WIT Financial Accounting Test Chapters 5 and 6 1. From the adjusted trial balance for Worker Products Company given below, prepare a multiple-step income statement in good form.    Worker Products Company Adjusted Trial Balance December 31 Debit Credit Cash $9,400 Accounts receivable 25,000 Merchandise inventory 36,000 Office supplies 900 Store equipment 75,000 Accumulated depreciation - store equipment $22,000 Office equipment 60,000 Accumulated depreciation -office equipment 15,000 Accounts payable 42,000 Notes payable 10,000 F. Worker, Capital 110,700 F. Worker, Withdrawals 48,000 Sales 325,000 Sales discounts 6,000 Sales returns and allowances 16,500 Cost of goods sold 195,000 Sales salaries expense 32,500 Depreciation expense - store equipment 11,000 Depreciation expense - office equipment 7,500 Office supplies expense 1,300 Interest expense 600 Totals $524,700 $524,700 2. From the adjusted trial balance for Worker Products Company given below, prepare the necessary closing entries.    Worker Products Company Adjusted Trial Balance December 31 Debit Credit Cash $9,400 Accounts receivable 25,000 Merchandise inventory 36,000 Office supplies 900 Store equipment 75,000 Accumulated depreciation - store equipment $22,000 Office equipment 60,000 Accumulated depreciation -office equipment 15,000 Accounts payable 42,000 Notes payable 10,000 F. Worker, Capital 110,700 F. Worker, Withdrawals 48,000 Sales 325,000 Sales discounts 6,000 Sales returns and allowances 16,500 Cost of goods sold 195,000 Sales salaries expense 32,500 Depreciation expense - store equipment 11,000 Depreciation expense - office equipment 7,500 Office supplies expense 1,300 Interest expense 600 Totals $524,700 $524,700 3. A company made the following merchandise purchases and sales during the month of May: May 1 Purchased 380 units at $15 each May 5 Purchased 270 units at $17 each May 10 Sold 400 units at $50 each May 20 Purchased 300 units at $22 each May 25 Sold 400 units at $50 each There was no beginning inventory. If the company uses the LIFO periodic inventory method, what would be the cost of the ending inventory?  4. A company made the following merchandise purchases and sales during the month of May:   May 1 Purchased 380 units at $15 each May 5 Purchased 270 units at $17 each May 10 Sold 400 units at $50 each May 20 Purchased 300 units at $22 each May 25 Sold 400 units at $50 each There was no beginning inventory. If the company uses the FIFO periodic inventory method, what would be the cost of the ending inventory?  5. Flaxco purchases inventory from overseas and incurs the following costs: the cost of the merchandise is $50,000, credit terms are 2/10, n/30 that apply only to the $50,000; FOB shipping point freight charges are $1,500; insurance during transit is $500; and import duties .

1. WIT Financial Accounting Test Chapters
5 and 6
1. From the adjusted trial balance for Worker Products
Company given below, prepare a multiple-step income
statement in good form.
Worker Products Company
Adjusted Trial Balance
December 31
Debit
Credit
Cash
$9,400
Accounts receivable
25,000
Merchandise inventory
36,000
Office supplies
900
Store equipment
75,000
Accumulated depreciation - store equipment
$22,000
Office equipment
60,000

2. Accumulated depreciation -office equipment
15,000
Accounts payable
42,000
Notes payable
10,000
F. Worker, Capital
110,700
F. Worker, Withdrawals
48,000
Sales
325,000
Sales discounts
6,000
Sales returns and allowances
16,500
Cost of goods sold
195,000
Sales salaries expense
32,500
Depreciation expense - store equipment
11,000
Depreciation expense - office equipment
7,500

3. Office supplies expense
1,300
Interest expense
600
Totals
$524,700
$524,700
2. From the adjusted trial balance for Worker Products
Company given below, prepare the necessary closing entries.
Worker Products Company
Adjusted Trial Balance
December 31
Debit
Credit

4. Cash
$9,400
Accounts receivable
25,000
Merchandise inventory
36,000
Office supplies
900
Store equipment
75,000
Accumulated depreciation - store equipment
$22,000
Office equipment
60,000
Accumulated depreciation -office equipment
15,000
Accounts payable
42,000
Notes payable
10,000
F. Worker, Capital
110,700
F. Worker, Withdrawals
48,000

5. Sales
325,000
Sales discounts
6,000
Sales returns and allowances
16,500
Cost of goods sold
195,000
Sales salaries expense
32,500
Depreciation expense - store equipment
11,000
Depreciation expense - office equipment
7,500
Office supplies expense
1,300
Interest expense
600
Totals
$524,700
$524,700

7. 3. A company made the following merchandise purchases and
sales during the month of May:
May 1
Purchased
380 units at
$15 each
May 5

