SS_between. (Round your answer to one decimal place.)
  

SS_within. (Round your answer to one decimal place.)


State the F statistic. (Round your answer to four decimal places.)

Problem#: Consider the data shown. Assume that the specifications on this component are 74.05 and 73.95 mm. (a)Estimate process capability for the piston-ring process, for both C_p &C_pk and Estimate the percentage of piston rings produced that will be outside of the specifications?

On January 1, 2020, the ledger of Bramble Company contains the following liability accounts.

During January, the following selected transactions occurred.

On January 1, 2021, Red Flash Photography had the following balances: Cash, $23,000; Supplies, $9,100; Land, $71,000; Deferred Revenue, $6,100; Common Stock $61,000; and Retained Earnings, $36,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $31,000. 2. May 20 Provide services to customers for cash, $46,000, and on account, $41,000. 3. August 31 Pay salaries to employees for work in 2021, $34,000. 4. October 1 Paid for one year's rent in advance, $23,000. 5. November 17 Purchase supplies on account, $33,000. 6. December 30 Pay dividends, $3,100. The following information is available on December 31, 2021: Employees are owed an additional $5,100 in salaries. Three months of the rental space has expired. Supplies of $6,100 remain on hand. All of the services associated with the beginning deferred revenue have been performed.

I just need the closing entries for the revenue accounts, the expense accounts and the dividends accounts

4. Toussaint Company issued 10,000 shares of its common stock in exchange for merchandise that it will resell. The merchandise had originally cost the other party $250,000 and had a fair value of $300,000 on the date of the exchange. The retail value of the inventory is $520,000. Toussaint Company is not publicly traded and cannot precisely determine the fair value of its stock. It has used some industry averages, however, and applied Black-Scholes-Merton and estimates the fair value of its stock to be about $28 per share. At what amount should the inventory be recorded?

Multiple Choice

$280,000

$250,000

$300,000

$520,000

5. Werth Company has 100,000 shares of $10 par value common stock and 5,000 shares of $100 par value 5% cumulative preferred stock outstanding. No dividends had been paid in either 2016 or 2017. Werth Company is planning to pay a cash dividend in 2018.

If the cash dividend is for $200,000 in total, how much will be received by common stockholders?

Multiple Choice

$125,000

$175,000

$140,000

$200,000

6. Maholm Company declared a cash dividend payable to common stockholders of record as of December 24, 2017. The dividend was declared on December 10, 2017 and will be paid on January 7, 2018. On what date or dates will stockholders’ equity decrease as a result of the dividend?

Multiple Choice

December 24, 2017 only

December 10, 2017 and January 7, 2018

December 10, 2017 only

January 7, 2018 only

7. Caradonna Company has 100,000 shares of $5 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $22 per share. On February 3, 2018, Caradonna repurchased 5,000 shares at $19 per share for the purposes of retiring them. On April 10, 2018, Caradonna repurchased an additional 2,000 shares at $25 per share. No other transactions involving common stock occurred during the year. What will be the balance in additional paid in capital from retired stock as a result of those transactions?

Multiple choice

$21,000

$15,000

$9,000

$0

American Surety and Fidelity buys and sells securities expecting to earn profits on short-term differences in price. For the first 11 months of 2018, gains from selling trading securities totaled $4 million, losses were $11 million, and the company had earned $5 million in investment revenue. The following selected transactions relate to American's trading account and equity securities investment account during December 2018, and the first week of 2019. The company's fiscal year ends on December 31. No trading securities were held by American on December 1, 2018.

A suburban hotel derives its revenue from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupied on a nightly basis and the revenue per day in the restaurant. Below is a sample of 25 days (Monday through Thursday) from last year showing the restaurant income and number of rooms occupied.

1. Determine the coefficient of correlation between the two variables. (Round your answer to 3 decimal places.)

Pearson Correlation:

2.

c-1. State the decision rule for 0.01 significance level: H₀: ρ ≤ 0; H₁: ρ > 0. (Round your answer to 3 decimal places.)

c-2. Compute the value of the test statistic.

D. What percent of the variation in revenue in the restaurant is accounted for by the number of rooms occupied? (Round your answer to 1 decimal place.)

________% of the variation in revenue is explained by variation in occupied rooms.

Joshua company had the following information in 2016.

Accts Rec 12/31/16.....$15000

Allowance for uncollected account 12/31/16 (before adjustment).....$950

credit service revenue during 2016.....$45000

Cash service revenue during 2016.....$15000

Collections from customers on account during 2016.......$45000

If uncollectible accounts are determined by the​ aging-of-receivables method to be $ 1 240​, the uncollectible account expense for 2016 would be $ 290. Using the​ aging-of-receivables method, the balance of the Allowance account after the adjusting entry at​ year-end 2016 would be

Interpreting Disclosure on Employee Stock Options
Assume Intel Corporation reported the following in its 2008 10-K report.
Share-Based Compensation Effective January 1, 2006, we adopted the provisions of SFAS No. 123(R) . . . Share-based compensation recognized in 2008 was $852 million ($952 million in 2007 and $1,375 million in 2006). We use the Black-Scholes option pricing model to estimate the fair value of options granted under our equity incentive plans and rights to acquire common stock granted under our stock purchase plan. We based the weighted average estimated values of employee stock option grants and rights granted under the stock purchase plan, as well as the weighted average assumptions used in calculating these values, on estimates at the date of grant, as follows:

Additional information with respect to stock option activity is as follows:

(a) What did Intel expense for share-based compensation for 2008? Answer

($ million) How many options did Intel grant in 2008?
Answer

(million shares)

Compute the fair value of all options granted during 2008. (Round your answer to one decimal place.)
Answer

($ million)

Why do the fair value of the option grants and the expense differ?

The expense in 2008 is the cost of current and prior years' option grants that vest in the current year.

The expense is net of tax and the fair value of the options is pretax.

The expense includes both the value of the options and the opportunity cost reflecting the higher price at which the shares could have been sold.

The expense is related to the current market price of the stock and the options are granted at historical costs.

1.00 points out of 1.00

(b) Intel used the Black-Scholes formula to estimate fair value of the options granted each year. How did the change in volatility from 2007 to 2008 affect share-based compensation in 2008? What about the change in risk-free rate?

The increase in the volatility estimate decreased share-based compensation expense and the decrease in the risk-free rate estimate decreased compensation expense.

The increase in the volatility estimate decreased share-based compensation expense and the decrease in the risk-free rate estimate increased compensation expense.

The increase in the volatility estimate increased share-based compensation expense and the decrease in the risk-free rate estimate decreased compensation expense.

The increase in the volatility estimate increased share-based compensation expense and the decrease in the risk-free rate estimate increased compensation expense.

1.00 points out of 1.00

(c) How many options were exercised during 2008?
Answer

million shares

Estimate the cash that Intel received from its employees when these options were exercised. (Round your answer to one decimal place.)
Answer

($ million)

(d) What was the intrinsic value per share of the options exercised in 2008? (Hint: Assume that Intel grants options at-the-money.)
$Answer

per share

If employees who exercised options in 2008 immediately sold them, what "profit" did they make from the shares? (Round your answer to one decimal place.)
Answer

($ million)

(e) The tax benefit that Intel will receive on the options exercised is computed based on the intrinsic value of the options exercised. Estimate Intel's tax benefit from the 2008 option exercises assuming a tax rate of 34.7%. (Round your answer to one decimal place.)
Answer

($ million)