Questions
In order to improve evacuation routes out of New Orleans in the event of another major...

  1. In order to improve evacuation routes out of New Orleans in the event of another major disaster such as Hurricane Katrina, the Louisiana Department of Transportation (L-DoT) is planning to construct an additional bridge across the Mississippi River.  The department uses an interest rate of 8% and plans a 50-year life for either bridge.  Which design has the better present worth?

All costs in $M

Bridge M

Bridge L

Land acquisition

$220

$195

Annual O & M

2

3

Annual increase

0.04

0.03

Major Maintenance (Year 25)

185

210

Salvage Cost

30

27

Initial Construction

$585

$470

In: Economics

An American Company borrowed 1million Canadian dollars to finance the construction of an office building when...

An American Company borrowed 1million Canadian dollars to finance the construction of an office building when the Canadian dollar was worth $1 US. At 10% interest, the American Company expected to pay back 1.1 million Canadian dollars which would cost $1.1 million US dollars. However, based on changes in the value of the Canadian dollar, the American Company must pay $1,030,000 million US dollars to satisfy this debt. How will this $70,000 US dollar difference be shown on the American Company’s financial statements under GAAP? How would this have been shown if the American Company used IFRS? Which gives us more relevant information? Explain

In: Accounting

ACE CONSTRUCTION CO. Unadjusted Trial Balance June 30, 2013 No. Account Title Debit Credit 101 Cash...

ACE CONSTRUCTION CO.
Unadjusted Trial Balance
June 30, 2013

No.

Account Title

Debit

Credit

101

Cash

19,000  

126

Supplies

7,000  

128

Prepaid insurance

6,000  

167

Equipment

139,290  

168

accumulated Depreciation – Equipment

$ 22,000  

201

Accounts payable

6,200  

251

Long-term notes payable

21,000  

301

V. Ace, equity

79,900  

302

V. Ace, withdrawals

26,500  

401

Construction fees earned

144,000  

623

Wages expense

49,000  

633

Interest expense

2,310  

640

Rent expense

13,000  

683

Property taxes expense

4,100  

684

Repairs expense

2,600  

690

Utilities expense

4,300  

Totals

273,100  

273,100  

Instructions:

a) Journalize the following adjusting entries as of fiscal year-end April 30, 2015.
b) Post the adjusting entries to an unadjusted trial balance and prepare the adjusted trial balance.

Adjustments:

The supplies available at the end of fiscal year 2013 had a cost of $2,520.

The cost of expired insurance for the fiscal year is $3,780.

Annual depreciation on equipment is $8,700.

The June utilities expense of $520 is not included in the unadjusted trial balance, because the bill arrived after the trial balance was prepared. The $520 amount owed needs to be recorded.

The company’s employees have earned $1,500 of accrued wages at fiscal year-end.

The rent expense incurred and not yet paid or recorded at fiscal year-end is $300.

Additional property taxes of $800 have been assessed for this fiscal year, but have not been paid or recorded in the accounts.

The $210 accrued interest for June has not yet been paid or recorded.

In: Accounting

1a Scientists have speculated that eating a moderate amount of dark chocolate may increase the level...

1a Scientists have speculated that eating a moderate amount of dark chocolate may increase the level of antioxidants, compounds that protect us against free radicals, which can cause heart disease and cancer. Levels of antioxidants in the bloodstream have been shown to increase significantly after consumption of dark chocolate. A study was designed, and the antioxidant concentration in patients who ate dark chocolate regularly was measured to test if there is evidence to suggest that the mean percentage of antioxidants in the bloodstream is greater than 0.4.

  1. State the null and alternative hypotheses (2 pts):
  1. Circle the correct type of hypotheses for this study, below (1 pt):

  • An equal hypothesis versus a less-than hypothesis (left-tailed test)
  • An equal hypothesis versus a greater-than hypothesis (right-tailed test)
  • An equal hypothesis versus an unequal hypothesis (two-tailed test)

  1. A random sample of antioxidant concentration in patients who ate dark chocolate provides enough evidence to conclude that the mean percentage of antioxidants in the bloodstream is greater than 0.4. Provide a conclusion statement for the study. (1 pt)

  1. Suppose that the actual mean percentage of antioxidants in the bloodstream is 0.37. What type of error has been made (Type I or II) based on the conclusion in c.? Explain. (2 pts)

1b The annual Waikiki Roughwater Swim contest is held over a 2.4 mile course and ends near the Hilton Rainbow Tower. The 2008 winner was Trent Grimsey in 47 minutes, 59 seconds. Before the race, a random sample of the water current velocity (in knots) along the race course is obtained, and the resulting information is used to determine whether the race should be canceled. A mean current velocity, µ, of more than 0.65 knots is considered unsafe. The hypotheses are H0: µ = 0.65 H1 : µ > 0.65. If H0 is rejected, the race will be canceled.

  1. Suppose H0 is true; the mean amount of the current velocity is 0.65. What are the consequences if H0 is rejected? (1 pt)

  1. Suppose H0 is true; the mean amount of the current velocity is 0.65. What are the consequences if H0 is not rejected? (1 pt)
  1. Suppose H1 is true; the mean amount of the current velocity is greater than 0.65. What are the consequences if H0 is rejected? (1 pt)

  1. Suppose H1 is true; the mean amount of the current velocity is greater than 0.65. What are the consequences if H0 is not rejected? (1 pt)

In: Statistics and Probability

Consider you are opening a tuition academy near a renounced school within the city of Lahore....

Consider you are opening a tuition academy near a renounced school within the city of Lahore. Which type(s) of promotional channels would you employ to attract customers and why? (Hint: Not all promotional channels are viable in every situation! (subject entrepreneurship )

In: Accounting

Apply the Lagrangian formalism to obtain y(t) for the case of an object falling near the...

Apply the Lagrangian formalism to obtain y(t) for the case of an object falling near the surface of the earth under the influence of gravity alone.

Take the initial velocity to be downward with a speed of v0 and take the initial position to be y0. Let downward be the positive y-direction.

In: Physics

Brush your hair with a plastic comb. Bring the comb close to a small piece of...

Brush your hair with a plastic comb. Bring the comb close to a small piece of paper. Move a fridge magnet near the comb and then the paper. Do these objects exert forces on one another? Write a one page report describing and explaining your observations.

In: Physics

Determine the concentration of H2SO4 when 10 mL of the surround water was collected near the...

  1. Determine the concentration of H2SO4 when 10 mL of the surround water was collected near the C & H Sugar Company. Your sample was titrated with 5 ml of 0.5 Molar NaOH solution to neutral the pH. Determine the concentration of H2SO4 in your water sample.

In: Chemistry

- Choose one of the technologies in healthcare that you think will have the most impact...

- Choose one of the technologies in healthcare that you think will have the most impact in the near future and how you facilitate its adoption in the appropriate healthcare facility.

- On healthcare costs: support your decision on whether you agree or disagree with the strategies to reduce costs.

In: Nursing

Consider a straight screw dislocation parallel to a rigid surface, constrained not to deform. Show that...

Consider a straight screw dislocation parallel to a rigid surface, constrained not to deform. Show that the screw is repelled from the surface by a force equivalent to an image dislocation of the same sign and magnitude. (This example is relevant to the situation of a dislocation near a surface with a hard oxide layer upon it.)

In: Physics