Please write a minimum of 150 words each
6. When is revenue earned and therefore should be recognized?
7. When a company pays $10,000 for insurance that will cover it for two years, the transaction is not immediately recognized as an expense. Explain why.
8. Distinguish between cash flows resulting from operating activities, financing activities, and investing activities.
In: Accounting
Refer to the accompanying data set of mean drive-through service
times at dinner in seconds at two fast food restaurants. Construct
a 99% confidence interval estimate of the mean drive-through
service time for Restaurant X at dinner; then do the same for
Restaurant Y. Compare results.
Construct a 99% confidence interval of the mean drive-through
service times at dinner for Restaurant X.
Restaurant X Restaurant Y
85 104
117 130
119 149
151 119
262 174
183 130
125 114
148 127
157 129
216 130
336 129
308 141
175 227
111 209
151 294
145 123
92 93
233 138
235 240
181 146
155 140
196 206
164 147
120 146
60 134
203 146
181 157
114 131
136 167
174 130
184 238
194 238
227 252
194 234
350 234
307 165
210 88
198 104
183 51
185 168
103 77
147 148
176 144
161 101
172 122
155 144
168 126
119 184
140 154
312 126
In: Statistics and Probability
For the last 7 years, Joseph has made deposits of $150.00 at the end of every year earning interest at 6 % compounded annually. If he leaves the accumulated balance for another 8 years at 5 % compounded semi dash annually comma what will the balance be in the account?
The balance will be $________.
In: Finance
The Wolfson Group (WG) provides tax advice to multinational firms. WG charges clients for (a) direct professional time (at an hourly rate) and (b) support services (at 30% of the direct professional costs billed). The three professionals in WG and their rates per professional hour are as follows:
Professional
Billing Rate per Hour
Matthew Wolfson 500
Ashley Bryant 130
Jack Anderson 60
WG has just prepared the May 2017 bills for two clients. The hours of professional time spent on each client are as follows:
|
Hours per Client |
||
|---|---|---|
|
Professional |
Seattle Dominion |
Ackerman Enterprises |
|
Wolfson |
11 |
2 |
|
Bryant |
2 |
6 |
|
Anderson |
17 |
22 |
|
Total |
30 |
30 |
|
1. |
What amounts did WG bill to Seattle Dominion and Ackerman Enterprises for May 2017? |
|
2. |
Suppose support services were billed at $40 per professional
labor-hour (instead of 30% of professional labor costs). How
would this change affect the amounts WG billed to the two clients
for May 2017? Comment on the differences between the amounts billed in requirements 1 and 2. |
|
3. |
How would you determine whether professional labor costs or professional labor-hours is the more appropriate allocation base for WG's support services? |
In: Accounting
An observational study of a group of students was conducted, and students were classified in two ways. First, they were each classified as to whether or not they were FullTime or PartTime. Second, they were each classified as to which of two colleges they were in, COS (college of sciences) or CBA (college of business administration). From that data, the following partial joint probability table was constructed.
| FullTime | PartTime | ||
| COS | 7/23 | 3/23 | ? |
| CBA | 8/23 | ? | 13/23 |
| 15/23 | 8/23 |
1 |
Please answer the following questions about the probability of drawing students at random from this group according to the table above. Please keep your answers as fractions (e.g., "3/7").
In: Statistics and Probability
Sales of tablet computers at Ted Glickman's electronics store in Washington, D.C., over the past 10 weeks are shown in the table below: Week 1 2 3 4 5 6 7 8 9 10 Demand 21 21 28 36 26 29 35 20 25 30 a)
The forecast for weeks 2 through 10 using exponential smoothing with alpha = 0.55 and a week 1 initial forecast of 21.0 are (round your responses to two decimal places): Week 1 2 3 4 5 6 7 8 9 10
Demand 21 21 28 36 26 29 35 20 25 30
Forecast 21.0 21 21 24.85 30.98 28.24 28.65 32.14 25.46 25.20
b) For the forecast developed using exponential smoothing (alpha = 0.55 and initial forecast 21.0), the MAD = nothing sales (round your response to two decimal places).
C. Tracking signal
In: Statistics and Probability
Create a function called merge that takes two int vectors (x and y) as argument and returns an int vector (z) that is the result of merging the two vectors x and y. Here is an example to explain how the merge function works: If the vector x has the following values: 1 2 3 4 5, and the vector y has the following: 6 7 8 9 10 11 12, then the merging vector z will have: 1 6 2 7 3 8 4 9 5 10 11 12. This means: z[0] = x[0], z[1]=y[0], z[2]=x[1], z[3]=y[1], z[4]=x[2], z[5]=y[2],... If the size of the vector x is bigger than the size of the vector y, when x is entirely copied to z, the rest of x will be copied next. If y is bigger, the rest of y is copied when x is entirely copied to z.
Language: c++
In: Computer Science
Suppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks.
| Week | Sales (1,000s of gallons) |
|---|---|
| 1 | 17 |
| 2 | 22 |
| 3 | 20 |
| 4 | 24 |
| 5 | 19 |
| 6 | 17 |
| 7 | 21 |
| 8 | 18 |
| 9 | 23 |
| 10 | 21 |
| 11 | 16 |
| 12 | 22 |
(a)
Compute four-week and five-week moving averages for the time series.
| Week | Time Series Value |
4-Week Moving Average Forecast |
5-Week Moving Average Forecast |
|---|---|---|---|
| 1 | 17 | ||
| 2 | 22 | ||
| 3 | 20 | ||
| 4 | 24 | ||
| 5 | 19 | ||
| 6 | 17 | ||
| 7 | 21 | ||
| 8 | 18 | ||
| 9 | 23 | ||
| 10 | 21 | ||
| 11 | 16 | ||
| 12 | 22 |
(b)
Compute the MSE for the four-week moving average forecasts. (Round your answer to two decimal places.) __________
Compute the MSE for the five-week moving average forecasts. (Round your answer to two decimal places.) ____________
In: Math
2. Given the following cashflows, calculate both the NPV and the IRR for a project with a 7% cost of capital.
Initial Outlay = $100,000
Year 1 = $50,000
Year 2 = $40,000
Year 3 = $30,000
Year 4 = $10,000
In: Finance
Q1. There is a choice of investing in two mutually exclusive machines whose life is 8 years. A costs $11 million and will produce inflows of $5 million per year for 4 years. If A was replaced, its cost would be $12.5 million due to inflation and its cash inflows would increase to $5.5 million due to production efficiencies. Machine B costs $15 million and will provide after-tax inflows of $4.5 million per year for 8 years. If the WACC is 10%, which machine should be acquired? Solve using a financial calculator. Do it manually. Do not use Excel!
In: Finance