In: Computer Science
In each problem show all steps of the hypothesis test. If some of the assumptions are not met, note that the results of the test may not be correct and then continue the process of the hypothesis test.
1. The Kyoto Protocol was signed in 1997, and required countries to start reducing their carbon emissions. The protocol became enforceable in February 2005. In 2004, the mean CO2 emission was 4.87 metric tons per capita. Table 7.3.3 contains a random sample of CO2 emissions in 2010 ("CO2 emissions," 2013). Is there enough evidence to show that the mean CO2 emission is lower in 2010 than in 2004? Test at the 1% level. Table #7.3.3: CO2 Emissions (in metric tons per capita) in 2010 (1.36 1.42 5.93 5.36 0.06 9.11 7.32 7.93 6.72 0.78 1.80 0.20 2.27 0.28 5.86 3.46 1.46 0.14 2.62 0.79 7.48 0.86 7.84 2.87 2.45)
2. Table #7.3.7 contains pulse rates after running for 1 minute, collected from females who drink alcohol ("Pulse rates before," 2013). The mean pulse rate after running for 1 minute of females who do not drink is 97 beats per minute. Do the data show that the mean pulse rate of females who do drink alcohol is higher than the mean pulse rate of females who do not drink? Test at the 5% level. Table #7.3.7: Pulse Rates of Woman Who Use Alcohol (176 150 150 115 129 160 120 125 89 132 120 120 68 87 88 72 77 84 92 80 60 67 59 64 88 74 68)
3. Maintaining your balance may get harder as you grow older. A study was conducted to see how steady the elderly is on their feet. They had the subjects stand on a force platform and have them react to a noise. The force platform then measured how much they swayed forward and backward, and the data is in table #7.3.10 ("Maintaining balance while," 2013). Do the data show that the elderly sway more than the mean forward sway of younger people, which is 18.125 mm? Test at the 5% level. Table #7.3.10: Forward/backward Sway (in mm) of Elderly Subjects (19 30 20 19 29 25 21 24 50)
In: Statistics and Probability
See last 2 tables
1) budgeted mthly income statements. where i have added comments are the items i need . i have put answers that are not correct for june and total column last 3 items for each column
2) for budgedted balance sheet I have added comments on answer section . I have put answers that are not correct for interest payable and stockholders'equity.
Developing a Master Budget
for a Merchandising Organization
Peyton Department Store prepares budgets quarterly. The following
information is available for use in planning the second quarter
budgets for 2010.
| PEYTON DEPARTMENT STORE Balance Sheet March 31, 2010 |
|||
|---|---|---|---|
| Assets | Liabilities and Stockholders' Equity | ||
| Cash | $3,000 |
Accounts payable |
$26,000 |
| Accounts receivable | 25,000 |
Dividends payable |
17,000 |
| Inventory | 30,000 |
Rent payable |
2,000 |
| Prepaid Insurance | 2,000 |
Stockholders' equity |
40,000 |
| Fixtures | 25,000 | ||
| Total assets | $85,000 |
Total liabilities and equity |
$85,000 |
Actual and forecasted sales for selected months in 2010 are as follows:
| Month | Sales Revenue |
|---|---|
| January | $50,000 |
| February | 50,000 |
| March | 40,000 |
| April | 50,000 |
| May | 60,000 |
| June | 70,000 |
| July | 90,000 |
| August | 80,000 |
Monthly operating expenses are as follows:
| Wages and salaries | $27,000 |
| Depreciation | 100 |
| Utilities | 1,000 |
| Rent | 2,000 |
Cash dividends of $17,000 are declared during the third month of
each quarter and are paid during the first month of the following
quarter. Operating expenses, except insurance, rent, and
depreciation are paid as incurred. Rent is paid during the
following month. The prepaid insurance is for five more months.
Cost of goods sold is equal to 50 percent of sales. Ending
inventories are sufficient for 120 percent of the next month's
sales. Purchases during any given month are paid in full during the
following month. All sales are on account, with 50 percent
collected during the month of sale, 40 percent during the next
month, and 10 percent during the month thereafter. Money can be
borrowed and repaid in multiples of $1,000 at an interest rate of
12 percent per year. The company desires a minimum cash balance of
$3,000 on the first of each month. At the time the principal is
repaid, interest is paid on the portion of principal that is
repaid. All borrowing is at the beginning of the month, and all
repayment is at the end of the month. Money is never repaid at the
end of the month it is borrowed.
