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3 years ago

What is the effect of using both a variable and a control in an experiment?

1 answer:

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Using variables helps determine different factors that either positively or negatively effect experiment results. Using a control, something that does not change, allows scientists to change around the variables and monitor their effects on the control.

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Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1

yaroslaw [1]

Answer:

Mijka Company

a. Journal Entries

Debit Cash $30,400

Credit Service Revenue $30,400

To record the proceeds for services provided.

Debit Expenses $13,800

Credit Cash $13,800

To record the payment of cash for services.

Debit Dividend $2,100

Credit Cash $2,100

To record the payment of cash dividend.

b. Income Statement for the year ended December 31, 2018:

Service Revenue $30,400

Expenses 13,800

Net Income $16,600

Dividends (2,100)

Retained earnings $14,500

Statement of Changes in Stockholders' Equity as of December 31, 2018:

Retained Earnings $14,500

Balance Sheet as of December 31, 2018:

Assets:

Cash $14,500

Equity:

Retained Earnings $14,500

Explanation:

a) Data and Calculations:

Cash revenue $30,400

Cash expense (13,800)

Cash dividend (2,100)

Cash balance $14,500

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2 years ago

Sales revenue

Ne4ueva [31]

Answer:

may be recorded before cash is collected.

Explanation:

Sales revenue "may be recorded before cash is collected."

This is according to Accrual accounting, which unlike the cash model that requires payments to be made before sales revenue is recorded.

In the Accrual accounting model, sales revenue recording is not based on cash collection before it is recorded. Here, the revenue is recorded in as much the transferred goods are made and collection of payment is determined or expected.

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3 years ago

Jess, Frank, and Ted are coworkers at Crossroad Inc. Having worked at CI for five years now, the three are discussing their care

Papessa [141]

Answer:

c. affective commitment.

Explanation:

Based on the information provided within the question it can be said that in this scenario Ted is exhibiting affective commitment. This refers to the level of degree in which a person "wants" to continue working at the company in which they currently work. For Ted, he wants to continue working at CI because of the relaxed atmosphere and his friends. He does not feel a sense of debt to the company or believes he "needs" to stay, but instead decides he "wants" to stay everyday.

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3 years ago

On January 1, 2017, Hannigan Company issued bonds with a face value of $600,000. The bonds carry a stated interest of 7% payable

mart [117]

Answer:

Explanation:

The journal entries are shown below:

Cash A/c Dr $582,000 ($600,000 × 0.97)

Discount on Bonds Payable A/c Dr $18,000

To Bonds payable A/c $600,000

(Being the issuance of the bond is recorded and the remaining balance is debited to the discount on bond payable account)

Cash A/c Dr $612,000 ($600,000 × 1.02)

To Bonds payable A/c $600,000

To Premium on bonds payable A/c $12,000

(Being the issuance of the bond is recorded and the remaining balance is credited to the premium on bond payable account)

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3 years ago

On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The building was c

lutik1710 [3]

Answer:

$207,800

Explanation:

Date Expenditure Weight Average

January 1 $980,000 12/12 $980,000

March 31 $1,580,000 9/12 $1,185,000

June 30 $1,256,000 6/12 $628,000

Sept. 30 $980,000 3/12 $245,000

Dec. 31 $780,000 0/12 $0

Total $3,038,000

Calculation of average interest rate for general debt

Amount Rate Interest

Bonds $8,000,000 11% $880,000

Long term rate $2,000,000 6% $120,000

Total $10,000,000 $1,000,000

Average interest rate = $1,000,000 / $10,000,000

Average interest rate = 10%

Calculation of interest capitalized

Note: General debt = $3,038,000 - $2,400,000 = $638,000

Average Interest rate Capitalized interest

Specific debt $2,400,000 6% $144,000

General debt $638,000 10% $63,800

Total $207,800

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3 years ago