|
Stocks |
Volatility |
% Portfolio invested |
Average Return |
|
A and B |
27 |
50 |
15 |
|
C |
32 |
50 |
18 |
In: Finance
23)Use the following data about a fixed coupon corporate bond to answer the following question. The yield to maturity of the bond is greater than 8% settlement 11/14/2016 maturity 11/14/2026 rate 10% price 101 redemption 100 frequency 2 basis 0
is it :True or False
26)
| Bank Asset Bond A | Bank Liability L | ||||
| Settlement | 6/27/2019 | Settlement | 6/27/2019 | ||
| Maturity | 6/27/2029 | Maturity | 6/27/2022 | ||
| Rate | 10% | Rate | 8% | ||
| Yield | 9% | Yield | 8% | ||
| Redemption | 100 | Redemption | 100 | ||
| frequency | 2 | frequency | 2 | ||
| basis | 0 | basis | 0 | ||
| price of bond | price of bond | ||||
| The priice of the bank asset is between 105 and 107 | |||||
| The price of the bank liability is 100 | |||||
it is :true or false
In: Finance
On April 15, 2021, fire damaged the office and warehouse of
Marigold Corporation. The only accounting record saved was the
general ledger, from which the balance sheet data below was
prepared.
|
MARIGOLD CORPORATION |
||
|
Cash |
$19,160 |
|
|
Accounts receivable |
42,070 |
|
|
Inventory, December 31, 2020 |
72,620 |
|
|
Land |
35,640 |
|
|
Buildings |
111,680 |
|
|
Accumulated depreciation |
$41,997 |
|
|
Equipment |
3,878 |
|
|
Accounts payable |
21,638 |
|
|
Other accrued expenses |
21,320 |
|
|
Common stock |
103,700 |
|
|
Retained earnings |
49,110 |
|
|
Sales revenue |
121,800 |
|
|
Purchases |
49,110 |
|
|
Miscellaneous expense |
25,407 |
|
|
$359,565 |
$359,565 |
|
The following data and information have been gathered.
| 1. | The fiscal year of the corporation ends on December 31. | |||||||||||||||||||||||||||||||
| 2. | An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $11,780: $5,144 paid to accounts payable as of March 31, $3,099 for April merchandise shipments, and $3,864 paid for other expenses. Deposits during the same period amounted to $11,660, which consisted of receipts on account from customers with the exception of a $872 refund from a vendor for merchandise returned in April. | |||||||||||||||||||||||||||||||
| 3. | Correspondence with suppliers revealed unrecorded obligations at April 15 of $15,155 for April merchandise shipments, including $2,326 for shipments in transit (f.o.b. destination) on that date. | |||||||||||||||||||||||||||||||
| 4. | Customers acknowledged indebtedness of $43,470 at April 15, 2021. It was also estimated that customers owed another $7,970 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $657 will probably be uncollectible. | |||||||||||||||||||||||||||||||
| 5. | The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information: | |||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
| 6. | Inventory with a cost of $7,070 was salvaged and sold for $3,160. The balance of the inventory was a total loss. | |||||||||||||||||||||||||||||||
Compute the amount of inventory fire loss. (Round
ratios for computational purposes to 2 decimal places, e.g 78.52%
and final answer to 0 decimal places, e.g.
28,987.)
| Inventory fire loss | $ |
In: Accounting
On April 15, 2021, fire damaged the office and warehouse of
Whispering Corporation. The only accounting record saved was the
general ledger, from which the balance sheet data below was
prepared.
|
WHISPERING CORPORATION |
||
|
Cash |
$21,860 |
|
|
Accounts receivable |
43,040 |
|
|
Inventory, December 31, 2020 |
77,390 |
|
|
Land |
31,880 |
|
|
Buildings |
118,120 |
|
|
Accumulated depreciation |
$37,414 |
|
|
Equipment |
3,738 |
|
|
Accounts payable |
22,698 |
|
|
Other accrued expenses |
35,483 |
|
|
Common stock |
90,800 |
|
|
Retained earnings |
56,770 |
|
|
Sales revenue |
134,410 |
|
|
Purchases |
56,770 |
|
|
Miscellaneous expense |
24,777 |
|
|
$377,575 |
$377,575 |
|
The following data and information have been gathered.
| 1. | The fiscal year of the corporation ends on December 31. | |||||||||||||||||||||||||||||||
| 2. | An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $11,960: $5,734 paid to accounts payable as of March 31, $3,585 for April merchandise shipments, and $3,546 paid for other expenses. Deposits during the same period amounted to $13,442, which consisted of receipts on account from customers with the exception of a $859 refund from a vendor for merchandise returned in April. | |||||||||||||||||||||||||||||||
| 3. | Correspondence with suppliers revealed unrecorded obligations at April 15 of $16,393 for April merchandise shipments, including $2,454 for shipments in transit (f.o.b. destination) on that date. | |||||||||||||||||||||||||||||||
| 4. | Customers acknowledged indebtedness of $44,440 at April 15, 2021. It was also estimated that customers owed another $7,790 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $578 will probably be uncollectible. | |||||||||||||||||||||||||||||||
| 5. | The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information: | |||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
| 6. | Inventory with a cost of $7,340 was salvaged and sold for $3,810. The balance of the inventory was a total loss. | |||||||||||||||||||||||||||||||
Compute the amount of inventory fire loss. (Round
ratios for computational purposes to 2 decimal places, e.g 78.52%
and final answer to 0 decimal places, e.g.
