Chamberlain Enterprises Inc. reported the following receivables in its December 31, 2016, year-end balance sheet:

Additional Information:

1.  The notes receivable account consists of two notes, a $60,000 note and a $200,000 note. The $60,000 note is dated October 31, 2016, with principal and interest payable on October 31, 2017. The $200,000 note is dated June 30, 2016, with principal and 6% interest payable on June 30, 2017.

2.  During 2017, sales revenue totaled $1,340,000, $1,280,000 cash was collected from customers, and $22,000 in accounts receivable were written off. All sales are made on a credit basis. Bad debt expense is recorded at year-end by adjusting the allowance account to an amount equal to 10% of year-end accounts receivable.

3.  On March 31, 2017, the $200,000 note receivable was discounted at the Bank of Commerce. The bank’s discount rate is 8%. Chamberlain accounts for the discounting as a sale.

Required:

1.  In addition to sales revenue, what revenue and expense amounts related to receivables will appear in Chamberlain’s 2017 income statement?

2.  What amounts will appear in the 2017 year-end balance sheet for accounts receivable?

3.  Calculate the receivables turnover ratio for 2017.

Chamberlain Enterprises Inc. reported the following receivables in its December 31, 2016, year-end balance sheet:

Additional Information:

1.  The notes receivable account consists of two notes, a $60,000 note and a $200,000 note. The $60,000 note is dated October 31, 2016, with principal and interest payable on October 31, 2017. The $200,000 note is dated June 30, 2016, with principal and 6% interest payable on June 30, 2017.

2.  During 2017, sales revenue totaled $1,340,000, $1,280,000 cash was collected from customers, and $22,000 in accounts receivable were written off. All sales are made on a credit basis. Bad debt expense is recorded at year-end by adjusting the allowance account to an amount equal to 10% of year-end accounts receivable.

3.  On March 31, 2017, the $200,000 note receivable was discounted at the Bank of Commerce. The bank’s discount rate is 8%. Chamberlain accounts for the discounting as a sale.

Required:

1.  In addition to sales revenue, what revenue and expense amounts related to receivables will appear in Chamberlain’s 2017 income statement?

2.  What amounts will appear in the 2017 year-end balance sheet for accounts receivable?

3.  Calculate the receivables turnover ratio for 2017.

Chamberlain Enterprises Inc. reported the following receivables in its December 31, 2016, year-end balance sheet:

Additional Information:

1.  The notes receivable account consists of two notes, a $60,000 note and a $200,000 note. The $60,000 note is dated October 31, 2016, with principal and interest payable on October 31, 2017. The $200,000 note is dated June 30, 2016, with principal and 6% interest payable on June 30, 2017.

2.  During 2017, sales revenue totaled $1,340,000, $1,280,000 cash was collected from customers, and $22,000 in accounts receivable were written off. All sales are made on a credit basis. Bad debt expense is recorded at year-end by adjusting the allowance account to an amount equal to 10% of year-end accounts receivable.

3.  On March 31, 2017, the $200,000 note receivable was discounted at the Bank of Commerce. The bank’s discount rate is 8%. Chamberlain accounts for the discounting as a sale.

Required:

1.  In addition to sales revenue, what revenue and expense amounts related to receivables will appear in Chamberlain’s 2017 income statement?

2.  What amounts will appear in the 2017 year-end balance sheet for accounts receivable?

3.  Calculate the receivables turnover ratio for 2017.

Chamberlain Enterprises Inc. reported the following receivables in its December 31, 2016, year-end balance sheet:

Additional Information:

1.  The notes receivable account consists of two notes, a $60,000 note and a $200,000 note. The $60,000 note is dated October 31, 2016, with principal and interest payable on October 31, 2017. The $200,000 note is dated June 30, 2016, with principal and 6% interest payable on June 30, 2017.

2.  During 2017, sales revenue totaled $1,340,000, $1,280,000 cash was collected from customers, and $22,000 in accounts receivable were written off. All sales are made on a credit basis. Bad debt expense is recorded at year-end by adjusting the allowance account to an amount equal to 10% of year-end accounts receivable.

