Questions
With double-digit annual percentage increases in the cost of health insurance, more and more workers are...

With double-digit annual percentage increases in the cost of health insurance, more and more workers are likely to lack health insurance coverage (USA Today, January 23, 2004). The following sample data provide a comparison of workers with and without health insurance coverage for small, medium, and large companies. For the purposes of this study, small companies are companies that have fewer than 100 employees. Medium companies have 100 to 999 employees, and large companies have 1000 or more employees. Sample data are reported for 50 employees of small companies, 75 employees of medium companies, and 100 employees of large companies.

Size of Company Yes No Total
Small 39 11 50
Medium 69 6 75
Large 90 10 100

1. Compute the X2  test statistic:

2. What is the P-Value? (Using a Chi-Square table)

3.What can we conclude?

4. The USA Today article indicated employees of small companies are more likely to lack health insurance coverage. Calculate the percentages of employees without health insurance based on company size (to the nearest whole number).

Small %
Medium %
Large %

5. Based on the Calculated percentages, what can we conclude?

In: Statistics and Probability

First read the following NYTimes article by Mr. Thomas Friedman (2005) titled "It's a Flat World,...

First read the following NYTimes article by Mr. Thomas Friedman (2005) titled "It's a Flat World, After All"  https://www.nytimes.com/2005/04/03/magazine/its-a-flat-world-after-all.html

Finally, imagine that you are leading a course for employees to assist in your current/future company’s expansion into a new country. Use a clear example to develop an explanation of the term globalization as it applies to international business for your employees. You should use one paragraph to define the term globalization in your own words based on your understanding from the above article and video, followed by a second paragraph to describe your specific example.

In: Economics

The following information is used for the following two questions. Ping and Slazenger Company (its 90%...

The following information is used for the following two questions. Ping and Slazenger Company (its 90% owned affiliate) reported the following income information for year X1: Ping Slazenger Revenue 300,000 100,000 Cost of Sales 120,000 40,000 Selling, General, and Adm Expenses 40,000 20,000 Depreciation 20,000 10,000 Investment Income ? Total Net Income ? 30,000 During Year X1, Slazenger made sales of $20,000 to Ping. Slazenger’s Cost of Sales was $10,000. As of 12/31/X1, Ping had still owned 60% of the units acquired from Slazenger. Based on this information, how much Consolidated Income should Ping report? Select one: a. $140,000 b. $144,000 c. $146,000 d. $150,000 e. None of the Above

The next two questions are based on the following information: Assume that Meridian Company acquired 1,000 shares of of Slim Company's common stock for $10 per share on 1/1/X1 and adopted the fair value (FV) accounting method. On 1/1/X1, Slim had 10,000 shares outstanding and its equity book value included $50,000 Capital Stock and $50,000 of Retained Earnings. During year X1, Slim reported a $50,000 net income and paid dividends of $1 per share. on 12/31/X1, Slim's stock traded at $16 per share. How much investment income should Meridian recognize in year X1?

Select one:

a. $1,000

b. $5,000

c. $6,000

d. $7,000

e. None of the Above

Question 22

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This question is a continuation of the previous question about Meridian and Slim. On 1/1/X2, Meridian purchased 5,000 shares of Slim stock for $17 per share and elected Meridian's CEO and CFO to Slim's Board of Directors. An appraisal of Slim's assets could not identify any asset groups that were mis-valued. During year X2, Slim reported earnings per common share of $6 and paid a dividend of $1 per share. On 12/31/X2, Slim stock traded at $21 per share. Based on this information, Meridian's investments in Slim should be reported at which of the following amounts on 12/31/X2?

Select one:

a. $125,000

b. $131,000

c. $132,000

d. $138,000

e. None of the Above

In: Accounting

One can find out date of the month when someone was born by asking five questions....

One can find out date of the month when someone was born by asking five questions. Each question asks whether the day is in one of the five sets of numbers below

1 3 5 7          2 3   6   7             4 5   6 7             8 9 10 11           16 17 18 19

9 11 13 15                  10 11 14 15          12 13 14 15          12 13 14 15          20 21 22 23

17 19 21 23                18 19 22 23          20 21 22 23          24 25 26 27          24 25 26 27

25 27 29 31                26 27 30 31          28 29 30 31          28 29 30 31          28 29 30 31

   Set1                              Set 2                      Set 3                    Set 4                    Set 5         

The birthday is the sum of the first numbers in the set where the day appears. For example, if the birthday is 19, it appears in Set 1, Set 2, and Set 5.

