Questions
Condition : Turner Syndrome (45, XO) in XO individual (compare with typical XX) compare the developent...

Condition : Turner Syndrome (45, XO) in XO individual (compare with typical XX)

compare the developent with the development of an individual of the same sex chromosome set, but without any of the mutations that caused the condition

In: Anatomy and Physiology

Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services,...

Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The current fee is $23.95 per hundred square feet. However, there is some question about whether the company is actually making any money on jobs for some customers—particularly those located on remote ranches that require considerable travel time. The owner’s daughter, home for the summer from college, has suggested investigating this question using activity-based costing. After some discussion, she designed a simple system consisting of four activity cost pools. The activity cost pools and their activity measures appear below:

Activity Cost Pool Activity Measure Activity for the Year
Cleaning carpets Square feet cleaned (00s) 11,000 hundred square feet
Travel to jobs Miles driven 230,000 miles
Job support Number of jobs 2,100 jobs
Other (organization-sustaining costs and idle capacity costs) None Not applicable

The total cost of operating the company for the year is $358,000 which includes the following costs:

Wages $ 143,000
Cleaning supplies 21,000
Cleaning equipment depreciation 17,000
Vehicle expenses 30,000
Office expenses 68,000
President’s compensation 79,000
Total cost $ 358,000

Resource consumption is distributed across the activities as follows:

Distribution of Resource Consumption Across Activities
Cleaning Carpets Travel to Jobs Job Support Other Total
Wages 75 % 14 % 0 % 11 % 100 %
Cleaning supplies 100 % 0 % 0 % 0 % 100 %
Cleaning equipment depreciation 69 % 0 % 0 % 31 % 100 %
Vehicle expenses 0 % 75 % 0 % 25 % 100 %
Office expenses 0 % 0 % 65 % 35 % 100 %
President’s compensation 0 % 0 % 27 % 73 % 100 %

Job support consists of receiving calls from potential customers at the home office, scheduling jobs, billing, resolving issues, and so on.

Required:

1. Prepare the first-stage allocation of costs to the activity cost pools.

2. Compute the activity rates for the activity cost pools.

3. The company recently completed a 600 square foot carpet-cleaning job at the Flying N Ranch—a 54-mile round-trip journey from the company’s offices in Bozeman. Compute the cost of this job using the activity-based costing system.

4. The revenue from the Flying N Ranch was $143.70 (600 square feet @ $23.95 per hundred square feet). Calculate the customer margin earned on this job.

Prepare the first-stage allocation of costs to the activity cost pools.

Cleaning Carpets Travel to Jobs Job Support Other Total
Wages
Cleaning supplies
Cleaning equipment depreciation
Vehicle expenses
Office expenses
President’s compensation
Total cost

Compute the activity rates for the activity cost pools. (Round your answers to 2 decimal places.)

Activity Cost Pool Activity Rate
Cleaning carpets per hundred square feet
Travel to jobs per mile
Job support per job

The company recently completed a 600 square foot carpet-cleaning job at the Flying N Ranch—a 54-mile round-trip journey from the company’s offices in Bozeman. Compute the cost of this job using the activity-based costing system. (Round your intermediate calculations and final answer to 2 decimal places.)

Cost of the job

The revenue from the Flying N Ranch was $143.70 (6 hundred square feet @ $23.95 per hundred square feet). Calculate the customer margin earned on this job. (Negative customer margins should be indicated with a minus sign. Round your intermediate calculations and final answers to 2 decimal places.)

Customer margin

In: Accounting

Background: Leaders are the most important and powerful influence on the culture of an organization. A...


Background: Leaders are the most important and powerful influence on the culture of an organization. A leader must earn and develop credibility and trust from desirable actions and behaviours. This activity is aimed at helping students (as future leaders) to consider the role of the leader in setting the moral tone and ethical climate at the workplace.

Instructions: Discuss your approach to the following 4 ethical dilemmas, in terms of the potential consequences that each dilemma present and your leadership advice.

SCENARIO A: Sorenson has been the head of the Sales department for the last 6 months. Approaching the end of the financial year, Thomas, the president of the company wants him to increase the projections for new sales for the next year in order to guarantee that the board endorses their new product line. The current data does not support the numbers the president wants to use. On the one hand, Sorenson does report directly to the president and he wants Thomas to see him as a team player. On the other hand, the numbers can lead to devastation if the sales team does not come through by the middle of next year. What should Sorenson do?

SCENARIO B :Sara is a relatively new lecturer at the university and is eager to show that she fits in well with the existing culture. Although new, her husband is a well-known benefactor to the university and to the faculty where Sara works. Jenny, a teaching assistant assigned to Sara’s courses, informs her of complaints she has received from Sara’s students about her inability to answer questions in class and her inaccessibility after class. Fearing that she would lose her job, Sara approaches the faculty Dean to falsely report that the students were complaining about Jenny. The Dean calls Jenny into a meeting and asks her to respond to the allegations. Advise Jenny.

