Use the starting balance sheet, income statement, and the list of changes to answer the question.
| Hopewell Corporation Balance Sheet As of December 31, 2019 (amounts in thousands) |
|||
|---|---|---|---|
| Cash | 29,000 | Liabilities | 24,000 |
| Other Assets | 37,000 | Equity | 42,000 |
| Total Assets | 66,000 | Total Liabilities & Equity | 66,000 |
| Hopewell Corporation Income Statement January 1 to March 31, 2020 (amounts in thousands) |
|
|---|---|
| Revenue | 7,500 |
| Expenses | 2,200 |
| Net Income | 5,300 |
Between January 1 and March 31, 2020:
1. Cash decreases by $300,000
2. Liabilities increase by $400,000
3. Paid-In Capital does not change
4. Dividends paid of $500,000
What is the value for Other Assets on March 31, 2020?
Note: Account change amounts are provided in dollars but the financial statement units are thousands of dollars.
Please specify your answer in the same units as the financial statements (i.e., enter the number from your updated balance sheet).
In: Accounting
Tamarisk Inc. reported the following pretax income (loss) and
related tax rates during the years 2019–2022.
|
Pretax Income (loss) |
Tax Rate |
|||||
| 2019 | $88,000 | 40 | % | |||
| 2020 | (198,000) | 40 | % | |||
| 2021 | 220,000 | 20 | % | |||
| 2022 | 110,000 | 20 | % | |||
Pretax financial income (loss) and taxable income (loss) were the
same for all years since Tamarisk began business. The tax rates
from 2019–2022 were enacted in 2019.
Prepare the journal entries for the years 2020–2022 to record income taxes payable (refundable), income tax expense (benefit), and the tax effects of the loss carryforward. Assume that Tamarisk expects to realize the benefits of any loss carryforward in the year that immediately follows the loss year.
Prepare the portion of the income statement, starting with “Operating loss before income taxes,” for 2020.
Prepare the portion of the income statement, starting with “Income before income taxes,” for 2021.
In: Accounting
Consider a simple economy that produces two goods: pencils and muffins. The following table shows the prices and quantities of the goods over a three-year period.
|
Year |
Pencils |
Muffins |
||
|---|---|---|---|---|
|
Price |
Quantity |
Price |
Quantity |
|
|
(Dollars per pencil) |
(Number of pencils) |
(Dollars per muffin) |
(Number of muffins) |
|
| 2018 | 1 | 120 | 1 | 195 |
| 2019 | 2 | 130 | 4 | 195 |
| 2020 | 4 | 130 | 4 | 145 |
From 2019 to 2020, nominal GDP , and real GDP .
The inflation rate in 2020 was .
Why is real GDP a more accurate measure of an economy's production than nominal GDP?
Real GDP is not influenced by price changes, but nominal GDP is.
Real GDP does not include the value of intermediate goods and services, but nominal GDP does.
Real GDP measures the value of the goods and services an economy produces, but nominal GDP measures the value of the goods and services an economy consumes.
In: Economics
Concord Inc. reported the following pretax income (loss) and related tax rates during the years 2019–2022.
|
Pretax Income (loss) |
Tax Rate |
|||||
| 2019 | $70,400 | 40 | % | |||
| 2020 | (158,400) | 40 | % | |||
| 2021 | 176,000 | 20 | % | |||
| 2022 | 88,000 | 20 | % | |||
Pretax financial income (loss) and taxable income (loss) were the
same for all years since Concord began business. The tax rates from
2019–2022 were enacted in 2019.
1. Prepare the journal entries for the years 2020–2022 to record income taxes payable (refundable), income tax expense (benefit), and the tax effects of the loss carryforward. Assume that Concord expects to realize the benefits of any loss carryforward in the year that immediately follows the loss year
2. Prepare the portion of the income statement, starting with “Operating loss before income taxes,” for 2020.
3. Prepare the portion of the income statement, starting with “Income before income taxes,” for 2021.
In: Accounting
Bramble Inc. reported the following pretax income (loss) and related tax rates during the years 2019–2022. Pretax Income (loss) Tax Rate 2019 $84,800 40 % 2020 (190,800) 40 % 2021 212,000 20 % 2022 106,000 20 % Pretax financial income (loss) and taxable income (loss) were the same for all years since Bramble began business. The tax rates from 2019–2022 were enacted in 2019.
