(Hint: Use Analyze… reports….case summaries) 104.24$ Case Summaries | Dollars ordered from last catalog | Bought from last catalog | N | Mean | no | 94180 | .00 | yes | 2371 | 104.24 | Total | 96551 | 2.56 | 4. What does a bar chart of Average $ ordered from last catalog by recency deciles show? (Hint: review the Using SPSS for Customer Database Analysis if you need help creating the deciles.) The bar chart shows the average dollar amount ordered for each recency decile. There is a strong relationship between average dollar amount and recency.
What is its alternative minimum tax? Answer: $9,450 5. The Shepherd Corporation has $40,000 of taxable income, $200,000 of positive adjustments, and a $10,000 preference item. What is its alternative minimum taxable income? Answer: $235,000 6.
years. | | The step-by-step calculation is: P | = | S(1 + rt)-1 | | | = | 400,000(1 + 0.0892 x 0.24657534...)-1 | | | = | 400,000 x 0.97847883... | | | = | $391,391.53 | Rounded as last step | b)You are correct. When the first bill matures at time 90 days, the investor purchases a second bill. We must find the purchase price of the second bill. This can be displayed on a time line: | | | | | $P | $400,000 | | | | | | 0 | 90 | 180 | 270 | | | | | | | | | P | = | price | = | unknown | | S | = | Maturity value | = | $400,000 | | r | = | Simple interest rate (decimal) | = | 9.16 | 100 | | = | 0.0916 | | t | = | Time period (years) | = | 90 | 365 | | = | 0.24657534... years.
Chapter 01 The Equity Method of Accounting for Investments Multiple Choice Questions 1. Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Trace reported net income of $110,000 for 2008 and paid dividends of $60,000 on October 1, 2008. How much income should Gaw recognize on this investment in 2008? A.
$15,300C.$18,700D $23,700E. $35,500 | 3 | b | Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net new equity is $500. The tax rate is 35 percent. Sales are $15,900 and depreciation is $680.
Required a. Calculate the sample size and sampling interval. b. Hon Zhu, staff accountant, performed the audit procedures listed in the inventory audit program for each sample item. Calculate the upper limit on misstatement based on the following misstatements. What should Hon conclude about Coomes’s inventory account?
Descriptive Statistics: Income ($1000), Size, Credit Balance ($) Variable Mean StDev Minimum Median Maximum Range Mode Income ($1000) 43.74 14.64 21.00 43.00 67.00 46.00 55 Size 3.420 1.739 1.000 3.000 7.000 6.000 2 Credit Balance($) 3976 932 1864 4090 5678 3814 3890 Variable Mode Skewness Kurtosis Income ($1000) 4 0.05 -1.29 Size 15 0.53 -0.72 Credit Balance($) 2 -0.14 -0.74 The statistics indicates that the mean income is 43.74; the median income is 43.00 and the mode income is 55. The standard deviation is given approximately as 1.74. Maximum income is 67,000 and the minimum income is 21,000 and a Standard Deviation of 14.64. The second individual variable is household size the mean household size of the sample is 3.42, the median household size of the sample is 3 and the mode household size of the sample is 2 and the standard deviation is 1.739. The maximum household size is 7 and the minimum household size is
– 133 2013 net sales / base year 2011 net sales = 800,000 / 600,000 = 1.33 1.33 x 100% = 133% 5. In analyzing financial statements, horizontal analysis is a- tool 6. Comparative balance sheets - are usually prepared for at least two years 7. Assume the following cost of goods sold data for a company: 2013 $1,500,000 2012 1,200,000 2011 1,000,000 If 2011 is the base year, what is the percentage increase in cost of goods sold from 2011 to 2013? – 50% = New - Old Old 100 8.
Purchase Order Form 8 5. Delivery Note 10 6. Sales Invoice 12 7. Credit Note 14 8. Statement of Account and Remittance Advice 16 References 21 1. Pro forma Cash Receipt You are to prepare pro forma cash receipt for use in the company’s shops.
Select the correct answer. $199,990 | | | $755,322 | | | $955,312 | | | $139,358 | | 8. Variable costs as a percentage of sales for Leamon Inc. are 61%, current sales are $517,801. and fixed costs are $197,934. How much will operating income change if sales increase by $41,139?