A new online test preparation company compared 3,025 students who had not used its program with 2,150 students who had. Of those students who did not use the online test preparation program, 1,513 increased their scores on the SAT examination compared with 1,100 who did use the program. A significance test was conducted to determine whether there is evidence that the online test preparation company's students were more likely to increase their scores on the SAT exam. What is the p-value for an appropriate hypothesis test?

22% of US adults use Twitter. A random sample of 15 US adults is selected. a) Find the probability that the sample contains exactly 4 Twitter users. b) Find the probability that at least one US adult in the sample uses Twitter. c) Find the mean and standard deviation for the number of US adults using Twitter.

One of the worst of Bond’s acquisitions was the ailing American brewer G Heileman, for which he paid $1.26 billion in 1987, around three times what it was worth. Heileman, Bond figured, would be the perfect vehicle to launch his local brewing assets – Swan, Castlemaine and Tooheys – in the US market. It turned out to be merely another symptom of an incurable condition which caused Bond to do deals and then juggle his increasingly massive debt to pay for them.

In the same year he bought Heileman, Bond also made the most expensive art purchase the world had ever known. But the $US54 million he paid for Vincent van Gogh’s Irises was typical of his unusual deals, its purchase having been financed to the tune of around $US27 million by the auctioneer Sotheby’s. Bond never paid them back, and the painting never graced any of his homes. Bond meanwhile struck another deal during the same period that typified his doubtful business acumen and became part of Australian business folklore.

The purchase from Kerry Packer of the Nine Network for $1.05 billion, and its later sale back to Packer for $300 million was a dream transaction – but not for Bond. By 1989, the man who had marched boldly into boardrooms around the world found himself firmly on the back foot with Bond Corporation’s debt at astonishing levels and his once compliant bankers clamouring for repayment. More persistent than the bankers, however, was the English businessman Roland “Tiny” Rowland, in whose company Lonrho, Bond, using yet more borrowed money, had acquired a substantial holding. Rowland pulled Bond’s business empire apart in a 93-page document he published showing it to be insolvent and trading illegally. Rowland’s revelations made an already slippery slope ever more perilous. The first part of his father’s forecast came to pass in 1991 when Bond faced trial for theft over a deal to rescue the failed Rothwells merchant bank. It was a case that revealed much about how business was done Bond-style.

Bond allegedly talked a business colleague Brian Coppin into tipping a few million into a rescue of Rothwells while concealing that Bond Corp would receive a $16 million fee for organising the rescue. Bond served six months, only to be acquitted at a re-trial. That success proved fleeting as the world continued to crash down around the man who little more than a decade earlier had been named Australian of the Year. In 1996 Bond was committed to stand trial for defrauding the shareholders of Bell Resources, a company he had acquired from the late Robert Holmes a’Court, of more than $1 billion. He also stood trial and was jailed over a fraudulent art deal involving the Edouard Manet painting La Promenade which Bond’s public company, Bond Corp, sold to his private company Dallhold for $2.46 million. He got four years for stealing the money from Bell resources and three for the art deal. Together the guilty verdicts made him the biggest fraudster in Australian history.

Research the case of early corporate collapses in Australia mentioned in the textbook on page 11: Alan Bond. Prepare a brief report outlining the case. What was the underlying reason for the failure? Would today's corporate governance codes, rules and regulations have prevented these outcomes? (200 words)

Portfolio Project Option #2 is for accounting students who are intuitive learners by nature. You learn best from abstract materials like theories and concepts, enjoy challenges, and tend to be more innovative. For this assignment, you are required to complete the accounting case for Denver Works Co in Part 1, KPWC Service in Part 2, and Virginia Company in Part 3. Follow the additional instructions provided below.

Part 1:

Denver Works Co, a global marketing company, completed the following transactions during the first month of operations:

April 1: Denver Works stockholders’ issued 5,300 shares of $20 par value capital stock for $80,000 cash along with equipment valued at $26,000.

April 2: Denver Works prepaid $9,000 for 12 months’ rent for their office space.

April 3: Denver Works made credit purchases of $8,000 for office equipment and $3,600 for office supplies. Payment is due within 10 days.

April 6: Denver Works completed services for a client and immediately received $4,000 cash.

April 9: Denver Works completed a $6,000 project for a client who must pay within 30 days.

April 13: Denver Works paid $11,600 cash to settle the accounts payable created on April 3.

April 19: Denver Works paid $2,400 cash for the premium on a 12-month insurance policy.

April 22: Denver Works received $4,400 cash as a partial payment for the work completed on April 9.

April 25: Denver Works completed work for another client for $2,890 on credit.

April 28: Denver Works paid a dividend of $5,500 cash to its stockholders.

April 29: Denver Works purchased $600 of additional office supplies on credit.

April 30: Denver Works paid $435 cash for this month’s utility bill.

