himanshujoshi3738

himanshujoshi3738

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Himanshu JoshiCastleton University

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Answer: Step-by-step explanation:Culver City Lighting, Inc. Classified Balance...

USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (6)QUESTIONS:
The following is a December 31, 2016, post-closing trial balancefor Excell Company:

Account Title Debits Credits
Cash $ 83,000
Accounts Receivable (net of Allowance) $280,000
Prepaid Expenses $ 32,000
Investments $ 65,000
Land $175,000
Buildings (net) $160,000
Equipment (net) $145,000
Accounts payable $ 73,000
Accrued expenses payable $ 45,000
Unearned Revenue $150,000
Notes payable $300,000
Common Stock $200,000
Retained Earnings $172,000
TOTALS $940,000 $940,000



Additional Information:

1. The cash account includes $22,000 set aside in a legallyrestricted fund to pay bonds payable that mature in 2024, a $15,000cash surrender value of a life insurance policy on the company'sCEO, and $2,000 in petty cash.

2. The accounts receivable balance consists of the following:
a. Amounts owed by customerswith debit balances $ 227,600
b. Customer accounts withcredit balances 10,500
c. Allowance for uncollectibleaccounts - trade customers (9,400)
d. Non-trade note receivabledue in three equal payments on June 25 over the next 3 years64,500
e. Interest receivable on notedue in nine months 7,800
Total $ 280,000

3. The prepaid expenses includes $18,000 that will be consumedduring 2017 and $14,000 that will be consumed during 2018.

4. The investments account is classified as Available for SaleSecurities and includes an investment of $25,000 in bonds thatmature July 1, 2017. Of the remaining investments balance,management intends to hold for at least the next three years. Allinvestments in the portfolio have already been marked-to-market andare reported at Fair Value.

5. The land account includes land which cost $75,000 that thecompany purchased for speculative purposes and is currently heldfor sale. The remaining $100,000 is the cost of land on which thecompany's office building resides. The equipment account includesidle machinery with a book value of $45,000.

6. The unearned revenue represents customer prepayments formagazine subscriptions. Subscriptions are for five years and willbe earned evenly over each of the years beginning January 1,2017.

7. The notes payable account consists of the following:
a. a$50,000 note due in six months.
b. a$100,000 bond due in eight years.
c. a$150,000 note due in six annual installments of $25,000 each, withthe next installment due Nov. 1, 2017.
*Intereston all notes has been properly accrued and is included in accruedexpenses.

Required: After all corrections have beenmade, determine the correct amount of CurrentAssets:

Answer: Step-by-step explanation:To determine the correct amount of Current As...
Answer: Step-by-step explanation:Demographics and population shifts have a sig...

Answer the following questions

Influencing U.S. Democracy: Enlightenment Thinkers

Activity: Working with a partner, you will be tasked with gathering information about one of 4 Enlightenment Thinkers and the ideas they contributed to the development of American government. Then, taking on the persona of your assigned philosopher, you will draft a speech to be made to the class in which you convey that philosopher’s ideas and beliefs. Use this sheet to document your cooperative efforts.

Assigned Enlightenment Thinker:

Part I: Gathering Information—use your textbook and given handouts to answer the questions below.

Background Information:

1. Where was the philosopher born?

2. What was his upbringing?

3. What was his job?

4. Where did he study?

5. What book(s) did he write?

Philosophical Ideas:

6. What influences contributed to this thinker’s ideas?

7. Did this philosopher believe people could govern themselves?

8.Is humankind good or bad (according to him)?

Beliefs in Government:

9. What did this thinker believe is the best form of government?

10. Did this thinker contribute any new political ideas?

Part II: Compose a Speech—compose a 2 minute speech introducing your philosopher. Your speech should:

____ Include a brief biography

____ Cover the thinker’s philosophy on Government/basic beliefs

____ Be presented in a clear and concise fashion

OR

Write a Letter - write a letter, taking on the persona of your philosopher, to Thomas Jefferson in which you:

____ Include a brief biography

____ Provide advice on how American government should be structured

Part III: Closure—Typing your response below, respond to the following essay prompt as a pair to reflect on the contributions of all 4 philosophers to the development of American government:

The U.S. Constitution was influenced by the ideas of Enlightenment Thinkers such as Locke, Rousseau, Hobbes, and Montesquieu. Select two philosophers. Describe and compare the ideas they contributed to the development of American democracy.

Answer: Step-by-step explanation: asigned Enlightenment Thinker: John Locke Pa...
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