The American Bankers Association reported that, in a sample of 150 consumer purchases in France, 74 were made with cash, compared with 28 in a sample of 60 consumer purchases in the United States.

Construct a 99 percent confidence interval for the difference in proportions. (Round your intermediate value and final answers to 4 decimal places.)

The 99 percent confidence interval is from to _____ . _____

These are a list of the transactions I have from playing Monopoly. I need to create a balance sheet, income statement, and cash flow.

STOCK- Issued $1500 common stock

LAND/STOCK- $600 issued for purchase of Land

1 RENT REVENUE- $16.00 From New York Ave

2 CONSULTING REV(ACCTS REC.) - Collected $200 for passing Go

3 LAND - Purchase Kentucky Ave $220.00

4 RENT EXPENSE - $200.00 for landing on Railroad

5 CONSULTING REV(ACCTS REC.) - Collected $200 for passing Go

6 DIVIDENDS - Paid $200 to bank for landing on Income Tax

7 RENT REVENUE - $2.00 from Mediterranean Ave.

8 UTILITIES - Purchase Electric Company $150.00

9 INVESTMENT INCOME - Earned $20.00 from Electric Company

10 RENT EXPENSE - $26.00 for landing on Pacific Ave.

11 RENT REVENUE - $16.00 from New York Ave.

12 DIVIDENDS - Paid $75.00 for Luxury Tax

13 CONSULTING REVENUE - $200.00 For Passing Go

14 LAND - Purchased Oriental Ave. for $100.00

15 RENT REVENUE - Movie Company to use property as set, collected $200.00

16 LAND - Purchased Atlantic Ave. for $200.00

17 LAND - Purchased Indiana Ave. for $200.00

18 BUILDINGS - Purchased a house for Kentucky Ave. For $150.00 19 DIVIDENDS - Paid $75.00 for Luxury Tax

20 CONSULTING REVENUE - $200.00 For Passing Go

21 TRAVEL EXPENSE - Paid $100 for landing on Pacific Railroad

22 RENT REVENUE - $40 from Illinois Ave.

23 BUILDINGS - Purchased a house for Indiana Ave. For $150.00

24 RENT EXPENSE - Paid $12.00 from landing on Virginia Ave.

25 RENT EXPENSE - Paid $14.00 for landing on St. James Place

26 RENT REVENUE - Earned $10 from States Ave.

27 RENT EXPENSE - Paid $56.00 for landing on Pennsylvania Ave.

28 RENT REVENUE - Earned $90 from Kentucky Ave.

29 CONSULTING REVENUE - $200.00 For Passing Go

30 TRAVEL EXPENSE - Paid $100 for landing on Pacific Railroad

31 RENT REVENUE - Earned $90.00 from Indiana Ave.

32 RENT EXPENSE - Paid $56.00 for landing on Pennsylvania Ave.

33 DIVIDENDS - Paid $75.00 for Luxury Tax

34 FINE EXP - Paid $50.00 Fee to get out of Jail

A suburban hotel derives its revenue from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupied on a nightly basis and the revenue per day in the restaurant. Below is a sample of 25 days (Monday through Thursday) from last year showing the restaurant income and number of rooms occupied.

a. Choose the scatter diagram that best fits the data.

b. Determine the coefficient of correlation between the two variables. (Round your answer to 3 decimal places.)

1. c-1. State the decision rule for 0.01 significance level: H₀: ρ ≤ 0; H₁: ρ > 0. (Round your answer to 3 decimal places.)

1. c-2. Compute the value of the test statistic. (Round your answer to 2 decimal places.)

1. c-3. Is it reasonable to conclude that there is a positive relationship between revenue and occupied rooms? Use the 0.01 significance level.

d.

4. What percent of the variation in revenue in the restaurant is accounted for by the number of rooms occupied? (Round your answer to 1 decimal place.)

Entity A sold Product C to Entity B for many years. In order to expand its market, recently, Entity A promoted a new product, i.e. Product D. On 1 January 2020, Entity A sold 20,000 units of Product D to Entity B at a price of $88 per unit. Cash was received when control of products transferred to Entity B.

According to the contract between Entity A and Entity B, Entity A agreed with Entity B returning unused products at full price within 2 months, i.e. on or before 29 February 2020.  The costs of each Product C and Product D are $55 and $48 respectively.

Entity A learnt much experience in selling Product C with different customers and estimated that 6% of Product C was commonly returned by Entity B. However, Product D is a new product, therefore Entity A did not have such experience on selling Product D. Based on the good business relationship with Entity B, Entity A estimated the return rate of Product D as a triple of the return rate of Product C.

On 29 February 2020, Entity B returned 1,600 units of Product D to Entity A. Due to a cash shortage, Entity A only repaid $50,000 back to Entity B and promised to settle the unpaid balance on or before 31 March 2020. Finally, Entity A only settled 80% of the unpaid balance on 31 March 2020.

