You are the auditor of Winter Valley. You have noticed that the town is recording all of their transactions in the General Fund. The town has not established additional funds although they have the following transactions. They are constructing a new city hall They have a town operated skating rink for which they charge an entrance fee. They have $2,000,000 in an employee pension plan. They are paying interest and principal on Winter Haven Municipal Bond They have unclaimed funds of $1,000,000 They have established a $3,000,000 endowment fund to maintain the Library into perpetuity They have a centralized payroll department that provides payroll services to all departments of Winter Valley They collect sales taxes on behalf of Stars Hollow They invest idle funds on behalf of Stars Hollow They have passed a gasoline surcharge to fund the planting of Flower Beds on the sides of Central Highway. Required Prepare a one to two page memo explaining what additional funds should be established in order to assure proper accounting control for Winter Valley. In your memo discuss the importance of funds in Governmental accounting. Additionally, describe the three categories of governmental funds.

1. For their uniforms, the Vikings soccer team has a choice of six different styles for the shirts, five for the shorts, and five colours for their socks. How many different uniforms are possible? A) 16 B) 150 C) 60 D) 55

2. The Niagara Ice Dogs have 4 people trying out for goal. Their coach wants to try a different goalie in each of the three periods of an exhibition game. In how many ways can the coach choose the three different goalies for the game? A) 12 B) 24 C) 7 D) 55 E) 20

3. How many arrangements of the word ALGORITHM begin with a vowel and end with a consonant? A) 18 B) 5040 C) 90720 D)181440 E) 362880

4. From a class of 14 boys and 9 girls, how many ways can I choose a committee of 6 to analyze classroom productivity with and equal number of boys and girls? A) 126 B) 252252 C) 30576 D) 448

5.A bag contains three green Christmas ornaments and four gold ornaments. If you randomly pick a single ornament from the bag, what is the probability that it will be green? A) 3/4 B)3/7 C)4/7 D)4/3

6. A bag contains three green Christmas ornaments and four gold ornaments. If you randomly pick two ornaments from the bag, at the same time, what is the probability that both ornaments will be gold?
A) 4/7 B) 2/7 C)3/7 D) none of the above

7. How many 4 digit number can be made using 0 -7 with no repeated digits allowed?
A) 5040 B) 4536 C) 2688 D) 1470

8. A coin is tossed three times. What is the probability of tossing three heads in a row?
A) 3/8 B)1/8 C)1/2 D)7/8

9. Two standard dice are rolled. What is the probability of rolling doubles (both the same number)?
A) 1/6 B)1/4 C)1/36 D) 5/36

10. There are 50 competitors in the men’s ski jumping. 30 move on to the qualifying round. How many different ways can the qualifying round be selected? A) 50! B) 30! C) 80 D) 1500 E) 1.25 × 1046

11. How many ways can the manager of a baseball team put together a batting order of his nine players, if the shortstop must bat 3rd?
A) 40320 B) 504 C) 362880 D) 120960

12. If a CD player is programmed to play the CD tracks in random order, what is the probability that it will play six songs from a CD in order from your favourite to your least favourite? A)1/6 B)2/3 C)1/720 D)5/6 E) 1/360

13. A group of eight grade 11 and five grade 12 students wish to be on the senior prom committee. The committee will consist of three students. What is the probability that only grade 12 students will be elected, assuming that all students have an equal chance of being elected?

What are the sociological effects of teaching boys to create a "guise" in order to become tough "guys?"

Q -1

A- Price elasticity of demand measures how responsive:

Select one:

a. sales are to a change in buyers' incomes.

b. sales are to changes in the price of a related good.

c. suppliers are to price changes.

d. quantity demanded is to a change in price.

B-

If 20 units are sold at a price of $50 while 25 units are sold at a price of $40, then the price elasticity of demand for this good using the midpoint formula is:

Select one:

a. price-elastic

b. one in absolute terms.

c. perfectly price-inelastic.

d. price-inelastic.

