Romero started his own consulting firm, Romero Company, on July 1, 2018. The trial balance at July 31 is shown below.

Other data:

1. Supplies on hand at July 31 are $750.

2. A utility bill for $350 has not been recorded and will not be paid until next month.

3. The insurance policy is for a year.

4. $1,200 of unearned service revenue remain unearned.

5. Romero company pays its employees total salaries of $7,250 every Monday for the preceding 5-day week (Monday through Friday). On Monday July 30, employees were paid for the week ending July 27. All employees worked the last 2 days of the month of July 2018.

6. The equipment is being depreciated over a 5-year life with no salvage value.

7. Invoices representing $3,200 of services performed during the month have not been recorded as of July 31.

8. Romero company borrowed $15,000 by signing a 7.3%, two-year note on July 11^th, 2018.

Instructions

a. Prepare the adjusting entries for the month of July.

b. Prepare the Classified Balance sheet at Dec. 31, 2018.

Romero started his own consulting firm, Romero Company, on July 1, 2018. The trial balance at July 31 is shown below.

Other data:

1. Supplies on hand at July 31 are $750.

2. A utility bill for $350 has not been recorded and will not be paid until next month.

3. The insurance policy is for a year.

4. $1,200 of unearned service revenue remain unearned.

5. Romero company pays its employees total salaries of $7,250 every Monday for the preceding 5-day week (Monday through Friday). On Monday July 30, employees were paid for the week ending July 27. All employees worked the last 2 days of the month of July 2018.

6. The equipment is being depreciated over a 5-year life with no salvage value.

7. Invoices representing $3,200 of services performed during the month have not been recorded as of July 31.

8. Romero company borrowed $15,000 by signing a 7.3%, two-year note on July 11^th, 2018.

Instructions

a. Prepare the adjusting entries for the month of July.

b. Prepare the Classified Balance sheet at Dec. 31, 2018.

Romero started his own consulting firm, Romero Company, on July 1, 2018. The trial balance at July 31 is shown below.

Other data:

1. Supplies on hand at July 31 are $750.

2. A utility bill for $350 has not been recorded and will not be paid until next month.

3. The insurance policy is for a year.

4. $1,200 of unearned service revenue remain unearned.

5. Romero company pays its employees total salaries of $7,250 every Monday for the preceding 5-day week (Monday through Friday). On Monday July 30, employees were paid for the week ending July 27. All employees worked the last 2 days of the month of July 2018.

6. The equipment is being depreciated over a 5-year life with no salvage value.

7. Invoices representing $3,200 of services performed during the month have not been recorded as of July 31.

8. Romero company borrowed $15,000 by signing a 7.3%, two-year note on July 11^th, 2018.

Instructions

a. Prepare the adjusting entries for the month of July.

b. Prepare the Classified Balance sheet at Dec. 31, 2018.

Listed below are amounts of court income and salaries paid to the town justices. All amounts are in thousands of dollars. Construct a​ scatterplot, find the value of the linear correlation coefficient​ r, and find the​ P-value using

alphaαequals=0.05.

Is there sufficient evidence to conclude that there is a linear correlation between court incomes and justice​ salaries? Based on the​ results, does it appear that justices might profit by levying larger​ fines?

Court_Income   Justice_Salary
65.0   31
403.0   46
1567.0   93
1130.0   54
270.0   44
253.0   62
112.0   25
155.0   26
30.0   17

What are the null and alternative​ hypotheses?

A.

Upper H 0H0​:

rhoρequals=0

Upper H 1H1​:

rhoρnot equals≠0

B.

Upper H 0H0​:

rhoρequals=0

Upper H 1H1​:

rhoρless than<0

C.

Upper H 0H0​:

rhoρnot equals≠0

Upper H 1H1​:

rhoρequals=0

D.

Upper H 0H0​:

rhoρequals=0

Upper H 1H1​:

rhoρgreater than>0

Construct a scatterplot. Choose the correct graph below.

A.

08001600050100Court IncomeJustice Salary

A scatterplot has a horizontal scale labeled “Court Income” from 0 to 1600 in intervals of 200 and a vertical scale labeled “Justice Salary” from 0 to 100 in intervals of 10. Nine points are plotted with approximate coordinates as follows: (220, 84); (220, 80); (360, 80); (400, 70); (580, 84); (740, 58); (1080, 62); (1120, 30); (1420, 44).

B.

08001600050100Court IncomeJustice Salary

A scatterplot has a horizontal scale labeled “Court Income” from 0 to 1600 in intervals of 200 and a vertical scale labeled “Justice Salary” from 0 to 100 in intervals of 10. Nine points are plotted with approximate coordinates as follows: (260, 84); (420, 24); (640, 56); (760, 86); (880, 48); (900, 34); (1040, 86); (1260, 46); (1480, 18).

C.

08001600050100Court IncomeJustice Salary

A scatterplot has a horizontal scale labeled “Court Income” from 0 to 1600 in intervals of 200 and a vertical scale labeled “Justice Salary” from 0 to 100 in intervals of 10. Nine points are plotted with approximate coordinates as follows: (140, 14); (140, 36); (340, 42); (660, 54); (740, 66); (900, 74); (1280, 90); (1320, 14); (1420, 74).

D.

08001600050100Court IncomeJustice Salary

A scatterplot has a horizontal scale labeled “Court Income” from 0 to 1600 in intervals of 200 and a vertical scale labeled “Justice Salary” from 0 to 100 in intervals of 10. Nine points are plotted with approximate coordinates as follows: (40, 18); (60, 32); (120, 26); (160, 26); (260, 62); (280, 44); (400, 46); (1140, 54); (1560, 94).

The linear correlation coefficient r is

nothing.

​(Round to three decimal places as​ needed.)

The test statistic t is

nothing.

​(Round to three decimal places as​ needed.)

The​ P-value is

nothing.

​(Round to three decimal places as​ needed.)

Because the​ P-value is

▼

greater

less

than the significance level

0.050.05​,

there

▼

is

is not

sufficient evidence to support the claim that there is a linear correlation between court incomes and justice salaries for a significance level of

alphaαequals=0.050.05.

Based on the​ results, does it appear that justices might profit by levying larger​ fines?

A.

It does appear that justices might profit by levying larger fines.

B.

It does not appear that justices might profit by levying larger fines.

C.

It does appear that justices might profit by issuing smaller fines.

D.

It appears that justices profit the same despite the amount of the fines.

describe how burning fossil fuels and deforestation each contribute to global climate change? The description must directly address global climate change and not the other ways humans impact the environment.

Explain how the concept of Shifting Baselines and Tragedy of the Commons applies to the overfishing of the world's oceans. In other words, how might each of these concepts contribute to our inability to sustainably harvest fish?

In empirical research, lots of researchers found that female participation rates increase dramatically from 1950 to 2011. Please indicate five factors that contribute to this trend, and briefly explain each factor

1- What is the median voter model? Why might it not work?

2- What does the Marxian approach to political economy contribute to our understanding?

3- What is Arrow's Impossibility theorem?

How does CVP analysis contribute to increasing the quality of decisions?

What is your interpretation of operating leverage? Is it relevant? Can you estimate it from a traditional GAAP accounting income statement?