Exhibit: Costco Customers.

Customers at Costco spend an average of $130 per trip (The Wall Street Journal, October 6, 2010). One of Costco’s rivals would like to determine whether Costco's customers spend more per trip. A survey of the receipts of 25 customers found that the sample mean was $135.25. Assume that the population standard deviation of spending is $10.50 and the spending follows a normal distribution (use the significance level 0.07).

Round your solutions for this Exhibit to 4 decimal places.

1. Refer to the Exhibit Costco Customers.

Provide the null and the alternative hypotheses.

Group of answer choices

H0:μ≤130;H1:μ>130H0:μ≤130;H1:μ>130

H0:μ≥130;H1:μ<130H0:μ≥130;H1:μ<130

H0:μ≤135.25;H1:μ>135.25H0:μ≤135.25;H1:μ>135.25

H0:μ=130;H1:μ≠130H0:μ=130;H1:μ≠130

2. Refer to the Exhibit Costco Customers.

Compute the test statistic.

3. Refer to the Exhibit Costco Customers.

Calculate the p-value for the test.

4. Refer to the Exhibit Costco Customers.

State your conclusion for the test using the p-value.

Group of answer choices

p-value < 0.07, so we reject H_o. Therefore, there is enough evidence to conclude that Costco’s customers spend more than $130 per trip.

p-value < 0.07, so we reject H_o. Therefore, there is not enough evidence to conclude that Costco’s customers spend more than $130 per trip.

p-value < 0.07, so we cannot reject H_o. Therefore, there is enough evidence to conclude that Costco’s customers spend more than $130 per trip.

p-value < 0.07, so we cannot reject H_o. Therefore, there is not enough evidence to conclude that Costco’s customers spend more than $130 per trip.

Journalize the July transactions. Use journal page 1. Post the July transactions from page J1 to the general ledger. Prepare a trial balance at July 31 using the running balance total for each account in the ledger. Journalize the adjusting entries. Use journal page 2. Post the July adjusting entries from page J2 to the general ledger. Prepare an adjusted trial balance at July 31 using the updated running balance total for each account in the ledger. Prepare the Income Statement for July. Prepare the Statement of Owners Equity for July. Prepare a classified Balance Sheet at July 31, 2019. Journalize the necessary closing entries. Use journal page 3. Post the July closing entries from page J3 to the general ledger. Prepare a post-closing trial balance at July 31. Alexis Mohamed opened Beachy-Kleen Cleaning Service on July 1, 2019. During July, the company completed the following transactions: July 1 Owner Alexis Mohamed invested $35,000 cash and $7,865 of cleaning equipment in the business. 1 Purchased a used truck for $12,500, paying $2,500 cash and the balance on account. 3 Purchased cleaning supplies for $1,973 on account. 5 Paid $1,800 on a one-year insurance policy, effective July 1. 12 Billed customers $3,927 for cleaning services. 15 Received $1,875 from customers for future cleaning services. 18 Paid $3,000 of amount owed on truck. 20 Paid $765 for employee salaries. 21 Collected $2,540 from customers billed on July 12. 25 Billed customers $5,750 for cleaning services. 31 Paid gasoline for the month on the truck, $287. 31 Owner Alexis Mohamed withdrew $1,200 for personal use. Adjustments: July 31 Earned but unbilled fees at July 31 were $1,936. Depreciation on truck for the month was $225. Earned $475 of payment received on July 15. One-twelfth of the insurance expired. An inventory count shows $492 of cleaning supplies on hand at July 31. Accrued but unpaid employee salaries were $469

Ledgers are needed as well as journals 1, 2 and 3.

Vernon Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter, it would be leased to the general public on demand. Vernon would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow:

Required

1. a.&b. Determine the payback period using the accumulated and average cash flows approaches. (Round your answers to 1 decimal place.)

a. Payback period (accumulated cash flows) = ? years

b. Payback period (average cash flows) = ? years

What does article mean?

Revenue Recognition

Revenue recognition for multiple-element arrangements requires judgment to determine if multiple elements exist, whether elements can be accounted for as separate units of accounting, and if so, the fair value for each of the elements.

Judgment is also required to assess whether future releases of certain software represent new products or upgrades and enhancements to existing products. Certain volume licensing arrangements include a perpetual license for current products combined with rights to receive unspecified future versions of software products and are accounted for as subscriptions, with billings recorded as unearned revenue and recognized as revenue ratably over the coverage period.

Software updates are evaluated on a case-by-case basis to determine whether they meet the definition of an upgrade, which may require revenue to be deferred and recognized when the upgrade is delivered. If it is determined that implied post-contract customer support (“PCS”) is being provided, revenue from the arrangement is deferred and recognized over the implied PCS term. If updates are determined to not meet the definition of an upgrade, revenue is generally recognized as products are shipped or made available.

