Scores in the first and final rounds for a sample of 20 golfers who competed in tournaments are contained in the Excel Online file below. Construct a spreadsheet to answer the following questions.

Suppose you would like to determine if the mean score for the first round of an event is significantly different than the mean score for the final round. Does the pressure of playing in the final round cause scores to go up? Or does the increased player concentration cause scores to come down?

a. Use  to test for a statistically significantly difference between the population means for first- and final-round scores. What is the -value?

-value is  (to 4 decimals)

What is your conclusion?

There _______is ais no significant difference between the mean scores for the first and final rounds.

b. What is the point estimate of the difference between the two population means?

(to 2 decimals)

For which round is the population mean score lower?

_________First roundFinal round

c. What is the margin of error for a 90% confidence interval estimate for the difference between the population means?

(to 2 decimals)

Could this confidence interval have been used to test the hypothesis in part (a)?

_____ (Yes/No)

Explain.

Use the point of the difference between the two population means and add and subtract this margin of error. If zero _______isis not in the interval the difference is not statistically significant. If zero _______isis not in the interval the difference is statistically significant.

Ross Company had the following adjusted trial balance:

Additional Resources

The president of Ross Company has asked you to close the books (prepare and process the closing entries).

Required:

After the closing process has been completed, answer the following questions:

(4) Performance-Based Share Option Compensation Plan

On January 1, 2016, Pierce Company establishes a performance-based share option plan for its 80 top executives. The terms of the plan are that each executive is granted a maximum of 200 options after completing a 3-year service period. The exact number of options granted, however, depends on the percentage increase in sales over the 3-year period. The terms are: (1) if sales increase between 0% and 3%, each executive is granted 90 options; (2) if sales increase between 4% and 6%, each executive is granted 140 options; and (3) if sales increase at least 7%, each executive is granted the maximum number of options. Each option entitles the executive to acquire one share of the company’s $10 par common stock at a price of $45. The options expire at the end of 4 years.

On the grant date, Pierce uses an option pricing model to estimate that the fair value of each share option is $15.50. Pierce’s employee turnover rate is expected to be 16% over the service period. At the end of 2017, because of lower turnover, Pierce revises its estimated turnover rate to 14% for the service period. At the end of 2018, options vest for 68 executives. On February 3, 2019, 50 executives exercise their options when the market price of the company’s common stock is $62 per share. During the remainder of the year, the market price declines so that at the end of 2019 the other 18 executives allow their options to expire.

Based on a projection of past trends, on the grant date Pierce estimates that its sales will increase about 5% by the end of 2018. This estimate appears accurate through 2017. However, in the last half of 2018, sales increase so much that at the end of 2018 Pierce determines that its total sales have increased by 7% over the 3-year service period. All inventory is shipped by Pierce to its customers under FOB destination terms.

Required:

Prepare Pierce’s memorandum entry and the journal entry on December 31, 2016 in regard to this plan. Additional Instructions

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GENERAL JOURNAL

Prepare Pierce’s memorandum entry and the journal entry on December 31, 2017 in regard to this plan. Additional Instructions

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GENERAL JOURNAL

Prepare Pierce’s memorandum entry and the journal entry on December 31, 2018 in regard to this plan. Additional Instructions

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GENERAL JOURNAL

Prepare Pierce’s memorandum entry and the journal entries on February 3, 2019 and December 31, 2019 in regard to this plan. Additional Instructions

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GENERAL JOURNAL

Show how the account(s) related to the plan is (are) reported in the shareholders’ equity section of Pierce’s December 31, 2017, balance sheet. Additional Instructions

Prepare a schedule of Pierce’s compensation computations for its compensatory share option plan for 2016 through 2018.Additional Instructions

1)

Aday’s Restaurant has the following income statement:

Calculate administrative expenses as a % of sales

Select one:

a. 3.00%

b.

10.00%

c.
1.23%

d.
4.29%

2)

Smitty’s Place recorded the following information from its lunch period on May 1:

Using the information in the table above:

What is the average check?

Select one:

a. $18

b. $8

c. $6.92

d. $4.43

3)

Smitty’s Place recorded the following information from its lunch period on May 1:

Using the information in the table above:

What is the average dollar sales per table?

Select one:

a. $18

b. $8

c. $4.43

d. $37.23

MT scores: 11, 11, 16, 17, 19, 20, 21, 21 23 24 24 26 26 27 27 28 28 28 29 30 31 31 32 33 35 37 38 38 39 42 44

Questions for Class MT Score Distribution Analysis

1. Create a boxplot of MT scores.

2. Compute the probability that a randomly selected student from the class scored higher than 20.

3. Are the MT scores normally distributed? Why or why not?

4. Assuming a normal fit, compute the percentile of your score.

5. Compute your actual percentile from the raw data.

6. Do your computations for #4 and 5 support your answer to #3? Why or why not?

Answer the following questions:

Q.1) Is collecting cash from customer accounts receivable an expense or a revenue?

Q.2) Is purchasing supplies on account an expense or a revenue?

Q.3) Is cash receipts an expense or a revenue?

Q.4) Are invoices for services on account an expense or a revenue?

Q.5) Is paying for utility bills in the month of May that were received in the month of April an expense or a revenue?

Q.6) Is paying for employee salaries an expense or a revenue?

Q.7) Is purchasing a one-year insurance policy an expense or a revenue?

Q.8) Is paying $100 ( on 10th May) on the account payable that was established when supplies worth $200 were purchased on on 10th April, an expense or a revenue?

