You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. How many randomly selected air passengers must you survey? Assume that you want to be 99% confident that the sample percentage is within 2.5 percentage points of the true population percentage. Complete parts a and b below.

a. Assume that nothing is known about the percentage of passengers who prefer aisle seats.

n=__

b. Assume that a prior survey suggests that about 36% of air passengers prefer an aisle seat.

n=__

You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. How many randomly selected air passengers must you​ survey? Assume that you want to be 99​% confident that the sample percentage is within 3.5 percentage points of the true population percentage. Complete parts​ (a) and​ (b) below. a. Assume that nothing is known about the percentage of passengers who prefer aisle seats. nequals b. Assume that a prior survey suggests that about 33​% of air passengers prefer an aisle seat n=___

The brand manager for a brand of toothpaste must plan a campaign designed to increase brand recognition. He wants to first determine the percentage of adults who have heard of the brand. How many adults must he survey in order to be 90% confident that his estimate is within 6 percentage points of the true population percentage.

a. Assume that nothing is known about the percentage of adults who have heard of the brand.

n=

b. Assume that a recent survey suggests that about 79% has heard about the brand.

n=

The quality control department of John Deere measured the length of 100 bolts randomly selected from a specified order. The mean length was found to be 9.75 cm, and the standard deviation was 0.01 cm. if the bolt lengths are normally distributed, find:

a) The percentage of bolts shorter than 9.74 cm

b) The percentage of bolts longer than 9.78 cm

c) The percentage of bolts that meet the length specification of 9.75 +/- 0.02 cm

d) The percentage of bolts that are longer than the nominal length o f9.75 cm

show work

A $1,000 par value bond was issued five years ago at a coupon rate of 8 percent. It currently has 15 years remaining to maturity. Interest rates on similar debt obligations are now 10 percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

a. Compute the current price of the bond using an assumption of semiannual payments. (Do not round intermediate calculations and round your answer to 2 decimal places.)
  

b. If Mr. Robinson initially bought the bond at par value, what is his percentage capital gain or loss? (Ignore any interest income received. Do not round intermediate calculations and input the amount as a positive percent rounded to 2 decimal places.)
  

  
c. Now assume Mrs. Pinson buys the bond at its current market value and holds it to maturity, what will be her percentage capital gain or loss? (Ignore any interest income received. Do not round intermediate calculations and input the amount as a positive percent rounded to 2 decimal places.)
  

d. Why is the percentage gain larger than the percentage loss when the same dollar amounts are involved in parts b and c?
  

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A $1,000 par value bond was issued five years ago at a coupon rate of 12 percent. It currently has 25 years remaining to maturity. Interest rates on similar debt obligations are now 14 percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

a. Compute the current price of the bond using an assumption of semiannual payments. (Do not round intermediate calculations and round your answer to 2 decimal places.)
  

b. If Mr. Robinson initially bought the bond at par value, what is his percentage capital gain or loss? (Ignore any interest income received. Do not round intermediate calculations and input the amount as a positive percent rounded to 2 decimal places.)
  

  
c. Now assume Mrs. Pinson buys the bond at its current market value and holds it to maturity, what will be her percentage capital gain or loss? (Ignore any interest income received. Do not round intermediate calculations and input the amount as a positive percent rounded to 2 decimal places.)
  

d. Why is the percentage gain larger than the percentage loss when the same dollar amounts are involved in parts b and c?

A $1,000 par value bond was issued five years ago at a coupon rate of 8 percent. It currently has 10 years remaining to maturity. Interest rates on similar debt obligations are now 10 percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

a. Compute the current price of the bond using an assumption of semiannual payments. (Do not round intermediate calculations and round your answer to 2 decimal places.)
  

b. If Mr. Robinson initially bought the bond at par value, what is his percentage capital gain or loss? (Ignore any interest income received. Do not round intermediate calculations and input the amount as a positive percent rounded to 2 decimal places.)
  

  
c. Now assume Mrs. Pinson buys the bond at its current market value and holds it to maturity, what will be her percentage capital gain or loss? (Ignore any interest income received. Do not round intermediate calculations and input the amount as a positive percent rounded to 2 decimal places.)
  

d. Why is the percentage gain larger than the percentage loss when the same dollar amounts are involved in parts b and c?
  

As CFO of Portobello Scuba Diving Inc. you are asked to look into the possibility of adopting a lockbox system to expedite cash receipts from clients. Portobello receives check remittances totaling ​$28 million in a year. The firm records and processes 15,000 checks in the same period. The National Bank of Brazil has informed you that it could provide the service of expediting checks and associated documents through the lockbox system for a unit cost of $0.30 per check. After conducting an​ analysis, you project that the cash freed up by the adoption of the system can be invested in a portfolio of​ near-cash assets that will yield an annual​ before-tax return of 10 percent. The company usually uses a​ 365-day year in its financial calculations.

a. What reduction in check collection time is necessary for Portobello to be neither better nor worse off for having adopted the lockbox​ system?

b. How would your solution to part ​(a​) be affected if Portobello could invest the​ freed-up balances at an expected annual return of only ​percent?

Barcelona Machine Tools. Oriol​ D'ez Miguel​ S.R.L., a manufacturer of heavy duty machine tools near​ Barcelona, ships an order to a buyer in Jordan. The purchase price is

€426,000.

Jordan imposes a

12%

import duty on all products purchased from the European Union. The Jordanian importer then​ re-exports the product to a Saudi Arabian​ importer, but only after imposing its own resale fee of

29%.

Given the following spot exchange rates on April​ 11, 2010, what is the total cost to the Saudi Arabian importer in Saudi Arabian​ riyal, and what is the U.S. dollar equivalent of that​ price?  ​(Click on the

icon to import the table into a​ spreadsheet.)

The spot​ rate, Saudi Arabian riyal per Jordanian dinar is SRI

nothing​/JD.

​(Round to five decimal​ places.)

In 2013, Slim Drug Company began to notice problems with its obesity drug. The company stopped selling the drug near the end of 2013. In the last six months of 2014, the company was sued by 1,000 people who had an allergic reaction to the company’s obesity drug. At the end of 2014, the company’s lawyers believe there is a 60% chance the company will need to make payments in the range of $1,000 to $5,000 to settle each claim. At the end of 2015 while none of the cases have been resolved, the company’s lawyers now believe there is an 80% chance the company will need to make payments in the range of $2,000 to $7,000 to settle each claim. In 2016, 400 claims were settled at a total cost of $1.2 million. Based on this experience, the company believes 30% of the remaining cases will be settled for $3,000 each, 50% will be settled for $5,000 and 20% will be settled for $10,000 each.

Required: Using AASB Standards, show what journal entries would be required in 2013, 2014, 2015 and 2016.