In: Statistics and Probability
Write three (3) audit objectives for expense and payables. Give all the assertions on which they were based, and write two audit procedures for each objective.
In: Accounting
2. The evolutionary history of plants is studied through 1) comparative studies of living plants and 2) examination of the fossils of extinct plants. What information has the study of fossils contributed to our understanding of plant evolution?
In: Biology
The mass of a meteor with a radius of 1 km is about 9 x 1012 kg. The mass of a meteor also is proportional to the cube of its radius. Suppose a meteor with a radius of 8.8 km is moving at 1.7 x 104 m/s when it collides inelastically with the Earth. The Earth has a mass of 5.97 x 1024 kg and assume the Earth is stationary. The kinetic energy lost by the asteroid in this collision will be transferred to non-conservative work in heating the atmosphere and physically destroying the place where it lands. The Tsar Bomb, the largest atomic bomb ever tested, released 2.1 x 1017 J of energy. (Which, by the way, is 1000's of times more energy compared to the atomic bombs dropped in World War II.) How many MILLIONS of equivalent Tsar Bombs is the kinetic energy lost of this meteor?
In: Physics
Please use the following information to determine the financial metrics listed to complete the financial analysis of this company:
INCOME STATEMENT |
2019 |
2018 |
2017 |
2016 |
2015 |
Revenue |
$141,576 |
$129,025 |
$118,719 |
$116,199 |
$112,640 |
Cost of Revenue |
$123,152 |
$111,882 |
$102,901 |
$101,065 |
$98,458 |
Gross Income |
$18,424 |
$17,143 |
$15,818 |
$15,134 |
$14,182 |
Selling/Gen/Adm Exp |
$13,944 |
$13,032 |
$12,146 |
$11,510 |
$10,962 |
Operating Income |
$4,480 |
$4,111 |
$3,672 |
$3,624 |
$3,220 |
Interest Expense |
$38. |
$72 |
$53 |
$20 |
$23 |
Income Tax |
$1,394 |
$1,325 |
$1,243 |
$1,195 |
$1,109 |
Net Income |
$3,048 |
$2,714 |
$2,376 |
$2,409 |
$2,088 |
BALANCE SHEET |
|||||
Cash |
$6,055 |
$4,546 |
$3,379 |
$4,801 |
$5,738 |
Short Term Investments |
$1,204 |
$1,233 |
$1,350 |
$1,618 |
$1,577 |
Receivables |
$1,669 |
$1,432 |
$1,252 |
$1,224 |
$1,148 |
Inventory |
$11,040 |
$9,834 |
$8,969 |
$8,908 |
$8,456 |
Other Current Assets |
$321 |
$272 |
$268 |
$228 |
$0 |
Total Current Assets |
$20,289 |
$17,317 |
$15,218 |
$16,779 |
$17,588 |
Total Assets |
$40,830 |
$36,347 |
$33,163 |
$33,017 |
$33,024 |
Total Current Liabilities |
$19,926 |
$17,495 |
$15,575 |
$16,539 |
$14,412 |
Total Liabilities |
$28,031 |
$25,569 |
$21,084 |
$22,400 |
$20,721 |
Total Sharehldr Equity |
$12,799 |
$10,778 |
$12,079 |
$10,617 |
$12,303 |
GROWTH: (Percentages to 2nd decimal point)
PROFITABILITY: (Percentages to 2nd decimal point)
SUSTAINABILITY: (Ratios to 2nd decimal point)
In: Finance
A partially completed worksheet for At Home Pet Grooming
Service, a firm that grooms pets at the owner’s home,
follows.
Required:
Complete the worksheet.
Record the adjusting entries in the general journal (transactions 1-3).
Record the closing entries in the general journal (transactions 4-7).
Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances.
Prepare a post-closing trial balance.
Complete this question by entering your answers in the tabs below.
Req 1
Req 2 and 3
Req 4
Req 5
Analyze
Complete the worksheet.
|
In: Accounting
Describe the basic shapes of the yield curve over time.
Why does the yield curve shift?
In: Finance
Kolby’s Korndogs is looking at a new sausage system with an
installed cost of $514,000. This cost will be depreciated
straight-line to zero over the project’s four-year life, at the end
of which the sausage system can be scrapped for $102,000. The
sausage system will save the firm $190,000 per year in pretax
operating costs, and the system requires an initial investment in
net working capital of $48,000. PLEASE SHOW WORK WITHOUT
EXCEL
What is the aftertax salvage value of the equipment? (Do
not round intermediate calculations and round your answer to the
nearest whole number, e.g., 32.)
