Conduct the hypothesis test and provide the test​ statistic, critical value and​ P-value, and state the conclusion.

A person randomly selected

100

checks and recorded the cents portions of those checks. The table below lists those cents portions categorized according to the indicated values. Use a

0.10

significance level to test the claim that the four categories are equally likely. The person expected that many checks for whole dollar amounts would result in a disproportionately high frequency for the first​ category, but do the results support that​ expectation?

Click here to view the chi-square distribution table.

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The test statistic is

nothing.

​(Type an integer or a​ decimal.)The critical value is

nothing.

​(Round to three decimal places as​ needed.)The​ P-value is

nothing.

​(Round to four decimal places as​ needed.)

State the conclusion.

▼

Reject

Do not reject

H0.

There

▼

is

is not

sufficient evidence to warrant rejection of the claim that the four categories are equally likely. The results

▼

do not appear

appear

to support the expectation that the frequency for the first category is disproportionately high.

Pantanal, Inc., manufactures car seats in a local factory. For costing purposes, it uses a first-in, first-out (FIFO) process costing system. The factory has three departments: Molding, Assembling, and Finishing. Following is information on the beginning work-in-process inventory in the Assembling Department on August 1:

During August, 97,000 units were transferred in from the Molding Department at a cost of $1,901,200 and started in Assembling. The Assembling Department incurred other costs of $999,670 in August as follows:

At the end of August, 16,000 units remained in inventory that were 80 percent complete with respect to direct materials and 50 percent complete with respect to conversion.

Required:

Compute the cost of goods transferred out in August and the cost of work-in-process ending inventory. (Do not round intermediate calculations.)

Pantanal, Inc., manufactures car seats in a local factory. For costing purposes, it uses a first-in, first-out (FIFO) process costing system. The factory has three departments: Molding, Assembling, and Finishing. Following is information on the beginning work-in-process inventory in the Assembling Department on August 1: Costs Degree of Completion Work-in-process beginning inventory (9,000 units) Transferred-in from Molding $ 98,000 100 % Direct materials costs 171,000 60 Conversion costs 63,000 50 Work-in-process balance (August 1) $ 332,000 During August, 105,000 units were transferred in from the Molding Department at a cost of $2,058,000 and started in Assembling. The Assembling Department incurred other costs of $1,039,565 in August as follows: August Costs Direct materials costs $ 801,040 Conversion costs 238,525 Total August costs $ 1,039,565 At the end of August, 16,000 units remained in inventory that were 80 percent complete with respect to direct materials and 50 percent complete with respect to conversion. Required: Compute the cost of goods transferred out in August and the cost of work-in-process ending inventory. (Do not round intermediate calculations.)

You have just turned 25 years old, and accepted a job offer. Now you must decide how much money to put into your retirement plan. The plan works as follows: Every dollar in the plan earns 8% per year. You cannot make withdrawals until you retire on your 60 th birthday. After that, you can make withdrawals as you see fit. You estimate that to live comfortably in retirement, you will need $80,000 per year, starting at the end of the first year of retirement and ending on your 100th birthday.

a. How much saving on your 60th birthday so that you can afford to spend $80,000 per year till you are 100?

b. If you contribute the same amount to the plan at the end of every year that you work, how much do you need to contribute each year to fund you retirement?

c. If you can save 2% more per year until you retire, how much do you need to contribute the first year to fund your retirement?

Kind of stuck on this one with the JE. Need to know if I am on the right track with this problem. Please help

Thomas sells products that carry a 6-month manufacturer’s warranty. Customers have the opportunity at the time of purchase to also buy a 3 year extended warranty for an additional charge of $100. Thomas sold 1,000 units this year for $2,000 each. For this year’s sales, Thomas estimates the 6-month warranty costs to be 10% of sales. Thomas incurred $40,000 servicing these warranties. Thomas estimates that the service cost on the extended warranties will be $70 per warranty. During the first year, Thomas sold 200 extended warranties and incurred costs of $2,000 to service extended warranties. During the second year, Thomas incurred $12,000 servicing the extended warranty.

How to calculate the weight percent Na2CO3 in impure base sample???

I did my calculations but it somehow doesnt make sense

First we find the moles of HCl

=0.1M HCl x volume of HCl used to titrate

       =0.1M x 10.5mL HCl

       =1.05 mol HCl

The ratio between Na2CO3 and Hcl is 1:2

Moles Na2CO3

= moles of HCl/2

=1.05mol HCl/2

=0.525mol Na2CO3

Mass Na2CO3

= moles of Na2CO3 x 105.9906 g/mol

       =0.525 mol Na2CO3 x 105.9906 g/mol

       =55.65 g

%    = mass of Na2CO3 x100/mass of sample from the impure solid

       =55.65g x 100/ 0.1328g = 41905.1205 ???

