Consider a drug testing company that provides a test for marijuana usage. Among 253 tested​ subjects, results from 27 subjects were wrong​ (either a false positive or a false​ negative). Use a 0.10 significance level to test the claim that less than 10 percent of the test results are wrong.

Identify the test statistic for this hypothesis test.

1.The sale of a long−term investment would appear on a cash flow statement as​ a:

A.cash outflow in the investing activities section

B.cash inflow in the financing activities section

C.cash inflow in the operating activities section

D.cash inflow in the investing activities section

2.On March​ 1, 2017, Uncontracted Capacity Company​ (UCC) purchased​ $20,000 of Utility Service​ Corporation's 9% bonds at a purchase price of 90. Uncontracted Capacity​ Company, whose year end is December​ 31, expects to hold the bonds until their maturity date 5 years from the date of purchase. Interest on the bonds will be paid every March 1 and September 1 until maturity. Assuming that UCC is a private corporation that elects to amortize premium or discounts using straight−line ​amortization, how much total interest revenue will be recorded by UCC on September​ 1, 2017?

A.$1,200

B.​$900

C.$1,100

D.$800

3.When a premium on a bond investment is amortized by the company holding the​ investment:

A.the amount of cash received as an interest payment will be reduced

B.companies normally credit a separate account called Premium on Investments

C.Interest Revenue will be debited

D.the amount of cash received as an interest payment will be increased

Spelling Company has the following sales projection (in units) for the next six months:
Feb: 9000
Mar: 10500
Apr: 8000
May: 11500
Jun: 9500
Jul: 7000

Each unit sells for $30.

Spelling has prepared the following sales budget for the quarter of April, May and June:

Spelling's cost of goods sold is 60% of its sales revenue. The company has a policy that it keeps 10% of next months budgeted cost of goods sold as ending inventory. The company had exactly the budgeted amount of inventory on hand at April 1.

Prepare a purchases budget on paper or, PREFERABLY, in Excel for the quarter of April, May and June. (If you build your schedule using formulas in excel, multiple attempts will be much faster.)

1. What is the cost of inventory at April 1 (Beginning inventory)

2. What is the budgeted cost of purchases in June?

3. What is the desired cost of inventory at the end of the quarter?

You are one of the three partners in RSM, an auditing firm. This year, RSM was engaged to audit year-end accounts and tax returns of a new and fast-growing engineering consulting company, CPEC. The business had started operations with only a few staff but now it has employees of over 100, still remaining below the size of a company which will require a compulsory audit by the government. During the course of the audit, you have discovered a significant increase in revenue this year compared to last year. Accordingly, your team investigated the increase and discovered a practice which your team believes is not in accordance with the financial reporting framework. Your team found out that one of the owners, who is also the managing director of CPEC, was doing consultancy services to some of his close friends. In effect, consultancy fees for these close friends were recorded as income of the company but not collected. They remain as collectibles of the company in the last five years and the company seem not to have any intention of collecting them. The accountant also have not written them off from the list of bad debts. This practice is also known to the other directors of the company. You have suspicions that this is done to increase the amount of revenue reported in the financial statements. Required: Explain your answer to the following questions: 1. Which fundamental ethical principles in ISA 200 will be affected in this scenario? You can explain more than one ethical principle, if applicable. 2. Is the practice dishonest? Explain your opinion. 3. Explain the impact of this scenario to your firm. 4. What could be the possible course of action?

Yahoo Gold Mining Company (YGMC) mines coal, puts it through a one-step crushing process, and loads the bulk raw coal onto river barges for shipment to customers.
YGMC’s management is currently evaluating the possibility of further processing the raw coal by sizing and cleaning it and selling it to an expanded set of customers at higher prices. The option of building a new sizing and cleaning plant is ruled out as being financially infeasible. Instead, Darrell Cornwall, a mining engineer, is asked to explore outside contracting arrangements for the cleaning and sizing process.

Darrell puts together the following summary:
Selling price of raw coal = $27 per tonne
Cost of producing raw coal = $22 per tonne
Selling price of sized and cleaned coal = $36 per tonne
Annual raw coal output = 10,000,000 tonnes
Percentage of material weight loss in sizing/cleaning coal = 6%

Incremental Costs of Sizing and Cleaning Processes
Direct labour = $800,000 per year
Supervisory personnel = 200,000 per year
Heavy equipment: rental, operating, maintenance costs = 25,000 per month
Contract sizing and cleaning = 3.50 per tonne of raw coal
Outbound rail freight = 240 per 60-tonne rail car

Darrell also learns that 75% of the material loss that occurs in the cleaning and sizing process can be salvaged as coal fines, which can be sold to steel manufacturers for their furnaces. The sale of coal fines is erratic and YGMC may need to stockpile it in a protected area for up to one year. The selling price of coal fines ranges from $15 to $24 per tonne and costs of preparing coal fines for sale range from $2 to $4 per tonne.

