In preparing the consolidation worksheet for Pencil Corporation and its 60 percent–owned subsidiary, Stylus Company, the following consolidation entries were proposed by Pencil's bookkeeper:

Pencil's bookkeeper recently graduated from Oddball University, and although the dollar amounts recorded are correct, he had some confusion in determining which accounts needed adjustment. All intercorporate sales in 20X5 were from Stylus to Pencil, and Stylus sells inventory at cost plus 40 percent of cost. Pencil uses the fully adjusted equity method in accounting for its ownership in Stylus.

Required:
a. What percentage of the intercompany inventory transfer was resold prior to the end of 20X5? (Do not round your intermediate calculations. Round your final answer to nearest whole percentage.)

b. Prepare the appropriate consolidation entries needed at December 31, 20X5, to prepare consolidated financial statements. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)

• Record the entry to eliminate intercompany receivable/payable.
• Record the entry to eliminate the intercompany inventory sale.

ChocAttack makes candy bars for vending machines and sells them to vendors in cases of 30 bars. Although Choc Attack makes a variety of candy, the cost differences are insignificant, and the cases all sell for the same price. ChocAttack has a total capital investment of $19,000,000. It expects to produce and sell 650,000 cases of candy next year. ChocAttack requires a 12% target return on investment. Expected costs for next year are: Variable production costs $4.00 per case Variable marketing and distribution costs $2.50 per case Fixed production costs $95,000 Fixed marketing and distribution costs $800,000 Other fixed costs $400,000 ChocAttack prices the cases of candy at full cost plus markup to generate profits equal to the target return on capital.

Read the requirements:

1. What is the target operating income? (Enter the percentage as a whole number.) x = Target operating income x % =

2. What is the selling price ChocAttack needs to charge to earn the target operating income? Calculate the markup percentage on full cost.

Begin by calculating the target revenues by working backwards from the target operating income.

3. ChocAttack is considering increasing its selling price to $13 per case. Assuming production and sales decrease by 6%, calculate ChocAttack's return on investment. Is increasing the selling price a good idea?

1. A woman who is a carrier for the cystic fibrosis (cf) allele marries a man who is also a carrier.

1. What percentage of the woman’s eggs will carry the cf allele?____________

2. What percentage of the man’s sperm will carry the cf allele?____________

3. The probability that they will have a child who carries 2 copies of the cf allele is equal to the percentage of eggs that carry the allele times the percentage of sperm that carry the allele. What is this probability?___________

4. Is this the same result you would generate when doing a Punnett square of this cross?_____________

A publisher reports that 74 of their readers own a laptop. A marketing executive wants to test the claim that the percentage is actually different from the reported percentage. A random sample of 300 found that 70% of the readers owned a laptop. Is there sufficient evidence at the 0.05 level to support the executive's claim?

A. there is sufficient evidence to support the claim that the percentage of readers who own a laptop is different from 74%.

B.there is not enough sufficient evidence to support the claim that the percentage of readers who own a laptop is different from 74%.

Now, don't use the Empirical Rule to answer the same three questions. Be more precise and use the Normal CDF table, giving the percentage (all to 2 decimal places) of PE ratios that fall between. The price-earnings (PE) ratios of a sample of stocks have a mean value of 10.25 and a standard deviation of 2.6. If the PE ratios have a bell shaped distribution

D. 7.65 and 12.85.

Percentage =  %

E. 5.05 and 15.45.

Percentage =  %

F. 2.45 and 18.05.

Percentage =  %

The brand manager for a brand of toothpaste must plan a campaign designed to increase brand recognition. He wants to first determine the percentage of adults who have heard of the brand. How many adults must he survey in order to be 90​% confident that his estimate is within seven percentage points of the true population​ percentage? Complete parts​ (a) through​ (c) below. ​a) Assume that nothing is known about the percentage of adults who have heard of the brand. n equals = ?

You are an operations manager for American Airlines and you are considering a higher fare level for passengers with aisle seats. You want to estimate the percentage of passengers who now prefer aisle seats. How many randomly selected air passengers must you survey if you want to be 99% confident that the sample percentage is within 4.5 percentage points of the true population percentage? Assume that a recent survey suggests that about 34% of air passengers prefer an aisle seat.

Assuming that the heights of college women are normally distributed with mean 61 inches and standard deviation 3.4 inches, answer the following questions. (Hint: Use the figure below with mean μ and standard deviation σ.) (a) What percentage of women are taller than 61 inches? % (b) What percentage of women are shorter than 61 inches? % (c) What percentage of women are between 57.6 inches and 64.4 inches? % (d) What percentage of women are between 54.2 and 67.8 inches? %

Assuming that the heights of college women are normally distributed with mean 70 inches and standard deviation 3.4 inches, answer the following questions. (Hint: Use the figure below with mean μ and standard deviation σ.)

(a) What percentage of women are taller than 70 inches?
%

(b) What percentage of women are shorter than 70 inches?
%

(c) What percentage of women are between 66.6 inches and 73.4 inches?
%

(d) What percentage of women are between 63.2 and 76.8 inches?
%