Tristar production company began operations on september 1, 2011. listed below are a number of transactions that occurred during its first four months of operations. 1. on september 1, the company acquired five acres of land with a building that will be used as a warehouse. tristar paid $100,000 in cash for the property. according to appraisals, the land had a fair value of $75,000 and the building had a fair value of $45,000. 2. on september 1, tristar signed a $40,000 noninterest-bearing note to purchase equipment. the s40,ooo payment is due on september 1, 2012. assume that 8% is a reasonable interest rate. 3. on september 15, a truck was donated to the corporation. similar trucks were selling for s2,500. 4. on september 18, the company paid its lawyer s3,ooo for organizing the corporation. 5. on october 10, tristar purchased machinery for cash. the purchase price was s15,ooo and s500 in freight charges also were paid. 6. on december 2, tristar acquired various items of office equipment. the company was short of cash and could not pay the s5,500 normal cash price. the supplier agreed to accept 200 shares of the company's nopar common stock in exchange for the equipment. the fair value of the stock is not readily determinable. 7.0n december 10, the company acquired a tract of land at a cost of $20,000. it paid s2,ooo down and signed a 1096 note with both principal and interest due in one year. ten percent is an appropriate rate of interest for this note. required: prepare journal entries to record each of the above transactions.

Gino's restaurant is a popular restaurant in boston, massachusetts. the owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. the intern, in consultation with the owner, identified the following major activities: activity cost pool activity measure serving a party of diners number of parties served serving a diner number of diners served serving drinks number of drinks ordered some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. other costs, such as washing plates and glasses, depends on the number of diners served or the number of drinks served. data concerning these activities are shown below. serving a party serving a dinner serving drinks total total cost $47,600 $153,000 $59,800 $260,400 total activity 7,000 parties 30,000 diners 46,000 drinks prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. she knew that the total cost for the month was $260,400 and that 30,000 diners had been served. therefore, the average cost per diner was $8.68.required: 1. compute the activity rates for each of the three activities 2. according to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. a party of four diners who ordered three drinks in total b. a party of two diners who do not order any drinks c. a lone diner who orders two drinks 3. convert the total costs you computed in part (1) above to costs per diner. in other words, what is the average cost per diner for serving each of the following parties: a. a party of four diners who order three drinks in total b. a party of two diner who do not order any drinks c. a lone diner who orders two drinks 4. why do the costs per diner for the three different parties differ from each other and from the overall average coast of $9.80 per diner?

Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting

Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit