Tina runs a timber business that harvests mature pine trees and saws them into utility poles. In a few sentences, describe the difference between how Tina's business will contribute to the traditional measure of GDP and how it would contribute to a measure of Green GDP. Include a statement on which measure makes her company's contribution to GDP larger.

QUESTION 3 (18 Marks: 24 Minutes)
The following is T Allen’s statement of financial position at 31 December 2006 and statement of changes in equity for the year ended 31 December 2006 together with comparative figures for 2005.
T ALLEN
STATEMENT OF FINANCIAL POSITION
AT 31 DECEMBER
2006
R
2005
R
ASSETS
Non-current assets
70 000
30 000
Furniture at cost
100 000
50 000
Accumulated depreciation
(30 000)
(20 000)
Current assets
530 000
470 000
Inventory
330 000
270 000
Accounts receivable
200 000
120 000
Cash at bank
-
80 000
600 000
500 000
EQUITY AND LIABILITIES
Capital and reserves
Capital
200 000
300 000
Current liabilities
400 000
200 000
Accounts payable
300 000
200 000
Bank overdraft
100 000
-
600 000
500 000
T ALLEN
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER
Capital
R
Balance at 1 January 2005 200 000
Profit for the period 200 000
Withdrawals (100 000)
Balance at 31 December 2005 300 000
Profit for the period 100 000
Withdrawals (200 000)
Balance at 31 December 2006 200 000
Page 20 of 21
You are required to:
a) Prepare a statement of cash flows to explain why in spite of the fact that a profit has been earned during the year ended 31 December 2006, the business is in financial difficulties. Use the indirect method.
b) Explain the three main reasons why the business has gone into overdraft at 31 December 2006.

Bond Redemption

St. Wyncomb Co. issued 10 percent, $420,000 face value bonds with a 20 year maturity at 96 on Jnuary 1, 2002. The bonds are callable at 104 after one year. St. Wyncomb Co. decided to call the bonds after interest rates dropped on December 31. 2004. To finance the retirement, St. Wyncomb issued 8 percent, $440,000 face value bonds with a 20 year maturity at 102 on December 31, 2004.

1. Prepare an amortization schedule for the first three years for the original bonds, and the first two years of the new bonds.

2. Prepare the journal entries to recorn the following.

a. Issue of original bonds.

b. Annual interest payment in the year of the redemption, 2004 for the original bonds.

c. Isue of new bonds.

d. Redemption of original bonds.

e. First annual interest payment for the new bonds.

3. Prepare a T-Account for the dincount accond for the original bonds.

****Please show work so I can follow along****

Recall again that Rind & Bordia (1996) investigated whether or not drawing a happy face
on customers’ checks increased the amount of tips received by a waitress at an upscale
restaurant on a university campus. During the lunch hour a waitress drew a happy,
smiling face on the checks of a random half of her customers. The remaining half of the
customers received a check with no drawing (18 points).
The tip percentages for the control group (no happy face) are as follows:
45% 39% 36% 34% 34% 33% 31% 31% 30% 30% 28%
28% 28% 27% 27% 25% 23% 22% 21% 21% 20% 18%
8%
The tip percentages for the experimental group (happy face) are as follows:
72% 65% 47% 44% 41% 40% 34% 33% 33% 30% 29%
28% 27% 27% 25% 24% 24% 23% 22% 21% 21% 17%

This time, you are to perform a “hypothesis test” using the tip data, answering each of
the questions below. For short-answer questions, be brief. However, you must give
enough detail to justify your answers. Single-sentence responses will generally not
suffice, but do not exceed a paragraph for any given answer.

n. What is your decision concerning the null hypothesis? Did you reject or
retain?

The CEO of a large electric utility claims that 80 percent of his 1,000,000 customers are very satisfied with the service they receive. To test this claim, the local newspaper surveyed 100 customers, using simple random sampling Among the sampled customers, 74 percent say they are very satisfied.
a)[1 pt] Is this a right-tailed, left-tailed, or 2 -tailed test?
b) [2 pts] Find the value of the test statistic =
b) [2 pts]Find the p-value [round to 3 decimals]
c) I[1 pt]If the level of significance is 5%, what is your decision? Explain
d){1 pt] Do the statistics support the CEO's claim that 80% are satisfied? Explain.

Question:
Explain what is meant by the yield curve and briefly outline three theories to explain unequal yields at different maturities and how it is most often sloped. Then briefly
explain why Australia’s yield curve “inverted” during the boom years of 2006-2007.

44.The Suds Corporation has just suffered significant losses of revenue for three quarters in a row, and the shareholders are furious. Much of the loss can be attributed to the board's decision to change from their traditional lager beer to a lighter and smoother brew. Unfortunately, the new recipe alienated current customers and failed to bring in new customers. Although Suds has announced that it will return to its original product, the shareholders are claiming the board violated its fiduciary duty of care, and they are suing the directors personally for their significant losses. What must the shareholders prove to win their lawsuit? What defense is available to the directors, and what must they prove to prevail?

Please develop a response (minimum 300 words) by researching the discussion question, using the internet, assigned readings and your personal experiences.

What Is Corporate Average Fuel Economy (CAFE)?

Is the President’s approach (President George W. Bush, April 27, 2006), i.e., doubling the CAFÉ standards, the right way to reduce gas consumption (and thereby reduce air pollution from cars)? If not, why not?

Does anyone need to drive a Sport Utility Vehicle (SUV)? Should they be exempt from CAFÉ standards?

Should the government subsidize automakers to develop zero-emission vehicles (ZEVs)?

A restaurant collects cash from customers for gift certificates. Assuming that 100% of the gift certificates are redeemed, the restaurant records the collection of the cash and the delivery of food to customers who redeem their gift certificates as follows (ignore inventory and COGS):

Select one:

a. Collection: increase cash and increase deferred revenue; and redemption: decrease deferred revenue and increase equity (revenue)

b. None of the listed answers

c. Collection: increase cash and increase deferred revenue; and redemption: decrease deferred revenue and decrease equity (revenue)

d. Collection: increase cash and decrease equity (revenue); and redemption: nothing is recorded

e. Collection: increase cash and increase equity (revenue); and redemption: nothing is recorded

​(Working with a statement of cash flows​) Given the information in the popup​ window, LOADING...​, prepare a statement of cash flows. Complete operating activities part of the statement of cash​ flows:  ​(Round to the nearest dollar. NOTE​: Input cash inflows as positive values and cash outflows as negative​ values.)