3. What would be the result on your balance sheet of recording unearned revenue as revenue? a. Overstated income and overstated liabilities b. Understated revenue and understated assets c. Overstated income and understated liabilities d. Understated income and understated liabilities

For each situation indicate when a company should recognize revenue:

revenue and collection cycle. Explain what the revenue and collection cycle is in your own words and describe two audit procedures you would do if you were auditing an organization and why you would do those procedures.

is net sales= net revenue? term sales and revenue are same? is Net sales and cost of goods sold same?

Revenue Sources Discussion

In running any business, it is important to identify and manage your revenue sources so you can remain financially viable. In a health care environment, this is particularly important. As you know, there may be many changes to the Affordable Care Act (ACA) on the horizon under the new Administration in Washington, D.C. Research the Affordable Care Act (ACA) and:

1. In your first post:

Discuss one thing that you feel should remain the same with the new health care legislation that is expected from the current Administration, OR, discuss one change that you feel is greatly needed. Be sure to provide solid rationale for what you believe should remain the same or what aspect of the legislation should change.

Discuss the concept of Managed Care Organizations (MCOs). What is the goal of an MCO? Briefly discuss one strategy that is used by an MCO to reduce costs.

This is a written, statistical report, not simply a collection of different types of Excel output. It is not necessary to include the formulas you used or a copy of the dataset. When answering the questions, make sure to include any relevant statistics and/or the results of your calculations. Like any other written report, you will want to start with an introductory paragraph or problem statement and finish with a conclusion that summarizes the information presented.

1. Use descriptive statistics to summarize the data.

2. Develop a 95% confidence interval estimate of the mean age of unemployed individuals in Philadelphia.

3. Conduct a hypothesis test to determine whether the mean duration of unemployment in Philadelphia is greater than the national mean duration of 14.6 weeks. Use a .01 level of significance. What is your conclusion?

4. Is there a relationship between the age of an unemployed individual and the number of weeks of unemployment? Explain.

Suppose you work for a small company that produces and sells gourmet pierogi-flavored cookies (yum?) called Babushkies in Northwest Indiana. Your boss has never really paid any attention to the demand for your product before, and one day she asks you to conduct a quantitative demand analysis for Babushkies. She provides you with yearly data from 2000 and 2019 on factors that may be important in the demand for Babushkies, including the price (Px ) and number of Babushkies sold (Qx) , the price of a related good (Py) and the average annual income for Northwest Indiana (M ).

The following steps walk you through the process of conducting a quantitative demand analysis:

1. Estimate a demand function using a regression. Download the provided Problem Set 3 data file (PS3-Data.csv) and use it to estimate the following linear demand function using the regression tool (under Data Analysis) in Excel:

Qxd=α0+αXPx+αyPy+αMM

What is the estimated demand function (you can round estimated coefficients to two significant decimals)? Write this out clearly. Include a copy of your regression output from Excel.

6.1 A statute gives the Department of the Interior the power to allow or to curtail mining within the national forests “as the best interests of all users of the national forest shall dictate.” Is this a valid delegation of legislative power to the agency, or is it too broad a delegation of power? 8.1 Before deciding which remedies are available under Article 2 of the UCC, one must first determine whether the transaction involved the sale of goods. Consider the following fact patterns. A. Tanzer entered into a contract with Audio Visual Artistry to install a “smart home” system in Tanzer’s house, which was under construction. The contract included expert installation services for a custom home theatre, lighting, music, and phone system. Was the contract for a sale of goods or services? [Audio Visual Artistry v. Tanzer, 403 S.W.3d 789 (Tenn. Ct. App. 2012).] B. Wachter, a construction company, entered into a contract to purchase an accounting and project management software package from DCI, a company that develops, markets, and supports software for construction companies. The package included “installation of the software, a full year of maintenance, and a training and consulting package.” Was the contract for a sale of goods or services? [Wachter Management Co. v. Dexter & Chaney, Inc., 144 P.3d 747 (Kan. 2006).] C. A customer sued a New York restaurant for breach of warranty after a glass of water allegedly exploded in his hand during the course of a meal. Does the claim involve the sale of goods? [Gunning ex rel. Gunning v. Small Feast Caterers, Inc., 777 N.Y.S.2d 268 (N.Y. Sup. 2004).] D . Brenda Brandt underwent an operation at the Sarah Bush Lincoln Health Center to implant a ProtoGen Sling to resolve her urinary incontinence. Instead of solving the problem, the sling resulted in serious complications and was subsequently removed. After the device was recalled by its manufacturer, Brandt sued the Health Center for breach of warranty. Does the claim involve the sale of goods or services? [Brandt v. Boston Scientific Corp., 792 N.E.2d 296 (Ill. 2003).

Use the data in Table 3.7 to estimate the two equations given previously, and use the output to answer the questions below related to each equation,

From the first equation

1.  Goldpricet=β1+β2CPIt+ut

β1= Answer (2 decimals)

β2= Answer (2 decimals)

r2= Answer (4 decimals)

SSR= Answer (0 decimals)

From the second equation,

2.  NYSEindext=β1+β2CPIt+ut

β1= Answer (2 decimals)

β2= Answer (2 decimals)

r2= Answer (4 decimals)

SST= Answer (0 decimals