Research Scenario: A clinical psychologist is studying whether aerobic exercise improves anxiety in veterans diagnosed with PTSD. Participants agreed to take an anxiety measure before and after a 4 week aerobic exercise plan (5 workouts per week for four weeks). The values provided in the table are anxiety scores (scale measurement) collected before and after the aerobic exercise sessions, with higher numbers indicating higher anxiety. Using this table, enter the data into a new SPSS data file and run a correlated groups t test to test whether aerobic exercise improves anxiety in veterans with PTSD. Remember to name and define your variables under the “Variable View,” then return to the “Data View” to enter and analyze the data. Remember, data will be entered differently than “normal” since this is a within subjects design. You will have two columns – “Before” and “After”, and the numbers will be your dependent variable (anxiety scores).
=
|
Before |
After |
|
24 |
19 |
|
23 |
23 |
|
22 |
17 |
|
30 |
19 |
|
31 |
22 |
|
30 |
13 |
|
38 |
35 |
|
25 |
24 |
|
33 |
28 |
|
38 |
35 |
|
Before |
After |
|
24 |
19 |
|
23 |
23 |
|
22 |
17 |
|
30 |
19 |
|
31 |
22 |
|
30 |
13 |
|
38 |
35 |
|
25 |
24 |
|
33 |
28 |
|
38 |
35 |
In: Statistics and Probability
preparation of adjusting entries at the end of the financial year is required:
| a. |
To ensure that cash inflows and cash outflows are accurately measured |
|
| b. |
To correct errors made during the year in the accounts |
|
| c. |
To provide for the correct recognition of income and expenses for the period |
|
| d. |
To achieve accurate reporting of all expenses paid at balance date |
|
| e. |
To eliminate the need for closing entries to be made in the accounts |
preparing the financial statements of a business, which of the following statements concerning the Equity figure found in the Balance Sheet is correct?
| a. |
It is decreased by any Drawings made by the owners |
|
| b. |
It is the amount owed by the entity to both outside and internal parties |
|
| c. |
It is the owners claim to the Liabilities of the entity after deducting Assets |
|
| d. |
It is fixed at the amount initially contributed when the business was formed |
|
| e. |
It is increased by a Net Loss during the financial period |
preparing the accounts, at the end of the financial year management forgot to include an item of Dividend Income earned during the period. This will result in an:
| a. |
Overstatement of liabilities and an understatement of net profit and equity |
|
| b. |
Understatement of assets and an overstatement of net profit and equity |
|
| c. |
Understatement of assets, net profit, and equity |
|
| d. |
Overstatement of assets, net profit, and equity |
|
| e. |
Overstatement of equity, and understatement of liabilities |
Van Gough Pty Ltd borrows $222 000 cash from Ozzie Bank Ltd in 2010 and intends to pay it back in 2020.
How would the transaction have originally been recorded in the books of Van Gough Pty Ltd back in 2010, when the loan was taken out.
| a. |
Debit - Accounts Payable $222 000; Credit - Cash at Bank $222 000 |
|
| b. |
Debit - Cash at Bank $222 000; Credit - Accounts Receivable $222 000 |
|
| c. |
Debit - Bank Loan $222 000; Credit - Cash at Bank $222 000 |
|
| d. |
Debit - Bank Loan $222 000; Credit - Capital $222 000 |
|
| e. |
Debit - Cash at Bank $222 000; Credit - Bank Loan $222 000 |
following is not an enhancing Qualitative Characteristic:
| a. |
Verifiability |
|
| b. |
Materiality |
|
| c. |
Timeliness |
|
| d. |
Understandability |
|
| e. |
Comparability |
following is not an important consideration in developing an accounting system:
| a. |
Eliminating all fraud |
|
| b. |
Compatibility |
|
| c. |
Internal Control |
|
| d. |
Flexibility |
|
| e. |
Costs incurred and benefits provided |
following statements concerning accrual accounting is correct?
| a. |
Net profit is the excess of cash inflows from income over cash outflows for expenses |
|
| b. |
Expenses should be recognised in the period in which they are paid |
|
| c. |
For most businesses the cash approach gives a better measure of economic performance than does the accrual approach |
|
| d. |
Net profit is the excess of income earned over expenses incurred during the financial period |
|
| e. |
Revenue is recognised in the period in which it is received in cash |
Closing the accounts refers to which of the following:
| a. |
Writing off all accounts in the balance sheet so there are zero balances |
|
| b. |
Establishing a zero balance in the cash at bank account |
|
| c. |
Establishing zero balances in all ledger accounts |
|
| d. |
Transferring income and expense account balances to the profit and loss summary account, which is then closed off to the equity account |
|
| e. |
All of the above |
publishers of ‘Guide to the Stock Market’, a magazine published monthly, received $396 in advance, including $36 GST on 1 March, 2019 for a whole one year’s subscription (12 issues) beginning with the March issue. On receipt of the subscription which entry will the company make in their books?