SCENARIO C: Joe and Elena have openly expressed their interest in filling the post of vice president of student affairs for a faith-based educational institution after Mrs. Hayward’s retirement. One evening, Joe was trolling various social media platforms when he discovered a video of Elena behaving unruly at a music festival in 1998. Determined to set a high standard for staff and students, the employer frowns heavily upon any unfavourable behaviours of their employees. If he presents this video to the hiring manager, it will look as if he wanted to undermine Elena’s chance of getting the job. What should he do?


SCENARIO D: Zoya works for a small toy manufacturing company that offers a wide variety of products to the popular GoodSmart franchise. One of the designers of the latest action figure was recently fired for falsifying reports on recent test trials to push the toy to market. Apparently, the latest action figure posed a potential choking hazard to young children. Zoya wonders if she should report the potential hazard before anyone gets hurt. However, the recall would cost her company money and result in loss of sales. Advise Zoya.

In: Economics

You are attempting to determine whether you are taller or shorter than the average student currently...

You are attempting to determine whether you are taller or shorter than the average student currently enrolled in your university. You have just learned about sampling and have decided to sample students to determine the average height at your university.

Required: What are some advantages and disadvantages of using sampling to answer this question as opposed to examining the entire population? Give some other examples of when you would be more likely to use sampling (applied to this particular example) as opposed to examining the entire population. In what cases might you want to examine the entire population?

In: Accounting

3. The Idaho State University athletics department conducted a research study to see how many students...

3. The Idaho State University athletics department conducted a research study to see how many students attended a women’s lacrosse game last season. There are 14,400 students attending Idaho State University, and the study showed that 400 of 1250 students sampled attended a women’s lacrosse game. What inferences can be made about student attendance at women’s lacrosse games?

(a) What is the estimated proportion for the population?

(b) Using the 95% level of confidence, what is the confidence interval?

(c) Using the 99% level of confidence, what is the confidence interval?

PLEASE SHOW ALL WORK

In: Statistics and Probability

You are attempting to determine whether you are taller or shorter than the average student currently...

You are attempting to determine whether you are taller or shorter than the average student currently enrolled in your university. You have just learned about sampling and have decided to sample students to determine the average height at your university.

Required:

What are some advantages and disadvantages of using sampling to answer this question as opposed to examining the entire population?

Give some other examples of when you would be more likely to use sampling (applied to this particular example) as opposed to examining the entire population.

In what cases might you want to examine the entire population?

In: Accounting

Step 1 - Information A new client, OC Ranger, comes to you and asks you to...

Step 1 - Information

A new client, OC Ranger, comes to you and asks you to record the business accounting transactions and prepare financial statements for a business as of December 31, 2019. The company, which uses the calendar year as its annual reporting period, began business on December 1, 2019. The name of the company is OC Ranger’s College Consulting Company.

  1. Analyze the following transactions, calculate the amount of each entry, and use the debit and credit rules to prepare a journal entry for each transaction.
  2. Post each debit and credit from the journal entries to their general ledger accounts (using T-Accounts) and cross-reference each account in the posting reference (PR) columns of the journal and ledger.
  3. Calculate each account balance and list the accounts with their balances on a trial balance. Use the Accounting Worksheet to prepare the trial balance.
  4. Verify that the total debits in the trial balance equal the total credits.

Accounting Transactions:

12/1/2019            OC Ranger invested $25,000 cash into a new business, OC Ranger’s College Consulting Company.

12/1/2019            $600 cash was paid for one month’s rent expense.

12/1/2019            $1,500 cash was paid to purchase a computer system.

12/1/2019            $7,000 of office equipment was purchased. $1,000 cash was paid as a down payment on the equipment and a note payable of $6,000 was signed for the remainder owed on the equipment.

12/1/2019            $3,000 of office supplies were purchased. $1,000 cash was paid and $2,000 was charged as an accounts payable.

12/1/2019            $2,400 cash was paid to purchase a 12-month prepaid insurance policy.

12/1/2019            $400 cash was paid to purchase advertising for the month of December.

12/15/2019         $2,100 cash was received from customers for consulting services revenue paid in cash.

12/15/2019         Customers were billed $3,600 for consulting services revenue earned on credit, which are recorded as accounts receivable.

12/20/2019         $900 cash was paid to a part-time employee for wages earned December 1 through December 15.

12/20/2019         $1,900 cash was received from customers for consulting services revenue paid in cash.

12/21/2019         $1,800 cash was collected from customers’ accounts receivable.

12/22/2019         $1,000 cash was received as a deposit from a customer for a special-order project the customer requested. The $1,000 is to be recorded in unearned revenue.

12/31/2019         Customers were billed $2,500 for consulting services revenue earned on credit, which are recorded as accounts receivable.

12/31/2019         $190 cash was paid for the office telephone bill.

12/31/2019         OC Ranger withdrew $3,000 cash from the business.

