ACT and SAT scores are both known to be normally distributed. In 2017, the mean and standard deviation for the ACT were μ=20 and σ=6, respectively. The mean and standard deviation for the SAT were μ=1060 and σ=200, respectively. a. What ACT score would place a student in the same percentile as a student who scored 1310 on the SAT in 2010? (In other words, what ACT score is "equivalent" to an SAT score of 1310?) Round your answer to the nearest integer. b. What SAT score would place a student in the same percentile as a student who scored 14.6 on the ACT in 2010? (In other words, what SAT score is "equivalent" to an ACT score of 14.6?) Round your answer to the nearest integer.
In: Statistics and Probability
The null, Ho, indicates that there is either no relationship or a positive relationship between Amazon’s growth over the past ten years and number of Best Buy brick and mortar locations. The alternative, H1, seeks to prove that there is a negative relationship between the variables, Amazon and Best Buy brick and mortar locations. In other words, Amazon’s growth is negatively impacting Best Buy by forcing store location closures. Using a 95% confidence interval, construct a test of hypothesis using the following data:
| Total number of Best Buy stores worldwide 2010-2019 | |
| 2010 | 1,565 |
| 2011 | 1,550 |
| 2012 | 1,711 |
| 2013 | 1,779 |
| 2014 | 1,779 |
| 2015 | 1,732 |
| 2016 | 1,632 |
| 2017 | 1,581 |
| 2018 | 1,514 |
| 2019 | 1,238 |
In: Statistics and Probability
Neuroinvasive West Nile virus refers to a severe disease that affects a person’s nervous system. It is spread by the Culex species of mosquito. In the United States in 2010 there were 629 reported cases of neuroinvasive West Nile virus out of a total of 1021 reported cases, and there were 486 neuroinvasive reported cases out of a total of 712 cases reported in 2011. Can we conclude that the 2011 proportion of neuroinvasive West Nile virus cases is significantly more than the 2010 proportion of neuroinvasive West Nile virus cases? If you conduct hypothesis testing, you have to consider:
Group of answer choices
a test of two proportions
a test of two independent means
a test of a single mean
a test of a single proportion.
In: Statistics and Probability
Axe Ltd. purchased a building worth Tshs. 200,000 on January 1,
2008. The building has a useful life of 20 years and the company
uses straight line method. On December 31, 2010 the company intends
to switch to revaluation model and carries out a revaluation
exercise which estimates the fair value of the building to be
Tshs.190,000 as at December 31, 2010. On December 31, 2012 Axe Ltd.
revalues the building again to find out that the fair value should
be Tshs.140,000. The expected useful life has remained
unchanged
Required: Calculate
a)Revaluation surplus amounts and show the Journal to record the
revaluations
b)Depreciation charge for each period
c)Excess depreciation to be transferredand show the Journal to
record the transfer
In: Accounting
1. Kolyesna Hotels Group acquired some financial data for the years 2010 and 2011
| Financial Data | 2010 | 2011 |
| Net Income | $118,000 | $149,000 |
| Total Revenue | $1,910,000 | $2,070,000 |
| Total Assets | $3,789,000 | $4,612,000 |
| Total Owner's Equity | $910,000 | $1,010,000 |
| Preferred Dividends Value | $10,000 | $11,500 |
| Common Shares Outstanding | 42,000 | 57,000 |
| Market Price per Share | $44.10 | $50.82 |
Using the financial data table, calculate the required ratios for
the Kolyesna Hotel Group in 2011 (assume there are 365 days in a
year).
a) Profit margin ratio
b) Return on assets (ROA)
c) Return on equity (ROE)
d) Earnings per share (EPS) with common stock
e) Earnings per share (EPS) with preferred stock
f) Price/Earnings ratio (P/E) for both common and preferred
stock
2. The return on asset (ROA) and profit margin ratio for Tiggie’s Quick Food Corp. were 11.25% and 24.80% in 2013. If the total asset value of this firm was $25 million at the end of 2013, what is the total revenue generated in 2013?
3. Jamming Luxury Lodging Properties has obtained the financial data as follows:
| Balance Sheet Item | 2009 ($) | 2010 ($) |
| Total Assets | 4,140,000 | 5,000,000 |
| Total Owner's Equity | 2,550,000 | 2,920,000 |
| Net Income | 1,900,000 | 2,050,000 |
Based on the financial information given, calculate return on owner’s equity (ROE) for Jamming Luxury Lodging Properties in 2010.
