Execusmart Consultants has provided business consulting services for several years. The company has been using the...

Execusmart Consultants has provided business consulting services for several years. The company has been using the percentage of credit sales method to estimate bad debts but switched at the end of the first quarter this year to the aging of accounts receivable method. The company entered into the following partial list of transactions.

  1. During January, the company provided services for $350,000 on credit.
  2. On January 31, the company estimated bad debts using 1 percent of credit sales.
  3. On February 4, the company collected $175,000 of accounts receivable.
  4. On February 15, the company wrote off a $450 account receivable.
  5. During February, the company provided services for $300,000 on credit.
  6. On February 28, the company estimated bad debts using 1 percent of credit sales.
  7. On March 1, the company loaned $16,000 to an employee, who signed a 9% note due in 3 months.
  8. On March 15, the company collected $450 on the account written off one month earlier.
  9. On March 31, the company accrued interest earned on the note.
  10. On March 31, the company adjusted for uncollectible accounts, based on the following aging analysis, which includes the preceding transactions (as well as others not listed). Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $9,000.
Number of Days Unpaid
Customer Total 0–30 31–60 61–90 Over 90
Arrow Ergonomics $ 1,600 $ 800 $ 700 $ 100
Asymmetry Architecture 3,500 $ 3,500
Others (not shown to save space) 106,700 40,700 54,000 6,500 5,500
Weight Whittlers 3,500 3,500
Total Accounts Receivable $ 115,300 $ 45,000 $ 54,700 $ 6,600 $ 9,000
Estimated Uncollectible (%) 2 % 20 % 30 % 40 %

Required:

  1. For items (a)–(j), analyze the amount and direction (+ or –) of effects on specific financial statement accounts and the overall accounting equation. TIP: In item (j), you must first calculate the desired ending balance before adjusting the Allowance for Doubtful Accounts. (Do not round intermediate calculations. Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.)

Assets = Liabilities + Stockholders’ Equity
a.
b.
c.
d.
e.
f.
g.
h.
i.
j.

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a) What is the probability that a blackout due to an overload occurs during a heat wave?

b) If a blackout occurred during a particular heat wave, what is the probability that the substation A alone experienced an overload?

c) If a blackout occurred during a particular heat wave, what is the probability that an overload occurred at two or more substations simultaneously?

Thank you!

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Larry Fine,80
Curly Howard,65
Moe Howard,100
Shemp Howard,85
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Altitude(in the thousands of feet) 3 10 14 22 28 31 33

Temperature                           57 37 24 -5 -30 -41 -54

Determine if there is linear correlation between altitude and temperature. Give the appropriate r-value(do not calculate this value by hand) and what values you used to determine if there was or was not correlation. Conduct a hypothesis test at the 0.05 level of significance and List the equation of best fit(found via technology) and use this equation to find the predicted temperature at 6327 feet(show the calculation).

Show ALL WORK in a sample step to step process please

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Why, then, are organic foods more expensive than their conventional counterparts? The answer could be an application of the supply and demand model. Describe in your own words what factors have affected and will continue to affect the demand and supply for organic foods? Describe any shifts, and make any predictions of what might happen to the prices of organic foods in the future.

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Please Follow Instructions And Do Not Copy and Paste From Another Source.

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What is the value of the sample test statistic? (Round your answer to three decimal places.)

(c) Find (or estimate) the P-value. (Round your answer to four decimal places.)

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