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
In: Accounting
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.
In: Finance
PART 1
You are studying the following regression on earnings of a CEO:
Earnings)= 3.86 - 0.28Female + 0.37MarketValue + 0.004Return
You wonder whether any of the independant variables should be introduced in the model in a nonlinear fashion instead. Right now, they are all present in their original form. Which variables must you test to see if a nonlinear version of them is better suited?
A. Earnings, Female, MarketValue, Returns
B. Earnings, MarketValue, Returns
C. Female, MarketValue, Return
D. MarketValue, Returns
PART 2
"A standard ""money demand"" function used by macroeconomists has the form ln(m) = Beta0 + Beta1 ln(GDP) + Beta2 R, Where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured in percent per year. Supposed that Beta 1 = 1.05 and Beta 2 = -0.03. What is the expected change in m if the interest rate increases from 5% to 9%? Round to nearest integer"
A. decrease 12%
B. decrease 9%
C. increase 12%
D. "decrease $7,387"
PART 3
"This problem is inspired by a study of the ""gender gap"" in earnings in top corporate jobs [Bertrand and Hallock (2001)]. The study compares total compensation among top executives in a large set of U.S. public corporations in the 1990s. (Each year these publicly traded corporations must report total compensation levels for their top five executives.) Let Female be an indicator variable that is equal to 1 for females and 0 for males. A regression of the logarithm of earnings onto Female yields ln(Earnings) = 6.55 -0.41Female, SER = 2.44. The Standard Errors for the Constant is (0.01) and for the Female variable is (0.05). The SER tells us all of the following, except:"
A. The Standard Error of the regression
B. The % of the variance in Earnings we have explained
C. The standard deviation of the regression error
D. The square root of the variance of the residuals
PART 4
"Assume that you had estimated the following quadratic regression model: Test Score = 607.3 + 3.85Income - 0.0423Income2. If income is in thousands, please interpret the coefficient on the Income2 term:"
A. Cannot interpret that coefficient alone
B. A 1 unit increase in income is associated with a 0.0423 points
decrease in TestScores
C. "A $1,000 increase in income is associated with a 0.0423 points
decrease in TestScores"
D. "A $1,000 increase in income is associated with a 4.23 %
decrease in TestScores"
In: Economics
Mary, the plant manager of Southern Oregon Injection Molding, Inc. (SOIM), is pondering an interesting offer made by the president and majority shareholder, Kenny. Kenny recently turned sixty and is planning a gradual retirement. None of his children are interested in taking over the business and are currently pursuing careers unrelated to the plastics industry, so Kenny has decided to offer his controlling share to Mary.
SOIM began by manufacturing plastic lawn ornaments, including a colorful tropical bird that became a major fad in the 1980s. Pleased and amused by the success of his fanciful product, Kenny added rabbits, skunks, trolls, angels, and garden fairies to the product line. Under Mary’s leadership, SOIM has also become an important secondary supplier of plastic housings for speakers, cell phones, calculators, and similar products.
Marry started working at SOIM as a color technician shortly after graduating from Southern Oregon University with a degree in chemical engineering. Within five years, she became the plant manager, a position she has held for the last eight years. Along the way, she has earned an MBA through the evening program at Southern Oregon University.
Because SOIM stock is publicly traded, we can confidently assign a value of $10,000,000 to Kenny’s shares. Kenny has stated that he is open to any reasonable plan to finance the purchase.
Questions
1. Mary could probably borrow the money to purchase the shares outright because the shares would serve as collateral and dividends would cover a good part of the loan payments. The interest rate is 7%, and the lender will amortize the loan with a series of equal payments. What are the annual payments if the bank amortizes the loan over five, ten, or twenty years?
2. Repeat Question 1, but assume that Mary makes payments at the beginning of each year.
3. Complete the following amortization schedule for a $10,000,000 loan at 7% with five equal end-ofyear payments.
4. Kenny has offered to finance the purchase with a ten-year, interest-only loan. How much is Mary’s annual payment? Describe the pattern of payments over the ten years.
5. Assume that Kenny accepts Mary’s offer to finance the purchase with a ten-year, interest-only loan. If Kenny can reinvest the interest payments at a rate of 7% per year, how much money will he have at the end of the tenth year?
