Bank of America’s Consumer Spending Survey collected data on annual credit card charges in seven different categories of expenditures: transportation, groceries, dining out, household expenses, home furnishings, apparel, and entertainment. Using data from a sample of 17 credit card accounts, assume that each account was used to identify the annual credit card charges for groceries (population 1) and the annual credit card charges for dining out (population 2). Using the difference data, the sample mean difference was $861, and the sample variance of the difference was $2,788,900. (PLZ DONT COPY AND PASTE FROM OTHER ANSWERS, THIS HAS DIFFERENT VARIABLES,, THANK YOUUU)

a. Formulate the null and alternative hypotheses to test for no difference between the population mean credit card charges for groceries and the population mean credit card charges for dining out.

b. Use a 0.05 level of significance. Can you conclude that the population means differ? What is the p‐value?

c. Which category, groceries or dining out, has a higher population mean annual credit card charge? What is the point estimate of the difference between the population means? What is the 95% confidence interval estimate of the difference between the population means?

KGB Security Ltd provides the following information at 30 June 2019 (the first year of operation of the company)

Statement of Financial Position (Balance Sheet)

As at 30 June 2019

Other Information:

• For the year ended 30 June 2019 the company made a net profit before tax of $500,000. Dividends of $170,000 were paid.
• Temporary differences include:

• Annual Leave – no payments made during the year
• Depreciation of Plant and Equipment for tax purposes $360,000
• Bad Debts written off $10,000 (against Allowance for Bad Debts)
• Prepayments (Previously paid in cash)

• Included in expenses for the year is entertainment expenses of $6,000.
• Assuming a tax rate of 30%.

Required:

1. Calculate the current tax liability at 30 June 2019.
2. Calculate the amount of deferred tax assets/liabilities at 30 June 2019.
3. Journal entry to record income tax for the year.

2. Answer these short questions below.

a. How might the auditor effectively use preliminary analytical procedures in the audit of various expense accounts, such as miscellaneous expenses? Give an example of how analytical procedures used in the audit of such accounts.

b. Explain why examining a sample of cash disbursements made after the end of the year is useful in determining the completeness of accounts payable.

c. The auditor often examines some expense accounts, such as legal expenses, in detail even if the account balance is not material. Explain why.

d. Why does the auditor examine travel and entertainment expenses? What would poor controls regarding executive reimbursements say about the tone at the top for purposes of evaluating and reporting on internal control?

.

3. Following is a list of substantive tests could be performed in auditing accounts payable cycle. Explain the understanding of the test, what is it used for, how it occurred, what acceptable level should be achieved, and what assertions could be addressed through the test.

a. Cut-off test of purchase and cash disbursement

b. Agree of monthly statements

c. Confirmation of major vendor in accounts payable listing

d. Review long-term purchase commitments

e. Review of unusual journal entries

As a prospective owner of a club known as the Red​ Rose, you are interested in determining the volume of sales dollars necessary for the coming year to reach the​ break-even point. You have decided to break down the sales for the club into four​ categories, the first category being beer. Your estimate of the beer sales is that 32000 drinks will be served. The selling price for each unit will average $ 1.50​; the cost is $ 1.25. The second major category is​ meals, which you expect to be 12000 units with an average price of $ 12.50 and a cost of $ 5.50. The third major category is desserts and​ wine, of which you also expect to sell 10000 ​units, but with an average price of $ 2.50 per unit sold and a cost of $ 1.00 per unit. The final category is lunches and inexpensive​ sandwiches, which you expect to total 22500 units at an average price of $ 6.00 with a food cost of $ 3.25. Your fixed cost​ (i.e., rent,​ utilities, and so​ on) is $ 2000 per month plus $ 2000 per month for entertainment.

​a) For Red​ Rose, the monthly​ break-even point in dollars​ = ​$ nothing per month ​(round your response to two decimal​ places).

b).What is the expected number of meals each day if you are open 30 days a month?

Bank of America's Consumer Spending Survey collected data on annual credit card charges in seven different categories of expenditures: transportation, groceries, dining out, household expenses, home furnishings, apparel, and entertainment. Using data from a sample of 42 credit card accounts, assume that each account was used to identify the annual credit card charges for groceries (population 1) and the annual credit card charges for dining out (population 2). Using the difference data, the sample mean difference was d= $850, and the sample standard deviation was $1123. a. Formulate the null and alternative hypotheses to test for no difference between the population mean credit card charges for groceries and the population mean credit card charges for dining out. b. Use .05 level of significance. Can you conclude that the population means differ? What is the p -value? (to 6 decimals) c. Which category, groceries or dining out, has a higher population mean annual credit card charge? What is the point estimate of the difference between the population means? Round to the nearest whole number. 850 What is the 95% confidence interval estimate of the difference between the population means? Round to the nearest whole number. (n1,n2)=

