THIS ENTIRE THING IS ONE EXERCISE, PLEASE ANSWER ALL PARTS:

Near the end of 2019, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2019.

To prepare a master budget for January, February, and March of 2020, management gathers the following information.

1. The company’s single product is purchased for $30 per unit and resold for $59 per unit. The expected inventory level of 4,750 units on December 31, 2019, is more than management’s desired level, which is 20% of the next month’s expected sales (in units). Expected sales are January, 7,500 units; February, 8,500 units; March, 10,750 units; and April, 10,000 units.
2. Cash sales and credit sales represent 20% and 80%, respectively, of total sales. Of the credit sales, 59% is collected in the first month after the month of sale and 41% in the second month after the month of sale. For the December 31, 2019, accounts receivable balance, $125,000 is collected in January 2020 and the remaining $395,000 is collected in February 2020.
3. Merchandise purchases are paid for as follows: 20% in the first month after the month of purchase and 80% in the second month after the month of purchase. For the December 31, 2019, accounts payable balance, $70,000 is paid in January 2020 and the remaining $290,000 is paid in February 2020.
4. Sales commissions equal to 20% of sales are paid each month. Sales salaries (excluding commissions) are $48,000 per year.
5. General and administrative salaries are $132,000 per year. Maintenance expense equals $2,200 per month and is paid in cash.
6. Equipment reported in the December 31, 2019, balance sheet was purchased in January 2019. It is being depreciated over eight years under the straight-line method with no salvage value. The following amounts for new equipment purchases are planned in the coming quarter: January, $38,400; February, $98,400; and March, $21,600. This equipment will be depreciated under the straight-line method over eight years with no salvage value. A full month’s depreciation is taken for the month in which equipment is purchased.
7. The company plans to buy land at the end of March at a cost of $165,000, which will be paid with cash on the last day of the month.
8. The company has a working arrangement with its bank to obtain additional loans as needed. The interest rate is 12% per year, and interest is paid at each month-end based on the beginning balance. Partial or full payments on these loans can be made on the last day of the month. The company has agreed to maintain a minimum ending cash balance of $17,000 at the end of each month.
9. The income tax rate for the company is 41%. Income taxes on the first quarter’s income will not be paid until April 15.

Required:
Prepare a master budget for each of the first three months of 2020; include the following component budgets.

1. Monthly sales budgets.
2. Monthly merchandise purchases budgets.
3. Monthly selling expense budgets.
4. Monthly general and administrative expense budgets.
5. Monthly capital expenditures budgets.
6. Monthly cash budgets.
7. Budgeted income statement for the entire first quarter (not for each month).
8. Budgeted balance sheet as of March 31, 2020.

One Trick Pony (OTP) incorporated and began operations near the end of the year, resulting in the following post-closing balances at December 31: Cash $ 18,620 Accounts Receivable 9,650 Allowance for Doubtful Accounts 900* Inventory 2,800 Unearned Revenue (30 units) 4,350 Accounts Payable 1,300 Notes Payable (long-term) 15,000 Common Stock 5,000 Retained Earnings 4,520 * credit balance. The following information is relevant to the first month of operations in the following year: OTP will sell inventory at $145 per unit. OTP’s January 1 inventory balance consists of 35 units at a total cost of $2,800. OTP’s policy is to use the FIFO method, recorded using a perpetual inventory system. In December, OTP received a $4,350 payment for 30 units to be delivered in January; this obligation was recorded in Unearned Revenue. Rent of $1,300 was unpaid and recorded in Accounts Payable at December 31. OTP’s note payable matures in three years, and accrues interest at a 10% annual rate. January Transactions 1. Included in OTP’s January 1 Accounts Receivable balance is a $1,500 balance due from Jeff Letrotski. Jeff is having cash flow problems and cannot pay the $1,500 balance at this time. On 01/01, OTP arranges with Jeff to convert the $1,500 balance to a 6-month note, at 12% annual interest. Jeff signs the promissory note, which indicates the principal and all interest will be due and payable to OTP on July 1 of this year. 2. OTP paid a $500 insurance premium on 01/02, covering the month of January; the payment is recorded directly as an expense. 3. OTP purchased an additional 150 units of inventory from a supplier on account on 01/05 at a total cost of $9,000, with terms 2/15, n/30. 4. OTP paid a courier $300 cash on 01/05 for same-day delivery of the 150 units of inventory. 5. The 30 units that OTP’s customer paid for in advance in December are delivered to the customer on 01/06. 6. On 01/07, OTP paid the amount necessary to settle the balance owed to the supplier for the 1/05 purchase of inventory (in 3). 7. Sales of 40 units of inventory occuring during the period of 01/07 – 01/10 are recorded on 01/10. The sales terms are 2/10, n/30. 8. Collected payments on 01/14 from sales to customers recorded on 01/10. The discount was properly taken by customers on $5,800 of these credit sales; consequently, OTP received less than $5,800. 9. OTP paid the first 2 weeks wages to the employees on 01/16. The total paid is $2,200. 10. Wrote off a $1,000 customer’s account balance on 01/18. OTP uses the allowance method, not the direct write-off method. 11. Paid $2,600 on 01/19 for December and January rent. See the earlier bullets regarding the December portion. The January portion will expire soon, so it is charged directly to expense. 12. OTP recovered $400 cash on 01/26 from the customer whose account had previously been written off on 01/18. 13. An unrecorded $400 utility bill for January arrived on 01/27. It is due on 02/15 and will be paid then. 14. Sales of 65 units of inventory during the period of 01/10 – 01/28, with terms 2/10, n/30, are recorded on 01/28. 15. Of the sales recorded on 1/28, 15 units are returned to OTP on 01/30. The inventory is not damaged and can be resold. 16. On 01/31, OTP records the $2,200 employee salary that is owed but will be paid February 1. 17. OTP uses the aging method to estimate and adjust for uncollectible accounts on 01/31. All of OTP’s accounts receivable fall into a single aging category, for which 8% is estimated to be uncollectible. (Update the balances of both relevant accounts prior to determining the appropriate adjustment, and round your calculation to the nearest dollar.) 18. Accrue interest for January on the note payable on 01/31. 19. Accrue interest for January on Jeff Letrotski’s note on 01/31 (see 1).

