shb59na

You prepare serial dilutions by adding 10 grams of meat to the first water blank containing 90ml of sterile water. The sample is shaken to mix the contents and 1ml is then taken and added to the second test tube containing 99ml of sterile water. This process is repeated until you have four samples in total. Samples are then taken as per the diagram and added to TSA plates.

The following colony counts are observed:

Question 1 options:

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What is the dilution of Plate B2?

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How is the count of D1 expressed?

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What is the dilution of Plate C1?

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What is the bacteria count of the Sample of meat (cfu/g)?

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What is the dilution of Blank A?

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Which is the countable plate?

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What is the dilution of the countable plate?

Lab five q one two three four five

Discuss your investigation about reducing the effect of acidity on seed germination with your classmates. 

1. Describe your design solution and how you conducted your experiment.

2. Was your solution successful? Explain by citing evidence from your experiment. 

3. How could you refine your solution to make it better?

4. How does your design solution compare to the designs of other students?

A review of the statement of financial position of Matvei Company revealed the following changes in the account balances:

Required:

1.  For each of the above items, indicate whether it produces a cash inflow or a cash outflow.

2.  Classify each change as a cash flow from operating activities (indirect method), a cash flow from investing activities, or a cash flow from financing activities.

In Austin (TX). there is a taco food truck called Eddy's Tacos. Their business parlor is usually quite busy, with a queue down the block. If there are customers still in the queue at closing time, they must be turned away.
In this example, let's say around 1,576 people visit this establishment per day to try out these tasty tacos. They are open are at 10AM and close at 4PM.
We will assume that the customers enter at an equal rate for each hour they are open. They have the ability to serve around 225 customers per hour.

How long does a customer arriving at 1:30 PM wait to be served? Answer should be expressed in minutes, and you should round to the whole minute if needed.

A biotic factor is a living element found within an ecosystem,while an abiotic factor is a nonliving element found within anecosystem. Choose a biome and ecosystem and provide an example of abiotic and abiotic factor found within your biome/ecosystem.Explain the importance of these factors to your specificbiome/ecosystem.

You now know what an ecosystem is—and how varied ecosystems can be. Pick an ecosystem near you—find one that it as large or small as you wish. All areas—urban, suburban, and rural—have many ecosystems to choose from.

 Write a description of the ecosystem, including biotic and abiotic factors, in NO MORE THAN FOUR SENTENCES.

I have these questions, I wanna the correct answers withexplaination FOR ALL Q , please:

A- $ 0.

B- $547,200.

C- $447,200.

D- $597,200.

2-

Johnson sells $112,000 of product to Robbins, and also purchases$12,400 of advertising services from Robbins. The advertisingservices have a fair value of $9,200. Johnson should record revenueon its sale of product to Robbins of:

A- $108,800

B- $112,000

C- $102,800

D- $99,600

3-

Arizona Desert Homes (ADH) constructed a new subdivision during2015 and 2016 under contract with Cactus Development Co. Relevantdata are summarized below:

A- The contract asset, contract amount in excess of billings, of$1,297,500

B- The contract asset, cost and profits in excess of billings,of $477,500

C- The contract liability, billings in excess of cost, of$187,500

D- The contract asset, deferred profit, of $310,000

4-

Gupta Industries received a $290,000 prepayment from PackardAssociates for the sale of new equipment. Gupta will bill Packardan additional $111,000 upon delivery of the equipment. Upon receiptof the $290,000 prepayment, how much should Gupta recognize for acontract asset, a contract liability, and accounts receivable?

rev: 08_24_2015_QC_CS-15471

A- Contract asset: $0; contract liability: $290,000, accountsreceivable, $0.

B- Contract asset: $0; contract liability: $290,000, accountsreceivable, $111,000.

C- Contract asset: $290,000; contract liability: $0, accountsreceivable, $0.

D- Contract asset: $290,000; contract liability: $0, accountsreceivable, $111,000.

5-

Maas LLP developed software that helps farmers to plow theirfields in a manner that prevents erosion and maximizes theeffectiveness of irrigation. Sunny Dale paid a licensing fee of$17,000 for a copy of the software. Although Sunny Dale can use thesoftware as long as it wants, Maas expects that Sunny Dale will usethe software for approximately 5 years. Maas does not anticipateany further interaction with Sunny Dale following transfer of thelicense. How much revenue should Maas recognize in the first yearof the contract?

A- $3,400

B- $4,250

C- $17,000

D- $0

6-

A- 15.0.

