Dynamic Manufacturers Inc. reported the following information in its financial statements: DYNAMIC MANFACTURERS INC. Statement of Financial Position June 30, 2024 Assets 2024 2023 Cash $32,000 $29,000 Accounts receivable 7,500 5,500 Prepaid Insurance 1,100 1,450 Inventory 220,000 175,000 Building 145,000 155,000 Equipment 36,000 40,000 Total Assets $441,600 $405,950 Liabilities and shareholders’ equity Accounts Payable $12,500 $14,500 Notes Payable 10,000 0 Bonds Payable 145,000 95,000 Long-Term Debt 116,000 175,000 Common shares 25,000 25,000 Retained earnings 133,100 96,450 Total liabilities and shareholders’ equity $441,600 $405,950 Revenue $450,000 $300,000 Operating expenses 300,000 210,000 Profit from operations 150,000 90,000 Interest expense 6,000 9,000 Income tax expense 36,000 20,250 Profit $108,000 $60,750 REQUIRED Answer in the 3 required in the space below. Show your calculations in the space provided below. a) Calculate the company’s debt to equity for each year.         2 Mark b) Calculate the company’s interest coverage ratio for each year.  2 Mark   c) Determine if the change from 2023- 2024 is an improvement or getting worse. 2 Marks

Cullery Limited borrowed $60,000 from Kula Limited on July 1 and issued a two-month note payable at 5% due at maturity on October 1. Cullery year end is August 31 and the company records adjusting entries only at that time.  Note  $                             60,000 Months                                                2 Interest rate 5%     REQUIRED: Format answers as below.  You should be able to  cut and paste the format below Prepare the journal entries that Kula Limited would record on the note it received from Cullery Limited, assuming it makes adjusting entries monthly for (a) the payment to $60,000 to Cullery Limited on July 1. Date Account Titles Debit Credit  July 1    2 marks   (b) the accrual of interest income on July 31, and August 31;  Date Account Titles Debit Credit  July 31    2 marks   Date Account Titles Debit Credit  Aug 31    2 marks   (c) the receipt of interest and principal on October 1 when the note receivable matures. Date Account Titles Debit Credit  Sept 1      3 marks  

Surkis Corporation purchased a piece of equipment for $180,000 cash on April 2, 2024. Its estimated useful life is 20 years and salvage value is $30,000. The company’s year end is March 31, and it prepares adjusting entries annually.  Equipment  $                       180,000 Salvage value  $                          30,000 Useful life                                         20 REQUIRED: Answer in the space provided below. (a) Prepare the journal entries to record the:  (1) purchase of the equipment on April 1, 2024 (2 points) (2) depreciation for the first year ended March 31, 2025.  (2 points) Answers should be formatted as Date Account Titles Debit Credit December 12 Cash 10 Sales 10 (b) Show how the equipment would be reported on the statement of financial position at March 31, 2024.  Answer should be formatted as below. You should be able to copy and paste this format SURKIS CORPORATION Statement of Financial Position (Partial) March 31, 2024 Assets Property, Plant and Equipment  Carrying amount      $       3 points

Formula Sheet – No need to do anything in this question.    Ratio Sheet Liquidity Ratios (Lo2) Current Ratio Current Assets Current Liabilities Relivable Turnover Credit Sales Average Gross Accounts Receivable Average collection period 365 days Receivables Turnover Inventory turnover Cost of Goods Sold Average Inventory Days in Inventory 365 days Inventory turnover       Solvency Ratios (Lo3) Debt to total assets Total Liabilities Total Assets Times Interest Earned EBIT (earnings before interest expense and tax expense) Interest expense Free Cash Flow Net cash provided (used) by operating activities – Net capital expenditures – Dividends Paid       Profitability Ratios (Lo4) Gross Profit Margin Gross margin Sales Profit Margin Net income Sales  Asset Turnover Sales   Average total assets Return on assets Net income Average total assets Return on Common Shareholders’ Equity Net Income – Preferred Dividends Average total shareholders’ equity Basic Earnings per share Net income – preferred dividends Weighted average number of common shares  Price-Earnings Ratio Market price per share Basic Earnings per share Payout Ratio Cash dividends declared Net Income Dividend yield Dividends declared per share Market price per share

14-year-old Marcus and his mother have been arguing frequently lately. The arguments usually start when Marcus plays his music loudly while doing homework or when his mother insists he clean his room before going out. Marcus feels these are his personal choices and that his mother is micromanaging him.  Based on the information provided in your textbook on parents and teens navigating through autonomy and interdependence, which of the following best characterizes the nature of the conflict between Marcus and his mother?

Alex is a 4-year-old preschool student whose hamster just died. All of the following are common reactions to the hamster’s death that Alex may demonstrate EXCEPT

Alex plays with a toy computer, while Uma plays with a similar toy computer next to him. Alex and Uma do not talk to one another or look at one another while they are playing. According to Parten’s observational studies, which type of play are Uma and Alex displaying?

In Ch. 15, Loeb and Borgatta (1980) argue that in societies where great value is placed on the productivity of individuals, those who are incapacitated, older, or experiencing a terminal illness, no longer hold the “human capital” of a working adult or a child (as a potential producer). This results in them being ignored, which contributes to that person’s experience of ____________________ . 

In the assigned video Minorities and Women Face Glass Cliff, Dr. Allison Cook and Dr. Christy Glass describe the “Savior Effect” as:

The Thompson family is concerned about the relationship between their two children, 13-year-old Ethan and 11-year-old Chloe. The siblings argue constantly, and their interactions are rarely cooperative. The parents admit that their own communication with the children has always been poor and reactive. Additionally, Ethan struggled with significant emotional and behavioral problems when he was in middle childhood (ages 6–9). Based on the research presented in your textbook, which conclusion best applies the “family systems approach” to the Thompson siblings’ conflict?