Produce a Pareto diagram that shows total spending in a descending order and at the same time the cumulative percentage curve.
Based on the above, can you estimate which part of visitors accounts for 75% of total revenues in the island.

The data used are:

Abigail Henderson has ​$ budgeted for spending money on an upcoming trip to Country A and Country B. Country​ A's currency is trading at ​$ per currency​ A, and Country​ B's currency is trading at ​$ per currency B. She plans to spend more time in Country​ A, so she wants to have times as much of currency A as currency B. Set up and solve a system of equations to model this​ problem, and explain what the answer means in practical terms.

Complete the equation that represents the total cost of purchasing currency. Let x be the number of currency A and y the number of currency B. nothing

Because of the COVID-19 pandemic recession the unemployment rate spiked to more than 15% (the highest level since the Great Depression of the 1930s) and has slowly declined to a 7.9% in September. In response, the Federal Reserve has taken increased the money supply by more than 40% between February and September. This effort was made to prevent a financial crisis and lower interest rates.

The inflation rate fell from 2.3% before the recession to 1.4% in September. Given the information in the paragraph above, was this decline in inflation better predicted by monetarist economic theory or Keynesian economic theory? Please write your answer in the text box below. Please DO NOT write out an explanation, just your answer to the question.

24.  The Trump administration has increased tariffs (taxes on imports) on imports from China.  Most of the tariffs are in so-called intermediate goods, used to produce goods and service in the United States. This will raise the  cost of producing U.S. goods that are made with Chinese parts and cause:

Group of answer choices

A aggregate demand to decrease.

B aggregate demand to increase.

C aggregate supply to increase.

D aggregate supply to decrease.

Strauss Corporation uses normal costing in connection with its job costing system. Beginning and ending balances for the month of December are as follows:

       Account             Beginning Balance - December 1st              Ending Balance - December 31st
       Direct Materials                         $ 1,200                                                             $ 7,600
       Work in Process                        $ 5,800                                                             $ 8,100
       Finished Goods                         $ 3,500                                                             $ 18,500

The following additional information is available:
a. Accounts payable account shows a credit for the month in the amount of $65,400.
b. Cost of goods manufactured for the period was $225,000.
c. The Overhead Control account shows a debit balance of $100,000 before adjustment.
d. The company uses normal costing and applies overhead at the rate of 120% of direct-labor cost.

1) Compute the total amount of materials requisitioned into production for the period.

2) Conversion costs for the period totaled:

3) Applied overhead for the period was:

4) Normal cost of goods sold for the period is:

5) Actual overhead incurred during the period was:

6) Indicate the mis-applied overhead for period, including BOTH the amount and direction.

7) Using the most theoretically correct manner based on the information given, the journal entry to dispose of under or overapplied overhead would be:

Show all work.

Serial Problem Business Solutions (Indirect) LO P1, P2, P3

Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data.
  

  
Required:
Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2018. Owner Santana Rey contributed $32,000 to the business in exchange for additional stock in the first quarter of 2018 and has received $4,300 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)
  

Tennis Shop Ltd (the “Shop”), a GST registered company, has a 30 June year-end. Stock takes are performed at the end of each quarter, i.e., 30 June is the end of the second quarter. Included in the general ledger are accounts for Cash, Accounts Receivable, Inventory, Accounts Payable, GST Clearing, Discounts Lost, Cost of Goods Sold, Sales, Sales Discounts, Sales Returns and Allowances. All suppliers are GST registered, as well.

The Shop has been operating under the gross purchases method applied in a perpetual inventory system. Management is interested in comparing the gross purchases method to the net purchases method and has employed you as a consultant to help with this.

The following transactions occurred during July 2018. On 1 July, there was a balance of $2,100 in Accounts Payable relating to a June inventory purchase. If the net purchases method had been used, the balance would have been $2,058.

Required:

a) Journalise, in the table provided below, the following July transactions, assuming the perpetual inventory system. First, do so under the gross purchases method, then do so under the net purchases method. If necessary, round to two decimal places. You may assume that the sale of 12 July was the only sale for the month.

