Lab 1: Using the Scientific Method Worksheet

At a local town meeting, one of your neighbors complains that a nearby residence is killing his flowers because of the chemicals he uses to wash his cars. He claims that the soap runs into a stream that flows very close to his flower beds. As an inquiring student of science, you wonder whether soap can truly affect flower growth.

Based on the observation given to you, use the following questions to explain how you would set up your experiment and analyze your results.

1.       State your hypothesis. Remember that a hypothesis must be specific and testable. For example, stating that detergents are bad is not a good hypothesis (“Bad” is a generic term, it would be better to use a metric that is measurable).

2.       Explain how you would set up your control and treatment groups. What would be the same between the groups and what would be different? What species would you use for each group and how many plants total would you use?

3.       How would you collect your data for your experiment? What tools and units of measurement would you use? How often would you collect data and would you use the same methodology for both your treatment and control groups? Be specific in your answers.

In every experiment, there are some unintentional differences between the control and treatment groups. These are called sources of error. If these sources of error can be corrected we call them avoidable sources of error. An example of an avoidable source of error may be the amount of water provided to the plant. We can avoid this error by watering the plants in each group, the same amount at the same time of the day.

4. List some possible sources of avoidable and unavoidable error in your fertilizer experiment that were provided to you as examples.

5..       Explain the difference between a theory and a hypothesis.

6.       Explain the difference between the ‘everyday’ use of the word theory and the definition of a scientific theory.

7.       Why is it important to educate people on the true definition of “theory”?

Journalize the entries to record the following transactions for Wilderness Resorts Inc. Refer to the Chart of Accounts for exact wording of account titles. Jan. 31 Reacquired 21,900 shares of its common stock at $31 per share. Apr. 20 Sold 11,300 of the reacquired shares at $41 per share. Oct. 4 Sold the remaining shares at $27 per share. Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. Two hundred fifty thousand shares of common stock are authorized, and 15,100 shares have been reacquired. Common Stock, $50 par $10,650,000 Paid-In Capital from Sale of Treasury Stock 320,000 Paid-In Capital in Excess of Par—Common Stock 3,190,000 Retained Earnings 19,200,000 Treasury Stock 981,500 Rockwell Inc. reported the following results for the year ended June 30, 2016: Retained earnings, July 1, 2015 $3,965,000 Net income 742,000 Cash dividends declared 99,600 Stock dividends declared 48,900 Prepare a retained earnings statement for the fiscal year ended June 30, 2016. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers. The word “Less” is not required. Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 3% stock, $150 par, and 67,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $60,400; second year, $83,800; third year, $155,280; fourth year, $171,740. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $ $ $ $ Common stock (dividend per share) $ $ $ $

Please answer the following questions:

If Stan Sitwell had been open to George’s suggestion that they join forces, discuss two possible ways they could have acted that would be blatant violations of Section 1 of the Sherman Act.

If TBC had been able to raise the money to purchase Sitwell, what type of merger would it have been? Would the government have allowed the merger to proceed? (hint: discuss Section 7 of the Clayton Act).

Do George’s actions create an illegal monopoly under Section 2 of the Sherman Act? (hint: analyze ALL of the elements necessary to have an illegal monopoly).

The Statements of Financial Position for Kiwi Limited as at 30 June 2019 and 30 June 2020 are provided below:

Question One continued on the next page

QUESTION ONE (CONTINUED)

The Statement of Financial Performance for Kiwi Limited for the financial year ended 30 June 2020 is provided below:

Additional Information:

1. New machinery was purchased for cash during the year.

2. Cash dividend was declared and paid during the year.

3. Other Operating Expenses include depreciation expense of $79,000.

4. Additional shares were issued for cash during the year.

5. All sales and purchases are on credit throughout the year ending 30 June 2020.

6. Accounts Payable reflects inventory purchases on credit from suppliers.

REQUIRED:

1. Prepare a fully classified Statement of Cash Flows for Kiwi Limited for the year ended 30 June 2020 using the direct method. Show all workings.

