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Business Math

Financial Accounting - Problem 7

The bookkeeper for Wooster Company asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $400 is accrued. 2. Services provided but not recorded total $1,250. 3. Salaries earned by employees of $900 have not been recorded. Use the following account titles: Service Reve

Adjusting entry for depreciation

At the end of its first year, the trial balance of Easton Company shows Equipment $30,000 and zero balances in Accumulated Depreciation?Equipment and Depreciation Expense. Depreciation for the year is estimated to be $6,000. Prepare the adjusting entry for depreciation at December 31, post the adjustments to T accounts, and ind

Calculate minimax to decide best investment

(See attached file for full problem description) Do not do D in # 8 --- 8) A local real estate investor in Orlando is considering thre3e alternative investments: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourist; profits fro

Elburn Company: Accounts Receivable

The ledger of Elburn Company at the end of the current year shows the following: Accounts Receivable $110,000 Sales $840,000 Sales Returns and Allowances $28,000 Instructions (a) If Elburn uses the direct write-off method to account for uncollected accounts, journalize the adjusting entry at December 31, assuming Elburn

Math Problems

1.Which line is parallel to the y-axis 2. Sales reductions force a factory to cut back its output by 20%. By what percentage must the reduced sales be increased allow production to be brought back to normal? 3. The current sales price of a power drill is $117. This is $30 more than half the list price. At what discount is

Simple Interest

You invest $250 in your savings account at the end of each year and earn an average of 6% per year in interest. How much will you have in your savings account at the end of forty years? Can you explain how to solve this without using all the symbols or at least tell me what these symbols me such as: * ^ [

Counting: How many positive integers less than 1000?

How many positive integers less than 1000? a) have distinct digits b) have distinct digits and are even c) divisible by 7 d) divisible by 7 and not 11 c) both 7 and 11 d) either 7 or 11 e) exactly one of 7 or 11 f) neither 7 or 11


Trying to prepare a statement of owners equity. beginnin Assets 50,000 Liabilities 20,000 Ending Assets 70,000 Liabilities 35,000 Owners equity Investments 0 withdrawals by owner 40,000 Income statement Revenues 230,000 Expense ? DID this company earn a net income or suffer a net loss?

EOQ to Minimize Annual Cost

Georgia Pacific offers the following discount schedule for its 4X8 ft. sheets of quality plywood. (see chart in attached file) Ace Lumber and Building Supply regularly stocks this product from Georgia pacific and has an annual demand of 1000 sheets. The carrying cost at Ace Lumber is 20% of product cost, and a cost of $45

BA 501,Techniques in Business & Economics, Statistics

There are 10 rolls of film in a box and 3 are defective. Two rolls are to be selected, one after the other. What is the probability of selecting a defective roll followed by another defective roll? 1/2, or 0.50 1/4, or 0.25 1/120, or about 0.0083 1/15, or about 0.07


Questions answered, just need to verify if answers are correct. Indicate whether the sentence or statement is True or False. T 1. A trend is a gradual, long-term, up or down movement of demand. F 2. Time series methods are the most common type of forecasting method for the long-term strategic planning

Probability problem

The economics department has determined that there is a 30% chance that economy will be strong. Further inquiries reveal that if the stock market is up over the next three months, there is a 50% chance that the economy will be strong, bit if it is down, the chances are only 20%. I made a probabilities table:

Dividend Computations

Dividend Computations Reiner Wholesale Merchandise had 20,000 shares of 5%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding throughout 2003. These data apply to each of the independent situations below. 1. Assuming that total dividends declared in 2003 were $35,000 and that the pre

Newly-formed Project Staff Team Characteristics

PART I You will be a member of the newly-formed project staff team. This team will need to realize process gains within its first three months. You want to help, not hinder, the team's progress, so you decide to do some research upfront. You bring up your challenge at your managerial networking meeting. You pose the following q

Statistical Ratios of Funds

Using the spreadsheet document labeled Soundsleep Funds Data, generate the Jensen's alpha and Sharpe ratio for each fund. Next, create two sets of rankings-one based on each of these measures. Note that an example, as seen in the Fast Track Growth Fund Update, has been included for your review. This should assist you with your c

Statistics Problem

Suppose a firm evaluates the productivity of the three shifts of workers who work in their factory. Each shift's performance is measured on the amount of output that is produced during the shift - day, evening, or swing shift. Based on these ratings presented in the table below, produce an ANOVA analysis in Excel (see the exam

Company's current weighted average cost of capital

1) JJ Industries currently has a capital structure that consists of 75 percent common equity and 25 percent debt. The risk-free rate is 5 percent. The market risk premium is 6 percent. JJ's common stock has a beta of 1.2. JJ has 20 year bonds outstanding with an annual coupon rate of 12 percent and a face value of $1,000. The bo

Research and Evaluation

(See attached file for full problem description) --- 1) Suppose the following table shows the number of colds 7 different people got during the typical cold season based on the number of times they washed they washed their hands per day during the cold season. Calculate the correlation coefficient and interpret its meaning

Research and statistics

Excel spreadsheet you provided I calculated the correlation coefficient for data at .891. Can you please use this data and Excel spreadsheet and provide the calculations to arrive at the correlation coefficient of .891? In addition, what would the correlation coefficient of .891 tell us about the data ?

Calculate the operating and cash cycles:

10. The Operating and Cash cycles: Consider the following financial statement information for the Glory Road company: Item Beginning Ending Inventory $1,543 $1,669 Accounts receivable 4,418

Managerial Accounting Question

Profitable fruitcakes. Sharon's revenue R (in dollars) on the sale of x fruitcakes is determined by the formula R = 50x - x2. Her cost C (in dollars) for producing x fruitcakes is given by the formula C = 2x + 40. For what values of x is Sharon's profit positive? (Profit = revenue - cost)

Accounting 2 problems

Part 1. The following data (in thousands of dollars) have been taken from the accounting records of Karmana Corporation for the just completed year. (This company puts all manufacturing overhead into work in process during the month.) Sales $950 Raw materials inventory, beginning $10 Raw materials inventory, end