Aftertax salvage value
$
What is the annual operating cash flow? (Do not round
intermediate calculations and round your answer to the nearest
whole number, e.g., 32.)
OCF
$
If the tax rate is 40 percent and the discount rate is 9 percent,
what is the NPV of this project? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,
32.16.)
NPV
$
In: Finance
Grade point averages of students on a large campus follow a normal distribution with a mean of 2.6 and a standard deviation of 0.5. d) A random sample of 400 students is chosen from this campus. what is the probability that at least 80 of these students have grade point averages higher than 3.0? e) Two students are chosen at random from this campus. what is the probability that at least one of them has a grade point average higher than 3.0?
In: Statistics and Probability
a) A manager of AAA Supermarket proposed a new strategy to increase sales of products. He believes that the true mean of sales is more than RM2000. Thus, the hypothesis statement is as follow:
H0: μ > RM2000.
H1: μ < RM2000.
i. Comment on the hypothesis statement. Give a correct suggestion.
ii. What is the other TWO (2) information needed in performing the hypothesis testing in part (b)?
b) The Health Magazine reported that 17% of children in Bandar A do not eat vegetables. To test this reported value, a researcher surveyed 90 children in Bandar A and found that 22 do not eat the vegetables. There are 2 part.. ((difference method in bi , bii))
i. Construct 95% confidence interval for the percentage of children who do not eat the vegetables.
ii. At 5% significance level, test whether the reported value is correct or not.
In: Statistics and Probability
1) A diver of mass 43.0kg stands on the end of a uniform diving board over the water. The board is 7.00m long and has a mass of 75kg. The end of the board opposite the diver is attached to the platform. The bounce of the board is adjusted by a roller underneath that can be moved back and forth. The roller is 2.80 m from the fixed end of the board. a) What are the magnitude and the direction of the force on the board due to the roller? Show your work and explain your reasoning. b) What are the magnitude and the direction of the force on the board due to the diver? Assume the diver is stationary and the board is not bouncing. Show your work and explain your reasoning
In: Physics
Mathews Company manufactures only one product. For the year ended December 31, the contribution margin increased by $16,224 from the planned level of $545,376. The president of Mathews Company has expressed some concern about this increase and has requested a follow-up report.
The following data have been gathered from the accounting records for the year ended December 31:
Actual |
Planned |
Difference—Increase (Decrease) | ||||
Sales | $1,071,200 | $1,055,184 | $16,016 | |||
Variable costs: | ||||||
Variable cost of goods sold | $405,600 | $426,816 | $(21,216) | |||
Variable selling and administrative expenses | 104,000 | 82,992 | 21,008 | |||
Total variable costs | $509,600 | $509,808 | $(208) | |||
Contribution margin | $561,600 | $545,376 | $16,224 | |||
Number of units sold | 10,400 | 11,856 | ||||
Per unit: | ||||||
Sales price | $103 | $89 | ||||
Variable cost of goods sold | 39 | 36 | ||||
Variable selling and administrative expenses | 10 | 7 |
Required:
1. Prepare a contribution margin analysis report for the year ended December 31.
Mathews Company | ||
Contribution Margin Analysis | ||
For the Year Ended December 31 | ||
Planned contribution margin | $ | |
Effect of changes in sales: | ||
Sales quantity factor | $ | |
Unit price factor | ||
Total effect of changes in sales | ||
Effect of changes in variable cost of goods sold: | ||
Variable cost quantity factor | $ | |
Unit cost factor | ||
Total effect of changes in variable cost of goods sold | ||
Effect of changes in selling and administrative expenses | ||
Variable cost quantity factor | $ | |
Unit cost factor | ||
Total effect of changes in selling and administrative expenses | ||
Actual contribution margin | $ |
2. At a meeting of the board of directors on January 30, the president, after reviewing the contribution margin analysis report, made the following comment:
It looks as if the price increase of $14 was a favorable tradeoff for decreased sales volume, yet variable cost of goods sold was less than planned and variable selling and administrative expenses were out of control and needed to be investigated. He went on to say that since the favorable tradeoff between higher price and lower sales volume was so successful, the company should consider increasing the sales price to $130.
Do you agree or disagree with the president's proposal and which reason would best explain your decision about the data?
Disagree with the president because the majority of the decrease in the variable cost of goods sold was due to the variable cost quantity factor and the increased variable selling and administrative expenses are probably a result of additional selling efforts needed to be competitive at higher prices.