C-

On a downward-sloping, straight-line demand curve, total revenue is the greatest where the price elasticity of demand is:

Select one:

a. the most inelastic.

b. unit-elastic.

c. normal.

d. the most elastic.

D-

Opera Estate Girls’ School is considering increasing its tuition fees to raise revenue. If the school believes that raising tuition fees will increase revenue, it is assuming that the price elasticity of demand for attending the school is:

Select one:

a. perfectly elastic.

b. inelastic.

c. unit-elastic.

d. elastic.

E-

Price-inelastic supply occurs whenever the price elasticity of supply value is:

Select one:

a. negative.

b. positive and greater than one.

c. positive and less than one.

d. positive and greater than five.

F-

If the current market price of beer is $10 per six-pack and a price floor of $12 per six-pack is imposed, then:

Select one:

a. there will be a surplus of beer in the market at the price floor.

b. quantity demanded of beer will rise.

c. $12 per six-pack is the maximum legal price that can be charged.

d. All of the options are correct.

NuComp Company operates in a state where corporate taxes and workers’ compensation insurance rates have recently doubled. NuComp’s president has just assigned you the task of preparing an economic analysis and making a recommendation relative to moving the entire operation to Missouri. The president is slightly in favor of such a move because Missouri is his boyhood home and he also owns a fishing lodge there. You have just completed building your dream house, moved in, and sodded the lawn. Your children are all doing well in school and sports and, along with your spouse, want no part of a move to Missouri. If the company does move, so will you because the town is a one-industry community and you and your spouse will have to move to have employment. Moving when everyone else does will cause you to take a big loss on the sale of your house. The same hardships will be suffered by your coworkers, and the town will be devastated. In compiling the costs of moving versus not moving, you have latitude in the assumptions you make, the estimates you compute, and the discount rates and time periods you project. You are in a position to influence the decision singlehandedly.

(1)Who are the stakeholders in this situation

(2)What are the ethical issue in this situation ?

(3)What will you do in this sitaution ?

1. Compare and contrast German Historical School’s inductive method with Marginalist’s deductive method. By using an example, discuss why both methods were finally accepted as complementary to each other.

2. According to the Institutionalist School, “a complex organism cannot be understood if each segment is treated as if it were unrelated to larger entity”. Explain whether this statement is supported or rejected by (i) Keynesian School (ii) Chicago School (New Classicism).

A Pre-School teacher has created a new curriculum for teaching students new words. The new curriculum is denoted as curriculum A and the original curriculum is denoted as curriculum B. The teacher instructs one class under curriculum A and a separate class under curriculum B. The number of new words each student learns is recorded and the teacher constructs a confidence interval for: u_a-ub. The 95% t-confidence interval obtained is (1.26, 4.78).

(i) Based on the confidence interval the teacher constructed, do students learn the same number of words on average under curriculums A and B? Explain how you reached your conclusion. (ii) Interpret the confidence interval in words.

(iii) What requirements are needed for the above confidence interval to be valid?

1. Researchers hypothesized that boys’ aggressive behavior might be the consequence of their misattributing the intent of others (“actors”) in ambiguous situations. If the researchers were right, teaching these boys to interpret actors’ intent as something other than negative in ambiguous situations should ultimately lessen their aggressive behavior. To test this hypothesis, the researchers randomly assigned boys to one of three groups: (1) experimental (attribution retraining), (2) attention (simply paying attention to boys with no special training), and (3) control (no special attention given). After treatment, the boys were asked to rate actors’ intents in ambiguous situations. The hypothesis was that the average negative intent rating would be different among the groups. Data bearing on this hypothesis are presented in the table below. Analyze these data to test the researcher’s hypothesis. (From Shavelson, R. J., 1996). Use an ANOVA, follow-up procedures (if necessary), and effect size. (Make sure to check the assumptions.) Use a significance level of 0.05. Use SPSS for the analysis.