Suppose you have a data set with the following five number s…

Suppose you have a data set with the following five number summary: Minimum = 26              Q1 = 32              Median = 34              Q3 = 38              Maximum = 58 What is the lower cutoff point for outliers using the IQR criteria?

Problem 1 (8 points) Danny’s Distribution Company purchased…

Problem 1 (8 points) Danny’s Distribution Company purchased factory equipment with an invoice price of $78,000. Other costs incurred were freight costs, $1,300; installation wiring and foundation, $2,200; material and labor costs in testing equipment, $700; oil lubricants and supplies to be used with equipment, $500; fire insurance policy covering equipment, $1,500. The equipment is estimated to have a $5,000 salvage value at the end of its 8-year useful service life. Instructions Compute the acquisition cost of the equipment. Clearly identify each element of cost (i.e. show your work). If the straight-line method of depreciation was used, the annual rate applied to the depreciable cost would be __________.

Problem 6 (9 points) On January 1, 2021, Wilmington Company…

Problem 6 (9 points) On January 1, 2021, Wilmington Company issued 16,000 shares of $2 par value common stock for $120,000. On March 1, 2021, the company purchased 2,000 shares of its common stock for $15 per share for the treasury. Instructions Use tabular analysis to record these events as appropriate for Wilmington. To create a table, open the table editor as indicated in the image below. (Add rows and columns as needed.)