Questions
When making inferences concerning the mean difference using two dependent samples, it is necessary to calculate...

When making inferences concerning the mean difference using two dependent samples, it is necessary to calculate the standard deviation of the sample differences.

Calculate the standard deviation of the sample differences using the following information.

Round to 2 decimal places.

College Placement Test Results

Applicant 1 2 3 4 5
Before 51 62 74 64 72
   After 68 87 82 75 84

In: Statistics and Probability

Edom Company, the lessor, enters into a lease with Davis Company to lease equipment to Davis...

Edom Company, the lessor, enters into a lease with Davis Company to lease equipment to Davis beginning January 1, 2016. The lease terms, provisions, and related events are as follows:

1. The lease term is 5 years. The lease is noncancelable and requires annual rental receipts of $100,000 to be made in advance at the beginning of each year.
2. The equipment costs $313,000. The equipment has an estimated life of 6 years and, at the end of the lease term, has an unguaranteed residual value of $20,000 accruing to the benefit of Edom.
3. Davis agrees to pay all executory costs.
4. The interest rate implicit in the lease is 14%.
5. The initial direct costs are insignificant and assumed to be zero.
6. The collectibility of the rentals is reasonably assured, and there are no important uncertainties surrounding the amount of unreimbursable costs yet to be incurred by the lessor.

Required:

1. Next Level Determine if the lease is a sales-type or direct financing lease from Edom’s point of view (calculate the selling price and assume that this is also the fair value).
2. Prepare a table summarizing the lease receipts and interest revenue earned by the lessor.
3. Prepare journal entries for Edom, the lessor, for the years 2016 and 2017.
Prepare a table summarizing the lease receipts and interest revenue earned by the lessor.

Edom Company

Lease Payments Received and Interest Revenue Earned Summary

2016 - 2020

1

Date

Annual Lease Payments Received

Interest Revenue at 14% on Net Investment

Lease Receivable

Unearned Interest: Leases

Net Investment

2

January 1, 2016

3

January 1, 2016

4

December 31, 2016

5

January 1, 2017

6

December 31, 2017

7

January 1, 2018

8

December 31, 2018

9

January 1, 2019

10

December 31, 2019

11

January 1, 2020

12

December 31, 2020

General Journal

Prepare journal entries for Edom, the lessor, for the year 2016. Additional Instructions

PAGE 1

GENERAL JOURNAL

DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT

1

2

3

4

5

6

7

8

9

Prepare journal entries for Edom, the lessor, for the year 2017. Additional Instructions

PAGE 1

GENERAL JOURNAL

DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT

1

2

3

4

In: Accounting

Based on market research, a film production company in Ectenia obtains the following information about the...

Based on market research, a film production company in Ectenia obtains the following information about the demand and production costs of its new DVD:

Demand: P= 1,000- 10Q

Total Revenue: TR= 1,000Q- 10Q2

Marginal Revenue: MR= 1,000- 20Q

MC= 100 + 10Q

where Q indicates the number of copies sold and P is the price in Ectenian dollars.

Complete the following table by finding the price and quantity that maximize the company’s profit and the price and quantity that maximize social welfare.

Scenario Price (Dollars) Quanity (DVD's)
Maximizes the companys profits ??? ???
Maximizes social welfare ??? ???

The deadweight loss from the monopoly is $ ___??.

Suppose, in addition to the costs above, the director of the film has to be paid. The company is considering four options:

1: A flat fee of 2,000

2. 50 percent of the profits

3. 50 ectenian dollars per unit sold

4. 50 percent of the revenue

Complete the following table by finding the price and quantity that maximize the company’s profit under each of the following options.

Options Price (Dollars) Quanity (DVD's) Change in Deadweight Loss
Flat fee of 2,000 Ectentian dollars ??? ??? DECREASE, INCREASE, OR NO CHANGE??
50 percent of the profits ??? ??? DECREASE, INCREASE, OR NO CHANGE??
150 Ectenian dollars per unit sold ??? ??? DECREASE, INCREASE, OR NO CHANGE??
50 percent of the revenue ??? ??? DECREASE, INCREASE, OR NO CHANGE??

In: Economics

Soda: P = 110 − Qd and P = 4+ 2Qs where the unit for Q...

Soda: P = 110 − Qd and P = 4+ 2Qs
where the unit for Q is measured in thousands of cans, and the unit for P (price per can)

Candy: P=210−4Qd and P=25+Qs
where the unit for Q is measured in thousands of packs, and the unit for P (price per pack)

Suppose you can choose only ONE of the two goods to apply an excise tax on the producer side of the particular market.

Option 1 Apply the excise tax of $15/can to Soda and Option 2 Apply the excise tax of $15/pack to Candy

When analyzing a taxation on each good for the appropriate option, you must know the equilibrium traded price and quantity after taxation, the price that producers receive at the new equilibrium, tax revenue, consumer’s tax incidence, producer’s tax incidence and deadweight loss for both options. (incidence refers to the share of the tax burden).

  1. What is the equilibrium price and quantity in each market before any tax is introduced? What is the consumer and producer surplus in each case?
  2. What would be the equilibrium price and quantity in each market once the tax is introduced?
  3. What is the consumer surplus, producer surplus and deadweight loss in each case? Draw and show the same in separate graphs.
  4. What is the tax incidence in each case, that is how much of the tax is passed on to the con- sumers and producers in each case?
  5. What is the government revenue in each case?
  6. Which optionshould the tax authority choose if they want to(a) maximize revenue,(b)min- imize the tax burden on consumers, (c) minimize the tax burden on producers, (d) minimize deadweight loss?

