Which of the following are goals of the Patient Protection and Affordable Care Act of 2010? Select all that apply.

A. Expand access to those without health coverage

B. Eliminate insurance companies

C. Improve affordability to those who are already covered

D. Slow the annual rise in health care costs while not adding to the federal budget deficit

A company expanded into a new market in 2010. The expansion required an investment of $100 in fixed assets per year for seven years (starting 2011). However, at the end of 2015, the company decided to terminate the project and sell off the fixed assets in place. Assume 30% tax rate and zero starting value of fixed assets. All fixed assets were depreciated following the MACRS schedule shown below. How much was the depreciation tax shield in year 2015?

Group of answer choices

$24

$17.28

None of the above

$28.27

$30

On January 1, 2010, the Felix Company purchased a machine to use in the manufacture of its product. The invoice cost of the machine was $260,000. At the time of acquisition, the machine had an original estimated useful life of 10 years and an estimated salvage value of $20,000. Annual depreciation was recorded at $24,000 per year. The machine was depreciated using the straight-line method.

On August 1, 2015, Felix exchanged the old machine for a newer model. The new machine had a fair market value of $200,000. The estimated fair value of the old machine was $150,000. Felix also paid $50,000 as part of the exchange transaction.

The old machine was depreciated on Felix’s books up through December 31, 2014.

Required

1. Bring Felix’s depreciation on this machine up to date through the date of the exchange.

2. Prepare the journal entry on August 1, 2015 to record the exchange assuming that

1. the exchange transaction had commercial substance.

2. the exchange transaction lacked commercial substance.

In 2010, it was reported that teens sent on average 3,300 texts per month. It is believed that the number of texts sent has increased. In fact, a recent random sample of 60 teens showed that they send an average 3,500 texts per month(X¯=3,500 textsX¯=3,500 texts)  with a sample standard deviation of 500 texts (s=500 textss=500 texts). Assume that the random variable, number of texts sent by teens (denoted by X), is normally distributed.

Is this sufficient statistical evidence to show that teens are now sending on average more than 3,300 texts per month?

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Specify the null and alternative hypotheses.

Select one:

a. H(0): μ≥3,300μ≥3,300   versus H(a): μ<3,300μ<3,300

b. H(0): μ≤3,300μ≤3,300 versus H(a): μ>3,300μ>3,300

Question 17

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The standard error (SE) of X¯X¯ is

Select one:

a. 64.55

b. 0.24

c. 0.76

d. 3.01

Question 18

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The test statistics value is

Select one:

a. 2.08

b. 0.53

c. 0.66

d. 3.10

Question 19

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The p-value is

Select one:

a. 0.999

b. 0.973

c. 0.001

d. 0.301

Question 20

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At α=0.01 and using the p-value

Select one:

a. We do not reject H(0)

b. We reject H(0) in favor of H(a)

Alpaca Inc. purchased a corner lot in 2010 at a cost of $500,000. The lot was recently appraised at $800,000. At the time of the purchase, the company spent $25,000 to grade the lot and has been leasing this place as a parking lot for $10,000 a year. The renewal for the lease contract was not expected to expire until 2030. The company now wants to build a new retail store on the site. The building cost is estimated at $75,000.

* Choose all values to be considered and included in calculating the free cash flows for capital budgeting.

1. Purchase price of the corner lot @ $500,000
2. Appraisal of $800,000
3. Grading @ $25,000
4. Parking lot lease @ $10,000 per year
5. Cost to build a new retail store @ $75,000

Group of answer choices

* Choose all values to be considered and included in calculating the free cash flows for capital budgeting.

1. Purchase price of the corner lot @ $500,000
2. Appraisal of $800,000
3. Grading @ $25,000
4. Parking lot lease @ $10,000 per year
5. Cost to build a new retail store @ $75,000

Group of answer choices

I and IV only

II and V only

II, III, and IV only

II and IV only

II, IV and V only

At a trade fair in Leipzig, Germany in October 2010 Mascot’s representative was approached by a major German manufacturer of workwear, who wanted the German manufacturer and Mascot to cooperate on pricing and workwear models, so that they would not, as the representative said, "compete each other out of business". Please analyze what legal problems can be linked to the listed events? You must provide a legal justification for the solution

The respondents of the 2010 HINTS reported their psychological distress on a scale between 0 and 24. In the table below, you will see separate data on two groups of respondents’ distress scores: those who have ever been diagnosed as having cancer, and those who have not.

*formula 4.2 on page 109 and formula 4.3 on page 110 is very helpful to complete this problem set.      

1. Calculate the variance and standard deviation from these statistics for both groups. (4 points)

b.What can you say about the variability in the distress scores for those respondents who have been diagnosed as having cancer and those who have not? Why might there be a difference? Why might there be more variability for one group than for the other? (4 points)

c.Was it necessary in this problem to provide you with the mean value to calculate the variance and standard deviation?

On 4 February 2010 a company issued a bond with a face value of $500,000 that matures exactly 25 years later. The coupon rate is 5% p.a. compounded half-yearly. What is the bond's value on 4 February 2018 assuming the market yield is 8% p.a. compounded half-yearly.

a. $230,139.97

b. $670,428.40

c. $408,757.48

d. $361,916.02

e. $363,175.43

In 2010 and 2011, the government of Greece risked defaulting on its debt due to a severe budget crisis.  Using appropriate bond market graphs, explainthe effects on the risk premium between U.S. Treasury debt and comparable maturity Greek government debt

The mean annual salary offer for a student graduating with a degree in accounting (in 2010) was $48,722.

Suppose that a randomly selected sample of 20 accounting graduates shows an average salary offer of $49,850 with a standard deviation of $3300.

A. How many degrees of freedom are there for the t distribution?  

B. Assume that the population distribution is normal. What is the value of the test statistic, t? Give your answer to two decimal places.

C. If we use a significance level of 0.05, what is the critical value of t? (Hint: Use the attached table. Is this for a one-sided or two-sided test?)