Required
1) Prepare an analysis to show whether it is more profitable for YGMC to continue selling raw bulk coal or to process it further through sizing and cleaning. (Ignore coal fines in your analysis.)
2) How would your analysis be affected if the cost of producing raw coal could be held down to $20 per tonne?
3) Now consider the potential value of the coal fines and prepare an addendum that shows how their value affects the results of your analysis prepared in requirement 1.

Read about a number of health care delivery systems throughout the world. Using research with three evidence-based, peer-reviewed resources. IN A 3-4 PAGE PAPER,CHOOSE ONE COUNTRY (EXCLUDING UNITED STATES OF AMERICA) AND ANSWER THE QUESTIONS THAT FOLLOW.

PLEASE INCLUDE INTEXT CITATIONS AS WELL AS REFERENCE LIST

1. An introduction to the COUNTRY health care system you have chosen to evaluate (any country BUT the U.S.’s healthcare system) (3 paragraphS MINIMUM)
2. The COUNTRY'S population’s access to health care ( 2 paragraphs MINIMUM)
3. The type of health care delivery system THE COUNTRY HAS (i.e., publicly funded, private, single payer, etc.) (3–4 paragraphs)
4. The effectiveness of the COUNTRY'S healthcare system for the population (4–5 paragraphs)
5. A brief comparison OF THE COUNTRY'S HEALTHCARE SYSTEM to the U.S. healthcare system (may use a simple chart or table)
6. Conclusion (1 paragraph)

American Surety and Fidelity buys and sells securities expecting to earn profits on short-term differences in price. For the first 11 months of 2018, gains from selling trading securities totaled $6 million, losses were $12 million, and the company had earned $5 million in investment revenue. The following selected transactions relate to American's trading account and equity securities investment account during December 2018, and the first week of 2019. The company's fiscal year ends on December 31. No trading securities were held by American on December 1, 2018.

Required:
1. Prepare the appropriate journal entry for each transaction or event during 2018.
2. Indicate any amounts that American would report in its 2018 balance sheet and income statement as a result of these investments.
3. Prepare the appropriate journal entry for each transaction or event during 2019.

2***

JE accounts.

1/ Hicks Health Clubs, Inc., expects to generate an annual EBIT of $506,000 and needs to obtain financing for $1,090,000 of assets. Their tax bracket is 32%. If the firm goes with a short-term financing plan, their rate will be 7.0 percent, and with a long-term financing plan their rate will be 8.0 percent. By how much will their earnings after tax change if they choose the more aggressive financing plan instead of the more conservative? (Amounts in parentheses indicate negative value.)

($7,412)

$7,412

($10,412)

$10,412

2/ Price Corp. is considering selling to a group of new customers and creating new annual sales of $420,000. 3% will be uncollectible. The collection cost on these accounts is 5% of new sales, the cost of producing and selling is 84% of sales and the firm is in the 32% tax bracket. What is the profit on new sales?

$352,800

$29,966

$32,848

$22,848

3/ Modos Company has deposited $4,190 in checks received from customers. It has written $1,530 in checks to its suppliers. The initial bank and book balance was $490. If $3,530 of its customer's checks have cleared but only $490 of its own, calculate its float.

$380

$1,150

$480

$530

FX, Inc. is a volume manufacturer of high technology automotive mirrors (including cell link and voice activation). FX is looking to expand their operations to add a second product line capable of producing 1.3 Million units per year. The equipment investment cost for this new operation is $27 Million. The project falls under a 7 year MACRS class life and the company estimates that the salvage value will be $2.7 Million at the end of the 6 year project. The average selling price for each mirror is $85 per unit. The annual expected sales shown below:

The material cost for each mirror is $20 (with 25 % of the material imported from Canada and 35% from Mexico). The labor to produce each mirror is $15 with additional variable cost of manufacturing at $17 per unit. The fixed cost of manufacturing operations is $10 Million per year. FX maintains 1 month of raw materials and 1 month of WIP and finished goods combined to balance overall automotive demand. Assume that FX has a federal tax rate of 25% and a state tax rate of 5%. Also assume that FX uses a MARR of 15% for all economic analyses.

b) If the company could borrow $10 Million of the $27 Million needed at 10%, how would this change the NPV calculation?

c) If inflation is estimated at 2% and the pricing is locked for the six year period, how does your NPV change? Assume that the company borrowed $10 Million of the $27 Million needed at 10%.