Questions
Taxpayer Form 1 Form 2 Form 3 Form 4 1 109 115 126 120 2 98...

Taxpayer Form 1 Form 2 Form 3 Form 4
1 109 115 126 120
2 98 103 107 108
3 29 27 53 38
4 93 95 103 109
5 62 65 67 64
6 103 107 111 128
7 83 82 101 116
8 122 119 141 143
9 92 101 105 108
10 107 113 127 113
11 103 111 111 108
12 54 64 67 62
13 141 145 142 160
14 92 94 95 102
15 29 32 33 62
16 83 83 89 86
17 34 36 40 48
18 83 86 90 119
19 157 157 172 193
20 99 107 111 100
21 118 123 117 130
22 58 65 75 81
23 66 71 79 81
24 60 60 78 41
25 102 106 100 142
26 128 134 135 142
27 87 93 90 77
28 126 134 129 154
29 133 130 148 164
30 100 112 107 120

Each of the three new forms and the currently used form were filled out by 30 different people. The amount of time (in minutes) taken by each person to complete the task was recorded.

A) If the filling time of all IRS forms is distributed normally with mean of 102 and standard deviation of 8, what is the probability that a randomly selected person could do the tax forms in less than 90 minutes?

B) Referring to problem “A” above, If a randomly selected person is in the top 5 percent of the fastest people who do the tax forms, at least how many minutes should he spent to fill out the form?


In: Statistics and Probability

Chapter 8: Applying Excel Data Year 2 Quarter Year 3 Quarter 1 2 3 4 1...

Chapter 8: Applying Excel
Data Year 2 Quarter Year 3 Quarter
1 2 3 4 1 2
Budgeted unit sales        40,000         60,000      100,000      50,000         70,000         80,000
• Selling price per unit $8 per unit
• Accounts receivable, beginning balance $65,000
• Sales collected in the quarter sales are made 75%
• Sales collected in the quarter after sales are made 25%
• Desired ending finished goods inventory is 30% of the budgeted unit sales of the next quarter
• Finished goods inventory, beginning        12,000 units
• Raw materials required to produce one unit                5 pounds
• Desired ending inventory of raw materials is 10% of the next quarter's production needs
• Raw materials inventory, beginning 23,000 pounds
• Raw material costs $0.80 per pound
• Raw materials purchases are paid 60% in the quarter the purchases are made
and 40% in the quarter following purchase
• Accounts payable for raw materials, beginning balance $81,500
Enter a formula into each of the cells marked with a ? below
Review Problem: Budget Schedules
Construct the sales budget Year 2 Quarter Year 3 Quarter
1 2 3 4 1 2
Budgeted unit sales ? ? ? ? ? ?
Selling price per unit ? ? ? ? ? ?
Total sales ? ? ? ? ? ?
Construct the schedule of expected cash collections Year 2 Quarter
1 2 3 4 Year
Accounts receivable, beginning balance ? ?
First-quarter sales ? ? ?
Second-quarter sales ? ? ?
Third-quarter sales ? ? ?
Fourth-quarter sales ? ?
Total cash collections ? ? ? ? ?
Construct the production budget Year 2 Quarter Year 3 Quarter
1 2 3 4 Year 1 2
Budgeted unit sales ? ? ? ? ? ? ?
Add desired finished goods inventory ? ? ? ? ? ?
Total needs ? ? ? ? ? ?
Less beginning inventory ? ? ? ? ? ?
Required production ? ? ? ? ? ?
Construct the raw materials purchases budget Year 2 Quarter Year 3 Quarter
1 2 3 4 Year 1
Required production (units) ? ? ? ? ? ?
Raw materials required to produce one unit ? ? ? ? ? ?
Production needs (pounds) ? ? ? ? ? ?
Add desired ending inventory of raw materials (pounds) ? ? ? ? ?
Total needs (pounds) ? ? ? ? ?
Less beginning inventory of raw materials (pounds) ? ? ? ? ?
Raw materials to be purchased ? ? ? ? ?
Cost of raw materials per pound ? ? ? ? ?
Cost of raw materials to be purchased ? ? ? ? ?
Construct the schedule of expected cash payments Year 2 Quarter
1 2 3 4 Year
Accounts payable, beginning balance ? ?
First-quarter purchases ? ? ?
Second-quarter purchases ? ? ?
Third-quarter purchases ? ? ?
Fourth-quarter purchases ? ?
Total cash disbursements ? ? ? ? ?

In: Accounting

WG G 1 M 2 M 7 F 4 M 12 F 2 M 1 M...

WG G
1 M
2 M
7 F
4 M
12 F
2 M
1 M
10 F
1 M
2 M
3 M
1 M
1 M
2 M
1 M

Assume that :

The first column is the weight gain of the people in the quarantine in the first week in kilogram (WG) .

   The second column is describing the gender whether it was male or female (G) .

Q: Is there any statistical evidence that the gaining weight for the females is higher than the gaining weight for the males ? Show your work .  

In: Statistics and Probability

Century-Fox Corporation's employees are eligible for postretirement health care benefits after both being employed at the...

