Questions
You visit a national park with your friend one weekend. You encounter an old railroad tunnel...

You visit a national park with your friend one weekend. You encounter an old railroad tunnel which is very dark and you are not sure if the tunnel is blocked on the other end. You happen to have a frequency generator app on your cell phone frequency. You decide that to generate resonances in the tunnel with your app. You hear successive resonances at 55Hz, 57.5 Hz, 60Hz, 62.5 Hz …etc. (I) Can you use this information alone to determine if the tunnel opened or closed at the other end? (II) What is the length of the tunnel? (III) What is the maximum number of resonances you can produce in this tunnel between 50 Hz and 100 Hz?   Use 343.0 m/s for the speed of sound in air. (

In: Physics

Please use IRAC. 1. Bob, a sole proprietor, owns a well-know aquatic park in the city...

Please use IRAC.

1. Bob, a sole proprietor, owns a well-know aquatic park in the city of Bakersfield. One day, one of Bobs worst employees was messing around with the music system set up in the back. Without acknowledgement, Bob’s worst employee tripped on a wire and accidentally cut the wire to the point were there was a dangerous shortage. John, Bob’s newest employee noticed the accident and immediately notified Bob. Without taking a second look, Bob told John, “I am sure it’s not big deal, just get back to work.” Next week, a child was playing near the pool in the back and when jumping in the pool, the child tripped on the cord and got electrocuted. The child had 3rd degree burns resulting in a hospital bill of $160,000. The child’s mother consults with you and asks whether they have a personal injury claim against Bob, even though it was Bob’s employee’s fault?

Please use IRAC.

In: Accounting

Emma has noticed a small red fox living in the park near her apartment. She takes...

Emma has noticed a small red fox living in the park near her apartment. She takes a walk at the same time every day and has observed the fox in three different areas: in the woods, in the meadow, and by the pond.

If it is in the woods on one observation, then it is twice as likely to be in the woods as in the meadow on the next observation but not by the pond.

If it is in the meadow on one observation, then it is equally likely to be in any of the three locations on the next observation.

If it is by the pond on one observation, there is a 0.5 probability it will be by the pond on the next observation and will otherwise be in the woods.

When Emma went for a walk today, the red fox was in the woods.

a. Define the states and construct the transition matrix for this Markov chain.

b. Find the initial distribution vector for this Markov Chain.

c. Determine the probability that the red fox is in each of the three areas tomorrow.

If this trend continues, what is the probability the red fox will be in the meadow in the long run?

Show all work to support your answer. Correct answers without supporting work will not receive credit.

In: Statistics and Probability

Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service...

Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job J57 and Job K52 involve 15 acres of landscaped terrain, which will require special-order, sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December.

Raw materials were requisitioned from the company’s inventory on December 2 for $5,016; on December 8 for $1,050; and on December 14 for $3,444. In each instance, two-thirds (2/3) of these materials were for J57 and the rest for K52.

Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $15.5 per hour. The time tickets were dated December 3, December 9, and December 15. On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for J57 and the rest for K52.

The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,093 hours, and the anticipated overhead costs are $837,200 for the year. The machines were used by workers on projects K52 and J57 on December 3, 9, and 15. Six machine hours were used for project K52 (2 each day), and 8.5 machine hours were used for project J57 (2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 200 sprinkler heads for J57 and 100 sprinkler heads for K52.

Additional job order activities during this period included:
Dec. 1 Purchased raw materials from Durbin Supply Company on account for $52,700.
Dec. 2 Issued $40,000 of direct materials from the company’s inventory to jobs other than K52 and J57 and $3,000 of indirect materials.
Dec. 12 Paid Waterways’ factory salaries and wages for $64,900.
Dec. 13 Paid the factory’s water bill of $8,900.
Dec. 18 Transferred $50,500 of costs from other completed jobs to finished goods.
Dec. 21 Paid the factory’s electric bill of $12,100 for Waterways’ factory.
Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $12,100, prepaid insurance of $8,700, and accumulated depreciation of $16,000.

Set up the job cost sheets for Job No. J57 and Job No. K52. Determine the total cost for each manufacturing special order for these jobs. (Round unit costs to 2 decimal places, e.g. 12.25.)

Journalize the activities from these job cost sheets in the general journal. Also, journalize the other costs that occurred during this period. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.)

Date

Account Titles and Explanation

Debit

Credit

Assuming that Manufacturing Overhead has a debit balance of $3,600, determine whether overhead has been under/over applied and make the adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

In: Accounting

41-Quay, the owner of RV Park, trusts Sara to manage the resort’s daily cash flow. One...

41-Quay, the owner of RV Park, trusts Sara to manage the resort’s daily cash flow. One night, without Quay’s knowledge or consent, Sara takes and keeps $1,000 from the receipts. This is most likely

a.

embezzlement.

b.

no crime.

c.

robbery.

d.

larceny.

42-Olinda, an employee of People’s Bank, deposits into her account checks entrusted to the bank through its ATM system by customers to deposit into their accounts. This is

a.

embezzlement.

b.

robbery.

c.

wire fraud.

d.

larceny.

43-Franny is charged with a crime. Almost all federal courts and some state courts would not hold Franny liable if, at the time of the offense, as a result of a mental disease or defect, she lacked substantial capacity to obey the law and to appreciate

a.

the wrongfulness of her conduct.

b.

the power of the police.

c.

the fruits of her crime.

d.

the authority of the court.

44-Quint, an employee of Reservations Inc. pays Sienna, an employee of Reservations’ competitor Travel Inc., for a list of Travel’s clients. This is most likely

a.

bribery of a public official.

b.

no crime.

c.

commercial bribery.

d.

bribery of a foreign official.


