19. Determine the probability distribution's missing value. The probability that a person will see 0, 1, 2, 3, or 4 students Start 2 By 6 Table 1st Row 1st Column x 2nd Column 0 3rd Column 1 4st Column 2 5st Column 3 6st Column 4 2nd Row 1st Column Upper P left parenthesis x right parenthesis 2nd Column 0.41 3rd Column 0.21 4st Column 0.19 5st Column 0.04 6st Column question mark EndTable A. 0.85 B. 0.15 C. minus0.77 D. 0.38
In: Statistics and Probability
On January 2, 2019, Royal Class Air Conditioning and Heating sold and installed an HVAC system to Peak Co. for $2,750. The selling price is allocated as follows: (1) 90% for the HVAC unit and (2) 10% for an ongoing 4-year service contract for the HVAC unit.
a. Determine each of the following related to this sale:
1. Identify the contract between the company and the customer.
2. Identify the performance obligations of Royal Class.
3. Determine the transaction price.
4. Allocate the transaction price to the performance obligations.
b. What amount of revenue should Royal Class recognize for the year ended December 31, 2019?
In: Accounting
Question 2
By Economic Growth we mean that:
1 The quality of the goods and services offered in the country is increasing.
2 The GDP per capita is growing from year to year.
3 There are more goods and services offered in the country.
4 The GDP is growing each year.
Question 3
Innovation is the key to economic growth because...
[Multiple correct answers]:
1 It allows greater output from the same labor and capital.
2 Many people can benefit from it simultaneously.
3 It has no decreasing marginal return (or it decreases only in the long run relative to capital and labor).
4 It allows higher productivity.
In: Economics
IR Absortion
1.What are the 4 functional groups that always present
absorptions with easily recognizable shape, position and intensity?
(4) Explain.
2. What type of vibration requires more energy to produce, one of
stretching or one of bending
In: Chemistry
Question 1 (1 point)
Andrews Surgery Center purchases medical equipment for $200,000 on 1/1/20. Andrews initially estimates that the equipment will have a useful life of 5 years and a residual value of $20,000 and calculates depreciation expense using the straight-line method. On 1/1/22 (i.e., after two years), Andrews revises its estimate; the new total useful life is 4 years and the new residual value is $28,000. Andrews will record _____ in Depreciation Expense in 2023.
Question 1 options:
|
$40,000 |
|
|
$50,000 |
|
|
$43,000 |
|
|
$36,000 |
Question 2 (1 point)
If a company uses Double-Declining-Balance to calculate depreciation for tax purposes, they must also use Double-Declining-Balance to calculate depreciation for their financial statements.
Question 2 options:
|
True |
|
|
False |
Question 3 (1 point)
Goodwill is amortized straight-line over a useful life of 10 years.
Question 3 options:
|
True |
|
|
False |
Question 4 (1 point)
Research and development costs are always capitalized when they are incurred.
Question 4 options:
|
True |
|
|
False |
In: Accounting
You are the director of a company and you are considering updating all of your computers to new models. Using the old computers you have net cash flows of $78,274 per year and it is estimated that with the new computers net cash flows would grow to $104,104 per year. Updating all of the computers would initially cost $114,514. The estimated remaining life of the old computers is 1 year and the expected lifetime of the new computers is 4 years. The scrap value of the old computers is estimated to be $21,917 irrespective of whether they are scrapped today or in 1 year. The new computers have an estimated scrap value at the end of their life of $19,725.
Management is considering two different options:
The company's required rate of return is 18.0% pa. Assume that the cost of the computers, the cash flows that they generate and their scrap value remain constant over time.
a)What is the net present value of option 1? Give your answer in dollars to the nearest dollar.
NPV = $
b)What is the net present value of option 2? Give your answer in dollars to the nearest dollar.
NPV = $
c)Which option will you undertake?
| Option 1: | Use the old computers for 1 more year and then replace them with the new computers that will then be replaced every 4 years in perpetuity. | |
| Option 2: | Replace the old computers with the new computers now and replace them every 4 years in perpetuity. |
In: Finance
You are the director of a company and you are considering updating all of your computers to new models. Using the old computers you have net cash flows of $60,230 per year and it is estimated that with the new computers net cash flows would grow to $82,515 per year. Updating all of the computers would initially cost $66,012. The estimated remaining life of the old computers is 1 year and the expected lifetime of the new computers is 4 years. The scrap value of the old computers is estimated to be $12,648 irrespective of whether they are scrapped today or in 1 year. The new computers have an estimated scrap value at the end of their life of $11,383.
Management is considering two different options:
The company's required rate of return is 14.2% pa. Assume that the cost of the computers, the cash flows that they generate and their scrap value remain constant over time.
a)What is the net present value of option 1? Give your answer in dollars to the nearest dollar.
NPV = $
b)What is the net present value of option 2? Give your answer in dollars to the nearest dollar.
