Royal Park Ltd is an existing company that has issued previously 300,000 ordinary shares of $8 each and 100,000 5% preference shares of $15 each.

On 1^st January 2019, Royal Park Ltd offered to issue an additional 250,000 ordinary shares for $11, payable in two installments:

• $7 initially on application;
• $4 payable based on calls as required.

Applications for 400,000 shares were received by the closing date of 30^th January 2019.

On 10^th February 2019, shares were allotted, and a refund was made to unsuccessful applicants.

Directors announced on 30^th June 2019 a profit after tax of $900,000.

On 7^th July 2019, the board of directors during the Annual General Meeting announced that the company will pay preference dividends and ordinary dividends of 6.2 cents per fully paid equivalent share from retained earnings.

On 3^rd August 2019, payment was made for dividends declared.

Required:

a) Prepare the general journal entries to record the information above.                   

Narrations are NOT required.

b) b) One of the existing shareholders of the company was upset about the approach the company used in issuing additional shares this year. They believed existing shareholders should have been considered first to raise the funds. List and discuss the approach the shareholder is referring to.

Pine rockland is an endangered ecosystem found only in South Florida. Invasive plant species threaten pine rockland by out competing the native plants and providing no nutritional value to native wildlife. The largest tract of pine rockland in Everglades National Park is at Long Pine Key. Scientists with the National Park Service are interested in knowing how effective different frequencies of prescribed burns are at removing invasive plant species. They measured the density (individuals/m²) of invasive plant species in an area that was not burned (no burn), an area that was burned once in the last 5 years (infrequent burn), and an area that was burned 5 times in the last 5 years (frequent burns). For each area, sampling was conducted by measuring the density at 20 random points.

Based on observations of these three areas and the need to decrease invasive species in these ecosystems, we could put forth the following question: How does the frequency of prescribed burns affect invasive plant species in pine rockland ecosystems?

1. For the study above, identify the following: (4 points)
   1. Population: All invasive Plant species in Pine Rockland Ecosystem.
   2. Sample: 20 random points in each area
   3. Parameter:
   4. Statistics
2. For the study above, identify the following: (3 points)
   1. Dependent Variable
   2. Independent Variable
   3. Is the independent variable categorical or numerical?

A) A person can take either of two routes to work, through Matteson or Richton Park. Both take on average 35 minutes, and travel times are Normally distributed. But are the variances of the travel times different? A random sample with n = 6 using the Matteson route, and another random sample with n = 7 using the Richton Park route, showed a variance of 40 (units: square minutes) and 30 respectively. To test whether the variances are different, the following test of hypothesis is to be carried out: H0: sigma subscript 1 superscript 2 space equals space sigma subscript 2 superscript 2 H1: sigma subscript 1 superscript 2 space not equal to space sigma subscript 2 superscript 2 To test this at 10% level of significance, what is the critical value for the test statistic? (Give two decimal places)

B) A supermarket claims that the average wait time at the checkout counter is less than 9 minutes. We can assume that the population is Normally distributed.

Consider

H0: mu >= 9

H1: mu < 9

A random sample of 50 customers yielded an average wait time of 8.5 minutes and a standard deviation of 2.5 minutes.

What is the value of the test statistic (tstat or t-sub-xbar)?

(Provide two decimal places)

(must be done in JAVA code)

A company dedicated to parking management has decided to renew itself by automating its control process since this process is done manually. The company has hired its development team to automate the process and gave it an October 19th deadline until 6 pm. An analyst defined the system requirements as follows:

1. The system must allow configuring the number of spaces that a vehicle parking lot will contain.

2. The system must allow the person in charge (normally a security person) to consult the available spaces to be able to indicate to the arriving users where to park.

3. The system must allow the person in charge (normally a security person) to enter the space where they will park, the license plate, brand, color and commercial value of the vehicle to be parked. In some cases, the person in charge may omit the commercial value of the vehicle due to ignorance, for these cases a default value of 30 million will be saved.

4. The system must allow the status of all the spaces in the building to be consulted.

5. The system must allow printing all the information of the parked vehicles.

6. The system must allow consulting the information of a parked vehicle.

7. The system must be able to change the sensor status (available to occupied) when a car occupies a parking space.

Overproduction of uric acid in the body can be an indication of cell breakdown. This may be an advance indication of illness such as gout, leukemia, or lymphoma.† Over a period of months, an adult male patient has taken six blood tests for uric acid. The mean concentration was x = 5.35 mg/dl. The distribution of uric acid in healthy adult males can be assumed to be normal, with σ = 1.93 mg/dl.

