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 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:
In: Operations Management
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. 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 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 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 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 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 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 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