On January 1, 2017, the ledger of Sheridan Company contains the following liability accounts.

During January, the following selected transactions occurred.

1. Journalize the January transactions

2. Journalize the adjusting entries at January 31 for (1) the outstanding notes payable, and (2) estimated warranty liability, assuming warranty costs are expected to equal 7% of sales of the new product sold January 20.

3. Prepare the current liabilities section of the balance sheet at January 31, 2017. Assume no change in accounts payable.

Hogan Company uses the net method of accounting for sales discounts. Hogan offers trade discounts to various groups of buyers.

On August 1, 2021, Hogan factored some accounts receivable on a without recourse basis. Hogan incurred a finance charge.

Hogan also has some notes receivable bearing an appropriate rate of interest. The principal and total interest are due at maturity. The notes were received on October 1, 2021, and mature on September 30, 2022. Hogan’s operating cycle is less than one year.

Required:

1a. Using the net method, do sales discounts affect the amount recorded as sales revenue and accounts receivable at the time of sale? YES/NO?
1b. Using the net method, is there an effect on Hogan’s sales revenues and net income when customers do not take the sales discounts? YES/NO?
2. Do trade discounts affect the amount recorded as sales revenue and accounts receivable? YES/NO
3. Should Hogan decrease accounts receivable to account for the receivables factored on August 1, 2021? YES/NO
4. Hogan should report the face amount of the interest-bearing notes receivable and the related interest receivable for the period from October 1 through December 31 on its balance sheet as: CURRENT ASSETS/ NON-CURRENT ASSETS?

1. In reality, overall growth and income for the poorest are:

a. highly positively correlated, but not perfectly.

b. uncorrelated.

c. highly negatively correlated, but not perfectly.

d. slightly positively correlated.

2. Economists like Hernando de Soto feel that a ___________ is the key to economic development.

a. strong national defense

b. strong currency

c. strong titling system

d. stable currency

3. Peruvian economist Hernando de Soto claims the ___________ in Latin America results in "dead capital."

a. weak titling system

b. strong titling system

c. general lack of strong national defense

d. generally weak currencies

4. Governments choose to pursue industrial policy to:

a. raise tax revenue.

b. spur economic growth.

c. create publicly owned companies.

d. regulate the growth of certain industries.

5. Industrial policy is an effort by a government to:

a. regulate prices in particular industries.

b. identify the most profitable industries in the world, and adopt them in their country.

c. favor some industries over others.

d. control markets that are industrial.

Was it ethical for the search engines to comply fully with the DOJ subpoena discussed in the case?

"The Wall Street Journal article was referring to January 19, 2006, when the Department of Justice subpoenaed Google, Microsoft, Yahoo, and AOL for data on user queries submitted to their online search engines and a random sample of one million indexed web addresses (Mohammed, 2006). The Department of Justice sought to use this data to combat child pornography. "

1. The General Social Survey polled a sample of 209 people aged 18-30 in the year 2000, asking them how many hours per week they spend on the internet. The sample mean was 6.75 with a standard deviation of 7.7 A second sample of 541 people aged 18-30 was taken in 2006. For this sample, the mean was 7.34 and standard deviation of 10.93. Assume these are simple random samples from populations of people aged 18-30. Can you conclude that the mean number of hours per week spent on the internet increased between 2000 and 2006?

1. Do the hypothesis test with α=0.05 significance level.

2. Construct a 95% confidence interval for the difference in mean number of hours spend per week on the Internet between 2000 and 2006.

3. Calculate the Margin of Error for 95% confidence level.

Please run a two sample test on independent means using the given data. You may use either a calculator or statdisk but please indicate clearly at the top of your word document what method you are using. if you can type everything out it would be helpful sometimes its hard to read some handwritings but PLEASE STATE THE METHOD YOUR USING

Is Job Satisfaction going down? In the past ten years, several authors have stated that people are miserable in their jobs and have become increasingly unhappy over time. Job satisfaction scores from participants in the General Social Survey (GSS) in 1975 and 2006 were studied. Higher scores indicate greater satisfaction, with 2.5 being a neutral score. Here are summaries of scores for 1975 and 2006:

a) Run a test of significance to see if there is a significant decrease in mean scores from 1975 to 2006? Be sure to clearly state the null and alternative hypotheses, clearly label and state the value of the test statistic, clearly label and state the value of the P-value and clearly state the conclusion of the test in the context of the problem.

b) The paper from which the data came includes several years from 1972 to 2006. 1975 was the year with the highest mean score. What, if any, effect does this information have on your assessment of whether job satisfaction has decreased over time?

Please run a two sample test on independent means using the given data. You may use either a calculator or statdisk but please indicate clearly at the top of your word document what method you are using. if you can type everything out it would be helpful sometimes its hard to read some handwritings but PLEASE STATE THE METHOD YOUR USING EITHER STATDISK OR A CACULATOR

Is Job Satisfaction going down? In the past ten years, several authors have stated that people are miserable in their jobs and have become increasingly unhappy over time. Job satisfaction scores from participants in the General Social Survey (GSS) in 1975 and 2006 were studied. Higher scores indicate greater satisfaction, with 2.5 being a neutral score. Here are summaries of scores for 1975 and 2006:

a) Run a test of significance to see if there is a significant decrease in mean scores from 1975 to 2006? Be sure to clearly state the null and alternative hypotheses, clearly label and state the value of the test statistic, clearly label and state the value of the P-value and clearly state the conclusion of the test in the context of the problem.

b) The paper from which the data came includes several years from 1972 to 2006. 1975 was the year with the highest mean score. What, if any, effect does this information have on your assessment of whether job satisfaction has decreased over time?

Provide an analysis of the australian economic growth between 2005 - 2018

Eades Logistics Corp., which is considering the acquisition of Exteter Enterprise Inc., estimates that acquiring Exteter will result in an incremental value for the firm. The analysts involved in the deal have collected the following information from the projected financial statements of the target company:

Exteter Enterprise Inc. is a publicly traded company, and its market-determined pre-merger beta is 1.60. You also have the following information about the company and the projected statements:

Given this information, use the adjusted present value (APV) approach to calculate the following values involved in merger analysis. (Note: Only round intermediate calculations when entering them as a final answer.)

Thus, the total value of Exteter’s equity is     .

Suppose Eades Logistics Corp. plans to use more debt in the first few years of the acquisition of Exteter Enterprise Inc. Assuming that using more debt will not lead to an increase in bankruptcy costs for Eades Logistics Corp., the interest tax shields and the value of the tax shield in the analysis, will     , leading to a      value of operations of the acquired firm.

The APV approach is considered useful for valuing acquisition targets, because the method involves finding the values of the unlevered firm and the interest tax shield separately and then summing those values. Why is it difficult to value certain types of acquisitions using the corporate valuation model?

Because the acquisition is usually financed with new debt that will be repaid rapidly, the proportion of debt in the capital structure changes after the acquisition.

Because the acquisition is usually financed with equity and no new debt, the proportion of debt in the capital structure remains constant after the acquisition.

When will the world reach the 2.2 children per woman zero population growth rate?