Is there a correlation between mean course grade and mean attendance in data set 7176? What is the equation of the regression line? What is the best prediction for a mean attendance of 80%?

Deflation refers to the phenomenon of a negative inflation rate. (In 2004, the inflation rate was negative in Hong Kong and we say Hong Kong suffered deflation in 2004.) Many people regard deflation as bad. Can you explain why? Is deflation sometimes good (at least for some people)?

Deflation refers to the phenomenon of a negative inflation rate. (In 2004, the inflation rate was negative in Hong Kong and we say Hong Kong suffered deflation in 2004.) Many people regard deflation as bad. Can you explain why? Is deflation sometimes good (at least for some people)?

One of your favorite clients comes in to discuss a dilemma she is having. She is offering a new product, and she would like to offer a sales incentive to encourage customers to try it. The offer would be for a 25% refund of the sale price. Customers would submit proof of purchase with a refund form and the refund would be mailed to them.

Her question is how to record revenues when a refund is being offered. Customers will be given several months to send in for the refund and at the end of the quarter she will not be able to estimate the amount of refunds that will be paid out. She is however confident in her estimate of gross revenue on sales of this product for the next quarter of $75,000 and cost of goods sold of 65% of revenue.

Luckily for you, you are a genius when it comes to using the codification. Finding a solid answer for her on how to record revenue with a refund offer will only take a few minutes.

You think this through and develop your response.

Define the issue:

Determine path:

Identify alternatives:

Cite relevant codification §s:

1. Zacks Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for December.

When the company prepared its planning budget at the beginning of December, it assumed that 25 customers would have been served. However, only 23 customers were served during December.

Required:

Prepare a performance report showing and interpreting the company’s activity and revenue and spending variances for December. Indicate in each case whether the variance is favorable (F) or unfavorable (U) that includes:

a. The Planning Budget

b. The Flexible Budget

c. Activity Variances

d. Revenue and Spending Variances

e. Explain the meaning of this report.

1. In recent years, a growing array of entertainment options competes for consumer time. By 2004, cable television and radio surpassed broadcast television, recorded music, and the daily newspaper to become the two entertainment media with the greatest usage (The Wall Street Journal, January 26, 2004). Researchers used a sample of 15 individuals and collected data on the hours per week spent watching cable television and hours per week spent listening to the radio.

    Individual     Television          Radio

           1                      22                    25

2                      8                      10

3                      25                    29

4                      22                    19

5                      12                    13

6                      26                    28

7                      22                    23

8                      19                    21

9                      21                    21

10                    23                    23

11                    14                    15

12                    14                    18

13                    14                    17

14                    16                    15

15                    24                    23

1. Use a .05 level of significance and test for a difference between the population mean usage for cable television and radio. What is the p-value? (You must state H₀and Ha, and compute the test statistic.)
2. Provide a 95% confidence interval estimate of the difference between the population mean usage for cable television and radio.

• Assume that the fixed cost is $80, calculate the above costs in the table and explain the difference between average total costs and marginal costs.
• In a graph illustrate the Average Total Cost and Marginal Cost Curves, explain their relationship.
• Assume marginal revenue is $ 25 (constant at any quantity). Determine the profit maximizing output and calculate the profit.
• Examine why a firm could decide to produce at a loss on a short run.

1) Using accrual accounting, expenses are not recorded until the cash for the expense is disbursed.
True
False

2) The adjusting entry for accrued revenue always involves a:

A.debit to an asset account and a credit to a revenue account

B.debit to a revenue account and a credit to an asset account

C.debit to a liability account and a credit to an asset account

D.debit to an asset account and a credit to a liability account

3) A journal entry contains a debit to the Cash account and a credit to the Unearned Service Revenue account. This is an example of a(n):

A.deferred expense

B.deferred revenue

C.accrued revenue

D.accrued expense

4) The adjusting entry for a prepaid expense always involves a(n):

A. liability account and a revenue account

B.expense account and a liability account

C.expense account and an asset account

D.asset account and a liability account

5) On October 25, 2017 Quick Corp. prints a cheque for November's rent payment. Quick Corp. mails the cheque on October 27 to the landlord. The landlord receives the cheque October 31 and cashes the cheque on November 2. When should Quick Corp. record the rent expense associated with this transaction?

A.November 2, 2017

B.November 30, 2017

C.October 25, 2017

D.October 27, 2017

6) Which of the following transactions would be recorded at the time the transaction occurs under the accrual basis, but would not be recorded until sometime in the future under the cash basis?

A.issuance of stock

B.sale of merchandise on account

C.payment of interest expenses

D.payment of employee salaries

Air Force Training Program

An Air Force introductory course in electronics uses a personalized system of instruction whereby each student views a videotaped lecture and then is given a programmed instruction text. The students work independently with the text until they have completed the training and passed a test. Of concern is the varying pace at which the students complete this portion of their training program. Some students are able to cover the programmed instruction text relatively quickly, whereas other students work much longer with the text and require additional time to complete the course. The fast students wait until the slow students complete the introductory course before the entire group proceeds together with other aspects of their training.

A proposed alternative system involves use of computer-assisted instruction. In this method, all students view the same videotaped lecture and then each is assigned to a computer terminal for further instruction. The computer guides the student, working independently, through the self-training portion of the course.

To compare the proposed and current methods of instruction, an entering class of 122 students was assigned randomly to one of the two methods. One group of 61 students used the current programmed-text method and the other group of 61 students used the proposed computer-assisted method. The time in hours was recorded for each student in the study. The following data are provided.

Course Completion Times (hours) for Current Training Method
76 76 77 74 76 74 74 77 72 78 73
78 75 80 79 72 69 79 72 70 70 81
76 78 72 82 72 73 71 70 77 78 73
79 82 65 77 79 73 76 81 69 75 75
77 79 76 78 76 76 73 77 84 74 74
69 79 66 70 74 72

Course Completion Times (hours) for Proposed Computer-Assisted Method
74 75 77 78 74 80 73 73 78 76 76
74 77 69 76 75 72 75 72 76 72 77
73 77 69 77 75 76 74 77 75 78 72
77 78 78 76 75 76 76 75 76 80 77
76 75 73 77 77 77 79 75 75 72 82
76 76 74 72 78 71




Managerial Report

1. Use appropriate descriptive statistics to summarize the training data for each method. What similarities or differences do you observe from the sample data?
2. Use the tests of hypothesis procedure to comment on any difference between the population means for the two methods. Discuss your findings.
3. Compute the standard deviation and variance for each training method. Conduct a hypothesis test about the equality of population variances for the two training methods. Discuss your findings.
4. What conclusion can you reach about any difference between the two methods?
5. Can you suggest other data or testing that might be desirable before making a final decision on the training program to be used in the future?

Please provide a detail solution. For Excel functions please provide the formula used to determine the values.