Chart of Accounts to be used for this client

101 Cash
106 Accounts Receivable
124 Office Supplies
128 Prepaid Insurance
163 Office Equipment
164 Accumulated Depreciation - Office Equip
167 Computer
168 Accumulated Depreciation - Computer
201 Accounts Payable
202 Interest Payable
208 Wages Payable
212 Unearned Revenue
245 Notes Payable
301 OC Ranger, Owner's Capital
302 OC Ranger, Owner's Withdrawal
403 Consulting Services Revenue
612 Depreciation Expense - Office Equipment
613 Depreciation Expense - Computer
623 Wages Expense
633 Interest Expense
637 Insurance Expense
640 Rent Expense
650 Office Supplies Expense
655 Advertising Expense
688 Telephone Expense
690 Utilities Expense

Step 2 - Information

The following information relates to your new client’s accounts. The company initially records prepaid and unearned items in balance sheet accounts (assets and liabilities, respectively).

  1. Prepare all necessary adjusting entries on December 31, 2019. Use the debit and credit rules to prepare a journal entry for each transaction.
  2. Post each debit and credit from the journal entries to their general ledger accounts (using T-Accounts) and cross-reference each account in the posting reference (PR) columns of the journal and ledger.
  3. Calculate each adjusted account balance and list the adjusted balances on an adjusted trial balance. Use the Accounting Worksheet to prepare the adjusted trial balance.
  4. Verify that the total debits in the adjusted trial balance equal the total credits.

Adjusting Entries

  1. Record one month of depreciation for the computer of $25
  2. Record one month of depreciation for the office equipment of $150
  3. Record one month of insurance used as of December 31, 2019 of $200.
  4. A physical count of the office supplies on December 31, 2019 shows that $1,100 of supplies are still in the storage cabinet.
  5. Half of the $1,000 deposit received from the customer requesting a special-order project (originally recorded as unearned revenue) has been earned as of December 31, 2019.
  6. Record $900 of wages payable as of December 31, 2019.
  7. Record one month of interest payable on the equipment of $50.
  8. Record the cell phone bill payable, but not paid, of $200.

Step 3 - Information

  1. Prepare your client’s financial statements for the year ended December 31, 2019.
  2. Complete the Income Statement and Balance Sheet columns of the Accounting Worksheet.
  3. Prepare the December 31, 2019, Financial Statements, including the Income Statement, Statement of OC Ranger’s Capital, and the Balance Sheet.

Step 4 - Information

Prepare closing entries for your client.

  1. Prepare all necessary closing entries on December 31, 2019. Use the debit and credit rules to prepare a journal entry for each transaction, post the journal entries to the Adjusting and Closing Journal.
  2. Close revenue and expense accounts to the Income Summary account in the general ledger.
  3. Post each debit and credit from the journal entries to their general ledger accounts (using T-Accounts) and cross-reference each account in the posting reference (PR) columns of the journal and ledger.
  4. Calculate each general ledger account balance after the closing entries have been posted.
  5. Enter the closing entries and list the post-closing balances on the Accounting Worksheet.
  6. Verify that the total debits in the post-closing trial balance on the worksheet equal the total credits.

In: Accounting

The following is a list of target audience examples. Your task is to identify what the...

The following is a list of target audience examples. Your task is to identify what the bases for segmentation is in each example. Is the segmentation effort Geographic, Behavioral, Demographic, or Psychographic? There could be more than one correct answer. List the letter(s) for each situation below:

A = Geographic

B = Behavioral

C = Demographic

D = Psychographic

  1. A bank that markets home loans to young married people and financial planning services to retired people
  2. A mobile phone company that targets people who frequently vacation in remote parts of the world
  3. A gourmet cheese company that targets people buying cheese platters for a dinner party or function
  4. Computer software firm that is most interested in households with a high level of software purchases
  5. Prestige car manufacturers who highlight the status associated with owning one of their vehicles
  6. Smart phone manufacturers targeting those consumers who are interested in purchasing their first smart phone in the future
  7. A plumber deciding to do letterbox drops his local area
  8. A book publisher that specializes in children’s books
  9. A home-delivered spring water company advertising in a ‘health’ magazine
  10. A travel package tour operator targeting retired people who want educational travel experiences

In: Operations Management

In each of the following​ cases, calculate the price of one share of the foreign stock...

In each of the following​ cases, calculate the price of one share of the foreign stock measured in United States dollars​ (US$).

a. A Belgian stock priced at 103.1 euros (euro) when the exchange rate is 0.9025 euro​/US$.

b. A Swiss stock priced at 93.1 Swiss francs​ (Sf) when the exchange rate is 0.968 Sf/US$.

c. A Japanese stock priced at 1,334 yen​ (¥) when the exchange rate is 109.1149 ¥/US$.

In: Finance

(A) Consider the model of long run exchange rate determination. It assumed prices were flexible and...

(A) Consider the model of long run exchange rate determination. It assumed prices were flexible and income is fixed. There are two countries, the US and Europe. There is no expectation of price stability.

Determine the effects of the following events on the US exchange rate (E$/€ )with Europe.

  • a. Europe increases its money supply by twenty percent.

  • b. There is economic growth of 4 percent in the US. At the same

    time, the US increases the money supply by 8 percent.

In: Economics