Instructions:

Prepare journals for the above economic transactions. Use the following assignment template for Denver Works Co.

Denver Works Assignment Template

Part 2:

The unadjusted trial balance of KPWC Service is entered on the partial worksheet below.

KPWC Service

Work Sheet

For the year ended December 31

 

 

Account

 

Unadjusted Trial Balance

 

 

Adjustments

 

Adjusted Trial Balance

 

Income Statement

Balance Sheet and Statement of Stockholders’ Equity

 

Debit

Credit

Debit

Credit

Debit

Credit

Debit

Credit

Debit

Credit

Cash

38,000

 

 

 

 

 

 

 

 

 

Accounts Receivable

10,000

 

 

 

 

 

 

 

 

 

Supplies

14,000

 

 

 

 

 

 

 

 

 

Automobiles

160,000

 

 

 

 

 

 

 

 

 

Accum. Depr. - Autos

 

  45,000

 

 

 

 

 

 

 

 

Accounts payable

 

15,000

 

 

 

 

 

 

 

 

Unearned fees

 

22,000

 

 

 

 

 

 

 

 

Salaries payable

 

 

 

 

 

 

 

 

 

 

Capital Stock

 

55,000

 

 

 

 

 

 

 

 

Dividends

45,000

 

 

 

 

 

 

 

 

 

Fees earned

 

275,400

 

 

 

 

 

 

 

 

Salary expense

115,000

 

 

 

 

 

 

 

 

 

Rent expense

30,400

 

 

 

 

 

 

 

 

 

Advertising expense

 

 

 

 

 

 

 

 

 

 

Supplies expense

 

 

 

 

 

 

 

 

 

 

Depreciation expense

______

______

 

 

 

 

 

 

 

 

Totals

412,400

412,400

 

 

 

 

 

 

 

 

Instructions:

Using the following information, complete the worksheet to record adjustments, adjusted trial balance, income statement, balance sheet & statement of stockholders’ equity:

(a)  Unpaid and unrecorded salaries earned by employees, $5,000.

(b)   Unused supplies still on hand is $2,000.

(c)   Machinery depreciation, $25,000.

(d)   Customers who paid $11,000 in advance have received their services.

(e)   Advertising for last quarter of the year in the amount of $4,000 remains unpaid and unrecorded.

(f)  The rent expense incurred and not yet paid or recorded at fiscal year-end is $3,000.

Part 3:

Virginia Company, a battery retailer, began year 20x7 with 23,000 units of product in its January 1 inventory, at a cost of $15 per unit. It made successive purchases of its product in year 20x7, as follows. The company uses a periodic inventory system. On December 31, 20x7, a physical count reveals that 40,000 units of its product remain in inventory.

 

Mar. 7

30,000 units

@ $18 each

May 25

39,000 units

@ $20 each

Aug. 1

23,000 units

@ $25 each

Nov. 10

35,000 units

@ $26 each

Instructions

Using the following template

Compute the number and total cost of the units available for sale in year 20x7.Compute the amounts assigned to the 20x7 ending inventory, and the cost of goods sold for FIFO, LIFO, and weighted average.The 110,000 units sold are $35 each. Prepare comparative income statements for the three inventory costing methods of FIFO, LIFO, and weighted average, which include a detailed cost of goods sold section as part of each statement. (Round your average cost per unit to 2 decimal places.)As the chief accountant of Virginia Company, provide recommendations, giving all reasons based on your research on retail industry inventory best practices, management on:Which inventory method (FIFO, LIFO, average cost, or specific identification) you should use.Whether it is a good idea to keep using the periodic system as opposed to the perpetual inventory system.

Reminder: Your Part 3 paper should be 2-3 pages in length total and conform to CSU-Global Guide to Writing and APARequirements.  Include scholarly references as needed in addition to the course textbook to support your views.  The CSU-Global Library is a good place to find these references.

The data below represent commute times​ (in minutes) and scores on a​ well-being survey. Complete parts​ (a) through​ (d) below.

Commute Time​ (minutes), x		55	1515	3030	3535	5050	8484	105105
​Well-Being Index​ Score, y		69.169.1	67.867.8	66.266.2	65.865.8	64.564.5	62.362.3	59.959.9

​(a) Find the​ least-squares regression line treating the commute​ time, x, as the explanatory variable and the index​ score, y, as the response variable.

ModifyingAbove y with caretyequals=nothingxplus+left parenthesis nothing right parenthesis

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

​(b) Interpret the slope and​ y-intercept, if appropriate. Interpret the slope. Select the correct choice below​ and, if​ necessary, fill in the answer box to complete your choice.

A.For an index score of​ zero, the commute time is predicted to be

nothing

minutes.

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

B.For every unit increase in index​ score, the commute time

fallsfalls

by

nothing​,

on average.

