The mean area of homes in a certain city built in 2009 was 2438 square feet. Assume that a simple random sample of 11 homes in the same city built in 2010 had a mean area of 2,297 square feet, with a standard deviation of 225 square feet. An insurance company wants to know if the mean area of homes built in 2010 is less than that of homes built in 2009. Compute the P-value of the test.

Write down your P-value. You will need it for the next question.

Write only a number as your answer. Round to four decimal places (for example: 0.3841).

In the last question, an insurance company wants to know if the mean area of homes built in 2010 is less than that of homes built in 2009. What is the conclusion at the 0.05 level of significance?

Question 13 options:

Consider a portion of monthly return data (In %) on 20-year Treasury Bonds from 2006–2010.

Source: Federal Reserve Bank of Dallas.

Estimate a linear trend model with seasonal dummy variables to make forecasts for the first three months of 2011. (Round answers to 2 decimal places.)

DATA:

Question 4
Diana and Nolothando have operated a clothing business called Fabulous Fashions for the past few years. The two became friends after meeting at a fashion design course in their first year of study. Shortly after qualifying in 2007, the two decided to combine their immense talent and flair for fashion and began producing their own designs through a partnership. The partnership began trading on          1 January 2008 and profits and losses were shared equally between the partners. The partners use fixed capital accounts.
Prior year statement of financial position
The following is the statement of financial position of Fabulous Fashion as at 31 December 2009.
Statement of financial position of Fabulous Fashion as at 31 December 2009 Non- current assets: 446 000              Property, plant and equipment – cost 743 000              Property, plant and equipment – accumulated – accumulated       depreciation (297 000) Current Assets: 929 000 Inventory 543 000 Trade receivable 274 000 Bank 112 000 1 375 000 Total Assets Equity 1 084 500          Capital account : Diana 225 000          Capital account: Nolothando 225 000          Current account: Diana 356 000           Current account: Nolothando 278 500 Current liabilities 290 500 Trade payables 73 000 Short – term loan (10% per annum) 217 500 Total equity and liabilities 1 375 000

Admission of a new partner
In January 2017 Tharuna, Diana’s neighbour, returned home after spending two years working for fashion house in Milan. Inspired to begin producing her own designs, she approached Diana and Nolothando and asked to join Fabulous Fashions. The Partners agreed and admitted Thaurana to the partnership on 1 January 2010, knowing that Thaurana would assist considerably in bringing their designs in line with overseas trends.

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On 1 January 2010 the fair value of the assets and liabilities of Fabulous Fashions were as follows:
Goodwill ? Property, plant and equipment 566 000 Trade receivable 244 000

a) Tharuna would be entitled to 20% of the profit and losses of the new partnership. Nolothando and Diana would each be entitled to 40% of the profits and losses. b) Tharuna contributed R254 900 in cash, which included an amount of R20 000 relating to her share of goodwill in the partnership.    c) The new partnership would be called Fabulous International Fashions, and would continue to use the books of the previous partnership. d) Capital account balances would attract interest at a rate of 5% per annum.     
Dissolution of partnership
During the 2010 financial year, inspired by Tharuna’s stories of working overseas, Nolothando and Diana began to feel that they too wanted to spend some time working in a foreign country.
Nolothando was offered a job designing women’s clothes at DKNI and Diana was offered a position in Zurich to work as a designer for the national soccer team. It was decided that the partnership would dissolve, by way of a simple dissolution on 31 December 2010, and that Tharuna would continue to run the business as a sole proprietor.
The net profit earned by Fabulous International fashions for the year ended 31 December 2010, was R636 745. No drawings were made and no additional capital contributions were granted during the year.
Tharuna undertook to purchase the inventory and equipment from the partnership for an amount of R2, 6 Million on 31 December 2010. The debtors balance was recovered in full as it related to only one debtor who settled his account on 1 January 2011. The short-term loan needed to be repaid up on dissolution of the partnership and full trade payables balance was settled. Dissolution costs amounted to R15 000.
Current year statement of financial position
The following is an extra of the statement of financial position of fabulous fashions as at 31 December 2010.
Statement of financial position of Fabulous Fashions as at 31 December 2010 (extract) Non – current assets:        Goodwill ?

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       Property, plant and equipment – cost 566 000        Property, plant and equipment – accumulated depreciation (113 000) 3 309 645 Current Assent:            Inventory 2 080 000            Trade receivables 460 000           Bank 769 645 Total assets ? Equity ? Current liabilities: 1 696 500       Trade payables 1 278 500        Short term loan (10% per annum) 418 000 Total liabilities

Required:
1) Calculate the goodwill to be recognised on 1 January 2010 when the new partnership, Fabulous International Fashions, is formed.   (1.5 marks) 2) Discuss what goodwill is. Given an example of what Fabulous Fashions may have done that may have given rise to goodwill. 3) Prepare the journal entries required to record the admission of Tharuna to the partnership.     4) Prepare the equity section of the statement of financial position of Fabulous International Fashions at 31 December 2010, immediately prior to the dissolution. 5) Process the journal entries to account for the dissolution of Fabulous International Fashions.

