Answer the following questions. a. At the beginning of the year, Addison Company's assets are $300,000 and its equity is$ 100,000. During the year, assets increase $80,000 and liabilities increase$ 50,000. What is the equity at year-end? b. Office Store has assets equal to $123,000 and liabilities equal to$ 47,000 at year-end. What is the equity for Office Store at year-end? c. At the beginning of the year, Quaker Company’s liabilities equal $70,000. During the year, assets increase by$60,000, and at year-end assets equal $190,000. Liabilities decrease$5,000 during the year. What are the beginning and ending amounts of equity?

Answer the following questions. Hint: Use the accounting equation.

c. At the beginning of the year, Quaker Company’s liabilities equal $\$70,000$. During the year, assets increase by $\$60,000$, and at year-end assets equal $\$190,000$. Liabilities decrease $\$5,000$ during the year. What are the beginning and ending amounts of equity?

Answer the following questions. Hint: Use the accounting equation.

c. At the beginning of the year. Quaker Company's liabilities equal $70,000. During the year, assets increase by$60,000, and at year-end assets equal $190,000. Liabilities decrease$5,000 during the year. What are the beginning and ending amounts of equity?

On December 1. Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts

Cash$11,360                 Cash dividends              $2,000 
Accounts receivable       14,000                 Consulting revenue          14,000
Office supplies            3,250                 Rent expense                 3,550
Office equipment          18,000                 Salaries expense             7,000 
Land                      46,000                 Telephone expense              760 
Accounts payable           8,500                 Miscellaneous expenses         580 
Common stock              84,000 

Prepare a December statement of cash flows for Ernst Consulting. Assume the following additional information.

c. The accounts payable balance of$8,500 consists of the $3,250 office supplies purchase and$5,250 in employee salaries yet to be paid.

Answer the following questions. Hint: Use the accounting equation.

a. At the beginning of the year. Addison Company's assets are $300,000 and its equity is$100,000. During the year, assets increase $80,000 and liabilities increase$50,000. What is the equity at year-end?

a. Barga Company purchases $20,000 of equipment on January 1, 2017. The equipment is expected to last five years and be worth$2,000 at the end of that time. Prepare the entry to record one year’s depreciation expense of $3,600 for the equipment as of December 31, 2017. b. Welch Company purchases$10,000 of land on January 1, 2017. The land is expected to last indefinitely. What depreciation adjustment, if any, should be made with respect to the Land account as of December 31, 2017?

In each sentence below, underline the correct verb form in parentheses.

Example 1. If you (lie, $\underline{{lay}}$) your hand on the glass tabletop, you’ll leave fingerprints.

A student who is ill may (lay, lie) down in the nurse’s office.

Recently, it was announced that two giant French retailers, Carrefour SA and Promodes SA, would merge. A headline in the Wall Street Journal blared, “French Retailers Create New Wal-Mart Rival.” While Wal-Mart’s total sales would still exceed those of the combined company, Wal-Mart’s international sales are far less than those of the combined company. This is a serious concern for Wal-Mart, since its primary opportunity for future growth lies outside of the United States.

Below are basic financial data for the combined corporation (in euros) and Wal-Mart (in U.S. dollars). Even though their results are presented in different currencies, by employing ratios we can make some basic comparisons.

$$\begin{array}{lcc} &\textbf{Carrefour}&\textbf{Wal-Mart }\\ &\underline{\textbf{(in millions)}}&\underline{\textbf{(in millions)}}\\[5pt] \text{Sales revenue}&\text{\hspace{5pt}70,486}&\text{\hspace{5pt}256,329}\\ \text{Cost of goods sold}&\text{\hspace{5pt}54,630}&\text{\hspace{5pt}198,747}\\ \text{Net income}&\text{\hspace{10pt}1,738}&\text{\hspace{15pt}9,054}\\ \text{Total assets}&\text{\hspace{5pt}39,063}&\text{\hspace{5pt}104,912}\\ \text{Current assets}&\text{\hspace{5pt}14,521}&\text{\hspace{10pt}34,421}\\ \text{Current liabilities}&\text{\hspace{5pt}13,660}&\text{\hspace{10pt}37,418}\\ \text{Total liabilities}&\text{\hspace{5pt}29,434}&\text{\hspace{10pt}61,289}\\ \end{array}$$

Instructions

Compare the two companies by answering the following.

(a) Calculate the gross profit rate for each of the companies, and discuss their relative abilities to control cost of goods sold.

Use trigonometric identities and algebraic methods, as necessary, to solve the following trigonometric equation.

$$-\dfrac{2 \cos ^2 \theta}{3}=\sin \theta-1$$

State whether these data are discrete or continuous. a. The number of sweets in a packet b. The heights of students in Grade 8 c. The dress sizes of a girls' pipe band d. The number of red cars in a parking lot e. The weights of kittens f. The marks obtained by Grade 7 in a science test g. The times taken for students to write their World Literature paper h. The weights of apples in a 5 kg bag i The number of cm of rain each day during the month of April j. The number of heads when a coin is tossed 60 times k. The times taken for athletes to run a marathon I. The number of visitors to the Blue Mosque each day.

Professor of English, Dr. Patton, recently tallied how many words in a collection of student essays were misspelt. She observed that, with a population standard deviation of 2.44 words per essay, the distribution of misspelt words per essay followed the normal distribution. The average number of misspelt words for her 40-student class at 10 a.m. was 6.05. For the population of student essays, calculate a 95% confidence interval for the average number of misspelt words.

Imagine that you are a scientist in the early twentieth century, and you have just learned the details of a new, nuclear model of the atom proposed by the prominent English physicist Ernest Rutherford. After analyzing the model, you discern what you believe to be important limitations. Write a letter to Rutherford in which you express your concerns regarding his model. Use diagrams and examples of specific elements to help you make your point.

Be sure to check your solutions and methods with others. You may be surprised to find many good ways of doing these estimations. Estimate $42 \times 34$.

On a separate sheet of paper, answer the questions below. Make sure you read carefully and answer all parts of the questions. How did the physical geographic factors of Mesopotamia contribute to the beginning of civilization?