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law paper!~!!

law paper!~!!

Question
	
  • Question – What are some of the practical and ethical issues that can arise from electronic usage by a law firm in the courtroom? Please explain.
Submit an essay containing:
  • A maximum of 2 pages, (counting body text only, not title or reference pages) in double-spaced, one-inch margins on all sides
  • You will be assessed on the rationale you use in addressing the question/issue posted, and how well you justify your argument regarding this issue.
  • Your response must be thought provoking, have well developed ideas and/or opinions, and should reference any supporting material from the text, lecture, or other sources you have used to complete the assignment.

A 95% con?dence interval for the mean income of shop assistants

A 95% con?dence interval for the mean income of shop assistants

Question
	
1 A 95% con?dence interval for the mean income of shop assistants in a certain city
is found to be (£12,000, £15,000). Say in one sentence what this means. Would a
99% con?dence interval be better than a 95% one? (Say why/why not.)


2. A charity believes that when it puts out an appeal for charitable donations the
donations it receives will be normally distributed with a mean of £50 and a standard
deviation of £6.
a) Find the probability that the ?rst donation it receives will be less than £40.
b) Find the value x such that 5% of donations are more than £x.


3. A consultant for Dell was investigating computer usage among students at a
particular university. 200 undergraduates and 100 postgraduates were chosen at
random and asked if they owned a laptop. It was found that 81 of the
undergraduates and 63 of the postgraduates owned a laptop. The consultant
calculated that 48% (144 out of 300) of the students interviewed owned a laptop.
Explain, with reasons, whether the ?gure of 48% will be a good estimate of the
proportion of all students who own a laptop.


4. For a certain variable, the standard deviation in a large population is equal to 12.5.
How big a sample is needed to be 95% sure that the sample mean is within 1.5 units
of the population mean?
(5 marks)
5. a) What conclusions would you draw from a test which is signi?cant at the 1%
level?
b) What conclusions would you draw from a test which is signi?cant at the 10%
level, but not the 5% level?
c) An accounting ?rm wishes to test the claim that no more than 5% of a large
number of transactions contains errors. In order to test this claim, they examine
a random sample of 225 transactions and ?nd that exactly 20 of these are in
error. What conclusion should the ?rm draw? Use a 5% signi?cance level.



5. A pro?t-maximising retailer can obtain cameras from the manufacturer at a cost of
£50 per camera. The retailer has been selling the cameras at a price of £80, and
at this price consumers have been buying 40 cameras per month. The retailer is
planning to lower the price to stimulate sales and knows that for each £5 reduction
in the price, 10 more cameras will be sold each month. Assuming price is a multiple
of £5, what price should the retailer charge and what will the monthly pro?ts be?


6. Explain brie?y the purpose of
a) sampling
b) model building.
Discuss any advantages and limitations.


7. The prospective operator of a shoe store has the opportunity to locate in an
established and successful shopping centre. Alternatively, at lower cost, he can
locate in a new centre, whose development has recently been completed. If the new
centre turns out to be very successful, it is expected that annual store pro?ts from
location in it would be £130,000. If the centre is only moderately successful, annual
pro?ts would be £60,000. If the new centre is unsuccessful, an annual loss of £10,000
would be expected. The pro?ts to be expected from location in the established
centre will also depend to some extent on the degree of success of the new centre,
as potential customers may be drawn to it. If the new centre was unsuccessful,
annual pro?ts for the shoe store located in the established centre would be expected
to be £90,000. However, if the new centre was moderately successful, the expected
pro?ts would be £70,000, while they would be only £30,000 if the new centre turned
out to be very successful. All pro?ts are inclusive of location cost. The probability
that the new shopping centre will be very successful is 0.4 and the probability it will
be moderately successful is also 0.4.
a) Draw the decision tree for this problem.
b) According to the expected monetary value criterion, where should the shoe
store be located? Assume a risk-neutral decision-maker.
c) Without calculating or drawing anything, explain brie?y how a perfect forecast
of shopping centre success changes the decision tree in ‘a)’.

Writing an Accounting Memo

Writing an Accounting Memo

Question
	
Write a memo describing the advantages
and disadvantages of organizational forms. You may research sources regarding
accounting internal controls. The paper should be at least 400 words and should
include your personal observations and conclusions.