On 1 July, 2018 Bundoora Ltd acquires 25 per cent of the issued capital of Preston Ltd for a cash consideration of $150,000.

At the date of acquisition, the share capital and retained earnings of Preston Ltd are as follows: Share capital $120,000 and Retained earnings $480,000 (Total Shareholders’ equity $600,000).

Additional information:

• For the year ending 30 June, 2019 Preston Ltd records an after tax profit of $50,000 from which it pays a dividend of $30,000.

• For the year ending 30 June, 2020 Preston Ltd records an after tax loss of $30,000. On 30 June 2020, Preston Ltd declares dividends of $10,000.

• Bundoora Ltd has a number of subsidiaries.

Required:

1. Prepare the journal entries using both the cost and equity methods of accounting in context of parent entity for the investment in Preston Ltd for each of the years ended 30 June 2019 to 2020.                                                                               

• Describe one situation with real-world examples in which a programmer might want to create a loop that tests its condition in the beginning of the loop and one situation in which the condition is tested at the end of the loop.
• There are many situations where infinite loops may occur. Discuss those situations and provide best practices for each of the loop types that help avoid writing infinite loops.

Futures and Options

2. You have to make a 90,000,000 payment in Japanese Yen on close of business day, Friday, September 11th. You decide to hedge your risk with the futures contracts. Assume you that you enter into the futures position at a close of day on Tuesday, September 8th. Futures and spot data are provided in the file HW1_data.doc. Contract size is 12,500,000 yen.

1. Describe the position you decide to enter (long or short).

2. Describe the contract (what month, and what quantity).

3. Document the gain or loss due to marking to market every day that your position is open.

4. What is the total cost in US$ after you have closed out your futures positions, and made your payment?

5. What would have been the total cost in US$, if you had not hedged? Did you benefit from hedging?

6. Repeat steps a) – e) assuming that you expect a payment of 900,000 British pounds on close of business day, Friday, September 11th. Assume you that you enter into the futures position at a close of day on Tuesday, September 8th. Futures and spot data are provided in the file HW1_data.doc. Contract size is 62,500 British pounds.

Japanese Yen Data

Daily Settlements for Japanese Yen Future (FINAL)Trade Date: Wednesday, 09/09/2020

Daily Settlements for Japanese Yen Futures (FINAL)Trade Date: Friday, 09/11/2020

Spot data:

1.) Many languages (e.g., C and Java) distinguish the character ’c’ from the string “c” with separate sets of quotation marks. Others (e.g., Python) use “c” for both single characters and strings of length one. Provide (and justify) one advantage and one disadvantage of Python’s approach.

2.The designers of Java distinguish the primitive types (scalars) from the reference types (all other types of values) in the language. Discuss the costs and benefits to the programmer of this decision

3.In Ruby, the Hash class accepts the “each” method, allowing hashes to be interacted over, like a collection. In Java, however, the Map classes are not formally part of the JCF (Java Collections Framework). For both Ruby and Java, provide (and justify) an advantage of the language’s choice of location in the class hierarchy of its form of associative list

4.What are the basic differences, if any, in how Java and Ruby handle information hiding (a.k.a. encapsulation)?

5. Java and C++ support generic collections with type parameters, whereas Ruby does not. Does that fact place the Ruby programmer at a disadvantage? Why or why not?

Compact and analysis conception

1. Are all closed interval compact?

for example [0,1]. are they closed and bounded?

2. If i can find the Maximum and Minimum, does that mean the set is closed and bounded?

The following condensed income statements of the Jackson Holding Company are presented for the two years ended December 31, 2021 and 2020:

On October 15, 2021, Jackson entered into a tentative agreement to sell the assets of one of its divisions. The division qualifies as a component of an entity as defined by GAAP. The division was sold on December 31, 2021, for $5,480,000. Book value of the division’s assets was $4,720,000. The division’s contribution to Jackson’s operating income before-tax for each year was as follows:

Assume an income tax rate of 25%.

Required: (In each case, net any gain or loss on sale of division with annual income or loss from the division and show the tax effect on a separate line.)
1. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures.
2. Assume that by December 31, 2021, the division had not yet been sold but was considered held for sale. The fair value of the division’s assets on December 31 was $5,480,000. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures.
3. Assume that by December 31, 2021, the division had not yet been sold but was considered held for sale. The fair value of the division’s assets on December 31 was $4,060,000. Prepare revised income statements according to generally accepted accounting principles, beginning with income from continuing operations before income taxes. Ignore EPS disclosures.