1)

A company raises $100,000 cash by issuing common stock (CS). What is the effect of this transaction on the Balance Sheet?

A-- Liabilities Increase. Equity Increases.

B-- Assets Increase. Liabilities Increase.

C--Assets Increase. Revenue Increases.

D-- Assets Increase. Equity Increases.

2)

On May 1st Sarif Industries paid $24,000 to Detroit Realty for 6 months rent beginning June 1st. The company did the correct recording on May 1st. What is the effect of this transaction on the Balance Sheet?

A-- Assets Remain Unchanged

B-- Assets Decrease. Liabilities Decrease.

C-- Assets Increase. Liabilities Increase.

D-- Assets Decrease. Equity Decreases

3)

BellTower Company collected $13,000 in June of 2019 for 7 months of service which would take place from October of 2019 through April of 2020. What's the impact of Belltower's June collection of this money on the Balance Sheet?

A-- Increase Assets. Increase Liabilities

B-- Increase Assets. Increase Equity

C-- Increase Assets. Increase Expense..

D-- Increase Assets. Increase Revenue

4)

An Increase in an Asset account would also cause which of the following to occur?

A-- No other entry would occur

B-- A Decrease in Equity

C-- An Increase in Liabilities

D-- A Decrease in Liabilities

PLEASE ANSWER #5! thanks!

Roadrunner Trucking Company is a nationwide truckload carrier. They operate in a highly-competitive market on a very thin margin. Below are the projected figures for 2016: Revenue per mile $5.00 Variable cost per mile $ 4.50 Projected fixed costs $5,000,000 Desired after tax profit $500,000 Tax rate 25%

1. Compute the contribution rate and computation rate margin.

2. Calculate the breakeven in miles and sales dollars based on the information from Question 1.

3. Management is reviewing a proposal from their liability insurance company. The proposal suggests the company change their premium from a fixed to a variable rate. If accepted, this would increase the variable costs by 25 cents per mile and drop the fixed costs by 2%. Should they make the change? Show calculations to support or answer.

4. Shareholders are pressuring management to increase after-tax profit and thus increase the amount of dividends that can be paid. Management thinks they can increase revenue per mile by 5% and with an aggressive cost-cutting program, which will reduce fixed costs by 10%. With this program they project after-tax profits would increase by 15%.

5. Compare the three alternatives. Which is best? Explain your answer.

Exercise 9-17 Flexible Budget Performance Report [LO9-1, LO9-2, LO9-3, LO9-4]

AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February:

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $33 per job, and the actual mobile lab operating expenses for February were $9,590. The company expected to work 150 jobs in February, but actually worked 160 jobs.

Required:

Prepare a flexible budget performance report showing AirQual Test Corporation’s revenue and spending variances and activity variances for February. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Is there a relationship between the dollars spent each week on recreation and the number of members of the family? Do larger families spend more on recreation? Ten Chicago families shared the following information:

Family Size               3         6        5        6        6        3        4         4         5        3

Amount Spent          99        104     151     129     142     111     74        91        119     91

h. Predict the recreational spending for a family of size 5.

i. If there are families of that size in the data set, what are the residuals for those observations?

j. Test the explanatory power of the model at a 5% level of significance.

k. Test if there is a positive relationship between family size and recreational spending. Use alpha = 0.01.

l. What is the excel command used to produce the p-value associated with the test in part k?

The data below are the final exam scores of 5 randomly selected calculus students and the number of hours they slept the night before the exam.

a) Draw scatterplot for the data.

b) Calculate the linear correlation coefficient to 3 decimal places.

(if you are unable to calculate the linear correlation coefficient, use .9 for part c,d and e)

c) Is there a linear relationship between the amount of sleep the student gets and the score on their exam. ( Justify your answer.Chart attached)

d) Determine the equation for the least squares regression line.

e) Predict the score of a student who studies 5 hours.

f) Interpret the slope and y-intercept of the least squares regression line

1. Describe the differences between the six classifications of pressure injuries. 2. How do you explain the fact that eschar must be removed before an injury can be accurately staged? 3. You are assigned to care for a 74-year-old male patient with a stage 3 pressure injury on his coccyx that is infected with methicillin-resistant Staphylococcus aureus (MRSA). You will need to irrigate the injury and apply a wet-to-damp dressing. You will also need to take the proper transmission-based precautions for MRSA in a wound. a. What makes a pressure injury classified as stage 3? b. How will you assess it for increasing or decreasing infection? c. How will you document the size and appearance of the wound? d. How will you apply the correct dressing for this wound?