(a) Find a 95% confidence interval for the population mean concentration of uric acid in this patient's blood. What is the margin of error? (Round your answers to two decimal places.

(d) Find the sample size necessary for a 95% confidence level with maximal margin of error E = 1.02 for the mean concentration of uric acid in this patient's blood. (Round your answer up to the nearest whole number blood tests.

Let x be a random variable that represents the weights in kilograms (kg) of healthy adult female deer (does) in December in a national park. Then x has a distribution that is approximately normal with mean μ = 52.0 kg and standard deviation σ = 8.5 kg. Suppose a doe that weighs less than 43 kg is considered undernourished.

(a) What is the probability that a single doe captured (weighed and released) at random in December is undernourished? (Round your answer to four decimal places.)


(b) If the park has about 2450 does, what number do you expect to be undernourished in December? (Round your answer to the nearest whole number.)
does

(c) To estimate the health of the December doe population, park rangers use the rule that the average weight of n = 45 does should be more than 49 kg. If the average weight is less than 49 kg, it is thought that the entire population of does might be undernourished. What is the probability that the average weight x for a random sample of 45 does is less than 49 kg (assuming a healthy population)? (Round your answer to four decimal places.)


(d) Compute the probability that x< 53.4 kg for 45 does (assume a healthy population). (Round your answer to four decimal places.)

Please answer the following questions:

Q5 Material purchases on account would most likely be included in which budget?

a. Direct labor budget

b. Selling and administrative budget

c. Cash budget

d. None of the above

Q6 Out of the Park socks produce socks for sports fans. The socks come in two sizes: Medium and Large. Out of the Park anticipates the following sales volumes and prices for the coming period:

What is the budgeted level of revenue for the coming period?

a. $50,000

b. $72,000

c. $82,000

d. $90,000

Q7 Out of the Park is projecting the following sales for January and February. Their policy is to maintain ending inventories at 5% of what is expected for the next month.

What is the budgeted level of production for both styles for January?

a. Medium: 1,040; Large: 1,240

b. Medium: 2,040; Large: 1,310

c. Medium: 2,240; Large: 1,440

d. None of the above

Q8 Olu’s African Sculptures is preparing their budgeted financial statements for the coming year, and has accumulated the following data:

What is the budgeted cash received from customers?

a. $4,100,000

b. $4,120,000

c. $4,220,000

d. $4,320,000

The City of Pfeiffer starts the year of 2017 with the general fund and an enterprise fund. The general fund has two activities: education and parks/recreation. For convenience, assume that the general fund holds $144,000 cash and a new school building costing $1,180,000. The city utilizes straight-line depreciation. The building has a 20-year life and no salvage value. The enterprise fund has $65,000 cash and a new $360,000 civic auditorium with a 30-year life and no salvage value. The enterprise fund monitors just one activity, the rental of the civic auditorium for entertainment and other cultural affairs.

The following transactions for the city take place during 2017. Assume that the city’s fiscal year ends on December 31.

Decides to build a municipal park and transfers $72,000 into a capital projects fund and immediately expends $20,600 for a piece of land. The creation of this fund and this transfer were made by the highest level of government authority.

Borrows $113,400 cash on a long-term bond for use in creating the new municipal park.

Assesses property taxes on the first day of the year. The assessment, which is immediately enforceable, totals $618,600. Of this amount, $525,800 will be collected during 2017 and another $51,600 is expected in the first month of 2018. The remainder is expected about halfway through 2018.

Constructs a building in the park in (b) for $40,000 cash so that local citizens can play basketball and other sports. It is put into service on July 1 and should last 10 years with no salvage value.

Builds a sidewalk around the new park for $10,000 cash and puts it into service on July 1. It should last for 10 years, but the city plans to keep it up to a predetermined quality level so that it will last almost indefinitely.

Opens the park and charges an entrance fee of only a token amount so that it records the park, therefore, in the general fund. Collections during this first year total $4,000.