The first numbers in these three sets are 1, 2, and 16 whose sum is 19.

Write a C++ program using arrays that prompts the user to answer whether the day is in Sets 1‐5. If the number is in the particular set, the program adds the first number in the sets to calculate the day of the month. An array must be used in the problem. Refer to the sample output below.

Sample Run:

Is your birthday in Set 1?

1 3    5    7

9   11 13 15

17 19 21 23

25 27 29 31

Enter 0 for No and 1 for Yes: 1

Is your birthday in Set 2?

2 3 6 7

10 11 14 15

18 19 22 23

26 27 30 31

Enter 0 for No and 1 for Yes: 1

Is your birthday in Set 3?

4 5   6   7

12 13 14 15

20 21 22 23

28 29 30 31

Enter 0 for No and 1 for Yes: 1

Is your birthday in Set 4?

8 9 10 11

12 13 14 15

24 25 26 27

28 29 30 31

Enter 0 for No and 1 for Yes: 0

Is your birthday in Set 5?

16 17 18 19

20 21 22 23

24 25 26 27

28 29 30 31

Enter 0 for No and 1 for Yes: 0

Your birthday is on day: 7

In: Computer Science

Net Present Value MethodA series of equal cash flows at fixed intervals.—Annuity Briggs Excavation Company is...

  1. Net Present Value MethodA series of equal cash flows at fixed intervals.—Annuity

    Briggs Excavation Company is planning an investment of $153,700 for a bulldozer. The bulldozer is expected to operate for 1,000 hours per year for seven years. Customers will be charged $130 per hour for bulldozer work. The bulldozer operator costs $34 per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $10,000. The bulldozer uses fuel that is expected to cost $45 per hour of bulldozer operation.

    Present Value of an Annuity of $1 at Compound Interest
    Year 6% 10% 12% 15% 20%
    1 0.943 0.909 0.893 0.870 0.833
    2 1.833 1.736 1.690 1.626 1.528
    3 2.673 2.487 2.402 2.283 2.106
    4 3.465 3.170 3.037 2.855 2.589
    5 4.212 3.791 3.605 3.352 2.991
    6 4.917 4.355 4.111 3.784 3.326
    7 5.582 4.868 4.564 4.160 3.605
    8 6.210 5.335 4.968 4.487 3.837
    9 6.802 5.759 5.328 4.772 4.031
    10 7.360 6.145 5.650 5.019 4.192

    a. Determine the equal annual net cash flows from operating the bulldozer. Use a minus sign to indicate cash outflows.

    Briggs Excavation
    Equal Annual Net Cash Flow
    Cash inflows:
    • Fuel and labor costs per year
    • Hours of operation
    • Maintenance costs per year
    • Total fuel and labor costs per hour
    • Fuel and labor costs per year
    • Fuel cost per hour
    • Labor cost per hour
    • Revenue per hour
    $
    • Fuel and labor costs per year
    • Fuel cost per hour
    • Labor cost per hour
    • Revenue per year
    $
    Cash outflows:
    • Fuel and labor costs per year
    • Hours of operation
    • Maintenance costs per year
    • Total fuel and labor costs per hour
    • Annual net cash flow
    • Fuel cost per hour
    • Revenue per year
    • Revenue per hour
    $
    • Annual net cash flow
    • Labor cost per hour
    • Revenue per year
    • Revenue per hour
    • Annual net cash flow
    • Total fuel and labor costs per hour
    • Revenue per year
    • Revenue per hour
    $
    • Annual net cash flow
    • Fuel and labor costs per year
    • Revenue per year
    • Revenue per hour
    • Annual net cash flow
    • Maintenance costs per year
    • Revenue per year
    • Revenue per hour
    • Annual net cash flow
    • Hours of operation
    • Revenue per year
    • Revenue per hour
    $

    Feedback

    b. Determine the net present value of the investment, assuming that the desired rate of return is 20%. Use the The sum of the present values of a series of equal cash flows to be received at fixed intervals.present value of an annuity of $1 table above. Round to the nearest dollar. If required, use the minus sign to indicate a negative net present value.

