Under indirect inventory accounting the following records provided in Table 4 and the Inventory Footnote is taken from Satin financial statements (amounts in thousands):

       Table 4

Inventory Valuation Numbers for Satin Co. in USD

Inventory Footnote: If the first-in, first-out method of accounting for inventory had been used, inventory would have been approximately $26.9 million and $25.1 million higher than reported at 12/31/2010 and 12/31/2009, respectively. Please

1. Calculate what inventory would have been at 12/31/2010 and 12/31/2009 had the FIFO inventory method been used.

2. What would net income for the year ended 12/31/2010, have been if the FIFO inventory method had been used?

3. Calculate what stockholders' equity would have been at 12/31/2010 and 12/31/2009 had the FIFO inventory method been used.

Use the following information for Taco Swell, Inc., (assume the tax rate is 34 percent): 2010 2011 Sales $ 11,573 $ 12,936 Depreciation 1,661 1,736 Cost of goods sold 3,979 4,707 Other expenses 946 824 Interest 776 926 Cash 6,067 6,466 Accounts receivable 8,034 9,427 Short-term notes payable 1,171 1,147 Long-term debt 20,320 24,636 Net fixed assets 50,888 54,273 Accounts payable 4,384 4,644 Inventory 14,283 15,288 Dividends 1,411 1,618 Prepare a balance sheet of this company for 2010 and 2011. (Be sure to list the accounts in order of their liquidity.) TACO SWELL, INC., Balance Sheet as of Dec. 31 2010 2011 Assets $ 6067 $ 6466 8034 9427 14283 15288 Current assets Total assets $ $ Liabilities $ 4384 $ 4644 1171 1147 Current liabilities Total liabilities & owners' equity $ $ Prepare an income statement for this company for 2010 and 2011. (Round your answers to 2 decimal places. (e.g., 32.16)) TACO SWELL, INC., Income Statement 2010 2011 Sales $ $ COGS Other expenses Depreciation EBIT $ $ Interest EBT Taxes (34%) Net income Dividends $ $ Additions to RE ReferenceseBook & Resources

A Gallup Poll released in December 2010 asked 1019 adults living in the Continental U.S. about their belief in the origin of humans. These results, along with results from a more comprehensive poll from 2001 (that we will assume to be exactly accurate), are summarized in the table below:

Calculate the actual number of respondents in 2010 that fall in each response category as well as the expected number, assuming that the population follows the 2001 distribution. (please round to the nearest whole number)

Conduct a chi-square test and state your conclusion.

The value of the test statistic is: .... (please round to two decimal places)

The p-value for this test is: .... (please round to four decimal places; you can use CHISQ.DIST Excel function)

State the conclusion.

You are responsible for providing instructions to patients before they have an in-office surgery. How would you provide appropriate information for before the procedure, on the day of surgery, and after the surgery?

4. Identify situations where open-ended questions are more appropriate than closed-ended questions. Think about the advantage of using closed-ended questions over open-ended questions?

Let f : V mapped to W be a continuous function between two topological spaces V and W, so that (by definition) the preimage under f of every open set in W is open in V : Y is open in W implies f^−1(Y ) = {x in V | f(x) in Y } is open in V. Prove that the preimage under f of every closed set in W is closed in V . Feel free to take V = W = R^n to simplify things. Hint: show that the “preimage of” operation plays nice with set-complements, and then use the fact that every closed set is the complement of some open set. Note that R^n is both open and closed as a subset of itself.

Financial information on AAA Ltd. is shown below.

Sales are forecast to increase by 20% in 2020.

Notes Payable, Short-term Debt, Long-term Debt, and Common Share Capital will not change. Net Plant and Equipment is forecasted to be $2,900,000 next year. Short-term investments are expected to be $240,000.

In 2020, the company’s dividend payout ratio will be 40%.

In 2020, cost of goods sold is expected to be 52% of sales. Other expenses will be 23% of sales. Depreciation expense in 2020 is expected to be $90,000.

Cash is expected to be 2% of sales, and inventories will be 30% of sales. Accounts receivable will be 6% of sales. Accounts payable will be 5% of sales. Accruals will be 1% of sales.

The company is expected to pay 4% per year compounded annually on its short-term debt and 6% per year compounded annually on its long-term debt. The interest expense on the short-term debt in 2020 is calculated as: [interest rate on short-term debt * amount of short-term debt outstanding at the end of 2019]. The interest expense on the long-term debt is calculated as: [interest rate on long-term debt * amount of long-term debt outstanding at the end of 2019].

The company’s tax rate is 30%.

Based on the information provided you are to:

1. Complete the pro-forma income statement and balance sheet for 2020.
2. Calculate the amount of Additional Funds Needed in 2020.

A pilot study is run to investigate the effect of a lifestyle intervention designed to increase medication adherence in patients with HIV. Medication adherence is measured as the percentage of prescribed pills that are taken over a one-week observation period. Ten patients with HIV agree to participate and their medication adherence before and after the intervention are shown below. Compute the standard deviation of the difference in adherence before versus after intervention.

An ergonomics consultant is engaged by a consumer products company to see what they can do to increase productivity. The consultant recommends an “employee athlete” program, encouraging every employee to devote five minutes an hour to physical activity. The company decides to try this program. To measure the difference in productivity, they measure the average number of keystrokes per hour of 23 employees before and after the five-minutes-per-hour program is instituted. The data follow: Before After Difference (After – Before) Mean 1497.3 1544.8 47.5 SD 155.4 136.7 122.8 n 23 23 23 Table: Keystrokes per Hour Is there evidence to suggest the program increases productivity? Use a 5% level of significance to test it.