A Relaxin receptor agonist drug (RRA01) for the acute heart failure treatment is developed by the Sunny Pharmaceutical Company. It is a publicly traded company. The reduction of cardiovascular death (mortality) was used as the end point (results of the research) for this investigation. The null hypothesis is “there is no difference in the cardiovascular mortality reduction between patients who received RRA01 (treatment group) and those who did not receive RRA01 (control group). Discuss the impact (on the company and/or on the patients) of the following two possible clinical trial results to the Sunny Pharmaceutical Company, staff of the company, and the patients. 1. p = 0.002 as the hypothesis test results 2. p = 0.3 as the hypothesis test results.

Use the information below for ABC Co. to answer the following questions (#15 – 26).

Balance Sheet                                      December 31

                                                                                                                  2005                   2004    

Assets

Cash                                                                                                         $  20,000            $  10,000

Accounts receivable                                                                                    160,000              110,000

Inventories                                                                                                   80,000                50,000

Prepaid Rent                                                                                                 15,000                10,000

Investments                                                                                                100,000                75,000

Plant assets                                                                                                 210,000              250,000

Accumulated depreciation                                                                           (65,000)              (60,000)

         Total                                                                                                $520,000            $445,000

Liabilities and Stockholders' Equity

Accounts payable                                                                                      $  50,000            $  40,000

Interest payable                                                                                             20,000                  5,000

Income tax payable                                                                                         5,000                10,000

Note payable                                                                                               130,000              140,000

Common stock                                                                                            155,000              100,000

Retained earnings                                                                                        160,000              150,000

         Total                                                                                                $520,000            $445,000

Income Statement

For the Year Ended December 31, 2005

Sales                                                                                                                                  $800,000

Cost of goods sold                                                                                                                 480,000

Gross Profit                                                                                                                             320,000              

Operating expenses (including Depreciation Expense)                                  120,000

Interest expense                                                                                           20,000

Income tax expense                                                                                      25,000

         Total                                                                                                                           165,000

Income before Gains and Losses                                                                                            155,000

Gain on sale of plant assets                                                                                                        5,000   

Net income                                                                                                                       $  160,000

Additional information:

Accounts payable pertain to the purchase of inventory.

Plant assets were sold for $40,000. The cost of the plant assets was $40,000.

All dividends are cash.

For the year 2005:

Cash received/collected from customers is:

Purchases for the year is:

Cash paid to suppliers is:

Depreciation expense is:

The following data were recorded as part of a study on sustainable farming techniques that took place in Boone County, IA. (Davis, Adam S. et al. Increasing Cropping System Diversity Balances Productivity, Profitability and Environmental Health. PLOS ONE. October 10, 2012. DOI:10.1371/journal.pone.0047149) Means are for the April-November growing seasons.

(1): Construct a two-way scatter plot for “air temperature” against the “total precipitation” and on a separate graph construct a two-way scatter plot for “air temperature” against “log of total precipitation”. Looking at the two graphs you plotted, explain as to which of these two do you consider to be closest to a linear relationship?

(2): At the 0.05 level of significance, test the null hypothesis that the (“air temperature” and the “total precipitation”) population correlation coefficient [ρ] is equal to 0.

(3): Compute the equation of the linear regression relationship between the “air temperature” and “total precipitation”.

Chapter 3 Understanding Financial Statements and Cash Flow

Overview: We looked at standardized financial statement, introduces financial ratio analysis, and describes how to use financial statements.

Discuss the following question in one page discussion notes the question below and use the terms above in the discussion posts Minimum one page:

Discuss the advantage as well as limits of ratio analysis for publicly traded corporations.

The Securities Act of 1933

Assignment Details

This assignment has 3 parts:

How do accounting policies and practices affect financial accounting information used for "external" decision making purposes?

What governing and oversight bodies exist to help ensure timely and accurate reporting of financial information by publicly traded companies?

How to internal controls help ensure that financial results are accurately and fairly presented for use by external users?

74% of freshmen entering public high schools in 2006 graduated with their class in 2010. A random sample of 81 freshmen is selected. Find the probability that the proportion of students who graduated is greater than 0.750 . Write only a number as your answer. Round to 4 decimal places (for example 0.1048). Do not write as a percentage.

1. Please develop a brief decision-making process to make a recommendation for evaluating a stock (publicly traded) – buy.

2. Now, develop a brief decision-making process to make a recommendation for evaluating a stock (publicly traded) - sell.

3. You are a fresh analyst hired by the CFO of a small to midsized company. She is aware of the fact you wrote a paper of Financial Statement analysis and wants to check your financial knowledge as well as common sense: There are two firms, A and B. A is a healthy, well -funded and profitable firm. B, on the other hand, is cash starved, facing potential (but not yet) bankruptcy. She has information about the following classes of ratios for both firms: Liquidity, Asset Management, Debt Management, Profitability and Market Value Ratios. She said to you,” I don’t have time to look at all these ratios, I would like you to rank order three classes of ratios in each case (One ranking for firm A and another ranking for firm B) based on the particular situation each firm is in (healthy vs. failing). I understand that the two sets could be quite different. I would like you to explain why you choose that particular rank ordering in each case. While ranking, you may simply indicate the class of ratios (for example, profitability), rather than a specific ratio within that class, such as Return on Assets (ROA).”

- Which statement below is most accurate for non-recognition of gains?

Non-recognition of gains is only available for NHCEs.

Non-recognition of gains works best when paired with a Profit Sharing Plan.

Non-recognition of gains occurs when a departing owner in an ESOP uses the cash out proceeds to purchase another publicly-traded stock (or a series of publicly-traded stocks).

- All of the following statements concerning profit-sharing plans are correct EXCEPT:

They allow for a deductible contribution of up to 25% of the aggregate compensation of all eligible participants.

They can only be funded if the employer has profits.

They can be designed to allow plan sponsors contribution flexibility.

They can be designed to enable the employer to periodically skip contributions if the business is not profitable…as long as the periodic skipping does not become a frequent trend.

Assume there is a variable, nobel _peace _prizes,
that is contains a dictionary that maps year's to winners of the Nobel Peace Prize 'f'or that year and assume it is up to date through the year 2005.Write a statement that adds an entry that maps the key 2006 to "Muhammad Yunus and Grameen Bank".

In Python programming language