In: Finance
|
I need the formulas in excel: Thank you You're talking to a friend of yours who has student loans of $30,000. She has just graduated and now needs to pay them back with monthy payments at a 4.19% interest rate over the next 10 years. |
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| a. Create a loan amortization table for this loan. | |||||||||
| b. If she increases her monthly payment by $100, how much sooner will she have paid off the loan? | |||||||||
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In: Finance
It is known that the mean time to solve the puzzle in healthy control children is 60 seconds. Carry out the Wilcoxon signed-rank test on these data to test the null hypothesis that the mean time to solve the puzzle for children with NF1 is the same as for healthy controls.
a) Calculate the value of the test statistic and give the approximate normal distribution of the test statistic under the null hypothesis.
b) Calculate the p-value for the test assuming a two-sided alternative hypothesis.
c) What do you conclude about the time taken by children with NF1 to solve the puzzle compared to healthy controls?
d) Describe in a few sentences how you would calculate a 95% confidence interval for the mean time without assuming any particular parametric model for the data. You do not need to calculate the interval.
Provided data is:-
ID yi
1 51
2 60
3 75
4 43
5 92
6 72
7 49
8 39
9 62
10 127
11 51
12 75
13 69
14 59
15 25
16 58
17 95
18 63
19 91
20 63
21 32
22 50
23 108
24 41
25 93
26 43
27 74
28 50
29 55
30 60
31 62
32 91
33 79
34 71
35 85
36 86
37 78
38 100
39 146
40 62
41 134
42 41
43 40
44 51
45 68
46 59
47 59
48 38
49 66
50 79
51 111
52 69
53 68
54 110
55 69
56 62
57 91
In: Statistics and Probability
The State of DeNile built a new toll road 3 years ago for $900 million. The state can charge tolls on the road for the next 20 years and expects to spend $3 million per year on maintenance and toll collection. Toll revenue is expected to be $80 million per year. The state has recently received an offer from the Otto Corporation to lease the road for 20 years. The company will pay DeNile $1 billion and will receive exclusive rights to collect and keep the tolls. Otto Corp will also be responsible for all maintenance and other expenses. The state can invest its money at 6% annual return. Should the state take this offer? Why or why not?
In: Finance
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.
Create a Manager class that is derived from Worker class.
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
In: Computer Science
Please Provide the Answers and Solution for this Question Clearly:
. Presented below is information related to Dublin Company for 2018.
|
Unrealized gain on non-trading equity securities, net of tax |
€200,000 |
|
Retained earnings balance, January 1, 2018 |
1,200,000 |
|
Sales revenue |
35,000,000 |
|
Unearned sales revenue |
150,000 |
|
Prepaid expense |
80,000 |
|
Freight-In |
10,000 |
|
Cost of goods sold |
25,000,000 |
|
Purchase Discounts |
15,000 |
|
Interest expense |
100,000 |
|
Selling and administrative expenses |
5,700,000 |
|
Write-off of goodwill |
1,200,000 |
|
Income taxes for 2018 |
1,360,000 |
|
Dividend revenue |
100,000 |
|
Gain on the disposition and operations of the wholesale division (Gain before income tax) |
400,000 |
|
Loss due to flood damage |
300,000 |
|
Gain on the sale of investments |
200,000 |
|
Dividends declared on ordinary shares |
250,000 |
|
Allocation to non-controlling interest |
30,000 |
Required:
Prepare an (1) income statement and (2) a retained earnings statement. Dublin Company decided to discontinue its entire wholesale operations and to retain its manufacturing operations. On August 10, Dublin sold the wholesale operations to Rene Company. During 2018, there were 400,000 ordinary shares outstanding all year.
In: Accounting
B. Presented below is information related to Dublin Company for 2018.
|
Unrealized gain on non-trading equity securities, net of tax |
€200,000 |
|
Retained earnings balance, January 1, 2018 |
1,200,000 |
|
Sales revenue |
35,000,000 |
|
Unearned sales revenue |
150,000 |
|
Prepaid expense |
80,000 |
|
Freight-In |
10,000 |
|
Cost of goods sold |
25,000,000 |
|
Purchase Discounts |
15,000 |
|
Interest expense |
100,000 |
|
Selling and administrative expenses |
5,700,000 |
|
Write-off of goodwill |
1,200,000 |
|
Income taxes for 2018 |
1,360,000 |
|
Dividend revenue |
100,000 |
|
Gain on the disposition and operations of the wholesale division (Gain before income tax) |
400,000 |
|
Loss due to flood damage |
300,000 |
|
Gain on the sale of investments |
200,000 |
|
Dividends declared on ordinary shares |
250,000 |
|
Allocation to non-controlling interest |
30,000 |
Required:
Prepare an (1) income statement and (2) a retained earnings statement. Dublin Company decided to discontinue its entire wholesale operations and to retain its manufacturing operations. On August 10, Dublin sold the wholesale operations to Rene Company. During 2018, there were 400,000 ordinary shares outstanding all year.
In: Accounting