Can annual sports team revenues be used to predict franchise values?
Team Revenue ($mil) Value ($mil)
Team 1 554 2806
Team 2 676 3437
Team 3 371 1333
Team 4 628 3202
Team 5 559 1852
Team 6 312 691
Team 7 342 858
Team 8 355 851
Team 9 394 869
Team 10 219 482
Team 11 258 579
Team 12 224 513
Team 13 516 414
Team 14 203 347
Team 15 156 329
Team 16 177 326
Team 17 162 307
Team 18 332 599
Team 19 411 863
Team 20 157 296
A. At the 0.05 level of significance, is there evidence of a linear relationship between the annual revenues generated and the value of a soccer franchise?
- The null and alternative hypotheses ?
- The value is?
- the test statistic is ?
B. Construct a 95% confidence interval estimate of the mean value of all soccer franchises that generate $300 million of annual revenue.
C. Construct a 95% prediction interval of the value of an individual soccer franchise that generates $300 million of annual revenue.
In: Statistics and Probability
aughn Manufacturing reported these income statement data for a 2-year period. 2017 2016 Sales revenue $246,700 $190,450 Beginning inventory 43,240 35,100 Cost of goods purchased 211,980 173,640 Cost of goods available for sale 255,220 208,740 Less: Ending inventory 56,720 43,240 Cost of goods sold 198,500 165,500 Gross profit $48,200 $24,950 Vaughn Manufacturing uses a periodic inventory system. The inventories at January 1, 2016, and December 31, 2017, are correct. However, the ending inventory at December 31, 2016, is overstated by $7,770. Prepare correct income statement data for the 2 years. 2016 2017 Sales $ $ Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold Gross profit $ $ LINK TO TEXT What is the cumulative effect of the inventory error on total gross profit for the 2 years? The cumulative effect on total gross profit for the two years is $ . Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
In: Accounting
1
A.Mention some misstatement of fraud risk in revenue cycle!
B.Mention some analytical procedure ratio related to inventory and payment cycle!
C.Why cash is considered as high inherent risk?
D.What is the different between disposal and impairment of non current (fixed) asset?
E.Mention some test of control regarding inventory and payment cycle!
F.Provide example of each management fraud and employee fraud regarding cash account!
In: Accounting
Multiple-Step Income Statement
Use the following information to prepare a multiple-step income
statement, including the revenue section and the cost of goods sold
section, for Sauter Office Supplies for the year ended December 31,
20--.
| Sales | $156,876 |
| Sales Returns and Allowances | 2,344 |
| Sales Discounts | 4,155 |
| Interest Revenue | 419 |
| Merchandise Inventory, January 1, 20-- | 27,769 |
| Purchases | 112,094 |
| Purchases Returns and Allowances | 5,517 |
| Purchases Discounts | 2,710 |
| Freight-In | 870 |
| Merchandise Inventory, December 31, 20-- | 33,028 |
| Wages Expense | 27,611 |
| Supplies Expense | 744 |
| Phone Expense | 888 |
| Utilities Expense | 7,988 |
| Insurance Expense | 1,294 |
| Depreciation Expense—Equipment | 3,809 |
| Miscellaneous Expense | 584 |
| Interest Expense | 4,692 Sauter Office SuppliesIncome StatementFor Year Ended December 31, 20--Revenue from sales:Sales $Less sales returns and allowances $Less sales discounts Net sales $Cost of goods sold:Merchandise inventory, January 1, 20-- $Purchases $Less purchases returns and allowances $Less purchases discounts Gross profit $Add freight-in $ $Operating expenses: $ Total operating expenses $Other revenues: $Other expenses: $ |
In: Accounting
Can annual sports team revenues be used to predict franchise values?
Team Revenue ($mil) Value ($mil)
Team 1 552 2815
Team 2 677 3436
Team 3 372 1329
Team 4 625 3198
Team 5 557 1847
Team 6 313 691
Team 7 339 856
Team 8 354 849
Team 9 396 867
Team 10 219 483
Team 11 257 581
Team 12 225 514
Team 13 516 415
Team 14 203 348
Team 15 154 328
Team 16 176 327
Team 17 161 308
Team 18 333 599
Team 19 413 864
Team 20 156 296
A. Assuming a linear relationship, use the least-squares method to compute the regression coefficients b0 and b1.
B. Predict the mean value of a soccer franchise that generates $200 million of annual revenue.
In: Statistics and Probability
A very successful car washing shop has roughly 2.4 million dollar revenue every year. Since this is quite a large amount of money for a car washing shop, the IRS (tax people) wants to check whether this establishment is laundering money (sounds familiar?); however, due to the limited resources, they want to be 95% confident in their decision; thus, they send an investigator to record the daily number of customers and record down how much that each customers have to pay on average for the service. The investigator came back and reported that there are roughly 2,000 customers for the month and each one of them paying roughly 80 dollars on average for the services with a standard deviation of 30 dollars. Given this information, what is the approximate probability that the car washing shop can achieve it current claimed revenue and what would be your conclusion here about the legitimacy of this car washing shop (i.e whether they are laundering money or not)?