Kent owns a large 4 wheel drive vehicle which he uses for off road rallies and towing his boat. Kent parks the vehicle on the side of the road outside his house which is half way down a steep hill. One day he fails to put on the hand brake or ensure that the engine is in gear. A passing cyclist pauses for rest while climbing the hill and leans against Kent’s vehicle. This causes the vehicle to begin moving forward and within seconds it is rolling down the hill out of control at a speed of some 70kph. Albert is coming up the hill on his motor cycle and is forced to swerve to avoid Kent’s vehicle and crashes into a lamp post. Albert is not injured but his $30,000 motor cycle is written off. The vehicle continues to speed down the hill until it crashes into Cornwall’s house. The damage to the house amounts to some $50,000. Gloucester, who lives next door to Cornwall, is so shocked by the sound of the impact that he spills a glass of neat malt whiskey on to his entertainment centre which catches fire and burns down his $500,000 home.

Required:

Advise Kent, with reasons, whether he is liable for the losses suffered by Albert, Cornwall or Gloucester.

A few years ago, the Boston Globe reported that the city of Boston planned to spend $14 million to convert the FleetCenter sports arena and entertainment center into an appropriate venue for the Democratic National Convention (DNC). The city engaged Shawmut Design and Construction in a contractual relationship to complete the work, which was supposed to start 48 days prior to the commencement of the DNC on July 26. However, when negotiations between Boston’s mayor and the police union broke down, the Boston Police Patrolmen’s Association took to the picket lines surrounding the FleetCenter and prevented construction crews from beginning the work. The Globe reported that “a truck attempting to deliver steel turned around after a crowd of union members stood at a chain-link gate in front of the arena, shouting ‘back it up,’ and ‘respect the line, buddy.’” Moreover, the Globe reported that “On-duty police officers, who had been instructed to prevent pickets from restricting access, did not intervene.” Given the tight construction schedule, construction delays reportedly cost about $100,000 per day.

Identify the principal–agent problem in this situation. Did the mayor and the city of Boston face the classical “hold-up problem” or another problem? Explain.

social workers at an outreach center are responsible for maintaining the security and privacy of the residents who are in their care. the social workers often have the residents participate in activities online, such as web conferences and social media for games and entertainment. employees often share their mobile devices if residents do not have one for those functions. the outreach center recently moved to a BYOD policy to reduce costs while increasing employee acceptance of mobile devices. the compliance department issued several guidelines:

o resident privacy must be maintained.

o all corporate applications should be loaded under a single application icon.

o all resident case updates must be done using the corporate application.

Which of the following controls should IT implement to BEST meet the compliance need? (Select TWO).

A. Administrative control policy to inform residents to refrain from posting on social media.

B. Technical control for remote wipe capability to erase all data

C. Administrative control policy restricting the use of devices to the center only

D. Technical control to remove the geotagging feature from devices

E. Administrative control to require a PIN or passphrase to unlock the device

F. Technical control for an application blacklist to restrict social media.

1. Evaluate the following using the S.M.A.R.T. planning model and information in this section using the information below:

a. pay off student loan

b. buy a house and save for children's education

c. accumulate assets

d. retire

e. travel around the world in a sailboat.

Alice's assets may be a car worth about $5,000 and a savings account with a balance of $250. Debts include a student loan with a balance of $53,000 and a car loan with a balance of $2,700; these are shown below:

Alice's Financial Situation

ASSETS Car $5,000 Savings $250 Total $5,250

DEBTS Car Loan 2,700 Student Loan 53,000 Total 55,700

Her annual disposable income (after-tax income or take-home pay) may be $35,720, and annual expenses are expected to be $10,800 for rent and $14,400 for living expenses—food, gas, entertainment, clothing, and so on.

annual loan payments are $2,400 for the car loan and $7,720 for the student loan.

This is shown below:

Alice's Income and Expenses After tax income $35,720 Rent $10,800 Living expenses $14,400 Remaining for debt reduction and savings $10,520 students loan payments $7,720 car loan payments $2,400 remaining for savings $400

You have been accepted as a Junior Project Manager at Super IT Pty. Ltd. Your first task assigned by the Senior Project Manager is to select and prioritise the best mobile application project in response to COVID-19 and the second task assigned is to write the Project Scope of the chosen project.

These candidate projects include:

 Gaming or entertainment application for COVID-19 isolated patients.

 Mobile applications in support of contact tracing for COVID-19.

 Mobile application information to provide the latest update of COVID-19.

 Mobile health application to contact doctors.

 Chatting application or social media platform for COVID-19 patient and family.

You have decided to use Project Selection and Prioritisation Matrix to select the best project, and then you will write the Project Scope of it.

2.1 Explain three criteria used for your Project Selection and Prioritisation Matrix. Provide the reasons why you chose each criterion. [5 marks]

2.2 Draw the Project Selection and Prioritisation Matrix and explain how you are finally able to select the chosen project. [10 marks]

2.3 Write the Project Scope statements for your chosen project. [10 marks]

Please answers this ASAP