Suppose that the IQs of university​ A's students can be described by a normal model with mean 140 and standard deviation 8 points. Also suppose that IQs of students from university B can be described by a normal model with mean 120 and standard deviation 11. ​

a) Select a student at random from university A. Find the probability that the​ student's IQ is at least 130 points. The probability is nothing. ​(Round to three decimal places as​ needed.) ​

b) Select a student at random from each school. Find the probability that the university A​ student's IQ is at least 10 points higher than the university B​ student's IQ. The probability is nothing. ​(Round to three decimal places as​ needed.)

​c) Select 3 university B students at random. Find the probability that this​ group's average IQ is at least 125 points. The probability is nothing. ​(Round to three decimal places as​ needed.) ​

d) Also select 3 university A students at random.​ What's the probability that their average IQ is at least 10 points higher than the average for the 3 university B​ students? The probability is nothing. ​(Round to three decimal places as​ needed.)

3. Suppose you are the manager of an airline company. As a recent MBA graduate, you decided to use all the knowledge you have acquired to improve the firm’s pricing decisions. To begin with, you search for a market survey company to find out the demand curve for flights. The market survey company sent you back a report stating that there are two distinct segments of consumers - tourists and business travelers – and that their demand curves are given by the following equations:

Market Demand for Tourists: Q = 500 – 2P + 2I

Market Demand for Business Travelers: Q = 1000 – P + I

Where Q is the quantity demanded (in thousands of tickets), P is the price for a ticket, and I is the median income of each segment of consumers.

Currently, the price for tourists is $200 and the price for business travelers is $500. Moreover, the median income of tourists is $50 and the median income of business travelers is $100.

a) Using the point slope elasticity formula, what is the price elasticity of demand for airline tickets at the current price and income level for each group of consumer? Hint: to answer this question you will need to accurately determine the slope of the two demand curves given the level of income for each group and find the quantity each group demands at the current price for the group given the income that each group has.

b) Based on your result in (a), do you think you should raise or lower the price paid by tourists? What about the price paid by business travelers?

c) To verify your answer in (b), set a new price for tourists that is $50 higher or lower than the original price of $200 and a new price for business travelers that is $50 higher or lower than the original price of $500. Make your determination of whether to raise or lower the price based on your answers in (b). Relative to the revenue accrued in each market segment with the original prices, what happens to the revenue accrued by the airline in each market segment with the new prices? Hint: If the revenue does not increase then you need to redo this problem by moving the price in the opposite direction!

d) Using the two-point elasticity formula (the arc elasticity formula), what is the price elasticity of demand when you go from the original price to the new price? In doing this problem hold income constant.

On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month.

Information for month-end adjustments follows:

Two-thirds (or $133) of one month’s insurance coverage has expired.

At the end of the month, $600 of office supplies are still available.

This month’s depreciation on the computer equipment is $500.

Employees earned $420 of unpaid and unrecorded salaries as of month-end.

The company earned $1,750 of commissions that are not yet billed at month-end.

Prepare the required journal entries, adjusting entries, and closing entries for Adventure Travel.

Journal entry worksheet

.....

Case study

Fatima Hassan is responsible for the collection, and auditing services of clients' accounts for the Doha Audit Office. Has been commissioned With a new client, Al Wajba Consulting Services Company, which contracted with the Doha Audit Office recently. Company CEO It is Mr. Ali Mahmoud, who monitors all operating activities of the company and takes all major decisions. Never use this company Previously, any services from the audit office. In addition to preparing the financial statements, the Doha Audit Office will handle the related matters Company taxes.

On her first visit to the company, Fatima Hassan met Hala Abdullah, she was recently hired as an accountant and is still a student. Accounting last year at a local university. At a later meeting, Hala assured Fatma that she had found the job at the beginning of the class Scholastic after extensive research. She needs money to help fund her studies at university and feels lucky to have found A well-paid job during this current phase of the economic downturn due to the COVID-19 pandemic.

Hala felt that Fatima was someone she could talk to and get advice from. Hala spoke of a situation she had in mind Some time ago. Hala concerns dealing with sales revenue. When the proceeds from sales are collected and deposited on a weekly basis, the necessary report is filled out with the most accurate categories of payment: cash, checks or credit cards. Distance Depositing the total amount on a weekly basis, Mr. Ali Mahmoud prepares a report after adjusting the total amount deposited by His own vision. After looking at some of the weekly deposits, Hala noticed that 20,000 Qatari cash were missing from each Deposit process.

