The accompanying data table shows the energy consumed​ (in millions of​ Btu) in one year for a random sample of households from four regions. At alpha equals 0.10​, can you conclude that the mean energy consumption of at least one region is different from the​ others? Perform a​ one-way ANOVA test by completing parts a through d. If​ convenient, use technology to solve the problem. Assume that each sample is normally distributed and that the population variances are equal. LOADING... Click to view the data table of regional energy consumption.

North West Midwest South West

136.1 132.1 56.5 124.8

109.5 79.3 63.2 58.3

101.5 61.6 50.6 46.2

114.6 98.6 51.3 108.4

160.3 68.8 127.7

182.0

watercraft Supply CompanyIncome StatementFor the year Ended october 31, 2014Revenues:Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,350,000Interest revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000Total revenues................................................$1,365,000Expenses:Cost of merchandise sold.........................................$810,000Selling expenses.................................................140,000Administrative expenses .........................................90,000Interest expense................................................. 4,000Total expenses ............................................... 1,044,000Net income .......................................................$ 321,000Your sister is considering a proposal to increase net income by offering sales discounts of 2/15, n/30, and by shipping all merchandise FOB shipping point. Currently, no sales discounts are allowed and merchandise is shipped FOB destination. It is estimated that these credit terms will increase net sales by 10%. The ratio of the cost of merchandise sold to net sales is expected to be 60%. All selling and administrative expenses are expected to remain unchanged, except for store supplies, miscellaneous selling, office supplies, and miscellaneous administrative expenses, which are expected to increase proportion-ately with increased net sales. The amounts of these preceding items for the year ended October 31, 2014, were as follows:Store supplies expense$12,000Miscellaneous selling expense6,000Office supplies expense3,000Miscellaneous administrative expense2,500The other income and other expense items will remain unchanged. The shipment of all merchandise FOB shipping point will eliminate all delivery expenses, which for the year ended October 31, 2014, were $12,000.1.Prepare a projected single-step income statement for the year ending October 31, 2015, based on the proposal. Assume all sales are collected within the discount period.2.a. Based on the projected income statement in (1), would you recommend the implementation of the proposed changes?b.Describe any possible concerns you may have related to the proposed changes described in (1).

he E.N.D. partnership has the following capital balances as of the end of the current year:

Answer each of the following independent questions:

Assume that the partners share profits and losses 3:3:2:2, respectively. Fergie retires and is paid $125,000 based on the terms of the original partnership agreement. If the goodwill method is used, what is the capital balance of the remaining three partners?

Assume that the partners share profits and losses 4:3:2:1, respectively. Pineda retires and is paid $325,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital balance of the remaining three partners? (Do not round your intermediate calculations. Round your final answers to the nearest dollar amounts.)

A family has a $ 144447 , 20 -year mortgage at 6.6 % compounded monthly. Find the monthly payment. Also find the unpaid balance after 5 years and after 10 years.

As the end of the year 1999 approached, many people worried that banks and more specifically the banks' computers would not be able to read the year 2000 correctly. This was commonly known as the Y2K problem. Many people were concerned that their bank would lose the record of their deposits etc., and made plans to take most of their funds out of the bank.

Address the potential Y2K problem from the standpoint of bank risk. What kind of bank risk potentially could have been involved? Back to the end of the year 1999, how should the different banks have prepared for the potential risks?

Your short essay will be assessed based on the qualities of structured organization, grammatical expression, and logic flow. It should consist of no more than 400 words. You should state the word count at the end of the essay.

Sean Ltd. follows a policy of a 10% depreciation charge per year on machinery and a 5% depreciation charge per year on buildings.

The following transactions occurred in 2017:

March 31, 2017       A warehouse which Sean had purchased on January 1, 2005 for $1.7 million (with a current fair value of $1 million) was exchanged for another warehouse which also had a current fair value of $1 million. Depreciation has been properly charged from Jan 1, 2005 through Dec 31, 2016. Both parcels of land on which the warehouses were located were equal in value, and had a fair value equal to book value.

June 30, 2017         Machinery with a cost of $120,000 and accumulated depreciation through December 31, 2016 of $90,000 was exchanged, along with $75,000 cash, for a parcel of land with a fair market value of $115,000.

Required

Prepare all appropriate journal entries for Sean Ltd. for the above dates.

You are on the audit team of Apollo Shoes for the year ending December 31, 2015.

Your manager has asked you to draft the audit report for the year ended December 31, 2015.

Some other things to note:

Appollo Shoes is a public entity and you did not test controls for effectivness

The following were NOT noted during the audit

No departures from GAAP

No scope limitations

No material misstatements noted

No other inforamtion presented with the financial statements

Instructions: Prepare a draft of the audit for Apollo Shoes as of December 31, 2015

Expert Answer

ZYX Corporation is preparing a cash budget for January of the coming year. The following data have been forecasted:

Sales are 40% cash. The term of credit sales is 2/10, n/30.

The collection pattern for credit sales is 75% in the month following the month of sale (of which 80% are collected within 10 days), and 23% in the month thereafter. The remaining credit sales are considered as uncollectible.

The accounts receivable balance on January 1 is $1,000,000, of which $ 700,000 represents uncollected December sales and $300,000 represents uncollected November sales.

Purchases are all on credit, with 40% paid in the month of purchase and the balance the following month.

Operating expenses are paid in the month incurred.

Starting from January, the firm desires to maintain a minimum cash balance of $150,000 at the end of each month. 6% APR loans are used to maintain the minimum cash balance.

At the end of each month, monthly interest is paid on the outstanding loan balance as of the beginning of the month. Repayments are made (at the end of the month) whenever the cash balance exceeds $150,000.

Required:

What is the amount of cash inflow from operations, what is the amount of cash outflow from operations, and what is the amount of loan balance at the end of January after loan repayments, if any?