What did I do wrong??? (do I need to include the fact that that the impure base was first mixed with 25 mL of distilled water??? The HCl used is 0.1M for titrate to its endpoint)

1 (a) Graph the following market demand function Q = 300 – 25P, plotting P (prices) on the vertical axis, and Q (quantity), on the horizontal axis. Next, show how much quantity demanded changes when the price of the good given by this demand function increases from $5 to $7? (2 pts)

(b) Consider that the demand curve in part (a) above represents the market demand for a steak burger meal in a local area. This local area has three fast food restaurants that exclusively produce these meals, and they are owned by Sam, Sony, and Sheila. Their supply curves for a steak burger meal are given as follows: Sam’s Eatery Sony’s Hot Meals Sheila’s “To Go” Price ($) Quantity Price ($) Quantity Price ($) Quantity 2.50 0 2.50 5 2.50 5 5.00 15 5.00 20 5 15 8.00 28 8.00 42 8.00 30 10.00 35 10.00 50 10.00 40 12.50 55 12.50 75 12.50 60 15.00 80 15.00 100 15.00 80 Derive and carefully draw the market supply curve for steak burger meals. Also redraw the market demand (from part a), within the same plane. (2 pts) What is the equilibrium price and equilibrium quantity? (2 pt.)

(c) Assume that these fast food restaurants are now facing higher prices on the ingredients needed to produce their steak burger meals, and about the same time households in that area are finding it increasingly necessary to have their adult members work full time with overtime hours. How would these events and changes in this locality influence the computed equilibrium price and quantities for steak burger meals? (Both provide graph sketches and written intuitive explanations for your answer) (2 pts)

Question 6: Which statement is correct with respect to Section 1014 of the Internal Revenue Code?

A. Section 1014 requires adjustment, after the death of the decedent, to the basis of most items included in a decedent’s gross estate.

B. Section 1014 permits the exclusion from a decedent’s gross estate of real property located in a foreign country.

C. Section 1014 provides mortgage foreclosure relief for real property comprising part of a decedent’s gross estate.

D. Section 1014 was repealed effective January 1, 2015.

Question 7: The decedent died on March 12, 2016. The longest first income tax year the decedent’s executor can choose for the estate will end on

A. December 31, 2016.

B. January 31, 2017.

C. February 28, 2017.

D. March 31, 2017.

Question8: Which of the following trusts is eligible to be an S corporation shareholder?

A. Only electing small business trusts.

B. Only eligible foreign trusts.

C. Only qualified subchapter S trust.

D. Only electing small business trusts and qualified subchapter S trusts.

E. All of the above trusts are eligible to be S corporation shareholders.

Question 9. S corporation borrows $5,000 from Bank at 6% interest for one year.

A. If Bill, one of several shareholders of S corporation, signs an agreement with Bank guaranteeing repayment of the loan, he may add $5,000 to the basis of his S stock.

B. If shareholder Bill signs a repayment guarantee he will be entitled to have his Schedule K-1 from S corporation list 100% of the loan interest paid as his deduction to the exclusion of the other shareholders.

C. Even if shareholder Bill signs a repayment guarantee he will not be permitted to increase his S corporation stock basis by $5,000.

D. Partnership and S corporation tax rules allowing partners/shareholders to increase the basis of partners/shareholders by the amount of partnership/corporation debt are identical.

Question 10. Which of the following statements is correct?

A. A husband and wife count as a single S corporation shareholder.

B. A spouse and that spouse’s estate count as a single S corporation shareholder.

C. Members of a family with a common ancestor (who meet the six generations test), provided the appropriate election is in effect.

D. All of the above are correct.

Question 11 . An S corporation’s shareholder’s adjusted basis in the shareholder’s stock is used to determine

A. the extent to which a distribution made by the corporation to the shareholder is taxable.

B. the amount of losses that shareholders may deduct in a given year.

C. the shareholder’s realized gain or loss upon the sale or exchange of the stock.

D. all of the above.

Question 12. Which of the following tax consequences is not determined by reference to a shareholder’s adjusted basis in the shareholder’s stock in an S corporation?

A. the extent to which a distribution made by the corporation to the shareholder is taxable

B. the amount of losses that the shareholder may deduct in a given year

C. the shareholder’s realized gain or loss upon the sale or exchange of the stock

D. the amount of distributions to which the shareholder is entitled in a given year

A firm has a fixed cost of $20,000 in its first year of operation. When the firm produces 1,000 units of output, its total costs are $80,000. When it produces 1,100 units of output, its variable costs are $70,000. If the marginal cost of each of the 100 additional units of output is the same then the marginal cost of producing the 1,050th unit of output is less than $90.

True

false

The average variable cost curve and average total cost curve will eventually intersect as output increases because average fixed cost eventually becomes negative.

True

False

If marginal cost is rising, then it is likely that marginal product is decreasing because the additional input costs are spread over fewer units of output.

True

False

5. (Mixing Problem) A very large tank is initially filled with 100 gallons of water containing 5 pounds of salt. Beginning at time t = 0, a brine solution with a concentration of 1 pound of salt per gallon flows into the top of the tank at 3 gallons per second, the mixture is stirred, and the mixture flows out of the bottom of the tank at 2 gallons per second. (a) Letting w = pounds of salt in the tank at time t seconds, derive a differential equation using the principle dw dt = rate in − rate out. (b) Find a formula for w in terms of t by solving the differential equation in Part (a) after first expressing it in the form P(t, w) dt + Q(t, w) dw =0