Networking paper

Networking paper

Question
	
Research the three tools to terminate a twisted-pair cable with an RJ-45
plug: wire cutter, wire stripper, and crimping tool. The research report should
include a write-up explaining what each tool does in the context of terminating
twisted pair wire. Then, find 3-5 Web site prices and pictures (if possible) for
each tool and present the research in tabular form. Finally, find an example of
a combination tool that perform two or more of the functions and provide the Web
site and the cost for such a tool.
This assignment should be a
minimum of 2 page long and is due at the end of the academic week. Include References.

Kaplan GB530 Unit 2 assignment

Kaplan GB530 Unit 2 assignment

Question
	Brand Extension Marketing Plan 
Introduction: The major project in this course is to complete a Brand Extension Marketing Plan for one new product on the behalf of an existing for-profit organization. Using the Marketing Plan guide found in Doc Sharing, complete and submit the following components of your Marketing Plan. 
Unit 2: Identifying and Assessing Marketing Opportunities 2.0 SITUATION ANALYSIS 
Write a one-paragraph summary of the current situation – write this section after completing the following sections of the Situation Analysis, but put it in this order. 
2.1 Market Summary 
(write this section after completing 2.1.1, 2.1.2, 2.1.3, 2.1.4, and 2.2) In a 1-2 paragraph summary, address: ? What are your target customer groups? Why? ? What are your projections for the growth of this market? 
2.1.1 Market Demographics (refer to Chapter 8 of your Kotler text for helpful definitions/explanations) ? Carefully define the demographic profile of your target market. ? In a similar fashion, define the geographic target area you are choosing. ? What are the behavior factors that will influence your decision-making? ? Define the values and lifestyles (psychographics) of your target market. 2.1.2 Market Needs ? What are the benefits that are important to your customer base? ? What needs to they have and how do you know this? 2.1.3 Market Trends 
 [GB530| Marketing Management] 
2 
? Identify and explain at least three trends that will influence how your customers view your product – these should be trends going on in the industry or the environment; these are trends that your company/product can respond to in some way. Remember: trends are long term; fads are short term. 
 2.1.4 Market Growth 
? Is the market growing, static, diminishing? What are the growth trends? ? What is the evidence? What research are you using to determine market growth? ? How will you address the market if it is growing, static, or diminishing? 
2.2 SWOT Analysis (refer back to Chapter 2 of your Kotler text for a thorough explanation of a SWOT analysis) 
2.2.1 Strengths – list and describe at least three positive internal aspects that add value 2.2.2 Weaknesses – list and describe at least three negative internal aspects that place you at competitive disadvantage 
2.2.3 Opportunities – list and describe at least three opportunities external to your business that will lead to your success 
2.2.4 Threats – list and describe at least three threats external to your business that will threaten your success (e.g., it is common to include unexpected acts of nature, government and regulatory concerns, and competition in this section of the SWOT) 
2.3 Competition 
? Describe your competition. ? Why will customers prefer your product? ? How will you compete with your competition and win? ? What is the marketing mix (price, place, promotion, product, you know them as “the 4 P’s of Marketing”) of at least one of your competitors? 
 2.4 Product Offering (refer to your Kotler text to make certain you understand these terms) ? Product/features/benefits (we particularly care about benefits as these are from the perspective of the target market) ? Describe your Brand Equity Model and say how you will build brand equity for this product/service. 
 [GB530| Marketing Management] 
3 
2.5 Keys to Success ? List and describe at least three factors that will determine your success. 2.6 Critical Issues 
? How will you leverage your SWOT strengths and opportunities to your advantage? ? How will you lessen the impact of your SWOT weaknesses and threats? ? Where is your product in the product life cycle and why? Refer to your Kotler text for a definition of a product life cycle.