28,987.)
In: Accounting
On April 15, 2021, fire damaged the office and warehouse of
Whispering Corporation. The only accounting record saved was the
general ledger, from which the balance sheet data below was
prepared.
|
WHISPERING CORPORATION |
||
|
Cash |
$21,860 |
|
|
Accounts receivable |
43,040 |
|
|
Inventory, December 31, 2020 |
77,390 |
|
|
Land |
31,880 |
|
|
Buildings |
118,120 |
|
|
Accumulated depreciation |
$37,414 |
|
|
Equipment |
3,738 |
|
|
Accounts payable |
22,698 |
|
|
Other accrued expenses |
35,483 |
|
|
Common stock |
90,800 |
|
|
Retained earnings |
56,770 |
|
|
Sales revenue |
134,410 |
|
|
Purchases |
56,770 |
|
|
Miscellaneous expense |
24,777 |
|
|
$377,575 |
$377,575 |
|
The following data and information have been gathered.
| 1. | The fiscal year of the corporation ends on December 31. | |||||||||||||||||||||||||||||||
| 2. | An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $11,960: $5,734 paid to accounts payable as of March 31, $3,585 for April merchandise shipments, and $3,546 paid for other expenses. Deposits during the same period amounted to $13,442, which consisted of receipts on account from customers with the exception of a $859 refund from a vendor for merchandise returned in April. | |||||||||||||||||||||||||||||||
| 3. | Correspondence with suppliers revealed unrecorded obligations at April 15 of $16,393 for April merchandise shipments, including $2,454 for shipments in transit (f.o.b. destination) on that date. | |||||||||||||||||||||||||||||||
| 4. | Customers acknowledged indebtedness of $44,440 at April 15, 2021. It was also estimated that customers owed another $7,790 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $578 will probably be uncollectible. | |||||||||||||||||||||||||||||||
| 5. | The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information: | |||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
| 6. | Inventory with a cost of $7,340 was salvaged and sold for $3,810. The balance of the inventory was a total loss. | |||||||||||||||||||||||||||||||
Compute the amount of inventory fire loss. (Round
ratios for computational purposes to 2 decimal places, e.g 78.52%
and final answer to 0 decimal places, e.g.
28,987.)
| Inventory fire loss | $ |
In: Accounting
On April 15, 2021, fire damaged the office and warehouse of
Pearl Corporation. The only accounting record saved was the general
ledger, from which the balance sheet data below was
prepared.
|
PEARL CORPORATION |
||
|
Cash |
$18,820 |
|
|
Accounts receivable |
37,970 |
|
|
Inventory, December 31, 2020 |
73,150 |
|
|
Land |
35,110 |
|
|
Buildings |
117,340 |
|
|
Accumulated depreciation |
$38,686 |
|
|
Equipment |
3,491 |
|
|
Accounts payable |
25,266 |
|
|
Other accrued expenses |
6,038 |
|
|
Common stock |
107,500 |
|
|
Retained earnings |
53,040 |
|
|
Sales revenue |
137,170 |
|
|
Purchases |
53,040 |
|
|
Miscellaneous expense |
28,779 |
|
|
$367,700 |
$367,700 |
|
The following data and information have been gathered.
| 1. | The fiscal year of the corporation ends on December 31. | |||||||||||||||||||||||||||||||
| 2. | An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $13,350: $5,386 paid to accounts payable as of March 31, $3,185 for April merchandise shipments, and $4,163 paid for other expenses. Deposits during the same period amounted to $13,250, which consisted of receipts on account from customers with the exception of a $907 refund from a vendor for merchandise returned in April. | |||||||||||||||||||||||||||||||
| 3. | Correspondence with suppliers revealed unrecorded obligations at April 15 of $14,324 for April merchandise shipments, including $2,491 for shipments in transit (f.o.b. destination) on that date. | |||||||||||||||||||||||||||||||
| 4. | Customers acknowledged indebtedness of $43,060 at April 15, 2021. It was also estimated that customers owed another $8,560 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $642 will probably be uncollectible. | |||||||||||||||||||||||||||||||
| 5. | The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information: | |||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
| 6. | Inventory with a cost of $7,420 was salvaged and sold for $3,500. The balance of the inventory was a total loss. | |||||||||||||||||||||||||||||||
Compute the amount of inventory fire loss. (Round
ratios for computational purposes to 2 decimal places, e.g 78.52%
and final answer to 0 decimal places, e.g.
