Your patient is a 42-year-old female that arrives in the ED with complaints of fever and not feeling well. She is currently undergoing chemotherapy for bladder cancer. She has an indwelling urinary catheter with scant amount of dark, foul smelling urine. She has a temperature of 102.2F, HR 136, BP 110/50 and RR 28. She is allergic to penicillin and Sulfa.

• What type of shock is she experiencing?
• What interventions do you anticipate the doctor will order?
• What can you teach this patient about prevention of infection?
• The doctor orders Bactrim. What should you be concern about? Why?

Last year, the mean dollar spent for online purchases on the AMAZING WEBSITE for the week (7 days) before Labor Day among customers who use their Vista Charge Card was $350. The population standard deviation is not known. Because of increased use of on-line purchasing, Vista’s Vice President of Electronic Marketing believes that purchasing on the AMAZING WEBSITE has changed. He randomly selects 100 customer accounts. The results of the sample found that customers that used Vista charge card spent a mean dollar amount of $295 on purchases with s = $55. (use alpha 1%)

a) State the null and alternative hypothesis in symbols and in words. (3pts)

b) Calculate the expected results for the hypothesis test sampling distribution, assuming the null hypothesis is true. (i.e., name and graph of sampling distribution, mean and standard error) (3pts)

c) Identify the standard distribution that best approximates the sampling distribution. (1pts)

d) Formulate the decision rule(use can use either critical test scores or p-values) (3pts)

e) Determine the statistical results: test statistic, critical test statistic and p-value ( 6pts)

f) Determine the conclusion in terms of the null and alternative hypotheses. Do the sample results indicate that the vice president’s claim is supported at alpha = 1%?

Note: This problem is for the 2018 tax year.

Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a paralegal for a law firm.

During 2018, the Deans had the following receipts:

Wanda was previously married to John Allen. When they divorced several years ago, Wanda was awarded custody of their two children, Penny and Kyle. (Note: Wanda has never issued a Form 8332 waiver.) Under the divorce decree, John was obligated to pay alimony and child support—the alimony payments were to terminate if Wanda remarried.

In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus. As the driver was clearly at fault, the owner of the bus, Roadrunner Touring Company, paid her medical expenses (including a one-week stay in a hospital). To avoid a lawsuit, Roadrunner also transferred $90,000 to her in settlement of the personal injuries she sustained.

The Deans had the following expenditures for 2018:

The life insurance policy was taken out by Lance several years ago and designates Wanda as the beneficiary. As a part-time employee, Wanda is excluded from coverage under her employer's pension plan. Consequently, she provides for her own retirement with a traditional IRA obtained at a local trust company. Because the mayor is a member of the local Chamber of Commerce, Lance felt compelled to make the political contribution.

The Deans' household includes the following, for whom they provide more than half of the support:

Penny graduated from high school on May 9, 2018, and is undecided about college. During 2018, she earned $8,500 (placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wanda's widower father who died on January 20, 2018. For the past few years, Wayne qualified as a dependent of the Deans.

Federal income tax withheld is $5,200 (Lance) and $2,100 (Wanda). The proper amount of Social Security and Medicare tax was withheld.

Required:

Determine the Federal income tax for 2018 for the Deans on a joint return by providing the following information that would appear on Form 1040 and Schedule A. They do not want to contribute to the Presidential Election Campaign Fund. All members of the family had health care coverage for all of 2018. If an overpayment results, it is to be refunded to them.

Make realistic assumptions about any missing data.

Enter all amounts as positive numbers.

If an amount box does not require an entry or the answer is zero, enter "0".

When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar.

Consider a 3 year bond with a face value is $1,000 and a 10% coupon rate

a) If the current interest rate is 2%, what should be the price of the bond?

b) If you could purchase the bond for $1,100, is the yield you are getting higher or lower than 2%? How can you tell?

c) Assume you purchase the bond for $1,100 and hold if for one year. You collect one coupon payment and then sell the bond for $980. What is your rate of return?

Today, the gross price of a 10-year bond with $1,000 principal amount is 116.277. At the same moment, the price of the 10-year futures contract, which expires in two months, is 98.03. Its nominal amount is $100,000, and the deposit margin is $1,000. One month later, the price of the bond is 120.815 as the futures price is 102.24.

i) What is the leverage effect on this futures contract?

ii) An investor anticipates that rates will decrease in a short-term period. His cash at disposal is $100,000.

(a) What is the position he can take on the market using the bond? What is his absolute gain after one month? What is the return rate of his investment?

(b) Same question as the previous one using the futures contract.

(c) (1 mark) Conclude.

Last year the commercial time for a broadcast on a particular TV channel was normally distributed with
Expectation 6.1 minutes. The channel manager claims that this year there has been a change in the life expectancy of the broadcast time.
To test his claim, he modeled 16 hours of transmission and found that the average commercial time per hour of transmission
Is 5.7 hours with a standard deviation of 1.2 hours.

A. Would you justify the channel manager's claim with a significance level of 0.05 ?

B. What is the smallest level of significance by which to justify his claim?

C. The channel's VP of marketing built the following trust profit according to the same sample:
p {4.92 <μ <6.48} = 1-α, what level of trust did you use?

