Questions
1. go to www.sec.gov (Links to an external site.)Links to an external site. 2. Hover your...

1. go to www.sec.gov (Links to an external site.)Links to an external site. 2. Hover your cursor over "Filings" in the menu bar across the top 3. click on "company filings search" that pops up when you hover 4. in the FAST SEARCH box on the far right type in "AEO" for the ticker and click "search" for American Eagle. For Buckle type in "BKE". 5. in the "filings" column on the far left look for the most recent "10-K" filing and click on the "interactive data" link for the 10-K annual report in the "format" column 6. in the yellow box on the far left click on "financial statements" and the item will expand 7. select the Financial statement(s) that you need to review to find the answer to the questions.

A. Does American Eagle or Buckle have higher liquidity risk (lower ratio) based on the current ratio for the most recent year?

American Eagle
Buckle
About the same

B. Does American Eagle or Buckle have higher liquidity risk due to a higher # of days in inventory ratio for the most recent year?

American Eagle
Buckle
about the same

C. Does American Eagle or Buckle have higher solvency risk based on the debt to equity ratio for the most recent year?

American Eagle
Buckle
about the same

D. Based on the answers in questions 12-1 through 12-3 above concerning liquidity and solvency risk ratios, which company poses higher risk to investors?

American Eagle
Buckle
about the same

E. Which company has a higher gross profit % and profit margin %?

American Eagle
Buckle
About the same

In: Accounting

1) A company takes a sample of people in two sections of the city, the North...

1) A company takes a sample of people in two sections of the city, the North Bronx and South Bronx, they believe that the two parts of the city have the same levels of rent. The company first takes a sample of 30 from the North Bronx and 20 from South Bronx (SOBRO). They found that the students from the North Bronx pays an average of 1600 dollars a month for their apartment with a standard deviation of 200. The sample from South Bronx pay an average of 2000 dollars a month for a one bedroom with the standard deviation of 150 dollars. Assume the populations are normally distributed and the population variances are equal. Use an alpha of .05 for the study.

  1. What is the null and alternative hypotheses? (2)
  2. What is the standard deviation for the problem? (3)
  3. What is the distribution we use for this problem (1)
  4. What’s the degree of freedom for this problem (2)
  5. Do we reject of accept the null hypotheses? Please interpret it in the context of the problem (2)

In: Statistics and Probability

South Company, a public company, sells large construction equipment. On 1 January 20X5, the company sold North Company a machine at a quoted price of $120,000. South collected $40,000 cash and received a two year note payable for the balance.

South Company, a public company, sells large construction equipment. On 1 January 20X5, the company sold North Company a machine at a quoted price of $120,000. South collected $40,000 cash and received a two year note payable for the balance.

 

Required:

1. Give South’s required entries for the two years, assuming an interest bearing note, face value $80,000. (8% interest, simple interest, payable every 31 December.)

2. Assume that the market interest rate is still 8%. Give South’s required entries for the two years, assuming a 2% interest bearing note, face value $80,000. Prepare the entries based on the gross basis.

3. Compare the interest revenue and sales revenue under requirements 1 and 2.

4. Repeat requirement two above. Assume South is a private company that uses ASPE and has decided to use straight line amortization.

In: Accounting

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October:

Percent Completed
Units Materials Conversion
Work in process, October 1 54,000 95 % 60 %
Work in process, October 31 35,000 73 % 50 %

The department started 392,000 units into production during the month and transferred 411,000 completed units to the next department.

Required:

Compute the equivalent units of production for October.

In: Accounting

The International League of Triple-A minor league baseball consists of 14 teams organized into three divisions:...

The International League of Triple-A minor league baseball consists of 14 teams organized into three divisions: North, South, and West. Suppose the following data show the average attendance for the 14 teams in the International League. Also shown are the teams' records; W denotes the number of games won, L denotes the number of games lost, and PCT is the proportion of games played that were won.

Team Name Division W L PCT Attendance
Buffalo Bisons North 66 77 0.462 8,813
Lehigh Valley IronPigs North 55 89 0.382 8,472
Pawtucket Red Sox North 85 58 0.594 9,099
Rochester Red Wings North 74 70 0.514 6,915
Scranton-Wilkes Barre Yankees North 88 56 0.611 7,143
Syracuse Chiefs North 69 73 0.486 5,768
Charlotte Knights South 63 78 0.447 4,522
Durham Bulls South 74 70 0.514 6,998
Norfolk Tides South 64 78 0.451 6,288
Richmond Braves South 63 78 0.447 4,454
Columbus Clippers West 69 73 0.486 7,793
Indianapolis Indians West 68 76 0.472 8,534
Louisville Bats West 88 56 0.611 9,154
Toledo Mud Hens West 75 69 0.521 8,238

(a)

Use α = 0.05 to test for any difference in the mean attendance for the three divisions.

State the null and alternative hypotheses.

H0: Not all the population means are equal.
Ha: μN = μS = μW

H0: μN = μS = μW
Ha: Not all the population means are equal.    

H0: μNμSμW
Ha: μN = μS = μW

H0: At least two of the population means are equal.
Ha: At least two of the population means are different.

H0: μN = μS = μW
Ha: μNμSμW

Find the value of the test statistic. (Round your answer to two decimal places.)

t stat =

Find the p-value. (Round your answer to three decimal places.)

p-value =

State your conclusion.

