The Aluminum Association reports that the average American uses 56.8 pounds of aluminum in a year. A random sample of 50 households is monitored for one year to determine aluminum usage. If the population standard deviation of annual usage is 12.3 pounds, what is the probability that the sample mean will be each of the following? Appendix A Statistical Tables

a. More than 60 pounds

d. Less than 55 pounds

case : The mother of a 17 year old girl brings her daughter to the doctor after she experiences a number of fainting spells and lethargy. The mother states that her daughter eats practically nothing and is obsessed with exercise and losing weight. Her daughter states that she feels fat if she eats more. The girl is 5’6” and weighs 90 pounds. Physical examination shows loose skin folds and an abnormally low percentage of body fat.

1- What vitamin supplements would you recommend that she take? Consider all the pathways that are active in her current state. List these pathways and the cofactors and the corresponding vitamins needed by the enzymes in each of these pathways.

• If you were an investor in a rent-to-own business that takes more than a year to collect revenues while the customers take immediate possession of the goods: Would you prefer to have the income statement prepared by cash basis or by accrual basis and why?

***A 7-year-old Virginia boy set fire to a building. As a result of the blaze, a 66-year-old woman died. The boy was charged with second-degree murder. Could the boy be morally responsible for the crime of murder? If so, what circumstances might increase or diminish his responsibility?

***Five New Jersey teenagers were drinking beer by the railroad tracks near their home when they heard a train approaching. They decided to throw a track switch and sent the train careening off the tracks, down a siding, and through the brick wall of a building. The crash killed the engineer, critically injured one passenger, and caused an estimated $5.5 million in property damage. Discuss the teenagers’ moral responsibility for their act in light of the circumstances in which it took place.

Abebio Limited is a listed company with a year end of 31 December 2019. A director of the company has a number of questions relating to the application of International Financial Reporting Standards (IFRS Standards) in its financial statements for the year ended 31 December 2019. The questions appear in notes 1–3.
Note 1 – Pending legal cases
At a recent board meeting, we discussed legal cases which customers A and B are bringing against Abebio in respect of the supply of products which were allegedly faulty. We supplied the goods in the last three months of the financial year.
We have reliably estimated that if the actions succeed, we are likely to have to pay out GHS10 million in damages to customer A and GHS8 million in damages to customer B. Also, Abebio’s legal advisers have reliably estimated that there is a 60% chance that customer A’s claim will be successful and a 25% chance that customer B’s claim will be successful.
I know we have insurance in place to cover us against claims like this. It is highly probable that any claims which were successful would be covered under our policy. Therefore, I would have expected to see a provision for legal claims based on the likelihood of the claims succeeding. However, I would also have expected to see an equivalent asset in respect of amounts recoverable from the insurance company. The financial statements do contain a provision for GHS10 million but no equivalent asset. Disclosure of the information relating to both of the claims and the associated insurance is made in the notes to the financial statements.
Required:
Given the above facts, discuss the correct accounting treatment of the pending legal cases.

a) The financial data of DAMANGO FORESST RESERVE for the year ended 2019 is set
below
Income statement for the year ending 31/12/2019
GHS GHS
Sales 120,000
COGS:
Inventory @ beginning 16,000
Purchases 76,000
Closing inventory (12,000)

?
Gross profit............... ?
Estimate:
i) The stock turnover ratio (2marks)
ii) The Margin (2marks)
iii) Returns on cost of sales (2marks)

b) Siaw Ltd has been legally permitted to offer 1,000,000 shares of Gh¢1.50 each. The company
has issued 700,000 shares. None of the shares has been fully paid up. So far the entity has made
calls of 80pesewas (GH¢0.80) per share. All the calls have been paid by holders except for
200,000 owing from one shareholder.
Required: Estimate the following
i) Paid up capital (1mark)
ii) The unpaid up capital (1mark)
iii) Value of shares floated (1mark)
iv) The unissued share capital (1mark)
v) The uncalled up capital (1mark)
vi) Authorized share capital (1mark)

A family has a $ 113,739 25​-year mortgage at 5.4 % compounded monthly. ​(A) Find the monthly payment and the total interest paid. ​(B) Suppose the family decides to add an extra​ $100 to its mortgage payment each month starting with the very first payment. How long will it take the family to pay off the​ mortgage? How much interest will the family​ save? ​(A) Monthly​ payment: ​$ nothing ​(Round to two decimal​ places.)

At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars):

Looking ahead to the following year, the company's CFO has assembled this information:

• Year-end sales are expected to be 5% higher than the $3 billion in sales generated last year.
• Year-end operating costs, excluding depreciation, are expected to equal 80% of year-end sales.
• Depreciation is expected to increase at the same rate as sales.
• Interest costs are expected to remain unchanged.
• The tax rate is expected to remain at 25%.

On the basis of that information, what will be the forecast for Roberts' year-end net income? Enter your answer in millions. For example, an answer of $25,400,000 should be entered as 25.40. Do not round intermediate calculations. Round your answer to two decimal places.

$    million

The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company.  

  
Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Nelson Company uses a perpetual inventory system.
  
Additional Information:

Store supplies still available at fiscal year-end amount to $1,750.

Expired insurance, an administrative expense, for the fiscal year is $1,400.

Depreciation expense on store equipment, a selling expense, is $1,525 for the fiscal year.

To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,900 of inventory is still available at fiscal year-end.

Required:

1. Using the above information prepare adjusting journal entries:
2. Prepare a multiple-step income statement for fiscal year 2017.
3. Prepare a single-step income statement for fiscal year 2017.

4. current ratio, Acid test ratio, Gross margin ratio

Milea Inc. experienced the following events in 2018, its first year of operations:

1. Received $14,500 cash from the issue of common stock.
2. Performed services on account for $45,000.
3. Paid the utility expense of $1,200.
4. Collected $30,150 of the accounts receivable.
5. Recorded $7,100 of accrued salaries at the end of the year.
6. Paid a $1,100 cash dividend to the stockholders.

2. Prepare the income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for the 2018 accounting period.

• Req B1
• Req B2
• Req B3
• Req B4

Prepare the income statement.

• Req B2
• Req B3
• Req B4

Prepare the statement of changes in stockholders’ equity.

Prepare the balance sheet.

Prepare the statement of cash flows for the 2018 accounting period. (Amounts to be deducted should be indicated with a minus sign.)