3. Louisiana Governor wishes to assess if “Corona Lockdown” has resulted in weight gain for La residents. He obtained the following data for a small sample of five randomly chosen Louisiana residents’ weights after and before Lockdown:

                           Weight (lb)

Person               After     Before

Edward               152            147

Candy                 158            153

Joan                     147           150

Sam                    160            155

Linda                  153            145

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Governor claims “There is statistically no significant difference between the average weight of the residents after and before Lockdown.” Use alpha = 0.05 and test the claim. Clearly state your hypothesis, decision rule, name and compute the test statistic, and, finally state your conclusion. Show work. (30 Pts)

As of 2010, Xerox Corporation (NYSE: XRX) is a $22 billion, multinational company founded in 1906 and operating in 160 countries. Xerox is headquartered in Norwalk, Connecticut, and employs 130,000 people. Such companies depend on the productivity and performance of their employees. The journey over the last 100 years has withstood many successes and failures. In 2000, Xerox was facing bankruptcy after years of mismanagement, piles of debt, and mounting questions about its accounting practices. How does a company of such size and magnitude effectively manage and motivate employees from diverse backgrounds and experiences especially during a crisis?

500 words typed

300 word post

In recent decades, the difference between the income going to the richest and poorest segments of the US population has been increasing.  

Since 1979, the after-tax income of the top 1% has increased by more than 250% while those among the bottom 20% have only seen an 11% increase. (Source: Statistical Abstract of the United States, 2010)

Does it matter if some groups have seen their income increase more rapidly than others?

Should the government impose higher taxes on the top 1% to try to shrink the "gap?"

Why or why not?

The City of Sweetwater maintains an Employees’ Retirement Fund, a single-employer defined benefit plan that provides annuity and disability benefits. The fund is financed by actuarially determined contributions from the city’s General Fund and by contributions from employees. Administration of the retirement fund is handled by General Fund employees, and the retirement fund does not bear any administrative expenses. The Statement of Fiduciary Net Position for the Employees’ Retirement Fund as of July 1, 2019, is shown here:

During the year ended June 30, 2020, the following transactions occurred:

1. The interest receivable on investments was collected in cash.
2. Member contributions in the amount of $269,000 were received in cash. The city’s General Fund also contributed $810,000 in cash.
3. Annuity benefits of $730,000 and disability benefits of $161,000 were recorded as liabilities.
4. Accounts payable and accrued expenses in the amount of $956,000 were paid in cash.
5. Interest income of $242,000 and dividends in the amount of $36,000 were received in cash. In addition, bond interest income of $47,000 was accrued at year-end.
6. Refunds of $75,000 were made in cash to terminated, nonvested participants.
7. Common stocks, carried at a fair value of $509,000, were sold for $476,000. That $476,000, plus an additional $311,000, was invested in stocks.
8. At year-end, it was determined that the fair value of stocks held by the pension plan had decreased by $50,000; the fair value of bonds had increased by $33,000.
9. Nominal accounts for the year were closed.

Required:
a. Record the transactions on the books of the Employees’ Retirement Fund.
b. Prepare a Statement of Changes in Fiduciary Net Position for the Employees’ Retirement Fund for the year ended June 30, 2020.
c. Prepare a Statement of Fiduciary Net Position for the Employees’ Retirement Fund as of June 30, 2020.

Requirement 1:

The interest receivable on investments was collected in cash.

Member contributions in the amount of $269,000 were received in cash. The city’s General Fund also contributed $810,000 in cash.

Annuity benefits of $730,000 and disability benefits of $161,000 were recorded as liabilities.

Accounts payable and accrued expenses in the amount of $956,000 were paid in cash.

Interest income of $242,000 and dividends in the amount of $36,000 were received in cash.

Bond interest income of $47,000 was accrued at year-end.

Refunds of $75,000 were made in cash to terminated, nonvested participants.

Common stocks, carried at a fair value of $509,000, were sold for $476,000. That $476,000, plus an additional $311,000, was invested in stocks. Record the entry for the sale of common stock.

Common stocks, carried at a fair value of $509,000, were sold for $476,000. That $476,000, plus an additional $311,000, was invested in stocks. Record the entry for investments in common stock

At year-end, it was determined that the fair value of stocks held by the pension plan had decreased by $50,000; the fair value of bonds had increased by $33,000.

Nominal accounts for the year were closed.

Requirement 2:

Prepare a Statement of Changes in Fiduciary Net Position for the Employees’ Retirement Fund for the year ended June 30, 2020. (Amounts to be deducted should be indicated with a minus sign.)

Requirement 3:

Prepare a Statement of Fiduciary Net Position for the Employees’ Retirement Fund as of June 30, 2020.

The following information is available for Vandal Corporation for 2019. There is no Beginning deferred taxes.                                                                                               

1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by $3,540,000. This difference will reverse in equal amounts of $708,000 over the years 2020-2024.

2. Vandal accrues a loss and a related liability of $4,130,000 due to a pending litigation in 2019.         

3. Life insurance proceeds from a key executive is $20,650,000.                                            

4. Rent collected in advance on January 1, 2019, totaled $6,490,000 for a 4-year period. Of this amount, $1,622,500 was reported as earned at December 31, 2019 for book purposes.

5. The tax rates are 30% for 2019 and 20% for 2020 and subsequent years.   

6. Pretax Financial income for 2019 is $149,122,500. .                                              

7. The company was fined $7,375,000 for pollution.                    

8. No deferred taxes existed at the beginning of 2019.                                                                                 

Instructions:                                                                                    

(a) Compute taxable income for 2019 (8 points).                                                                                           

(b) Prepare the journal entries to record income tax expense, deferred income taxes, and income taxes payable for 2019 and 2020. Assume taxable income is $103,250,000 in 2020 (12 points).

(c) Prepare the income tax expense section of the income statement for 2019, beginning with "Income before income taxes." (6 points)                                                                          

Apply specific models developed from economics to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States from 2000 - 2010.

Please make sure to relate the answer to the time period of 2000 - 2010 in the US.

A 2010 headline stated that "73% say Woman President Likely in the next 10 years." The report gives the results of a survey of 1000 randomly selected likely voters in the US. Find and interpret a 95% confidence interval for the proportion of likely voters in the US in 2010 who thought a woman president is likely in the next 10 years.

Question 2

The following are the financial statements for the year ended 30^th June 2020.

Notes:

1.      A piece of existing land has been revalued upwards. Two pieces of land were acquired during the year. There was no disposal of land during the year.

2.      Plant and equipment costing $33,000 was sold.

3.      No buildings were sold during the year.

Required:

Prepare a cash flow statement for the year ended 30 June 2020 as per AASB107 (show all workings).

1. Are professional jobs held in the computing industry independent of the number of years a person has worked in the industry? Suppose 246 workers are interviewed. Use the results to obtained to determine whether type of professional job held in the computer industry is independent of years worked in the industry. Take a = 0.0

Professional position