Date   Transaction details:
(i)   2/7   Paid the Accounts Payable within the discount period.

(ii)   7/7    Purchased tennis racquets on account from Racquets Ltd $2,040, not including GST, terms 2/10, n/30.
      
(iii)   9/7   The Shop returned some racquets to Racquets Ltd and received credit for $230, including GST.
      
(iv) 12/7   Sold racquets on account $1,242, terms 2/10, n/30, including GST, to Sterling Sports. The inventory sold had a cost of $756, net of GST, under both methods, i.e., the discount had been taken.
      
(v)  16/7   Paid Racquets Ltd the amount due and took the discount.
      
(vi)  18/7   Sterling Sports returned some racquets and received a credit of $92, including GST. The Balls, which had cost the Shop $58, net of GST under both methods, would be re-sold.
      
(vii)  22/7   Sterling Sports paid the balance due within the discount period.

b) Revisit the transaction described in (v) above. Suppose the Shop paid Racquets Ltd after the discount period had expired. Prepare the Shop’s journal entries under both the gross and net purchases methods.

c)    Why might the Shop prefer the net purchases method over the gross purchases method?

You are the manager in charge of the audit of Marfo Ltd, a company which manufacture biscuit and confectionery. You wish to employ a junior manager of staff to audit the trade creditors, accruals and provision as shown in the balance sheet at the year end and are in the process of preparing audit programme which clearly explain the purpose and the extent of the work at each stage of the audit.

The draft figures for ‘creditors: amount falling due within one year’ as of 31^st December 2018 (with 2017 comparative figures) are as follows

                                                          31^st December 2018                       2017

                                                               GH₡ GH₡

         Trade creditors                           261,521                                      177,625

         Sundry Accruals                          21,162                                        18,177

        Provisions: Legal actions 40,000                                           -

                            Factory Repairs         72,000                                        62,000

394,683                                      257,802      

Note 1.       Legal action provision relates to a legal action brought by a competitor who claims

                   Their manufacturing process has been copied.

Note 2.     Factory repairs provision was first set up in 2017 and relates to the sum required to be

                Spent on urgent repairs to the factory foundation and structural steelwork

                (GH₡58,500 was spent during the tear ending 31^st December 2017)

Required:         

For Marfo Ltd, set out (with an explanation of the purpose of each stage outline programme for the audit of:

          a,       Trade creditors

b.          Sundry accruals

   c.          Provisions

James Kelvin just completed an Engineering Management degree program, main reason is to enhance his investment capability. Now, he wants to take advantage of the falling prices of crude oil to invest in the oil business, with an anticipation that the prices will rise again. He has been offered an oil well with a proven reserve of 1800000 barrels. From his feasibility study, he will be able to produce 80,000 barrels of oil during the first year of operations. He believes that as the production capacity increases, he will increase the oil production by 10% annually, starting from the second year. A financial institution has offered to finance this investment at 9% interest rate compounded annually. From historical data, the price of oil is expected to remain steady at $30 per barrel over the next three years and start to increase thereafter at the rate of 8% annually for the next 5 years. When the price is peaked at the end of the 8th year, it stays steady for the next 4 years. He hopes to sell the oil well at the end of 10 years of operations for $5,000,000. What is maximum price (to break even) that James should buy the oil well now? (in order words, in other words, what will be the present worth of this investment).

A rocket is fired straight upward, starting from rest with an acceleration of

25.0 m/s2. It runs out of fuel at the end of 4.00 s and continues to coast

upward, reaching a maximum height before falling back to Earth. (a) Find the

rocket’s height when it runs out of fuel; (b) find the rocket’s velocity when it

runs out of fuel; (c) find the maximum height the rocket reaches; (d) find the

rocket’s velocity the instant before the rocket crashes into the ground; and

(e) find the total elapsed time from launch to ground impact.