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

C.For every unit increase in commute​ time, the index score

fallsfalls

by

nothing​,

on average.

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

D.For a commute time of zero​ minutes, the index score is predicted to be

nothing.

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

E.

It is not appropriate to interpret the slope.

Interpret the​ y-intercept. Select the correct choice below​ and, if​ necessary, fill in the answer box to complete your choice.

A.For an index score of​ zero, the commute time is predicted to be

nothing

minutes.

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

B.For every unit increase in commute​ time, the index score

fallsfalls

by

nothing​,

on average.

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

C.For every unit increase in index​ score, the commute time

fallsfalls

by

nothing​,

on average.

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

D.For a commute time of zero​ minutes, the index score is predicted to be

nothing.

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

E.

It is not appropriate to interpret the​ y-intercept.

​(c) Predict the​ well-being index of a person whose commute time is

2525

minutes.The predicted index score is

nothing.

​(Round to one decimal place as​ needed.)

​(d) Suppose Barbara has a

2020​-minute

commute and scores

66.766.7

on the survey. Is Barbara more​ "well-off" than the typical individual who has a

2020​-minute

​commute? Select the correct choice below and fill in the answer box to complete your choice.

​(Round to one decimal place as​ needed.)

A.​No, Barbara is less​ well-off because the typical individual who has a

2020​-minute

commute scores

nothing.

B.​Yes, Barbara is more​ well-off because the typical individual who has a

2020​-minute

commute scores

nothing.

Click to select your answer(s).

The data below represent commute times​ (in minutes) and scores on a​ well-being survey. Complete parts​ (a) through​ (d) below. Commute Time​ (minutes), x 5 15 30 40 50 84 105 ​Well-Being Index​ Score, y 68.9 67.6 65.8 64.9 64.0 61.5 58.8 ​(a) Find the​ least-squares regression line treating the commute​ time, x, as the explanatory variable and the index​ score, y, as the response variable. ModifyingAbove y with caret equalsnothingxplusleft parenthesis nothing right parenthesis ​(Round to three decimal places as​ needed.) ​(b) Interpret the slope and​ y-intercept, if appropriate. Interpret the slope. Select the correct choice below​ and, if​ necessary, fill in the answer box to complete your choice.

A.

For every unit increase in commute​ time, the index score

falls

by

nothing

​,

on average.

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

B.

For an index score of​ zero, the commute time is predicted to be

nothing

minutes.

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

C.

For every unit increase in index​ score, the commute time

falls

by

nothing

​,

on average.

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

D.

For a commute time of zero​ minutes, the index score is predicted to be

nothing

.

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

E.

It is not appropriate to interpret the slope.

Interpret the​ y-intercept. Select the correct choice below​ and, if​ necessary, fill in the answer box to complete your choice.

A.

For an index score of​ zero, the commute time is predicted to be

nothing

minutes.

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

B.

For every unit increase in commute​ time, the index score

falls

by

nothing

​,

on average.

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

C.

For a commute time of zero​ minutes, the index score is predicted to be

nothing

.

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

D.

For every unit increase in index​ score, the commute time

falls

by

nothing

​,

on average.

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

E.

It is not appropriate to interpret the​ y-intercept.

​(c) Predict the​ well-being index of a person whose commute time is

25

minutes.

The predicted index score is

nothing

.

​(Round to one decimal place as​ needed.)

​(d) Suppose Barbara has a

20

​-minute

commute and scores

66.2

on the survey. Is Barbara more​ "well-off" than the typical individual who has a

20

​-minute

​commute? Select the correct choice below and fill in the answer box to complete your choice.

​(Round to one decimal place as​ needed.)

A.

​Yes, Barbara is more​ well-off because the typical individual who has a

20

​-minute

commute scores

nothing

.

B.

​No, Barbara is less​ well-off because the typical individual who has a

20

​-minute

commute scores

nothing

.

