Question P12.3 (LO 2, 4) The equity accounts of Terrell SE on January 1, 2020, were as follows. Share Capital-Preference (9%, €50 par, cumulative, O € 400,000 10,000 shares authorized) 1,000,000 Share Capital-Ordinary (€1 stated value, 2,000,000 shares authorized) Share Premium-Preference 100,000 Share Premium Ordinary 1.450,000 Retained Earnings 1,816,000 Treasury Shares-Ordinary (20.000 shares) 50.000 During 2020, the company had the following transactions and events pertaining to its equity. ab in Feb. 1 Issued 30,000 ordinary shares for €120,000. Apr. 14 Sold 9,000 treasury shares-ordinary for €42,000. Sept. 3 Issued 7,000 ordinary shares for a patent valued at €32.000. Nov. 10 Purchased 1,000 ordinary shares for the treasury at a cost of €6.000. Dec. 31 Determined that net income for the year was €452,000. bobom No dividends were declared during the year. Instructions a. Journalize the transactions and the closing entry for net income. b. Enter the beginning balances in the accounts, and post the journal entries to the equity accounts. (Use JS for the posting reference.) c. Prepare an equity section at December 31, 2020, including the disclosure of the preference divi- dends in arrears.

Elegant Dining sells china, glassware, and other gift items that are subject to an 8 percent sales tax. The shop uses a general journal and a sales journal similar to those illustrated in this chapter. All customers have payment terms of n/30. DATE TRANSACTIONS Nov. 1 Sold china to Paola Jimenez; issued Sales Slip 1001 for $1,250 plus 5100 sales tax. 5 Sold a brass serving tray to Janet Hutchison; issued Sales Slip 1002 for $1,850 plus 5148 sales tax. & Sold a vase to Charles Brown: issued Sales Slip 1003 for $450 plus 536 sales tax. 10 Sold a punch bowl and glasses to Terri Namala; issued Sales Slip 1004 for $1,450 plus $116 sales tax. 14 Sold a set of serving bowls to Dorothy Watts issued Sales Slip 1995 for $300 plus $24 sales tax. 17 Gave Terri Natala an allowance because of a broken glass discovered when unpacking the punch bowl and glasses sold on November 10, Sales Slip 1004; issued Credit Memorandue 102 for $176.00, which includes sales tax of $13 21 Sold a coffee table to Teresa Vu; issued Sales Stip 1005 for $2,950 plus $236 sales tax. 24 Sold sterling silver teaspoons to Hank O'Connor;lissued Sales Slip 1007 for $350 plus $28 sales tax. 25 Gave Teresa Yu an allowance for scratches on her coffee table sold on November 21, Sales Slip 1006; issued Credit Menorandum 103 for 5396, which includes $29 in sales tax. 30 Sold a clock to Elena Bratianu: issued Sales Slip 2008 for $3,550 plus $284 sales tax. Required: 1. Record the transactions for November in the proper journal. 2. Post to the accounts receivable ledger. 3. Post the amounts from the general journal daily, Post the sales journal amount as a total at the end of the month 4. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule. Analyze: Sales Journal General Journal Ledger Accounts Schedule of Acct Roc Analyze Prepare a schedule of accounts receivable. ELEGANT DINING Schedule of Accounts Receivable November 30, 20X1 Paola Jiminez $ 1,350 Planet Hutchison 1,998 Charles Brown 486 Tem Namala 1,390 Dorothy Watts 324 Freresa Yu Hank O'Connor 378 Elena Bratianu 3,834 Total $ 12.946 < Ledger Accounts Analyze > ce Teresa Yu Date Nov. 21, 20X1 Debit 3,186 Terms: n/30 Credit Balance 3,186 324 eneral Journal Schedule of Acct Rec >

14.1 Match the terms in the left column with their definitions from the right column: 1. Bill of materials a. A factor that causes costs to change 2. Operations list b. A measure of the number of good units produced in a period of time c. A list of the raw materials used to create a finished product 3. Master production schedule 4. Lean manufacturing d. A document used to authorize removal of raw materials from inventory 5. Production order e. A cost accounting method that assigns costs to products based on specific processes performed 6. Materials requisition f. A cost accounting method that assigns costs to specific batches or production runs and is used when the product or service consists of uniquely identifiable items 7. Move ticket g. A cost accounting method that assigns costs to each step or work center and then calculates the average cost for all products that passed through that step or work center 8. Job-time ticket h. A document that records labor costs associated with manufacturing a product 9. Job-order costing i. A document that tracks transfer of inventory from one work center to another 10. Cost driver j. A document that authorizes manufacture of a finished good 11. Throughput k. A document that lists the steps required to manufacture a finished good 1. A document that specifies how much of a finished good is to be produced during a specific time period 12. Computer-integrated manufacturing m. A production planning technique that is an extension of the just-in-time inventory control method n. A production planning technique that is an extension of the materials requirement planning inventory control method o. A term used to refer to the use of robots and other IT techniques as part of the production process

11.60 Consider the flow of air through the piping system shown in Fig. P11.60. If the system is choked, determine the location where the Mach number is 1. Calculate the pressure ratio pb/Po, that causes choking in this system. 100 in 100 in Pв PO то 4 1.5 in diameter 1 in diameter Short nozzle 0.0030 in 1.5 in pipe 0.0035 in 1 in pipe

The worldwide market share for the Chrome web browser was 56.43% in a recent month. Suppose that you decide to select a sample of 100 students at your university and you find that 60 use the Chrome web browser. a. Use the five-step p-value approach to determine whether there is evidence that the market share for the Chrome web browser at your university is greater than the worldwide market share of 56.43%. (Use the 0.05 level of significance.) b. Suppose that the sample size is n = 600, and you find that 60% of the sample of students at your university (360 out of 600) use the Chrome web browser. Use the five-step p-value approach to try to determine whether there is evidence that the market share for the Chrome web browser at your university is greater than the worldwide market share of 56.43%. (Use the 0.05 level of significance.) c. Discuss the effect that sample size has on hypothesis testing. d. What do you think are your chances of rejecting any null hypothesis concerning a population proportion if a sample size of n = 20 is used?

Find the magnitude of the resultant force and the angle it makes with the positive x-axis. (Let a = 26 lb and b = 12 lb. Round your answers to one decimal place.) Find the magnitude of the resultant force and the angle it makes with the positive x-axis. (Let a = 26 lb and b = 12 lb. Round your answers to one decimal place.)

Harley-Davidson is known for its strong brand name and loyal following and yet by 1980 Harley was on the verge of bankruptcy. Why was Harley in deep trouble even with such a strong brand name? a) Harley-Davidson cannot compete in foreign markets b) Competitors beat Harley on reliability and cost c) All of the above d) Harley-Davidson bikes are technologically inferior COURSE: STRATEGIC BUSINESS DECISIONS