Questions
Payroll Accounts and Year-End Entries The following accounts, with the balances indicated, appear in the ledger...

Payroll Accounts and Year-End Entries

The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year:

211 Salaries Payable
212 Social Security Tax Payable $17,328
213 Medicare Tax Payable 4,560
214 Employees Federal Income Tax Payable 28,120
215 Employees State Income Tax Payable 27,360
216 State Unemployment Tax Payable 2,888
217 Federal Unemployment Tax Payable 912
218 Bond Deductions Payable 7,000
219 Medical Insurance Payable 52,900
411 Operations Salaries Expense 1,841,000
511 Officers Salaries Expense 1,201,000
512 Office Salaries Expense 306,000
519

Payroll Tax Expense

The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December:

Dec. 2 Issued Check No. 410 for $ 7,000 to Jay Bank to purchase U.S. savings bonds for employees.
Dec. 2 Issued Check No. 411 to Jay Bank for $ 50,008 in payment of $17,328 of social security tax, $4,560 of Medicare tax, and $28,120 of employees' federal income tax due.
Dec. 13 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows:
Salary distribution:
   Operations $83,000
   Officers 55,000
   Office 14,000 152,000
Deductions:
   Social security tax 9,120
   Medicare tax 2,280
   Federal income tax withheld 28,120
   State income tax withheld 6,840
   Savings bond deductions 3,500
Medical insurance deductions 8,816 58,676
Net amount 93,324
Dec. 13 Issued Check No. 420 in payment of the net amount of the biweekly payroll.
Dec. 13 Journalized the entry to record payroll taxes on employees' earnings of December 13: social security tax, $9,120; Medicare tax, $2,280; state unemployment tax, $720; federal unemployment tax, $240.
Dec. 16 Issued Check No. 424 to Jay Bank for $ 50,920, in payment of $18,240 of social security tax, $4,560 of Medicare tax, and $28,120 of employees' federal income tax due.
Dec. 19 Issued Check No. 429 to Sims-Walker Insurance Company for $ 52,900, in payment of the semiannual premium on the group medical insurance policy.
Dec. 27 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows:
Salary distribution:
   Operations $81,000
   Officers 55,000
   Office 13,000 149,000
Deductions:
   Social security tax 8,940
   Medicare tax 2,235
   Federal income tax withheld 27,267
   State income tax withheld 6,705
   Savings bond deductions 3,500 48,647
Net amount 100,353
Dec. 27 Issued Check No. 541 in payment of the net amount of the biweekly payroll.
Dec. 27. Journalized the entry to record payroll taxes on employees' earnings of December 27: social security tax, $8,940; Medicare tax, $2,235; state unemployment tax, $360; federal unemployment tax, $120.
Dec. 27 Issued Check No. 543 for $ 40,905 to State Department of Revenue in payment of employees' state income tax due on December 31.
Dec. 31 Issued Check No. 545 to Jay Bank for $ 7,000 to purchase U.S. savings bonds for employees.
Dec. 31 Paid $80,000 to the employee pension plan. The annual pension cost is $104,000. (Record both the payment and unfunded pension liability.)

Required:

1. Journalize the transactions. If an amount box does not require an entry, leave it blank. For December 13th transactions, (a.) record the payroll and (b.) payment of salaries. For December 27th transactions, (a.) record the payroll, (b.) payment of salaries, (c.) record the taxes, and (d.) payment of taxes.

Date Account Debit Credit
Dec. 2
Dec. 2
Dec. 13 (a.)
Dec. 13 (b.)
Dec. 13-Taxes
Dec. 16-Taxes
Dec. 19-Ins.
Dec. 27 (a.)
Dec. 27 (b.)
Dec. 27 (c.)
Dec. 27 (d.)
Dec. 31-Bonds
Dec. 31

2a. Journalize the following adjusting entry on December 31. Salaries accrued: operations salaries, $8,100; officers salaries, $5,500; office salaries, $1,300 . The payroll taxes are immaterial and are not accrued. If an amount box does not require an entry, leave it blank.

Date Account Debit Credit
Dec. 31

2b. Journalize the following adjusting entry on December 31: Vacation pay, $28,000.

Date Account Debit Credit
Dec. 31

261,440

In: Accounting

Questions 23–33: Heart Attack Survival, revisited Some people who are having a heart attack do not...

