Questions
Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $6,384...

Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $6,384 per course taught. Denton pays its instructors $304 per student enrolled in the class. Both universities charge executives a $344 tuition fee per course attended.

quesion 5

Required

  1. Prepare income statements for Kenton and Denton, assuming that 21 students attend a course.

  2. Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $224 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 40 students in its course.

  3. Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $224 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 40 students in its course.

  1. Prepare income statements for Kenton and Denton Universities, assuming that 13 students attend a course, and assuming that both universities charge executives a $344 tuition fee per course attended.

In: Accounting

Who were the three different stakeholder groups who were heavily impacted by Madoff and explain why?...

Who were the three different stakeholder groups who were heavily impacted by Madoff and explain why?

In less than 150 words

I may use individual names that have been impacted within the group. However, provide the name of the group and then the individuals name in any way.

In: Accounting

the US work culture ranks is very high on Hofstede's individualism vs. collectivism (toward individualism). this...

the US work culture ranks is very high on Hofstede's individualism vs. collectivism (toward individualism). this would seem to suggest American work culture resists teamwork in favour of individual work. do you think that's the case? why do you think some people resist the idea of working in teams? how do you feel about working in teams?

In: Operations Management

Our text tells us that the behavior of group members is shaped by the workgroups, which...

Our text tells us that the behavior of group members is shaped by the workgroups, which " help explain individual behaviors as well as the performance of the group." ( Robbins & Judge, p.139) There are several defining group properties including roles, norms, status, size, cohesiveness, and diversity. Pick three and give a brief explanation of how each might affects the workgroup positively and/or negatively.

In: Operations Management

The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. It...

The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. It is an attractive alternative to getting an MBA for students wanting a career in investment. A student of finance is curious to know if a CFA designation is a more lucrative option than an MBA. He collects data on 50 recent CFAs with a mean salary of $140,000 and a standard deviation of $52,000. A sample of 80 MBAs results in a mean salary of $131,000 with a standard deviation of $14,000.


Assume that μ1 is the population mean for individuals with a CFA designation and μ2 is the population mean of individuals with MBAs. (You may find it useful to reference the appropriate table: z table or t table)


a. Set up the hypotheses to test if a CFA designation is more lucrative than an MBA at the 10% significance level.

  • H0: μ1μ2 = 0; HA: μ1μ2 ≠ 0

  • H0: μ1μ2 ≥ 0; HA: μ1μ2 < 0

  • H0: μ1μ2 ≤ 0; HA: μ1μ2 > 0


b-1. Calculate the value of the test statistic. Do not assume that the population variances are equal. (Round all intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)


b-2. Find the p-value.

  • p-value 0.10
  • 0.05 p-value < 0.10
  • 0.025 p-value < 0.05
  • 0.01 p-value < 0.025
  • p-value < 0.01


c. At the 10% significance level, is a CFA designation more lucrative than an MBA?

In: Statistics and Probability

Fatima Hassan is responsible for the collection, and auditing services of clients' accounts for the Doha...

Fatima Hassan is responsible for the collection, and auditing services of clients' accounts for the Doha Audit Office. Has been commissioned With a new client, Al Wajba Consulting Services Company, which contracted with the Doha Audit Office recently. Company CEO It is Mr. Ali Mahmoud, who monitors all operating activities of the company and takes all major decisions. Never use this company Previously, any services from the audit office. In addition to preparing the financial statements, the Doha Audit Office will handle the related matters Company taxes. On her first visit to the company, Fatima Hassan met Hala Abdullah, she was recently hired as an accountant and is still a student. Accounting last year at a local university. At a later meeting, Hala assured Fatma that she had found the job at the beginning of the class Scholastic after extensive research. She needs money to help fund her studies at university and feels lucky to have found A well-paid job during this current phase of the economic downturn due to the COVID-19 pandemic. Hala felt that Fatima was someone she could talk to and get advice from. Hala spoke of a situation she had in mind Some time ago. Hala concerns dealing with sales revenue. When the proceeds from sales are collected and deposited on a weekly basis, the necessary report is filled out with the most accurate categories of payment: cash, checks or credit cards. Distance Depositing the total amount on a weekly basis, Mr. Ali Mahmoud prepares a report after adjusting the total amount deposited by His own vision. After looking at some of the weekly deposits, Hala noticed that 20,000 Qatari cash were missing from each Deposit process. After a more comprehensive examination of the monthly tax documents that Mr. Ali filled out, Hala notes that the total income is the monthly amount reported to the Tax Authority is QR 80,000 less than the amount actually calculated. Professor Ali He is the only person to deal with the funds after they have been pooled. It is also the only person who deposits money on a weekly basis. When Hala asked Mr. Ali about the non-reporting of these unreported revenues, Mr. Ali replied that it was being done for tax purposes. It is believed that the auditor will accept this procedure because the fees of the Doha Audit Office are to implement Audit tasks and other tax services are paid by Al Wajba Consulting Services.

