California Speeding: Listed below are the recorded speeds (in mi/hr) of randomly selected cars traveling on a section of Highway 405 in Los Angeles. That part of the highway has a posted speed limit of 65 mi/hr. Assume the standard deviation of speeds is 5.7 mi/hr. Use a 1% significance level to test the claim that sample is from a population with a mean weight that is greater than 65 mi/hr. 68 68 72 73 65 74 73 72 68 65 65 73 66 71 68 74 66 71 65 73 59 75 70 56 66 75 68 75 62 72 60 73 61 75 58 74 60 73 58 75

Seniors want to use technology to stay​ connected, read magazines and​ emails, share photos and​ ideas, listen to​ music, find recipes and discount coupons and much more. The Ontario Society of Senior Citizens Organizations​ (OSSCO) offers a variety of computer training​ opportunities, including using​ self-help instructions on iPad technology. Consulting with 20 seniors helped OSSCO develop these​ self-help instructions for both individual users and trainers who work with seniors. The ages of the seniors are listed below.

What is the median of the​ observations?

77 74 72 82

92 80 67 95

71 94 75 98

82 68 87 69

74 87 76 79

A. 82.5

B. 78

C. 80.5

D. 74

Crooked Creek Wines operates a cellar door venue in which customers can sample and purchase wines. The average revenue per day is $750 , variable cost per day is $250 and annual fixed costs for the cellar door operations is $95,000. Assume 365 operating days. What is the operating profit (loss) fo r cellar door operations per year?

As CVP analysis allows us to play “what if” games with the information, calculate the operating profit under each of the following conditions:

a) Reduction in cellar door operations to 280 days per annum

b) Increase in the average daily revenue to $800

c) Increase in the average daily revenue to $800 AND decrease variable costs to $225 AND reduce the operating days to 290.

Once all of the options have been considered, which of the options would you recommend to the management o f Crooked Creek Wines and why?   

Do hypothesis testing (t test)

Test grade of students against 88 - insert the SPSS output in the space below.

a- What would be the alternate hypothesis for the study?                                                

b- Wh     at would be the null hypothesis?                                                    

c- What Level of Significance do you choose?                                              

d- What is the computed t critical value for the study?                                

e- What is the P-value of the test?                  

f- What is the conclusion?

4) Do hypothesis testing (t test)

Test grade of students against 88

a- What would be the alternate hypothesis for the study?                                       

b- What would be the null hypothesis?                                                         

c- What Level of Significance do you choose?                                              

d- What is the computed t critical value for the study?                              

e- What is the P-value of the test?                  

f- What is the conclusion?

Amy has two ways to travel from her home in Norco to her office in Los Angeles. One is to go via the 10 Freeway, and the other is to go via 60 Freeway. In order to determine which way she should travel on a daily basis, Amy has recorded the travel times for samples of eleven trips via the 10 Freeway and eleven trips via the 60 Freeway. The following table gives the travel times (in minutes) for the twenty-two trips:

Assume that the two populations of travel times are normally distributed and that the population variances are equal. Can we conclude, at the

0.05

level of significance, that the mean travel times of the two routes are different?

Perform a two-tailed test. Then fill in the table below.

Carry your intermediate computations to at least three decimal places and round your answers as specified in the table.

Question 01. For shutting down, a firm must consider which of the following condition.

a. Revenue and marginal cost

b. Revenue and total cost

c. Revenue and the variable cost.

d. Revenue and fixed cost

.

Question 02: My company's revenue is AED 1000 and fixed cost is AED 600, the variable cost is 1000. I have a loss of AED 600, Should I shut down the company? Justify your reasoning.

Krey Distributing Company completed these merchandising transactions in the month of April. At the beginning of April, the ledger of Krey showed Cash of $10,000 and Common Stock of $10,000.