Part 1: Record the following transactions for Classic Canine Cuts for the month of December in the General Journal.

Transaction Date Description
1 12/1 Issued 100,000 shares of common stock for $100,000.
2 12/2
A retail space is rented. Paid for one year of rent in advance totaling $24,000. (rent is $2,000 per month)
3 12/4 Purchased equipment for the business totaling $36,000.
4 12/5 Purchased $1,500 of supplies on account.
5 12/7 Provided services to customers for cash totaling $5,000.
6 12/9
Purchased an ad in the local newspaper to run during December for $400.
7 12/12
Customers purchased $1,000 of gift certificates for services to be provided in the future (pre-paid for future services).
8 12/15
Paid employee salaries for the first half of December totaling $1,200.
9 12/17 Paid $1,000 for the supplies that were purchased on December 5th.
10 12/20 Provided $2,500 of services to customers on account.
11 12/25 Paid a cash dividend of $800 to the shareholders.
12 12/30 Received $1,500 on account for services provided on 12/20.



Part 2: Post all of the transactions for the month of December from the General Journal to the General Ledger.


Part 3: Complete a Trial Balance as of December 31, 2019.




Page 3

Part 4: Record the adjusting entries for Classic Canine Cuts for the month of December in the General Journal.

Transaction Date Description
Adj. 1 12/31
One month of rent that was prepaid has been used for the month of December.
Adj. 2 12/31
The equipment purchased for $36,000 has a useful life of 5 years and no salvage value. (Monthly depreciation is $600.)
Adj. 3 12/31 At the end of December, $1,000 of supplies remain on hand.
Adj. 4 12/31
By the end of December $700 worth of the gift certificates had been redeemed by customers (revenue earned) for grooming services and had not been recorded.
Adj. 5 12/31
Salaries for the second half of December are $1,400, but they will not be paid until January 3rd.



Part 5: Post all of the adjusting entries for the month of December from the General Journal to the General Ledger.


Part 6: Complete an Adjusted Trial Balance as of December 31, 2019.

* Remember a balance in an account on the trial balance will carry over to the adjusted trial balance if it was not changed by an adjusting journal entry.*


Part 7: Complete an Income Statement for the month ended December 31, 2019.


Part 8: Complete a Statement of Retained Earnings for the month ended December 31, 2019.


Part 9: Prepare a Balance Sheet as of December 31, 2019.

Part 10. Record the closing entries for the year ending December 31, 2019.

Part 11. Post all of the year end closing entries from the General Journal to the General Ledger.

Part 12. Prepare a Post-Closing Trial Balance.


Page 4

General Journal Part 1

Ref # Date Account Debit Credit
1
  
  
2
  
  
3
  
  
4
  
  
5
  
  
6
  
  
7
  
  
8
  
  
9
  
  

  
Page 5

General Journal Part 1 (Continued)

Ref # Date Account Debit Credit
10
  
  
11
  
  
12
  
  


General Journal – Adjusting Entries Part 4

Ref # Date Account Debit Credit
A 1
  
  
A 2
  
  
A 3
  
  
A. 4
  
  
A. 5
  
  


Page 6

General Ledger Parts 2,5,11 TB = Trial Balance Total ATB = Adjusted Trial Balance Total CB= Closing Balance Total Post Journal references in left column for debits and right column for credits in each account. Assets