Microsoft enters into arrangements that can include various combinations of software, services, and hardware. Where elements are delivered over different periods of time, and when allowed under U.S. GAAP, revenue is allocated to the respective elements based on their relative selling prices at the inception of the arrangement, and revenue is recognized as each element is delivered. We use a hierarchy to determine the fair value to be used for allocating revenue to elements: (i) vendor-specific objective evidence of fair value (“VSOE”), (ii) third-party evidence, and (iii) best estimate of selling price (“ESP”). For software elements, we follow the industry-specific software guidance which only allows for the use of VSOE in establishing fair value. Generally, VSOE is the price charged when the deliverable is sold separately or the price established by management for a product that is not yet sold if it is probable that the price will not change before introduction into the marketplace. ESPs are established as best estimates of what the selling prices would be if the deliverables were sold regularly on a stand-alone basis. Our process for determining ESPs requires judgment and considers multiple factors that may vary over time depending upon the unique facts and circumstances related to each deliverable.

Customers purchasing a Windows 10 license will receive unspecified updates and upgrades over the life of their Windows 10 device at no additional cost. As these updates and upgrades will not be sold on a stand-alone basis, we are unable to establish VSOE. Accordingly, revenue from licenses of Windows 10 is recognized ratably over the estimated life of the related device, which ranges between two to four years.

The new standard related to revenue recognition will have a material impact on our consolidated financial statements. See Note 1 – Accounting Policies in the Notes to Financial Statements (Part II, Item 8 of this Form 10-K) for further discussion

Cane Company manufactures two products called Alpha and Beta that sell for $215 and $160, respectively. Each product uses only one type of raw material that costs $7 per pound. The company has the capacity to annually produce 125,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Alpha Beta Direct materials $ 42 $ 21 Direct labor 35 28 Variable manufacturing overhead 23 21 Traceable fixed manufacturing overhead 31 34 Variable selling expenses 28 24 Common fixed expenses 31 26 Total cost per unit $ 190 $ 154 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars.

4. Assume that Cane expects to produce and sell 106,000 Betas during the current year. One of Cane’s sales representatives has found a new customer who is willing to buy 4,000 additional Betas for a price of $74 per unit. What is the financial advantage (disadvantage) of accepting the new customer's order?

5. Assume that Cane expects to produce and sell 111,000 Alphas during the current year. One of Cane's sales representatives has found a new customer who is willing to buy 26,000 additional Alphas for a price of $144 per unit; however pursuing this opportunity will decrease Alpha sales to regular customers by 12,000 units. a. What is the financial advantage (disadvantage) of accepting the new customer’s order? b. Based on your calculations above should the special order be accepted?

Assume that Cane normally produces and sells 106,000 Betas per year. What is the financial advantage (disadvantage) of discontinuing the Beta product line?

Assume that Cane normally produces and sells 106,000 Betas per year. What is the financial advantage (disadvantage) of discontinuing the Beta product line?

8. Assume that Cane normally produces and sells 76,000 Betas and 96,000 Alphas per year. If Cane discontinues the Beta product line, its sales representatives could increase sales of Alpha by 16,000 units. What is the financial advantage (disadvantage) of discontinuing the Beta product line?

9. Assume that Cane expects to produce and sell 96,000 Alphas during the current year. A supplier has offered to manufacture and deliver 96,000 Alphas to Cane for a price of $144 per unit. What is the financial advantage (disadvantage) of buying 96,000 units from the supplier instead of making those units?

10. Assume that Cane expects to produce and sell 71,000 Alphas during the current year. A supplier has offered to manufacture and deliver 71,000 Alphas to Cane for a price of $144 per unit. What is the financial advantage (disadvantage) of buying 71,000 units from the supplier instead of making those units? 11. How many pounds of raw material are needed to make one unit of each of the two products?

11. How many pounds of raw material are needed to make one unit of each of the two products?

12. What contribution margin per pound of raw material is earned by each of the two products? (Round your answers to 2 decimal places.)

13. Assume that Cane’s customers would buy a maximum of 96,000 units of Alpha and 76,000 units of Beta. Also assume that the company’s raw material available for production is limited to 246,000 pounds. How many units of each product should Cane produce to maximize its profits?

14. Assume that Cane’s customers would buy a maximum of 96,000 units of Alpha and 76,000 units of Beta. Also assume that the company’s raw material available for production is limited to 246,000 pounds. What is the maximum contribution margin Cane Company can earn given the limited quantity of raw materials?

15. Assume that Cane’s customers would buy a maximum of 96,000 units of Alpha and 76,000 units of Beta. Also assume that the company’s raw material available for production is limited to 246,000 pounds. If Cane uses its 246,000 pounds of raw materials, up to how much should it be willing to pay per pound for additional raw materials? (Round your answer to 2 decimal places.)

Entries for Bad Debt Expense under the Direct Write-Off and Allowance Methods

The following selected transactions were taken from the records of Shipway Company for the first year of its operations ending December 31:

For those amount boxes in which no entry is required, leave the box blank. If an entry is not required, select "No entry" from the dropdown box(es).

a. Journalize the transactions under the direct write-off method.

b. Shipway Company uses the percent of credit sales method of estimating uncollectible accounts expense. Based on past history and industry averages, 2% of credit sales are expected to be uncollectible. Shipway Company recorded $721,700 of credit sales during the year.

