three customers contribute between 27% and 74% revenue 2004-2006 questions

Questions

Assume that a donor offers a choice of contributions (a, b, or c) to a not...

Assume that a donor offers a choice of contributions (a, b, or c) to a not for profit organization. The organization may select only one of the choices.

Which choice should the organization make to maximize its funds? Why?

Choice (a) the donor will contribute $2,000 on the day after the donation is accepted to an account of the not for profit organization. The donor will similarly contribute $2,000 for each of the next nine anniversary dates of the original donation (10 contributions of $2,000 in all). The organization may invest the funds but may not use or withdrawal any amounts for thirty (30) years from the initial contribution;

Choice (b) the donor will contribute $5,000 per year for twenty years beginning on the eleventh anniversary of the institution’s choice of contributions. The institution may not withdraw or use any funds until the thirtieth anniversary of the contribution choice;

Choice (c) the organization may choose to have $14,000 deposited today in its accounts for investment but may not withdraw or use the funds until thirty years have passed.

Assume prevailing interest returns on US Treasury bonds for the next thirty years will average 4.5%.

In: Accounting

please highlight the answer the subject is ACC111 1) The job of the retained earnings account...

please highlight the answer the subject is ACC111

1) The job of the retained earnings account is to show

A) How much expense there was during a period

B) How much was earned as net income in the past and not distributed as a dividend

C) How much usefulness remains in the asset at the end of a period

D) How much was earned during a period

2) The job of a revenue account is to show

A) The amount of product or service advertised during a period

B) The amount of product or service paid for by customers

C) The amount of product or service owed at the end of a period

D) The amount of product sold to or service performed for customers during a period

3) All prepaid items are

A) Used or consumed during the period

B) Paid for in cash during the period

C) Considered an asset because they have not yet been used

D) Still available for future use at the end of the period

4) When recording an asset purchase the company

A) Increases an asset account and reduces another asset account

B) Increases an asset account and increases a liability account

C) Reduces a revenue account

D) Either A or B

5) When recording an expense the company

A) Always increases an expense account

B) Always reduces an asset account

C) Always increases an equity account

D) Always reduces a liability account

6) When recording paying a debt the company

A) Increases the revenue account and decreases an asset account

B) Decreases a liability account and decreases an asset account

C) Decreases a liability account and increases an asset account

D) Increases the revenue account and decreases an equity account

7) When recording the sale of common stock the company

A) Increases an equity account and increases an asset account

B) Decreases a liability account and decreases an asset account

C) Increases a revenue account and decreases a liability account

D) Increases n equity account and decreases an asset account

8) When incurring an expense on account the company

A) Increases a revenue account and decreases a liability account

B) Decreases a liability account and decreases an asset account

C) Increases an expense account and increases a liability account

D) Decreases a liability account and increases an asset account

9) When collecting an account receivable the company

A) Increases a revenue account and increases an asset account

B) Increases an asset account and reduces another asset account

C) Increases a liability account and increases an asset account

D) Decreases an expense account and decreases an asset account

10) In order to determine net income the company

A) Adds the equity accounts

B) Subtracts the total expenses from the total revenue

C) Adds the total revenue and the total expenses

D) Expense accounts and asset accounts

11) In order to determine ending retained earnings

A) The amount of net income or net loss must be known

B) The beginning retained earnings amount must be known

C) The amount of dividends must be known

D) All of the above

12) In order to complete the balance sheet

A) Asset accounts are used

B) Liability accounts are used

C) Equity accounts are used

D) All of the above

13) When the company earns a net income for the period

A) Dividends must be declared

B) Revenue for the period exceeded expenses for the period

C) Liabilities are increased

D) None of the above

14) A negative balance in beginning retained earnings indicates

A) The company is reporting on its first period of operations

B) The company has paid out more dividends than all the net income it ever earned

