Suppose the table gives the number N(t), measured in thousands, of minimally invasive cosmetic surgery procedures performed in the United States for various years t.

t N(t)(thousands)

(b) Construct a table of estimated values for N'(t). (Use a one-sided difference quotient with an adjacent point for the first and last values, and the average of two difference quotients with adjacent points for all other values. Round your answers to two decimal places.)

More time on the Internet: A researcher polled a sample of

1097

adults in the year

2010

, asking them how many hours per week they spent on the Internet. The sample mean was

9.42

with a standard deviation of

13.23

. A second sample of

1031

adults was taken in the year

2012

. For this sample, the mean was

10.63

with a standard deviation of

14.47

. Assume these are simple random samples from populations of adults. Can you conclude that the mean number of hours per week spent on the Internet increased between

2010

and

2012

? Let

μ1

denote the mean number of hours spent on the Internet in

2010

and

μ2

denote the mean number of hours spent on the Internet in

2012

. Use the  

=α0.05

level and the

P

-value method with the table.

Part 1 of 6

Your Answer is correct

State the appropriate null and alternate hypotheses.

Part 2 of 6

Your Answer is correct

Compute the test statistic. Round the answer to three decimal places.

=t

−2.01

Part: 2 / 6

2 of 6 Parts Complete

Part 3 of 6

Your Answer is incorrect

How many degrees of freedom are there, using the simple method?

4. Timco airlines is a large airplane maker. It recently built the T123. It can carry 500 passengers on two levels. Initial project investments were $13B. Assume that the initial investment was paid on Dec 31, 2010. Assume that Timco will produce 60 aircraft per year for five years. Each aircraft will be sold for $230M and total operating costs are 75% of revenues. Assume that revenues and costs occur at year-end with the first revenues (and costs) occurring on Dec 31, 2011. What is the NPV of the project if Timco’s cost of capital is 11%? Calculate the NPV as of Dec 31, 2010. Ignore taxes and assume that there are no terminal year cash flows. Show your work, as appropriate and clearly state your answer (5 points) 5. What is the payback period for the Timco investment outlined in #4? What does the payback period calculation mean? In other words, interpret your answer. 6. What is the Profitability Index as of Dec 31, 2010 for the Timco investment outlined in #4? 7. Timco’s CFO wants you to provide a recommendation – but based on only one of the three sets of analysis above (either NPV, Payback or Profitability Index). Which method do you choose? Why?

Income recognition for a contractor. On October 15, 2010, Flanikin Construction Company contracted to build a shopping center at a contract price of $180 million. The schedule of expected and actual cash collections and contract costs is as follows:

Year Cash collections from Customers Estimated and Actual Cost Incurred

2010 $36,000,000 $12,000,000

2011 45,000,000 36,000,000

2012 45,000,000 48,000,000

2013 54,000,000 24,000,000

   $180,000,000 $120,000,000

A) Calculate the amount of revenue, expense, and net income for each of the four years under the following revenue recognition methods:

(1)    Percentage-of-completion method.

(2)    Completed contract method.

B) Show the journal entries Flanikin will make in 2010, 2011, 2012, and 2013 for this contract. Flanikin accumulates contract costs in a Contract in Process account. Although the costs involve a mixture of cash payments, credits to assets, and credits to liability accounts, assume for purposes of this problem that all costs are recorded as credits to Accounts Payable.

C) Which method do you believe provides the better measure of Flanikin Construction Company’s performance under the contract? Why?

Can somebody please show me how to calculate this in EXCEL. Step by step excel calculations need to be shown with screenshots. Thank you.

You have just graduated from The a College and is making a budget presentation to a group of students. In your presentation you are required to prepare the cash budget for Neann Ltd for the first quarter of 2011.
The following information is to be used in the preparation of the budget.
a) The directors have agreed at a special meeting to inject additional capital into the business of $60million dollars in February 2011.
b) The business expects to receive interest income of $40million in March 2011.
c) Twenty percent (20%) of the company’s sales represents cash sales and the remainder is received 3 months later. The following sales are expected:

                       $million
October 2010    80
November 2010 40
December 2010 50
January 2011     30
February 2011    45
March 2011         50

d) Neann is expected to receive dividend of $6million at the end of January 2011
e) The following overheads are to be incurred on a monthly basis
                                $million
Factory Insurance           5
Factory Depreciation    1.5
Indirect wages               2
Indirect Materials          0.5

f) Neann plans to purchase equipment costing $12million in January 2011.
g) The directors of Neann are expected to declare a dividend of $18million in March 2011
h) At the December 2010 board meeting the directors plan to sign off on the renovation of the executive suite, the directo’rs dining room and the board room. The contract is expected to cost $200million. The work is schedule to start in May 2011 but the first payment of $110million is to be made in February 2011.
i) Three of the directors are to purchase 5 series BMW from Stewarts Motors costing $17million each. The payment is to be made in March 2011.
j) It is expected that the sale of two trucks owned by Neann will be finalized in February 2011. The sale proceeds of $10 million is to be received in March 2011.
k) The Company must maintain a minimum cash balance of $10 million
l) All borrowing occurs at the end of a month and all repayments occur at the end of the month following the loan taken.
m) Interest is paid only at the time of repayment of principal. The interest rate is 10% per year.
n)    The cash balance at the end of December 2010 was $10million    

Required:
a) Prepare a debtors collection schedule for the quarter
b) Prepare a cash budget for the quarter with a total columns ending March 31,2011     

Country facing a lost decade of growth, ANZ warns

By Shane Wright (Sydney Morning Herald, 21 January 2020)

Australia is facing a lost decade of economic growth, ANZ has warned, that will see living standards slip and wages grow modestly while putting pressure on the Morrison government's plan for a string of budget surpluses.

