From public records, individuals were identified as having been charged with drunken driving not less than 6 months or more than 12 months from the starting date of the study. Two random samples from this group were studied. In the first sample of 29 individuals, the respondents were asked in a face-to-face interview if they had been charged with drunken driving in the last 12 months. Of these 29 people interviewed face to face, 12 answered the question accurately. The second random sample consisted of 41people who had been charged with drunken driving. During a telephone interview, 23 of these responded accurately to the question asking if they had been charged with drunken driving during the past 12 months. Assume the samples are representative of all people recently charged with drunken driving.
(a) Categorize the problem below according to parameter being estimated, proportion p, mean μ, difference of means μ1 – μ2, or difference of proportions p1 – p2. Then solve the problem.
μ1 – μ2p p1 – p2μ
(b) Let p1 represent the population proportion
of all people with recent charges of drunken driving who respond
accurately to a face-to-face interview asking if they have been
charged with drunken driving during the past 12 months. Let
p2 represent the population proportion of all
people who respond accurately to the question when it is asked in a
telephone interview. Find a 99% confidence interval for
p1 – p2. (Use 3 decimal
places.)
| lower limit | |
| upper limit |
(c) Does the interval found in part (a) contain numbers that are all positive? all negative? mixed? Comment on the meaning of the confidence interval in the context of this problem. At the 99% level, do you detect any differences in the proportion of accurate responses to the question from face-to- face interviews as compared with the proportion of accurate responses from telephone interviews?
Because the interval contains only positive numbers, we can say that there is a higher proportion of accurate responses in face-to-face interviews.Because the interval contains both positive and negative numbers, we can not say that there is a higher proportion of accurate responses in face-to-face interviews. We can not make any conclusions using this confidence interval.Because the interval contains only negative numbers, we can say that there is a higher proportion of accurate responses in telephone interviews.
In: Statistics and Probability
Mariner Corporation, which manufactures sail boats, ordered dry dock equipment from Brown Corporation. This equipment was built for the specialized needs of Mariner, and could not be used by any other company. Instead of purchasing the equipment, Mariner elected to enter into a long term lease agreement with Brown Co. The lease contract was signed on January 1, 2020. It calls for 12 payments of $15,000, with the first one due on December 31, 2020. The lessor’s implicit interest rate is not known. Mariner’s incremental borrow rate is 8%.
a. Is this lease a finance or operating lease? Explain.
b. Present the journal entry to be made by Mariner when the lease is signed.
c. Show the journal entry that Mariner will make for the December 31, 2020 payment.
In: Accounting
Mariner Corporation, which manufactures sail boats, ordered dry dock equipment from Brown Corporation. This equipment was built for the specialized needs of Mariner, and could not be used by any other company. Instead of purchasing the equipment, Mariner elected to enter into a long term lease agreement with Brown Co. The lease contract was signed on January 1, 2020. It calls for 12 payments of $15,000, with the first one due on December 31, 2020. The lessor’s implicit interest rate is not known. Mariner’s incremental borrow rate is 8%. a. Is this lease a finance or operating lease? Explain. b. Present the journal entry to be made by Mariner when the lease is signed. c. Show the journal entry that Mariner will make for the December 31, 2020 payment.
In: Accounting
Ahmed, an Australian resident, was made redundant on 30th June 2020 at the age of 58. He had been employed at the company for 14 years and 9 months. His taxation records for the year ended 30th June 2020 revealed the following:
Gross wages up to redundancy $65000 (PAYG withheld $18400)
Interest on savings account held jointly with spouse $4200
Genuine redundancy payment $93000
Lump sum received from his superannuation fund:
Taxable component (element taxed in the fund) $372000 (PAYG withheld $26000)
Ahmed has adequate private health insurance cover for the year.
Required:
For the year ended 30 June 2020, calculate Ahmed's:
a) Taxable Income
b) Net Tax Payable or Refundable
In: Accounting
Major interviewed (IT specialist)
Conducting an informational interview with a professional currently working in a career field that interests you. You are not permitted to interview parents or other close family members, but you are welcome to interview family friends/colleagues. Interviews can be done either over-the-phone or in-person, and they should last approximately 20-30 minutes. You are encouraged to consider the questions below, but you will likely need to include additional questions of your own to gather enough information for the assignment.
Once you have conducted your interview, you will complete a 2-page report (double-spaced, Times New Roman 12 pt. font, and 1-inch margins) that includes two parts:
In: Computer Science
New attempt is in progress. Some of the new entries may impact the
last attempt grading.Your answer is incorrect.
