A magazine is considering the launch of an online edition. The magazine plans to go ahead only if it is convinced that more than

25​%

of current readers would subscribe. The magazine contacted a simple random sample of

500

current​ subscribers, and

134

of those surveyed expressed interest. What should the company​ do? Test appropriate hypotheses and state your conclusion

Find the Z and P Value of the test statistic

Fast Co. produces its product through a single processing department. Direct materials are added at the start of production, and conversion costs are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process costing system. The Work in Process Inventory account has a balance of $90,300 as of October 1, which consists of $18,900 of direct materials and $71,400 of conversion costs.

During the month the company incurred the following costs:

During October, the company started 146,000 units and transferred 156,000 units to finished goods. At the end of the month, the work in process inventory consisted of 23,000 units that were 80% complete with respect to conversion costs.

Required:
1. Prepare the company’s process cost summary for October using the weighted-average method.
2. Prepare the journal entry dated October 31 to transfer the cost of the completed units to finished goods inventory.

**PLEASE SHOW BOTH PARTS**

16-3

Fast Co. produces its product through a single processing department. Direct materials are added at the start of production, and conversion costs are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process costing system. The Work in Process Inventory account has a balance of $102,300 as of October 1, which consists of $22,500 of direct materials and $79,800 of conversion costs.

During the month the company incurred the following costs:

During October, the company started 158,000 units and transferred 168,000 units to finished goods. At the end of the month, the work in process inventory consisted of 29,000 units that were 80% complete with respect to conversion costs.

Required:
1. Prepare the company’s process cost summary for October using the weighted-average method.
2. Prepare the journal entry dated October 31 to transfer the cost of the completed units to finished goods inventory.

ORT QUESTION (ESSAY / CASE STUDY / EXERCISE)
Case Study assignment question
Simon Mtshali, a 67-year-old South African resident, is married out of community of property to Maria
Mathe Mtshali. They only have one child (Brian Mtshali) who is 35 years old. None of them has a
disability. Simon had the following receipts and accruals for the current year of assessment:
R
 Salary from his employer 390 000
 Interest from a South African source (not a tax from investment) 40 000
 Dividend from South African company 8 000
The following were incurred by Simon during the current year of assessment:
 Pension fund contribution deducted from his salary (allowable deduction) 17 000
 Household expenses (not deductible for income tax purposes) 90 000
 Medical aid contribution per month on his behalf and his wife 5 000
All contributions to the retirement fund and medical aid were paid for by Simon.
Simon owns a small house in America which he lets out to a tenant at a monthly fee of R3 500. The
house was occupied for the full current of year of assessment and the tenant paid all rental amount
due for the current year of assessment. Since Simon is a South African resident, he hired an agent
based in America to collect rental fee from the tenant and deposit it into the bank account on behalf
of Simon. Simon pays the agent a monthly fee of R600 for this service.
Simon also runs a catering business from home. The total receipts of income nature for catering
services from Simon’s clients amounted to R220 000 for the 2019 year of assessment. Simon uses
his home kitchen that occupies 10% of the floor area of his home, to prepare the food for his catering
business. He has built an additional storeroom to store only the ingredients used for his trading
activities. The interest incurred on a loan used to build this storeroom is R1 500 for the 2019 year of

assessment. During the 2019 year of assessment, he repaid R2 000 of the capital outstanding on this
loan. Two-thirds of the Simon’s grocery purchases relates to his catering business. His grocery
purchases amounted to R120 000 for the 2019 year of assessment. The interest portion of the
mortgage loan repayments on the mortgage bond on Simon’s home is R8 200 for the 2019 year of
assessment. Simon pays R4 500 a month to a full-time assistant in his catering business. He also
paid his son, Brian Mtshali, R7 000 for the 2019 year of assessment for assisting as a waiter at
functions. Had he hired a waiter, it would have cost him R9 000 during the 2019 year of assessment.
Required:
Calculate Simon’s tax liability for the 2019 year of assessment

Is America the best? Explain how COVID-19 exposed governmental response and preparation, American Health Care System preparation, knowledge of science, and education system - for the good, the bad, and the ugly.

Provide solid examples such as situations in preparation, understanding the severity of the disease, the need to start the economy again, to protest without a mask, anti-vaccination groups, waiting for vaccination, riot, asymptomatic individuals, fear of being in crowds, fear of going out, mental health, new and changing discoveries of COVID, COVID testing, antibody testings, immunity, vulnerable groups, and/or anything else you can think about. NOTE, it can be any combination of examples you may discuss about.

From the example you had chosen, how could government/society improve on that situation? Explain how your ideal health system would work?

Part II: gdb (Debugging under Unix)

1. create a new directory named by Inlab6Part2
2. enter the directory Inlab6Part2
3. create a file named by reverse_new.c with the following contents:

/*reverse.c */

#include <stdio.h>

void reverse(char *before, char *after);

main()

{

      char str[100];    /*Buffer to hold reversed string */

      reverse("cat", str); /*Reverse the string "cat" */

      printf("reverse(\"cat\")=%s\n", str); /*Display result */

      reverse("noon", str); /*Reverse the string "noon" */

      printf("reverse(\"noon\")=%s\n", str); /*Display result */

}

void reverse(char *before, char *after)

{

      int i;

      int j;

      int len;

      len=strlen(before);

      for(j=len, i=0; j>=0; j--, i++)

                  after[i]=before[j];

      after[len]=NULL;

}

4. See the output, is it right?
5. compile reverse_new.c and prepare the debugger information at the same time.(To debug a program, it must have been compiled using the –g option to gcc, which places debugging information into the object module.)
6. Now you start the debugger and fix the errors.
   1. set breakpoint in line 1 and then go through step by step, print the value of arguments after each step.
   2. make sure you use most of the commands in the handout, and then print everything you did(all the commands and outputs).

On April 1, 2019 Garr Co. issued $4,800,000 of 5%, 5-year convertible bonds at a price of 102. The bonds pay interest on April 1 and October 1. Bond premium is amortized each interest payment period on a straight-line basis.

On April 1, 2020, all of these bonds were converted into 20,000 shares of $5 par common stock.

a) Prepare the entry to record the original issuance of the convertible bonds.

b) Prepare the entries to record the interest payment and premium amortization at October 1, 2019 and April 1, 2020.

c) Prepare the entry to record the conversion on April 1, 2020.

Nelson Co. manufactures a product that required 3.5 machine hours per unit. The variable and fixed overhead rates were computed using expected capacity of 144,000 units (produced evenly throughout the year) and expected variable and fixed overhead cost, respectively, of $2,016,000 and $3,528,000. In October, Nelson manufactured 11,900 units using 41,800 machine hours. October variable overhead costs were $165,000; fixed overhead costs were $294,500.

a. What are the standard variable and fixed overhead rates?

b. Compute the variable overhead variances

c. Compute the fixed overhead variances

d. Explain the volume variance computed in (c).

Age and Marital Status of Women

The following two-way table describes the age and marital status of American women in 1995. The table entries are in thousands of women.

1)(4 Points)Report the marginal distribution of marital status for all adult women (use percents). Draw a bar graph to display this distribution (draw either in Excel or in SPSS).

2) (4 Points)Compare the conditional distributions of marital status for women aged 18 to 24 and women aged 40 to 64. Briefly describe the most important differences between the two groups of women, and back up your description with percents.

3) (4 Points)You are planning a magazine aimed at women who have never been married. Find the conditional distribution of age among single women (those who have never been married) and display it in a bar graph (with either Excel or SPSS). What age group or groups should your magazine aim to attract?