A corporation owns a chain of several hundred gas stations in the Atlantic provinces. The marketing director wants to test a proposed marketing campaign by running ads on some local radio stations and determining whether gas sales at a randomly selected sample of the company’s stations increase after the advertising. The following data represent gas sales in hundreds of dollars for a day before and two weeks after the advertising campaign.

Station 1 2 3 4 5 6 7

Before 485 418 434 422 423 421 446

After 504 424 465 413 418 442 420

(a) Does advertising on local radio stations increase gas sales by more than 5 hundreds of dollars for this corporation in the Atlantic provinces? Conduct appropriate analysis and make your conclusion. Use α = 0.05. (b) What assumptions, if any, need to be met satisfactorily for the inference in (a) to be valid? Are these assumptions reasonably satisfied?

2. Green Manufacturing, Inc., plans to announce that it will issue $2,000,000 of perpetual bonds and use these funds to repurchase equity. The bonds will have a 6-percent coupon rate. Green manufacturing currently is an all-equity firm. The current value of Green’s equity is $10,000,000 and there are 500,000 shares outstanding. After the sale of bonds and share repurchase, Green will maintain the new capital structure indefinitely. Under its current capital structure the expected annual pretax earnings for Green are $1,500,000, and these earnings are expected to remain constant into the foreseeable future. Green is in the 40-percent tax bracket.

1. What Green’s weighted average cost of capital before the debt issue?
2. Construct Green’s market-value balance sheet as it looks before the announcement of the debt issue.
3. Construct the market-value balance sheet after the announcement?
4. How many shares of stock will Green retire?
5. Construct the market-value balance sheet after the debt issue and share repurchase are completed.

The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr).

January 1, 2017 December 31, 2017

Accounts payable (18,000) (32,500)

Accounts receivable 51,000   101,000

Accumulated depreciation—buildings (42,000) (47,000)

Accumulated depreciation—equipment 0   (7,200)

Bonds payable—due 2020 (61,000) (61,000)

Buildings 131,000   103,500

Cash 57,000   10,200

Common stock (66,000) (76,000)

Depreciation expense 0   37,000

Dividends (10/1/17) 0   54,000

Equipment 0   61,000

Gain on sale of building 0   (8,200)

Rent expense 0   20,700

Retained earnings (52,000) (52,000)

Salary expense 0   42,000

Sales 0   (151,000)

Utilities expense 0   5,500

Additional Information

Agee issued additional shares of common stock during the year on April 1, 2017. Common stock at January 1, 2017, was sold at the start of operations in 2010.

Agee purchased buildings in 2011 and sold one building with a book value of Kr 22,500 on July 1 of the current year.

Equipment was acquired on April 1, 2017.

Relevant exchange rates for 1 Kr were as follows:

    2010 $2.75

2011 2.55

January 1, 2017 2.85

April 1, 2017 2.95

July 1, 2017 3.15

October 1, 2017 3.25

December 31, 2017 3.35

Average for 2017 3.05

Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $145,200, which included a remeasurement loss of $28,300.

Assuming the foreign currency is the functional currency, what is the translation adjustment for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $162,250, and a cumulative translation adjustment of $9,650 (credit balance).

(Input all answers as positive.)

1-Reasurement: Gain: ________________

2-Translation adjustment: Positive:______________

Problem 10-34 (LO 10-3, 10-4)

The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr).

January 1, 2017 December 31, 2017

Accounts payable (24,000 ) (31,500 )

Accounts receivable 45,000 95,000

Accumulated depreciation—buildings (36,000 ) (41,000 )

Accumulated depreciation—equipment 0 (6,600 )

Bonds payable—due 2020 (55,000 ) (55,000 )

Buildings 125,000 100,500

Cash 51,000 9,600

Common stock (60,000 ) (71,000 )

Depreciation expense 0 31,000

Dividends (10/1/17) 0 48,000

Equipment 0 46,000

Gain on sale of building 0 (7,600 )

Rent expense 0 18,100

Retained earnings (46,000 ) (46,000 )

Salary expense 0 36,000

Sales 0 (133,000 )

Utilities expense 0 7,500

Additional Information

*Agee issued additional shares of common stock during the year on April 1, 2017. Common stock at January 1, 2017, was sold at the start of operations in 2010.

*Agee purchased buildings in 2011 and sold one building with a book value of Kr 5,100 on July 1 of the current year.

*Equipment was acquired on April 1, 2017.

Relevant exchange rates for 1 Kr were as follows:

2010 $ 2.45

2011 2.25

January 1, 2017 2.55

April 1, 2017 2.65

July 1, 2017 2.85

October 1, 2017 2.95

December 31, 2017 3.05  

Average for 2017 2.75

a) Assuming the U.S. dollar is the functional currency, what is the remeasurement gain or loss for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $96,600, which included a remeasurement loss of $13,000.

b) Assuming the foreign currency is the functional currency, what is the translation adjustment for 2017? The December 31, 2016, U.S. dollar-translated balance sheet reported retained earnings of $112,500, and a cumulative translation adjustment of $10,800 (credit balance).

