Accounting Cycle Review 5 a-b, c1-c2, d, e1-e3 On December 1, 2019, Prosen Distributing Company had the following account balances. Debit Credit Cash $7,400 Accumulated Depreciation—Equipment $2,200 Accounts Receivable 4,700 Accounts Payable 4,500 Inventory 11,900 Salaries and Wages Payable 1,000 Supplies 1,300 Common Stock 29,000 Equipment 22,000 Retained Earnings 10,600 $47,300 $47,300 During December, the company completed the following summary transactions. Dec. 6 Paid $1,600 for salaries and wages due to employees, of which $600 is for December, and $1,000 is for November salaries and wages payable. 8 Received $1,900 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,400. The cost of the merchandise sold was $4,100. 13 Purchased merchandise on account from Maglio Co. $9,300, terms 2/10, n/30. 15 Purchased supplies for cash $2,100. 18 Sold merchandise on account $12,100, terms 3/10, n/30. The cost of the merchandise sold was $8,100. 20 Paid salaries and wages $1,900. 23 Paid Maglio Co. in full, less discount. 27 Received collections in full, fewer discounts, from customers billed on December 18. Adjustment data: 1. Accrued salaries and wages payable $800. 2. Depreciation $200 per month. 3. Supplies on hand $1,400. Journalize the December transactions using a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Dec. 6 Salaries and Wages Expense 600 Salaries and Wages Payable 1,000 Cash 1600 Dec. 8 Cash 1900 Accounts Receivable 1900 Dec. 10 Cash 6400 Sales Revenue 6400 (To record sales revenue.) Cost of Goods Sold 4100 Inventory 4100 (To record cost of goods sold.) Dec. 13 Inventory 9300 Accounts Payable 9300 Dec. 15 Supplies 2100 Cash 2100 Dec. 18 Accounts Receivable 12,100 Sales Revenue 12,100 (To record the sales revenue.) Cost of Goods Sold 8,100 Inventory 8,100 (To record cost of goods sold.) Dec. 20 Salaries and Wages Expense 1,900 Cash 1,900 Dec. 23 Accounts Payable 9,300 Inventory Cash Dec. 27 Cash Sales Discounts Accounts Receivable Enter the December 1 balances ledger T-accounts and post the December transactions. Use Cost of Goods Sold, Depreciation Expense, Salaries and Wages Expense, Sales Revenue, Sales Discounts, and Supplies Expense. (Post entries in the order of journal entries presented above. If an answer is zero, please enter 0. Do not leave any fields blank.) Cash 12/1 Bal. 7,400 12/6 1,600 12/8 1,900 12/15 2,100 12/10 6700 12/20 1900 12/27 12028 12/23 9300 12/31 Bal. 13316 Accounts Receivable 12/1 Bal. 5,000 12/8 1800 12/18 12400 12/27 12400 12/31 Bal. 3200 Inventory 12/1 Bal. 12,400 12/10 3900 12/13 9400 12/18 8200 12/23 188 12/31 Bal. 9512 Supplies 12/1 Bal. 1500 12/15 1800 Equipment 12/1 Bal. 22,000 12/31 Bal. 22,000 Accumulated Depreciation—Equipment 12/1 Bal. 2,200 Accounts Payable 12/23 9400 12/1 Bal. 4,800 12/13 9400 12/31 Bal. 4800 Salaries and Wages Payable 12/6 1000 12/1 Bal. 1000 Retained Earnings 12/1 Bal. 25,100 12/31 Bal. 25,100 Sales Revenue 12/10 6700 12/18 12400 12/31 Bal. 19100 Sales Discounts 12/27 372 12/31 Bal. 372 Cost of Goods Sold 12/10 3900 12/18 8200 12/31 Bal. 12100 Salaries and Wages Expense 12/6 900 12/20 1600 Journalize the adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 Salaries and Wages Expense 600 Salaries and Wages Payable 600 2. Depreciation Expense 200 Accumulated Depreciation-Equipment 200 3. Supplies Expense 1600 Supplies 1600 Post the adjusting entries. (Post entries in the order of journal entries presented above.) Cash 12/1 Bal. 7,400 12/6 1,600 12/8 1,900 12/15 2,100 12/10 6,400 12/20 1,900 12/27 11,737 12/23 9,114 12/31 Bal. 12,723 Accounts Receivable 12/1 Bal. 4,700 12/8 1,900 12/18 12,100 12/27 12,100 12/31 Bal. 2,800 Inventory 12/1 Bal. 11,900 12/10 4,100 12/13 9,300 12/18 8,100 12/23 186 12/31 Bal. 8,814 Supplies 12/1 Bal. 1,300 1,600 12/15 2,100 12/31 Bal. 1,700 Equipment 12/1 Bal. 22,000 12/31 Bal. 22,000 Accumulated Depreciation—Equipment 12/1 Bal. 2,200 12/1 Bal. 200 12/31 Bal. 2,400 Accounts Payable 12/23 9,300 12/1 Bal. 4,500 12/13 9,300 12/31 Bal. 4,500 Salaries and Wages Payable 12/6 1,000 12/1 Bal. 1,000 12/31 600 12/31 Bal. 600 Retained Earnings 12/1 Bal. 10,600 12/31 Bal. 10,600 Sales Revenue 12/10 6,400 12/18 12,100 12/31 Bal. 18,500 Sales Discounts 12/27 363 12/31 Bal. 363 Cost of Goods Sold 12/10 4,100 12/18 8,100 12/31 Bal. 12,200 Depreciation Expense 12/31 200 12/31 Bal. 200 Salaries and Wages Expense 12/6 600 12/20 1,900 12/31 600 12/31 Bal. 3,100 Supplies Expense 12/31 1,600 12/31 Bal. 1,600 Prepare an adjusted trial balance. PROSEN DISTRIBUTING COMPANY Adjusted Trial Balance December 31, 2019, Debit Credit Cash $ 13316 $ Accounts Receivable 3200 Inventory 9512 Supplies 1700 Equipment 22000 Accumulated Depreciation-Equipment 2400 Accounts Payable 4800 Salaries and Wages Payable 600 Retained Earnings 25100 Sales Revenue 19100 Sales Discounts 372 Cost of Goods Sold 12100 Depreciation Expense 200 Salaries and Wages Expense 3100 Supplies Expense 1600 Income Summary 190 $ 67290 $ 67290 Prepare an income statement for December. PROSEN DISTRIBUTING COMPANY Income Statement For the Year Ending December 31, 2019 Sales Revenue $ 19100 Less: Sales Discounts -372 Net Sales 18728 Less: cost of goods sold -12100 Gross Profit / (Loss) 6628 Operating Expenses Depreciation Expense $ 200 Salaries, and Wages Expense 3100 Supplies Expense 1600 4900 Net Income / (Loss) $ 1538 Prepare a retained earnings statement for December. PROSEN DISTRIBUTING COMPANY Retained Earnings Statement For the Month Ended December 31, 2019, $: $ Prepare a classified balance sheet on December 31. (List Current Assets in order of liquidity.) PROSEN DISTRIBUTING COMPANY Balance Sheet For the Month Ending December 31, 2019 Assets $ $: $ Liabilities and Stockholder’s Equity $ $ $

