One can find out date of the month when someone was born by asking five questions. Each question asks whether the day is in one of the five sets of numbers below

1 3 5 7          2 3   6   7             4 5   6 7             8 9 10 11           16 17 18 19

9 11 13 15                  10 11 14 15          12 13 14 15          12 13 14 15          20 21 22 23

17 19 21 23                18 19 22 23          20 21 22 23          24 25 26 27          24 25 26 27

25 27 29 31                26 27 30 31          28 29 30 31          28 29 30 31          28 29 30 31

   Set1                              Set 2                      Set 3                    Set 4                    Set 5         

The birthday is the sum of the first numbers in the set where the day appears. For example, if the birthday is 19, it appears in Set 1, Set 2, and Set 5.

The first numbers in these three sets are 1, 2, and 16 whose sum is 19.

Write a C++ program using arrays that prompts the user to answer whether the day is in Sets 1‐5. If the number is in the particular set, the program adds the first number in the sets to calculate the day of the month. An array must be used in the problem. Refer to the sample output below.

Sample Run:

Is your birthday in Set 1?

1 3    5    7

9   11 13 15

17 19 21 23

25 27 29 31

Enter 0 for No and 1 for Yes: 1

Is your birthday in Set 2?

2 3 6 7

10 11 14 15

18 19 22 23

26 27 30 31

Enter 0 for No and 1 for Yes: 1

Is your birthday in Set 3?

4 5   6   7

12 13 14 15

20 21 22 23

28 29 30 31

Enter 0 for No and 1 for Yes: 1

Is your birthday in Set 4?

8 9 10 11

12 13 14 15

24 25 26 27

28 29 30 31

Enter 0 for No and 1 for Yes: 0

Is your birthday in Set 5?

16 17 18 19

20 21 22 23

24 25 26 27

28 29 30 31

Enter 0 for No and 1 for Yes: 0

Your birthday is on day: 7

The following information is used for the following two questions. Ping and Slazenger Company (its 90% owned affiliate) reported the following income information for year X1: Ping Slazenger Revenue 300,000 100,000 Cost of Sales 120,000 40,000 Selling, General, and Adm Expenses 40,000 20,000 Depreciation 20,000 10,000 Investment Income ? Total Net Income ? 30,000 During Year X1, Slazenger made sales of $20,000 to Ping. Slazenger’s Cost of Sales was $10,000. As of 12/31/X1, Ping had still owned 60% of the units acquired from Slazenger. Based on this information, how much Consolidated Income should Ping report? Select one: a. $140,000 b. $144,000 c. $146,000 d. $150,000 e. None of the Above

The next two questions are based on the following information: Assume that Meridian Company acquired 1,000 shares of of Slim Company's common stock for $10 per share on 1/1/X1 and adopted the fair value (FV) accounting method. On 1/1/X1, Slim had 10,000 shares outstanding and its equity book value included $50,000 Capital Stock and $50,000 of Retained Earnings. During year X1, Slim reported a $50,000 net income and paid dividends of $1 per share. on 12/31/X1, Slim's stock traded at $16 per share. How much investment income should Meridian recognize in year X1?

Select one:

a. $1,000

b. $5,000

c. $6,000

d. $7,000

e. None of the Above

Question 22

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This question is a continuation of the previous question about Meridian and Slim. On 1/1/X2, Meridian purchased 5,000 shares of Slim stock for $17 per share and elected Meridian's CEO and CFO to Slim's Board of Directors. An appraisal of Slim's assets could not identify any asset groups that were mis-valued. During year X2, Slim reported earnings per common share of $6 and paid a dividend of $1 per share. On 12/31/X2, Slim stock traded at $21 per share. Based on this information, Meridian's investments in Slim should be reported at which of the following amounts on 12/31/X2?

Select one:

a. $125,000

b. $131,000

c. $132,000

d. $138,000

e. None of the Above

1. Net Present Value MethodA series of equal cash flows at fixed intervals.—Annuity

   Briggs Excavation Company is planning an investment of $153,700 for a bulldozer. The bulldozer is expected to operate for 1,000 hours per year for seven years. Customers will be charged $130 per hour for bulldozer work. The bulldozer operator costs $34 per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $10,000. The bulldozer uses fuel that is expected to cost $45 per hour of bulldozer operation.

   Present Value of an Annuity of $1 at Compound Interest
   Year	6%	10%	12%	15%	20%
   1	0.943	0.909	0.893	0.870	0.833
   2	1.833	1.736	1.690	1.626	1.528
   3	2.673	2.487	2.402	2.283	2.106
   4	3.465	3.170	3.037	2.855	2.589
   5	4.212	3.791	3.605	3.352	2.991
   6	4.917	4.355	4.111	3.784	3.326
   7	5.582	4.868	4.564	4.160	3.605
   8	6.210	5.335	4.968	4.487	3.837
   9	6.802	5.759	5.328	4.772	4.031
   10	7.360	6.145	5.650	5.019	4.192

   a. Determine the equal annual net cash flows from operating the bulldozer. Use a minus sign to indicate cash outflows.