Prepare the journal entries for the years 2020–2022 to record income taxes payable (refundable), income tax expense (benefit), and the tax effects of the loss carryforward. Assume that Bramble expects to realize the benefits of any loss carryforward in the year that immediately follows the loss year.
Prepare the portion of the income statement, starting with “Operating loss before income taxes,” for 2020.
Prepare the portion of the income statement, starting with “Income before income taxes,” for 2021.
In: Accounting
In a study of academic procrastination, the authors of a paper reported that for a sample of 431 undergraduate students at a midsize public university preparing for a final exam in an introductory psychology course, the mean time spent studying for the exam was 7.24 hours and the standard deviation of study times was 3.50 hours. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of students taking introductory psychology at this university.
(a) Construct a 95% confidence interval to estimate μ, the mean time spent studying for the final exam for students taking introductory psychology at this university. (Round your answers to three decimal places.)
(b) The paper also gave the following sample statistics for the percentage of study time that occurred in the 24 hours prior to the exam.
n = 431 x = 43.18 s = 21.26
Construct a 90% confidence interval for the mean percentage of
study time that occurs in the 24 hours prior to the exam. (Round
your answers to three decimal places.)
( , ) ( , )
In: Statistics and Probability
In a study of academic procrastination, the authors of a paper reported that for a sample of 481 undergraduate students at a midsize public university preparing for a final exam in an introductory psychology course, the mean time spent studying for the exam was 7.54 hours and the standard deviation of study times was 3.80 hours. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of students taking introductory psychology at this university.
(a) Construct a 95% confidence interval to estimate μ,
the mean time spent studying for the final exam for students taking
introductory psychology at this university. (Round your answers to
three decimal places.)
(b) The paper also gave the following sample statistics for the
percentage of study time that occurred in the 24 hours prior to the
exam.
n = 481 x = 43.78 s = 21.46
Construct a 90% confidence interval for the mean percentage of
study time that occurs in the 24 hours prior to the exam. (Round
your answers to three decimal places.)
In: Statistics and Probability
In a study of academic procrastination, the authors of a paper reported that for a sample of 441 undergraduate students at a midsize public university preparing for a final exam in an introductory psychology course, the mean time spent studying for the exam was 7.74 hours and the standard deviation of study times was 3.40 hours. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of students taking introductory psychology at this university.
a) Construct a 95% confidence interval to estimate μ, the mean time spent studying for the final exam for students taking introductory psychology at this university. (Round your answers to three decimal places.)
(__________ , __________ )
b) The paper also gave the following sample statistics for the percentage of study time that occurred in the 24 hours prior to the exam.
n = 441 x = 43.78 s = 21.46
Construct a 90% confidence interval for the mean percentage of study time that occurs in the 24 hours prior to the exam. (Round your answers to three decimal places.)
(_________ , _________ )
In: Statistics and Probability
Please show your answer and a draw the graphs.
A radar unit is used to measure speeds of cars on a motorway. The speeds are normally distributed with a mean of 90 km/hr and a standard deviation of 10 km/hr. What is the probability that a car picked at random is travelling at more than 100 km/hr?
For a certain type of computers, the length of time bewteen charges of the battery is normally distributed with a mean of 50 hours and a standard deviation of 15 hours. John owns one of these computers and wants to know the probability that the length of time will be between 50 and 70 hours.
Entry to a certain University is determined by a national test. The scores on this test are normally distributed with a mean of 500 and a standard deviation of 100. Tom wants to be admitted to this university and he knows that he must score better than at least 70% of the students who took the test. Tom takes the test and scores 585. Will he be admitted to this university?
In: Math
please answer all parts of question, thank you so much
12. Identify the correct statements. Fix the incorrect ones.
a. A sampling distribution describes the distribution of data values.
b. A sampling distribution shows the behavior of a sampling process over many samples.
c. The probability distribution of a parameter is called a sampling distribution.
d. Sampling distributions describe the values of a data summary for many samples.
14. 14. Why is random sampling important?
18. A large university wants to send an exit survey to a SRS of 500 of its 3,827 graduating seniors. One question is, “Would you recommend to others that they should attend the university?” The response choices are: not sure, not likely, likely, definitely, most definitely. Describe how you would (in theory) use repeated sampling to obtain the sampling distribution of the sample proportion who would “definitely” or “most definitely” recommend the university to others.
In: Math