Questions
Based on the following transactions, calculate the revenues, expenses, and net income that would be reported...

Based on the following transactions, calculate the revenues, expenses, and net income that would be reported on (a) the cash basis and (b) the accrual basis:

  • i. Inventory costing $70,000 was purchased on account.
  • ii. Inventory costing $60,000 was sold for $100,000. Eighty percent of the sales were for cash.
  • iii. Cash collected from credit customers (those who bought on account) totalled $20,000.
  • iv. A lease was signed at the beginning of the year, requiring monthly payments of $1,000. The rent for the first month was paid when the lease was signed. After that, the $1,000 rent was paid on the last day of each month, to cover the following month.
  • v. Supplies costing $5,500 were purchased for cash. At the end of the year, $500 of the supplies were still unused.
  • vi. Wages of $37,500 were paid during the year. Also, wages of $500 remained unpaid at year end.

2. The company declared dividends of $7,000 on December 15, 2020, to be paid on January 15, 2021. Does this transaction affect Cash in 2020? How should it be recorded?

In: Accounting

1. Suppose that the random variable X is normally distributed with mean μ = 30 and...

1. Suppose that the random variable X is normally distributed with mean μ = 30 and standard deviation σ = 4. Find a) P(x < 40) b) P(x > 21) c) P(30 < x < 35) 2. A radar unit is used to measure speeds of cars on a motorway. The speeds are normally distributed with a mean of 90 km/hr and a standard deviation of 10 km/hr. What is the probability that a car picked at random is travelling at more than 100 km/hr? 3. For a certain type of computers, the length of time between charges of the battery is normally distributed with a mean of 50 hours and a standard deviation of 15 hours. Find the probability that the length of time will be between 50 and 70 hours. 4. Entry to a certain University is determined by a national test. The scores on this test are normally distributed with a mean of 500 and a standard deviation of 100. Tom wants to be admitted to this university and he knows that he must score better than at least 70% of the students who took the test. Tom takes the test and scores 585. Will he be admitted to this university? 5. The annual salaries of employees in a large company are approximately normally distributed with a mean of $50,000 and a standard deviation of $20,000. a) What percent of people earn less than $40,000? b) What percent of people earn between $45,000 and $65,000? c) What percent of people earn more than $70,000?

In: Statistics and Probability

What is red tide? Walsh and Carder of University of South Florida attribute red tide to...

What is red tide? Walsh and Carder of University of South Florida attribute red tide to dust from Saharan desert storms. They observe that during red tide, a bacterium called Trichodesmium converts nitrogen in the water to a form that algae can use. Link these observations with what you have learned in class.

In: Biology

1)What is Balance scorecard (BSC)? 2)Any differences of BSC from one university to another? Discuss why...

1)What is Balance scorecard (BSC)?

2)Any differences of BSC from one university to another? Discuss why or why not.

3)If our vice-chancellor wants to improve the university’s goal and performance, what are the characteristics that he has to take to achieve the goals (base on BSC). Give specific examples.

In: Accounting

You are an intern in the Cybersecurity Operations Office for the new National Youth Social Media...

You are an intern in the Cybersecurity Operations Office for the new National Youth Social Media Administration. You just graduated from the Webster University Cybersecurity Program and you want to impress your supervisors in order to have a greater opportunity for a promotion. Discuss your proposal for a Cybersecurity strategy for this new national office.

In: Computer Science

Well-Developed explanation: Marketing Plan for Hasbro Company to advertise their GI Joe Line. 1. Summarize a...

Well-Developed explanation: Marketing Plan for Hasbro Company to advertise their GI Joe Line.

1. Summarize a whole plan on Advertising GI Joe Toy Line.

2. Introduction of GI Joe Toy Line with a vision and goal presented to Hasbro Company.

3. Summarize Marketing Mix: ( Product, place, pomotion and price ) the 4 P's.

Company Info : https://corporate.hasbro.com/en-us/community-relations

In: Economics

The operating cycle for: Amazon = 85 days Walmart = 60 days           The cash cycle for:...

The operating cycle for:

Amazon = 85 days

Walmart = 60 days          

The cash cycle for:

Amazon =95 days

Walmart =15 days

Q1/ What does the operating and cash cycle tell us about each company? Which company is doing better with their working capital management?

Q2/ What recommendations would you make to the other company(s) to improve its working capital management?

In: Finance

Scenario: You have been hired as an IT consultant by an entrepreneur starting a small advertising...