   Briggs Excavation
   Equal Annual Net Cash Flow
   Cash inflows:
   Fuel and labor costs per year Hours of operation Maintenance costs per year Total fuel and labor costs per hour
   Fuel and labor costs per year Fuel cost per hour Labor cost per hour Revenue per hour		$
   Fuel and labor costs per year Fuel cost per hour Labor cost per hour Revenue per year			$
   Cash outflows:
   Fuel and labor costs per year Hours of operation Maintenance costs per year Total fuel and labor costs per hour
   Annual net cash flow Fuel cost per hour Revenue per year Revenue per hour	$
   Annual net cash flow Labor cost per hour Revenue per year Revenue per hour
   Annual net cash flow Total fuel and labor costs per hour Revenue per year Revenue per hour		$
   Annual net cash flow Fuel and labor costs per year Revenue per year Revenue per hour
   Annual net cash flow Maintenance costs per year Revenue per year Revenue per hour
   Annual net cash flow Hours of operation Revenue per year Revenue per hour			$

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   b. Determine the net present value of the investment, assuming that the desired rate of return is 20%. Use the The sum of the present values of a series of equal cash flows to be received at fixed intervals.present value of an annuity of $1 table above. Round to the nearest dollar. If required, use the minus sign to indicate a negative net present value.

   Present value of annual net cash flows	$
   Amount to be invested	$
   Net present value	$

   c. Should Briggs Excavation invest in the bulldozer, based on this analysis?
   

   • Yes
   • No
   , because the bulldozer cost is
   • less than
   • more than
   the present value of the cash flows at the minimum desired rate of return of 20%.

   d. Determine the number of operating hours such that the present value of cash flows equals the amount to be invested. Round interim calculations and final answer to the nearest whole number.

   hours

Multiple Choice

• $145,000

• $149,750

• $159,500

• $174,000

The population of Egypt in 2002 was 73,312,600 and was 78,887,000 in 2006. Assume the population of Egypt grew exponentially over this period.

1.   Determine the 4-year growth factor and percent change.

2. Determine the 1-year growth factor and percent change.

3. Define a function that gives the population of Egypt in terms of the number of years that have elapsed since 2002.

4. Re-write your function from part(c) so that it gives the population of Egypt in terms of the number of decades that have elapsed since 20002.

5. Assuming Egypt’s population continued to grow according to this model, how long will it take for the population of Egypt to double?

What is the regression model for the data? Is this a good model?

Year 2006 = 8,860 Students

2007 = 9,056

2008 = 9,050

2009 = 9,429

2010 = 9,407

2011 = 9,352

2012 = 9,608

2013 = 10,107

2014 = 10,382

2015 = 10,340

2016 = 10,805

2017 = 11,034

2018 = 11,639

In 2006 the United States is at full employment. Then, in 2007:

a. The real estate market collapses. Illustrate with a graph the effect of this event on the aggregate economy. Identify the result in the unemployment rate, real GDP and the price level.

b. Oil producing countries cut production. Illustrate with a graph the effect of this event on the aggregate economy. Identify the result in the unemployment rate, real GDP and the price level.

Entries and Schedules for Unfinished Jobs and Completed Jobs

Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations:

1. Materials purchased on account, $2,460.
2. Materials requisitioned and factory labor used:
   

   Job No.	Materials		Factory Labor
   101	$2,190		$2,990
   102	2,670		4,040
   103	1,770		1,970
   104	6,000		7,420
   105	3,810		5,650
   106	2,780		3,590
   For general factory use	740		4,430

3. Factory overhead costs incurred on account, $4,180.
4. Depreciation of machinery and equipment, $2,120.
5. The factory overhead rate is $55 per machine hour. Machine hours used:
   

   Job No.	Machine Hours
   101		23
   102		36
   103		38
   104		74
   105		31
   106		25
   Total		227

6. Jobs completed: 101, 102, 103, and 105.
7. Jobs were shipped and customers were billed as follows: Job 101, $7,730; Job 102, $10,430; Job 105, $16,910.

Required:

1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.

2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month.

3. Prepare a schedule of unfinished jobs to support the balance in the work in process account.

4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account.

Pardon Company, a retail entity makes all of its sales to customers on account and purchases 100% of its Merchandise Inventory on account from vendor, Power Company. Pardon provides you with the following selected account balances all of which are normal: 12/31/2018 12/31/2019 Accounts Receivable $32,000 $28,000 Merchandise Inventory 70,000 82,000 Prepaid Insurance Expense 6,500 5,800 Supplies 12,000 9,000 Equipment 130,000 115,000 Accumulated Depreciation 78,000 86,000 Accounts Payable- Power Company 26,000 40,000 Salaries Payable 3,200 5,400 Sales Revenue $615,000 Gain on Equipment Disposal 4,000 Cost of Goods Sold 470,000 Depreciation Expense 19,000 Insurance Expense 17,500 Salaries Expense 52,000 Supplies Expense 75,000 Consider the above account balances and consider further that during 2019 Pardon sold a single piece of equipment and did not make any new equipment purchases. What was the amount of cash collected from the sale of the equipment? A. None of the other answer choices provided are correct. B. $11,000 C. $8,000 D. $15,000 E. $19,000

1-) On December​ 31, 2018 the balance in Energy Exploration​ Company's Unearned Revenue account was a credit of​ $10,000. In​ January, 2019, the company received an advance payment of​ $11,000 from a new customer for services to be performed. By January​ 31, adjustments were made to recognize​ $6,000 of the revenue that had been earned during January. What was the balance in Unearned Revenue on January​ 31, 2019?

A.

​$11,000 debit

B.

​$6,000 credit

C.

​$10,000 credit

D.

​$15,000 credit

2 )-

Which of the following statements is true of a trial​ balance?

A.

A trial balance is prepared after the balance sheet.

B.

A trial balance shows the total amounts of assets and​ liabilities, but not equity.

C.

A trial balance has the same format as a balance sheet.

D.

A trial balance presents data in debit and credit format.

3-)

On June​ 1, Edison, Inc. borrowed​ $21,000 on a

oneminus−year

Note Payable with an interest rate of​ 10% per year. It will repay the principal and interest at the end of the

oneminus−year

period. The company makes accrual adjustments at the end of each month. The company should record interest expense of​ $2,100 on June 30.