Should the following be classified as held for sale or discontinued operations? Explain your rationale in detail.
a) Dark Ltd is committed to a plan to sell its staff quarters in
Ho Man Tin and has engaged a property agent to locate a buyer. Dark
Ltd’s employees will use the Ho Man Tin staff quarters until the
completion of the new staff quarters in Kowloon Bay in six months’
time. The Ho Man Tin staff quarters can be transferred to the buyer
when all employees move out.
b) Dark Ltd has been using two factories to manufacture traditional light bulbs. An increasing demand for LED lights has caused a significant drop in sales of the light bulbs. Dark Ltd has decided to move all the production facilities to one of the factories but keep the empty factory in the hope that the demand for traditional light bulbs may go back up in the near future
In: Accounting
Describe the evidence about the response of household’s consumption to tax rebates in the U.S. Consider Friedman’s Permanent Income model or its extension with uncertainty (i.e., Hall’s random walk model). To which extent can this type of model explain that evidence? How could the model be amended to pro- vide a better explanation? Use the formal elements of the model (i.e., optimality conditions and budget constraints) and graphs as appropriate to support your discussion.
In: Economics
1.Why does a child in a wagon seem to fall backward when you give the wagon a sharp pull forward?
2.State Newton's law that is application to why a driver or a passinger in a car needs to buckle up with a seat belt. Use this law to explain the importance of a seat belt.
In: Physics
In: Nursing
Donald is a 62-year-old male who has been experiencing frequent urination and trouble starting to urinate for several weeks. He has a family history of benign prostatic hyperplasia. Donald’s BMI is 29, he occasionally drinks alcohol and coffee, and his diet consists mainly of red meat, starches, and dairy products. Just yesterday, he had an episode of incontinence and decided to seek care immediately. Donald was referred to an urologist who suspected that his prostate was the cause of his urinary issues.
1. Briefly explain how Donald’s prostate could be related to his inability to urinate normally.
2. Explain what a prostate-specific antigen test is and how it could be helpful for Donald.
3. “Watchful waiting” is a treatment approach commonly used in cases involving the prostate. Explain what this means and why it is used.
In: Anatomy and Physiology
Nationally, about 11% of the total U.S. wheat crop is destroyed each year by hail.† An insurance company is studying wheat hail damage claims in a county in Colorado. A random sample of 16 claims in the county reported the percentage of their wheat lost to hail.
| 13 | 8 | 10 | 10 | 10 | 22 | 16 | 9 |
| 9 | 8 | 24 | 20 | 11 | 8 | 13 | 4 |
The sample mean is x = 12.2%. Let x be a random variable that represents the percentage of wheat crop in that county lost to hail. Assume that x has a normal distribution and σ = 5.0%. Do these data indicate that the percentage of wheat crop lost to hail in that county is different (either way) from the national mean of 11%? Use α = 0.01.
(a) What is the level of significance?
State the null and alternate hypotheses. Will you use a
left-tailed, right-tailed, or two-tailed test?
H0: μ ≠ 11%; H1: μ = 11%; two-tailedH0: μ = 11%; H1: μ > 11%; right-tailed H0: μ = 11%; H1: μ < 11%; left-tailedH0: μ = 11%; H1: μ ≠ 11%; two-tailed
(b) What sampling distribution will you use? Explain the rationale
for your choice of sampling distribution.
The standard normal, since we assume that x has a normal distribution with known σ.The Student's t, since n is large with unknown σ. The standard normal, since we assume that x has a normal distribution with unknown σ.The Student's t, since we assume that x has a normal distribution with known σ.
Compute the z value of the sample test statistic. (Round
your answer to two decimal places.)
(c) Find (or estimate) the P-value. (Round your answer to
four decimal places.)
Sketch the sampling distribution and show the area corresponding to
the P-value.
(d) Based on your answers in parts (a) to (c), will you reject or
fail to reject the null hypothesis? Are the data statistically
significant at level α?
At the α = 0.01 level, we reject the null hypothesis and conclude the data are statistically significant.At the α = 0.01 level, we reject the null hypothesis and conclude the data are not statistically significant. At the α = 0.01 level, we fail to reject the null hypothesis and conclude the data are statistically significant.At the α = 0.01 level, we fail to reject the null hypothesis and conclude the data are not statistically significant.
(e) State your conclusion in the context of the application.
There is sufficient evidence at the 0.01 level to conclude that the average hail damage to wheat crops in the county in Colorado differs from the national average.There is insufficient evidence at the 0.01 level to conclude that the average hail damage to wheat crops in the county in Colorado differs from the national average.
