The mean time between arrivals of customers in a bank is 3 minutes. Write the expression for the exponential distribution for average time between arrivals for any time t (t>=0). If a customer has already arrived in the bank, what is the probability that the next customer will come after 10 minutes? What is the probability that 5 customers will arrive in the one hour interval?

Answer with full steps. Thank you!,

Any half answer or incomplete answer would be send back for refund and reported to Chegg. No direct answers. Well handwritten answers only accepted. I repeat only well hand written answers.

Question 3:

Suppose that 1000 customers are surveyed and 850 are satisfied or very satisfied with a corporation’s products and services.

1. Test the hypothesis H₀: p = 0.9 against H₁: p ≠ 0.9 at α = 0.05. Find the p-value.
2. Explain how the question in part (a) could be answered by constructing a 95% two-sided confidence interval for p.

Revenue 80,000

Variable Costs 45,000

Contribution Margin 35,000

Fixed Cost 15,000

Pre-tax Income 20,000

Income Taxes (25%) 5,000

After-Tax Income 15,000

1. What is the Breakeven level of revenue?

2. What is the Margin of Safety of revenues?

3. If Fixed Cost were reduced by 10%, what would be the new breakeven revenue?

4. Given the current cost structure (ie. unchanged Fixed and Variable costs), how much revenue would be required to generate 50% more after-tax income?

5. Provide a revised Contribution Income Statement assuming this company achieves the higher level of after-tax revenue described in question 4.

Please show formulas. Thank you!

A company operates a solar installation in the desert in Western Australia. It is reviewing its operating practices with a view to making them more efficient

. a) The solar installation generates electric power from sunlight and incurs operating costs for cleaning the solar modules (sometimes called solar panels) and replacing solar modules that have failed. The annual revenue from the electric power is variable due to variable cloudiness and solar module failure and has a mean of $2.78m and a standard deviation of $0.32m. The annual operating costs have a mean of $0.51m and a standard deviation of $0.12m. Calculate the mean and standard deviation of the annual profit = annual revenue – annual operating costs.

b) Expected revenue varies systematically from one month to another, being higher in the summer when there is more sunshine. Monthly operating costs follow the same probability model regardless of the month (same mean and standard deviation apply to all months). Calculate, if possible, the mean and standard deviation of (i) monthly operating costs (ii) monthly profits. If a calculation is not possible, give the reason.

c) The solar installation is located in the desert 100 km from the nearest office of the company that operates it and the company sends a maintenance crew out quarterly (once every 3 months) to clean dust and sand off the solar modules and check for mechanical or electrical problems. Each solar module is also monitored electronically over the Internet so that the operating company is alerted immediately when a solar module fails. On average 1.3 modules fail per month and the maintenance crew replaces any failed modules on their quarterly visits. Module failures are independent of each other and occur at random. The loss of a few solar modules does not impact revenue enough to justify the cost of sending the maintenance crew before the next quarterly visit. However the operating company decides that if more than 7 modules have failed they should send the maintenance crew out immediately to replace the failed modules. What is the probability of the maintenance crew having to go to the solar installation before the end of the regular 3-month period?

d) If 8 modules fail, the maintenance crew loads 9 replacement modules into their truck in case one is smashed during the 100 km drive, much of which is over uneven dirt tracks through the desert. Past experience shows that the probability of any individual module being smashed on this journey is 0.043. The operations manager wants the probability that the crew arrives with less than 8 working modules to be < 0.05. How many replacement modules should the maintenance crew load into their truck so as to achieve this objective? Answer this question, stating your assumptions clearly, and comment on whether the assumptions are likely to be true.

e) The solar modules are covered by a 25-year warranty which covers the cost of the replacement module itself but not the cost of driving 100 km and installing it. The operating company plans on visiting the site only once every 3 months and is therefore considering purchasing “business continuity insurance” which would cover the loss of revenue from failed solar modules for an annual premium of $5000. In order to decide whether it is worth paying this premium the company needs to calculate its expected revenue loss from failed modules. The average loss of revenue from one failed module is $200 per month. If one module fails during a 3-month period, we assume it fails in the middle of that period so that it has failed for a total of 1.5 months and the loss of revenue is 1.5*200 = $300. We make similar assumptions if 2,3,4, … modules fail during the 3 month period. Considering the probabilities of 0,1,2, …,10 modules failing during a 3-month period, what is the expected revenue loss during a 3-month period? Based on this expected loss, should the company purchase business continuity insurance?

