A report states that the mean yearly salary offer for students graduating with a degree in accounting is $48,744. Suppose that a random sample of 50 accounting graduates at a large university who received job offers resulted in a mean offer of $49,850 and a standard deviation of $3400. Do the sample data provide strong support for the claim that the mean salary offer for accounting graduates of this university is higher than the national average of $48,744? Test the relevant hypotheses using α = 0.05. t= p-value=

You recently read an article in your school newspaper about Professor Rodney Taylor, one of your favorite professors in the religious studies department. According the article, he and the university have been negotiating an early retirement package and are reached a stumbling block. Under the agreement, Professor Taylor is to receive a lump-sum payment equal to one year's salary in exchange for his retirement and the release of any and all rights associated with his tenure status. While recognizing that the payment would be subject to income tax, Taylor contends that the amount is not earned income and thus should not be subject to the FICA tax. The university negotiators say that they are not aware of any authority that supports Taylor's view. In fact, they have learned that other universities in the state system have been withholding amounts for FICA for years in situations involving early retirement buyout packages for high-level administrators. The university's position is that lacking the authority to not withhold for FICA and given the precedent set in similar early retirement packages at other universities, they are obligated to withhold FICA from the payment. You want to come to the aid of Professor Taylor. Obviously, if the payments are considered wages subject to the FICA tax, the value of the offer to Professor Taylor will be significantly reduced. Can you find any authority for his position? Evaluate the position of the university and of the professor. Do the following: (1) Give your opinion. In it, show authorities, citing law, regulations, interpretations and decisions applicable. (2) Enumerate and explain every step you take in reaching your result. These are extremely important - just as important as the conclusion itself.

Abbotsford Tile Ltd. (ATL) is a wholesaler of high quality glass, ceramic and marble tiles. In November 2019 the owner of ATL agreed to sell the company to Barrie Tile Inc. (BTI) another tile wholesaler. Each company is owned and operated by a single individual who originally founded his company. The owner of ATL decided to sell his business because he was beginning to get too old to run the store. The owner of BTI wants to purchase ATL to expand the size of his business. The two men agreed over lunch that BTI would buy ATL for an amount equal to five times ATL’s net income before tax for the year ended December 31, 2019. The deal is to be finalized on March 1, 2020. Closure of the deal requires that BTI approve of the financial statements prepared by ATL. The two men agreed that any disputes regarding the financial statements would be settled by negotiations and, if necessary, by arbitration by an independent third party. It is now January 15, 2020. You have been called by BTI’s owner to help him understand and assess a number of transactions that are reported in ATL’s December 31, 2019 financial statements. The owner of BTI explained that he does not have much experience working with financial statements but based on his examination, along with information obtained from other sources, he is concerned about a number of transactions reported in ATL’s statements. The owner has asked you for a detailed report explaining the impact of each event on the purchase price of ATL and your assessment of each of the issues. BTI’s owner said that he would like a full explanation of the implications of each event, your evaluation of the accounting used by ATL, and your supported recommendation of the appropriate treatment for each event. Your explanations are important because they will be used in negotiations with the owner of ATL and, if necessary, presented to the arbitrator.

The owner of BTI provided you with the following information about the events that are of concern to him:

a) In November 2019 ATL received a large order for tiles from a new customer. The customer’s normal supplier was on strike and had to find an alternative supplier and so the customer came to ATL. The contract requires that the parts be delivered in early January 2020. Production of the order was completed on December 18, 2019 and was ready to ship at that time. The contract requires that the customer must receive the tiles and must inspect and accept them before the contract is finalized. ATL shipped the tiles to the customer on December 31, 2019 and recognized the revenue in the year ended December 31, 2019.

b) Net income before taxes was $625,000 for the year ended December 31, 2019.

1. Consider Ms. Pangolin who pays $1,500 in auto insurance premiums for the year. Assume that she is in accident and the insurance company has to pay $35,000 to cover liability and repair the car. The insurance company expects to pay a total of $750,000 in claims for the year with respect to the group of policy owners of which this individual is a member. Business expenses for the year are 175,000. Investment earnings on premium received are $35,000. How many insurance policies must the insurance company sell to break even (that is, to earn $0 in profit)? Assume that all policies are sold for a $1,500 premium [6 pts] (Show your calculations).

2. Consider the loss from fire damage of furniture which cost $6,000 three years ago and has an expected life of ten years. This furniture would cost $9,000 to purchase today. Under a replacement cost policy, how much would the insurance company pay you for this loss? [2 pts] (Show your calculations).

Of the following investments, which has the lowest risk?

Question 23 options:

In general, the riskier an investment, the greater the opportunity for a large return.

Question 24 options:

In a bond offering, financial advisors MOST often buy bonds of the company ________.

Question 26 options:

Defensive stocks usually have a stock price that is greatly affected by the state of the economy.

Question 29 options:

A utility company that pays a good dividend can best be characterized as a growth stock.

Question 30 options:

Commercial banks are financial institutions that raise funds from businesses and individuals in the form of checking and savings accounts and use those funds to make loans to businesses and individuals.

Question 16 options:

An agreement between the owner of a brand and another company or individual who pays a royalty for the use of the brand in association with a new product is brand ________.

Question 5 options:

A package contains a snack food bag with a manufacturer's brand and a container of dip with the brand of a different manufacturer. This is an example of a(n) ________ brand.

Question 6 options:

Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 169000 dollars. Assume the standard deviation is 43000 dollars. Suppose you take a simple random sample of 77 graduates. Find the probability that a single randomly selected policy has a mean value between 168019.9 and 175860.4 dollars. P(168019.9 < X < 175860.4) = (Enter your answers as numbers accurate to 4 decimal places.) Find the probability that a random sample of size n = 77 n=77 has a mean value between 168019.9 and 175860.4 dollars. P(168019.9 < M < 175860.4) = (Enter your answers as numbers accurate to 4 decimal places.)

Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 121000 dollars. Assume the standard deviation is 41000 dollars. Suppose you take a simple random sample of 79 graduates.

Find the probability that a single randomly selected salary exceeds 117000 dollars.
P(X > 117000) =

Find the probability that a sample of size n=79 is randomly selected with a mean that exceeds 117000 dollars.
P(M > 117000) =

Enter your answers as numbers accurate to 4 decimal places.

Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $156,000. Assume the standard deviation is $42,000. Suppose you take a simple random sample of 49 graduates. Round all answers to four decimal places if necessary.

1. What is the distribution of XX? XX ~ N(,)
2. What is the distribution of ¯xx¯? ¯xx¯ ~ N(,)
3. For a single randomly selected graduate, find the probability that her salary is between $150,400 and $159,100.
4. For a simple random sample of 49 graduates, find the probability that the average salary is between $150,400 and $159,100.
5. For part d), is the assumption of normal necessary? NoYes

Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 160000 dollars. Assume the standard deviation is 42000 dollars. Suppose you take a simple random sample of 100 graduates.

Find the probability that a single randomly selected policy has a mean value between 155800 and 157900 dollars. P(155800 < X < 157900) = (Enter your answers as numbers accurate to 4 decimal places.)

Find the probability that a random sample of size n = 100 n=100 has a mean value between 155800 and 157900 dollars. P(155800 < M < 157900) =

(Enter your answers as numbers accurate to 4 decimal places.)