The Eyes Have It sells custom eyewear during Year One that come with an embedded warranty. If the glasses break during Year Two, they will be fixed for free. Customers may also purchase an extended warranty that covers Year Three. During Year One, the company sold 55,000 pairs of eyeglasses for $1,000,000. Customers who purchased 40,000 of those pairs also purchased the Year Three extended warranty. The extended warranty brought in additional cash of $200,000. The company expects that 6 percent of the glasses will break during Year Two, and another 8 percent will break during Year Three. Each repair will cost $20 to fix.

a. Record the embedded warranty in Year One.

b. Record the sale of the extended warranties in Year One.

c. Assume that during Year Two the company spends $70,000 to repair glasses for these customers.

Prepare the necessary journal entry.

d. Assume that during Year Three the company spends another $102,000 to repair glasses that are

covered under the extended warranty. Prepare the necessary journal entry.

Exercise 1-50 (Algorithmic)
Statement of Cash Flows

Walters Inc. began operations on January 1, 2019. The following information relates to Walters' cash flows during 2019.

Required:

1. Calculate the cash provided/used for each cash flow category. If a net amount is negative (a cash outflow), enter your answer as a negative number.

2. Conceptual Connection: Comment on Walters' creditworthiness.

Walters has positive cash flow, especially from operations , showing the company is in a good financial position to pay its debts as they come due. The negative cash flow from investing activities is a sign of a growing company that is investing in revenue-producing assets.

Given the following​ data, calculate the cost of goods sold using the LIFO costing method assuming that periodic inventory records are kept in dollars.

$1,785.

$522

$1,691.

$428

$1,386

None of the above.

To test whether the mean time needed to mix a batch of material is the same for machines produced by three manufacturers, the Jacobs Chemical Company obtained the following data on the time (in minutes) needed to mix the material.

1. Use these data to test whether the population mean times for mixing a batch of material differ for the three manufacturers. Use = .05.
   
   Compute the values below (to 2 decimals, if necessary).

   Sum of Squares, Treatment
   Sum of Squares, Error
   Mean Squares, Treatment
   Mean Squares, Error

   
   
   Calculate the value of the test statistic (to 2 decimals).
   
   
   
   The p-value is Selectless than .01between .01 and .025between .025 and .05between .05 and .10greater than .10
   
   What is your conclusion?
   
   SelectConclude the mean time needed to mix a batch of material is not the same for all manufacturersDo not reject the assumption that mean time needed to mix a batch of material is the same for all manufacturers
   
2. At the = .05 level of significance, use Fisher's LSD procedure to test for the equality of the means for manufacturers 1 and 3.
   
   Calculate Fisher's LSD Value (to 2 decimals).
   
   
   
   What is your conclusion about the mean time for manufacturer 1 and the mean time for manufacturer 3?
   
   SelectCannot conclude there is a difference in the mean time for these manufacturersThese manufacturers have different mean times

1. Identify the primary goal of the management of a publicly held corporation, and understand the relationship between stock prices and shareholder value. Briefly explain the conflicts between managers and stockholders, and explain useful motivational tools that can help to prevent these conflicts.

The table shown above is taken from the Greene-Touchstone study which shows the relationship between birthweight and estriol level in pregnant women near term. Use SPSS to solve this problem

a. What is the equation of the estimated regression line?

= ______________

b. Plot the data and graph the line. Does the line appear to provide a good fit to the data points?

c. Use the least-squares line to predict the value of y when x =22

d. Fill in the missing entries in the SPSS analysis of variance table

Source             DF                   SS                    MS                  F                      P

Regression                  

Error                ____                _____                                      ____________

e) Is the simple linear regression model useful for predicting birthweight from a given amount of estriol?

f) What is the p-value?

g) Based on the p-value, one can deduce that A linear relationship ________ between x and y.

h) The simple linear regression model ______________ useful for predicting birth weight from estriol levels

i) What is the coefficient of determination. (r-squared) or r?

j) Interpret the coefficient (r-squared) of determination.

question 1

half life 27-32 hours

• Calculate how long it takes to eliminate 95% of a single dose of escitalopram from the body. Provide the range of values and the equation used.
• From the given pharmacokinetics parameter, explain which elimination model of escitalopram is likely to follow.

questionB

what is the mechanism of actions of escitalopram, and the affect escitalopram has on the structure of the target site

Identify the molecular target for escitalopram, and explain the full mechanism of action (including signalling) for escitalopram . identify the specific target receptors and structure of escitalopram and how it affect affects it target.

question C

what are thetheraputic use and adverse affects of escitalopram. Explain why this adverse effect occurs.

the pharmacokinetics of escitalopram

Identify the basic assumption or broad accounting principle that was violated in each of the following situations.

1. Pastel Paint Company purchased land two years ago at a price of $250,000 Because the value of the land has appreciated to $400,000 the company has valued the land at$400,000 in it's most recent balance sheet.  

2. Atwell Corp has not prepared financial statements for external users for over three years

3. The Klingon Company sells farm machinery Revenue from a large order of machinery from a new buyer was recorded the day the order was received

4. Don Smith is the sole owner of a company called Hardware City The company recently paid a $150 utility bill for Smith's personal residence and recorded a $150 expense

5. Golden Book Company purchased a large printing machine for $1,000,000 (a material amount) and recorded the purchase as an expense

6. Ace Appliance company is involved in a major lawsuit involving injuries sustained by some of it's employees in the manufacturing plant. The company is being sued for $2,000,000 a material amount an is not insured. The suit was not disclosed in the most recent financial statements because no settlement had been reached

Answer options are:

Expense recognition; materiality

Revenue recognition

The economic entity assumption

The full disclosure principle

The historical cost (original transaction value) principle

The periodicity assumption

Select one answer per question please

In 2000, Enron enjoyed remarkable success in the capital markets. During that year, Enron’s shares increased in value by 89%, while the S&P 500 index fell by 9%. At the end of 2000, Enron’s shares were trading at roughly $83 per share, and all of the sell-side analysts following Enron recommended the shares as a ‘‘buy’’ or a ‘‘strong buy.’’ With 752.2 million shares outstanding, Enron had a market capitalization of $62,530 million and was one of the largest firms Enron had a market capitalization of $62,530 million and was one of the largest firms (in terms of market capital) in the United States. At year-end 2000, Enron’s book value of common shareholders’ equity was $11,470 million. At year-end 2000, Enron posted earnings per share of $1.19. Among sell-side analysts following Enron, the consensus forecast for earnings per share was $1.31 per share for 2001 and $1.44 per share for 2002, with 10% earnings growth expected from 2003 to 2005. At the time, Enron was paying dividends equivalent to roughly 40% of earnings and was expected to maintain that payout policy. At year-end 2000, Enron had a market beta of 1.7. The risk-free rate of return was 4.3%, and the market risk premium was 5.0%. (Note: The data provided in this problem, and the inferences you draw from them, do not depend on foresight of Enron’s declaring bankruptcy by the end of 2001.)

Reverse engineer Enron’s $83 share price to solve for the implied expected return on
Enron shares at year-end 2000. Do the reverse engineering under the following
assumptions:
(1) Enron’s market price equals value.
(2) The consensus analysts’ earnings-per-share forecasts through 2005 are reliable proxies
for market expectations.
(3) Enron will maintain a 40% dividend payout rate.
(4) Beyond 2005, Enron’s long-run earnings growth rate will be 3.0%.

Please include details on how the reverse engineering numbers are calculated.