It is important that a survey is anonymous. It is important for several reasons. Yes, due to the sensitivity and to expand on this, we hope the participants would be honest and this is more likely if it is anonymous. However, the participants may still not be honest because of fear of getting in trouble.

There are valid reasons why the survey questions may need to be closed ended. How many questions would you include on the survey? Would you have any questions that determine if a person is being dishonest?

The North Central Water Company has finalized its financial statements for the 2019 financial year. The Company's board of directors has asked you, their cost accountant, to look at the financial results and to compare the financial performance for the 2019 fiscal year to the results of the 2018 financial year. The board would also like you to project the revenues and expenses for the 2020 financial year based on several key assumptions. They have asked you to submit an excel file containing the financial results and budget projections as well as a one page memorandum of your findings.

Financial Results:

Total Number of Customers       26,000 25,000

2019    % of Total Revenues   2018    % of Total Revenues

Revenues:

Water Sales $1,162,000 ? $1,200,000 ?

Late Fees 87,000 ? 68,000 ?

Fire Hydrant Fees    114,500 ? 122,000 ?

  Total Revenues $1,363,500 100% $1,390,000 100%

Expenses:

Cost of Water Sold $512,000 ? $278,000 ?

Payroll Expense 608,000 ? 450,000 ?

Overhead Expense 292,050 ?    200,000 ?

Miscellaneous Expenses 64,075. ? 78,000    ?

   Total Expenses $1,476,125 ? $1,006,000    ?

Net Income (Loss) <$112,625> ?    $ 384,000 ?

I. Excel Analysis (Please submit your answers with the excel file provided for you in Ilearn entitled "North Central Financial Results- Student Copy".

Based on the financial results provided above, complete the excel spreadsheet file provided to you and submit your file in Ilearn. Please include include your name in the filename.

.

Required:

1. Calculate each revenue and expense item as a percentage of total revenues in 2019 and 2018 (show percentages out to TWO decimal places for all revenues and expenses, but round total revenue's percentage to ZERO decimal places- see examples in spreadsheet).

2. Calculate the water sales per customer for 2019 and 2018 (show number out to TWO decimal places- see example in spreadsheet).

3. Calculate the company's budgeted financial performance for 2020 based on the assumptions listed below for each revenue and expense item. Then calculate each item as a percentage of total revenues just like you did for 2019 and 2018. Then calculate the water sales per customer for 2020 just as you did for 2019 and 2018- see examples in spreadsheet.

4. Finally, calculate the differences in each revenue and expense item between 2020 and 2019, and 2019 and 2018- see example in spreadsheet. This will provide you with some insight about the year-to-year changes and help you with your business memo which is the second part of this project.

You must use formulas in the excel spreadsheet rather typing-in calculated numbers to get

full credit. You will also run into rounding errors unless you use formulas. Some formulas

and calculated numbers have already been included in the spreadsheet to help you. YOU

SHOULD HAVE AN ANSWER WHEREVER YOU SEE A QUESTION MARK (?)

ASSUMPTIONS:

Assume that the water company expects that in 2020:

a. The number of customers will increase by 5%.

b. Water sales will increase by 4% and late fees will increase by 1% due to increased customer demand.

c. Hydrant fees will decrease by 1% because several older hydrants will be taken out of service.

d. The cost of water sales will increase by 8% because of higher chemical costs.

e. Payroll expenses will increase by 5.5% due to wage increases and higher medical

insurance expenses.

f. Overhead expense will decrease by 4% because of efforts to reduce costs.

g. Miscellaneous expenses are expected to double because of the purchase of building supplies in anticipation of a major waterline project in 2020.

Here are some check figures to help you out:

2020 Total Revenue=1,409,705

2020 Total Expense=1,602,918

2020 Water Sales per customer= $44.27

Total Income<loss> 2020 vs 2019= <$80,588>

Total Income<loss> 2019 vs 2018=<$496,625>

Total Income <loss> as a percentage of total revenue in 2020=-13.71% Total Income <loss> as a percentage of total revenue in 2019=-8.26%

1. Macroeconomists refer to investment spending as:

buying shares of Apple stock.

buying newly issued shares of Uber stock.

purchasing physical capital.

saving for retirement.

purchasing a government savings bond.

