Questions
June 1 The owner opened a bank account for the business with a deposit of $35,000....

June 1 The owner opened a bank account for the business with a deposit of $35,000. This is capital provided by him.
1 Purchased display stands, shelving etc. (shop equipment) from Shop Displays Pty Ltd for $35,000 and computer equipment for the shop from Computer Wizards for $5,000. These were paid for with a loan of $36,000 from the bank and cheque for $4,000 from the business bank account. The bank loan is repayable over 4 years.
2 Paid $4,680 for a 1-year insurance policy covering fire, theft, and public liability.
2 Paid $1,190 to Local Newspapers for advertising for the shop for the month.
5 Purchased inventory (skateboards and protective gear) from Excitement Plus for $22,000 on terms on net 30.
7 Purchased surfboards and wetsuits from Surf Imports for $22,000 on terms of 10/10, n/30.
8 Credit sale to Serious Fun of skateboards and protective gear for $5,300 (cost of sales $2,300). This customer was given terms of 5/10, n/30.
8 Cash sale of a skateboard and protective gear for $530 (cost of sales $300).
11 Cash purchase of postage stamps and stationery from Australia Post for $100.
12 Credit sale to Surfing World of various inventory items for $7,980 (cost of sales $4,100). Terms net 30.
12 Returned some protective gear to Excitement Plus that was faulty and received an adjustment note (credit note) from them for $150.
13 Received a cheque from Serious Fun for the amount owing by them after deducting the prompt payment discount.
14 Paid Surf Imports the amount owing to them less the prompt payment discount.
17 Credit sale to Academy Diving School of 15 wetsuits at a discounted price of $360 each on terms of net 15. Cost of sales $4,500.
23 Paid Excitement Plus $4,500 of the amount owing to them.
24 Issued an adjustment note (credit note) to Academy Diving School for 1 wetsuit at $360 each that was not the size they required. The cost of the wetsuit to us was $300 and it was put back into inventory.
24 Purchased wetsuits from Surf Imports for $9,500 on terms of 10/10, n/30.
25 Credit sale to Serious Fun of skateboards for $8,500 (cost of sales $4,300). Terms 5/10, n/30.
27 Received and banked a cheque from Academy Diving School for the amount owing by them.
30 A repayment of $900 was made on the bank loan.
30 The owner cashed a cheque for $570 to pay wages to Scott Walker the sales assistant of $600 less PAYG Withholding of $30.
a. Depreciation on shop equipment for the month is 15% p.a. prime cost (straight line).
b. One-twelfth of the insurance expired.
c. Superannuation payable for the month is 10% of the gross wages paid.
d. Interest charged on the bank loan for the month was $154.

The transactions above have been journalised and posted. The statement or profit or loss for June is below.

Skate 'n' Surf
Statement of profit or loss
for the period 1 June to 30 June 20XX
Revenue
  Sales revenue
    Sales revenue 27,710
    Less: Sales returns and allowances 360
         Net sales revenue 27,350
  Less: Cost of sales 15,200
Gross profit 12,150
  Other revenue:
    Discount received 2,200
14,350
Expenses
    Advertising expense 1,190
    Depreciation expense 500
    Discount allowed 265
    Insurance expense 390
    Interest expense 154
    Postage and stationery expense 100
    Superannuation exepnse 57
    Wages expense 600
Total expenses 3,256
Net profit/(loss) $11,094

a) Journalise end-of-year closing entries

b) Post end-of-year closing entries and complete the closing process in the general ledger

In: Accounting

Question 1) For safety reasons, 4 different alarm systems were installed in the vault containing the...

Question 1)

For safety reasons, 4 different alarm systems were installed in the vault containing the safety deposit boxes at a Beverly Hills bank. Each of the 4 systems detects theft with a probability of 0.82 independently of the others.

The bank, obviously, is interested in the probability that when a theft occurs, at least one of the 4 systems will detect it. What is the probability that when a theft occurs, at least one of the 4 systems will detect it?

Your answer should be rounded to 5 decimal places.

__________________________________________________________________________

Question 2

According to the information that comes with a certain prescription drug, when taking this drug, there is a 15% chance of experiencing nausea (N) and a 46% chance of experiencing decreased sexual drive (D). The information also states that there is a 10% chance of experiencing both side effects.

What is the probability of experiencing neither of the side effects?

Your answer should be to two decimal places.

_____________________________________________________________________________________________________________

Question 3

According to the information that comes with a certain prescription drug, when taking this drug, there is a 18% chance of experiencing nausea (N) and a 50% chance of experiencing decreased sexual drive (D). The information also states that there is a 11% chance of experiencing both side effects.

What is the probability of experiencing nausea or a decrease in sexual drive?

Your answer should be rounded to 2 decimal places.

