John wishes to study the heights of the women’s basketball team. He completes a simple random sample of women’s basketball team members. 70 71 69.25 68.5 69 70 71 70 70 69.5 74 75.5
John knows that women’s heights are normally distributed. Use the critical value method and a 5% significance level to test the claim that women’s basketball players have heights with a mean greater than 68.6 inches (population mean height of men).
1) What is the significance level ?
2) What is the critical value?
3) What is the test statistic?
4) What is the statistical conclusion? (Reject or Fail to Reject H)

Saxton Corporation purchased 30 percent of Taylor Company’s voting stock on January 1, 2016, for $4 million in cash. At the date of acquisition, Taylor reported its total assets at $80 million and its total liabilities at $74 million. Investigation revealed that Taylor’s plant and equipment (10-year life) was overvalued by $2 million and it had an unreported customer database (3-year life) valued at $700,000. Taylor declares and pays $150,000 in dividends and reports net income of $325,000 in 2019.

Required
Prepare the necessary journal entries on Saxton’s books to report the above information for 2019 assuming Saxton uses the equity method to report its investment.

Larry Hoover is the owner and operator of Hoover’ s Merchandizing Company and the company has presented the following unadjusted trial balance at the end of their financial year ending December 31, 2016.

Hoover’s Merchandizing Company

Trial Balance as at December 31, 2016

The following additional information was made available at December 31, 2016

Interest revenue earned at December 31, 2016 but not yet recorded $250,000.

Insurance prepaid includes an expired amount of $1,000,000 relating to the period January to December 31, 2016.

Furniture and Equipment has an estimated life of ten (10) years and is being depreciated on the straight-line method of depreciation, down to a residual value of $100,000.

Unearned sales revenue still unearned as at December 31, 2016 amounts to $2,400,054.

Salaries expense owing as December 31, 2016 amounts to $450,000

Accrued sales commission expense as at December 31, 2016 amounts to $450,000.

Inventory on hand was $5,500,000 as at December 31, 2016.

Required:

Prepare the necessary adjusting journal entries on December 31, 2016

Prepare Hoover’s Merchandizing Company multiple-step income statement for the year ended December 31, 2016.

Prepare the company’s statement of owner’s equity for the year ended December 31, 2016

Prepare the company’s classified balance sheet at December 31, 2016

Mike Right is the owner and operator of Right’ s Merchandizing Company and the company has presented the following unadjusted trial balance at the end of their financial year ending December 31, 2016.

Right’s Merchandizing Company

Trial Balance as at December 31, 2016

The following additional information was made available at December 31, 2016

Interest revenue earned at December 31, 2016 but not yet recorded $250,000.

Insurance prepaid includes an expired amount of $1,000,000 relating to the period January to December 31, 2016.

Furniture and Equipment has an estimated life of ten (10) years and is being depreciated on the straight-line method of depreciation, down to a residual value of $100,000.

Unearned sales revenue still unearned as at December 31, 2016 amounts to $2,400,054.

Salaries expense owing as December 31, 2016 amounts to $450,000

Accrued sales commission expense as at December 31, 2016 amounts to $450,000.

Inventory on hand was $5,500,000 as at December 31, 2016.

Required:

Prepare the necessary adjusting journal entries on December 31, 2016

Prepare Right’s Merchandizing Company multiple-step income statement for the year ended December 31, 2016.

Prepare the company’s statement of owner’s equity for the year ended December 31, 2016

Prepare the company’s classified balance sheet at December 31, 2016

a.

Which of the following statement is correct?

b.

Which of the following statement is NOT correct?

c.

Which of the following statement is correct?

The European Union (EU) and United States (US) demand and supply equations for corn are: QDEU = 70 – 2 PEU QSEU = 20 + 3PEU QDUS = 130 – 3PUS QSUS = 30 + PUS where QD and QS represent the quantities demanded and supplied in both countries (in billions of tons) and P represents the Dollar price per ton of corn in each country.

Now assume that there is free trade between the European Union and US.

d. Determine the international equilibrium price of corn (per ton).

e. How much corn is produced and consumed in the European Union and US.

f. How much corn is traded between the two regions. Draw graphs to represent the market situation before and after trade. Suppose now that the European Union limits its imports of corn to 14 billions of tons.

g. What will be the new equilibrium prices of corn in the European Union and US?

h. What are the new domestic production and consumption levels in each region? How much corn is traded?

To further examine the school performance scores of the district, the superintendent identified schools within the district that could be matched to schools from surrounding districts using a series of demographic characteristics such as size, socio-economic status, and percent special education students. The data that were collected are presented below. School Pair 1 2 3 4 5 6 7 8 9 Superintendent School 70 73 70 73 82 72 70 82 75 Matched School 70 69 71 73 87 67 70 69 78 Verses School Pair 10 11 12 13 14 15 16 Superintendent School 75 82 88 74 79 65 74 Matched School 68 85 87 66 79 61 61 1. What are the mean school performance scores for the superintendent’s district and matched schools? 2. What are the standard deviations of the school performance scores for the superintendent’s district and matched schools? 3. State an appropriate null hypothesis for this analysis. 4. What is the observed or computed value of t? 5. What is the value of the degrees of freedom that are reported in the output? 6. What is the reported level of significance from the T Test for Dependent Means? 7. Based on the results of the T Test for Dependent Means, what would you conclude about the difference in scores of schools in the superintendent’s district and the matched schools? 8. Present the results as they might appear in an article. This must include a table and narrative statement that reports the results of the T Test for Dependent Means. I also need to know how to enter it into the spss calculator

