called capital structure irrelevance principle. since debt is tax deductible ,however if there are no taxes it is irrelevant whether to raise funds by debt or equity (As not tax shield will be available) ..

indicate whether you agree with the following statement that describ.pdf

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Indicate what data analysis is and why is it useful? Think of how a company would use it. Solution Data Analysis is a very broad terminology. Every company in some capacity used data analysis. I am assuming it is more of quantitative data analysis. Overall data analysis means identifying, inspecting, sorting, transforming and creating usefulness of that data to interpret and explain trends. Data analysis can be either deductive or inductive. Deductive means quantitative analysis, where as inductive analysis means qualitative analysis. Data Analysis Process.

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Incompressible substances A and B are placed in a thermal contact in a rigid insulated container. Initially they have a mass, specific heat and constant volume, enthalpy and temperature. For A this would be MA,CvA,ehA,TA. .Derive expressions for final temperature of the system as a function of : (a) The specific heats, masses , and initial temperatures ?(b) The enthalpies and masses (c) Show heat exchange process is probable (d) Under what conditions could your result be invalid Solution.

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Inch Ltd. was incorporated in the Bahamas in 2011. Although the company is not incorporated in Canada, the board of directors are all Canadian individuals residing in Toronto, Ontario, where the daily decisions of the corporation are made by the board. However, the directors advise you that the annual general meeting is always held in the Bahamas in February each year. The corporation has global financial operations and generates income from all over the world. Answer the following questions: 1. Is Inch Ltd. a resident or non-resident of Canada? Give reasons for your answer. 2. Is Inch Ltd. liable for income tax under subsection 2(1) or 2(3) of the Income Tax Act? 3. What is Inch Ltd.\'s tax base for the current year (i.e. on what income does Inch Ltd. pay income tax)? Solution 1)A corporation is genrally cosnidered ( if not incorporated in Canada after April 26 , 1965) to be resident in Canada if its Central managemtn and control is exercise there and is generally exercised by directors.Accordingly where the directors meet to attend the important decisions of the corporation undertaking , the corporation will be considered to be resident in the jurisdictio where they hold most or all of these meeting , hence INCH ltd will be deemed resident of Canada. 2) inch limited is liable for income tax under subsection 2(1) since its considered resident of Canada if not then subsection 2(3) 3) Inch ltd will pay tax only on the profit , after deducting from the rvenue all the current expenses related to the normal activity of the companies , the interest , the amortisation and the depreciation..

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Income Statement (in million of USDs) 2015 Total sales 202 Cost of sales -148 Gross Profit 54 Selling, general, and administrative expenses -22 Research and development -8 Depreciation and amortization -4 Other income 4 Earnings before interest and taxes (EBIT) 24 Interest income (expense) -7 Pretax income 17 Taxes -4 Net Income 13 Balance Sheet (in million of USDs) Assets Liabilities Current Assets Current Liabilities Cash 62 Accounts payable 42 Accounts receivable 46 Notes payable/short-term debt 1 Inventories 5 Total current assets 113 Total current liabilities 43 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 101 Long-term debt 98 Total long-term assets 101 Total long-term liabilities 98 Total Liabilities 141 Stockholders\' Equity 73 Total Assets 214 Total Liabilities and Stockholders\' Equity 214 The above tables show the income statement and balance sheet for a certain company. All quantities shown are in millions of dollars. 1. What is the company\'s ROE in 2015? 2. What is the company\'s ROA in 2015? 3. If the corporation has 20 million shares outstanding, what is its EPS in 2015? 4. Now consider that additionally the company\'s managers and employees have stock options for 5 million shares; what is its diluted EPS in 2015? Income Statement (in million of USDs) 2015 Total sales 202 Cost of sales -148 Gross Profit 54 Selling, general, and administrative expenses -22 Research and development -8 Depreciation and amortization -4 Other income 4 Earnings before interest and taxes (EBIT) 24 Interest income (expense) -7 Pretax income 17 Taxes -4 Net Income 13 Solution 1) ROE = Net income/Equity = $13/$73 = 17.81% 2) ROA = Net income/Total assets = $13/$214 = 6.07% 3) EPS = Net income/Number of shares outstanding = $13,000,000/20,000,000 = $0.65 4) Diluted EPS = Net income/Number of shares outstanding = $13,000,000/25,000,000 = $0.52.

