Alexa owns a condominium near Cocoa Beach in Florida. This year,
she incurs the following expenses in connection with her
condo:
| Insurance | $ | 3,350 |
| Mortgage interest | 6,650 | |
| Property taxes | 2,800 | |
| Repairs & maintenance | 860 | |
| Utilities | 2,600 | |
| Depreciation | 23,800 | |
During the year, Alexa rented out the condo for 134 days. Alexa’s
AGI from all sources other than the rental property is $200,000.
Unless otherwise specified, Alexa has no sources of passive income.
Assume there are 365 days in the year.
Assume that in addition to renting the condo for 134 days, Alexa uses the condo for 8 days of personal use. Also assume that Alexa receives $49,750 of gross rental receipts. Answer the following questions: (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
a. What is the total amount of for AGI deductions relating to the condo that Alexa may deduct in the current year? Assume she uses the IRS method of allocating expenses between rental and personal days. (Amounts to be deducted should be indicated with a minus sign.)
Alexa owns a condominium near Cocoa Beach in Florida. This year,
she incurs the following expenses in connection with her
condo:
| Insurance | $ | 3,350 |
| Mortgage interest | 6,650 | |
| Property taxes | 2,800 | |
| Repairs & maintenance | 860 | |
| Utilities | 2,600 | |
| Depreciation | 23,800 | |
During the year, Alexa rented out the condo for 134 days. Alexa’s
AGI from all sources other than the rental property is $200,000.
Unless otherwise specified, Alexa has no sources of passive income.
Assume there are 365 days in the year.
Assume that in addition to renting the condo for 134 days, Alexa uses the condo for 8 days of personal use. Also assume that Alexa receives $49,750 of gross rental receipts. Answer the following questions: (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
a. What is the total amount of for AGI deductions relating to the condo that Alexa may deduct in the current year? Assume she uses the IRS method of allocating expenses between rental and personal days. (Amounts to be deducted should be indicated with a minus sign.)
In: Accounting
Groups of dolphins were systematically observed off the coast of Iceland near Keflavik in 1998. Each observation included the main activity of a dolphin group (Activity) and the time of day the group was observed (Time). The groups varied in size, with feeding or socialising groups usually including more dolphins than travelling groups, but no information about group size was included with the data. The observations are summarised in the following table: No. of groups, summarised by activity and time. Time Morning Noon or Afternoon Evening Activity Travelling 6 20 13 Feeding 28 4 56 Socialising 38 14 10
(a) In looking for an association between Activity and Time, which variable would be the predictor and which the response? Justify your answer.
(Is this correct),My answer is-
(Activity) and the response variable the time of day the group was
observed (Time). The Activity of the dolphins decides what time of day
it is.
(b) How strong is the evidence that dolphin activity typically varies during the day? Test at a 1% significance level.If you conclude that there is a relationship, describe it.
Does this look like I am on the right path?
(My answer)
H1: There is some association.
Significance Level: α= 0.01
The test requires for the sample to be randomly selected and all the
expected observations to be ≥5.
(My question)-It says the dolphins are systematically observed(does that mean it is not a random sample?)
In: Math
Thirty small communities in Connecticut (population near 10,000 each) gave an average of x = 138.5 reported cases of larceny per year. Assume that σ is known to be 44.5 cases per year. (a) Find a 90% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.)
| lower limit | |
| upper limit | |
| margin of error |
(b) Find a 95% confidence interval for the population mean annual
number of reported larceny cases in such communities. What is the
margin of error? (Round your answers to one decimal place.)
| lower limit | |
| upper limit | |
| margin of error |
(c) Find a 99% confidence interval for the population mean annual
number of reported larceny cases in such communities. What is the
margin of error? (Round your answers to one decimal place.)
| lower limit | |
| upper limit | |
| margin of error |
(d) Compare the margins of error for parts (a) through (c). As the
confidence levels increase, do the margins of error increase?
As the confidence level increases, the margin of error decreases. As the confidence level increases, the margin of error increases. As the confidence level increases, the margin of error remains the same.
(e) Compare the lengths of the confidence intervals for parts (a)
through (c). As the confidence levels increase, do the confidence
intervals increase in length?
As the confidence level increases, the confidence interval remains the same length. As the confidence level increases, the confidence interval decreases in length. As the confidence level increases, the confidence interval increases in length.
In: Math
Question 1) WA cement Limited manufactures cement mix for large construction companies. It has thee overhead costs to allocate. These are rent ($300,000), electricity ($200,000) and insurance (100,000) costs. These costs need to be allocated to four departments- quality control, maintenance, fabrications and mixing. The first two department has service departments. Rent costs are to be allocated on the basis of floor space occupied, while electricity costs are allocated the basis of machine hours. Finally, insurance costs are allocated on the basis of machine hours.
