24 hours a day, there are workers who use 16 hours of leisure (L) and labor (E), excluding 8 hours of sleep. It benefits from the workers' leisure (L) and consumption (C). The utility function of this worker is U(L, C)=L*C. The worker's hourly wage is 10 and the given non-earned income is 10. When both labor and capital income are used for consumption (C), find consumption C that maximizes utility of workers. (However, the price of consumer goods is 1)

Jeremy earned $102,100 in salary and $8,100 in interest income during the year. Jeremy’s employer withheld $11,000 of federal income taxes from Jeremy’s paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $32,700 in itemized deductions. (Use the tax rate schedules.) Assume the original facts except that Jeremy has only $7,000 in itemized deductions. What is Jeremy’s tax refund or tax due?

Make sure that all statistical analysis to be done in Excel and/or StatCrunch and answer all parts:

You will be performing an analysis on heights in the US population, broken out by gender. You will need to know that US heights for males and females both follow an approximately normal distribution. The average height for women is 63.7 inches and a standard deviation of 2.7 inches. The average height for men is 69.1 inches and a standard deviation of 2.9 inches. You will use these numbers in your calculations.

Steps (all statistical analysis to be done in Excel and/or StatCrunch):

1. Collect the heights from 5 females and 5 males that you know. Make sure that you put all heights into inches. Include yourself in the analysis (as one of the 10).

2. Normal Distribution application:

a. Calculate z-scores for each of the selected people and provide interpretations for at least 2 of your z-scores (after looking up probabilities on the table). You also need to include interpretations that indicate how “rare” your observations are in the body of your paper. (Ex: Individual A from my sample with a height of ______ had a corresponding z-score of _____. This means that _______% of people are taller/shorter than him/her)

b. Include one graphic that shows the normal curve along with labels for the middle 68%, 95% and 99.7%. Also show where your own height is on the curve along with an interpretation of how relatively “tall” or “short” you are in comparison with the rest of your gender.

c. Calculate the mean of your male heights and female heights and compare this with the population mean (is it above/below – why is it not exact).

d. Calculate z-scores for the average heights of WNBA and NBA players (typically much taller than the average person) and also male jockeys (typically quite a bit shorter than the average person). Provide interpretations for each.

3. Binomial Experiment application:

a. In order to be considered for a tier 1 point guard in women’s basketball, you need to be 5’8”. Let’s consider a “success” as finding a woman who is 5’8” or taller. The probability of success is approximately 5%. If we consider a sample of 1000 women, calculate the mean and the standard deviation of the binomial random variable.

b. Calculate the range of “normal” observations (not unusual) for the number of women that we would expect to be 5’8” or taller in a sample of 1000 women and use it in a sentence.

c. Use a binomial calculator to calculate the probability of selecting*:

i. Less than 40 women who are 5’8” or taller

ii. Exactly 60 women who are 5’8” or taller

iii. Between 50 and 80, inclusive, women who are 5’8” or taller

iv. More than 70 women who are 5’8” or taller

v. At least 60 women who are 5’8” or taller

*Don’t just give answers here, use complete sentences. Graphs would be a nice addition here (StatCrunch screen grabs or Excel graphs).

d. Can we use the normal distribution as an approximation for the binomial in this case? Why or why not? If yes, what is the probability that we would choose less than 40 women who are 5’8” or taller using this approximation? How does this value compare with the value calculated in part c(i) above?

Problem 10-1A

On January 1, 2017, the ledger of Ivanhoe Company contained these liability accounts.

During January, the following selected transactions occurred.

During January, the company’s employees earned wages of $71,200. Withholdings related to these wages were $5,447 for Social Security (FICA), $5,086 for federal income tax, and $1,526 for state income tax. The company owed no money related to these earnings for federal or state unemployment tax. Assume that wages earned during January will be paid during February. No entry had been recorded for wages or payroll tax expense as of January 31.

a) Journalize the January transactions

b) Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and payroll tax expense.

c) Prepare the current liabilities section of the balance sheet at January 31. 207. Assume no change in Accounts payable.

Problem 10-1A

On January 1, 2017, the ledger of Sheridan Company contained these liability accounts.

