IST analyzes the fish population of coastal alaska waters. each year they sample 100 fish and measure their weight. the table shows the mean fish weights for 2016, 2017, 2018. Assume a population standard deviation of 5lb. alpha = .05

Year. Mean salmon weight lb

2016: 18

2017: 19

2018: 23

A.) is the increase from 2016 to 2017 statistically significant. state test statistic and p-value, then answer the question.

B) is the increase from 2017 to 2018 statistically significant. state test statistic and p-value, then answer the question.

C) is the increase from 2016 to 2018 statistically significant. state test statistic and p value, then answer the question.

On October 1, 2016, Ball Company issued 7% bonds dated October 1, 2016, with a face amount of $310,000. The bonds mature in 12 years. Interest is paid semiannually on March 31 and September 30. The proceeds from the bond issuance were $320,168.62 to yield 6.60%. Ball Company has a December 31 fiscal year-end and does not use reversing entries.

Required:

Please explain solution. Thank you

​(Analyzing Profitability) In​ 2016, the Allen Corporation had sales of

$ 61$61

​million, total assets of

$ 50$50

​million, and total liabilities of

$ 20$20

million. The interest rate on the​ company's debt is

5.85.8

​percent, and its tax rate is

3535

percent. The operating profit margin is

1212

percent.

a. Compute the​ firm's 2016 net operating income and net income.

b. Calculate the​ firm's operating return on assets and return on equity.​ (Hint: You can assume that interest must be paid on all of the​ firm's liabilities.)

a. Compute the​ firm's 2016 net operating income and net income.

The​ firm's 2016 net operating income is _ million. ​ (Round to two decimal​ places.)

On January 1, 2016, Tiger Company purchased 6,720 shares of Eagle Corporation’s common stock when Eagle had 22,400 shares outstanding. On that date, the following information pertained to Eagle:

Eagle Corporation
Balance Sheet
January 1, 2016

Depreciable Assets (remaining life, 8 years)
Book Value     Fair Value
$600,000.00   $620,000.00
Other non-depreciable assets
290,000.00      300,000.00
Total
$890,000.00    $920,000.00
Liabilities
$300,000.00     $330,000.00
Shareholders’ equity
590,000.00
Total
$890,000.00

During 2016, Eagle earned net income of $120,000 and paid total dividends of $48,000.

Required:
Prepare the journal entries of Tiger related to its share of Eagle’s net income and dividends in 2016.

Problem 2

A random sample of 41 business days, from 2016 through 2017, of the closing price of Apple stock is conducted. The sample produces an average closing price of $116.16 with a standard deviation of $10.27.

1. Verify the requirements for the confidence interval.
2. For a 95% confidence interval, find the margin of error for the true average closing price of Apple stock from 2016 through 2017.
3. Interpret a 95% confidence interval for the true average closing price of Apple stock from 2016 through 2017.
4. Respond to the statement that the true average closing price of Apple stock from 2016 through 2017 was less than $125 . Make your response understandable to someone not in the class

P8-9 Milford Company determined its ending inventory at cost and at lower of cost and net realizable value at December 31, 2015, 2016, and 2017, as follows:

Cost Lower of Cost and Net Realizable Value

Dec. 31, 2015 $60,000 $60,000

Dec. 31, 2016 79,000 74,500

Dec. 31, 2017 78,800 69,000

Instructions (a) Prepare the journal entries that are required at December 31, 2016 and 2017, assuming that a periodic inventory system and the direct method of adjusting to NRV are used. (b) Prepare the journal entries that are required at December 31, 2016 and 2017, assuming that a periodic inventory system is used, with inventory recorded at cost and reduced to NRV through the use of an allowance account.

Wyhowski Inc. reported income from operations, before taxes, for 2015-2017 as follows:

When calculating income, Wyhowski deducted depreciation on plant equipment. The equipment was purchased January 1, 2015, at a cost of $114,000. The equipment is expected to last three years and have a(n) $9,000 salvage value. Wyhowski uses straight-line depreciation for book purposes. For tax purposes, depreciation on the equipment is $66,000 in 2015, $26,000 in 2016, and $13,000 in 2017. Wyhowski's tax rate is 35%.

Required:

Enter all amounts as positive numbers.

1. How much did Wyhowski pay in income tax each year? If required, round all calculations to the nearest dollar.

2. How much income tax expense did Wyhowski record each year?

3. What is the balance in the Deferred Income Tax account at the end of 2015, 2016, and 2017? If your answer is zero, enter "0". If required, round all calculations to the nearest dollar.

Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.3% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2002 and is expected to retire at the end of 2036 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $87,000 at the end of 2016 and the company's actuary projects her salary to be $265,000 at retirement. The actuary's discount rate is 9%. (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.) Required: 1. What is the company's projected benefit obligation at the beginning of 2016 (after 14 years' service) with respect to Davenport? 2. Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2016 service. 3. What is the company's service cost for 2016 with respect to Davenport? 4. What is the company's interest cost for 2016 with respect to Davenport? 5. Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2016 (after 15 years' service) with respect to Davenport.

Referral Date: January 7, 2017 Security: Acme, Corp. (Ticker: ACME) Referral: On October 31, 2016, Acme, Corp (“Acme”) announced its earnings news for the quarter-ended September 30, 2016 (the “Announcement”). The news was announced before the markets opened. The closing price of Acme on the previous trading day, October 28, 2016, was $15.24 per share. The closing price of Acme on October 31, 2016, was $23.14 per share. Acme had announced on September 30, 2016 that it would disclose its earnings numbers by October 31, 2016. Acme is represented in corporate matters by the “Law Firm, LLP.” “The Accounting Firm, LLP,” audits and reviews Acme’s financial statements. “The Investment Bank Corp.” facilitates capital raises for Acme. FINRA reviewed trading in advance of the Announcement and discovered the following:

1. John Doe, age 47, bought 20,000 shares of Acme on October 20, 2016. Doe opened his brokerage account in 2010 at E*Trade Financial Corp. Based on FINRA’s review of the trading records, has bought or sold Acme stock ahead of each of the previous eight earnings announcements.

2. Jane Smith, age 25, bought 20,000 call options at a strike price of $17.00 per share. The exercise date of the call options is October 15, 2016. The call options expire on November 15, 2016. This means that Smith has the right to buy Acme stock at $17.00 per share (regardless of the actual stock price) between October 15 and November 15, 2016. Smith’s brokerage account is held at Scottrade, Inc. Based on a review of trading records, Smith had not previously purchased Acme’s stock. Questions:

1. What SEC statutory sections and rules might be impacted by this conduct?

2. What statutory sections might be subject to DOJ enforcement?

3. What documents, if any, would you request? a. Generate at least subpoenas for documents: i. To whom would you send each subpoena? ii. List the documents you want (and explain why). 4. What questions would you ask, and of whom? a. Generate at least two outlines containing questions for people from whom you want to gather information.