Scenario: You have been hired as an IT consultant by an entrepreneur starting a small advertising company called MilleniAds. As a start-up, your client’s company is relatively small and has a limited budget. There are only 10 employees, including a few creative directors, graphic designers, sales staff, a financial accountant, and an office administrator, with the entrepreneur acting as CEO. The current IT budget cannot exceed $25,000 and ideally should come in as far under that number as possible. MilleniAds will produce customized sales flyers, brochures, and other branded items, such as letterhead and business cards, that apply a youthful, fresh perspective targeting millennial demographics. Therefore, the company needs the ability to store and manipulate digital images and to produce physical copies of their products for their clients. The CEO wants to keep track of inventory, sales, and expenses digitally, but she does not anticipate having very complex records for the first year. She projects having only a dozen or so accounts but hopes to scale up in the coming years. It would be ideal to have a simple and user-friendly system for sharing information and files between employees. Many of the employees are millennials themselves who have indicated that their current desktop PCs are limiting their capabilities and that they prefer using their phones and other mobile devices for their professional and personal responsibilities. Two of the 10 employees will operate primarily outside of the office, soliciting business from regional firms, and they will need to access company information while on the road, in their home offices, and at customer sites. Beyond the specific information given above, you have the ability to fill in the gaps with assumptions or additional details that will make your final project unique and meaningful to you. If you have any questions, reach out to your instructor for guidance.

II. Hardware Components A. Examine the business’s issues to determine specific hardware requirements. Based on these issues, what are the major categories and components of hardware that should be considered? Identify each of the applicable requirements (hard drive storage, video cards, etc.), being sure to cite specific examples wherever appropriate. B. Then, compare and contrast the various options for meeting the requirements. Be sure to cite specific evidence from the component specification fact sheets to support your evaluation. What are their functional strengths and weaknesses? How do they compare in terms of cost and maintainability? C. Compose a final list detailing all of your specific hardware recommendations for your client. Be sure to logically justify your proposal as the best possible choice for meeting the business requirements.

In: Computer Science

Researchers are comparing the proportion of University Park students who are Pennsylvania residents to the proportion...

Researchers are comparing the proportion of University Park students who are Pennsylvania residents to the proportion of World Campus students who are Pennsylvania residents. Data from a sample are presented in the contingency table below.

Primary Campus

Total

University Park

World Campus

Pennsylvania Resident

Yes

115

70

185

No

86

104

190

Total

201

174

375

  1. Construct a 95% confidence interval to estimate the difference between the proportion of all University Park students who are Pennsylvania residents and the proportion of all World Campus students who are Pennsylvania residents. If assumptions are met, use the normal approximation method. Show how you checked assumptions. You should not need to do any hand calculations. Use Minitab Express to construct the confidence interval. Remember to copy+paste all relevant Minitab Express output and always clearly identify your final answer. [15 points]
  2. B. Interpret the confidence interval that you computed in part A by completing the following sentence. [5 points]
  3. C. Use the five-step hypothesis testing procedure given below to determine if there is evidence of a difference between the proportion of University Park students who are Pennsylvania residents and the proportion of World Campus students who are Pennsylvania residents. If assumptions are met, use the normal approximation method. Use Minitab Express. You should not need to do any hand calculations. Remember to copy+paste all relevant Minitab Express output. [30 points]

In: Statistics and Probability

Code needed in Java The purpose of the application is to generate some reports about the...

Code needed in Java
The purpose of the application is to generate some reports about the people of the university. So a user of the application should be able to view information about the people in the university and generate summaries. As in implementation these are separated into two major categories, employee and students, we will be implementing these classes.  


The system should have three classes: Person, Employee and Student.Employees and students are subclasses of persons and therefore, they inherit some fields and methods from the superclass Person. What Employee class has as an extra is a field called job which is a String value that indicates the position of the employee at the university. The possible values are ‘Faculty’ and ‘Staff’ and the rest of the input should be rejected. Another significant field is UIN (you may assume it to be an integer).Students also have a similar structure. A field called level, gives information regarding the student. Possible values are ‘Undergraduate’ and ‘Graduate’ and the rest of the input should be rejected. Also A number should be implemented (you may assume A number to be a string).  
Once you create these classes write your test class with main method.  


The output of such an application would look like:  

Person’s first name is Triss, last name is Merigold. She is 25 years old.
Person’s first name is Sigismund, last name is Dijkstra. He is 37 years old. His UIN is 793942 and serves the university as a staff.
Person’s first name is Keira, last name is Metz. She is 19 years old. Her A-number is A021318 and she is an undergraduate student

In: Computer Science