Questions
The Asian GardenAsian Garden​, a local Thai​ restaurant, expects sales to be $780,000 in January. Its...

The Asian GardenAsian Garden​, a local Thai​ restaurant, expects sales to be $780,000 in January. Its average customer restaurant bill is $65. Only 20% of the restaurant bills are paid with​ cash; 50% are paid with credit cards and 30% with debit cards. The transaction fees charged by the credit and debit card issuers are as​ follows:

Credit​ cards: $0.60 per transaction​ + 2 % of the amount charged

Debit​ cards: $0.55 per transaction​ + 1% of the amount charged

1.

How much of the total sales revenue is expected to be paid in​ cash?

2.

How many customer transactions does the company expect in​ January?

3.

How much of the total sales revenue is expected to be paid with credit​ cards?

4.

How many customer transactions will be paid for by customers using credit​cards?

5.

When budgeting for​ January's operating​ expenses, how much should the restaurant expect to incur in credit card transaction​ fees?

6.

How much of the total sales revenue is expected to be paid with debit​ cards?

7.

How many customer transactions will be paid for by customers using debit​cards?

8.

When budgeting for​ January's operating​ expenses, how much should the restaurant expect to incur in debit card transaction​ fees?

9.

How much money will be deposited in the​ restaurant's bank account during the month of January related to credit and debit card​ sales? Assume the credit and debit card issuers deposit the funds on the same day the transactions occur at the restaurant​ (there is no processing​ delay).

10.

What is the total amount of money that the restaurant expects to deposit in its bank account during the month of January from​ cash, credit​ card, and debit card​ sales? Again assume the credit and debit card issuers deposit the funds on the same day that the transaction occurs.

In: Accounting

Arctic Guide Service provides guided 1–5 day hiking tours throughout the Arctic Mountains. Jungle Tours hires...

Arctic Guide Service provides guided 1–5 day hiking tours throughout the Arctic Mountains. Jungle Tours hires Arctic to lead various tours that Jungle sells. Arctic receives $2,000 per tour day, and shortly after the end of each month Arctic learns whether it will receive a $200 bonus per tour day it guided during the previous month if its service during that month received an average evaluation of “excellent” by Jungle customers. The $2,000 per day and any bonus due are paid in one lump payment shortly after the end of each month.

  • On July 1, based on prior experience, Arctic estimated that there is a 30% chance that it will earn the bonus for July tours. It guided a total of 8 days from July 1–July 15.
  • On July 16, based on Arctic’s view that it had provided excellent service during the first part of the month, Arctic revised its estimate to an 80% chance it would earn the bonus for July tours. Arctic also guided customers for 12 days from July 16–July 31.
  • On August 5 Arctic learned that it did not receive an average evaluation of “excellent” for its July tours, so it would not receive any bonus for July, and received all payment due for the July tours.

Arctic bases estimates of variable consideration on the most likely amount it expects to receive.

Required:

  1. Prepare Arctic’s July 15 journal entry to record revenue for tours given from July 1–July 15.
  2. Prepare Arctic’s July 31 journal entry to record revenue for tours given from July 16–July 31.
  3. Prepare Arctic’s August 5 journal entry to record any necessary adjustments to revenue and receipt of payment from Jungle.

In: Accounting

The Red Fusion​, a local Thai​ restaurant, expects sales to be $ 300 comma 000 in...

The Red Fusion​, a local Thai​ restaurant, expects sales to be $ 300 comma 000 in January. Its average customer restaurant bill is $ 25. Only 40 % of the restaurant bills are paid with​ cash; 30 % are paid with credit cards and 30 % with debit cards. The transaction fees charged by the credit and debit card issuers are as​ follows:
Credit​ cards: $ 0.25 per transaction​ + 5 % of the amount charged
Debit​ cards: $ 0.45 per transaction​ + 4 % of the amount charged

How much of the total sales revenue is expected to be paid in​ cash?
2.
How many customer transactions does the company expect in​ January?
3.
How much of the total sales revenue is expected to be paid with credit​ cards?
4.
How many customer transactions will be paid for by customers using credit​ cards?
5.
When budgeting for​ January's operating​ expenses, how much should the restaurant expect to incur in credit card transaction​ fees?
6.
How much of the total sales revenue is expected to be paid with debit​ cards?
7.
How many customer transactions will be paid for by customers using debit​ cards?
8.
When budgeting for​ January's operating​ expenses, how much should the restaurant expect to incur in debit card transaction​ fees?
9.
How much money will be deposited in the​ restaurant's bank account during the month of January related to credit and debit card​ sales? Assume the credit and debit card issuers deposit the funds on the same day the transactions occur at the restaurant​ (there is no processing​ delay).
10.
What is the total amount of money that the restaurant expects to deposit in its bank account during the month of January from​ cash, credit​ card, and debit card​ sales? Again assume the credit and debit card issuers deposit the funds on the same day that the transaction occurs.

In: Accounting

Generate comparative boxplots for: Male data between 2000 and 2015, Female data between 2000 and 2015,...