Required information

[The following information applies to the questions displayed below.]

Santana Rey created Business Solutions on October 1, 2019. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2019. Santana Rey decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This change allows the company to continue using the existing chart of accounts.

In response to requests from customers, S. Rey 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. Additional accounts (Nos. 119, 413, 414, 415, and 502) are added to its general ledger to accommodate the company’s new merchandising activities. Its transactions for January through March follow:

The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation:

1. The March 31 amount of computer supplies still available totals $2,165.
2. Prepaid Insurance coverage of $690 expired during this 3-month period.
3. Lyn Addie has not been paid for seven days of work at the rate of $155 per day.
4. Prepaid rent of $2,685 expired during this 3-month period.
5. Depreciation on the computer equipment for January 1 through March 31 is $1,190.
6. Depreciation on the office equipment for January 1 through March 31 is $210.
7. The March 31 amount of merchandise inventory still available totals $644.

5. Prepare a statement of retained earnings (from the adjusted trial balance in part 3) for the three months ended March 31, 2020.

Journal Entries During July 2017, Krogue, Inc., completed the following transactions. Prepare journal entry for each transaction. Received $320,000 for 80,000 shares of capital stock. 4 Purchased $100,000 of equipment, with 75% down and 25% on a note payable. Paid utilities of $2,300 in cash. 9 Sold equipment for $15,000 cash (no gain or loss). 13 Purchased $250,000 of supplies, paying 30% down and 70% on credit. Paid $6,000 cash insurance premium for July. 18 Provided services for $81,000 to customers on account to be paid at a later date. /20 Collected $8,500 from accounts receivable. /24 Provided services for $43,000 to customers for cash. /27 Paid property taxes of $1,200. (30 Paid $175,000 of accounts payable for supplies purchased on July 13. July 14

For each of the following two-samples t-tests (problems 1-6): (a) Determine if a F test for the ratio of two variances is appropriate to calculate for the context. If it is appropriate, conduct the analysis and report the result. Include what statistical conclusion you should draw from the analysis (i.e., whether you should conduct a pooled-variance t-test or an unequal-variances t-test). (b) Identify the most appropriate t-test to conduct for the situation/data given. Don’t forget to consider if the context requires one/two-tail tests. (c) Provide a statistical and practical interpretation of your findings.

3. How does cellphone service compare between different cities? The data stored in CellService represents the rating of Verizon and AT&T in 22 different cities (Data extracted from “Best Phones and Services,” Consumer Reports, January 2012, p. 28, 37). Is there evidence of a difference in the mean cellphone service rating between Verizon and AT&T? (Use a 0.05 level of significance)

[The following information applies to the questions displayed below.]

On January 1, 2018, the general ledger of 3D Family Fireworks includes the following account balances:

During January 2018, the following transactions occur:
  

January 2 Provide services to customers for cash, $49,100.
January 6 Provide services to customers on account, $86,400.
January 15 Write off accounts receivable as uncollectible, $3,300.
January 20 Pay cash for salaries, $32,800.
January 22 Receive cash on accounts receivable, $84,000.
January 25 Pay cash on accounts payable, $6,900.
January 30 Pay cash for utilities during January, $15,100.

Record each of the transactions listed above.

a. The company estimates future uncollectible accounts. The company determines $4,300 of accounts receivable on January 31 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 5% of these accounts are estimated to be uncollectible.
b. Supplies at the end of January total $950.
c. Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31.
d. Unpaid salaries at the end of January are $34,900.

2. Record adjusting entries on January 31 for the above transactions.

3. Prepare an adjusted trial balance as of January 31, 2018.

INTERMEDIATE ACCOUNTING

1. Maxpein Company has reclassified certain assets as biological assets. The
total value of the forest assets is P6, 000,000 which comprises:

