Questions
Five years ago the average university student owed $19,000 in student-loan debt at the time of...

Five years ago the average university student owed $19,000 in student-loan debt at the time of graduation. With all the cuts in funding, it is suspected that this amount has gone up. A survey of 45 recent university graduates revealed an average student-loan debt of $20,000. Assume that the population standard deviation is $2,500.

a) Define the parameter of interest (in words), and then formulate the null hypothesis and the alternative hypotheses.

b) Find the p-value and make a conclusion in the context of the question. Use a level of significance of 5% (i.e. α = 0.05).

In: Statistics and Probability

Aracel Engineering completed the following transactions in the month of June. a.Jenna Aracel, the owner, invested...

Aracel Engineering completed the following transactions in the month of June.

a.Jenna Aracel, the owner, invested $100,000 cash, office equipment with a value of $5,000, and $60,000 of drafting equipment to launch the company in exchange for common stock.

b.The company purchased land worth $49,000 for an office by paying $6,300 cash and signing a long-term note payable for $42,700.

c.The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b.

d.The company paid $3,000cash for the premium on an 18-month insurance policy.

e.The company completed and delivered a set of plans for a client and collected $6,200 cash.

f.The company purchased $20,000 of additional drafting equipment by paying $9,500 cash and signing a long-term note payable for $10,500.

g.The company completed $14,000 of engineering services for a client. This amount is to be received in 30 days.

h.The company purchased $1,150 of additional office equipment on credit.

I.The company completed engineering services for $22,000 on credit.

j.The company received a bill for rent of equipment that was used on a recently completed job. The $1,333 rent cost must be paid within 30 days.

k.The company collected $7,000 cash in partial payment from the client described in transaction g.

L.The company paid $1,200 cash for wages to a drafting assistant.

m.The company paid $1,150 cash to settle the account payable created in transaction h.

n.The company paid $925 cash for minor maintenance of its drafting equipment.

o.The company paid $9480 cash in dividends.

p.The company paid $1,200 cash for wages to a drafting assistant.

q.The company paid $2,500 cash for advertisements on the Web during June.

Required: 1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and Repairs Expense (604).

2. Post the journal entries from part 1 to the ledger accounts.

3. Prepare a trial balance as of the end of June.

In: Accounting

Aracel Engineering completed the following transactions in the month of June. a.Jenna Aracel, the owner, invested...

Aracel Engineering completed the following transactions in the month of June.

a.Jenna Aracel, the owner, invested $170,000 cash, office equipment with a
value of $7,600, and $73,000 of drafting equipment to launch the company
in exchange for common stock.
b.The company purchased land worth $60,000 for an office by paying $6,400
cash and signing a long-term note payable for $53,600.
c.The company purchased a portable building with $58,000 cash and moved it
onto the land acquired in b.
d.The company paid $3,300 cash for the premium on an 18-month insurance
policy.
e.The company completed and delivered a set of plans for a client and
collected $7,700 cash.
f.The company purchased $22,000 of additional drafting equipment by paying
$10,700 cash and signing a long-term note payable for $11,300.
g.The company completed $18,500 of engineering services for a client. This
amount is to be received in 30 days.
h.The company purchased $1,050 of additional office equipment on credit.
i.The company completed engineering services for $26,000 on credit.
j.The company received a bill for rent of equipment that was used on a
recently completed job. The $1,501 rent cost must be paid within 30 days.
k.The company collected $8,000 cash in partial payment from the client
described in transaction g.
l.The company paid $2,200 cash for wages to a drafting assistant.
m.The company paid $1,050 cash to settle the account payable created in
transaction h.
n.The company paid $1,155 cash for minor maintenance of its drafting
equipment.
o.The company paid $9,560 cash in dividends.
p.The company paid $2,200 cash for wages to a drafting assistant.
q.The company paid $4,100 cash for advertisements on the Web during June.


Required:
1. Prepare general journal entries to record these transactions using the
following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance
(108); Office Equipment (163); Drafting Equipment (164); Building (170);
Land (172); Accounts Payable (201); Notes Payable (250); Common Stock
(307); Dividends (319); Engineering Fees Earned (402); Wages Expense
(601); Equipment Rental Expense (602); Advertising Expense (603); and
Repairs Expense (604).
2. Post the journal entries from part 1 to the ledger accounts.
3. Prepare a trial balance as of the end of June.

