Required information
[The following information applies to the questions
displayed below.]
In 2018, the Westgate Construction Company entered into a contract
to construct a road for Santa Clara County for $10,000,000. The
road was completed in 2020. Information related to the contract is
as follows:
| 2018 | 2019 | 2020 | |||||||
| Cost incurred during the year | $ | 2,204,000 | $ | 3,192,000 | $ | 2,424,400 | |||
| Estimated costs to complete as of year-end | 5,396,000 | 2,204,000 | 0 | ||||||
| Billings during the year | 2,140,000 | 3,256,000 | 4,604,000 | ||||||
| Cash collections during the year | 1,870,000 | 3,200,000 | 4,930,000 | ||||||
Westgate recognizes revenue over time according to percentage of
completion.
rev: 09_15_2017_QC_CS-99734
5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.)
In: Accounting
Do male college students spend more time than female college
students using a computer? This was one of the questions
investigated by the authors of an article. Each student in a random
sample of 46 male students at a university in England and each
student in a random sample of 38 female students from the same
university kept a diary of how he or she spent time over a
three-week period.
For the sample of males, the mean time spent using a computer per
day was 45.1 minutes and the standard deviation was 63.3 minutes.
For the sample of females, the mean time spent using a computer was
39.4 minutes and the standard deviation was 57.3 minutes. Is there
convincing evidence that the mean time male students at this
university spend using a computer is greater than the mean time for
female students? Test the appropriate hypotheses using
α = 0.05.
(Use a statistical computer package to calculate the P-value. Use μmales − μfemales. Round your test statistic to two decimal places, your df down to the nearest whole number, and your P-value to three decimal places.)
| t | = |
| df | = |
| P-value | = |
State your conclusion.
Fail to reject H0. We do not have convincing evidence that the mean time per day male students at this university spend using a computer is greater than the mean time for female students.Reject H0. We do not have convincing evidence that the mean time per day male students at this university spend using a computer is greater than the mean time for female students. Fail to reject H0. We have convincing evidence that the mean time per day male students at this university spend using a computer is greater than the mean time for female students.Reject H0. We have convincing evidence that the mean time per day male students at this university spend using a computer is greater than the mean time for female students.
In: Statistics and Probability
Do female college students spend more time than male college
students watching TV? This was one of the questions investigated by
the authors of an article. Each student in a random sample of 46
male students at a university in England and each student in a
random sample of 38 female students from the same university kept a
diary of how he or she spent time over a three-week period.
For the sample of males, the mean time spent watching TV per day
was 68.3 minutes and the standard deviation was 67.5 minutes. For
the sample of females, the mean time spent watching TV per day was
93.8 minutes and the standard deviation was 89.1 minutes. Is there
convincing evidence that the mean time female students at this
university spend watching TV is greater than the mean time for male
students? Test the appropriate hypotheses using
α = 0.05.
(Use a statistical computer package to calculate the P-value. Use μmales − μfemales. Round your test statistic to two decimal places, your df down to the nearest whole number, and your P-value to three decimal places.)
| t | = |
| df | = |
| P-value | = |
State your conclusion.
Reject H0. We have convincing evidence that the mean time female students at this university spend watching TV is greater than the mean time for male students.Fail to reject H0. We do not have convincing evidence that the mean time female students at this university spend watching TV is greater than the mean time for male students. Reject H0. We do not have convincing evidence that the mean time female students at this university spend watching TV is greater than the mean time for male students.Fail to reject H0. We have convincing evidence that the mean time female students at this university spend watching TV is greater than the mean time for male students.
In: Statistics and Probability
A researcher compares the effectiveness of two different instructional methods for teaching physiology. A sample of 226 students using Method 1 produces a testing average of 69.8. A sample of 191 students using Method 2 produces a testing average of 81.5. Assume that the population standard deviation for Method 1 is 11, while the population standard deviation for Method 2 is 16.55. Determine the 99% confidence interval for the true difference between testing averages for students using Method 1 and students using Method 2. Step 1 of 3: Find the point estimate for the true difference between the population means. A researcher compares the effectiveness of two different instructional methods for teaching physiology. A sample of 226 students using Method 1 produces a testing average of 69.8. A sample of 191 students using Method 2 produces a testing average of 81.5. Assume that the population standard deviation for Method 1 is 11, while the population standard deviation for Method 2 is 16.55. Determine the 99% confidence interval for the true difference between testing averages for students using Method 1 and students using Method 2.
