Questions
Lucy gets home at a random time between 5:27 and 6:32 each evening, and watches the...

Lucy gets home at a random time between 5:27 and 6:32 each evening, and watches the next news show that’s on. Network 1 airs news shows every half-hour (at 5:00, 5:30, 6:00, etc.); network 2 airs news shows at 5 minutes past each half-hour. Lucy will not start watching a show that’s already in progress.

(a) Let Ni be the event that Lucy ends up watching the news on network # i tomorrow, for i ∈ {1, 2}. Find P(Ni).

b) Find the expected amount of time that Lucy will have to wait to watch the news tomorrow.

In: Statistics and Probability

5. Write a program that prints all numbers between 27 and 78, one number per line....

5. Write a program that prints all numbers between 27 and 78, one number per line.

6. In questions 6,7 the following list is used: [1,2,5,6,3,77,9,0,3,23,0.4,-12.4,-3.12]

7. Using “for” loop, write program that finds the smallest number in the list.

8. Using “for” loops, calculate arithmetic mean of all numbers in the list. Do not use built-in function in Python.

9. For this question envision you are creating a dummy alert to help the doctor determine if patient needs a mammogram or not: Ask the user to answer the following questions:

• "What is your patient’s gender? Please answer F for female, M for male " and store it in a variable "gender".

• "What is your patient’s age? " store it in a variable "age"

• "Does your patient have family history of breast cancer? Please answer with True or False " store it in a variable name "history" The program should display the following alert messages based on conditions:

• If patient is female and over 40 the system should alert the doctor to "consider ordering mammogram”

• If the patient is female but younger than 40 the program should go to next step and consider patient family history to determine if mammogram is recommended. If patient has family history of breast cancer the program should display a message "consider mammogram because of family history". If not just display "my not need mammogram" • In any other case the alert should say "no mammogram order recommended". Suggestion: Attention to the variable types when you input and compare.

In: Computer Science

Variance Company produces Chemical Y. It budgeted to produce 10,000 gallons of Chemical Y in fiscal...

Variance Company produces Chemical Y. It budgeted to produce 10,000 gallons of Chemical Y in fiscal year 2006. It actually produced 11,000 gallons. The production process for Chemical Y has two principal ingredients, Mystery Material M and labor. To produce 1 gallon of Chemical Y under budget requires 10 gallons of Mystery Material M @ $3/gallon and .5 labor hours @$20/labor hour. During 2006, it spent $346,500 to purchase 99,000 gallons of Mystery Material M that Variance Company used in production. Its actual total labor costs were $115,000 and it used 5,000 hours of labor

What is the labor volume variance?

A) $15,000 B) $10,000 C) $5,000 D) $500

5. What is the labor efficiency variance?

A) $15,000 B) $10,000 C) $5,000 D) $500

What is the flexible budget variance for mystery material M for the year 2006?

A) $16,500 B) $30,000 C) $10,000 D) $46,500

8. What is the price variance for mystery material M for the year 2006?

A) $33,000 B) $30,000 C) $49,500 D) $50,000

In: Accounting

Please run a two sample test on independent means using the given data. You may use...

Please run a two sample test on independent means using the given data. You may use either a calculator or statdisk but please indicate clearly at the top of your word document what method you are using. if you can type everything out it would be helpful sometimes its hard to read some handwritings but PLEASE STATE THE METHOD YOUR USING

Is Job Satisfaction going down? In the past ten years, several authors have stated that people are miserable in their jobs and have become increasingly unhappy over time. Job satisfaction scores from participants in the General Social Survey (GSS) in 1975 and 2006 were studied. Higher scores indicate greater satisfaction, with 2.5 being a neutral score. Here are summaries of scores for 1975 and 2006:

Year Sample Size Mean Sample Std Dev
1975 1165 3.37 0.81
2006 2177 3.32 0.80

a) Run a test of significance to see if there is a significant decrease in mean scores from 1975 to 2006? Be sure to clearly state the null and alternative hypotheses, clearly label and state the value of the test statistic, clearly label and state the value of the P-value and clearly state the conclusion of the test in the context of the problem.

b) The paper from which the data came includes several years from 1972 to 2006. 1975 was the year with the highest mean score. What, if any, effect does this information have on your assessment of whether job satisfaction has decreased over time?

In: Statistics and Probability

Please run a two sample test on independent means using the given data. You may use...

Please run a two sample test on independent means using the given data. You may use either a calculator or statdisk but please indicate clearly at the top of your word document what method you are using. if you can type everything out it would be helpful sometimes its hard to read some handwritings but PLEASE STATE THE METHOD YOUR USING EITHER STATDISK OR A CACULATOR

Is Job Satisfaction going down? In the past ten years, several authors have stated that people are miserable in their jobs and have become increasingly unhappy over time. Job satisfaction scores from participants in the General Social Survey (GSS) in 1975 and 2006 were studied. Higher scores indicate greater satisfaction, with 2.5 being a neutral score. Here are summaries of scores for 1975 and 2006:

Year Sample Size Mean Sample Std Dev
1975 1165 3.37 0.81
2006 2177 3.32 0.80

a) Run a test of significance to see if there is a significant decrease in mean scores from 1975 to 2006? Be sure to clearly state the null and alternative hypotheses, clearly label and state the value of the test statistic, clearly label and state the value of the P-value and clearly state the conclusion of the test in the context of the problem.

b) The paper from which the data came includes several years from 1972 to 2006. 1975 was the year with the highest mean score. What, if any, effect does this information have on your assessment of whether job satisfaction has decreased over time?