2. A circuit contains 3 resistors connected in series and no battery. It is a closed circuit and has dimensions of 18 cm by 42 cm. The resistor values are 12, 15 and 18 ohms. A magnetic field directed out of the plane of the circuit changes from 52 T to 0 T in 2.9 sec.

a. Sketch the circuit and indicate the direction of the initial magnetic field.

b. What is the magnetic flux through the circuit when the magnetic field is at its starting value? What is the flux when the field is at its final value?

c. What is the direction of the current in the circuit as the magnetic field is changing? Explain.

d. What is the induced emf and current in the circuit as the magnetic field is changing?

e. What is the direction of the current after the magnetic field reaches its final value?

A 10 L adiabatic container contains 0.1 mol of air, at a temperature of 250 K. It is closed by a stopcock. Ambient air is at 300 K at a pressure of 1 bar. The stopcock is opened for a moment and a certain amount of air penetrates into the container. After thermal equilibrium is reached inside the container, the gas temperature is measured to be 350 K. 1) Assuming that the air behaves as an ideal gas, find the initial pressure in the container, the number of moles of air that penetrated in the container, the sum of the internal energy changes for the gas inside the container and the gas that entered it and the final pressure inside. 2) Find the enthalpy and entropy changes of the gas that is inside the container at the end of the process. Use κ = Cp,mol/CV,mol = 7/5 and Cp,mol − CV,mol = R.

A closed and elevated vertical cylindrical tank with diameter 2.10 m contains water to a depth of 0.500 m . A worker accidently pokes a circular hole with diameter 0.0170 m in the bottom of the tank. As the water drains from the tank, compressed air above the water in the tank maintains a gauge pressure of 5.00×10³ Pa at the surface of the water. Ignore any effects of viscosity.

A)Just after the hole is made, what is the speed of the water as it emerges from the hole? (v=____)

B)What is the ratio of this speed to the efflux speed if the top of the tank is open to the air? (v/v_open=________)

C)How much time does it take for all the water to drain from the tank? (t=_______)

D)What is the ratio of this time to the time it takes for the tank to drain if the top of the tank is open to the air? (t/t_open=_______)

A closed and elevated vertical cylindrical tank with diameter 2.00m contains water to a depth of 0.900m . A worker accidently pokes a circular hole with diameter 0.0190m in the bottom of the tank. As the water drains from the tank, compressed air above the water in the tank maintains a gauge pressure of5.00�103Pa at the surface of the water. Ignore any effects of viscosity.

A. Just after the hole is made, what is the speed of the water as it emerges from the hole? in m/s

B. What is the ratio of this speed to the efflux speed if the top of the tank is open to the air?

C. How much time does it take for all the water to drain from the tank? in min

D. What is the ratio of this time to the time it takes for the tank to drain if the top of the tank is open to the air?

Please help I have no idea how to solve it

ARTICLE 1:
Police inspector advises stubborn teenager caught for repeatedly breaking MCO, challenges him to do well in studies (VIDEO)

Tuesday, 07 Apr 2020 05:58 PM MYT BY ARIF ZIKRI LENGGONG, April 7— A teenager caught multiple times for violating the Movement Control Order (MCO) was schooled by a police inspector after the boy’s mother complained about his stubbornness. Lenggong police station head Inspector Mohd Ropiza Hassan took it upon himself to advise the young man. A video of the conversation between Mohd Ropiza and the 15-year-old boy was recorded and has been circulating on social media platforms since yesterday. In the one minute and 37 second video, Ropiza telling-off the youngster that it was not his first time he had been caught, and ‘offered’ the boy to stay in the lock-up if he required monitoring to comply with the law. Mohd Ropiza then advised the teenager to study hard during the MCO, so he could better himself and help his family, challenging the boy to further his studies into any university. “Study hard, you’re the eldest son in your family, haven’t you thought about that? With no father. The government has asked you to stay at home to read some books. “Study hard until you succeed so that you can help out your family not by doing as you please.” He told the boy to listen to the advice, saying he wanted to see the young man in another five years and to hear that he had succeeded in furthering his studies. “Meet me at Balai Lenggong and tell me when you’ve been accepted into an IPTA, I challenge you,” Ropiza said in the video. The video was recorded in front of the teen’s house and according to the Gerik State Chief of Police, Superintendent Ismail Che Isa, no arrest was made and the inspector was just advising the boy as requested by his mother. Inspector Mohd Ropiza Hassan took time to personally speak to the youngster. — Screenshot courtesy of Facebook/ Polis Diraja Malaysia.