45-Lloyd is accused of a crime. Evidence of his allegedly criminal activities can be excluded from a trial

a.

if the evidence will be used to prosecute him.

b.

if the evidence is “fruit of the poisonous tree.”

c.

under no circumstances.

d.

if the police do not promise to keep the evidence confidential.

In: Accounting

Park Company reported the following in the statement of shareholders’ equity at 1/1/18: Common stock, $5...

Park Company reported the following in the statement of shareholders’ equity at 1/1/18:

Common stock, $5 par value, authorized 200,000 shares,

      issued 100,000                                                                              $   500,000

Additional paid-in capital 1,500,000

Retained earnings 516,000

                                                                                                            $2,516,000

Less:  treasury stock, at cost, 5,000 shares (40,000)

Total shareholders’ equity $2,476,000

The following events occurred in 2018:

       3/1       1,000 shares of treasury stock were sold for $10,000

6/15     A 30% stock dividend was declared when the market value of the stock was $11.  The shares will be distributed on 7/31 to holders of record on 7/1.

       9/9      9,000 of previously unissued common stock sold for $12 per share.

      10/1     A 2-for-1 stock split resulted in the common stock’s par value being halved.

12/15   A cash dividend of $.50 per share was declared.

12/31   Net income for 2018 was $473,500.

Required:  

Prepare the journal entries required for the 2018 events affecting equity.

Prepare the equity section of the balance sheet at 12/31/18.

Show all formulas explaining how you derived to your answer

In: Accounting

Sun City Limited commences construction of a multi-purpose water park on 1 July 2014 for Pretoria...

Sun City Limited commences construction of a multi-purpose water park on 1 July 2014 for Pretoria Limited. Sun City Limited signs a fixed-price contract for total revenues of $50 million. The project is expected to be completed by the end of 2017 and Pretoria Limited controls the asset throughout the period of construction. The expected cost as at the commencement of construction is $38 million. The estimated costs of a construction project might change throughout the project—in this example, they do change. The following data relates to the project (the financial years end on 30 June):

2015 ($m)

2016 ($m)

2017($m)

Costs for the year

10

18

12

Costs incurred to date

10

28

40

Estimated costs to complete

28

12

Progress billings during the year

12

20

18

Cash collected during the year

11

19

20

Required

(a)     Using the above data, compute the gross profit to be recognised for each of the three years, assuming that the outcome of the contract can be reliably estimated.  

(b) Prepare the journal entries for the 2015 financial year using the percentage-of-completion method.

(c) Prepare the journal entries for the 2015 financial year, assuming the stage of completion cannot be reliably assessed.

In: Accounting

Sunny Park Tailors has been asked to make three different types of wedding suits for separate...

Sunny Park Tailors has been asked to make three different types of wedding suits for separate customers. The table below highlights the time taken in hours for cutting and sewing? (process1) and delivery? (process2) of each of the suits.

Times Taken for Different Activities? (hours)

Suit

Cut and Sew

Deliver

11

44

22

22

77

77

33

66

55

Assume that orders for suits have been listed in the above table in the order in which they were received.

Using the FCFS rule for? scheduling,the sequence is:

The options are:  

2-3-1

3-2-1

1-2-3

1-3-2

2-1-3

3-1-2

For the schedule developed using the FCFS? rule, the total length of time taken to complete the three suits?(including delivery)? = _____hours ?(enter your response as a whole? number).

Using? Johnson'srule for? 2-machinescheduling, the sequence is:

The options are:  

2-3-1

1-3-2

3-2-1

3-1-2

1-2-3

2-1-3

For the schedule developed using the? Johnson's rule, the total length of time taken to complete the three suits? (including delivery)? = _______hours ?(enter your response as a whole? number).

Of the two developed? schedules,_______rule gets the schedule finished sooner.

The options are: FCFS or Johnsons

In: Operations Management

Q1. James, a high school guidance counselor in South Park, Colorado, has purchased several corporate and...

Q1.

James, a high school guidance counselor in South Park, Colorado, has purchased several corporate and government bonds over the years, and his total bond investments now exceeds $40,000. His kid brother Patrick, a highly paid physician, has more than $150,000 invested in various blue-chip income stocks in a variety of industries.

a. Justify James’s attitude toward bond investments.

b. Justify Patrick’s attitude toward stock investments.

Q2.

Ji Wu of Troy, New York, has $5,000 that he wants to invest in the stock market. Ji is in college on a scholarship and does not plan to use the $5,000 or any dividend income for another five years, when he plans to buy a home. He is currently considering a small company stock selling for $25 per share with an EPS of $1.25. Last year, the company earned $900,000, of which $250,000 was paid out in dividends.

a. Select two ways of evaluating stocks using corporate earnings that you think Ji would utilize when investing in stocks. Explain why.

In: Economics

Madison Park Co-op, a whole foods grocery and gift shop, has provided the following data to...

Madison Park Co-op, a whole foods grocery and gift shop, has provided the following data to be used in its service department cost allocations: Service Departments Operating Departments Administration Janitorial Groceries Gifts Departmental costs before allocations $210,000 $60,000 $3,900,000 $350,000 Employee-hours 490 300 2,750 150 Space occupied—square feet 800 1,300 9,400 600 Required: Using the step-down method, allocate the costs of the service departments to the two operating departments. Allocate Administration first on the basis of employee-hours and then Janitorial on the basis of space occupied. (Please enter allocations from a department as negative and allocations to a department as positive. The line should add across to zero. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)

In: Accounting