Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions during its first month of operations. May 1 G. Gram invested $42,500 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,300 cash for May’s rent. 3 The company purchased $1,910 of office equipment on credit. 5 The company paid $730 cash for this month’s cleaning services. 8 The company provided consulting services for a client and immediately collected $5,400 cash. 12 The company provided $2,700 of consulting services for a client on credit. 15 The company paid $760 cash for an assistant’s salary for the first half of this month. 20 The company received $2,700 cash payment for the services provided on May 12. 22 The company provided $3,600 of consulting services on credit. 25 The company received $3,600 cash payment for the services provided on May 22. 26 The company paid $1,910 cash for the office equipment purchased on May 3. 27 The company purchased $80 of office equipment on credit. 28 The company paid $760 cash for an assistant’s salary for the second half of this month. 30 The company paid $350 cash for this month’s telephone bill. 30 The company paid $290 cash for this month’s utilities. 31 The company paid $1,800 cash in dividends to the owner (sole shareholder). 2.1. Prepare the income statement for May. 2.2. Prepare the statement of retained earnings for May. 2.3. Prepare the balance sheet as of May 31. 3. Prepare the statement of cash flows for the month of May..

Write one paragraph about our favorite company by just answering these questions.

1. Which company you’ve chosen.

2. What the company does to earn revenue. Be specific.

3. Why you want to invest in this company. You may use personal reasons, but you must also address financial reasons.

4. Where you did your research. This also must be based on your research in C., above. What financial information makes you want to invest in this company. This must be based on your research C., above, and you must provide details and explanations of the financial information you found that makes you want to invest in this company.

Select a company you are familiar with or one you are currently working in, or one with information publicly available. Using your own words as much as possible, and in not more than 2,000 words (in total):

(a) Provide a brief description of the organisation - background, the organizational structure, the nature of business, the industry and the environment it is operating in, its products/services, etc.

(b) Choose one functional area (e.g. production, sales, customer service etc.) and describe in detail how accounting information is used to facilitate and influence decision makings to maximize firm value.

(c) Discuss on whether the quality of the accounting information you have described achieved the objective of maximizing the firm value. Your comment on the quality of the accounting information can be based on the attributes of accuracy, timeliness and cost of producing the information.

(d) Suggest possible improvements to the quality of the accounting information that the company can adopt.

. During Year One, Company A and Company Z both sell 1,000 computers for $1,000 each in cash. Company A provides a one-year warranty to its customers for free. Company Z sells a one-year warranty to all of its customers for $50 each. Both companies expect 5 percent of the computers to break and cost $600 each to repair. In Year Two, both companies actually have 6 percent of these computers break. However, the required cost to fix each one was only $550.

a. In financial reporting for Year One, which company will report the highest amount of net

income? What will be the difference in the two reported amounts?

b. In financial reporting for Year Two, which company will report the highest amount of net

income? What will be the difference in the two reported amounts?

Cornwell Construction Company has been operating in Pennsylvania for a
Cornwell Construction Company has been operating in Pennsylvania for a number of years. During 2019, the firm contracted with the Borough of Lewisburg to build a domed sports complex. Cornwell estimated that it would take three years to complete the facility at a total cost of $25 million. The total contract price was $30 million. During 2019, construction costs of $8 million were incurred related to the sports complex; estimated additional costs to complete the project were $16 million as of December 31, 2019. Contract billings through December 31, 2019, were $9 millions of which the Borough of Lewisburg had paid $7.5 million

1. Determine the amount of revenue and income to be recognized by Cornwell Construction on the sports complex for the year ended December 31, 2019, assuming it recognizes revenue over time and uses costs incurred to measure the extent to which its performance obligation has been satisfied.

2. Determine the amount of revenue and income to be recognized by Cornwell Construction on the sports complex for the year ended December 31, 2019, assuming it recognizes revenue at a point in time when control of the completed complex is transferred to the Borough of Lewisburg

3. How should Cromwell determine which of the two approaches is appropriate?

The success of an airline depends heavily on its ability to provide a pleasant customer experience. One dimension of customer service on which airlines compete is on-time arrival. The tables below contains a sample of data from delayed flights showing the number of minutes each delayed flight was late for two different airlines, Company A and Company B.

(a)

Formulate the hypotheses that can be used to test for a difference between the population mean minutes late for delayed flights by these two airlines. (Let μ₁ = population mean minutes late for delayed Company A flights and μ₂ = population mean minutes late for delayed Company B flights.)