Do not reject H0. There is not sufficient evidence to conclude that the mean attendance values are not equal for the three divisions.

Do not reject H0. There is sufficient evidence to conclude that the mean attendance values are not equal for the three divisions.    

Reject H0. There is not sufficient evidence to conclude that the mean attendance values are not equal for the three divisions.

Reject H0. There is sufficient evidence to conclude that the mean attendance values are not equal for the three divisions.

(b)

Use Fisher's LSD procedure to determine where the differences occur. Use α = 0.05.

Find the value of LSD for each pair of divisions. (Round your answers to two decimal places.)

North and South LSD=

North and West LSD=

South and West LSD=

Find the pairwise absolute difference between sample attendance means for each pair of divisions. (Round your answers to the nearest integer.)

xNxS =

xNxW =

xSxW =

Which attendance means differ significantly? (Select all that apply.)

There is a significant difference in mean attendance between the North division and the South division.

There is a significant difference in mean attendance between the North division and the West division.

There is a significant difference in mean attendance between the South division and the West division.

There are no significant differences.

In: Statistics and Probability

Matt’s Landscaping Pty Ltd is registered for GST purposes. It accounts for GST on the accruals...

Matt’s Landscaping Pty Ltd is registered for GST purposes. It accounts for GST on the accruals basis and submits its Business Activity Statements monthly. Assume that all amounts in the question include GST when applicable.

The business operates from Brisbane’s north-side and its main business is to design and establish new gardens at shopping centres and office parks, and to provide ongoing garden maintenance services to clients.

During October 2018, Matt’s Landscaping Pty Ltd was involved in the following transactions:

* Designing and establishing a new garden at the refurbished Westfield shopping centre at North Lakes. The invoice issued on 25 October 2018 totalled $27,600.

* Ongoing garden maintenance services for clients. Invoices issued in October 2018 totalled $55,200.

* Matt’s Landscaping Pty Ltd prepared plans for the elaborate gardens of a new hotel being built in Dubai in the United Arab Emirates. The plans were sent to Dubai by airfreight on 1 October 2018. Matt’s Landscaping Pty Ltd issued an invoice for $17,500 on 15 October 2018.

* Purchases of plants, fertiliser and decorative stones from Brunnings Warehouse, one of Australia’s largest household hardware chains, totalled $9,900.

* The company purchased 100 square meters of Buffalo lawn from a retired school teacher who decided to dig up the lawn of his acreage in Caboolture to put down asphalt so that he no longer had to mow his lawn. The school teacher charged Matt’s Landscaping Pty Ltd $660 on 19 October 2018.

*The company purchased a second-hand lawnmower from a large supplier in Perth for $990 on 1 October 2018. The lawnmower was delivered a day later by a nationwide courier company that charged $110 for this service.

* Salaries and wages paid to staff in October 2018 totalled $12,000.

* Fuel costs for the company’s vehicles, lawnmowers and hedge trimmers totalled $1,980 during October 2018.

* The business operated from rented offices in North Lakes owned by a listed property group. Rent for October 2018 totalled $1,000.

* The October invoice that Matt’s Landscaping Pty Ltd received from the electricity and gas supplier for the rental property totalled $275.

* Purchases of milk, sugar, tea bags and coffee powder from a grocery store totalled $100 in October 2018. These were placed in a tea room in the rented offices for the exclusive use of staff.

* On 1 October 2018, Matt’s Landscaping Pty Ltd purchased a new one and a half tonne utility vehicle for $82,500.

* The company purchased specialised pruning shears from a company in France during October 2018. The shears cost $1,500 and international freight and insurance cost $100.

* Interest paid to the Commonwealth Bank of Australia in October 2018 on an overdraft facility totalled $660.

You are required to:

Calculate the GST payable or GST refundable for October 2018. Show all your calculations and provide reasons for your answers

In: Accounting

Which of the below is not considered as an ‘invitation to treat’ (ITT) situation? A. A...

Which of the below is not considered as an ‘invitation to treat’ (ITT) situation?

A. A computer shop puts up a banner ‘Closing downClearance! Offer for Sale!’

B. A company publicises a tender announcement in the newspaper

C. A car dealer puts up an advertisement ’Toyota Yaris at RM30K.First 10 customers only’

D. A real estate agency promotes an auction in a property magazine

In: Economics

A psychology major recently conducted a survey with a random sample of 38 undergraduate students. She...

A psychology major recently conducted a survey with a random sample of 38 undergraduate students. She found that 18% of those surveyed stated that their preferred superpower would be teleportation. An article in a popular magazine stated that 33% of college students would choose teleportation as their preferred superpower. At Alpha = 0.10, test the claim that the proportion of students preferring teleportation is less than 33%?

In: Statistics and Probability

Locate the results of a recent survey that shows at least two variables in a newspaper,...

Locate the results of a recent survey that shows at least two variables in a newspaper, magazine, or internet article. Outline the survey data so that your peers can understand the variables and results, and then identify at least one key formula that you could use to evaluate the data. Provide a brief explanation of why you selected the formula you did and why it matters.

In: Statistics and Probability

According to Harper’s magazine, the time spend by kids in front of the television set per...

According to Harper’s magazine, the time spend by kids in front of the television set per year can be modeled by a normal distribution with a mean equal to 1500 hours and a standard deviation equal to 250 hours. If 25 kids are randomly selected from this population, what is the probability that the average of their times spent watching television is at least 1650 hours per year?

In: Math