Holloway Company earned $4,400 of service revenue on account during 2016. The company collected $3,740 cash from accounts receivable during 2016. Required:
Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in general ledger accounts under an accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a minus sign.)
HOLLOWAY COMPANY
Effect of Events on the 2016 Accounting Equation
Event Assets = Liabilities+Stockholders' Equity
Cash+Accounts Receivable = Common Stock + Retained Earnings
Earned revenue += + +
Collected accounts receivable+= + +
Ending balance += + +
a. The balance of the accounts receivable that would be reported on the December 31, 2016, balance sheet.
b. The amount of net income that would be reported on the 2016 income statement.
c. The amount of net cash flow from operating activities that would be reported on the 2016 statement of cash flows.
d. The amount of retained earnings that would be reported on the 2016 balance sheet.

Imagine us is a startup that offers high definition 3d prenatal ultrasounds for high-end customers. the service process includes four activities that are conducted in the sequence described below. (the time required for each activity is shown in parentheses): activity 1: welcome a patient and explain the procedure. (20 minutes)activity 2: prep the patient (e.g., show them to the room, apply ultrasound gel). (17 minutes) (*your id number represents the amount of time needed to complete this task)activity 3: take images. (5 minutes)activity 4: discuss diagnostic with patient. (20 minutes)at each location there are employees (servers) s1, s2, and s3. the assignment of tasks to servers is the following: s1 does activities 1 and 2.s2 does activity 3.s3 does activity 4.a. what is the capacity of this process (in customers per hour)? b. suppose 3 patients arrive every hour on average. ignoring any “start of day” or “end of day” effects, what are the utilizations of all three servers (%)? c. suppose each activity can be done by any server and any server can do any set of activities. however, each activity is done by only one server. for example, a possible assignment includes: s1 does activity 1, s2 does activity 2, and s3 does activities 3 and 4. of course, the original assignment of servers to activities is also feasible. what is the maximum capacity of the process (in customers per hour)? d. now consider the capacity measures in (c) and (a), what is the percentage change? why can you improve capacity without using additional resources? (there is no free lunch, right? )note: for all hw assignments, show your process of getting the results. only providing the final answers is not acceptable and will get 0%. if necessary, use a separate sheet of paper to show your work.