Questions
Thirty percent of all customers who enter a store will make a purchase. Suppose 10 customers...

Thirty percent of all customers who enter a store will make a purchase. Suppose 10 customers enter the store, and that they make independent purchasing decisions.

(a) Let X be the number, out of the 10 customers in the store, who will make a purchase. Write the binomial probability density function for this situation.

(b) Use the binomial distribution to calculate the probability exactly 5 customers make a purchase.

(c) Find the probability that 4 or fewer customers make a purchase.

(d) Find the probability that 7 or more customers make a purchase.

In: Math

Question 1) Some customers have not purchased any products. The store hopes to encourage these customers...

Question 1) Some customers have not purchased any products. The store hopes to encourage these customers to buy their products through various discount coupons. For this purpose, the store's management would like to see all details of customers who have never purchased any products.  Use at least one RIGHT JOIN in this query.

Question 2) Some products have never been purchased by any customer. The store's management is considering removing these products from their shelves. They would like to get a list containing the name of vendors and the names of their products that have never been bought by any customer. Use at least one LEFT JOIN in this query.

The script file is given below.

Thank You

CREATE DATABASE salesDB;
USE salesDB;
CREATE TABLE customer (

CUS_CODE INT PRIMARY KEY,
CUS_LNAME VARCHAR(15),
CUS_FNAME VARCHAR(15),
CUS_INITIAL VARCHAR(1),
CUS_AREACODE VARCHAR(3),
CUS_PHONE VARCHAR(8),
CUS_BALANCE DECIMAL(15,3)
);
INSERT INTO customer VALUES('10010','Ramas','Alfred','A','615','844-2573','0');

INSERT INTO customer VALUES('10011','Dunne','Leona','K','713','894-1238','0');

INSERT INTO customer VALUES('10012','Smith','Kathy','W','615','894-2285','345.859985351562');

INSERT INTO customer VALUES('10013','Olowski','Paul','F','615','894-2180','536.75');

INSERT INTO customer VALUES('10014','Orlando','Myron','','615','222-1672','0');

INSERT INTO customer VALUES('10015','O''Brian','Amy','B','713','442-3381','0');

INSERT INTO customer VALUES('10016','Brown','James','G','615','297-1228','221.190002441406');

INSERT INTO customer VALUES('10017','Williams','George','','615','290-2556','768.929992675781');

INSERT INTO customer VALUES('10018','Farriss','Anne','G','713','382-7185','216.550003051758');

INSERT INTO customer VALUES('10019','Smith','Olette','K','615','297-3809','0');

CREATE TABLE vendor
(
V_CODE INT PRIMARY KEY,
V_NAME VARCHAR(15),
V_CONTACT VARCHAR(50),
V_AREACODE VARCHAR(3),
V_PHONE VARCHAR(8),
V_STATE VARCHAR(2),
V_ORDER VARCHAR(1)
);
INSERT INTO vendor
VALUES('21225','Bryson, Inc.','Smithson','615','223-3234','TN','Y');
INSERT INTO vendor
VALUES('21226','SuperLoo, Inc.','Flushing','904','215-8995','FL','N');
INSERT INTO vendor
VALUES('21231','D&E Supply','Singh','615','228-3245','TN','Y');
INSERT INTO vendor
VALUES('21344','Gomez Bros.','Ortega','615','889-2546','KY','N');
INSERT INTO vendor
VALUES('22567','Dome Supply','Smith','901','678-1419','GA','N');
INSERT INTO vendor
VALUES('23119','Randsets Ltd.','Anderson','901','678-3998','GA','Y');
INSERT INTO vendor
VALUES('24004','Brackman Bros.','Browning','615','228-1410','TN','N');
INSERT INTO vendor
VALUES('24288','ORDVA, Inc.','Hakford','615','898-1234','TN','Y');
INSERT INTO vendor
VALUES('25443','B&K, Inc.','Smith','904','227-0093','FL','N');
INSERT INTO vendor
VALUES('25501','Damal Supplies','Smythe','615','890-3529','TN','N');
INSERT INTO vendor
VALUES('25595','Rubicon Systems','Orton','904','456-0092','FL','Y');