8. Purchased
270 units at
$17 each
May 10
Sold
400 units at
$50 each
May 20
Purchased
300 units at
$22 each
May 25
Sold
400 units at
$50 each
There was no beginning inventory. If the company uses the
LIFO periodic inventory method, what would be the cost of the
ending inventory?
4. A company made the following merchandise purchases and
sales during the month of May:
May 1
Purchased
380 units at
$15 each
May 5
Purchased
270 units at
$17 each

9. May 10
Sold
400 units at
$50 each
May 20
Purchased
300 units at
$22 each
May 25
Sold
400 units at
$50 each
There was no beginning inventory. If the company uses the
FIFO periodic inventory method, what would be the cost of the
ending inventory?
5. Flaxco purchases inventory from overseas and incurs the
following costs: the cost of the merchandise is $50,000, credit
terms are 2/10, n/30 that apply only to the $50,000; FOB
shipping point freight charges are $1,500; insurance during
transit is $500; and import duties are $1,000. Flaxco paid within
the discount period and incurred additional costs of $1,200 for
advertising and $5,000 for sales commissions. Compute the cost
that should be assigned to the inventory.
A. $50,000
B. $53,000
C. $52,000
D. $51,500
E. $53,200

10. 6. A company had inventory of 10 units at a cost of $20 each on
November 1. On November 2, it purchased 10 units at $22 each.
On November 6 it purchased 6 units at $25 each. On November
8, it sold 22 units for $54 each. Using the FIFO perpetual
inventory method, what was the cost of the 22 units sold?
A. $470
B. $490
C. $450
D. $570
E. $520
]
7. Perch Company reported the following purchases and sales
for its only product. Perch uses a perpetual inventory system.
Determine the cost assigned to cost of goods sold using FIFO.
Date
Activities
Units Acquired at Cost

11. Units Sold at Retail
May 1
Beginning Inventory
150 units @ $10.00
5
Purchase
220 units @ $12.00
10
Sales
140 units @ $20.00
15
Purchase
100 units @ $13.00
24
Sales
150 units @ $21.00
A. $2,260
B. $3,180
C. $1,860
D. $3,580
E. $2,100

12. 8. Perch Company reported the following purchases and sales
for its only product. Perch uses a perpetual inventory system.
Determine the cost assigned to ending inventory using LIFO.
Date
Activities
Units Acquired at Cost
Units Sold at Retail
May 1
Beginning Inventory
150 units @ $10.00
5
Purchase
220 units @ $12.00
10
Sales
140 units @ $20.00
15

13. Purchase
100 units @ $13.00
24
Sales
150 units @ $21.00
A. $2,260
B. $3,180
C. $1,860
D. $3,580
E. $2,100
3
11/15/2013, 2:10 PMCMPT 111/116 (13/14WT1): Assignment 7
Description
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CMPT 111/116 - Introduction to Computer Science and
Programming
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Assignment 7 Description

14. Lab session: Week of Nov 4 - Nov. 15
Due date: Nov 18th, 2013, 10:00 pm
Total marks: 35
Notes:
This assignment is individual work. You may discuss the
questions and problems
with anyone, but the work you hand in for this assignment
should be your own work.
Each question indicates what to hand in. Usually, it will be a
single document for
each question. You must give your document the name we
prescribe for each
question. You should make sure your name and student number
appear at the top of
every document you hand in. These conventions assist the
markers in their work.
Failure to follow these conventions will result in needless
effort by the markers, and a
deduction of grades for you. Do not submit folders, zip files,
even if you think it will
help.
Hand in your work using Moodle. This page here shows you
how to do this.
Moodle will not allow you to submit work after the due date. It
is advisable to
hand in each answer that you are happy with, as you go. You
can always revise and
resubmit as many times as you like before the deadline.
Questions are annotated use descriptors like "easy" "moderate"
and "tricky". All
students should obtain perfect grades on "easy" problems. Most
students should
obtain perfect grades on "moderate" problems. The problems
marked "tricky" may
require significantly more time, and only the top students

15. should expect to get perfect
grades on these. We use these annotations to help students be
aware of the
differences, and also to help students allocate their time wisely.
This assignment will require you to write C++ code using the
Eclipse software. The
main page has several short videos on using Eclipse. Your lab
TA will be able to help
you learn to use it productively.
When you hand in your C++ programs, hand in the .cpp file
only, not the whole
project. To find your .cpp files that you create as part of your
projects, open up
Explorer/Finder/Dolphin and navigate to the folder/directory
that you selected as
your 'workspace.' Within that folder you'll see folders for each
of the projects
that you created. Navigate into the appropriate one, and then
into the "src"
folder; you'll see your .cpp file there.
Your assignment should consist of a total of 8 files uploaded to
the course Moodle.
Question 1 (5 marks)
Introduction
Computer vision is a subfield of computer science that explores
algorithms for interpreting
visual information such as images from cameras, such as trying
to automatically recognize
certain kinds of objects. A common task is to measure the
amount of overlap between
shapes represented by two images. For example, suppose we
have two images containing
leaf-like shapes:

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