In: Accounting

PQR Ltd is a US-based retailer and it uses LIFO method for valuation of inventory.

PQR Ltd is a US-based retailer and it uses LIFO method for valuation of inventory. Following information is obtained from its inventory records for 2019:

Inventory

Units

Unit price $

Opening balance

5000

10

January purchases

5000

12

April purchases

5000

14

June purchases

5000

16

Sold during 2019

19000


You are require to answer the following (no calculations are necessary):

  1. In light of US-GAAP, what are your key observations regarding cost of inventory balance and units sold?                                                                                        

  2. What are the potential consequences of current inventory management on profitability and availability of inventory?

In: Finance

Below are the jersey numbers of 11 players randomly selected from a football team. Find the range, variance, and standard deviation for the given sample data.

Below are the jersey numbers of 11 players randomly selected from a football team. Find the range, variance, and standard deviation for the given sample data. What do the results tell us? 

58 59 66 57 3 6 42 25 219 56

 Range = 64 (Round to one decimal place as needed.)

 Sample standard deviation = (Round to one decimal place as needed.)

 Sample variance = (Round to one decimal place as needed.) 

 What do the results tell us?

 A. Jersey numbers are nominal data that are just replacements for names, so the resulting statistics are meaningless.


In: Statistics and Probability

LIN Ltd is a US-based retailer and it uses LIFO method for valuation of inventory. Following...

LIN Ltd is a US-based retailer and it uses LIFO method for valuation of inventory. Following information is obtained from its inventory records for 2019:

Inventory Units Unit price $
Opening balance 5000 10

January purchases

 5000 12

April purchases

 5000 14
June purchases 5000 16
Sold during 2019 19000

You are require to answer the following (no calculations are necessary):

a) In light of US-GAAP, what are your key observations regarding cost of inventory balance and units sold?

b) What are the potential consequences of current inventory management on profitability and availability of inventory?

In: Accounting

Theory tells us that the real interest rate equals the marginal product of capital less the...

Theory tells us that the real interest rate equals the marginal product
of capital less the depreciation rate. Theory also tells us that the marginal
product of capital decreases when the capital-labor ratio increases. We know
from observation that the capital-labor ratio has been rising steadily for over a
century, but that the real interest rate and the depreciation rate have remained
relatively constant. How can all of these statements be correct? Explain.
Hint: One possible answer uses technological change in an important way.
Graphing the production function for different technology levels may be helpful.

In: Economics

The further out into the universe we are looking, the "further back in time" we are...

The further out into the universe we are looking, the "further back in time" we are seeing due to the time light takes to travel to us.
Assuming the expansion of the universe is uniform throughout all space, the further away something is, the faster it is expanding away from us.
So, couldnt we say that the universe is expanding faster in the past, and, therefore, slower in the present?

While I know it has something to do with speed of expansion relative to an observer as well as the perception of looking into the past versus something actually being in the past, I am having a hard time articulating an answer to the question.

In: Physics

Given the following information n= 5 Σ Xt = 30 Σ Yt = 172 Σ Yt...

Given the following information

n= 5 Σ Xt = 30 Σ Yt = 172 Σ Yt Xt = 980

Σ X2t = 205 Σ Y2t = 5162

Find the least squares estimates of α and β from

Yt = α + βXt + ut

The sum of squared residuals is 45.2691. What does the SSR tell us in general?

Find the unbiased estimate of the variance of ut. What does S2 tell us in general?

Test H0: β = 0 against H1: β > 0 at the 5% level of significance.

Calculate the 95% confidence interval for β.

Calculate the R2.

In: Statistics and Probability

At a retail selling price of $2.5, Pepsi will be able to cover 15% of the...

At a retail selling price of $2.5, Pepsi will be able to cover 15% of the approximately 1 billion units (20 oz. bottles) premium water market in US. If retailers charge a margin of 20% and if Pepsi’s unit variable cost in making and selling a bottle of LIFEWATR is $1, and Pepsi will incur a total fixed cost (in manufacturing, advertising, branding etc.) of $75 million, what is the profit that it can expect from the product? At $2, Pepsi will cover 20% of the premium water market in US. Do you think they should price the product at $2? Assume that there are no whole sellers between Pepsi and its retailers.

In: Finance