Three different traffic routes are tested for mean driving time. The entries in the table are the driving times in minutes on the three different routes. At the 0.05 level of significance, are the mean driving times similar regardless of routes?
Route 1: 30, 32, 27, 35
Route 2: 27, 29, 28, 36
Route 3: 16, 41, 22, 31

What statistical test are you going to run?

What is the null hypothesis?

What is the alternative hypothesis?

What is test statistic? Please answer with two decimal places.

What is the p-value? Please answer with two decimal places.

What is your conclusion based on the p-value and the level of significance?

What is the proper conclusion?

1. The ACT standardized college admission was given in three rooms at a local testing site. A complaint was filed that one of the testing conditions of each room were not the same and caused a difference of scores. You have been asked to provide a statistical analysis to support or refute the claim. Determine your hypotheses, run the appropriate test, and provide the appropriate conclusion.

The scores from each of the three rooms were:

Given a normal population whose mean is 645 and whose standard deviation is 36, find each of the following:

A. The probability that a random sample of 7 has a mean between 651 and 655.

Probability =

B. The probability that a random sample of 14 has a mean between 651 and 655.

Probability =

C. The probability that a random sample of 27 has a mean between 651 and 655.

Probability =

A sample​ mean, sample​ size, and sample standard deviation are provided below. Use the​ one-mean t-test to perform the required hypothesis test at the

1​%

significance level.

x=29​,

s=6​,

n=15​,

H0​:

μ=27​,

Ha​:

μ≠27

The test statistic is

t=_______

​(Round to two decimal places as​ needed.)

The​ P-value is ______

​(Round to three decimal places as​ needed.)

▼

______ the null hypothesis. The data _____ sufficient evidence to conclude that the mean is ______

▼

The following data give the odometer mileage (rounded to the nearest thousand miles) for all 20 cars that are for sale at a dealership.

a. Calculate the values of the three quartiles and the interquartile range.

Q₁ =

Q₂ =

Q₃ =

IQR =

b. Find the approximate value of the 19^th percentile.

c. Calculate the percentile rank of 71.

%

Task G. Checkerboard (3x3)

Write a program checkerboard3x3.cpp that asks the user to input width and height and prints a checkerboard of 3-by-3 squares. (It should work even if the input dimensions are not a multiple of three.) Don't use function. Please explain in detail and make it simple. And be clear with the {}. Thank you in advance.

