Questions
Bryant Corporation has provided the following information for the most recent quarter, July 1 through September...

Bryant Corporation has provided the following information for the most recent quarter, July 1 through September 30 of 2020. Prepare a multiple-step Income Statement and the Asset section of a classified Balance Sheet, including the correct headings.

Specific Account

Balance

Specific Account

Balance

Accounts Payable

$30

Insurance Payable

$1

Accounts Receivable

       136

Interest Expense

17

Accumulated Depreciation (Buildings)

    30

Interest Payable

4

Accumulated Depreciation (Equipment)

7

Inventory

    75

Allowance for Doubtful Accounts

13

Land

145

Bad Debt Expense

4

Notes Payable (maturity of less than 1 yr)

   40

Bank Fees Expense

1

Notes Payable (maturity of more than 1 yr)

     55

Buildings

170

Retained Earnings (beginning)

120

Cash

125

Sales Discounts

15

Common Stock

204

Sales Returns & Allowances

5

Cost of Goods Sold

375

Sales Revenue

750

Depreciation Expense

      14

Supplies

6     

Dividends

     17

Supplies Expense

12

Equipment

90

Unearned Sales Revenue

27

Freight-Out

3

Wages Expense

24

Gain on Sale of PPE

9

Wages Payable

31

Income Tax Expense

87

In: Accounting

Raw materials beginning and ending balances were $30,000 and 35,000 respectively. Company purchased $76,000 of additional...

Raw materials beginning and ending balances were $30,000 and 35,000 respectively. Company purchased $76,000 of additional raw materials during the year, and the company’s work in process had a beginning balance of $17,000 and an ending balance of $9,000. Murray’s company incurred $145,000 of administrative expenses and $57,205 in selling costs during the year. The company had direct labor costs of $81,000, and it incurred actual manufacturing overhead costs of $42,000. There were $5,500 worth of indirect materials used for production this year, and $44,000 worth of manufacturing overhead was applied to work in process. The company began the year with $42,100 worth of goods in its finished goods inventory and $38,000 of goods at the end of the year. The company sold $403,893 last year, but the tax rate is 27% and had to pay $950 in interest expense. Is the company doing well?

Create...

1) Schedule of Cost of Goods Manufactured

2) Schedule of Cost of Goods Sold

3) Traditional Income Statement

Please be dynamic and include formulas, thanks...

In: Accounting

The data below shows the life expectancy of men and women in different countries: LifeExpMale LifeExpFemale...

  1. The data below shows the life expectancy of men and women in different countries:
 
LifeExpMale
LifeExpFemale
Argentina
74
67
Bangladesh
53
54
Brazil
68
62
Canada
80
73
China
72
68
Colombia
74
68
Egypt
61
60
Ethiopia
53
50
France
82
74
Germany
79
73
India
58
57
Indonesia
63
59
Iran
65
64
Italy
82
75
Japan
82
76
Kenya
63
59
Korea.North
73
67
Korea.South
73
67
Mexico
76
68
Morocco
66
63
Burma
56
53
Pakistan
57
56
Peru
67
62
Philippines
67
62
Poland
77
69
Romania
75
69
Russia
74
64
South.Africa
67
61
Spain
82
75
Sudan
54
52
Taiwan
78
72
Tanzania
55
50
Thailand
71
66
Turkey
72
68
Ukraine
75
66
UK
79
73
USA
79
72
Venezuela
78
71
Vietnam
67
63
Zaire
56
52

a. what test should you use to test the two data sets (male and female life expectancy) for normality and why? (2 points)

b. Run that test on both variables.   Report the results below (2 points).  

  1. What do you conclude in each case. Explain! (2 points)
  1. Should you use a Pearson’s or a Spearman’s Rank Correlation for this data? Why? (2 points)


e. Calculate the correlation coefficient using SPSS. What is the value of r for this data set? (2 points)

  1. What do you conclude about the type of correlation (positive / negative, significant / non-significant)? Explain using information from the SPSS output (3 points)

In: Statistics and Probability

For questions 2-7: state the appropriate hypotheses; conduct a hypothesis test using α = 0.05 utilizing...

For questions 2-7: state the appropriate hypotheses; conduct a hypothesis test using α = 0.05 utilizing the classical approach, confidence interval approach, or p-value approach; state the decision regarding the hypotheses; and make a conclusion.

