Customers arrive at a movie theater at the advertised movie time only to find that they have to sit through several previews and prepreview ads before the movie starts. Many complain that the time devoted to previews is too long. A preliminary sample conducted by The Wall Street Journal showed that the standard deviation of the amount of time devoted to previews was four minutes. Use that as a planning value for the standard deviation in answering the following questions.

a. If we want to estimate the population mean time for previews at movie theaters with a margin of error of 69 seconds, what sample size should be used? Assume 95% confidence.

b. If we want to estimate the population mean time for previews at movie theaters with a margin of error of 1 minute, what sample size should be used? Assume 95% confidence.

The theater of the city of Mayaguez has a popular concert in schedule and has decided to sells tickets by phone. For that, it needs to decide how many operators to hire for the sale. On one hand, it doesn't want the customers to wait too long, but on the other hand the operators are expensive. The data the manager has collected from previous concerts is as follows.

Operators Wait Time

4 385

5    335

6 383

7 344

8 288

Specifically, we want to find whether there is a significant linear correlation between the variables.

In this case, if management wants a lower waiting time, it would to need to have:

The theater of the city of Mayaguez has a popular concert in schedule and has decided to sells tickets by phone. For that, it needs to decide how many operators to hire for the sale. On one hand, it doesn't want the customers to wait too long, but on the other hand the operators are expensive. The data the manager has collected from previous concerts is as follows.

Specifically, we want to find whether there is a significant linear correlation between the variables

The new manager of a theater plans to offer discounts to increase the number of tickets sold for shows on Monday and Tuesday evenings. She uses a sample of 30 weeks to record the number of tickets sold on these two days. A portion of the data is shown in the accompanying table.  

a) Using excel Produce a 95% CI for the mean number of tickets sold for shows on Monday evening, using the format discussed in class. The dataset descriptions for this question may be inadequate. As you answer this question 'warn" about important missing information in your conditions assessment. Once you have completed your conditions assessment clearly list any assumptions that need to be made. After you list the required assumptions – if any - presume that everything is OK, and answer the rest of the question.

b) Is there any evidence that the population mean differs from 200 for shows on Monday evenings?

Customers arrive at a movie theater at the advertised movie time only to find that they have to sit through several previews and pre-preview ads before the movie starts. Many complain that the time devoted to previews is too long.† A preliminary sample conducted by The Wall Street Journal showed that the standard deviation of the amount of time devoted to previews was 6 minutes. Use that as a planning value for the standard deviation in answering the following questions. (Round your answers up to the nearest whole number.)

(a)

If we want to estimate the population mean time for previews at movie theaters with a margin of error of 105 seconds, what sample size should be used? Assume 95% confidence.

(b)

If we want to estimate the population mean time for previews at movie theaters with a margin of error of 1 minute, what sample size should be used? Assume 95% confidence.

Obtain the most recent annual report for JC Penney find reports via the internet.

1. List the total dollar value of the inventory for 2 years on balance sheet presented in the annual report.

2. Compute the percentage of inventories to total assets for 2 years of your annual report’s balance sheets and assess the results.

c. List the Cost of Goods Sold and the Gross Profit for your company for 2 years in income statement appearing in the annual report.

i. Calculate the percentage of Cost of Goods Sold to Net Sales and the percentage of Gross Profit to Net Sales for 2 periods and assess the results

d. Analyze/assess/discuss your findings.

Winx Company began operations at the beginning of 2018.

The following information is available for this company:

• Pretax financial income for 2018 is $300,000.

• Differences between the 2018 income statement and tax return include:

- Depreciation on property, plant and equipment for financial reporting purposes was $20,000 lower than for tax purposes.

- Gross profit on construction contracts using the percentage-of-completion method equaled $82,000 in the company’s books. Gross profit on construction contracts for tax purposes was $67,000.

- Warranty expense accrued for financial reporting purposes was $39,000. Warranty deductions per the tax return amounted to $34,000.

- Revenue received in advance was recorded at $150,000 for tax purposes. Only $120,000 was earned for financial reporting purposes.

- A $7,000 fine paid for violation of pollution laws was deducted in computing pretax financial income.

- Interest revenue recognized on an investment in tax-exempt municipal bonds amounted to $11,000.

• The applicable tax rate is 20%.

• Taxable income is expected for the next few years.

Instructions:

a) For each of the differences above, calculate the dollar amount of the difference and identify if it is a temporary difference or permanent difference.

b) Compute taxable income for 2018.

c) Compute the deferred tax assets and liabilities at December 31, 2018 that relate to the temporary differences described above.

Geyser Company began operations in 2017 and has provided the following information.

1. Pretax financial income for 2017 is $200,000.
2. The tax rate enacted for 2017 and future years is 40%.
3. Differences between the 2017 income statement and tax return are listed below:
   1. Warranty expense accrued for financial reporting purposes amounts to $10,000. Warranty deductions per the tax return amount to $4,000.
   2. Gross profit on construction contracts using the percentage-of-completion method for book purposes amounts to $184,000. Gross profit on construction contracts for tax purposes amounts to $124,000.
   3. Depreciation of property, plant, and equipment for financial reporting purposes amounts to $60,000. Depreciation of these assets amounts to $80,000 for the tax return.
   4. A $3,500 fine paid for violation of pollution laws was deducted in computing pretax financial income.
   5. Interest revenue earned on an investment in tax-exempt municipal bonds amounts to $1,400.
4. Taxable income is expected for the next few years.

Provided with this assignment is the Excel workbook containing the spreadsheets you will need for this exercise.

Use the spreadsheet Journal Entries to prepare the journal entry to record income tax expense, deferred taxes, and income taxes payable for 2017.

Draft the income tax expense section of the income statement, beginning with “Income before income taxes”.