/* -- */
CREATE TABLE invoice
(
INV_NUMBER INT PRIMARY KEY,
CUS_CODE INT,
INV_DATE DATETIME,
FOREIGN KEY(CUS_CODE) REFERENCES customer(CUS_CODE)

);
INSERT INTO invoice
VALUES('1001','10014','2016-1-16');
INSERT INTO invoice
VALUES('1002','10011','2016-1-16');
INSERT INTO invoice
VALUES('1003','10012','2016-1-16');
INSERT INTO invoice
VALUES('1004','10011','2016-1-17');
INSERT INTO invoice
VALUES('1005','10018','2016-1-17');
INSERT INTO invoice
VALUES('1006','10014','2016-1-17');
INSERT INTO invoice
VALUES('1007','10015','2016-1-17');
INSERT INTO invoice
VALUES('1008','10011','2016-1-17');


/* -- */
CREATE TABLE product
(
P_CODE VARCHAR(10) PRIMARY KEY,
P_DESCRIPT VARCHAR(35),
P_INDATE DATETIME,
P_QOH INT,
P_MIN INT,
P_PRICE DECIMAL(15,3),
P_DISCOUNT DECIMAL(15,3),
V_CODE INT,
FOREIGN KEY (V_CODE) REFERENCES vendor
(V_CODE)
);
INSERT INTO product
VALUES('11QER/31','Power painter, 15 psi., 3-nozzle','2015-11-3','8','5','109.99','0','25595');
INSERT INTO product
VALUES('13-Q2/P2','7.25-in. pwr. saw blade', '2015-12-13','32','15', '14.99','0.05','21344');
INSERT INTO product
VALUES('14-Q1/L3','9.00-in. pwr. saw blade', '2015-11-13','18','12','17.49','0','21344');
INSERT INTO product
VALUES('1546-QQ2','Hrd. cloth, 1/4-in., 2x50', '2016-1-15','15','8','39.95','0','23119');
INSERT INTO product
VALUES('1558-QW1','Hrd. cloth, 1/2-in., 3x50', '2016-1-15','23','5','43.99','0','23119');
INSERT INTO product
VALUES('2232/QTY','B\&D jigsaw, 12-in. blade', '2015-12-30','8','5','109.92','0.05','24288');
INSERT INTO product
VALUES('2232/QWE','B\&D jigsaw, 8-in. blade', '2015-12-24','6','5','99.87','0.05','24288');
INSERT INTO product
VALUES('2238/QPD','B\&D cordless drill, 1/2-in.', '2016-1-20','12','5','38.95','0.05','25595');
INSERT INTO product
VALUES('23109-HB','Claw hammer', '2016-1-20','23','10','9.95','0.1','21225');
INSERT INTO product
VALUES('23114-AA','Sledge hammer, 12 lb.', '2016-1-2','8','5','14.40','0.05', NULL);
INSERT INTO product
VALUES('54778-2T','Rat-tail file, 1/8-in. fine', '2015-12-15','43','20','4.99','0','21344');
INSERT INTO product
VALUES('89-WRE-Q','Hicut chain saw, 16 in.', '2016-2-7','11','5','256.99','0.05','24288');
INSERT INTO product
VALUES('PVC23DRT','PVC pipe, 3.5-in., 8-ft', '2016-2-20','188','75','5.87','0', NULL);
INSERT INTO product
VALUES('SM-18277','1.25-in. metal screw, 25', '2016-3-1','172','75','6.99','0','21225');
INSERT INTO product
VALUES('SW-23116','2.5-in. wd. screw, 50', '2016-2-24','237','100','8.45','0','21231');
INSERT INTO product
VALUES('WR3/TT3','Steel matting, 4''x8''x1/6", .5" mesh','2016-1-17','18','5','119.95','0.1','25595');