H₀: μ₁ − μ₂ ≤ 0

H_a: μ₁ − μ₂ > 0

H₀: μ₁ − μ₂ < 0

H_a: μ₁ − μ₂ = 0

H₀: μ₁ − μ₂ ≥ 0

H_a: μ₁ − μ₂ < 0

H₀: μ₁ − μ₂ = 0

H_a: μ₁ − μ₂ ≠ 0

H₀: μ₁ − μ₂ ≠ 0

H_a: μ₁ − μ₂ = 0

(b)

What is the sample mean number of minutes late for delayed flights for each of these two airlines?

Company A  minCompany B  min

(c)

Calculate the test statistic. (Round your answer to three decimal places.)

What is the p-value? (Round your answer to four decimal places.)

p-value =

Using a 0.05 level of significance, what is your conclusion?

Reject H₀. There is statistical evidence that one airline does better than the other in terms of their population mean delay time.Do not reject H₀. There is no statistical evidence that one airline does better than the other in terms of their population mean delay time.     Do not Reject H₀. There is statistical evidence that one airline does better than the other in terms of their population mean delay time.Reject H₀. There is no statistical evidence that one airline does better than the other in terms of their population mean delay time.

State Probability Return on Stock A Return on Stock B

1 0.10 10% 8%

2 0.20 13% 7%

3 0.20 12% 6%

4 0.30 14% 9%

5 0.20 15% 8%

Which of the following portfolio(s) is(are) on the efficient frontier?
A. The portfolio with 20 percent in A and 80 percent in B.
B. The portfolio with 15 percent in A and 85 percent in B.
C. The portfolio with 26 percent in A and 74 percent in B.
D. The portfolio with 10 percent in A and 90 percent in B.
E. A and B are both on the efficient frontier.

Here is the answer, but I don't understand how they got it:

The Portfolio's E(Rp), sp, Reward/volatility ratios are 20A/80B: 8.8%, 1.05%, 8.38; 15A/85B: 8.53%, 1.06%, 8.07; 26A/74B: 9.13%, 1.05%, 8.70; 10A/90B: 8.25%, 1.07%, 7.73. The portfolio with 26% in A and 74% in B dominates all of the other portfolios by the mean-variance criterion.

1.       A mechanic is restoring an antique car. She checked the compression of each cylinder twice. She checked all six cylinders in sequence and then replicated the effort. The standard pressure for a cylinder is 100 PSI. The attached table has shows the results of her measurements. She has asked you to help analyze the data.

While she performed three tests she asked you to first analyze the data as one pooled set (that is, without regard to the fact that she ran two tests). Use what you think would be the appropriate test and explain your results.

She then asked you to consider the two different tests and to explain if there is any difference

In 2005, the Gallup Poll estimated that 32% of adults believe in ghosts. In a random sample of 200 young adults (ages 18-29), 38% said they believed in ghosts. Is this evidence that young adults are more likely to believe in ghosts? a. What is the population of interest? b. Describe p in words. c. Write the Hypotheses. d. Perform the test using a significance level of 0.10 ( = 0.10) ii. P-value Due to the different methods, I rounded out to 2 decimal places. Select the best possible answer. iii. Conclusion in context e. Explain what the P-value you found means in the context of the problem f. What would be a Type I Error in the context of this problem? i. Find a 95% confidence interval for p. Due to rounding errors, I rounded out to 2 decimal places. Select the best possible answer.

In 2005, the United States had a deficit of $318 billion and it has risen to $665 billion in 2017. To save this atrocious mess, the government must implement the known saying “to make money you have to earn money.”

            According to Aaron, there is money being lost in the government because agencies aren’t big enough to catch the issues. Government needs to hire more people to catch the small issues such as tax evasion, in 2015 over $500 billion in taxes were not collected. But, in 2014 the IRS lost 20% of their funding. With the job cuts, there are not enough people to catch those who are evading their taxes and more money is lost with each job that is cut. The same occurrence is happening in many other agencies such as in Medicare and job disability. The oversite is causing the deficit to grow and is snowballing to more jobs lost in the government and more oversites that is a vicious cycle. The same can be said from my final paper, the lack of eyes on the issue is causing the issue to grow. Many people think to cut spending as the solution, but that only leads to short term gain and to make back the money the government has spent longer term issues need to be put in place.

The U.S. does not have to eliminate social care options like Medicare, instead they need to focus on making Medicare more profitable and not a loss of millions due to oversite the workers don’t have time to deal with. The “not my job” mentality needs to stop in the government and it is time to put in effect long term solutions to help the economy.

Instead, the online deficit program, only created short term promises. Instead of putting in the work each president cuts money for the places that really need it and hurts the U.S. as a result.

discussion board