A dietary supplement is promising weight loss in 2 weeks using their product. A sample of 10 people were weighed before starting the supplement and 2 weeks after using the supplement. Using a 5% significance level, is there statistically sufficient evidence to support the claim that there was weight loss after taking the supplement for 2 weeks? Perform an appropriate hypothesis test showing necessary statistical evidence to support your conclusion.

CONCLUSION:

Determine what type of unemployment is at work: frictional, structural or cyclical.

• After completing a complex programming project, Melanie is laid off. Her prospects for a new job requiring similar skills are good and she has signed up with a programmer placement service. She has passed up offers for low-paying jobs.
• Melanie and her co-workers form a union and as a result of the negotiated wage increases, she loses her job.
• Due to the current slump in investment spending, Melanie has been laid off from her programming job. Her employer promises to rehire her when business picks up.
• Melanie’s employer starts offering higher than market wages to encourage productivity and loyalty. Unfortunately, at the higher wage rate, the employer can’t keep all of the current workers and Melanie loses her job.

The country of Cupcakia has a population of 475 citizens. There are currently 250 citizens with a full-time job, 50 citizens who are working part-time but desire full-time work, 75 citizens who aren’t working but looking for work and 50 who wish to work but have given up looking. What’s Cupcakia’s unemployment rate?

Depreciation and Rate of Return

Burrell Company purchased a machine for $51,000 on January 2, 2016. The machine has an estimated service life of 5 years and a zero estimated residual value. The asset earns income before depreciation and income taxes of $25,500 each year. The tax rate is 25%.

Required:

Compute the rate of return earned (on the average net asset value) by the company each year of the asset's life under the straight-line and the double-declining-balance depreciation methods. Assume that the machine is the company's only asset.

Straight-line method. Do not round intermediate calculations. Round final answers to two decimal places.

Double-declining-balance depreciation method. Do not round intermediate calculations. Round final answers to two decimal places.

Explain the branching restrictions imposed by the McFadden Act of 1927. When was the McFadden Act abolished? What law overturned the McFadden Act?

(3) Explain the separation of financial services regulated by the Glass-Steagall Act of 1933 (= Banking Act of 1933). When was the Glass-Steagall Act abolished? What law repelled the Glass-Steagall Act? Q. 3 (2 points)

(1) The number of commercial banks in the United States reached 23,000 in 1929, just before the outbreak of the Great Depression, but the number decreased to 14,125 by 1935. What was the main reason for such a drastic decrease in the number of commercial banks during the 1929-1935 period?

(2) The number of commercial banks in the United States reached 14,388 in 1980, but the number decreased to 5,116 as of March 2020. What was the main reason for such a drastic decrease in the number of commercial banks during the 1980-2020 period?

Rich Networks Inc. is being sued by a competitor for infringing on one of its competitor's patents. The company’s fiscal year end date is December 31. The suit for $95,000 was filed in court on January 30, 2020 before the company expects to submit its 2019 annual report to its regulatory body on February 25, 2020. The company’s legal counsel estimates that the likelihood of damages being awarded to the competitor is 80%. How much contingent liabilities, if any, should be reported on the balance sheet in the company’s 2019 annual report? If you think that the amount is zero, put 0. Otherwise, if you think that the amount is above zero, put that number in your answer.

I would think that the amount of contingent liabilities that could be report would be $95,000 since the likelihood of damages being awarded to the competitor is 80% and that the amount of  $95,000 was given to us, am I right?

Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following.

Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25. List variable expenses before fixed expense.)

Use the following information to answer the next two questions. Teller-Morrow purchases a coal mine for $3,000,000 and spends an additional $1,000,000 getting the mine ready for use on January 1st 2020. At the end of its life (5 years), it will cost 500,000 to restore the land to its previous state (the mine land has no residual value). For depletion estimates, they expect to be able to extract 1,000 tons of coal from the mine. In the first year, Teller-Morrow extracts 500 tons of coal and it costs $1,000 per ton to extract the coal. They sell 300 tons of coal for $10,000 per ton in the first year. The effective interest rate is 10 percent.

Before extraction begins, what is the book value of the coal mine? Round to the nearest dollar

How much Accretion Expense is recorder in 2021?

What is the book value of ending coal inventory at the end of 2020?

Burrell Company purchased a machine for $49000 on January 2, 2016. The machine has an estimated service life of 5 years and a zero estimated residual value. The asset earns income before depreciation and income taxes of $24500 each year. The tax rate is 25%.

Required:

Compute the rate of return earned (on the average net asset value) by the company each year of the asset's life under the straight-line and the double-declining-balance depreciation methods. Assume that the machine is the company's only asset.

Straight-line method. Do not round intermediate calculations. Round final answer to two decimal places.

2016?

2017?

2018?

2019?

2020?

Double-declining-balance depreciation method. Do not round intermediate calculations. Round final answer to two decimal places.

2016?

2017?

2018?

2019?

2020?

Operating cash inflows   Strong Tool Company has been considering purchasing a new lathe to replace a fully depreciated lathe that would otherwise last 5 more years. The new lathe is expected to have a​ 5-year life and depreciation charges of $2,020 in Year​ 1; $3,232 in Year​ 2; $1,919 in Year​ 3; $1,212 in both Year 4 and Year​ 5; and $505 in Year 6. The firm estimates the revenues and expenses​ (excluding depreciation and​ interest) for the new and the old lathes to be as shown in the following table

. The firm is subject to a 40% tax rate on ordinary income.

a. Calculate the operating cash inflows associated with each lathe.​ (Note: Be sure to consider the depreciation in year​ 6.)

b. Calculate the operating cash inflows resulting from the proposed lathe replacement.

c. Depict on a time line the incremental operating cash inflows calculated in part b.

a. Calculate the operating cash inflows associated with the new lathe​ below:  ​(Round to the nearest​ dollar.)

​(Round to the nearest​ dollar.)

​(Round to the nearest​ dollar.)

​(Round to the nearest​ dollar.)

​(Round to the nearest​ dollar.)