/* -- */
CREATE TABLE line (
INV_NUMBER INT,
line_NUMBER INT,
P_CODE VARCHAR(10),
line_UNITS DECIMAL(8),
line_PRICE DECIMAL(15,3),
PRIMARY KEY(INV_NUMBER, line_NUMBER),
FOREIGN KEY(INV_NUMBER) REFERENCES invoice
(INV_NUMBER),
FOREIGN KEY(P_CODE) REFERENCES product
(P_CODE)
);
INSERT INTO line VALUES('1001','1','13-Q2/P2','1','14.99');
INSERT INTO line VALUES('1001','2','23109-HB','1','9.95');
INSERT INTO line VALUES('1002','1','54778-2T','2','4.99');
INSERT INTO line VALUES('1003','1','2238/QPD','1','38.95');
INSERT INTO line VALUES('1003','2','1546-QQ2','1','39.95');
INSERT INTO line VALUES('1003','3','13-Q2/P2','5','14.99');
INSERT INTO line VALUES('1004','1','54778-2T','3','4.99');
INSERT INTO line VALUES('1004','2','23109-HB','2','9.95');
INSERT INTO line VALUES('1005','1','PVC23DRT','12','5.87');
INSERT INTO line VALUES('1006','1','SM-18277','3','6.99');
INSERT INTO line VALUES('1006','2','2232/QTY','1','109.92');
INSERT INTO line VALUES('1006','3','23109-HB','1','9.95');
INSERT INTO line VALUES('1006','4','89-WRE-Q','1','256.99');
INSERT INTO line VALUES('1007','1','13-Q2/P2','2','14.99');
INSERT INTO line VALUES('1007','2','54778-2T','1','4.99');
INSERT INTO line VALUES('1008','1','PVC23DRT','5','5.87');
INSERT INTO line VALUES('1008','2','WR3/TT3','3','119.95');
INSERT INTO line VALUES('1008','3','23109-HB','1','9.95');

/* -- */
CREATE TABLE emp (
emp_NUM INT PRIMARY KEY,
emp_TITLE VARCHAR(4),
emp_LNAME VARCHAR(15),
emp_FNAME VARCHAR(15),
emp_INITIAL VARCHAR(1),
emp_DOB DATETIME,
emp_HIRE_DATE DATETIME,
emp_AREACODE VARCHAR(3),
emp_PHONE VARCHAR(8),
emp_MGR INT
);
INSERT INTO emp VALUES('100','Mr.','Kolmycz','George','D','1945-6-15','1985-3-15','615','324-5456',NULL);
INSERT INTO emp VALUES('101','Ms.','Lewis','Rhonda','G','1965-3-19','1986-4-25','615','324-4472','100');
INSERT INTO emp VALUES('102','Mr.','VanDam','Rhett','','1958-11-14','1990-12-20','901','675-8993','100');
INSERT INTO emp VALUES('103','Ms.','Jones','Anne','M','1974-10-16','1994-8-28','615','898-3456','100');
INSERT INTO emp VALUES('104','Mr.','Lange','John','P','1971-11-8','1994-10-20','901','504-4430','105');
INSERT INTO emp VALUES('105','Mr.','Williams','Robert','D','1975-3-14','1998-11-8','615','890-3220', NULL);
INSERT INTO emp VALUES('106','Mrs.','Smith','Jeanine','K','1968-2-12','1989-1-5','615','324-7883','105');
INSERT INTO emp VALUES('107','Mr.','Diante','Jorge','D','1974-8-21','1994-7-2','615','890-4567','105');
INSERT INTO emp VALUES('108','Mr.','Wiesenbach','Paul','R','1966-2-14','1992-11-18','615','897-4358',NULL);
INSERT INTO emp VALUES('109','Mr.','Smith','George','K','1961-6-18','1989-4-14','901','504-3339','108');
INSERT INTO emp VALUES('110','Mrs.','Genkazi','Leighla','W','1970-5-19','1990-12-1','901','569-0093','108');
INSERT INTO emp VALUES('111','Mr.','Washington','Rupert','E','1966-1-3','1993-6-21','615','890-4925','105');
INSERT INTO emp VALUES('112','Mr.','Johnson','Edward','E','1961-5-14','1983-12-1','615','898-4387','100');
INSERT INTO emp VALUES('113','Ms.','Smythe','Melanie','P','1970-9-15','1999-5-11','615','324-9006','105');
INSERT INTO emp VALUES('114','Ms.','Brandon','Marie','G','1956-11-2','1979-11-15','901','882-0845','108');
INSERT INTO emp VALUES('115','Mrs.','Saranda','Hermine','R','1972-7-25','1993-4-23','615','324-5505','105');
INSERT INTO emp VALUES('116','Mr.','Smith','George','A','1965-11-8','1988-12-10','615','890-2984','108');