Part A (1000 words) (50 marks) Watts and Zimmerman’s

Part A (1000 words) (50 marks) Watts and Zimmerman’s

Question
	
Part A (50marks)
Assessment criteria
 1000 words max.
Excellent
(HD)
Very Good
(D)
Good
(C)
Satisfactory
(P)
Unsatisfactory
(F)
1. Introduction (5)
2. Body/Discussion (15)
Critical evaluation of topic
3. Conclusion (5)
4. Examples (5)
6. Referencing, citations (5)
7. Evidence of reading, quality and quantity (10)
8. English expression, coherence, grammar and spelling. Logical flow of ideas (5)
Part B (50marks)
Assessment criteria
 1000 words max.
Excellent
(HD)
Very Good
(D)
Good
(C)
Satisfactory
(P)
Unsatisfactory
(F)
1. Introduction (5)
2. Body/Discussion (15)
Critical evaluation of topic
3. Conclusion (5)
4. Examples (5)
6. Referencing, citations (5)
7. Evidence of reading, quality and quantity (10)
8. English expression, coherence, grammar and spelling. Logical flow of ideas (5)
Effectiveness of communication - ie readability, legibility, grammar, spelling, neatness, completeness and presentation will be a minimum threshold requirement for all written work submitted for assessment. Work that is illegible or incomprehensible and does not meet the minimum requirement will be awarded a fail grade.
3. Demonstrated understanding - This will be evidenced by the student's ability to be dialectical in the discussion of contentious issues. Few, if any, accounting concepts are scientific facts and stereotype answers will demonstrate poor understanding on the part of the student.
4. Evidence of research - This will be evidenced by the references made to the statutes, accounting standards, books, journal articles and inclusion of a bibliography.
	
,

		Attachments
		
 (35.98 KB)

Many companies manufacture products that are at least partially produced

Many companies manufacture products that are at least partially produced

Question
	
Many companies manufacture products that are at least partially produced using chemicals (e.g., paint, gasoline, and steel). In many cases, the quality of the finished product is a function of the temperature and pressure at which the chemical reactions take place. Suppose that a particular manufacturer wants to model the quality (Y) of a product as a function of the temperature (X1) and the pressure (X2) at which it is produced. The file P14_41.xlsx contains data obtained from a carefully designed experiment involving these variables. Note that the assigned quality score can range from a minimum of 0 to a maximum of 100 for each manufactured product.

a. Estimate a multiple regression equation that includes the two given explanatory variables. Does the estimated equation fit the data well?

b. Add an interaction term between temperature and pressure (the product of these two variables) and run the regression again. Does the inclusion of the interaction term improve the model's goodness of fit?

c. Interpret each of the estimated coefficients in the two equations. How are they different? How do you interpret the coefficient for the interaction term in the second equation?

