A bag contains 4 red marbles, 2 green ones, 2 white ones, and 1 purple one. Michelle reaches into the bag and grabs 5 of the marbles.

1) Find the probability that she has 2 red ones and 1 of each of the other colors.

2) Find the probability that she has at least 1 green marble.

Express your answers as simplified fractions using the forward slash. Ex: 1/2

Laws for Accountants

How will a state and /or federally mandated requirement for late payments not to be considered late impact the bankruptcy laws? What about the many businesses that have been required to close-should there be some consideration given to that fact when many of these business file for bankruptcy? What about those who lose their jobs because their businesses are required to close? What does this do to their lenders and their banks?

6. A random sample of 15 women’s resting pulse rates from the National Health and Nutrition

Examination Survey (NHANES) showed a mean of 73.5 beats per minute and standard deviation is 17.1

1. Assume that the pulse rates are Normally distributed.

1. (3 points) Find a 99% confidence interval for the population pulse rate of women. Write down what command you used and what numbers you entered.

(d) (2 points) Is it plausible that the population pulse rate for women is 80? Explain.

7. Pass rates for Intermediate Algebra at a community college are 52.6%. In an effort to improve pass rates in the course, faculty of the community college develop a mastery-based learning model where course content is delivered in a lab through a computer program. The instructor serves as a learning mentor for the students. Of the 480 students who enroll in the mastery-based course, 267 pass. Was the college’s effort to improve the pass rate successful? Use = 0.05.

1. (4 points) State the null and alternative hypotheses using both symbols and words (be sure to use the correct symbols).

2. (3 points) Show that the conditions for the CLT are satisfied.

3. (4 points) Perform the appropriate hypothesis test using technology. Write down what command you used and what numbers you entered. Report the values of the test statistic and p-value.

4. (1 point) Do you reject or fail to reject the null hypothesis?

(e) (2 points) State your conclusion in the context of this problem.

Mandalay Ltd. is a company that manufactures fishing equipment and is owned by Managing Director, Joseph Cooper. It began trading two years ago, and has seen sales and profit grow at a good rate over the past 12 months. Due to this recent growth, Mandalay Ltd is planning a programme of expansion and as part of this is looking to recruit to its existing Finance department. Presently, the company employs one accountant who has overseen all areas of work but is now looking to split this into distinct financial and management accounting roles.

Alongside this, the company is looking to formalise the budget process. Joseph is keen to learn about different approaches to setting the budgets. He has heard about the incremental approach and zero based budgeting, but knows very little detail about them.

Required: Write a business memo to Joe Cooper that:

(a) Explains the role of management accounting in an organisation.

(b) Explains the purposes of preparing organisational budgets for Mandalay Ltd

(c) Describes both of the approaches to budgeting mentioned in the detail above and explains the potential advantages of each approach.

In your own words, explain what sampling error is.

Why is sampling error such an issue when it comes to inferential statistics.

What is alpha? What does it represent in hypothesis testing?

Now that you know a little more about hypothesis testing, how do you feel about the fact that hypothesis testing will never give you a certain answer—that there’s always a possibility of creating a Type I or Type II error?

Reconstruct Singer’s argument in support of the claim that affluent nations have a moral obligation to provide financial assistance to extremely poor nations. What is John Arthur’s objection to Singer’s argument. Be sure to identify which premise, if any, in Singer’s argument he rejects. What is Garrett Hardin’s objection to Singer? Be sure to state and explain which premise in Singer’s argument Hardin would object to. Finally, state (and explain) who makes the better of the two objections.

Consider the video that you watched about domestic violence. In the video she says "I didn't know he was abusing me". Imagine she is your patient at a Women's Clinic. She comes in for cough and cold symptoms but you notice bruises when you are listening to her lungs. Explain how you would approach the patient and talk to her about what she is likely experiencing at home based on your assessment.

Jackson Daniels graduated from Lynchberg State College two years ago. Since graduating from college, he has worked in the accounting department of Lynchberg Manufacturing. Daniels was recently asked to prepare a sales budget for the year 2016. He conducted a thorough analysis and came out with projected sales of 250,000 units of product. That represents a 25 percent increase over 2015. Daniels went to lunch with his best friend, Jonathan Walker, to celebrate the completion of his first solo job. Walker noticed Daniels seemed very distant. He asked what the matter was. Daniels stroked his chin, ran his hand through his bushy, black hair, took another drink of scotch, and looked straight into the eyes of his friend of 20 years. “Jon, I think I made a mistake with the budget.” “What do you mean?” Walker answered. “You know how we developed a new process to manufacture soaking tanks to keep the ingredients fresh?” “Yes,” Walker answered. “Well, I projected twice the level of sales for that product than will likely occur.” “Are you sure?” Walker asked. “I checked my numbers. I’m sure. It was just a mistake on my part.” Walker asked Daniels what he planned to do about it. “I think I should report it to Pete. He’s the one who acted on the numbers to hire additional workers to produce the soaking tanks,” Daniels said. “Wait a second, Jack. How do you know there won’t be extra demand for the product? You and I both know demand is a tricky number to project, especially when a new product comes on the market. Why don’t you sit back and wait to see what happens?” “Jon, I owe it to Pete to be honest. He hired me.” “You know Pete is always pressuring us to ‘make the numbers.’ Also, Pete has a zero tolerance for employees who make mistakes. That’s why it’s standard practice around here to sweep things under the rug. Besides, it’s a one-time event—right?” “But what happens if I’m right and the sales numbers were wrong? What happens if the demand does not increase beyond what I now know to be the correct projected level?” “Well, you can tell Pete about it at that time. Why raise a red flag now when there may be no need?” As the lunch comes to a conclusion, Walker pulls Daniels aside and says, “Jack, this could mean your job. If I were in your position, I’d protect my own interests first.” Jimmy (Pete) Beam is the vice president of production. Jackson Daniels had referred to him in his conversation with Jonathan Walker. After several days of reflection on his friend’s comments, Daniels decided to approach Pete and tell him about the mistake. He knew there might be consequences, but his sense of right and wrong ruled the day. What transpired next surprised Daniels. “Come in, Jack” Pete said. “Thanks, Pete. I asked to see you on a sensitive matter.” “I’m listening.” “There is no easy way to say this so I’ll just tell you the truth. I made a mistake in my sales budget. The projected increase of 25 percent was wrong. I checked my numbers and it should have been 12.5 percent. I’m deeply sorry; want to correct the error; and promise never to do it again.” Pete’s face became beet red. He said, “Jack, you know I hired 20 new people based on your budget.” “Yes, I know.” “That means ten have to be laid off or fired. They won’t be happy and once word filters through the company, other employees may wonder if they are next.” “I hadn’t thought about it that way.” “Well, you should have.” Here’s what we are going to do…and this is between you and me. Don’t tell anyone about this conversation.” “You mean not even tell my boss?” “No, Pete said.” Cwervo can’t know about it because he’s all about correcting errors and moving on. Look, Jack, it’s my reputation at stake here as well.” Daniels hesitated but reluctantly agreed not to tell the controller, Jose Cwervo, his boss. The meeting ended with Daniels feeling sick to his stomach and guilty for not taking any action.

What is the likely result of Pete’s “zero tolerance of employees making mistakes”?

Jonathan Walker is probably failing which of the Rest Stages?

If Jackson Daniels decides to do something, what is the one element missing in the chain of communication thus far?

-The failure to document the admission in writing

-The failure to report to the Comptroller

-The failure to report to Internal Audit

-The failure to report to Cwervo