Generate comparative boxplots for: Male data between 2000 and 2015, Female data between 2000 and 2015, Both Sexes data between 2000 and 2015

Using the data from 2000, estimate the mean adult mortality rates for male, female and both sexes for the world population with 95% confidence.

Using the data from 2015, estimate the mean male, female and both sexes adult mortality rates for the world population with 95% confidence.

Estimate the mean difference (with 95% confidence) between: Male adult mortality rates of 2000 and 2015, Female adult mortality rates of 2000 and 2015, Both sexes adult mortality rates of 2000 and 2015

2000 2015
Male Female Both Sexes Male Female Both Sexes
88 56 73 64 42 53
91 48 70 70 34 52
96 67 88 75 47 68
99 57 78 74 44 59
99 54 76 75 41 58
99 56 78 71 39 55
100 80 92 74 59 69
102 61 82 78 50 64
104 57 80 70 37 54
106 68 87 80 53 66
110 71 96 98 58 81
113 88 107 81 57 75
119 91 106 91 65 78
119 49 84 99 45 72
124 94 110 93 79 88
126 68 98 78 48 63
127 64 96 85 45 65
128 96 112 111 83 98
132 69 101 93 55 74
132 97 115 98 71 85
135 70 103 110 53 82
138 92 115 113 70 92
142 62 103 104 51 78
145 63 105 102 49 76
145 83 114 128 77 103
146 70 110 98 51 74
150 128 139 79 43 61
157 100 127 124 74 98
160 104 138 110 70 99
160 89 125 130 72 102
174 89 131 145 88 116
177 169 173 151 105 129
179 94 137 153 80 116
179 74 127 131 60 95
180 137 155 137 97 114
181 133 156 154 108 130
183 140 160 104 86 95
187 101 144 131 80 106
190 102 149 167 79 123
195 147 172 166 126 146
196 174 185 181 151 166
199 93 142 165 78 118
200 79 139 185 68 127
208 158 183 167 109 138
210 166 188 204 147 176
213 157 186 181 129 156
218 87 153 166 67 117
226 99 163 187 83 137
231 133 182 185 97 142
240 109 175 191 74 133
241 145 192 193 100 145
241 137 189 237 132 184
242 143 192 188 105 147
242 103 175 202 76 138
243 140 192 174 104 139
247 140 194 192 105 148
248 142 197 216 123 170
250 140 198 205 116 161
251 194 224 216 142 181
252 198 224 217 164 190
261 184 222 240 158 198
265 176 221 234 138 188
273 163 219 272 145 211
274 210 243 217 154 186
281 223 250 225 156 188
287 280 284 236 199 220
293 300 296 239 219 229
296 105 200 244 87 165
298 246 272 252 202 227
298 193 246 256 173 215
305 309 307 266 267 266
307 132 218 262 105 178
314 239 274 209 143 174
314 121 218 177 61 119
322 116 218 226 82 153
326 219 274 307 136 222
329 286 308 274 224 249
337 275 305 270 211 240
354 296 325 265 215 241
356 135 247 294 98 196
372 321 346 283 234 258
374 293 335 312 236 275
382 329 355 340 283 312
402 359 380 351 313 332
410 378 394 377 338 357
412 170 292 279 118 198
430 378 404 378 333 356
431 401 416 288 245 267
437 379 408 362 308 335
466 450 457 311 245 279
473 446 461 414 377 397
524 333 426 313 152 227
577 499 536 425 326 373
594 582 588 398 330 365
641 654 647 298 212 256
654 575 614 360 242 303
655 675 665 359 313 336
712 433 593 289 222 255
443 158 307 325 118 222
301 145 225 231 102 166
256 220 238 187 143 165

In: Statistics and Probability

You want to start saving for retirement. Your goal is to retire in 25 years. Assume...

You want to start saving for retirement. Your goal is to retire in 25 years. Assume that you have $25,000 to invest now and that you will contribute $4,800 per year.

  1. What will your account be worth when you retire if you can earn 6% a year?
  2. What will your account be worth if the 6% annual return is compounded monthly and instead of contributing $4,800 per year, you contribute $400 monthly (you still start with $25,000)

Assume all payments and withdrawals are made at the end of the period.

  1. Why are the two amounts different?

In: Finance

a)Jackson and Ashley turner (both 45 years old) are married and want to contribute to a...

a)Jackson and Ashley turner (both 45 years old) are married and want to contribute to a Roth IRA for Ashley in 2019 their AGI is $198,000 Jackson and Ashley each earned half of the income how much can actually contribute to her Roth Aire if they file a joint return?

b) John (age 51 and single) has earned income of $2500 he has $30,000 of unlearned (capital gain) income if he does not participate in an employer sponsored plan what is the maximum deductible IRA contribution John can make in 2019?


In: Accounting

What are the five tests of a good strategy? (name them) How does a Unique Value...

  1. What are the five tests of a good strategy? (name them)
  2. How does a Unique Value Proposition contribute to a good strategy?
  3. The same question applies to:
  4. Tailored Value Chain
  5. Trade-offs
  6. Competition
  1. What is meant by the term “Fit across the value chain?”

