Today, April 1^st 2020, I put $1000 into the bank. Every month thereafter I added the same amount, plus $20 more than the month before (i.e. $1020, $1040, $1060, etc.) If the sign on the door of my bank says they pay 6% nominal yearly interest, how much will I be able to take out of the bank on January 1^st, 2023. Draw a cash-flow diagram.

On June 1, 2020, Jill Bow and Aisha Adams formed a partnership to open a gluten-free commercial bakery, contributing $287,000 cash and $374,000 of equipment, respectively. The partnership also assumed responsibility for a $47,000 note payable associated with the equipment. The partners agreed to share profits as follows: Bow is to receive an annual salary allowance of $157,000, both are to receive an annual interest allowance of 5% of their original capital investments, and any remaining profit or loss is to be shared 40/60 (to Bow and Adams, respectively). On November 20, 2020, Adams withdrew cash of $107,000. At year-end, May 31, 2021, the Income Summary account had a credit balance of $450,000. On June 1, 2021, Peter Williams invested $127,000 and was admitted to the partnership for a 20% interest in equity.

Required:
1. Prepare journal entries for the following dates.

a. June 1, 2020

b. November 20, 2020

c. May 31, 2021

d. June 1, 2021

2. Calculate the balance in each partner’s capital account immediately after the June 1, 2021, entry.

On June 1, 2020, Jill Bow and Aisha Adams formed a partnership to open a gluten-free commercial bakery, contributing $282,000 cash and $364,000 of equipment, respectively. The partnership also assumed responsibility for a $42,000 note payable associated with the equipment. The partners agreed to share profits as follows: Bow is to receive an annual salary allowance of $152,000, both are to receive an annual interest allowance of 5% of their original capital investments, and any remaining profit or loss is to be shared 40/60 (to Bow and Adams, respectively). On November 20, 2020, Adams withdrew cash of $102,000. At year-end, May 31, 2021, the Income Summary account had a credit balance of $400,000. On June 1, 2021, Peter Williams invested $122,000 and was admitted to the partnership for a 20% interest in equity.

Required:
1. Prepare journal entries for the following dates.

a. June 1, 2020

b. November 20, 2020

c. May 31, 2021

d. June 1, 2021

2. Calculate the balance in each partner’s capital account immediately after the June 1, 2021, entry.

The financial statements of Lewis Limited appear below:

LEWIS LIMITED

Comparative statement of financial positions

31 December

                                                                                                                        2020                 2019   

Assets

Cash                                                                                                     $ 44,000             $ 23,000

Accounts receivable    26,000                34,000

Merchandise inventory 20,000                15,000

Property, plant, and equipment 50,000                78,000

Accumulated depreciation   (20,000) (24,000)

         Total                                                                                          $120,000             $126,000

Liabilities and equity

Accounts payable                                                                      $ 15,000             $ 23,000

Income taxes payable                                                                  13,000                  8,000

Notes payable 7,000                33,000

Ordinary shares    41,000                24,000

Retained earnings    44,000                 38,000

         Total $120,000    $126,000

LEWIS LIMITED

Income statement

for the year ended 31 December 2020

Sales                                                                                                                                   $350,000

Cost of sales                                                                                                                       280,000

Gross profit 70,000

Selling expenses $20,000

Administrative expenses                                                                    16,000           36,000

Income from operations 34,000

Interest expense                                                                                                                    4,000

Income before income taxes 30,000

Income tax expense                                                                                                            10,000

Profit after income tax                                                                                                   $ 20,000

The following additional data were provided:

1. Dividends declared and paid were $14,000.
2. During the year equipment was sold for $12,000 cash. This equipment cost $28,000 originally and had a carrying amount of $12,000 at the time of sale.
3. All depreciation expense is in the selling expense category.
4. All sales and purchases are on account.
5. Accounts payable pertain to merchandise suppliers.
6. All operating expenses except for depreciation were paid in cash.

Required:

Prepare a statement of cash flows for Lewis Limited using the direct method.

1. In March 2020, Ana buys a house worth $440,000 in Florida. She puts 5% down and takes out a mortgage loan for the rest of the balance. In May 2020, Ana decides to add John to the deed of the house as joint owner. John gives Ana $18,000 to help her recoup some of the costs of the purchase and agrees to pay half of the mortgage, but, is not placed on the mortgage loan.

