For each of the following transactions, determine if Raymond Corporation has earned revenue during the month of May and, if so, how much it has earned.

1. Customers paid Raymond $1,500 for work Raymond will perform in June.
2. Customers purchased $6,000 of inventory for which they have not yet paid.
3. Raymond performed work for customers and was paid $3,400 in cash.
4. Customers paid Raymond $2,300 for inventory purchased in April
   
   
   Record the journal entries for above.

its was déterminé that 12000 of the unearned revenue consulting fees had not been yet earned
-its was discovered that 6000 of the balance in consulting fees earned accounts was for.service to be performed in the next month
-adjusted trial balance :uneared revenue 13 160
revenue 314600
probleme 2
the balance in prepaid insurance account represent the remaining balance of the year policy purchased on April
prepaid insurance :9350
what is the journal entries for this two transactions

The table describes various degrees earned by men and women in foreign languages in 1992.

Bachelor Masters Doctorate Total

Male 3990 971 378 5339

Female 9913 1955 472 12340

Total 13903 2926 850 17679

(a) What percent of females take Doctorate degrees? (b) What percent of Masters degree holders were men? (c) Now test the null hypotheses that obtaining degrees in languages is independent of gender. Give the null and alternative hypothesis, compute the test statistic χ 2 and its degrees of freedom. (d) Is a χ 2 test appropriate for this task? (e) Use the χ 2 table to bound your P-value. What is your conclusion at α = 0.05?

1. FOR MCDONALDS CORP: WHAT IS THE 2018 AND 2017 TIMES INTEREST EARNED

2. FOR MCDONALDS CORP: WHAT IS THE 2018 AND 2017 WHAT IS THE TOTAL DEBT TO TOTAL ASSETS

3. FOR MCDONALDS CORP: WHAT IS THE 2018 AND 2017 AVERAGE COLLECTION PERIOD

1. During 2017, the partnership of Kiki and Tammy earned net income of $ 125,000. Kiki’s beginning capital was $ 60,000 and she withdrew $15,000 during the year. Tammy’s beginning capital $ 70,000 and she had drawings of $22,000 for the year.

Instructions:

(a) Assume the partnership income- sharing agreement calls for income to be divided with a salary of $ 30,000 to Kiki and $ 25,000 to Tammy, interest of 10% on beginning capital, and the remainder divided 60% to Kiki and 40% to Tammy. Prepare the journal entry to record the allocation of net income.

(b) Prepare the Partnership Equity Statement for 2017 under the assumption in part a.

In 2012, many unskilled workers in the United States earned the federal minimum wage of $7.25 per hour. By contrast, average earnings in 2012 were about $28.00 per hour, and certain highly skilled professionals, such as doctors and lawyers, earned $140.00 or more per hour.

Instructions: In parts a, c, and d, round your answers to 2 decimal places. In part b, enter your answers as whole numbers

. a. If we assume that wage differences are caused solely by differences in productivity, how many times more productive was the average worker than a worker being paid the federal minimum wage? .

How many times more productive was a $140-per-hour lawyer compared to a worker earning minimum wage? .

b. Assume that there are 20 minimum-wage workers in the economy for each $140-per-hour lawyer. Also assume that both lawyers and minimum-wage workers work the same number of hours per week. If everyone works 40 hours per week, how much does a $140-per-hour lawyer earn a week?

$ per week.

How much does a minimum-wage worker earn a week?

$ per week.

c. Suppose that the government pairs each $140-per-hour lawyer with 20 nearby minimum-wage workers. If the government taxes 25 percent of each lawyer’s income each week and distributes it equally among the 20 minimum-wage workers with whom each lawyer is paired, how much will each of those minimum-wage workers receive each week?

$ each week.

If we divide by the number of hours worked each week, how much does each minimum-wage worker’s weekly transfer amount to on an hourly basis?

$ per hour.

d. What if instead the government taxed each lawyer 100 percent before dividing the money equally among the 20 minimum-wage workers with whom each lawyer is paired.

How much per week will each minimum-wage worker receive?

$ per week.

How much is that on an hourly basis?

$ per hour.

9. How much interest is earned in 6 years on $8800 deposited in an account paying 7% interest, compounded semiannually? (Round your answer to two decimal places.)

10.$15,000 is deposited for 8 years in an account earning 6% interest. (Round your answers to two decimal places.)

(a) Calculate the future value of the investment if interest is compounded semiannually.
$

(b) Calculate the future value if interest is compounded quarterly.
$

(c) How much greater is the future value of the investment when the interest is compounded quarterly?
$

11.An amount of $1100 is deposited for 7 years in an account that earns 6% interest. (Round your answers to two decimal places.)

(a) Calculate the simple interest earned.
$

(b) Calculate the interest earned if interest is compounded daily.
$

(c) How much more interest is earned on the account when the interest is compounded daily?
$

12.You borrow $8000 to help pay your college expenses. You agree to repay the loan at the end of 7 years at 10% interest, compounded monthly. (Round your answers to two decimal places.)

(a) What is the maturity value of the loan?
$

(b) How much interest are you paying on the loan?
$

13.A couple plans to save for their child's college education. What principal must be deposited by the parents when their child is born in order to have $36,000 when the child reaches the age of 18? Assume the money earns 5% interest, compounded monthly. (Round your answer to two decimal places.)
$

14.Suppose your salary in 2020 is $70,000. Assuming an annual inflation rate of 8%, what salary do you need to earn in 2027 in order to have the same purchasing power? (Round your answer to two decimal places.)