Questions
7. In a study to test the effects of science fiction movies on people's belief in...

7. In a study to test the effects of science fiction movies on people's belief in the supernatural, seven people completed a measure of belief in the supernatural before and after watching a popular science fiction movie. Participants' scores are listed below with high scores indicating higher levels of belief. Using the .01 significance level, test the experimenter's assumption that the participants' belief in the supernatural would change after watching the movie.

Belief-in-Supernatural Scores Participant

Before After
A 6 7
B 3 5
C 6 6
D 6 2
E 1 9
F 3 7
G 2 3

After

A) What is the appropriate test for this data?

B) Conduct the appropriate hypothesis test by hand. Follow the five steps of hypothesis testing and provide a drawing.

C) Give an interpretation of this data and, when appropriate, report the statistics.

D) Explain how you found the characteristics of the comparison distribution. In your explanation, be sure to use the names of the concepts. For example, if you are calculating variance for the distribution of means call it that. Do not simply say “that number”.

Mbefore = 3.86

Mafter = 5.57

SSbefore= 26.86

SSafter = 35.71

Mdifference = 1.71

SSdifference = 102

Difference = Afterbefore

In: Math

P. 4-2 For each of the following indicate the amount of revenue that Beanville should recognize...

P. 4-2

For each of the following indicate the amount of revenue that Beanville should recognize in its 2020 (1) government‐wide statements and (2) governmental fund statements. Provide a brief justification or explanation for your responses.

  1. The state in which Beanville is located collects sales taxes for its cities and other local governments. The state permits small merchants to remit sales taxes quarterly. The state sales tax rate is 6 percent. In December 2019, city merchants collected $50 million in sales taxes that they remitted to the state on January 15, 2020. The state, in turn, transferred the taxes to the city on February 15, 2020.
  2. In December 2019, the federal government awarded Beanville a reimbursement grant of $500,000 to train law‐enforcement agents. The city had applied for the grant in January of that year. The city may incur allowable costs any time after receiving notification of the award. In 2020, the city incurred $400,000 in allowable costs and was reimbursed for $350,000. It was reimbursed for the $50,000 balance in February 2021. In January and February 2021, it incurred the remaining $100,000 in allowable costs and was reimbursed for them in April 2021.
  3. In December 2019, the city levied property taxes of $1 billion for the calendar year 2020. The taxes are due on June 30, 2020. The city collected these taxes as follows:

December 2019                                                                                                                                 $56 million

January 1, 2019, to December 31, 2019    $858 million

January 1, 2020, through March 31, 2020 ($18 million per month) $54 million

Total                                                                                                                                                    $968 million

It estimates the balance of $32 million would be uncollectible. In addition, in the period from January 1 through February 28, 2020, the city collected $16 million in taxes that were delinquent as of December 31, 2019. In the period March 1 through June 30 2020, the city collected $8 million of taxes that were also delinquent as of December 31, 2019.

  1. In December 2020 Beanville sold a city‐owned warehouse to a private developer. Sales price was $4.2 million. The warehouse had cost $4 million when it was acquired 10 years earlier. It had an estimated useful life of 40 years (with no salvage value).
  2. In December 2020, Beanville's city‐owned radio station held its annual fund drive. A local business offered to match all pledges made on December 2, 2020, up to $50,000, assuming that the amount pledged was actually collected. Based on past experience the city estimates that 90 percent of the pledges will actually be collected. By year‐end 2020, the city had collected $25,000 of the pledges, and in January and February it collected an additional $15,000. It received $25,000 of the matching funds on February 15, 2021. Respond with respect only to the $50,000 in matching funds.

In: Accounting

Suppose that an innovation earns a monopolist innovator profits of $1 million if there was no...

Suppose that an innovation earns a monopolist innovator profits of $1 million if there was no infringement. If there was infringement, suppose that the innovator would earn $600,000, while the infringer earns $300,000. a. Under the lost profits protocol, how much compensation is the innovator entitled to? b. Under the unjust enrichments protocol, how much compensation is the innovator entitled to? c. In the United States, how much compensation is the innovator entitled to? d. What if the infringement was willful? Does this change your answer to part c? 10.