In: Statistics and Probability

Anderson Accounting Services LLC provides accounting and tax preparation and consulting services. Sometimes customers only wish...

Anderson Accounting Services LLC provides accounting and tax preparation and consulting services. Sometimes customers only wish to have financial statements and/or tax returns prepared. Sometimes customers bundle accounting and tax preparation with consulting services (to be provided over a period of time). Sometimes customers only wish to have consulting services provided over a period of time. Because Anderson is a service firm there is no cost of goods sold associated with their services.

Customer is Civic Corporation 1
Tax consulting begins on November 1st and runs through the next April 11/1/X7
Date of contract 11/1/X7
Length of consulting services 6 months months
Tax return preparation occurs over the period February through April of 20X8
Length of tax prepartion 3 months
Price of tax preparation to be allocated over the return preparation period $             2,000 stand alone price
Price of consulting services to be allocated over consulting period $              5,000 stand alone price
Customers are charged a lesser amount as follows for both tax and consulting $              6,000
Anderson Accounting Services LLC's current year end 12/31/X7
Customers pay at the contract date for BOTH the consulting and tax preparation services.

What are the performance obligations in the contract?

A.

Tax preparation services

B.

Tax preparation services and tax consulting services

C.

Unable to determine

D.Tax consulting services

QUESTION 3

Determine the transaction price that should be allocated to the consulting services.

A.

$4,286

B.

$1,714

C.

$1,429

D.

$4,571

QUESTION 4

Calculate the total revenue that should be recognized in the current accounting period.

A.

$4,571

B.

$1,714

C.

$1,429

D. $4,286

QUESTION 5

What is the total amount in the deferred revenue account(s) at the end of the current accounting period?

A.

$1,714

B.

$4,571

C.

$4,286

D.

$1,429

QUESTION 6

What is the total amount of revenue that should be recognized in the NEXT accounting period period?

A.

$1,714

B.

$4,286

C.

$1,429

D.

$4,571

QUESTION 7

The following journal entry has what impact on the income statement?

Debit Cash XXX

Credit Deferred Revenue XXX

A.

No impact

B.

Decrease

C.

Increase

QUESTION 8

The following journal entry has what impact on the income statement?

Debit Cash XXX

Credit Accounts Receivable    XXX

A.

No impact

B.

Increase

C.

Decrease

QUESTION 9

Revenue is defined as:

An inflow or other enhancements of assets of an entity or settlement of its liabilities (or a combination of both) during a period from delivering or producing goods, rendering services, or other activities that constitute the entity’s ongoing major or central operations.

Revenue is recognized from the settlement of which of the following liabilities:

A.

Discount on Bonds Payable

B.

Deferred Revenue

C.

Salaries Payable

D.

Accrued Interest

QUESTION 10

A customer must have "control" over the good or service in order for a performance obligation to be considered as having been satisfied for purposes of revenue recognition.  
A.

TRUE

B.

FALSE

In: Accounting

Information need from Case 3 for the year end December 31, 2007 need for this question....

Information need from Case 3 for the year end December 31, 2007 need for this question.

Total sales revenue: $639,111

Food operations sales revenue: $458,602 and Beverage operations sales revenue: $180,509

Average check for food and beverages: $9.59 Average check for food: $6.88 Average check for beverages: $2.71

In the case at the end of Chapter 3, you calculated the average food and beverage check for the 4C Company’s 84-seat restaurant in Year 2004. The restaurant was open for 52 weeks, 6 days a week for lunch, and 5 days a week for dinner. An analysis of sales checks indicated that the average turnover was 1.5 times for lunch and 1.25 times for dinner. Lunch contributes about 45 percent of total sales revenue and dinner, 55 percent. Total beverage sales revenue is 20 percent at lunch and 80 percent at dinner. a. Calculate the average lunch and average dinner checks for food and beverages.

This is how I think you solve the question. Is this correct?

Ave Lunch Check = (45% * $639,111) / (84 seats * 1.5 * 312days) = $7.3158 then of this $7.3158, 20% is from beverage sales and 80% is from food sales therefore:

Average lunch beverage check = $7.3158 * .2 = $1.46

Average lunch food check = $7.3158 * .8 = $5.85

Ave Dinner check = (55% * $639,111) / (84 seats * 1.25 * 260days) = $12.87586 then of this $12.87586, 80% is from beverage sales and 20% is from food sales therefore:

Average dinner beverage check = $12.87586 * .8 = $10.30

Average lunch food check = $12.87586 * .2 = $2.57

In: Accounting

Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years.


In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows:

  2021 2022 2023
Cost incurred during the year $ 2,610,000   $ 3,162,000   $ 2,230,800  
Estimated costs to complete as of year-end   6,390,000     2,028,000     0  
Billings during the year   2,100,000     3,672,000     4,228,000  
Cash collections during the year   1,850,000     3,000,000     5,150,000  
 


Westgate recognizes revenue over time according to percentage of completion.

Required:
1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. (Do not round intermediate calculations. Loss amounts should be indicated with a minus sign.)

In: Accounting

Consider three possible taxes that would raise the same revenue: A) a property tax on the...

Consider three possible taxes that would raise the same revenue: A) a property tax on the value of real estate, B) a per-unit tax on soft-drinks, and C) a sales tax on staple foods.

a. Rank the three taxes based on their economic efficiency in raising revenue. Explain. (You may refer to them by letter)

b. Explain why a policymaker might choose a different rank ordering of the three taxes when choosing which to implement.

In: Economics

Name three ways to identity which part of the Internal Revenue Code is relevant in a...

  1. Name three ways to identity which part of the Internal Revenue Code is relevant in a research project.

In: Accounting