For this question, assume that both John and Ana live in and are residents of Florida, and are not married. In addition, John and Ana have no relation to each other except that they are boyfriend and girlfriend and have not lived together before, nor do they have any children together. After the transaction is effected, they plan to live together in the house purchased by Ana. However, there are no immediate plans to get married.

Explain the tax implications of this transaction.

Please provide as much information as possible to help me determine the reason behind your answer and so that I may give you partial credit. Some questions to consider:

1. Is there a gift tax associated with this transaction?
2. Who pays the gift tax?
3. What other tax consequences are there to consider (deed transfer tax, title transfer exemptions, shared property tax responsibilities, etc.)?
4. Does the mortgage impact the amount of the gift?
5. If there are tax implications, when are they required to pay them (i.e., deed transfer tax, gift tax, real property taxes, etc.)?

2. Same as above, except John was not providing Ana $18,000. However, he did agree to pay half the mortgage with her. Does this change anything?

1. In March 2020, Ana buys a house worth $440,000 in Florida. She puts 5% down and takes out a mortgage loan for the rest of the balance. In May 2020, Ana decides to add John to the deed of the house as joint owner. John gives Ana $18,000 to help her recoup some of the costs of the purchase and agrees to pay half of the mortgage, but, is not placed on the mortgage loan.

For this question, assume that both John and Ana live in and are residents of Florida, and are not married. In addition, John and Ana have no relation to each other except that they are boyfriend and girlfriend and have not lived together before, nor do they have any children together. After the transaction is effected, they plan to live together in the house purchased by Ana. However, there are no immediate plans to get married.

Explain the tax implications of this transaction.

Please provide as much information as possible to help me determine the reason behind your answer and so that I may give you partial credit. Some questions to consider:

1. Is there a gift tax associated with this transaction?
2. Who pays the gift tax?
3. What other tax consequences are there to consider (deed transfer tax, title transfer exemptions, shared property tax responsibilities, etc.)?
4. Does the mortgage impact the amount of the gift?
5. If there are tax implications, when are they required to pay them (i.e., deed transfer tax, gift tax, real property taxes, etc.)?
6. Same as above, except John was not providing Ana $18,000. However, he did agree to pay half the mortgage with her. Does this change anything?

A. Explain which model in the “Data and Graphs” attachment is most accurate, based only on their graphical qualities and R² values, which can both be found in the “Data and Graphs” attachment.

Note: R² is the square of the correlation coefficient between the data and the model.

B. Given that the actual U.S. Population in 2010 was 308.75 million, explain which of the following models is most accurate, including computations of the relative errors, based only on the following U.S. population predictions in millions by each model for the year 2010:

• linear: 242.89

• exponential: 515.34

• quadratic: 304.36

• third-degree polynomial: 308.22

• fourth-degree polynomial: 311.96

A. Explain which model in the “Data and Graphs” attachment is most accurate, based only on their graphical qualities and R² values, which can both be found in the “Data and Graphs” attachment.

Note: R² is the square of the correlation coefficient between the data and the model.

B. Given that the actual U.S. Population in 2010 was 308.75 million, explain which of the following models is most accurate, including computations of the relative errors, based only on the following U.S. population predictions in millions by each model for the year 2010:

• linear: 242.89

• exponential: 515.34

• quadratic: 304.36

• third-degree polynomial: 308.22

• fourth-degree polynomial: 311.96

A. Explain which model in the “Data and Graphs” attachment is most accurate, based only on their graphical qualities and R² values, which can both be found in the “Data and Graphs” attachment.

Note: R² is the square of the correlation coefficient between the data and the model.

B. Given that the actual U.S. Population in 2010 was 308.75 million, explain which of the following models is most accurate, including computations of the relative errors, based only on the following U.S. population predictions in millions by each model for the year 2010:

• linear: 242.89

• exponential: 515.34

• quadratic: 304.36

• third-degree polynomial: 308.22

• fourth-degree polynomial: 311.96

A. Explain which model in the “Data and Graphs” attachment is most accurate, based only on their graphical qualities and R² values, which can both be found in the “Data and Graphs” attachment.

Note: R² is the square of the correlation coefficient between the data and the model.

