1. A statistician is interested in the gross earnings of several of her favorite bands. She took a random sample of 30 of the Rolling Stones’ North American concerts, and found that the gross earnings averaged $2.27 million with a standard deviation of $0.5 million. One source suggests that the average gross earnings per concert for every stadium performance in North America is $2.11 million. Do the Rolling Stones earn more on average? Test at a 5% level of significance
2. A survey was conducted about the cost for a family of four to visit an amusement park for one day. A sample of 32 families yielded an average cost of $190.28 with a standard deviation of $51.75. Last year, a magazine published that the average cost for a family of four to visit an amusement park was $175. Based on the sample data above, can we conclude that the mean cost is actually higher than this at α=.05
3. According to a large local high school, senior students have a mean GPA of 3.07. A random sample of 38 seniors taking AP courses showed a mean GPA of 3.29 with a standard deviation of 0.42. At the 1% level of significance, can it be stated that seniors taking AP courses have a different GPA than the senior class as a whole?
In: Statistics and Probability
Bank Reconciliation and Entries The cash account for American Medical Co. at April 30 indicated a balance of $11,335. The bank statement indicated a balance of $13,070 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: Checks outstanding totaled $4,710. A deposit of $4,900, representing receipts of April 30, had been made too late to appear on the bank statement. The bank collected $2,550 on a $2,420 note, including interest of $130. A check for $440 returned with the statement had been incorrectly recorded by American Medical Co. as $400. The check was for the payment of an obligation to Targhee Supply Co. for a purchase on account. A check drawn for $60 had been erroneously charged by the bank as $600. Bank service charges for April amounted to $45. Required: 1. Prepare a bank reconciliation. American Medical Co. Bank Reconciliation April 30 Cash balance according to bank statement $ Add deposit of April 30, not recorded by bank $ Adjusted balance $ Cash balance according to company's records $ $ Adjusted balance $ 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. For a compound transaction, if an amount box does not require an entry, leave it blank. a. April 30 Cash Notes Receivable Interest Revenue b. April 30 Accounts Payable-Targhee Supply Co. Miscellaneous Expense Cash 3. If a balance sheet is prepared for American Medical Co. on April 30, what amount should be reported as cash $
In: Accounting
China has recently retaliated to US tariffs on steel and aluminum and has imposed a wide range of tariffs on U.S agricultural export that are destined to China. These tariffs are expected to have a significant negative impact on the U.S. agriculture products.
If the U.S. Agricultural products, which are heavily subsidized by the US government are not exportable to China due the existing trade war, how does this affect:
1) the U.S. farmers
2) the American tax payer
3) short term food supply in America
4) long term food supply in America
Discuss each in detail.
5) Assuming that China seeks its food supply from Africa, do you think that China might get cheaper agricultural products from Africa and as a result, America, but not China will be on the losing side?
In: Economics
Appendix 1: Financial Statements From an End-of-Period Spreadsheet
Alert Security Services Co. offers security services to business clients.
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 |
|||||||||||||
Adjusted Trial Balance | Income Statement | Balance Sheet | |||||||||||
Account Title | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | |||||||
Cash | 223 | ||||||||||||
Accounts Receivable | 1,637 | ||||||||||||
Supplies | 74 | ||||||||||||
Prepaid Insurance | 56 | ||||||||||||
Land | 1,860 | ||||||||||||
Equipment | 744 | ||||||||||||
Accum. Depr.-Equipment | 149 | ||||||||||||
Accounts Payable | 670 | ||||||||||||
Wages Payable | 74 | ||||||||||||
Common Stock | 40 | ||||||||||||
Retained Earnings | 3,195 | ||||||||||||
Dividends | 149 | ||||||||||||
Fees Earned | 1,823 | ||||||||||||
Wages Expense | 446 | ||||||||||||
Rent Expense | 223 | ||||||||||||
Insurance Expense | 186 | ||||||||||||
Utilities Expense | 130 | ||||||||||||
Supplies Expense | 112 | ||||||||||||
Depreciation Expense-Equip. | 74 | ||||||||||||
Miscellaneous Expense | 37 | ||||||||||||
5,951 | 5,951 |
Prepare an income statement for Alert Security Services Co.
Alert Security Services Co. | ||
Income Statement | ||
For the Year Ended October 31, 20Y3 | ||
$ | ||
Expenses: | ||
$ | ||
Total expenses | ||
$ |
Prepare a statement of stockholders’ equity for Alert Security Services Co. During the year ended October 31, 20Y3, common stock of $6 was issued. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign.
Alert Security Services Co. | |||
Statement of Stockholders’ Equity | |||
For the Year Ended October 31, 20Y3 | |||
Common Stock | Retained Earnings | Total | |
$ | $ | $ | |
$ | $ | $ |
Prepare a balance sheet for Alert Security Services Co.
Alert Security Services Co. | |||
Balance Sheet | |||
October 31, 20Y3 | |||
Assets | |||
Current assets: | |||
$ | |||
Total current assets | $ | ||
Property, plant, and equipment: | |||
$ | |||
$ | |||
Total property, plant, and equipment | |||
Total assets | |||
Liabilities | |||
Current liabilities: | |||
$ | |||
Total liabilities | $ | ||
Stockholders' Equity | |||
$ | |||
Total stockholders' equity | |||
Total liabilities and stockholders' equity | $ |
In: Accounting
After watching Frontline’s Endgame: AIDS in Black America, answer the following questions in a separate Word document and attach it below. Be sure to include very obvious headers for each question answered.
What was your knowledge of the impact of the HIV/AIDS epidemic on the African American community prior to watching this film?
In: Biology
LVHM acquires Tiffany
What drives the need for the company to consider merger and acquisitions? Is that a good time to be engaged in merger and acquisition transaction and why?
In: Accounting
An author argues that more American-born baseball players have birth dates in the months immediately following July 31 because that was the age cutoff date for nonschool baseball leagues. The table below lists months of births for a sample of American-born baseball players and foreign-born baseball players. Using a 0.01 significance level, is there sufficient evidence to warrant rejection of the claim that months of births of baseball players are independent of whether they are born in America? Do the data appear to support the author's claim?
Jan. |
Feb. |
March |
April |
May |
June |
July |
Aug. |
Sept. |
Oct. |
Nov. |
Dec. |
||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Born in America |
387 |
327 |
363 |
343 |
334 |
313 |
315 |
503 |
422 |
436 |
397 |
369 |
|
Foreign Born |
100 |
81 |
85 |
81 |
95 |
83 |
59 |
92 |
70 |
101 |
103 |
82 |
Identify the test statistic.
Identify the P-value.
State the final conclusion that addresses the original claim.
In: Statistics and Probability
Outline how the early settlers in the New World like Benjamin Franklin laid the foundation of an American business culture focused on innovation and entrepreneurship. Please, include References. Thank you
In: Economics
Discuss how early American history related or compared to real-world situations like political issues of today's time. Your response must be at least 200 words in length
In: Operations Management
The Dunkers of Pennsylvania are members of a religious sect, about 50 of whom emigrated from Germany in the early 1700's. They have remained relatively isolated ever since. The frequency of blood group A in this small group is around 60% while in German and American populations generally, the frequency is 40%. The AB(IB) allele is absent in the Dunkers but comprises about 15% of the alleles in both German and American populations. Construct an inference to account for the differences in gene frequencies among the Dunkers as compared to American and German populations.
In: Biology