4. The university is interested in determining if the proportion of graduates obtaining a first-class degree has changed from 2016 to 2017. Out of 2800 graduates in 2016, 560 obtained a first class degree. In 2017, 805 graduates out of 3500 obtained a first class degree.
(a) Write down the method of moments estimates for the
proportion of first-class degrees
in 2016 and 2017, pˆ2016 and pˆ2017.
(b) Write down appropriate null and alternative hypotheses for this test.
(c) What assumptions are required to conduct your hypothesis test from (b), does this data satisfy them?
(d) Calculate a 90% confidence interval for the difference in the proportion of first-class degrees awarded.
(e) Using your answer to part (d), or otherwise, test your hypothesis from (b) at the 10% level. You should clearly state the conclusion of your test.
In: Statistics and Probability
Burrell Company purchased a machine for $49000 on January 2, 2016. The machine has an estimated service life of 5 years and a zero estimated residual value. The asset earns income before depreciation and income taxes of $24500 each year. The tax rate is 25%.
Required:
Compute the rate of return earned (on the average net asset value) by the company each year of the asset's life under the straight-line and the double-declining-balance depreciation methods. Assume that the machine is the company's only asset.
Straight-line method. Do not round intermediate calculations. Round final answer to two decimal places.
2016?
2017?
2018?
2019?
2020?
Double-declining-balance depreciation method. Do not round intermediate calculations. Round final answer to two decimal places.
2016?
2017?
2018?
2019?
2020?
In: Accounting
Following is the adjusted trial balance for the General Fund of the Township of Florida on June 30, 2016, the end of the fiscal year.
Based on this information, prepare:
1. closing entries
2. the statement of revenues, expenditures, and changes in fund balance for the year
2. the balance sheet at June 30, 2016. (Classify the fund balance as Unassigned.)
|
Township of Florida General Fund Adjusted Trial Balance June 30, 2016 |
||
|
Cash |
$ 6,200 |
|
|
Taxes receivable |
40,000 |
|
|
Investments |
65,000 |
|
|
Vouchers payable |
38,750 |
|
|
Tax anticipation notes payable |
12,750 |
|
|
Unassigned fund balance |
57,000 |
|
|
Estimated revenues |
101,000 |
|
|
Appropriations |
99,000 |
|
|
Budgetary fund balance |
2,000 |
|
|
Revenues-taxes |
100,000 |
|
|
Revenues-other |
2,080 |
|
|
Expenditures-personal services |
94,700 |
|
|
Expenditures-supplies |
4,680 |
0 |
|
|
$ 311,580 |
$ 311,580 |
please clarify what is credit and what is debit
In: Accounting
Below is note to the financial statements number 15 extracted from the 2016 annual report for BOC Kenya Limited.
Required:
(a) What is meant by (i) amortization, (ii) accumulated amortization?
(b) What are intangible assets?
(c) Where are intangible assets listed on the balance sheet?
|
Cost At beginning of year Reallocation to property plant and equipment (Note 14) Additions Translation differences |
Group |
Company |
|
2016 2015 |
2016 2015 |
|
|
16,299 22,544 |
16,061 22,544 |
|
|
- (6,220) |
- (6,483) |
|
|
561 - |
561 - |
|
|
(25) |
- |
|
|
At end of year |
16,860 16,299 |
16,622 16,061 |
|
Accumulated amortisation At beginning of year Reallocation to property, plant & equipment (Note 14) Charge for the year At end of year |
||
|
(15,629) (18,982) |
(15,537 (18,982) |
|
|
- 4,644 |
- 4,566 |
|
|
(534) (1,291) |
(454) (1,211) |
|
|
(16,163) (15,629) |
15,991 (15,537) |
|
|
Net carrying amount at 31 December |
697 670 |
631 524 |
In: Accounting
| Times-Interest-Earned Ration |
| Calculated the times-interest-earned ratio for Smith & Sons Inc for 2015 and 2016 and comment on the company’s ability to pay its current interest payments. Did the company’s ability to pay its current interest changes improve? | ||||
| Time interest earned ration = Income before interest expense and income taxes/Interest expense | ||||
| Smith & Sons, Inc | ||||
| Balance Sheet | ||||
| Decemober 31, 2016 and 2015 | ||||
| (In millions) | 2016 | 2015 | ||
| Net sales | 10,000 | 9,500 | ||
| Cost of goods sold | (5,500) | (5,200) | ||
| Gross profit | 4,500 | 4,300 | ||
| Selling and administrative expenses | (2,800) | (2,700) | ||
| Income from operations | 1,700 | 1,600 | ||
| Interest expense | (300) | (250) | ||
| Income before income taxes | 1,400 | 1,350 | ||
| Income tax expenses | (420) | (400) | ||
| Net Income | 980 | 950 | ||
In: Accounting
At year-end 2016, Wallace Landscaping’s total assets were $1.6 million, and its accounts payable were $390,000. Sales, which in 2016 were $2.8 million, are expected to increase by 20% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typically uses no current liabilities other than accounts payable. Common stock amounted to $490,000 in 2016, and retained earnings were $215,000. Wallace has arranged to sell $120,000 of new common stock in 2017 to meet some of its financing needs. The remainder of its financing needs will be met by issuing new long-term debt at the end of 2017. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Its net profit margin on sales is 6%, and 55% of earnings will be paid out as dividends.
