A college dean is interested in the exam performance of students in a biology course. After the final exam, students are randomly selected from three different section of the biology course. What can be conclude with an α of 0.05? The data are below.

a) What is the appropriate test statistic?
---Select--- na one-way ANOVA within-subjects ANOVA two-way ANOVA

b) Compute the appropriate test statistic(s) to make a decision about H₀.
critical value =  ; test statistic =  
Decision:  ---Select--- Reject H0 Fail to reject H0

c) Compute the corresponding effect size(s) and indicate magnitude(s).
η² =  ;  ---Select--- na trivial effect small effect medium effect large effect

d) Make an interpretation based on the results.

At least on section differs on the final exam.None of the sections differ on the final exam.    

e) Conduct Tukey's Post Hoc Test for the following comparisons:
1 vs. 2: difference =  ; significant:  ---Select--- Yes No
2 vs. 3: difference =  ; significant:  ---Select--- Yes No

f) Conduct Scheffe's Post Hoc Test for the following comparisons:
2 vs. 3: test statistic =  ; significant:  ---Select--- Yes No
1 vs. 2: test statistic =  ; significant:  ---Select--- Yes No

Your express package delivery company is drawing up new zones for the location of drop boxes for customers. The city has been divided into six zones. You have targeted seven possible locations for drop boxes. The list of which zones the drop boxes could serve is shown below

Develop a model to find out the locations to use that provides the smallest number of locations yet make sure that each zone is covered by at least two boxes. Define variables if needed

Horse Heaven Farm began 20X6 with cash of 180,000. During the year, Horse Heaven earned service revenue of 600,000 and collected 480,000 from customers. Expenses for the year totaled 330,000, with 300,000 paid in cash to suppliers and employees. Horse heaven also paid 138,000 to purchase equipment and a cash dividend of 47,000 to shareholders. During 20X6, Horse Heaven borrowed 25,000 by issuing a note payable. Prepare the company's statement of cash flows for the year. Format operating activities by the direct method. Calculate Horse's free cash flow and cash realization ratio.

A car manufacturer is offering the following incentive with any purchase of its new 2019 mid- size sedans at one of its affiliated dealerships. The vehicle sells for $24,000. Free maintenance services for 2 years at the dealership

Assume there are no other promotions running during this time. The car manufacturer estimates that the normal selling price for the maintenance services it will provide to customers, on average, over the two year period under this promotion is $1,000. Assuming the customer pays $24,000 for the vehicle, how much revenue is recognized on the sale date? You can ignore the time value of money.

ABC Company is considering a 3-year project, which will add a new product to its portfolio; last year, the company hired a consultant to explore this market opportunity and paid $1 million for the research report - this amount will be depreciated over the next four years; if the company proceeds with the launch of the new product, it will need to invest $26.0 million in new equipment, which will be depreciated straight line over 4 years with no remaining salvage value.

-The project is expected to generate $12 million in sales (revenue) in the first year of the project; the sales are expected to increase by 50% in the second year, double in year 3 compare to year 2, and double again in year 4.  

-COGS is expected to be 55% of sales

-SG&A expenses will be $5.5 million each year

-The company pays income tax rate of 23.0%

-The cost of capital is 9.7%

-Working capital will start from zero and reach 20% of sales by the end of the first year and will stay at 20% of sales each year though the end of the project; working capital will be fully recovered at the end of the project;

Calculate the following:

1) Free cash flows of the project

2) NPV

3) IRR

4) Payback period

5) should the company invest in this project?

The following balance sheet was prepared by the bookkeeper for Jacuzi Company as of December 31, 2017. Jacuzi Company Balance Sheet as of December 31, 2017 Cash $ 80,000 Accounts payable $ 75,000 Accounts receivable (net) 52,200 Bonds payable 100,000 Inventory 57,000 Stockholders' equity 218,500 Investments 76,300 Equipment (net) 96,000 Patents 32,000 $393,500 $393,500 The following additional information is provided: 1. Cash includes the cash surrender value of a life insurance policy $9,400, a bank overdraft of $2,500 has been deducted. Cash also includes petty cash of $725. 2. The net accounts receivable balance includes: (a) accounts receivable—debit balances $60,000 from normal sales to customers; (b) accounts receivable—credit balances $4,000 for sales returns by customers; (c) allowance for doubtful accounts $3,800. 3. Inventory does not include goods costing $3,000 shipped out on consignment. Accounts receivables of $3,000 were recorded on the goods that were consigned.. 4. Investments include common stock of Ford Motor Company $19,000, vacant land held for future use $48,300, and “goodwill” of $9,000. 5. Equipment costing $5,000 with accumulated depreciation $5,000 is still being used by the company. Accumulated depreciation on the remaining equipment is $40,000. 6. Stockholders’ equity consists of Common Stock $150,000, Retained Earnings of $80,400 and Treasury Stock of $11,900. Required Prepare a corrected “classified” balance sheet in good form.

The manufacturer of a certain electronic component claims that they are designed to last just slightly more than 4 years because they believe that customers typically replace their device before then. Based on information provided by the company, the components should last a mean of 4.24 years with a standard deviation of 0.45 years. For this scenario, assume the lifespans of this component follow a normal distribution

3) The company considers a component to be “successful” if it lasts longer than the warranty period before failing. They estimate that about 70.3% of components last more than 4 years. They find a random group of 10 components that were sold and count the number of them which were “successful,” lasting more than 4 years.

a. What is the expected number of these 10 components that will last more than 4 years? (Round your answer to 1 decimal place.)

b. What is the standard deviation for the number of these 10 components that will last more than 4 years? (Round your answer to 1 decimal place.)

c. What is the probability that no more than 6 of these components will last more than 4 years?

4) The company is not satisfied with how many returns they are processing, and accountants in the company are recommending that they change the warranty period. The accountants suggest basing the period of the warranty on making sure, in the long run, only about 5% of customers will return the component. What amount of time corresponds to the shortest 5% of lifespans for this component? (Round your answer to 1 decimal place.)

Splish sells its specialty combination gas/wood-fired grills to local restaurants. Each grill is sold for $1,550 (cost $600) on credit with terms 2/20, net/60.

Prepare the journal entries for the sale of 30 grills on August 1, 2021, and upon payment, assuming the customer paid on (1) August 20, 2021, and (2) September 29, 2021. Assume the company records sales net.

     The product development group of a high-tech electronics company developed five proposals for new products. The company wants to expand its product offerings, so it will undertake all projects that are economically attractive at the company’s interest rate of 15% per year. The cash flows (in $1000 units) associated with each project are estimated. Which projects, if any, should the company accept on the basis of a present worth analysis?