Questions
Jester Company began operations on January 1, 2018. The company had the following transactions in its...

Jester Company began operations on January 1, 2018. The company had the following transactions in its first year of business:

  • January 4: Owners invested $120,000 (the par value of the stock) in exchange for 20,000 shares of common stock.
  • February 2: Jester took out a 10-year note payable in the amount of $80,000 to pay for operating expenses.
  • Interest payments are due every six months, and the balance of the note will be paid off in a lump-sum in 10 years. The interest rate is 10% annually, that is, 5% every six months.
  • February 16: Jester signed a rental lease for its operating facility and paid a year of rent up front in the amount of $60,000. The rental lease runs from March 1, 2018, through February 29, 2019.
  • March 1: Jester purchased office supplies in the amount of $12,000 and paid in cash.
  • March 12: Jester paid $18,000 cash for advertising expenses.
  • April 1: Jester purchased a two-year insurance policy that runs from April 1, 2018, to March 31, 2020, in the amount of $40,000 and paid in full for the policy in cash.
  • May 12: Jester negotiated a contract with a customer to provide entertainment services for a one-year period running from June 1, 2018, to May 31, 2019. The customer paid the contract in full on May 12 with cash in the amount of $64,000.
  • June 16: Jester paid wages in the amount of $12,000 to employees in cash.
  • July 20: Jester negotiated a contract with a customer to provide entertainment services for a six-month period running from September 1, 2018, to February 28, 2019. The customer paid the contract in full on July 20 with cash in the amount of $42,000.
  • August 2: Jester paid cash in the amount of $4,000 for the first interest payment on the note payable taken out on February 2.
  • August 18: Jester received and paid a utilities bill in the amount of $7,000 in cash.
  • September 10: Jester paid wages in the amount of $28,000 in cash.
  • October 1: Jester negotiated a contract with a customer to provide entertainment services for a one-year period running from October 1, 2018, to September 30, 2019, in the amount of $420,000. The customer paid the contract in full on October 1.
  • November 14: Jester purchased office supplies in the amount of $26,000 on account with the vendor.
  • December 6: Jester received an advertising bill for $22,000. The services were provided in 2018 and the bill will be paid in January.
  • At year-end, Jester had $18,000 of office supplies remaining on hand.

Required:

  1. Prepare the journal entries for the original transactions. Provide brief explanations if necessary. (15 points)
  2. Prepare any necessary year-end adjusting journal entries for these transactions. Provide brief explanations if necessary. (7 points)

In: Accounting

You are going to receive $100 after one month, $110 after two months, $121 after three and four months, $133.1 after five months

You are going to receive $100 after one month, $110 after two months, $121 after three and four months, $133.1 after five months, $146.41 from month seven to month thirty. What is the present value of all these future cash inflows if the discount rate is 3%?

In: Finance

The partially completed inventory record for the driveshaft subassembly in the table below shows gross​ requirements,...

The partially completed inventory record for the driveshaft subassembly in the table below shows gross​ requirements, scheduled​ receipts, lead​ time, and current​ on-hand inventory.

a. Complete the last three rows of the record for an FOQ of

60

units. ​(Enter your responses as integers. A response of​ "0" is equivalent to being not​ applicable.)

​Item: Driveshaft subassembly

Lot​ Size:

FOQequals=60

units

Lead​ Time: 3 weeks

Week

1

2

3

4

5

6

7

8

Gross

requirements

30

20

20

25

50

50

55

55

Scheduled

receipts

70

Projected​ on-hand

inventory

10

Planned

receipts

Complete the last three rows of the record by using the L4L​ lot-sizing rule. ​(Enter your responses as integers. A response of​ "0" is equivalent to being not​ applicable.)

In: Operations Management

There are 35 identically sized balls in a box, where 5 of each of the colors...