Principles of Accounting II- Final Exam

Principles of Accounting II- Final Exam

Question
	
Principles of Accounting II
1. (Ignore income taxes in this problem.) Gull Inc. is considering the acquisition of equipment that costs $570,000 and has a useful life of 6 years with no salvage value. The incremental net cash flows that would be generated by the equipment are:
Incremental net cash flows
Year 1
$148,000
Year 2
$204,000
Year 3
$153,500
Year 4
$170,500
Year 5
$160,500
Year 6
$139,500
If the discount rate is 10%, the net present value of the investment is closest to: (Use exhibit11b-1, exhibit11b-2) rev: 12_14_2012, 12_21_2012
$406,000
$262,884
$143,116
$713,116
2.
Jerston Company has an annual plant capacity of 3,000 units. Data concerning this product are given below:
Annual sales at regular selling prices
2,800 units
Manufacturing costs:
Variable
$
26 per unit
Fixed (annual) $ 74,500
Selling and administrative expenses:
Variable (sales commissions) $ 9 per unit
Fixed (annual)
$
17,000
The company has received a special order for 200 units at a selling price of $60 each. Regular sales would not be affected, and sales commissions on the 200 units would be reduced by one-third. This special order would have no impact on total fixed costs.
Required:
a.
Determine the net advantage (disadvantage) for the special order. (Input the amount as a positive
value.)
(Click to select)
$
b. The company should accept the special order.
Yes
No
3. Coakley Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets
costs $52 to buy from farmers and $14 to crush in the company's plant. Two intermediate
products, beet fiber and beet juice, emerge from the crushing process. The beet fiber can
be sold as is for $30.00 or processed further for $19.00 to make the end product industrial
fiber that is sold for $39.00. The beet juice can be sold as is for $47.20 or processed
further for $33.04 to make the end product refined sugar that is sold for $78. How much
profit (loss) does the company make by processing the intermediate product beet juice
into refined sugar rather than selling it as is?
$(68.24)
$(26.04)
$(16.24)
$(2.24)
4.
The Litton Company has established standards as follows:
Direct material: 3 pounds per unit @ $5.20 per pound = $15.60 per unit
Direct labor: 2 hours per unit @ $8 per hour = $16 per unit
Variable manufacturing overhead: 2 hours per unit @ $3 per hour = $6 per unit
Actual production figures for the past year are given below. The company records the materials price variance when
materials are purchased.
Units produced 1,800 units
Direct material used 5,660 pounds
Direct material purchased (6,660) pounds $23,976
Direct labor cost (3,500 hours) 29,050
Variable manufacturing overhead cost incurred $10,520
The company applies variable manufacturing overhead to products on the basis of standard direct labor-hours.
The materials quantity variance is:
$260 F
$1,352 U
$5,660 U
$260 U
5. Financial statements of Ansbro Corporation follow:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Cash and cash equivalents
$78
$59
Accounts receivable
127
102
Inventory
72
53
Property, plant and equipment
658
620
Less accumulated depreciation
402
313
Total assets
$533
$521
Liabilities and stockholder's equity:
Accounts payable
$79
$106
Bonds payable
230
236
Common stock
121
118
Retained earnings
103
61
Total liabilities and stockholder's equity
$533
$521
Income Statement
Sales
$875
Cost of goods sold
506
Gross margin
369
Selling and administrative expenses
209
Net operating income
160
Income taxes
48
Net income
$112
Cash dividends were $70. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following question pertain to the company's statement of cash flows. The net cash provided by (used in) operating activities for the year was:
$130
$112
$160
$18
6. (Ignore income taxes in this problem.) Rushforth Manufacturing has $126,000 to invest in either Project A or Project B. The following data are available on these projects:
Project A
Project B
Cost of equipment needed now
$126,000
$58,000
Working capital investment needed now
$68,000
Annual cash operating inflows
$56,000
$30,400
Salvage value of equipment in 6 years
$19,000
Both projects will have a useful life of 6 years. At the end of 6 years, the working capital investment will be released for use elsewhere. Rushforth's required rate of return is 11%. The net present value of Project B is: (Round your 'PV factors' to three decimal places. Round your other intermediate calculations and final answer to the nearest whole dollar.) (Use exhibit11b-1, exhibit11b-2) rev: 12_14_2012, 12_21_2012
$13,860
$70,622
$39,002
$2,622
7. Carpon Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow: • Sales are budgeted at $450,000 for November, $460,000 for December, and $480,000 for January. • Collections are expected to be 70% in the month of sale, 27% in the month following the sale, and 3% uncollectible. • The cost of goods sold is 75% of sales. • The company desires to have an ending merchandise inventory equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. • Other monthly expenses to be paid in cash are $26,600. • Monthly depreciation is $19,000. • Ignore taxes.
Statement of Financial Position October 31
Assets
Cash
$22,000
Accounts receivable (net of allowance for uncollectible accounts)
80,000
Inventory
202,500
Property, plant and equipment (net of $609,000 accumulated depreciation)
1,149,000
Total assets
$1,453,500
Liabilities and Stockholders' Equity
Accounts payable
$135,000
Common stock
700,000
Retained earnings
618,500
Total liabilities and stockholders' equity
$1,453,500
The accounts receivable balance, net of uncollectible accounts, at the end of December would be:
$138,000
$124,200
$115,000