______________________________________________________________________________________________

Question 4

An engineering school reports that 55% of its students are male (M), 39% of its students are between the ages of 18 and 20 (A), and that 34% are both male and between the ages of 18 and 20.

What is the probability of a random student being chosen who is a female and is not between the ages of 18 and 20?

Your answer should be to two decimal places.

_________________________________________________________________________________

Question 5

An engineering school reports that 53% of its students were male (M), 36% of its students were between the ages of 18 and 20 (A), and that 28% were both male and between the ages of 18 and 20.

What is the probability of choosing a random student who is a female or between the ages of 18 and 20? Assume P(F) = P(not M).

Your answer should be given to two decimal places.

______________________________________________________________________________________

Question 6

An engineering school reports that 54% of its students were male (M), 39% of its students were between the ages of 18 and 20 (A), and that 25% were both male and between the ages of 18 and 20.

What is the probability of a random student being male or between the ages of 18 and 20?

Your answer should be rounded to two decimal places.

_______________________________________________________________________________________________

Question 7

Let A and B be two independent events such that P(A) = 0.14 and P(B) = 0.76.

What is P(A or B)?

Your answer should be given to 4 decimal places.

_____________________________________________________________________________

Question 8

Let A and B be two independent events such that P(A) = 0.3 and P(B) = 0.6.

What is P(A and B)?

Your answer should be given to 2 decimal places.

_______________________________________

Question 9

Let A and B be two disjoint events such that P(A) = 0.24 and P(B) = 0.33.

What is P(A and B)?

____________________________________________________

Question 10

Let A and B be two disjoint events such that P(A) = 0.08 and P(B) = 0.54.

What is P(A or B)

__________________________________________________

Question 11

The following probabilities are based on data collected from U.S. adults. Individuals are placed into a weight category based on weight, height, gender and age.

Underweight

Healthy Weight

Overweight (not Obese)

Obese

Probability

0.021

0.377

0.359

0.243

Based on this data, what is the probability that a randomly selected U.S. adult weighs more than the healthy weight range?

Your answer should be given to 3 decimal places.

_______________________________________________________________________

Question 12

The probabilities for the amount that can be won on a lottery game are given in the table below. Find the missing probability X.

Amount($)

0

1

2

3

>3

Probability

0.52

0.27

X

0.04

0.01

X =

____________________________________________________

In: Statistics and Probability

Like again, I told you my name is Tynesha. I got a lot of stuff to...

Like again, I told you my name is Tynesha. I got a lot of stuff to say about me, but you know, I don't know if you're going to be really interested or not. But I know I need to come here. I need something. I got two kids. My dude is at home. He's back again. He left. He comes back. He's in and out. He won't work. And I just want him there for the kids. I don't, I don't know how he sit around all day playing video games and not really helping me. I'm in nursing school. I'm trying to get my degree. My grades ain't what they supposed to be. They could be better, but they ain't because of him. He's always fussing. I can't even get my homework done. I can't get nothing done. And then everybody on me, you know, I got to work. I got to have all the money for the house. I got to take care of the kids. I got to leave work to take them to their appointments. And how much of that are they going to take before they fire me? I don't know. My friends, they help me. But they tired. They're getting tired of helping me because they say what's the point? Why is he there? He's there, and he ain't doing nothing. And you just keep taking him back, but then you ask us for our help. And I don't blame them. I know why they mad. Because they know I could do better. I'm going to nursing school. I was getting good grades. I was on the Dean's list every semester. And now here I am almost flunking. That ain't me. That ain't me. I can't keep doing this. I want my kids to have stuff. I want them to see better. I don't want them to grow up like I did in the projects or in these community apartments and watching people get shot or selling drugs. I want stuff for my family. That ain't what I want. I got to do something though because the kids, they're starting to act out at school. The teacher's calling me. They fighting with other kids. And I know what it is. You know, I know what it is. But I don't want all them people in my business. You know, but pretty soon I told him they going to be calling CSB that child protective thing or something, and then I'm going to be in trouble. Now what if they take my kids? I can't keep doing this. I can't. >> After seeing Tynesha and haring her story, prepare a response to her using three specific listening skills. These are psycho-education or information giving, self-disclosure, and immediacy. Questions: 1. Think about what you know about Tynesha's family, including her children and her partner. What additional information might be helpful? 2. What are some of the challenges involved in gathering information about family relationships when you are only speaking to one individual? 3. How could you adapt the genogram to working with a single client? What would be missing? Think beyond the simple lack of others' views and consider the dynamics. 4. At what point might you want to consider involving Tynesha's partner in counseling?


read information and answer questions below

In: Psychology

The manufacturer of a new racecar engine claims that the proportion of engine failures due to...

