1. What is the difference between accounting and bookkeeping?
Part 1 -Balance Statement
2. What is the basic accounting equation? What is the purpose of a balance sheet (what does it show a business person; how is it used)?
3. Why is it that the assets always equals the total of liabilities and owner's equity? Explain this in your own words
. 4. Use an example of a person who is buying a house to illustrate why assets always equals owner's equity plus liabilities.
Part 2 - Income Statement
5. Explain what an income statement is and how it is used by a business person. Is this something prepared once a year, every month, every week? Explain.
6. What is a Statement of Cash Flows?
Part 3 - Using Ratios It’s important to use ratios to understand a business's financial health. Examples include liquidity ratios, leverage ratios, profitability ratios and activity ratios
. 7. Which of the four types of ratios do you believe is the most insightful to really understanding the financial health of a business? Explain why you believe the ratio you picked is more useful than the other ratios discussed. For example, if you state you believe leverage (debt) ratios are most important to really seeing how financially healthy a business is, why are these ratios more important than the liquidity, profitability, or activity ratios?
Explain your answer. Explain your reasoning. To support your answer, find a source online that provides additional information to help you answer this question. Properly cite to the source. Remember, pasting in a URL is not a proper citation for a source.
In: Accounting
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David Anderson has been working as a lecturer at Michigan State University for the last three years. He teaches two large sections of introductory accounting every semester. While he uses the same lecture notes in both sections, his students in the first section outperform those in the second section. He believes that students in the first section not only tend to get higher scores, they also tend to have lower variability in scores. David decides to carry out a formal test to validate his hunch regarding the difference in average scores. In a random sample of 21 students in the first section, he computes a mean and a standard deviation of 88.9 and 20.7, respectively. In the second section, a random sample of 19 students results in a mean of 85.2 and a standard deviation of 1.02. |
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Sample 1 consists of students in the first section and Sample 2 represents students in the second section. |
| a. |
Construct the null and the alternative hypotheses to test David’s hunch. |
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| b-1. |
Calculate the value of the test statistic. (Round intermediate calculations to 4 decimal places and final answer to 2 decimal places.) |
| Test statistic |
| b-2. | What is assumption regarding the population variances used to conduct the test? | ||||||
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| c. | Implement the test at ? = 0.10 using the critical value approach. | ||||||||
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In: Statistics and Probability
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David Anderson has been working as a lecturer at Michigan State University for the last three years. He teaches two large sections of introductory accounting every semester. While he uses the same lecture notes in both sections, his students in the first section outperform those in the second section. He believes that students in the first section not only tend to get higher scores, they also tend to have lower variability in scores. David decides to carry out a formal test to validate his hunch regarding the difference in average scores. In a random sample of 16 students in the first section, he computes a mean and a standard deviation of 75.9 and 21.5, respectively. In the second section, a random sample of 20 students results in a mean of 74.2 and a standard deviation of 1.03. |
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Sample 1 consists of students in the first section and Sample 2 represents students in the second section. |
| a. |
Construct the null and the alternative hypotheses to test David’s hunch. |
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|
| b-1. |
Calculate the value of the test statistic. (Round intermediate calculations to 4 decimal places and final answer to 2 decimal places.) |
| Test statistic |
| b-2. | What assumption regarding the population variances is used to conduct the test? | ||||||
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| c. | Implement the test at ? = 0.01 using the critical value approach. | ||||||||
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In: Statistics and Probability
1)Provide brief details about the dispute (use fictional names)
2)Summarize what the different resolution processes available are (e.g. criminal process, civil process, negotiation, mediation, arbitration, etc.)
3)Identify what resolution process (i.e. what method) is applicable/appropriate in your case
4)Explain why the process you have identified should be used to resolve the dispute (as opposed to the other methods)
In: Operations Management
Pitching Your Own Win" Please respond to the following: Realty tycoons Ryan Graham and Justin Seeby use presentation tools to market, pitch, and “seal the deal” with clients for the commercial and residential properties they sell. Share with your instructor and peers your thoughts on the following: What do you think are the most important do’s and don’ts when building presentations in Microsoft PowerPoint? For example, font size is important so that your audience can read what is on the slides. (For reference, go back to TestOut and review Section 4.1.2 Best Practices in Design.)
In: Operations Management
Using the provided case study (“Why Illegal Immigration Is an Intergovernmental Mess and Will Remain So” in Chapter 4 of the textbook), craft a paper analyzing the issues at play through the lens of public-administration theory and ethics. Specifically consider: What are the issues and perspectives related to immigration in the United States? How is immigration policy developed and what factors impact its development? What concepts in public administration would guide the actions of a public agent charged with enforcing the law? Specifically, you must address the critical elements listed below.
I. Overview: In this section, outline the issues related to immigration in the United States by briefly explaining the context and perspectives related to legal and illegal immigration in the United States.
II. Policy Development and Enforcement: In this section, analyze how immigration policy is developed and the variables that impact its enforcement. A. Discuss the political, social, economic, and cultural variables that impact public policy in immigration reform. B. Analyze ethical expectations of public administrators (such as border-patrol agents) charged with enforcing laws or policies that have been developed, especially in light of intense public opinion or scrutiny.
III. Situational Response: In this section, imagine you are a border-patrol agent. How would your role impact your ability to defend and advocate for your personal opinion on immigration? A. Defend your position on whether public-agency employees give up certain First Amendment rights by virtue of serving in their positions. B. Explain how Miles Law applies in this situation. C. Explain how organizational-culture theory could influence your actions as a border-patrol agent. D. Describe the ways that you could advocate to change the law without breaking it as a border-patrol agent.
In: Operations Management
Do you think that there is any connection between the cognitive shifts that children make between about five and seven years of age and the fact that most cultures with formal education systems begin children's schooling at this age period? Are these shifts continuous or discontinuous?
To answer this question, address the following points, some of which are covered in detail in one of Watson's lectures:
Detail the many shifts that occur between five and seven years of age.
Talk about the cognitive characteristics of the end product, the child in the concrete operational stage.
Discuss the differences between the preschooler (age 3-5) and the school age (age 7-11) child in terms of how they think differently.
Speculate as to why this shift might or might not make children ready for school.
Are these shifts continuous, as Bandura would assert, or they discontinuous, as Piaget believed? Defend your answer.
In: Psychology
What is a keystone species and how are they different from foundation species?
What is the difference between primary and secondary succession? Explain in detail.
How does the Biomass Accumulation Model describe succession of ecosystems following disturbances?
In: Biology
Explain in detail Gay-Williams’ three arguments against euthanasia. What is his argument why passive euthanasia should not be considered euthanasia? What are two of Rachels' objections to the distinction between passive and active euthanasia?
In: Psychology
Course: Human resource
Explain in detail with examples and full illustration to take get full credit. Copy from the internet or slides is not allowed.
What differentiates training from development and what are the challenges facing both?
In: Operations Management