D. The elapsed time between two commercials is split exponentially with a span of 25 minutes.
What is the probability that more than 20 minutes will pass between 2 advertisements if less than 30 are known to have passed
subtlety?

Last year the commercial time for a broadcast on a particular TV channel was normally distributed with
Expectation 6.1 minutes. The channel manager claims that this year there has been a change in the life expectancy of the broadcast time.
To test his claim, he modeled 16 hours of transmission and found that the average commercial time per hour of transmission
Is 5.7 minutes with a standard deviation of 1.2 minutes.

A. Would you justify the channel manager's claim with a significance level of 0.05 ?

B. What is the smallest level of significance by which to justify his claim?

C. The channel's VP of marketing built the following trust profit according to the same sample:
p {4.92 <μ <6.48} = 1-α, what level of trust did you use?

D. The elapsed time between two commercials is split exponentially with a span of 25 minutes.
What is the probability that more than 20 minutes will pass between 2 advertisements if less than 30 are known to have passed
subtlety?

1. Wei is in his first year at Concordia and is aware that credit card companies target university students. He is ready to apply for a credit card but sees that there are many comparators in terms of interest rate, reward points etc. The two companies that have made him credit card offers are the Royal Bank with a nominal interest rate of 23.8%, while CIBC’s effective interest rate is 26.86%. Wei also knows that the interest rate on credit cards is compounded daily (365 days), two decimal places. Which statement is false?

1. Credit card interest is charged when you don't pay off your full balance by the due date each month.
2. Cash advances can also negatively impact your credit score by increasing how much money you’re borrowing relative to your overall credit limit, also known as your credit utilization rate. Generally speaking, you want to limit your overall borrowing amount to get a good credit score, which may be a harder target to hit if you suddenly withdraw a large credit card cash advance.
3. Interest charges on cash advances kick in immediately with no grace period.
4. Both credit cards (Royal Bank and CIBC) have equivalent effective interest rates.
5. The CIBC’s credit card interest rate is higher than the Royal Bank’s credit card interest rate when comparing effective interest rates.

Consider the following independent situations, all of which apply to audits of entities for the year ending 31 December 20X7:

(i) Slipway Limited, a listed company, has been experiencing declining sales over the last 2 years. Cost cutting has proved difficult due to the high level of imported machinery used in Slipway’s operations and consequently margins have been falling. While the bankers are presently happy to continue providing Slipway with loan facilities, they do expect to see improved results in the next financial report. Articles about Slipway’s expected financial results appearing in recent press reports all had quite a pessimistic tone.

(ii) Discount Foods Limited is a large supermarket chain with offices in all capital cities around Australia. Until 30 June 20X7 data processing relating to payroll transactions will be carried out in each capital city by an independent computer service bureau. \

(iii) Getaway Pty. Limited is a long established firm which has been operating a boutique hotel in the Blue Mountains for over 20 years. During this time, it has adopted a conservative business strategy that has seen it produce adequate, though slightly unimpressive, results. A new CEO has been appointed to run the firm from 1 September 20X7. He has already released his plans for renovating the hotel, despite not officially serving as CEO yet. You have also heard him discuss the implementation of a new marketing strategy to boost occupancy rates.

(iv) Angora Pty. Limited is a small primary producer specializing in the production of angora wool. Angora’s recent display at a trade show has seen orders flood in from overseas buyers. The accountant, Michael, has done his best to satisfy the orders as quickly as possible while maintaining the appropriate (foreign currency) accounting records. However, from some of the questions he has been asking you, you suspect he is out of his depth.

(v) Kings Pty. Limited has been manufacturing uniforms for the Australian market for the last 40 years. The government’s recent tariff reduction policy has placed Kings in direct competition with cheaper uniforms manufactured overseas. In a bid to retain market share, Kings has been selling part of its school uniform range at less than cost. However, overall profit figures remain buoyant.

Required: For each of the above independent situations describe the overall impact on audit risk and identify the specific component(s) of audit risk affected.

The sponsors of televisions shows targeted at the market of 5- to 8-year olds want to test the hypothesis that children watch television AT MOST 20 hours per week. The population of viewing hours per week is known to be normally distributed with a standard deviation of 6 hours. A market research firm conducted a random sample of 30 children in this age group. The resulting data follow:

At a .10 level of significance, use Excel to test the sponsors' hypothesis.

Do not eject Null Hypothesis. There is not strong evidence that children watch more than 20 hours per week.

Reject Null. The evidence suggests children watch more than 20 hours per week

Reject Null. The evidence suggests children watch about 20 hours per week

Do not reject Null hypothesis. The evidence suggests children watch more than 20 hours per week.

Personal Budget

At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:

a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.

Feedback

Sometimes an item may be a decrease in one period and an increase in a different period.

Review the definitions of static budgets and flexible budgets.

What weaknesses are shown by this cash budget?

b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

Static

c. What are the budget implications for Craig Kovar?

Craig can see that his present plan will not provide  sufficient cash. If Craig did not budget but went ahead with the original plan, he would be $fill in the blank 9b0586052fd4fe0_3 short  at the end of December, with no time left to adjust.

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