NPV = $
c)Which option will you undertake?
| Option 1: | Use the old computers for 1 more year and then replace them with the new computers that will then be replaced every 4 years in perpetuity. | |
| Option 2: | Replace the old computers with the new computers now and replace them every 4 years in perpetuity. |
In: Finance
Cuneo Company’s income statements for the last 3 years are as follows:
|
Cuneo Company |
|
Income Statements |
|
For the Years 1, 2, and 3 |
|
1 |
Year 1 |
Year 2 |
Year 3 |
|
|
2 |
Sales |
$1,000,000.00 |
$1,200,000.00 |
$1,700,000.00 |
|
3 |
Less: Cost of goods sold |
(700,000.00) |
(700,000.00) |
(1,000,000.00) |
|
4 |
Gross margin |
$300,000.00 |
$500,000.00 |
$700,000.00 |
|
5 |
Less operating expenses: |
|||
|
6 |
Selling expenses |
(150,000.00) |
(220,000.00) |
(250,000.00) |
|
7 |
Administrative expenses |
(50,000.00) |
(60,000.00) |
(120,000.00) |
|
8 |
Operating income |
$100,000.00 |
$220,000.00 |
$330,000.00 |
|
9 |
Less: |
|||
|
10 |
Interest expense |
(25,000.00) |
(25,000.00) |
(25,000.00) |
|
11 |
Income before taxes |
$75,000.00 |
$195,000.00 |
$305,000.00 |
| Required: | |
| 1. | Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) |
| 2. | Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) |
| 3. | Prepare a common-size income statement for Year 3 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) |
1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Enter all amounts as positive numbers. Round answers to the nearest tenth of a percent. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries.)
|
Cuneo Company |
|
Income Statement |
|
For Year 1 |
|
1 |
Year 1 |
Percent of Sales in Year 1 |
|
|
2 |
|||
|
3 |
|||
|
4 |
|||
|
5 |
|||
|
6 |
|||
|
7 |
|||
|
8 |
|||
|
9 |
|||
|
10 |
|||
|
11 |
2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Enter all amounts as positive numbers. Round answers to the nearest tenth of a percent. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries.)
|
Cuneo Company |
|
Income Statement |
|
For Year 2 |
|
1 |
Year 2 |
Percent of Sales in Year 2 |
|
|
2 |
|||
|
3 |
|||
|
4 |
|||
|
5 |
|||
|
6 |
|||
|
7 |
|||
|
8 |
|||
|
9 |
|||
|
10 |
|||
|
11 |
3. Prepare a common-size income statement for Year 3 by expressing each line item as a percentage of sales revenue. (Note: Enter all amounts as positive numbers. Round answers to the nearest tenth of a percent. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries.)
|
Cuneo Company |
|
Income Statement |
|
For Year 3 |
|
1 |
Year 3 |
Percent of Sales in Year 3 |
|
|
2 |
|||
|
3 |
|||
|
4 |
|||
|
5 |
|||
|
6 |
|||
|
7 |
|||
|
8 |
|||
|
9 |
|||
|
10 |
|||
|
11 |
In: Accounting
|
Nerve |
Muscle(s) innervated |
Joint |
Type of movement |
|
____________________ Plexus |
|||
|
Phrenic nerve |
Contraction causes inhalation |
||
|
____________________ Plexus |
|||
|
Axillary nerve |
Shoulder |
||
|
Shoulder |
Rotates humerus laterally |
||
|
Radial nerve* |
Elbow |
||
|
Elbow |
Synergist to forearm flexion |
||
|
1. 2. |
Wrist |
||
|
Median nerve |
1. 2. |
Wrist |
|
|
Interphalangeal |
|||
|
Elbow |
|||
|
Ulnar nerve |
Wrist |
||
|
____________________ Plexus |
|||
|
Femoral nerve |
1. 2. 3. 4. |
Knee |
|
|
Hip |
|||
|
Hip |
Flexes, abducts, & laterally rotates thigh |
||
|
Obturator nerve |
1. 2. 3. |
Hip |
|
|
____________________ Plexus |
|||
|
Sciatic nerve (Combination of Tibial & Fibular nerve)** |
Tibial: 1. 2. 3. Fibular: 1. |
Hip |
|
|
Knee |
|||
|
Pudendal nerve*** |
1. 2. |
Voluntary control of defecation and urination |
|
In: Anatomy and Physiology
Physics HW:
Calculate:
The Focus’ point should be to the right of the lens.
1)
Without the simulation, calculate the image position, height, and magnification for the following situation:
Focal length (f) = 4
Object distance (do) = –10
Object height (ho) = 2 boxes
Is the object real or virtual, is the image inverted or upright?
2)
Without the simulation, calculate the image position, height, and magnification for the following situation:
Focal length (f) = 4
Object distance (do) = –6
Object height (ho) = 2 boxes
Is the object real or virtual, is the image inverted or upright?
3)
Without the simulation, calculate the image position, height, and magnification for the following situation:
Focal length (f) = 4
Object distance (do) = –4
Object height (ho) = 2 boxes
Is the object real or virtual, is the image inverted or upright?
4)
Without the simulation, calculate the image position, height, and magnification for the following situation:
Focal length (f) = 4
Object distance (do) = –2
Object height (ho) = 2 boxes
Is the object real or virtual, is the image inverted or upright?
In: Physics