In: Statistics and Probability
St. Peter’s acute care center had net income of $1,600,000 and revenue totaling $34,600,000. Its administrative expense was $7,500,000 and its interest expense was $760,000. Holy Cross acute care center had net income of $600,000 and revenue totaling $12,300,000. Its administrative expense was $1,900,000 and its interest expense was $135,300?
Which of the following is TRUE?
|
St. Peter's has a lower common-sized interest expense than Holy Cross. |
||
|
St. Peter's has a common-sized net income of 4.62% and a common-sized administrative expense of 5.8%. |
||
|
Holy Cross's common-sized administrative expense and interest expense are 15.45% and 1.1%, respectively . |
||
|
The two acute care centers' financial numbers are not comparable since St. Peter's is so much bigger than Holy Cross. |
UTSW Hospitals reported the following account balances (in thousands) for their budgeting cycle:
Administrative expenses $ 60,000
Net patient revenue 630,000
Marketing expenses 44,000
Salaries & Benefits expenses 475,000
How much is the Operating Margin % budgeted for UTSW Hospital ?
|
8.1% |
||
|
9.5% |
||
|
5.9% |
||
|
3.2% |
Rivercrest Hospitals reported the following account balances (in thousands) at June 2018:
Administrative expenses $ 66,000
Accounts receivable 110,000
Cash 30,000
Patient revenue 590,000
Selling expenses 44,000
Supplies Inventory 60,000
Cost of goods sold 445,000
Accounts Payable 80,000
Taxes Payable-Current 20,000
Based only on the above information, what is the Working Capital for Rivercrest Hospitals?
|
$170,000 |
||
|
$110,000 |
||
|
$210,000 |
||
|
$100,000 |
||
|
$75,000 |
What is the most likely step in the provider revenue cycle management process that would involve collecting cash payments from patients for their co-pay responsibility?
|
Recovery Room |
||
|
Scheduling |
||
|
Coding |
||
|
Registration |
plz and asap....
In: Accounting
|
Sales revenue |
580,000 |
|
Work in process inventory, Dec 31 |
22,000 |
|
Work in process inventory, Jan 1 |
30,000 |
|
Selling & administrative expense |
80,000 |
|
Purchase of raw material |
111,000 |
|
Raw material inventory, Dec 31 |
15,000 |
|
Raw material inventory, Jan 1 |
29,000 |
|
Labor (70% direct) |
120,000 |
|
Factory utilities |
22,000 |
|
Depreciation of factory equipment |
35,000 |
|
Finished goods inventory, Dec 31 |
22,000 |
|
Finished goods inventory, Jan 1 |
15,000 |
|
Indirect material used |
8,000 |
What is the prime cost for the year ended 31 December 2019? What is the conversion cost for the year ended 31 December 2019?
In: Accounting
Exercise 9-9 Prepare a Report Showing Revenue and Spending Variances [LO9-2]
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company’s costs:
| Fixed Cost per Month |
Cost per Car Washed |
||||||
| Cleaning supplies | $ | 0.80 | |||||
| Electricity | $ | 1,200 | $ | 0.15 | |||
| Maintenance | $ | 0.20 | |||||
| Wages and salaries | $ | 5,000 | $ | 0.30 | |||
| Depreciation | $ | 6,000 | |||||
| Rent | $ | 8,000 | |||||
| Administrative expenses | $ | 4,000 | $ | 0.10 | |||
For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed.
The actual operating results for August are as follows:
| Lavage Rapide | ||
| Income Statement | ||
| For the Month Ended August 31 | ||
| Actual cars washed | 8,800 | |
| Revenue | $ | 43,080 |
| Expenses: | ||
| Cleaning supplies | 7,560 | |
| Electricity | 2,670 | |
| Maintenance | 2,260 | |
| Wages and salaries | 8,500 | |
| Depreciation | 6,000 | |
| Rent | 8,000 | |
| Administrative expenses | 4,950 | |
| Total expense | 39,940 | |
| Net operating income | $ | 3,140 |
Required:
Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)
In: Accounting
Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to the products follow:
|
Product |
||||
| Weedban | Greengrow | |||
| Selling price per unit | $ | 12.00 | $ | 33.00 |
| Variable expenses per unit | $ | 2.60 | $ | 10.00 |
| Traceable fixed expenses per year | $ | 131,000 | $ | 47,000 |
Common fixed expenses in the company total $103,000 annually. Last year the company produced and sold 38,500 units of Weedban and 23,000 units of Greengrow.
Required:
Prepare a contribution format income statement segmented by product lines.
In: Accounting