Questions
In the turkey population studied by Krakauer (2005), would you expect to see the formation of...

In the turkey population studied by Krakauer (2005), would you expect to see the formation of coalitions composed of two male first cousins for whom r was 0.125?

In: Biology

RESUBMITTING AS PREVIOUS SUBMISSION BY ANONYMOUS WAS INCORRECT The accompanying table contains the service ratings of...

RESUBMITTING AS PREVIOUS SUBMISSION BY ANONYMOUS WAS INCORRECT

The accompanying table contains the service ratings of 14 different Internet and TV providers. Level of significance is .10. Complete parts​ (a) through​ (d) below

Determine the T Test

Determine the P value

Construct and interpret a 90​% confidence interval estimate of the difference in the mean service rating between TV and Internet services

Provider TV Internet
1 71 74
2 71 75
3 62 65
4 72 77
5 64 66
6 61 62
7 52 55
8 66 71
9 63 66
10 74 78
11 58 61
12 69 73
13 65 69
14 66 71

In: Math

The purchase decision is critical in driving customers to pick which company they will do business...

The purchase decision is critical in driving customers to pick which company they will do business with. How would you use technology to influence customers’ purchase decisions to increase your business’ customer base?

In: Operations Management

QuickE Lube has been monitoring its customer service times over the past 5 days. Each day...

QuickE Lube has been monitoring its customer service times over the past 5 days. Each day they took a sample of 10 customers and recorded the actual service times for those customers. The table below shows the sample mean and sample range for each of the 5 past samples. Excel access Sample 1 2 3 4 5 Mean 22 19 19.4 22.0 21.8 Range 4.4 5.1 3.2 2.9 1.0 What is the three-sigma upper control limits (UCL Only)the company should use to construct an X-bar chart for this service time data?  

In: Operations Management

Esperado Furnishings are retailers who purchase and sell household furnishings, including table lamps. The business uses...

Esperado Furnishings are retailers who purchase and sell household furnishings, including table
lamps. The business uses a perpetual inventory system and adjusts cost of goods sold for any
shortage or excess inventory. The business began the last quarter of 2018 with merchandise
inventory of 10 pairs of “Italia” table lamps at a total cost of $168,200.
The following transactions, relating to the “Italia” brand were completed during the quarter:
October 5 Purchased 15 pairs of lamps at a cost of $17,020 per pair.
October 14 Sold 18 pairs of lamps to Muller Furnishings at $22,250 per pair
October 22 Purchased 24 pairs at a cost of $18,175 per pair but the supplier gave a 4% quantity
discount.
November 10 Sold 15 pairs of lamps to Orion Household Ltd and 10 pairs to Brown’s Furnishings
which yielded total sales revenue of $589,750.
November 12 Owing to an increased demand for this product, 30 pairs of lamps were purchased
on account at a cost of $17,612 per pair. In addition, Esperado paid $288 in
cash on each pair of lamps to have the inventory shipped from the vendor’s
warehouse to Esperado’s showroom.
November 27 Sold 23 pairs of lamps to Middletown Company at a price of $25,080 per pair.
November 30 An actual count of inventory was carried out which revealed that there were 15
pairs of the “Italia” brand in the warehouse.
December 2 In preparation for the festive season, Esperado purchased 25 pairs of lamps at a
total cost of $474,500.
December 15 5 pairs of the lamps purchased on December 2 were returned to the supplier, as
they were not of the brand ordered.
December 30 Sold 22 pairs of lamps to two customers (Omega Traders & Middleton
Furnishings) at a selling price of $26,550 per pair.
All purchases were on account and received on the dates stated.
Required:
i) Prepare a perpetual inventory record for Esperado Furnishings, using the first in, first
out (FIFO) method to determine the value of ending inventory at December 31, 2018, and the
total amount to be assigned to cost of goods sold for the period.
ii) Given that selling, distribution and administrative costs for the quarter were $23,445, $10,250
and$75,435 respectively, prepare an income statement for Esperado Furnishings for the
period, to determine the net profit for the quarter, assuming the perpetual inventory
system.
iii) You are told that 8 pairs of lamps sold on November 27, 2018 were on account. State the
journal entries necessary to record the transactions on November 12 and November 27,
assuming the business uses a: - Perpetual inventory system
- Periodic inventory system
iv) Assuming that Esperado sold 86 pairs of “Italia” brand of lamps during the quarter; determine
the value of ending inventory and cost of goods sold assuming the business used the periodic
system and the LIFO method?