(a) Prepare a purchases budget for each month of the second quarter
ending June 30, 2010.
| Peyton Department Store Monthly Purchase Budget Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Budgeted purchases | $Answer | $Answer | $Answer | $Answer |
(b) Prepare a cash receipts schedule for each month of the second quarter ending June 30, 2010. Do not include borrowings.
| Peyton Department Store Schedule of Monthly Cash Receipts Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Total cash receipts | $Answer | $Answer | $Answer | $Answer |
(c) Prepare a cash disbursements schedule for each month of the second quarter ending June 30, 2010. Do not include repayments of borrowings.
| Peyton Department Store Schedule of Monthly Cash Disbursements Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Total cash disbursements | $Answer | $Answer | $Answer | $Answer |
(d) Prepare a cash budget for each month of the second quarter ending June 30, 2010. Include budgeted borrowings and repayments.
Only use negative signs, if needed, for: excess receipts over disbursements, balance before borrowings and cash balances (beginning and ending).
| Peyton Department Store Monthly Cash Budget Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Cash balance, beginning | $Answer | $Answer | $Answer | $Answer |
| Receipts | Answer | Answer | Answer | Answer |
| Disbursements | Answer | Answer | Answer | Answer |
| Excess receipts over disb. | Answer | Answer | Answer | Answer |
| Balance before borrowings | Answer | Answer | Answer | Answer |
| Borrowings | Answer | Answer | Answer | Answer |
| Loan repayments | Answer | Answer | Answer | Answer |
| Cash balance, ending | $Answer | $Answer | $Answer | $Answer |
(e) Prepare an income statement for each month of the second quarter ending June 30, 2010.
Only use negative signs to show net losses in income.
| Peyton Department Store Budgeted Monthly Income Statements Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Sales | $Answer | $Answer | $Answer | $Answer |
| Cost of sales | Answer | Answer | Answer | Answer |
| Gross profit | Answer | Answer | Answer | Answer |
| Operating expenses: | ||||
| Wages and salaries | Answer | Answer | Answer | Answer |
| Depreciation | Answer | Answer | Answer | Answer |
| Utilities | Answer | Answer | Answer | Answer |
| Rent | Answer | Answer | Answer | Answer |
| Insurance | Answer | Answer | Answer | Answer |
| Interest | Answer | Answer | Answer(not 630) | Answer(not 1,240) |
| Total expenses | Answer | Answer | Answer(not 31,130) | Answer(not 92,740) |
| Net income | $Answer | $Answer | $Answer(not 3,870) | $Answer(not 2,740) |
(f) Prepare a budgeted balance sheet as of June 30, 2010.
| Peyton Department Store Budgeted Balance Sheet June 30, 2010 |
||||
|---|---|---|---|---|
| Assets | Liabilities and Equity | |||
| Cash | $Answer | Merchandise payable | $Answer | |
| Accounts receivable | Answer | Dividend payable | Answer | |
| Inventory | Answer | Rent payable | Answer | |
| Prepaid insurance | Answer | Loans payable | Answer | |
| Fixtures | Answer | Interest payable | Answer(not 1,240) | |
| Total assets | $Answer | Stockholders' equity | Answer(not 20,260) | |
| Total liab. & equity | $Answer(yes 123,500) | |||
In: Accounting
Developing a Master Budget- Please answer the bottom bolded
"ANSWERS" at the bottom.
for a Merchandising Organization
Peyton Department Store prepares budgets quarterly. The following
information is available for use in planning the second quarter
budgets for 2010.
| PEYTON DEPARTMENT STORE Balance Sheet March 31, 2010 |
|||
|---|---|---|---|
| Assets | Liabilities and Stockholders' Equity | ||
| Cash | $2,000 |
Accounts payable |
$26,000 |
| Accounts receivable | 25,000 |
Dividends payable |
17,000 |
| Inventory | 30,000 |
Rent payable |
1,000 |
| Prepaid Insurance | 2,000 |
Stockholders' equity |
40,000 |
| Fixtures | 25,000 | ||
| Total assets | $84,000 |
Total liabilities and equity |
$84,000 |
Actual and forecasted sales for selected months in 2010 are as follows:
| Month | Sales Revenue |
|---|---|
| January | $80,000 |
| February | 50,000 |
| March | 40,000 |
| April | 50,000 |
| May | 60,000 |
| June | 70,000 |
| July | 90,000 |
| August | 80,000 |
Monthly operating expenses are as follows:
| Wages and salaries | $27,000 |
| Depreciation | 100 |
| Utilities | 1,000 |
| Rent | 1,000 |
Cash dividends of $17,000 are declared during the third month of
each quarter and are paid during the first month of the following
quarter. Operating expenses, except insurance, rent, and
depreciation are paid as incurred. Rent is paid during the
following month. The prepaid insurance is for five more months.
