Cuneo Company’s income statements for the last 3 years are as follows:

1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Enter all amounts as positive numbers. Round answers to the nearest tenth of a percent. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries.)

2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Enter all amounts as positive numbers. Round answers to the nearest tenth of a percent. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries.)

3. Prepare a common-size income statement for Year 3 by expressing each line item as a percentage of sales revenue. (Note: Enter all amounts as positive numbers. Round answers to the nearest tenth of a percent. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries.)

Taylor’s is a popular restaurant that offers customers a large dining room and comfortable bar area. Taylor Henry, the owner and manager of the restaurant, has seen the number of patrons increase steadily over the last two years and is considering whether and when she will have to expand its available capacity. The restaurant occupies a large home, and all the space in the building is now used for dining, the bar, and kitchen, but space is available on the property to expand the restaurant. The restaurant is open from 6 p.m. to 10 p.m. each night (except Monday) and, on average, has 27 customers enter the bar and 52 enter the dining room during each of those hours. Taylor has noticed the trends over the last 2 years and expects that within about 4 years, the number of bar customers will increase by 50% and the dining customers will increase by 20%. Taylor is worried that the restaurant will be not be able to handle the increase and has asked you to study its capacity. In your study, you consider four areas of capacity: the parking lot (which has 82 spaces), the bar (56 seats), the dining room (102 seats), and the kitchen. The kitchen is well-staffed and can prepare any meal on the menu in an average of 12 minutes per meal. The kitchen, when fully staffed, is able to have up to 20 meals in preparation at a time, or 100 meals per hour (60 min/12 min × 20 meals).

To assess the capacity of the restaurant, you obtain the additional information: Diners typically come to the restaurant by car, with an average of 3 persons per car, while bar patrons arrive with an average of 1.5 persons per car. Diners, on average, occupy a table for an hour, while bar customers usually stay for an average of 2 hours. Due to fire regulations, all bar customers must be seated. The bar customer typically orders one drink per hour at an average of $9 per drink; the dining room customer orders a meal with an average price of $20; the restaurant’s cost per drink is $3, and the direct costs for meal preparation are $3.

Required: 1-a. Given the current number of customers per hour, what is the amount of excess capacity in the bar, dining room, parking lot, and kitchen? 1-b. Calculate the expected total throughput margin for the restaurant per day, and month (assuming a 26-day month). 2-a. Given the expected increase in the number of customers, determine if there is a constraint for any of the four areas of capacity. What is the amount of needed capacity for each constraint? 2-b. If there is a constraint, reduce the demand on the constraint so that the restaurant is at full capacity (assume some customers would have to be turned away). Calculate the expected total throughput margin for the restaurant per day, and month (assuming a 26-day month).

Raymond Santana created Computer Solutions on October 1, 2019. The company has been successful, and its list of customers has grown.

In response to requests from customers, R. Santana will begin selling computer software. The company will extend credit terms of 1/10, n/30, FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Also, Business Solutions does not use reversing entries and, therefore, all revenue and expense accounts have zero beginning balances as of January 1, 2020. Its transactions for January through March follow:

I am mainly interested in COGS and inventory transactions (journal entries), and both of the account end balances. Please show the work. Thank you

A person’s muscle mass is expected to be associated with age. Some people also thought exercise time would be associated with the muscle mass. To explore the potential relationships between muscle mass and age, muscle mass and exercise time, a nutritionist randomly selected 20 women from a population of women with age ranging from 40 to 80 years old, and measured their muscle mass (a score without unit) and exercise time (hours per month)

Using the regression equation representing the SIGNIFICANT relationship, make the following predictions: [of note: based on the regression model you chose, information for one of Age and ExcercieTime is not needed for prediction, but you should make your own decision on which variable is not needed!]