3. (15 pts) In a study of schizophrenia, researchers measured the activity of the enzyme monoamine oxidase (MAO) in the blood platelets of 18 patients. The results (expressed as nmol benzylaldehyde product per 108 platelets) were as follows:

6.8 8.4 8.7 11.9 14.2 18.8

9.9 4.1 9.7 12.7 5.2 7.8 7.8

7.4 7.3 10.6 14.5 10.7

The researchers believe that the average MAO level should be 7.5 amongst the general population, which is assumed to follow a normal distribution. Elevated MAO levels are considered abnormal.

7. (15 pts) The manager of a fast-food restaurant claims that the average service time is less than 90 seconds. A random sample of customers is selected and their wait times are reported as follows:

56 78 66 78 99 114 106 92 45 102

119 84 88 118 99 61 55 79 108 46

75 102 70 74 72 113 83 78 105 81

In: Math

Economy Laundry Company had the following transactions in August: Aug. 1 Issued capital stock for cash,...

Economy Laundry Company had the following transactions in August:

Aug. 1 Issued capital stock for cash, $ 150,000.

3 Borrowed $ 40,000 from the bank on a note.

4 Purchased cleaning equipment for $ 25,000 cash.

6 Performed services for customers who promised to pay later, $ 16,000.

7 Paid this month’s rent on a building, $ 2,800.

10 Collections were made for the services performed on August 6, $ 3,200.

14 Supplies were purchased on account for use this month, $ 3,000.

17 A bill for $ 400 was received for utilities for this month.

25 Laundry services were performed for customers who paid immediately, $ 22,000.

31 Paid cash dividend, $ 2,000.

Required:

Prepare journal entries for these transactions.

In: Accounting

Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after...

Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $390,000. During 2021, Halifax sold merchandise on account for $12,800,000. Halifax's merchandise costs it 70% of merchandise selling price. Also during the year, customers returned $370,000 in sales for credit, with $204,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 3% of sales, are recorded as an adjusting entry at the end of the year.

What is the amount of the year-end refund liability after the adjusting entry is recorded?

In: Accounting

Please solve everything using Python 3 1. What does list contain after the following code is...

Please solve everything using Python 3

1. What does list contain after the following code is executed?

list = [82, 27, 66, 18, 40, 93, 85, 29]

list.append(50)

list.insert(3, 99)

list.pop()

a. [82, 27, 66, 99, 18, 40, 93, 85, 29]

b. [50, 82, 27, 99, 66, 18, 40, 93, 85]

c. [27, 66, 99, 18, 40, 93, 85, 29, 50]

d. [82, 27, 99, 66, 18, 40, 93, 85, 29]

2. What does list contain after the following code is executed?

list = [77, 41, 92, 30, 38, 12, 63]

list.sort()

list.insert(2, 88)

list.pop(5)

a. [12, 30, 88, 38, 63, 77, 92]

b. [92, 77, 88, 63, 41, 30, 12]

c. [12, 88, 30, 38, 63, 77, 92]

d. [12, 30, 88, 38, 41, 77, 92]

3. What does the list states contain after the following code is executed?

states = ['NJ', 'TN', 'WI', 'UT']

states.extend(['PA', 'KY', 'NY'])

states.remove('UT')

states.sort(reverse=True)

a. ['WI', 'UT', 'TN', 'PA', 'NY', 'NJ', 'KY']

b. ['WI', 'PA', 'TN', 'NJ', 'NY', 'KY']

c. ['WI', 'TN', 'PA', 'NY', 'NJ', 'KY']

d.['NJ', 'TN', 'WI', 'PA', 'KY', 'NY']

In: Computer Science

In 5-7 paragraph please provide an analysis of the Target Customers for Honda Motor Company?

In 5-7 paragraph please provide an analysis of the Target Customers for Honda Motor Company?

In: Economics

Find equations of both the tangent lines to the ellipse x2 + 9y2 = 81 that...

Find equations of both the tangent lines to the ellipse x2 + 9y2 = 81 that pass through the point (27, 3)

In: Math

The revised revenue recognition accounting standard employs a five-step process to achieve the core principle to...

The revised revenue recognition accounting standard employs a five-step process to achieve the core principle to recognize income upon the transfer of promised goods or services. Use the Internet to research a company that bundles a product and a service. Examine income recognition of the bundled product and service for the company by addressing each step in the five-step process for revenue recognition. Give your opinion on the most critical step for accurately reporting revenue in the five-step process. Provide support for your response.

In: Accounting