Stolte Trimble Corporation (STC) uses a perpetual inventory system. At the beginning of May, STC had 30 units of inventory, of which 10 units were purchased in March for $60 per unit and 20 units were purchased in April for $66 per unit. STC uses its perpetual inventory system to account for the following transactions.

Required:
Assume STC uses FIFO in its perpetual inventory system. Prepare the journal entry for each transaction.

For a two tailed hypothesis test at the significance level a, the null hypothesis H0: M=M0 will be rejected in favor of the alternative hypothesis Ha: M does not = M0 lies outside the (1-a) level confidence interval for M. Illustrate the preceding relationship by obtaining the appropriate one mean t interval for the data below.

According to a survey, the average person watched 4.53 hours of television per day in 2005. A random sample of 20 people gave the following number of hours of television watched per day for the last year. At the 1% significance level, the data do not provide sufficient evidence to conclude the amount of television watched per day last year by the average person differed from that in 2005. (x= 4.785 and s= 2.313)

1.3
4.5
5.4
3.1
5.4
2.1
5.8
1.7
7.9
9
6.8
5.7
9.4
3.9
2.4
3
4.1
3.7
4.1
6.4

The confidence interval is from to .

Capital markets and the ability to raise funds for corporate uses are essential to the U.S. economic system. For this assignment, imagine that you have $25,000 to invest in U.S. companies. You are buying used stock. The company got the money when it issued the stock originally. You will be buying it from an existing owner. You are investing, or buying, the stock because you believe the company will make money and pay you a dividend in cash. Each share of stock that you buy entitles you to any dividend declared and a vote at the annual stockholders' meeting. The stock also allows you the ability to earn your money back by selling the stock. Of course, investing in stocks is risky and there is the possibility that the stock you buy will be worth less when you want your money back. The company is not obligated to give you any of your money back. You will only get your money back if another investor wants to buy your stock. Instructions Using the above scenario and the resources listed below, complete the following directions for your Week 3 Stock Journal entry: Select three US companies that are publicly traded using your knowledge and experience and make sure you are practicing good diversification. Jim Cramer, Money Manager, on CNBC, plays a game at the end of his show called "Am I Diversified." Check out the short clip, Am I Diversified - Mad Money [Video], to get a sense of industry diversification. Ideas for Sources of Information: There are many ways to find such companies and the stock prices, including the New York Stock Exchange, Google Finance, NASDAQ, and Yahoo! Finance. Describe how you will divide $25,000 across the three companies (e.g. $10,000 in Company 1, $10,000 in Company 2, and $5,000 in Company 3). You decide the amount you are investing in each company. You do not have to provide any analysis to justify your decisions. Provide a reason for picking each company. For example, you might invest in Ford because that company gets a lot of your money and you hear that Ford is doing well, and will continue to do well. Identify the number of shares you are buying, and the price of the shares you are buying for each company. Once you decide the companies and the amount for each company, determine how many shares you can buy. For example, if Company 1 is selling for $42.16, then you may buy $10,000/$42.16, or 237.19 shares. But you cannot buy a part of a share, so you decide to buy either 237 or 238. In this example, you buy 237 shares at $42.16 per share, investing $9,991.92. You won’t be able to buy exactly $10,000, or $5,000, or $25,000, but it will be relatively close. Use at least two quality references. Consider using the sources of information ideas above and/or searching and locating resources from the Strayer University Library. Note: Wikipedia and other websites do not qualify as academic resources. Submit two documents for your journal assignment submission by uploading them to the assignment submission area: Completed Excel template. Completed Word document template with your rationale. Note: This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. The specific course learning outcome associated with this assignment is: Analyze the performance of an investment portfolio over time.

Interns,

Mr. Howell, the prestigious founder and owner of our company would like you to perform an analysis on the company’s weekly revenues. He is requiring that the current weekly marginal revenue be at least $5,000 per week and if it is not currently at that level how fast should sales be changing to reach the target marginal revenue level. The most current information regarding weekly revenues can be found in Mr. Howell’s email below.

To be solved using derivatives.

“Mr. Kleppin,

It has come to my attention that our weekly marginal revenues may not be at the minimum level of $5,000 per week as I required. According to the sales report, we are currently selling 1,000 DVD’s per week and sales are currently rising by 200 DVD’s a week (gotta love the Marvel Universe! Customers can’t get enough!). They also inform me that our current selling price is $20 and that the price is dropping by $1 per week to encourage more sales. I would like you, Mr. Kleppin, to give the interns a chance to earn one of the 10 available positions at the end of their internship by giving them the opportunity to do the analysis. Again, I need to know if we are at the minimum level of $5,000 per week in marginal revenue, and if not, at what level should our sales per week be at so as to achieve the minimum marginal revenue level.”

A government agency counselling customers (citizens) subjected to domestic violence employs four lawyers. The agency manages complaints from three types of customers. The time a lawyer spends with each type of customers is exponentially distributed, with a mean of 15 minutes. Inter-arrival times for each customer type are exponential, with the average number of arrivals per hour for each customer type being observed as follows: type 1, 3 customers per hour; type 2, 5 customers per hour; and type 3, 3 customers per hour. Assume that type 1 customers have the highest priority, and type 3 customers have the lowest priority. Preemption is not allowed. a) What is the average length of time that each type of customers must wait before seeing a lawyer?