In: Statistics and Probability
Nationally, about 11% of the total U.S. wheat crop is destroyed each year by hail.† An insurance company is studying wheat hail damage claims in a county in Colorado. A random sample of 16 claims in the county reported the percentage of their wheat lost to hail.
| 14 | 9 | 7 | 11 | 10 | 22 | 13 | 11 |
| 5 | 10 | 22 | 21 | 11 | 10 | 12 | 7 |
The sample mean is x = 12.2%. Let x be a random variable that represents the percentage of wheat crop in that county lost to hail. Assume that x has a normal distribution and σ = 5.0%. Do these data indicate that the percentage of wheat crop lost to hail in that county is different (either way) from the national mean of 11%? Use α = 0.01.
(a) What is the level of significance?
State the null and alternate hypotheses. Will you use a
left-tailed, right-tailed, or two-tailed test?
H0: μ = 11%; H1: μ ≠ 11%; two-tailedH0: μ = 11%; H1: μ < 11%; left-tailed H0: μ ≠ 11%; H1: μ = 11%; two-tailedH0: μ = 11%; H1: μ > 11%; right-tailed
(b) What sampling distribution will you use? Explain the rationale
for your choice of sampling distribution.
The standard normal, since we assume that x has a normal distribution with known σ.The Student's t, since we assume that x has a normal distribution with known σ. The standard normal, since we assume that x has a normal distribution with unknown σ.The Student's t, since n is large with unknown σ.
Compute the z value of the sample test statistic. (Round
your answer to two decimal places.)
(c) Find (or estimate) the P-value. (Round your answer to
four decimal places.)
Sketch the sampling distribution and show the area corresponding to
the P-value.
(d) Based on your answers in parts (a) to (c), will you reject or
fail to reject the null hypothesis? Are the data statistically
significant at level α?
At the α = 0.01 level, we reject the null hypothesis and conclude the data are statistically significant.At the α = 0.01 level, we reject the null hypothesis and conclude the data are not statistically significant. At the α = 0.01 level, we fail to reject the null hypothesis and conclude the data are statistically significant.At the α = 0.01 level, we fail to reject the null hypothesis and conclude the data are not statistically significant.
(e) State your conclusion in the context of the application.
There is sufficient evidence at the 0.01 level to conclude that the average hail damage to wheat crops in the county in Colorado differs from the national average.There is insufficient evidence at the 0.01 level to conclude that the average hail damage to wheat crops in the county in Colorado differs from the national average.
In: Statistics and Probability
Write 450 words analysis about Doug Hajek at Davenport Evans and his role and career at Davenport Evans. Also, Briefly Explain what Davenport Evans do. (Don't directly copy your writing from anywhere)
In: Economics
More “money” is not always better. Explain to someone why they may have too much “money”, and if they are in such a position (having too much “money”) what they should do about it. Note: A definition of “money” will probably help in your explanation.
In: Economics
ABC Ltd is a wholesaler of furniture which has been in operation for ten years. It buys furniture from five major manufacturers and sells them to a range of customers. The company currently has a customer base of over 500 customers most of which are credit customers. The receivables balance comprises customers owing up to $2,000,000 to smaller balances of about $10,000, all with many different due dates for payments and credit limits. The level of receivables is considerably higher than last year and there are concerns about the creditworthiness of some customers.
The company has only recently computerised its operations including its accounting system. Manual invoices, receipts and cheques have been replaced with computer-generated documents. The sub-ledgers are now maintained in the accounting software which have facilitated more timely generation of statements much to the delight of customers. The sales process is initiated by a Purchase Order from the customer which is used to raise a system generated Sales Invoice and Delivery Slip. A copy of the Delivery Slip is given to the Security at the gate for logging and check off to allow passage of goods through the gate; another copy of the Delivery Slip is given for the customer to sign and then returned to the Sales Dept. All information is stored on ABC Ltd’s computer systems. There is no backup of data off site. The client’s staff are helpful although they cannot confirm completeness of documentation for the system.
You are the audit senior in charge assigned for ABC
Ltd’s audit and you are in the process of planning the current
year’s audit. You are contemplating the changes in the client’s
audit environment and the impact that these changes will have on
the audit risk and the audit methodology. Your audit assistant is
curious why it is necessary to plan the audit from one year to the
next. Why not just copy the previous year’s workpapers?
(c) State the approach for auditing in a computerized environment which you are using to design tests for testing controls over processing of data. Explain the reason for your choice, highlighting the benefits and drawbacks. State any assumption made as to resource availability.
(d) Explain how the choice of approach in (c) above is likely to impact audit risk? Identify the audit risk component which is most likely to be affected.
3. (a) Your audit plan notes that you will be testing the system of internal controls for the ‘three Es’. Explain the ‘three Es’ and the impact these will have on the audit if positive and if negative.
(b) State the audit procedure you will be using for
the following:
i) To test the control over completeness of sales
ii) To test the accuracy and existence of receivables balances
(c) List the set of management assertions for “Sales” and “Accounts Receivable” which you will be testing.
In: Finance