$322,000
8. LHU Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 1.6 hours of direct labor at the rate of $6.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 19,500 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 600 and 140 units, respectively. Budgeted direct labor costs for June would be:
$191,616
$187,200
$182,784
$114,240
9.
Diorio Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below:
Hours
Move time
4.6
Wait time
24.9
Queue time
7.2
Process time
3.3
Inspection time
0.2
The throughput time was:
32.1 hours
40.2 hours
15.3 hours
8.1 hours
10. (Ignore income taxes in this problem.) Czaplinski Corporation is considering a project that would require an investment of $823,000 and would last for 6 years. The incremental annual revenues and expenses generated by the project during those 6 years would be as follows:
Sales
$224,000
Variable expenses
30,000
Contribution margin
194,000
Fixed expenses:
Salaries
29,000
Rents
21,000
Depreciation
83,000
Total fixed expenses
133,000
Net operating income
$61,000
The scrap value of the project's assets at the end of the project would be $42,000. The payback period of the project is closest to:
6.6 years
5.7 years
12.9 years
13.5 years
11. The Tingey Company has 500 obsolete microcomputers that are carried in inventory at a total cost of $744,000. If these microcomput
ers are upgraded at a total cost of $103,000, they can be sold for a total of $208,000. As an alternative, the microcomputers can be sold in their present condition for $51,200. Suppose the selling price of the upgraded computers has not been set. At what selling price per unit would the company be as well off upgrading the computers as if it just sold the computers in their present condition? (Round your answer to one decimal place.)
$308.4
$795.2
$216.24
$102.4
12. Aide Industries is a division of a major corporation. Data concerning the most recent year appears below:
Sales $18,000,000
Net operating income $918,000
Average operating assets $4,600,000
The division's margin is closest to:
30.7%
20.0%
25.6%
5.1%
13.
Eckels Wares is a division of a major corporation. The following data are for the latest year of operations:
Sales $ 32,400,000
Net operating income $ 1,782,000
Average operating assets $ 12,000,000
The company's minimum required rate of return 12 %
Required:
a. What is the division's margin? (Round your answer to 2 decimal places.)
Margin %
b. What is the division's turnover? (Round your answer to 2 decimal places.)
Turnover times
c.
What is the division's return on investment (ROI)? (Do not round intermediate calculations and
round your final answer to 2 decimal places.)
Return on investment %
d. What is the division's residual income?
Residual income $
14.
Gentile Corporation makes a product with the following standard costs:
Standard
Quality or Hours
Standard Price or
Rate
Inputs
Direct materials 7.5 kilos $6.00 per kilo
Direct labor 0.9 hours $12.40 per hour
Variable overhead 0.9 hours $6.90 per hour
The company produced 6,100 units in May using 38,530 kilos of direct material and 4,600 direct
labor-hours. During the month, the company purchased 40,870 kilos of the direct material at
$7.30 per kilo. The actual direct labor rate was $18.90 per hour and the actual variable overhead
rate was $6.60 per hour.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for May is:
$6,141 U
$5,874 F
$6,141 F
$5,874 U
15.
(Ignore income taxes in this problem.) Farah Corporation has provided the following data concerning a
proposed investment project:
Initial investment $ 460,000
Life of the project 9 years
Working capital required $ 15,000
Annual net cash inflows $ 92,000
Salvage value $ 48,000
The company uses a discount rate of 12%. The working capital would be released at the end of the
project.
Required:
Compute the net present value of the project. (Round "PV Factor" to 3 decimal places. Round your
other intermediate calculations and final answers to the nearest whole dollar.)(Use Exhibit 11B-
1,Exhibit 11B-2)
Net present value $
16. The West Division of Shekarchi Corporation had average operating assets of $622,000 and
net operating income of $80,300 in March. The minimum required rate of return for performance
evaluation purposes is 15%.
What was the West Division's residual income in March?
-$12,045
-$13,000
$13,000
$12,045
17. (Ignore income taxes in this problem.) Sibble Corporation is considering the purchase of a machine that would cost $320,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $49,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $74,000. The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to: (Round your 'PV factors' to three decimal places.) (Use Exhibit11B-1 and Exhibit11B-2) rev: 12_14_2012
-$25,447
-$4,230
-$41,958
-$53,230
18. A customer has requested that Inga Corporation fill a special order for 3,200 units of product K81 for $27 a unit. While the product would be modified slightly for the special order, product K81's normal unit product cost is $22.10:
Direct materials
$6.00
Direct labor
4.60
Variable manufacturing overhead
3.30
Fixed manufacturing overhead
8.20
Unit product cost
$22.10
Direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs. The customer would like modifications made to product K81 that would increase the variable manufacturing costs by $1.50 per unit and that would require an investment of $11,200 in special molds that would have no salvage value. This special order would have no effect on the company's other sales. The company has ample spare capacity for producing the special order. If the special order is accepted, the company's overall net operating income would increase (decrease) by:
$(320)
$15,680
$25,920
$(22,720)