In: Accounting

Esperado Furnishings are retailers who purchase and sell household furnishings, including table lamps. The business uses...

Esperado Furnishings are retailers who purchase and sell household furnishings, including table lamps. The business uses a perpetual inventory system and adjusts cost of goods sold for any shortage or excess inventory. The business began the last quarter of 2018 with merchandise inventory of 10 pairs of “Italia” table lamps at a total cost of $168,200.

The following transactions, relating to the “Italia” brand were completed during the quarter:

October 5

Purchased 15 pairs of lamps at a cost of $17,020 per pair

October 14

Sold 18 pairs of lamps to Muller Furnishings at $22,250 per pair

October 22

Purchased 24 pairs at a cost of $18,175 per pair but the supplier gave a 4% quantity discount.

November 10

Sold 15 pairs of lamps to Orion Household Ltd and 10 pairs to Brown’s Furnishings which yielded total sales revenue of $589,750.

November 12

Owing to an increased demand for this product, 30 pairs of lamps were purchased on account at a cost of $17,612 per pair. In addition, Esperado paid $288 in cash on each pair of lamps to have the inventory shipped from the vendor’s warehouse to Esperado’s showroom.

November 27

Sold 23 pairs of lamps to Middletown Company at a price of $25,080 per pair.

November 30

An actual count of inventory was carried out which revealed that there were 15 pairs of the “Italia” brand in the warehouse.

December 2

In preparation for the festive season, Esperado purchased 25 pairs of lamps at a total cost of $474,500.

December 15

5 pairs of the lamps purchased on December 2 were returned to the supplier, as they were not of the brand ordered.

December 30

Sold 22 pairs of lamps to two customers (Omega Traders & Middleton Furnishings) at a selling price of $26,550 per pair.

All purchases were on account and received on the dates stated. Required:

  1. Prepare a perpetual inventory record for Esperado Furnishings, using the first in, first out (FIFO) method to determine the value of ending inventory at December 31, 2018, and the total amount to be assigned to cost of goods sold for the period.

  1. Given that selling, distribution and administrative costs for the quarter were $23,445, $10,250 and$75,435 respectively, prepare an income statement for Esperado Furnishings for the period, to determine the net profit for the quarter, assuming the perpetual inventory system.

  1. You are told that 8 pairs of lamps sold on November 27, 2018 were on account. State the journal entries necessary to record the transactions on November 12 and November 27, assuming the business uses a:

- Perpetual inventory system

- Periodic inventory system

  1. Assuming that Esperado sold 86 pairs of “Italia” brand of lamps during the quarter; determine the value of ending inventory and cost of goods sold assuming the business used the periodic system and the LIFO method?

In: Accounting

Esperado Furnishings are retailers who purchase and sell household furnishings, including table lamps. The business uses...

Esperado Furnishings are retailers who purchase and sell household furnishings, including table lamps. The business uses a perpetual inventory system and adjusts cost of goods sold for any shortage or excess inventory. The business began the last quarter of 2018 with merchandise inventory of 10 pairs of “Italia” table lamps at a total cost of $168,200.

The following transactions, relating to the “Italia” brand were completed during the quarter:

October 5 Purchased 15 pairs of lamps at a cost of $17,020 per pair.

October 14 Sold 18 pairs of lamps to Muller Furnishings at $22,250 per pair

October 22 Purchased 24 pairs at a cost of $18,175 per pair but the supplier gave a 4% quantity discount.

November 10 Sold 15 pairs of lamps to Orion Household Ltd and 10 pairs to Brown’s Furnishings which yielded total sales revenue of $589,750.

November 12 Owing to an increased demand for this product, 30 pairs of lamps were purchased on account at a cost of $17,612 per pair. In addition, Esperado paid $288 in cash on each pair of lamps to have the inventory shipped from the vendor’s warehouse to Esperado’s showroom.

November 27 Sold 23 pairs of lamps to Middletown Company at a price of $25,080 per pair.

November 30 An actual count of inventory was carried out which revealed that there were 15 pairs of the “Italia” brand in the warehouse.

December 2 In preparation for the festive season, Esperado purchased 25 pairs of lamps at a total cost of $474,500.

December 15 5 pairs of the lamps purchased on December 2 were returned to the supplier, as they were not of the brand ordered.

December 30 Sold 22 pairs of lamps to two customers (Omega Traders & Middleton Furnishings) at a selling price of $26,550 per pair. All purchases were on account and received on the dates stated. Required:

A) Prepare a perpetual inventory record for Esperado Furnishings, using the first in, first out (FIFO) method to determine the value of ending inventory at December 31, 2018, and the total amount to be assigned to cost of goods sold for the period.