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In your own words, what were the core intellectual, political, and artistic characteristics of the Italian Renaissance (c. 1350-1550 CE)? Describe two figures that seem to represent especially important Renaissance characteristics. Explain your reasoning. 250 words Solution The Renaissance is the reentrance into the world of that secular, inquiring, self- reliant spirit which characterized the life and culture of classical antiquity. This is simply to say that under the influence of the intellectual revival the men of Western Europe came to think and feel, to look upon life and the outer world, as did the men of ancient Greece and Rome; and this again is merely to say that they ceased to think and feel as mediaeval men and began to think and feel as modern men. Just as the Reformation went forth from Germany and the Political Revolution from France, so did the Renaissance go forth from Italy. And this was not an accident. The Renaissance had its real beginnings in Italy for the reason that all those agencies which were slowly transforming the mediaeval into the modern world were here more active and effective in their workings than elsewhere. City life was more perfectly developed in Italy than in the other countries of Western Europe. In the air of the great Italian city-republics there was nourished a strong, self-reliant, secular, myriad-sided life. It was a political, intellectual, and artistic life like that of the cities of ancient Greece. Florence, for example, became a second Athens. The cities themselves were, in a very exact sense, fragments of the old Empire.The influence which these reminders of a glorious past exerted upon sensitive souls is well illustrated by the biographies of such men as Boccaccio and Petrarch. Petrarch is best known to most as the writer of Italian sonnets, but his significance for general history is due almost wholly to his relation to the revival of classic learning in Italy. Petrarch was the first and greatest representative of the humanistic phase of the Italian Renaissance. He was the first scholar of the mediaeval time who fully realized and appreciated the supreme excellence and beauty of the classical literature and its value as a means of culture. Boccaccio did much to spread and to deepen the enthusiasm for antiquity that Petrarch had awakened. He industriously collected and copied ancient manuscripts and thus greatly promoted classical scholarship in Italy..

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In your opinion, what are the biggest challenges facing MNC Solution MNC or Multinational Corporations operate in more than one country and deliver its products or services worldwide. As these corporations operate in beyond a particular geography, they gets affected by challenges i.e. economic, political, technological and various social challenges that exists in countries they operate. The main challenge that the MNCs are facing in todays world is Political/regualtory in nature. A changing regulatory environment is always a concern for the business. With change in regulatory environment, the businesses need to reallign their operations and doing so can increase the cost to the business. The regulatory framework of any country remains constant when there is political stability. With change in government in any country, the policy frame work also changes, affecting the regulatory framework. In todays world due to the political instability in various corner of the world and the econmic downturn associated with it, is affecting the businesses to operate in a stable environment. Another major challenge could be economic challenge. Any company able to prosper when the country, they are doing business in, is economically sound and stable. With global depression spreading over various countries, some even adding upto the defaulter list, the challenges for MNCs to sell their product and services to gain profits are decreasing. As the global economical condition is detoriating, the disposable income in hands of consumers are decreasing, inturn decreasing the demand for product or services required. Hence, decreasind the profit margin for MNCs..

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In which of the following remote access methods is a pinholing scheme used to facilitate the network address translation (NAT) contact to occur with internal workstations? Tunneling Application portals Remote desktop access Direct application access Solution c. Remote desktop access There are two major styles of remote desktop access: (i) direct between the telework client device (e.g., a consumer device such as a smartphone and PDA or PC used for performing telework) and the internal workstation, and (ii) indirect through a trusted intermediate system. However, direct access is often not possible because it is prevented by many firewalls..

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In what area does internal control allow only one person responsible? Solution 1. Establishment of Responsibility: An essential characteristic of internal control is the assignment of responsibility to specific individuals. a. Control is most effective when only one person is responsible for a given task. b. Establishing responsibility includes the authorization and approval of transactions. 2. Segregation of Duties: Segregation of duties is indispensable in a system of internal control. a. The rationale for segregation of duties is that the work of one employee should, without a duplication of effort, provide a reliable basis for evaluating the work of another employee. i. There are two common applications of this principle: 1. The responsibility for related activities should be assigned to different individuals. 2. The responsibility for record keeping for an asset should be separate from the physical custody of an asset..