In: Finance
imon Company’s year-end balance sheets follow.
| At December 31 | 2017 | 2016 | 2015 | ||||||
| Assets | |||||||||
| Cash | $ | 31,800 | $ | 35,625 | $ | 37,800 | |||
| Accounts receivable, net | 89,500 | 62,500 | 50,200 | ||||||
| Merchandise inventory | 112,500 | 82,500 | 54,000 | ||||||
| Prepaid expenses | 10,700 | 9,375 | 5,000 | ||||||
| Plant assets, net | 278,500 | 255,000 | 230,500 | ||||||
| Total assets | $ | 523,000 | $ | 445,000 | $ | 377,500 | |||
| Liabilities and Equity | |||||||||
| Accounts payable | $ | 129,900 | $ | 75,250 | $ | 51,250 | |||
| Long-term notes
payable secured by mortgages on plant assets |
98,500 | 101,500 | 83,500 | ||||||
| Common stock, $10 par value | 163,500 | 163,500 | 163,500 | ||||||
| Retained earnings | 131,100 | 104,750 | 79,250 | ||||||
| Total liabilities and equity | $ | 523,000 | $ | 445,000 | $ | 377,500 | |||
1. Compute the current ratio for the year ended
2017, 2016, and 2015.
2. Compute the acid-test ratio for the year ended
2017, 2016, and 2015.
In: Accounting
"Using Python, code to find the smallest and largest planet mass (if known), and plot these as two curves against the year of discovery"
Basically looking to use data from an excel sheet where 'disc_year' and 'pl_mass' are columns of data; and code Python to find the maximum value of mass and the minimum value of mass for each year, then plot this as two curves. There are multiple planets for any given year hence multiple values for mass. Below is example of what data might be.
Example data: Mass - 5.5, 0.2, 6, 56, 209, 0.3, 44, 124, 403, 98, 304, 202, 11.7, 5.4, 17.8, 21.9, 603.3, 108.2, 19, 0.3
Year - 2019, 2019, 1994, 2002, 2001, 2016, 1994, 2019, 2002, 2001, 2016, 2015, 2015, 1999, 2002, 1999, 1999, 2015, 2001, 2016
In: Computer Science
The following three defense stocks are to be combined into a stock index in January 2016 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance):
| Price | ||||||||||
| Shares (millions) |
1/1/16 | 1/1/17 | 1/1/18 | |||||||
| Douglas McDonnell | 180 | $ | 60 | $ | 64 | $ | 77 | |||
| Dynamics General | 325 | 68 | 64 | 78 | ||||||
| International Rockwell | 370 | 97 | 86 | 100 | ||||||
a. Calculate the initial value of the index if a price-weighting scheme is used. (Enter your answers rounded to 2 decimal places.)
Index Value:
b. What is the rate of return on this index for the year ending December 31, 2016? For the year ending December 31, 2017? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
2016 Return: %
2017 Return: %
In: Finance
In: Accounting