Example 1:

Input width: 16
Input height: 11

Shape:
***   ***   ***
***   ***   ***
***   ***   ***
   ***   ***   *
   ***   ***   *
   ***   ***   *
***   ***   ***
***   ***   ***
***   ***   ***
   ***   ***   *
   ***   ***   *

Example 2:

Input width: 27
Input height: 27

Shape:
***   ***   ***   ***   ***
***   ***   ***   ***   ***
***   ***   ***   ***   ***
   ***   ***   ***   ***   
   ***   ***   ***   ***   
   ***   ***   ***   ***   
***   ***   ***   ***   ***
***   ***   ***   ***   ***
***   ***   ***   ***   ***
   ***   ***   ***   ***   
   ***   ***   ***   ***   
   ***   ***   ***   ***   
***   ***   ***   ***   ***
***   ***   ***   ***   ***
***   ***   ***   ***   ***
   ***   ***   ***   ***   
   ***   ***   ***   ***   
   ***   ***   ***   ***   
***   ***   ***   ***   ***
***   ***   ***   ***   ***
***   ***   ***   ***   ***
   ***   ***   ***   ***   
   ***   ***   ***   ***   
   ***   ***   ***   ***   
***   ***   ***   ***   ***
***   ***   ***   ***   ***
***   ***   ***   ***   ***

Bayside, Inc.

2004 and 2005 Balance Sheets

($ in thousands)

                                         2004      2005                                                          2004      2005

        Cash                      $     70   $   180               Accounts payable                   $1,350   $1,170

         Accounts rec.              980        840               Long-term debt                          720       500

       Inventory                   1,560     1,990              Common stock                         3,200     3,500

       Total                        $2,610   $3,010              Retained earnings       940     1,200

        Net fixed assets        3,600     3,360        

        Total assets               $6,210  $6,370              Total liabilities & equity               $6,210   $6,370

Calculate the following: for 2005 only (You will show your work and put it in the drop box).

Additional Information at the end of 2005:

Fair Market Value of the Stock $190 per share

Number of Common Shares Outstanding 100,000

Dividends paid during 2005 - $4 per share

Calculate the Average Days Sales for Collecting Receivables.

Carry your answer two decimal points. 33.0899 would be entered as 33.09

If this companies terms are Net 15 on items it sells and its Average Days Sales for collecting those receivables is 39 days, should the company be concerned?

Explain this Profit Margin Percentage. What does it mean?

Calculate the Earnings Per Share for the company.  (Net Income/Oustanding Shares)

Carry your answer two decimal points. 23.0899 would be entered as 23.09

Calculate the Price to Earnings Ratio.

Carry your answer two decimal points. 23.0899 would be entered as 23.09

If the industry Price to Earnings ratio is at 15, what could account for the difference from the industry average?

Beginning Retained Earnings $100,000

Dividends Paid for the Year $20,000

Net Loss for the Year $30,000

Based on the information above, the Ending Retained Earnings Balance will be?

Enter your answer without dollar signs and no commas. Example $4,000 would be entered as 4000

Part1. Calculate the nuclear binding energy (in J) and the nuclear binding energy per nucleon of

(241.0568453 amu).

Part 2.

A freshly isolated sample of ⁹⁰Y was found to have an activity of 8.2 × 10⁵ disintegrations per minute at 1:00 p.m. on December 3, 2006. At 2:15 p.m. on December 17, 2006, its activity was measured again and found to be 2.2 × 10⁴ disintegrations per minute. Calculate the half-life of ⁹⁰Y.

Nick and Tim are considering contributing toward the creation of a water fountain. Each can choose whether to contribute $300 to the water fountain or to keep that $300 for a pool table.

Since a water fountain is a public good, both Nick and Tim will benefit from any contributions made by the other person. Specifically, every dollar that either one of them contributes will bring each of them $0.70 of benefit. For example, if both Nick and Tim choose to contribute, then a total of $600 would be contributed to the water fountain. So, Nick and Tim would each receive $420 of benefit from the water fountain, and their combined benefit would be $840. This is shown in the upper left cell of the first table.

Since a pool table is a private good, if Nick chooses to spend $300 on a pool table, Nick would get $300 of benefit from the pool table and Tim wouldn't receive any benefit from Nick's choice. If Nick still spends $300 on a pool table and Tim chooses to contribute $300 to the water fountain, Nick would still receive the $210 of benefit from Tim's generosity. In other words, if Nick decides to keep the $300 for a pool table and Tim decides to contribute the $300 to the public project, then Nick would receive a total benefit of $300+$210=$510$300+$210=$510, Tim would receive a total benefit of $210, and their combined benefit would be $720. This is shown in the lower left cell of the first table.

Complete the following table, which shows the combined benefits of Nick and Tim as previously described.

Of the four cells of the table, which gives the greatest combined benefits to Nick and Tim?

When both Nick and Tim contribute to the water fountain

When neither Nick nor Tim contributes to the water fountain

When Nick contributes to the water fountain and Tim doesn't, or vice versa

Now, consider the incentive facing Nick individually. The following table looks similar to the previous one, but this time, it is partially completed with the individual benefit data for Nick. As shown previously, if both Nick and Tim contribute to a public good, Nick receives a benefit of $420. On the other hand, if Tim contributes to the water fountain and Nick does not, Nick receives a benefit of $510.

Complete the right-hand column of the following table, which shows the individual benefits of Nick.

Hint: You are not required to consider the benefit of Tim.

If Tim decides to contribute to the water fountain, Nick would maximize his benefit by choosing   to the water fountain. On the other hand, if Tim decides not to contribute to the water fountain, Nick would maximize his benefit by choosing   to the water fountain.

These results illustrate   .

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