P5-5B An inexperienced accountant prepared this condensed income statement for Wright Company, a retail firm that has been in business for a number of years.WRIGHT COMPANY

Income Statement

For the Year Ended December 31, 2014

Revenues

Net sales                              $952,000

Other revenues                        16,000

                                                  968,000

Cost of goods sold                     548,000

Gross profit                                420,000

Operating expenses

Selling expenses                    160,000

Administrative expenses         104,000

                                                 264,000

Net earnings                             $156,000

As an experienced, knowledgeable accountant, you review the statement and determine the following facts.

1.  Net sales consist of sales $972,000, less freight-out on merchandise sold $20,000.

2.  Other revenues consist of sales discounts $12,000 and interest revenue $4,000.

3.  Selling expenses consist of salespersons’ salaries $88,000; depreciation on equipment $4,000; sales returns and allowances $46,000; advertising $12,000; and sales commissions $10,000. All compensation should be recorded as Salaries and Wages Expense.

4.  Administrative expenses consist of office salaries $54,000; dividends $14,000; utilities $13,000; interest expense $3,000; and rent expense $20,000, which includes prepayments totaling $2,000 for the first month of 2015. The utilities represent utilities paid. At December 31, utility expense of $3,000 has been incurred but not paid.

 

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I think the correct answer is b, am I right?

Identify the correct sentence.

Question 33 options:

a) 

Not far from the studio is an Italian restaurant, a gas station, and a park that has a running path.

b) 

Not far from the studio are an Italian restaurant, a gas station, and a park that has a running path.

c) 

Not far from the studio are an Italian restaurant, a gas station, and a park that have a running path.

d) 

Not far from the studio is an Italian restaurant, a gas station, and a park that have a running path.

 

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I too am often intrigued by the Zimbardo prison study. It is amazing how quickly humans altered their human behavior to match the situation they were placed in. As a study, we can see how this might relate to something like Nazi Germany. We can clearly see how the soldiers, in probably a very short period of time, had to change their behavior to fit the situation that they were placed in. Although it can be difficult at times to draw conclusions from studies that take place in the lab, we can see how this study certainly relates to events that have occurred in our human history. I think the situation is a powerful predictor, but so can the leader like you mentioned in your post.

Thank you for highlighting the importance of keeping participants safe. Can Zimbardo, for example, have kept his participants safe by doing the experiment in a different way?

 

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Hi. I tried to follow the instructions on the virtual lab in the link: http://www.mhhe.com/biosci/genbio/virtual_labs/BL_26/BL_26.html. I am not able to figure out how to do the sequences correctly by following the mutation rules. For example, the mutation rule that says “delete the 2nd C,” the mutated sequence was given, but not the original sequence. So, I did the original sequence the same as the mutated sequence, but I just removed the 2nd C, so there was a gap there. I put the same amino acids, too. However, whenever I click on “check” it says I am wrong every time. I am not able to figure out how to do the lab correctly. Can you please help me? Thank you.

 

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I tried wording my question to seek help I’m only trying to learn and understand C++ better. I’m interested in understanding how a C++ sorting numbers driver program have three class member functions [void insert(double x)]; [bool search(double x)]; [void inorder(vector <double> & v)]. The search function will call a private recursive member function [bool search(double x, BtreeNode *t)]. The inorder function is empty vector v: then fills v with inorder list of numbers stored in binary search tree

 

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