section 10.4

Medical research has shown that repeated wrist extension beyond 20 degrees increases the risk of wrist and hand injuries. Each of 24 students at a university used a proposed new computer mouse design. While using the mouse, each student's wrist extension was recorded. Data consistent with summary values given in a paper are given. Use these data to test the hypothesis that the mean wrist extension for people using this new mouse design is greater than 20 degrees. (Use

? = 0.05.

Use a statistical computer package to calculate the P-value. Round your test statistic to two decimal places and your P-value to three decimal places.)

27 26 25 24 27 28 28 25 25 25 28 26

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t =

P-value =

Baltic Supplies presented the following unadjusted trial balance as at December 31, 2016

The following information was made available at December 31, 2016

A.) Unearned revenue still not earned at December 31, 2016 amounted 120,000

B.) The prepaid insurance of 156,000 was paid on August 1, 2016 for 6 months to January 2017

C.) The building and equipment has an estimated life of (10) years and is being depreciated on the straight line method of depreciation, down to residual value of 10,000

D.) Accrued travelling expense amounted to 2,300 at December 31, 2016

E.) A physical count of inventory at December 31, 2016, reveals 315,000 worth of inventory on hand

Required to:

1 Prepare the necessary adjusting entries on December 31, 2016

2 Prepare the adjusted trial balance as at December 31, 2016

3 Prepare the company multi-step Income Statement for the year ended December 31, 2016

4 Prepare the company statement of Owner's Equity for the year ended December 31, 2016

5 Prepare the company classified Balance Sheet at December 31, 2016

home / study / business / accounting / accounting questions and answers / the mersey shoe company produces its famous? shoe, the divine loafer that sells for ?$55 ... Question: The Mersey Shoe Company produces its famous? shoe, the Divine Loafer that sells for ?$55 per pair... The Mersey Shoe Company produces its famous? shoe, the Divine Loafer that sells for ?$55 per pair. Operating income for 2017 is as? follows: Sales revenue ($55 per pair) $220,000 Variable cost ($20 per pair) 80,000 Contribution margin 140,000 Fixed cost 70,000 Operating income $70,000 Mersey Shoe Company would like to increase its profitability over the next year by at least? 25%. To do? so, the company is considering the following? options: 1. Replace a portion of its variable labor with an automated machining process. This would result in a 25?% decrease in variable cost per? unit, but a 10?% increase in fixed costs. Sales would remain the same. 2. Spend $35,000 a new advertising? campaign, which would increase sales by 40?%. 3. Increase both selling price by $10 per unit and variable costs by $8 per unit by using a higher quality leather material in the production of its shoes. The higher priced shoe would cause demand to drop by approximately15?%. 4. Add a second manufacturing facility that would double Mersey?'s fixed? costs, but would increase sales by 60?%. Evaluate each of the alternatives considered by MerseyMersey Shoes. ?(Use parentheses or a minus sign for an operating? loss.) Alternative 1 Sales revenue Variable cost Contribution margin Fixed cost Operating income (loss) Alternative 2 Alternative 3 Alternative 4 Do any of the options meet or exceed MerseyMersey?'s targeted increase in income of? 25%? ?(Round your answers to the nearest whole percent. Use parentheses or a minus sign for a negative percentage? change.) Percent change in Alternative operating income Meet or Exceed? 1 % 2 % 3 % 4 % What should MerseyMersey ?do? ? Alternative 1 Alternative 4 Alternative 2 Alternative 3 has the highest operating income. ? This alternative also meets or exceeds However, this alternative does not meet or exceed the targeted increase in income of? 25% ? and should be chosen by Mersey. and, therefore, should only be chosen by Mersey if they are okay with not meeting the target percent. Choose from any list or enter any number in the input fields and then continue to the next question.

Miley Block is a building consultant. Shown below are (a) several accounts in her ledger with each account preceded by an identification number, and (b) several transactions completed by Block. Journalize the transactions for the company. 1. Accounts Payable 7. Telephone Expense 2. Accounts Receivable 8. Unearned Revenue 3. Cash 9. Common Stock 4. Consulting Fees Earned 10. Dividends 5. Office Supplies 11. Insurance Expense 6. Office Supplies Expense 12. Prepaid Insurance A. Received cash of $100,000 in advance from a customer for designing a building B. Purchased office supplies on credit in the amount of $750. C. Paid for the supplies purchased in B. D. Received the telephone bill of the business and immediately paid it, amount $150. E. Paid for a 3-year insurance policy of $1400.

Select the 10 ratios you deem most important financial ratios for a 3-year period. Based on your analysis of your ratios

1) What 3 items of important information does the income statement ratios reveal about the financial performance of the company?

Select the 10 ratios you deem most important financial ratios for a 3-year period. Based on your analysis of your ratios

What 3 items of important information does the balance sheet ratios reveal about the financial position of the company?

You are a manager at a pharmaceutical company, and one of your scientists has developed a new statin that has no side effects. The initial cost to launch the drug will be $1,000,000. The revenue is projected to be produced according to one of two timelines, based on marketing. The first timeline has revenues of $100,000, $300,000, and $900,000 in years 1, 2, and 3, respectively. The second timeline has revenues of $900,000, $300,000, and $100,000 in years 1, 2, and 3, respectively.

(a) Provide the timelines for each scenario. Which timeline produces the greater ROR? Provide an explanation that describes what you observe.

(b) Assuming a hurdle rate of 15%, what is the NPV of each scenario.

(c) Determine the Benefit Cost Ratio and Present Value Ratio.

(d) Which scenario will you choose? Why?

Eastern Edison Company leased equipment from Low-Tech Leasing on January 1, 2018. Low-Tech recently purchased the equipment at a cost of $222,664.

There is no expected residual value.

Required:
Prepare appropriate journal entries for Low-Tech Leasing for 2018. Assume a December 31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts.)

Record the entry at the inception of the lease

Record the entry for annual payment receipt

Record the entry for interest revenue

Below information pertains to Eller Equipment Company for the year 2018. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) Salaries expense $109,000 Beginning retained earnings $ 48,100 Common stock 97,000 Warranties payable (short term) 5,200 Notes receivable (short term) 19,500 Gain on sale of equipment 13,000 Allowance for doubtful accounts 21,000 Operating expenses 52,000 Accumulated depreciation 53,000 Cash flow from investing activities 103,000 Notes payable (long term) 89,350 Prepaid rent 25,000 Salvage value of building 17,000 Land 82,000 Interest payable (short term) 8,000 Cash 35,300 Uncollectible accounts expense 32,000 Inventory 130,000 Supplies 5,200 Accounts payable 42,000 Equipment 160,650 Interest Expense 23,000 Interest revenue 4,900 Salaries payable 55,000 Sales revenue 914,000 Unearned revenue 34,000 Dividends 22,000 Cost of goods sold 582,000 Warranty expense 7,900 Accounts receivable 95,000 Interest receivable (short term) 2,300 Depreciation expense 1,700 Required Prepare a multistep income statement for Eller Equipment Company for 2018. Prepare a classified balance sheet for Eller Equipment Company for 2018.