Questions
Waterway Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced...

Waterway Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020.

WATERWAY COMPANY
Income Statement
For the Month Ended October 31, 2020

Sales revenue

$794,700

Less:

Operating expenses

Raw materials purchases

$263,200

Direct labor cost

188,000

Advertising expense

92,400

Selling and administrative salaries

77,500

Rent on factory facilities

62,800

Depreciation on sales equipment

45,100

Depreciation on factory equipment

32,600

Indirect labor cost

28,600

Utilities expense

12,600

Insurance expense

8,300 811,100

Net loss

$(16,400)


Prior to October 2020, the company had been profitable every month. The company’s president is concerned about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired additional information as follows.

1. Inventory balances at the beginning and end of October were:

October 1

October 31

Raw materials

$19,000 $35,600

Work in process

19,200 14,600

Finished goods

30,400 53,000


2. Only 75% of the utilities expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities.

Prepare a schedule of cost of goods manufactured for October 2020.

WATERWAY COMPANY
Cost of Goods Manufactured Schedule

choose the accounting period                                                                      October 31, 2020For the Year Ended October 31, 2020For the Month Ended October 31, 2020

$enter a dollar amount

$enter a dollar amount

enter a dollar amount

enter a total of the two previous amounts

enter a dollar amount

$enter a total amount for section one

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount
enter a total amount for section two
enter a total amount for the first part

enter a total amount for the second part

enter a dollar amount

$enter a total amount for this schedule

  

  

Prepare a correct income statement for October 2020.

WATERWAY COMPANY
Income Statement

choose the accounting period                                                                      For the Month Ended October 31, 2020For the Year Ended October 31, 2020October 31, 2020

$enter a dollar amount

$enter a dollar amount

enter a dollar amount

enter a total of the two previous amounts

enter a dollar amount
enter a total amount for section one

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount
enter a total amount for section two

$enter a total net income or loss amount

In: Accounting

Perform and document a two-sample hypothesis test to evaluate the claim "American cars of the past...

Perform and document a two-sample hypothesis test to evaluate the claim "American cars of the past have a significantly different weight than non-americas cars of the past." Document all seven of the hypothesis testing steps.

Data from my calculations:

American Sample

MPG

X-Bar= 20.12

S= 6.36

N=247

Horsepower

X-bar= 119.74

S=39.73

N=248

Not American Sample

MPG

X-bar=29.22

S=6.67

N=151

Horsepower

X-bar=80.93

S=22.12

N=152

Data from both American and non American samples (if needed):

MPG

Mean/X-bar= 23.57

Standard Deviation= 7.84

Count= 398

Horsepower

Mean/X-bar=104.99

Standard Deviation=38.96

Count=400

Please show all work neatly (good handwriting plz), I will thumbs up for quality work :)) Neat handwriting please. No cursive

In: Statistics and Probability

The National Vaccine Information Center estimates that 91.2% of Americans have had chickenpox by the time...

The National Vaccine Information Center estimates that 91.2% of Americans have had chickenpox by the time they reach adulthood.

(a) Calculate the probability that exactly 97 out of 100 randomly sampled American adults had chickenpox during childhood.

(b) What is the probability that exactly 3 out of a new sample of 100 American adults have not had chickenpox in their childhood?

(c) What is the probability that at least 1 out of 10 randomly sampled American adults have had chickenpox?

(d) What is the probability that at most 3 out of 10 randomly sampled American adults have not had chickenpox? We now consider a random sample of 120 American adults.

(e) How many people in this sample would you expect to have had chickenpox in their childhood? And with what standard deviation?

(f) What is the probability that 96 or fewer people in this sample have had chickenpox in their childhood? (round to 4 places)

In: Statistics and Probability

The National Vaccine Information Center estimates that 88.5% of Americans have had chickenpox by the time...

The National Vaccine Information Center estimates that 88.5% of Americans have had chickenpox by the time they reach adulthood.
(a) Calculate the probability that exactly 98 out of 100 randomly sampled American adults had chickenpox during childhood.


