Uncollectible Accounts—Percentage of Sales and Percentage of Receivables

At the end of the current year, the accounts receivable account of Glenn's Nursery Supplies has a debit balance of $390,000. Credit sales are $2,780,000. Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated uncollectible accounts. Assume the following independent conditions existed prior to the adjustment:

1. Allowance for Doubtful Accounts has a credit balance of $1,860.

a. The percentage of sales method is used and bad debt expense is estimated to be 1% of credit sales. If an amount box does not require an entry, leave it blank.

b. The percentage of receivables method is used and an analysis of the accounts produces an estimate of $30,330 in uncollectible accounts. If an amount box does not require an entry, leave it blank.

2. Allowance for Doubtful Accounts has a debit balance of $1,950.

a. The percentage of sales method is used and bad debt expense is estimated to be ¾ of 1% of credit sales. If an amount box does not require an entry, leave it blank.

b. The percentage of receivables method is used and an analysis of the accounts produces an estimate of $29,890 in uncollectible accounts. If an amount box does not require an entry, leave it blank.

Uncollectible Accounts—Percentage of Sales and Percentage of Receivables

At the end of the current year, the accounts receivable account of Parker's Nursery Supplies has a debit balance of $344,120. Credit sales are $2,658,000. Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated uncollectible accounts. Assume the following independent conditions existed prior to the adjustment:

1. Allowance for Doubtful Accounts has a credit balance of $1,985.

a. The percentage of sales method is used and bad debt expense is estimated to be 1% of credit sales. If an amount box does not require an entry, leave it blank.

b. The percentage of receivables method is used and an analysis of the accounts produces an estimate of $23,690 in uncollectible accounts. If an amount box does not require an entry, leave it blank.

2. Allowance for Doubtful Accounts has a debit balance of $1,160.

a. The percentage of sales method is used and bad debt expense is estimated to be ¾ of 1% of credit sales. If an amount box does not require an entry, leave it blank.

b. The percentage of receivables method is used and an analysis of the accounts produces an estimate of $22,330 in uncollectible accounts. If an amount box does not require an entry, leave it blank.

11.The price elasticity of supply is

Capital Expenditures Budget

On January 1, 20Y6, the controller of Omicron Inc. is planning capital expenditures for the years 20Y6–20Y9. The following interviews helped the controller collect the necessary information for the capital expenditures budget:

Director of Facilities: A construction contract was signed in late 20Y5 for the construction of a new factory building at a contract cost of $10,000,000. The construction is scheduled to begin in 20Y6 and be completed in 20Y9.

Vice President of Manufacturing: Once the new factory building is finished, we plan to purchase $1.5 million in equipment in late 20Y7. I expect that an additional $200,000 will be needed early in the following year (20Y8) to test and install the equipment before we can begin production. If sales continue to grow, I expect we'll need to invest another $1,000,000 in equipment in 20Y9.

Chief Operating Officer: We have really been growing lately. I wouldn't be surprised if we need to expand the size of our new factory building in 20Y9 by at least 35%. Fortunately, we expect inflation to have minimal impact on construction costs over the next four years. Additionally, I would expect the cost of the expansion to be proportional to the size of the expansion.

Director of Information Systems: We need to upgrade our information systems to wireless network technology. It doesn't make sense to do this until after the new factory building is completed and producing product. During 20Y8, once the factory is up and running, we should equip the whole facility with wireless technology. I think it would cost us $800,000 today to install the technology. However, prices have been dropping by 25% per year, so it should be less expensive at a later date.

Chief Financial Officer: I am excited about our long-term prospects. My only short-term concern is managing our cash flow while we expend the $4,000,000 of construction costs in 20Y6 and $6,000,000 in 20Y7 on the portion of the new factory building scheduled to be completed in 20Y9.

Use this interview information to prepare a capital expenditures budget for Omicron Inc. for the years 20Y6–20Y9.

Windsor Company was incorporated on January 2, 2018, but was unable to begin manufacturing activities until July 1, 2018, because new factory facilities were not completed until that date.

