Visual Inspection

Noble Company's accounting records provided the following changes in account balances and other information for 2016:

Additional information: Net income was $9,900. Dividends were declared and paid. Land was sold for $1,700. No land was purchased. A building was purchased for $23,000. No buildings and equipment were sold. Bonds payable were issued at the end of the year. Two hundred shares of stock were issued for $15 per share. The beginning cash balance was $4,800.

Required:

Using visual inspection, prepare a 2016 statement of cash flows for Noble. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments.

1. When membrane potential changes, we use the terms depolarization, hyperpolarization, and repolarization. Explain what is happening to the membrane potential in relation to the extracellular fluid during depolarization and hyperpolarization. Explain how depolarization is possible with the movement of positive ions. Explain how depolarization is possible with the movement of negative ions. Explain how hyperpolarization is possible with the movement of both positive and negative ions, like you did for depolarization.

Vital capacity decreases with age (say after age 20), but TLC does not decrease. What changes in the lung volumes (TV/ERV/IRV/RV) contribute to VC are most likely to change with age to make the preceding statement true?

Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $2,105,000 (all on credit), and its net profit margin was 4%. Its inventory turnover was 5 times during the year, and its DSO was 37 days. Its annual cost of goods sold was $1,250,000. The firm had fixed assets totaling $365,000. Strickler's payables deferral period is 39 days. Assume a 365-day year. Do not round intermediate calculations.

A. Calculate Strickler's cash conversion cycle. Round your answer to two decimal places.

B. Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA. Round your answers to two decimal places.

Total assets turnover:  

ROA:   %

C. Suppose Strickler's managers believe the annual inventory turnover can be raised to 9 times without affecting sale or profit margins. What would Strickler's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 9 for the year? Round your answers to two decimal places.

  Cash conversion cycle:   days

  Total assets turnover:   

ROA:    %

Studies have examined changes over time in the annual global temperature based on planet-wide recordings. To make temperatures at different locations comparable, "temperature anomalies" are computed locally by comparing the local annual sea surface temperature average with the local temperature reference, the 1951-1980 average. The analysis showed that, in each of several time periods, the distribution of local seasonal temperature anomalies was approximately Normal. Because temperature anomalies are computed relative to the 1951-1980 reference period, summer temperature N(0,1). Decades later, summer temperature in the northern hemisphere over the 2005-2015 period followed approximately the N(1.6, 1.3) distribution. (a) Draw both distributions on the same graph, indicating the mean and standard deviation of each curve. (Select the graph that best matches the graph you drew. Make sure that the means and standard deviations on the legend match the curves.) 13 (b) In the reference period, standardized summer temperature anomalies greater than 3 were considered to be extreme heat events. Based on the proposed Normal model, what percent of local summer temperature anomalies in the northern hemisphere were extreme heat events in the 1951-1980 reference period? (Enter your answer rounded to one decimal place.) percent: (c) Based on the proposed Normal model, what percent of local summer temperature anomalies in the northern hemisphere between 2005 and 2015 were extreme heat events? (Enter your answer rounded to one decimal place.) percent (d) Based on the recording stations at numerous worldwide locations, 14.5% of temperature anomalies in the northern hemisphere were extreme heat events between 2005 and 2015, compared with 0.1% in the reference period of 1951 to 1980 Compare the actual values to the ones you obtained using the proposed Normal models. O Both values found using the Normal models are very close to the actual values. Neither value found using the Normal models is very close to the actual value. The value found for 1951-1980 using the Normal model is very close to the actual value, but not the one for 2005-201:5 O The value found for 2005-2015 using the Normal model is very close to the actual value, but not the one for 1951-1980.

During your time as a SeeMoji intern, you have communicated major company changes to both investors and customers. Write a five-paragraph essay answering the following question: Do mechanical errors affect the credibility of the writer?   

Elements of your essay that will be evaluated include:

·       Mechanics

·       Introduction

·       Thesis statement

·       Paragraph development

·       Transitions

·       Conclusion

Recent changes in how employees receive retirement, e.g. through a defined contribution plan vs. a defined benefit plan, have caused many to question whether they can retire at the age they expected. Please address responses to the following questions:

What is the main difference between the 401(k)-type, e.g. defined contribution plans, vs. traditional pension plans, e.g. defined benefit plans?

Which type of retirement plan do you prefer and why?

What type of retirement plan do you have at your place of employment?

Internal controls

1. Any changes to employee master file information since the last payroll period are evaluated to ensure that they have been properly authorized by the appropriate personnel.

2. The output is reviewed for reasonableness prior to distribution to users.

Consider the four methods of testing the operating effectiveness of controls (inquiry, observation, document examination, and re-performance). For each of the preceding controls, provide an example of how Mark's audit team might choose to test the operating effectiveness of the control using the four methods of test of controls (e.g., how would the audit team use inquiry, observation, document examination, and re-performance to test control #1, the generation and review of the system log?). [Note: Not all types of tests of controls will be appropriate for testing all the controls.]