REQUIRED:

Provide journal entries for Product D from 1 January 2020 to 31 March 2020 in accordance with relevant accounting standards.

ACCOUNT NAMES FOR INPUT:

| Road roller | Plant | Machine | Motor van | Land | Building | Inventory | Intangible assets |

| Bank | Payable | Receivable | Other income | Other expense | Interest expense | Interest revenue |

| Depreciation | Accum. depreciation | Impairment loss | Reversal of impairment loss | Goodwill |

| Loss on disposal | Gain on disposal | Restoration liability | Revaluation surplus | Revaluation deficit |

| Asset for product to be returned | Commission expense | Commission revenue | Revenue |

| Cost of sales | Refund liability | Contract asset | Contract liability | Retained earnings | No entry |

ANSWERS:

Journal Entries:

A sports researcher gave a standard questionnaire of eating habits to 12 randomly selected male professional athletes, four each from baseball, football, and basketball. The results were:

Baseball: 34, 18, 21, 65

Football: 27, 28, 67, 42

Basketball: 35, 44, 47, 61

Is there a significant difference in eating habits among professionals in the three sports? (Use the .05 sig level.)

Find the binding energy per nucleon in J and eV for the three following isotopes, given their atomic masses in u:
¹⁹₅B   boron   19.06373 u

a) ______________×10^-12J ____________MeV


³³₁₄Si   silicon   32.97800017 u
b) ______________×10^-12J ____________MeV


²²₆C   carbon   22.0572097 u
c) ______________×10^-12J ____________MeV

^mproton=1.007276466 u
^mneutron=1.008664915 u
u=1.6605×10−27 kg

Month of May

Required:

Record and post the appropriate adjusting entries for the month.

​(a) Construct a​ 95% confidence interval for the proportion of adults from the

WestWest

who say traffic congestion is a serious problem.The​ 95% confidence interval for the proportion of adults from the

WestWest

who say traffic congestion is a serious problem is

​(nothing​,nothing​).

​(Round to three decimal places as​ needed.)

​(b) Construct a​ 95% confidence interval for the proportion of adults from the

SouthSouth

who say traffic congestion is a serious problem. The​ 95% confidence interval for the proportion of adults from the

SouthSouth

who say traffic congestion is a serious problem is

​(nothing​,nothing​).

​(Round to three decimal places as​ needed.)

Part 1: Using the company profile below, identify TWO material misstatement risks- either at the entity-level (i.e. risk of material misstatement at the overall financial statement level) or account assertion level. For each account or entity-level risk identified, briefly describe why it qualifies as risky.

Part 2: Using the comparative financial information given in the next tab, identify THREE specific account-related misstatement risks. For each risk, briefly describe why it qualifies as a risk and the related accounts and assertions that potentially may be violated.

Company Profile: Your audit firm has been engaged to issue an opinion on the financial statements of CNX Corporation which sells and leases office equipment. Initially, CNX focused on selling and leasing copiers but CNX is finding that its customers, as is the general trend, are becoming increasingly paperless and adopting cloud computing as opposed to maintaining their own servers. This change in the business environment has hurt CNX’s sales of copiers, printers, and computer servers, and CNX is feeling the need to shift to selling cloud computing solutions on a subscription basis to better serve its customers. CNX's revenue has been declining over the past 3 years, but this was the first year that CNX experienced a net loss. In response, the CEO Darren Paul, issued a press release stating, “Our repositioning will necessarily require some additional expenses in the initial years, but we are confident that it will set the stage for CNX to exploit the explosive growth in cloud computing solutions." CNX benefits from its long established relationships with its exisiting customers, giving it an advantage over other companies in the same industry; however, cloud-based software companies are increasingly establishing their own sales forces to sell directly to customers. CNX has a reputation for being a good corporate citizen, and the CEO and CFO serve on the boards of major charities. CNX has had the same accounting team in place for the past ten years and has lower than average employee turnover throughout its ranks. This is your firm's eighth audit of CNX. There have been no disagreements over accounting issues in any of the previous audits.

Case Scenario Analysis:

Managing risks in construction projects has been recognized as a very important management process in order to achieve the project objectives in terms of time, cost, quality, safety and environmental sustainability. A study aims to identify and analyze the risks associated with the development of construction projects from project stakeholder and life cycle perspectives. The study identified following risk factors.

1.Tight project schedule

2.High performance/quality expectations

3.Low management competency of subcontractors

4.Incomplete or inaccurate cost estimate

5.Lack of coordination between project team members

6.Unavailability of sufficient professionals and managers

7.Serious air pollution and noise caused by construction activities

Develop understanding on how and on what level three factors of your choice can generate risk in achieving project objectives. Finally, identify a set of measures that you as a project manager would like to plan and implement to reduce risk and ensure achievement of project objectives and contribute in business development.

Hint: Your answer should include the way the factor develop risk in the achievement of project objectives and its level. Finally, you need to develop measures or actions you would like to implement to manage and/or minimize the risk.