...until it ships. 2. No. The cost was not received until Jan 3. 3. Yes. The item was ordered before Dec 31st, and it was a part of your inventory on hand. 4. No. It should not be included in inventory because since it is on consignment it does not belong to the sender. 5. Yes. The item was received on Dec 28th and you already paid for it P8-4 A. 1700-1400 = 300 1. 100*5.00 = 500 200 *5.10 = 1020 500+1020 = 1520 2. 200*5.80 = 1160 100*5.60 = 560 1160+560 = 1720 3.Total costs 9160/total inventory 1700 = 5.39 300*5.39 = 1617 E9-1 Part Quantity Cost Market Total Cost Total Market Lower of Cost or Market 110 600 95 100 57000 60000 57000 111 1000 60 52 60000 52000 52000 112 500 80 76 40000 38000 38000 113 200 170 180 34000 36000 34000 120 400 205 208 82000 83200 82000 121 1600 16 14 25600 22400 22400 122 300 240 235 72000 70500 70500 370600 362100 355900 a. 355900 b. 362100 P9-12 a. The retail method would be applied if a company has a high volume of items sold at a low prices. Some advantages of using the retail method would be that you do not need to do a physical inventory assessment of each of your items. You can accurately gague how much inventory you have on hand by using a calculation of how much you have sold thus far and subtracting from your beginning...
Words: 294 - Pages: 2
...December 31, 2011,consistsofthe following items. Part No. Quantity Cost per Unit Cost to Replace per Unit 110 600 $95 $100 111 1,000 60 52 112 500 80 76 113 200 170 180 120 400 205 208 121a 1,600 16 14 122 300 240 235 aPart No. 121 is obsolete and has a realizable value of $0.50 each as scrap. Instructions (a) Determine the inventory as of December 31, 2011, by the lower-of-cost-or-market method, applying this method directly to each item. (b) Determine the inventory by the lower-of-cost-or-market method, applying the method to the total of the inventory. E9-12 (Gross Profit Method) Astaire Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. Inventory, May 1 $ 160,000 Purchases (gross) 640,000 Freight-in 30,000 Sales 1,000,000 Sales returns 70,000 Purchase discounts 12,000 Instructions (a) Compute the estimated inventory at May 31, assuming that the gross profit is 25% of sales. (b) Compute the estimated inventory at May 31, assuming that the gross profit is 25% of cost. E9-1 (Lower-of-Cost-or-Market) The inventory of Oheto Company on December 31, 2011,consistsofthe following items. Part No. Quantity Cost per Unit Cost to Replace per Unit 110 600 $95 $100 111 1,000 60 52 112 500 80 76 113 200 170 180 120 400 205 208 121a 1,600 16 14 122 300 240 235 aPart No. 121 is obsolete and has a realizable value of $0.50 each as scrap. Instructions (a) Determine the...
Words: 457 - Pages: 2
...capital so he moved Wichita * In 1924 he partnered with Lloyd Stearman and Walter Beech to form the Travel Air Manufacturing Co. * In 1927 he left the company to form his own business the Cessna Aircraft Company. * The first monoplane what the company produced was the Phantom it flew on August 13, 1927 * The company created a series of successful four and six place monoplanes. * With the collapse of Wall Street in 1929 the company started to struggle and closed the doors in 1931 * In 1934 Clyde`s nephews Dwane and Dwight Walles reborn the Cessna Aircraft Company. * In 1948, Cessna introduced the 170, a four place tail wheel airplane powered by a 145 horsepower Continental engine. * In 1955 a upgrade of the 170 was produced and an this became an overnight success with 1400 airplanes sold in the first year. * The 170 is today the Skyhawk and it is the most widely produced light aircraft in history. * 1969 Cessna's first business jet, the Fan Jet 500 was produced * 1971 the first Fan Jet 500 was delivered * In 1985 Cessna was bought by General Dynamics * In 1986 the production of piston engine was...