After a more comprehensive examination of the monthly tax documents that Mr. Ali filled out, Hala notes that the total income is the monthly amount reported to the Tax Authority is QR 80,000 less than the amount actually calculated. Professor Ali He is the only person to deal with the funds after they have been pooled. It is also the only person who deposits money on a weekly basis. When Hala asked Mr. Ali about the non-reporting of these unreported revenues, Mr. Ali replied that it was being done for tax purposes. It is believed that the auditor will accept this procedure because the fees of the Doha Audit Office are to implement Audit tasks and other tax services are paid by Al Wajba Consulting Services.

Study requirements:

Each student must answer the following questions but each question should be answered at least 120 word for each question:

1. What is the problem or ethical problems in this situation? And why is each of them an ethical problem?

2. Who are the affected stakeholders in this situation? Explain how.

3. What are the alternatives available to Hala Abdullah, Fatima Hassan, and Professor Ali Mahmoud?

4. For each alternative dealt with in Requirement (3), are the net benefits exceeding the net losses for all the owners? Discuss your interpretation clearly

5. Whose rights will be violated in every alternative dealt with in Question 3? Discuss your interpretation clearly

6.If you were involved in a multicar accident where tort law applied, a lawsuit between the parties likely would result. The suit would be an attempt to place blame for the accident, thereby also placing financial responsibility for the losses incurred. Under the no-fault concept:

Select one:

a. the party who is driving under influence would have to bear all damages.

b. each injured party would bear their injury costs, since the insurance company would not get involved to avoid legal battles.

c. each injured party would receive compensation from the insurance company of the party who cause the injury.

d. the insurance company of the party at fault would have to compensate for all injured parties.

e. each injured party would receive compensation from his or her own insurance company.

7.This benefit is paid to the spouse living with the worker at the time of death, or a spouse otherwise entitled, or children entitled of a fully or currently insured worker. It has not increased since the Social Security legislation was passed in 1935. Identify this benefit.

Select one:

a. Lump-sum death benefit

b. Early retirement benefit

c. Health benefit

d. Late retirement benefit

e. Disability benefit

8.Which of the following is true about disability benefits in Social Security?

Select one:

a. A blind person can earn upto $2,500 and still be eligible for these benefits.

b. Threshold amounts allowed to earn to receive benefits for the blind are indexed annually to increases in the national wage index.

c. These benefits cannot be stopped even if the disabled worker refuses to participate in rehabilitation.

d. A nonblind person earning more than $580 in 2009 is not eligible for Social Security benefits.

e. They have a waiting period of one year.

9.Identify the characteristics of a hard market.

Select one:

a. Insurance rates and insurance capacity are high

b. Insurance rates and insurance capacity are low

c. Insurance rates are low and insurance capacity is high

d. Insurance rates are negligible and insurance capacity is very high

e. Insurance rates are high and insurance capacity is low

10.An individual work full-time for salary but part-time as an accountant in the evenings and on weekends. Which of the following plans is suitable if this employee wants to establish a plan based on self-employment earned income?

Select one:

a. Unit benefit plan

b. Money purchase plan

c. Cash balance plan

d. Keogh plans

e. Target plan

F6: The Logic of Individual Choice 28 28 unread replies. 28 28 replies. Joseph Gallo, the founder of the famous wine company that bears his name, said that when he first started selling wine right after Prohibition (laws outlawing the sale of alcohol), he poured two glasses of wine from the same bottle and put a price of 10 cents a bottle on one and 5 cents a bottle on the other. He allowed people test both and asked them which they wanted. Most wanted the 10-cent bottle, even though they were the same wine. What does thus tell us about people? Can you think of other areas where that may be the case? What does this suggest about pricing? Is the rational choice theory still applicable in this case?

name of the book: Economics 9th edition

IT MUST BE 250 WORDS VERY IMPORTANT PLEASE

STANDARDS

IPSAS vs IAS

Identify/find the corresponding IAS/IFRSs’ for the IPSASs’ listed in the table above, then
write on at least 3 similarities and 3 differences between the respective standards

JOURNAL ENTRIES

Cash vs Accrual Accounting Entries

Company X is located in the commercial sector of Trinidad and Tobago and has been operating from 1992. The company purchased office supplies from Florida Distributors Co. Ltd on May 12, 2016 that valued US$50,000.00. Company X pays US$20,000.00 by cash on May 31, 2016, US$25,000.00 by cheque on June 2, 2016, and then settled its bill by transferring the balance from its bank account directly into the bank account of the supplier on June 3, 2016.

 Record the transactions in the books of Company X using the cash basis?
 Record the transactions in the books of Company X using the accrual basis?

Note that all transactions are to be recorded in the home currency of Company X