1. Berful Industries, a US corporation using US GAAP accounting standards, wants to increase its reported net income this year. Will the following actions result in an increase in net income for the firm?

1. Berful is going to select double-declining balance depreciation for the new assets it acquires this year instead of the straight-line method.                                                              Yes _____ No _____

2. Berful plans to sell treasury stock at a price substantially above its acquisition cost this year.                               Yes _____ No _____

3. Berful plans to issue new common shares this year, with a par value of $1 per share, believing that it can sell the new shares for $40 per share.                                       Yes _____ No _____

4. Berful plans to receive about $5,000 in dividends from its marketable security portfolio of publicly-traded common stock this year.                                                              Yes _____ No _____

5. Berful plans to change from LIFO to FIFO in measuring the cost of its ending inventory and cost of goods sold, in a period of rising prices.                                                        Yes _____ No _____

6. Berful has used the direct write-off method to account for bad debts, but must change to the allowance method, in a year in which it has no write-offs, but expects to discover next year that some of the current year sales are uncollectible. Will this change reduce net income?                                      Yes _____ No _____

7. Berful wishes to accelerate the timing of the recognition of revenue by collecting cash in advance of performing services or delivering goods. Does net income increase?                  Yes _____ No _____

8. Berful is planning to sell land it has owned for many years, expecting to recognize a gain of $50,000.      Yes _____ No _____

1. Berful is considering purchasing a machine, but is concerned that the sales taxes and delivery costs will drive down its reported profit in the year of purchase. Will these costs decrease net income in the year of purchase?                                   Yes _____ No _____

10. Berful is planning to hire a new officer for the corporation on the last day of the year, with his services to begin next year. Will the profit this year be decreased for his salary? Yes _____ No _____

11. Berful plans to undertake a large research and development project this year. Will the cost of this R&D activity reduce net income this year?                                   Yes _____ No _____

12. Berful is planning to acquire another company this year, and hopes to avoid the recognition of goodwill. Will the recognition of goodwill reduce the net income of Berful in the year of acquisition?                                                                           Yes _____ No _____

13. Berful is concerned that the dividends it declares will be treated as expenses in the year declared—true?                  Yes _____ No _____

74. Which of the following statements is incorrect?                                                                                                                     

A. β- hemolytic Streptococci show complete clearing around the colonies on Blood Agar.                        

B. Stapylococci can be isolated on Phenyl Ethanol Agar and always ferment mannitol on Mannitol Salt Agar.                                                                                                                                   

C. Chocolate agar provides NAD and hemin thus supports the growth of Haemophilus influenzae                                                                                                                                                  

D. Salmonella appears as yellow colonies with black centers on Salmonella-Shigella agar

75. Which of the following statements is incorrect?                                                                                          

A. Typhoid fever is a systemic disease causing septicemia.                                                                     

B. Subacute bacterial endocarditis is caused by the oropharynx inhabitant, Streptococcus mutans.                                                                                                           

C. Killing the Lactobacilli in the female genital tract leads to fungal diseases.                                                                            

D. Lactobacilli are not part of the intestinal normal flora.

76. A microbiology student conducted the tube-dilution method using a series of tubes containing sterile medium and various concentrations of a variety of antibiotics. The tubes were inoculated with a test bacterium. If penicillin G had a MIC of 25µg/µl, erythromycin had a MIC of 50µg/µl, and doxycycline has a MIC of 10µg/µl, which of the following correctly ranks these antibiotics according to their antimicrobial activity against the bacterium, from the highest activity to lower?                                                                                                                                 

A. Erythromycin, penicillin G, doxycycline                                                                                                             

B. Erythromycin, doxycycline, penicillin G                                                                                                           

C. Doxycycline, penicillin G, erythromycin                                                                                                            

D. Doxycycline, erythromycin , penicillin G                                                                                                                

E. Penicillin G, erythromycin, doxycycline

Company A received a five year $25,000 note bearing interest of 3%. The market rate of the note is 2.5%. What amount of interest revenue will the company record at the end of the first year

A researcher is interested in looking at the effect of sleep and caffeine on physical performance. The researcher has each subject perform a series of 6 tests across a number of week. The researcher alters the amount of sleep the subject should receive (8 hours, 6 hours, and 4 hours) while also altering whether they drink coffee in the morning or they do not. These two factors are completely crossed to create the six conditions. Eight subjects were recruited for the study and performed a physical test in a lab. Higher scores on the test indicate better performance. Report your results, run all hypothesis tests, and provide a final summary of your results. How is this done within SPSS? Please help!

One of the major measures of the quality of service provided by any organization is the speed with which it responds to customer complaints. A large family-held department store selling furniture and flooring, including carpet, had undergone a major expansion in the past several years. In particular, the flooring department had expanded from 2 installation crews to an installation supervisor, a measurer, and 15 installation crews. Last year, there were 50 complaints concerning carpet installation. The following data, also in the file FURNITURE, represent the number of days between the receipt of a complaint and the resolution of the complaint: 54 5 35 137 31 27 152 2 123 81 74 27 11 19 126 110 110 29 61 35 94 31 26 5 12 4 165 32 29 28 29 26 25 1 14 13 13 10 5 27 4 52 30 22 36 26 20 23 33 68 Problem 4 Please continue for problem questions…

a. Construct and interpret a 95% confidence interval estimate of the population mean number of days between the receipt of a complaint and the resolution of the complaint and interpret. Use Minitab

b. What assumption must you make about the population distribution in order to construct the confidence interval estimate in (a)?

c. Do you think that the assumption needed in order to construct the confidence interval estimate in (a) is valid? Explain.

P18.8 (LO 2, 3) (Time Value, Gift Cards, Discounts) Presented below are two independent revenue arrangements for Colbert Company.

Instructions
Respond to the requirements related to each revenue arrangement.

a.    Colbert sells 3D printer systems. Recently, Colbert provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Colbert sells Lyle Cartright a 3D system, receiving a $5,000 zero-interest-bearing note on January 1, 2020. The cost of the 3D printer system is $4,000. Colbert imputes a 6% interest rate on this zero-interest note transaction. Prepare the journal entry to record the sale on January 1, 2020, and compute the total amount of revenue to be recognized in 2020.

b.    Colbert sells 20 nonrefundable $100 gift cards for 3D printer paper on March 1, 2020. The paper has a standalone selling price of $100 (cost $80). The gift cards expiration date is June 30, 2020. Colbert estimates that customers will not redeem 10% of these gift cards. The pattern of redemption is as follows.

Redemption Total
March 31
50%
April 30
80%
June 30
85%
Prepare the 2020 journal entries related to the gift cards at March 1, March 31, April 30, and June 30.

To test whether the mean time needed to mix a batch of material is the same for machines produced by three manufacturers, a chemical company obtained the following data on the time (in minutes) needed to mix the material.

Use Fisher's LSD procedure to develop a 95% confidence interval estimate (in minutes) of the difference between the means for manufacturer 1 and manufacturer 2. (Round your answers to two decimal places.)

min to  min