A SCUBA diver has been deep underwater and suddenly rises to…

Written by Anonymous on March 25, 2025 in Uncategorized with no comments.

A SCUBA diver has been deep underwater and suddenly rises to the surface too fast.  Why does the diver get decompression sickness?

While playing a sport, Joe falls and breaks a rib.  He can f…

Written by Anonymous on March 25, 2025 in Uncategorized with no comments.

While playing a sport, Joe falls and breaks a rib.  He can feel a piece of the rib sticking through the skin and is having a difficult time breathing.  Joe is probably suffering from _

Tina is singing a song.  At a certain point in the song she…

Written by Anonymous on March 25, 2025 in Uncategorized with no comments.

Tina is singing a song.  At a certain point in the song she forces large volume of air out of the glottis and at the same time increases the tension on her vocal cords.  The sound she produces is _

Which salivary gland produces a serous secretion containing…

Written by Anonymous on March 25, 2025 in Uncategorized with no comments.

Which salivary gland produces a serous secretion containing large amounts of salivary amylase? 

For the year 20X1, Trinity Ltd., a company based in Barrie,…

Written by Anonymous on March 25, 2025 in Uncategorized with no comments.

For the year 20X1, Trinity Ltd., a company based in Barrie, had  net income of $4,000,000 and there were no discontinued operations. During 20X1, the company had two classes of shares outstanding:  Class A preferred shares:  1,200 shares issued and outstanding at the beginning of the year; quarterly dividend rate of $100 per share; cumulative; each share is convertible into 50 shares of Class B common. Class B common shares: 150,000 shares issued and outstanding at the beginning of the year. Also note the following: 700 shares of Class A were converted into Class B shares on April 1 20X1; dividends for the first quarter of the year were paid on March 31 20X1. Options to issue 8,000 common shares to senior management personnel for $4 per share were outstanding during the entire year. The average share price during the year was $12. Required: (a) Determine the weighted-average number of shares outstanding during 20X1.  (3 marks) (b) Determine basic EPS. (3 marks) (c) Determine diluted EPS. (8 marks)

For its most recent year a company had Sales (all on credit)…

Written by Anonymous on March 25, 2025 in Uncategorized with no comments.

For its most recent year a company had Sales (all on credit) of $830,000 and Cost of Goods Sold of $525,000. At the beginning of the year its Accounts Receivable were $80,000 and its Inventory was $100,000. At the end of the year its Accounts Receivable were $86,000 and its Inventory was $110,000. Calculate (i) the inventory turnover ratio for the year (ii) accounts receivable turnover ratio for the year (iii) the average days of sales were in Accounts Receivable during the year (iv) average days of sales  in Inventory during the year. (10 marks)

Bella Buster Ltd started operations in Whitby in 20X2. The c…

Written by Anonymous on March 25, 2025 in Uncategorized with no comments.

Bella Buster Ltd started operations in Whitby in 20X2. The company reported the following in its first two years of operations:   20X2 20X3 Earnings (loss) $110,000 ($150,000) Depreciation (assets have a cost of $210,000) $20,000 $20,000 CCA $35,000 $45,000 Non-deductible expenses $15,000 $10,000 Tax Rate 30 % 30% Required (a) What is the amount of taxable income for each year? (b) How much is the tax refund to be claimed in 20X3? (c) How much is the tax expense (recovery) in 20X3, assuming the use of the loss carryforward is not probable? Show the journal entries.

Kardashian Ltd. purchased a building in Oshawa in 20X5 for $…

Written by Anonymous on March 25, 2025 in Uncategorized with no comments.

Kardashian Ltd. purchased a building in Oshawa in 20X5 for $1,500,000. Straight line depreciation was used, with a useful life of 40 years and a residual value of $300,000. A full year of depreciation was charged in 20X5, In 20X8, the company decided to switch the depreciation method to declining balance, using a rate of 10%. The tax rate is 25%. Required: (a) Assuming that this is a change in estimate,  calculate the 20X8 depreciation expense. (b) Assuming that this is a change in policy, calculate the 20X8 depreciation expense and the cumulative effect of the change on the 20X8 opening retained earnings. (c) Under what circumstances would a change in depreciation method be considered a change in estimate?

The contract necessary to form a provider–patient relationsh…

Written by Anonymous on March 25, 2025 in Uncategorized with no comments.

The contract necessary to form a provider–patient relationship must be express.

According to the information displayed on the map,  which Af…

Written by Anonymous on March 25, 2025 in Uncategorized with no comments.

According to the information displayed on the map,  which African state most successfully resisted or avoided cultural diffusion during the time of European colonization?