In: Computer Science
Your client, Mary Barnhart, wants to open her own business. She is having difficulty understanding the purposes of financial statements and how they fit together across time. REQUIRED: Write a one-page letter to Ms. Barnhart explaining the purposes of the income statement, statement of owners' equity, and the balance sheet and how they are linked. Use the attached example for guidance.
Henry Whiteapples
123 Maple Street
Columbus, OH, 45888
December 21, 2004
Dear Mr. Whitebridge,
I understand you are concerned about the Statement of Cash Flows and what it means.
The Statement of Cash Flows is one of four important financial statements for every business. It provides details about the sources and uses of cash during a fiscal period (month, quarter, or year). There are three sections to the Statement of Cash Flows: Operating Activities, Investing Activities, and Financing Activities. The Operating Activities section provides details about cash receipts and payments for day-to-day operations. The Investing Activities section provides details about cash receipts and payments for long-term assets and the Financing Activities section provides details about cash receipts and payments for debt (long-term borrowing) and equity (stock) transactions. The total on this statement is equal to the cash account balance on the Balance Sheet for the same period.
I hope this explanation helps you better understand the Statement of Cash Flows. Please feel free to contact me if you have additional questions.
Sincerely,
Kelsey Sioen
In: Accounting
Year Name MinPressure_before Gender_MF Category alldeaths
1950 Easy 958 1 3 2
1950 King 955 0 3 4
1952 Able 985 0 1 3
1953 Barbara 987 1 1 1
1953 Florence 985 1 1 0
1954 Carol 960 1 3 60
1954 Edna 954 1 3 20
1954 Hazel 938 1 4 20
1955 Connie 962 1 3 0
1955 Diane 987 1 1 200
1955 Ione 960 0 3 7
1956 Flossy 975 1 2 15
1958 Helene 946 1 3 1
1959 Debra 984 1 1 0
1959 Gracie 950 1 3 22
1960 Donna 930 1 4 50
1960 Ethel 981 1 1 0
1961 Carla 931 1 4 46
1963 Cindy 996 1 1 3
1964 Cleo 968 1 2 3
1964 Dora 966 1 2 5
1964 Hilda 950 1 3 37
1964 Isbell 974 1 2 3
1965 Betsy 948 1 3 75
1966 Alma 982 1 2 6
1966 Inez 983 1 1 3
1967 Beulah 950 1 3 15
1968 Gladys 977 1 2 3
1969 Camille 909 1 5 256
1970 Celia 945 1 3 22
1971 Edith 978 1 2 0
1971 Fern 979 1 1 2
1971 Ginger 995 1 1 0
1972 Agnes 980 1 1 117
1974 Carmen 952 1 3 1
1975 Eloise 955 1 3 21
1976 Belle 980 1 1 5
1977 Babe 995 1 1 0
1979 Bob 986 0 1 1
1979 David 970 0 2 15
1979 Frederic 946 0 3 5
1980 Allen 945 0 3 2
1983 Alicia 962 1 3 21
1984 Diana 949 1 2 3
1985 Bob 1002 0 1 0
1985 Danny 987 0 1 1
1985 Elena 959 1 3 4
1985 Gloria 942 1 3 8
1985 Juan 971 0 1 12
1985 Kate 967 1 2 5
1986 Bonnie 990 1 1 3
1986 Charley 990 0 1 5
1987 Floyd 993 0 1 0
1988 Florence 984 1 1 1
1989 Chantal 986 1 1 13
1989 Hugo 934 0 4 21
1989 Jerry 983 0 1 3
1991 Bob 962 0 2 15
1992 Andrew 922 0 5 62
1993 Emily 960 1 3 3
1995 Erin 973 1 2 6
1995 Opal 942 1 3 9
1996 Bertha 974 1 2 8
1996 Fran 954 1 3 26
1997 Danny 984 0 1 10
1998 Bonnie 964 1 2 3
1998 Earl 987 0 1 3
1998 Georges 964 0 2 1
1999 Bret 951 0 3 0
1999 Floyd 956 0 2 56
1999 Irene 987 1 1 8
2002 Lili 963 1 1 2
2003 Claudette 979 1 1 3
2003 Isabel 957 1 2 51
2004 Alex 972 0 1 1
2004 Charley 941 0 4 10
2004 Frances 960 1 2 7
2004 Gaston 985 0 1 8
2004 Ivan 946 0 3 25
2004 Jeanne 950 1 3 5
2005 Cindy 991 1 1 1
2005 Dennis 946 0 3 15
2005 Ophelia 982 1 1 1
2005 Rita 937 1 3 62
2005 Wilma 950 1 3 5
2005 Katrina 902 1 3 1833
2007 Humberto 985 0 1 1
2008 Dolly 963 1 1 1
2008 Gustav 951 0 2 52
2008 Ike 935 0 2 84
2011 Irene 952 1 1 41
2012 Isaac 965 0 1 5
2012 Sandy 945 1 2 159
Open Hurricane data.
