I need the general ledger, trial balance, income statement, statement of owner's equity, and balance sheet

King Kanuta, the ruler of Nutting Atoll, does not particular care for OSPs. However, he and his subjects love coconuts. The Nutters’ demand for coconuts is ? ? = 1200 − 100 × ?, while the supply of coconuts in Nutting Atoll is ? ? = 100 × ?.

a. What is the equilibrium price and quantity in this competitive market? What is the consumer and the producer surplus?

b. One day, King Kanuta decides to tax his subjects in order to collect coconuts for the Royal Larder. The King requires that for each coconut that every subject consumes, the subject must first buy a voucher from the palace at price £2. Write down the wedge that this tax introduces between consumer and producer prices. What is the effective price that consumers pay per coconut that they consume, and how many coconuts do they consume? What is the consumer and producer surplus under the coconut tax? How much revenue does this tax raise and how is the tax burden distributed?

c. King Kanuta’s subjects resent paying the taxes to the King and there are alarming signs of revolution among the Nutters. As a reaction, the King changes the tax. Now, the shopkeepers who sell the coconuts are responsible for paying the tax. That is, for each coconut they sell they must buy a license at a price of £2. Write down the new wedge that this tax introduces between consumer and producer prices. How many coconuts are consumed by the Nutters after this change in tax structure, what is the new price they pay? How much revenue does this tax raise and how is the tax burden now distributed?

d. There has been a rat invasion in the Royal Larder and all of King Kanuta’s reserves are now lost. In desperation, he decides to increase taxes in order to replenish his beloved Larder. In particular, he now wants to require each transaction of coconuts to be taxed at a price of £4. What would be the new quantity of coconuts transacted? What would be the new tax revenue? Calculate the deadweight loss of this tax.

e. King Kanuta’s Grand-Vizier thinks that a tax of £4 will not be enough. He is instead advocating a tax of £8. What would be the tax revenue at a tax of £8? Calculate the deadweight loss of this tax. Compare your answers to part d. Is there anything surprising here?

f. Finally, Lafferiku (King Kanuta’s Royal cook), is pushing for an even bigger tax of £10 per coconut. In terms of revenue collected and deadweight loss, how would you argue against such a tax?

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company’s flexible budget for August appears below:

The actual results for August appear below:

Required:

Calculate the company’s revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

.

Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below:

The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount.

Required:

1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Problem 7-9 Dixie Showtime Movie Theaters, Inc., owns and operates a chain of cinemas in several markets in the southern U.S. The owners would like to estimate weekly gross revenue as a function of advertising expenditures.

Data for a sample of eight markets for a recent week follow. Market Weekly Gross Revenue ($100s) Television Advertising ($100s) Newspaper Advertising ($100s) Mobile 102.5 5.1 1.6 Shreveport 52.7 3.2 3 Jackson 75.8 4 1.5 Birmingham 127.8 4.3 4 Little Rock 137.8 3.5 4.3 Biloxi 101.4 3.6 2.3 New Orleans 237.8 5 8.4 Baton Rouge 219.6 6.9 5.8

(a) Use the data to develop an estimated regression with the amount of television advertising as the independent variable. Let x represent the amount of television advertising. If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300) = + x Test for a significant relationship between television advertising and weekly gross revenue at the 0.05 level of significance. What is the interpretation of this relationship? The input in the box below will not be graded, but may be reviewed and considered by your instructor.

(b) How much of the variation in the sample values of weekly gross revenue does the model in part (a) explain? If required, round your answer to two decimal places. %

(c) Use the data to develop an estimated regression equation with both television advertising and newspaper advertising as the independent variables. Let x1 represent the amount of television advertising. Let x2 represent the amount of newspaper advertising. If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300) = + x1 + x2 Test whether each of the regression parameters β0, β1, and β2 is equal to zero at a 0.05 level of significance. What are the correct interpretations of the estimated regression parameters? Are these interpretations reasonable?

(d) How much of the variation in the sample values of weekly gross revenue does the model in part (c) explain? If required, round your answer to two decimal places. % (e) Given the results in part (a) and part (c), what should your next step be? Explain. (f) What are the managerial implications of these results?

The Kingbird, Inc. opened on April 1. All facilities were completed on March 31. At this time, the ledger showed No. 101 Cash $7,360, No. 140 Land $10,640, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $6,640, No. 157 Equipment $7,360, No. 201 Accounts Payable $3,360, No. 275 Mortgage Payable $8,640, and No. 311 Common Stock $20,000. During April, the following events and transactions occurred.

In addition to the accounts identified above, the chart of accounts shows No. 112 Accounts Receivable, No. 136 Prepaid Rent, No. 400 Service Revenue, No. 429 Rent Revenue, No. 610 Advertising Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.

a. Enter the beginning balances in the ledger as of April 1.

b. Journalize the April transactions. Kingbird, Inc. records admission revenue as service revenue, rental of the concession stand as rent revenue, and film rental expense as rent expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

c. Post the April journal entries to the ledger. (Post entries in the order of journal entries presented in the previous part.)

d. Prepare a trial balance on April 30, 2019.