19. Diltex Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: • Sales are budgeted at $280,000 for November, $260,000 for December, and $270,000 for January. • Collections are expected to be 65% in the month of sale, 32% in the month following the sale, and 3% uncollectible. • The cost of goods sold is 60% of sales. • The company desires to have an ending merchandise inventory at the end of each month equal to 50% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. • Other monthly expenses to be paid in cash are $25,500. • Monthly depreciation is $16,500. • Ignore taxes.
Statement of Financial Position October 31
Assets
Cash
$22,000
Accounts receivable (net of allowance for uncollectible accounts)
78,000
Merchandise inventory
84,000
Property, plant and equipment (net of $50 accumulated depreciation)
962,000
Total assets
$1,146,000
Liabilities and Stockholder' Equity
Accounts payable
$130,000
Common stock
900,000
Retained earnings
116,000
Total liabilities and stockholder' equity
$1,146,000
Accounts payable at the end of December would be:
$159,000
$78,000
$156,000
$81,000
20. Newburn Corporation's most recent balance sheet appears below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Asset:
Cash and cash equivalents
$52
$46
Accounts receivable
79
67
Inventory
63
73
Property, plant and equipment
526
480
Less accumulated depreciation
233
220
Total assets
$487
$446
Liabilities and stockholders' equity:
Accounts payable
$66
$73
Bonds payable
326
360
Common stock
61
60
Retained earnings
34
(47)
Total liabilities and stockholders' equity.
$487
$446
The company's net income for the year was $86 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $5. The net cash provided by (used in) investing activities for the year was:
$(46)
$(13)
$13
$46
21. Nussey Clinic uses client-visits as its measure of activity. During May, the clinic budgeted for 2,600 client-visits, but its actual level of activity was 2,530 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for May:
Data used in budgeting:
Fixed element per month
Variable element per client-visit
Revenue
?
$52.00
Personal expenses
$18,950
11.60
Medical supplies
675
7.30
Occupancy expenses
5,600
1.40
Administrative expenses
3,600
0.50
Total expenses
$ 28,825
$ 20.80
Actual results for May:
Revenue
$134,090
Personal expenses
$47,000
Medical supplies
$19,500
Occupancy expenses
$9,042
Administrative expenses
$4,100
The spending variance for occupancy expenses in May would be closest to:
$100 F
$100 U
$198 U
$198 F
22. Schleich Corporation's most recent balance sheet appea
rs below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Cash and cash equivalents
$91
$61
Accounts receivable
53
39
Inventory
56
69
Property, plant and equipment
749
578
Less accumulated depreciation
276
255
Total assets
$673
$492
Liabilities and stockholder's equity:
Accounts payable
$65
$79
Accrued liabilities
32
23
Income taxes payable
52
43
Bonds payable
163
218
Common stock
99
88
Retained earnings
262
41
Total liabilities and stockholder's equity
$673
$492
Net income for the year was $282. Cash dividends were $61. The company did not sell or retire any property, plant, and equipment during the year. The net cash provided by operating activities for the year was:
$416
$367
$306
$24
23. Last year Burford Company's cash account decreased by $31,800. Net cash used in investing activities was $10,500. Net cash provided by financing activities was $24,300. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:
$13,800
$(45,600)
$(31,800)
$(18,000)
24. The Varone Company makes a single product called a Hom. The company has the capacity to produce 46,000 Homs per year. Per unit costs to produce and sell one Hom at that activity level are:
Direct materials
$35
Direct labor
$25
Variable manufacturing overhead
$20
Fixed manufacturing overhead
$7
Variable selling & administrative expense
$23
Fixed selling & administrative expense
$7
The regular selling price for one Hom is $135. A special order has been received at Varone from the Fairview Company to purchase 9,500 Homs next year at 15% off the regular selling price. If this special order were accepted, the variable selling expense would be reduced by 25%. However, Varone would have to purchase a specialized machine to engrave the Fairview name on each Hom in the special order. This machine would cost $13,500 and it would have no use after the special order was filled. The total fixed costs, both manufacturing and selling, are constant within the relevant range of 34,500 to 46,000 Homs per year. Assume direct labor is a variable cost. If Varone can expect to sell 32,000 Homs next year through regular channels, at what special order price from Fairview should Varone be economically indifferent between either accepting or not accepting this special order? (Round your answer to two decimal places.)
$103.00
$105.72
$98.67
$114.75
25. Young Enterprises has budgeted sales in units for the next five months as follows:
June
5,900 units
July
8,500 units
August
6,700 units
September
8,100 units
October
5,100 units
Past experience has shown that the ending inventory for each month should be equal to 24% of the next month's sales in units. The inventory on May 31 fell short of this goal since it contained only 1,400 units. The company needs to prepare a Production Budget for the next five months. The total number of units to be produced in July is:
8,068 units
10,108 units
8,932 units
8,500 units
26. The Gomez Company, a merchandising firm, has budgeted its activity for December according to the following information: • Sales at $540,000, all for cash. • Merchandise Inventory on November 30 was $270,000. • The cash balance at December 1 was $24,000. • Selling and administrative expenses are budgeted at $32,000 for December and are paid for in cash. • Budgeted depreciation for December is $26,000. • The planned merchandise inventory on December 31 is $280,000. • The cost of goods sold represents 62% of the selling price. • All purchases are paid for in cash.
