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.

 

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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. 

 

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Hello my name is Tita, I want to ask about transfer pricing. I found that transfer pricing is do not work equally well because some departments do not provide measurable benefits. what does it mean actually? thank you

 

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Hello, my name is Sankara. I have an exam on economics that I wanted to see if I can get help with.

I will try upload the exam on comments.

SolutionsQuestion 1a.b.c.d.e.f.g. Price of x =$ 100, price of y is $ 2002 units4 units1 unit5 unitsD,B,C,AInferior Question 2a)b)c)d) A= 250, B=200No, it does not changeX=$4,…

 

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