B) Given that selling, distribution and administrative costs for the quarter were $23,445, $10,250 and$75,435 respectively, prepare an income statement for Esperado Furnishings for the period, to determine the net profit for the quarter, assuming the perpetual inventory system.

c) You are told that 8 pairs of lamps sold on November 27, 2018 were on account. State the journal entries necessary to record the transactions on November 12 and November 27, assuming the business uses a: - Perpetual inventory system - Periodic inventory system

D) Assuming that Esperado sold 86 pairs of “Italia” brand of lamps during the quarter; determine the value of ending inventory and cost of goods sold assuming the business used the periodic system and the LIFO method?

In: Accounting

Zagat’s publishes restaurant ratings for various locations in the United States. The file Restaurants contains the...

Zagat’s publishes restaurant ratings for various locations in the United States. The file Restaurants contains the Zagat rating for food, décor, service, and the cost per person for a sample of 100 restaurants located in New York City and in a suburb of New York City. Develop a regression model to predict the cost per person, based on a variable that represents the sum of the ratings for food, décor, and service.

a. Construct a scatter plot.

b. Assuming a linear relationship, use the least-squares method to compute the regression coefficients b0 and b1.

c. Interpret the meaning of the Y-intercept, b0, and the slope, b1, in this problem.

d. Predict the mean cost per person for a restaurant with a summated rating of 50.

e. What should you tell the owner of a group of restaurants in this geographical area about the relationship between the summated rating and the cost of a meal?

Location Food Décor Service Summated Rating Coded Location Cost
City 22 14 19 55 0 33
City 20 15 20 55 0 26
City 23 19 21 63 0 43
City 19 18 18 55 0 32
City 24 16 18 58 0 44
City 22 22 21 65 0 44
City 22 20 20 62 0 50
City 20 19 19 58 0 42
City 21 17 19 57 0 44
City 20 18 18 56 0 36
City 23 22 24 69 0 61
City 20 19 20 59 0 50
City 21 19 21 61 0 51
City 24 19 21 64 0 50
City 25 23 23 71 0 76
City 22 21 21 64 0 53
City 23 15 22 60 0 44
City 26 22 24 72 0 77
City 21 23 21 65 0 57
City 24 15 19 58 0 43
City 21 15 19 55 0 29
City 23 16 16 55 0 34
City 25 21 26 72 0 77
City 22 20 21 63 0 50
City 26 25 24 75 0 74
City 23 21 21 65 0 56
City 22 19 17 58 0 67
City 26 20 23 69 0 57
City 26 23 25 74 0 66
City 24 23 24 71 0 80
City 22 23 23 68 0 68
City 24 16 23 63 0 42
City 20 17 19 56 0 48
City 25 19 23 67 0 60
City 23 20 21 64 0 35
City 21 19 22 62 0 45
City 20 16 18 54 0 32
City 23 15 18 56 0 25
City 26 24 24 74 0 74
City 21 18 18 57 0 43
City 22 16 19 57 0 39
City 19 23 21 63 0 55
City 24 19 21 64 0 65
City 23 16 20 59 0 35
City 24 26 22 72 0 61
City 21 17 18 56 0 37
City 21 17 19 57 0 54
City 23 19 22 64 0 41
City 23 19 21 63 0 33
City 23 14 19 56 0 27
Suburban 24 20 22 66 1 47
Suburban 22 18 22 62 1 48
Suburban 18 13 18 49 1 35
Suburban 22 23 20 65 1 59
Suburban 22 18 24 64 1 44
Suburban 23 25 24 72 1 51
Suburban 20 12 18 50 1 37
Suburban 19 18 19 56 1 36
Suburban 22 19 21 62 1 43
Suburban 27 21 27 75 1 52
Suburban 19 14 18 51 1 34
Suburban 22 11 19 52 1 38
Suburban 24 22 24 70 1 51
Suburban 19 15 19 53 1 34
Suburban 21 23 21 65 1 51
Suburban 21 19 21 61 1 34
Suburban 23 19 23 65 1 51
Suburban 23 20 22 65 1 56
Suburban 21 13 19 53 1 26
Suburban 24 19 22 65 1 34
Suburban 20 18 20 58 1 34
Suburban 24 22 24 70 1 44
Suburban 23 17 22 62 1 40
Suburban 23 16 21 60 1 31
Suburban 23 18 22 63 1 54
Suburban 19 12 22 53 1 41
Suburban 22 17 21 60 1 50
Suburban 26 27 24 77 1 71
Suburban 22 21 23 66 1 60
Suburban 19 15 17 51 1 37
Suburban 21 12 20 53 1 27
Suburban 26 18 22 66 1 34
Suburban 22 25 21 68 1 48
Suburban 21 21 21 63 1 39
Suburban 20 20 20 60 1 44
Suburban 22 18 22 62 1 41
Suburban 23 20 19 62 1 37
Suburban 24 21 23 68 1 47
Suburban 23 27 22 72 1 67
Suburban 24 24 22 70 1 68
Suburban 26 17 24 67 1 49
Suburban 22 22 19 63 1 29
Suburban 24 18 22 64 1 33
Suburban 20 19 20 59 1 39
Suburban 26 19 23 68 1 39
Suburban 22 15 21 58 1 28
Suburban 18 20 18 56 1 46
Suburban 26 27 25 78 1 70
Suburban 25 26 23 74 1 60
Suburban 22 25 22 69 1 52

