Clay Corporation has projected sales and production in units for the second quarter of the coming year as follows:

Cash-related production costs are budgeted at $5.5 per unit produced. Of these production costs, 30% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $150,000 per month. The accounts payable balance on March 31 totals $240,000, which will be paid in April. All units are sold on account for $14.5 each. Cash collections from sales are budgeted at 65% in the month of sale, 25% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $555,000 ($95,000 from February's sales and $460,000 from March’s sales).

Required:

a. . Prepare a schedule for each month showing budgeted cash disbursements for Clay Corporation. (Round your final answer to nearest whole dollar.)

b. Prepare a schedule for each month showing budgeted cash receipts for Clay Corporation. (Round your final answer to nearest whole dollar.)

For the third quarter (Q3) of 2014, a group of 163 mutual funds had a mean return of 4.6% with a standard deviation of 5.1%. A histogram of fund returns shows a unimodal, symmetric shape. (Enter your answer to two decimal places.)

(a) What return is necessary for a fund to be classified among the top 25%?

%

(b) What return is necessary for a fund to be classified among the bottom 10%?

%

(c) What return is necessary for a fund to be classified among the top 1%?

%

(d) What is the IQR of these returns?

%

For the third discussion question of the quarter, we are going to examine a few Exchange-Traded Funds (ETFs) and determine which seems like the best investment for us. Information about ETF performance, industry, expense ratio, dividend yield, and various other elements will be given. Based on the description of the funds provided, I would like for you to discuss which investment was the most appealing to you from the perspective of a potential investor and why you felt that way.  

As it is likely that there will many different companies chosen by different members of the class, please feel free to discuss and debate with your colleagues about areas of agreement and disagreement with your selections for your required follow-up responses.  

Here are some important figures from the budget of Cornell, Inc., for the second quarter of 2017 April May June Credit sales $ 324,000 $ 304,000 $ 364,000 Credit purchases 132,000 155,000 180,000 Cash disbursements Wages, taxes, and expenses 44, 400 11,900 63,400 Interest 11,400 11,400 11,400 Equipment purchases 84,000 158,000 0 The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2017, credit sales were $194,000 and credit purchases were 134,000. Required: Using this information, complete the following cash budget: for April May and June April May June Beginning cash balance $ 127,000 $ $ Cash receipts Cash collections from credit sales Total cash available $ $ $ Cash disbursements Purchases $ $ Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements $ $ $ Ending cash balance $ $ $

This is our last discussion of the quarter, it's about the Currency Exchange and its effects on the macroeconomics:

1) Compared to Three (3) other currencies such as Canadian, Euro, China, and Japan (or other currencies you have interest in), please find out if the US Dollar currency has appreciated or depreciated since one year ago?

2) What are the effects of the appreciated/depreciated US dollar to the economy of the United States? State two positive effects and two negative effects.

​​​​​​

1. For the quarter scale tractor team: Student A is 94% reliable at CAD, 90% reliable at Excel, and 82% at Word; Student B is 88% reliable at CAD, 88% reliable at Excel, and 88% at Word; and Student C is 84% reliable at CAD, 86% Excel, and 96% at Word. Which of the following is more reliable: Student A draws the tractor with CAD while the other two do calculations with Excel weld and write the final report with Word, or Student B does calculations with Excel for the tractor while the other two draw the tractor with CAD and write the final report with Word, or if student C writes the final report with Word while the other two draw the tractor with CAD and do calculations with Excel? Specify the reliabilities for each scenario. What is the reliability, if they all participate in each step?

In the last quarter of​ 2007, a group of 64 mutual funds had a mean return of 1.9​% with a standard deviation of 6.3​%. Consider the Normal model ​N(0.019​,0.063​) for the returns of these mutual funds. ​
a) What value represents the 40th percentile of these​ returns? ​
b) What value represents the 99th​ percentile?
​c) What's the​ IQR, or interquartile​ range, of the quarterly returns for this group of​ funds?

July 31, 2016, the end of the quarter, is on a Wednesday. Employees get paid each Friday for the week just worked. The company has five employees who earn $100 each per day. Make the Accrued Salaries Expense journal entry for Wednesday, July 31, 2016. Enter the date, accounts, debit and credit, and be sure to indent the credit line.

In the last quarter of 2019, US GDP was approximately $21.0 trillion dollars with an unemployment rate less than 4%. However, with the precautionary steps taken to stop the spread of COVID-19, a significant number of workers were laid off and unemployment climbed significantly. If the unemployment rate does not decline and stays at an average of 15% for an entire year, then the fall in the US GDP is likely to be

Group of answer choices

$3.15 trillion.

$16.4 trillion.

$4.20 trillion.

$4.60 trillion.

This is our last discussion of the quarter, it's about the Currency Exchange and its effects on the macroeconomics:

1) Compared to Three (3) other currencies such as Canadian, Euro, China, and Japan (or other currencies you have interest in), please find out if the US Dollar currency has appreciated or depreciated since one year ago?

2) What are the effects of the appreciated/depreciated US dollar to the economy of the United States? State two positive effects and two negative effects.