The expected Muscle Mass (the mean) for Women at Age= 65 and ExerciseTime = 20; (4 points)

The expected difference in Muscle Mass between women with Age = 55 and ExcerciseTme =23 and women with Age = 58 and ExcerciseTime=25. (4 points)

Write a program that checks if all the input numbers cover 1 to 99. Each ticket for the Pick-10 lotto has 10 unique numbers ranging from 1 to 99. Suppose you buy a lot of tickets and like to have them cover all numbers from 1 to 99. Write a program that reads the ticket numbers from a file and checks whether all numbers are covered. Assume the last ending number in the file is 0. Suppose the file contains the numbers

80 3 87 62 30 90 10 21 46 27

12 40 83 9 39 88 95 59 20 37

80 40 87 67 31 90 11 24 56 77

11 48 51 42 8 74 1 41 36 53

52 82 16 72 19 70 44 56 29 33

54 64 99 14 23 22 94 79 55 2

60 86 34 4 31 63 84 89 7 78

43 93 97 45 25 38 28 26 85 49

47 65 57 67 73 69 32 71 24 66

92 98 96 77 6 75 17 61 58 13

35 81 18 15 5 68 91 50 76 0

Your program should display

The tickets cover all numbers

Suppose the file contains the numbers

11 48 51 42 8 74 1 41 36 53

52 82 16 72 19 70 44 56 29 33

0

Your program should display

The tickets don't cover all numbers

A person’s muscle mass is expected to be associated with age. Some people also thought exercise time would be associated with the muscle mass. To explore the potential relationships between muscle mass and age, muscle mass and exercise time, a nutritionist randomly selected 20 women from a population of women with age ranging from 40 to 80 years old, and measured their muscle mass (a score without unit) and exercise time (hours per month)

Using the regression equation representing the SIGNIFICANT relationship, make the following predictions: [of note: based on the regression model you chose, information for one of Age and ExcercieTime is not needed for prediction, but you should make your own decision on which variable is not needed!] The expected Muscle Mass (the mean) for Women at Age= 65 and ExerciseTime = 20; The expected difference in Muscle Mass between women with Age = 55 and ExcerciseTme =23 and women with Age = 58 and ExcerciseTime=25.

RTE Telecom Inc., which is considering the acquisition of Galaxy Sun Corp., estimates that acquiring Galaxy Sun will result in an incremental value for the firm. The analysts involved in the deal have collected the following information from the projected financial statements of the target company:

Galaxy Sun Corp. is a publicly traded company, and its market-determined pre-merger beta is 1.40. You also have the following information about the company and the projected statements:

Given this information, use the adjusted present value (APV) approach to calculate the following values involved in merger analysis. (Note: Only round intermediate calculations when entering them as a final answer.)

Customer A. Smith owed Stonebridge Electronics $325. On April 27, 2016, Stonebridge determined this account receivable to be uncollectible and wrote off the account. The company uses the direct write-off method. On July 15, 2016, Stonebridge received a check for $325 from the customer. How should the July 15, 2016 transaction be recorded?

Group of answer choices

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Question 152.5 pts

Which of the following is the correct formula to calculate inventory turnover?

Group of answer choices

Inventory turnover = Cost of goods sold / Average merchandise inventory

Inventory turnover = Cost of goods sold × Average merchandise inventory

Inventory turnover = Cost of goods sold + Average merchandise inventory

Inventory turnover = Cost of goods sold - Average merchandise inventory

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Question 162.5 pts

The ending merchandise inventory for the current year is overstated by $25,000. What effect will this error have on the following year's net income?

Group of answer choices

The net income will be overstated by $50,000.

The net income will be overstated by $25,000.

The net income will be understated by $25,000.

The net income will be understated by $50,000.

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Question 172.5 pts

Which of the following is added to operating income to arrive at net income?

Group of answer choices

sales revenue

cost of goods sold

interest revenue

operating expenses

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Question 182.5 pts

The goal of reporting realistic figures and never overstating assets or net income applies to the ________.

Group of answer choices

conservatism principle

materiality concept

disclosure principle

consistency principle

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Question 192.5 pts

In a good internal control system, which of the following sets of documents is required for proper approval of a payment to a supplier?

Group of answer choices

a journal entry, a supplier invoice, and a description of the goods being purchased

a receiving report, an invoice, and a purchase order

a purchase order, a journal entry, and a price catalog

a supplier invoice, a bill of lading, and the supplier's financial statements

You buy a share of stock, write a one-year call option with strike X, and buy a one-year put option with same strike X. You know that stock shares are currently traded at the same price as the strike price of the options, i.e. options are at the money. Your net outlay to establish the entire portfolio is $50. Risk-free interest rate is 4%

-What must the strike price be? The stock pays no dividends.

- Find the one-year stock futures price.

- Which of the above two same strike options should be more expensive

- Given that one-year put option with same strike X is traded at $3. Find the value of call option with the same strike and maturity.