2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 11,834 university students and found that 8,211 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
To calculate the required sample size, what value of Z* should we use in the formula below to calculate a 90% confidence interval within 4.62 percentage points? Give your answer to 4 decimal places.
n= p* (1-p*) (z*/ME)^2
In: Statistics and Probability
2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 12,887 university students and found that 8,014 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
To calculate the required sample size, what value ofME. should we use in the formula below to calculate a 90% confidence interval within 8.84 percentage points? Give your answer to 4 decimal places.
n=p*(1−p*)(z*ME)2
In: Statistics and Probability
2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 11,590 university students and found that 8,066 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
To calculate the required sample size, what value ofz*. should we use in the formula below to calculate a 90% confidence interval within 2.82 percentage points? Give your answer to 4 decimal places.
n=p*(1−p*)(z*ME)2
In: Statistics and Probability
2020 will see another presidential election! Did you see the pun there (2020, see)? For this assignment, prepare a short write up about who the presidential candidates for 2020 are and what forms of media, including social media, that you are seeing. Include in your write up if there are any of the ads that are resonating with you in terms of candidate electability.
In: Economics
The Murdock Corporation reported the following balance sheet
data for 2021 and 2020:
| 2021 | 2020 | |||||||
| Cash | $ | 88,475 | $ | 28,955 | ||||
| Available-for-sale debt securities (not cash equivalents) | 20,500 | 95,000 | ||||||
| Accounts receivable | 90,000 | 77,250 | ||||||
| Inventory | 175,000 | 154,000 | ||||||
| Prepaid insurance | 2,400 | 3,000 | ||||||
| Land, buildings, and equipment | 1,270,000 | 1,135,000 | ||||||
| Accumulated depreciation | (620,000 | ) | (582,000 | ) | ||||
| Total assets | $ | 1,026,375 | $ | 911,205 | ||||
| Accounts payable | $ | 85,340 | $ | 158,670 | ||||
| Salaries payable | 24,000 | 29,500 | ||||||
| Notes payable (current) | 34,000 | 85,000 | ||||||
| Bonds payable | 210,000 | 0 | ||||||
| Common stock | 300,000 | 300,000 | ||||||
| Retained earnings | 373,035 | 338,035 | ||||||
| Total liabilities and shareholders' equity | $ | 1,026,375 | $ | 911,205 | ||||
Additional information for 2021:
Required:
Prepare a statement of cash flows for 2021 in good form using the
indirect method for cash flows from operating activities.
(Amounts to be deducted should be indicated with a minus
sign.)
In: Accounting
Soccer Inc. had credit sales of $775,000 during 2020. At the end of 2020, the unadjusted ending balance in Soccer’s Allowance for Bad Debt account was $7,600, and the unadjusted balance in its gross accounts receivable account was $239,000. Soccer uses the percent of sales method to determine bad debt expense. Based on historical data, Soccer assumes that 1.163% of credit sales will prove to be uncollectible. Additionally, the company has a policy of writing-off any Account Receivable which is outstanding more than 75 days. As of 12/31/20, Soccer has Accounts Receivable balances totaling $2,000 outstanding over 75 days which need to be written off.
**You may round your answers to the nearest dollar.
(A) What journal entry would Soccer record to "Write-Off" Accounts Receivable?
(B) What journal entry would Soccer record to recognize 2020 Bad Debt Expense?
(C) What is the adjusted 12/31/2020 balance of Soccer's Gross Accounts Receivable? *(Show each calculation)
(D) What is the adjusted 12/31/2020 balance of Soccer's Allowance for Bad Debt? *(Show each calculation)
(E) What is the adjusted 12/31/2020 balance of Soccer's Net Accounts Receivable? *(Show each calculation)
In: Accounting
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In: Accounting
Pandemic Inc. provided the following comparative balance sheets for 2020 and 2019 and the 2020 income statement. Additional pertinent information is provided below.
- Fixed assets costing $8,000 with a book value of $3,000 were sold for $6,000.
- Long term investments costing $5,000 were sold for $5,000.
-Redeemed $5,000 of the bond issuance.
- Sold stock___________.
-Paid dividends_________.
All other transactions involved cash.
Be certain you have accounted for all the changes in the account line items somewhere in your 3 areas of SCF (ex. Fixed Assets account went from $28K to $40k - we did not just buy $12K this year....)
2020 2019
Cash $30,000 $16,000
Acct Receivable 7,000 5,000
Ppd Insurance 2,000 3,000
Inventory 13,000 11,000
L-T Investments 22,000 27,000
Fixed Assets 40,000 28,000
Acc Depreciation 8,000 6,000
Acct Payable 16,000 14,000
Interest Payable 4,000 ----000—
Taxes Payable 6,000 4,000
Bond Payable 20,000 25,000
Common Stock 21,000 20,000
APIC 3,000 0
Retained Earnings 36,000 21,000
Sales $120,000
-COGS - 60,000
Gross Profit 60,000
- Operating Expenses - 20,000
Income from Operations 40,000
+/- Other
Interest Expense -2,000
Gain on Sale of Equip +3,000
Taxable Income 41,000
-Tax -8,000
Net Income $33,000
Required: Prepare the Statement of Cash Flows for Operating, Investing and Financing using both the indirect and direct methods for Operating.
In: Accounting
At the beginning of 2020, Cameron Company's retained earnings was $212,000. For 2020, Cameron has calculated its pretax income from continuing operations to be $120,000. During 2020, the following events also occurred:
1. During July, Cameron sold Division M (a component of the company). The book values of Division M’s assets and liabilities are $300,000 and $100,000, respectively, at the time of
sale. The company sold Division M for cash $159,500. During 2020 before its sale, Division M recognized revenues of 100,000 and expenses of 61,000 (excluding income tax expense).
2. Cameron had 21,000 shares of common stock outstanding during all of 2020. It declared and paid a $1 per share cash dividend on this stock.
3. Cameron also paid $7,500 cash dividend to its preferred stockholders.
Required:
Assuming that all the “pretax” items are subject to a 21% income tax rate:
1. Complete the lower portion of Cameron's 2020 income statement, beginning with “Pretax
Income from Continuing Operations.”
2. Prepare an accompanying retained earnings statement.
In: Finance
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Assume the table below represents key economic data, including GDP, unemployment and inflation over the last 12 months. What is happening and what type of policy should be applied to bring the economy back to full-employment?
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In: Economics