The manufacturer of a new racecar engine claims that the proportion of engine failures due to overheating for this new engine, (p1)(p1), will be no higher than the proportion of engine failures due to overheating of the old engines, (p2)(p2). To test this statement, NASCAR took a random sample of 135135 of the new racecar engines and 175175 of the old engines. They found that 1414 of the new racecar engines and 88 of the old engines failed due to overheating during the test. Does NASCAR have enough evidence to reject the manufacturer's claim about the new racecar engine? Use a significance level of α=0.01α=0.01 for the test.

Step 5 of 6 :

Find the P-value for the hypothesis test. Round your answer to four decimal places.

In: Statistics and Probability

A systems analyst tests a new algorithm designed to work faster than the currently-used algorithm. Each...

A systems analyst tests a new algorithm designed to work faster than the currently-used algorithm. Each algorithm is applied to a group of 52 sample problems. The new algorithm completes the sample problems with a mean time of 16.34 hours. The current algorithm completes the sample problems with a mean time of 16.93 hours. The standard deviation is found to be 3.913 hours for the new algorithm, and 3.6243.624 hours for the current algorithm. Conduct a hypothesis test at the 0.01 level of significance of the claim that the new algorithm has a lower mean completion time than the current algorithm. Let μ1μ1 be the true mean completion time for the new algorithm and μ2 be the true mean completion time for the current algorithm.

do we reject or do we fail to reject?

In: Statistics and Probability

King Fisher Aviation is considering an investment in a new technology for a drone project with...

King Fisher Aviation is considering an investment in a new technology for a drone project with a price of $16 million. Their current technology has a book value of $5 million and a market value of $5 million. The new technology is expected to have a five (5) year life, and the old technology has three (3) years left in which it can be expected to be used. If the firm replaces the old technology with the new technology it expects to save $5.7 million in operating costs each year over the next four years. If the firm purchases the new technology, it will also need an investment of $300,000 in net working capital. The required return on the investment is 12 percent, and the tax rate is 39 percent.

What are your recommendations for investment in the new technology?

In: Finance

A computer company shipped two new computers to a customer. These two computers were randomly selected...

A computer company shipped two new computers to a customer. These two computers were randomly selected from the 15 computers in stock. Unfortunately, the inventory clerk by mistake mixed up new computers with refurbished computers. As a result, the 15 computers in stock consisted of 11 new computers and 4 refurbished computers. If the customer received one refurbished computer, the company will incur a shipping and handling expense of $100 to replace that computer with a new computer. However, if both computers were refurbished, the customer would cancel the order and the company will incur a total loss of $1,000. If the customer received both computers as new, then there is no extra cost involved (i.e., zero loss). Find the expected value and standard deviation of the computer company's loss. (5 Points)

In: Statistics and Probability

Please write SAS code 1) How to find age<65*Female? 2) How to assign region for the...

Please write SAS code

1) How to find age<65*Female?

2) How to assign region for the below description?

Age < 65

Age ≥ 65

Total N

Sex

     Male

     Female

Region

     Northeast

     Midwest

     South

     West

Race

     White

     Black

     Asian

     All other race groups

Table 1:

RACERPI2:

01 – White Only (New Category: White)

02 – Black/African American Only (New Category: Black)

03 – AI/AN Only (New Category: All Other Race Groups)

04 – Asian Only (New Category: Asian)

05 – Race Group Not Releasable (Set this to a missing value)

06 – Multiple Race (New Category: All Other Race Groups)

In: Computer Science

An officer for a large construction company is feeling nervous. The anxiety is caused by a...

An officer for a large construction company is feeling nervous. The anxiety is caused by a new excavator just released onto the market. The new excavator makes the one purchased by the company a year ago obsolete. As a result, the market value for the company’s excavator has dropped significantly, from $600,000 a year ago to $50,000 now. In 10 years, it would be worth only $3,000. The new excavator costs only $950,000 and would increase operating revenues by $90,000 annually. The new equipment has a 10-year life and expected salvage value of $175,000. The tax rate is 35 percent, the CCA rate, 25 percent for both excavators, and the required rate of return for the company is 14 percent. What is the NPV of the new ex

In: Finance

Thinking Hat would like to start a new project which will require $21 million in the...

Thinking Hat would like to start a new project which will require $21 million in the initial cost. The company is planning to raise this amount of money by selling new corporate bonds. It will generate no internal equity for the foreseeable future. Thinking Hat has a target capital structure of 65 percent common stock, 12 percent preferred stock, and 23 percent debt. Flotation costs for issuing new common stock are 10 percent, for new preferred stock, 10 percent, and for new debt, 4 percent. What is the true required initial investment that the company should use in its valuation of the project? (Do not round your intermediate calculations.)


r
ev: 09_20_2012Multiple Choice

  • $19,320,000

  • $22,061,721

  • $23,900,197

  • $22,810,200

  • $22,980,959

In: Finance