SETUP: Is it reasonable to assume that average hurricane pressure for category 4 is different from that of category 1? Given the data, your job is to check if this assertion is indeed reasonable or not. HINT: Read Lecture 24.
19. What would be the correct Null-Hypothesis?
20. The P-value is 3.33E-09. What can be statistically concluded?
21. Write a one-line additional comment.
In: Statistics and Probability
Year Name MinPressure_before Gender_MF Category alldeaths 1950 Easy 958 1 3 2 1950 King 955 0 3 4 1952 Able 985 0 1 3 1953 Barbara 987 1 1 1 1953 Florence 985 1 1 0 1954 Carol 960 1 3 60 1954 Edna 954 1 3 20 1954 Hazel 938 1 4 20 1955 Connie 962 1 3 0 1955 Diane 987 1 1 200 1955 Ione 960 0 3 7 1956 Flossy 975 1 2 15 1958 Helene 946 1 3 1 1959 Debra 984 1 1 0 1959 Gracie 950 1 3 22 1960 Donna 930 1 4 50 1960 Ethel 981 1 1 0 1961 Carla 931 1 4 46 1963 Cindy 996 1 1 3 1964 Cleo 968 1 2 3 1964 Dora 966 1 2 5 1964 Hilda 950 1 3 37 1964 Isbell 974 1 2 3 1965 Betsy 948 1 3 75 1966 Alma 982 1 2 6 1966 Inez 983 1 1 3 1967 Beulah 950 1 3 15 1968 Gladys 977 1 2 3 1969 Camille 909 1 5 256 1970 Celia 945 1 3 22 1971 Edith 978 1 2 0 1971 Fern 979 1 1 2 1971 Ginger 995 1 1 0 1972 Agnes 980 1 1 117 1974 Carmen 952 1 3 1 1975 Eloise 955 1 3 21 1976 Belle 980 1 1 5 1977 Babe 995 1 1 0 1979 Bob 986 0 1 1 1979 David 970 0 2 15 1979 Frederic 946 0 3 5 1980 Allen 945 0 3 2 1983 Alicia 962 1 3 21 1984 Diana 949 1 2 3 1985 Bob 1002 0 1 0 1985 Danny 987 0 1 1 1985 Elena 959 1 3 4 1985 Gloria 942 1 3 8 1985 Juan 971 0 1 12 1985 Kate 967 1 2 5 1986 Bonnie 990 1 1 3 1986 Charley 990 0 1 5 1987 Floyd 993 0 1 0 1988 Florence 984 1 1 1 1989 Chantal 986 1 1 13 1989 Hugo 934 0 4 21 1989 Jerry 983 0 1 3 1991 Bob 962 0 2 15 1992 Andrew 922 0 5 62 1993 Emily 960 1 3 3 1995 Erin 973 1 2 6 1995 Opal 942 1 3 9 1996 Bertha 974 1 2 8 1996 Fran 954 1 3 26 1997 Danny 984 0 1 10 1998 Bonnie 964 1 2 3 1998 Earl 987 0 1 3 1998 Georges 964 0 2 1 1999 Bret 951 0 3 0 1999 Floyd 956 0 2 56 1999 Irene 987 1 1 8 2002 Lili 963 1 1 2 2003 Claudette 979 1 1 3 2003 Isabel 957 1 2 51 2004 Alex 972 0 1 1 2004 Charley 941 0 4 10 2004 Frances 960 1 2 7 2004 Gaston 985 0 1 8 2004 Ivan 946 0 3 25 2004 Jeanne 950 1 3 5 2005 Cindy 991 1 1 1 2005 Dennis 946 0 3 15 2005 Ophelia 982 1 1 1 2005 Rita 937 1 3 62 2005 Wilma 950 1 3 5 2005 Katrina 902 1 3 1833 2007 Humberto 985 0 1 1 2008 Dolly 963 1 1 1 2008 Gustav 951 0 2 52 2008 Ike 935 0 2 84 2011 Irene 952 1 1 41 2012 Isaac 965 0 1 5 2012 Sandy 945 1 2 159 Test if there is a significant difference in the death by Hurricanes and Min Pressure measured. Answer the questions for Assessment. (Pick the closest answer)
7. What is the P-value?
8. What is the Statistical interpretation?
9. What is the conclusion?
In: Statistics and Probability
Open Hurricanes data.
