The manager of The Cheesecake Factory in Boston reports that on six randomly selected weekdays, the number of customers served was 120, 130, 100, 205, 185, and 220. She believes that the number of customers served on weekdays follows a normal distribution.

Construct the lower bound of the 90% confidence interval for the average number of customers served on weekdays. (Round the sample standard deviation to 2 decimal places, the "t" value to 3 decimal places, and the final answer to 2 decimal places.)

ACCOUNTING COLLEGE LEVEL 1 question

Melissa Young had always been encouraged by her accounting professor to apply her accounting skills as much as possible. When her uncle asked her to prepare his accounting records for a company he owns, called Bob's Repairs Ltd., she readily agreed.

The company has two employees who repair and service all computers used by four large companies in the area.

Following are dated August 31, 2018

1.When the corporation was formed on September 1, 2017, common shares were sold to the sole shareholder, Uncle Bob, for $10,000 cash.

2.Uncle Bob added up all of the invoices the company issued to its customers and the total came to $229,400. All of these were issued on credit.

3.The company received $190,000 cash from customers when they paid their invoices.

4.The company rents a small repair shop for $3,500 per month. The shop was rented for the full year and all rent was paid in cash. In addition, the landlord required the company to pay one month's rent in advance.

5.Salaries to employees totalled $120,000 for the year and were paid in cash.

6.Uncle Bob determined from a review of numerous invoices that the office expenses for the year were $36,400. Of these, all were paid except $4,000 that was still owing.

7.In late August, a new customer approached the company and signed a contract for service to be done to its computers starting in October 2018. The customer paid the company $2,000 in advance to secure the service.

8.Uncle Bob estimated that, given the net income earned by the company this year, income tax  

   expense should be $6,200 but this would not have to be paid for another two months.

9.The company declared and paid $1,000 of dividends to shareholders at the end of the year.

a) There were seven transactions that affected cash. Which of these related to operating activities? What was their total effect? What would Uncle Bob think about the operating cash flow? Which cash flows would be considered financing activities? Did the company need these cash flows? (7 points)

b) The company could not borrow any money from a bank to help start operations. Why do you think this happened? (3 points)

Retail Co. reported the balance sheet for fiscal year 2015 as follows.

Part I: Journal Entries and T-accounts

Required: Prepare Journal Entries for the below transactions occurred during fiscal year 2016. Also, post each transaction to T-accounts and prepare income staement.

a)The insurance policy cost $6,000 when the company paid the two-year insurance premium on June 30, 2015. As of December 31, 2016, the company must record the adjusting entries for fiscal year 2016 (Note that company has made adjusting entries for fiscal year 2015 and thus has a debit balance of prepaid insurance in 2015 balance sheet.b)During 2016, the company declared $6,000 of dividends, of which the firm paid $3,000 in cash to shareholders during 2016 and will pay the remainder during 2017. c)Early in 2016, the company also paid dividends of $1,800 cash that the company declared during 2015. (Note that company has a credit balance of dividend payable in 2015 balance sheet)d)On July 1, 2015, the company lent Appleton Co., $10,000 cash on a nine-month, $900 interest-bearing, note receivable. This transaction and accompanying adjusting entries were recorded at the end of 2015. On April 1, 2016, the company received $10,900 cash from Appleton Co., in full settlement of Appleton’s nine-month note. (Hint: First, calculate interest income to be realized in 2016. Also, account for remaining balances of notes receivable and interest receivable in 2015 balance sheet)e)The company purchased delivery trucks on March 1, 2016. To finance the acquisition, it gave the seller a $60,000 four-year note that bears interest of 10% per year. (Hint: Use Trucks and Notes Payable accounts)f)The company must pay interest on the note each six months ($3,000 = $60,000*10%*6/12), beginning September 1, 2016. The company made payment on this date.g)As of December 31, 2016, the company must record the adjusting entries for interest on the note as follows.h)At the end of 2016, the company depreciates the delivery trucks by $10,000.i)The computer systems are depreciated by $13,000 per yearj)The company shipped all the merchandise to customers, for which the customer had already paid in 2015 ($600).k)In 2016, the company received $1,400 from in advance paying customers for merchandise to be shipped in 2017 l)The company collected $208,600 on account from its customers m)During 2016, the company paid $115,000 on accounts payable to merchandise suppliers.n)The company paid $85,000 in cash to employees during 2016. Of this amount, $6,500 related to services that employees performed during 2015, and $4,000 related to services that employees will perform during 2017. Employees performed the remainder of the service during 2016.o)On December 31, 2016, the company owes employees $1,300 for services performed during the last several days of 2016.p)The company paid $27,000 in cash for income taxes in April 2016. Of this amount, $10,000 relates to income taxes applicable to 2015, and $3,000 relates to income taxes applicable to 2017. The remainder of payment is applicable to 2016.q)On December 31, 2016, the company learned that it owes additional $4,000 in income taxes, which will be paid off in next year.

