he cash account for Brentwood Bike Co. at May 1 indicated a balance of $15,240. During May, the total cash deposited was $76,410 and checks written totaled $70,950. The bank statement indicated a balance of $25,900 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:

Checks outstanding totaled $11,540.

A deposit of $9,400, representing receipts of May 31, had been made too late to appear on the bank statement.

The bank had collected for Brentwood Bike Co. $4,970 on a note left for collection. The face of the note was $4,580.

A check for $490 returned with the statement had been incorrectly charged by the bank as $940.

A check for $850 returned with the statement had been recorded by Brentwood Bike Co. as $580. The check was for the payment of an obligation to Adkins Co. on account.

Bank service charges for May amounted to $40.

A check for $1,150 from Jennings Co. was returned by the bank because of insufficient funds.

Instructions:

1. Prepare a bank reconciliation as of May 31.

2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not

been closed. For a compound transaction, if an amount box does not require an entry, leave it blank.

3. If a balance sheet were prepared for Brentwood Bike Co. on May 31, what amount should be reported as cash?
$

1. The measure of shareholder wealth

According to finance theory, firms should attempt to maximize the _________ (short-term or long-term) the long-term price of the firm’s common stock. The benefit to this objective is that it provides the best financial outcome for the firm’s _______ (owners or creditors) . **side note: I think this question has a typo with long-term being added in twice

To expand his portfolio, Jorge recently purchased 400 shares of common stock in the American Power Corporation, a utility firm in Georgia. The current market price of APC’s common stock is $27.50 per share. Jorge’s total wealth from his investment in American Power Corporation is _______ ($19,250 or $7,150 or $12,650 or $11,000.00).

Two years have passed since Jorge purchased his 400 common shares in the American Power Corporation. The market price of the company’s shares is now $17.88 per share. As a result, Jorge’s wealth from his investment in APC has ______ (not changed, increased, or decreased) by _______ ($2,963.60 or $6,734 or $2,501.20 or -$3,848.00) assuming that everything else remains constant.

How did the spirit of Manifest Destiny and federal policies guide the outcome of Native American tribes on the Great Plains and west of the Great Plains? 

How do you think immigration policies today facilitate immigration to the United States?

Deletion of Product Line

St. Gallen American School is an international private elementary school. In addition to regular classes, after-school care is provided between 3:00 pm and 6:00 pm at CHF 10 per child per hour. Financial results for the after-school care for a representative month are as follows:

The director of St. Gallen American School is considering discontinuing the after-school care services because it is not fair to the other students to subsidize the after-school program. He thinks that eliminating the program will free up CHF 1,300 a month to support regular classes.

1. Compute the financial impact on St. Gallen American School from discontinuing the after-school care program.
2. List three qualitative factors that would influence your decision

.Belinda wants to buy a second-hand car and visits a number of car dealers before deciding to purchase an as new 1998 Ford Mustang from American Car Sales. The sales person, Jaxson, tells Belinda that the car was manufactured in 1998 and had only done 54,000 kms. Three months later, Belinda has the Mustang serviced with her local mechanic who was a Mustang enthusiast. He comments on the fact that the car was in pretty good condition for a 1994 Mustang, though he was surprised that it had only done 54,000 kms. He would not have been surprised if it had done 100,000 kms. Belinda makes further inquiries and discovers that the Mustang was in fact made in 1994 and she has paid about $5,000 more than the actual market value of the car. Belinda intends to approach American Car Sales about this issue. Does Belinda have any contractual rights against American Car Sales? (10marks) Required: You are expected to discuss legal rules learned regarding terms of a contract, in particular statements and representations, and conditions and warranties.

10. According to a 2018 report, the mean amount of data used by all smartphone users with unlimited data plans was 4.87 GB per month. A company would like to determine if the mean amount of data used per month by smartphone user is different that it was in 2018. In order to investigate the issue, random sample of 900 smartphone users was selected.

Determine the null and alternative hypotheses:

H0=

HA=

A Type I error in the context of this problem would be:

A Type II error in the context of this problem would be:

11. According to a report published last year by Pew Research, 23% of all American adults lived in a middle-class household. This year, an economist collected data from a random sample of 1210 American adults in order to determine if the percent of American adults who live in a middle-class household is lower than 23%. State the hypotheses and explain the possible Type 1 and Type 2 errors.

Determine the null and alternative hypotheses:

H0=

HA=

A Type I error in the context of this problem would be:

A Type II error in the context of this problem would be:

the nurse is starting a norepinephrine infusion at 0.03 mcg/kg/minute. pharmacy supplies the medication as norepinephrine 8 mg/350 ml 0.9 % sodium chloride. what rate in ml/he will the nurse program the infusion pump? round to the nearest 10 th decimal place

A group of retailers will buy 84 televisions from a wholesaler if the price is $400 and 124 if the price is $350. The wholesaler is willing to supply 76 if the price is $315 and 156 if the price is $405. Assuming the resulting supply and demand functions are linear, find the equilibrium point for the market.

(q, p) = ( , )