Agree with the president because the unit cost factor for the variable selling and administrative cost is greater than the unit cost factor for the variable cost of goods sold, making an investigation necessary.
Agree with the president because the total effect of change in sales is greater than the total effect of changes in variable cost of goods sold, making an additional price raise attractive for more profits.
Disagree with the president because the contribution margin as a percentage of sales is greater for the planned sales level than the actual sales level, making his concern about variable selling and administrative expenses unwarranted.
Agree with the president because the majority of the decrease in the variable cost of goods sold was due to the sales price factor, as well as an increase in the variable selling and administrative expenses as a percentage of sales, making an additional price raise attractive for more profits.
The correct answer is:
In: Accounting
public class sales_receipt
{ public static void main(String[] args)
{ //declare varables final double tax_rate = 0.05;
//tax rate String cashier_name = "xxx"; //sales person
String article1, article2;
//item name for each purchased int quantity1, quantity2;
//number of quantities for each item double unit_cost1, unit_cost2;
//unit price for each item double price1, price2;
//calculates amounts of money for each item. double sub_total;
//total price of two items without tax double tax;
//amount of sales tax double total;
//total price of two items including tax double cash;
//Cash amount from user double change;
/cash amount to the user
//create Scanner object for keyboard input
//get first item
//get second item
//get amount of money tendered...
//Calculate amounts for sales receipt
//Create a DecimalFormat object
//display sales receipt System.out.println("H O M E D E C O R S T O R E S"); System.out.println("R I C H M O N D O U T L E T M A L L");
0System.out.println(" THANK YOU - HAVE A NICE DAY "); System.out.println(); } }
Create Scanner object and DecimalFormat object
using java
1. Import Scanner class and create scanner object to read user input. Write a program to read input from keyboard for the first item with following: 2. Input name of the first item purchased and save it to local variable “article1”. 3. Input quantity purchased and save it to a local variable “quantity1”. 4. Input unit price and save it to a local variable “unit_cost1”. Write a program to read input from keyboard for the second item with following: 5. Input name of the second item purchased and save it to a local variable “article2”. 6. Input quantity purchased and save it to a local variable “quantity2”. 7. Input unit price and save it to a local variable “unit_cost2”. 8. Input amount of cash received from a client and save it to a local variable “cash”. Calculate amounts for sales receipts 9. Calculate the amount of the first item by multiplying quantity and unit cost, and save it to a local variable “price1”. 10. Calculate the amount of the second item by multiplying quantity and unit cost, and save it to a local variable “price2”. 11. Calculate the sum amount of items purchased, and save it to a local variable “sub_total”. 12. Calculate the sales tax of items purchased, and save it to a local variable “tax”. 13. Calculate the total price of items including tax, and save it to a local variable “total”. 14. Calculate the change amount, and save it to local variable “change”. Import DecimalFormat class and create DecimalFormat object to format floating points. Print sales receipt based on the calculation 16. Now, you need to represents the sales receipt on the screen with following format. –use escape sequences for formatting sales receipt
In: Computer Science
TABLE 14-3
An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index). The Microsoft Excel output of this regression is partially reproduced below.
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.991
R Square 0.982
Adjusted R Square 0.976
Standard Error 0.299
Observations 10
ANOVA
df
SS
MS
F Signif F
Regsion 2 33.4163
16.7082 186.325 0.0001
Resdual 7 0.6277
0.0897
Total 9 34.0440
Coeff StdError t
Stat P-value
Intcept – 0.0861
0.5674 – 0.152
0.8837
GDP
0.7654 0.0574
13.340 0.0001
Price – 0.0006
0.0028 – 0.219 0.8330
Referring to Table 14-3, when the economist used a simple linear regression model with consumption as the dependent variable and GDP as the independent variable, he obtained an r2 value of 0.971. What additional percentage of the total variation of consumption has been explained by including aggregate prices in the multiple regression? In other words, the economist was explaining 97.1%, how much has that percentage or R-square increased after adding "price" as a second independent variable?
Question 6 options:
.111 or 11.1% |
|
.028 or 2.8% |
|
.982 or 98.2% |
|
.011 or 1.1% |
In: Statistics and Probability
Please provide an example of a damped harmonic oscillator. They are more common than undamped or simple harmonic oscillators. What do you think there is any harmonic motion in the physical world that is not damped harmonic motion? Try to make a list of five examples of undamped harmonic motion and damped harmonic motion. Which list was easier to make? Why are the group of the peoples in general ordered to “route step” (walk out of step) across a bridge?
In: Physics