Questions
Data are shown for a study of pulse rates of students sitting versus standing. At α...

Data are shown for a study of pulse rates of students sitting versus standing. At α = 0.05, test the claim that the standing pulse rate is higher than the sitting pulse rate for students.

Student

Sitting Pulse Rate (bpm), x

Standing Pulse Rate (bpm), y

1

2

3

4

5

6

7

8

9

10

11

12

13

14

74

74

58

80

78

62

74

62

68

64

60

56

52

80

78

76

60

96

90

64

74

70

66

74

80

58

52

88

In: Statistics and Probability

Listed below ages of best actresses. 22, 37, 28, 63, 32, 26, 31, 27,27, 28, 30...

Listed below ages of best actresses.

22, 37, 28, 63, 32, 26, 31, 27,27, 28, 30 , 26, 29, 24, 38, 25, 29, 41, 30, 35, 35, 33, 29, 38, 54, 24, 25, 46, 41, 28, 40, 39, 29, 27, 31, 38, 29, 25, 35, 60, 43, 35, 34, 34, 27, 37, 42, 41, 36, 32, 41, 33, 31, 74, 33, 50, 38, 61, 21, 41, 26, 80, 42, 29, 33, 35, 45, 49, 39, 34, 26, 25, 33, 35, 35, 28.

  1. Construct a frequency distribution.                                                                    [6+4 points]
  2. Construct a histogram and interpret the graph.

In: Statistics and Probability

On January 1, 2005 Able Company purchased all of the stock of Baker Company. On January...

On January 1, 2005 Able Company purchased all of the stock of Baker Company. On January 1, 2010, Able purchased a piece of equipment for $50,000. This equipment is expected to last 8 years with a 2000 salvage. On January 1, 2011 Able sold the equipment to Baker for $50,000. Baker believes the asset has 7 years of life remaining and a $1,000 salvage. On January 1, 2013 Baker sold the equipment to Cat Company for $30,000.

REQUIRED:

A) PREPARE ALL THE JOURNAL ENTRIES FOR ABLE CONNECTED WITH THIS EQUIPMENT

B) PREPARE ALL THE JOURNAL ENTRIES Baker makes connected with this equipment

C) Make all the necessary worksheet entries for 2010; 2011, 2012 and 2013 connected with this equipment

In: Accounting

1)   On January 1, 2005 Able Company purchased all of the stock of Baker Company. On...

1)   On January 1, 2005 Able Company purchased all of the stock of Baker Company. On January 1, 2010, Able
purchased a piece of equipment for $50,000. This equipment is expected to last 8 years with a 2000 salvage.
On January 1, 2011 Able sold the equipment to Baker for $50,000. Baker believes the asset has 7 years of life remaining and a $1,000 salvage.
On January 1, 2013 Baker sold the equipment to Cat Company for $30,000.  
Make all the necessary worksheet entries for 2010; 2011, 2012 and 2013 connected with this equipment

In: Accounting

Required information [The following information applies to the questions displayed below.] Adger Corporation is a service...

Required information

[The following information applies to the questions displayed below.]

Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below:

Fixed Element
per Month
Variable Element per Customer Served Actual Total
for May
Revenue $ 5,200 $ 170,000
Employee salaries and wages $ 51,000 $ 1,200 $ 92,700
Travel expenses $ 650 $ 20,600
Other expenses $ 30,000 $ 29,000

When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers.

11. What amount of employee salaries and wages would be included in Adger’s planning budget for May?

12. What amount of travel expenses would be included in Adger’s planning budget for May?

13. What amount of other expenses would be included in Adger’s planning budget for May?

14. What activity variance would Adger report in May with respect to its revenue? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

15. What activity variances would Adger report with respect to each of its expenses for May? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all

In: Accounting

enith Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment;...

enith Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Common Stock; Retained Earnings; Dividends; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.

Transactions
Mar. 1 Paid rent for the month, $4,000.
3 Paid advertising expense, $1,350.
5 Paid cash for supplies, $1,800.
6 Purchased office equipment on account, $11,500.
10 Received cash from customers on account, $8,600.
15 Paid creditor on account, $3,180.
27 Paid cash for miscellaneous expenses, $700.
30 Paid telephone bill for the month, $550.
31 Fees earned and billed to customers for the month, $37,200.
31 Paid electricity bill for the month, $830.
31 Paid dividends, $2,000.

Journalize the preceding selected transactions for March 2018 in a two-column journal. Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTS
Zenith Consulting Co.
General Ledger
ASSETS
11 Cash
12 Accounts Receivable
13 Supplies
14 Office Equipment
LIABILITIES
21 Accounts Payable
EQUITY
31 Common Stock
32 Retained Earnings
33 Dividends
REVENUE
41 Fees Earned
EXPENSES
51 Rent Expense
52 Advertising Expense
53 Utilities Expense
54 Miscellaneous Expense

In: Accounting

At the end of the year, a company offered to buy 4,200 units of a product...

At the end of the year, a company offered to buy 4,200 units of a product from X Company for a special price of $11.00 each instead of the company's regular price. The following information relates to the 69,100 units of the product that X Company has already made and sold to its regular customers:

Total    Per-Unit
Revenue $1,312,900 $19.00   
Cost of Goods Sold
   Variable 463,661 6.71   
   Fixed 128,526 1.86   
Selling and Administrative Costs
   Variable   95,358   1.38   
   Fixed     71,864   1.04   
Profit $553,491 $8.01   


The special order product has some unique features that will require additional material costs of $0.90 per unit and the rental of special equipment for $3,000.