In the statement of financial portion, what total amount of the forest assets
should be classified as biological assets?
2.Naih Company is a producer of coffee. The entity is considering the valuation
of harvested coffee beans. Industry practice is to value the coffee beans at
market value and uses as reference a local publication “Accounting for
Successful Farms”
On December 31, 2014, the entity has harvested coffee beans costing P3,
000,000 and with fair value less cost of disposal of P3, 500,000 at the point
harvest.
Because of long aging and maturation process after harvest, the harvested
coffee beans were still on hand on December 31, 2015. On such date, the fair
value less cost of disposal is P3, 900,000 and the net realizable value is P3,
200,000.
What is the measurement of the coffee beans inventory on December 31, 2014?
3.On August 1, 2006, Bamco Company purchased a new machine on a deferred
payment basis. A down payment of P100,000 was made and 4 montly
installments of P250,000 each are to be made beginning on September 1, 2006.
The cash equivalent price of the machine was P950,000. Bamco incurred and
paid installation costs amounting to P30,000.
The amount to be capitalized as the cost of the machine is
a. 950,000 b. 980,000 c. 1,100,000 d. 1,130,000
4. On April 30, 2019, Shark Corporation purchased for P 30 per share all 200,000
of Fins Corporation’s outstanding ordinary share. On this date, Fin’s balance sheet
showed net assets of P 5,000,000. Additionally, the fair value of Fin’s identifiable
assets on the same date was P600,000 in excess of their carrying amount.
What amount should Shark report as goodwill in its April 30, 2019 consolidated
balance sheet?

Metropolitan Hydro (MH) is a private company that owns and operates all of the province's electricity generation and transmission systems. It is deciding whether it should follow IFRS or ASPE in the upcoming year. The company must choose now and is looking to analyze the impact of following IFRS or ASPE. Each year, MH must prepare and submit audited financial statements to the government. The company generates and sells electricity to residential and commercial customers. It is committed to the following: Identifying and providing innovative solutions that will improve the reliability and efficiency of electrical delivery Sustainability (including not only profitability but also environmental sustainability)—in this regard, MH has a publicly available environmental policy against which the company is measured by the government The company has just finished a new project to install smart meters in all residential houses. The meters allow residents to track usage and power supply and demand. Each meter is very expensive and will likely become technologically obsolete in three years. MH decided to pursue this strategy nonetheless due to its commitment to sustainability. The company wants all customers to think about using electricity wisely and the meters help with this. The company generally requires a security deposit (amounting to the cost of the meter) when a customer signs up to receive electricity or when the meter is first installed. The value of the meter declines over time and after three years it is worthless. If customers cancel their electricity delivery contract early, they get the full amount back once they return their meters. Otherwise, at the end of three years, MH retains the security deposit and has no obligation to return the cash. MH is rate-regulated. This means that it must ask for government approval whenever it wants to raise the rates that it charges for electricity. Generally, the government allows the company to recover all costs incurred in generating the electricity plus a reasonable profit margin. Therefore, rates are set as being equal to “cost plus reasonable profit margin.” This means that, once approved, the company is able to charge revenues equal to all costs incurred plus a reasonable profit. Under ASPE, special “rate-regulated accounting” exists. One of the features of this special accounting is that companies following rate-regulated accounting are able to defer any losses that are incurred on disposition of assets, on the basis that they can recover these losses from future revenues. IFRS does not allow this. Sometimes MH signs supply contract agreements with other suppliers of electricity to ensure that power supplies to MH customers are not disrupted. Under the terms of these contracts, MH locks in the quantity and price of electricity. However, the contracts do not explicitly include net settlement provisions. Because electricity is a commodity, the contracts may be bought and sold on the regional commodities exchange. MH is concerned about maintaining a consistent supply of electricity to its customers, since many of its generating stations are getting very old and the incidence of breakdown and generating station closures due to the age of the equipment is increasing. There is no market for these old generating stations (and MH would probably replace the capacity with newer, greener forms of electricity, such as wind or solar). Often the land that these stations are sitting on is polluted with chemicals. Technically, since this pollution occurred many years ago in most cases, there are no laws in place to force cleanup. Currently, the company is doing a voluntary land assessment and remediation program to identify the extent of this pollution. The company expects that it would recover all of the cleanup costs it might incur from future revenues through increased customer rates. However, there is always the chance that future governments might change the ability to build these costs into the rates charged to customers. Some of the generating stations are located on lands held by First Nations. The company is negotiating to obtain legal title to the lands but understands that it may have to relocate the assets. The assets in question are material. MH obtains much of its financing through bonds and commercial paper issuances. Therefore, it is important that it retain its good credit ratings. Currently, it has a very good credit rating, awarded by both S&P and Moody's credit rating agencies. This good rating helps keep costs (and therefore customer rates) down. There are debt covenants in the debt agreements that limit the amount of debt as a percentage of total capitalization (total assets). Debt may not exceed 75% of total assets under these covenants. (Currently, the actual debt to total assets ratio is 65%.) Instructions Assume the role of an accounting consultant hired to determine which set of accounting standards to follow. Discuss the financial reporting issues relating to the above. Use the case analysis framework presented in the Case Primer, including an overview, analysis, and recommendations.