Apr. 2 Purchased merchandise on account from Am-Bev Co. $8,700, terms 2/10, n/30.
4 Sold merchandise on account to Gata, Inc. $6,000, terms 2/10, n/30, FOB Destination. The cost of the merchandise sold was $3,700.
5 Paid $200 freight by check on April 4 sale.
6 Received credit from Am-Bev Co. for merchandise returned $400.
11 Paid Am-Bev Co. in full, less discount.
13 Received collections in full, less discounts, from Gata, Inc., billed on April 4.
14 Purchased merchandise from Flug, Inc. for cash $4,700. No shipping costs incurred.
16 Received refund of $500 from Flug, Inc. for returned merchandise on cash purchase of April 14.
18 Purchased merchandise from Lohr Distributors $5,500, terms 2/10, n/30, FOB Shipping Point.
20 Paid freight by check on April 18 purchase $180.
23 Sold merchandise for cash to Kirkja, Inc. for $8,300. The cost of the merchandise sold was $5,580.
26 Purchased merchandise for cash from Silung, Inc. for $2,300.
27 Paid Lohr Distributors in full, less discount.
29 Made refunds to various cash customers for returned merchandise $180. The returned merchandise had a cost of $120.
30 Sold merchandise on account to Frimirki, Inc. $3,980, terms n/30. The cost of the merchandise sold was $2,500. No shipping charges.

Krey Distributing Company’s chart of accounts includes Cash, Accounts Receivable, Inventory, Accounts Payable, Common Stock, Sales Revenue, Sales Returns and Allowances, Sales Discounts, Cost of Goods Sold, and Freight-Out. Instructions

(a) Journalize the transactions.

(b) Prepare the income statement through gross profit for the month of April 2014.

Exercise 3-9 (Algo) Balance sheet preparation [LO3-2, 3-3]

The following is the balance sheet of Korver Supply Company at December 31, 2020 (prior year).

Transactions during 2021 (current year) were as follows:

Additional Information:

The notes payable are dated June 30, 2020, and are due on June 30, 2022. Interest at 10% is payable annually on June 30. Depreciation on the furniture and fixtures for 2021 is $27,000. The furniture and fixtures originally cost $370,000.

Required:
Prepare a classified balance sheet at December 31, 2021, by updating ending balances from 2020 for transactions during 2021 and the additional information. The cost of furniture and fixtures and their accumulated depreciation are shown separately. (Amounts to be deducted should be indicated by a minus sign.)

Exercise 3-9 (Algo) Balance sheet preparation [LO3-2, 3-3]

The following is the balance sheet of Korver Supply Company at December 31, 2020 (prior year).

Transactions during 2021 (current year) were as follows:

Additional Information:

The notes payable are dated June 30, 2020, and are due on June 30, 2022. Interest at 10% is payable annually on June 30. Depreciation on the furniture and fixtures for 2021 is $27,000. The furniture and fixtures originally cost $370,000.

Required:
Prepare a classified balance sheet at December 31, 2021, by updating ending balances from 2020 for transactions during 2021 and the additional information. The cost of furniture and fixtures and their accumulated depreciation are shown separately. (Amounts to be deducted should be indicated by a minus sign.)

Sugar Ltd was involved in the following transactions during 1 July 2019 to 30 June 2020 financial period.

1. On 5 November 2019 the directors of the company decided to raise extra capital by issuing 2 million ordinary shares publicly at a price of $2 each share. The company received application monies of $4,800,000 for 2.4 million shares on 30 November.
2. The company decided to allot shares to applicants on the basis of 10 shares for every 12 shares applied for on 30 December.
3. On 30 December, the excess amounts paid on application were refunded to applicants after the allotment.
4. The funds raised were transferred to the company’s business account.
5. The company paid $300,000 interim dividends from prior retained earnings to ordinary shareholders on 7 February 2020.
6. The company issued 280,000 bonus shares at a price of $2 per share from general reserve on 30 June 2020.
7. The company earned $700,000 profit during the financial year ended 30 June 2020.

Required:

Provide journal entries to record the above transactions for 2019/2020 financial year. (Narrations are required)