Test if there is a significant difference in the death by Hurricanes and Min Pressure measured. Answer the questions for Assessment. (Pick the closest answer)
7. What is the P-value?
8. What is the Statistical interpretation?
9. What is the conclusion?
Year Name MinPressure_before
Gender_MF Category alldeaths
1950 Easy 958 1
3 2
1950 King 955 0
3 4
1952 Able 985 0
1 3
1953 Barbara 987 1
1 1
1953 Florence 985 1
1 0
1954 Carol 960 1
3 60
1954 Edna 954 1
3 20
1954 Hazel 938 1
4 20
1955 Connie 962 1
3 0
1955 Diane 987 1
1 200
1955 Ione 960 0
3 7
1956 Flossy 975 1
2 15
1958 Helene 946 1
3 1
1959 Debra 984 1
1 0
1959 Gracie 950 1
3 22
1960 Donna 930 1
4 50
1960 Ethel 981 1
1 0
1961 Carla 931 1
4 46
1963 Cindy 996 1
1 3
1964 Cleo 968 1
2 3
1964 Dora 966 1
2 5
1964 Hilda 950 1
3 37
1964 Isbell 974 1
2 3
1965 Betsy 948 1
3 75
1966 Alma 982 1
2 6
1966 Inez 983 1
1 3
1967 Beulah 950 1
3 15
1968 Gladys 977 1
2 3
1969 Camille 909 1
5 256
1970 Celia 945 1
3 22
1971 Edith 978 1
2 0
1971 Fern 979 1
1 2
1971 Ginger 995 1
1 0
1972 Agnes 980 1
1 117
1974 Carmen 952 1
3 1
1975 Eloise 955 1
3 21
1976 Belle 980 1
1 5
1977 Babe 995 1
1 0
1979 Bob 986 0
1 1
1979 David 970 0
2 15
1979 Frederic 946 0
3 5
1980 Allen 945 0
3 2
1983 Alicia 962 1
3 21
1984 Diana 949 1
2 3
1985 Bob 1002 0
1 0
1985 Danny 987 0
1 1
1985 Elena 959 1
3 4
1985 Gloria 942 1
3 8
1985 Juan 971 0
1 12
1985 Kate 967 1
2 5
1986 Bonnie 990 1
1 3
1986 Charley 990 0
1 5
1987 Floyd 993 0
1 0
1988 Florence 984 1
1 1
1989 Chantal 986 1
1 13
1989 Hugo 934 0
4 21
1989 Jerry 983 0
1 3
1991 Bob 962 0
2 15
1992 Andrew 922 0
5 62
1993 Emily 960 1
3 3
1995 Erin 973 1
2 6
1995 Opal 942 1
3 9
1996 Bertha 974 1
2 8
1996 Fran 954 1
3 26
1997 Danny 984 0
1 10
1998 Bonnie 964 1
2 3
1998 Earl 987 0
1 3
1998 Georges 964 0
2 1
1999 Bret 951 0
3 0
1999 Floyd 956 0
2 56
1999 Irene 987 1
1 8
2002 Lili 963 1
1 2
2003 Claudette 979
1 1 3
2003 Isabel 957 1
2 51
2004 Alex 972 0
1 1
2004 Charley 941 0
4 10
2004 Frances 960 1
2 7
2004 Gaston 985 0
1 8
2004 Ivan 946 0
3 25
2004 Jeanne 950 1
3 5
2005 Cindy 991 1
1 1
2005 Dennis 946 0
3 15
2005 Ophelia 982 1
1 1
2005 Rita 937 1
3 62
2005 Wilma 950 1
3 5
2005 Katrina 902 1
3 1833
2007 Humberto 985 0
1 1
2008 Dolly 963 1
1 1
2008 Gustav 951 0
2 52
2008 Ike 935 0
2 84
2011 Irene 952 1
1 41
2012 Isaac 965 0
1 5
2012 Sandy 945 1
2 159
In: Statistics and Probability
53.
Blaser Corporation had $1,035,000 in invested assets, sales of $1,266,000, operating income amounting to $203,000 , and a desired minimum return on investment of 14%. The return on investment for Blaser Corporation is
Round the percentage to one decimal place.
a.19.6%
b.23.5%
c.12.8%
d.16.0%
52.
ABC Corporation has three support departments with the following costs and cost drivers:
| Support Department | Cost | Cost Driver |
| Graphics Production | $200,000 | number of copies made |
| Accounting | 500,000 | number of invoices processed |
| Personnel | 400,000 | number of employees |
ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:
| Micro | Macro | Super | |
| Revenues | $700,000 | $850,000 | $650,000 |
| Direct operating expenses | 50,000 | 70,000 | 100,000 |
| Number of copies made | 20,000 | 30,000 | 50,000 |
| Number of invoices processed | 700 | 800 | 500 |
| Number of employees | 130 | 145 | 125 |
The operating income of the Super Division after all support department allocations will be
a.$325,000
b.$550,000
c.$200,000
d.$300,000
51.
