QUESTION 1

Answer the following multiple-choice questions. Indicate your choice by selecting only one option from the four options given for each question answered.

(a) Which one of the following is not considered to be an enhancing qualitative characteristic to ensure the usefulness of information that is already relevant and faithfully represented in terms of The Conceptual Framework for Financial Reporting 2018?

1) Completeness;

2) Comparability;

3) Timeliness;

4) Understandability.

(b) Which one of the following is not an objective of financial statements to provide information of an entity that is useful to a wide range of users when making economic decisions as set out by IAS 1?

1) Statement of financial position;

2) Statement of financial performance;

3) Statement of cash flows;

4) Statement of budget forecasts.

(c) In accordance to IAS 2 the historical cost of inventories does not include:

1) Purchasing costs;

2) Selling expenses;

3) Conversion costs;

4) Other costs incurred in bringing inventories to their present location and condition.

(d) On 1 January 2020, Duma Ltd issued a bond with a nominal value of R500 000 and a coupon rate of 8% (annually in arrears) when the market rate was also 8%. The bond will be redeemed at a 10% premium above nominal value on 31 December 2022. Transaction costs paid by Duma Ltd amounted to R30 000. The effective interest rate is:

1) 8,00%;

2) 10,99%;

3) 13,48%;

4) 10,43%.

(e) Moola Ltd sold goods to a customer for a total consideration of R181 500, payable 24 months after delivery. The customer obtained control of the products on delivery. The cash selling price of the goods amounted to R150 000 and represents the amount that the customer would pay upon delivery instead of over 24 months. Moola Ltd will recognize:

1) Revenue of R181 500 on delivery;

2) Revenue of R181 500 after 24 months;

3) Revenue of R150 000 on delivery and interest income of R31 500 over 24 months;

4) Revenue of R150 000 on delivery and interest income of R31 500 after 24 months.

(MATLAB Question)

1a. Establish a variable “x” that goes from -10 to 10 in increments of .1

1b. Create an equation of a line (y=mx+b) based on “x” with slope m=2 and y-intercept 2. (y=2x+2)

1c. Plot the line (plot(x,y)).

1d. Turn on a plot hold (hold on).

1e. Create a second equation of a line (y=mx+b) based on “x” with negative slope, slope m=-2 and a negative y-intercept -2. (y=-2x-2)

1f. Plot the second line (plot (x,y))

1g. Create a quadratic equation for y. y=-4x2+4x+4 (y=-4*x.^2+4*x+4) (Use .^ for the squared command)

1h. Plot the quadratic (plot(x,y))

1i. Turn hold off (hold off)

This is my final product. The graph screen appears with no graph and not sure what I'm missing.  

x = [-10,.1,10] %Variable "x" that goes from -10 to 10 in increments of .1

m = 2; %slope

b = 2; %intercept

x = -10;10; %value range for x, plotting 10 points in range -10 to 10

y = m*x+b; % equation of line

plot(x,y); %plot the graph for x and y

hold on %hold on the graph

m = -2; %slope

b = -2; %intercept

x = linespace(-10,10,10); %value range for x

y = m*x+b; %equation of line

plot(x,y); %plot the graph for x and y

y=@(x)-4*x.^2+4*x+4; % quadratic equation

%plotting the function

x=0:0.1:10;

plot(x,y)

hold off

1. You want to know if, on average, households have more cats or dogs. You take an SRS of 8 households and find the data below. # of cats, 2, 0, 3, 2, 0, 4, 0, 2, and the number of dogs is 1, 1, 3, 4, 0, 2, 2, 1. a) determine the populations and parameters being discussed b) determine which tool will be help us find what we need (one sample z test, one sample t test, two sample t test, one sample z interval, two sample t interval) c) Check if the conditions for this tool holds d) Whether or not the conditions hold, use the tool you chose in part (b). Use C=95% for all confidence intervals and a a=5% for all significance test. *be sure that all methods end with a sentence describing the results*

Question 2

The total quantity of natural resources to be extracted is 100 units, the rate of return is 5%pa the price now is $20 per unit, the price in 1 year is $30 per unit and the marginal extraction cost for both points in time is the same $10 per unit. How many units should be extracted now? Choose at least one correct answer

1. Approximately 66 units

2. Approximately 100 units

3. Approximately 0 units

4. Approximately 35 units

Question 3

To get the marginal user cost, for Question 2 above, it is simply price less the marginal extraction cost.

1. True

2. False

Question 4

Hotelling rule states that "the value of extracting a quantity of resources now and then earning interest on it such that the value grows to a future point in time" is equal to "the value of extracting a quantity of resource at the same future point in time".

1. True

2. False

A university is interested in whether there's a difference between students who live on campus and students who live off campus with respect to absenteeism. Over one semester, researchers take random samples of on-campus and off-campus students and record the following number of classes each student misses.