Cost of goods sold is equal to 50 percent of sales. Ending
inventories are sufficient for 120 percent of the next month's
sales. Purchases during any given month are paid in full during the
following month. All sales are on account, with 50 percent
collected during the month of sale, 40 percent during the next
month, and 10 percent during the month thereafter. Money can be
borrowed and repaid in multiples of $1,000 at an interest rate of
12 percent per year. The company desires a minimum cash balance of
$2,000 on the first of each month. At the time the principal is
repaid, interest is paid on the portion of principal that is
repaid. All borrowing is at the beginning of the month, and all
repayment is at the end of the month. Money is never repaid at the
end of the month it is borrowed.
(a) Prepare a purchases budget for each month of the second quarter
ending June 30, 2010.
| Peyton Department Store Monthly Purchase Budget Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Budgeted purchases | 31,000 |
36,000 |
47,000 |
114,000 |
(b) Prepare a cash receipts schedule for each month of the second quarter ending June 30, 2010. Do not include borrowings.
| Peyton Department Store Schedule of Monthly Cash Receipts Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Total cash receipts | 46,000 | 54,000 | 64,000 | 164,000 |
(c) Prepare a cash disbursements schedule for each month of the second quarter ending June 30, 2010. Do not include repayments of borrowings.
| Peyton Department Store Schedule of Monthly Cash Disbursements Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Total cash disbursements | 72,000 |
60,000 |
65,000 | 197,000 |
(d) Prepare a cash budget for each month of the second quarter ending June 30, 2010. Include budgeted borrowings and repayments.
Only use negative signs, if needed, for: excess receipts over disbursements, balance before borrowings and cash balances (beginning and ending).
| Peyton Department Store Monthly Cash Budget Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Cash balance, beginning | 2000 |
2000 |
2000 |
6000 |
| Receipts | 46,000 |
54,000 |
64,000 |
164,000 |
| Disbursements | 72,000 |
60,000 |
65,00 |
197,000 |
| Excess receipts over disb. | -26,000 |
-6000 |
1000 |
-33000 |
| Balance before borrowings | -24000 |
-4000 |
1000 |
31000 |
| Borrowings | 26,000 |
6000 |
1000 |
33000 |
| Loan repayments | 0 |
0 |
0 |
0 |
| Cash balance, ending | 2000 |
2000 |
2000 |
2000 |
(e) Prepare an income statement for each month of the second quarter ending June 30, 2010.
Only use negative signs to show net losses in income.
| Peyton Department Store Budgeted Monthly Income Statements Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Sales | 50000 |
60000 |
70000 |
180000 |
| cost of sales | 25000 |
30,000 |
35,000 |
90,000 |
| Gross profit | 25,000 |
30000 |
35,000 |
90,000 |
| Operating expenses: | ||||
| Wages and salaries | 27000 |
27000 |
27000 |
81,000 |
| Depreciation | 100 |
100 |
100 |
300 |
| Utilities | 1000 |
1000 |
1000 |
3000 |
| Rent |
1000 |
1000 |
1000 |
3000 |
| Insurance | 400 |
400 |
400 |
1200 |
| Interest | Answer | Answer | Answer | Answer |
| Total expenses | Answer | Answer | Answer | Answer |
| Net income | Answer | Answer | Answer | Answer |
(f) Prepare a budgeted balance sheet as of June 30, 2010.
| Peyton Department Store Budgeted Balance Sheet June 30, 2010 |
||||
|---|---|---|---|---|
| Assets | Liabilities and Equity | |||
| Cash | 2000 | Merchandise payable | 47,000 | |
| Accounts receivable | 41000 | Dividend payable | 17000 | |
| Inventory | 54000 | Rent payable | 1000 | |
| Prepaid insurance | 800 | Loans payable | 33,000 | |
| Fixtures | 24,700 | Interest payable | Answer | |
| Total assets | 122500 | Stockholders' equity | Answer | |
| Total liab. & equity | 122500 | |||
In: Accounting
The balance sheet for Tactex Controls Inc., provincially
incorporated in 2018, reported the following components of equity
on December 31, 2019.