Buys a new parking deck for $220,000, paying $22,000 cash and signing a long-term note for the rest. The parking deck, which is to go into operation on July 1, is across the street from the civic auditorium and is considered part of that activity. It has a 20-year life and no salvage value.

Receives a $110,000 cash grant for the city school system that must be spent for school lunches for the poor. Appropriate spending of these funds is viewed as an eligibility requirement of this grant. During the current year, $40,700 of the amount received was properly spent.

Charges students in the school system a total fee of $6,600 for books and the like. Of this amount, 90 percent is collected during 2017 with the remainder expected to be collected in the first few weeks of 2018.

Buys school supplies for $23,000 cash and uses $17,800 of them. The general fund uses the purchases method.

Receives a painting by a local artist to be displayed in the local school. It qualifies as a work of art, and officials have chosen not to capitalize it. The painting has a value of $83,700. It is viewed as inexhaustible.

Transfers $20,600 cash from the general fund to the enterprise fund as a capital contribution.

Orders a school bus for $102,000.

Receives the school bus and pays an actual cost of $105,000. The bus is put into operation on October 1 and should last for five years with no salvage value.

Pays salaries of $247,000 to school teachers. In addition, owes and will pay $30,800 during the first two weeks of 2018. Vacations worth $23,600 have also been earned but will not be taken until July 2018.

Pays salaries of $43,000 to city auditorium workers. In addition, owes and will pay $3,500 in the first two weeks of 2018. Vacations worth $5,800 have also been earned but will not be taken until July 2018.

Charges customers $150,800 for the rental of the civic auditorium. Of this balance, collected $127,600 in cash and will collect the remainder in April 2018.

Pays $10,400 maintenance charges for the building and sidewalk in (d) and (e).

Pays $16,200 on the bond in (b) on the last day of 2017: $5,800 principal and $10,400 interest.

Accrues interest of $15,000 on the note in (g) as of the end of 2017, an amount that it will pay in June 2018.

Assumes that a museum that operates within the city is a component unit that will be discretely presented. The museum reports to city officials that it had $48,500 of direct expenses this past year and $57,700 in revenues from admission charges. The only assets that it had at year-end were cash of $27,700, building (net of depreciation) of $346,300, and a long-term liability of $242,400.

Prepare the 2017 government-wide financial statements for this city. Assume the use of the modified approach.

Prepare a statement of net position. (Amounts to be deducted should be indicatedby a minus sign.)

Write a function that takes a list of integers as input and returns a list with only the even numbers in descending order (Largest to smallest)

Example: Input list: [1,6,3,8,2,5] List returned: [8, 6, 2]

Do not use any special or built in functions like append, reverse etc.

Exercise 17-25 Sales Mix and Quantity Variances (LO 17-3)

The restaurant at the Hotel Galaxy offers two choices for breakfast: an all-you-can-eat buffet and an a la carte option, where diners can order from the menu. The buffet option has a budgeted meal price of $47. The a la carte option has a budgeted average price of $36 for a meal. The restaurant manager expects that 40 percent of its diners will order the buffet option. The buffet option has a budgeted variable cost of $27 and the a la carte option averages $20 per meal in budgeted variable cost. The manager estimates that 2,100 people will order a meal in any month.

For July, the restaurant served a total of 1,900 meals, including 640 buffet options. Total revenues were $30,720 for buffet meals and $49,140 for the a la carte meals.

Required:

a. Compute the activity variance for the restaurant for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

b. Compute the mix and quantity variances for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

Exercise 17-25 Sales Mix and Quantity Variances (LO 17-3)

The restaurant at the Hotel Galaxy offers two choices for breakfast: an all-you-can-eat buffet and an a la carte option, where diners can order from the menu. The buffet option has a budgeted meal price of $47. The a la carte option has a budgeted average price of $36 for a meal. The restaurant manager expects that 40 percent of its diners will order the buffet option. The buffet option has a budgeted variable cost of $27 and the a la carte option averages $20 per meal in budgeted variable cost. The manager estimates that 2,100 people will order a meal in any month.

For July, the restaurant served a total of 1,900 meals, including 640 buffet options. Total revenues were $30,720 for buffet meals and $49,140 for the a la carte meals.

Required:

a. Compute the activity variance for the restaurant for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

b. Compute the mix and quantity variances for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)