Nash Home Improvement Company installs replacement siding,
windows, and louvered glass doors for single-family homes and
condominium complexes. The company is in the process of preparing
its annual financial statements for the fiscal year ended May 31,
2020. Jim Alcide, controller for Nash, has gathered the following
data concerning inventory.
At May 31, 2020, the balance in Nash’s Raw Materials Inventory
account was $436,560, and Allowance to Reduce Inventory to Market
had a credit balance of $29,710. Alcide summarized the relevant
inventory cost and market data at May 31, 2020, in the schedule
below.
Alcide assigned Patricia Devereaux, an intern from a local college,
the task of calculating the amount that should appear on Nash’s May
31, 2020, financial statements for inventory at
lower-of-cost-or-market as applied to each item in inventory.
Devereaux expressed concern over departing from the historical cost
principle. Assume Garcia uses LIFO inventory costing.
|
Cost |
Replacement |
Sales Price |
Net Realizable |
Normal Profit |
||||||||||
| Aluminum siding | $74,900 | $66,875 | $68,480 | $59,920 | $5,457 | |||||||||
| Cedar shake siding | 92,020 | 84,958 | 100,580 | 90,736 | 7,918 | |||||||||
| Louvered glass doors | 119,840 | 132,680 | 199,448 | 180,081 | 19,795 | |||||||||
| Thermal windows | 149,800 | 134,820 | 165,636 | 149,800 | 16,478 | |||||||||
| Total | $436,560 | $419,333 | $534,144 | $480,537 | $49,648 | |||||||||
(a1) Determine the proper balance in Allowance to
Reduce Inventory to Market at May 31, 2020.
| Balance in the Allowance to Reduce Inventory to Market |
$ |
(a2) For the fiscal year ended May 31, 2020,
determine the amount of the gain or loss that would be recorded due
to the change in Allowance to Reduce Inventory to Market.
| The amount of the gain (loss) |
$ |
In: Accounting
You are interviewing for a promotion to a senior management position. You have done well on the interview and are down to the final question. Interviewer: our company is quite concerned with how psychological biases lead to poor investment decisions.
Prompt: If you are promoted, discuss 2-3 specific practices you will put into place to help debias the decision-making process of your division. How will these practices improve investment decisions?
minimum 300 words
In: Operations Management
On July 1, 2020, Concord Company purchased for $7,200,000 snow-making equipment having an estimated useful life of 5 years with an estimated salvage value of $300,000. Depreciation is taken for the portion of the year the asset is used.
Complete the form below by determining the depreciation expense and year-end book values for 2020 and 2021 using the
| 1. | sum-of-the-years'-digits method. | |
| 2. | double-declining balance method. |
| 2020 | 2021 | ||||
| Sum-of-the-Years'-Digits Method | |||||
| Equipment | $7,200,000 | $7,200,000 | |||
| Less: Accumulated Depreciation | $ | $ | |||
| Year-End Book Value | |||||
| Depreciation Expense for the Year | |||||
| Double-Declining Balance Method | |||||
| Equipment | $7,200,000 | $7,200,000 | |||
| Less: Accumulated Depreciation | $ | $ | |||
| Year-End Book Value | |||||
| Depreciation Expense for the Year |
Assume the company had used straight-line depreciation during
2020 and 2021. During 2022, the company determined that the
equipment would be useful to the company for only one more year
beyond 2022. Salvage value is estimated at $400,000.
Compute the amount of depreciation expense for the 2022 income
statement.
| Depreciation expense | $ |
Assume the company had used straight-line depreciation during
2020 and 2021. During 2022, the company determined that the
equipment would be useful to the company for only one more year
beyond 2022. Salvage value is estimated at $400,000.
What is the depreciation base of this asset?
| Depreciation base | $ |
In: Accounting
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In: Accounting
Please show me how to do this by using excel and its functions
Mrs. Dawn Chorus, founder and president of United Bird Seed, is wondering whether the company should make its first public sale of common stock and, if so, at what price.
The company’s financial plan suggests rapid growth over the next three years but only moderate growth afterwards. Forecasted dividends per share are as follows:
Year 1 2 3 4 5
$1.00 $1.20 $1.44 5% growth thereafter
Investors demand a return of 10%.
Calculate the price of United Bird Seed’s stock (today).
In: Finance