(b) What is the probability that exactly 2 out of a new sample of 100 American adults have not had chickenpox in their childhood?


(c) What is the probability that at least 1 out of 10 randomly sampled American adults have had chickenpox?


(d) What is the probability that at most 3 out of 10 randomly sampled American adults have not had chickenpox?



We now consider a random sample of 120 American adults.
(e) How many people in this sample would you expect to have had chickenpox in their childhood?


And with what standard deviation?


(f) What is the probability that 96 or fewer people in this sample have had chickenpox in their childhood? (round to 4 places)

In: Statistics and Probability

Facebook was sued by advertisers for exaggerating performance metrics. In October 2019, Facebook lost a $40m...

Facebook was sued by advertisers for exaggerating performance metrics. In October 2019, Facebook lost a $40m settlement but continues to claim their innocence and is appealing the verdict. Facebook’s FYE is Dec. 31

1a. What is the accounting transaction at October 2019?

1b. What is the accounting transaction at FYE?

2a. What are the audit procedures at October 2019?

2b. What are the audit procedures at FYE?

In: Accounting

EverGlad Bodycare was recently co-founded by two Australian siblings who share a passion for protecting our...

EverGlad Bodycare was recently co-founded by two Australian siblings who share a passion for
protecting our planet and being ethical consumers.
Ann and Oliver Jones, while pursuing their vocational education, realised that people the world over
desire products that are not only good for them but also for the Earth. They wanted to create a line of
skin and hair care products that used all-natural and organic ingredients and were cruelty-free and
ethically sourced.
The brother-sister duo spent months reaching out to local producers to understand which ingredients
could be locally sourced with ease. After much experimentation with the various ingredients, they locked
in their formulae for five product lines: shampoo & conditioner bars; hair masks; soap bars; body oils and
body scrubs. As Ann and Oliver want to use only the best and safest natural ingredients, they realise that
their prices will be high initially, at least until they started manufacturing on a much larger scale. Currently,
they expect to just sell in their home state of South Australia.
As they have no prior business or marketing experience, they approach you to be their marketing
consultant

Which targeting strategy would suit this brand the best? Why? (approx. 150 words)

In: Accounting

Refer to the payoff matrix provided here. In this game between Delta Airlines and American Airlines,...

Refer to the payoff matrix provided here. In this game between Delta Airlines and American Airlines, what is the Nash equilibrium?

Group of answer choices

The Nash equilibrium occurs when both firms offer a discount.

The Nash equilibrium occurs when Delta offers the discount, but American does not.

The Nash equilibrium occurs when American offers the discount, but Delta does not.

The Nash equilibrium occurs when both firms offer no discount.

In: Economics

1. The United States just imposed a tariff on aluminum imports. -What would you expect this...

1. The United States just imposed a tariff on aluminum imports.

-What would you expect this to do to the employment of workers in the American

aluminum industry?

-What would you expect the aluminum tariff to do to the output of the American beverage industry? What does that imply is likely to happen to employment in this industry?

-American farmers have expressed concern about the effects of the new tariffs on farm exports. How might you explain this?

In: Economics

for the following groups of organisms, which would be a better fit for their evolutionary history,...

for the following groups of organisms, which would be a better fit for their evolutionary history, Arrangement 1 or 2? Come up with a brief list of characteristics that some of the organisms share or don't share to support your argument

A. North american large mammals: raccoons, badgers, seals, and bears

B. North american birds: owls, geese, ducks, and eagles

C. North american small mammals: squirrels, otters, possums, and armadillos

In: Biology

Write an essay on this question: Analyze the consequences of the American rule in Puerto Rico,...

Write an essay on this question: Analyze the consequences of the American rule in Puerto Rico, Cuba, and the Philippines. Did the citizens prosper? Enjoy freedom? Accept American rule? Comment on the consequences for the United States with regard to the statement by Eric Foner in the text: "Thus, tow principles central to American freedom since the War of Independence-no taxation without representation and government based on the consent of the governed- were abandoned when it came to the nation's new possesions."

In: Economics