There are 35 identically sized balls in a box, where 5 of each of the colors are present: red, orange, yellow, green, blue, indigo, and violet. Justify your answer for each.

a. Suppose you draw a sample of seven balls without replacement from the box. What is the probability that the sample contains balls of exactly two colors? (for example, the event for which you have 4 red and 3 blue would satisfy)

b. Suppose you draw a sample of seven balls with replacement from the box (you draw one, then replace, draw one, then replace, and so on). What is the probability that the sample contains balls of exactly two colors?

c. Suppose you draw a sample of three balls without replacement. Define ? to be the random variable on the number of red balls in the sample and ? the random variable on the number of orange balls in the sample. Find the joint probability distribution function ??,?(?, ?) for the random variables ? and

In: Statistics and Probability

The table below shows primary school enrollment for a certain country. Here, xx represents the number...

The table below shows primary school enrollment for a certain country. Here, xx represents the number of years after 18201820, and yy represents the enrollment percentage. Use Excel to find the best fit linear regression equation. Round the slope and intercept to two decimal places.

x   y
0   0.1
5   0.1
10   0.1
15   0.2
20   0.2
25   0.3
30   0.4
35   0.5
40   0.6
45   1.1
50   1.5
55   3.0
60   4.5
65   5.5
70   6.1
75   6.8
80   7.0
85   8.0
90   9.3
95   10.7
100   12.4
105   14.1
110   16.6
115   17.5
120   19.7
125   19.4
130   32.7
135   40.9
140   47.6
145   57.8
150   57.0
155   61.7
160   63.2
165   75.0
170   76.5
175   96.0
180   92.0
185   100.0
190   100.0

Provide your answer below:

y =  x -

In: Statistics and Probability

The price of a stock is $40. The price of a one-year European put option on...

  1. The price of a stock is $40. The price of a one-year European put option on the stock with a strike price of $30 is quoted as $7 and the price of a one-year European call option on the stock with a strike price of $50 is quoted as $5. Suppose that an investor buys 100 shares, shorts 100 call options, and buys 100 put options.

  1. Construct a payoff and profit/loss table

In: Finance

Create an ASP.NET page and add ScriptManager and UpdatePanel controls. Next, add a SqlDataSource and DetailsView...

Create an ASP.NET page and add ScriptManager and UpdatePanel controls. Next, add a SqlDataSource and DetailsView control within the UpdatePanel and configure them so that the visitor can.

add new records to the Books table. add two Label Web controls to this page—one outside the UpdatePanel and the other within the UpdatePanel. Have the Label Text properties assigned to the current date and time on each page load. When testing the page, note that when the page is first visited, the two Labels' values match, but when a new record is added through the DetailsView control, the Label within the UpdatePanel is updated, but one outside the UpdatePanel is no

In: Computer Science

A 25.0 mL sample of 0.125 molL−1 pyridine (Kb=1.7×10−9) is titrated with 0.100 molL−1HCl. Part A...

A 25.0 mL sample of 0.125 molL−1 pyridine (Kb=1.7×10−9) is titrated with 0.100 molL−1HCl.

Part A

Calculate the pH at 0 mL of added acid.

Express your answer using two decimal places.

Part B

Calculate the pH at 10 mL of added acid.

Express your answer using two decimal places.

Part C

Calculate the pH at 20 mL of added acid.

Express your answer using two decimal places.

Part D

Calculate the pH at equivalence point.

Express your answer using two decimal places.

Part E

Calculate the pH at one-half equivalence point.

Express your answer using two decimal places.

Part F

Calculate the pH at 40 mL of added acid.

Express your answer using two decimal places.

Part G

Calculate the pH at 50 mL of added acid.

Express your answer using two decimal places.

In: Chemistry

6. A consumer purchases housing (H) and spends the remainder of income on a composite good...

6. A consumer purchases housing (H) and spends the remainder of income on a composite good (OG). Her preferences over housing and the composite good are monotonic, complete, transitive and convex. The government is considering one of two policies. Policy A subsidizes housing, reducing its price by $50 per unit. With the subsidy in place, the consumer purchases 10 units of housing and Y units of the composite good. Policy B instead provides a lump-sum cash payment $500. Which of the following statements is accurate?

a. The consumer prefers Policy A to Policy B, and will consume more housing under Policy A than Policy B.

b. The consumer prefers Policy A to Policy B, and will consume more housing under Policy B than Policy A.

c. The consumer prefers Policy B to Policy A, and will consume more housing under Policy A than Policy B.

d. The consumer prefers Policy B to Policy A, and will consume more housing under Policy B than Policy A.

e. The consumer is indifferent between Policy A and Policy B, and will consume the same amount of housing under both policies.

