1. How do banks, creditors, investors, key employees, customers, and the SEC each look at the statement of cash flows for a company, and what is each stakeholder group concerned about.

2.The statement of cash flows in essence shows accrual basis financial statements, except converted to cash basis. This this statement true or false? Why or why not?

3.What is the difference between the statement of cash flows, and the free cash flow concept?

Suppose the owners of a new bed and breakfast establishment are interested in conducting an experiment to determine effective advertisement strategies for increasing the number of reservations. The bed and breakfast owners intend to rotate advertisements for 12 weeks between a travel website, a travel magazine and a local billboard. Customers making reservations will be asked if they saw the advertisement. In this experiment, the independent variable has how many levels?

A) 1

B) 2

C) 3

D) 4

E) 0

The records of Check$mart Bank show that the average credit card balance of its customers is $3,325 with a standard deviation of $1,500. Assume that the distribution of these credit card balances is approximately normal.

(a) What is the probability that an account balance is less than $2,500?

(b) What is the probability that an account balance is more than $5,000?

(c) What is the probability that an account balance is between $3,000 and $4,000?

(d) 99% of account balances are less than which amount?

Customers experiencing technical difficulty with their internet cable hookup may call an 800 number for technical support. It takes the technician between 18 seconds and 13 minutes to resolve the problem. The distribution of this support time follows the uniform distribution.

Suppose we wish to find the middle 50% of the problem-solving times. What are the end points of these two times? (Do not round your intermediate calculations. Round your answers to 3 decimal places.)

1. Describe how to protect and use corporate data – employees, customers, suppliers, and business partners.

2. Define privacy in common sense.

• Explain the relationship between protection of privacy and corporate business well-being.
• Explain employee email privacy and employer monitoring of Web surfing in the company.
• Explain corporate use of information about employees’ off-the-job behavior (e.g., lifestyle, marital arrangements, social networking, and so forth).

9) In a sample of 400 people selected randomly from one town, it is found that 130 of them are Gamecock Fans. At the 0.05 significance level, test the claim that the proportion of all people in the town who are Gamecock fans is 27%.

A] What type of statistical test can be used here?

a. Z-test of proportions            c. F Test                                e. Either c² or λ Test

b. a-Test of proportions           d. Either T or F-Test               f. T-Test

         ➔       

B] What is the stated claim about the proportion?

a. p = 0.27 The population proportion is the same as 27%.

b. p ≠ 0.27 The population proportion is different from 27%.

c. p > 0.27 The population proportion is greater than 27%.

d. p < 0.27 The population proportion is less than 27%.

e. p ≥ 0.27 The population proportion is greater than or equal to 27%.

f. p ≤ 0.27 The population proportion is less than or equal to 27%.

          ➔       

C] What are the null hypothesis (H₀) and the alternative hypothesis (H_a)? Circle one answer out of the “a” through “f” choices below.

                                    a. H₀: p > 0.27                           d. H_a: p < 0.27  

H_a:p ≤ 0.27                                     H₀: p ≥ 0.27

b. H₀: p = 0.27                           e. H_a: p = 0.27  

H_a: p ≠ 0.27                                   H₀: p ≠ 0.27

c. H_a: p > 0.27                            f. H₀: p < 0.27  

H₀: p ≤ 0.27                    H_a: p ≥ 0.27

                                                                                                                  ➔       

(9 continued)

D] Is this test:       a. Fat tailed?                          d. Inverse tailed?

b. Two tailed?                        e. Left tailed?

c. Right tailed?                       f. Meta-tailed?

