Accurate Reports has 70 employees each working 40 hours per week and earning $25 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% of the first $118,500 earned per employee and 1.45% thereafter. Unemployment taxes are 6.20% of the first $7,000 earned per employee.  

1. Compute the total salaries expense, the total withholdings from employee salaries, and the actual payroll payment (salaries payable) for the first week of January. (Round your intermediate and final answers to the nearest dollar amount.)

2. Compute the total payroll tax expense Accurate Reports will pay for the first week of January. (Round your intermediate and final answers to the nearest dollar amount.)

1. Prepare a balance sheet and income statement as a result of the following transactions:

1. Deposit $3000 in a bank account
2. Rent a van at a cost of $400
3. Purchase a power sweeper for $900
4. Order 2000 circulars and paid the printer $120
5. Purchase $300 worth of cleaning supplies
6. Bought equipment worth $900; paid $200 now and will pay the balance later.
7. Earned $350 for washing windows
8. Received $900 in fees for work performed
1. Purchased supplies for $80, with cash
10. Hired a helper and paid him $240
11. Earned $400 in fees for work; payment will be received later.
50. Owner withdrew $1000 from the business for personal use
1000. Received a phone bill for $20, and payment will be made later.
14. Paid the landlord $300
15. Received $2000 for work performed.

1. If the demand for a good becomes less elastic without any change in the equilibrium price or quantity sold, consumer surplus in that market most likely

2. Most of the marginal damage from US car travel in metropolitan areas is from

3. Most of the marginal damage from US semi truck travel (total travel) is from

How can individual, group, and social efforts be combined to implement community behavioral change? Identify challenges which may result from your suggestions. Review three peers' postings and provide possible solutions for the challenges that may arise.

Women have head circumferences that are normally distributed with a mean given by mu equals 21.21 in​., and a standard deviation given by sigma equals 0.6 in. Complete parts a through c below. a. If a hat company produces​ women's hats so that they fit head circumferences between 20.4 in. and 21.4 ​in., what is the probability that a randomly selected woman will be able to fit into one of these​ hats? The probability is nothing. ​(Round to four decimal places as​ needed.) b. If the company wants to produce hats to fit all women except for those with the smallest 3.75​% and the largest 3.75​% head​ circumferences, what head circumferences should be​ accommodated? The minimum head circumference accommodated should be nothing in. The maximum head circumference accommodated should be nothing in. ​(Round to two decimal places as​ needed.) c. If 16 women are randomly​ selected, what is the probability that their mean head circumference is between 20.4 in. and 21.4 ​in.? If this probability is​ high, does it suggest that an order of 16 hats will very likely fit each of 16 randomly selected​ women? Why or why​ not? (Assume that the hat company produces​ women's hats so that they fit head circumferences between 20.4 in. and 21.4 ​in.) The probability is nothing. ​(Round to four decimal places as​ needed.) If this probability is​ high, does it suggest that an order of 16 hats will very likely fit each of 16 randomly selected​ women? Why or why​ not? A. ​Yes, the order of 16 hats will very likely fit each of 16 randomly selected women because both 20.4 in. and 21.4 in. lie inside the range found in part​ (b). B. ​Yes, the probability that an order of 16 hats will very likely fit each of 16 randomly selected women is 0.8980. C. ​No, the hats must fit individual​ women, not the mean from 16 women. If all hats are made to fit head circumferences between 20.4 in. and 21.4 ​in., the hats​ won't fit about half of those women. D. ​No, the hats must fit individual​ women, not the mean from 16 women. If all hats are made to fit head circumferences between 20.4 in. and 21.4 ​in., the hats​ won't fit about 10.20​% of those women.

Women have head circumferences that are normally distributed with a mean given by mu equals 22.16 in​., and a standard deviation given by sigma equals 0.8 in. Complete parts a through c below.

a. If a hat company produces​ women's hats so that they fit head circumferences between 21.3 in. and 22.3 ​in., what is the probability that a randomly selected woman will be able to fit into one of these​ hats? The probability is nothing. ​(Round to four decimal places as​ needed.)

b. If the company wants to produce hats to fit all women except for those with the smallest 1.25​% and the largest 1.25​% head​ circumferences, what head circumferences should be​ accommodated?

The minimum head circumference accommodated should be ____in.

The maximum head circumference accommodated should be ____in.

​(Round to two decimal places as​ needed.)

c. If 11 women are randomly​ selected, what is the probability that their mean head circumference is between 21.3 in. and 22.3 ​in.? If this probability is​ high, does it suggest that an order of 11 hats will very likely fit each of 11 randomly selected​ women? Why or why​ not? (Assume that the hat company produces​ women's hats so that they fit head circumferences between 21.3 in. and 22.3 ​in.) The probability is ____​(Round to four decimal places as​ needed.)

If this probability is​ high, does it suggest that an order of 11 hats will very likely fit each of 11 randomly selected​ women? Why or why​ not?

A.​No, the hats must fit individual​ women, not the mean from 11 women. If all hats are made to fit head circumferences between 21.3 in. and 22.3 ​in., the hats​ won't fit about half of those women.