In: Math

Bev’s Dry Cleaners is owned and operated by Beverly Zahn. A building and equipment are currently...

Bev’s Dry Cleaners is owned and operated by Beverly Zahn. A building and equipment are currently being rented, pending expansion to new facilities. The actual work of dry cleaning is done by another company for a fee. The assets and the liabilities of the business on November 1, 2019, are as follows: Cash, $16,590; Accounts Receivable, $33,970; Supplies, $3,160; Land, $39,500; Accounts payable, $14,220. Business transactions during November are summarized as follows:
Beverly Zahn invested additional cash in the business with a deposit of $33,000 in the business bank account.
Purchased land adjacent to land currently owned by Bev’s Dry Cleaners to use in the future as a parking lot, paying cash of $16,500.
Paid rent for the month, $20,150.
Charged customers for dry cleaning revenue on account, $6,040.
Paid creditors on account, $2,820.
Purchased supplies on account, $14,910.
Received cash from cash customers for dry cleaning revenue, $32,230.
Received cash from customers on account, $40,290.
Received monthly invoice for dry cleaning expense for November (to be paid on December 10), $16,120.
Paid the following: wages expense, $8,860; truck expense, $3,220; utilities expense, $3,420; miscellaneous expense, $1,530.
Determined that the cost of supplies on hand was $2,220; therefore, the cost of supplies used during the month was $3,760.
Withdrew $9,300 cash for personal use.
Required:
1. Determine the amount of Beverly Zahn’s capital as of November 1.
$
2. Use the attached spreadsheet to complete part 2. Click on the Spreadsheet icon above to open and save the Excel file to your computer. Your input into the spreadsheet will not be included in your grade in CengageNOW on this problem.
Enter the assets, liabilities, and owner's equity as of November 1 in equation form similar to that shown in this chapter. In tabular form below the equation, indicate increases and decreases resulting from each transaction and the new balances after each transaction.
3. Using the balances from the spreadsheet, prepare an income statement for November, a statement of owner's equity for November, and a balance sheet as of November 30. Use a minus sign to indicate a net loss if applicable.
Income Statement


1
2
3
$
4
5
6
7
8
9
10
11
$

Statement of Owner's Equity


1
$
2
$
3
4
5
6
$

Balance sheet as of November 30:
When entering assets, enter them in order of liquidity.
Balance Sheet


1
2
$
$
3
4
5

6
$
$

4. Prepare a statement of cash flows for November:
Use the minus sign to indicate cash outflows, decreases in cash, and cash payments.
Statement of Cash Flows


1 Cash flows from operating activities:
2
$
3
4 Net cash flow from operating activities $
5 Cash flows used for investing activities:
6
7 Cash flows from financing activities:
8
$
9
10 Net cash flow from financing activities
11 Net Increase in cash during November $
12 Cash balance, November 1, 2019
13 Cash balance, November 30, 2019 $

In: Accounting

Willow Brook National Bank operates a drive-up teller window that allows customers to complete bank transactions...

Willow Brook National Bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekday mornings, arrivals to the drive-up teller window occur at random, with an arrival rate of 24 customers per hour or 0.4 customers per minute. Also assume that the service times for the drive-up teller follow an exponential probability distribution with a service rate of 36 customers per hour, or 0.6 customers per minute. Determine the probabilities of 0, 1, 2, and 3 customers in the system. Round your answers to 4 decimal places. n P(n) 0 1 2 3 What is the probability that more than three customers will be in the drive-up teller system at the same time? Round your answer to 4 decimal places. P (n > 3) =

In: Statistics and Probability