Journalize the transactions under the allowance method.

c. How much higher (lower) would Shipway Company's net income have been under the direct write-off method than under the allowance method?

  by $

Post all the journal entries to the appropriate t-accounts. Compute the balance as of May 31 for each T-account

Stacy's Company, owned by F. Stacy, started operations in August and completed the following transactions during the first month of operations.

August 1 F. Stacy invested $75,000 cash in the company

August 2The company purchased $45,000 in office equipment. It paid $15,000 in cash and signed a note payable promising to pay the $10,000 over the next three years

August 2 The company rented office space and paid $8,000 for the August rent

August 6 The company installed a new roof for a customer and immediately collected $9,000

August 7 The company paid a supplier $7,000 for roofing materials used on the August 6th job

August 8 The company purchased a $9,500 copy machine for office use on credit August 9 The company completed work for additional customers on credit in the amount of $26,000

August15 The company paid it's employees' salaries $2,700 for the first half of the month

August17 The company installed a new roof for a customer and immediately collected $3,900

August 20 The company received $10,000 in payments from the customers billed on August 9th

August 28 The company paid $1,500 on the copy machine purchased on August 8th. It will pay the remaining balance in September

August 31 The company paid it's employees' salaries $2,700 for the second half of the month

August 31 The company paid a supplier $5,300 for roofing materials used on the remaining jobs completed during August

August 31 The company paid $850 for this month's utility bill

Paulina's Pizza is a well-known pizzeria and has contracted with a Business Analyst to estimate its cost equation. Based on

the data provided, the Business Analyst hypothesized that total costs were a function of fixed costs and variable costs. Recalling

from her BUSI 108 class, she hypothesized the following equation to be estimated,

                 Estimated Total Costs = b0 + b1*Pizzas

                 where

                 b0 = total fixed costs

                 b1 = marginal cost to produce 1 pizza

                 Pizzas = the quantity of pizzas produced

Using the least squares method, her regression results are the following,

                  Estimated Total Cost = 1,000 + 4*Pizzas

Paulina's Pizza tells the Business Analyst that they have tracked daily customer demand and the number of Pizzas sold depends

on the day of the week. Monday through Thursday (MidWeek) a low of 140 Pizzas per day are sold but Friday through Sunday

(Weekend) a high of 220 Pizzas per day are sold.

Pizzas are sold at a price of $10 per Pizza.

a) Assemble the Parameter Sections and the Model Sections for Paulina's Pizza. Calculate Total Cost, Total Revenue and Profit/

(Loss) for 170 Pizzas sold. Starting at 140 Pizzas and increasing by 10 to a maximum of 220 Pizzas, create a One-Way Data Table

calculating the Profit/(Loss) for the range of Pizzas that are sold during a week.

An area not-for-profit organization has asked Paulina's to assist with a fundraiser for their organization. The request is to

give 20% of the Pizza Price sold their organization when a customer presents a printed coupon from the organization. From

past experience with fundraisers, the percentage of customers that present the coupon ranged from 30% to 50%.

b) Using the What-If Analysis and the associated functions, create a table to reveal the range of Profit/(Loss) from both

the range of possible Pizzas sold and the percentage of customers who present the 20% coupon. There are several ways to

approach this problem but the objective is to create a table to show the various outcomes. Remember, Paulina's Pizza will

give 20% of its Total Revenue for that one day to a range of 30% to 50% of the customers that present the coupon.

C# (Thank you in advance)

Create an Employee class with five fields: first name, last name, workID, yearStartedWked, and initSalary. It includes constructor(s) and properties to initialize values for all fields.

Create an interface, SalaryCalculate, class that includes two functions: first,CalcYearWorked() function, it takes one parameter (currentyear) and calculates the number of year the worker has been working. The second function, CalcCurSalary() function that calculates the current year salary.

Create a Worker classes that is derived from Employee and SalaryCalculate class.

• In Worker class, it includes two field, nYearWked and curSalary, and constructor(s). It defines the CalcYearWorked() function using (current year – yearStartedWked) and save it in the nYearWked variable. It also defines the CalcCurSalary() function that calculates the current year salary by using initial salary with 3% yearly increment.

Create a Manager class that is derived from Worker class.

• In Manager class, it includes one field: yearPromo and constructor(s). Itincludes a CalcCurSalary function that calculate the current year salary by overriding the base class function using initial salary with 5% yearly increment plus 10% bonus. The manager’s salary calculates in two parts. It calculates as a worker before the year promoted and as a manager after the promotion.

Write an application that reads the workers and managers information from files (“worker.txt” and “manager.txt”) and then creates the dynamic arrays of objects. Prompt the user for current year and display the workers’ and managers’ current information in separate groups: first and last name, ID, the year he/she has been working, and current salary.

**Following is the content of the text files**

________________

manager.txt :

3
Sam
Reza
M000411
1995
51000
2005
Jose
Perez
M000412
1998
55000
2002
Rachel
Pena
M000413
2000
48000
2010

_______________

worker.txt :

5
Hector
Alcoser
A001231
1999
24000
Anna
Alaniz
A001232
2001
34000
Lydia
Bean
A001233
2002
30000
Jorge
Botello
A001234
2005
40000
Pablo
Gonzalez
A001235
2007
35000