As separate research suggests consumers are eager to get back into the housing market, ANZ said the 2020s were likely to endure the slowest rate of growth since the 1980s, which was a decade that included a recession and the start of Australia's last economic contraction.

...

ANZ head of Australian economics David Plank said growth through the current decade would average 2.6 per cent, with that tipped to fall to between 2 and 2.5 per cent across the 2020s.

He said that level of growth, lower than both estimated by the Reserve Bank and the federal Treasury, would be driven by tepid non-mining business investment, weak productivity and household consumption held back by high debt and modest wage increases.

Australian households, despite record levels of wealth due to high house prices, were carrying record levels of debt that would crimp their spending plans.

...

In its December budget update, Treasury forecast economic growth to lift to 2.75 per cent through 2020-21 and then climb to 3 per cent for the next two years. That level of growth is expected to help drive down unemployment and push up wages.

...

"Lower trend growth poses challenges for the fiscal outlook. Critically, however, the slowdown in trend doesn't have to be meekly accepted," he said. "To be specific, the policy focus should be on lifting investment."

...

Question 1:

a) According to the macroeconomic indicators mentioned in the article above , what phase of the business cycle is the Australian economy most likely in during 2020? Represent your answer in a diagram.

b) What type of fiscal policy is undertaking in 2020 (at the article above)? How would this affect aggregate demand and the economy? Demonstrate your answer in a diagram.

Green Landscaping Inc. is preparing its budget for the first quarter of 2020. The next step in the budgeting process is to prepare a cash receipts schedule and a cash payments schedule. To that end the following information has been collected. Clients usually pay 60% of their fee in the month that service is performed, 30% the month after, and 10% the second month after receiving service. Actual service revenue for 2019 and expected service revenues for 2020 are November 2019, $94,110; December 2019, $84,830; January 2020, $102,390; February 2020, $123,530; and March 2020, $131,560. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2019 and expected purchases for 2020 are December 2019, $17,540; January 2020, $16,370; February 2020, $18,950; and March 2020, $19,050. (a) Prepare the following schedules for each month in the first quarter of 2020 and for the quarter in total: 1) Expected collections from clients. (2) Expected payments for landscaping supplies. (b) Determine the following balances at March 31, 2020: (1) Accounts receivable (2) Accounts payable

Green Landscaping Inc. is preparing its budget for the first quarter of 2020. The next step in the budgeting process is to prepare a cash receipts schedule and a cash payments schedule. To that end the following information has been collected. Clients usually pay 60% of their fee in the month that service is performed, 30% the month after, and 10% the second month after receiving service. Actual service revenue for 2019 and expected service revenues for 2020 are November 2019, $94,110; December 2019, $84,830; January 2020, $102,390; February 2020, $123,530; and March 2020, $131,560. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2019 and expected purchases for 2020 are December 2019, $17,540; January 2020, $16,370; February 2020, $18,950; and March 2020, $19,050.

5.5 ANALYSIS OF ANNUAL REPORT OF McDONALD'S IN 2015 The annual report of Mcdonalds in 2015 is a well written report that has covered mostly all the aspects that needs to be framed while putting doen the collective data of the year.The report has covered topics relating to its business,distribution,financial statements,risk factors,legal proceedings,quantitative and qualitative disclosures about market risk.The report also shares the data of unresolved staff comments and relationships and related transactions. Headings are very important and they have used the headings quite frequently in the report.All the headings are relevant and concise and the data under the heading is in syncronization with the heading.So overall the report is a well structured annual report.The index has all the headings that are described in the report.So before going through the report ,one has an idea of what are the topics covered in the report. Reports also contains various charts,figures and graphics that has made the analysis easier and effective.Through charts and figures,one can actually see the results and compare it with the competitors and managers get an idea of where they lack and by what numbers.Mcdonald's has given a comparison of cumulative 5 year total return through a graph.They have also provided the chart of their financial sheets of years 2010,2011,2012,2013,2014 and 2015.This gives the clear comparison of the business done and profits of the company in these years.They have shared the details of comparable sales and guest account sales in a chart.They have also given the consolidated data of the financial statements. Based on all the data ,charts,graphs and graphics the report has concluded a result of each chart,graph and figure.So they have used the diagrams effectively and prepared results on the basis of the data mentioned.They have results stating that the company has the largest market segment in US. Overall the report is a well structured report with all the data use effectively 3 aspects that i would like to use : the way they have used charts,figures and graphics geographic analysis is well explained in the report they have nicely compared the financial statements of the years from 2010 to 2015 3 aspects that i would like to improve: provide more in house details like about the work culture that is also responsible for a good business management details not covered market segmentation is not mentioned.