1) Paula Corporation owns all of the voting common stock of Sally Company. Sally manufactures toys and sells
them to Paula. In turn, Paula sells them to customers. Neither of these companies do anything else. At the
beginning of 2012 neither company had any inventory. During 2012 Sally manufactured 120,000 toys and
sold 100,000 of them to Paula for $10 each and Paula sold 90,000 of these toys to customers for $16 each.
These toys had cost Sally only $7 each to produce. During 2013 Sally manufactured 115,000 toys and sold
98,000 to Paula for $10 each. Paula sold 100,000 toys to customers during 2013 for $16 each. (The
manufacturing cost for Sally was still $7 per toy.) Please determine each of the following:
A. Total Consolidated Sales Revenue for 2013

B. Total Consolidated Cost of Goods Sold for 2013

C. Consolidated Ending Inventory for December 31, 2013

2) During 2014 Sally produced 200,000 toys at a cost of $7 each. Paula produced 30,000 books at a cost of $12
each. Sally sold 120,000 toys to Paula for $10 each and 50,000 toys to customers for $15 each. Paula sold
110,000 of the toys to customers for $16 each and 20,000 books to customers for $20 each. Please
determine each of the following:
A. Total Consolidated Sales Revenue for 2014

B. Total Consolidated Cost of Goods Sold for 2014

C. Consolidated Ending Inventory for December 31, 2014

Part II
t the beginning of 2014 Peri Co. created a wholly owned subsidiary, Speri Co., to handle the marketing and sales of its
products. During 2014 Peri manufactured goods for a total cost of $1,000,000. It sold 80% of these items to Speri for
$1,200,000. Speri sold 75% of what it purchased from Peri to customers for $1,500,000. (Peri only sold to Speri and
Speri only purchased from Peri.) In the 2014 annual consolidated financial statements for Peri and Speri, what should
be reported for each of the following:
A. Total Consolidated Sales Revenue for 2014

B. Total Consolidated Cost of Goods Sold for 2014

C. Consolidated Ending Inventory for December 31, 2014

Listed below are the 35 members of the Metro Toledo Automobile Dealers Association. We would like to estimate the mean revenue from dealer service departments. The members are identified by numbering them 00 through 34.

We want to select a random sample of five dealers. The random numbers are: 90, 94, 74, 16, 33, 68, 84, 16, 3, 34, 24, and 15. Which dealers would be included in the sample? (Enter the numbers as they appear.)

Using systematic random sampling, every sixth dealer is selected starting with the 05 dealer in the list. Which dealers are included in the sample?

Blue Spruce’s Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March.

Journalize the March transactions. Blue Spruce’s records golf fees as service revenue. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

What are two major controls for sales returns and allowances transactions? What are the control objectives for each?

II. For each of the following situations based on ASC606, indicate the audit evidence that should be obtained to determine whether revenue should be recognized or not in the current period:

1. The company you are auditing, Morgan Telecom, maintains an inventory of telecommunications equipment. Peaks Telephone Company placed an order for 10 new transformers valued at $5 million, and Morgan delivered them just prior to December 3 Morgan's normal business practice for this class of customer is to enter into a written sales agreement that requires the signatures of all the authorized representatives of Morgan and its customer before the contract is binding. However, Peaks has not signed the sales agreement because it is awaiting the requisite approval by the legal department. Peaks' purchasing department has orally agreed to the contract, and the purchasing manager has assured you that the contract will be approved the first week of next year.
2. Good Products is a retailer of appliances that offers “layaway” sales to its customers twice a year. Good retains the merchandise, sets it aside in its inventory, and collects a cash deposit from the customer. The customer signs an installment note at the time the initial deposit is received, but no payments are due until 30 days after delivery.
3. Taylor's Discount Stores is a discount retailer who generates revenue from the sale of membership fees it charges customers to shop at its stores. The membership arrangement requires the customer to pay the entire membership fee (usually $48) at the beginning of the arrangement. However, the customer can unilaterally cancel the membership arrangement and receive a refund of the unused portion. Based on past experiences, Taylor's estimates that 35 percent of the customers will cancel their memberships before the end of the contract.