The Land and Buildings account reported the following items during 2018.

January 31 Land and building $165,900

February 28 Cost of removal of building 9,973

May 1 Partial payment of new construction 63,430

May 1 Legal fees paid 4,630

June 1 Second payment on new construction 48,600

June 1 Insurance premium 2,280

June 1 Special tax assessment 4,310

June 30 General expenses 36,249

July 1 Final payment on new construction 30,570

December 31 Asset write-up 56,497

Total 422,439

December 31 Depreciation-2018 at 1% (3,613 )

December 31, 2018 Account balance $418,826

The following additional information is to be considered.

1. To acquire land and building, the company paid $85,900 cash and 800 shares of its 8% cumulative preferred stock, par value $100 per share. Fair value of the stock is $106 per share.

2. Cost of removal of old buildings amounted to $9,973, and the demolition company retained all materials of the building. 3. Legal fees covered the following.

Cost of organization $710

Examination of title covering purchase of land 1,450

Legal work in connection with construction contract 2,470

Total $4,630

4. Insurance premium covered the building for a 2-year term beginning May 1, 2018.

5. The special tax assessment covered street improvements that are permanent in nature.

6. General expenses covered the following for the period from January 2, 2018, to June 30, 2018.

President’s salary $32,162

Plant superintendent’s salary-supervision of new building 4,087 $36,249

7. Because of a general increase in construction costs after entering into the building contract, the board of directors increased the value of the building $56,497, believing that such an increase was justified to reflect the current market at the time the building was completed. Retained earnings was credited for this amount.

8. Estimated life of building-50 years. Depreciation for 2018-1% of asset value (1% of $361,300, or $3,613).

Future of Power Systems in Saskatchewan (minimum of 7 pages, maximum of 12 pages less references, ToC, etc.) which discusses:

The current energy generation portfolio of Saskatchewan (as of Dec 2018)

- The options available for conventional (fossil fuel/hydro electric) generation in the future

- The options available for renewable, or near zero emission generation in the future

For each of your main points, discuss in terms of:

- Economics

– both capital cost and operating cost

- Environmental impacts –

- Are there any opportunities or issues related to first nations interests in Saskatchewan

Background
Hotel One is one of the two hotels serving Dayville, a small town in the US Midwest. Fifty percent of its customers are out-of-town visitors to the local college, 30 percent are visiting Dayville for business purposes, and the remaining 20 percent of Hotel One’s customers are leisure travelers. The hotel is within one mile from campus, approximately four miles from the city center, and eight miles from the airport. It is easy to reach by car, taxi, or city bus. You are a manager of Hotel One. Your facility consists of 150 rooms, all of which are standard rooms with two double beds. Your only competitor in Dayville, The Other Hotel, has fewer rooms (100), but 20 of their rooms are luxury suites with king beds and a sofa couch (the other 80 are standard rooms with two double beds). This is the extent of the information provided to you at this point.

Assignment
In order to better understand your unit’s operating environment, you are asked to provide your estimate of the demand equation that would account for various factors that affect your customer traffic. This will be done by using regression techniques. The first step in estimating a demand equation is to determine what variables will be used in the regression. Please provide detailed answers to the following questions:
1. What do you think should be the dependent variable in your demand equation? What units of measurement for that variable are you going to adopt? Please provide a detailed explanation for these choices.
2. Please request information about up to five independent (explanatory) variables for your demand equation. For each variable you request, (i) provide reasons why you expect it to be
important for your analysis and (ii) explain the expected sign of the relationship between the proposed independent variable and your proposed dependent variable.
3. Show the exact demand equation you are proposing to estimate.