Ref # Cash Ref # Debit Credit TB



Ref # #
Accounts Receivable Ref # Debit Credit TB



Ref # Supplies Ref # Debit Credit TB ATB

Ref # Prepaid Rent Ref # Debit Credit TB ATB




Ref # Equipment Ref # Debit Credit TB




Ref # Accumulated Depreciation Ref # Debit Credit ATB





Page 7

Liabilities



Ref # Accounts Payable Ref # Debit Credit TB
















Ref # Salaries Payable Ref # Debit Credit ATB




Ref # Unearned (Deferred) Revenue Ref # Debit Credit TB ATB



  
Page 8

Stockholders’ Equity



Ref # Common Stock Ref # Debit Credit TB












Ref # Dividends Ref # Debit Credit TB CB



Ref # Retained Earnings Ref # Debit Credit CB





































Page 9

Revenue

Ref # Service Revenue Ref # Debit Credit TB ATB CB

Expenses

Ref # Advertising Expense Ref # Debit Credit TB CB
  
Page 10


Ref # Salaries Expense Ref # Debit Credit TB ATB CB

Ref # Depreciation Expense Ref # Debit Credit ATB CB



Ref # Rent Expense Ref # Debit Credit ATB CB



Ref # Supplies Expense Ref # Debit Credit ATB CB






  
Page 11

Part 3

Classic Canine Cuts Trial Balance December 31, 2019
Account Debit Credit
$ $












Total $ $   
Page 12

Part 6

Classic Canine Cuts Adjusted Trial Balance December 31, 2019
Account Debit Credit
$ $

















Total $ $


Page 13

Part 7

Classic Canine Cuts Income Statement For the Month Ended December 31, 2019
Revenue   
  
$
Expenses   
$




Total Expenses
$
Net Income
$


Part 8

Classic Canine Cuts Statement of Retained Earning December 31, 2019
Retained Earnings
Beginning Balance, December 1, 2019 $
  
Ending Balance, December 31, 2019
$



Page 14

Part 9

Classic Canine Cuts Balance Sheet December 31, 2019
Assets
  
Liabilities
  


Total Current Liabilities

Total Current Assets



Property Plant and Equipment   
Total Liabilities


Stockholders’ Equity
  
Total Property Plant and Equipment


Total Stockholders’ Equity

Total Assets

Total Liabilities and Stockholders’ Equity

  
Page 15




General Journal – Closing Entries Part 10 Revenue, Expense and Dividend accounts.

Ref # Date Account Debit Credit
C.1
  
  
C.2
  
  
  
  
  
  
C.3
  
  

  
Page 16


Part 12

Classic Canine Cuts Post-Closing Trial Balance December 31, 2019
Account Debit Credit
$ $










Total $ $

Statistics exercises

One-way repeated measures ANOVA

1. Suppose you are interested in learning if practice on the ACT improves test scores. You sample a random group of 10 people and ask them to take the ACT 1 time per week for 3 consecutive weeks. Use the data below to determine if practice improves test scores.

1. State the hypotheses

2. Select an alpha level and one- or two-tailed

3. Select and compute the appropriate statistic

4. Report your findings in APA style

5. Make an inference if one is warranted.

11-14 Highland Automotive wishes to forecast the number

of new cars that will be sold next week. The following

table summarizes the number of new cars sold

during each of the past 12 weeks: (PLEASE ANSWER BY USING EXCEL)

(a) Provide a forecast by using a 3-week weighted

moving average technique with weights 5, 3, and

1 (5 = most recent).

(b) Forecast sales by using an exponential smoothing

model with a = 0.45.

(c) Highland would like to forecast sales by using

linear trend analysis. What is the linear equation

that best fits the data?

(d) Which of the methods analyzed here would you

use? Explain your answer.

1. A sports psychologist gave a questionnaire about healthy eating habits to randomly selected professional athletes. The results are displayed below. Using the .05 significance level, is there a difference in healthy eating habits among professionals in the three sports?

                       Baseball Players              Basketball Players              Football Players

                                        32                                           27                                           16

                                        27                                           36                                           13

                                        26                                           25                                           15

                                        35                                           30                                           10

Step 1: State Hypotheses (2 points)

• Null:

• Research:

Step 2: Determine Comparison Distribution (1 point)

• What is the distribution shape and degrees of freedom for the comparison distribution?

Step 3: Set the Criteria for a Decision (3 points)

• df_B =

df_W=

• Critical value:

Step 3: Compute the Test Statistic (10 points)

Step 5: Make a Decision (9 points)

Reject/Fail to Reject the null?

If necessary, compute a Tukey’s HSD post hoc test.

Write your results as they would appear in a research journal (~two sentences).