Consider the numbers from question 9. Let ? denote the probability that a non-willful infringer in the US is found to be infringing on an innovation. Suppose that by not infringing, the innovator can earn profits of $50,000 using its own technology. Also, suppose that fighting the infringement charge costs the innovator $100,000, regardless of the outcome. For what values of ? is there an incentive to infringe?

In: Economics

In early 2019, The Economist reported that Venezuela’s GDP had fallen by 50% over just five...

In early 2019, The Economist reported that Venezuela’s GDP had fallen by 50% over just five years. During the same time period, charges of bribery and corruption were piling up upon members of the Venezuelan government, including President Nicolás Maduro, whose reelection that year was widely perceived as illegitimate.

Using what you learned in the chapter, indicate how bribery and corruption in the Venezuelan government could lead to declines in GDP.

a. The negative impact of bribery and corruption on growth is primarily due to their impact on (Choose one)

  • government spending
  • imports
  • investment
  • consumption

What are some of the crucial elements that governments must provide to encourage innovation and growth? (select all that apply)

b. Governments should

-adopt efficient regulations.

-embrace policies that encourage innovation.

-recognize and guarantee property rights.

-establish and maintain a stable society.

In: Economics

Analysis and Interpretation of Profitability Balance sheets and income statements for Best Buy Co., Inc. follow....

Analysis and Interpretation of Profitability
Balance sheets and income statements for Best Buy Co., Inc. follow.

Consolidated Statements of Earnings
For Fiscal Years Ended ($ millions) February 26, 2011 February 27, 2010 February 28, 2009
Revenue $ 50,272 $ 49,694 $ 45,015
Cost of goods sold 37,611 37,534 34,017
Restructuring charges - cost of goods sold 24 -- --
Gross Profit 12,637 12,160 10,998
Selling, general and administrative expenses 10,325 9,873 8,984
Restructuring charges 198 52 78
Goodwill and tradename impairment -- -- 66
Operating income 2,114 2,235 1,870
Other income (expense)
Investment income and other 51 54 35
Investment impairment -- -- (111)
Interest expense (87) (94) (94)
Earnings before income tax expense and equity in income of affiliates 2,078 2,195 1,700
Income tax expense 714 802 674
Equity in income of affiliates 2 1 7
Net earnings including noncontrolling interest 1,366 1,394 1,033
Net income attributable to noncontrolling interest (89) (77) (30)
Net income attributable to Best Buy Co., Inc. $ 1,277 $ 1,317 $ 1,003
Consolidated Balance Sheets
($ millions, except footnotes) February 26, 2011 February 27, 2010
Assets
Current assets
Cash and cash equivalents $ 1,103 $ 1,826
Short-term investments 22 90
Receivables 2,348 2,020
Merchandise inventories 5,897 5,486
Other current assets 1,103 1,144
Total current assets 10,473 10,566
Property and equipment
Land and buildings 766 757
Leasehold improvements 2,318 2,154
Fixtures and equipment 4,701 4,447
Property under capital lease 120 95
7,905 7,453
Less: Accumulated depreciation 4,082 3,383
Property and equipment, net 3,823 4,070
Goodwill 2,454 2,452
Tradenames, net 133 159
Customer relationships, net 203 279
Equity and other investments 328 324
Other noncurrent assets 435 452
Total assets $ 17,849 $ 18,302
Liabilities and equity
Current liabilities
Accounts payable $ 4,894 $ 5,276
Unredeemed gift card liabilities 474 463
Accrued compensation and related expenses 570 544
Accrued liabilities 1,471 1,681
Accrued income taxes 256 316
Short-term debt 557 663
Current portion of long-term debt 441 35
Total current liabilities 8,663 8,978
Long-term liabilities 1,183 1,256
Long-term debt 711 1,104
Equity
Best Buy Co., Inc. Shareholders' equity
Preferred stock, $1.00 par value -- --
Common stock, $0.10 par value 39 42
Additional paid-in capital 18 441
Retained earnings 6,372 5,797
Accumulated other comprehensive income (loss) 173 40
Total Best Buy Co., Inc. shareholders' equity 6,602 6,320
Noncontrolling interest 690 644
Total equity 7,292 6,964
Total liabilities and equity $ 17,849 $ 18,302


(a) Compute net operating profit after tax (NOPAT) for 2011. Assume that the combined federal and statutory rate is: 37.0%. (Hint: Treat equity in income of affiliates as operating. Round your answer to the nearest whole number.)