B- 18.0.

C- 17.5.

D- 18.5.

7-

Reliable Enterprises sells distressed merchandise on extendedcredit terms. Collections on these sales are not reasonablyassured, and bad debt losses cannot be reasonably predicted. It isunlikely that repossessed merchandise is in condition to bere-sold. Therefore, Reliable uses the cost recovery method.Merchandise costing $30,500 was sold for $57,250 in 2015.Collections on this sale were $21,800 in 2015, $15,300 in 2016, and$20,150 in 2017.

In 2017, Reliable would recognize gross profit of:

A- $20,150.

B- $ 0.

C- $ 6,000.

D- $ 9,000.

8-

Reliable Enterprises sells distressed merchandise on extendedcredit terms. Collections on these sales are not reasonablyassured, and bad debt losses cannot be reasonably predicted. It isunlikely that repossessed merchandise is in condition to bere-sold. Therefore, Reliable uses the cost recovery method.Merchandise costing $31,750 was sold for $58,500 in 2015.Collections on this sale were $20,600 in 2015, $14,800 in 2016, and$23,100 in 2017.

In 2015, Reliable would recognize gross profit of:

A- $ 0.

B- $8,917.

C- $ 8,254.

D- $26,750

9-

A- 26%.

B- 29%.

C- 16%.

D- 7%.

10-

Lake Power Sports sells jet skis and other powered recreationalequipment. Customers pay one-third of the sales price of a jet skiwhen they initially purchase the ski, and then pay anotherone-third each year for the next two years. Because Lake has littleinformation about the ability to collect these receivables, it usesthe installment sales method for revenuerecognition. In 2015, Lake began operations and sold jet skis witha total price of $1,170,000 that cost Lake $585,000. Lake collected$390,000 in 2015, $390,000 in 2016, and $390,000 in 2017 associatedwith those sales. In 2016, Lake sold jet skis with a total price of$1,530,000 that cost Lake $918,000. Lake collected $510,000 in2016, $405,000 in 2017, and $405,000 in 2018 associated with thosesales. In 2018, Lake also repossessed $210,000 of jet skis thatwere sold in 2016. Those jet skis had a fair value of $78,750 atthe time they were repossessed.

In 2015, Lake would recognize realized gross profit of:

A- $585,000.

B- $ 0.

C- $390,000.

D- $195,000.

Match the correct theoretical approaches with the sentences

Word bank: Feminist theory , symbolic interactionism, systems theory, structural theory , social exchange theory

1. All members are impacted when something happens to one

2. Subjective meanings shape how people see themselves in the family

3. Cost benefit analysis is done to make family chives

4. The family is a social institution that performs essential functions for society

What country(ies) do you think is(are) presently attractive for U.S. corporations seeking foreign direct investment opportunities? Take into account any geopolitical/economic/currency risks you are aware of.

did sailors go 'on the account' or become pirates because Economic opportunities, Discontent with working conditions, Desire for adventure and Political motivations??

Select one of the families from the film parenthood, identify one challenge they experienced in their family and select one theory and explain why in short sentences

In this lab, you will be writing a program that reads in temperatures from a file and performs a few calculations on those temperatures. The following two files contain a list of daily temperatures for an entire season.

1. Create a new class file called Lab10.

2. This lab is all about designing methods. Once complete, your program should have six methods not including main. Please be sure to name your methods as specified. All calculations should be done inside these small methods you design. Each method will have an oversize array and its corresponding length as input parameters. Your main method should ask the user for a filename, call the methods described below and print the answers returned by the methods.

3. Within your main method, ask the user for the name of an input file. Use the above files for testing. Expect the user to type in the full name and file extension.

4. Each of these steps should be its own method that gets called in main:

1) Read in the temperatures from a file (method name: readInTemps): Think about how you will store this data. Look at the two files I provided. Notice I do not tell you how many temperatures are in each file. This affects how you read in the file and how you store the data. How big will your array need to be? The program should handle reading in a file of any length. (Hint: You will need to use a version of a new method in the Scanner class called hasNext. There are quite a few variations such as hasNextLine(), hasNextDouble(). See the Java API for Scanner (Links to an external site.) as reference.) This method is in charge of opening and connecting to the file given the filename passed as input. The method signature should be:

int readInTemps(String filename, double[] temps, int tempSize)

2) Convert the temperatures from celsius to fahrenheit (method name: convertTemps): The temperatures in the file are in celsius. (Hint: In Lab 2 we converted temperatures from fahrenheit to celsius.) The method signature should be:

void convertTemps(double[] temps, int tempSize)

