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In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2020. Information related to the contract is as follows:

Westgate recognizes revenue over time according to percentage of completion.

rev: 09_15_2017_QC_CS-99734

2-a. In the journal below, complete the necessary journal entries for the year 2018 (credit "Various accounts" for construction costs incurred).
2-b. In the journal below, complete the necessary journal entries for the year 2019 (credit "Various accounts" for construction costs incurred).
2-c. In the journal below, complete the necessary journal entries for the year 2020 (credit "Various accounts" for construction costs incurred).

Selected financial statement information and additional data for Jasmine Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2020

December 31

2020 2019

Cash $65,000 $42,000

Accounts receivable (net) 144,200 84,000

Inventory 206,600 168,000

Land 21,000 58,800

Equipment…………………………………. 789,600 504,000

A/D- Eqp………....................................... 115,600 84,000

Accounts payable 86,000 50,400

Notes payable - short-term 29,400 67,200

Notes payable - long-term 302,400 168,000

Common stock 487,200 420,000

Retained earnings 205,800 67,200

*change in inventory is an operating activity*

Additional data for 2020:

1. Net income was $220,200.

2. Depreciation was $?

3. Land was sold at its original cost.

4. Dividends of $81,600 were paid.

5. Equipment was purchased for $84,000 cash.

6. A long-term note for $134,400 issued for equipment purchase.

7. New owners invested in company by purchasing 100 shares of Common stock for cash.

Each of the following, tell how it shifts demand and/or suppply of Euros on foreign exchange markets.

A. US investors want to diversify by buying more Euopean stocks and bonds.

B. US cars become more popular in Euope, so Europeans buy more US Cars.

C. Because of a rise in US interest rates, both US and European Investors want to buy more US bonds and fewer European bonds

D. Because of a fall in US Interest rates, both US investors and European Investors want to buy fewer US Bonds and more European Bonds.

researchers at Vanderbilt University were curious about whether consumers are able to use the information on nutritional labels. They surveyed 200 primary care patients at the University Medical Center. In one question, respondents were asked to calculate the number of grams of carbohydrates in a single serving of soda, using the information on the label of a 20-ounce bottle (2.5 servings). Only 32% answered correctly. With 95% confidence, what is the margin of error in this estimate? ______

If the researchers want to reduce the margin of error to .05 or less, with 95% confidence, how many patients should they survey? (Use p* = 0.32 from the survey above)_____

DMPA is an injectable contraceptive drug that lasts for 3 months. In a study of birth control methods, 902 users experienced 2 unintended pregnancies. Give a 90% confidence interval for the probability of an unintended pregnancy for users of DMPA using the plus four method.

lower limit =

Upper limit =

Twenty-five students from Harry High School were accepted at Magic University. Of those students, 10 were offered athletic scholarships and 15 were not. Mrs. Hermione believes Magic University may be accepting people with lower ACT scores if they are athletes. The newly accepted student ACT scores are shown here. Athletic scholarship: 16, 24, 20, 25, 24, 23, 21, 22, 20, 20 No athletic scholarship: 23, 25, 26, 30, 32, 26, 28, 29, 26, 27, 29, 27, 22, 24, 25 Part A: Do these data provide convincing evidence of a difference in ACT scores between athletes and nonathletes? Carry out an appropriate test at the α = 0.10 significance level. (5 points) Part B: Create and interpret a 90% confidence interval for the difference in ACT scores between athletes and nonathletes. (5 points)

Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at a local university and earns a salary of $64,850. Meg works part-time at the same university. She earns $34,150 a year. The couple does not itemize deductions. Other than salary, the Comers’ only other source of income is from the disposition of various capital assets (mostly stocks). (Use the tax rate schedules,Dividends and Capital Gains Tax Rates.) (Round your final answers to the nearest whole dollar amount.)

a. What is the Comers’ total income tax liability for 2019 (including income tax on wages) if they report the following capital gains and losses for the year?

Short-term capital gains $ 9,230

Short-term capital losses (2,230 )

Long-term capital gains 15,450

Long-term capital losses (6,450 )

Renee Carter has decided to study medicine at a university in Melbourne. She has arranged to stay with a family on the north side of the city. In order to get to and from the university, she decides she will need to buy a car, costing a maximum of $10 000. She searches the Internet and comes across the following at Car City:

MAZDA 323 Red, 4D Sedan; 5 SP Manual; 2.0 Ltr, 4 cycl; odometer 153 293.

Required ?A. Evaluate how useful this information is in arriving at a decision.

B. List extra information that Renee should ascertain before deciding whether to buy this car.

C. Assume that Renee does purchase the car, and subsequently finds that the car has mechanical problems that will require $2000 to fix. Discuss what she should do, given that she does not have enough money to pay for the repairs.