/* -- */
CREATE TABLE employee (
emp_NUM INT PRIMARY KEY,
emp_TITLE VARCHAR(4),
emp_LNAME VARCHAR(15),
emp_FNAME VARCHAR(15),
emp_INITIAL VARCHAR(1),
emp_DOB DATETIME,
emp_HIRE_DATE DATETIME,
emp_YEARS INT,
emp_AREACODE VARCHAR(3),
emp_PHONE VARCHAR(8)
);
INSERT INTO employee VALUES('100','Mr.','Kolmycz','George','D','1942-6-15','1985-3-15','18','615','324-5456');
INSERT INTO employee VALUES('101','Ms.','Lewis','Rhonda','G','1965-3-19','1986-4-25','16','615','324-4472');
INSERT INTO employee VALUES('102','Mr.','VanDam','Rhett','','1958-11-14','1990-12-20','12','901','675-8993');
INSERT INTO employee VALUES('103','Ms.','Jones','Anne','M','1974-10-16','1994-8-28','8','615','898-3456');
INSERT INTO employee VALUES('104','Mr.','Lange','John','P','1971-11-8','1994-10-20','8','901','504-4430');
INSERT INTO employee VALUES('105','Mr.','Williams','Robert','D','1975-3-14','1998-11-8','4','615','890-3220');
INSERT INTO employee VALUES('106','Mrs.','Smith','Jeanine','K','1968-2-12','1989-1-5','14','615','324-7883');
INSERT INTO employee VALUES('107','Mr.','Diante','Jorge','D','1974-8-21','1994-7-2','8','615','890-4567');
INSERT INTO employee VALUES('108','Mr.','Wiesenbach','Paul','R','1966-2-14','1992-11-18','10','615','897-4358');
INSERT INTO employee VALUES('109','Mr.','Smith','George','K','1961-6-18','1989-4-14','13','901','504-3339');
INSERT INTO employee VALUES('110','Mrs.','Genkazi','Leighla','W','1970-5-19','1990-12-1','12','901','569-0093');
INSERT INTO employee VALUES('111','Mr.','Washington','Rupert','E','1966-1-3','1993-6-21','9','615','890-4925');
INSERT INTO employee VALUES('112','Mr.','Johnson','Edward','E','1961-5-14','1983-12-1','19','615','898-4387');
INSERT INTO employee VALUES('113','Ms.','Smythe','Melanie','P','1970-9-15','1999-5-11','3','615','324-9006');
INSERT INTO employee VALUES('114','Ms.','Brandon','Marie','G','1956-11-2','1979-11-15','23','901','882-0845');
INSERT INTO employee VALUES('115','Mrs.','Saranda','Hermine','R','1972-7-25','1993-4-23','9','615','324-5505');
INSERT INTO employee VALUES('116','Mr.','Smith','George','A','1965-11-8','1988-12-10','14','615','890-2984');

In: Computer Science

The income statement and selected balance sheet information for Direct Products Company for the year ended...

The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below.