An Exchange Traded fund with an objective of both growth and income is a(n)

PLEASE SHOW WORK USING EXCEL SPREADSHEET

HCA HealthCare is considering an acquisition of Mission Health. Mission Health is a publicly traded company, and its current beta is 1.30. Mission Health has been barley profitable and had paid an average of only 20% in taxes during the last several years. In addition, it uses little debt, having a debt ration of just 25%. If the acquisition were made, HCA would operate Mission Health as a separate, wholly owned subsidiary. Mission Health would pay taxes on a consolidated basis, and the tax rate would therefore increase to 35%. HCA also would increase the debt capitalization in the Mission Health subsidiary to 40% of assets, which would increase its beta to 1.5. HCA estimates that Mission Health, if acquired, would produce the following net cash flows to HCA's shareholders (in millions of dollars):

These cash flows include all acquisition effects. HCA's cost of equity is 14%; its beta is 1.0; and its cost of debt is 10%. The risk free rate is 8%

A. What discount rate should be used to discount the estimated cash flow? (Hint: Use HCA's cost of equity to determine the market risk premium)

B. What is the dollar value of Mission Health to HCA's shareholders?

YAD opened a consultancy office on September 1, 2017. On September 30, the balance sheet showed Cash $5,000, Accounts Receivable $1,500, Supplies $500, Equipment $6,000, Accounts Payable $4,200 and Owner's Capital $8,800. During October, the following transactions occurred.

2/10/2017. YAD purchases computer equipment for $7,000 cash.

13/10/2017. YAD purchases computer paper and other supplies for $1,600 from ABC Supply Company computer expected to last several months. ABC agrees to allow Microsoft to pay this bill in February.

14/10/2017. YAD receives $1,200 cash from customers for programming services it has provided.

25/10/2017. YAD receives a bill for $250 from the Daily News for advertising but postpones payment until a later date.

26/10/2017. YAD provides $3,500 of programming services for customers. The company receives cash of $1,500 from customers, and it bills the balance of $2,000 on account.

27/10/2017. YAD pays the following expenses in cash for January: rent $600, salaries of employees $900 and utilities $200.

28/10/2017 YAD pays its $250 Daily News bill in cash.

29/10/2017 YAD receives $600 in cash from customers who had been billed for services in transaction number 26/10/2017.

Requirements:

1- Show the effect of the above transactions on the accounting equation .

2- Prepare Journal entries to record the above transactions .

3- Prepare the T-accounts for cash, account payable and expenses on January 31, 2017 .

4- Prepare the financial statements (Balance sheet, income statement, owner’s equity statement) .

The at rest pulse rate of 32 students were recorded. The dataset contains the following variables: (1) Gender, (2) Age, (3) Pulse Rate (beats per minute), (4) Ordinal scale for how good they think they are in shape (1 = poor, 5 = good), (5) Weight, (6) Height Is there evidence to suggest the typical pulse rate of males is less than females? Download/Display Data Gender Age Are you in shape? Pulse Rate (min) Weight Height (inches) Female 18 2 84 165 61 Male 18 5 53 170 69 Female 27 3 100 150 64 Male 21 3 80 170 72 Female 21 4 80 130 63 Male 20 3 52 190 73 Male 19 3 72 165 72 Male 20 3 92 270 71 Female 18 3 80 138 64 Female 18 4 80 168 65 Male 19 4 80 147 71 Female 27 3 144 194 65 Male 35 2 96 260 72 Male 32 2 68 220 69 Female 18 2 80 145 64 Male 18 4 52 140 68 Female 23 3 80 140 63 Male 18 3 68 250 74 Male 19 4 80 230 75 Male 21 4 64 135 69 Male 18 2 58 190 70 Female 19 4 68 112 63 Male 19 2 68 170 67 Female 35 2 76 219 66 Female 25 3 84 127 61 Male 21 3 72 175 70 Male 20 2 72 174 70 Female 19 1 72 150 70 Female 22 3 68 170 66 Female 23 2 84 192 71 Female 27 4 92 137 67 Female 27 4 92 137 67.

Provide 3 examples of the importance of passing SCR-74 (HIV viral load suppression.)