(b) Based on the Statement of Cash Flows for Kiwi Limited that you have prepared,

      provide two key insights about the cash flows for the company in relation to its ability

      to meet its long-term debt obligations. (word limit: 250 words)

Please take the Ten Item Personality Inventory (TIPI) which measures the Big Five factors of personality. You will need to calculate your score for the TIPI.

Below are your scores on the Ten-Item Personality Inventory (TIPI). Your scores for each dimension are listed first in green. Below your scores are the norms for each dimension are in column one in blue. These norms are based on a sample of 1813 respondents.

1. Introduction - what do the results mean?

2. Do you believe the TIPI is an accurate description of your personality traits?

3. Is the TIPI estimated to be reliable and valid?

4. Is there a biological basis for personality traits, or are these more formed owing to one’s environment?

5. Do you believe that any Big Five personality traits have changed over the course of your lifespan, or will do so in the years to come?

6. Are your results consistent with your use of written and verbal language or music preferences?

7. Are there any personality traits which are more or less guarded depending on a person’s social situation?

8. Conclusion - is a person’s specific behavior consistent across all situations?

In this assignment, you will write a short essay discussing the results and your perspective about the results you received for the TIPI. You will need to address each of the above eight questions using the questions as headers. You should write an effective introduction and conclusion and use body paragraphs when addressing the above questions. It is anticipated that you will write an approximately eight paragraph essay.

Things to note:

• You are required to have a minimum of three peer reviewed citations for your essay.
• Please use IEEE citations

There is no word limit, but you must be sure that in addition to using correct, Standard English, that you thoroughly explain and support your points.

The Problem:

You are the HR Manager of a health food store which sells vitamins and supplements. You recently gave a health and wellness survey to your sales team and found shocking results: 95% said that they weren’t getting enough sleep each night.

When you told your boss about these results, she was very concerned that sleep could affect employees’ job performance. So, she has asked you to write a report to suggest 2 ways to help employees improve their sleep.

Please write a 1-1.5 page report which includes the 4 sections below. To decide which order to put these sections in, find out if this is a direct or indirect report.

• Introduction
• Research
• Recommendations
• Conclusion

Guidelines:

Sources

• Include at least 4 online sources (2 for each paragraph in the Research section).
• You must use endnotes, hyperlinks or APA in-text citations to cite your sources.
• Paraphrase instead of using a direct quote or copying any information from online. Copying information from online is considered plagiarism.

Grammar & Report Structure

• Ensure your sentences are under 20 words and your paragraphs are under 150 words.
• Include a title, headings and subheadings which stand out.
• Use simple and familiar language. Pretend your boss is skimming through your report quickly; would she be able to easily understand what you’re saying?
• Submit your answer in a Word document.
• Use 12-point font in Times New Roman, Calibri, Cambria or Arial.
• Make your 2 recommendations very specific and concrete so that your boss can easily apply them.
• Use transition words to connect your sentences.
• Put the subject and the predicate at the beginning of your sentences.
• Make sure your sentences and bullet points are parallel.
• Only use bullet points in your Recommendations.
• Ensure each paragraph in the Research section has a topic sentence, 2-3 supporting sentences and a conclusion.

Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders’ equity accounts of Morrow Enterprises Inc., with balances on January 1, 20Y5, are as follows: Common stock, $20 stated value (500,000 shares authorized, 383,000 shares issued) $7,660,000 Paid-In Capital in Excess of Stated Value—Common Stock 957,500 Retained Earnings 35,012,000 Treasury Stock (25,700 shares, at a cost of $18 per share) 462,600

The following selected transactions occurred during the year:

Jan. 22 Paid cash dividends of $0.06 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $21,438. Apr. 10 Issued 77,000 shares of common stock for $23 per share.Jun. 6 Sold all of the treasury stock for $27 per share. Jul. 5 Declared a 3% stock dividend on common stock, to be capitalized at the market price of the stock, which is $26 per share. Aug. 15 Issued the certificates for the dividend declared on July 5. Nov. 23 Purchased 33,000 shares of treasury stock for $20 per share. Dec. 28 Declared a $0.08-per-share dividend on common stock. 31 Closed the two dividends accounts to Retained Earnings.

