Questions
During the first 13 weeks of the television season, the Saturday evening 8:00 p.m. to 9:00...

During the first 13 weeks of the television season, the Saturday evening 8:00 p.m. to 9:00 p.m. audience proportions were recorded as ABC 30%, CBS 27%, NBC 26%, and independents 17%. A sample of 300 homes two weeks after a Saturday night schedule revision yielded the following viewing audience data: ABC 94 homes, CBS 71 homes, NBC 88 homes, and independents 47 homes.

Test with α = 0.05 to determine whether the viewing audience proportions changed.

Find the value of the test statistic. (Round your answer to three decimal places.)

Find the p-value. (Round your answer to four decimal places.)

p-value =

In: Statistics and Probability

T cards are drawn from a deck of cards, with replacement. Assuming there are no Jokers...

T cards are drawn from a deck of cards, with replacement. Assuming there are no Jokers (i.e. a deck of 52 cards) and rounding your answers to three decimal places, calculate the probability that:

a. the Hth card is a heart and the (H+F)th card is an ace. Ans.___________

b. the (L)th card is a King and the (2*H)th card is a King. Ans.___________

c. the (F+L)th card is a red and the (T-H)th card is red. Ans.___________

d. the (H+F)th card is odd and the (H+2*F)th card is even. Ans.___________

H = 6

T = 27

F = 3

L = 7

S = 47

Please do it correctly and need to show steps

In: Statistics and Probability

In September 2008, at the age of 35, Haile Gebrselassie, won the Berlin Marathon with a...

In September 2008, at the age of 35, Haile Gebrselassie, won the Berlin Marathon with a world record time of 2:03:59, breaking his own world record by 27 seconds (twenty-six 4 minute and 45 second miles). The record stood for three years. Since he was over the age of 35, that mark stood as the Masters Age group world record until September of 2019. Though he is considered one of the great distance runners of all time, he cannot run a 4-minute mile! He could not at age 35 either, so age is not the issue.

Describe at least two physiologic reasons why he is unable to do this

In: Anatomy and Physiology

Esperado Furnishings are retailers who purchase and sell household furnishings, including table lamps. The business uses...

Esperado Furnishings are retailers who purchase and sell household furnishings, including table lamps. The business uses a perpetual inventory system and adjusts cost of goods sold for any shortage or excess inventory. The business began the last quarter of 2018 with merchandise inventory of 10 pairs of “Italia” table lamps at a total cost of $168,200.

The following transactions, relating to the “Italia” brand were completed during the quarter: October 5 Purchased 15 pairs of lamps at a cost of $17,020 per pair. October 14 Sold 18 pairs of lamps to Muller Furnishings at $22,250 per pair October 22 Purchased 24 pairs at a cost of $18,175 per pair but the supplier gave a 4% quantity discount. November 10 Sold 15 pairs of lamps to Orion Household Ltd and 10 pairs to Brown’s Furnishings which yielded total sales revenue of $589,750. November 12 Owing to an increased demand for this product, 30 pairs of lamps were purchased on account at a cost of $17,612 per pair. In addition, Esperado paid $288 in cash on each pair of lamps to have the inventory shipped from the vendor’s warehouse to Esperado’s showroom. November 27 Sold 23 pairs of lamps to Middletown Company at a price of $25,080 per pair. November 30 An actual count of inventory was carried out which revealed that there were 15 pairs of the “Italia” brand in the warehouse. December 2 In preparation for the festive season, Esperado purchased 25 pairs of lamps at a total cost of $474,500. December 15 5 pairs of the lamps purchased on December 2 were returned to the supplier, as they were not of the brand ordered. December 30 Sold 22 pairs of lamps to two customers (Omega Traders & Middleton Furnishings) at a selling price of $26,550 per pair. All purchases were on account and received on the dates stated. Required:

  1. iv) Assuming that Esperado sold 86 pairs of “Italia” brand of lamps during the quarter; determine the value of ending inventory and cost of goods sold assuming the business used the periodic system and the LIFO method? (5 m

In: Accounting

On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances:...

On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances:

Accounts Debit Credit
Cash $ 22,900
Accounts Receivable 39,000
Allowance for Uncollectible Accounts $ 4,100
Inventory 35,000
Land 69,100
Accounts Payable 29,900
Notes Payable (12%, due in 3 years) 35,000
Common Stock 61,000
Retained Earnings 36,000
Totals $ 166,000 $ 166,000

The $35,000 beginning balance of inventory consists of 350 units, each costing $100. During January 2021, Big Blast Fireworks had the following inventory transactions:

January 3 Purchase 1,400 units for $154,000 on account ($110 each).
January 8 Purchase 1,500 units for $172,500 on account ($115 each).
January 12 Purchase 1,600 units for $192,000 on account ($120 each).
January 15 Return 125 of the units purchased on January 12 because of defects.
January 19 Sell 4,600 units on account for $690,000. The cost of the units sold is determined using a FIFO perpetual inventory system.
January 22 Receive $665,000 from customers on accounts receivable.
January 24 Pay $495,000 to inventory suppliers on accounts payable.
January 27 Write off accounts receivable as uncollectible, $3,000.
January 31 Pay cash for salaries during January, $119,000.

The following information is available on January 31, 2021.

  1. At the end of January, the company estimates that the remaining units of inventory are expected to sell in February for only $100 each.
  2. The company estimates future uncollectible accounts. The company determines $4,500 of accounts receivable on January 31 are past due, and 40% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 4% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.)
  3. Accrued interest expense on notes payable for January. Interest is expected to be paid each December 31.
  4. Accrued income taxes at the end of January are $12,800.