The quality control department allocated overheads on the other departments based on the number of inspection. The maintenance department allocates overheads to other departments based on machine hours. The fabrications department cost driver for product cost allocation is direct labour hours, and management expects fabrications to be 7000 direct labour hours. The mixing department’s driver for product cost allocations is machine hours.
|
Cost type |
Quality Control |
Maintenance |
Fabrications |
Mixing |
|
Number of inspections |
6 |
8 |
5 |
- |
|
Floor Space (sq. m) |
900 |
550 |
900 |
3000 |
|
Machine Hours |
300 |
400 |
1000 |
1300 |
In: Accounting
Keller Construction is considering two new investments. Project E calls for the purchase of earth-moving equipment. Project H represents the investment in a hydraulic lift. Keller wishes to use a NPV profile in comparing the projects. The investment and cash flow patterns are as follows: Use Appendix B.
Project E ($20,000 investment) Project H ($20,000 investment)
Year Cash Flow Year Cash Flow
1 $5,000 1 $16,000
2 6,000 2 5,000
3 7,000 3 4,000
4 10,000
a. Determine the NPV of the projects based on a zero discount rate.
NPV
Project E $
Project H $
b. Determine the NPV of the projects based on a 9 percent discount rate. (Round "PV Factors" to 3 decimal places. Round the final answers to the nearest whole dollar.)
NPV
Project E $
Project H $
c. If the two projects are not mutually exclusive, what would your acceptance or rejection decision be if the cost of capital (discount rate) is 10 percent? (Use the NPV profile for your decision; no actual numbers are necessary.)
Project E
Project H
Both H and E
e. If the two projects are mutually exclusive (the selection of one precludes the selection of the other), what would be your decision if the cost of capital is (1) 6 percent, (2) 13 percent, (3) 18 percent? Use the NPV profile for your answer.
6% cost of capital (Click to select)
13% cost of capital (Click to select)
18% cost of capital (Click to select)
In: Finance
An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume.
In the Microsoft Excel Online file below you will find a sample of production volumes and total cost data for a manufacturing operation. Conduct a regression analysis to explore the relationship between total cost and production volume and then answer the questions that follow.
Open spreadsheet
Compute b1 and b0 (to 1 decimal).
b1
b0
Complete the estimated regression equation (to 1 decimal).
= + x
According to this model, what is the change in cost (in dollars) for every unit produced (to 1 decimal)?
Compute the coefficient of determination (to 3 decimals). Note: report r2 between 0 and 1.
r2 =
What percentage of the variation in total cost can be explained by the production volume (to 1 decimal)?
%
The company's production schedule shows 500 units must be produced next month. What is the estimated total cost for this operation (to the nearest whole number)?
$
| Production Volume (units) | Total Cost ($) |
| 400 | 5000 |
| 450 | 6000 |
| 550 | 6400 |
| 600 | 6900 |
| 700 | 7400 |
| 750 | 8000 |
| Production Target | Est. Cost ($) |
| 500 |
In: Statistics and Probability
An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume.
In the Microsoft Excel Online file below you will find a sample of production volumes and total cost data for a manufacturing operation. Conduct a regression analysis to explore the relationship between total cost and production volume and then answer the questions that follow.
Open spreadsheet
Compute b1 and b0 (to 1 decimal).
b1
b0
Complete the estimated regression equation (to 1 decimal).
= + x
According to this model, what is the change in cost (in dollars) for every unit produced (to 1 decimal)?
Compute the coefficient of determination (to 3 decimals). Note: report r2 between 0 and 1.
r2 =
What percentage of the variation in total cost can be explained by the production volume (to 1 decimal)?
%
The company's production schedule shows 500 units must be produced next month. What is the estimated total cost for this operation (to the nearest whole number
| Production Volume (units) | Total Cost ($) |
| 400 | 5000 |
| 450 | 6000 |
| 550 | 6400 |
| 600 | 6900 |
| 700 | 7400 |
| 750 | 8000 |
| Production Target | Est. Cost ($) |
| 500 |
In: Statistics and Probability
An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume.