| a. |
Debit - Cash $396; Credit - Subscriptions Revenue $396 |
|
| b. |
Debit - Cash $396; Credit - GST Collections $36, Credit -Unearned Subscriptions (Liability) $360 |
|
| c. |
Debit - Cash $396; Credit - GST Collections $36, Credit - Subscriptions Received in Advance (Asset) $360 |
|
| d. |
Debit - Cash $360; Credit - Subscriptions Revenue $360 |
|
| e. |
None of the above |
In: Accounting
The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr).
| January 1, 2017 | December 31, 2017 | |||||
| Accounts payable | (13,000 | ) | (19,500 | ) | ||
| Accounts receivable | 41,000 | 91,000 | ||||
| Accumulated depreciation—buildings | (32,000 | ) | (37,000 | ) | ||
| Accumulated depreciation—equipment | 0 | (6,200 | ) | |||
| Bonds payable—due 2020 | (51,000 | ) | (51,000 | ) | ||
| Buildings | 121,000 | 98,500 | ||||
| Cash | 47,000 | 9,200 | ||||
| Common stock | (71,000 | ) | (85,000 | ) | ||
| Depreciation expense | 0 | 27,000 | ||||
| Dividends (10/1/17) | 0 | 44,000 | ||||
| Equipment | 0 | 42,000 | ||||
| Gain on sale of building | 0 | (7,200 | ) | |||
| Rent expense | 0 | 15,700 | ||||
| Retained earnings | (42,000 | ) | (42,000 | ) | ||
| Salary expense | 0 | 32,000 | ||||
| Sales | 0 | (117,000 | ) | |||
| Utilities expense | 0 | 5,500 | ||||
Additional Information
Agee issued additional shares of common stock during the year on April 1, 2017. Common stock at January 1, 2017, was sold at the start of operations in 2010.
Agee purchased buildings in 2011 and sold one building with a book value of Kr 17,500 on July 1 of the current year.
Equipment was acquired on April 1, 2017.
Relevant exchange rates for 1 Kr were as follows:
| 2010 | $ | 3.00 |
| 2011 | 2.80 | |
| January 1, 2017 | 3.10 | |
| April 1, 2017 | 3.20 | |
| July 1, 2017 | 3.40 | |
| October 1, 2017 | 3.50 | |
| December 31, 2017 | 3.60 | |
| Average for 2017 | 3.30 | |
Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $145,200, which included a remeasurement loss of $28,300.
Assuming the foreign currency is the functional currency, what is the translation adjustment for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $162,250, and a cumulative translation adjustment of $9,650 (credit balance).
The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr).
| January 1, 2017 | December 31, 2017 | |||||
| Accounts payable | (13,000 | ) | (19,500 | ) | ||
| Accounts receivable | 41,000 | 91,000 | ||||
| Accumulated depreciation—buildings | (32,000 | ) | (37,000 | ) | ||
| Accumulated depreciation—equipment | 0 | (6,200 | ) | |||
| Bonds payable—due 2020 | (51,000 | ) | (51,000 | ) | ||
| Buildings | 121,000 | 98,500 | ||||
| Cash | 47,000 | 9,200 | ||||
| Common stock | (71,000 | ) | (85,000 | ) | ||
| Depreciation expense | 0 | 27,000 | ||||
| Dividends (10/1/17) | 0 | 44,000 | ||||
| Equipment | 0 | 42,000 | ||||
| Gain on sale of building | 0 | (7,200 | ) | |||
| Rent expense | 0 | 15,700 | ||||
| Retained earnings | (42,000 | ) | (42,000 | ) | ||
| Salary expense | 0 | 32,000 | ||||
| Sales | 0 | (117,000 | ) | |||
| Utilities expense | 0 | 5,500 | ||||
Additional Information
Agee issued additional shares of common stock during the year on April 1, 2017. Common stock at January 1, 2017, was sold at the start of operations in 2010.
Agee purchased buildings in 2011 and sold one building with a book value of Kr 17,500 on July 1 of the current year.
Equipment was acquired on April 1, 2017.
Relevant exchange rates for 1 Kr were as follows:
| 2010 | $ | 3.00 |
| 2011 | 2.80 | |
| January 1, 2017 | 3.10 | |
| April 1, 2017 | 3.20 | |
| July 1, 2017 | 3.40 | |
| October 1, 2017 | 3.50 | |
| December 31, 2017 | 3.60 | |
| Average for 2017 | 3.30 | |
Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $145,200, which included a remeasurement loss of $28,300.
Assuming the foreign currency is the functional currency, what is the translation adjustment for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $162,250, and a cumulative translation adjustment of $9,650 (credit balance).
In: Accounting
Calculate the pH of 0.100 L of the buffer 0.110 M CH3COONa/0.130 M CH3COOH before and after the addition of the following species. (Assume there is no change in volume.)
