Assume a normal distribution and find the following probabilities.

(Round the values of z to 2 decimal places. Round your answers to 4 decimal places.)

(a) P(x < 25 | μ = 27 and σ = 3)
enter the probability of fewer than 25 outcomes if the mean is 27and the standard deviation is 3

(b) P(x ≥ 75 | μ = 60 and σ = 8)
enter the probability of 75or more outcomes if the mean is 60and the standard deviation is 8

(c) P(x > 57 | μ = 60 and σ = 5)
enter the probability of more than 57outcomes if the mean is 60and the standard deviation is 5

(d) P(19 < x < 27 | μ = 25 and σ = 3)
enter the probability of more than 19and fewer than 27outcomes if the mean is 25and the standard deviation is 3

(e) P(x ≥ 85 | μ = 70 and σ = 1.86)
enter the probability of 85or more outcomes if the mean is 70and the standard deviation is 1.86

New Era Cleaning Service, Inc. opened for business on July 1, 2010. During the month of July, the following transactions occurred:
July 1: Issued $18,000 of common stock for $18,000 cash
July 1: Purchased a truck for $11,000. Paid $4,000 in cash and borrowed the remainder (long term) from the bank.
July 3: Purchased cleaning supplies for $900 on account.
July 5: Paid $1,800 on a one-year insurance policy, effective July 1.
July 12: Billed customers $4,800 for cleaning services.
July 18: Paid $1,500 of the amount owed on the truck.
July 18: Paid $500 of the amount owed on cleaning services.

July 20: Paid $1,700 for employee salaries.

July 21: Collected $1,200 from customers billed on July 12.

July 25: Billed customers $1,900 for cleaning services.

July 31: Paid gas and oil for the month on the truck, $500.

July 31: Paid a $800 dividend.

Please complete the following tasks:
Post the July transactions to the general journal and the general ledger "T" accounts.

General journal

(#1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12)

Adjusting entries:

(a) (b) (c) (d) (e)

General Ledger - T Accounts

Lars Linken opened Lars Cleaners on March 1, 2022. During March, the following transactions were completed. Transactions for the month of March were as follows:

1. March 1 Issued 10,000 shares of common stock for $15,000 cash.

2. March 1 Borrowed $6,000 cash by signing a 6-month, 6%, $6,000 note payable. Interest will be paid the first day of each subsequent month.

3. March 1 Purchased used truck for $8,000 cash.

4. March 2 Paid $1,500 cash to cover rent from March 1 through May 31.

5. March 3 Paid $2,400 cash on a 6-month insurance policy effective March 1.

6. March 6 Purchased cleaning supplies for $2,000 on account.

7. March 14 Billed customers $3,700 for cleaning services performed.

8. March 18 Paid $500 on amount owed on cleaning supplies.

9. March 20 Paid $1,750 cash for employee salaries.

10. March 21 Collected $1,600 cash from customers billed on March 14.

11. March 28 Billed customers $4,200 for cleaning services performed.

12. March 31 Paid $350 for gas and oil used in truck during month (use Maintenance and Repairs Expense).

13. March 31 Declared and paid a $900 cash dividend.

The chart of accounts for Lars Cleaners contains the following accounts: Cash Accounts Receivable Supplies Prepaid Insurance Prepaid Rent Equipment Accumulated Depreciation—Equipment Accounts Payable Salaries and Wages Payable Notes Payable Interest Payable Common Stock Retained Earnings Dividends Income Summary Service Revenue Maintenance and Repairs Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Rent Expense Interest Expense

g. Prepare the income statement and a retained earnings statement for March and a classified balance sheet at March 31.

h. Journalize and post closing entries and complete the closing process.

i. Prepare a post-closing trial balance at March 31.

America Online (AOL) is a leader in the Internet access provider industry. In 1996, the company changed a controversial accounting method involving the treatment of the cost of advertising and free trials. The following is an excerpt from a May 15, 2000, CNET News.com article:

America Online will pay a civil penalty of $3.5 million as part of a settlement with the Securities and Exchange Commission over the accounting of advertising costs. According to the SEC, the Internet and media giant improperly reported most of the costs of acquiring new subscribers – such as the expense of sending computer disks to potential customers – as an asset. As a result, the SEC said AOL posted a profit for six of eight quarters in 1995 and 1996 but would have recorded a loss if the company followed recommended accounting practices.

AOL, backed by its auditor, defended the accounting method of capitalizing these costs arguing that spreading the costs over two years was a justifiable way to match expenses against revenue flows that would emerge later. In 1996, AOL switched to expensing these costs in the period incurred.

Consider the general treatment of advertising and promotion costs.  

• Why are these costs normally expensed in the period incurred even though they are incurred with the intention of generating future revenues?  
• Why did they expense these costs over a two-year period?  
• Then discuss the possible reasons why AOL chose a different approach followed by a discussion of the possible reasons why the company decided to change its method. Also include the civil penalty of $3.5 million leveled by the SEC four years after AOL changed its method.  

The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2017.

The following transactions occurred during January 2018:

Required:

Set up T-accounts and enter the beginning balances as of January 1, 2018.

