Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gale, $88,000; McLean, $77,000; and Lux, $151,000. The partners share profit and losses in a 3:2:5 ratio. McLean decides to withdraw from the partnership. Prepare General Journal entries to record the May 1, 2020, withdrawal of McLean from the partnership under each of the following unrelated assumptions:

a. McLean sells his interest to Freedman for $172,000 after Gale and Lux approve the entry of Freedman as a partner (where McLean receives the cash personally from Freedman).

b. McLean gives his interest to a son-in-law, Park. Gale and Lux accept Park as a partner.
c. McLean is paid $77,000 in partnership cash for his equity.

d. McLean is paid $136,000 in partnership cash for his equity.

e. McLean is paid $31,250 in partnership cash plus machinery that is recorded on the partnership books at $119,000 less accumulated depreciation of $87,000. (Round final answers to 2 decimal places.)

4. Emily likes bird watching. Every year she takes a vacation to a park famous for

its rare birds. She goes there for 10 days. From her past experience, she knows that on

average she can get 6 good sightings a day. A very good day for her is a day with at least

10 good sightings. Assume Poisson distribution of the number of good sightings on any day

(independently of other days).

a) What is the probability that she can get at least one very good day this time?

b) What is the expected number of very good days during this vacation?

c) What is the expected number of days she has to go bird watching in this park before

getting one very good day?

d) Extra credit: What should the average number of good sightings per day be so that

the probability that she gets at least one very good day during this vacation be at least 0.9?

if a 12x12 matrix a shows the distance between 12 cities in kilometers. how can you obtain from A the matrix B showing these distances in miles?

One of the key questions decision makers must ask when considering whether to invest in a new technology is “what will the return on investment (ROI) be?” In other words, will this technology pay for itself, and when?

Consider an amusement park called FunTown. Funtown is a popular amusement park but because of long entrance lines to the park, yearly attendance has been flat (no increase or decrease) for the last 3 years. Unless something is done to alleviate the long entrance lines, attendance is not expected to increase for the next 3 years.

Funtown is considering implementing a handheld scanner system that can allow employees to walk around the front gates and accept credit card payment and print tickets on the spot. With the new scanner system, Funtown anticipates selling 2.4 million tickets in the next year (year 1), with a 4% increase (over the previous year) for the 2 years after that (years 2 and 3). Without the handheld scanner, Funtown anticipates selling 2.4 million tickets per year for the next 3 years.

The handheld scanner system is not without cost. Entrance to Funtown costs 35 dollars. For every ticket sold with the online scanner system, there is an expense of 6% of the ticket price.

It will take a while for the new system to catch on. Funtown estimates that 10% of year 1 attendance tickets will be sold using the online scanner. They also estimate that will grow to 20% and 30% in years 2 and 3 respectively.

Your assignment is to do a 3 year analysis of this proposal and determine if and when this scanner system will pay for itself.

Specifically, you are to calculate the net revenue of Funtown for each of the next 3 years, with, and without the new scanner system, and calculate the difference.

The cosmetics division of Valles Global Industries (VGI) sells a special type of organic perfume that is highly sought after. This perfume sells for $150 per 75 ml bottle. For many years, they have sold in Asia through a Seoul-based importer by the name of Park Beauty Products. Their contract with Park Beauty Products is up for renewal and VGI has decided to look at options. You are in charge of making a recommendation.

Option 1: Continue to sell through Park Beauty Products by selling them the perfume in bulk loads of 750 liters at a cost of $150 USD per liter. Let them handle everything at their cost.   VGI receives a net payment of $15 USD per bottle.

Option 2: Sell a license for production to SohnCo Fragrances of Seoul, Korea. They will also manage marketing and distribution of the perfume. SohnCo Fragrances will charge VGI a fixed fee of $2 million USD per year to cover marketing costs. SohnCo Fragrances will pay VGI $25 USD per bottle of VGI products it sells in Asia.

Option 3: Create a new enterprise, VGI Asia, by building a small plant for $15 million USD. Annual fixed costs are estimated to be $1.5 million USD and variable costs are $0.60 per bottle.

