Minta Corporation is a leading manufacturer of sports apparel, shoes, and equipment. The company’s 2017 financial statements contain the following information ($ in millions):

A note disclosed that the allowance for uncollectible accounts had a balance of $30 million and $54 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $51 million. Assume that all sales are made on a credit basis.

Required:
1. What is the amount of gross (total) accounts receivable due from customers at the end of 2017 and 2016?
2. What is the amount of bad debt write-offs during 2017?
3. Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2017.
4. Analyze changes in net accounts receivable to calculate the amount of cash received from customers during 2017.
  

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.

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

1. c-1. State the decision rule for 0.10 significance level: H₀: ρ ≤ 0; H₁: ρ > 0. (Round your answer to 3 decimal places.)

2. c-2. Compute the value of the test statistic. (Round your answer to 2 decimal places.)

3. c-3. Is it reasonable to conclude that there is a positive relationship between revenue and occupied rooms? Use the 0.10 significance level.

1. Two types of customers make up the market for Armoyas. There are 100 type A customers, each of whom is willing to pay up to $10 for an Armoya. There are 50 type B customers, each willing to pay up to $8 for an Armoya. No customer wishes to buy more than a single Armoya. The monopolist cannot differentiate between the types of customer. The average and marginal cost of production is constant at $6/Armoya.

a)What is the selling price of the good, and how much profit does the monopolist make?

b) The monopolist is offered the opportunity to advertise Armoyas at a cost of $80. The advertisement is predicted to attract another 100 type B customers. Will the advertisement be placed? What is the selling price of the good, and how much profit does the monopolist make?

c) Suppose the advertisement attracts no new customers, but raises the price all existing customers are willing to pay by $1. Will the advertisement be placed? What is the selling price of the good, and how much profit does the monopolist make?

1. Two types of customers make up the market for Armoyas. There are 80 type A customers, each of whom is willing to pay up to $10 for an Armoya. There are 40 type B customers, each willing to pay up to $8 for an Armoya. No customer wishes to buy more than a single Armoya. The monopolist cannot differentiate between the types of customer. The average and marginal cost of production is constant at $6/Armoya.
   
2. 1. What is the selling price of the good, and how much profit does the monopolist make?
      
   2. The monopolist is offered the opportunity to advertise Armoyas at a cost of $80. The advertisement is predicted to attract another 100 type B customers. Will the advertisement be placed? What is the selling price of the good, and how much profit does the monopolist make?
      
   3. Suppose the advertisement attracts no new customers, but raises the price all existing customers are willing to pay by $1. Will the advertisement be placed? What is the selling price of the good, and how much profit does the monopolist make?

Pls do not handwritten for easy reading === ===
Question:-
1a) The Singapore "Conceptual Framework for Financial Reporting" on qualitative characteristics deals with the attributes that make financial information useful.
Explain the following 2 qualitative characteristics: (i) Relevance and (ii) Verifiability
1b)Under FRS 115 Revenue from contracts with customers an entity recognizes revenue over time when it transfers control of a good or service over time and, therefore, satisfies a performance obligation over time. For measuring progress towards complete satisfaction of a performance obligation over time, the entity can choose to use the output or input method. Explain and illustrate with suitable examples of what these methods are.

Draw the pic

1. The probability that a customer will purchase today’s special, the “Never Been Feta” burger, is 0.27. Given that 9 customers are currently in line waiting to order, respond to the following:

a) What is the probability that exactly 5 specials will be sold to this set of customers?

         b) Determine the expected number of specials that will be sold.

            c) Calculate the standard deviation for this probability distribution.

2) It is known that at major sporting events only 60% of persons that use the washroom during a break in the action will wash their hands. Assuming that you had observed 14 people leave the washroom, answer the following:

a) The probability that exactly 4 of these people have washed their hands.

b) The probability that more than 10 of these people have washed their hands.

c) The probability that at least 4 of these people will have washed their hands.

d) The expected value for this probability distribution.

3) Based on years of historical data, the salary research firm, HR Pufnstuf, states that the annual salary for a Marketing Manager working on Living Island follows a normal distribution with a mean of $62,000 and a standard deviation of $8,000. Given this information determine the following:

1. The probability that a randomly selected Marketing Manager on Living Island would earn an annual salary of more than $65,000.

       b) The probability that a Living Island Marketing Manager’s annual salary would be between $60,000 and $75,000.

3. The percent of Marketing Manager’s on Living Island with an annual salary of less than $80,000.

4. The probability that any given Marketing Manager’s annual salary on Living Island would be between $75,000 and $85,000.
5. The 95th percentile, i.e. annual salary above which 5% of the Living Island’s Marketing Manager’s would earn.

4) It is known that the average age of major league baseball players is 28.3 years with a population standard deviation of 2.8 years. Determine the probability that the average age of 36 randomly selected National League baseball players is less than 27 years of age?

3. Collateralized Debt Obligations (CDOs)

(a) are Asset-Backed Securities (ABS) that are based only on sub-prime mortgage loans in the U.S.

(b) are not usually rated by rating agencies as the underlying default-free government securities act as collaterals.

(c) are structured in tranches according to the underlying risk characteristics.

(d) (a) and (b) of the above

(e) (b) and (c) of the above

4. Which of the following was NOT a contributing factor to the sub-prime debt crisis in the U.S.?

(a) The series of cuts in the U.S. official interest rate from late 2001 to reach the level of 1% by early 2004.

(b) The unregulated growth of the CDO market in the U.S..

(c) The unregulated sub-prime mortgage market in the U.S. that constantly supplied assets to be securitized.

(d) The Quantitative easing that led to a four-fold increase in the U.S. money base between Dec 2008 to Apr 2014.

(e) Increased demand for higher-yielding AAA rated USD dollar denominated financial assets.

5. Home equity in relation to the mortgage loan market refers to

(a) The difference between the current market price of the mortgaged house and the remaining amount in the mortgage loan.

(b) The difference between the purchase price of the mortgaged house and the remaining amount in the mortgage loan.

(c) The difference between the face value of the mortgage loan and the remaining amount in the mortgage loan.

(d) The difference between the purchase price and the current market price of the mortgaged house.

(e) None of the above is true

According to the National Bureau of Economic Research, the lengths of business cycles from 1919 to 1995, measured from trough to trough (a trough is the low point) in months, were 61 38 46 50 74 73 98 58 65 44 127 62 74 38 110 57 Find the Standard Deviation, mean, median, mode, and midrange

Suppose a company provides services to customers in the current period but does not collect cash from those customers. How will the basic accounting equation be affected in the current year?

On May 1, 2016, a company paid $9,000 for insurance to cover the next 12 months. On December 31, 2016, what adjusting entry does the company need to make for its year-end financial statements?

On July 16, a company received cash from a customer for services that were provided in June. Which of the following should be recorded on July 16?

The ending balance of retained earnings represents: