Questions
2. Clarksville Printing Company sold 1,500 finance books for $85 each to University of the West...

2. Clarksville Printing Company sold 1,500 finance books for $85 each to University of the West Indies (UWI) in 2019. These books cost Clarkesville $62 each to produce. In the marketing of the books, the Company paid $4,600 to a marketing firm, and it also borrowed $50,000 on January 1, 2019, on which the Company paid 10 percent interest. Both interest and principal are paid on December 21, 2019. Depreciation expense for the year was $8,000 and Clarksville’s tax rate is 25 percent. a. Verify whether Clarksville Printing Company made a profit in 2019, by presenting an income statement in good form. b. Explain the impact of the new loan of $50,000 and the depreciation expense on the cash flows. c. Determine the Operating Cash Flow for Clarksville Company. What accounts for the difference in the net income and the operating cash flow?

In: Finance

2. Clarksville Printing Company sold 1,500 finance books for $85 each to University of the West...

2. Clarksville Printing Company sold 1,500 finance books for $85 each to University of the West Indies (UWI) in 2019. These books cost Clarkesville $62 each to produce. In the marketing of the books, the Company paid $4,600 to a marketing firm, and it also borrowed $50,000 on January 1, 2019, on which the Company paid 10 percent interest. Both interest and principal are paid on December 21, 2019. Depreciation expense for the year was $8,000 and Clarksville’s tax rate is 25 percent.

a. Verify whether Clarksville Printing Company made a profit in 2019, by presenting an income statement in good form.

b. Explain the impact of the new loan of $50,000 and the depreciation expense on the cash flows.

c. Determine the Operating Cash Flow for Clarksville Company. What accounts for the difference in the net income and the operating cash flow?

In: Finance

TARTAN LTD. is a company operating in Nova Scotia. Currently, the company uses the following two...

TARTAN LTD. is a company operating in Nova Scotia. Currently, the company uses the following two CCA classes. Class 8 (CCA rate 35%) Class 5 (CCA rate 20%) During 2019, the company purchased $85,000 worth of Class 8 assets and $200,000 worth of Class 5 assets. Calculate TARTAN LTD’s total CCA in 2019 and 2020 due to these two purchases.

In: Finance

Al is a medical doctor who conducts his practice as a sole proprietor. During 2020, he...

Al is a medical doctor who conducts his practice as a sole proprietor. During 2020, he received cash of $398,800 for medical services. Of the amount collected, $37,200 was for services provided in 2019. At the end of 2020, Al had accounts receivable of $88,000, all for services rendered in 2020. In addition, at the end of the year, Al received $11,000 as an advance payment from a health maintenance organization (HMO) for services to be rendered in 2021.

a. Compute Al's gross income for 2020 using the cash basis of accounting.
$-------

b. Compute Al's gross income for 2020 using the accrual basis of accounting.
$-------

c. Advise Al on which method of accounting he should use.

Al should use the (cash method/accrual method) of accounting so that he will not have to pay income taxes on the (uncollected accounts receivable/advance payment)  .

In: Accounting

A survey sent to 483 university students found 597 of these students admitted to texting during...

A survey sent to 483 university students found 597 of these students admitted to texting during class. Construct a 99% confidence interval for the proportion of all university students who text during class.

In: Statistics and Probability

Apply Value Chain analysis to The University of Kansas Cancer Center Identify potential The University of...

Apply Value Chain analysis to The University of Kansas Cancer Center

Identify potential The University of Kansas Cancer Center strengths or weaknesses

Identify organizational areas that may be enhanced with process improvement or investments

In: Operations Management

1) Explain where and how chatbots might be effective in Higher Education (feel free to focus...

1) Explain where and how chatbots might be effective in Higher Education (feel free to focus on the University of Akron), and

2) How you would feel about the University using them in this manner.

In: Operations Management

Students enrolled in an introductory statistics course at a university were asked to take a survey...

Students enrolled in an introductory statistics course at a university were asked to take a survey that indicated whether the student’s learning style was more visual or verbal. Each student received a numerical score ranging from -11 to +11. Negative scores indicated a visual learner, and positive scores indicated a verbal learner. The closer the score was to -11 or +11, the stronger the student’s inclination toward that learning style. A score of 0 would indicate neutrality between visual or verbal learning. For the 36 students who took the survey, the mean score was -2.744, and the standard deviation was 4.988.

1. State the null and alternative hypotheses for testing whether the mean score (among all students at this university) differs from 0.

2. Calculate the value of the t-test statistic for the hypotheses stated in question 1.

3. Determine the p-value of the test as accurately as possible.

4. Summarize the conclusion that you would draw from this test.

5. Comment on whether the technical conditions of this t-test are satisfied.

In: Statistics and Probability

Students enrolled in an introductory statistics course at a university were asked to take a survey...

Students enrolled in an introductory statistics course at a university were asked to take a survey that indicated whether the student’s learning style was more visual or verbal. Each student received a numerical score ranging from -11 to +11. Negative scores indicated a visual learner, and positive scores indicated a verbal learner. The closer the score was to -11 or +11, the stronger the student’s inclination toward that learning style. A score of 0 would indicate neutrality between visual or verbal learning.  For the 39 students who took the survey, the mean score was -2.744, and the standard deviation was 4.988.

A. State the null and alternative hypotheses for testing whether the mean score (among all students at this university) differs from 0.

B. Calculate the value of the t-test statistic for the hypotheses stated in question 1.

C. Determine the p-value of the test as accurately as possible.

D. Summarize the conclusion that you would draw from this test.

E. Comment on whether the technical conditions of this t-test are satisfied.

In: Statistics and Probability

Students enrolled in an introductory statistics course at a university were asked to take a survey...

Students enrolled in an introductory statistics course at a university were asked to take a survey that indicated whether the student’s learning style was more visual or verbal. Each student received a numerical score ranging from -11 to +11. Negative scores indicated a visual learner, and positive scores indicated a verbal learner. The closer the score was to -11 or +11, the stronger the student’s inclination toward that learning style. A score of 0 would indicate neutrality between visual or verbal learning.  For the 39 students who took the survey, the mean score was -2.744, and the standard deviation was 4.988.

A. State the null and alternative hypotheses for testing whether the mean score (among all students at this university) differs from 0.

B. Calculate the value of the t-test statistic for the hypotheses stated in question 1.

C. Determine the p-value of the test as accurately as possible.

D. Summarize the conclusion that you would draw from this test.

E. Comment on whether the technical conditions of this t-test are satisfied.

In: Statistics and Probability