In manufacturing, does worker productivity drop on Friday? In an effort to determine whether it does, a company’s personnel department randomly selects from a manufacturing plant five workers who make the same part. They measure their output on Wednesday and again on Friday and obtain the following results.

They use α = 0.05 and assume the difference in productivity is normally distributed. Do the samples provide enough evidence to show that productivity drops on Friday?

Round the intermediate values to 3 decimal places. Round your answer to 2 decimal places.

Observed t = ??

Refer to the given consumption schedules. DI signifies disposable income and C represents consumption expenditures. All figures are in billions of dollars. At an income level of $40 billion, the average propensity to consume

Performance Tires plans to engage in direct mail advertising. It is currently in negotiations to purchase a mailing list of the names of people who bought sports cars within the last three years. The owner of the mailing list claims that sales generated by contacting names on the list will more than pay for the cost of using the list. (Typically, a company will not sell its list of contacts, but rather provides the mailing services. For example, the owner of the list would handle addressing and mailing catalogs.)

Before it is willing to pay the asking price of $3 per name, the company obtains a sample of 225 names and addresses from the list in order to run a small experiment. It sends a promotional mailing to each of these customers. The data for this exercise show the gross dollar value of the orders produced by this experimental mailing. The company makes a profit of 20% of the gross dollar value of a sale. For example, an order for $100 produces $20 in profit.

Should the company agree to the asking price?

this is one part of the question i am stuck on the other 3 parts i did already

How is the certainty of your decision dependent on the number of names in the sample list? How would, for example, doubling the number of sample names change the certainty of your decision?

Shanks Corporation is considering a capital budgeting project that involves investing $600,000 in equipment that would have a useful life of 3 years and zero salvage value. The company would also need to invest $20,000 immediately in working capital which would be released for use elsewhere at the end of the project in 3 years. The net annual operating cash inflow, which is the difference between the incremental sales revenue and incremental cash operating expenses, would be $300,000 per year. The project would require a one-time renovation expense of $60,000 at the end of year 2. The company uses straight-line depreciation and the depreciation expense on the equipment would be $200,000 per year. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The income tax rate is 35%. The after-tax discount rate is 15%.

Required:

Determine the net present value of the project. Show your work!

Heidi Jara opened Jara's Cleaning Service on July 1, 2017. During July, the following transactions were completed. July  1 Stockholders invested $20,000 cash in the business in exchange for common stock. 1 Purchased used truck for $9,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,500 for cleaning services. 18 Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies. 20 Paid $2,500 cash for employee salaries. 21 Collected $3,400 cash from customers billed on July 12. 25 Billed customers $6,000 for cleaning services. 31 Paid $350 for the monthly gasoline bill for the truck. 31 Paid a $5,600 cash dividend. The chart of accounts for Jara's Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation—Equipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 311 Common Stock, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Summary, No. 400 Service Revenue, No. 631 Supplies Expense, No. 633 Gasoline Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense. Instructions (a) Journalize and post the July transactions using the general journal tab in Excel (b) Prepare a trial balance at July 31 using the trial balance tab in Excel (b) Trial balance $34,700 (c) Journalize and post the following adjusting entries using the general journal for adjustments tab in Excel. Prepare an adjusted trial balance using the adjusted trial balance tab in Excel. 1. Unbilled and uncollected revenue for services performed at July 31 were $2,700. 2. Depreciation on equipment for the month was $500. 3. One-twelfth of the insurance expired. 4. An inventory count shows $600 of cleaning supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $1,000. (c) Adjusted trial balance $38,900 (d) Prepare an income statement and a retained earnings statement for July and a classified balance sheet at July 31, using the financial statements tab in Excel. (d) Net income $7,200 Total assets $26,800 (e) Journalize and post closing entries using the general journal for closing ent tab in Excel. (g) Prepare a post-closing trial balance at July 31 using the post closing trial balance tab in Excel. (g) Post-closing trial balance $27,300

I need help with the income statement after the adjusting entries are made. I am not getting what my professor says i'm suppose to and cant not figure out why.

1.If store rent has been paid in cash for the month, then

a. owner's equity will decrease.

b. an asset will increase.

c. a liability will increase.

d. the owners equity will increase

2.

Pharoah’s Forest Products showed the following account balances at the end of 2021:

Assuming all accounts have normal balances, what are the totals for the debit and credit columns in the trial balance?

a. $234900

b. $233950

c. $135250

d. $163650

3. The accounts of a business before an adjusting entry is made to record an accrued revenue reflect an

a. understated liability and an overstated owner's capital.

b. overstated asset and an understated revenue.

c. understated expense and an overstated revenue.

d. understated asset and an understated revenue.