Income Statement
Sales Revenue $ 51,600
Expenses:
Cost of Goods Sold 22,500
Depreciation Expense 2,300
Salaries and Wages Expense 9,300
Rent Expense 4,800
Insurance Expense 2,050
Interest Expense 1,950
Utilities Expense 1,550
Net Income $ 7,150
Selected Balance Sheet Accounts
Ending Balances Beginning Balances
Accounts Receivable $ 575 $ 610
Inventory 960 755
Accounts Payable 435 490
Prepaid Rent 31 23
Prepaid Insurance 28 34
Salaries and Wages Payable 94 57
Utilities Payable 26 18

Required:

Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)

The accounts that I have are:

Cash flows from operating activities:

Cash payments for utilities

cash payment for insurance

cash for rent

cash for salaries

cash for suppliers

cash for interest

cash for receipts from customers

net cash provided by operating activities

The accounts show correct

In: Accounting

a.)On December 31, 2019, the Notes Receivable account at P. Davis Materials Corporation had a balance...

a.)On December 31, 2019, the Notes Receivable account at P. Davis Materials Corporation had a balance of $12,000, which represented a six-month, 12 percent note received from a customer on October 1.

b. ) During the week ended June 7, 2019, McCormick Media received $32,000 from customers for subscriptions to its magazine Modern Business. On December 31, 2019, an analysis of the Unearned Subscription Revenue account showed that half of the subscriptions were earned in 2019.

C.) On November 1, 2019, Perez Realty Company rented a commercial building to a new tenant and received $43,200 in advance to cover the rent for six months. Upon receipt, the $43,200 was recorded in the Unearned Rent account.

D.) On November 1, 2019, the Mighty Bucks Hockey Club sold season tickets for 40 home games, receiving $3,200,000. Upon receipt, the $3,200,000 was recorded in the Unearned Season Tickets Income account. At December 31, 2019, the Mighty Bucks Hockey Club had played 5 home games.

  For each of the above independent situations, indicate the adjusting entry that must be made on the December 31, 2019, worksheet assuming no previous adjusting entries have been made during the year

In: Accounting

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year...

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year ended December 31, 2018, appears below:

Service revenue $ 1,220,000
Operating expenses 860,000
Income before income taxes 360,000
Income tax expense 72,000
Net income $ 288,000


The following balance sheet information also is available:

12/31/18 12/31/17
Cash $ 491,000 $ 86,000
Accounts receivable 152,000 116,000
Accounts payable (operating expenses) 102,000 76,000
Income taxes payable 26,000 47,000


In addition, the following transactions took place during the year:

Common stock was issued for $132,000 in cash.

Long-term investments were sold for $66,000 in cash. The original cost of the investments also was $66,000.

$96,000 in cash dividends was paid to shareholders.

The company has no outstanding debt, other than those payables listed above.

Operating expenses include $46,000 in depreciation expense.


Required:
1. Prepare a statement of cash flows for 2018 for the Diversified Portfolio Corporation. Use the direct method for reporting operating activities.
2. Prepare the cash flows from operating activities section of Diversified’s 2018 statement of cash flows using the indirect method.

In: Accounting

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year...

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year ended December 31, 2021, appears below:

Service Revenue $1,080,000
Operating Expenses $790,000
Income before Income Tax $290,000
Income Tax Expense $72,500
Net Income $217,500

The following balance sheet information also is available:

12/31/2021 12/31/2020
Cash $399,500 $79,000
Accounts Receivable $138,000 $109,000
Accrued Liabilities (for operating expense) $88,000 $69,000
Income Taxes Payable $19,000 $33,000

In addition, the following transactions took place during the year:

  1. Common stock was issued for $118,000 in cash.
  2. Long-term investments were sold for $59,000 in cash. The original cost of the investments also was $59,000.
  3. $89,000 in cash dividends was paid to shareholders.
  4. The company has no outstanding debt, other than those payables listed above.
  5. Operating expenses include $39,000 in depreciation expense.

Required:
1. Prepare a statement of cash flows for 2021 for the Diversified Portfolio Corporation. Use the direct method for reporting operating activities.
2. Prepare the cash flows from operating activities section of Diversified’s 2021 statement of cash flows using the indirect method.
  

In: Accounting

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year...

