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 |
||||||
|---|---|---|---|---|---|---|
|
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 |
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|---|---|---|---|---|---|---|
|
$enter a dollar amount |
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$enter a dollar amount |
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| enter a dollar amount | ||||||
|
enter a total of the two previous amounts |
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| enter a dollar amount | ||||||
|
$enter a total amount for section one |
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|
enter a dollar amount |
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|
enter a dollar amount |
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|
enter a dollar amount |
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|
enter a dollar amount |
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|
enter a dollar amount |
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| 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 |
||||
|---|---|---|---|---|
|
$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 |
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|
enter a dollar amount |
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|
enter a dollar amount |
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| 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 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 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 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 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 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, 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 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, 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
In: Economics