          ➔       

E] What is the numerical value of the test statistic (TS) calculated from the observed data?

a. 0.5558          b. 2.4777     c. 1.9600     d. 2.0917     e. 0.6456     f. 0.6234

               ➔       

F] Provide EITHER the Critical Value (CV) OR the p-value

Critical Value (CV):

a. z = 2.05       b. z = 1.643 c. z = 1.96 d. z = 1.645         e. z = 2.576           f. z = 2.03

       ➔       

P-value:

a. 0.4210         b. 0.6830     c. 0.0132   d. 0.5321            e. 0.6283              f. 0.5221

       ➔       

G] For this problem about Gamecock fans, what is your decision about H₀ (the null hypothesis)?

a. Fail to reject the claim         c. Fail to reject H₀                   e. Accept H₀        

b. Reject H₀                           d. Reject the claim         f. Accept the claim

          ➔       

(9 continued)

H] For this problem about Gamecock fans, what is the decision about the original claim?

a. At the 5% level, there is NOT enough evidence to reject the claim that the proportion is 27%.

b. At the 10% level, there is enough evidence to reject the claim that the proportion is 27%.

c. At the 5% level, there is enough evidence to reject the claim that the proportion is 27%.

d. At the 10% level, there is NOT enough evidence to reject the claim that the proportion is 27%.

e. At the 5% level, there is enough evidence to support the claim that the proportion is 27%.

f. At the 10% level, there is enough evidence to support the claim that the proportion is 27%.

➔       

This question is designed to test on the understanding of students in the recording of the business transactions using the double entry system under the book of prime entry format.

INSTRUCTIONS:

1.    Assuming you are planning to set up a sole trading business selling finished goods (name your product) to customers in your area (any area choose by the student is acceptable).

2.    Create possible business transactions between your business and supplier and also between your business and customers.

3.    The business transactions should include at least:

a.    4 credit transactions

b.    2 returns transactions

c.     4 cash transactions

d.    2 drawing transactions

e.    2 operating expenses transactions

f.      2 other revenues transactions

g.    Other transactions

4.    Your report should include the following informations:

a.    Introduce the business background (including capital contributed, name of the business, address, type of goods sold,etc)

b.    Accounting transactions

c.     Specialised journals

d.    Subsidiary ledgers account

e.    Trial Balance as at that date.

5.    Report format

b     Table of content

c.    Introduction

d.    Content

e      Conclusion  

  f  Bibliography or references

g    Appendix

The calculations for a factorial experiment involving four levels of factor A, three levels of factor B, and three replications resulted in the following data: SST = 278, SSA = 28, SSB = 24, SSAB = 174. Set up the ANOVA table. (Round your values for mean squares and F to two decimal places, and your p-values to three decimal places.)

Test for any significant main effects and any interaction effect. Use α = 0.05.

Find the value of the test statistic for factor A. (Round your answer to two decimal places.)

Find the p-value for factor A. (Round your answer to three decimal places.)

p-value =  

State your conclusion about factor A.

Because the p-value > α = 0.05, factor A is not significant.Because the p-value ≤ α = 0.05, factor A is not significant.    Because the p-value ≤ α = 0.05, factor A is significant.Because the p-value > α = 0.05, factor A is significant.

Find the value of the test statistic for factor B. (Round your answer to two decimal places.)

Find the p-value for factor B. (Round your answer to three decimal places.)

p-value =

State your conclusion about factor B.

Because the p-value ≤ α = 0.05, factor B is not significant.Because the p-value > α = 0.05, factor B is significant.    Because the p-value ≤ α = 0.05, factor B is significant.Because the p-value > α = 0.05, factor B is not significant.

Find the value of the test statistic for the interaction between factors A and B. (Round your answer to two decimal places.)

Find the p-value for the interaction between factors A and B. (Round your answer to three decimal places.)

p-value =

State your conclusion about the interaction between factors A and B.

Because the p-value ≤ α = 0.05, the interaction between factors A and B is significant.Because the p-value ≤ α = 0.05, the interaction between factors A and B is not significant.    Because the p-value > α = 0.05, the interaction between factors A and B is significant.Because the p-value > α = 0.05, the interaction between factors A and B is not significant.