Three different companies each purchased trucks on January 1, Year 1, for $60,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 79,000 miles in Year 1, 47,000 miles in Year 2, 51,000 miles in Year 3, and 74,000 miles in Year 4. Each of the three companies earned $49,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation.

Answer each of the following questions. Ignore the effects of income taxes.

Required

1. a-1. Calculate the net income for Year 1.

2. a-2. Which company will report the highest amount of net income for Year 1?

3. b-1. Calculate the net income for Year 4.

4. b-2. Which company will report the lowest amount of net income for Year 4?

5. c-1. Calculate the book value on the December 31, Year 3, balance sheet.

6. c-2. Which company will report the highest book value on the December 31, Year 3, balance sheet?

7. d-1. Calculate the retained earnings on the December 31, Year 4, balance sheet.

8. d-2. Which company will report the highest amount of retained earnings on the December 31, Year 4, balance sheet?

   e. Which company will report the lowest amount of cash flow from operating activities on the Year 3 statement of cash flows?

Three different companies each purchased trucks on January 1, Year 1, for $72,000. Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be $7,000. All three trucks were driven 67,000 miles in Year 1, 42,000 miles in Year 2, 40,000 miles in Year 3, and 62,000 miles in Year 4. Each of the three companies earned $61,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation. Answer each of the following questions. Ignore the effects of income taxes. Required a-1. Calculate the net income for Year 1. a-2. Which company will report the highest amount of net income for Year 1? b-1. Calculate the net income for Year 4. b-2. Which company will report the lowest amount of net income for Year 4? c-1. Calculate the book value on the December 31, Year 3, balance sheet. c-2. Which company will report the highest book value on the December 31, Year 3, balance sheet? d-1. Calculate the retained earnings on the December 31, Year 4, balance sheet. d-2. Which company will report the highest amount of retained earnings on the December 31, Year 4, balance sheet? e. Which company will report the lowest amount of cash flow from operating activities on the Year 3 statement of cash flows?

Briefly explain in no more than 300 words the following diagram which depicts the linkage between the corporation and investors in security markets. As part of your explanation, outline what are some of the types of securities which are traded in the market.

The basic materials stock sector, comprised of companies specializing in industrial commodities, had a very poor showing during the first six months of 2000. The average stock price in this sector was down an average of 27% for this period. Assume that the returns were distributed as a normal random variable with a mean of -27% and a standard deviation of 15%.

1. [3] If an individual stock were selected from this population, what is the probability that it would have a return of between -37 and -17%?

2. [3] If an individual stock were selected from this population, what is the probability that it would have made a profit – i.e. a return greater than 0.0%?

3. [3] If random samples, of 10 stocks were selected from this population. What proportion of the samples would have a mean return of between -37% and -17%?

4. [3] If random sample of 10 stocks were selected from this population, what proportion of the samples would have made a profit?

Question text

A researcher is interested in whether the attractiveness of the instructor influences student attendance at the statistics lab. The independent variable is the attractiveness of the lab instructor (assuming three instructors are of the same gender and are equally competent). The dependent variable is the number of times a student attends statistics lab during one semester. There are three groups with data:
Group 1(unattractive instructor): 20, 13, 9, 22, 21
Group 2: moderately attractive instructor: 24, 27, 25, 20, 29
Group 3: attractive instructor: 30, 24, 26, 28, 27
Based on the above information, 1) what is MSbetween? 2) what is the calculated F?, and 3) which group means are significantly different from each other based on Bonferroni correction?
Group 1 – Group 2: Significant Non-significant
Group 1 – Group 3: Significant Non-significant
Group 2 – Group 3: Significant Non-significant

The expected times and variances for the project activities are given below. Complete the table showing which activities are critical.

What is the probability of completing the project in 27 periods? Hint: Use the =NORM.S.DIST(z, TRUE) function in Excel to compute the probability. (Do not round intermediate calculations. Round the final answer to 3 decimal places, i.e., 0.750.)

1). What is the probability of completing the project in 27 time periods?_____

***PLEASE SHOW ALL WORK! I AM TRYING TO LEARN :)***

Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.

Information necessary to prepare the year-end adjusting entries appears below.

1. Depreciation on the office equipment for the year is $10,300.
2. Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $900.
3. On October 1, 2021, Pastina borrowed $50,600 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.
4. On March 1, 2021, the company lent a supplier $20,600 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022.
5. On April 1, 2021, the company paid an insurance company $6,600 for a two-year fire insurance policy. The entire $6,600 was debited to prepaid insurance.
6. $560 of supplies remained on hand at December 31, 2021.
7. A customer paid Pastina $2,300 in December for 900 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.
8. On December 1, 2021, $1,200 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $600 per month. The entire amount was debited to prepaid rent.

3. Prepare an adjusted trial balance. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)

Adjusted Trial Balance
Debit Credit