Explosive Entertainment Inc. (EEI) is a wholesaler that sells three lines of sound systems. Pertinent details of the company follow:

• EEI purchases and resells the outdoor Product A and jogging Product B sound systems without alteration. For its indoor Product C sound system, EEI purchases the three component parts from separate producers and then assembles the finished product on its premises.

• EEI tracks its inventory using a perpetual inventory system and values it using the weighted average cost formula.

• The terms of all of EEI’s sales are FOB shipping point — that is, EEI records revenue when the product is shipped from its premises. EEI normally offers credit terms of 2/10, net 30 to its retail clients. The company records its accounts receivable using the gross method. EEI sells strictly on a cash basis to unestablished new clients. EEI also occasionally offers extended payment terms to well-established clients, and tailors the credit terms to suit the specific situation.

• The terms of all of EEI’s purchases are FOB destination — that is, EEI takes ownership of the goods when received from the vendor. All but one of EEI’s suppliers offer 30-day credit terms to the company. The exception is Active Co., which supplies the jogging sound system (Product B). Active Co. offers EEI terms of 1/15, net 30. EEI records its accounts payable using the gross method.

• While the resulting journal entries will all be entered to the nearest dollar, EEI rounds all dollar-based calculations to the nearest whole cent (for example, $21.46) and percentages to two decimal places (for example, 13.41%). You should do likewise in your supporting calculations.

• EEI’s opening inventory as at December 1, 20X4, follows:

(1) Many people consider their smart phone to be essential! Communication, news, Internet, entertainment, photos, and just keeping current are all conveniently possible with a smart phone. However, the battery better be charged or the phone is useless. Battery life of course depends on the frequency, duration, and type of use. One study involving heavy use of the phones showed the mean of the battery life to be 11.75 hours with a standard deviation of 3.4 hours. Then the battery needs to be recharged. Assume the battery life between charges is normally distributed. (a) Find the probability that with heavy use, the battery life exceeds 12 hours. (Round your answer to four decimal places.) (b) You are planning your recharging schedule so that the probability your phone will die is no more than 5%. After how many hours should you plan to recharge your phone? (Round your answer to the nearest tenth of an hour.) -------hours (2) The University of Montana ski team has six entrants in a men's downhill ski event. The coach would like the first, second, and third places to go to the team members. In how many ways can the six team entrants achieve first, second, and third places? (3) Find z such that 15% of the area under the standard normal curve lies to the right of z. (Round your answer to two decimal places.) Incorrect: Your answer is incorrect.

You've built an inflight entertainment system with on-demand movie streaming.

Users on longer flights like to start a second movie right when their first one ends, but they complain that the plane usually lands before they can see the ending. So you're building a feature for choosing two movies whose total runtimes will equal the exact flight length.

Write a method that takes an integer flightLength (in minutes) and an array of integers movieLengths (in minutes) and returns a boolean indicating whether there are two numbers in movieLengths whose sum equals flightLength.

When building your method:

• Assume your users will watch exactly two movies
• Don't make your users watch the same movie twice
• Optimize for runtime over memory

==========================

import org.junit.Test;
import org.junit.runner.JUnitCore;
import org.junit.runner.Result;
import org.junit.runner.notification.Failure;

import static org.junit.Assert.*;

public class Solution {

public static boolean canTwoMoviesFillFlight(int[] movieLengths, int flightLength) {

// determine if two movies add up to the flight length
  

return false;
}

// tests

@Test
public void shortFlightTest() {
final boolean result = canTwoMoviesFillFlight(new int[] {2, 4}, 1);
assertFalse(result);
}

@Test
public void longFlightTest() {
final boolean result = canTwoMoviesFillFlight(new int[] {2, 4}, 6);
assertTrue(result);
}

@Test
public void onlyOneMovieHalfFlightLenghtTest() {
final boolean result = canTwoMoviesFillFlight(new int[] {3, 8}, 6);
assertFalse(result);
}

@Test
public void twoMoviesHalfFlightLengthTest() {
final boolean result = canTwoMoviesFillFlight(new int[] {3, 8, 3}, 6);
assertTrue(result);
}

@Test
public void lotsOfPossiblePairsTest() {
final boolean result = canTwoMoviesFillFlight(new int[] {1, 2, 3, 4, 5, 6}, 7);
assertTrue(result);
}

@Test
public void notUsingFirstMovieTest() {
final boolean result = canTwoMoviesFillFlight(new int[] {4, 3, 2}, 5);
assertTrue(result);
}

@Test
public void oneMovieTest() {
final boolean result = canTwoMoviesFillFlight(new int[] {6}, 6);
assertFalse(result);
}

@Test
public void noMoviesTest() {
final boolean result = canTwoMoviesFillFlight(new int[] {}, 6);
assertFalse(result);
}

public static void main(String[] args) {
Result result = JUnitCore.runClasses(Solution.class);
for (Failure failure : result.getFailures()) {
System.out.println(failure.toString());
}
if (result.wasSuccessful()) {
System.out.println("All tests passed.");
}
}
}

=======================

PLEASE EXPLAIN THE LOGIC AND WRITE THE SOLUTION ALSO .

PROGRAMMING LANGUAGE : JAVA

Mobile entertainment is consider as any type of leisure activity that utilizes wireless telecommunication networks, interacts with service providers, and also incurs a cost upon usage.