Century-Fox Corporation's employees are eligible for postretirement health care benefits after both being employed at the end of the year in which age 60 is attained and having worked 20 years. Jason Snyder was hired at the end of 1998 by Century-Fox at age 33 and is expected to retire at the end of 2026 (age 61). His retirement is expected to span five years (unrealistically short in order to simplify calculations). The company's actuary has estimated the net cost of retiree benefits in each retirement year as shown below. The discount rate is 5%. The plan is not prefunded. Assume costs are incurred at the end of each year. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Year Expected Age Net Cost 2027 62 $ 4,100 2028 63 4,500 2029 64 2,400 2030 65 2,600 2031 66 2,900

Required:

2. Calculate the present value of the net benefits as of the expected retirement date.

3. With respect to Snyder, what is the company's expected postretirement benefit obligation at the end of 2021?

4. With respect to Snyder, what is the company's accumulated postretirement benefit obligation at the end of 2021?

5. With respect to Snyder, what is the company's accumulated postretirement benefit obligation at the end of 2022?

6. What is the service cost to be included in 2022 postretirement benefit expense?

7. What is the interest cost to be included in 2022 postretirement benefit expense?

8. Show how the APBO changed during 2022 by reconciling the beginning and ending balances.

In: Accounting

Construct a wave packet with 4 different frequency and wavelength (according to 1:2:4:8 relation) and also...

Construct a wave packet with 4 different frequency and wavelength (according to 1:2:4:8 relation) and also test this wave packets if it fulfil schrödinger equation? What role does the form of the wave package play in the Heisenberg Uncertainity principle?

In: Physics

2 Applications of Social Psych in Counseling/Clinical Issues GHA#4 Week 4 Name: ____________________________________ Date: ______________________ #1:...

2 Applications of Social Psych in Counseling/Clinical Issues GHA#4 Week 4 Name: ____________________________________ Date: ______________________ #1: Pick ONE of the compare/contrast questions and answer in 1-2 detailed paragraphs with supporting answers and citations. CLO1: Analyze: Students will draw connections among ideas by comparing and contrasting the scientific goals, definitions, methods, and concepts while demonstrating their skills in written communication, critical thinking, and information literacy. Compare and contrast these concepts: the social causes of anxiety and depression Compare and contrast these concepts: social phobia and loneliness Compare and contrast these concepts: anticipatory embarrassment and negative outcome expectations #2: Which theory discussed in the chapter was the best theory? Explain your answer with examples. You can also bring in additional background information. CLO2: Comprehend/Evaluate: Students will understand the value of theory and justify their decision for selecting the best social psychological theory covered across 10 application areas based on a set of criteria while demonstrating their skills in written communication, critical thinking, and information literacy. Review this link to help frame your decision: https://www.coursehero.com/file/p4l6k1r/5-criteria-of-evaluating-theories-Scope-Testability-Parsimony-Utility-Heurism-o/ #3 Cognitive biases and distortions: Speedy thinking and decision-making can be great but can also lead us into flawed thinking full of bias. Provide real examples of 2 biases and 2 distortions. CLO3: Apply: The student will use information in new situations while demonstrating their skills in written communication, critical thinking, and information literacy. Select two biases and provide a real-life situation or example that illustrates each understanding of each one. http://mentalfloss.com/article/68705/20-cognitive-biases-affect-your-decisions Select two distortions and provide a real-life situation or example: https://psychcentral.com/lib/15-common-cognitive-distortions/ #4. From Self-Awareness to Action: Diluting the distortions and biases. CLO4: Create: Students will produce new works or ideas by formulating practical solutions to social problems while demonstrating their skills in written communication, critical thinking, and information literacy. How would you address, limit, or combat the biases and distortions you discussed in #3. What safeguards, questions, and self-talk would you use to dilute the impact of these biases and distortions

In: Psychology

Consider the data. xi 1 2 3 4 5 yi 4 7 5 11 15 The...

Consider the data.

xi

1 2 3 4 5

yi

4 7 5 11 15

The estimated regression equation for these data is  ŷ = 0.60 + 2.60x.

(a)Compute SSE, SST, and SSR using equations SSE = Σ(yiŷi)2, SST = Σ(yiy)2, and SSR = Σ(ŷiy)2.

SSE=SST=SSR=

(b) Compute the coefficient of determination r2.

r2 =

Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.)

A) The least squares line did not provide a good fit as a small proportion of the variability in y has been explained by the least squares line.

B) The least squares line provided a good fit as a small proportion of the variability in y has been explained by the least squares line.   

C) The least squares line provided a good fit as a large proportion of the variability in y has been explained by the least squares line.

D) The least squares line did not provide a good fit as a large proportion of the variability in y has been explained by the least squares line.

(c)Compute the sample correlation coefficient. (Round your answer to three decimal places.)

In: Statistics and Probability

Consider the data. xi 1 2 3 4 5 yi 4 7 5 11 13 (a)...

Consider the data.

xi

1 2 3 4 5

yi

4 7 5 11 13

(a)

Compute the mean square error using equation  s2 = MSE =

SSE
n2

 . (Round your answer to two decimal places.)