4. The financial data for Millen & Adams Boutique Hotel Inc. in both 2011 and 2012 are as follows:
| Financial Data | 2011 | 2012 |
| Net Income | $412,500 | $556,330 |
| Preferred Dividends Value | $34,600 | $32,100 |
| Common Shares Outstanding | 120,000 | 146,900 |
Based on the financial data table, calculate the earnings per share (EPS) with preferred stock for Millen & Adams Boutique Hotel Inc. in 2012.
In: Accounting
Year O On December 31, 2010, Arrieta Incorporated purchases a subsidiary of Sales Unlimited. Sales has a defined benefit pension plan. The actuary provides you the following information: 12/31/2010 (000s) Statement of financial position Benefit obligation 2,500 Fair value of plan assets 2,400 Funded status 12/31/2010 (100) Expected impact of plan alignment 240 The initial amount to be recognized on the books of Arrieta for initial recognition of the funded status of the Sales pension plan is: Benefit obligation 2,500 Fair value of plan assets 2,400 Funded status 12/31/2010 (100) Year 1 On July 1, 2011 Arrieta amends the plan to align the benefits with its own plans, retroactive to the date of employment for the acquired employees. The retroactive benefits result in a prior service cost. The remaining service lives of those employees (average time to retirement) is 12 years. The actuary presents you with the following information as of 12/31/2011 Service cost 100 Interest cost 94 Expected return on plan assets 168 Actuarial gain/loss 22 Plan amendment 240 Actual return on plan assets 125 Benefits paid (75) Employer contributions 35 1/1/2011 12/31/2011 Discount rate 3.75% 4.00% Expected return 7.00% 7.00% Salary increases 4.00% 4.00% Required: a) Prepare the disclosure for the change in plan obligation and the change in plan assets for the year and determine the ending funded status. b) Prepare the disclosure for the net period benefit cost for the period. c) Provide ASC references to support the accounting for the prior service cost. d) Determine the amount of any amortization of gains and losses for the following year. Provide ASC references to support the calculation.
In: Accounting
Section A:
1. Based on Ricardian's model insights, comment on the following
claims:
Firm discussion: "Low-tech countries cannot compete with developed
countries
A highly productive person. "
2. Specific factor model of international trade:
(A) State the economic questions it asks, key model assumptions,
and key forecasts.
Of the model.
(B) What is the definition of a particular factor in international
trade?
(C) Can you find an example of a real specific factor (this is
ours)
Lecture), may suffer or benefit when the country is opened
internationally
trade?
3. Consider a developing country (China) with two inputs, scarce
capital (K) and two inputs.
Abundant labor force (L). The country has two products, computer
(C) and desk (D).
Capital and labor. Computers are more capital intensive than
desks.
• When the relative price of computer and desk goes down (that is,
PC
PD
Decrease), how
Does it affect the purchasing power of capital and labor owners?
Please
Please explain clearly.
1
Section B
4. (Ricardo model: completely specialized case) Used in two
countries, domestic and foreign
One element for producing two products, shoes and computers, the
labor force. You can do your own country
One unit of labor produces shoes and two units of labor produce
computers. Foreigner
A country can produce shoes with a labor force of 2 units and a
computer with a labor force of 3 units.
Home country is blessed with a labor force of 200 units, but
foreign countries
We are blessed with a labor force of 300 units. Preference is the
same in the two countries
And it is written by the following utility function: U (S, C) = 1.2
ln S + ln C, where S
C represents shoe and computer consumption respectively.
(A) What should the relative price PS be in a closed economy
(closed economy without trade)?
PC
In your home country in equilibrium?
(B) Which countries have a comparative advantage in shoe production
and why? None
Can you predict which products Home will export by solving the
model numerically?
What will foreigners export if trade occurs?
(C) Draw a relative supply curve of the world using relative supply
S + S
∗
Horizontal C + C ∗
Axis and relative price PS
PC
On the vertical axis. In what range price both
Do you specialize in the country? What if the price is not in this
range?
(D) Here, we derive the relative demand function of the home
country (relative demand S).