| Tactex Controls Inc. | |||
| Equity Section of the Balance Sheet | |||
| December 31, 2019 | |||
| Contributed capital: | |||
| Preferred shares, $1.4 cumulative, unlimited shares authorized; 13,000 shares issued and outstanding | $ | 385,000 | |
| Common shares, unlimited shares authorized; 68,000 shares issued and outstanding | 728,000 | ||
| Total contributed capital | $ | 1,113,000 | |
| Retained earnings | 371,000 | ||
| Total equity | $ | 1,484,000 | |
In 2020 and 2021, the company had the following transactions
affecting shareholders and the equity accounts:
| 2020 | |||
| Jan. | 1 | Sold 23,000 common shares at $9.94 per share. | |
| 5 | The directors declared a total cash dividend of $224,000 payable on Feb. 28 to the Feb. 5 shareholders of record. Dividends had not been declared for the years 2018 and 2019. All of the preferred shares had been issued during 2018. | ||
| Feb. | 28 | Paid the dividends declared on January 5. | |
| July | 1 | Sold preferred shares for a total of $156,100. The average issue price was $20 per share. | |
| Dec. | 31 | Closed the dividend accounts along with the $576,100 credit balance in the Income Summary account. | |
| 2021 | |||
| Sept. | 5 | The directors declared the required cash dividend on the preferred shares and a $0.7 per common share cash dividend payable on October 28 to the October 5 shareholders of record. | |
| Oct. | 28 | Paid the dividends declared on September 5. | |
| Dec. | 31 | Closed the Cash Dividends account along with the $542,500 credit balance in the Income Summary account. | |
Required:
1. Prepare journal entries to record the
transactions and closings for 2020 and 2021. The company uses a
cash dividends account to record declared dividends.
2. Prepare a statement of changes in equity for
the year ended December 31, 2021. (Amounts to be deducted
should be indicated by a minus sign.)
3. Prepare the equity section of the company’s
balance sheet as of December 31, 2021.
In: Accounting
1. An entrepreneur starts a small firm with one machine, and a small factory space and employs one person initially. With the aid of appropriate diagrams/table and theory, explain the process of production as he increases his output. Indicate clearly what law governs this process of production, the variable and the fixed factors used by this entrepreneur.
2. Discuss the effect of covid-19 on the level of unemployment in Ghana.
3. In March 2020 Ghana recorded its first case of Covid-19 and which subsequently led to a lock down in Kumasi and Accra. Using appropriate diagrams explain the effect of the covid-19 pandemic on equilibrium price and quantity of sanitizers on the market:
b. After the lock down.
In: Economics
In: Economics
Sara’s Ice Cream Shop is closed for six months out of the year
but has had the monthly sales amounts listed below for the last
four years.
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Asssuming that there is both seasonality and a trend, estimate monthly sales for each month of the coming year.
| 2021 | |
| MAY | |
| JUNE | |
| JULY | |
| AUGUST | |
| SEPTEMBER | |
| OCTOBER | |
In: Operations Management
To start a three-phase motor, three switches (A, B and C) are required in such a way that its operation occurs only under the following conditions: • When closed only B • When closed only C • When A and B are simultaneously closed and C is not closed • When A and C are simultaneously closed and B is not closed
In: Mechanical Engineering
Demand and supply in the market for cases of soda pop is given by
Qd=300−11P
and
Qs=4P.
Complete parts a through f below.
a) What are equilibrium price and quantity?
The equilibrium price is
P=$2020
and the equilibrium quantity is
Q=8080.
(Simplify your answers. Type integers or decimals.)
b) Suppose the government is concerned about too much sugar in peoples' diets and decides to tax soda pop sellers
$3
per case. What is the equation of the new supply curve? Let
Pc
be the price paid by the consumer.
Qs=Pc+
(Simplify your answers. Type integers or decimals.)
c) What is the new, after-tax equilibrium?
The after-tax equilibrium price is
$nothing
and the quantity is
nothing.
(Simplify your answers. Type integers or decimals.)
d) How much do consumers now pay and how much do sellers end up receiving?
Consumers will now pay
$nothing
and firms will receive
$nothing.
(Simplify your answers. Type integers or decimals.)
e) What is the value of producer surplus both before and after the tax was levied? HINT: Draw it.
The value of producer surplus before the tax was levied is
$nothing.
(Round to the nearest cent as needed.)
The value of producer surplus after the tax was levied is
$nothing.
(Round to the nearest cent as needed.)
f) What is the deadweight loss due to the tax? HINT: Draw it.
The deadweight loss is
$nothing.
(Round to the nearest cent as needed.)
Enter your answer in each of the answer boxes.
In: Economics