At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:

a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.

b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

c. What are the budget implications for Craig Kovar?

Craig can see that his present plan   sufficient cash. If Craig did not budget but went ahead with the original plan, he would be $   at the end of December, with no time left to adjust.

During the course of a​ year, the labor force consists of the same 1,165 people. Of​ these 22 lack skills that employers desire and hence remain unemployed throughout the year. At the same​ time, every month during the​ year, 24 different people become​ unemployed, and 24 other different people who were unemployed find jobs. There is no cyclical unemployment.

a. Calculate the frictional unemployment rate. ________%.

​(Enter your response as a percentage rounded to two decimal​ places).

At the beginning of Year 1, Colonial Corporation purchased a new machine at a cost of $68,000. The estimated residual value was $7,000 and the estimated useful life was four years.

Required:

Calculate the depreciation expense in each year using the double-declining balance method.

1.The population of India in the year 2000 was 1 billion and it increased exponentially at a rate of 1.6% per year. If the growth rate is maintained, what will be the population in the year 2020? If the growth rate is decreased to 1.2% per year from 2020 onwards and is maintained at that level, what will be the population in the year 2050? Assuming the average human exhales 2.3 pounds of carbon dioxide on an average day, what is the total amount of Carbon released in the atmosphere annually by human exhalation (in billion tonnes) around the year 2020?  

2.Calculate the suspended particulate concentration (in μg/m³) in a sample collected through a hi-vol. sampler: Weight of clean filter = 5.00 g, Weight of the filter after exposure for 24 hours = 5.38 g, Average air flow = 2000 m³ in 24 hours.   

The following income statement was prepared by Walters Corporation a seller of equipment for the year ended Dec-31, 2013 Walters Corporation Comprehensive Income Statement For the year ended Dec-31, 2013 Sales revenue (Note: 1)……………………………………………………………………………………... $310,000

Cost of goods sold…………………………………………………………………………………………………………..…(140,000)

Gross profit………………………………………………………………………………………………………………………. 170,000

Less: Operating Expenses. Selling and administrative expenses…………………………………………50,000

Loss on sale of Investment……………………………………………………… 15,000 (65,000)

Other income and expense Gain on sale of plant assets…………….………………………………....... 40,000

Depreciation expense……………………………………………….……..….. (15,000)

Rent Expense………………………………………………………….……..…….. (6,000)

Dividend revenue…………………………………………………………….…… 50,000

Gain on disposal of a business division (net of tax)…………………. 30,000

Loss due to earthquake (Note-2) ………………………………...………… (5,000) 94,000

Income from operations…………………………………………………………………………………..……………….. 199,000

Interest expense………………………………………………………………………………………………………………. (6,000)

Income before tax..……………………………………………………………………………………….………………….….193,000 Tax Expense………………………………………………………………………………………………………………………….(15,000)

Net Income ………………………………………………………………………………………………….………………….…..178,000

Discontinued operations Loss on operation of discontinued division (Note-3)..………………………………………………………… (10,000)

Net Income before extraordinary Item…………………………………………………………………………….168,000

Extra ordinary item Loss on Impairment of Equipment………………………………………….…2,000

Restructuring Cost…………………………………………………………………….4,000 (6,000)

Net Income after extraordinary item …………………………………………………………………………………. 162,000

Basic EPS ……………………………………………………………………….…………………………………………… $13.5/share

Diluted EPS……………………………………………………………………………………………………………..……….$ 15/share

Attributable to Non-controlling interest…………………………………..……………………………………………………….………. 40,500

Shareholders of Walters………………………………………….…………………………………………….…….…. 121,500

Explanation of Notes

Note 1: Including in the Sales

a. $ 50,000 is related to goods sent on consignment

b. $ 15,000 is related to goods sold with a buy back arrangement with restriction on the use of this equipment by Walter.

c. $ 20,000 in respect of layaway sales representing initial deposit made by customers.

d. $ 60,000 to a customer whom title has been transferred but goods are not delivered on customers ‘request.

Note 2: The loss is unexpected as this place has never experienced earthquake in past 30 years

Note-3 The tax in respect of loss on operations of discontinued division is amounting $ 2,000

Required:

i. Comment on the above Notes i.e whether things are treated properly or not;

ii. Highlight any weakness regarding the presentation or treatment of any item in the presented Comprehensive Income statement not covered in notes.

it is found that the probability a certain plant flowers in its first year is 40%. A gardener purchases 1000 of these first-year plants. What is the variance and standard deviation of the random variable X which is the number of plants that flower in the first year?

Suppose that the average price of a 5 year old used car is $16,230 with a standard deviation of $4,740. Assume that the price follows a normal distribution, find the following

1. The probability of an used car is less than $19,000?
2. The probability of an used car is between 13,000, and 18,000?
3. The probability is between 11,000 and 16,000?
4. The probability is greater than 20,000?
5. I’m looking for an used car in the cheapest 10%. How much am I willing to pay for this car?

The following stem and leaf diagram show the number of days in a year a team of thirty technicians were absent from their work on medical grounds. Stem and Leaf Diagram of Number of Days Absent from Work Stem (tens) Leaf (ones) 01 1 23 2 017 3 1358 4 23678889 5 01345778 6 0123 a. Calculate the median number of days of absenteeism in the company. b. Calculate the interquartile range of the number of days of absenteeism in the company. c. You are presenting the dispersion of absenteeism rates to your manager who is not trained in statistics. Would you consider using quartiles to present dispersion information or the variance? Explain. d. The human resources manager of the company mentions that the company has always used median to present the absenteeism level of its workers. Based on the stem and leaf diagram, is his choice of measure of central tendency/location justified? Explain.

The RDA for this nutrient for children over 1-year old is the same as the adult RDA Carbohydrate,Protein,Fat or Water?