Questions
Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start...

Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 6,900 Accounts Payable $ 8,500 Accounts Receivable 25,250 Deferred Revenue (deposits) 5,200 Supplies 1,350 Notes Payable (long-term) 43,500 Equipment 15,300 Common Stock 15,000 Land 6,900 Retained Earnings 6,200 Building 22,700 Following are the January transactions: a.Received a $865 deposit from a customer who wanted her piano rebuilt in February. b.Rented a part of the building to a bicycle repair shop; $345 rent received for January. c.Delivered five rebuilt pianos to customers who paid $11,925 in cash. d.Delivered two rebuilt pianos to customers for $6,800 charged on account. e.Received $4,800 from customers as payment on their accounts. f.Received an electric and gas utility bill for $440 for January services to be paid in February. g.Ordered $995 in supplies. h.Paid $1,600 on account in January. i.Paid $10,300 in wages to employees in January for work done this month. j.Received and paid cash for the supplies in (g).

How to come up with a income statement for the month ended and at January 31.

How to come up with a statement of retained earnings for the month ended and at January 31.

How to come up with a classified balance sheet for the month ended and at January 31.

In: Finance

Devos Inc. is building a hotel. It will have 4 kinds of rooms: suites where customers...

Devos Inc. is building a hotel. It will have 4 kinds of rooms: suites where customers can smoke, suites that are non-smoking, budget rooms where the customers can smoke, and budget rooms that are non-smoking. When we build the hotel, we need to plan for how many rooms of each type we should have. The following are requirements for the hotel:

  1. We want to figure out how many rooms of each type to build based on maximizing revenue if we fill up the hotel. We expect to charge $190 for a suite that is non-smoking and $140 for a budget room that is non-smoking. Smoking room customers for both suites and budget rooms will have to pay an additional $20 per night.
  2. We can spend up to $7,500,000 on construction of our hotel. The cost to build a non-smoking budget room is $12,000. The cost to build a non-smoking suite is $15,000. It is $3,000 additional for a smoking room of either type for smoke detectors and sprinklers.
  3. We require that the number of budget rooms be at least 1.5 times the number of suites, but no more than 3 the number of suites.
  4. There needs to be at least 80 suites, but no more than 200.
  5. Industry trends recommend that smoking rooms should be less than 50% of the non-smoking room and in addition, we require our builder gives us at least 4 smoking rooms.

In: Operations Management

The following questions require that you conduct appropriate tests of the null hypotheses outlined in each...

The following questions require that you conduct appropriate tests of the null hypotheses outlined in each question using an a=0.05 significance level. In all cases you are expected to use the appropriate inferential statistical test available in the Excel data analysis tool pack. Questions requiring a post hoc means comparison test (ie Scheffe’s or Tukey’s HSD test) are worth 20 marks, otherwise they are worth 10 marks.

A toxicologist has conducted a study to determine whether a new insecticide will reduce the fecundity (number of eggs per day) of lady bird beetles, a beneficial non-target insect. Test the null hypothesis that there is no difference in the fecundity of the beetles in the three experimental treatments. If necessary, complete a means comparison test (i.e. Scheffé's test).

Control Low Dose High Dose
16 21 29
22 27 33
15 18 21
23 26 22
30 30 27
20 24 34
23 29 24

In: Statistics and Probability

The difference between actual revenues and expenses and the flexible budget is known as​ the: A....

The difference between actual revenues and expenses and the flexible budget is known as​ the:

A. flexible budget variance

B. master budget variance

C. static budget variance

D. volume variance

Identify which responsibility center would best describe the​ following:

The production line of American​ Apparel, where clothing is manufactured.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center

The subscription sales department of the New York Times.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center

The corporate division of​ Disney, Inc. responsible for​ revenues, costs, and managing its​ division's assets.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center

A Target​ store, which is part of the national store​ brand, and reports its own revenues and costs.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center

In: Accounting

For each of the following scenarios, identify whether or not process is random (e.g. random or...

For each of the following scenarios, identify whether or not process is random (e.g. random or non-random) and, if random, what distribution can be used to describe it (binomial, poisson, hyper-geometric, uniform, normal, exponential, or none of the listed before):

1. Counting the number of car accidents on Hamburg Turnpike between 8 and 9 AM on Mondays

2. Counting the number of houses in each block in the city

3. Recording scores from consecutive SAT test attempts

4. Counting the number of customers that arrives in the store on random days either between 1 and 3 PM or between 6 and 10 PM

5. Measuring the height of NJ residents

In: Statistics and Probability

Are births equally likely in each month of the year? Perform a complete test of hypothesis...

Are births equally likely in each month of the year? Perform a complete test of hypothesis using the data below from 2006. Please show calculator or excel steps used. Total: 4,265,555 January: 340,297 Feburary: 319,235 March: 356,786 April: 329,809 May: 355,437 June: 358,251 July: 367,934 August: 387,798 September: 374,711 October: 367,354 November: 351,832 December: 356,111

In: Statistics and Probability

4. Former Vice President Al Gore says this about global warming in his 2006 book and...

4. Former Vice President Al Gore says this about global warming in his 2006 book and film, An Inconvenient Truth:

“We can no longer afford to view global warming as a political issue – rather, it is the biggest moral challenge facing our global civilization”

c. What actions are recommended for individuals who are interested in helping to reduce the problems caused by global warming?

In: Chemistry

Given the year end prices of the following stocks, estimate the expected return of a portfolio...

Given the year end prices of the following stocks, estimate the expected return of a portfolio of 30% AAA and 70% BBB. Enter your answer as a percent without the % sign. Round your final answer to two decimals.

Year AAA BBB
2006 100 55
2007 105 65
2008 120 60
2009 110 70
2010 130 65
2011 160 80

In: Finance

Find the average annual growth rate of the dividends for each firm listed in the following...

Find the average annual growth rate of the dividends for each firm listed in the following table.

Firm

2006

2007

2008

2009

2010

2011

Loewen

​$1.00

​$1.07

​$1.20

​$1.20

​$1.27

​$1.40

Morse

​$1.00

​$1.00

​$0.80

​$1.30

​$1.25

​$1.40

Huddleston

​$1.00

​$2.75

​$3.60

​$3.80

​$3.80

​$5.00

Meyer

​$2.25

​$2.10

​$2.00

​$2.74

​$2.80

​$2.95

In: Finance

find the average annual growth rate of the dividends for each firm listed in the following...

find the average annual growth rate of the dividends for each firm listed in the following table.
firm.     2006.   2007.   2008.   2009.   2010.    2011
loewen $1.00 $1.05. $1.10. $1.20 $1.25.    $1.30
Morse.   $1.00. $0.90. $0.80. $1.10. $1.20.   $1.35
huddle. $1.00 $2.00. $3.50. $3.75. $3.80.   $4.25
meyer.    $2.00. $2.00. $2.00. $2.70. $2.80. $2.90

In: Finance