2. In a closed economy, national savings is the sum of _______ and ______:

the budget balance; private consumption.

private saving; government tax revenue.

private saving; the budget balance.

the budget balance; trade surplus.

3. One difference between a closed and an open economy is that:

in the latter, foreign savings complement domestic savings in financing investment spending.

in the latter, the government is more open to the idea of financing investment spending than in the former.

in the former, foreign savings complement domestic savings in financing investment spending.

in the former, foreign savings finance more investment spending than in the latter.

4. The slope of the demand for loanable funds is:

upward, since it takes a higher rate of return to get more funds.

downward, because more potential projects yield 10% than yield 5%.

upward, because higher rates of return are necessary to cover higher costs.

downward, because demand is higher when the price to borrow money is higher.

downward, because the demand is higher when the price to borrow money is lower.

This is Physics 2, College Level: Someone answered wrong so take your time, do not rush to answer these questions. Explain how you got the answers.

A 1.00 F capacitor is charged to 6.00 V. The capacitor and an open switch is connected to a coil of wire that consists of 500 windings, which has a resistance of 1.20 Ω. This coil has a diameter of 5.00 cm and a length of 16.0 cm. A slightly smaller coil is placed inside the larger coil. The smaller coil is 2000 windings, 4.50 cm in diameter, and 16 cm long. This smaller coil has a resistance of 8.00 Ω. At t = 0 s the open switch is closed and the capacitor begins discharging through the larger coil. This leads to a changing voltage, current, magnetic field, and magnetic flux in the outer coil, which induces an Emf in the inner coil. Find the following quantities.

What will be the maximum value of the magnetic field inside the outer coil? B_{max =} ________micro Tesla (mT)

What will be the maximum induced emf across the inner coil? Vmax = _________micro Volts(mV).

What will be the induced emf across the inner coil 1.00 s after the switch is closed? V_{max = _________micro Volts(mV).}

Instructions: Using the format provided, identify for each account, including an asterisk for contra accounts:

1.   Whether the account will appear on a balance sheet (B/S), income statement (I/S), or neither (N)

2... Whether the account is an asset (A), liability (L), owners’ equity (OE), revenue (R), expense (E), or other (O)

3.   Whether the account is real or nominal

4.   Whether the account will be “closed” or left “open” at year-end

5.   Whether the account normally has a debit (Dr.) or a credit (Cr.) balance

------------------------------------------------------------------------------------------------------------------------------------------------------------

                                                           (1)                          (2)                     (3)                 (4)                       (5)

                                                   B/S, I/S, N             A, L, OE,           Real or        Open or             Dr. or

                                                                                     R, E, O            Nominal        Closed                 Cr.

------------------------------------------------------------------------------------------------------------------------------------------------------------

Example: Cash                                   B/S                          A                      Real                Open                     Dr.

------------------------------------------------------------------------------------------------------------------------------------------------------------

(a)   Unearned Rent Revenue

(b) Accounts Receivable

(c)    Inventory

(d)   Accounts Payable

(e)   Prepaid Rent

(f)    Mortgage Payable

(g)   Sales

(h)   Cost of Goods Sold

(i)    Dividends

(j)    Dividends Payable

(k)   Interest Receivable

(l)    Wages Expense

(m) Interest Revenue

(n)   Supplies

(o)   Accumulated Depreciation

(p)   Retained Earnings

(q)   Goodwill

(r)    Additional Paid-In Capital

The following information applies to the next three questions.

A portfolio manager controls $5 million in common stock. In anticipation of a stock market decline, the decision is made to hedge the portfolio using the S&P 500 futures contract. The portfolio's beta is 1.20 and the dividend yield on this portfolio is 4% annually, and the current value of the S&P 500 futures contract with 120 days to delivery is 238.50. The S&P 500 index itself is at 220.