Project Description The BlueMont chain hotels have 4 different types of room: Single room: $60/night Double room: $75/night King room: $100/night Suite room: $150/night The size of the hotel chains in different locations may be different in terms of the number of floors and the type and the number of rooms on each floor. You are required to write a program that calculates the occupancy rate and the total hotel income for one night and displays this information as well as some other information described below. The program starts by asking the location where this hotel chain is located and the number of floors in the hotel. The number of floors may not exceed 5. The User then enters the total number of rooms for each floor. The program then asks specifically the number of occupied rooms for each room type on this floor. The total number of rooms on each floor may not exceed 30 and the program should check that the total number of occupied rooms on each floor does not exceed the total of rooms on that floor. After the information is entered for each floor, the program calculates the following: - Hotel income (based on the room type and its rate), - The total number of occupied rooms, - Total number of the uncopied rooms, - The rate of occupancy, - Floor number with the minimum number of rooms. (Assume no two floors have the same number of rooms). - A message to improve the occupancy rate for the occupancy rate of less than 60%. - Programmer’s full name - Project number - Project due date Project Specifications -Use constant variables to hold room rates, max and min # of floors and rooms. -The program should continuously ask for the correct floor number if it is not within the range of 1 and 5. -The program should continuously ask for the correct number of rooms for each floor if it is not within the range of 1 and 30. -The program should repeat the process of asking the number of rooms on the floor and number of occupied rooms if the total number of occupied rooms exceeds the total number of rooms on the floor. Refer to Sample outputs for more clarification.

Project Description

The BlueMont chain hotels have 4 different types of room:

Single room: $60/night

Double room: $75/night

King room:   $100/night

Suite room: $150/night

The size of the hotel chains in different locations may be different in terms of the number of floors and the type and the number of rooms on each floor.

You are required to write a program that calculates the occupancy rate and the total hotel income for one night and displays this information as well as some other information described below.

The program starts by asking the location where this hotel chain is located and the number of floors in the hotel. The number of floors may not exceed 5. The User then enters the total number of rooms for each floor. The program then asks specifically the number of occupied rooms for each room type on this floor. The total number of rooms on each floor may not exceed 30 and the program should check that the total number of occupied rooms on each floor does not exceed the total of rooms on that floor.

After the information is entered for each floor, the program calculates the following:

- Hotel income (based on the room type and its rate),

- The total number of occupied rooms,

- Total number of the uncopied rooms,

- The rate of occupancy,

- Floor number with the minimum number of rooms. (Assume no two floors have the same number of rooms).

- A message to improve the occupancy rate for the occupancy rate of less than 60%.

- Programmer’s full name

- Project number

- Project due date

Project Specifications

-Use constant variables to hold room rates, max and min # of floors and rooms.

-The program should continuously ask for the correct floor number if it is not within the range of 1 and 5.

-The program should continuously ask for the correct number of rooms for each floor if it is not within the range of 1 and 30.

-The program should repeat the process of asking the number of rooms on the floor and number of occupied rooms if the total number of occupied rooms exceeds the total number of rooms on the floor.

Many hotels have begun a conservation program that encourages guests to re-use towels rather than have them washed on a daily basis. A recent study examined whether one method of encouragement might work better than another. Different signs explaining the conservation program were placed in the bathrooms of the hotel rooms, with random assignment determining which rooms received which sign. One sign mentioned the importance of environmental protection, whereas another sign claimed that 75% of the hotel’s guests choose to participate in the program. The researchers suspected that the latter sign, by appealing to a social norm, would produce a higher proportion of hotel guests who agree to re-use their towels. Researchers used the hotel staff (a mid-sized, mid-priced hotel in the Southwest that was part of a well-known national hotel chain) to record whether guests staying for multiple nights agreed to reuse their towel after the first night.

(a) Identify the observational units, explanatory variable, and response variable in this study.

(b) State the null and alternative hypotheses in symbols, and be sure to define the parameter in the context of this study.

The following table displays the observed data in this study:

(c) Calculate the conditional proportions of re-use in each group.

(e) Use a two-sample z-test to test the hypotheses that you stated in (a). Report the test statistic and p-

value.

(f) Report your test decision at the α = 0.10, 0.05, and 0.01 significance levels. Also summarize what

these test decisions reveal about the strength of evidence for the researchers’ conjecture.

(g) Produce and interpret a 90% confidence interval for the difference in probabilities of re-using towels

between these two signs.