Terwilliger Corporation owns a number of cruise ships and a chain of hotels. The hotels, which have not been profitable, were discontinued on September 1, 2017. The 2017 operating results for the company were as follows.
Operating revenues...................................$12,850,000
Operating expenses.......................................8,700,000
Operating income........................................$ 4,150,000
Analysis discloses that these data include the operating results of the hotel chain, which were operating revenues $1,500,000 and operating expenses $2,400,000. The hotels were sold at a gain of $200,000 before taxes. This gain is not included in the operating results. During the year, Terwilliger had an unrealized loss on its available-for-sale securities of $600,000 before taxes, which is not included in the operating results. In 2017, the company had other revenues and gains of $100,000, which are not included in the operating results. The Corporation is in the 30% income tax bracket.
Instructions
Prepare a statement of comprehensive income.
In: Finance
A survey found that womens heights are normally distributed with mean 62.1 in and standard deviation 2.1 in the survey also found that mens heights are normally distributed with a mean 69.7 and SD 3.8 a) most of the live characters at an amusement park have height requirements with a minimum of 4ft 9in and a maximum of 6ft 4in find the percentage of women meeting the height requirement the percentage of woment who meet the height requirement? (round to two decimal places as needed) b) find the percentage of men meeting the height requirement the percentage of men meeting the height requirement (round to two decimal places as needed ) c) If the height requirements are changed to exclude only the tallest 5% of men and the shortest 5% of women what are the new height requirements the new height requirements are at least ___ in. and at most ___ in. (round to one decimal place as needed)
In: Statistics and Probability
In the town of Hooterville, all the downtown stores are identical and all the people who shop downtown are identical. The town can earn revenue in three ways: • It can charge each store a montly license fee. • It can charge an excise tax on the store’s merchandise. • It can charge shoppers to park on the streets (the only way to get downtown is to drive, so every shopper pays the parking fee). The town’s goal is to maximize its total revenue from all three sources. a) How big should the excise tax be? b) Suppose a court ruling requires the town to provide free parking. Now how big should the excise tax be? If necessary, you can answer in terms of labeled portions of graphs. If you do this, please be sure to say why these portions of your graph are relevant to the problem.
In: Economics
a) A county clerk wants to estimate the proportion of voters who will need special election facilities. Suppose a sample of 400 voters was taken. If 150 need special election facilities, what is the upper confidence limit (UCL) for the 90% confidence interval for the population proportion of voters who will need special election facilities. Round your answer to 3 decimal places.
b) A hotel chain wants to estimate the mean number of rooms rented daily in a given month. The population of rooms rented daily is assumed to be normally distributed for each month with a standard deviation of 240 rooms. During February, a sample of 25 days has a sample mean of 370 rooms.
What is the upper confidence limit (UCL) of the 99% confidence interval for the mean number of rooms rented daily in a given month? Round your answer to the nearest whole number.
In: Statistics and Probability
A New York City daily newspaper called “Manhattan Today” charges an annual subscription fee of $135. Customers prepay their subscriptions and receive 260 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $130 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $125 per hour. The company estimates that approximately 30% of the coupons will be redeemed.
Required:
1. How much revenue should Manhattan Today recognize upon receipt of the $130 subscription price?
2. How many performance obligations exist in this contract? 3. Prepare the journal entry to recognize sale of 10 new subscriptions, clearly identifying the revenue or deferred revenue associated with each performance obligation.
In: Accounting
In: Accounting
Azzalini and Bowman (1990) analyzed the data of the waiting time (in minutes) of consecutive eruptions of the Old Faithful geyser in Yellowstone National Park. They found that the waiting times can be categorized into two groups in historical data.
-In group 1, waiting time is normally distributed with mean 54 minutes and standard deviation of 2.95.
-In group 2, the waiting time is normally distributed with mean 80 minutes and standard deviation of 7.5.
Suppose that there is a 30% chance that the waiting time is from group 1. They want to simulate the waiting time.
a) Use Excel functions only to simulate the waiting time. Your simulations should contain 500 iterations. you need only to return in one page showing your model and one page displaying the formulas in your model.
b) what is the average waiting time in your simulation?
In: Statistics and Probability
The data below shows the duration of eruption (in seconds) of a geyser in a national park and the height (in feet) of the eruptions for a typical day. Use Excel to find the best fit linear regression equation, where duration of eruption is the explanatory variable. Round the slope and intercept to one decimal place.
Duration Height
240 140
237 154
122 140
267 140
113 160
258 140
232 150
105 150
186 160
248 155
243 125
241 136
214 140
114 155
272 130
227 125
237 125
238 139
203 125
270 140
218 140
226 135
250 141
245 140
120 139
267 110
103 140
270 135
241 140
239 135
Provide your answer below:
y = _x + _
In: Statistics and Probability
Are the measurements Nominal, Ordinal, Interval, or Ratio?
Also, Qualitative, Discrete or Continuous?
(i) What is the temperature that you prefer inside the car (in Fahrenheit)?
(j) Give your customer satisfaction on a scale of 1-10.
In: Statistics and Probability
QUESTIONS: Look at the photos below and listen to the song, "Kenji," featured on the album, The Rising Tied, by Fort Minor, a side project of Linkin Park band member, Mike Shinoda, a Japanese American whose father's family was interned at a relocation camp during World War II. Read the lyrics to "Kenji" while listening to the song, which includes samples of interviews Shinoda conducted with his father and aunt. In an interview with the Metro Silicon Valley, Shinoda said that he played the song for his family before he made it public, noting that his “…uncle, who is a very stoic Japanese guy, cried when he heard the song” (“Summer of ’42”). How do the lyrics of the song convey the negative effects of internment on the psyche of Japanese Americans? Do you think the internment of Japanese Americans during World War II was justified? Why or why not?
In: Economics