Can someone help me with the income statement and the balance sheet for this question?

Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufactures cabinets of mahogany, oak, and other fine woods for use in expensive homes, restaurants, and hotels. Although some of the work is custom, many of the cabinets are a standard size. One such non-custom model is called Luxury Base Frame. Normal production is 1,000 units. Each unit has a direct labor hour standard of 5 hours. Overhead is applied to production based on standard direct labor hours. During the most recent month, only 900 units were produced; 4,500 direct labor hours were allowed for standard production, but only 4,000 hours were used. Standard and actual overhead costs were as follows.

Standard (1,000 units) Actual (900 units)

Indirect materials $ 12,000 $ 12,300

Indirect labor   43,000   51,000

(Fixed) Manufacturing supervisors salaries   22,500   22,000

(Fixed) Manufacturing office employees salaries   13,000   12,500

(Fixed) Engineering costs   27,000   25,000

Computer costs   10,000   10,000 Electricity    2,500    2,500

(Fixed) Manufacturing building depreciation    8,000    8,000

(Fixed) Machinery depreciation    3,000    3,000

(Fixed) Trucks and forklift depreciation    1,500    1,500 Small tools      700    1,400

(Fixed) Insurance      500      500

(Fixed) Property taxes      300      300

Total $144,000 $150,000

Instructions

a. Determine the overhead application rate.

b. Determine how much overhead was applied to production.

c. Calculate the total overhead variance, controllable variance, and volume variance.

d. Decide which overhead variances should be investigated.

e. Discuss causes of the overhead variances. What can management do to improve its performance next month?

1. What effect does the forest canopy have on temperatures at or near the ground /water’s surface? What is the reason for these effects?

                2. What effect does a forest have on humidity ? What is the reason?

3. Since climatic factors vary spatially and temporarily, what variations could you expect in the following factos:

                                a. Temperature

                                                i. on the surface of a still pool of water in a forest opening at noon

                                                ii. within the crevice of a rock cave 1m high at night

                                b. Humidity

                                                i. on the surface of the ground in a treefall gap during the dry season

                                                ii. within a tank bromeliad 3m above the ground in the rainy season

Mr. Zillow wants to research the prices in a Subdivision near Disney World called World of Homes. The prices of 14 homes in this subdivision are listed below. As a conclusion for his research, with a 90% confidence level, he prepares a report indicating the confidence interval for the mean prices of "World of Homes".    

In his report for the mean prices of "World of Homes", he first presents the value of margin of error which is equal to ___ along with the value of degrees of freedom which is equal to ___.

Moreover, Mr. Zillow's report also indicates the mean prices of "World of Homes" with a lower limit of ___ and an upper limit of ___ with a confidence level of 90%.

Round up or down your values to the closest whole numbers.

Fill in the blanks merely by plugging in integer values ONLY.

Please do not use any commas, decimals, or $ sign.