3) Print the highest temperature (method name: findHighest): What information would a method need to perform this calculation? What would it return? The method signature should be:

double findHighest(double[] temps, int tempSize)

4) Print the lowest temperature (method name: findLowest): Again, think about the necessary method input and output. The method signature should be:

double findLowest(double[] temps, int tempSize)

5) Print the average temperature (method name: calcAverage): How do you calculate an average? The method signature should be:

double calcAverage(double[] temps, int tempSize)

6) Print the number of days when the temperature was below freezing (method name: countLowerThan):When writing this method, think about how to make it generic. This method should count the number of days in the array that are below a certain temperature. (Hint: this temperature should be an input parameter in addition to the oversize array and length input parameters.) The method signature should be:

int countLowerThan(double[] temps, int tempSize, double temp)

7) Print the number of days when the temperature was between freezing and 65 degrees fahrenheit: This part does not need to be a separate method. Main should use the method you wrote for part 6 to calculate the answer. If you know how many days are below freezing and you know how many days are below 65, how do these two numbers help you find how many temperatures are between freezing and 65? (Hint: remember you can call the same method with different input values within main.)

5. Please format your print statements clearly and nicely. The program should label the information you print. For example:

Highest temperature: 80.6
Lowest temperature: 57.2

The following two files contain a list of daily temperatures for an entire season.   

summer.txt=

25.592824074074073
26.956018518518515
26.790509259259263
27.314583333333335
24.19351851851852
21.67291666666667
21.409490740740736
20.253240740740736
24.038888888888884
26.58587962962963
27.69259259259259
27.128009259259258
26.97222222222222
26.34375
24.557870370370367
24.781018518518522
26.326620370370364
25.935185185185187
23.791203703703722
25.787962962962965
27.34375
28.37569444444445
29.201388888888882
27.649768518518524
26.76990740740741
25.970601851851864
26.37361111111111
26.978935185185193
27.705324074074067
28.811805555555573
28.909953703703692
27.534259259259265
26.48379629629629
27.489351851851847
24.201851851851846
23.731712962962963
25.197222222222226
23.93333333333333
21.674999999999997
21.441435185185178
22.66898148148148
24.65694444444445
25.35115740740742
25.72430555555555
26.36921296296296
24.12314814814815
21.80740740740741
22.41805555555556
22.17777777777778
21.707638888888884
21.940972222222225
23.272222222222222
24.597916666666663
23.464814814814815
22.34351851851853
24.082638888888887
25.307638888888885
26.70347222222223
27.433333333333337
26.909259259259258
24.623379629629635
25.396759259259262
27.651851851851845
24.596064814814813
22.33796296296296
21.00625
20.81782407407408
20.155092592592595
19.554166666666667
18.436805555555555
20.18680555555556
22.968981481481492
17.89236111111111
15.594907407407407
19.9335648148148
21.04421296296297
23.655787037037037
17.979398148148146
17.418055555555554
17.114120370370372
16.631944444444443
15.469444444444443
16.151157407407414
19.842361111111114
21.78958333333334
22.321759259259263
21.81365740740741
22.55555555555556
22.101157407407406
21.85231481481481
22.529398148148143
23.144907407407416
22.488194444444446.

winter.txt=

1.5229166666666671
6.7456018518518555
13.31018518518519
5.0118055555555525
1.914814814814814
-0.20092592592592476
-1.7344907407407402
-7.542129629629629
-4.152314814814819
-3.4662037037037035
-6.850462962962963
-8.752314814814815
-9.324768518518518
-6.467592592592592
-4.555092592592593
-8.716666666666667
-11.070138888888886
-10.59375
-1.2532407407407378
2.378240740740737
1.4893518518518514
9.653009259259257
17.93055555555555
3.3456018518518524
-5.835879629629629
-4.8939814814814815
-0.08912037037037418
-2.7490740740740747
-2.43171296296296
1.7194444444444439
5.064351851851849
8.026388888888883
13.507870370370373
14.248611111111112
4.885416666666672
1.8157407407407433
1.2356481481481454
8.762731481481483
11.04050925925926
5.981481481481477
-0.26828703703703777
-1.146296296296296
7.978240740740748
-0.38819444444444073
-3.9379629629629656
0.5648148148148103
0.49282407407407586
0.4444444444444468
1.6571759259259307
-0.01944444444444255
1.9020833333333325
6.298379629629633
15.704861111111114
9.025000000000002
2.063888888888891
6.747453703703705
16.75069444444445
14.833564814814824
2.83078703703704
5.352083333333333
6.143518518518521
17.183333333333337
20.861574074074074
12.884722222222216
7.065046296296293
11.419212962962964
10.863888888888889
8.972453703703703
6.562268518518523
10.345138888888894
10.614120370370365
7.507870370370379
5.897916666666659
5.736574074074079
3.293981481481482
2.0884259259259252
5.28865740740741
2.6826388888888886
2.8101851851851833
1.4953703703703722
2.016666666666668
2.4951388888888855
3.8099537037037083
1.925925925925923
5.03310185185185
3.1537037037037052
1.9877314814814855
7.372222222222216
5.483101851851851