(a) pH of the starting buffer:
(b) pH after addition of 0.0030 mol HCl:
(c) pH after addition of 0.0040 mol NaOH (added to a fresh solution of the starting buffer):
In: Chemistry
A 1300 kg aircraft going 35 m/s collides with a 1500 kg aircraft that is parked and they stick together after the collision and are going 16.3 m/s after the collision. If they skid for 14.3 seconds before stopping, how far did they skid? Hint: Are the aircraft moving at a constant velocity after the collision or do they experience an acceleration?
In: Physics
If KFC purchases the new unit, annual sales revenues are expected to increase by $100,000 before-tax (due to increased processing capacity), and annual operating costs (exclusive of depreciation) are expected to remain constant at this new level over the five-year life of the project. After five years, the new unit will be completely depreciated and is expected to be sold for $70,000 before-tax.
A. (12 points) What is the initial outlay associated with this
project?
B. (6 points) What is the operating cash flow per year?
C. (8 points) What is the terminal cash flow?
D. (4 points) Should this machine be replaced? Support your argument with NPV.
In: Finance
Cost of debt using both methods (YTM and the approximation formula) Currently, Warren Industries can sell 15 dash year $1,000 -par-value bonds paying annual interest at a 11% coupon rate. As a result of current interest rates, the bonds can be sold for $1,100 each before incurring flotation costs of $30 per bond. The firm is in the 40% tax bracket. a. Find the net proceeds from the sale of the bond, Upper N d
b. Calculate the bond's yield to maturity (YTM) to estimate the before-tax and after-tax costs of debt.
c. Use the approximation formula to estimate the before-tax and after-tax costs of debt.
a. The net proceeds from the sale of the bond,
Upper N d is
In: Finance
Nabor Industries is considering going public but is unsure of a fair offering price for the company. Before hiring an investment banker to assist in making the public? offering, managers at Nabor have decided to make their own estimate of the? firm's common stock value. The? firm's CFO has gathered data for performing the valuation using the free cash flow valuation model.
The? firm's weighted average cost of capital is 15 % and it has $1,830,000 of debt at market value and $370,000 of preferred stock at its assumed market value. The estimated free cash flows over the next 5? years, 2016 through? 2020, are given in the? table. Beyond 2020 to? infinity, the firm expects its free cash flow to grow by 5 % annually.
|
2016 |
?$280,000 |
|
2017 |
?$320,000 |
|
2018 |
?$360,000 |
|
2019 |
?$430,000 |
|
2020 |
$470,000 |
a.??Estimate the value of Nabor? Industries' entire company by using the free cash flow valuation model.
b.??Use your finding in part a?, along with the data provided? above, to find Nabor? Industries' common stock value.
c.??If the firm plans to issue 200,000 shares of common? stock, what is its estimated value per? share?
In: Finance
Nabor Industries is considering going public but is unsure of a
fair offering price for the company. Before hiring an investment
banker to assist in making the public offering, managers at Nabor
have decided to make their own estimate of the firm's common stock
value. The firm's CFO has gathered data for performing the
valuation using the free cash flow valuation model. The firm's
weighted average cost of capital is 13%, and it has $2,190,000 of
debt at market value and $440,000 of preferred stock at its assumed
market value. The estimated free cash flows over the next 5 years,
2016 through 2020, are given in the table, Beyond 2020 to
infinity, the firm expects its free cash flow to grow by 3%
annually.
|
2016 |
$290,000 |
|
2017 |
$350,000 |
|
2018 |
$430,000 |
|
2019 |
$500,000 |
|
2020 |
$530,000 |
a. Estimate the value of Nabor Industries' entire company by
using the free cash flow valuation model.
b. Use your finding in part along with the data provided above, to
find Nabor Industries' common stock value.
c. If the firm plans to issue 200,000 shares of common stock, what
is its estimated value per share?
In: Finance
I posted this question before too but answer was wrong can you please make sure the answer is right
Required information
[The following
information applies to the questions displayed
below.]
In 2018, the Westgate Construction Company entered into a contract
to construct a road for Santa Clara County for $10,000,000. The
road was completed in 2020. Information related to the contract is
as follows:
| 2018 | 2019 | 2020 | |||||||
| Cost incurred during the year | $ | 2,204,000 | $ | 3,192,000 | $ | 2,424,400 | |||
| Estimated costs to complete as of year-end | 5,396,000 | 2,204,000 | 0 | ||||||
| Billings during the year | 2,140,000 | 3,256,000 | 4,604,000 | ||||||
| Cash collections during the year | 1,870,000 | 3,200,000 | 4,930,000 | ||||||
Westgate recognizes revenue over time according to percentage of
completion.
rev: 09_15_2017_QC_CS-99734
4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.)
| 2018 | 2019 | 2020 | |||||||
| Cost incurred during the year | $ | 2,204,000 | $ | 3,870,000 | $ | 3,270,000 | |||
| Estimated costs to complete as of year-end | 5,396,000 | 3,170,000 | 0 |
|
|||||
In: Accounting