D. Hypothesise as to how ethical the community regards used car salespeople.

Mumps is a highly contagious viral infection that most often occurs in children, but can affect adults, particularly if they are living in shared living spaces such as college dormitories. It is most recognizable by the swelling of salivary glands at the side of the face under the ears, but earlier symptoms include headaches, fever, and joint pain. Suppose a college student at a university presents to a physician with symptoms of headaches, fever, and joint pain. Let A = {headaches, fever, and joint pain}, and suppose that the possible disease state of the patient can be partitioned into: B1 = normal, B2 = common cold, B3 = mumps. From clinical experience, the physician estimates P(A|Bi): P(A|B1) = 0.001, P(A|B2) = 0.70, P(A|B3) = 0.95. The physician, aware that some students have contracted the mumps, then estimates that for students at this university, P (B1) = 0.95, P (B2) = 0.025, and P (B3) = 0.025. Given the previous symptoms, which of the disease states is most likely?

Food and Beverages at Northeastern University Football Games

Northeastern University (NEU), a large state college in Stephenville, Texas, 30 miles northeast of the Dallas/Fort Worth metroplex, enrolls close to 20,000 students. The school is the dominant force in the small city, with more students during fall and spring than permanent residents.

A longtime football powerhouse, NEU is a member of the Big Eleven conference and is usually in the top 20 in college football rankings. To bolster its chances of reaching the elusive and long-desired number-one ranking, in 2010 NEU hired the legendary Bo Pitterno as its head coach. Although the number one ranking remained out of reach, attendance at the five Saturday home games each year increased. Prior to Pitterno’s arrival, attendance generally averaged 25,000–29,000. Season ticket sales bumped up by 10,000 just with the announcement of the new coach’s arrival. Stephenville and NEU were ready to move to the big time!

With the growth in attendance came more fame, the need for a bigger stadium, and more complaints about seating, parking, long lines, and concession stand prices. Northeastern University’s president, Dr. Marty Starr, was concerned not only about the cost of expanding the existing stadium versus building a new stadium but also about the ancillary activities. He wanted to be sure that these various support activities generated revenue adequate to pay for themselves. Consequently, he wanted the parking lots, game programs, and food service to all be handled as profit centers. At a recent meeting discussing the new stadium, Starr told the stadium manager, Hank Maddux, to develop a break-even chart and related data for each of the centers. He instructed Maddux to have the food service area break-even report ready for the next meeting. After discussion with other facility managers and his subordinates, Maddux developed the following table showing the suggested selling prices, and his estimate of variable costs, and the percent revenue by item. It also provides an estimate of the percentage of the total revenues that would be expected for each of the items based on historical sales data.

Maddux’s fixed costs are interesting. He estimated that the prorated portion of the stadium cost would be as follows:

salaries for food services at $100,000 ($20,000 for each of the five home games); 2,400 square feet of stadium space at $2 per square foot per game; and six people per booth in each of the six booths for 5 hours at $7 an hour. These fixed costs will be proportionately allocated to each of the products based on the percentages provided in the table. For example, the revenue from soft drinks would be expected to cover 25% of the total fixed costs.

Maddux wants to be sure that he has a number of things for President Starr:

(1) the total fixed cost that must be covered at each of the games;

(2) the portion of the fixed cost allocated to each of the items;

(3) what his unit sales would be at break-even for each item—that is, what sales of soft drinks, coffee, hot dogs, and hamburgers are necessary to cover the portion of the fixed cost allocated to each of these items;

(4) what the dollar sales for each of these would be at these break-even points; and

(5) realistic sales estimates per attendee for attendance of 60,000 and 35,000. (In other words, he wants to know how many dollars each attendee is spending on food at his projected break-even sales at present and if attendance grows to 60,000.) He felt this last piece of information would be helpful to understand how realistic the assumptions of his model are, and this information could be compared with similar figures from previous seasons.

Discussion Question

1. Prepare a brief report with the items noted so it is ready for Dr. Starr at the next meeting.

Note: Answers should be in word version format please

Alicia is a busy university student who spends her days in university attending classes or studying. In addition to her three meals, she packs two snacks to take with her to school. However, she doesn't always consume both snacks. Let X be the number of snacks she consumes per day. The distribution of X is as follows: x 0 1 2 P(X=x) 0.05 0.35 0.60 Assume the number of snacks per day is independent from day to day. A.[5] Find the sampling distribution of the average of snacks for two randomly selected days. B.[6] Find the expected value and variance for both X and �%. C.[3] Suppose that 36 days were selected at random. What is the sampling distribution of the sample mean based on n = 36? Why? D.[3] Suppose that 36 days were selected at random. What is the probability that the average number of snacks that Alicia consumed is at most 2.5 snacks per day, during the selected 36 days.