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In today Solution n the past it had been the common conception that businesses fundamentally rely upon, and in turn effect their economic capital, which is represented in the form of stockholders. The rise to prominence of stakeholders (through studies and reports) has allowed firms to realise that there are people and infrastructure beyond the company which are necessary to it and who must have their interests protected. An organisation\'s stakeholders are all parties who can reasonably be understood to be affected by its decisions. They can be deemed to represent the businesses\' social and environmental capital as well as economic. Stakeholders can be of very different and varied guises and also harbour conflicting interests. In the main they can be categorised into three major groups: Internal, Connected and External Stakeholders. Internal stakeholders include managers and employees and are those that are situated within the company and affect the.

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In this task, I want you to verify that the phase response of Fourier transform is much more important than the magnitude response in case of images 1- Upload two images into Matlab of the same size. 2- Find the Fourier transform of these two images. (the function that you need to use is “y=fft2(im)” 3- Reconstruct the images using their corresponding Fourier transforms and verify that the Fourier transformation is perfectly invertable. (The function that you need to use is ifft2(y). 4- The Fourier transforms of the images are complex numbers, so you need to find their magnitude and phase. (The functions that you need to use are “abs(y)” for magnitude and “unwrap(angle(y))” for phase.). 5- Use the magnitude response of image 1 and the phase response of image 2 and reconstruct the image applying inverse Fourier transform. (The function that you need to use is ifft2(rcos+jrsin ), where r is the magnitude and is the phase). 6- Use the magnitude response of image 2 and the phase response of image 1 and reconstruct the image applying inverse Fourier transform. 7- Comment on the results. Solution Fourier transform :- The Fourier transform decomposes a function of time (a signal) into the frequencies that make it up, similarly to how a musical chord can be expressed as the amplitude (or loudness) of its constituent notes. The Fourier transform of a function of time itself is a complex-valued function of frequency, whose absolute value represents the amount of that frequency present in the original function, and whose complex argument is the phase offset of the basic sinusoid in that frequency. The Fourier transform is called the frequency domain representation of the original signal. The term Fourier transform refers to both the frequency domain representation and the mathematical operation that associates the frequency domain representation to a function of time. The Fourier transform is not limited to functions of time, but in order to have a unified language, the domain of the original function is commonly referred to as the time domain. For many functions of practical interest one can define an operation that reverses this: the inverse Fourier transformation, also called Fourier synthesis, of a frequency domain representation combines the contributions of all the different frequencies to recover the original function of time. Linear operations performed in one domain (time or frequency) have corresponding operations in the other domain, which are sometimes easier to perform. The operation of differentiation in the time domain corresponds to multiplication by the frequency,[note 1] so some differential equations are easier to analyze in the frequency domain. Also, convolution in the time domain corresponds to ordinary multiplication in the frequency domain. Concretely, this means that any linear time-invariant system, such as a filter applied to a signal, can be expressed relatively simply as an operation on frequencies.[note 2] After performing .

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In this unit, you discussed some of the problems associated with inflation. List one of these problems and describe a situation in which you encountered this problem Solution One of the major problem associated with the inflation is increase in poverty and affordability by the people. The survival becomes expensive and it become difficult to the people to afford the product and services. This problem is encountered when the price rise exceeds the level of affordability of the people..

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In this chapter a decision tree was developed for John Thompson (Figure for the complete decision tree analysis). After completing the analysis, John was not completely sure that he is indifferent to risk. After going through a number of standard gambles, John was able to assess his utility for money. Here are some of the utility assessments: U ( Solution http://brainmass.com/business/business-analysis/171301.

In this chapter a decision tree was developed for John Thompson (Fig.pdf

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In this problem , I have to find the third derivative of the fourth root of 2x cubed minus 16. so Third derivative of (fourth root) 4 2x^3 - 16 Solution The fourth root can be thought of as (2x^3) being raised to the 1/4 power so you can just multiply the power and get 2x^3/4 - 16 Take the first derivative: 3/4*2x^-1/4 Second derivative: 3/4*-1/4*2x^-5/4 = -3/16*2x^-5/4 Third derivative: -3/16*-5/4*2x^-9/4 = 15/64*(2x^-9/4).

In this problem , I have to find the third derivative of the fourth .pdf

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