Required information

[The following information applies to the questions displayed below.]
  
In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2020. Information related to the contract is as follows:

Westgate recognizes revenue over time according to percentage of completion.

rev: 09_15_2017_QC_CS-99734

5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.)

Required information

[The following information applies to the questions displayed below.]
  
In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2020. Information related to the contract is as follows:

Westgate recognizes revenue over time according to percentage of completion.

rev: 09_15_2017_QC_CS-99734

4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.)

Dr. Schwartz wanted to examine the hypothesis that smelling peppermint affects exercise intensity, so she used random assignment in her first experiment on this topic. The peppermint group exercised in a room in which a peppermint scent was released once each minute, while the no peppermint group exercised in an unscented room. She measured the distance participants cycled in 20 minutes on indoor bicycles. After she completed that first experiment, Dr. Schwartz realized that perhaps her results in the first experiment could be attributable to the failure of random assignment to balance the weight of participants in the two groups. Thinking that this alternative explanation might explain why she got nonsignificant results in the first experiment, she decided to match participants on weight. She randomly assigned the two heaviest participants to either the peppermint or no peppermint conditions by flipping a coin, and then randomly assigned the next two heaviest participants, and so on.

Using the data shown below, conduct the appropriate statistical test in SPSS to determine whether there is a statistically significant difference between how far the participants in the peppermint condition rode vs. how far participants in the no peppermint condition rode.

1. What is the design of this experiment?

Single sample

Between subjects

Within subjects

2. What kind of samples are being used in this experiment?

Matched samples

Dependent samples

The samples are both matched and dependent

Same sample

3. What is the M for the Peppermint group? (answer to 2 decimal places)
4. What is the M for the No Peppermint group? (answer to 2 decimal places)
5. What is the standard deviation for the Peppermint group? (answer to 2 decimal places)
6. What is the standard deviation for the No Peppermint group?(answer to 2 decimal places)
7. What is the value of t based on the SPSS output?(answer to 2 decimal places)
8. What is the p value you see in the SPSS output? (answer to 3 decimal places)
9. Write a conclusion based on the output you reported in the questions immediately above. Be sure to report the appropriate statistic in APA style.

From the following list of words and symbols, create your APA-style conclusion. Please also use any necessary numbers and punctuation (they are NOT provided in this list), and please include spaces around symbols as needed.

Do not use any words that are not in this list. Use as few words as possible to convey the necessary information. You will NOT use all the words provided.

A

Cycle

Cycled

Did

Distance

Farther

Less

Longer

More

Not

Of

Participants

Peppermint

Same

Smell

Smelled

Than

The

They

When

Who

p

M

t

( )

=   >   <   ≤ ≥

its java language.

1. Create a class called Car. A Car has instance variables, constructor parameters, setters, and getters for “year manufactured” and “make” and “model” (e.g. 2016 Honda Civic) 2. Create a class called CarLot which has an array of 5 Car references. There are two constructors: (a) One constructor takes no parameters and simply populates the array with these cars: cars[0] = new Car(2016, “honda”, “civic”); cars[2] = new Car(2017, “Lamborghini”, “aventador”); cars[3] = new Car(2000, null, “caravan”); cars[4] = new Car(2010, “dodge”, null); (b) The other constructor takes one parameter: a Car, and puts into the array as the first (and only) element. 3. Create a method public void addCar(Car car) which adds the new Car to the first empty element in the array; if there is no empty element just System.out.println(“no room”) instead. 4. Create a method public Car getCar(int index) which returns a reference to the car at the specified array index; if the index is not valid (i.e. not 0 to 4) return null instead. 5. Create a method public Car getOldestCar() which returns a reference to the oldest car in the array. Use your Car class from the previous question. 2. Create a class called UsedCarLot which has an ArrayList of Car references. 3. The constructor takes parameter: the name of the UsedCarLot (e.g. “Jason’s Used Cars”)…store this in the instance variable String CarLotName and has an accessor too: public String getName(). Also the constructor does this: It simply populates the ArrayList with these cars: cars.add(new Car(2016, “honda”, “civic”)); cars.add(new Car(2017, “Lamborghini”, “aventador”)); cars.add(new Car(2000, null, “caravan”)); cars.add(new Car(2010, “dodge”, null)); 4. Create a method public void addCar(Car car) which adds the Car parameter to the ArrayList. 5. Create a method public void removeCarsBetween(int firstYear, int lastYear) which removes all Cars from the list which were manufactured between firstYear and lastYear (inclusive). Use an iterator. 6. Create a method public Car[] getCarsMadeBy(String maker) which returns an array of Car references…all of the Cars which are made by the parameter maker.

I) A company bills customers for services rendered on account. Which of the following is part of recording this transaction?

a) Decrese service revenue

b) Decrease cash ; c) Increase account receivable ; d) Increase Unearned revenue

II) Adjusting entries always impact the income statement and the cash account

True or False?