8. Capital goods are treated as _______ goods and, therefore, _______ GDP.

A. final; included in

B. final; excluded from

C. intermediate; included in

D. intermediate; excluded from

9. Which of the following transactions would be included in the GDP of the United States?

A. Coca Cola produces soft drinks in England.

B. Honda produces cars in Ohio.

C. McDonalds sells hamburgers in Russia.

D. Ford Motors produces cars in Mexico

   10.  In the year 2006, Pete Rich purchases a painting done by Rembrandt in 1642 for $20 million. He also pays a one percent commission to the auction house that sold the painting. What is the contribution of this transaction to GDP in the year 2006?

A. $0

B. $200,000

C. $2 million

D. $20.2 million

   11.  The four categories of final users of GDP are:

A. businesses, firms, governments, and the foreign sector.

B. households, the Federal Reserve, governments, and the foreign sector.

C. businesses, corporations, firms, and farms.

D. households, firms, governments, and the foreign sector.

12. Total spending on final goods and services in an economy must equal total:

A. profits.

B. production.

C. revenues from all transactions.

D. investment.

13. Consumption spending includes spending on:

A. durables, nondurables, and services.

B. stocks, bonds, and other financial instruments.

C. capital goods, residential housing, and changes in inventories.

D. goods and services by federal, state, and local governments.

    14.  Spending on new capital goods, new homes, and the addition of unsold goods to company inventories is included in:

A. consumption expenditures.

B. investment.

C. government purchases.

D. service spending.

15. Government purchases include all of the following EXCEPT:

A. social security benefits paid by the federal government.

B. the construction of a new court house built by a county government.

C. the salary paid to an elementary school teacher employed by a local public school district.

D. the purchase of new military hardware by the U.S. Army.

1. Sales-Related Transactions Using Perpetual Inventory System

   The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers:

   July 1.	Sold merchandise on account to Landscapes Co., $13,900, terms FOB shipping point, n/eom. The cost of merchandise sold was $8,300.
   2.	Sold merchandise for $21,200 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $13,800.
   5.	Sold merchandise on account to Peacock Company, $30,900, terms FOB destination, 2/10, n/30. The cost of merchandise sold was $20,100.
   8.	Sold merchandise for $12,500 plus 8% sales tax to retail customers who used VISA cards. The cost of merchandise sold was $7,500.
   13.	Sold merchandise to customers who used MasterCard cards, $9,500. The cost of merchandise sold was $6,000.
   14.	Sold merchandise on account to Loeb Co., $14,200, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $8,400.
   15.	Received check for amount due from Peacock Company for sale on July 5.
   16.	Issued credit memo for $2,100 to Loeb Co. for merchandise returned from sale on July 14. The cost of the merchandise returned was $1,200.
   18.	Sold merchandise on account to Jennings Company, $6,000, terms FOB shipping point, 2/10, n/30. Paid $210 for freight and added it to the invoice. The cost of merchandise sold was $3,600.
   24.	Received check for amount due from Loeb Co. for sale on July 14 less credit memo of July 16.
   28.	Received check for amount due from Jennings Company for sale of July 18.
   31.	Paid Black Lab Delivery Service $2,200 for merchandise delivered during July to customers under shipping terms of FOB destination.
   31.	Received check for amount due from Landscapes Co. for sale of July 1.
   Aug. 3.	Paid Hays Federal Bank $1,050 for service fees for handling MasterCard and VISA sales during July
   10.	Paid $2,610 to state sales tax division for taxes owed on sales.

   Required:

   Journalize the entries to record the transactions of Green Lawn Supplies Co. For a compound transaction, if no entry is required, leave the entry box blank.

   Date	Account	Debit	Credit
   July 1-sale

   Date	Account	Debit	Credit
   July 1-cost

   Date	Account	Debit	Credit
   July 2-sale

   Date	Account	Debit	Credit
   July 2-cost

   Date	Account	Debit	Credit
   July 5-sale

   Date	Account	Debit	Credit
   July 5-cost

   Date	Account	Debit	Credit
   July 8-sale

   Date	Account	Debit	Credit
   July 8-cost

   Date	Account	Debit	Credit
   July 13-sale

   Date	Account	Debit	Credit
   July 13-cost

   Date	Account	Debit	Credit
   July 14-sale

   Date	Account	Debit	Credit
   July 14-cost

   Date	Account	Debit	Credit
   July 15

   Date	Account	Debit	Credit
   July 16-return

   Date	Account	Debit	Credit
   July 16-cost

   Date	Account	Debit	Credit
   July 18-sale

   Date	Account	Debit	Credit
   July 18-freight

   Date	Account	Debit	Credit
   July 18-cost

   Date	Account	Debit	Credit
   July 24

   Date	Account	Debit	Credit
   July 28

   Date	Account	Debit	Credit
   July 31-freight

   Date	Account	Debit	Credit
   July 31-collection

   Date	Account	Debit	Credit
   Aug. 3

   Date	Account	Debit	Credit
   Aug. 10

Sales-Related Transactions Using Perpetual Inventory System

The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers:

Required:

Journalize the entries to record the transactions of Green Lawn Supplies Co. For a compound transaction, if no entry is required, leave the entry box blank.