Some of this activities include:

• Mobile music and video providers
• Mobile games
• Mobile gambling
• Mobility and sports

Write a list including the four activities presented and explain that particular activity, and express if that is one that you have practice or would like to practice. Also, select one of activities presented as the one you consider that may be the most potentially profitable.

Replacement Analysis

DeYoung Entertainment Enterprises is considering replacing the latex molding machine it uses to fabricate rubber chickens with a newer, more efficient model. The old machine has a book value of $800,000 and a remaining useful life of 5 years. The current machine would be worn out and worthless in 5 years, but DeYoung can sell it now to a Halloween mask manufacturer for $265,000. The old machine is being depreciated by $160,000 per year for each year of its remaining life.

The new machine has a purchase price of $1,175,000, an estimated useful life and MACRS class life of 5 years, and an estimated salvage value of $105,000. The applicable depreciation rates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. Being highly efficient, it is expected to economize on electric power usage, labor, and repair costs, and, most importantly, to reduce the number of defective chickens. In total, an annual savings of $255,000 will be realized if the new machine is installed. The company's marginal tax rate is 35% and the project cost of capital is 15%.

1. What is the initial net cash flow if the new machine is purchased and the old one is replaced? Round your answer to the nearest dollar.
   $
2. 
   
3. 
   
4. 
   
5. Calculate the annual depreciation allowances for both machines, and compute the change in the annual depreciation expense if the replacement is made. Do not round intermediate calculations. Round your answers to the nearest dollar.

   Year	Depreciation Allowance, New	Depreciation Allowance, Old	Change in Depreciation
   1	$	$	$
   2	$	$	$
   3	$	$	$
   4	$	$	$
   5	$	$	$

6. 
   
7. What are the incremental net cash flows in Years 1 through 5? Do not round intermediate calculations. Round your answers to the nearest dollar.

   CF1	$
   CF2	$
   CF3	$
   CF4	$
   CF5	$

8. 
   
9. Should the firm purchase the new machine?
   -Select-
   
   Support your answer. Do not round intermediate calculations. Round your answer to the nearest dollar.
   
   NPV: $

DeYoung Entertainment Enterprises is considering replacing the latex molding machine it uses to fabricate rubber chickens with a newer, more efficient model. The old machine has a book value of $450,000 and a remaining useful life of 5 years. The current machine would be worn out and worthless in 5 years, but DeYoung can sell it now to a Halloween mask manufacturer for $135,000. The old machine is being depreciated by $90,000 per year for each year of its remaining life.

The new machine has a purchase price of $800,000, an estimated useful life and MACRS class life of 5 years, and an estimated salvage value of $105,000. The applicable depreciation rates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. Being highly efficient, it is expected to economize on electric power usage, labor, and repair costs, and, most importantly, to reduce the number of defective chickens. In total, annual pre-tax savings of $175,000 will be realized if the new machine is installed. The company's marginal tax rate is 35% and the project cost of capital is 15%.

1. What is the initial net cash flow if the new machine is purchased and the old one is replaced? Round your answer to the nearest dollar. Cash outflow, if any, should be indicated by a minus sign.

   $  

2. Calculate the annual depreciation allowances for both machines, and compute the change in the annual depreciation expense if the replacement is made. Do not round intermediate calculations. Round your answers to the nearest dollar. Negative values, if any, should be indicated by a minus sign.

   Year	Depreciation Allowance, New	Depreciation Allowance, Old	Change in Depreciation
   1	$	$	$
   2	$	$	$
   3	$	$	$
   4	$	$	$
   5	$	$	$

3. What are the incremental net cash flows in Years 1 through 5? Do not round intermediate calculations. Round your answers to the nearest dollar. Cash outflows, if any, should be indicated by a minus sign.

   CF1	$
   CF2	$
   CF3	$
   CF4	$
   CF5	$

4. Should the firm purchase the new machine? Support your answer. Do not round intermediate calculations. Round your answer to the nearest dollar. Negative value, if any, should be indicated by a minus sign.

   NPV: $  

   The firm -Select-shouldshould notItem 23 purchase the new machine.

5. In general, how would each of the following factors affect the investment decision, and how should each be treated?

   1. The expected life of the existing machine decreases.

      If the expected life of the old machine decreases, the new machine will look -Select-betterworseItem 24 as cash flows attributable to the new machine would -Select-decreaseincreaseItem 25 .

   2. The cost of capital is not constant but is increasing as DeYoung adds more projects into its capital budget for the year.

      The -Select-higherlowerItem 26 capital cost should be used in the analysis.

Prepare the journal entries for the following petty cash transactions of hink gaming supplies November 1st established a pity cash fun with 150 ballots the limber thirtieths the petty cash bond has $14 in cash and 148 in pity cash tickets that were issued to pay for office supplies $8 entertainment expenses 140 replenished the fond and recorded the expenses December 15th increases the balance of the pity cash fund to $250

Watch an hour or two of children’s television. What were the programs and what are the themes of the programs you watched? What assumptions do television producers appear to make about the kinds of entertainment that are suitable for children? What cognitive, social and emotional concepts were covered in the shows? How would your interpretation of the shows differ from that of an early school age child? Write a page about your thoughts and findings.

The following information is available for Ryan Corporation: Assets at cost - $160,000 (5 year life, straight-line depreciation and purchased 4 years ago); NBV - $32,000 while UCC is $47,000 with a CCA rate – 30%; meals and entertainment recorded in the books - $10,000; golf dues paid - $2,500; accounting income - $90,000. Based on this information and a tax rate of 45%, what is taxable income?

114,508

115,400

104,508

51,930