• Estimate the product costs is for Fitbit.In 2018, we focused on providing more choice and accessibility to consumers in wearables to drive acquisition of users. We introduced Fitbit Versa, our first mass appeal smartwatch in the second quarter, resulting in increased smartwatch revenue over the course of 2018. Smartwatch revenue increased to 44% of revenue in 2018, from 8% in 2017. We also launched Fitbit Charge 3, which innovates on our Charge family of trackers, and which has sold more than 38 million devices. It gives people health and fitness features in a slim, premium tracker design, with smart functionality, and long battery life at an affordable price. The introduction of Fitbit Ace, a tracker designed for kids ages 8 and up and Fitbit family accounts, also expanded our addressable market.

• Do the costs described include direct materials, direct labor, and manufacturing overhead?
• Are any product costs missing from these analyses?
• Discuss how you would try to determine direct materials, direct labor, overhead costs.
• Are there other costs that are not considered?
• Which product costing method do you think is appropriate for the product you chose and why?
• Are you outraged by the product mark-up?

- Flamingo Company borrows $30,000 using a five-year, long-term installment note payable. The rate on the note is 5 percent and Flamingo agrees to make monthly payments of $566.14. When Flamingo records its first payment on the note payable, what will the journal entry look like (without the numbers).

1. Debit Cash

Debit Interest Expense

          Credit Notes Payable

2. Debit Interest Expense

Credit Notes Payable

Credit Cash

3. Debit Notes Payable

Credit Cash

Credit Interest Payable

4. Debit Interest Expense

Debit Notes Payable

           Credit Cash

- Relish Company incurs the following costs associated with the purchase of a new machine:

Purchase Price $20,000

Sales Tax 1,500

Manufacturer testing to ensure proper functioning 500

Shipping costs for the machine paid by Relish Company 200

What is the total cost Relish will capitalize when recording the asset?

1. $20,500

2. $22,200

3. $20,000

4. $22,000

- On January 1, 2017, Jenks Company purchased the copyright to Jackson Computer tutorials for $216,000. It is estimated that the copyright will have a useful life of 5 years and no salvage value. Assuming Jenks has a year-end of December 31, the amount of Amortization Expense recognized for year 2017 should be:

1. $20,000

2. $21,600

3. $43,200

4. $40,000

- On November 6, 2019, Julio paid $650 cash for his airplane ticket home for Christmas break. He leaves Bozeman on December 16, 2019. How would the airline record the transaction where they receive cash from Julio?

1. Debit Cash 650

Credit Deferred Ticket Revenue 650

2. Debit Deferred Ticket Revenue 650

Credit Cash 650

3. Debit Ticket Revenue 650

Credit Deferred Ticket Revenue 650

4. Debit Cash     650

Credit Ticket Revenue 650

- Which of the following expenditures should be expensed (debited to an expense account)?

1. The replacement of an engine on an airplane.

2. An oil change for a delivery vehicle.

3. The addition of a garage to a home.

4. A refrigeration system added to a tractor-trailer.

- Goodwill is:

1. The value of a business as a whole, over and above the value of its net identifiable assets.

2. Recorded when created internally through advertising expenses.

3. Only recorded by the seller of a business.

4. Amortized over the greater of its estimated life or forty years.

Wal-Mart is the second largest retailer in the world. The data file (WalMart_revenue.xlsx) is included in the Excel data zip file in week one, and it holds monthly data on Wal-Mart’s revenue, along with several possibly related economic variables. Develop a linear regression model to predict Wal-Mart revenue, using CPI as the only (a) independent variable. (b) Develop a linear regression model to predict Wal-Mart revenue, using Personal Consumption as the only independent variable. (c) Develop a linear regression model to predict Wal-Mart revenue, using Retail Sales Index as the only independent variable. (d) Which of these three models is the best? Use R-square value, Significance F values and other appropriate criteria to explain your answer. Identify and remove the four cases corresponding to December revenue. (e) Develop a linear regression model to predict Wal-Mart revenue, using CPI as the only independent variable. (f) Develop a linear regression model to predict Wal-Mart revenue, using Personal Consumption as the only independent variable. (g) Develop a linear regression model to predict Wal-Mart revenue, using Retail Sales Index as the only independent variable. (h) Which of these three models is the best? Use R-square values and Significance F values to explain your answer. (i) Comparing the results of parts (d) and (h), which of these two models is better? Use R-square values, Significance F values and other appropriate criteria to explain your answer. Please use one Excel file to complete this problem, and use one sheet for one sub-problem. Use a Microsoft Word document to answer questions. Finally, upload the files to the submission link for grading.

Accounts Payable
Accounts Receivable
Building
Cash
Equipment
Fees Earned
Land
Owner—Drawing
Owner—Equity
Rent Revenue
Supplies
Utilities Expense
Wages Expense

If the total of each ACCOUNT is $5,000 what will be the NET INCOME ?