Questions 23–33: Heart Attack Survival, revisited Some people who are having a heart attack do not experience chest pain, although most do. A study of people admitted to emergency rooms with heart attacks compared the death rates of people who had chest pains with those of people who did not have chest pains (Brieger et al. 2004). Of the 1,763 people who had heart attacks without chest pain, 229 died, while of the 19,118 people who had heart attacks with chest pain, 822 died. Assume that these are a random sample of all those having heart attacks coming to emergency rooms. To answer the following questions you may find it useful to build the two-way table for this study (that is, fill in the following). Chest Pain No Chest Pain Total Died Survived Total 23. What’s the marginal percentage of people who did not have chest pains?

24. What’s the conditional percentage of people who died given they had chest pains?

25. What is the sample proportion of those that died in the group that did not have chest pains?

26. Find the 95% confidence interval for the plus 4 sample proportion of those that died in the group that did not have chest pains (to two decimal places). You may assume that the critical value is 2 for this case.

27. It is typically believed that about 5% of those that have heart attacks die from them. You want to conduct an hypothesis test at the 95% to see if the data from the group that did not have chest pains is consistent with this value. What is the value of your test statistic to one decimal place?

28. Based on your test statistic from the last part, what conclusion do you draw? Now we want to formally compare the proportion of individuals dying between the two groups – those without chest pains and those with. We will step through a few calculations. We use a 99% confidence level for all calculations.

29. To start, are the requirements met for the large sample size proportion calculations in this case?

30. We think that the group without chest pains may be less likely to be identified and treated quickly and so may be at greater risk of death. What are the appropriate null and alternative hypotheses to represent this?

31. What is the appropriate test statistic corresponding to the hypothesis you stated in the last question?

32. Calculate the value of test statistic for these data to two decimal places.

33. At the 99% confidence level, what do you conclude?

In: Statistics and Probability

Question 12.20 – Use these data - incidents of reports of underage drinking – to perform...

Question 12.20 – Use these data - incidents of reports of underage drinking – to perform the following: “Dry” campus, state school: 47, 52, 27, 50 “Dry” campus, private school: 25, 33, 31 “Wet” campus, state school: 77, 61, 55, 48 “Wet” campus, private school: 52, 68, 60

a.) Calculate the cell and marginal means. Notice the unequal Ns b.) Draw a bar graph. c.) Calculate the five different degrees of freedom, and indicate the critical F value based on each set of degrees of freedom, assuming the p level is 0.05. d.) Calculate the total sum of squares. e.) Calculate the between-groups sum of squares of the independent variable campus. f.) Calculate the between-groups sum of squares for the independent variable school. g.) Calculate the within-groups sum of squares. h.) Calculate the sum of squares for the interaction. i.) Create a source table.

In: Advanced Math

A group of Brigham Young University- Idaho Students collected data of the speed of vehicles traveling...

A group of Brigham Young University- Idaho Students collected data of the speed of vehicles traveling through a construction zone on a state highway, where the posted construction speed limit was 25 mph. The recorded speed for 14 randomly selected vehicles is given below.

20, 24, 27, 28, 29, 30, 32, 33, 34, 36, 38, 39, 40, 40

a. determine the sample standard deviation of the speeds

b. comment on the appropriateness of using the Empirical Rule to make any general comments about the drivers speed.

c. Use the empirical rule to estimate the percentage of speeds that are between 26 and 38 mph.

d. determine the actuall percentage of drivers whose speeds are between 26 and 38 mph.

e. Use the Empirical Rule to estimate the percentage of speeds that are greater than 26 mph (so they exceed the posted speed limit)

f. determine the actual percentage of drivers whose speeds are 26 mph or higher.

In: Statistics and Probability

Judge and Cable (2010) report the results of a study demonstrating a negative relationship between weight...

  1. Judge and Cable (2010) report the results of a study demonstrating a negative relationship between weight and income for a group of women professionals. Following are data similar to those obtained in the study. Income figures are rounded to the nearest $1,000.

