Because the manager is not an IS expert, the following table is used to store the information. As a member can attend many dinners and a member will not attend more than 1 dinner on the same date, the primary key of the following table is Member ID and Dinner ID. Dinners can have many courses, from one-course dinner to as many courses as the chef desired.
|
MemberID |
MemberName |
MemberAddress |
DinnerID |
DinnerDate |
VenueCode |
VenueDescription |
FoodCode |
FoodDescription |
|
214 |
Peter Wong |
325 Meadow Park |
D0001 |
02/02/2020 |
L01 |
Grand_Ball_Room |
EN3 |
Stu ed crab |
|
DEB |
||||||||
|
235 |
Mary Lee |
D0002 |
02/02/2020 |
L02 |
Café |
EN5 |
||
|
DEB |
||||||||
|
250 |
Peter Wong |
D0003 |
03/03/20 |
L01 |
Grand_Ball_Room |
SO1 |
Marinated Steak |
|
|
EN5 |
Chocolate Mousse |
|||||||
|
DE2 |
Key Lime Pie |
|||||||
|
235 |
Mary Lee |
D0003 |
03/03/2020 |
L02 |
Café |
S01 |
Pumpkin Soup |
|
|
SA2 |
Marinated Steak |
|||||||
|
DE2 |
Apple Pie |
|||||||
|
300 |
Paul Lee |
D0004 |
03/03/2020 |
L03 |
Petit_Ball_Room |
SA2 |
Apple Pie |
In: Computer Science
Question 2
[25] Jenny is the owner of The Bride Boutique. The boutique sells
well-known brands of wedding dresses and related products. Jenny
recently attended a short course on financial management for SMEs.
One of the topics covered in the programme was cash budgets. Jenny
wants to implement cash budgeting for the boutique and she prepared
a cash budget for the period April – June 2020. However, she is
still concerned that she may not have prepared the cash budget
correctly and requested your assistance to help her prepare the
cash budget. At a meeting between Jenny and yourself, she provided
you with the following information: Actual and forecasted sales and
purchases for the period February – June 2020
February
(Actual) March (Actual) April (Forecast) May (Forecast) June
(Forecast) Total sales R950 000 R1 050 000 R1 200 000 R1 350
000 R1 100 000 Total purchases R760 000 R892 500
R1 020 000 R945 000 R770 000
The boutique’s monthly cash sales are 60% of its total monthly
sales, the balance being credit sales. The boutique’s credit
terms to customers require that the customers settle their credit
purchases by paying 70% of their outstanding balances one month
after the month of purchase and the remaining balances two months
after the month of purchase. The boutique pays 30% of its monthly
purchases in cash and the rest of the monthly purchases are made on
credit. Jenny has to pay her suppliers 40% of the credit purchases
one month after the month of purchase and the outstanding balance
two months after the month of purchase. Jenny plans to replace
some of the display cabinets in July 2020. A friend of hers who
owns a jewellery shop will buy the cabinets from her for R15 000 in
June 2020 and will pay her in cash. The monthly wages
and salaries are R12 000 and Jenny intends to grant an 8% increase
in wages and salaries from May 2020. The monthly rent
for the boutique premises is R25 000 while the business insurance
is R2 500 per month. The insurer advised that an insurance premium
increase of 10% will take effect as from 1 June 2020. Consumables
average R1 500 per month and Jenny intends to spend R1 400, R2 500
and R1 500 on advertising in April, May, and June, respectively.
Jenny’s tax advisor informed her that the boutique will have to pay
tax of R46 000 to SARS in April 2020. Required: Prepare a cash
budget for The Bride Boutique for the period April – June 2020
using the format for a detailed cash budget as presented in the
prescribed textbook.
In: Accounting
7. The distribution of annual profit at the chain of Shoe Palace stores was approximately normal with a mean of $457,300 and a standard deviation of $58,000. The CEO of the company would like to reassess the efficiency of all managers of the stores with the lowest 15% of profits. What is the maximum annual profit at the stores that fit in the lowest 15%?
8. If the population of monthly internet bills for the Ida neighborhood has a mean of $82.00 and a standard deviation of $7.50, what is the probability of selecting a household at random whose monthly bill is $64.00 or less?
9. The administration is planning on giving assessments to the top 10% of seniors. If the mean of the senior class GPAs is 3.38 with a standard deviation of 0.15, what is the indicated z-score?
10. Indicate whether the following statistics can be examples of binomial probability distributions:
a.) results of spinning a 4-color spinner
b.) results of flipping a quarter
c.) results of drawing a red or black suit from a deck of cards
d.) results of hitting red light or green light at the intersection of Main and Rt. 340
In: Statistics and Probability
Viking Trivia Company Chart of Account Titles (selected):
Assets: Prepaid Rent, Prepaid Advertising. Prepaid Insurance, Office Supplies, Inventory, Accumulated Depreciation
Liabilities: Interest Payable, Utilities Payable, Commissions Payable, Unearned Rent
Revenues: Rent Revenue, Interest Revenue
Expenses: Office Supplies Expense, Commissions Expense, Utilities Expense, Insurance Expense, Advertising Expense, Depreciation Expense, Interest Expense, Rent Expense
Review the following items and make the necessary adjusting entries using the account titles shown above as of December 31, 2019. If no entry is required, write N/A in all blanks for that item. Round all amounts to the nearest dollar.
a) On October 1, 2019, Viking Trivia Company paid $72,000 for a two-year lease on an office building. The payment was recorded as prepaid rent, and the lease commenced on the date of payment.
Debit Account Debit Amount
Credit Account Credit Amount
b) On December 1, 2019, Viking Trivia Company entered into a legally binding contract to purchase $40,000 of advertising. The advertising will begin on March 1, 2020 with payment due at that time.
Debit Account Debit Amount
Credit Account Credit Amount
c) On December 1, 2019, Viking Trivia Company rented some office space to a local telemarketer. Viking collected $5,400 rent for the period of December 1, 2019, to February 29, 2020. The cash collected was recorded as unearned rent.
Debit Account Debit Amount
Credit Account Credit Amount
d) During 2019, Viking Trivia Company purchased office supplies that cost $23,400. The purchase was recorded as office supplies inventory. At the beginning of 2019, the office supplies inventory was $3,600. At the end of 2019, a count showed unused office supplies amounting to $2,600.
Debit Account Debit Amount
Credit Account Credit Amount
e) For the week ended December 31, 2019, Viking Trivia Company sales employees earned $37,000 in commissions that will be paid in the next payroll on January 11, 2020.
Debit Account Debit Amount
Credit Account Credit Amount
f) On June 1, 2019, Viking Trivia Company borrowed $360,000 cash on a one-year, 6% note payable. The interest is payable on the due date, May 31, 2020.
Debit Account Debit Amount
Credit Account Credit Amount
g) On July 1, 2019, Viking Trivia Company paid $7,800 for six months’ property insurance coverage beginning on that date. The payment was debited to insurance expense on that date.
Debit Account Debit Amount
Credit Account Credit Amount
h) On October 1, 2019, Viking Trivia Company purchased office equipment that cost $44,000. The estimated life of the office equipment was five years with no residual value.
Debit Account Debit Amount
Credit Account Credit Amount
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