Exercise 121

Fill in the dollar changes caused in the Investment account and Dividend Revenue or Investment Revenue account by each of the following transactions, assuming Crane Company uses (a) the fair value method and (b) the equity method for accounting for its investments in Hudson Company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Do not leave any answer field blank. Enter 0 for amounts.)

a company that faced controversy due to its business communication. Examples: a company displayed controversial advertising that some found offensive. A senior official made statements that were perceived offensive. A tweet was accidentally blasted publicly that was offensive. An internal document surfaced that was demeaning to a gender/race/culture/class, etc. talk about the company's controversial business communication, the reaction from the public, the damage control performed by the company, and the lasting repercussions of the company's actions.

• Were you offended by the communication?
• What could the company have done differently?
• What would you have done if you were the CEO?

A company manufactures printers and fax machines at plants located in Atlanta, Dallas, and Seattle. To measure how much employees at these plants know about quality management, a random sample of 6 employees was selected from each plant and the employees selected were given a quality awareness examination. The examination scores for these 18 employees are shown in the following table. The sample means, sample variances, and sample standard deviations for each group are also provided. Managers want to use these data to test the hypothesis that the mean examination score is the same for all three plants.

Set up the ANOVA table for these data. (Round your values for MSE and F to two decimal places, and your p-value to four decimal places.)

Test for any significant difference in the mean examination score for the three plants. Use

α = 0.05.

(3) (Continued from Question 2) Based on the sample of 10 men with ages and cholesterol levels given in the table in Question 2, answer the following.

(a) At 5% significance level, do the data provide sufficient evidence to conclude that age is useful as a (linear) predictor of cholesterol level? State any assumption(s) you make.

(b) What is the mean estimated cholesterol level for all 74 year old men?

(c) Find a 90% confidence interval for mean cholesterol level for all 74 year old men.

(d) Find a 90% prediction interval for mean cholesterol level for all 74 year old men.

(e) If we wish to add one dummy predictor variable to make a multiple regression model, what would it be?

please show me the math for this

Target Case (Static) [LO6-2, 6-6, 6-7]

Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material also is available under the Investor Relations link at the company’s website (www.target.com).

Required:
1. On what line of Target’s income statement is revenue reported? What was the amount of revenue Target reported for the fiscal year ended February 3, 2018?



2. Disclosure Note 2 indicates that Target generally records revenue in retail stores at the point of sale. Does that suggest that Target generally records revenue at a point in time or over a period of time? Explain.



3. Disclosure Note 2 indicates that customers (“guests”) can return some merchandise within 90 days of purchase and can return other merchandise within a year of purchase. How is Target’s revenue and net income affected by returns, given that it does not know at the time a sale is made which items will be returned?



4. Disclosure Note 2 indicates that “Commissions earned on sales generated by leased departments are included within sales and were $44 million . . . in 2017.” Do you think it likely that Target is accounting for those sales as a principal or an agent? Explain.



5. Disclosure Note 2 discusses Target’s accounting for gift card sales. Does Target recognize revenue when it sells a gift card to a customer? If not, when does it recognize revenue? Explain.



6. Disclosure Note 4 discussed how Target accounts for consideration received from vendors, which they call “vendor income.” Does that consideration produce revenue for Target? Does that consideration produce revenue for Target’s vendors? Explain.

Target Case (Static) [LO6-2, 6-6, 6-7]

Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material also is available under the Investor Relations link at the company’s website (www.target.com).

Required:
1. On what line of Target’s income statement is revenue reported? What was the amount of revenue Target reported for the fiscal year ended February 3, 2018?



2. Disclosure Note 2 indicates that Target generally records revenue in retail stores at the point of sale. Does that suggest that Target generally records revenue at a point in time or over a period of time? Explain.



3. Disclosure Note 2 indicates that customers (“guests”) can return some merchandise within 90 days of purchase and can return other merchandise within a year of purchase. How is Target’s revenue and net income affected by returns, given that it does not know at the time a sale is made which items will be returned?



4. Disclosure Note 2 indicates that “Commissions earned on sales generated by leased departments are included within sales and were $44 million . . . in 2017.” Do you think it likely that Target is accounting for those sales as a principal or an agent? Explain.



5. Disclosure Note 2 discusses Target’s accounting for gift card sales. Does Target recognize revenue when it sells a gift card to a customer? If not, when does it recognize revenue? Explain.



6. Disclosure Note 4 discussed how Target accounts for consideration received from vendors, which they call “vendor income.” Does that consideration produce revenue for Target? Does that consideration produce revenue for Target’s vendors? Explain.

____ Which of the following statements is NOT true?

1. The four subsystems of the budget execution phase are tax administration, cash management, procurement, and risk management.
2. Government investment planning is important mostly in times of rising revenues and revenue surpluses. It is not important in times of austerity.
3. The primary differences between T-Bills, T-Notes, and T-bond are: lengths of their maturities; and the rates of return.
4. The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities are traded.
5. A derivative is a very complex device that derives its value from the performance of an underlying security or market index.

The EXACT sequence or order for your report should be as follows:

1. The Company’s Name
2. The Company’s Logo
3. The Company’s Mission Statement
4. The Company’s three (3) main competitors
5. The name of the Chairman, the President, the CEO, and the CFO
6. The Stock Symbol and Exchange that it is traded on
7. The company’s recent stock price
8. The number of company employees worldwide
9. The location of the company’s corporate headquarters (city/state only)
10. The company’s yearly sales for 2019 in billions of dollars
11. The company’s yearly profit for 2019 in millions/billions of dollars
12.   IMPORTANTLY…what each of you have learned while completing this research project

This is based on Costco Wholesales.

Is there a difference between the means of the total of rooms per hotel in Crete and Southern Aegean Islands? Answer your question by calculating an appropriate, symmetric, 95% confidence interval using a Z statistic and equal standard deviations in the two populations. Explain your findings.

REGION ID

1= Crete
2=Southern Aegean Islands
3=Ionian Islands

Is there a difference between the means of the total of rooms per hotel in Crete and Southern Aegean Islands? Answer your question by calculating an appropriate, symmetric, 95% confidence interval using a Z statistic and equal standard deviations in the two populations. Explain your findings

REGION ID

1= Crete
2=Southern Aegean Islands
3=Ionian Islands