ARTICLE 2: What MCO? 14 arrested by cops for gambling in What MCO? 14 arrested by cops for gambling in NegriNegri

NATION Wednesday, 08 Apr 2020 4:40 PM MYT By SARBAN SINGH NILAI: A total of 14 people, including juveniles, believed to be taking part in gambling activities, have been detained for defying the movement control order (MCO). OCPD Supt Mohamad Nor Marzukee Besar said the suspects, aged between 17 and 24, were arrested in front of a house in Taman Desa Pelangi in Mantin at about 1.30am on Wednesday (April 8). "A team was dispatched to the housing estate after we received a tip off from the public. "The suspects were caught gambling in front of the house," he said. Supt Mohamad Nor said all the suspects were arrested after they failed to provide a valid reason for being outside of their house during the MCO. He said police also seized two decks of cards, cash, a table and some chairs. The case will be investigated under Rule 7 of the Prevention and Control of Infectious Diseases (Measures Within the Infected Local Areas) Regulations 2020. The offence carries a fine of up to RM1,000 or six months jail, or both. Supt Mohamad Nor said the suspects would also be investigated under Section 6(1) of the Common Gaming Houses Act for taking part in gambling. Offenders can be fined up to RM5,000 or six months jail, or both. Separately, Supt Mohamad Nor said police arrested three men, including a Bangladeshi, for defying the MCO.
ARTICLE 3:
THURSDAY, APRIL 9, 2020 KEPALA BATAS:
A group of people violated the movement control order (MCO) when they were caught drinking outside a temple on Thursday (April 9).
Seberang Prai Utara OCPD Asst Comm Noorzainy Mohd Noor said those detained were enjoying their alcoholic beverages at the temple compound near Jalan Kampung Gajah, Butterworth.

"Despite knowing that the government has enforced the MCO, they chose to ignore the order and loitered outside instead of staying at home," he told reporters after the special operation.
Asst Comm Noorzainy said the group of seven, including two women, claimed that they were bored at home and since many shops were closed, they decided to have a chat while drinking outside the temple. Earlier at Bagan Lalang, four teenagers were drinking "air ketum" at a field near Taman Mesra and tried to run away when police approached them in the operation. The teenagers were apprehended by police who had them cornered. Asst Comm Noorzainy said in total, 27 people were arrested for violating the MCO in various parts of the district. He said the operation was conducted by a special task force from the district police headquarters. "Those arrested are aged from 16 to 60," he said. He said from the 27 that were arrested, 23 will be issued compound notices for violating the MCO. All of them were detained under Regulation 11 of the Prevention and Control of Infectious Disease Regulations 2020, Section 269 and Section 186 of the Penal Code. - Star
MCO: Group caught boozing at temple compound in Penang

INSTRUCTION
For this assignment, you need to read the following news articles (attached seperately) and then complete the following tasks. Write you response for (a) and (b) in one continuos essay:

a) Relate the issues covered by the articles to the roles the mesosystem and the macrosystem in supporting individuals’socialisation process.

b) Apply the four parenting styles of to handle the issues highlighted by the news articles.

Question 4

Consider each of the following independent and material situations, identified below (i-vi). In each case:

• the balance date is 30 June 2020;
• the field work was completed on 12 August 2020;
• the Directors’ Declaration and the Audit report were signed on 20 August 2020;
• the completed financial report accompanied by the signed Audit report were mailed to the shareholders on 26 August 2020.

1. On 26 September 2020, you discovered that a debtor at 30 June 2020 had gone bankrupt on 2 September 2020. The debt had appeared collectible at 30 June 2020 and 20 August 2020.

2. On 12 August 2020, you discovered that a debtor at 30 June 2020 had gone bankrupt on 5 August 2020. The cause of the bankruptcy was an unexpected loss of a major lawsuit by the debtor on 15 July 2020.

3. On 14 August 2020, you discovered that a debtor had gone bankrupt on 5 August 2020. The sale took place on 2 July 2020. The cause of the bankruptcy was a major uninsured fire at one of the debtor’s premises on 30 June 2020.

4. On 19 August 2020, the company settled a legal action out of court that had originated in 2016 and was listed as a continent liability at 30 June 2020.

5. A draft investigative report commissioned by a government enquiry was leaked to the media on 10 August 2020. The report has questioned the continued need for a segment of your client’s business. Accordingly, there is a significant uncertainty regarding the future necessity for one of the services offered by your client and its industry colleagues. There have been significant media attention and speculation on this issue.

6. Your client, BHP Mining, owns a mineral exploration licence in Western Australia. At 30 June this licence was valued by an independent expert at $20,000,000. This valuation is reflected in the financial report. On 17 August BHP Mining received notice that a claim was being lodged under the Native Titles Act for land which included that subject to the exploration licence. If the claim is successful, the exploration licence will be worthless.

Required:

1. For each of the situations described above (i-vi), select the appropriate action from the list below, and justify your response.

1. Adjust the 30 June 2020 financial report.
2. Disclose the information in the notes to the 30 June 2020 financial report.
3. Request that the client recall the 30 June 2020 financial report for revision.
4. No action is required.                                                                                                  (6*2= 12 marks)

If no action is taken by management for each of the events described above (i-v), determine the most appropriate audit opinion to be issued.