Questions 1 through 12 are based on the following You work for a men’s designer apparel company based in the US that is planning to expand to the Netherlands. Your target market is young professional men in the age range 24-35. You conducted a survey of 239 Dutch people that satisfies this criterion. From this survey, you have the following information: average income = $43,348.44, standard deviation = $21,989.02, Standard Error = $1422.35

Question 1

The above income information obtained from the survey pertains to

a.The population of Dutch professional men in the age range 24-35

b. The sample of 239 Dutch professional men in the age range 24-35

c. Sampling distributions of the average income (n=239) of Dutch professional men in the age range 24-35

Question 2

The mean of the sampling distribution (n=239) of the average income of Dutch professional men in the age range 24-35 is

a. $43,348.44

b.$45,905.00

c.We need a confidence interval estimate

Question 3 The standard deviation of the sampling distribution of the average income (n=239) of Dutch professional men in the age range 24-35 is

a. $21,989.02

b.$1422.35

c.We need to calculate the z-value

Question 4

You would like to know if the average income of your target market in the Netherlands is different from the US market. In the US, the average income is $45,000. In the past, your company did not expand to another country if the average income of the target market was different from the US. What are the appropriate null and alternative hypotheses to pursue your research question? Group of answer choices

a.Null Hypothesis: The average income of Dutch professional men in the survey is $45,000; Alternative Hypothesis: The average income of Dutch professional men in the survey is different from $45,000

b.Null Hypothesis: The average income of Dutch professional men aged 24 - 35 is $45,000; Alternative Hypothesis: The average income of Dutch professional men aged 24 - 35 is different from $45,000

c.None of the above

Question 5

From the above sample, the 90% confidence interval estimate of the average income of Dutch target market is [$40,999.74, $45,697.15]. Based on this information,

a.Reject the Null Hypothesis at 10% level of significance

b.Fail to Reject the Null Hypothesis at 10% level of significance

c.We need more information

Question 6

What is the Z-value (Ztest) of the hypothesis test? ______ (round up to 2 decimal points).

Question 7

At 10% level of significance, the rejection region to test your hypothesis is:  

a.Z < -1.16 or Z >1.16

b.Z < - 1.96 or Z > 1.96

c.Z < -1.64 or Z > 1.64

Question 8

Based on the test-statistics and your chosen level of significance, what is your statistical inference?  

a.Reject the Null Hypothesis

b.Fail to Reject the Null Hypothesis

Question 9

The p-value of the above hypothesis test is 0.247. What is your statistical decision (previously, you chose a significance level of 10%)?

a. Reject the Null Hypothesis

b. Fail to Reject the Null Hypothesis

Question 10

Based on the statistical inference above, what is your business decision? In the past, your company did not expand to another country if the average income of the target market was different from the US. Group of answer choices

a.Expand to Netherlands

b.Do not expand to Netherlands

c.I am undecided

Question 11

If the actual average income of the Dutch target market is $43,000, then your statistical decision and subsequent business decision is an example of

Group of answer choices

a.Type I Error

b.Type II Error

c. No Error has been committed

Question 12

How would your statistical and subsequent business decision change if you use a 5% level of significance (instead of the 10% level of significance used above) Group of answer

a. choices Remains the same

b. Gets reversed

You invested in Facebook, and you're a diversified investors. Which of the following risks concern you the most?

a.

The risk that a global economic slowdown will affect how much companies spend on advertising

b.

The risk that users will find a different social media platform to spend their time on.

c.

The risk that Mark Zuckerberg will stay on as CEO

d.

The risk that Mark Zuckerberg will leave as CEO

e.

The risk that new privacy laws will restrict data gathering and access

The Cheebles cookie factory changed their recipe. The inspectors took a sample of the new cookies and found that the sample was 42 grams with a standard deviation of 4 grams. the Cheebles CEO specially asked the inspectors to use these statistics to find the lower and upper boundary weighs of 50% of their cookies. What are the Z values of the limits of the limits of the area covering the middle half of the area under the normal curve that the inspectors would use to find this information for the CEO of Cheebles?

1-Explain why a company that is publicly traded using a US market may not file a report on Form 10-K and still be in compliance with its’ annual reporting obligation.

2- Identify the reports that accompany a set of financial statements .

Let's begin by talking about plant assets. Can you tell us what kind of plant assets are used in your company or place of business? Do you have an estimate of the amount invested in those plant assets?

Lowell Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2020.

Lowell has a labor contract that calls for a wage increase to $9 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1.

Lowell expects to begin the year with 16,100 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month’s sales, plus 50% of the second following month’s sales.

Prepare a production budget for Lowell Company by month and for the first quarter of the year.

eTextbook and Media

Prepare a direct labor budget for Lowell Company by month and for the first quarter of the year. The direct labor budget should include direct labor hours. (Round Direct labor hours per unit answers to 1 decimal place, e.g. 52.7.)

The fact that generally accepted accounting principles allow companies flexibility in choosing between certain allocation methods can make it difficult for a financial analyst to compare periodic performance from firm to firm.

Suppose you were a financial analyst trying to compare the performance of two companies. Company A uses the double-declining-balance depreciation method. Company B uses the straight-line method. You have the following information taken from the 12/31/2021 year-end financial statements for Company B:

You also determine that all of the assets constituting the plant and equipment of Company B were acquired at the same time, and that all of the $100,000 represents depreciable assets. Also, all of the depreciable assets have the same useful life and residual values are zero.

Required:

1. In order to compare performance with Company A, estimate what B's depreciation expense would have been for 2021 if the double-declining-balance depreciation method had been used by Company B since acquisition of the depreciable assets.
2. If Company B decided to switch depreciation methods in 2021 from the straight line to the double-declining-balance method, prepare the 2021 journal entry to record depreciation for the year, assuming no journal entry for depreciation in 2021 has yet been recorded.

If Company B decided to switch depreciation methods in 2021 from the straight line to the double-declining-balance method, prepare the 2021 journal entry to record depreciation for the year, assuming no journal entry for depreciation in 2021 has yet been recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry worksheet

• Record the depreciation expense for 2021.

Note: Enter debits before credits.