14-12 BREAKEVEN AND LEVERAGE Wingler Communications Corporation (WCC) produces premium stereo headphones that scll for $28 80 per set, and this year's sales are expected to be 450,000 units Variable production costs for the expected sales under present produc- tion methods are estimated al $10,200,000, and fixed production (operating) costs at present are $1,560,000. WCC has $4,800,000 of debt outstanding at an interest rate of S There are 240,000 shares of common stock outstanding, and there is no preferred stock. The dividend payout ratio is 70%, and WCC is in the 40% federal-plus-state tax bracket. The company is considering investing 57.200,000 in new equipment. Sales would not increase, but vanable costs per unit would declime by 20 Also, fixed operating csts would increase from $1.560,000 to $1800,000. WCC could raise the required capital by borrowing $7,200,000 at 10%, or by selling 240,000 additional shares of common sock at S30 per share

Write a multi-threaded program in java to create a chat server that can facilitate chatting with multiple clients. When client writes “OUT” or “out”, the server returns “Bye” message as shown below and connection terminates. You can connect with server from multiple clients and each client shows a chat window . Note: Use suitable font and colors as per your choice. you may create separate frames for each client [or a separate area on a frame] on server side to show the chat window for clients.

Who wrote 'The Lamb' and 'The Tyger'? 

Find out the reasons for using hash functions in generating Message Authentication 
code (MACs). How the 1024 bit message distributed among 80 rounds (64 bits each 
round). (Show it with an example for W17)

Describe the changes experienced by men since the women's movement

Case Study
The top two former officers of CUC International Inc. were accused of directing a massive financial fraud while selling millions of dollars worth of the company's common stock. For the period 1995-1997 alone, pre-tax operating income reported to the public by CUC was inflated by an aggregate amount of over $500 million.
CUC merged with HFS Incorporated on December 17, 1997, to form Cendant Corporation. Upon disclosure of the fraud, the price of Cendant common stock plummeted, causing billions of dollars in losses for investors.
CUC's chairman and chief executive officer directed the fraud from its beginnings in 1985. From at least 1991 on, CUC's president and chief operating officer, joined the chairman in directing the scheme. The following are some of the ways it was done:

1. Personally reviewing and managing schedules listing fraudulent adjustments to be made to CUC's quarterly and annual financial statements. CUC senior management used the adjustments to artificially pump up income and earnings, defrauding investors by creating the illusion of a company that had ever-increasing earnings and making millions for themselves along the way.

2. Undertaking a program of mergers and acquisitions on behalf of CUC in order to generate inflated merger and purchase reserves at CUC. Forbes and Shelton sought out one merger partner (HFS) because they believed the reserves that would be created would be big enough to bury the fraud. To entice the HFS management into the merger, they artificially increased CUC's current-year earnings as well as future earnings projections. Soon after the merger, they explicitly congratulated each other on being masterful "financial engineers" who had been able to nurture the fraud through the years and who had assured their continued success by duping HFS into agree- ing to a merger with CUC

3. Profiting from their own wrongdoing. They sold CUC and Cendant securities at inflated prices while the fraud they directed was underway and undisclosed. These sales brought executives millions of dollars in ill-gotten gains.
The SEC found that Cendant violated many provisions of federal securities laws. In addition to the final judgment against the officers, a class action suit was settled for $2.85 billion, the largest case ever to that date. In addition, the auditor, Ernst & Young, paid Cendant almost $300 million.

Case Study Questions
1. Do you believe that income smoothing is an ethical practice? Are there times when it might be considered ethical and others when it might not be?
2. Income smoothing is just shifting income from one year to another. What is wrong with that?
3. Analyze the management actions from the perspective of these Fraud Triangle.
4. Even though they paid a fine, do you think the auditors met their ethical obligations? Why or why not?

