What is the authoritative source of Generally Accepted Accounting Principles (GAAP) for non-governmental entities? What if non-governmental entities are publicly-held? What if you cannot find specific or similar guidance for your particular transaction or event – what are a few nonauthoritative sources of GAAP?

A statistical program is recommended.

A study investigated the relationship between audit delay (Delay), the length of time from a company's fiscal year-end to the date of the auditor's report, and variables that describe the client and the auditor. Some of the independent variables that were included in this study follow.

A sample of 40 companies provided the following data.

(a) Develop the estimated regression equation using all of the independent variables. Use x₁ for Industry, x₂ for Public, x₃ for Quality, and x₄ for Finished. (Round your numerical values to two decimal places.)

ŷ =

(b) Did the estimated regression equation developed in part (a) provide a good fit? Explain. (Use α = 0.05. For purposes of this exercise, consider an adjusted coefficient of determination value high if it is at least 50%.)

No, testing for significance shows that all independent variables except Public are not significant.

Yes, testing for significance shows that the overall model is significant and all the individual independent variables are significant.  

  Yes, the low p-value and high value of the adjusted coefficient of determination indicate a good fit.

No, the low value of the adjusted coefficient of determination does not indicate a good fit.

(c) Develop a scatter diagram showing Delay as a function of Finished.

What does this scatter diagram indicate about the relationship between Delay and Finished?

The scatter diagram suggests a linear relationship between these two variables.

The scatter diagram suggests no relationship between these two variables.     

The scatter diagram suggests a curvilinear relationship between these two variables.

(d) On the basis of your observations about the relationship between Delay and Finished, use best-subsets regression to develop an alternative estimated regression equation to the one developed in (a) to explain as much of the variability in Delay as possible. Use x₁ for Industry, x₂ for Public, x₃ for Quality, and x₄ for Finished. (Round your numerical values to two decimal places.)

ŷ =

the ideal response to this discussion?

The startup I chose is called Fast. In partnership with vendors, Fast is designed to allow users to skip filling out their address, credit card information, and phone number every time they make an online purchase (“Fast”, n.d.). The goal of Fast is to allow one-click checkout for all online stores (Gagne, 2020). Its first product, Fast Checkout, launched last month (Gagne, 2020). Users create an account and are able to pay with one click when they are logged in and shopping from one of Fast’s partner websites. The business model hypothesis for Fast appears to be: We provide one-click checkout for users of partner websites where buyers would need to enter all of their billing information otherwise. Our customers are online shoppers who want the one-click purchasing experience of Amazon on other websites. Our dedicated e-commerce website allows customers to register for an account. We will develop customer relationships through online sales of our products. We will generate revenue through service charges associated with our products. In order to succeed, we will need qualified personnel, cybersecurity measures, and intellectual property. We will need to be partnered with popular online sellers. We will seek out partnerships with online sellers in order to provide our service on those sites. With $22.5 million in funding, we will need to invest in partner relationships (“Fast”, n.d.). I think that Fast is in the search stage, because they are still testing and proving their initial hypotheses. They are still in search of the right business model. In the execution stage, an established company knows its “customers, problems, and necessary product features...” (Blank & Dorf, 2020, p.11). On the other hand, Fast is still trying to figure these things out.

The First National Bank of Wilson has 740 checking account customers. A recent sample of 60 of these customers showed 36 have a Visa card with the bank.

evaluate the 5 Conditions of the deal between amazon and Souq

1 Both the companies will make sure that they will provide best possible services to the customers.
2 They will expand delivery capabilities.
3 Customers obsession will have prior position than committing to operational excellence and competitor focus.
4 The acquisition will assure the growth of both the companies.
5 New products will be designed to facilitate the customers worldwide.

2..Price discrimination requires the ability to distinguish customers who are the most price- sensitive and the ability to prevent arbitrage (resale of your products by customers who buy at low prices). What attributes of healthcare products make these tasks easy to do?

3..Can you think of a healthcare firm that does not price discriminate (i.e., charge different customers different amounts for the same product)?

Hikma pharmaceuticals & Dar Al-Daw’a pharmaceuticals are operating in the same business. Dar Al-Daw’a gets all its business from 3 large customers. While Hikma has a more diversified portfolio of customers with 300 customers. Assuming that the firms are of similar size and have similar operating income, which firm would you expect to have more bankruptcy risk and why?

A barber shop has an average of 12 customers between 8.00am and 9.00am every Saturday. Customers arrive according to Poisson distribution. Let X represent the time between arrivals.

(a) Construct the distribution for the random variable X?

(b) Find the mean and standard deviation of X.

(c) What is the probability that the time between consecutive arrivals (customers) will fall between 3 and 6 minutes?

The First National Bank of Wilson has 620 checking account customers. A recent sample of 60 of these customers showed 28 have a Visa card with the bank. Construct the 95% confidence interval for the proportion of checking account customers who have a Visa card with the bank. (Use z Distribution Table.) (Round your answers to 3 decimal places.)

Confidence interval for the proportion is between and .

1.

On January 1, Year 1, Jing Company purchased office equipment that cost $18,300 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2800. The equipment had a five-year useful life and a $7140 expected salvage value.

Assuming the company uses the double-declining-balance depreciation method, what are the amounts of depreciation expense and accumulated depreciation, respectively, that would be reported in the financial statements prepared as of December 31, Year 3?

Group of answer choices

$4147 and $22,947

$456 and $7140

$6912 and $18,432

$0 and $18,800

2.

On January 1, Year 1, Jing Company purchased office equipment that cost $18,200 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2700. The equipment had a five-year useful life and a $6860 expected salvage value.

Assume that Jing Company earned $28,600 cash revenue and incurred $18,000 in cash expenses in Year 3. The company uses the straight-line method. The office equipment was sold on December 31, Year 3 for $10,300. What is the company's net income (loss) for Year 3?

Group of answer choices

$2780

$5680

$6720

($2980)