Blog

For the DNA sequence ACCGGGATACG, the complementary DNA sequence would be:

Which enzyme is responsible for synthesizing RNA during transcription?

The word mutation usually carries a negative connotation meaning it makes one think of a harmful condition or disease. Are mutations always harmful?  Why or why not?

Failure of homologous chromosomes or sister chromatids to separate properly during meiosis is called nondisjunction.

Mariner’s Marina provided services to Betty Lou’s Boats in January of 2024 in exchange for a $65,000,  4% interest bearing notes receivable due in four years.   Betty Lou’s Boats typically borrows funds at a rate of 8% (effective rate of interest for this note).  What is the total increase to net income for the year 2024 related to this transaction?  (Hint: consider both the impact from the sales transaction in January and the interest journal entry at the end of 2024.  Assume interest is paid at the end of each year).  Betty Lou’s Boats uses the effective interest method.  You can use the tables below, spreadsheet application, or your calculator.  Round your answer to the nearest whole dollar. 4-periods PV(1) PV(OA) PV (AD) FV(1) 8%                          0.735030                          3.312127                          3.577097                          1.360489 4%                          0.854804                          3.629895                          3.775091                          1.169859

A company sold $12,000 of merchandise to a customer with terms 3/10, n/30.  Assuming the company records their receivables using the gross method, what amount would they credit to accounts receivable when their customer paid the invoice within the discount period?

Indicate if the following items should be included in inventory for McGee Company as of December 31, 2024:

For the year ended December 31, Beal Co. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data are available:   Allowance for uncollectible accounts, 1/1                      $42,000 Uncollectible accounts written off, 11/30                         46,000 Estimated uncollectible accounts per aging, 12/31           52,000   What is the amount of the debit to bad debt expense in the year-end adjusting entry?

At the beginning of 2024, Gannon Company issued a three-year, zero-interest bearing $8,800 notes receivable in exchange for services provided to Antique Company.  The market rate for equivalent notes was 4% at the date of issuance.  On their 2024 financial statements, Gannon reported notes receivable of $8,800 and service revenue of $8,800.  What effect did this accounting for the note and related revenue have on the following amounts?

What major event occurred that sent the United States into the Great Depression?