Questions
Prepare General Journal Entries for the following transactions. Then post the journal entries to the General...

Prepare General Journal Entries for the following transactions. Then post the journal entries to the General Ledger provided and then prepare an Unadjusted Trial Balance. March 1​Dunlop invested $30,000 cash and buildings worth $150,000 in the company March 2​The company rented equipment by paying $2,000 cash for the first month’s (March) rent. March 5​The company purchased $2,400 of office supplies for cash. March 10​The company paid $7,200 cash for the premium on a 12-month insurance policy. Coverage begins on March 11. March 14 ​The company paid an employee $1,000 cash for two weeks’ salary earned. March 24​The company collected $9,800 cash for storage fees from customers. March 28​The company paid $1,000 cash for two weeks’ salary earned by an employee. March 29​The company paid $950 cash for minor repairs to a leaking roof. March 30​The company paid $400 cash for this month’s telephone bill. March 31​Dunlop withdrew $2,000 cash from the company for personal use.

In: Accounting

It was reported that 61​% of individual tax returns were filed electronically in 2012. A random...

It was reported that 61​% of individual tax returns were filed electronically in 2012. A random sample of 325 tax returns from 2013 was selected. From this​ sample,

233 were filed electronically.

a. Construct a 99​% confidence interval to estimate the actual proportion of taxpayers who filed electronically in 2013.

A 99​% confidence interval to estimate the actual proportion has a lower limit of __ and an upper limit of ___

In: Statistics and Probability

Special rules apply to the standard deduction of an individual who can be claimed as a...

Special rules apply to the standard deduction of an individual who can be claimed as a dependent on another person's tax return.

true or false

In: Accounting

Often it is found that individuals who come in contact with an infected individual do not...

Often it is found that individuals who come in contact with an infected individual do not acquire the disease later. Give two explanations for this observation.

In: Biology

Cynthia is a calendar year individual who is an active partner in the fiscal partnership.

Cynthia is a calendar year individual who is an active partner in the fiscal partnership. The Partnership has a tax year ending 4/30. Cynthia's share of the Line (1) Ordinary Business Income is $24,000 for the partnership's first year ending 4/30/21. Each month beginning with 5/1/20 the partnership made a $1,000 distribution to Cynthia (other partners got similar distributions).

1. For her 2021, tax return how much income would Cynthia report from the partnership?

2. Cynthia also receives a guaranteed payment of $15,000. How much if any income must Cynthia report from the partnership on her Form-1040 2021 tax return?

3. If Cynthia's share of Line (1) income was a loss of (5,000) and she received a guaranteed payment of $8,000, how much self-employment income would Cynthia report for the year?

In: Finance

Suppose that you are asked to evaluate the abilities of an individual who claims to have...

  1. Suppose that you are asked to evaluate the abilities of an individual who claims to have perfect ESP (extrasensory perception). You decide to conduct an experiment to test this ability. You deal one card face down from a regular deck of 52 cards. The subject is then asked to say what the card is. Consider the following hypotheses:

    H0: The subject does not have ESP.

    H1: The subject does have ESP.

    1. (a) What would a Type I error be in this context? (Give your answer in a nonstatistical

      manner.)

    2. (b) What would a Type II error be in this context? (Give your answer in a nonstatistical manner.)

    3. (c) Suppose that you decide to conclude that the individual has ESP if and only if he or she correctly identifies the card. What is the level of significance of this particular decision rule?

    4. (d) What is the chance of a Type II error for the decision rule given in part (c)?

    5. (e) When the experiment is carried out, the individual fails to identify correctly the hidden

      card. What is the p-value?

    6. (f) When the experiment is carried out, the individual correctly identifies the hidden card.

      The p-value is 1 . Is this the chance that the null hypothesis is correct? Explain.

Subject is intro to statistics

In: Statistics and Probability

Consider an individual who decides to take a loan of $10000 and is expected to repay...

Consider an individual who decides to take a loan of $10000 and is expected to repay the loan in 10 years. Assume that the interest rate is fixed and equal to 0.07 per year. For simplicity assume that the process of repayment requires a single fixed payment at the end of each year.

i) Find the amount that the individual has to pay each year

ii) How much does the individual owe at the beginning of the second period? What part of the principal has been paid off?

iii) Find the amount that the individual has to pay each year if the individual chooses to defer the process of repayment for two years.

iv) Find the amount that the individual has to repay at the end of year 10if she chooses to extend the loan repayment process to 15 years.

v) How long would the individual be repaying the loan if she chose to pay each year twice the amount you found in part i?

vi) How much should the individual repay each year to keep her level of debt stable?

