An economy produces and consumes only two products: college education and economic textbooks. The following table gives the appropriate data for two different years.

            Using the above table, compute the following and show your calculations

Nominal GDP for 2005 and 2008.

Real GDP for 2008 using 2005 as the base year.

The GDP Deflator for 2008.

The CPI index for 2005 and 2008 using 2005 as the base year.

The inflation rate from 2005 to 2008 based on the CPI.

6. Which of the following statements is not true?

A) A hog farmer’s decision to sell hog futures is an example of short hedging to limit risk. B) Forward contracts are traded on an organized exchange, and futures contracts are traded on the OTC markets. C) A company that mines bauxite, an aluminum ore, decides to short aluminum futures. This is an example of cross-hedging. D) Marking-to-market refers to the daily settlement of obligations on future positions.

A New York City daily newspaper called “Manhattan Today” charges an annual subscription fee of $594. Customers prepay their subscriptions and receive 290 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $560 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $550 per hour. The company estimates that approximately 30% of the coupons will be redeemed.

Required:

1. How much revenue should Manhattan Today recognize upon receipt of the $560 subscription price?

2. How many performance obligations exist in this contract?

3. Prepare the journal entry to recognize sale of 11 new subscriptions, clearly identifying the revenue or deferred revenue associated with each performance obligation.

Researchers at two universities found that airlines are doing a better job of getting passengers to their destinations on time. Company A and Company B Airlines were among the leaders in on-time arrivals with both having 88% of their flights arriving on time. But for the 12% of flights that were delayed, how many minutes were these flights late? Sample data showing the number of minutes that delayed flights were late are shown below for both airlines. Use Excel to run a two-sample t-test assuming unequal variances to answer the questions.

(a)

Formulate the hypotheses that can be used to test for a difference between the population mean minutes late for delayed flights by these two airlines. (Let μ₁ = population mean minutes late for delayed Company A flights and μ₂ = population mean minutes late for delayed Company B flights.)

H₀: μ₁ − μ₂ ≤ 0

H_a: μ₁ − μ₂ > 0

H₀: μ₁ − μ₂ ≥ 0

H_a: μ₁ − μ₂ < 0

H₀: μ₁ − μ₂ = 0

H_a: μ₁ − μ₂ ≠ 0

H₀: μ₁ − μ₂ ≠ 0

H_a: μ₁ − μ₂ = 0

H₀: μ₁ − μ₂ < 0

H_a: μ₁ − μ₂ = 0

(b)

What is the sample mean number of minutes late for delayed flights for each of these two airlines? (Round your answers to two decimal places.)

Company A minCompany B min

(c)

Calculate the test statistic. (Round your answer to three decimal places.)

What is the p-value? (Round your answer to four decimal places.)

p-value =

Using a 0.05 level of significance, what is your conclusion?

Do not Reject H₀. There is statistical evidence that one airline does better than the other in terms of their population mean delay time.Reject H₀. There is statistical evidence that one airline does better than the other in terms of their population mean delay time.    Reject H₀. There is no statistical evidence that one airline does better than the other in terms of their population mean delay time.Do not reject H₀. There is no statistical evidence that one airline does better than the other in terms of their population mean delay time.

Dell had its management buyout in 2013. Dell, as a private company, acquired EMC, a publicly listed company, for $67 billion; the deal closed in September 2017. What are the synergy benefits and challenges for Dell and EMC since this acquisition? (List all 5 benefits and challenges)

On October 1, 2018, Bullseye Company sold 250,000 gallons of diesel fuel to Schmidt Co. at $3 per gallon. On November 8, 2018, 150,000 gallons were delivered; on December 27, 2018. Another 50,000 gallons were delivered; and on January 15, 2019, the remaining 50,000 gallons were delivered. Payment terms are 10% due on October 1, 2018, 50% due on first Delivery; 20% due on the next delivery; and the remaining 20% due on final delivery.

1. Do each of the three deliveries represent a distinct performance obligation, or is there a single performance obligation requiring three deliveries?

2. What amount of revenue should bullseye recognize from this sale during 2018?

Compare the 2014 inventory turnover results for two or more publicily traded companies. Examples: 1)AutoZone (a Memphis based company with Advance Auto, 2) Apple, Dell, And Best Buy, 3) Walmart and Target.

Write an executive summary(two pages) detaling the respective inventory turnover ratios for the given period, giving the equivalent number of days of inventory for each company, and the potential financial impact if the under-performing company could match the inventory turnover ratio of the higher-performing company. Assume a 25% carrying cost ratio. Be careful to use the correct units for the financial impact

Perpetual Inventory Using FIFO

Beginning inventory, purchases, and sales data for DVD players are as follows:

The business maintains a perpetual inventory system, costing by the first-in, first-out method.

a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost colum

Please show me how to calculate (a) to (c)

The RTO model for smartphones would work as follwos;

Customers could lease a high-end smartphone such as the Apple iPhone with retail price of $649 for a monthly fee of $30 with a minimum term of 12 months. After the minimum term, customers would have three options:

(1) buy the leased phone for $499 or

(2) continue leasing the phone for 30/ moth or

(3) return the leased phone to BB company.

It was estimated that 25% of customers would buy the phone, 25% would return the phone, and the remaining 50% would keep leasing the phone for an average of 24 months, after which they would return the depreciated price. The new phones would cost BB company an average of $599 to acquire. The depreciated value of the phones that BB company could realize was estimated at $499 ate the end of 12 months and $249 at end of 24 months. Due to the risky nature of the customers who would be attracted to the RTO arrangement, it was estimated that 20% of the phones rented under this arrangement would be lost to defaults. In the case of a default, BB company would need to write off the entire cost of buying the phone. Best Buy estimated that 0.5 million customers would sigh up for the RTO model in the first year, 1 million in the second year, and 2 million in the third year. BB company would apply an annual discount rate of 12% to calculate the NPV of the cash flows from the RTO model.

A New York City daily newspaper called "Manhattan Today" charges an annual subscription fee of $108. Customers prepay their subscriptions and receive 270 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $110 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $100 per hour. The company estimates that approximately 30% of the coupons will be redeemed.

Required:

Prepare the journal entry to recognize the sale of 10 new subscriptions, clearly identifying the revenue or unearned revenue associated with each performance obligation.