BMI (X)

Income (Y)

22

125

26

78

37

49

31

63

40

35

27

84

42

38

33

51

24

93

38

44

SSX

SSY

452

7430

  1. Conduct a Pearson’s r hypothesis test to determine if there is a statistically significant correlation between weight and income. Use a two-tailed test with α = .05.
    1. Step 1 (û or ü)
    2. Step 2 (û or ü)
    3. Step 3
      1. Numerator (û, ü, or üü)
      2. Denominator (û, ü, or üü)
      3. r (û, ü, or üü)
    4. Step 4 (û or ü)
    5. Step 5 (û, ü, or üü)
    6. Interpretation (û, ü, or üü)

In: Statistics and Probability

Design a modular program that accepts as input 20 numbers between 0 and 100 (including 0...

Design a modular program that accepts as input 20 numbers between 0 and 100 (including 0 and 100). The program should store the numbers in an array and then display the following information:

  • The lowest number in the array

  • The highest number in the array

  • The total of the numbers in the array

  • The average of the numbers in the array

Your program should consist of the following:

Module main. Accepts input of numbers and assigns them to an array. The array is traversed in order to find the highest number, lowest number, total and average of the numbers.

Module showStats. Displays the highest number, lowest number, total and average of the numbers.

Expected Input/Output

Please enter 20 numbers between 1-100:

64

93

12

45

85

.

.

.

27

43

2

The lowest number in the array is: 1

The highest number in the array is: 95

The total of the numbers in the array is: 811

The average of the numbers in the array is: 40.55

The solution should be in Java. Thank you

In: Computer Science

Companies in the U.S. car rental market vary greatly in terms of the size of the...

Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. The following data show the number of cars in service (1000s) and the annual revenue ($millions) for six smaller car rental companies (Auto Rental News website, August 7, 2012).

Company

Cars (1000s)

Revenue ($millions)

U-Save Auto Rental System, Inc.

11.5

118

Payless Car Rental System, Inc.

10

135

ACE Rent A Car

9

100

Rent-A-Wreck of America

5.5

37

Triangle Rent-A-Car

4.2

40

Affordable/Sensible

3.3

32

  1. Develop a scatter diagram with the number of cars in service as the independent variable. See page 208 of the course packet.
  2. What does the scatter diagram developed in part a indicate about the relationship between the two variables?
  3. Calculate the intercept and the slope for the estimated regression equation. Show your work with a table as on page 175 of the course packet. You may use Excel to construct the table and calculate the values in the table. Don’t use Excel’s statistical functions or Data Analysis.
  4. Write the regression model and the estimated regression equation.
  5. Explain the meaning of the estimated intercept and slope in part c.
  6. Fox Rent-A-Car has 11,000 cars in service. Use the estimated regression equation developed in part d to predict annual revenue for Fox Rent-A-Car.
  7. Calculate SST, SSR, and SSE. Show your work with a table as on page 182 of the course packet. You may use Excel to construct the table and calculate the values in the table.
  8. Using part g, calculate the coefficient of the determination and explain its meaning.
  9. Enter the data in Excel and use Data Analysis to get the regression results. See pages 208 – 209 of the course packet and pages 680 – 681 of the textbook.
  10. Use the regression printout from Excel in part i to find the values of b0, b1, SST, SSR, SSE, and R2.
  11. Calculate the sample covariance and the sample correlation. Show your work with a table as on page 25 of the course packet. You may add one more column to the table in part c to get this table.
  12. Based on the sample correlation in part k, what does it tell you about the relationship between the two variables?
  13. Show the relationship between the sample correlation and the coefficient of determination.

In: Statistics and Probability

Christian Everland (SS# 412-34-5670) is single and resides at 3554 Arrival Road, Apt. 6E, Buckhead, GA...

Christian Everland (SS# 412-34-5670) is single and resides at 3554 Arrival Road, Apt. 6E, Buckhead, GA 30625.

Last year Christian started his own landscaping business. He now has two employees and had the following business results in 2019:

Revenue 63,500
Expenses
Wages 12,500
Payroll Taxes 956
Fuel 3,500
Repairs 2,345
Assets
Truck (100% used for business.)

Original Cost: 22,000

(purchased 3/01/19)

Mower #1

Original Cost: 4,500

(purchased new 1/05/19)

Mower #2 Leased for $200/month for all of 2019
other business equipment

Original cost: 4,000

(purchased new 1/05/2019)

Section 179 depreciation is elected for all assets

Christian has no other income, does not itemize, and has no dependents. He paid four quarterly federal tax estimates of $700 each.

