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I would like to get helped with my Econometrics homework. The questions are in Homework_4.doc. This should get it done by 3:00pm by today.
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I would like to ask questions as follows:
Hello! I will post the questions here as a new thread. Thank you!
Question 1Actual hours = 2350 * 2 =4700Actual Rate per hour = 94,750/4445= 21.32Actual cost = 4700* 21.32 = 100,204Standard cost of actual number of hours = 4700 * 22.5 = 105,750Labor rate…
Hello,I will be submitting 3 questions today. I will be submitting another set tomorrow. I need the tutor to show me the steps and calculations on how they get the answer. I really appreciate your great service!!Question #1The following information is available to reconcile Litner Co.’s book balance of cash with its bank statement cash balance as of April 30. The April 30 cash balance according to the accounting records is $78,356, and the bank statement cash balance for that date is $83,525. a. The bank erroneously cleared a $480 check against the account in April that was not issued by Litner. The check documentation included with the bank statement indicates the check was actually issued by Lightning Co. b. On April 30, the bank issued a credit memorandum for $53 interest earned on Litner’s account. c. When the April checks are compared with entries in the accounting records, it is found that Check No. 1828 had been correctly drawn for $1,530 to pay for advertising but was erroneously entered in the accounting records as $1,350 d. A credit memorandum indicates that the bank collected $10,000 cash on a note receivable for Litner, deducted a $30 collection fee, and credited the balance to the company’s Cash account. Litner did not record this transaction before receiving the statement. e. A debit memorandum of $895 is enclosed with the bank statement for an NSF check for $870 received from a customer. The bank assessed a $25 fee for processing it. f. Litner’s April 30 daily cash receipts of $5,102 were placed in the bank’s night depository on that date, but do not appear on the April 30 bank statement. g. Litner’s April 30 cash disbursements journal indicates that Check No. 1837 for $584 and Check No. 1840 for $1,219 were both written and entered in the accounting records, but are not among the canceled checks. 1. Prepare the bank reconciliation for this company as of April 30.into conformity with the reconciled cash balance as of April 30.Question #2A company purchased merchandise inventory costing $15,000 with credit terms of 2/10, n/30 on November 7. On November 15, the company paid 1/3 of the amount due. The remaining balance was paid on December 7. Required:a. Record the journal entries related to this transaction using the gross method of recording purchases.b. Record the journal entries related to this transaction using the net method of recording purchases. Question #3A company made the following expenditures in connection with the construction of its new building: $12,000300,000$18,000(4,000)$1,500$3,000$25,000$100,000Storage charges on machinery because building900$1,600Hauling charges to delivery machinery from $300$1,000,000$20,000$2,500Prepare a schedule showing the amounts to be recorded as Land, Buildings, and Machinery.
Hello, In regards to your spread sheet for “Allocation Components to Assemblies” question having to do with bike components and filling orders, I am confused about the actual answer for the maximum number of customer orders that can be filled. Is there any way you can explain that to me?
Hello. I will be needing some assistance in this probability question as I find it hard to understand the chapter. Hope you can provide solutions to this question.
Question 2
a) In a regional city, two lawn companies fertilise lawns during the summer. Company A has 72% of the market. Thirty per cent of the lawns fertilised by Company A could be rated as very healthy one month after the service. Company B has the other 28% of the market. Twenty per cent of the lawns fertilised by Company B could be rated as very healthy one month after the service. A lawn that has been fertilised by one of these companies within the last month is selected randomly and is rated as very healthy.
i) What is the revised probability that Company A fertilised the lawn?
ii) What is the corresponding probability that Company B fertilised the lawn?
b) Of 250 employees of a company, a total of 130 are full-time employees. The remain-der are part-time employees. There are 150 males working for this company, 85 of whom are full-time employees. What is the probability that an employee chosen at random:
i) is a part-time employee?
ii) is female and a full-time employee?
iii) is a full-time employee, given that the employee is female?
iv) is a female, given that the employee is full-time?
v) Are the events employee chosen at random is female” and employee chosen at random is full-time” statistically independent?
c) Let P (A[B) = 0:9, P (A) = 0:5 and P (B j A) = 0:4. Calculate P (B) and P (A j B). Are A and B independent? Are A and B disjoint? Justify your answers.
d) Let P (A) = 0:2, P (A [ B) = 0:6, and suppose the events A and B are independent. Calculate P (B).
e) Let P (A) = 0:6, P (A j B) = 0:6 and P (A[B) = 0:8. Calculate P (B) and P (AB). Are A and B independent? Justify your answer.
f) A toy manufacturer buys pre-assembled robotic arms from three different suppliers 50% of the total order comes from Supplier 1, 30% of the total order comes from Supplier 2, and the remaining 20% from Supplier 3. Past data shows that the quality control standards of the three suppliers are different. Two percent of the arms produced by Supplier 1 are defective, while Suppliers 2 and 3 produce defective arms at the rates of 3% and 4% respectively.
