The English Premier League has 20 teams, throughout the season, each team plays each of the other teams once at home and once away. (e.g. Everton plays Liverpool at Anfield, which is Liverpool’s home field, and Everton plays Liverpool at Goodison Park, which is Everton’s home field.) Teams are awarded 3 points for a win, 1 point for a draw, and 0 points for a loss

(a) How many combinations of wins, losses, and draws are possible for a team throughout the season, regardless of the order?

(b) How many ways can a team win 6 out of 10 games? Here, order matters, and you are only considering those 10 games.

examining Porter's Five Forces as a tool for looking at the pressures on profits. Specifically, you will be looking at defining Porter's Five Forces and applying this tool to the market structures and pressures on profits of a chosen group of firms •Chose one of the following groups and use Porter's Five Forces to analyze the pressures on profits for your chosen group's firms. ◦Group 1: the accommodations industry (e.g., Hilton, Marriott Bonvoy, InterContintental Hotel Group). ◦Group 2: the wireless telecommunications industry (e.g., Verizon, AT&T, T-Mobile). •If you want to dig deeper into how one of the firms views the challenges it faces, you might want to look at the firm's investor page.

Suppose that you as a researcher wanted to examine the impact of police officer rank on perceptions of friendliness by citizens in College Park, MD. Rank is measured as patrol officer, sergeant or captain, and citizen perception is captured by a scale ranging from -50 to 50 and measured in a survey given to 1,000 randomly selected people after an interaction with a police officer. 500 people talked to a patrol officer, 300 talked to a sergeant and 200 people talked to a captain.

3. What is the a) unit of observation and b) reasonable population for this sample?

4. Identify the a) independent and b) dependent variables.

5. For each variable, name what kind of variable it is (nominal, ordinal, interval, or ratio).

1. On January 1, 2017, Park Rapids Lumber Company issued $80 million in 20-year, 10.5% bonds payable. Interest is payable semiannually on June 30 and December 31.

1. Record the journal entry when the bonds were issued on January 1, 2017 when the market rate was 10%, and record the payment of bond interest on June 30^th and December 31^st for 2017 and 2018.

      b.    Compute the net bond liability at December 31, 2018.

            c. On January 1, 2019 the bonds were repurchased for 101. Record the journal entry for the repurchase of the bonds.   This transaction is very similar to the sale of a fixed asset. 101 is the same as 101% of the face value of the bond.

A-One Landscapers, Inc., owes Friendly Finance Company $5,000. A-One enters into a contract with Suburban Office Park under which A-One promises to maintain the landscaping on Suburban’s property and Suburban promises to pay Friendly Finance the amount that will be due A-One until A-One’s debt to Friendly Finance is paid. A-One performs as promised, but Suburban does not pay Friendly Finance.

1.   What is the basis for a claim by Friendly Finance against Suburban?
2.   Will Friendly Finance be successful if it sues Suburban based on your answer to 1., above?
3.   Explain why or why not Friendly Finance will succeed in such a suit. In your answer state the general legal principle and then apply it to these facts.

Job Order Costing

The ABC Company builds residential housing. The company started operations on June 1^st, 2018. Below are transactions that occurred in the first month of operations (June 2018)

Journal Entries:

June 1) ABC Company sold common stock for $1,500,000 in cash. The company issued 15,000 shares of $100 Par stock.

June 2) ABC Company purchased $300,000 of building materials. Paying $100,000 cash and the rest on account due in 45 days. No credit terms were given.

June 3) ABC Company purchased construction equipment for $240,000 cash. The company uses the straight line method of depreciation. The equipment has a useful life of 9 years and a residual value of $24,000.

June 4) ABC Company started construction on 3 homes (Job 100, 101, 102) by requisitioning the following materials: The materials were delivered to the job sites.

June 14) The following direct labor was used and paid for during the period ($30/hour):

Predetermined overhead rate calculated May 8, 2018

(Estimated Total Overhead Costs) / (Estimated Direct Labor Hours)

($24,000) / (3000 hours) = $7 per direct labor used

June 21) Job 100 is completed and ready for sale.

