CON 3-1 (Algo) Accounting for Operating Activities in a New Business (the Accounting Cycle) LO3-4, 3-5, 3-6 Penny's Pool Service & Supply, Inc. (PPSS) had the following transactions related to operating the business in its first year's busiest quarter ended September 30:

a. Placed and paid for $2,590 in advertisements with several area newspapers (including the online versions), all of which ran in the newspapers during the quarter.
b. Cleaned pools for customers for $18,200, receiving $15,000 in cash with the rest owed by customers who will pay when billed in October.
c. Paid Pool Corporation, Inc., a pool supply wholesaler, $10,500 for inventory received by PPSS in May.
d. As an incentive to maintain customer loyalty, PPSS offered customers a discount for prepaying next year’s pool cleaning service. PPSS received $9,900 from customers who took advantage of the discount.
e. Paid the office receptionist $4,500, with $1,350 owed from work in the prior quarter and the rest from work in the current quarter. Last quarter’s amount was recorded as an expense and a liability, Wages Payable.
f. Had the company van repaired, paying $200 to the mechanic.
g. Paid $200 for phone, water, and electric utilities used during the quarter.
h. Received $130 cash in interest earned during the current quarter on short-term investments.
i. Received a property tax bill for $400 for use of the land and building in the quarter; the bill will be paid next quarter.
j. Paid $1,600 for the next quarter’s insurance coverage.

Required:
1. Prepare journal entries FOR ALL THE ABOVE transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Stock a has a beta of 1.2 and a standard deviation of 20%. stock b has a beta of 0.8 and a standard deviation of 25%. portfolio p has $200,000 consisting of $100,000 invested in stock a and $100,000 in stock b. which of the following statements is correct? (assume that the stocks are in equilibrium.) (a) stock b has a higher required rate of return than stock a. (b) portfolio p has a standard deviation of 22.5%. (c) portfolio p has a beta equal to 1.0. (d) more information is needed to determine the portfolio's beta. (e) stock a's returns are less highly correlated with the returns on most other stocks than are b's returns.

Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court.the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court.because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located.because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center.because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.

The usa today reports that the average expenditure on valentine's day is $100.89. do male and female consumers differ in the amounts they spend? the average expenditure in a sample survey of 47 male consumers was $135.67, and the average expenditure in a sample survey of 38 female consumers was $68.64. based on past surveys, the standard deviation for male consumers is assumed to be $34, and the standard deviation for female consumers is assumed to be $17.