8.   How many futures contracts should be bought or sold?

      a.    buy 101 contracts

      b.   sell 101 contracts

      c.    buy 91 contracts

      d.    sell 91 contracts

9. Suppose that when the contracts are closed out, the S&P 500 index has decreased in value by 15%. How much is the gain or loss on the combined positions? (stock portfolio and futures contracts)

      a.   $-834,246.58

      b.   $1,300,375

      c.   $466,128.42

      d.   $2,134,621.58

10. Suppose that when the contracts are closed out, the S&P 500 index has increased in value by 10%. How much is the gain or loss on the combined positions? (stock portfolio and futures contracts)

      a.   $665,753.42

      b.   $-88,375

      c.   $754,128.42

      d.   $577,378.42

English 1

The topic of this essay is a current issue facing African Americans today.

Write a 4-1/2 to 5-page formal academic essay in which you choose two documentary/news photographs, two paintings, or two advertisements to analyze in a closed-form essay. Your two visual texts should have enough in common to facilitate meaningful comparisons. Show these images in your essay (if you are analyzing videos, you’ll need to show screen captures), but also describe your two visual texts in detail to highlight what you want viewers to see and to provide a foundation for your analysis. For this closed-form analysis, choose several key points of contrast as the focus. Your thesis statement should make a claim about key differences in the way that your chosen visual texts establish their purposes and achieve their persuasive effects.

• What challenges do African Americans currently face?

• What are current issues about race equality and how do we improve our society’s approach to these issues?

• How are African Americans Discrimina Ted against in our society today?

• What are solutions to resolve racial discrimination against African Americans?

Required information

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[The following information applies to the questions displayed below.]

Leach Inc. experienced the following events for the first two years of its operations:

Year 1:

1. Issued $10,000 of common stock for cash.
2. Provided $78,000 of services on account.
3. Provided $36,000 of services and received cash.
4. Collected $69,000 cash from accounts receivable.
5. Paid $38,000 of salaries expense for the year.
6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.
7. Closed the revenue account.
8. Closed the expense account.

Year 2:

1. Wrote off an uncollectible account for $650.
2. Provided $88,000 of services on account.
3. Provided $32,000 of services and collected cash.
4. Collected $81,000 cash from accounts receivable.
5. Paid $65,000 of salaries expense for the year.
6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.

Required
a. Record the Year 1 events in general journal form and post them to T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
  

The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year.

The overhead that had been applied to production during the year is distributed among Work in Process, Finished Goods, and Cost of Goods Sold as of the end of the year as follows:

For example, of the $53,000 ending balance in work in process, $25,440 was overhead that had been applied during the year.

Required:

1. Identify reasons for entries (a) through (d).

2. Assume that the underapplied or overapplied overhead is closed to Cost of Goods Sold. Prepare the necessary journal entry.

3. Assume that the underapplied or overapplied overhead is closed proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the necessary journal entry.

Q. No.1A regenerative Rankine cycle operates with superheat, 2 stages of expansion and one open feed heater. The cycle parameters are:  Boiler exit pressure 100 bar  Super heater exit temperature 600°C  Condenser pressure 0.1 bar  Turbine isentropic efficiency 100% Assume that the feed pump work can be neglected.

i. Determine the optimal inter-stage pressure by selecting the nearest value from the Saturated Water and Steam tables. i.e. do not interpolated between tabulated values. [2 marks]

ii. Sketch the feed heater layout, indicating the fluid streams entering and leaving the feed heater, undertake and energy balance on the feed heater and hence calculate the fraction of steam bled from the turbine. [2 marks]

iii. Calculate the plants thermal efficiency and its specific steam consumption.

iv. State clearly the thermodynamic reasons for the difference in performance between this cycle and similar cycle using a closed feed heater if the closed feed heater operated according the assumptions. What is the disadvantage of using an open feed heater? [2 marks]

v. Draw a schematic diagram of the plant layout and the associated thermodynamic cycle on a T-s diagram.