REQUIRED

Prepare Christian's 2019 Form 1040 and other appropriate forms and schedules. He wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Christian had a qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions.

In: Accounting

Critical Thinking The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing...

Critical Thinking

The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing as well as service sector (Basu, 2001; George, 2002). Due to the rapidly changing global marketplace only those companies will be able to survive that will deliver products of good quality at cheaper rate and to achieve their goal companies try to improve performance by focusing on cost cutting, increasing productivity levels, quality and guaranteeing deliveries in order to satisfy customers (Raouf, 1994).

Increased global competition leads the industry to increasing efficiency by means of economies of scale and internal specialization so as to meet market conditions in terms of flexibility, delivery performance and quality (Yamashina, 1995). The changes in the present competitive business environment are characterized by profound competition on the supply side and keen indecisive in customer requirements on the demand side. These changes have left their distinctive marks on the different aspect of the manufacturing organizations (Gomes et al., 2006). With this increasing global economy, cost effective manufacturing has become a requirement to remain competitive.

To meet all the challenges organizations try to introduce different manufacturing and supply techniques. Management of organizations devotes its efforts to reduce the manufacturing costs and to improve the quality of product. To achieve this goal, different manufacturing and supply techniques have been employed. The last quarter of the 20th century witnessed the adoption of world-class, lean and integrated manufacturing strategies that have drastically changed the way manufacturing firm’s leads to improvement of manufacturing performance (Fullerton and McWatters, 2002).

Consult chapter 7 of your text book or secondary available data on internet and answer the following questions.

Question:

  1. Why Companies adopted Lean Thinking and JIT model?
  2. Discuss major types of Waste, companies has to keep in mind during production.
  3. Assess the reasons for using lean thinking (suitable examples), what are the benefits from Suppliers to end users?
  4. Due to COVID 19 emergency do you think agile supply chain is the right concept in this kind of situation? Give reason with example.

The Answer should be within 4- 5 pages.

The Answer must follow the outline points below:

  • Lean Thinking and JIT Concept
  • Agile Supply chain
  • Their Main functions
  • Reasons with suitable Examples
  • Reference

In: Operations Management

Critical Thinking The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing...

Critical Thinking

The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing as well as service sector (Basu, 2001; George, 2002). Due to the rapidly changing global marketplace only those companies will be able to survive that will deliver products of good quality at cheaper rate and to achieve their goal companies try to improve performance by focusing on cost cutting, increasing productivity levels, quality and guaranteeing deliveries in order to satisfy customers (Raouf, 1994).

Increased global competition leads the industry to increasing efficiency by means of economies of scale and internal specialization so as to meet market conditions in terms of flexibility, delivery performance and quality (Yamashina, 1995). The changes in the present competitive business environment are characterized by profound competition on the supply side and keen indecisive in customer requirements on the demand side. These changes have left their distinctive marks on the different aspect of the manufacturing organizations (Gomes et al., 2006). With this increasing global economy, cost effective manufacturing has become a requirement to remain competitive.

To meet all the challenges organizations try to introduce different manufacturing and supply techniques. Management of organizations devotes its efforts to reduce the manufacturing costs and to improve the quality of product. To achieve this goal, different manufacturing and supply techniques have been employed. The last quarter of the 20th century witnessed the adoption of world-class, lean and integrated manufacturing strategies that have drastically changed the way manufacturing firm’s leads to improvement of manufacturing performance (Fullerton and McWatters, 2002).

Consult chapter 7 of your text book or secondary available data on internet and answer the following questions.

Question:

  1. Why Companies adopted Lean Thinking and JIT model?
  2. Discuss major types of Waste, companies has to keep in mind during production.
  3. Assess the reasons for using lean thinking (suitable examples), what are the benefits from Suppliers to end users?
  4. Due to COVID 19 emergency do you think agile supply chain is the right concept in this kind of situation? Give reason with example.

The Answer should be within 4- 5 pages.

The Answer must follow the outline points below:

  • Lean Thinking and JIT Concept
  • Agile Supply chain
  • Their Main functions
  • Reasons with suitable Examples
  • Reference

with APA style reference

In: Operations Management