ABC Corporation has three support departments with the following costs and cost drivers:
| Support Department | Cost | Cost Driver |
| Graphics Production | $200,000 | number of copies made |
| Accounting | 500,000 | number of invoices processed |
| Personnel | 400,000 | number of employees |
ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:
| Micro | Macro | Super | |
| Revenues | $700,000 | $850,000 | $650,000 |
| Direct operating expenses | 50,000 | 70,000 | 100,000 |
| Number of copies made | 20,000 | 30,000 | 50,000 |
| Number of invoices processed | 700 | 800 | 500 |
| Number of employees | 130 | 145 | 125 |
The support department cost that will be allocated to the Super Division is
a.$100,000
b.$550,000
c.$350,000
d.$125,000
50.
ABC Corporation has three support departments with the following costs and cost drivers:
| Support Department | Cost | Cost Driver |
| Graphics Production | $200,000 | number of copies made |
| Accounting | 500,000 | number of invoices processed |
| Personnel | 400,000 | number of employees |
ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:
| Micro | Macro | Super | |
| Revenues | $700,000 | $850,000 | $650,000 |
| Direct operating expenses | 50,000 | 70,000 | 100,000 |
| Number of copies made | 20,000 | 30,000 | 50,000 |
| Number of invoices processed | 700 | 800 | 500 |
| Number of employees | 130 | 145 | 125 |
The support department cost that will be allocated to the Macro Division is
a.$130,000
b.$175,000
c.$305,000
d.$405,000
49.
ABC Corporation has three support departments with the following costs and cost drivers:
| Support Department | Cost | Cost Driver |
| Graphics Production | $200,000 | number of copies made |
| Accounting | 500,000 | number of invoices processed |
| Personnel | 400,000 | number of employees |
ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:
| Micro | Macro | Super | |
| Revenues | $700,000 | $850,000 | $650,000 |
| Direct operating expenses | 50,000 | 70,000 | 100,000 |
| Number of copies made | 20,000 | 30,000 | 50,000 |
| Number of invoices processed | 700 | 800 | 500 |
| Number of employees | 130 | 145 | 125 |
The support department allocation rate for the Personnel Department is
a.$3,200
b.$3,077
c.$2,758
d.$1,000
48.
ABC Corporation has three support departments with the following costs and cost drivers:
| Support Department | Cost | Cost Driver |
| Graphics Production | $200,000 | number of copies made |
| Accounting | 500,000 | number of invoices processed |
| Personnel | 400,000 | number of employees |
ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:
| Micro | Macro | Super | |
| Revenues | $700,000 | $850,000 | $650,000 |
| Direct operating expenses | 50,000 | 70,000 | 100,000 |
| Number of copies made | 20,000 | 30,000 | 50,000 |
| Number of invoices processed | 700 | 800 | 500 |
| Number of employees | 130 | 145 | 125 |
The support department allocation rate for Graphics Production is
a.$6.66
b.$2.00
c.$0.50
d.$10.00
47.
Which of the following is a measure of a manager's performance working in a profit center?
a.the divisional income statements
b.a balance sheet
c.a budget performance report
d.the return on investment and residual income measures
46.
Responsibility accounting reports for profit centers will include
a.costs only
b.revenues, expenses, and operating income or loss
c.expenses and fixed assets
d.revenues only
45.
The following data are taken from the management accounting reports of Dulcimer Co.:
| Division A | Division B | Division C | |
| Operating income | $1,900,000 | $1,450,000 | $1,450,000 |
| Total support department allocations | 1,700,000 | 1,050,000 | 1,100,000 |
If an incentive bonus is paid to the manager who achieved the highest operating income before support department allocations, it follows that
a.Division B's manager is given the bonus
b.Divisions B and C's managers divide the bonus
c.Division A's manager is given the bonus
d.Division C's manager is given the bonus
44.
Operating income for Division L is $250,000, total support department allocations are $400,000, and operating expenses are $2,750,000. The revenues for Division L are
a.$3,000,000
b.$3,400,000
c.$2,750,000
d.$650,000
In: Accounting
The rate at which a body cools is proportional to the difference between the temperature of the body and that of the surrounding air. If a body in air at 25°C will cool from 100° to 75° in one minute, find its temperature at the end of three minutes.
In: Advanced Math
In what ways do the Jewish, Islamic, and Christian concepts of God overlap? Why would Christian theologians deny that the Trinitarian relations (Father, Son, Holy Spirit) conflict with this agreement on the basics of monotheism between the three religions?
In: Psychology
A fair die is rolled 300 times and each time a number evenly divisble by three is rolled, a success is recorded. Find the probability of obtaining the following: Between 90 and 110 successes (inclusive) (Round to four decimal places)
In: Statistics and Probability
In: Operations Management