2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 12,887 university students and found that 8,014 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
To calculate the required sample size, what value ofME. should we use in the formula below to calculate a 90% confidence interval within 8.84 percentage points? Give your answer to 4 decimal places.
n=p*(1−p*)(z*ME)2
In: Statistics and Probability
2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 11,590 university students and found that 8,066 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
To calculate the required sample size, what value ofz*. should we use in the formula below to calculate a 90% confidence interval within 2.82 percentage points? Give your answer to 4 decimal places.
n=p*(1−p*)(z*ME)2
In: Statistics and Probability
2020 will see another presidential election! Did you see the pun there (2020, see)? For this assignment, prepare a short write up about who the presidential candidates for 2020 are and what forms of media, including social media, that you are seeing. Include in your write up if there are any of the ads that are resonating with you in terms of candidate electability.
In: Economics
The Murdock Corporation reported the following balance sheet
data for 2021 and 2020:
| 2021 | 2020 | |||||||
| Cash | $ | 88,475 | $ | 28,955 | ||||
| Available-for-sale debt securities (not cash equivalents) | 20,500 | 95,000 | ||||||
| Accounts receivable | 90,000 | 77,250 | ||||||
| Inventory | 175,000 | 154,000 | ||||||
| Prepaid insurance | 2,400 | 3,000 | ||||||
| Land, buildings, and equipment | 1,270,000 | 1,135,000 | ||||||
| Accumulated depreciation | (620,000 | ) | (582,000 | ) | ||||
| Total assets | $ | 1,026,375 | $ | 911,205 | ||||
| Accounts payable | $ | 85,340 | $ | 158,670 | ||||
| Salaries payable | 24,000 | 29,500 | ||||||
| Notes payable (current) | 34,000 | 85,000 | ||||||
| Bonds payable | 210,000 | 0 | ||||||
| Common stock | 300,000 | 300,000 | ||||||
| Retained earnings | 373,035 | 338,035 | ||||||
| Total liabilities and shareholders' equity | $ | 1,026,375 | $ | 911,205 | ||||
Additional information for 2021:
Required:
Prepare a statement of cash flows for 2021 in good form using the
indirect method for cash flows from operating activities.
(Amounts to be deducted should be indicated with a minus
sign.)
In: Accounting
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In: Accounting
Pandemic Inc. provided the following comparative balance sheets for 2020 and 2019 and the 2020 income statement. Additional pertinent information is provided below.
- Fixed assets costing $8,000 with a book value of $3,000 were sold for $6,000.
- Long term investments costing $5,000 were sold for $5,000.
-Redeemed $5,000 of the bond issuance.
- Sold stock___________.
-Paid dividends_________.
All other transactions involved cash.
Be certain you have accounted for all the changes in the account line items somewhere in your 3 areas of SCF (ex. Fixed Assets account went from $28K to $40k - we did not just buy $12K this year....)
2020 2019
Cash $30,000 $16,000
Acct Receivable 7,000 5,000
Ppd Insurance 2,000 3,000
Inventory 13,000 11,000
L-T Investments 22,000 27,000
Fixed Assets 40,000 28,000
Acc Depreciation 8,000 6,000
Acct Payable 16,000 14,000
Interest Payable 4,000 ----000—
Taxes Payable 6,000 4,000
Bond Payable 20,000 25,000
Common Stock 21,000 20,000
APIC 3,000 0
Retained Earnings 36,000 21,000
Sales $120,000
-COGS - 60,000
Gross Profit 60,000
- Operating Expenses - 20,000
Income from Operations 40,000
+/- Other
Interest Expense -2,000
Gain on Sale of Equip +3,000
Taxable Income 41,000
-Tax -8,000
Net Income $33,000
Required: Prepare the Statement of Cash Flows for Operating, Investing and Financing using both the indirect and direct methods for Operating.
In: Accounting
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Assume the table below represents key economic data, including GDP, unemployment and inflation over the last 12 months. What is happening and what type of policy should be applied to bring the economy back to full-employment?
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In: Economics
In January 2019, Miller Construction Corp. contracted to construct a building for $3,600,000. Construction started in early 2019 and was completed in 2020. The following additional information is available:
2019 2020
Costs incurred...................................................... $1,458,000 $1,620,000
Estimated costs to complete.................................. 1,560,000 —
Billed ………………………………………………. 1,700,000 1,900,000
Collections during the year.................................... 1,440,000 2,160,000
Miller uses the percentage-of-completion method.
Instructions
Under the contract-based approach for percentage completion,
a) How much revenue should Miller report for 2019 and 2020?
b) Prepare all journal entries for 2019 and 2020 for this contract.
c) What amounts would be presented on Miller’s December 31, 2019 Balance Sheet?
d) What is the gross profit on the project for each of 2019 and 2020?
In: Accounting
Pronghorn Company’s net income for 2020 is $53,200. The only potentially dilutive securities outstanding were 1,000 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,700 shares of common were outstanding during 2020. The average market price of Pronghorn’s stock during 2020 was $25.
(a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)
(b) Assume the same facts as those assumed for part (a), except that the 1,000 options were issued on October 1, 2020 (rather than in 2019). The average market price during the last 3 months of 2020 was $25. (Round answer to 2 decimal places, e.g. $2.55.)
In: Accounting
NewMedia Inc. is planning to expand its business globally. oOh!Media Ltd, an Australian advertising and media company, is among the acquisition targets NewMedia is evaluating. oOh!Media has a sizable lease portfolio. Cindy, NewMedia’s CFO, is concerned that under IFRS 16 oOh!Media’s financial results and leverage may look significantly less attractive. Cindy is familiar with the new lease accounting standard for U.S. GAAP, but has not been following the IFRS standard. She has asked your team to 1) explain the major requirement of IFRS 16, focusing on how it differs from U.S. GAAP; and 2) estimate the impact on oOh!Media’s leverage, EBITDA, net profit and cash flows. She would like to see your findings in writing on or before 12/5/18. She also made it clear that your assumptions and methods are just as important as the estimates themselves. Finally, she reminded you that she never reads any office memo longer than 2 pages.
In: Accounting