4. If a company purchases inventory for $150000 with terms 1/5 n/30 and pays within the discount period, the amount of cash paid is

a. $151500.

b. $148500.

c. $150000.

d. $155000.

5. Windsor Farm Store had a beginning merchandise inventory of $9000. During the period, purchases were $34800; purchase returns, $1700; and freight in $2500. A physical count of inventory at the end of the period revealed that $6400 was still on hand. Using a periodic inventory system, the cost of goods sold was

a. $43800.

b. $38200.

c. $45500.

d. $42100.

1. Employee A receives checks from customers and logs them into the register for check receipts (sub-ledger). S/he also posts the receipt to the relevant customer sub-ledger and is responsible for depositing the checks into bank. (Amounts from sub-ledgers are posted into the General ledger). However, in the most recent month, the employee deposited receipts from 3 customers in a personal bank account that s/he opened in a name similar to that of the Company. Which of the following control(s), if operating effectively would detect the fraud?

A. Only authorized personnel have access to the check register

B. Review of customer receivable aging analysis (AR aging)

C. Reconciling cash per GL to cash per Bank( Bank reconciliation)

2. The concept of professional skepticism requires an auditor to presume that Management is likely to misstate the financial statements.

A. True B. False

3. Under the current environment, travel is coming to a grinding halt. Consequently, last week Delta Airlines announced that it would be grounding 400 of its aircrafts indefinitely. Assume that these aircrafts were recorded as fixed assets on Delta’s balance sheet. This decision is most likely to impact the ___________ assertion related to fixed assets.

Cik Halimah is an entrepreneur who owned HD Cleaning Services Enterprise (HDCSE). Cik Halimah appointed you to manage the accounting records. You have been asked to complete part of the accounting cycle as she would apply for a bank loan. The following transactions had taken place in the first month (January 2020) of her business operation. 1 January The following assets were contributed by Cik Halimah into the business: Cash RM50,000 Furniture and Fitting RM40,000 Office Equipment RM14,000 2 Purchased office supplies from JD Enterprise for RM600 cash. 6 Hired a part time worker to assist Cik Halimah with a salary of RM1,200 per month. 8 Paid insurance premium for six (6) months period for RM2,500 cash. 11 Performed cleaning services to her customers and received RM10,000 cash. 13 Purchased a van for RM25,000 by paying RM14,000 cash and the remaining balance was on account. 16 Cik Halimah used RM5,500 of HDCSE’s money for her vacation. 17 Paid RM4,000 for the transaction on 13 January. 22 Paid RM1,500 for utility bills. 27 Performed services to customers of RM15,000 and received RM7,000 cash. The remaining balance will be received in February 2020. 28 One of the customers paid HDCSE of RM10,000 for the services to be performed in February 2020. 30 Paid salary for RM1,200. REQUIRED: (a) Record the journal entry/entries for the above transactions during the month of January 2020. (Explanation is not required). (b) Post all relevant cash journal entries to the Cash Account ledger. Determine the Cash Account balance after all postings are completed.

Ms. Yuki is an entrepreneur who owned HO Cleaning Services Enterprise (HOCSE). Ms. Yuki appointed you to manage the accounting records. You have been asked to complete part of the accounting cycle as she would apply for a bank loan. The following transactions had taken place in the first month (January 2020) of her business operation.

1 January The following assets were contributed by Ms. Yuki into the business:

Cash RM50,000

Furniture and Fitting RM40,000

Office Equipment RM14,000

2 Purchased office supplies from JD Enterprise for RM600 cash.

6 Hired a part time worker to assist Ms. Yuki with a salary of RM1,200 per month

8 Paid insurance premium for six (6) months period for RM2,500 cash.

11 Performed cleaning services to her customers and received RM10,000 cash.

13 Purchased a van for RM25,000 by paying RM14,000 cash and the remaining balance was on account.

16 Ms. Yuki used RM5,500 of HOCSE’s money for her vacation.

17 Paid RM4,000 for the transaction on 13 January.

22 Paid RM1,500 for utility bills.

27 Performed services to customers of RM15,000 and received RM7,000 cash. The remaining balance will be received in February 2020

28 One of the customers paid HOCSE of RM10,000 for the services to be performed in February 2020.

30 Paid salary for RM1,200

Required:

(a) Record the journal entry/entries for the above transactions during the month of January 2020. (Explanation is not required).

(b) Post all relevant cash journal entries to the Cash Account ledger. Determine the Cash Account balance after all postings are completed