Step 2 of 3: Calculate the margin of error of a confidence interval for the difference between the two population means. Round your answer to six decimal places. A researcher compares the effectiveness of two different instructional methods for teaching physiology. A sample of 226 students using Method 1 produces a testing average of 69.8. A sample of 191 students using Method 2 produces a testing average of 81.5. Assume that the population standard deviation for Method 1 is 11, while the population standard deviation for Method 2 is 16.55. Determine the 99% confidence interval for the true difference between testing averages for students using Method 1 and students using Method 2.
Step 3 of 3: Construct the 99% confidence interval. Round your answers to one decimal place.
In: Statistics and Probability
Jack and Mari decided to open a new bakery and pastry shop in Encino. On 10 January 2000 they entered into a written agreement providing that each of them would contribute $50,000 to the capital of the business. Jack and Mari agreed to work full-time for the partnership. It was agreed that both Jack and Mari would have authority to buy and sell property on behalf of the business; they would also have the authority to borrow money for the partnership. They agreed that profits would be shared equally. The business was to be called “Romulus Bakery and Pastry Partnership”.
On 11 January 2000 Jack and Mari made an arrangement with Rob for Rob to become the pastry chef of Romulus. Rob did not sign the partnership agreement; however Jack, Mari and Rob agreed in writing that Rob would work at least 40 hours per week at Romulus. The agreement also provided that Rob was to be paid the minimum hourly wage plus an additional $15 per hour; in addition to this he was to receive 10% of any profits which Romulus might make.
On 12 January 2000 Jack and Mari made an arrangement with Lulu to use a building which Lulu owned as a location for the bakery and pastry shop. The written agreement between Jack, Mari and Lulu provided that Romulus would be allowed to occupy the building for at least one year. Jack and Mari also agreed that Lulu would be paid $500 per month and also 10% of any profits that Romulus might make.
Jack and Mari needed more capital to establish the business. Ned, a friend of Jack’s, said: “I will invest $50,000 in your business, but I don’t want to be a partner.” Jack said: “That’s fine – you will not be a partner but you will get 10% of all profits of the business”. On 2 February 2000 Ned gave Jack and Mari a check for $50,000. At the same time they each signed a document that stated: “Jack and Mari hereby acknowledge that Ned has invested $50,000 in Romulus Bakery and Pastry Partnership. Ned shall be entitled to 10% of the profits of Romulus Partnership. It is hereby agreed that Ned shall not be a partner in Romulus Bakery and Pastry Partnership.”
On 1 March 2000 Jack negotiated a written agreement with Santa Rita Bank; the bank loaned $50,000 to Romulus Bakery and Pastry Partnership.
Jack and Mari needed still more capital for the operation of the business. Mari discussed the situation with her old friend Mr. Moneybags (a multi-billionaire). On 20 May 2000 Mr. Moneybags said: “If you have trouble borrowing money, you can always tell people that I am your partner”. On 21 May 2000 Jack and Mari approached Morris, an officer at the Bank of Money, about the possibility of borrowing money from the Bank. Mari said: “Mr. Moneybags is our new partner”. Morris replied: “We will lend you $100,000”.
Romulus was not successful. About 18 months after it began doing business, the bakery and pastry shop closed. Romulus still owed $49,000 to the Santa Rita Bank and $99,000 to the Bank of Money. The Santa Rita Bank and the Bank of Money each brought lawsuits against Romulus, Jack, Mari, Rob, Lulu, Ned and Mr. Moneybags in an attempt to recover payment for the loans that they had made to Romulus Partnership. What would the result of those suits be? Explain.
In: Accounting
What was the issue in The Kitzmiler v. Dover trial?
In: Physics
Determine the variance V(X) of the triangular distribution
In: Statistics and Probability
Describe the components of Hyper-V and the process for installing it.
In: Physics
Describe the components of Hyper-V and the process for installing it.
In: Computer Science