3.  On March 31, 2017, the $200,000 note receivable was discounted at the Bank of Commerce. The bank’s discount rate is 8%. Chamberlain accounts for the discounting as a sale.

Required:

1.  In addition to sales revenue, what revenue and expense amounts related to receivables will appear in Chamberlain’s 2017 income statement?

2.  What amounts will appear in the 2017 year-end balance sheet for accounts receivable?

3.  Calculate the receivables turnover ratio for 2017.

Development of the world population between 1960 and 2005.

Based on the data, construct a linear regression model M in which the population of the globe is explained over time. For how many people does the model predict the population to grow at an annual rate? Please provide an answer with at least two significant digits.

--> I only need the answer, no explation needed :) Thank you!

Question 2: Job Description is also referred to as a document that provides information regarding the tasks, duties, and responsibilities of the job (Mondy & Noe, 2005), while the Job Specification underlines the minimum acceptable qualification that a person should possess in order to perform a particular job (Mondy & Noe, 2005).

a) Develop a Job Description for the position of Director of Human Resource. You are required to include duties and responsibilities, reporting line, special duties and working conditions.

b) Develop Job Specification for the above position including qualification, related experience, skills, knowledge, behavior, and special demands

Problem 4: Antismoking Campaign (no data set is posted for this problem).

From 2005 to 2015, an intensive antismoking campaign has been sponsored by the U.S federal government. Suppose in both years, the American Cancer Society randomly and independently sampled 2,000 adults. In 2005, they discovered 418 of the 2,000 sampled defined themselves as smokers. In 2015, they discovered 302 of the 2,000 sampled defined themselves as smokers.

1. Define the population parameter in context in one sentence.

2. Calculate the two sample proportions separately and then calculate the estimate of the parameter by subtracting (2005 sample – 2015 sample). Present each of these values in your solutions.

3. Only check the large sample conditions for this inference. Show your work for the numerical calculations.

4. Construct the 90% confidence interval in StatCrunch using Proportion Stats à Two Sample à With Summary.

5. Does your confidence interval capture 0? Answer this question in one sentence and discuss what that means in relation to a two-sided hypothesis test.

On January 1, 2005, Technocraft, Inc., acquired a patent that was used for manufacturing semiconductor-based electronic circuitry. The patent was originally recorded in Technocraft's ledger at its cost of $1,779,000. Technocraft has been amortizing the patent over an expected economic life of 10 years. Residual value was assumed to be zero. Technocraft sued another company for infringing on its patent. On January 1, 2012, Technocraft spent $180,000 on this suit and won a judgment to recover the $180,000 plus damages of $500,000. The sued company paid the $680,000. 1.Prepare the journal entry to record the award of $680,000 on January 1, 2012. 2. Indicate the entry you would have made had Technocraft lost the suit. (Assume that the patent would be valueless if Technocraft had lost the suit.) 3.What are the financial statement effects of capitalizing or expensing the cost of defending the patent? 4.Prepare the necessary journal entry on December 31, 2011. 5.Prepare the necessary journal entry on January 1, 2012, to record the expenditure of $180,000 to defend the patent.

Multi-Screen TV, Inc., is a Cleveland i-based importer and distributor of large screen HDTVs for residential and commercial customers. Revenue and cost relations are as follows:

TR = $1000Q - .1Q2

TC = $43,500 +100Q + 0.4Q2

A. Calculate output, marginal revenue, marginal cost, average cost, price, and profit at the average total cost-minimizing activity level. (Hint - MC passes through the minimum point on the ATC curve)

B. Calculate these values at the profit-maximizing activity level.

C. Compare and discuss your answers to parts A and B.

An insurance company has three types of annuity products: indexed annuity, fixed annuity, and variable annuity. You are given:

• None of the customers have both fixed annuity and variable annuity.
• 40% of the customers with fixed annuity also have indexed annuity.
• Half of the customers with two annuity products have variable annuity.
• 60% of the customers have indexed annuity.
• The number of customers who have only the variable annuity is the same as the number of customers who have two annuity products.
• All customers have at least one type of annuity.

Determine the proportion of the customers who only have the indexed annuity.