Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $32,000. The estimated useful life was five years and the residual value was $4,000. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production was year 1, 2,100 units; year 2, 3,100 units; year 3, 2,100 units; year 4, 2,100 units; and year 5, 600 units.

Required:

1. Complete a depreciation schedule for each of the alternative methods.
   a. Straight-line.
   b. Units-of-production.
   c. Double-declining-balance.

2. Which method will result in the highest net income in year 2? Does this higher net income mean the machine was used more efficiently under this depreciation method?

As part of the requirements by the university for an academic degree, final year students
are required to undertake a research and write a report called a dissertation. Unfortunately,
some students joined at the very last part of the semester and hence missed the introductory and foundation lectures. One of them approached you for assistance on what research is about and to deepen his/ her knowledge on the following issues. Briefly help this new
student on these to be able to also carry out a successful and sound research;

a. The definition of research. Briefly explain to him/her.
b. Any two occasions on which the term research is wrongly used according to
Walliman (2005).
c. The processes that he/she must go through to successfully carry out a sound
research.
d. Any two qualities of a quality research
e. Any three qualities that he /she should exhibit if he/she desires to be a quality
researcher.
f. The five common mistakes that researchers make; just list them.
g. Given that the student is also the manager of a firm, inform him on when a business
research should be conducted.

2. Indicate whether the following statements are true or not true and justify your response;
a. The sole purpose of research is to solve a problem.
b. Research Methodology and Research Methods mean and imply the same thing.
c. Systematic sampling involves choosing respondents based on reason that the
respondents sampled gives you the right information.

d. It is the research problem and questions that drives the title but not the reverse.

3. Past research indicates important gender differences in the use of networks (Hanson and
Blake 2009), and suggests that male SME owners are more likely to successfully network
and benefit from networks-driven performance in contrast to female SME owners (Watson 2012). In particular, as many women come to self-employment from domestic or nonmanagement background (Cromie and Birley 1992), and thus are likely to have previously

A company is interested in forecasting sales in the final quarter of the year based on the first three quarters by fitting a linear regression model.

Sales: 215   268   344
Quarter: 1 2 3

What proportion of the variability in sales can be explained by the model?

Also predict the sales for the fourth quarter

A brand of refrigerators, denoted A is guaranteed for 1 year. In a random sample of 50 refrigerators of brand A, 12 were observed to fail before the guarantee period ended. Estimate the true proportions of failures during the guarantee period, with 98% confidence interval. State the conclusion sentence and find the point estimator for the population proportion.

At the end of 2018, accounts receivable amounted to $163,000. At the beginning of the year it was $242,000. Net credit sales for the year amounted to $720,000 and net income was calculated to be $197,000.

Determine the days sales outstanding ratio and the accounts receivable turnover ratio.

Do not enter dollar signs or commas in the input boxes.
Round your answer to 2 decimal places.

Days Sales Outstanding = Answer days
Accounts Receivable Turnover = Answer times

Since the SUTA rates changes are made at the end of each year and there is much discussion about changes to the FUTA rate, the available 2017 rates were used for FUTA and SUTA.

Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers.

Example 5-7

Shu Company located in Arkansas had FUTA taxable wages of $130,000 and SUTA taxable wages (on first $12,000) were $210,000 with a 0.9 percent SUTA tax rate. The total unemployment taxes that Shu Company is liable for are:

Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows:

Under SUTA for Massachusetts on taxable payroll of $18,600, the contribution rate is 4%.

Under SUTA for New Hampshire on taxable payroll of $34,000, the contribution rate is 6.65%.

Under SUTA for Maine on taxable payroll of $81,800, the contribution rate is 2.9%.

Under FUTA, the taxable payroll is $117,000.

Compute the following; round your answers to the nearest cent.

Since the SUTA rates changes are made at the end of each year and there is much discussion about changes to the FUTA rate, the available 2017 rates were used for FUTA and SUTA.   Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers.

Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as follows:

Under SUTA for New Mexico on taxable payroll of $28,000, the contribution rate is 3.9%.

Under SUTA for Colorado on taxable payroll of $23,000, the contribution rate is 8.95%.

Under SUTA for Utah on taxable payroll of $65,000, the contribution rate is 4.1%.

Under FUTA, the taxable payroll is $94,500.

Compute the following; round your answers to the nearest cent.