The budgeted cash receipts for December are:
$205,200
$566,000
$540,000
$334,800
27.
Yewston Hotel bases its budgets on guest-days. The hotel's static budget for April appears below:
Budgeted number of guest-days
3,800
Budgeted variable costs:
Supplies (@$3.60 per guest-day)
$13,680
Laundry (@$9.60 per guest-day)
36,480
Total variable cost
50,160
Budgeted fixed costs:
Wages and salaries
17,480
Occupancy costs
57,000
Total fixed cost
74,480
Total cost
$124,640
The total variable cost at the activity level of 5,450 guest-days per month should be:
$71,940
$159,140
$50,160
$67,640
28. Austin Wool Products purchases raw wool and processes it into yarn. The spindles of yarn can then be sold directly to stores or they can be used by Austin Wool Products to make afghans. Each afghan requires one spindle of yarn. Current cost and revenue data for the spindles of yarn and for the afghans are as follows:
Data for one spindle of yarn:
Selling price
$20
Variable production cost
$12.0
Fixed production cost (based on 4,800 spindles of yarn produced)
$6.0
Data for one afghan:
Selling price
$56
Production cost per spindle of yarn
$18
Variable production cost to process the yarn into an afghan
$17
Avoidable fixed production cost to process the yarn into an afghan (based on 4,800 afghans produced)
$9.0
Each month 4,800 spindles of yarn are produced that can either be sold outright or processed into afghans. If Austin chooses to produce 4,800 afghans each month, the change in the monthly net operating income as compared to selling 4,800 spindles of yarn is:
$48,000 decrease.
$57,600 decrease.
$48,000 increase.
$57,600 increase.
29. Resendes Refiners, Inc., processes sugar cane that it purchases from farmers. Sugar cane is processed in batches. A batch of sugar cane costs $53 to buy from farmers and $21 to crush in the company's plant. Two intermediate products, cane fiber and cane juice, emerge from the crushing process. The cane fiber can be sold as is for $31.50 or processed further for $20.75 to make the end product industrial fiber that is sold for $41.75. The cane juice can be sold as is for
$38.00 or processed further for $26.60 to make the end product molasses that is sold for $86. How much profit (loss) does the company make by processing the intermediate product cane juice into molasses rather than selling it as is?
$(0.40)
$21.40
$52.60
$(14.35)
30. Tolentino Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During November, the kennel budgeted for 3,300 tenant-days, but its actual level of activity was 3,340 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for November:
Data used in budgeting:
Fixed element per month
Variable element per tenant-day
Revenue
?
$29.40
Wages and salaries
$2,100
$6.30
Expendables
800
10.60
Facility expenses
7,600
3.10
Administrative expenses
5,800
0.30
Total expenses
$16,300
$20.30
Actual results for November:
Revenue
$92,996
Wages and salaries
$22,582
Expendables
$37,560
Facility expenses
$14,060
Administrative expenses
$6,455
The net operating income in the flexible budget for November would be closest to:
$30,030
$30,394
$14,094
$13,730
31. Hocking Corporation's comparative balance sheet appears below:
Ending Balance
Beginning Balance
Assets:
Current assets:
Cash and cash equivalents
$70,800
$31,200
Accounts receivable
26,800
33,200
Inventory
69,800
68,200
Prepaid expenses
14,800
18,200
Total current assets
182,200
150,800
Property, plant and equipment
373,000
347,000
Loss accumulated depreciation
169,600
145,000
Net property, plant, and equipment
203,400
202,000
Total assets
$385,600
$352,800
Liabilities and Stockholder's Equity:
Current liabilities:
Accounts payable
$20,200
$15,200
Accrued liabilities
68,200
56,200
Income taxes payable
57,200
53,200
Total current liabilities
145,600
124,600
Bonds payable
85
,200
87,200
Total liabilities
230,800
211,800
Stockholder's equity:
Common stock
34,800
30,000
Retained earnings
120,000
111,000
Total stockholder's equity
154,800
141,000
Total liabilities and stockholder's equity
$385,600
352,800
The company's net income (loss) for the year was $11,600 and its cash dividends were $2,600. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. The company's net cash provided by operating activities is:
$65,400
$28,000
$67,000
$52,200
32. (Ignore income taxes in this problem.) Rogers Company is studying a project that would have a ten-year life and would require an $1,100,000 investment in equipment which has no salvage value. The project would provide net operating income each year as follows for the life of the project:
Sales
$650,000
Less cash variable expenses
122,000
Contribution margin
528,000
Less fixed expenses:
Fixed cash expenses
$260,000
Depreciation expenses
92,000
352,000
Net operating income
$176,000
The company's required rate of return is 8%. What is the payback period for this project? (Round your answer to two decimal places.)
6.25 years
4.10 years
2.08 years
3.09 years
33. The following transactions occurred last year at Jogger Company:
Issuance of shares of the company's own common stock.
$116,000
Dividends paid to the company's own shareholders
$3,600
Sale of long-term investment
$4,600
Interest paid to lenders
$9,200
Retirement of the company's own bonds payable
$106,000
Proceeds from sale of the company's used equipment
$30,800
Purchase of new equipment
$174,500
Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be:
$(2,800)
$444,700
$(146,800)
$6,400	
,