Words: 326 - Pages: 2
...PHYSIC AL CONSTANTS CONSTANT Speed of light Elementary charge Electron mass Proton mass Gravitational constant Permeability constant Permittivity constant Boltzmann’s constant Universal gas constant Stefan–Boltzmann constant Planck’s constant Avogadro’s number Bohr radius SYMBOL c e me mp G m0 P0 k R s h 15 2p"2 NA a0 THREE-FIGURE VALUE 3.003108 m/s 1.60310219 C 9.11310231 kg 1.67310227 kg 6.67310211 N # m2/kg 2 1.2631026 N/A2 1H/m2 8.85310212 C 2/N # m2 1F/m2 1.38310223 J/K 8.31 J/K # mol 5.6731028 W/m2 # K4 6.63310234 J # s 6.0231023 mol21 5.29310211 m BEST KNOWN VALUE* 299 792 458 m/s (exact) 1.602 176 4871402 310219 C 9.109 382 151452 310231 kg 1.672 621 6371832 310227 kg 6.674 281672 310211 N # m2/kg 2 4p31027 (exact) 1/m0c2 (exact) 1.380 65041242 310223 J/K 8.314 4721152 J/K # mol 5.670 4001402 31028 W/m2 # K4 6.626 068 961332 310234 J # s 6.022 141 791302 31023 mol21 5.291 772 08591362 310211 m *Parentheses indicate uncertainties in last decimal places. Source: U.S. National Institute of Standards and Technology, 2007 values SI PREFIXES POWER 1024 1021 1018 1015 1012 109 106 103 102 101 100 1021 1022 1023 1026 1029 10212 10215 10218 10221 10224 THE GREEK ALPHABET PREFIX yotta zetta exa peta tera giga mega kilo hecto deca — deci centi milli micro nano pico femto atto zepto yocto SYMBOL Y Z E P T G M k h da — d c m μ n p f a z y Alpha ...
Words: 201181 - Pages: 805
...Statics of Rigid Bodies STATICS OF RIGID BODIES Chapter 1: Introduction Department of Engineering Sciences enter 〉〉 Statics of Rigid Bodies DEFINITION Mechanics • the study of the relationship among forces and their effects on bodies. • the science which describes and predicts the conditions for rest and motion of bodies under the action of forces. • a physical science (for it deals with physical phenomena) Prev Department of Engineering Sciences Jump to… Stop Show Next Statics of Rigid Bodies MECHANICS MECHANICS RIGID BODIES STATICS bodies at rest DYNAMICS bodies in motion DEFORMABLE BODIES INCOMPRESSIBLE FLUIDS COMPRESSIBLE Prev Department of Engineering Sciences Jump to… Stop Show Next Statics of Rigid Bodies What is a FORCE? represents the action of one body on another that tends to change the state or state of motion of a body. may be exerted by actual contact or at a distance (e.g. gravitational and magnetic forces). characterized by its point of application, magnitude and direction. represented by a vector. Prev Department of Engineering Sciences Jump to… Stop Show Next Statics of Rigid Bodies Effects of a FORCE • development of other forces (reactions or internal forces) • deformation of the body • acceleration of the body Applied Force Prev Department of Engineering Sciences Jump to… Stop Show Next Statics of Rigid Bodies Development of other forces ...
Words: 534 - Pages: 3
... GE 253 Physics Albert Einstein’s Contribution to Quantum Mechanics Albert Einstein was one of the greatest minds in world history. Einstein is known as a brilliant physicist who contributed more to the scientific world than any other person. His theories on relativity paved the way for how science currently views time, space, energy, and gravity. Einstein was so advanced in his thinking that his studies and work set the standards for the control of scientific energy and space explorations currently being studied in the field of astrophysics. Albert Einstein's most noted contribution to the world is his theory of relativity. By 1902, Einstein was working on combining time and space, matter and energy. In 1905 when he was only 26 years old, he published a paper on relativity. This paper showed mathematically that the speed of light is constant and not relative to its source or to the viewer. Einstein had actually written an essay when he was only 16 years old on relativity, which became the basis for his published paper. The greatest result of relativistic physics was Einstein's famous relation, E=mc2. In this, he was able to prove that any increase in the energy, E, of a body must lead to a corresponding increase in its mass, m, these increases being related by a factor c2 , where c represents the velocity of light squared. In conclusion, Albert Einstein ranks as one of the greatest people for his contributions towards physics and his part...
Words: 315 - Pages: 2
...Physics is all around us. It is what causes the lights to buzz with electricity, the car on the streets to go from point A to point B, and our televisions to run so we can watch our favorite shows. According to Webster dictionary, physics is the science of matter and energy and of interactions between the two. In all physics consists of energy, kinetic energy, potential energy, velocity, acceleration, mass, force, and gravity. Without physics many things would not be possible. In fact, when a person is driving their car they are suing momentum (the quantity of motion of a moving object) and acceleration. Over time our general understanding of physics has helped us develop greater technology than society thought possible. For example, many years ago society believed that flight was impossible until two brothers, the Wright brothers, invented the aircraft. Now of course that was with many trial and errors. According to Bernoulli principle an increase of a flow results in a decrease of pressure. When air hits the leading edge the airflow above the wing travels faster than the flow below the wing. So therefore, the pressure below the wing will be higher than the air pressure above the wing. Because of this difference in pressure, lift is created, and pushes the wings upward. Be that as it may, this is not the only physics principle at work One must also apply Newton’s 1st (every body remains in a state of rest or uniform motion unless it is acted upon by an external unbalanced...