C) The company has sustained a lot of net losses

D) Either B or C

15) The journal entry to record borrowing money

A) Debits an asset and credits a liability

B) Debits a liability and credits an expense

C) Debits a liability and credits an asset

D) Either A or C

16) The journal entry to record an expense

A) Debits an equity account and credits an expense

B) Debits an expense account and credits an asset

C) Debits an expense account and credits a liability

D) Either B or C

17) The journal entry to record collecting a receivable

A) Debits an asset and credits a revenue account

B) Debits an asset and credits a liability

C) Debits an asset and credits another asset

D) Debits an asset and credits an equity account

18) The journal entry to record buying prepaid insurance for cash

A) Debits an asset and credits an equity account

B) Debits an asset and credits another asset

C) Debits dividends and credits a liability

D) Debits a liability and credits an asset

19) The journal entry to record paying a dividend

A) Debits an asset and credits a liability

B) Debits the dividends account and credits an asset

C) Debits a liability and credits an asset

D) Either B or C

20) The two amounts that appear on two of the three financial statements are

A) Total assets and equity

B) Net income or net loss and ending retained earnings

C) Net income or net loss and dividends

D) Total liabilities and equity

In: Accounting

On September 6, 2006, ABC Company purchased a new boat for $510,000. The estimated life of...

On September 6, 2006, ABC Company purchased a new boat for $510,000. The estimated life of the boat was 20 years, with an estimated residual value of $50,000. On October 1, 2019, the boat was sold for $78,000. ABC Company used double-declining balance method and applied half-year convention. What was book value of the boat in the beginning of the year of 2007?

In: Accounting

(A). How do the 3 NICE recommendations from 2014 regarding exercise-referral differ from the corresponding recommendations...

(A). How do the 3 NICE recommendations from 2014 regarding exercise-referral differ from the corresponding recommendations issued by NICE in 2006?

(B). Define the term ‘translational research’, and use your understanding of this term to comment on the ongoing debate (as exemplified by the NICE recommendations mentioned above) regarding the efficacy of exercise-referral in clinical/public health settings.

In: Anatomy and Physiology

Practice Question: It has long been told that the French purchased Manhattan island in 1626 for...

Practice Question:

It has long been told that the French purchased Manhattan island in 1626 for the value of 60 guilders ($24). Assuming that the French invested this money into an account earning 5%, approximately how much would their investment be worth 380 years later in 2006?

A) $1.9 billion B) $2.7 billion C) $3.1 billion D) $4.5 billion

In: Finance

Consider the following collected observations on the independent (X) and dependent variable (Y). Can we determine...

Consider the following collected observations on the independent (X) and dependent variable (Y).

Can we determine the relation between X and Y wit the Pearson coefficient of correlation and why? If yes, determine it and interpret.
Test the significance of this coefficient of correlation at 5% level.

X		Y	XY	X2	Y 2	errors	squared errors
1	6	82	492	36	6724	1,24	1,53
2	2	86	172	4	7396	-9,25	85,54
3	15	43	645	225	1849	-5,16	26,67
4	9	74	666	81	5476	4,10	16,85
5	12	58	696	144	3364	-1,03	1,06
6	5	90	450	25	8100	5,62	31,55
7	8	78	624	64	6084	4,48	20,09
Total	57	511	3745	579	38993		183,29

Can we determine the relation between X and Y with a linear regression model? explain.
Determine the linear regression between X and Y and interpret.
Test the significance of this regression coefficient (b1) at 5% level.
Determine the coefficient of determination and interpret.
Determine the point estimate and interval estimate associate to X=10 (α = 5%).

In: Statistics and Probability

You are evaluating a s project that develops AI cars. You dont have firm-level data,. For...

You are evaluating a s project that develops AI cars. You dont have firm-level data,. For this project, you will need take a top-down valuation approach.
• The revenue of the transportation market is $50 billion dollars in the year of 2019. Its growth rate in 2020 is -5, in 2021 it is 3%, and goes 0%, 0%, 1%, 1%, 2%,2%,2%,2%,2% which ends in 2030.
• The current revenue share of the AI industry in the transportation market is 0%. The revenue share will rise in the year of 2025. It will then stabilize to 40% in the year of 2030.
• 10% is the discount rate in the industry

a. You use linear interpolation to estimate the AI car industry’s revenue share between 2025 to 2030. In 2024 the market share is 0; in 2030, the market share is 40%. From 2025 to 2030 (including 2025 and 2030), the increase in the revenue share relative to the previous year is a constant. What is the AI car industry’s market share as of 2029?
b. What is the AI car industry’s total revenue in 2030?
c. What is the present value of the AI car industry’s total revenue from 2020 to 2030? Discount all cash flows back to the year of 2019 (in billions $)?