B.​No, the hats must fit individual​ women, not the mean from 11 women. If all hats are made to fit head circumferences between 21.3 in. and 22.3 ​in., the hats​ won't fit about 28.12​% of those women.

C.​Yes, the order of 11 hats will very likely fit each of 11 randomly selected women because both 21.3 in. and 22.3 in. lie inside the range found in part​ (b).

D.​Yes, the probability that an order of 11 hats will very likely fit each of 11 randomly selected women is 0.7188.

Women have head circumferences that are normally distributed with a mean given by mu equals 22.16 in​., and a standard deviation given by sigma equals 0.8 in. Complete parts a through c below.

a. If a hat company produces​ women's hats so that they fit head circumferences between 21.3 in. and 22.3 ​in., what is the probability that a randomly selected woman will be able to fit into one of these​ hats? The probability is nothing. ​(Round to four decimal places as​ needed.)

b. If the company wants to produce hats to fit all women except for those with the smallest 1.25​% and the largest 1.25​% head​ circumferences, what head circumferences should be​ accommodated?

The minimum head circumference accommodated should be ____in.

The maximum head circumference accommodated should be ____in.

​(Round to two decimal places as​ needed.)

c. If 11 women are randomly​ selected, what is the probability that their mean head circumference is between 21.3 in. and 22.3 ​in.? If this probability is​ high, does it suggest that an order of 11 hats will very likely fit each of 11 randomly selected​ women? Why or why​ not? (Assume that the hat company produces​ women's hats so that they fit head circumferences between 21.3 in. and 22.3 ​in.) The probability is ____​(Round to four decimal places as​ needed.)

If this probability is​ high, does it suggest that an order of 11 hats will very likely fit each of 11 randomly selected​ women? Why or why​ not?

A.​No, the hats must fit individual​ women, not the mean from 11 women. If all hats are made to fit head circumferences between 21.3 in. and 22.3 ​in., the hats​ won't fit about half of those women.

B.​No, the hats must fit individual​ women, not the mean from 11 women. If all hats are made to fit head circumferences between 21.3 in. and 22.3 ​in., the hats​ won't fit about 28.12​% of those women.

C.​Yes, the order of 11 hats will very likely fit each of 11 randomly selected women because both 21.3 in. and 22.3 in. lie inside the range found in part​ (b).

D.​Yes, the probability that an order of 11 hats will very likely fit each of 11 randomly selected women is 0.7188.

Question 5                                                                                                                                                         

On 3 June 2019 Canberra Ltd an Australian based company acquired goods on credit from a supplier in the USA. The goods are shipped free on board (FOB) from Chicago on 3 June 2019. The cost of the goods is USD 500,000 and the debt remains unpaid as at 30 June 2019.

On 3 June 2019, the exchange rate is A$1.00 = USD 0.75.

On 30 June 2019 the exchange rate is A$1.00 = USD 0.95.

Hence, the value of the Australian dollar has increased relative to the US Dollar. Canberra Ltd’s reporting date is 30 June.

Required

1. Provide the accounting entries necessary to account for the purchase   transaction, noted above, for the year ending 30 June 2019.                                                                                                                             
2. When initially recognising a transaction that is denominated in a foreign currency, what exchange rate should be used to translate the transaction to Australian Dollars?                                                           

create a mock company , your company must be a merchandiser. But, otherwise can be of any type or form.  

1. Take a minute and think of a merchandiser company you’d like to open.  

2. First, tell us what type of business you are opening. (You may use a previous example or a new one)

3. Which of the two types of inventory systems do you think your business would use and why? (Periodic or Perpetual)

4. Pretend you are making a large sale to a customer on credit. Post a description or a visual of a draft sales invoice for this customer. Make sure your sales invoice includes the following items:  

Your company information

Date of sale

Your customer’s information

An example product you sell with name, description, price per unit, and number of units sold

Terms of sale including credit terms and shipping charges, with numerical figures for shipping charges

Any contract language necessary to further establish the terms of sale (for example, warranties, limitations on shipping, and returns)

5. How would you maintain controls over the inventory for your company? What measures would you take either from a physical assets standpoint or accounting principle standpoint?

A company produces refrigerator motors. These engines have a life expectancy of 19.4 years with a standard deviation of 4.8 years. Assume that the service life of the motors is normally distributed.

a) Calculate the probability of an engine operating for less than 12 years.
Calculate the probability of an engine operating for more than 25 years.
Calculate the probability that the life of an engine is between 10 and 20 years.

In order to promote the sale of their engines, the company wants to issue a guarantee on the engines which means that the customer can replace the engine free of charge if it breaks before a certain time.

b) How many years of warranty can the company expire if they do not want to replace more than 2.5% of the engines? (That is, the warranty period should be such that the probability that an engine's service life is less than the warranty period is 0.025)
The company has a profit of NOK 1200 on a motor that does not fail before the warranty period, while it has a loss of NOK 4500 (ie a profit of -4500 kroner) on a motor that fails before the warranty period. If the company uses the warranty period calculated, what is the expected profit from the sale of an engine?
Briefly explain what this expected profit in practice tells us.