Words: 295 - Pages: 2
...CWV-101 March 29th 2014 Joe Stanley Role Model Review Outline Directions: * Identify the worldview of the role model you chose. Their worldview will be one (or a combination of two for some of the role models) of the worldviews that we have discussed in this course. * Write an Introduction of 3-5 sentences to set up the purpose of the outline. Include the identification of the worldview of the person you chose in the introduction. * Write a Thesis Statement. This should appear at the end of your introduction in the final draft of the paper. A sample thesis would look something like: Martin Luther King Jr.’s worldview can be seen in the way that he viewed family, the nature of God, and social issues. His view of these three topics will be compared with my own. * Address each question with a topic sentence (the first sentence in the paragraph) and 1-2 additional sentences (“a” = 1 sentence / “b” = 1 sentence). In the topic sentence you should clearly identify the topic being discussed. A sample topic sentence would look something like: Martin Luther King Jr.’s worldview can be seen in how he views the issue of family. * Write a Conclusion of 3-5 sentences to wrap up the purpose of the outline. In this paragraph you should explicitly state why you do or do not consider the individual you wrote about to be a role model. * Write your References in GCU style: These should be three academic references that you will use and cite throughout your...
Words: 773 - Pages: 4
...Name Professor Course Date Isaac Newton the Last Magician Biography This is a one hour movie documentary narrated by Helen McCrory trying to give an insight to the life of Isaac newton and how he changed our understanding about how the universe works. The documentary asks question to experts of the history surrounding Isaac newton. In the documentary Isaac newton is brought out as a pessimist as he would enjoy his own company, his life revolved around research and a lot of studying in the laboratory in religious activities like heretical, alchemy and also the study if the hidden. Newton did not believe anything that he read, this was evident when he was the age of twenty one by declining to agree with scientific research which was more than two millennia old and decided to come up with his own through conclusion and to do this he had to perform a number of experiments. We get the notion that he was a skeptic and anything could be questioned of its legitimacy. Newton had a secretive life that came to light two hundred years after his death, this was his passion for cultic behavior where he considered himself a scientific Christ who was sent to save the world from scientific fiction, this is ironic as he was also born on Christmas morning just like Jesus the messiah in the bible. He is called the last magician because after his death there has not been any other iconic person like he was that has made a fraction of the changes in science that he did. His discoveries...
Words: 353 - Pages: 2
...Kruyper (trained mathematician). While attending his last years of High School in Rotterdam Netherland Edsger Dijkstra knew what he wanted to do in life. He wanted to represent his country at the United Nations. Even though he was still in high school, he formulated a plan to achieve this goal of representing the Netherlands in the United Nations. He decided to get a law degree. After receiving the maximum highest points possible in the following areas: mathematics, chemistry, biology and physics on his final examine. Everyone starting with his loving and supportive parents to his very motivational teachers convinced Edsger that a career in the field of science would be an outstanding career move for him. So, Edsger Dijkstra headed on to the University of Leyden. There at the University of Leyden Edsger Dijkstra decided that he would major in Theoretical Physics. To develop a good, strong and firm foundation in Theoretical Physics Dijkstra began his studies in mathematics and physics. Douwe Wybe Dijkstra being the loving and supportive father that Edsger needed him to be, was always searching for great opportunities to encourage his son in the field of study that he had chosen. Well, as the story has it, Douwe, (Edsger father) was reading a paper and just happened to come a cross an advertisement for a computer programming course that would be held at Cambridge University in England. The computer programming course was three weeks long. The three week course was to start...
Words: 1027 - Pages: 5
...German-born American theoretical physicist, Albert Einstein, often regarded as the father of modern physics, had exceptional intellectual ability and unprecedented insight. Many believed him to be one of the most influential people in both science and mathematics, and quite possibly the most famous scientist of the 20th century (Severance, 1999). As cited by Fingon and Fingon, Einstein was well known for being a brilliant physicist and abstract thinker, applying his creativity and imagination in his scientific thought process (Parker, 2003). He received the 1921 Nobel Prize for his contribution to the study of physics, namely his special (1905) and general (1916) theories of relativity. The name “Einstein” is often thought of as being synonymous with the word genius. Einstein was not always thought of as a genius, however. His unique intellectual abilities as a young boy created challenges for him in his everyday home and school life, but his sense of wonder paired with persistence and determination led him to be the successful prodigy people know him as today. Abraham Maslow’s humanistic approach of self-actualization provides significant explanation for Einstein’s behaviors and achievements throughout his life. Heredity and environment played vital roles in Einstein’s psychological development. Einstein’s parents and teachers observed his early childhood developmental delays and had doubts regarding his intelligence. His parents worried about his intellectual development...