2011 NOPAT = Answer($ millions)


(b) Compute net operating assets (NOA) for 2011 and 2010. (Hint: Treat Equity and Other Investments and Long-Term Liabilities as operating.)


2011 NOA = Answer($ millions)

2010 NOA = Answer

($ millions)

(c) Compute Best Buy's RNOA, net operating profit margin (NOPM) and net operating asset turnover (NOAT) for 2011. (Do not round until final answer. Round two decimal places. Do not use NOPM x NOAT to calculate RNOA.)

2011 RNOA = Answer%

2011 NOPM = Answer

%
2011 NOAT = Answer


(d) Compute net nonoperating obligations (NNO) for 2011 and 2010.


2011 NNO = Answer($ millions)

2010 NNO = Answer

($ millions)

(e) Compute return on equity (ROE) for 2011. (Round your answers to two decimal places. Do not round until your final answer.)


2011 ROE = Answer%


(f) Infer the nonoperating return component of ROE for 2011. (Use answers from above to calculate. Round your answer to two decimal places.)


2011 nonoperating return = Answer%

In: Accounting

A sound wave is oscillating in the n=7 mode in a tube of length 3.25 m....

A sound wave is oscillating in the n=7 mode in a tube of length 3.25 m. What is the wavelength and frequency of the standing sound wave in the tube if the speed of sound is 340 m/s and:
a) The tube is open at both ends.
b) The tube is closed at both ends.
c) One end of the tube is open and the other end is closed.

In: Physics

Jia Inc. has the following securities in its investments portfolio on December 31, 2010. These investments...

Jia Inc. has the following securities in its investments portfolio on December 31, 2010. These investments were purchased within 2010.

i. 700 shares of Wirjanto Corp. common shares, which cost $20,000 and had a fair value of $25,000 at the end of 2010. This is accounted for by Jia Inc. as an Available-For-Sale investment.

ii. 900 shares of MLT Corp. common shares, which cost $30,000 and had a fair value of  $45,000 at the end of 2010. This is accounted for by Jia Inc. as an Available-For-Sale Investment.  

iii. Delacosta Ltd. 10% bonds, $100,000 par value, purchased for $125,000; amortized cost was $110,000 at the end of 2010. The market rate of the bonds was 8% when acquired, and interest is paid annually at the end of each year.

In 2011, the following transactions occurred:

1. January 1: A cash dividend was received from Wirjanto Corp shares at a price of $2 per share.

2. April 1: Jia Inc. sold the MLT Corp. common shares for $40,000.

3. July 1: Jia Inc. purchased 500 shares of Gardi Inc. for $10 per share. (This is accounted for by Jia Inc. as a Held-For-Trading Investment)

4. October 1: 100 shares of Wirjanto Corp. were sold for $5,000.

5. December 31: Annual interest was received on the Delacosta Ltd. bond. (Interest revenue is measured using the effective-interest method)

6. December 31: Market values per share are:

Wirjanto Corp. $45
MLT Corp. $55
Gardi Inc. $8

Instructions:

Journalize the events from 2011 for Jia Inc.

Note: The company records dividends, interest income, amortization and holding gains (losses) separately to facilitate tax preparation.

In: Accounting

Costco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods...

Costco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 582 locations across the U.S. as well as in Canada, the United Kingdom, Japan, Australia, South Korea, Taiwan, Mexico and Puerto Rico. As of its fiscal year-end 2010, Costco had approximately 60 million members. Selected fiscal-year information from the company's balance sheets follows. ($ millions).

