Shannon Company segments its income statement in its North and South Division. The company’s overall sales, contribution margin ratio, and net operating income are $420,000, 50%, and $21,000, respectively. The North Division’s contribution margin and contribution margin ratio are $112,500 and 75%, respectively. The South Division’s segment margin is $35,000. The company has $63,000 of common fixed expenses that cannot be traced to either division. Required: Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. (Round your percentage answers to 1 decimal place (i.e .1234 should be entered as 12.3))
In: Accounting
1. What trends do you notice in your data set? 2. Based on the trends and the history of your data set, make a claim. What kind of test (left, right, two tailed) would you have to complete? 3. Explain the steps needed to complete the Hypothesis Test. What is needed? Medical Prep Institute of Tampa Bay $25,823 Sanford-Brown College Online $14,667 South University Tampa $17,014 Strayer University-Florida $13,515 The University of Tampa $29,992 University of South Florida-Main Campus $6,410 Average $17,904
In: Statistics and Probability
At a certain bank, we have the following independent random samples of balances on the checks account statements for customers of two of its branches:
|
Branch office |
Number of checks accounts |
Sample´s mean of balances |
Sample´s standard deviaton |
|
North |
12 |
$1,100.00 |
$120.00 |
|
South |
10 |
$950.00 |
$100.00 |
Determine the 90% confidence interval for the difference in balances at the two branches. Suppose the population standard deviations are equal.
With a 90% confidence level, you can ensure that the average balance in the North branch is greater than that of the South branch, being the difference between $ 67.70 and $ 232.30
In: Statistics and Probability
Two cars collide at an intersection. Car A, with a mass of 2000 kg , is going from west to east, while car B, of mass 1400 kg , is going from north to south at 14.0 m/s . As a result of this collision, the two cars become enmeshed and move as one afterwards. In your role as an expert witness, you inspect the scene and determine that, after the collision, the enmeshed cars moved at an angle of 60.0 ∘ south of east from the point of impact. How fast were the enmeshed cars moving just after the collision? How fast was car A going just before the collision?
In: Physics
Activity 2: E-Commerce
TASKS
2.1 Identify an online e-commerce store of your choice and clearly show with evidence how they are abiding or diverting from the South African Protection of Personal Information Act 4 of 2013.
2.2 E-commerce stores adopt different Payment Systems for Electronic Commerce. Identify the different payment methods adopted by any clothing online store of your choice. Provide evidence supporting your responses.
2.3 Highlight security measures that have been adopted by e-commerce stores in South Africa and state the advantages and disadvantages of each.
In: Economics
QUESTION 1
Which of the following statements is/are correct? The balance on
the financial account of R105 668m in 2009 indicates…
(a) the value of the stock of the assets and liabilities.
(b) the net change in South Africa’s foreign assets and
liabilities.
(c) that the flows of inward investment by foreigners exceeded the
flows of outward investment by south African residents
QUESTION 2
Which of the following statements is/are correct?
(a) The value of net gold exports was higher in 2009 than in
2002.
(b) There is a declining trend in the relative contribution of gold
exports to the balance of trade.
(c) In 1998 gold exports comprised nearly half of all merchandise
exports
In: Economics
shannon company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ration, and net operating income are $1,020,000, 38%, and $20,400 respectively. The North Division's contribution margin and contribution margin ratio are $142,800 and 42% respectively. The south Division's segment margin is $163,200. The company has $244,800 of common fixed expenses that cannot be traced to either divisions. Prepare an income statement for Shannon Company that uses the contribution format and is segmented by division. In addition, for the company as whole and for each segment show each item on the segmented income statements as percent of sales.
In: Accounting
Two cars collide at an intersection. Car A, with a mass of 1900 kg , is going from west to east, while car B , of mass 1400 kg , is going from north to south at 17 m/s . As a result of this collision, the two cars become enmeshed and move as one afterwards. In your role as an expert witness, you inspect the scene and determine that, after the collision, the enmeshed cars moved at an angle of 60 ∘ south of east from the point of impact. How fast were the enmeshed cars moving just after the collision? How fast was car A going just before the collision?
In: Physics
In: Computer Science
Problem 15-4 (Algo) Finance/sales-type lease; lessee and lessor [LO15-1, 15-2, 15-3]
Rand Medical manufactures lithotripters. Lithotripsy uses shock
waves instead of surgery to eliminate kidney stones. Physicians’
Leasing purchased a lithotripter from Rand for $2,590,000 and
leased it to Mid-South Urologists Group, Inc., on January 1, 2021.
(FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of
$1) (Use appropriate factor(s) from the tables
provided.)
| Lease Description: | |||
| Quarterly lease payments | $ | 183,247—beginning of each period | |
| Lease term | 5 years (20 quarters) | ||
| No residual value; no purchase option | |||
| Economic life of lithotripter | 5 years | ||
| Implicit interest rate and lessee's incremental borrowing rate | 16% | ||
| Fair value of asset | $ | 2,590,000 | |
Required:
1. How should this lease be classified by Mid-South
Urologists Group and by Physicians' Leasing?
2. Prepare appropriate entries for both Mid-South
Urologists Group and Physicians' Leasing from the beginning of the
lease through the second rental payment on April 1, 2021. Adjusting
entries are recorded at the end of each fiscal year (December
31).
3. Assume Mid-South Urologists Group leased the
lithotripter directly from the manufacturer, Rand Medical, which
produced the machine at a cost of $2.2 million. Prepare appropriate
entries for Rand Medical from the beginning of the lease through
the second lease payment on April 1, 2021.
In: Accounting