Words: 1251 - Pages: 6
...Albert Einstein is regarded as the father of modern physics. He was born on march 14 1879 Ulm, in the Kingdom of Wurttemberg in the German Empire. In his early life he studied calculus and philosophy and discovered different formulas which basically changed this world. He was basically German born theoretical physicist who developed the general theory of relativity. As a result of this achievement he is regarded as the father of modern physics and the most influential physicist of the 20th century. Albert Einstein in fact changed the scientific world with his achievement when he gave the idea of E=mc2. In this formula that clearly described that the energy and mass (the ability to do work and the stuff to do work with) were absolutely the same thing. When Newton said that time and space are absolute which means that time flowed in a constant manner. Time is independent of location and remain same for everyone. This idea of Newton was remained unchallenged until Einstein came along. He decided to do experimentation with that and then he theorized that time and space were relative, and in this way he proved that Newton was wrong. With his theory of relativity,Einstein tore apart the idea of time as a constant. I would like to mention there that Einstein published more than 300 scientific papers along with this 150 non-scientific works. He was so intelligent that he made the word "Einstein" synonymous with genius. At the end I would like to mention that Albert Einstein, once...
Words: 315 - Pages: 2
...Differences between sisters There are many differences between my sister and me that you could never imagine. We are just so different that if we did not have the same blood, I would think that we were not sisters. We are the total opposite of each other. We are not just different physically; we are also different in personality. We think differently. We have different types of hobbies. We enjoy different things. In other words, we are just two different types of person that apparently do not have anything in common. My sister name is Aracely. She is younger than me by four years. She is white and tall. She is the kind of person that is always in a bad mood. She gets mad really fast and sometimes for nothing. It is lie she is happy being mad. I don’t know why she is like that; to me she is just weird. My sister is the girl that always wants to be alone. She doesn’t care for going out or making plans for the weekend with her friends. She prefers to be in our room alone without being bothered. I am the opposite from her. I am older than her but I actually look younger than her. Physically I’m morena, and short. I am the kind of person that is always happy and laughing about everything. I do not like to be alone; I am not used to it. I’m the kind of person that always wants to go out on the weekends; I’m always making plans for going out, I just can’t survive being at my house a whole weekend without going out. My sister has a lot of different interests. She is the person that...
Words: 680 - Pages: 3
...The Metaphor Revolution PHL/251 The Metaphor Revolution What is a metaphor? “A metaphor is a figure of speech in which a term or phrase is applied to something to which it is not literally applicable in order to suggest a resemblance.” http://dictionary.reference.com/browse/metaphor A brief history of metaphor go “from Aristotle through speech act theories, metaphor had been viewed as a secondary type of language.” (Black, 1955) “Modern European languages have a large number of metaphors which represent the whole of nature. Many of these, such as Mother Nature, the celestial harmony, the great chain of being, and the book of nature, are used in natural science and in literature. Most of these words can be traced back into prehistory where they arose mythologically from the same small set of images. Metaphors have a powerful influence on the framing of scientific hypothesis making, and so these words have guided the history of natural science, for good or ill, for several millennia. Newtonian mechanics, for example was motivated by the idea of celestial harmony, whereas Darwin used the images of the great chain of being and Mother Nature, and James Hutton created modern geology and ecology by mixing the images of nature as the macrocosm, and as a machine.” (Norwick, 2006) Group A critiqued each others metaphors written in Week 2. We started processing each ones metaphors and their significance and came up with the following. Connie reviewed Rachel’s metaphors...
Words: 386 - Pages: 2
...civilizations such as the Babylonians, Greeks, Chinese, Indians, Iranians and Maya performed methodical observations of the night sky. However, the invention of the telescope was required before astronomy was able to develop into a modern science. Historically, astronomy has included disciplines as diverse as astrometry, celestial navigation, observational astronomy, and the making of calendars, but professional astronomy is nowadays often considered to be synonymous with astrophysics.[2]During the 20th century, the field of professional astronomy split into observational and theoretical branches. Observational astronomy is focused on acquiring data from observations of astronomical objects, which is then analyzed using basic principles of physics. Theoretical astronomy is oriented toward the development of computer or analytical models to describe astronomical objects and phenomena. The two fields complement each other, with theoretical astronomy seeking to explain the observational results and observations being used to confirm theoretical results.Amateur astronomers have contributed to many important astronomical discoveries, and astronomy is one of the few sciences where amateurs can still play an active role, especially in the discovery and observation of transient...
Words: 577 - Pages: 3