  1. What is the benefit of continuity over time?

  1. How does continuity promote trade-offs and fit?

  1. How does continuity help / assist competitive advantage?

  1. How does continuity facilitate innovation?

  1. How does continuity contribute to a strong company strategy?

  1. How are brands strengthened by continuity?

In: Economics

I would need a cash flow statement ONLY for the period ending December 31 2012 PLEASE!...

I would need a cash flow statement ONLY for the period ending December 31 2012 PLEASE!

Thanks

Income Statements

$MM

2009

2010

2011

2012

2013

Revenue
Cost of goods sold

Gross profit

404

(188)

216

364

(174)

190

425

(206)

219

511

(247)

264

604

(293)

310

Sales

Sales Administrations

Depreciation

EBIT

(67)

(61)

(27)

61

(66)

(59)

(27)

38

  

(83)

(59)

(34)

42

(102)

(66)

(38)

58

(121)

(79)

(39)

71

Interest expenses

Pre tax income

Income tax
Net income

(34)

27

(10)

17

  

(33)

5

(2)

3

(32)

10

(3)

7

(37)

21

(7)

14

(37)

21

(7)

14

Shares outstanding (MM)

55

55

55

55

55

Dividend paid

5

5

5

5

5

Retained earnings

12

(2)

2

9

13(1)

(1) Should be 15, 13 is due to the cumulative rounding

Balance Sheets (year end)

$MM

2009

2010

2011

2012

2013

Cash
Accounts receivable

Inventory
Total CA

49

89

34

172

69

70

31

170

86

70

28

184

77

77

31

185

85

86

35

206

Plants & equipment

606

604

671

708

710

Total assets

778

774

855

893

916

Accounts payables

Accurals
Total CL

19

7

26

18

6

24

22

7

29

27

8

35

32

10

42

Long term debt

Common equity

500

252

500

250

575

251

600

258

600

274

Total liability & equity

778

774

855

893

916

In: Accounting

I would need a cash flow statement ONLY for the period ending December 31 2013 PLEASE!...

I would need a cash flow statement ONLY for the period ending December 31 2013 PLEASE!

thanks

Income Statements

$MM

2009

2010

2011

2012

2013

Revenue
Cost of goods sold

Gross profit

404

(188)

216

364

(174)

190

425

(206)

219

511

(247)

264

604

(293)

310

Sales

Sales Administrations

Depreciation

EBIT

(67)

(61)

(27)

61

(66)

(59)

(27)

38

  

(83)

(59)

(34)

42

(102)

(66)

(38)

58

(121)

(79)

(39)

71

Interest expenses

Pre tax income

Income tax
Net income

(34)

27

(10)

17

  

(33)

5

(2)

3

(32)

10

(3)

7

(37)

21

(7)

14

(37)

21

(7)

14

Shares outstanding (MM)

55

55

55

55

55

Dividend paid

5

5

5

5

5

Retained earnings

12

(2)

2

9

13(1)

(1) Should be 15, 13 is due to the cumulative rounding

Balance Sheets (year end)

$MM

2009

2010

2011

2012

2013

Cash
Accounts receivable

Inventory
Total CA

49

89

34

172

69

70

31

170

86

70

28

184

77

77

31

185

85

86

35

206

Plants & equipment

606

604

671

708

710

Total assets

778

774

855

893

916

Accounts payables

Accurals
Total CL

19

7

26

18

6

24

22

7

29

27

8

35

32

10

42

Long term debt

Common equity

500

252

500

250

575

251

600

258

600

274

Total liability & equity

778

774

855

893

916

In: Accounting

I would need a cash flow statement ONLY for the period ending December 31 2011 PLEASE!...

I would need a cash flow statement ONLY for the period ending December 31 2011 PLEASE!

And how many CF statements can I do with the below information? Thank you

Income Statements

$MM

2009

2010

2011

2012

2013

Revenue
Cost of goods sold

Gross profit

404

(188)

216

364

(174)

190

425

(206)

219

511

(247)

264

604

(293)

310

Sales

Sales Administrations

Depreciation

EBIT

(67)

(61)

(27)

61

(66)

(59)

(27)

38

  

(83)

(59)

(34)

42

(102)

(66)

(38)

58

(121)

(79)

(39)

71

Interest expenses

Pre tax income

Income tax
Net income

(34)

27

(10)

17

  

(33)

5

(2)

3

(32)

10

(3)

7

(37)

21

(7)

14

(37)

21

(7)

14

Shares outstanding (MM)

55

55

55

55

55

Dividend paid

5

5

5

5

5

Retained earnings

12

(2)

2

9

13(1)

(1) Should be 15, 13 is due to the cumulative rounding

Balance Sheets (year end)

$MM

2009

2010

2011

2012

2013

Cash
Accounts receivable

Inventory
Total CA

49

89

34

172

69

70

31

170

86

70

28

184

77

77

31

185

85

86

35

206

Plants & equipment

606

604

671

708

710

Total assets

778

774

855

893

916

Accounts payables

Accurals
Total CL

19

7

26

18

6

24

22

7

29

27

8

35

32

10

42

Long term debt

Common equity

500

252

500

250

575

251

600

258

600

274

Total liability & equity

778

774

855

893

916

In: Accounting