This page is a not a question – this lists useful formulas Assets = Liabilities + Equity Revenues – Expenses = Net Income Retained Earnings beginning balance  + Net Income – Dividends = Retained Earnings ending balance Inventory beginning balance + Purchases – Cost of Goods Sold = Inventories ending balance   Balance Sheet Presentation: Assets (Current Assets first then Non Current Assets); Liabilities (Current liabilities first then Non Current); Equity  (Contributed Capital first and then Retained Earnings)   A=Asset; E=Equity; L=Liability; Rev=Revenue; Exp=expense; D=dividends   Contributed Capital                                                                E Capital or Common stock                                                       E Accounts Payable                                                                   L Accounts Receivable                                                              A Marketable securities or Investment in Stocks/Bonds           A Retained Earnings                                                                  E Salaries paid                                                                           Exp Sales                                                                                       Rev Cost of Goods sold                                                                 Exp Commission to Salespersons                                                  Exp Property, Plant, and Equipment                                             A Tax Payable                                                                            L Cash                                                                                        A Inventories                                                                              A Bonds Payable                                                                        L Dividends paid                                                                        D Additional Paid in Capital                                                      E Utilities Paid                                                                           Exp Land                                                                                        A Computers                                                                              A Advertising                                                                             Exp Research and Development                                                    Exp Notes Payable                                                                         L Depreciation                                                                           Exp    

The useful life of an asset is 5 years. Depreciation expense in year 2 is 60,000. If the double declining balance method is used,  What is the cost of the asset? (Note: please do not include commas or dollar signs in your response)

41) The Drake equation allows us to estimate the number of

15) The depth of the dip in a star’s brightness due to the transit of a planet depends most directly on

38) The recent gradual rise in the Earth’s average surface temperature is commonly referred to as

37) Europa is located outside the Sun’s habitable zone and yet may be habitable. How can this be?

19) Surprising discovery? A planet in another stellar system has an Earth-like atmosphere with plentiful oxygen, but no life of any kind.

49) What parameters determine the position of a galaxy’s Galactic Habitable Zone?

45) Suppose there are a million inhabitable planets in our galaxy, that one in ten are habitable, that one in a thousand planets with life at some point had an intelligent civilization, and that one in a hundred civilizations that has ever existed is in existence now. Given this, how many civilizations are in existence now?

48) White dwarfs