A sample of 12 of bags of Calbie Chips were weighed (to the nearest gram), and listed here as follows.
219, 226, 217, 224, 223, 216, 221, 228, 215, 229, 225, 229 Find a 95% confidence interval for the mean mass of bags of Calbie Chips.
Find a 95% confidence interval for the mean mass of bags of Calbie Chips
(b) Professor GeniusAtCalculus has two lecture sections (A and B) of the same 4th year Advanced Calculus (AMA 4301) course in Semester 2. She wants to investigate whether section A students maybe ”smarter” than section B students by comparing their perfor- mances in the midterm test. A random sample of 12 students were taken from section A, with mean midterm test score of 78.8 and standard deviation 8.5; and a random sample of 9 students were taken from section B, with mean midterm test score of 86 and standard deviation 9.3. Assume the population standard deviations of midterm test scores for both sections are the same. Construct the 90% confidence interval for the difference in midterm test scores of the two sections. Based on the sample midterm test scores from the two sections, can Professor GeniusAtCalculus conclude that there is any evidence that one section of students are ”smarter” than the other section? Justify your conclusions.
[8 marks]
(c) The COVID-19 (coronavirus) mortality rate of a country is defined as the ratio of the number of deaths due to COVID-19 divided by the number of (confirmed) cases of COVID-19 in that country. Suppose we want to investigate if there is any difference between the COVID-19 mortality rate in the US and the UK. On April 18, 2020, out of a sample of 671,493 cases of COVID-19 in the US, there was 33,288 deaths; and out of a sample of 109,754 cases of COVID-19 in the UK, there was 14,606 deaths. What is the 92% confidence interval in the true difference in the mortality rates between the two countries? What can you conclude about the difference in the mortality rates between the US and the UK? Justify your conclusions.
fidence interval for the mean mass of bags of Calbie Chips. [9 marks] (b) Professor GeniusAtCalculus has two lecture sections (A and B) of the same 4th year Advanced Calculus (AMA 4301) course in Semester 2. She wants to investigate whether section A students maybe ”smarter” than section B students by comparing their perfor- mances in the midterm test. A random sample of 12 students were taken from section A, with mean midterm test score of 78.8 and standard deviation 8.5; and a random sample of 9 students were taken from section B, with mean midterm test score of 86 and standard deviation 9.3. Assume the population standard deviations of midterm test scores for both sections are the same. Construct the 90% confidence interval for the difference in midterm test scores of the two sections. Based on the sample midterm test scores from the two sections, can Professor GeniusAtCalculus conclude that there is any evidence that one section of students are ”smarter” than the other section? Justify your conclusions. [8 marks] (c) The COVID-19 (coronavirus) mortality rate of a country is defined as the ratio of the number of deaths due to COVID-19 divided by the number of (confirmed) cases of COVID-19 in that country. Suppose we want to investigate if there is any difference between the COVID-19 mortality rate in the US and the UK. On April 18, 2020, out of a sample of 671,493 cases of COVID-19 in the US, there was 33,288 deaths; and out of a sample of 109,754 cases of COVID-19 in the UK, there was 14,606 deaths. What is the 92% confidence interval in the true difference in the mortality rates between the two countries? What can you conclude about the difference in the mortality rates between the US and the UK? Justify your conclusions.
In: Statistics and Probability
You have just joined a company as a new staff accountant. Your company is in an acquisition mode (acquiring 5 to 10 smaller companies each of the last 4 years). You are excited to hear that you are going with an acquisition team to facilitate another acquisition (Company X). You have been instructed to sit down with Company X’s controller and explain some pre-acquisition (before the acquisition is finalized) accounting expectations.
Expectations for Company X before the acquisition is finalized.
a) Company X is expected to accelerate the payment of liabilities
b) Company X is expected to delay recording the collections of revenue
d) Company X is expected to increase the estimated amounts in reserve accounts
As you are driving to the Company X headquarters, your gut is telling you something is not right? You pull your car over and call your old classmate who is now an auditor for Ernst and Young. You explain the “expectations” and your old classmate provides the following feedback…
(Old Classmate) There are ways that the three expectations could be managed within the rules provided by GAAP, but would be regarded by many as pushing the limits of GAAP.
Not satisfied with your old classmates answer you call your old accounting professor. Your accounting professor reminds you what he used to say in class,
(Old Professor) “There are gray areas in accounting that many accountants will be influenced to step into. Often, this results in unethical behavior (at a minimum) and in many cases results in illegal acts.” “It’s a dangerous path and I recommend that you stay away from gray.”
answer the following questions…
1) What effect does each of the three items have on the reported net income of the acquired company before the acquisition and on the reported net income of the combined company in the first year of the acquisition and future years?
2) What effect does each of the three items have on the cash from operations of the acquired company before the acquisition and on the cash from operations of the combined company in the first year of the acquisition and future years?
3) If you are the controller of Company X, how would you respond to these suggestions?