I ONLY NEED HELP WITH A-D (all of the January 31st journal entries plus recording the closing entry for revenue and expenses.

In: Accounting

Please indicate if the statement below is true or false. If the statement is false, indicate and make the correction to make the statement true.

Modified True/False

Please indicate if the statement below is true or false.  If the statement is false, indicate and make the correction to make the statement true.   Each question is worth 5 points (there is a bonus).  Partial answer (that is, the statement is false, but your correction is wrong) will get ½ credit.

1.  General obligation bonds are less restrictive than revenue backed bonds with few limitations regarding the amount that can be issued.

True/False       ____________________                                

Correction to make true ___________________________________________________________________________________

2.   When issuing revenue backed bonds, receipts from all issuing governments sources are pledged to pay the interest and principal back to the bond purchasers.

True/False  _______________________

Correction to make true

____________________________________________________________________________________

3.  The theory of tax expenditures is what drives the rationale for investors to purchase State/local bonds of either type (general obligation/revenue backed)

True/False________________________

Correction to make true

___________________________________________________________________________________

4.  The Federal American Recovery Act, signed into law by President Obama, provided a mechanism that achieved the goals of federal grant policy by correcting for externalities and providing for a macroeconomic stabilizing mechanism.

True/False _____________________

Correction to make true

____________________________________________________________________________________

5. Intergovernmental grants do not provide a mechanism in which you can effectively substitute the granting government’s tax revenue for that of the recipient government.

True/False ___________________

Correction to make true

____________________________________________________________________________________

6.  Financing government expenditure through a user fee is similar to tax financing because in both revenue streams there is always a direct relationship between the amount of payment and the level of service received.  

True/False ________________

Correction to make true

____________________________________________________________________________________

In: Economics

1. Felicia Álvarez, a bakery manager, faces the total product curve shown, which gives the relationship...

1. Felicia Álvarez, a bakery manager, faces the total product curve shown, which gives the relationship between the number of workers she hires each day and the number of loaves of bread she produces, assuming all other factors of production are given.

Number of workers per day

Loaves of bread

per day

Marginal Product

Marginal Revenue Product

0

0

1

400

2

700

3

900

4

1,025

5

1,100

6

1,150

Assume that bakery workers in the area receive a wage of $100 per day and that the price of bread is $1.00 per loaf.

  1. Fill in the columns above for Marginal Product and Marginal Revenue Product. (one should have dollar signs and one does not!)
  2. Plot the bakery’s marginal revenue product curve on a graph.
  3. Plot the bakery’s marginal factor cost curve on the same graph (see examples of what the graph should look like in section 14.1).
  1. How many workers will Ms. Álvarez employ per day? 4
  2. Suppose that the price of bread falls to $.75 per loaf. How will this affect the marginal revenue product curve for workers at the firm? Plot the new curve, label it MRP2.

  1. How will the shift in MRP affect the number of workers Ms. Álvarez hires?

  1. Suppose the price of bread rises to $1.50 per loaf. How will this affect the marginal revenue product curve for workers? Plot the new curve, label it MRP3.
  1. How will the shift in MRP affect the number of workers that Ms. Álvarez hires?

In: Economics

Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement,...

Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2015–2018 are as follows:

Service Revenue Collections Pretax Accounting
Income
  2015 $ 616,000 $ 581,000 $ 140,000
  2016 700,000 710,000 205,000
  2017 665,000 645,000 175,000
  2018 650,000 675,000 155,000

There are no differences between accounting income and taxable income other than the temporary difference described above. The enacted tax rate for each year is 40%.

(Hint: You may find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 2015–2018.)

Required:
1.

Prepare the appropriate journal entry to record Alsup's 2016 income taxes, Alsup’s 2017 income taxes and Alsup’s 2018 income taxes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands.)

No Event General Journal Debit Credit
1(2016) 1 Income tax expense
Deferred tax liability
Income tax payable
2(2017) 2 Income tax expense
Deferred tax liability
Income tax payable
3(2018) 3 Income tax expense
Deferred tax liability
Income tax payable

In: Accounting

PepsiCo Revenues ($ millions), 2005–2010 Quarter 2005 2006 2007 2008 2009 2010 Qtr1 6,585    7,205   ...

PepsiCo Revenues ($ millions), 2005–2010
Quarter 2005 2006 2007 2008 2009 2010
Qtr1 6,585    7,205    7,350    8,332 8,263   9,368
Qtr2 7,697    8,599    9,607    10,945 10,592   14,801
Qtr3 8,184    8,950    10,171    11,244   11,080   15,514
Qtr4 10,096    10,383    12,346    12,729   13,297  

18,155

(b) State the model found when performing a regression using seasonal binaries. (A negative value should be indicated by a minus sign. Round your answers to 4 decimal places.

yt =___ + _____t +_____ Q1 +_____ Q2 +______ Q3

In: Statistics and Probability

PepsiCo Revenues ($ millions), 2005–2010 Quarter 2005 2006 2007 2008 2009 2010 Qtr1 6,585    7,205   ...

PepsiCo Revenues ($ millions), 2005–2010
Quarter 2005 2006 2007 2008 2009 2010
Qtr1 6,585    7,205    7,350    8,333 8,263   9,368
Qtr2 7,697    8,599    9,607    10,945 10,592   14,801
Qtr3 8,184    8,950    10,171    11,244   11,080   15,514
Qtr4 10,096    10,383    12,346    12,729   13,297  

18,155

(b) State the model found when performing a regression using seasonal binaries. (A negative value should be indicated by a minus sign. Round your answers to 4 decimal places.

yt =___ + _____t +_____ Q1 +_____ Q2 +______ Q3

In: Statistics and Probability