In: Economics

Sep. 1 Strods invested $144,000 cash along with office equipment valued at $27,800 in a new...

Sep. 1 Strods invested $144,000 cash along with office equipment valued at $27,800 in a new sole proprietorship named AS Consulting.
Sep. 3 The company purchased land valued at $40,000 and a building valued at $162,800. The purchase is paid with $32,800 cash and a long-term note payable for $170,000.
Sep. 5 The company purchased $4,800 of office supplies on credit.
Sep. 7 Strods invested a personal automobile in the company. The automobile has a value of $22,100 and is to be used exclusively in the business.
Sep. 9 The company purchased $10,100 of additional office equipment on credit.
Sep. 11 The company paid $2,850 cash salary to an assistant.
Sep. 13 The company provided services to a client and collected $6,700 cash.
Sep. 15 The company paid $1,400 cash for this month’s utilities.
Sep. 17 The company paid $4,800 cash to settle the account payable created on September 5.
Sep. 19 The company purchased $20,700 of new office equipment by paying $20,700 cash.
Sep. 21 The company completed $7,000 of services for a client, who must pay within 30 days.
Sep. 23 The company paid $2,850 cash salary to an assistant.
Sep. 25 The company received $5,000 cash in partial payment on the receivable created on September 21.
Sep. 27

Strods withdrew $3,200 cash from the company for personal use.

1/Prepare income statement

2/prepare statement of owner`s equity

3/Prepare balance sheet  

In: Accounting

Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost...

  1. Entries and Schedules for Unfinished Jobs and Completed Jobs

    Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations:

    1. Materials purchased on account, $2,730.
    2. Materials requisitioned and factory labor used:
      Job No. Materials Factory Labor
      101 $2,250 $3,100
      102 2,750 4,190
      103 1,820 2,050
      104 6,170 7,690
      105 3,920 5,860
      106 2,860 3,720
      For general factory use 770 4,590
    3. Factory overhead costs incurred on account, $4,300.
    4. Depreciation of machinery and equipment, $2,200.
    5. The factory overhead rate is $75 per machine hour. Machine hours used:
      Job No. Machine Hours
      101 40
      102 19
      103 25
      104 65
      105 23
      106 27
      Total 199
    6. Jobs completed: 101, 102, 103, and 105.
    7. Jobs were shipped and customers were billed as follows: Job 101, $10,020; Job 102, $10,040; Job 105, $16,660.

    Required:

    1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.

    Entries Description Debit Credit
    a.
    b.
    c.
    d.
    e.
    f.
    g. Sale
    g. Cost

    2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month.

    Work in Process
    Bal.
    Finished Goods
    Bal.

    3. Prepare a schedule of unfinished jobs to support the balance in the work in process account.

    Hildreth Company
    Schedule of Unfinished Jobs
    Job Direct Materials Direct Labor Factory Overhead Total
    $ $ $ $
    Balance of Work in Process, April 30 $

    4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account.

    Hildreth Company
    Schedule of Completed Jobs
    Job Direct Materials Direct Labor Factory Overhead Total
    $ $ $ $

In: Accounting

Company XYZ a baby ware makes company servers three regions near Iowa and maintains consignment inventory...

Company XYZ a baby ware makes company servers three regions near Iowa and maintains consignment inventory (owned by ZZY) at each location. Currently. ZZy uses refrigerated TL transportation to deliver separately to each customer. Each truck costs $700 plus $150 per stop. KAR Food is considering aggregating deliveries to Iowa on a single truck. A careful study of the sales regions revealed three large customers, three medium-sized customers, and ten small customers. Demand at the large customer is 60 tons a year, demand at the medium customer is 24 tons per year, and demand at the small customer is 8 tons per year. Product cost for ZZZY Company is $10,000 per ton, and it uses an annual holding cost of 25 percent. Truck capacity is 12 tons.

a. What is the annual transportation and holding cost if ZZY ships a full truckload to each customer when they are running out of stock?

b. What is the optimal delivery policy to each customer if ZZY Company ships separately to each of them? What is the annual transportation and holding cost?

c. What is the optimal delivery policy to each customer if ZZY Company aggregates shipments to each of the three customers on every truck that goes to Iowa? What is the annual transportation and holding cost?

d. Can you come up with a tailored policy that has lower costs than the policies in (b) or (c)? What are the costs and inventories for your suggested policy?

In: Accounting

A company receives $360 for a 12-month trade magazine subscription on August 1.

true or false

A company receives $360 for a 12-month trade magazine subscription on August 1. The adjusting entry on December 31 is a debit to Unearned Subscription Revenue, $150, and credit to Subscription Revenue, $150

In: Operations Management

Macroeconomic Conditions and Company Performance: RE: Walmart, Neighborhood Market a) Describe the trends of Net Profit...

Macroeconomic Conditions and Company Performance: RE: Walmart, Neighborhood Market

a) Describe the trends of Net Profit And Total Revenue over the past three years. (Generally Macro effects of increased net profit and revenue)

In: Economics

The core business of Green Apple Ltd involves the sale of anti-virus software. The following took...

The core business of Green Apple Ltd involves the sale of anti-virus software. The following took place during the financial year ended 30 June. The company earned $25 000 000 from the sale of software; $3 000 000 from update downloads; and $50 000 in interest from investing on the short-term money market. The company also received a $2000 discount arising out of the early settlement of a liability; and issued shares in exchange for $500 000 cash during the year. Page 3 of 7 HC1010 Accounting for Business Discuss whether the foregoing five financial items would meet the definition of income to the company during the year? Give reasons for your answer. Which, if any, of the items would meet the definition of revenue to the company for the year? Give reasons for your answer.

In: Accounting