    Present value of annual net cash flows $
    Amount to be invested $
    Net present value $

    c. Should Briggs Excavation invest in the bulldozer, based on this analysis?

    • Yes
    • No
    , because the bulldozer cost is
    • less than
    • more than
    the present value of the cash flows at the minimum desired rate of return of 20%.

    d. Determine the number of operating hours such that the present value of cash flows equals the amount to be invested. Round interim calculations and final answer to the nearest whole number.

    hours

In: Accounting

Consider the following production and cost data for two products, L and C: Product L Product...

Consider the following production and cost data for two products, L and C:

Product L Product C
  Contribution margin per unit $27           $22          
  Machine-hours needed per unit 3 hours 2 hours


The company can only perform 14,500 machine hours each period, due to limited skilled labor and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period?

Multiple Choice

  • $145,000

  • $149,750

  • $159,500

  • $174,000

In: Accounting

The population of Egypt in 2002 was 73,312,600 and was 78,887,000 in 2006. Assume the population...

The population of Egypt in 2002 was 73,312,600 and was 78,887,000 in 2006. Assume the population of Egypt grew exponentially over this period.

  1.   Determine the 4-year growth factor and percent change.


  1. Determine the 1-year growth factor and percent change.


  1. Define a function that gives the population of Egypt in terms of the number of years that have elapsed since 2002.


  1. Re-write your function from part(c) so that it gives the population of Egypt in terms of the number of decades that have elapsed since 20002.


  1. Assuming Egypt’s population continued to grow according to this model, how long will it take for the population of Egypt to double?

In: Math

What is the regression model for the data? Is this a good model? Year 2006 =...

What is the regression model for the data? Is this a good model?

Year 2006 = 8,860 Students

2007 = 9,056

2008 = 9,050

2009 = 9,429

2010 = 9,407

2011 = 9,352

2012 = 9,608

2013 = 10,107

2014 = 10,382

2015 = 10,340

2016 = 10,805

2017 = 11,034

2018 = 11,639

In: Statistics and Probability

In 2006 the United States is at full employment. Then, in 2007: a. The real estate...

In 2006 the United States is at full employment. Then, in 2007:

a. The real estate market collapses. Illustrate with a graph the effect of this event on the aggregate economy. Identify the result in the unemployment rate, real GDP and the price level.

b. Oil producing countries cut production. Illustrate with a graph the effect of this event on the aggregate economy. Identify the result in the unemployment rate, real GDP and the price level.

In: Economics

Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost...

Entries and Schedules for Unfinished Jobs and Completed Jobs

Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations:

  1. Materials purchased on account, $2,460.
  2. Materials requisitioned and factory labor used:
    Job No. Materials Factory Labor
    101 $2,190 $2,990
    102 2,670 4,040
    103 1,770 1,970
    104 6,000 7,420
    105 3,810 5,650
    106 2,780 3,590
    For general factory use 740 4,430
  3. Factory overhead costs incurred on account, $4,180.
  4. Depreciation of machinery and equipment, $2,120.
  5. The factory overhead rate is $55 per machine hour. Machine hours used:
    Job No. Machine Hours
    101 23
    102 36
    103 38
    104 74
    105 31
    106 25
    Total 227
  6. Jobs completed: 101, 102, 103, and 105.
  7. Jobs were shipped and customers were billed as follows: Job 101, $7,730; Job 102, $10,430; Job 105, $16,910.

Required:

1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.

Entries Description Debit Credit
a. Materials
Accounts Payable
b. Work in Process
Factory Overhead
Materials
Wages Payable
c.
d.
e.
f.
g. Sale
g. Cost

2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month.

Work in Process
Bal.


Finished Goods
Bal.

3. Prepare a schedule of unfinished jobs to support the balance in the work in process account.

Hildreth Company
Schedule of Unfinished Jobs
Job Direct Materials Direct Labor Factory Overhead Total
$ $ $ $
Balance of Work in Process, April 30 $

4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account.

Hildreth Company
Schedule of Completed Jobs
Job Direct Materials Direct Labor Factory Overhead Total
$ $ $ $

In: Accounting