C
As a function of relative price PS
PC
). The relative demand function of the world
Same figure as (b). Find Equilibrium Relative Price and Relative
Output
After the transaction. What do each country produce? (Note: Home
and
Foreigners have the same utility function, the world's relative
demand function
It is the same as your own country. )
(E) Is the equilibrium relative price PS?
PC
After higher or lower trade than a closed economy?
Draw a production potential frontier (PPF) and new consumption
potential
Frontier (CPF) after trade with your own country. Explain if you
are in your own country
Profit from trade.
(F) Do foreign countries benefit or lose from trade? Later draw PPF
and CPF
Deal with foreign countries to explain it clearly.
5. (Specific factor model) 2 products, 2 countries, 3 factors (L is
mobile)
K and T are specific factors, but two products are produced.
Capital (K) is
A specific factor for producing cloth, land (T) is a specific
factor for producing
food. Both sectors use the workforce as an input. How does
international trade affect profits?
And income distribution between factors? In particular,
(A) Suppose the global price of fabrics rises compared to Autarky
at Home.
Compared to that of food after international trade. How will this
transaction affect you?
Employment of labor in these two sectors? Use the labor demand
function diagram
In two sectors to explain it clearly.
(B) Suppose the global price of fabrics rises compared to Autarky
at Home.
Compared to food after international trade. How do transactions
affect purchases?
2
The power of the three elements of your country? Who will get it?
Who will lose? Please
Please explain clearly.
(C) Suppose the global price of fabrics rises compared to Autarky
at Home.
Compared to food after international trade. How do transactions
affect purchases?
The power of three foreign factors? Who will get it? Who will lose?
Please
Please explain clearly.
(D) What is the source of profits from international trade in this
case? Is it the whole
Are Trade Benefits Always Positive for Countries? Use clearly
labeled graphs
Production Possibility Frontier (PPF) and Consumption Possibility
Frontier (CPF)
For my country to explain why. (Compared to the closed economy at
home
The world price of cloth is higher than that of post-international
food. )
Section C
6. According to Atlas, the trade patterns between China and the
United States are very different.
The United States mainly exports services and high te
In: Economics
Entries for Bonds Payable, including bond redemption The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: Year 1 July 1. Issued $7,000,000 of five-year, 11% callable bonds dated July 1, Year 1, at a market (effective) rate of 13%, receiving cash of $6,496,782. Interest is payable semiannually on December 31 and June 30. Dec. 31. Paid the semiannual interest on the bonds. The bond discount amortization of $50,322 is combined with the semiannual interest payment. Dec. 31. Closed the interest expense account. Year 2 June 30. Paid the semiannual interest on the bonds. The bond discount amortization of $50,322 is combined with the semiannual interest payment. Dec. 31. Paid the semiannual interest on the bonds. The bond discount amortization of $50,322 is combined with the semiannual interest payment. Dec. 31. Closed the interest expense account. Year 3 June 30. Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $301,930 after payment of interest and amortization of discount have been recorded. (Record the redemption only.) Required: 1. Journalize the entries to record the foregoing transactions. If an amount box does not require an entry, leave it blank or enter "0". When required, round your answers to the nearest dollar. 2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2. a. Year 1 $ 1,010,644 b. Year 2 $ 1,010,644 3. Determine the carrying amount of the bonds as of December 31, Year 2.
In: Accounting
On a market with monopolistic competition, a firm meets the demand QD = 400 – 4P. The firm’s marginal cost is given by MC = 40 + 2Q.
A. Which quantity should the firm produce to maximize its profit? Which is the profit maximizing price on the market?
B. Draw a figure that shows the firm’s profit maximizing quantity and price.
C. What is the firm’s long-term profit?
D. Now instead assume the market is a duopoly, and that the total demand is given by QD = 1600 – 2P. The two firms on the market, Delta and Gamme, have identical cost functions TCD = TCG = 200 + 50Q. The firm’s respective boards have agreed to collaborate to maximize their collective profit. What is the profit of Delta and Gamma if the firms together agree on which quantity to produce?
In: Economics
The United States’ health-related views and laws are shaped by social, political, and historical factors that are often part of the larger debate over individual rights versus the collective good. Based on this idea please discuss your thoughts on the 3 following public health topics.
In: Nursing