Prepare general journal entries to record each transaction. Omit explanations.

Post the entries to T-accounts.

Prepare an unadjusted trial balance as of January 31, 2018

The accounting records of Clay?'s Appliances included the following balances at the end of the? period:

Estimated Warrenty Payable

Sales Revenue

Warranty Expense

In the? past,Clay?'s warranty expense has been 7% of sales. During the current period?, the business paid $4,000 to satisfy the warranty claims.

(The accounts to choose from in a-b are Accounts payable, Cash, Estimated warranty payable, Sales Revenue, Sales tax payable, and Warranty expense.)

a) Journalize Clay?'s warranty expense

b) Journalize the warranty payments

c) Show what the company would report on its income statement at the end of the period. (Choose from Estimated warranty payable, Sales Revenue, and Warranty Expense.)

d) Show what the company would report on its balance sheet at the end of the period. (Choose from Current Assets, Current Liabilities, Estimated warranty payable, Sales Revenue, and Warranty expense.)

e) Which data item will affect Clay?'s current? ratio? (Choose from Estimated warranty payable, Sales revenue, and Warranty expense.)

f) Will Clay?'s current ratio increase or decrease as a result of an increase in the item from (e)

WASHINGTON — The House failed on Thursday to advance a constitutional amendment that would require Congress not spend more than the nation collects in revenue. Some conservative lawmakers had hoped a vote on the bill would calm grassroots conservatives who had been fuming about recent high levels of spending. On a mostly party line vote, Republicans failed to advance the bill, 233-184. Normally, legislation requires 218 votes to win approval in the House and can be passed with just Republican votes. The balanced budget amendment, however, required bipartisan support with a two-thirds majority vote because it was a constitutional amendment. Analyze the following situations. The economy goes into a recession. A. What automatically happens to tax revenue and government spending during a recession? (See chapter 27) Why? (Does the budget go into deficit, surplus or stay balanced?) 5 points B. If the balanced budget amendment was in effect, what would the federal government have to do to obtain a balanced budget? 5 points C. What would happen to the recession? Why? (Would the recession improve, get worse or stay the same? 5 points

Write a C++ program that prints a calendar for a given year.

ONLY USING "#include<iostream>" and "#include<cmath>" The program prompts the user for two inputs:

      1) The year for which you are generating the calendar.
      2) The day of the week that January first is on, you will use the following notation to set the day of the week:

      0 Sunday                     1 Monday                   2 Tuesday                   3 Wednesday
      4 Thursday                 5 Friday                      6 Saturday

Your program should generate a calendar similar to the one shown in the example output below. The calendar should be printed on the screen. Your program should be able to handle leap years. A leap year is a year in which we have 466 days. That extra day comes at the end of February. Thus, a leap year has 466 days with 29 days in February. A century year is a leap year if it is divisible by 400. Other years divisible by 4 but not by 100 are also leap years.

Example: Year 2000 is a leap year because it is divisible by 400.  Year 2004 is a leap year because it is divisible by 4 but not by 100.

Your program should clearly describe the functionality of each function and should display the instructions on how to run the program.

Sample Input:

Enter the year for which you wish to generate the calendar: 2018
Enter the day of the week that January first is on: 1

Sample output:

Calendar for year 2018

January
Sun      Mon     Tue      Wed     Thu      Fri        Sat
            1          2          4           4          5          6         

7          8          9          10        11        12        14       

14       15        16        17         18        19        20       

21       22        24        24         25        26        27       

28       29        40        41

February
Sun      Mon     Tue      Wed     Thu      Fri        Sat
                                                1          2          4         

4          5          6          7          8          9          10       

11        12        14        ..         ..          ..          ..         

..          ..          ..          ..          ..          ..          ..

..

..

..

The circus division of Acorn Industries produces pull-off steering wheels that can be sold to outside customers or transferred to the Car Division of the company. The following information has been collected by Acorn's controller:

Production capacity: 100,000 units

Selling price: $60 per unit
Variable production cost: $36 per unit

Variable Selling cost: $4 per unit

Fixed Production cost: $7 per unit

Number of transformers needed by the Car Division: 6,000

If the Circus division transfers its units to the Car division, it can avoid $2 of variable selling cost.

Required:

1. What is the lowest acceptable per unit transfer price if the Circus division is currently only selling 80,000 units to outside customers?

2. What is the full cost transfer price per unit?

3. What is the range for a negotiated price?

4. If the Circus division is instead operating at capacity before considering the internal transfer, then what would an acceptable transfer price be and why?

Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $390,000. During 2021, Halifax sold merchandise on account for $12,800,000. Halifax's merchandise costs is 70% of merchandise selling price. Also during the year, customers returned $370,000 in sales for credit, with $204,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 3% of sales, are recorded as an adjusting entry at the end of the year.

Required:

1. Prepare entries to (a) record actual returns in 2021 of merchandise that was sold prior to 2021; (b) record actual returns in 2021 of merchandise that was sold during 2021; and (c) adjust the refund liability to its appropriate balance at year end.
2. What is the amount of the year-end refund liability after the adjusting entry is recorded?