In: Accounting
A Mexican company is evaluating alternatives to hedge its accounts receivable in US$ due in three months. A futures hedge for this transaction will be
Group of answer choices
buying a Peso futures contract.
buying a US$ futures contract.
selling a Peso futures contract.
selling a US$ futures contract.
In: Finance
In 2018, the company made improvement to leased office space in the amount of $46,978. At that time, the remaining term on the lease was 7 years with renewals of 2 and 3 years.
In 2020, further improvements were made to the leased space in the amount of $68,094.
Calculate the maximum impact on business income from leasehold improvements.
In: Accounting
In: Economics
You are the CFO of a sizable publicly-traded, multinational firm. Over the last 20 months, you've been working tirelessly to put together a deal for the construction of a very large manufacturing plant in Tokyo, Janapan. It's been quite a journey. You've spent weeks on end in Japan working with government representatives, architects, engineers and local contractors to get the project ready to go.
Back here in ohio, you've also worked out the details on a $140,000,000 syndicated debt facility led by JP Morgan and they're ready to go with a construction loan. That, and another $70,000,000 of the Company's cash reserves will fund the project's total cost.
This morning, as usual, you're at your desk when the CEO walks down the hall by your office with what looks to you to be a distracted look on her face. She stops, looks at you and says: "This escalating tension between us and China over the Covid-19 pandemic. . .Should that impact our strategy to move forward on the project? Let's plan on having lunch in my office so you can tell me what you think."
Well, there goes the morning! What do you tell the CEO at lunch time?
In: Accounting
Question 2
Like other higher education institutions, York University is intensely preparing for the start of the new academic year in September, when a large new cohort of students will enter York for their first year of higher education. For the purpose of this question, we will assume that this preparation includes a contingency plan to deal with the a situation where limits will still be in place on in-person gatherings during the start of the fall 2020 term. Considering our course content on socialization and organizational culture, describe your own socialization process to York. Use your own socialization experiences when you came to York U as examples when you apply relevant concepts. Then, identify challenges and opportunities for the socialization process of newly admitted students that are expected to start their studies at York in September 2020. Explain why it is important for organizations such as York U to get the socialization process right in September. Ensure to articulate your arguments clearly and provide support for your claims, using and applying relevant concepts.
In: Operations Management
Presented below is selected information for Oriole
Company.
Answer the questions asked about each of the factual situations.
(Do not leave any answer field blank. Enter 0 for
amounts.)
1. Oriole purchased a patent from Vania Co. for
$1,140,000 on January 1, 2018. The patent is being amortized over
its remaining legal life of 10 years, expiring on January 1, 2028.
During 2020, Oriole determined that the economic benefits of the
patent would not last longer than 6 years from the date of
acquisition. What amount should be reported in the balance sheet
for the patent, net of accumulated amortization, at December 31,
2020?
| The amount to be reported |
$enter the dollar amount to be reported |
2. Oriole bought a franchise from Alexander Co. on
January 1, 2019, for $320,000. The carrying amount of the franchise
on Alexander’s books on January 1, 2019, was $320,000. The
franchise agreement had an estimated useful life of 30 years.
Because Oriole must enter a competitive bidding at the end of 2021,
it is unlikely that the franchise will be retained beyond 2028.
What amount should be amortized for the year ended December 31,
2020?
| The amount to be amortized |
$enter the dollar amount to be amortized |
3. On January 1, 2020, Oriole incurred
organization costs of $260,000. What amount of organization expense
should be reported in 2020?
| The amount to be reported |
$enter the dollar amount to be reported |
4. Oriole purchased the license for distribution
of a popular consumer product on January 1, 2020, for $144,000. It
is expected that this product will generate cash flows for an
indefinite period of time. The license has an initial term of 5
years but by paying a nominal fee, Oriole can renew the license
indefinitely for successive 5-year terms. What amount should be
amortized for the year ended December 31, 2020?
| The amount to be amortized |
$enter the dollar amount to be amortized |
In: Accounting
Last week, you performed a trend analysis for the manufacturing company you selected in week 2. For this week, please refer back to that company and assess the financial statements using the ratio tools you have acquired in the course.
Select at least one profitability, liquidity, solvency, and market valuation ratio and evaluate the results. Based on your findings, post an initial response to the following: What do the metrics tell you about the company’s performance? Support your answer by explaining the results from your assessment. If you were considering investing in the company, what other questions would you ask to gain further insight into the performance? minimum 250 words, the company was Apple Inc.
In: Accounting
Last week, you performed a trend analysis for the manufacturing company you selected in week 2. For this week, please refer back to that company and assess the financial statements using the ratio tools you have acquired in the course. Select at least one profitability, liquidity, solvency, and market valuation ratio and evaluate the results.
Based on your findings, post an initial response to the following:
What do the metrics tell you about the company’s performance? Support your answer by explaining the results from your assessment.
If you were considering investing in the company, what other questions would you ask to gain further insight into the performance?
minum250 words, company was Microsoft corp
In: Accounting