A study of identity theft looked at how well consumers protect themselves from this increasingly prevalent crime. The behaviors of 61 college students were compared with the behaviors of 59 nonstudents. One of the questions was "When asked to create a password, I have used either my mother's maiden name, or my pet's name, or my birth date, or the last four digits of my social security number, or a series of consecutive numbers." For the students, 24 agreed with this statement while 29 of the nonstudents agreed. (a) Display the data in a two-way table. Students Nonstudents Total Agreed 24 Correct: Your answer is correct. 29 Correct: Your answer is correct. 53 Correct: Your answer is correct. Disagreed 37 Correct: Your answer is correct. 30 Correct: Your answer is correct. 67 Correct: Your answer is correct. Total 61 Correct: Your answer is correct. 59 Correct: Your answer is correct. 120 Perform the chi-square test. (Round your χ2 to three decimal places and round your P-value to four decimal places.) χ2 = 2.221 Incorrect: Your answer is incorrect. df = 1 Correct: Your answer is correct. P-value = 0.1362 Incorrect: Your answer is incorrect. Summarize the results. We cannot conclude at the 5% level that students and nonstudents differ in the response to this question. We can conclude at the 5% level that students and nonstudents differ in the response to this question. Correct: Your answer is correct. (b) Reanalyze the data using the methods for comparing two proportions that we studied in the previous chapter. Compare the results and verify that the chi-square statistic is the square of the z statistic. (Test students who agreed minus nonstudents who agreed. Round your z to two decimal places and round your P-value to four decimal places.) z = 1.49 Incorrect: Your answer is incorrect. P-value = 0.1362 Incorrect: Your answer is incorrect. (c) The students in this study were junior and senior college students from two sections of a course in Internet marketing at a large northeastern university. The nonstudents were a group of individuals who were recruited to attend commercial focus groups on the West Coast conducted by a lifestyle marketing organization. Discuss how the method of selecting the subjects in this study relates to the conclusions that can be drawn from it.

	Students		Nonstudents		Total
Agreed	24		29		53
Disagreed	37		30		67
Total	61		59		120

1 - Peavey Enterprises purchased a depreciable asset for $25,500 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $2,700, what will be the amount of accumulated depreciation on this asset on December 31, Year 3?

Multiple Choice

$19,000

$5,700

$22,800

$15,675

$4,750

2- During the first week of January, an employee works 49 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $20 per hour, and her wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal income taxes. The tax rate for Social Security is 6.2% of the first $118,500 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee’s pay. The employee has $83 in federal income taxes withheld. What is the amount of this employee’s gross pay for the first week of January?

Multiple Choice

$1,010

$1,070

$1,470

$1,528

$1,370

3 - The chief executive officer earns $22,000 per month. As of May 31, her gross pay was $110,000. The tax rate for Social Security is 6.2% of the first $118,500 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee’s pay. What is the amount of FICA- Social Security withheld from this employee for the month of June?

Multiple Choice

$7,347.00

$527.00

$1,364.00

$123.25

$319.00

4- The chief executive officer earns $20,500 per month. As of May 31, her gross pay was $102,500. The tax rate for Social Security is 6.2% of the first $118,500 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee’s pay. What is the amount of FICA - Medicare withheld from this employee for the month of June?

Multiple Choice

$7,347.00

$992.00

$1,271.00

$232.00

$297.25

Each year businesses, individuals, and governments face the impact of droughts, fires, hurricanes, tornados, and floods; all disrupting lives and the economy. This is a good time to talk about the environment. In the US, issues of the environment and global warming arguably take a backseat to the economy and current political rhetoric and civil strife.  For several years former presidential candidate Al Gore tried to raise awareness about global warming and the roles of business, government, and industry and is currently in the news with his An Inconvenient Truth, Sequel. Even though 2016 and 2017 were reported to be the warmest years on record, whether he or others will have an impact in the US or abroad is yet to be fully seen. Environmental stewardship is not without consequences (good or bad) and failure has legal, ethical, societal, financial considerations.

As other issues fade, the environment may resurface as a prime-time news issue. How it will rank with the current presidential agenda, the economy (jobs, military funding, and federal budget), the continuing healthcare issues, conflicts in the Mideast, and other pressing topics facing the US federal government will be interesting. Certainly the private business sector faces pressure from both internal and external stakeholders when the banners of environmental protection and social responsibility are hoisted. The question of corporate moral responsibility for the environment can easily fade from the media spotlight until a public figure promotes the message or an environmental crisis erupts and CNN or 60 Minutes or some other news agency appears at the corporate headquarters demanding answers with cameras running.

Beyond the legislated and governmental mandates (EPA, UN Environment Programme, or the Stockholm Declaration, among others), how far should corporate responsibility for the environment extend? For example, do trees, lakes, oceans, and animals have rights? Why, or why not? Could there be such a thing as a “one-level-removed-stakeholder” that would include "non-human" stakeholders? What is the likely outcome if environmental issues continue to succumb to political rhetoric and business profit/loss statements? So what if the dozen or so residents of a South Pacific atoll are displaced due to rising sea levels or a butterfly in the Amazon rainforest goes extent due to deforestation?

Discussion Questions:

Outcomes/Consequences:

What is the impact or consequences of considering environmental implications in business decisions?

Who/what are the stakeholders and what are the interests of each?

What are the consequences for each stakeholder?

What are the possible outcomes when addressing environmental issues in business decisions?

1. An individual has a stroke that affects their reticular formation in the brainstem.  What types of symptoms would you expect?

2. An individual has a stroke that affects their thalamus.  What is one difficulty that they could experience?  What about the thalamus would lead to this symptom?  

3. An individual has a stroke that affects their hippocampus.  What types of symptoms would you expect?