On-campus: (3, 4, 0, 6, 2, 1, 3, 3, 5, 2, 4, 4, 6, 5, 2)

Off-campus: (6, 5, 2, 6, 2, 0, 7, 8, 1, 7, 2, 6, 5, 3, 2)

a) Using a 5% significance level, test whether or not there is a difference between the two groups.

b) Compute and interpret a 95% confidence interval for the difference between the number of classes missed by each group of students. Make sure to show your plug-ins.

c) Based on the confidence interval you created in part B, draw a conclusion about the differences between the means of the two groups.

When doing your calculations, round to the nearest whole dollar amount AND the nearest whole number of shares,  Enter your answers in whole dollar amounts, without '$' signs and without commas.

This fact pattern spans three years. All eight requirements are based on this fact pattern. However, #1 only asks the balance in the Common Stock account at the end of Year 2. 

●Issuance of Shares: Company issued 6,000 common shares with a $10 per share par value for $95,000 cash early in Year 1. At the same time the firm issued 500 shares of its $50 par value 8% preferred stock for $35,000 cash. The preferred shares are participating and cumulative. In Year 1, Company had Net Income of $70,000.

●On January 1, Year 2, the firm issued a 30% common stock dividend when the shares had a fair market value of $25 per share. No cash dividends were paid in Year 2. During Year 2, the firm had Net Income of $75,000.

When doing your calculations, round to the nearest whole dollar amount. When entering your answers, round to the nearest whole dollar amount, do not use '$' signs OR commas.

#1: Common Stock balance at the end of Year 2:    ______________

The other requirements are shown here for your convenience in responding to all the requirements in this quiz.

#2: Retained Earnings balance at the end of Year 2:  _____________

●Early in Year 3, Company distributed a 10% common stock dividend when the fair market value of the common shares was $28 each. Net Income in Year 3 was $80,000. The firm declared and distributed a cash dividend in Dec. Year 3 in the amount of $29,000.

#3: Retained Earnings balance at Dec. 31, Year 3    _____________

#4: Cash paid to common shareholders in Year 3:     _____________

#5: Balance in Common Stock account at Dec. 31, Yr 3: _____________

●On Jan. 1, Year 4, Company declared and distributed a 5% stock dividend when the fair market value of each common share was $40. Cash dividends declared and distributed late in Year 4 amounted to $38,000. Net Income for Year 4 was $85,000.

#6: Retained Earnings balance at Dec. 31, Year 4      $_____________

#7: Cash paid to preferred shareholders in Year 4:        $_____________

#8: Balance in Common Stock account at Dec. 31, Yr. 4: $_____________

Show all work

There are two groups, like Pizza and Fries on sleep hours.
Pizza     Fries
4             5
5             9
4             6
7             4

Step 1: Find SS for Pizza.
Step 2: Find SS for Fries .
Step 3: Find the pooled variance.
Step 4: Find the estimated standard error.

Stacy randomly survey 20 people and asked them how many people live in their home
Let x=the number of people in each household
Let n=the number of people surveyed

response of the 20 people surveyed:

1.Obtain a 95% confidence interval for the mean number of people per household
2.Using a=.05,
a)If your point estimate, μ>2.8, test to see if there is enough significant evidence to support the claim that the average number people per household is greater than 2.8.
b.If your point estimate, μ<2.8, test to see if there is enough significant evidence to support the claim that the average number people per household in is less than 2.8.

Period    Jazman Solomom

1.    $7 $26

2.    $ 10    $ 27

3 .    $8    $ 34

4. $14    $30

a. From the price data, compute the​ holding-period returns for Jazman and Solomon for periods​ 2, 3 and 4.

The​ holding-period return in period 2 for Jazman is:    ​%. (Round to two decimal​ places.)

The​ holding-period return in period 3 for Jazman is? %.

The​ holding-period return in period 4 for Jazman is?    %.

From the price data in the​ table, compute the​ holding-period returns for Solomon for periods 2 through 4.

The​ holding-period return in period 2 for Solomon is?    %

The​ holding-period return in period 3 for Solomon is ?    %

The​ holding-period return in period 4 for Solomon is ? %

b. Judge whether the statement is true or​ false: "The​ holding-period rate of return is the return an investor would receive from holding a security for a designated period of​ time."

Use Python to solve: show all work

1) Write a program that prints out a deck of cards, in the format specified below. (That is, the following should be the output of your code).

2 of hearts

2 of diamonds

2 of spades

2 of clubs

3 of hearts

3 of diamonds

3 of spades

3 of clubs

4 of hearts

4 of diamonds

4 of spades

4 of clubs

Continue with 5,6,7.. ending with

A of hearts

A of diamonds

A of spades

A of clubs

Start your program by defining the following two lists.

suits = ["hearts", "diamonds", "spades", "clubs"]

ranks = [“2”, “3”, “4”, “5”, “6”, “7”, “8”, “9”, “10”, “J”, “Q”, “K”, “A”]

Remember you can use the for statement to get elements of a list.

For example if lst = ["A","B","C"] then

for elem in lst:

    print (elem)

would print

A

B

C