Q.9) Is receiving monthly utility bills amounting to $200 in the month of May that are to be paid in June an expense or a revenue?

Q.10) Are invoices for sales on account an expense or a revenue?

Assume that a bus company increased costs and fears that it will make a loss. What should it do, if to rise the fares may be a wrong policy.
To help it decide what to do it commissions a survey to estimate passenger demand at three different fares: the current face of 10c per km, a higher fare of 12c per km, and a lower fare of 8c. The results of the survey are shown in the first two columns:

Demand turns to be elastic. TR can be increased by reducing the price from current 10 to 8$.

What will happen to the company profits? Its profit is the difference between the total revenue from passengers and its total costs of operating the service. If buses are currently under-utilised , then is possible that the extra passengers can be carried without the need for extra buses with no extra cost..

At the fare of 10c , old profit was 40000. After the rase, a 10c now gives a loss of 40.000$. By raising the fare to 12c- loss increased to 80000$.

Questions:

1) Estimate the price elasticity of demand between 8c and 10c and between 10c and 12c. Show all detailed calculations.

2) 10c fare the best fare originally? Explain your answer detailed.

3) If the company considers lowering the fare to 6c and estimates the demand will be 8.5 million passenger km. What is your opinion, it is good idea? How should it decide?

Please identify each of the requirements as a functional requirement/property or non-functional requirement/property. For every non-functional property/requirement, please add a remark to explain why.

1. Customers must provide shipping information.

2. The system allows customers to pay with a Pay Pal account or a valid credit card on a web browser of their choice.

3. Customers must first register and set up an account with the system before they can purchase items.

4. In order to register an account, customers must have a valid e-mail address.

5. Customers must create a password and provide personal answers to account security questions.

6. Customers may have their credit card information saved to their account for faster use in the future.

7. Customers have the choice of splitting up a payment into multiple smaller payments.

8. Once an order is completed, the customer receives a confirmation number.

9. Upon receipt of the payment, the confirmed order is assigned with a tracking number.

10. The bookstore manager will be able to access the system in order to view sales summary reports.

Netflix experienced some membership turbulence in 2016 as a price increase was phased in for its US subscribers. •In May 2014, Netflix announced that the price of itsstandard subscription service would increase from $8 to $9. However, established customers were allowed to stay at the $7.99 price for two years. In 2015, Netflix increased the standard price to $9.99. •As a result of the pricing plan and the deferred price increase, in May, 2016, the standard pricing plan for long time customers of Netflix increased from $7.99per month to $9.99per month.Netflix began notifying customers in April that the price increase would become effective in the second quarter.Previously Netflix was trying to implement price increases more slowly after a 2011 increase led to negative publicity and a customer backlash. In that case, Netflix separated its streaming and DVD services, and charged separately for both services.However, regardless of the implementationof theprice increase, the higher monthly prices seem to have impacted the growth of membership among US subscribers. In the two quarters before the price increase, Netflix added net membership of 1.6 million and 2.2 million members. By contrast, the number of members added in Q2 was only 160,000, and in Q3 only 400,000. The Q2 growth in US subscribers was the lowest since Netflix began reporting those numbers in 2012.

US Streaming (millions) Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016

Revenue 1026 1064 1106 1161 1208 1304

Contribution Profit 340 344 379 413 414 475

Contribution Margin    33.1% 32.3% 34.3% 35.6% 34.3% 36.4%

Paid Memberships 41.1 42.1 43.4 45.7 46.0 46.5

Total Memberships 42.3 43.2 44.7 47.0 47.1 47.5

Net Additions 0.90 0.88 1.56 2.23 0.16 0.40

Monthly Revenue per

Paid Member $8.33 $ 8.43 $ 8.49 $ 8.47 $ 8.75 $ 9.40

Percentage Chg.Rev 3.7% 3.9% 5.0% 4.0% 7.9%

Percentage Chg. Memberships 2.5% 3.2% 5.3% 0.6% 0.9%

According to a MarketWatch article1on the price increase:Netflix said Monday that customers who learned in April that the price was about to increase had begun canceling their subscriptions, leading to unexpected “churn.” Netflix did not flat-out say inits letter to investorsthat the price increase led to higher churn among subscribers, however, instead saying it coincided with “press coverage” of the rate hike and that subscribers misunderstood “the news as an impending new price increase rather than the completion of two years of grandfathering.”The stock market reacted to news of Netflix price increase as well. The stock closed at $102.23 as of March 31, 2016. After the release of second quarter earnings in July, the stock price had fallen to $85.84 per share, a decline of 16%. This decline wiped out almost $7 billion of shareholder value during this period. Most of this decline was immediately following the release of the second quarter numbers.With competition increasing in for streaming services, especially with the growth of Amazon Prime Video and Hulu, the decline in membership growth could be a troubling sign.After review of the information above, consider your role as a consultant, and begin to develop a method of explaining what the situation is about. Offer convincing evidence of deep thought, and address the following;

1. Calculate the the price difference from the first quarter to the end of the third quarter. (2 consecutive quarters). You may use the List Price, however this does not reflect the impact over a specific period prior to the increase. Alternatively, you could use the Monthly Revenue Per member and calculate the difference from this provided data.

2. Calculate the change in membership. Estimate the loss in membership from the price increase. Consider the average growth over the four quarters –growth projected (average number of subscribers), and consider the real data of number of subscribers added. How many subscribers have they lost?

3.Anticipate the impact of the price increase to revenue, and marginal cost.Based on the elasticity of demand, and your review of the data, will you advise Netflixto institute another price increase in the next 3 years to support expanded programing?