It is estimated that, of the people viewing a certain movie over the weekend, 45 percent were adult women, 42 percent were adult men, and 13 percent were children.

If we randomly interview people at a theatre about the movie, each interview takes a few minutes, so we will not interview people in the same group or family. So we may assume that their gender and age classification is independent from person to person.

a. What is the probability that the first five people we interview are all adults?

b. What is the probability that the first adult we interview is a female?

Hot & Cold and Caldo Freddo are two European manufacturers of home appliances that have merged. Hot & Cold has plants in France, Germany, and Finland, where Caldo Freddo has plants in the United Kingdom and Italy. The European market is divided into four regions: North, East, West, and South. Plant capacities (millions of units per year), annual fixed costs (millions of euros per year), regional demand (millions of units), and variable production and shipping costs (euros per unit) are listed in the following table.

Each appliance sells for an average price of 300 euros. All plants are currently treated as profit centers, and the company pays taxes separately for each plant. Tax rates in the various countries are as follows: France, 0.25; Germany, 0.25; Finland, 0.3; UK 0.2; Italy, 0.35.

1. Before the merger, what is the optimal network for each of the two firms if their goal is to minimize costs? What is the optimal network if the goal is to maximize after-tax profits?

Suppose you run an accounting firm and you're concerned about gender discrimination in the hiring process. The hiring process at your firm consists of two stages: review of resumes and then an in-person interview. Imagine that for a particular position your firm gets 120 resumes, 40 of which are from women. Your company will select 20 resumes for the in-person interview. If very few women are selected for the interview stage, it might be due to random chance or it might be due to sexism. (Assume every applicant, regardless of gender, is equally qualified.) To inform you on which it is, you need to know the likelihood that it's due to random chance. Using the appropriate distribution function in Excel, determine the chance of zero women making it to the in-person stage. Express your answer as a decimal to four places. Include a zero before the decimal point.

Please only provide feedback for this discussion:

One major conflict of interest for a board member is when the CEO of the company is on the board, in anyway, but especially as the chair of the board. This is a problem for the company and shareholders because the board determines the salary of the CEO. The board is also in place to make decisions that would be in the best interest of the company and the shareholders, not just for the CEO, who is more likely to be looking for a way to build the company in order to increase their own salary. This could be avoided by no allowing the CEO to sit on the board at all.

Another way that a board could act unethically is to buy up major shares in the company to keep a buyout from happening. Often the buyout is necessary for growth, but the board will act in a way to keep their jobs, salaries and benefits. It seems like this could be unavoidable, but shareholders should determine the amount of shares needed to accomplish a buy out.

LA 1.2

A conflict of interest is usually understood by all involved and can be found in rules or regulations set by a company, for example, it is a conflict of interest in the U.S. Government or Military to have a spouse in command of their spouse. Morale reasoning is individually based and can change depending on who has to evaluate the situation.

Problem 17-06

Tamarisk Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date.

On October 10, 2020, the Horton shares were sold at a price of $54 per share. In addition, 3,040 shares of Patriot common stock were acquired at $56 per share on November 2, 2020. The December 31, 2020, fair values were Monty $114,890, Patriot $139,880, and Oakwood $186,000.

Prepare the journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

use the data below to explain the current state of the economy. Explain what EACH piece of data illustrates about the economy’s health as well as the OVERALL health of the economy. Use the information from this week's lesson to help you formulate your answer and use those economic terms and concepts.

Economic Data:

1. According to the Bureau of Economic Analysis the 2^nd quarter of 2020 saw anunprecedented decline in real GDP of 32.9% due to the Coronavirus pandemic.

2. According to the Bureau of Labor Statistics the Inflation Rate calculated using the CPI is 0.6% as of June 2020 which is significantly lower than an average of 2.3% in 2019. According to the Federal Reserve, the inflation rate over the past 18 years as measured by the PCE index is as follows:

3. According to the Bureau of Labor Statistics the unemployment rate for August of 2020 is 10% which has risen significantly from 3.5% from March of 2020.
4. The Dow Jones Industrial Average (Links to an external site.) indicates the movement of the stock market over the past 130 years:
5. According to the University of Michigan’s Consumer Sentiment Survey, consumers’ expectations are:

On January 1, 2020, Stream Company acquired 30 percent of the outstanding voting shares of Q-Video, Inc., for $758,000. Q-Video manufactures specialty cables for computer monitors. On that date, Q-Video reported assets and liabilities with book values of $1.8 million and $750,000, respectively. A customer list compiled by Q-Video had an appraised value of $268,000, although it was not recorded on its books. The expected remaining life of the customer list was eight years with straight-line amortization deemed appropriate. Any remaining excess cost was not identifiable with any particular asset and thus was considered goodwill.

Q-Video generated net income of $288,000 in 2020 and a net loss of $136,000 in 2021. In each of these two years, Q-Video declared and paid a cash dividend of $10,000 to its stockholders.

During 2020, Q-Video sold inventory that had an original cost of $94,080 to Stream for $168,000. Of this balance, $84,000 was resold to outsiders during 2020, and the remainder was sold during 2021. In 2021, Q-Video sold inventory to Stream for $184,000. This inventory had cost only $138,000. Stream resold $92,000 of the inventory during 2021 and the rest during 2022.

For 2020 and then for 2021, compute the amount that Stream should report as income from its investment in Q-Video in its external financial statements under the equity method. (Enter your answers in whole dollars and not in millions. Do not round intermediate calculations.)

On January 1, 2017, Portland Company acquired all of Salem Company’s voting stock for $16,000,000 in cash. Some of Salem’s assets and liabilities at the date of purchase had fair values that differed from reported values, as follows:

Salem’s total shareholders’ equity at January 1, 2017, was $4,000,000. It is now December 31, 2020 (four years later). Salem’s retained earnings reflect the accumulation of net income less dividends; there have been no other changes in its retained earnings. Salem does not report any other comprehensive income. Cumulative goodwill impairment to the beginning of 2020 is $2,000,000. Goodwill impairment for 2020 is $500,000. Portland uses the complete equity method to account for its investment. The December 31, 2020, trial balance for Salem appears below.

On the 2020 consolidation working paper, eliminating entry (R) reduces Investment in Salem by

$3,100,000

$5,200,000

$6,400,000

$8,000,000

It is estimated that 30% of university students are taking five or more classes this semester (let us call them full-load students). Among the full-load students, 20% are working part-time. On the other hand, among the non-full-load students, 60% are working part-time.

a) When a university student is randomly selected, what is the probability that one is a full-load student and working part-time? [2]

Define event A as: university students taking five or more classes (or being full-load students).

Define event B as: university students working part-time.

b) When a university student is randomly selected, what is the probability that one is working part-time but not taking full-load? [2]

Jeremy Moon, the founder of Icebreaker, is committed to having his company embrace "ethical business practices". Identify some of those ethical business practices. Are you surprised that they produce their products in China?