write an essay on health people 2010

Country Financial, a financial services company, uses surveys of adults age 18 and older to determine if personal financial fitness is changing over time (USA Today, April 4, 2012). In February of 2012, a sample of 1000 adults showed 410 indicating that their financial security was more than fair. In February of 2010, a sample of  900 adults showed 315 indicating that their financial security was more than fair.

What is the point estimate of the difference between the proportions at the two years, 2012 and 2010 ? Round to 2 decimal places.

At 99% confidence, what is the margin of error? Round to 2 decimal places.

What is a 99% confidence interval estimate of the difference between the proportions at the two years, 2012 and 2010?

At 95% confidence, what is the margin of error? Round to 2 decimal places.

What is a 95% confidence interval estimate of the difference between the proportions at the two years, 2012 and 2010?

The following data give the average price received by fishermen for several species of fish in 2000 and 2010. The price is in cents per pound.

1. Create a regression equation for the data.
   
   ˆy=y^=    Round to 2 decimal places.
   
2. What is the correlation coefficient between the 2000 and 2010 prices.
   
   Round to 2 decimal places.
   
3. If a type of fish was 41.3 cents per pound in 2000, how much would you expect to pay for it in 2010?
   
   ¢/lbs Round to 1 decimal places.

Use the information above to forecast the next two year revenue for Exxon Mobil. Based your forecasts on the average of the actual revenue growth between 2009 to 2010 and 2010 to 2011.

Use the information above to forecast the next two years cost of revenue and selling, general, and administrative expenses for Exxon Mobil. Base your forecasts on the actual relationship between these expenses and revenue for 2011.

The following data give the average price received by fishermen for several species of fish in 2000 and 2010. The price is in cents per pound.

1. Create a regression equation for the data.
   
   ˆy= (Round to 2 decimal places)
   
2. What is the correlation coefficient between the 2000 and 2010 prices?
   
   _____(Round to 2 decimal places.)
   
3. If a type of fish was 41.3 cents per pound in 2000, how much would you expect to pay for it in 2010?
   
   _____¢ per lbs (Round to 1 decimal places.)

JE to Record R&D and Patent

6. During 2010, Bills Corporation spent $170,000 in research and development costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2010, and had a legal life of 20 years and a useful life of 10 years. Legal costs of $18,000 related to the patent were included as of October 1, 2010.

(a) Prepare all journal entries in 2010 and 2011 as a result of the transactions above.

(b) On June 1, 2012, Bills spent $9,480 to successfully prosecute a patent infringement suit. As a result, the estimate of useful life was extended to 12 years from June 1, 2012. Prepare all journal entries required in 2012 and 2013.

(c) In 2014, Bills determined that a competitor’s product would make the New Age Piano obsolete and the patent worthless by December 31, 2015. Prepare all journal entries required in 2014 and 2015.

Background Information Note the following:

• Acme Corporation is a publicly listed company

• ACME’s Fiscal year end is December 31

• In addition to the cash account being reconcile here; ACME has a separate Revolving Credit account.

  This is a revolving credit facility where interest is accrued on the average balance outstanding during the month. The interest amount is required to be paid on a monthly basis. The correct is amount calculated and taken from the account automatically by the bank.

• The facility has an annual interest rate of 4%

• Management has set-out in the Financial Statements that the average balance outstanding in this

  revolving credit facility is normally at around $ 150,000.

• The Audit Committee has also informed the Partner that the CRA audited ACME in the previous year

  and levied a penalty of $50,000 and has informed the Board that they plan continue their audit in the new year.

  Required

  Part 1

1. a) From the information provided in EXHIBIT A, perform and document a Bank Reconciliation. - 20 marks

2. b) From the Background info. provided above, identify potential errors and disclosure requirements - 5 marks

Part 2

1. a) Identify the financial assertions relating to the Cash account addressed by the Bank Reconciliation and explain how. – 5 marks

2. b) Identify what type of activity the Bank Reconciliation is. – 5 marks

3. c) Identify the 6 possible characteristics (of the activity above) and which apply to the Bank Rec. – 5 marks

BONUS
How would the Auditor test the identified characteristics. – 4 marks

EXHIBIT A

Two types of survey questions are open questions and closed questions. An open question allows for any kind of? response; a closed question allows for only a fixed response. An open question and a closed question with its possible choices are given below. List the advantages and disadvantages of each question.

Open? question: What can be done to get students to eat healthier? foods?

Closed? question: How would you get students to eat healthier? foods?

1. Mandatory nutrition course

2. Offer only healthy foods in the cafeteria and remove unhealthy foods

3. Offer more healthy foods in the cafeteria and raise the prices on unhealthy foods