Study requirements: Each student must answer the following questions but each question should be answered at least 120 word for each question:

3. What are the alternatives available to Hala Abdullah, Fatima Hassan, and Professor Ali Mahmoud?

4. For each alternative dealt with in Requirement (3), are the net benefits exceeding the net losses for all the owners? Discuss your interpretation clearly

5. Whose rights will be violated in every alternative dealt with in Question 3? Discuss your interpretation clearly

can you answer number question number 5

In: Accounting

1.   Colper Grant is the president of  Acme Brush of Brazil, the whole owned Braziliain Subsidiary...

1.   Colper Grant is the president of  Acme Brush of Brazil, the whole owned

Braziliain Subsidiary of US based Acme  Brush Inc. Cooper Grant's compensation

package consists of a combination of salary and bonus.  His annual bonus

is calculated as a predetermined percentage of the pre-tax annual income 

earned by Acme Brush of Brazil.  A condensed income statement for Acme

Brush of Brazil for the most recent year is as follows (amounts in  

thousands of Brazilian reals (BRL)):

BRL

Sales    10,000

Expenses 9,500

Pre-tax income 500

After translating the Brazilian real  income statement to the US dollars, the

condensed income statement for  Acme Brush of Brazil appears as follows

(amounts in thousand of US Dollars (USD):

Sales    3,000

Expenses 3,300

Pre-tax loss -300

A. Explain how Acme Brush of Brazil's pre-tax income in BRL becamea  US

dollar pretax loss.  In order to receive the full credit, you are required 

to show all steps in calculation.

B. Discuss whether Cooper Grant should be paid a bonus or not.

In: Accounting

Pearl Company began operations on January 2, 2016. It employs 12 individuals who work 8-hour days...

  1. Pearl Company began operations on January 2, 2016. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 13 paid vacation days and 8 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows.

Actual Hourly
Wage Rate

Vacation Days Used
by Each Employee

Sick Days Used
by Each Employee

2016

2017

2016

2017

2016

2017

$13

$15

0

12

5

7


Pearl Company has chosen not to accrue paid sick leave until used and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation time.

Year in Which Vacation
Time Was Earned

Projected Future Pay Rates
Used to Accrue Vacation Pay

2016

$14.19

2017

  15.31

  1. Prepare journal entries to record transactions related to compensated absences during 2016 and 2017.
    1. 2016:
      1. To accrue expense and liability for vacations
      2. To record sick leave paid

Date

Accounts

             DR

              CR

1.

2.

2. 2017:

1. To accrue expense and liability for vacations

              2. To record sick leave paid

              3. To record vacation time paid

Date

Accounts

             DR

              CR

1.

2.

3.

b. Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2016 and 2017.

Please show work!

In: Accounting

Pearl Company began operations on January 2, 2016. It employs 12 individuals who work 8-hour days...

  1. Pearl Company began operations on January 2, 2016. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 13 paid vacation days and 8 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows.

Actual Hourly
Wage Rate

Vacation Days Used
by Each Employee

Sick Days Used
by Each Employee

2016

2017

2016

2017

2016

2017

$13

$15

0

12

5

7


Pearl Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation time.

Year in Which Vacation
Time Was Earned

Projected Future Pay Rates
Used to Accrue Vacation Pay

2016

$14.19

2017

  15.31

  1. Prepare journal entries to record transactions related to compensated absences during 2016 and 2017.

2016: 1. To accrue expense and liability for vacations

2. To record sick leave paid

Date

Accounts

DR

CR

1.

2.

2017: 1. To accrue expense and liability for vacations

2. To record sick leave paid

3. To record vacation time paid

Date

Accounts

DR

CR

1.

2.

3.

  1. Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2016 and 2017.

2016

2017

Accrued liability

$

$

In: Accounting

4. Jellystone National Park is located 10 minutes away from city A and 20 minutes away...

4. Jellystone National Park is located 10 minutes away from city A and 20 minutes away from city B. Cities A and B have 200; 000 inhabitants each, and residents in both cities have the same income and preferences for national parks. Assume that the cost for an individual to go to a national park is represented by the cost of the time it takes her to get into the park. Also assume that the cost of time for individuals in cities A and B is $:50 per minute. You observe that each inhabitant of city A goes to Jellystone 10 times a year, while each inhabitant of city B goes only 5 times a year. Assume the following: the only people who go to the park are the residents of cities A and B; the cost of running Jellystone is $1; 500; 000 a year; and the social discount rate is 10%. Also assume that the park lasts forever.

(a) Compute the cost per visit to Jellystone for an inhabitant of each city.

(b) Assuming that those two observations (cost per visit and number of visits per inhabitant of city A, and cost per visit and number of visits per inhabitant of city B) correspond to two points on the same linear individual demand curve for visits to Jellystone, derive that individual demand curve (the cost for the price, and the number of visits for the quantity).

(c) With the individual demand curve from (b), calculate the consumer surplus for an inhabitant in city A and in city B, respectively. (Note that inhabitants in the two cities may not pay the same price.) What is the total consumer surplus of the two cities entire population combined?

(d) The total consumer surplus measures the total bene t of the park to the inhabitants in the two cities. There is a timber developer who wants to buy Jellystone to run his business. He is offering $100 million for the park. Should the park be sold? Show the process you obtain your conclusion.

In: Economics