Med Student Sleep Average (Raw Data, Software Required):
Here we consider a small study on the sleep habits of med students and non-med students. The study consists of the hours of sleep per night obtained from 30 non-med students and 25 med students. The sample data is given in the table below. Test the claim that, on average, the mean hours of sleep for all med students is different from that for non-med students. Test this claim at the 0.01 significance level.

Med Student Sleep Average (Raw Data, Software Required):
Here we consider a small study on the sleep habits of med students and non-med students. The study consists of the hours of sleep per night obtained from 30 non-med students and 25 med students. The sample data is given in the table below. Test the claim that, on average, the mean hours of sleep for all med students is different from that for non-med students. Test this claim at the 0.05 significance level.

Create an excel workbook for the following questions. Answer these questions under your Solver work for each respective problem.

1. Devos Inc. is building a hotel. It will have 4 kinds of rooms: suites where customers can smoke, suites that are non-smoking, budget rooms where the customers can smoke, and budget rooms that are non-smoking. When we build the hotel, we need to plan for how many rooms of each type we should have. The following are requirements for the hotel:

1. We want to figure out how many rooms of each type to build based on maximizing revenue if we fill up the hotel. We expect to charge $190 for a suite that is non-smoking and $140 for a budget room that is non-smoking. Smoking room customers for both suites and budget rooms will have to pay an additional $20 per night.
2. We can spend up to $7,500,000 on construction of our hotel. The cost to build a non-smoking budget room is $12,000. The cost to build a non-smoking suite is $15,000. It is $3,000 additional for a smoking room of either type for smoke detectors and sprinklers.
3. We require that the number of budget rooms be at least 1.5 times the number of suites, but no more than 3 the number of suites.
4. There needs to be at least 80 suites, but no more than 200.
5. Industry trends recommend that smoking rooms should be less than 50% of the non-smoking room and in addition, we require our builder gives us at least 4 smoking rooms.

Answer the following using your Solver answers:

1. How many of each room type should be built, and what would the revenue be for a night when our hotel was fully booked?
2. Without re-running Solver, what happens to our revenue if we get an additional $1,500,000 for building? Explain in words how you got this answer without re-running solver. Over what amount of construction costs can you use this procedure?
3. Over what range of room price can our budget non-smoking rooms vary over for us to get the same answer for the quantity of each type of room?

A BUG AGAINST OBESITY. The fastest spreading illness in the developed world is obesity. While willpower and nutrition choices are certainly important for controlling obesity, increasing evidence supports the hypothesis that elements of the microbiome are also important. Using synthetic biology approaches, develop a "probiotic" bacterium that can safeguard against obesity. You may use one of two approaches. First, you can design an organism that will consume excess calories, leaving only the appropriate amount for the host. In this case, make sure to take into consideration the fact that the host also needs a number of other nutritional factors -- N, P, Fe, vitamins -- and the bacterium must make sure to leave these behind as it consumes "calories". The second approach is to design a bacterium that will target and kill specific strains of bacteria known to enhance obesity -- mostly enteric Firmicutes (e.g. "Gram-positive" bacteria). These bacteria must be able to both FIND (by swimming towards them) and KILL these bacteria with specificity -- i.e., they leave all the other "normal flora" intact.

****Instructions:

1. Don’t say anything factually wrong. Speculation is okay, but point out when you’re speculating and justify your speculation with facts.
2. Don’t say anything irrelevant. (i.e., don't throw up everything you can think of hoping some of it will stick)
3. Provide justifications for every non-obvious point. Citations are helpful – especially to things in your textbook that I can easily look up!
4. Make sure your answers proceed logically and that you have a clearly stated thesis or hypothesis that is supported by evidence that’s appropriate to the question.
5. Use "normal language" as much as possible -- avoid "big sciency words" especially if you think there's any chance I will question whether you know what they mean. In other words, don't vacuum up material from the internet and put it into your answer.
6. Don’t write more than 1500 words. If you’ve got more than that, consider using drawings and other types of figures to get rid of some words.

Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center. Instructors, training on how to grade is within the Instructor Center. Assignment 1: Client Letter Due Week 2 and worth 150 points Imagine that you are a Certified Public Accountant (CPA) with a new client who needs an opinion on the most advantageous capital structure of a new corporation. Your client formed the corporation in question to provide technology to the medical profession to facilitate compliance with the Health Insurance Portability and Accountability Act (HIPAA). Your client is very excited because of the ability to secure several significant contracts with sufficient capital. Use the Internet and Strayer databases to research the advantages and disadvantages of debt for capital formation versus equity for capital formation of a corporation. Prepare a formal letter to the client using the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide. Write a one to two (1-2) page letter in which you: Compare the tax advantages of debt versus equity capital formation of the corporation for the client. Recommend to the client whether he / she should use debt or equity for capital formation of the new corporation, based on your research. Provide a rationale for the response. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Analyze tax issues regarding corporate formations, capital structures, income tax, non-liquidating distributions, or other corporate levies. Use technology and information resources to research issues in organizational tax research and planning. Write clearly and concisely about organizational tax research and planning using proper writing mechanics.

Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center. Instructors, training on how to grade is within the Instructor Center. Assignment 1: Client Letter Due Week 2 and worth 150 points Imagine that you are a Certified Public Accountant (CPA) with a new client who needs an opinion on the most advantageous capital structure of a new corporation. Your client formed the corporation in question to provide technology to the medical profession to facilitate compliance with the Health Insurance Portability and Accountability Act (HIPAA). Your client is very excited because of the ability to secure several significant contracts with sufficient capital. Use the Internet and Strayer databases to research the advantages and disadvantages of debt for capital formation versus equity for capital formation of a corporation. Prepare a formal letter to the client using the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide. Write a one to two (1-2) page letter in which you: Compare the tax advantages of debt versus equity capital formation of the corporation for the client. Recommend to the client whether he / she should use debt or equity for capital formation of the new corporation, based on your research. Provide a rationale for the response. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Analyze tax issues regarding corporate formations, capital structures, income tax, non-liquidating distributions, or other corporate levies. Use technology and information resources to research issues in organizational tax research and planning. Write clearly and concisely about organizational tax research and planning using proper writing mechanics. View comments (1)

Why do you think General Mills stock has underperformed in 2018? Include a discussion of the most recent quarterly report.

Why do you think General Electric has underperformed in 2018 so far?

Donald Smith has Medical wages of $174,000.00 during 2018. His employer withheld $2,523.00. His wife Anne has $150,000.00 of Medicare wages for the same period with $2,175.00 withheld. Complete their Form 8959 for 2018.

Non-Value-Added Activities: Non-Value-Added Cost

Thayne Company has 28 clerks that work in its Accounts Payable Department. A study revealed the following activities and the relative time demanded by each activity:

Required:

Classify the four activities as value-added or non-value-added, and calculate the clerical cost of each activity.

Problem 5-26 Accounting for notes receivable and uncollectible accounts using the percent of sales allowance method. The following transactions apply to Hooper co. for 2018, its first year of operations. (1). Issued $60,000 of common stock for cash. (2). Provided $90,000 of common stock for cash. (3). Collected $78,000 cash from accounts receivable. (4). Loaned $20,000 to Mosby Co. on November 30, 2018. The note had a one-year term to maturity and a 6 percent interest rate. (5). Paid $23,000 of salaries expense for the year. (6). Paid a $2,000 dividend to the stockholders. (7). Recorded the accrued interest on December 30, 2018 (see item 4). (8). Estimated that 1 percent of service revenue will be uncollectible.

a. Show the effects of these transactions in a horizontal statements model like the one shown as follows

Assets Equity Rev. - Exp. = Net Inc. Cash Flows

Event: Cash +Accts. Rec. + Notes Rec. + Int. Rec. = Com. Stk. + Ret.Earn.

- Allow. for Doubtful.

(b). Prepare the income statement, balance sheet, and statement of cash flows for 2018

Problem 7-29 Current Liabilities, The following selected transactions were taken from the books of Ripley Company for 2018. (1). On February 1, 2018, borrowed $70,000 cash from the local bank. The note had a 6 percent interest rate and was due on June 1, 2018. (2). Cash sales for the year amounted to $240,000 plus sales tax at the rate of 7 percent. (3). Pipley provided a 90-day warranty on the merchandise sold. The warranty expense is estimated to be 1 percent of sales.( 4). Paid the sales tax to the state sales agency on $210,000 of the sales.( 5) Paid the note due on June 1 and the related interest. (6). On November 1, 2018, borrowed $20,000 cash from the local bank. The note had a 6 percent interest rate and a one-year term to maturity. (7). Paid $2,100 for warranty repairs (8). A customer has filed a lawsuit against Ripley for $1 million for breach of contract. The company attorney does not believe the suit has merit. Questions a. (1) What is the amount of cash did Ripley pay for interest during 2018? (2) What amount of interest expense is reported on Ripley's income statement for 2018? (3) What is the amount of warranty expense for 2018? (b). Prepare the current liabilities section of the balance sheet at December 31, 2018.

(c). Show the effect of these transactions on the financial statements using a horizontal statements model like the one below. Use + for the increase, - for the decrease, and NA for not affected. In the Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA).The first transaction has been recorded as an example.

Assets = Liabilities + Equity Rev. - Exp. = Net Inc. Cash Flow

+ + NA NA NA NA + FA

Problem 6-22, Accounting for the acquisition of assets, including a basket purchase. Trinkle Company made several purchases of long-term assets in 2018. The details of each purchase are presented here: Basket purchase of Copier, Computer, and Scanner for $30,000 with Fair Market Values. 1. Copiers, $22,000 2. Computer, $10,000 3. Scanner, $8,000 Question. Allocation is based on relative market values Then, 6-23 Calculating depreciation expense using three different methods. Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, 2018. Purchase price $70,000 Delivery cost $3,000 Installation charge $1,000 Estimated life 5 years Estimated units 140,000 Salvage estimate $4,000. During 2018, the machine produced 36,000 units and during 2019, it produced 38,000 units. Determine the amount of depreciation expense for 2018 and 2019 using each of the following methods. Questions: (a). Straight - line b. Double - declining - balance. c. Units of productions Check figures: (b). Depreciation Expense, 1018, $29,600 c. Depreciation Expense, 2019, $19,000.