E10.12 Interfund Transactions

Interfund transfers of the general fund of Timberline County for 2020 were as follows:

1. $2,000,000 advance to the Park Development special revenue fund, to permit initial expenditures under a project to be fully supported by a federal grant.

2. $1,500,000 to the Timberline County Fire Protection District (a special revenue fund) as the county’s contribution to fire and emergency medical service activities for the year.

3. $500,000 from the Roads capital projects fund, unspent proceeds of a bond issue.

4. $3,000,000 to the County Hospital (enterprise fund), as the city’s cost of services provided.

5. $2,900,000 to the Airport Fund (enterprise fund) to temporarily finance the maintenance of runways.

6. $2,000,000 from the Park Development special revenue fund, to repay the advance.

Required

For each of the above interfund transfers, state how the transaction is reported on the general fund’s balance sheet and/or statement of revenues, expenditures, and changes in fund balances.

Most Major airports have separate lots for long-term and short-term parking. The cost to park depends on the lot you select , and how long you stay. Considering this rate structure on the lot you select, and how long you stay. Consider this rate structure from the Salt Lake International Airport during the summer of 2016.

Long-Term (Economy) Parking

-The First Hour is $2.00, and each additional hour or fraction thereof is $1.00

-Daily maximum $9.00

-Weekly maximum $60

Short Term Parking

-The first 30 minutes are $2.00 and each additional 20 minutes or fraction thereof is $1.00

-Daily maximum $32.00

Write a program using matlab that asks the user the following:

-Which lot are you using?

-How many weeks, hours, days, and minutes did you park? Your program should calculate the parking bill.

A donor pledges $100,000 to the Shakespeare Foundation to be used only to support the summer Shakespeare Theater—an event that has been held every summer for 38 years. This is an example of a A. Conditional Contribution. B. Contributions with donor restrictions. C. Contributions with no donor restrictions. D. A decrease in net assets.

You are given the sample mean and the population standard deviation. Use this information to construct the​ 90% confidence interval for the population mean.

A random sample of 60 home theater systems has a mean price of ​$110.00. Assume the population standard deviation is ​$16.90.

The​ 90% confidence interval is what?

Think of a time when you had to locate someone in a crowd, such as a participant in a parade, a friend in a packed theater, or a runner in a marathon. Based on your experience, respond to the following:
Did you conduct a conjunctive search? If yes, how did the number of distracters and features affect your search?

For each situation indicate when a company should recognize revenue:

Vania Magazines started construction of a warehouse building for its own use at an estimated cost of $5,000,000 on January 1, 2019, and completed the building on December 31, 2019. During the construction period, Vania has the following debt obligations outstanding.

Total cost amounted to $5,200,000, and the weighted average of accumulated expenditures was $3,500,000.

Jane Esplanade, the president of the company, has been shown the costs associated with this construction project and capitalized on the balance sheet. She is bothered by the “avoidable interest” included in the cost. She argues that, first, all the interest is unavoidable—no one lends money without expecting to be compensated for it. Second, why can't the company use all the interest on all the loans when computing this avoidable interest? Finally, why can't her company capitalize all the annual interest that accrued over the period of construction?

Instructions

(Round the weighted-average interest rate to two decimal places.)

You are the manager of accounting for the company. In a memo, explain what avoidable interest is, how you computed it (being especially careful to explain why you used the interest rates that you did), and why the company cannot capitalize all its interest for the year. Attach a schedule supporting any computations that you use.

Summary In this lab, you write a while loop that uses a sentinel value to control a loop in a C++ program that has been provided. You also write the statements that make up the body of the loop. The source code file already contains the necessary variable declarations and output statements. Each theater patron enters a value from 0 to 4 indicating the number of stars the patron awards to the Guide’s featured movie of the week. The program executes continuously until the theater manager enters a negative number to quit. At the end of the program, you should display the average star rating for the movie. Instructions Ensure the source code file named MovieGuide.cpp is open in your code editor. Write the while loop using a sentinel value to control the loop, and write the statements that make up the body of the loop. The output statements within the loop have already been written for you. Ensure you include the calculations to compute the average rating. Execute the program by clicking the Run button. Input the following: 0, 3, 4, 4, 1, 1, 2, -1 Ensure the average output is correct.

this is the prewritten code:

// MovieGuide.cpp - This program allows each theater patron to enter a value from 0 to 4

// indicating the number of stars that the patron awards to the Guide's featured movie of the

// week. The program executes continuously until the theater manager enters a negative number to

// quit. At the end of the program, the average star rating for the movie is displayed.  

#include <iostream>

#include <string>

using namespace std;

int main()

{

   // Declare and initialize variables.

   double numStars;            // star rating.

   double averageStars;    // average star rating.

   double totalStars = 0;    // total of star ratings.

   int numPatrons = 0;           // keep track of number of patrons

   // This is the work done in the housekeeping() function

   // Get input.

   cout << "Enter rating for featured movie: ";

   cin >> numStars;

   // This is the work done in the detailLoop() function

   // Write while loop here    

   // This is the work done in the endOfJob() function

   cout << "Average Star Value: " << averageStars << endl;

   return 0;

} // End of main()

Overbooking is the practice of selling more items than are currently available. Overbooking is common in the travel industry; it allows a vehicle (airline, train, bus, cruise ship, hotel, and so forth) to operate at or near capacity, despite cancellations, no-shows, or late arrivals.

Overselling is when more confirmed customers show up to use the vehicle than there is space available. When this happens, at least one customer will be denied the service that they paid for, either voluntarily (sometimes with an incentive provided by the supplier) or involuntarily. This is called getting "bumped."

Suppose that for a particular flight, an airline believes that 1% of ticket holders do not make the flight. The jet making the trip holds 188 passengers. If the airline sells 191 tickets, what is the probability that the flight will be oversold and they will have to bump a passenger? Assume that cancellations are independent.

Calculate the probabilities that one, two, and three people will be bumped, and then use those values to determine the probability that at least one passenger will be bumped. Give each answer to four decimal places. Avoid rounding within calculations.

?(one person is bumped)=

?(two people are bumped)=

?(three people are bumped)=

?(at least one person is bumped)=