7. Jennifer works at a coffee house and earns $150 per week to spend on coffee and other goods. Her preferences are complete, transitive, monotonic, and convex. The price of coffee is $2 per cup. Given her budget constraint, Jennifer maximizes her utility by consuming 10 cups of coffee and $130 worth of other goods per week. The coffee shop then announces that it will cut employees’ wages; Jennifer will now earn only $135 per week. However, the coffee shop also announces that it will now give employees a discount, reducing the price of coffee to $0.50 per cup. Compared to before, Jennifer is now:

a. no better or worse off, and she continues to buy 10 cups of coffee and $130 worth of other goods per week.

b. worse off, and she now buys more than 10 cups of coffee and less than $130 worth of other goods per week.

c. better off, and she now buys more than 10 cups of coffee and less than $130 worth of other goods per week.

d. worse off, and she now buys less than 10 cups of coffee and more than $130 worth of other goods per week.

e. better off, and she now buys more than 10 cups of coffee and more than $130 worth of other goods per week.

In: Economics

Using the unemployment data​ provided, investigate the association between the male unemployment rate in 2007 and...

Using the unemployment data​ provided, investigate the association between the male unemployment rate in 2007 and 2010 for a sample of 52 countries. Complete parts a through d.

​a) Find a regression model predicting the 2010 rate from the 2007 rate for the sample of 52 countries. State in simple language what the model says.

2010 Index=_________+____________x 2007 index ​(Round to two decimal places as​ needed.)

State in simple language what the model says. Select the correct choice below and fill in the answer box to complete your choice. ​(Round to two decimal places as​ needed.)

  1. The 2010 rate increased by _________ per year.
  2. For each​ 1% increase in the 2010​ rate, the 2007 rate increased by __________
  3. For each​ 1% increase in the 2007​ rate, the 2010 rate increased by ___________
  4. The 2007 rate increased by __________ per year.

b) Determine the test statistic.

T=_________ ​(Round to two decimal places as​ needed.)

Determine the​ P-value.

P=_______________​(Round to three decimal places as​ needed.)

Make a conclusion.

Since the​ P-value is (1) the significance​ level, α​, (2) the null hypothesis. The association (3) significant.

​c) What percentage of the variability in the 2010 Index is accounted for by the regression​ model?

The regression model accounts for nothing ​% of the variability in the 2010 Index.

​(Round to one decimal place as​ needed.)

Country Male 2007 Male 2010
1 24.1 22.4
2 11.8 10.7
3 8.7 11.7
4 19.6 17.7
5 26.8 22.2
6 13.9 13.2
7 16.4 14.3
8 13.5 10.7
9 12.1 11.8
10 30.5 29.5
11 9.5 13.3
12 22.2 18.8
13 8.5 8.2
14 14.9 11.3
15 22.8 15.1
16 28.4 16.6
17 23.8 4.2
18 25.3 26.4
19 13.8 26.1
20 18.6 18.8
21 8.3 4.3
22 15.2 20.8
23 8.8 8.2
24 19.1 8.2
25 21.3 16.8
26 11.2 9.7
27 11.3 12.3
28 15.2 11.5
29 22.2 16.3
30 21.8 20.9
31 6.8 6.2
32 9.9 8.5
33 12.3 12.1
34 22.8 17.2
35 19.7 21.1
36 18.1 15.3
37 38.3 35.4
38 12.1 14.3
39 22.6 24.8
40 22.1 18.5
41 22.1 21.6
42 34.6 30.1
43 12.8 10.4
44 19.7 17.2
45 22.7 20.8
46 16.3 15.7
47 7.7 7.6
48 5.1 5.7
49 65.3 63.8
50 19.8 19.7
51 11.8 12.4
52 12.3 12.8

In: Statistics and Probability