28,987.)
| Inventory fire loss | $ |
In: Accounting
On April 15, 2021, fire damaged the office and warehouse of
Sunland Corporation. The only accounting record saved was the
general ledger, from which the balance sheet data below was
prepared.
|
SUNLAND CORPORATION |
||
|
Cash |
$19,370 |
|
|
Accounts receivable |
42,940 |
|
|
Inventory, December 31, 2020 |
67,960 |
|
|
Land |
35,270 |
|
|
Buildings |
100,730 |
|
|
Accumulated depreciation |
$39,930 |
|
|
Equipment |
3,569 |
|
|
Accounts payable |
25,275 |
|
|
Other accrued expenses |
9,155 |
|
|
Common stock |
96,700 |
|
|
Retained earnings |
47,390 |
|
|
Sales revenue |
125,490 |
|
|
Purchases |
47,390 |
|
|
Miscellaneous expense |
26,711 |
|
|
$343,940 |
$343,940 |
|
The following data and information have been gathered.
| 1. | The fiscal year of the corporation ends on December 31. | |||||||||||||||||||||||||||||||
| 2. | An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $11,940: $5,869 paid to accounts payable as of March 31, $3,281 for April merchandise shipments, and $3,532 paid for other expenses. Deposits during the same period amounted to $13,507, which consisted of receipts on account from customers with the exception of a $1,031 refund from a vendor for merchandise returned in April. | |||||||||||||||||||||||||||||||
| 3. | Correspondence with suppliers revealed unrecorded obligations at April 15 of $14,150 for April merchandise shipments, including $2,203 for shipments in transit (f.o.b. destination) on that date. | |||||||||||||||||||||||||||||||
| 4. | Customers acknowledged indebtedness of $46,120 at April 15, 2021. It was also estimated that customers owed another $8,550 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $555 will probably be uncollectible. | |||||||||||||||||||||||||||||||
| 5. | The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information: | |||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
| 6. | Inventory with a cost of $7,000 was salvaged and sold for $3,230. The balance of the inventory was a total loss. | |||||||||||||||||||||||||||||||
Compute the amount of inventory fire loss. (Round
ratios for computational purposes to 2 decimal places, e.g 78.52%
and final answer to 0 decimal places, e.g.
28,987.)
| Inventory fire loss |
$ |
Please show work
In: Accounting
Medical researchers conducted a national random sample of the body mass index (BMI) of 654 women aged 20 to 29 in the U.S. The distribution of BMI is known to be right skewed. In this sample the mean BMI is 26.8 with a standard deviation of 7.42. Are researchers able to conclude that the mean BMI in the U.S. is less than 27?
Conduct a hypothesis test at the 5% level of significance using StatCrunch (directions) or calculating T and using the T-Distribution Calculator above.
Based on your hypothesis test, what can we conclude?
Group of answer choices
a) With a mean BMI of 26.8, the data supports the claim that the average BMI is less than 27, but the difference is not statistically significant. We fail to reject the null hypothesis that the mean BMI for women aged 20 to 29 in U.S. is 27.
b) With a mean BMI of 26.8, the data supports the claim that the average BMI is less than 27. We reject the null hypothesis that the mean BMI for women aged 20 to 29 in U.S. is 27.
c) Nothing. The distribution of the variable in the population is right skewed, so the conditions for use of a t-model are not met. We cannot trust that the p-value is accurate for this reason.
In: Statistics and Probability
WestFuel produces a special fuel system component at its three plants. The company currently has orders from four customers. After considering relevant costs, WestFuel can expect the following per-unit profit for each plant–customer alternative.
| Customer 1 | Customer 2 | Customer 3 | Customer 4 | |
| Plant 1 | $15 | $17 | $18 | $20 |
| Plant 2 | $17 | $14 | $19 | $16 |
| Plant 3 | $18 | $17 | $17 | $19 |
The manufacturing capacities during the current production period are: Plant 1, 5,000 units; Plant 2, 3,500 units; Plant 3, 4,000 units. The customer demands are: Customer 1, 1,500 units; Customer 2, 2,500 units; Customer 3, 4,000 units; Customer 4, 3,000 units. Develop a transportation model that WestFuel can use to determine how many units each plant should ship to each customer, with the goal of maximizing total profit. (As a hint, check the total production capacity and the total demand, and incorporate this information into the model as needed. you do not need to solve the LP
In: Statistics and Probability
Presented below is selected information related to Kirby Company at December 31.Kirby reports financial information monthly
| Particulars | Amount$ |
| Accounts payable | 3,000 |
| Cash | 6,500 |
| Advertising Expense | 6,000 |
| Service Revenue | 53,500 |
| Equipment | 29,000 |
| Salaries & Wages Expense | 16,500 |
| Notes payable | 25,000 |
| Rent Expense | 10,500 |
| Accounts Receivable | 13,500 |
| Owner's Drawings | 7,500 |
(a) Determine the total assets of Kirby Company at December 31,2017
(b) Determine the net income that Kirby Company reported for December 2017
(c)Determine the Owner's equity of Kirby Company at December 31,2017
In: Accounting