Required: A. Enter the January 1 balances in T accounts for the stockholders’ equity accounts listed.

B. Journalize the entries to record the transactions, and post to the eight selected accounts. No post ref is required in the journal. Refer to the Chart of Accounts for exact wording of account titles.

C. Prepare a retained earnings statement for the year ended December 31, 20Y5. Assume that Morrow Enterprises had net income for the year ended December 31, 20Y5, of $1,196,500. For those boxes in which you must enter subtractive or negative numbers use a minus sign. The word “Less” is not required.*

D. Prepare the Stockholders’ Equity section of the December 31, 20Y5, balance sheet. For those boxes in which you must enter subtractive or negative numbers use a minus sign.* *Refer to the list of Amount Descriptions provided for the exact wording of the answer choices for text entries.

Complete the following questions. In addition to answering the items below, you must submit an analysis of the assignment. Analyze the specific outcomes and write an analysis directed toward the team at Melanie Vail Corp. describing what the numbers mean and how they relate to the business. Submit journal entries in an Excel file and written segments in an MS Word document. For written answers, please make sure your responses are well-written, formatted per CSU-Global Guide to Writing and APA and have proper citations, if applicable.

Melanie Vail Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan.

As a result of the operation of the plan during 2017, the following additional data are provided by the actuary:

Click the link below to download an Excel workbook containing the spreadsheets you will need for this exercise.

Use the spreadsheet Pensions to prepare a pension worksheet. On the pension worksheet, compute pension expense, pension asset/liability, projected benefit obligation, plan assets, prior service cost, and net gain or loss.

Prepare the journal entry using the spreadsheet Journal Entries to record pension expense in 2017.

Indicate the reporting of the 2017 pension amounts in the income statement and balance sheet using the spreadsheet Pensions.

What is the amount of deferred pension gain or loss that the company will carry forward to 2018?

Compute the same items as in (#1), assuming that the expected rate of return is 14% and the Accumulated OCI (Gain/Loss) is a Debit balance at January 1, 2017.

Prepare the cash budget and determine the cash inflows, cash outflows, and the expected change in cash each month.

The management estimates total sales for the period January, 2019 through June 2019 based on actual sales from the immediate past six months. The following assumptions are made:

 The Sales were $125,000 in July 2018 and then the sales grew by 8% each month for the first three months (i.e., August to October 2018) and by 6% for the next two months (i.e., November and December 2018). The sales are expected to grow by 3% each month thereafter.

 35% of the Sales are collected in the same month. 33% of the sales are collected in the following month. 31% of the sales are collected after two months and the remainder are not collected.

 The Purchases are 60% of each month’s sales and paid in the same month.

 Wages and Salaries are $25,000 each month and paid in the same month.

 Other administrative expenses are $15,000 and paid in the same month.

 Depreciation expense is $5,000 each month.

 An electrical device worth $150,000 will be purchased on credit in April 2019. $75,000 will be paid immediately and the balance will be paid in May, 2019.

 The company had previously taken a loan of $125,000. The annual interest rate is 5%. The interest is paid twice a year in June and December each year. Assume that no principal repayments are made in this period, only interest payments are made.

 The company pays rent of $2,500 quarterly (in March, June, September, and December each year).

Questions:

1. Determine the total cash inflows, the total cash outflows, and the expected change in cash for each month from January to July, 2019. Show your work in excel using excel functions. Based the findings, explain in your own words whether the company should borrow/invest and how much and in which months. [4.50 points]

2. Describe in your own words some of the credit monitoring techniques that the company may adopt. Please write your answer in another tab on the same excel file, no need to upload another Word Document file or type your answer elsewhere. [0.50 points]