Italiano is a popular restaurant in the Vile Parle area of Mumbai. The lockdown and subsequent Covid restrictions force the restaurant to shut shop. The owner Mr Ranjeet Sharma is also the main chef of the restaurant decided to start operations from home and use the apps of Zomato and Swiggy to run the place as a cloud kitchen. The business not only survived but became a profitable venture. The recent lifting of restrictions as put Mr Sharma in a quandary, should he now re- rent restaurant space at a very expensive rental value or should he continue to run it as a cloud kitchen. He has approached you, a marketing consultant for advice on devising a plan of action. What would you advise? Create a plan of action for the business. Create a communication plan. Create a consumer outreach plan.

Two random samples of sizes 8 and 10 are drawn from two normally distributed populations having variances 20 and 36, respectively. Find the probability that the variance of one sample is more than twice the variance of other sample.

The partners of AhBa Partnership wish to convert the partnership into a limited liability company. On 1 January 20X9, AhBa Sdn. Bhd. was incorporated with authorised capital of 600,000 ordinary shares of RM1 each to purchase all the assets (except cash), and liabilities of AhBa Partnership on 1 January 20X9. AhBa Sdn. Bhd. was to discharge the purchase price by issuing 400,000 ordinary shares.

The following is the Statement of Financial Position of AhBa Partnership as at 1 January 20X9:

                                                                      RM                        RM        Land and Building                                                                    200,000          Plant and Machinery                                                                100,000          Inventories                                                                                 30,000          Trade Receivables                                                                       40,000          Bank                                                                                             4,000

                                                                                                  374,000 Capital:

Ahmad                                                       200,000                                        Baba                                                          150,000                   350,000        Trade Payables                                                                            24,000     

                                                                                                  374,000   

The following are the fair values of the assets taken over:

                                                                                             RM              Land and Building                                                              220,000         Plant and Machinery                                                         110,000 Inventories                                                                           25,000        Trade Receivables                                                                 30,000

The partners share profits and losses equally. Ahmad agreed to accept any cash remaining as part settlement of the amount due to him on liquidation of the firm. You are required to calculate the goodwill.

On the 15th of December 2020, Great Moments (Pty) (Ltd) is planning its working capital
management for January 2021. Beginning January 2021, the predicted financial information is as
follows:
Item Value (R)
Inventory 4 550 000
Trade receivables 4 083 500
Trade payables 1 867 000
Overdraft 2 402 500
For 2020, the company expects to generate sales revenue worth R3.5-million. It sells all its
products on credit. The following are the monthly sales figures for the remaining months of the year,
and January 2021:
Month Sales Value (R)
November 2020 (actual) 2 708 750
December 2020 (predicted) 3 000 000
January 2021 (predicted) 3 500 000
Great Moments (Pty) (Ltd) provides you with the following information also:
• 40% profit margin policy;
• Offers 30 days credit and uses a 365-day year;
• 60% of its customers settle in the month after purchase;
• Remaining customers take an additional month of credit;
• Inventory is expected to increase by R522,500 during the month of January 2021;
• Plans to settle 70% of its trade payables in the month of January 2021 and the balance at the
end of February 2021;
• All the company’s suppliers require settlement within 30 days;
• Purchases on credit in the month of January 2021 are forecast as R2,500,000;
• Interest on overdraft worth R700,000 is due in January 2021;
• The finance manager forecast that January’s operating cash outflows to amount to
R1,465,000; and
• The finance manager informs you that Great Moments (Pty) (Ltd) has no cash and depends
on a bank overdraft. The overdraft is used to finance daily operations. The company has no
plans to raise long-term funds in the month of January 2021. 
BBA2_FIN II_ASG_2021 © Regenesys Business School 5
You are required to:
a. Calculate:
i. Great Moments (Pty) Ltd’s cash operating cycle at the beginning of January 2021.
Round off days to nearest day. (6 marks)
ii. Forecast overdraft required at the end of January 2021. (18 marks)
iii. Great Moments (Pty) Ltd’s current ratios at the beginning and end of January 2021. (6
marks)
b. Appraise and recommend five ways or strategies to manage trade receivables you would
provide to the Great Moments (Pty) Ltd’s finance manager. (10 marks)

1. There are 49 dogs signed up for a dog show. There are 36 more small dogs than large dogs. How many small dogs have signed up to compete? 

