Paladin Furnishings generated $2 million in sales during 2016, and its year-end total assets were $1.3 million. Also, at year-end 2016, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilities. Looking ahead to 2017, the company estimates that its assets must increase by $0.65 for every $1.00 increase in sales. Paladin's profit margin is 7%, and its retention ratio is 55%. How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest cent.

Paladin Furnishings generated $2 million in sales during 2019, and its year-end total assets were $1.6 million. Also, at year-end 2019, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilities. Looking ahead to 2020, the company estimates that its assets must increase by $0.80 for every $1.00 increase in sales. Paladin's profit margin is 4%, and its retention ratio is 45%. How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest cent.

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Listed in random order are the items to be included in the balance sheet of Tri-State Lodge at December 31, year 1.

Instructions

1. Prepare a balance sheet at December 31, year 1. Include a proper heading and organize your balance sheet similar to the illustrations shown in Chapter 2. You will need to compute the amount to be shown for Capital Stock.

2. Assume that no payment is due on the notes payable until year 3. Does this balance sheet indicate that the company is in a strong financial position as of December 31, year 1? Explain briefly.

5.  Problem 16.09 (Sales Increase)

Paladin Furnishings generated $4 million in sales during 2016, and its year-end total assets were $2.2 million. Also, at year-end 2016, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilities. Looking ahead to 2017, the company estimates that its assets must increase by $0.55 for every $1.00 increase in sales. Paladin's profit margin is 4%, and its retention ratio is 50%. How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest cent.

SALES INCREASE

Paladin Furnishings generated $2 million in sales during 2016, and its year-end total assets were $1.7 million. Also, at year-end 2016, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilities. Looking ahead to 2017, the company estimates that its assets must increase by $0.85 for every $1.00 increase in sales. Paladin's profit margin is 5%, and its retention ratio is 45%. How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest cent.

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Paladin Furnishings generated $4 million in sales during 2016, and its year-end total assets were $2.2 million. Also, at year-end 2016, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilities. Looking ahead to 2017, the company estimates that its assets must increase by $0.55 for every $1.00 increase in sales. Paladin's profit margin is 4%, and its retention ratio is 40%. How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest cent.

Classify the following descriptions as either Inferential statistics or descriptive statistics. Enter I if it is inferential statistics. Enter D if it is descriptive statistics.

The average age of the students enrolled in Statistics last semester was 29.7 years old.

There is a relationship between attending class and the grade you receive in the class.

Based on a random sample, it was concluded that the average cost of a hotel room in Chicago was greater than one in Atlanta.

A survey of 100 Statistics students found that the median score for test #1 was a 78.4%.

A study has concluded that the average credit card debt of college graduates had increased from the year 2009 to 2010.

The average Amazon.com rating of the book "The Complete Idiot's Guide to Statistics" by twenty-six reviews is 4.6 on a scale of 1 to 5.

For this assignment you will be creating a basic Hotel Reservation System. The program must meet the following guidelines:

• User can reserve up to 3 rooms at a time
  • Your program will need to loop through to continue to ask needed questions to determine cost.
• Room rates (room variants):
  • Suite $250
  • 2 Queens $150
  • 1 King $175
  • Ocean view add $50
  • Fridge for Room $25
  • Pets additional $50
• Sales tax rate will be 5.5%
• Your program will show out the total for each room reserved after the user has put in the necessary information. Once all rooms are entered the program will print out the grand total.

Make sure you are using Variables, Looping, and decision statements!

using the schedule from unit 3 assignment, estimate the cost for each activity.

Unit 3 Case Assignment (Wedding) – Baseline Schedule of activities.

WBS # DESCRIPTION RESPONSIBLE Duration
1 Budget & Planning Tony 9 days
1.1 Create a Timeline Peggy Sue 2
1.2 Estimate Budget Tony 2
1.3 Evaluate Estimated Budget/Timeline & Actual Cost of Wedding Tony 5
2 Guest List Peggy Sue 33 days
2.1 Determine Guest List Tony 7
2.2 Create & Mail “Save the Date” Peggy Sue 7
2.3 Send Invitations Peggy Sue 7
2.4 Collect Responses Tony 7
2.5 Finalize Seating Chart Peggy Sue 5
3 Bridal Peggy Sue 55 days
3.1 Determine Bridal Party Peggy Sue & Tony 15
3.2 Purchase Wedding Apparel Carmella 20
3.3 Plan Bridal Party Events Carmella 15
3.4 Purchase Marriage License Tony 5
4 Honeymoon Carmella 10 days
4.1 Confirm Destination & Dates Peggy Sue 5
4.2 Book Travel & Hotel Carmella 3
4.3 Confirm Booking & Payment Details Tony 2
5 Venue & Vendors Peggy Sue 53 days
5.1 Book Venue for Ceremony, Reception & Rehearsal Dinner Peggy Sue 12
5.2 Select Vendors Tony 6
5.3 Select Officiant Mildred 5
5.4 Hire Photographer/Videographer Peggy Sue 5
5.6 Reserve Hotel Block Mildred 5
5.7 Hire Transportation Mildred 5
5.8 Finalize Catering Menu Tony 5
5.9 Finalize Ceremony, Reception & Rehearsal Dinner Set-up Mildred 10