Lu Technology Co. manufactures DVDs for computer software and entertainment companies. Lu uses job order costing. On June 2,Lu began production of 5,800 ​DVDs, Job​ 423, for Portrait Pictures for $1.20 sales price per DVD. Lu promised to deliver the DVDs to Portrait Pictures by June 5. Lu incurred the following direct​ costs:

Data table:

more info:

LuTechnology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $550,000 and estimated direct labor costs of $440,000. Job 423 was completed and shipped on June 3.

Requirement 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate​ (round to two decimal​ places); then allocate manufacturing overhead to the job.

Begin by determining the total amount of direct materials and direct labor incurred on the job.​ Next, calculate the predetermined overhead allocation rate and apply manufacturing overhead to the job.​ Lastly, compute the total cost of Job 423 and the cost per DVD.

Requirement 2. Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423. Wages are not yet paid. ​(Record debits​ first, then credits. Exclude explanations from any journal​ entries.)

Start by journalizing the use of direct materials.

​Next, journalize the use of direct labor.

Now journalize the allocation of overhead to Job 423.

Requirement 3. Journalize completion of the job and the sale of the 5,800

DVDs on account. ​(Record debits​ first, then credits. Exclude explanations from any journal​ entries.)

Begin by preparing the entry to show the completion of the job.

​Next, journalize the revenue portion of the sale of Job 423.

​Finally, journalize the cost of goods portion of the sale.

and,

Princeton Computer Company uses a job order costing system in which each batch manufactured is a different job. Princeton Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $26 per hour. It allocates manufacturing overhead to jobs based on a predetermined overhead allocation​rate, computed as a percentage of direct labor costs. At the beginning of 2020​, the controller prepared the following​budget:

In November 2020​, PrincetonComputer Company worked on several jobs. Records for two jobs appear​ here:

Zhou Bicycle Case Study

Zhou Bicycle Company, located in Seattle, is a wholesale distributor of bicycles and bicycle parts. Formed in 1991 by University of Washington Professor Yong-Pia Zhou, the firm’s primary retail outlets are located within a 400-mile radius of the distribution center. These retail outlets receive the order from ZBC with 2 days after notifying the distribution center, provided that the stock is available. However, if an order is not fulfilled by the company, no backorder is placed; the retailers arrange to get their shipment from other distributors, and ZBC loses that amount of business. The company distributes a wide variety of bicycle. The most popular model, and the major source of revenue to the company, is the AirWing. ZBC receives all the models from a single manufacturer in China, and shipment takes as long as one month from the times an order is place. With the cost of communication, paperwork, and customs clearance included, ABC estimates that each time an order is place, it incurs a cost of $65. The purchase price paid by ZBC, per bicycle, is roughly 70% of the suggested retail price for all the styles available, and the inventory carrying cost is 1% per month (12% per year) of the purchase price paid by ZBC. The retail price (paid by the customers) for the AirWing is $170 per bicycle. ZBC is in interested in making as inventory plan for 2019. The firm wants to maintain a 97% service level with is customers to minimize the losses on the lost orders. A forecast for AirWing model sales in 2019 has been developed and will be used to make an inventory plan for ZBC.

DEMAND FOR AIRWING MODEL

Discussion Questions

Develop an inventory plan to help ZBC:

.

.

.

5) Plot the projected future bicycle sales (use Excel) and evaluate the nature of the demand. As mentioned above, it is obviously not constant throughout the year.

6) Segment the planning horizon into three separate intervals:

a) January, February, and March

b) April, May, June, and July

c) August, September, October, November, and December

(Note: other segmentations are also possible, e.g., precisely by the quarters, etc., but please use the one I am suggesting).

7) Repeat the analyses from Q1.-Q4 above, separately for each of the three segments. Of course, you will have to adjust the planning horizon accordingly.

8) Calculate the total cost across the three segments thus producing the total annual inventory cost.

9) Compare it against the cost in Q4 above. Which approach is better and why? Provide a full rationale for your answer.

Please answer questions 5 to 9.