In: Economics

Which of these variables are discrete and which are continuous? The number of freshman enrolled at...

  1. Which of these variables are discrete and which are continuous?
    1. The number of freshman enrolled at University.
    1. The time a student spends in Starbucks.
    1. The number of students who are in chapel
    1. The temperature inside the Rec Center
    1. GPA of an athlete at LCU

In: Statistics and Probability

In his own words, Daniel Jones was “The Dude.” With his waist-long dreadlocks, part-time rock band,...

In his own words, Daniel Jones was “The Dude.” With his waist-long dreadlocks, part-time rock band, and well-paid job managing a company’s online search directory—he seemed to have it all. Originally from Germany, Jones, now age 32, earned his doctorate and taught at the University of Munich before coming to the United States, where he started his career in computers. In 1996, Jones started working with the company as a director of operations for U.S.-Speech Engineering Service and Retrieval Technology—working on a new, closely guarded search engine tied to the company’s .net concept. The company allows employees to order an unlimited amount of software and hardware, at no cost, for business purposes. Between December 2001 and November 2002, Jones ordered or used his assistant and other employees (including a high school intern) to order nearly 1,700 pieces of software which had very low cost but were worth a lot on the street. He then resold them for reduced prices— reaping millions. When items with a cost of goods sold of more than $1,000 are ordered, an e-mail is sent to the employee’s direct supervisor, who must click on an “Approve” button before the order is filled. In no individual order was the cost of goods more than 1,000—he made sure none of the orders required a supervisor’s approval. The loosely controlled internal ordering system reflects the trust the company puts in its employees. In June, FBI agents said they saw Jones exchanging a large box of software for cash in a department store parking lot. The FBI contacted the company’s security and began monitoring Jones’ bank accounts. Previously, one account with his bank had an average balance of $2,159. In a short time, however, the average balance ballooned to $129,775. Another account at another bank showed irregular deposits totalling $500,000—none of which appeared to be from any legitimate income or other source. Investigators also noted that Jones purchased a Ferrari F355 Berlinetta, a Jaguar XJ6, and traded in lesser vehicles for a Hummer, a Mercedes 500SEL, and a Harley-Davidson motorcycle. He also bought an $8,000 platinum diamond ring, a $2,230 wristwatch, and a $4,000 bracelet. “You figured that I like big boy’s toys by looking at some of my pictures,” Jones wrote on his personal Web page. “I just can’t resist.” The Dude’s Web page includes a camera for monitoring his cat and photos of his yacht, cars, and other treasures. For a relatively low-level manager, it was an impressive collection. But at his company, where teenage software engineers can earn more than company directors, no one batted an eyelid. A neighbour across the street from Jones said that he was clearly wealthy, but not flamboyant with his money. He described Jones as an intelligent man who didn’t flaunt his education, would loan neighbours tools, and was always friendly. The neighbour was surprised to hear the accusations against someone he called his friend. All he knew about Jones was that he was a good neighbour who loved cars. “He was very, very helpful. The few times I had problems with my PC, he’d come and help straighten them out,” the neighbour said. “They are just ideal neighbours. I feel terrible for him and his wife." Jones and his wife lived in a modest 1960s split-level home. In 2001, he joined the city's Rotary Club, "where he seemed more outgoing and personable than the stereotype techie," said a local jeweller and immediate past president of the club. He seemed like what I would expect a genius software developer to be."

1. In the scenario, Jones' employer has been putting more emphasis on controlling cost. With the slowing of overall technology spending, executives have ordered managers to closely monitor expenses and have given vice presidents greater responsibility for statements of financial positions. What positive or negative consequences might this pose to the company in future fraud prevention?

In: Accounting

I need to make a strategic IT plan for Emirates Airline so I need the organization...

I need to make a strategic IT plan for Emirates Airline so I need the organization background answering the following points:

  • Date that the company was founded.
  • Outline, in point form, a brief history of your company.
  • Outline any acquisitions or changes in ownership.
  • Are any changes of ownership anticipated?
  • What are the major challenges the company has overcome to date? In the last 5 years? In the last year?
  • How would you describe your company in one sentence?
  • Do you see any changes in the business markets in the future?
  • What are the implications, if any, of this information with respect to IT?

In: Computer Science