The unemployments number of US for 2019 is 3.7%, and for the year 2010 is 9.7%

explain why we observe such a contrast.

Before shopping on-line became very popular with consumers a few years ago, 10% of retail outlets in Greece closed their doors each year (i.e., went out of business). A random sample of 200 retail outlets across Greece  which were open at the beginning of 2015 were randomly selected for a study. At the end of 2015, 25 or these outlets were no longer open. At the .10 level of significance, is there sufficient evidence that the proportion of all Grecian retail outlets that closed in 2019 is greater than the proportion that closed before shopping on-line became very popular? In answering this question, complete the following in the spaces provided (including diagrams):

Hypotheses

Test statistic

Decision rule

p-value

Conclusion

Problem 1: The following accounts relate to Fly-By-Night Airlines. Prepare the 4 necessary closing entries.

Depreciation Expense                                       $330

Fees Earned                                                       23450

Fly-By-Night Drawing                                          6000

Insurance Expense                                                 300

Miscellaneous Expense                                         450

Rent Expense                                                         1600

Salary Expense                                                       1620

Supplies Expense                                                     850

Problem 2:

Indicate which of the following accounts of the ABC Co. should be closed (temporary or nominal accounts are closed)

Accounts Payable                                                                       Fees Earned

Accumulated Depreciation-Equipment                                  Land

Depreciation Expense-Equipment                                           Supplies

Equipment                                                                                    Supplies Expense

ABC, Capital                                                                                  Wages Expense

ABC, Drawing                                                                                Wages Payable

Remember: Balance Sheet accounts (real or permanent accounts) are not closed

Consider a pipe that is closed at one end. Sketch the standing wave pattern in each of the following situations; showing the regions of high and low air pressure variations (pressure antinodes and pressure nodes). Then formulate equations that relate the wavelength and frequency to the length of the pipe.

A. Tube with one end open ("closed tube"): fundamental

B. Tube with one end open ("closed tube"): first overture (3rd harmonic)

C. Find the ratio of the first overture and fundamental frequencies

D. Tube with both ends open ("open tube"): fundamental

E. Tube with both ends open ("open tube"): first overture (2nd harmonic)

F. Find the ratio between fundamental and first overture frequencies

James International is in the construction business. In 2010, it is expected that 30 percent of a month's sales will be received in cash, with the balance being received the following month. Of the purchases, 50 percent are paid the following month, 40 percent are paid in two months, and the remaining 10 percent are paid during the month of purchase.

The sales force receives $1,500 a month base pay plus a 4 percent commission. Labor expenses are expected to be $4,000 a month. Other operating expenses are expected to run about $4,500 a month, including $500 for depreciation. The ending cash balance for 2009 was $18,000.

a. Prepare a cash budget and determine the projected ending cash balances for the first three months of 2010.
b. Determine the months that the company would either borrow or invest cash.

A company receives a government grant of $600,000 on 1 April 2007 to facilitate purchase on the same day of an asset which costs $900,000. The asset has a five year useful life and is depreciated on a 40% reducing balance basis. Company policy is to account for all grants received as deferred income. Required: 1. What amount of income will be recognized in respect of the grant in the year to 31 March 2010? 2. Refer to original data. What amount of income will be recognized in respect of the grant in the year to 31 March 2010 if the company accounted for the grant on a straight-line basis with a useful life of 4 years instead of a 40% reducing balance basis? 3. Refer to original data. What amount of depreciation will be recognized in respect of the asset in the year to 31 March 2010 if the company accounted for the grant by deducting the grant in arriving at the carrying amount of the asset instead of accounting for the grants received as deferred income?

Sensitron and Douglas Tools manufacture and market power tools and accessories. Sensitron targets customers in the professional contractor market, while Douglas Tools focuses on home users and professionals. Both firms use the same cost flow assumption for valuing inventories and cost of goods sold. Selected financial data for the companies appears below. Sensitron 2010 2009 2008 Cost of Goods Sold $1,144,200 $1,134,100 $1,169,400 Average Inventory 372,550 397,050 436,870 Change in Sales from previous year 0.64% -3.68% 11.83% ​ ​ ​ ​ Douglas Tools 2010 2009 2008 Cost of Goods Sold $2,876,100 $2,846,600 $2,889,000 Average Inventory 730,550 778,100 797,500 Change in Sales from previous year 3.50% -5.12% 0.59% Required: 1. Calculate the inventory turnover ratio for each firm for year 2010, 2009, and 2008. 2. Suggest reasons for the differences in the Inventory turnover ratios for these two firms.

Cycle Wholesaling sells merchandise on credit terms of 2/10, n/30. A sale for $1,050 (cost of goods sold of $625) was made to Sarah’s Cycles on February 1. Assume Cycle Wholesaling uses a perpetual inventory system. Required: 1. to 3. Record the entry for sales, cost of goods sold and cash collected on February 9 and March 2. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

1. Give the journal entry Cycle Wholesaling would make to record the sale to Sarah's Cycles.
2. Give the journal entry to record the collection of the account, assuming it was collected in full on Feb 9, 2010.
3. Give the journal entry, assuming, instead, that the account was collected in full on march 2, 2010.
4. Calculate the gross profit percentage for the sale to Sarah's Cycles, assuming the account was collected in full on Feb 9, 2010.