Fall 2023 Final Exam Information & Topics

There are two research cases in this assignment.  This assignment must be completed by 9:00 a.m. Monday, November 8, 2021.  You will submit your answer directly on D2L.  You may submit your response in either of the following ways:  1) following the link for the extra credit assignment under Submissions in this week’s content or 2) alternatively, you may follow the link at the top of D2L to Research and Exams.  Select Research Assignment #5.  (Don’t worry that D2L calls this submission a quiz).  You will enter the Topic, Subtopic, Section, Paragraph  in a fill in the blank question and your overall conclusion to this case.  Example:  ASC 100-10-45-4 (you do not need to enter what the guidance content)   Research Case #1:  Peronto’s Inc. is an asphalt contractor located in Kansas City, Mo.  Peronto’s Inc. is planning on expanding into the Chicago market is budgeting that the start-up expenditures for the new Chicago facilities will be $25,000.  These expenditures will be for the…

T19  Two students are registered for the same class and attend independently of each other, student A 90% of the time and student B 80% of the time. The teacher remembers that on a given day at least one of them is in class. What is the probability that student A was in class that day? (Round your answer to three decimal places.)

It is the last day of the month and fiscal year, your manager asks you to create an invoice for $10,000 (debiting Accounts Receivable and Crediting Sales) and send it to a specified customer. Normally invoices are sent to customers when products have been shipped or the service has been finished. You manager tells you that we will be shipping equipment and performing the setup services for this customer next month (as early as next week). You know that by preparing the closing entries tomorrow, the revenue will be included in this year’s fiscal year and then the revenue account will be set to zero for the beginning of the year. What is your manager trying to accomplish by asking you to do this?

t is the last day of the month and fiscal year, your manager asks you to create an invoice for $10,000 (debiting Accounts Receivable and Crediting Sales) and send it to a specified customer. Normally invoices are sent to customers when products have been shipped or the service has been finished. You manager tells you that we will be shipping equipment and performing the setup services for this customer next month (as early as next week). You know that by preparing the closing entries tomorrow, the revenue will be included in this year’s fiscal year and then the revenue account will be set to zero for the beginning of the year.   How would you respond to your manager? Do you have any suggestions or alternative ways you would recommend to your manager on how to record this?

A history class is comprised of 8 female and 7 male students. If the instructor of the class randomly chooses 5 students from the class for an oral exam, what is the probability that 3 female students and 2 male students will be selected? Round your answer to 3 decimal places. (If necessary, consult a list of formulas.) ?

On October 23, you plan to purchase a $1,200 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $400 payment in November, make a $400 payment in December, and pay off the remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in $) charged by each card for this purchase. Silver Card$ Gold Card$  (b) Which card is the better deal and by how much (in $)? The  ---Select--- Silver Card Gold Card is the better deal by $

On October 23, you plan to purchase a $1,200 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $400 payment in November, make a $400 payment in December, and pay off the remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in $) charged by each card for this purchase. Silver Card$_______  Gold Card$______  (b) Which card is the better deal and by how much (in $)?

On October 23, you plan to purchase a $1,500 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $500 payment in November, make a $500 payment in December, and pay off the remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in $) charged by each card for this purchase. Silver Card$  Gold Card$  (b) Which card is the better deal and by how much (in $)? The_____ card     is the better deal by $  .

On October 23, you plan to purchase a $1,500 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $500 payment in November, make a $500 payment in December, and pay off the remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in $) charged by each card for this purchase. Silver Card$  Gold Card$   (b) Which card is the better deal and by how much (in $)? The      is the better deal by $

On October 25, you plan to purchase a $1,200 computer by using one of your two credit cards. The Silver Card charges 18% Interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% Interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $400 payment in November, make a $400 payment in December, and pay off the remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in $) charged by each card for this purchase. Silver Card Gold Card (b) Which card is the better deal and by how much (in $)? The-Select-- vis the better deal by $

On October 24, you plan to purchase a $1,200 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $400 payment in November, make a $400 payment in December, and pay off the remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in $) charged by each card for this purchase. Silver Card $ ? Gold Card $  ? (b) Which card is the better deal and by how much (in $)? The   Gold Card   is the better deal by $  ?   This is the 3rd time I'm submitting this as the first…

On October 24, you plan to purchase a $1,200 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $400 payment in November, make a $400 payment in December, and pay off the remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in $) charged by each card for this purchase. Silver Card$  Gold Card$   (b) Which card is the better deal and by how much (in $)? The    ??  is the better deal by $  how much?

On October 26, you plan to purchase a $1,500 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $500 payment in November, make a $500 payment in December, and pay off the remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in $) charged by each card for this purchase. Silver Card$  = Gold Card$   =   Which card is the better deal and by how much (in $)? The ________  is the better deal by $ _________?

On October 26, you plan to purchase a $1,500 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $500 payment in November, make a $500 payment in December, and pay off the remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in $) charged by each card for this purchase. Silver Card $ Gold Card $ × × (b) Which card is the better deal and by how much (in $)? The Gold Card ✓ is the better deal by $

On October 22, you plan to purchase a $1,800 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $600 payment in November, make a $600 payment in December, and pay offthe remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account.  All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest in $) charged by each card for this purchase. Silver Card $ Gold Card $ (b) Which card is the better deal and by how much in…