The petty cash fund of the Brooks Agency is established at $280.At the end of the current period, the fund contained $198 and hadthe following receipts: film rentals, $21, refreshments formeetings, $29 (both expenditures to be classified as EntertainmentExpense); postage, $24; and printing, $8.

Prepare journal entries to record (a) establishment of the fundand (b) reimbursement of the fund at the end of the currentperiod.

The assets and liabilities of the Seashore Swimming Club as at 1st June 2007 
were: Balance at bank Sh. 580. Equipment Sh. 290. Sundry expenses owing Sh. 
15 Stock of Refreshments Sh. 20. Rent prepaid Sh. 40. Accumulated fund 
Sh.915.
The following is a summary of the Receipts and Payments of the club for the year 
ended 31st May 2008.
Receipts Sh. Payments Sh.
Opening balance 1st June 07 580 Expenses of Dance 529
Annual Dance 917 Rent of Clubroom 540
Subscriptions 624 Purchase of Equipment 250
Locker Rents 248 Prizes of Competitions 95
Sales of Refreshments 268 Sundry Expenses 110
Competition Fees 142 Purchases of Refreshments 160
Sale of Swimming Permits 60 License Fees to Council 90
The following information is also available:
a) Stock of Refreshments at 31st May 2008 was Sh. 10
b) Rent of Clubroom prepaid 31st May 2008 was Sh. 50
c) Sundry Expenses owing 31st May 2008 was Sh. 10

REQUIRED:
a) Calculate the club's bank balance as at 31st May 2008; and
b) Prepare an Income and Expenditure account for the year ended 31st May 2008 
showing clearly the profits/loss on the dance and the sale of refreshments 
and a Balance Sheet as at that date

Aquarius Ltd’s draft financial statements for the year ended 31 December 20X9 show 
a profit before tax of R170,000. At 31 December 20X9 there are cumulative taxable 
temporary differences of R50,000, i.e. the carrying value of the net assets is higher 
than the tax base by this amount. Current tax for the year at 30% has been estimated 
at R33,000.
For the year ended 31 December 20X8 the financial statements had a profit before tax 
of R145,000. At 31 December 20X8 the cumulative taxable temporary differences 
were R40,000 and current tax for the year at 30% was R30,000.
Required:
For the years ended 31 December 20X8 and 31 December 20X9:
(a) Prepare the journal entry to record deferred tax for the years ended 31 
December 20X8 and 20X9 (5)
(b) Prepare extracts from the statement of profit or loss for the year ended 31 
December 20X9 and the statement of financial position at 31 December 20X9, 
both with comparatives, showing how the current and deferred tax would be 
reflected. 

(A n B)' = A' U B'

A n (B u C) = (A n B ) u (A n C)

Give an argument to convince a skeptical but reasonable jury that the above laws (above) are true. Since the jury is skeptical, it's not enough to say, for example, "they're true because I say so", or, "I tried them out with these particular sets A and B that I'm bringing into evidence and it worked fine", because the jury will suspect that the result could be different for other choices of A and B. So your argument has to be rational and general. We're looking for "proof beyond a shadow of a doubt" here. On the other hand, the jury is reasonable, so once there is no way for your argument to fail, they will accept it. Hint: you wish to show in each case that two sets C and D are the same; thus, you must show that C and D have the same elements. To do this, first show that every element of C is also an element of D. Then show that every element of D is also an element of C.

1. The financial year of the OK Trading Company ended on 30th November 2017. 
   You have been asked to prepare a Total Debtors Account and a Total Creditors 
   Account in order to produce end-of-year figures for Debtors and Creditors for 
   the draft final accounts.
   You are able to obtain the following information for the financial year from the 
   books of original entry:
   Sh.
   Sales (all on credit) 268,187
   Purchases (all on credit) 496,000
   Receipts from customers 255,680
   Payment to suppliers 489,000
   Discounts allowed 5,520
   Balance in the sales ledger set off against balance
   In the purchase ledger 70
   Bad debts written off 780
   Increase in the provision for bad debts 90
   Credit notes issued to credit customers 4,140
   Credit notes received from credit suppliers 1,480
   According to the audited financial statement for the previous year debtors and 
   creditors as at 1st November 2016 were Sh. 26,555 and Sh. 43,450 respectively.
   REQUIRED:
   Draw up the relevant Total Accounts entering end-of-year totals for debtors and 
   creditors.
   
   

Answer the following about the theory of Ricardian Equivalence

a) What is the content of the theory?

b) Use a two-period model to deduce the theory.

c) Does the theory fit reality? Explain well.