B. Given that the actual U.S. Population in 2010 was 308.75 million, explain which of the following models is most accurate, including computations of the relative errors, based only on the following U.S. population predictions in millions by each model for the year 2010:

• linear: 242.89

• exponential: 515.34

• quadratic: 304.36

• third-degree polynomial: 308.22

• fourth-degree polynomial: 311.96

A. Explain which model in the “Data and Graphs” attachment is most accurate, based only on their graphical qualities and R² values, which can both be found in the “Data and Graphs” attachment.

Note: R² is the square of the correlation coefficient between the data and the model.

B. Given that the actual U.S. Population in 2010 was 308.75 million, explain which of the following models is most accurate, including computations of the relative errors, based only on the following U.S. population predictions in millions by each model for the year 2010:

• linear: 242.89

• exponential: 515.34

• quadratic: 304.36

• third-degree polynomial: 308.22

• fourth-degree polynomial: 311.96

A. Explain which model in the “Data and Graphs” attachment is most accurate, based only on their graphical qualities and R² values, which can both be found in the “Data and Graphs” attachment.

Note: R² is the square of the correlation coefficient between the data and the model.

B. Given that the actual U.S. Population in 2010 was 308.75 million, explain which of the following models is most accurate, including computations of the relative errors, based only on the following U.S. population predictions in millions by each model for the year 2010:

• linear: 242.89

• exponential: 515.34

• quadratic: 304.36

• third-degree polynomial: 308.22

• fourth-degree polynomial: 311.96

A. Explain which model in the “Data and Graphs” attachment is most accurate, based only on their graphical qualities and R² values, which can both be found in the “Data and Graphs” attachment.

Note: R² is the square of the correlation coefficient between the data and the model.

B. Given that the actual U.S. Population in 2010 was 308.75 million, explain which of the following models is most accurate, including computations of the relative errors, based only on the following U.S. population predictions in millions by each model for the year 2010:

• linear: 242.89

• exponential: 515.34

• quadratic: 304.36

• third-degree polynomial: 308.22

• fourth-degree polynomial: 311.96

Question 9 (1 point)

To design a new advertising campaign, Ford Motor Company would like to estimate the proportion of drivers of the new Ford Fusion that are women. In a random sample of 90 Fusion owners, 50 of them were women. What is the 90% confidence interval estimating the proportion of all drivers who are women?

Question 9 options:

Question 10 (1 point)

The owner of a local supermarket believes the average number of gallons of milk the store sells per day is 311.2. In a random sample of 22 days, the owner finds that the average number of gallons sold was 281.3 with a standard deviation of 30.12. Using this information, the owner calculated the confidence interval of (270.3, 292.3) with a confidence level of 90%. Which of the following statements is the best conclusion?

Question 10 options:

Question 11 (1 point)

A restaurant wants to test a new in-store marketing scheme in a small number of stores before rolling it out nationwide. The new ad promotes a premium drink that they want to increase the sales of. 12 locations are chosen at random and the number of drinks sold are recorded for 2 months before the new ad campaign and 2 months after. The average difference in nationwide sales quantity before the ad campaign to after (after - before) is 0.5 with a standard deviation of 9.41. Using this information, they calculate a 90% confidence paired-t interval of (-4.38, 5.38). Which of the following is the best interpretation?

Question 11 options:

The senior vice president for marketing at a Hotel believes that the company’s recent advertising of the hotel has decreased the average room idle rate. To test the hypothesis, random sample of daily idle rates (in percentages) before the advertising is collected. A similar random sample of daily idle rates is collected after the advertising took place. The data are as follows.

Before (%) 8 17 12 21 19 10 After (%) 6 10 1 11 17 8

Is there evidence that the average room idle rate of the hotel has decreased after the advertising at the 0.01 level of significance.

IP A fireworks rocket is launched vertically into the night sky with an initial speed of 42.2 m/s . The rocket coasts after being launched, then explodes and breaks into two pieces of equal mass 2.90 s later.

Part A

If each piece follows a trajectory that is initially at 45.0 ∘ to the vertical, what was their speed immediately after the explosion?

Part B

What is the velocity of the rocket's center of mass before the explosion?

Part C

What is the velocity of the rocket's center of mass after the explosion?

Part D

What is the acceleration of the rocket's center of mass before the explosion?