Selected Balance Sheet Data ($ millions)

2010

2009

Merchandise inventories

$5,638

$5,405

Deferred membership income (liability)

869

824


(a) During fiscal 2010, Costco collected $1,736 cash for membership fees. Use the financial statement effects template to record the cash collected for membership fees.
(b) In 2010, Costco recorded $67,995 million in merchandise costs (that is, cost of goods sold). Record this transaction in the financial statement effects template.
(c) Determine the value of merchandise that Costco purchased during fiscal-year 2010. Use the financial statement effects template to record these merchandise purchases. Assume all of Costco's purchases are on credit.

Use negative signs with your answers, when appropriate. Enter answers in millions.

Balance Sheet

Transaction

Cash
Asset

+

Noncash
Assets

=

Liabilities

+

Contributed
Capital

+

Earned
Capital

(a)

Answer

Answer

Answer

Answer

Answer

(b)

Answer

Answer

Answer

Answer

Answer

(c)

Answer

Answer

Answer

Answer

Answer

Income Statement


Revenue


-


Expenses


=


Net Income

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

please help me solve this ........thank you very much

In: Accounting

Question 7 In the last question, an insurance company wants to know if the mean area...

Question 7
In the last question, an insurance company wants to know if the mean area of homes built in 2010 is less than that of homes built in 2009. What is the conclusion at the 0.05 level of significance?

Question 7 options:
There is evidence to conclude that the mean area of homes built in 2010 is less than that of homes built in 2009
There is not enough evidence to conclude that the mean area of homes built in 2010 is less than that of homes built in 2009
There is evidence to conclude that the mean area of homes built in 2010 is not less than that of homes built in 2009
There is not enough evidence to conclude that the mean area of homes built in 2010 is not less than that of homes built in 2009

Question 8
Following are the weights of 5 boxes of cookies, each of which is labeled as containing 16 ounces. Assume that the population of weights is normally distributed.

15.91, 14.21 , 14.88, 16.07, 14.79

A quality control inspector wants to know whether the mean weight is actually less than 16 ounces. Compute the P-value of the test.

Write down your P-value. You will need it for the next question.

Write only a number as your answer. Round to four decimal places (for example: 0.3841).


Question 9
In the last question, an quality control inspector wants to know whether the mean weight of the boxes of cookies is actually less than 16 ounces. What is the conclusion at the 0.05 level of significance?

Question 9 options:
There is evidence to conclude that the mean weight is actually less than 16 ounces.
There is not enough evidence to conclude that the mean weight is actually less than 16 ounces.
There is evidence to conclude that the mean weight is not less than 16 ounces.
There is not enough evidence to conclude that the mean weight is not less than 16 ounces.

In: Statistics and Probability

Costco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods...

Costco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 582 locations across the U.S. as well as in Canada, the United Kingdom, Japan, Australia, South Korea, Taiwan, Mexico and Puerto Rico. As of its fiscal year-end 2010, Costco had approximately 60 million members. Selected fiscal-year information from the company's balance sheets follows. ($ millions).

Selected Balance Sheet Data ($ millions)

2010 2009
Merchandise inventories $5,638 $5,405
Deferred membership income (liability) 869 824


(a) During fiscal 2010, Costco collected $1,736 cash for membership fees. Use the financial statement effects template to record the cash collected for membership fees.
(b) In 2010, Costco recorded $67,995 million in merchandise costs (that is, cost of goods sold). Record this transaction in the financial statement effects template.
(c) Determine the value of merchandise that Costco purchased during fiscal-year 2010. Use the financial statement effects template to record these merchandise purchases. Assume all of Costco's purchases are on credit.

Use negative signs with your answers, when appropriate. Enter answers in millions.

Balance Sheet

Transaction Cash
Asset
+ Noncash
Assets
= Liabilities + Contributed
Capital
+ Earned
Capital
(a) Answer Answer Answer Answer Answer
(b) Answer Answer Answer Answer Answer
(c) Answer Answer Answer Answer Answer

Income Statement


Revenue

-

Expenses

=

Net Income
Answer Answer Answer
Answer Answer Answer
Answer Answer Answer

please answer all parts that say answer

In: Accounting