The sales manager of a potato chip manufacturing company ltd noticed that the sales of a winning brand have been declining two months in a row. He interpreted the problem as ‘ineffective advertising’. He instructed the marketing researcher to investigate the efficiency of the advertising campaign. The researcher conducted an exploratory research and discovered that the retailer support had declined because of new competitive quality products which provided higher value and profit margins on sales. Retailers are therefore making more profit by selling the competitive quality product. This information made it clear to the researcher that an investigation of advertising effectiveness would not solve the problem instead re-definition of the problem was necessary. Subsequently, it was defined in conjunction with the sales manager as ‘competitive pricing based on quality and profit margins’. Furthermore, the researcher realized that there are many factors that contribute to the success of the company on the market place, aimed at satisfying the needs and wants of customers which are met by creating the quality products and adequate services. He, therefore concluded that marketing operates in a dynamic environment and is facing new challenges brought about by players new or old.

Source: Donald et al, (2006), Business research methods,

1. With regards to Potato chip manufacturer, why should there be any question about the definition of research?                                                             [5 Marks]
2. You are the departmental head- Marketing Manager- of Potato Chip manufacturing company ltd and have the Sales manager and the marketing researcher reporting to you as your subordinates. You have received the research report on the findings done by the researcher. What are the six key qualities you will be looking for in the report?

                                                                                                               [12 Marks]

3. Define the distinction between primary, secondary and tertiary sources in a secondary research.                                                                                 [8 Marks]

A dataset with filename ‘tv.txt’. The data arise from a study examining the time teenagers spend watching TV. A random sample of n = 100 eighth grade American high school students was obtained, and the number of minutes spend watching TV during the first week of October was recorded. A similar sample of m = 90 Canadian students was also obtained. In this study it is of interest to compare the TV watching habits of the teenagers from the two countries, specifically to determine if Canadian students watch less TV than their American counterparts.The arguments to this function are: x1, a vector containing the sample measurements from the first population; x2, a vector containing the sample measurements from the second population; and H1, a string variable which takes one of three possible values: “two.sided”, “less” or “greater” specifying the alternative hypothesis. Note that x1 and x2 may have missing values, which should be removed in the function to compute the test statistic. To complete this question you will need to use R function pnorm() which computes standard normal probabilities.

(c)Apply your function to the TV data, computing the p-values for each of the three possible alternative hypotheses.

(d)Which of the three alternative hypotheses is relevant for the particular question being asked in this study? Comment on the results.

tv.txt

1 74 65
2 95 68
3 93 60
4 39 67
5 75 62
6 92 64
7 34 73
8 73 64
9 78 70
10 59 58
11 68 66
12 56 60
13 49 74
14 71 70
15 58 60
16 91 68
17 34 64
18 80 61
19 59 68
20 36 62
21 52 56
22 59 61
23 80 74
24 37 65
25 85 71
26 63 78
27 69 67
28 61 81
29 85 68
30 52 73
31 54 66
32 53 76
33 67 72
34 64 57
35 80 65
36 65 77
37 50 65
38 64 64
39 64 59
40 79 65
41 29 62
42 54 73
43 62 70
44 78 74
45 66 60
46 81 67
47 67 69
48 63 73
49 59 65
50 60 65
51 57 77
52 81 61
53 84 66
54 67 68
55 54 64
56 81 67
57 76 71
58 63 69
59 53 61
60 77 64
61 46 74
62 48 69
63 46 62
64 61 72
65 79 72
66 66 63
67 59 67
68 68 68
69 63 63
70 67 75
71 74 78
72 66 57
73 70 65
74 77 71
75 57 65
76 52 84
77 53 69
78 65 63
79 72 66
80 43 67
81 83 77
82 64 60
83 83 69
84 75 62
85 48 66
86 78 82
87 54 69
88 67 67
89 61 59
90 52 64
91 NA 69
92 NA 75
93 NA 55
94 NA 63
95 NA 68
96 NA 72
97 NA 71
98 NA 66
99 NA 70
100 NA 66

Problem 21-11 Prepare a statement of cash flows; direct method [LO21-3, 21-8]

The comparative balance sheets for 2018 and 2017 and the income statement for 2018 are given below for Arduous Company. Additional information from Arduous’s accounting records is provided also.

Additional information from the accounting records:

1. Investment revenue includes Arduous Company’s $16 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2018 at a gain of $3 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. A machine originally costing $88 million that was one-half depreciated was rendered unusable by a flood. Most major components of the machine were unharmed and were sold for $18 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred income tax liability to increase by $12 million.
5. The preferred stock of Tory Corporation was purchased for $34 million as a long-term investment.
6. Land costing $55 million was acquired by issuing $27 million cash and a 12%, four-year, $28 million note payable to the seller.
7. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $91 million. Annual lease payments of $8 million are paid at the beginning of each year starting January 1, 2018.
8. $69 million of bonds were retired at maturity.
9. In February, Arduous issued a stock dividend (7.6 million shares). The market price of the $5 par value common stock was $7.50 per share at that time. Also the company paid a cash dividend.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $18.00 million.

Required:
Prepare the statement of cash flows of Arduous Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign.)