The marketing manager thinks that if X Company accepts the special order, regular customers will be lost, with demand falling by 800 units. This loss in sales will cause firm profits to fall by ______________?

In: Accounting

Please finish the following assignment in Excel. Ignoring price, create a chart that displays the seasonality...

Please finish the following assignment in Excel.

  1. Ignoring price, create a chart that displays the seasonality of cranberry sales.
  2. Ignoring price, create a chart that shows whether there is an upward trend in sales.
  3. Determine average sales per quarter, breaking it down based on whether your price was higher or lower than the competitor’s price. You can use the following function to transform the price into a category variable:  “=IF(J14<K14,"Higher Price", "Lower Price")”
Year Quarter Units Competitor Price My Price
2006 1 453.4041 4.05 4.74
2006 2 454.8513 4.81 5.28
2006 3 523.9836 5.42 4.43
2006 4 578.7019 4.31 5.02
2007 1 608.5591 4.71 4.11
2007 2 577.5938 4.88 4.52
2007 3 571.9 5.81 4.41
2007 4 660.0556 4.14 4.87
2008 1 443.501 4.58 5.3
2008 2 390.6668 4.2 5.07
2008 3 429.6064 4.24 5.14
2008 4 788.3224 5.89 4.66
2009 1 581.585 5.2 4.52
2009 2 503.9166 5 4.86
2009 3 499.7705 4.5 4.63
2009 4 936.1867 5.05 4.25
2010 1 459.4822 5.42 4.94
2010 2 470.638 4.57 4.58
2010 3 349.4878 5.06 5.78
2010 4 912.5367 5.28 4.16
2011 1 400.3611 4.93 5.5
2011 2 528.4768 4.34 4.33
2011 3 605.8438 5.23 4.46
2011 4 574.5326 5.62 5.53

In: Statistics and Probability

In a defined benefit plan, if the actuarial present value of promised retirement benefits exceeds the...

In a defined benefit plan, if the actuarial present value of promised retirement benefits exceeds the net asset

available for benefits, there is…

a)

excess

c)

income

b)

deficit

d)

loss

52 The amount of benefits to be received by employees enrolled in defined contribution plan is…

a)

dependent on the contributions and investment income of the fund.

b)

an amount that can be determined by reference to the plan formula.

c)

equal to the contributions made to the plan.

d)

the actuarial present value of all contributions to the fund, adjusted for investment income and costs

of managing the fund.

PAS #27- Separate Financial Statements

53

According to PAS 27, which of the following is required to present separate financial statements?

a)

A publicly listed company c) An entity with an investment in associate.

b)

A parent company d) None of those listed.

According to PAS 27, investments in subsidiaries, associates, or joint ventures are accounted for in the

separate financial statements,

a)

at cost

b)

in accordance with PFRS 9 Financial Instruments.

c)

using the equity method under PAS 28, Investments in Associates and Joint Ventures.

d)

any of these, as a matter of accounting policy choice.

55 Entity A acquired an investment in associate for P1M, many years ago. At the end of the current reporting period

period, the investment has a fair value of P2.9M. If the equity method is used, the investment would have a

current carrying amount of P2.6M. Entity A's financial statement would show a value at…

a)

P1,000,000 c) P2,900,000

b)

P2,600,000 d) any of these-a matter of accounting policy choice.

PAS #28- Investments in Associates and Joint Ventures

56

Entity A owns 25% of the voting rights in Company B. However, Entity A has no representation on the board of

directors of Company B. Which of the following statements is correct?

a)

Entity A cannot be presumed to have significant influence over Company B, because Entity A does not have

board representation.

b)

Entity is presumed to have significant influence over Company B because it holds 25% or more of the voting

rights in Company B.

c)

Entity is presumed to have significant influence over Company B because it holds 20% or more of the voting

rights in Company B.

d)

Representation on an investee's board of directors is never considered when determining the existence of

significant influence.

its already complete details

In: Accounting

Which of the following does not properly describe the Altman Z-score? Multiple Choice The Z-score is...

Which of the following does not properly describe the Altman Z-score?

Multiple Choice

  • The Z-score is a multiple discriminant analysis using five financial ratios to estimate default risk.

  • A high score is an indication of default risk.

  • The Z-score was originally designed only for publicly traded manufacturing firms.

  • Each ratio has its own unique weight in calculating the final score.

Cash flow assessment plays a central role in analyzing:

Multiple Choice

  • the future earnings potential of a company.

  • the credit risk of a company.

  • management’s effectiveness.

  • the firm’s investment potential.

Which of the following statements is false regarding the business valuation process?

Multiple Choice

  • FASB contends that current accrual earnings are a proxy for free cash flow.

  • A simplified version of the discounted free cash flow valuation model assumes a zero-growth perpetuity for future cash flows. This approach is best applied to growth companies with stable cash flow patterns.

  • If a company is currently generating a sustainable free cash flow of $10 per share and the discount rate is 10%, the estimated share price is $100.

  • One popular approach to estimate a firm’s equity cost of capital is the capital asset pricing model.

Under the abnormal earnings approach of equity valuation, investors willingly pay a premium for those firms that:

Multiple Choice

  • earn less than the cost of equity capital.

  • produce negative abnormal earnings.

  • produce positive abnormal earnings.

  • earn an amount equal to the equity cost of capital.

In: Finance