The following actual costs were incurred and paid (Except for depreciation transactions listed below) during the month of June:

June 2) Insurance on houses under construction $2,000 (covers up to any number of homes.

June 3) Insurance on anticipated completed homes $500 no matter the number.

June 8) Construction supervisor salary $6,000 (Paid Monthly)

June 8) Company president salary $8,000 (Paid Monthly)

June 8) Administrative staff salaries $3,000 (Paid Monthly)

June 12) Building Permits $3,000

June 15) Fuel for construction equipment $1,500

June 15) Purchased land for $50,000 and a building for $112,000 to use as corporate HQ

June 20) Insurance on HQ is $1,000 per month

June 23) Declared a $5,000 cash dividend to be paid on July 23, 2018.

June 24) Job 100 is sold for $250,000; Cash $150,000 & $100,000 note receivable to be received on September 19, 2018. The amount received will be $109,000 principal and interest. The note is a 360 day (One year is 360 days) 9% simple interest note. An adjusting entry must be made for interest revenue earned for the month of June.

June 30) Depreciation for June on HQ Building $2,500

June 30) Depreciation on the construction equipment was _______________

June 30) Apply (Appropriate) overhead to incomplete jobs

June 30) Account for ending balance in Overhead account

Note: All June 30 entries are Adjusting Entries

Prepare Journal Entries

1) Normal Journal Entries

2) Adjusting Journal Entries

3) Closing Journal Entries

4) T-Account

Consider the following independent situations, all of which apply to audits of entities for the year ended 31 December 2019:

(i) In July 2019, Alpha Ltd started using a new general ledger software package. The Financial Controller is impressed with the new system, because management accounts are easily produced and allow detailed comparisons with budgets and prior-period figures across product lines and geographical areas. The conversion to the new system went smoothly. As it is a popular computer package, it required only minor modifications.

(ii) As part of a computer systems conversion in Beta Ltd, the position of Systems Administrator was created. This position is responsible for all systems maintenance, including data backups and modifications. These tasks were previously the responsibility of the Accountant.

(iii) Gamma Ltd is a large supermarket chain with outlets in all major cities in the country. In August 2019 Gamma Ltd contracted out its payroll data processing in each city to an independent computer service provider.

(iv) Delta Ltd is a long established firm which has been operating a hotel for over 10 years. During this time, it has adopted a conservative business strategy that has seen it produce adequate, though slightly unimpressive, results. A new CEO was appointed to run the firm from September 2019. He has already released his plans for renovating the hotel, despite not officially serving as CEO yet. You have also heard him discuss the implementation of a new marketing strategy to improve occupancy rates.

Required:

For each situation (i) to (iv) above.

(a) State whether Inherent Risk, Control Risk or Detection Risk have increased or decreased.

(b) Provide an explanation for your answer in (a)

1. A study was conducted to examine whether the perception of service quality at hotels differed by gender. Hotel guests were randomly selected to rate hotel service, and each rating was then transferred into a standardized score. By comparing the scores observed from the sample of male guests and the sample of female guests, researchers then wished to determine if there is evidence of a difference in average rating when awarded by males, μ ₁, and the average rating when awarded by females, μ ₂. A summary of the sampled guest scores are provided in the table below :

2. 
   i) Carry out a hypothesis test for a significant difference between the two population means, at significance level α = 0.05.
   The hypotheses being tested are:
   H ₀: μ ₁ - μ ₂ = 0
   H _a: μ ₁ - μ ₂ ≠ 0.
   Complete the test by filling in the blanks in the following:
   • An estimate of the difference in population means is .
   • Assuming the population standard deviations are equal, σ₁=σ₂, the pooled estimate, s_p, is  and the standard error is .
   • The distribution is  (examples: normal / t12 / chisquare4 / F5,6).

The test statistic has value TS=  .
Testing at significance level α = 0.05, the rejection region is:
less than  and greater than  (3 dec places).
There  (is evidence/is no evidence) to reject the null hypothesis, H ₀ of no difference between the two population means, μ ₁ and μ ₂.

ii) Estimate the difference in population means by calculating a 95% confidence interval.
The difference between the population means, the mean of population 1, μ ₁, minus the mean of population 2, μ ₂, is estimated to be between________  and__________ .