In: Finance

1. Do you prefer taking test on paper or online? An college instructor believes the tests...

1. Do you prefer taking test on paper or online? An college instructor believes the tests scores will be the same, on average. This instructor gave identical tests to two randomly sampled groups of 35 students. One group took the test on paper and the other took it online. The results are below. Test whether the test scores are the same at significance level 0.10. Your complete solution should include a comparative boxplot displaying a box for each group, over the same scale.

Paper

79	75	49	78	73	81	70
63	79	65	60	74	64	64
74	69	57	65	61	58	92
71	69	66	71	68	67	81
78	80	76	67	49	56	45

Online

79	75	71	81	56	72	49
75	63	81	74	72	71	73
83	59	78	65	53	47	63
82	81	76	65	82	78	76
65	72	85	84	81	50	79

In: Statistics and Probability

7. Coke Cola Inc. approach your professor that they have invented a smart energy drink that...

7. Coke Cola Inc. approach your professor that they have invented a smart energy drink that they believe it can make the students calm and clear about doing statistics. The professor took this drink to the two sections of BUQU1230. One section took the sugar drinks (fake drinks) and the other section took the real drinks.

Sugar drinks	Smart drinks
97	64
95	85
89	72
79	64
78	74
87	93
83	70
94	79
76	79
79	75
83	66
84	83
76	74
82	70
85	82
85	82
91	75
72	78
86	99
70	57
91	91
82	78
73	87
96	93
64	89
74	81
88	84
88	63
60	78
73	66
	84
	85
	85

The result of the tests were listed in excel file. At 5% significance level, can we conclude that the average mark is higher in the section with smart drinks than the section with the sugar drink?

In: Statistics and Probability

Assume that the 129 patients in the Patients dataset represent the entire population of interest. If...

Assume that the 129 patients in the Patients dataset represent the entire population of interest. If you were interested in age of the patients and took a sample of 25 patients from this population, what is the standard error of the mean? What if you took a sample 64 patients from this population, what is the standard error of the mean? What happens to the standard error of the mean as the sample size increases? If you select a sample of 64 patients, what is the probability that the sample mean is below 75? How to calculate in excel.

Age (Years) 78 74 89 81 87 65 90 61 90 78 78 71 76 76 79 72 72 64 72 69 63 78 83 62 71 83 63 83 76 79 65 79 74 63 84 90 73 81 75 87 70 73 77 71 76 49 78 86 67 69 73 88 67 69 77 64 76 64 41 49 59 81 74 77 (Here is sample of 64 Patients)

In: Math

79	75	49	78	73	81	70
63	79	65	60	74	64	64
74	69	57	65	61	58	92
71	69	66	71	68	67	81
78	80	76	67	49	56	45

79	75	71	81	56	72	49
75	63	81	74	72	71	73
83	59	78	65	53	47	63
82	81	76	65	82	78	76
65	72	85	84	81	50	79

79	75	49	78	73	81	70
63	79	65	60	74	64	64
74	69	57	65	61	58	92
71	69	66	71	68	67	81
78	80	76	67	49	56	45

79	75	71	81	56	72	49
75	63	81	74	72	71	73
83	59	78	65	53	47	63
82	81	76	65	82	78	76
65	72	85	84	81	50	79

79	75	49	78	73	81	70
63	79	65	60	74	64	64
74	69	57	65	61	58	92
71	69	66	71	68	67	81
78	80	76	67	49	56	45

79	75	71	81	56	72	49
75	63	81	74	72	71	73
83	59	78	65	53	47	63
82	81	76	65	82	78	76
65	72	85	84	81	50	79