USD—United States Dollar

Develop a five-year forecast for each of the three options. Assume there is no inflation and do a pre-tax analysis.   Develop a cash flow forecast assuming sales remain variable at somewhere between 1, 700,000 bottles and 2,000,000 bottles per year. Make and support a recommendation as to which of the options to employ.

Arts Centre Parking

The following information is required for Questions 5–8:

It is said that "Australia has one of the world's great opera houses; unfortunately, the outside is in Sydney and the inside is in Melbourne."

The opera house in Melbourne is called the Arts Centre, and it has 250 seats. Demand for a typical opera is Q = 400 – 2P, but there is only demand so long as the opera patrons can park for free beneath the Arts Centre. (Opera patrons are lazy, and don't like to walk. They are also selfish, so each patron drives in a car all by himself or herself.)

There are 300 parking places beneath the Arts Centre, and the parking is owned and operated by the Arts Centre. Suppose there are no other uses for the parking places.

What price do you charge for the opera tickets? Answer is $100

For Questions 6–8 assume that the Arts Centre is very conveniently located in the middle of town, so its parking lot is very popular. They can sell as many parking places as they want for $20 per night. However, a Melbourne city ordinance prohibits them from charging more than $20 per night for parking. The system at the Arts Centre is to allow opera patrons to park for free, if they show their ticket, and to allow a certain number of "outside people" (non-opera-attenders) to park at $20 per night.

Q1) How many parking places do they set aside for "outside people", on an opera night?

Q2) Suppose that the very popular opera "Carmen" is showing tonight. Demand for that opera is Q = 600 - 2P.
How many parking places does the Arts Centre allow "outside people" to use, now?

Q3) Now what is the price of an opera ticket?

The Appalachian Bear Center (ABC) is a not-for-profit organization located near the Great Smoky Mountains National Park. ABC’s programs include the rehabilitation of orphaned and injured black bears, as well as research and education about Appalachian black bears. ABC provides the most natural environment possible for rehabilitating black bears before their release back into the wild. Katie Settlage performed a study to learn more about the Appalachian black bear population in the Great Smoky Mountains National Park. She and a team of researchers used a sample of 68 black bears in the park and took measurements such as paw size, weight, and shoulder height.

Answer the following questions based on this data. As always, you must show all work and formulas used in order to receive full credit. Round all decimals to three places unless otherwise noted.

1. In the sample of 68 bears, 40 were males. Construct an 80% confidence interval for the population proportion of bears that are males and write a statement interpreting the interval. (12 points)

Questions 2 and 3 refer to the following information regarding the 28 female bears from the study. For these 28 female bears, the sample mean is 75.679 cm and the sample standard deviation is 7.592 cm. Assume the data is normally distributed and the sample is randomly selected.

2. Use the female sample to make an interval estimate of the mean shoulder height of female bears. Construct the confidence interval estimate using a 95% confidence level and make a statement interpreting this interval.

3. Using a 99% level of confidence, construct the confidence interval for the population standard deviation based on the female data and make a statement interpreting these intervals.

In a study of

11 comma 00011,000

car​ crashes, it was found that

5544

of them occurred within 5 miles of home​ (based on insurance company​ data). Use a 0.01 significance level to test the claim that more than​ 50% of car crashes occur within 5 miles of home. Use this information to answer the following questions.

z =

​(Round to two decimal places as​ needed.)

c. What is the​ P-value?

​P-value=

​(Round to four decimal places as​ needed.)

d. What is the​ conclusion?

e. Are the results questionable because they are based on a survey sponsored by an insurance​ company?

.Tire manufacturer is interested in testing the fuel economy for two different tread patterns. Tires of each tread type were driven for 1000 miles on each of 9 different cars. The mileages, in miles per gallon, were as follows. Test whether the mean mileage is the same for both types of tread. (ANOVA test)

Suppose an automobile manufacturer designed a new engine and needs to find the best grade of gasoline for the best (highest) miles per gallon. The four grades are regular, economy, premium, and super premium. The test car made three trial runs on the test track using each of the four grades. The miles per gallon were recorded for each grade. Put these data into Minitab (STAT>ANOVA>OneWay>(Response data are in separate columns) ) and answer the following questions. Use Hmwk1Prob1Data Should the researcher print out a Tukey Comparison to see which grades have higher or lower gas mileage?