During January, the following selected transactions occurred.

During January, the company’s employees earned wages of $78,800. Withholdings related to these wages were $6,028 for Social Security (FICA), $5,629 for federal income tax, and $1,689 for state income tax. The company owed no money related to these earnings for federal or state unemployment tax. Assume that wages earned during January will be paid during February. No entry had been recorded for wages or payroll tax expense as of January 31.

a)Journalize the January transactions.

b)Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and payroll tax expense

c)Prepare the current liabilities section of the balance sheet at January 31, 2017. Assume no change in Accounts Payable.

Q.1 Modern Bakery started its company with a total Capital of 2 Million with a Bank loan. For the year 2019 Company has produced and sold 10 Million of Bread. The following are the particulars regarding the bread produced and sold by them. The Stock of Flour Material opening was OMR 40,000, closing OMR 20,000 and during the year purchase of flour was OMR 45,000 for which transportation paid OMR 250. Amount paid to the workers who makes the bread OMR 14,000. Company has spent OMR 1,350 for Lubricating oil for the machinery and Packing Material of OMR 1,720. Electricity expense of OMR 1,000 had been spent in the office.

Rent and Insurance for Factory OMR 5,450, for Office OMR 7,150, Total of Managers salary amounting to 25,000 which belongs to 1/4^th for Factory manager and 3/4^th to Office manager and the amount of commission paid to factory manager was OMR 700, Depreciation were calculated on Straight line balance method for the machineries in the office and factory and the value of depreciation for the Office was OMR 1,000 and Factory was OMR 1,200.

Once the goods were manufactured all the finished products were kept in a warehouse for which company has spent OMR 9,000 for its rent. There was Opening balance of finished goods of 1,500 with no Closing Balance of Finished goods. Work in process Opening 18,000, Work in process closing 12,000. Three fourth of the warehouse was given for rent and the rent received by the company was OMR 2,467.

Total bread manufactured has been sold at OMR 170,000 and in order to make a Sales Company has spent on samples and gifts OMR 1,500, Show room cleaning expenses and Insurance were OMR 1,730 and Sales Managers Salary of OMR 3,000. Transportation expenses of OMR 7,700 for transporting the bread to different markets. In the Year end Company has paid Interest on the Bank Loan of OMR 10,500

1. You are required to prepare a Cost Sheet from the relevant information provided in Modern Bakery Company (4.5 Marks)
2. Modern Bakery Company was expecting to earn a profit of 15% on Cost of Production. You are required to identify from the cost sheet whether the company has earned the profit as per their expectations or not. If not find out the difference in profit which the company has earned and the company has expected. (0.5 Mark)

urgent answer!

performance evaluation assist decision-makers to determine who should receive pay increase, transfer, promotions, demotion or retrenchment.

a) Explain the above statement using examples
b) Discuss and explain which appraisal method you think would be the most ideal for a training institution like a University.

Goodwill and Reported Net Income

An income statement is a report on a company’s financial performance over a period of time. The measure of an amount that a company has earned during a period of time is known as net income.

The income statement is the financial representation of the operating activities of a company during a period of time. Net income is the measure of an amount that a company has earned during a period of time. In an income statement the line items of revenues, expenses, gains, and losses in a bid provide an explanation of how a firm earned its net income.

Instructions

1. What is goodwill?

2. When should a firm measure it and how does it affect that firm’s reported net income, if at all?

Consultex, Inc., was founded in 2015 as a small financial consulting business. The company had done reasonably well in 2015–2017 but started noticing its cash dwindle early in 2018. In January 2018, Consultex had paid $15,000 to purchase land and repaid $3,000 principal on an existing promissory note. In March, the company paid $1,800 cash for dividends and $1,000 to repurchase and eliminate Consultex stock that had previously been issued for $1,000. To improve its cash position, Consultex borrowed $4,800 by signing a new promissory note in May and also issued stock to a new private investor for $11,800 cash. Year-end comparative balance sheets and income statements are presented below.

Prepare a properly formatted Statement of Cash Flows for Consultex, Inc., for the year ended October 31, 2018 (using the indirect method). (Amounts to be deducted should be indicated with a minus sign.)