(b)

Compute the standard error of the estimate using equation s =

MSE

=

SSE
n2

 . (Round your answer to three decimal places.)

(c)

Compute the estimated standard deviation of

b1

using equation sb1 =

s
Σ(xix)2

. (Round your answer to three decimal places.)

(d)

Use the t test to test the following hypotheses (α = 0.05):

H0: β1 = 0
Ha: β1 0

Find the value of the test statistic. (Round your answer to three decimal places.)

Find the p-value. (Round your answer to four decimal places.)

p-value =

State your conclusion.

Reject H0. We cannot conclude that the relationship between x and y is significant. Reject H0. We conclude that the relationship between x and y is significant.      Do not reject H0. We cannot conclude that the relationship between x and y is significant. Do not reject H0. We conclude that the relationship between x and y is significant.

(e)

Use the F test to test the hypotheses in part (d) at a 0.05 level of significance. Present the results in the analysis of variance table format.

Set up the ANOVA table. (Round your values for MSE and F to two decimal places, and your p-value to three decimal places.)

Source
of Variation
Sum
of Squares
Degrees
of Freedom
Mean
Square
F p-value
Regression
Error
Total

Find the value of the test statistic. (Round your answer to two decimal places.)

Find the p-value. (Round your answer to three decimal places.)

p-value =

State your conclusion.

Do not reject H0. We cannot conclude that the relationship between x and y is significant. Reject H0. We conclude that the relationship between x and y is significant.      Do not reject H0. We conclude that the relationship between x and y is significant.Reject H0. We cannot conclude that the relationship between x and y is significant.

In: Statistics and Probability

The adjusted trial balance of Marshall, Inc., follows: LO 4 A1 1 2 3 4 5...

The adjusted trial balance of Marshall, Inc., follows: LO 4 A1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 A C B Account DebitC redit (Amounts in thousands) Marshall, Inc. Adjusted Trial Balance December 31, 2016 Cash Accounts receivable Inventories Prepaid expenses Property, plant, and equipment Accumulated depreciation—property, plant, and equipment Other assets Accounts payable Income tax payable Other liabilities Common stock Retained earnings (beginning, December 31, 2015) Dividend Sales revenue Cost of goods sold Selling, administrative, and general expenses Income tax expense Total $ 4,300 1,400 2,400 1,600 16,700 9,300 1,500 25,500 10,500 2,200 $ 75,400 $ 2,400 7,500 800 2,700 14,500 5,100 42,400 $ 75,400 Requirement 1. Prepare Marshall, Inc.’s, single-step income statement and statement of retained earnings for the year ended December 31, 2016, and its balance sheet on that date. Draw the arrows linking the three statements.

In: Accounting

A B C 1 Chapter 4: Applying Excel 2 3 Data 4 Beginning work in process...

A
B
C
1 Chapter 4: Applying Excel
2
3 Data
4 Beginning work in process inventory:
5    Units in process 200
6    Completion with respect to materials 10 %
7    Completion with respect to conversion 45 %
8    Costs in the beginning work in process inventory:
9       Materials cost $404
10       Conversion cost $6,210
11 Units started into production during the period 15,000
12 Costs added to production during the period:
13    Materials cost $245,921
14    Conversion cost $996,935
15 Ending work in process inventory:
16    Units in process 500
17    Completion with respect to materials 10 %
18    Completion with respect to conversion 50 %
19

If your formulas are correct, you should get the correct answers to the following questions.


(a) What is the equivalent units of production for materials?


     

(b)

What is the equivalent units of production for conversion?


     

(c)

What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)


     

(d)

What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.)


     

(e)

What is the cost of the units transferred out? (Use rounded cost per equivalent unit.)


     

Requirement 3:
Either print a copy of your worksheet or make a copy of the worksheet in your workbook before proceeding. You will need to refer back to this worksheet.

Change the percentage completion with respect to conversion for the beginning inventory from 45% to 80%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this:

A
B
C
1 Chapter 4: Applying Excel
2
3 Data
4 Beginning work in process inventory:
5    Units in process 200
6    Completion with respect to materials 10 %
7    Completion with respect to conversion 80 %
8    Costs in the beginning work in process inventory:
9       Materials cost $404
10       Conversion cost $6,210
11 Units started into production during the period 15,000
12 Costs added to production during the period:
13    Materials cost $245,921
14    Conversion cost $996,935
15 Ending work in process inventory:
16    Units in process 500
17    Completion with respect to materials 10 %
18    Completion with respect to conversion 50 %
19


If your formulas are correct, you should get the correct answers to the following questions.


(a) What is the equivalent units of production for materials?

       

(b)

What is the equivalent units of production for conversion?


     

(c)

What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.)

     

(d)

What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.)

     

(e)

What is the cost of the units transferred out? (Use rounded cost per equivalent unit.)

     

(f)

Which of the following statements are true? (Select all that apply.)

In the weighted-average method, the percentage completion of beginning inventory has no effect on the equivalent units of production.
In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost per equivalent unit.
In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost of the units transferred out.

    

In: Accounting