Find the probability that the score will be less than 90.0
Find the probability that the score will be less than 90.0
Individual scores of a placement examination are normally distributed with a mean of 84.2 and a standard deviation of 12.8.
If the score of an individual is randomly selected, find the probability that the score will be less than 90.0.
If a random sample of size n = 20 is selected, find the probability that the sample mean will be less than 90.0.
Briefly explain the role and function of central banks
Briefly explain the role and function of central banks
Briefly explain the role and function of central banks.
Question #2
Explain why policymakers and economists are concerned about how evenly and
nations wealth is shared or distributed among and nations citizens.
Question #3
Describe the pros and cons of market and authority ( Government ) based
economic policies. Provide examples to support your argument.
Course textbook: Power & Choice an introduction to political science
Introduction to political science.
How do finance and accounting play a role in ethics and sustainable positive social change?
Ethics and sustainable positive social change
How do finance and accounting play a role in ethics and sustainable positive social change?
How might you use accounting or finance to support this role that you described above?
Determine company cost of common equity
Determine companys cost of common equity
Percy Motors has a target capital structure of 40 percent debt and 60 percent equity. The yield to maturity on the company’s outstanding bonds is 9 percent, and the company’s tax rate is 40 percent. Percy’s CFO has calculated the company’s WACC as 9.96 percent. What is the company’s cost of common equity?
What correcting entries would need to be made to properly
What correcting entries would need to be made to properly
1. Capitalizing interest on the new factory:
a. During the year, Frosty Co. paid all of the interest accrued on Bond A and Loan 1, but only $50,000 of the interest accrued on Loan 2. Using one journal entry, summarize how Frosty originally recorded the accrued interest on all three long-term debts.
b. Assuming John and Elsa are right that the new loan meets the standards for capitalizing interest, calculate avoidable interest.
c. What correcting entries would need to be made to properly record interest on Frosty Co.’s construction project if John and Elsa are right? (Hint: Assume that Frosty Co.’s income tax rate is 30 percent. Any necessary changes to taxes should be recorded to Income Tax Expense and Income Tax Payable.)
d. What correcting entries would need to be made to properly record interest on Frosty Co.’s construction project if Simon is right?
e. What would be the net effect of each of these interest adjustments on net income? What would be the net effect on EPS?
2. Recording the asset retirement obligation (ARO) on the new plant:
a. Assuming that payments will be made at the end of each year, determine the amount that Frosty Co. should recognize for the ARO.
b. Assuming Frosty Co.’s management team decides to record the ARO, what correcting entries would need to be made?
c. What would be the net effect of the ARO adjustment on the current year’s net income? What would be the net effect on EPS?
3. Recording the write-down on obsolete inventory:
a. Based on the information provided in Table 2, calculate the write-down that would be necessary using the first set of assumptions.
b. Based on the information provided in Table 2, calculate the write-down that would be necessary using the second set of assumptions.
c. Assuming that Frosty Co.’s management team decided to use the first set of estimates, what correcting entries would need to be made to write down inventory? (Assume that Frosty Co. uses the direct write-off method.)
d. What correcting entries would need to be made to write down inventory if the team decided to use the second set of estimates?
e. What would be the net effect of each of these inventory adjustments on net income? What would be the net effect on EPS?
4. Recording the change from the percentage of sales to the percentage of accounts receivable method of calculating bad debt expense:
a. Calculate the amount of bad debt expense Frosty Co. would recognize using the percentage of sales method.
b. Assuming that the management team has decided to switch from the percent of accounts receivable method to the percent of sales method for estimating bad debt expense, what correcting entries would need to be made?
c. What would be the net effect of this change in method on net income? What would be the net effect on EPS?
5. Evaluating each adjustment:
a. Based on the accounting standards, can Frosty Co. capitalize the interest on the construction project? If so, how much can Frosty Co. capitalize? Explain.
b. Based on the accounting standards, does Frosty Co. need to recognize the ARO in these financial statements? Explain.
c. Based on the discussion in the case, which set of lower of cost or market assumptions do you think is the most appropriate? Explain.
d. Do you think that Frosty Co. should switch methods of calculating bad debt expense?
Determining affect pre-tax profits
Determining affect pre-tax profits
“Cash conversion cycle Primrose Corp has $15 million of sales, $2 million of inventories, $3 million of receivables, and $1 million of payables. Its cost of goods sold is 80 percent of sales, and it finances working capital with bank loans at an 8 percent rate. What is Primrose’s cash conversion cycle (CCC)? If Primrose could lower its inventories and receivables by 10 percent each and increase its payables by 10 percent, all without affecting either sales or cost of goods sold, what would the new CCC be, how much cash would be freed up, and how would that affect pre-tax profits?” “
Discuss Fundamental concepts and principles in accounting
Discuss Fundamental concepts and principles in accounting
Write a one to two (1-2) page paper in which you:
Describe at least two (2) career options someone with an accounting education can pursue. Be sure to reference sources such as the Bureau of Labor Statistics and the American Institute of Certified Public Accountants.
Describe one (1) researched accounting position, and explain the essential skills that would make a candidate successful in the position. Articulate the primary manner in which the researched accounting positions could add value to the company seeking candidates.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format.
Include a cover page containing the title of the assignment. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Identify and explain the fundamental concepts and principles in accounting, the components of the accounting equation, the primary financial accounting equation, and financial statements and reports.
Use technology and information resources to research issues in financial accounting.
Write clearly and concisely about financial accounting using proper writing mechanics.
Explain the circumstances wherein each means of financing
Explain the circumstances wherein each means of financing
Summarize the differences between tax financing and bond financing, and, thinking like an economist and not a politician, explain the circumstances wherein each means of financing is best suited.
How does one start the writing of proofs process
How does one start the writing of proofs process
1. For someone who has no basis of understanding in geometry, how does one start the writing of proofs process? Is there a helpful document to help a student know how to get started
What are Significant areas of audit planning and risk assessment
Finance and accounting
What are Significant areas of audit planning and risk assessment?
Question 1
One of the most significant areas of audit planning and risk assessment is to become expertly knowledgeable about the industry or industries that the audit client operates in. This may involve multiple SBU’s (Strategic Business Units).
Discuss resources that you can utilize to become an industry expert and share your thoughts. Do you feel it is necessary to become an expert in the industry is which you are auditing? Explain.
Question 2
The text noted that money performs three basic functions which are medium of exchange, standard of value, and store of value. Select one of these functions and describe the ways rapid inflation could undermine money’s ability to perform the function you selected.
Question 3
Peer review can help a writer to more critically examine his or her own work. The writer gains another perspective to help develop his or her writing, and the reader gains a voice to help shape the writing process.
Share the thesis from your Humanities Project. Along with your thesis, share a question that you anticipate that another reader may have about your own writing.
Thesis statement: A research on the emergence and the past of Judaism concerning the globe religions and theology especially Christianity and its co-existence with the Judaism religion.