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 = After – before
In: Math
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.
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.
In: Accounting
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 $100,000, regardless of the outcome. For what values of ? is there an incentive to infringe?
In: Economics
In early 2019, The Economist reported that Venezuela’s GDP had fallen by 50% over just five years. During the same time period, charges of bribery and corruption were piling up upon members of the Venezuelan government, including President Nicolás Maduro, whose reelection that year was widely perceived as illegitimate.
Using what you learned in the chapter, indicate how bribery and corruption in the Venezuelan government could lead to declines in GDP.
a. The negative impact of bribery and corruption on growth is primarily due to their impact on (Choose one)
What are some of the crucial elements that governments must provide to encourage innovation and growth? (select all that apply)
b. Governments should
-adopt efficient regulations.
-embrace policies that encourage innovation.
-recognize and guarantee property rights.
-establish and maintain a stable society.
In: Economics
Analysis and Interpretation of Profitability
Balance sheets and income statements for Best Buy Co., Inc.
follow.
| Consolidated Statements of Earnings | |||
|---|---|---|---|
| For Fiscal Years Ended ($ 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
In: Physics
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. | $8 |
Instructions:
Journalize the events from 2011 for Jia Inc.
Note: The company records dividends, interest income, amortization and holding gains (losses) separately to facilitate tax preparation.
In: Accounting
Costco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 582 locations across the U.S. as well as in Canada, the United Kingdom, Japan, Australia, South Korea, Taiwan, Mexico and Puerto Rico. As of its fiscal year-end 2010, Costco had approximately 60 million members. Selected fiscal-year information from the company's balance sheets follows. ($ 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 $67,995 million in merchandise costs
(that is, cost of goods sold). Record this transaction in the
financial statement effects template.
(c) Determine the value of merchandise that Costco purchased during
fiscal-year 2010. Use the financial statement effects template to
record these merchandise purchases. Assume all of Costco's
purchases are on credit.
Use negative signs with your answers, when appropriate. Enter answers in millions.
|
Balance Sheet |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Transaction |
Cash |
+ |
Noncash |
= |
Liabilities |
+ |
Contributed |
+ |
Earned |
|
|
(a) |
Answer |
Answer |
Answer |
Answer |
Answer |
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|
(b) |
Answer |
Answer |
Answer |
Answer |
Answer |
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|
(c) |
Answer |
Answer |
Answer |
Answer |
Answer |
|||||
|
Income Statement |
||||
|---|---|---|---|---|
|
|
|
|
|
|
|
Answer |
Answer |
Answer |
||
|
Answer |
Answer |
Answer |
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Answer |
Answer |
Answer |
||
please help me solve this ........thank you very much
In: Accounting
In: Statistics and Probability
Costco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 582 locations across the U.S. as well as in Canada, the United Kingdom, Japan, Australia, South Korea, Taiwan, Mexico and Puerto Rico. As of its fiscal year-end 2010, Costco had approximately 60 million members. Selected fiscal-year information from the company's balance sheets follows. ($ 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