Oriole Company sells outdoor grilling products, providing gas and charcoal grills, accessories, and installation services for custom patio grilling stations. Respond to the requirements related to the following independent revenue arrangements for Oriole products and services. Oriole offers contract MG100 which is comprised of a free-standing gas grill for small patio use plus installation to a customer’s gas line for a total price $1,150. On a standalone basis, the grill sells for $800 (cost $400), and Oriole estimates that the fair value of the installation service (based on cost-plus estimation) is $200. Oriole signed 30 MG100 contracts on May 30, 2021, and customers paid the contract price in cash. The grills were delivered and installed on June 15, 2021.

1- Prepare journal entries for Oriole for MG100 in May and June 2021

2-Oriole sells its specialty combination gas/wood-fired grills to local restaurants. Each grill is sold for $1,600 (cost $610) on credit with terms 3/20, net/60. Prepare the journal entries for the sale of 35 grills on August 1, 2021, and upon payment, assuming the customer paid on (1) August 20, 2021, and (2) September 29, 2021. Assume the company records sales net.

1. An investor uses 3-month Eurodollar futures contracts to lock in the rate of interest paid on a $25 million floating rate note for the next nine months.   Assume that Eurodollar futures contracts which mature in 3 months, 6 months and 9 months are traded. What should the investor do? Should the investor buy or sell contracts? How many contracts should the investor trade? Which maturities should the investor choose?

Question 9 (2.5 points)

Consider a good for which there is a positive externality. If this good were provided by the market, then

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Question 10 (2.5 points)

If Nick drives less carefully after obtaining car insurance

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Question 11 (2.5 points)

________is a good that is non-excludable and rival in consumption

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Question 12 (2.5 points)

___________is a claim that the government should aim to maximize the well-being of the worst off person in society

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You own a small company. Last year you conducted a study to learn more about your customers. You found that the mean age of your customers was 31.84 years with a standard deviation of 9.84 years. This year you take a random sample of 60 customers. What is the probability that the mean age of those 60 customers is greater than 33 years?

Data show that men between the ages of 20 and 29 in a general population have a mean height of 69.3​ inches, with a standard deviation of 2.9 inches. A baseball analyst wonders whether the standard deviation of heights of​ major-league baseball players is less than 2.9 inches. The heights​ (in inches) of 20 randomly selected players are shown in the table.

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Car Rental Management System in C++

The aim of this project is to design and implement a computerized Car Rental Management System for a company called COEN244Cars.

The company rents two types of cars: standard and luxury cars. A car is identified by a car identification number (int), a type (string), and a flag that indicates whether the car is currently available or not. The company distinguishes between three types of customers: regular customers, corporate customers, and VIPs (Very Important Persons). A customer is identified by a customer number (int), name (string), address (string), and a telephone number (string). A corporate customer has the following additional attributes: The name (string) and address of the customer’s company (string). Furthermore, the customers have different types of privileges. A regular customer can only rent standard cars for a maximum period of 20 days. Corporate customers and VIPs can rent all types of cars. However, corporate customers can rent a car for a maximum period of 35 days, whereas VIPs can rent a car for a maximum period of 45 days. Using your system, the COEN244Car company should be able to do the following tasks:

a) Add a new car to the inventory

b) Remove an existing car from the inventory

c) Register new customers

d) Remove a given customer from the customer’s list

e) Rent a car to a customer

f) Return a car and update car information

g) Return the privileges of a particular customer.

h) Change the privileges (e.g., modify the rental period for regular customers to 25).

i) Determine whether a given car is rented or not

j) Determine whether a given customer has rented a car

k) Determine whether a given car is a regular customer, corporate, or VIP.

l) Determine the types of cars rented by a customer of a given company.

Question 1

A. Implement the class or classes that represent the car information.

B. Implement the class or classes that represent the company’s customers.

C. Implement the class CarRentalManagement that supports the functions (a) to (l)

Notes: Provide all the necessary data members, constructors, copy constructors, destructors, and member functions.

Include the run result.

Required:

a. Record the transactions in the general journal.

b. Post into the T-accounts.

c. Record and post the appropriate adjustingentries.

d. Prepare an adjusted trial balance.

e. Prepare an income statement, statement of retained earnings, and balance sheet for May.

Exercise 1-2 Accrual accounting [LO1-2]

Listed below are several transactions that took place during the second and third years of operations for RPG Company.

In addition, you learn that the company incurred advertising costs of $35,000 in year 2, owed the advertising agency $6,000 at the end of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts on receivables, and the rent payment was for a two-year period, year 2 and year 3.

Required:
1. Calculate accrual net income for both years.
2. Determine the amount due the advertising agency that would be shown as a liability on RPG’s balance sheet at the end of year 2.

What three conceptual factors affect the decision as to when to recognize revenue.

What are the three revenue recognition alternatives?

Under what circumstances does a company recognize revenue prior to the completion of the earnings process?

Under what circumstances does a company use the percentage of completion method for long term contracts?

How may the departure from the principle of recognizing revenue only at the completion of the earnings process be justified when a company uses the percentage of completion method.

Describe input ad output measures used in the percentage of completion method. Give an example of each.

How does a company account for losses under the two methods of accounting for long term construction contracts?

How does a company classify the following accounts in its financial statements: Construction in Progress, Partial billings, Construction Revenue, and Construction Expense?

Describe the difference between the cost recovery method and the installment method of revenue recognition.

When a contract has multiple elements (multiple deliverables), how does GAAP determine if one of the elements should be considered a separate unit of accounting?

Distinguish between the initial franchise fee and continuing franchise fee. When is each recognized as revenue?

How is revenue recognized for real estate sales?

In a consignment, does consignee or consignor retain title to the property? When is revenue recognized by the consignor? The consignee?

On Monday, May 15, 2017, you bought (traded) the XZX, Inc. 8.25% corporate bonds with a trading value of $96.50 price. The coupon payments are paid on March 31 and September 30. Using the 360-day accrual basis, calculate the invoice price of the bond. Please use T+3 to calculate the settlement day (use 2 decimals)