In the Microsoft Excel Online file below you will find a sample of production volumes and total cost data for a manufacturing operation. Conduct a regression analysis to explore the relationship between total cost and production volume and then answer the questions that follow.
| Production Volume (units) | Total Cost ($) |
| 400 | 5000 |
| 450 | 6000 |
| 550 | 6400 |
| 600 | 6900 |
| 700 | 7400 |
| 750 | 8000 |
| Production Target | Est. Cost ($) |
| 500 |
Compute b1 and b0 (to 1 decimal).
b1
b0
Complete the estimated regression equation (to 1 decimal).
= + x
According to this model, what is the change in cost (in dollars) for every unit produced (to 1 decimal)?
Compute the coefficient of determination (to 3 decimals). Note: report r2 between 0 and 1.
r2 =
What percentage of the variation in total cost can be explained by the production volume (to 1 decimal)?
%
The company's production schedule shows 500 units must be produced next month. What is the estimated total cost for this operation (to the nearest whole number)?
$
In: Statistics and Probability
An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume.
In the Microsoft Excel Online file below you will find a sample of production volumes and total cost data for a manufacturing operation. Conduct a regression analysis to explore the relationship between total cost and production volume and then answer the questions that follow.
| Production Volume (units) | Total Cost ($) |
| 400 | 4500 |
| 450 | 5500 |
| 550 | 5900 |
| 600 | 6400 |
| 700 | 6900 |
| 750 | 7500 |
| Production Target | Est. Cost ($) |
| 500 |
Compute b1 and b0 (to 1 decimal).
b1
b0
Complete the estimated regression equation (to 1 decimal).
= + x
According to this model, what is the change in cost (in dollars) for every unit produced (to 1 decimal)?
Compute the coefficient of determination (to 3 decimals). Note: report r2 between 0 and 1.
r2 =
What percentage of the variation in total cost can be explained by the production volume (to 1 decimal)?
%
The company's production schedule shows 500 units must be produced next month. What is the estimated total cost for this operation (to the nearest whole number)?
$
In: Economics
PART 4 is the only part i need PLEASE
PB6-3 Recording Sales and Purchases with Discounts and Returns and Analyzing Gross Profit Percentage [LO 6-4, LO 6-5]
[The following information applies to the questions displayed below.]
|
Larry’s Building Supplies (LBS) is a local hardware store. LBS uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: |
| a. | Sold merchandise for cash (cost of merchandise $321,350). | $ | 680,000 | |
| b. |
Received merchandise returned by customers as unsatisfactory
(but in perfect condition) |
6,600 | ||
| c. | Sold merchandise (costing $8,760) to a customer on account with terms 2/10, n/30. | 14,600 | ||
| d. | Collected half of the balance owed by the customer in (c) within the discount period. | 7,154 | ||
| e. | Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid. | 2,150 | ||
References
Section BreakPB6-3 Recording Sales and Purchases with Discounts and Returns and Analyzing Gross Profit Percentage [LO 6-4, LO 6-5]
1.
value:
2.50 points
Required information
PB6-3 Part 1
| Required: | |
| 1. | Compute Sales Revenue, Net Sales, and Gross Profit for LBS. |
References
eBook & Resources
WorksheetDifficulty: 2 MediumLearning Objective: 06-05 Prepare and analyze a merchandiser's multistep income statement.
PB6-3 Part 1Learning Objective: 06-04 Analyze sales transactions under a perpetual inventory system.
Check my work
2.
value:
2.50 points
Required information
PB6-3 Part 2
| 2. | Compute the gross profit percentage. (Round your answer to 1 decimal place.) |
References
eBook & Resources
WorksheetDifficulty: 2 MediumLearning Objective: 06-05 Prepare and analyze a merchandiser's multistep income statement.
PB6-3 Part 2Learning Objective: 06-04 Analyze sales transactions under a perpetual inventory system.
Check my work
3.
value:
2.50 points
Required information
PB6-3 Part 3
| 3. |
Prepare journal entries to record transactions (a)–(e). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) |
References
eBook & Resources
General JournalDifficulty: 2 MediumLearning Objective: 06-05 Prepare and analyze a merchandiser's multistep income statement.
PB6-3 Part 3Learning Objective: 06-04 Analyze sales transactions under a perpetual inventory system.
Check my work
4.
value:
2.50 points
Required information
PB6-3 Part 4
| 4. |
LBS is considering a contract to sell building supplies to a local home builder for $32,000. These materials will cost LBS $23,200. What would be the increase (or decrease) gross profit and gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.) |
References
eBook & Resources
Multiple ChoiceDifficulty: 2 MediumLearning Objective: 06-05 Prepare and analyze a merchandiser's multistep income statement.
PB6-3 Part 4Learning Objective: 06-04 Analyze sales transactions under a perpetual inventory system.
Check my work
In: Accounting