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Statistics Multiple Choice Questions

Statistics Multiple Choice Questions

Question
	

9. What is the minimum sample size you should use to assure that your estimate of pq5_7 will be within the required margin of error around the population p? Margin of error: 0.005; confidence level: 99%; from a prior study, pq5_7 is estimated by 0.192. (Points : 6)
37,031
23,839
206
41,146


Question 10. 10. 268 people were asked if they were satisfied with their jobs. 49% said they were. Ho: p = 0.33. Confidence level: 98%. What is the value of the appropriate test statistic used to test the null hypothesis? (Points : 6)
0.340
4.125
2.612
5.570


Question 11. 11. A laboratory tested 70 chicken eggs and found that the mean amount of cholesterol was 228 milligrams with s = 12 milligrams. Construct a 95 percent confidence interval for the true mean cholesterol content, ? , of all such eggs. (Points : 6)
(226, 232)
(224, 231)
(224, 230)
(225, 231)


Question 12. 12. Use the confidence level and sample data to find the margin of error E: Systolic blood pressures for women aged 18-24: 94% confidence; n = 100, e3_29 = 113.8 mm Hg, sigma ? = 12.8 mm Hg. (Points : 6)
2.4 mm Hg
2.1 mm Hg
10.0 mm Hg
52.5 mm Hg


Question 13. 13. Use the margin of error, confidence level, and standard deviation ? to find the minimum sample size required to estimate an unknown population mean ?: Margin of error: $132, confidence level: 95%, ? = $577. (Points : 6)
65
2
74
4


Question 14. 14. Assume that the data has a normal distribution and the number of observations is greater than fifty. Also assume that the standard deviation of the population, ?, is known. Find the critical value or values used to test a null hypothesis: pq7_1 = 0.08; H1 is ? pq7_4 3.24. (Points : 6)
1.75
e4_8 1.41
1.41
±1.75


Question 15. 15. Assume that the data has a normal distribution and the number of observations is greater than fifty. Also assume that the standard deviation of the population, ?, is known. Find the critical value or values used to test a null hypothesis: pq7_1 = 0.03; H1 is ? < 290. (Points : 6)
1.88
e4_8 2.17
e4_8 1.88
-1.88


Question 16. 16. Find the critical value or values for the given hypothesis, sample size, and significance level. Assume that the standard deviation of the population, ?, is unknown.
H1: ? pq7_4 17, n = 20, pq7_1 = 0.10. (Points : 6)
±1.729
-1.725
e4_8 1.725
1.729


Question 17. 17. 31 randomly selected students took the calculus final. If the sample mean was 82 and the standard deviation was s=14.2, construct a 99 percent confidence interval for the mean score of all students.


74.99 < ? < 89.01
74.85 < ? < 89.15
75.62 < ? < 88.38
77.60 < ? < 86.40


(Points : 6)
Please refer to answer choice a. above.
Please refer to answer choice b. above.
Please refer to answer choice c. above.
Please refer to answer choice d. above.


Question 18. 18. What is the margin of error, given that 95% confidence interval; n = 12; e3_29 = 55.7, and s = 6.7? (Points : 6)
5.108
3.831
4.257
3.193


Question 19. 19. Identify the null hypothesis Ho and the alternative hypothesis H1. A researcher claims that 62% of voters favor gun control.


Ho: p < 0.62, H1: p = 0.62
Ho: p = 0.62, H1: p < 0.62
Ho: p pq7_4 0.62, H1: p = 0.62
Ho: p = 0.62, H1: p ? 0.62