III) Denise's Donuts has 12 Employees who are paid $15 per houir. At December 31, 2016, each of Denise's Donuts's employees had worked 20 hours which had not been paid or recorded. prior to adjustments, the company's trial balance showed $171400 in the wages expenses account. If Denise's Donuts makes the appropriate adjusting entry, how much will be reported on the December 31,2016 income statement as wage expense?

a) $167,800

b) $ 175,000

c) $3,600

d)$173,992

IV) A company provides services to clients during the period that are neither paid for, nor billed ( Invoiced) to the clients. What must the company do?

a) Collect the cash owed from the customer in order to recognize the revenue

b) record the revenues as a liability at the end of the year

c) Accrue revenue by making an adjusting entry at the end of the period

d) All provided answers are true

V) when adjusting for depreciation, which of the following is one effect of the adjustment

a) Accumulated depreciation is decreased

b) The asset's book value declines

c) The cost of the equipment declines

d) The market value of the equipment declines

Assume that a parent company acquired 80% of a subsidiary on January 1, 2014. The purchase price was $175,000 in excess of the subsidiary’s book value of Stockholders’ Equity on the acquisition date, and that excess was assigned entirely to an unrecorded Patent owned by the subsidiary. The assumed economic useful life of the patent is 10 years.

Assume that subsidiary sells inventory to the parent. The parent, ultimately, sells the inventory to customers outside of the consolidated group. You have complied the following data for the years ending 2015 and 2016 related with intra-entity inventory sales.

                Inventory Sales                 Gross Profit Remaining in Unsold Inventory

2016           $ 103,300                                   $29,441

2015           $ 87,900                                     $19,137

The inventory not remaining at the end of the year has been sold to unaffiliated entities outside of the consolidated group. The unsold part will be sold to unaffiliated entities in the following year. The parent company applies equity method for this investment.

Subsidiary reports $216,930 as net income on its income statement for the year of 2016.

1. Show the computation to yield the pre-consolidation balance for Equity income in subsidiary (appeared under parent company’s income statement) during 2016.
2. If the intra-entity sales changes from upstream to downstream, then how would the balance change for Equity income in subsidiary during 2016.
3. Show the consolidation adjustment entries related to intra-entity inventory sales.

AA

At year-end 2016, Wallace Landscaping's total assets were $2.0 million and its accounts payable were $355,000. Sales, which in 2016 were $2.4 million, are expected to increase by 20% in 2017. Total
assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typically uses no current liabilities other than accounts payable. Common stock amounted to
$485,000 in 2016, and retained earnings were $260,000. Wallace has arranged to sell $100,000 of new common stock in 2017 to rneet some of its financing needs. The remainder of its financing needs
will be met by issuing new long-term debt at the end of 2017. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Its profit margin on
sales is 4%, and 50% of earnings will be paid out as dividends.
a. What was Wallace's total long-term debt in 2016? Round your answer to the nearest dollar.
What were Wallace's total liabilities in 2016? Round your answer to the nearest dollar.
b. How much new long-term debt financing will be needed in 2017? (Hint: AFN - New stock = New long-term debt.) Round your answer to the nearest dollar.

text Prepare Cash Budget For 3 Months Brewster Corporation expects the following cash receipts and disbursements during the first quarter of 2016 (receipts exclude new borrowings and disbursements exclude interest payments on borrowings since January 1, 2016) January February March Cash receipts $290,000 $310,000 $280,000 Cash disbursements 270,000 350,000 290,000 The expected cash balance at January 1, 2016, is $72,000. Brewster wants to maintain a cash balance at the end of each month of at least $70,000. Short-term borrowings at 1% interest per month will be used to accomplish this, if necessary. Borrowings (in multiples of $1,000) will be made at the beginning of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March 31, 2016. Brewster Corporation Cash Budget for the Quarter Ended March 31, 2016 January February March Beginning cash balance Answer Answer Answer Cash receipts Answer Answer Answer Short-term borrowings Answer Answer Answer Cash available Answer Answer Answer Cash disbursements Answer Answer Answer Interest payment Answer Answer Answer Total cash disbursements Answer Answer Answer Ending cash balance Answer Answer Answer

Calculating LIFO Inventory Values

The Mann Corporation began operations in 2015. Information relating to the company’s purchases of inventory and sales of products for 2015 and 2016 is presented below.

Calculate the LIFO cost of goods sold and ending inventory for 2015 and 2016 assuming use of (a) the peri- odic method and (b) the perpetual method.

a. LIFO Periodic. Round to nearest whole number.

b. LIFO Perpetual. Round to nearest whole number.

Boehm Corporation has had stable earnings growth of 8% a year for the past 10 years and in 2015 Boehm paid dividends of $2.6 million on net income of $9.8 million. However, in 2016 earnings are expected to jump to $12.6 million, and Boehm plans to invest $7.3 million in a plant extension. This one-time unusual earnings growth won’t be maintained, though, and after 2016 Boehm will return to its previous 8% earnings growth rate. Its target debt ratio is 35%.

1. Calculate Boehm’s total dividends for 2016 under each of the following policies:

   1. Its 2016 dividend payment is set to force dividends to grow at the long-run growth rate in earnings.

   2. It continues the 2015 dividend payout ratio.

   3. It uses a pure residual policy with all distributions in the form of dividends (35% of the $7.3 million investment is financed with debt).

   4. It employs a regular-dividend-plus-extras policy, with the regular dividend being based on the long-run growth rate and the extra dividend being set according to the residual policy.

2. Which of the preceding policies would you recommend? Restrict your choices to the ones listed, but justify your answer.

3. Does a 2016 dividend of $9 million seem reasonable in view of your answers to parts a and b? If not, should the dividend be higher or lower?