Draw an example of, and compare the differences between the three types of static equilibrium

List the three phases of matter in order of the distance between the particles. List the properties of each phase. Explain what causes matter to change states.

Provide three examples to explain the differences between strong and weak cultures

Below are financials for XYX Corporation (in millions $):

The firm's inventory conversion period is 54 days. Its new CFO wants to decrease the cash conversion cycle by 7 days, based on a 365-day year. He believes he can reduce average receivables by $2.9 million without upsetting customers.

1. By how much must the firm increase its average payable to meet its goal of a 7-day reduction in its cash conversion cycle? (6 points)
   

2. If XYZ Corporation does decrease its cash conversion cycle by 7 days by increasing average payables and reducing average receivables, what will be the change in its net operating working capital? The company's inventory remains constant. (2 points)

Below are financials for XYX Corporation (in million $):

The firm's inventory conversion period is 54 days. Its new CFO wants to decrease the cash conversion cycle by 8 days, based on a 365-day year. He believes he can reduce average receivables by $3.2 million without upsetting customers.

a. By how much must the firm increase its average payable to meet its goal of a 8-day reduction in its cash conversion cycle? (6 points)

b. If XYZ Corporation does decrease its cash conversion cycle by 8 days by increasing average payables and reducing average receivables, what will be the change in its net operating working capital? The company's inventory remains constant.  (2 points)

ccounting conventions represent the principles, assumptions, and rules that guide an accountant as he or she analyzes the effects of business events on the accounting cycle and applies them to various cycle procedures. Part 3 of the assessment requires you to determine which of these conventions apply to a given business scenario to enhance your understanding of the foundation of accounting procedures and processes.

Using Part 3 of the Assessment 1 Template, identify the applicable accounting convention for each of the following business scenarios. More than one convention may apply to each scenario. Explain your choices for each scenario.

Before completing the scenarios consider and describe what role ethics has throughout the accounting process and reporting to internal and external customers. Throughout your assessments ensure that you apply ethics to your decision making and reporting.

Scenario 1: The Acme Company is undergoing a reorganization to improve its financial structure. As part of this process, the company is considering lowering its expense calculations to improve the bottom line net income.

Scenario 2: Regal Enterprises has purchased $45,000 worth new equipment for use in its manufacturing operations and would like to write off the cost of this equipment in just a couple of years, instead of the usual 10 years for this equipment type. The company's president fears that the economic conditions in its industry will worsen and cause the company to sell the equipment sooner than expected.

Scenario 3: Bozrah Industries, a small independent retailer, wants to change its accounting system from cash-based to accrual-based, and is concerned about how this change will affect the recording of sales and expenses.

Scenario 4: Randolph, Inc., has experienced major turnover in its accounting department, and the new head of accounting has been going through the current records of transactions. A couple of those transactions appear problematic. The first contains an error of $10,000 that the previous accountant decided was not large enough to adjust before the financial statements were prepared. This error would understate income and make the company look more profitable than it actually is.

Scenario 5: The Morrison Company receives much of its revenue from those customers who buy or rent furniture and appliances on the installment plan. Because the company uses an accrual-based accounting system, revenue is recognized at the point of sale, even though cash comes in on a monthly basis from customers. Lately, the company's accountant is questioning the use of the accrual basis for recognizing revenue, because several customers have defaulted on their contracts, causing problems in the accounting system.

Scenario 6: Charter Communications has recently found itself at the wrong end of multiple lawsuits for failure to provide necessary services according to their contractual obligations. Senior management does not want to disclose the potential liability of these lawsuits on its financial statements.

A campus radio station surveyed 500 students to determine the types of music they like. The survey revealed that 207 like rock, 172 like country, and 126 like jazz. Moreover, 33 like rock and country, 27 like rock and jazz, 32 like country and jazz, and 13 like all three types of music. What is the probability that a randomly selected student likes at least two of the three types of music?

a)0.0940

b) 0.4000

c) 0.0260

d) 0.3060

e) 0.132

Can someone please explain what I am doing wrong? I added 32,27,32 and 13 then divided by 500 but the answer I get doesn't show up on the answer choices.

The Titanic Used the data in the following table, which summarizes results from the sinking of the titanic.

1. If one of the Titanic passengers is randomly selected, find the probability of getting someone who is a women or survivor.
2. If one of the Titanic passengers is randomly selected, find the probability of getting a man and someone who survived the sinking.
3. If one of the Titanic passengers is randomly selected, find the probability of getting a boy or girl?
4. If one of the Titanic passengers is randomly selected, find the probability of getting a man, given that the selected person died.
5. If Three of the Titanic passengers is randomly selected, find the probability of all three are boys?

Three retail giants, Best Buy, Amazon, and Target each use a different inventory costing method. Best Buy uses weighted-average cost, Amazon uses FIFO, and Target uses LIFO.

Assume that all three retailers sell a popular shirt that retails for $30. To compare the impact of inventory costing method, we will also assume that all three retailers have the following inventory and sales data for the same period:

• Beginning inventory: 40 units @ $7.00
• Purchases: 35 units @ $10.00
• Sales: 50 units
• Ending inventory: 25 units

Questions

1. Calculate sales revenue, cost of goods sold, gross profit, and cost of ending inventory for Best Buy using the weighted-average inventory costing method. (Only numerical answers needed; round to the nearest cent– 4pts)
2. Calculate sales revenue, cost of goods sold, gross profit, and cost of ending inventory for Amazon using the FIFO inventory costing method. (Only numerical answers needed – 4pts)
3. Calculate sales revenue, cost of goods sold, gross profit, and cost of ending inventory for Target using the LIFO inventory costing method. (Only numerical answers needed – 4pts)
4. If your suppliers increase the price they charge you to buy inventory over a given period of time, would FIFO or LIFO result in the highest net income? Explain. (3pts)