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year ended December 31, 2021, appears below:

Service revenue $ 940,000
Operating expenses 720,000
Income before income taxes 220,000
Income tax expense 55,000
Net income $ 165,000


The following balance sheet information also is available:

12/31/2021 12/31/2020
Cash $ 326,000 $ 72,000
Accounts receivable 124,000 102,000
Accrued liabilities (for operating expenses) 74,000 62,000
Income taxes payable 12,000 19,000


In addition, the following transactions took place during the year:

  1. Common stock was issued for $104,000 in cash.
  2. Long-term investments were sold for $52,000 in cash. The original cost of the investments also was $52,000.
  3. $82,000 in cash dividends was paid to shareholders.
  4. The company has no outstanding debt, other than those payables listed above.
  5. Operating expenses include $32,000 in depreciation expense.


Required:
1. Prepare a statement of cash flows for 2021 for the Diversified Portfolio Corporation. Use the direct method for reporting operating activities.
2. Prepare the cash flows from operating activities section of Diversified’s 2021 statement of cash flows using the indirect method.

In: Accounting

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year...

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year ended December 31, 2018, appears below:

Service revenue $ 1,060,000
Operating expenses 780,000
Income before income taxes 280,000
Income tax expense 84,000
Net income $ 196,000


The following balance sheet information also is available:

12/31/18 12/31/17
Cash $ 375,000 $ 78,000
Accounts receivable 136,000 108,000
Accounts payable (operating expenses) 86,000 68,000
Income taxes payable 18,000 31,000


In addition, the following transactions took place during the year:

  1. Common stock was issued for $116,000 in cash.
  2. Long-term investments were sold for $58,000 in cash. The original cost of the investments also was $58,000.
  3. $88,000 in cash dividends was paid to shareholders.
  4. The company has no outstanding debt, other than those payables listed above.
  5. Operating expenses include $38,000 in depreciation expense.


Required:
1. Prepare a statement of cash flows for 2018 for the Diversified Portfolio Corporation. Use the direct method for reporting operating activities.
2. Prepare the cash flows from operating activities section of Diversified’s 2018 statement of cash flows using the indirect method.

In: Accounting

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year...

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year ended December 31, 2021, appears below:

Service revenue $ 1,160,000
Operating expenses 830,000
Income before income taxes 330,000
Income tax expense 82,500
Net income $ 247,500


The following balance sheet information also is available:

12/31/2021 12/31/2020
Cash $ 441,500 $ 83,000
Accounts receivable 146,000 113,000
Accrued liabilities (for operating expenses) 96,000 73,000
Income taxes payable 23,000 41,000


In addition, the following transactions took place during the year:

  1. Common stock was issued for $126,000 in cash.
  2. Long-term investments were sold for $63,000 in cash. The original cost of the investments also was $63,000.
  3. $93,000 in cash dividends was paid to shareholders.
  4. The company has no outstanding debt, other than those payables listed above.
  5. Operating expenses include $43,000 in depreciation expense.


Required:
1. Prepare a statement of cash flows for 2021 for the Diversified Portfolio Corporation. Use the direct method for reporting operating activities.
2. Prepare the cash flows from operating activities section of Diversified’s 2021 statement of cash flows using the indirect method.
  

In: Accounting

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year...

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year ended December 31, 2018, appears below: Service revenue $ 1,100,000 Operating expenses 800,000 Income before income taxes 300,000 Income tax expense 60,000 Net income $ 240,000 The following balance sheet information also is available: 12/31/18 12/31/17 Cash $ 425,000 $ 80,000 Accounts receivable 140,000 110,000 Accounts payable (operating expenses) 90,000 70,000 Income taxes payable 20,000 35,000 In addition, the following transactions took place during the year: Common stock was issued for $120,000 in cash. Long-term investments were sold for $60,000 in cash. The original cost of the investments also was $60,000. $90,000 in cash dividends was paid to shareholders. The company has no outstanding debt, other than those payables listed above. Operating expenses include $40,000 in depreciation expense. Required: 1. Prepare a statement of cash flows for 2018 for the Diversified Portfolio Corporation. Use the direct method for reporting operating activities. 2. Prepare the cash flows from operating activities section of Diversified’s 2018 statement of cash flows using the indirect method.

In: Accounting