Bill’s Winery is considering opening a winery near campus. To open the winery, they must purchase $370 in equipment. Shipping of the equipment will cost $50 and installation of the equipment will be $40. In addition to the equipment, Bill’s Winery will build a new building with an all-in price of $1000. Bill bought the land for the winery for $200 five years ago and has no plans for the land if he does not build the winery. The modifications and equipment are depreciated using the 5-year MACRS schedule. Bill’s Winery will operate the winery for four years, and then expects to sell the winery to an investor for $1,200 plus any working capital. The firm will have some one-time expenses in year 1 of $170, primarily licenses and legal fees. To operate the winery, Bill’s Winery will need an increase in Inventory of $17, an increase of Accounts Receivables of $24, and will have an increase in Accounts Payable of $49. Working capital will be recovered when we sell the winery.

Annual sales are as follows; $400 in year 1, $1,200 in year 2, $2,200 in year 3, and $2,500 in year 4. Cost of Goods Sold (excluding overhead, depreciation, and lease payments) are 40% of annual sales. Production labor is 20% of sales. To manage the company, executives and administrators must be hired, at an annual fixed cost of $260. Property taxes and alcohol licenses are $300 per year. Bill’s has an agreement for a 3-year 6% amortized Small Business Administration Loan to finance part of the project. The firm needs new equity investors to fund the expansion and Bill’s Winery has only been able to find one equity investor. Both SBA and this equity investor requires that the firm have audited financial statements. The outside investor gets to choose the auditor and the auditor would cost the company $20 per year. The firm’s tax rate is 20%. The cost of capital is 13%.

What are the Initial Cash Flows in Year 0?

What are the Operating Cash Flows in Year 2?

What are the Terminal Cash Flows in Year 4? (I want only Terminal Cash Flows, not operating cash flows in year 4)

Show your work/inputs for partial credit. If you complete this in a spreadsheet, you can copy/paste your answer into the answer area

Q1. PLEASE EXPLAIN THE ANSWER Near to lacO are other DNA sequences similar to lacO.

A. What prevents LacI from occupying these instead of the lacO in the promoter region?

B. What role is proposed for those other lacO-like elements?

Q2. PLEASE EXPLAIN THE ANSWER

You are given an E. coli merodiploid with an F plasmid with this genotype: lacP- lacO+ lacZ+ lacY+ and a chromosome with a second copy of the lac operon with this genotype: lacP+ lacO+ lacZ- lacY-. Depending on the whether lacP- is replaced with lacP+ on the F plasmid by the Holliday or DSBR model, what happens to the copy of lacP on the chromosome? Explain why.

Bob has plans to camp overnight near Mt. Washington, the highest peak in the northeast, in January. Temperatures in that part of the White Mountains, routinely are well below zero, without wind chill. Bob knows he will need a sleeping bag, but has limited funds to purchase a sleeping bag.

In August he travels to LL Bean, Freeport, Maine to purchase a sleeping bag. Bob makes his way to the bag section and without consulting with store employees, selects a bag, primarily because of the bright color and low price. The bag is rated as "warm" down to 40 degrees above zero (F). He pays for the bag, without discussing the purchase with the cashier, or why or when he plans to use the bag.

He goes to Mt. Washington, in January, camps out and the temperature drops to 20 below (F), with wind chill -45 F. It is the first time he has used the bag and he suffers severe frostbite on his toes, necessitating the amputation of five toes.

Bob would like to sue LL Bean for the loss of his toes. His theory is that the bag "should have" protected him from the cold. Based upon the given facts, please discuss the merits of his suit. Is it likely that the suit succeed, why or why not?

Be sure to cite the proper section of the UCC that supports your answer. Hint: Review the sections in UCC 2-301, et al.

# 2: Now consider that Bob discussed his plans with the sleeping bag salesperson at LL Bean. He specifically told the sales associate that he needed a bag for the camping trip tp Mt Washington in January. The salesperson told him that the 40 degree bag was the best choice.   Does this change your analysis of the merits of the law suit? Why or why not?

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company’s costs:

For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expected to wash 8,200 cars in August and to collect an average of $6.60 per car washed. The company actually washed 8,300 cars.

The actual operating results for August appear below.

Required:

Compute the company's activity 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.)

On game days, homeowners near a college football stadium used to rent parking spaces in their driveways to fans at a market rate of $11 (4,000 spaces available)

Upon hearing rumors that homeowners were unfairly increasing parking prices for certain "high demand" games, the local town council issued a new town ordinance setting the maximum parking fee at $7.

1. How will homeowners react?
2. How will football fans react?
3. What is the outcome of their actions?