Let Si be the event that a given arm comes from Supplier i, i = 1; 2; 3 and let D be the event that a given arm is defective.
i) Draw a tree diagram that models this situation.
ii) What proportion of the arms in the manufacturer’s inventory are non-defective?
iii) If an arm is found to be defective, what is the probability that it came from Supplier 1? Give your answer to 4 decimal places.
Hello! Can you help me to solve the tasks:
1. In Europe the airlines and railway sectors are competing for the travel needs of the increasingly mobile and massive consumer market. TravelWithUs, a leading airline company is looking to create a new joint venture with FromHereToThere, Inc. a dominant player in the rapid transit railway sector that will provide a huge opportunity to create value through cost reductions in the excessive competition between the two sectors. This joint venture will also be able to provide new travel options to an increasingly demanding customer, combining air and travel routes, to minimize the time taken to travel between various destinations. The new joint venture will have an asset beta equal to 80% the sum of the asset beta of the airline and railway businesses. The joint venture would require a $20 billion investment and would generate after tax free cash flows of about $2.75 billion starting the following year (t = 1) and will grow at the rate of inflation of 3% for the foreseeable future. The joint venture would be financed by a $10 billion issuance of new stock each by TravelWithUs., Inc. and HereToThere, Inc. that will give each company a 50% ownership in the joint venture.TravelWithUs., Inc. has a market value of equity of $50 billion and an industry average debt to equity ratio of 0.60. On the other hand, HereToThere, Inc. has a market value of equity of $25.00 billion and an industry average debt to equity ratio of 0.50. The airline business has an average beta of equity of 2.50, while the average equity beta in the railway business is 1.75. The average returns on debt in the airline and railway industries are 8.00% and 6.75%, respectively. The risk free rate is 2.50% and the expected market risk premium (the difference between the market return and the risk free rate) is 4.00% for the foreseeable future. Assume that the tax rate is 34%, the interest payments on debt are tax deductible and the tax shield on debt is as risky as the assets of a business. What is the beta of assets in the airline business?2. Cable and mobile phone companies are competing with each other for the delivery of content and services to the massive consumer market. The management of Channel Company, Inc., a cable company, believes that creating a new joint venture with Horizon Mobile, Inc., a mobile company, will provide a huge opportunity to create value through synergies in R&D and investments required in distribution systems and markets. The new joint venture will have an asset beta equal to the average of the asset betas of the cable and mobile businesses. The joint venture would require a $2 billion investment and would generate after tax free cash flows of about $175 million per year, starting the following year and continuing into the foreseeable future. The joint venture would be financed by a $1 billion issuance of new stock each by Channel Company, Inc. and Horizon Mobile, Inc., implying a 50:50 ownership in the joint venture by each company.Both the cable and mobile phone sectors are inherently oligopolistic in nature, and both Channel Company, Inc. and Horizon Mobile, Inc. are the only public companies in their respective businesses. There are private companies as well, but no reliable data is available on them. You will therefore be forced to use the data on Channel Company, Inc. and Horizon Mobile, Inc. to conduct all your analysis. Channel Company, Inc., has a market value of equity of $25 billion and a debt to equity ratio of 0.50. On the other hand, Horizon Mobile, Inc. has a market value of equity of $12.50 billion and a debt to equity ratio of 0.25. The equity of Channel Company, Inc. has a beta of 1.75, while the equity beta of Horizon Mobile, Inc. is 0.50. Information on the debt structure of both firms is available due to a recent issuances of corporate debt by both companies, and the returns on debt of Channel Company, Inc. and Horizon Mobile, Inc. are 3.75% and 3.00%, respectively. The risk free rate is 2.50% and the expected market risk premium (the difference between the market return and the risk free rate) is 5.00% for the foreseeable future. Assume that the tax rate is 34%, the interest payments on debt are tax deductible and the tax shield on debt is as risky as the assets of a business. What is the return on equity to the stockholders of Horizon Mobile, Inc. prior to forming the joint venture? What is the beta of assets in the cable business? What is the beta of assets in the mobile phone business? What is the return on assets of the joint venture?
Hello
I was wondering if you can give me guidance on how to resolve this problem?
A survey of 440 citizens found that 304 of them favor a new bill introduced by the city.
We want to find a 95% confidence interval for the true proportion of the population who favor the bill.
What is the lower limit of the interval? (round to 3 decimal digits)
Hello! Im trying to use the document as a study reference. I don’t understand how the number for supplies is calculated.. in this problem it would be the sections such as in the
T chart account for jan 31 a.
supplies amount debited on the unadjusted trial balance
supplies amount debited and created for the adjusting journal entry
could you explain how this number is found?
2) Assess the external and internal factors that influence credit policy and decision making within a company that extends credit to its customer when providing a good or service on account. Indicate the factor of most significance in today’s business environment. Provide support for your rationale.
Running head: INTERNAL CONTROLS AND RECEIVABLES Internal Controls and ReceivablesStudent’s NameInstitution 1 INTERNAL CONTROLS AND RECEIVABLES 2 Internal Controls and ReceivablesIn 2012,…
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