Please create ERDs for the following two examples and have them ready to upload. Please show cardinality for each one:

The owner of a cemetery plans to offer a perpetual care service for gravesites. The owner estimates that it will cost $120 per y

Oksanka [162]

Answer:

Charge for perpetual care service will be $1500

So option (a) will be the correct option

Explanation:

We have given the estimated cost to maintain a gravesites is $120 per year

Interest rate = 8 % = 0.08

We have to find the fee which owner charged for the perpetual care service

The perpetual charge is given by

$=\frac{estimated\ cost}{rate\ of\ interest}=\frac{120}{0.08}=$1500$

Charge for perpetual care service will be $1500

So option (a) will be the correct option

4 0

3 years ago

The facility is implementing a new information system that will require conversion of healthcare data. the conversion is:

Gnoma [55]

Required when data is stored differently or changes are being made to data collection

3 0

3 years ago

Given the following adjusted trial balance:

Mandarinka [93]

Answer:

The balance in retained earnings will be $3,810

Explanation:

For computing the ending balance of the retained earning, first, we have to compute the net income

So, the net income would be equal to

= Service revenue + interest revenue - Salaries and wages expense - Travel expense

= $206 + $31 - $90 - $37

= $110

Now we can find out the ending balance of retained earnings. It is shown below:

= Beginning retained earning balance + net income - dividend paid

= $3,700 + $110 - $0

= $3,810

5 0

3 years ago

The following information concerns the intangible assets of Epstein Corporation: On June 30, 2021, Epstein completed the acquisi

Fittoniya [83]

Answers:

a. Acquisition of cost of corporation = $2,420,000

Less: Fair value of net identifiable assets = $2,050,000

Cost of good will = $370,000

Note: Goods will is not amortized

b. Cost of patent purchase = $91,200

Legal life = 13 years

Estimated useful life= 8 years

Ammortization = Cost / Estimated useful life

= $91,200/8 years

=$11,400

Ammortization per annum is $11,400

Patent is purchased on 30/6/2021

Calculation of amortization for 6 months periods

Amortization for 6 months (July-December)= $11,400 * 6/12

=$5,700

Note: Amortization should be amortized on basis of their amortized value that is, 8 years.

c. Calculation of amortization cost for franchise

Cost = $250,800

Life=11

Purchased on 1/10/2021

Amortization = Cost / Estimated useful life

= $250,080/11

=$22,800

Amortization per annum is $22,800

Calculation of the amortization for 3 month period=

Amortization of 3 month (Oct-Dec.) = $22,800 * 3/12

=$5,700

d, Journal Entries Debit$ Credit$

Amortization Expenses 5,700

Patent 5,700

(To record the amortization expenses)

Amortization Expenses 5,700

Franchise 5,700

(To record the amortization expenses)

e. Partial Balance Sheet

Assets $ $

Current Assets

Long term Assets

Tangible assets 2,050,000

Intangible assets

Goodwill 370,000

Patent 91,200

Less: Accumulated Depreciation 11,400 79,800

Franchise 250,800

Less: Accumulated Depreciation 22,800 228,000

6 0

3 years ago

A registered representative has left one firm to join another. Sometime later, the former employer discovers that some informati

postnew [5]

No stated time limit has been given if the firm had not filed an amended U-5.

<h3>What is the time limit to be followed for filing form U-5?</h3>

Form U5 must be filed within thirty days of the date of the termination event, and it requires a firm to provide accurate answers to various questions, including the reason for an associated person's termination of their registration.

Form U5 is the Uniform Termination Notice for Securities Industry Registration which includes the Broker-dealers, funding advisers, or issuers of securities who ought to use this form to terminate the registration of a person in the best jurisdictions.

Hence, no stated time limit has been given if the firm had not filed an amended U-5.

Learn more about Form U5:

brainly.com/question/20367254

#SPJ1

8 0

2 years ago