The median US salary is $50,700, according to US Census data. Using a one-sample
t-test, test to see if participant income (INC1) is different from the national average. Use a two-tailed test and an alpha level of 5%.
One-Sample Statistics
INCOME N=400 Mean=$47,112.92 Std. Deviation=$40,477.089 Std. Error Mean=$2,023.854
One-Sample Test
Test Value = 0
INCOME t=23.279 df=399 Sig. (2-tailed)=.000 Mean Difference=$47,112.920
95% Confidence Interval of the Difference
(lower)$43,134.17 (higher)$51,091.67
In: Math
Technology has changed many things about the way that the world lives, works, produces things, and runs. The energy industry has been significantly impacted by the development of renewable energy harnessing. For this discussion, analyze 2 of the attached articles, and provide a logical discussion about the coal industry and how it is being replaced due to technology.
Unit 5 Coal Losses Offset Elsewhere Article.pdf
Unit 5 2017 US Energy and Jobs Report_0.pdf
Unit 5 2017 US Energy and Jobs Report State Charts 2_0.pdf
Support your discussion with data from the article and from other sources if you would like. Analyze the impact of renewable technology on the economy, the collective issues that are impacted by these new technologies, and the global renewable energy revolution. Provide at least 2 resources in APA format.
In: Psychology
1. Which of the following is not a required paragraph in unmodified paragraph for US nonpublic companies?
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Introductory Paragraph |
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Auditor’s responsibilities paragraph |
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Management’s responsibilities paragraph |
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Signature, tenure, location, and date |
2.
When a subsequent event provides evidence about conditions that did not exist at the balance sheet date, the auditor should do which of the following?
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ensure that any necessary footnote disclosures be included with the statements. |
||
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ensure that the financial statements are adjusted to reflect the information, including any necessary footnote disclosures. |
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give an inappropriate opinion. |
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provide management with a new engagement letter to document the terms of the revised arrangement. |
3.
Which of the following is true regarding the audit report for a US public company (issuer)?
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Reference should be made to both PCAOB and AICPA audit reporting standards. |
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PCAOB standards should not be mentioned at all, although their use is implied in the auditor's report. |
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The report should include references to PCAOB audit reporting standards. |
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Reference may be made to either PCAOB standards or AICPA audit reporting standards. |
4.
The audit procedure of vouching down from financial statement to supporting documents can be used to test which type of error?
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overstatement |
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understatement |
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either overstatement or understatement |
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neither overstatement nor understatement |
5.
In the audit risk model, what is the expected relationship between the amount and persuasiveness of audit evidence and detection risk?
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Direct. |
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Indirect. |
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Inverse. |
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Reversed. |
In: Accounting
Kellogg's, maker of Pop-Tarts, recently introduced Pop-Tarts Gone Nutty! The new product includes flavors such as peanut butter and chocolate peanut butter. Although the new Gone Nutty! product will reap a higher wholesale price for the company ($1.10 per eight-count package of the new product versus $0.95 per package for the original product), it also comes with higher variable costs ($0.60 per eight-count package for the new product versus $0.30 per eight-count package for the original product). Assume the company expects to sell 6 million packages of Pop-Tarts Gone Nutty! in the first year after introduction but expects that 70 percent of those sales will come from buyers who would normally purchase existing Pop-Tart flavors (that is, cannibalized sales). Assuming the sales of regular Pop-Tarts are normally 280 million packages per year and that the company will incur an increase in fixed costs of $410,000 during the first year to launch Gone Nutty!, will the new product be profitable for the company? Determine the unit contributions and the loss for every package cannibalized from the original product. (Round to the nearest cent.)
In: Economics
briefly summarize the four ways that poverty hurts Americans long term health
1. Poverty prevents Americans from buying healthy food. This is one of the biggest contributors to poor health in low-income communities. Many of the poor, including those who rely on food stamps, have to patronize bodegas or mini-marts that sell salty snacks and the kinds of processed foods that cause hypertension, obesity, and diabetes in lieu of fresh produce. According to an Economic Research Service (ERS) report for the U.S. Department of Agriculture, 11.5 million Americans are both poor and live in low-income areas over a mile away from a supermarket that offers healthier food variety. On average, food stamp beneficiaries live about 1.8 miles away from a grocery store. Without a vehicle or public transportation to help these Americans get to the market and carry their groceries back home, many opt for high-calorieand unhealthy food instead. So it isn't surprising that regions where poor people can't get to supermarkets also have higher recorded rates of obesity and diabetes. 2. Poor people are more likely to smoke. Research shows that smokers tend to be lower- income and less educated Americans. But a new study from Duke Medicine suggests that isn't a coincidence, and that those who grow up in poverty may actually be predisposed to picking up the unhealthy habit. That's a consequence of economic stresses that inhibit Americans' ability to self-regulate healthy behaviors. "Poverty during childhood not only appears to affect childdevelopment, but can have lasting effects on the types of health choices made during adolescence and early adulthood, especially as it relates to cigarette smoking," wrote lead author Dr. Bernard Fuemmeler, an associate professor in Community and Family Medicine at Duke University School of Medicine. "Economic strains may shape an individual's capacity for self- control by diminishing opportunities for self-regulation, or affecting important brain structures." 3. The poor live in regions with worse air quality. The American Lung Association reports that low-income and minority Americans live in areas with worse air quality. There isn't a single concrete reason for this, although researchers point to the fact that poor people are more likely to live close to sources of pollution, like industrial plants that emit harmful particles. Unfortunately, certain low-income populations also suffer from medical problems that make air pollution even worse for their health. For instance, the elderly, African-Americans, Mexican-Americans, and people who live near a central city have far higher rates of diabetes and asthma — both conditions that are exacerbated by bad air quality. Air pollution has also been linked to kidney problems, lower birth weights, higher levels of infant mortality, and kills over 2.5 million people every year. 4. Economic insecurity has devastating consequences for both physical and mental health. Economic inequality takes a massive toll on mental health — even more so than warfare, by some accounts. In fact, new research has shown that the mental stress of being poor is a major reason that low-income people are more likely to have high blood pressure, cholesterol, and become obese or diabetic, since long-term stress creates hormones that compromise the immune system and promote weight gain. That trend towards poorer health actually begins in the womb, since mothers who are stressed during pregnancy are more likely to have children who are predisposed to developing diabetes and obesity, according to Johns Hopkins researchers. Yale University's School of Medicine just released a new study finding that poor moms who don't have an adequate supply of diapers often end up depressed or suffering from other mental illness — something which can be passed on to their children and affect their school performance and general health. Even Americans who eventually escape a life of poverty must deal with the long- term consequences and chronic conditions they've developed on their way out of it.
In: Economics
On June 1 of the current year, Chad Wilson established a business to manage rental property. He completed the following transactions during June:
Required:
1. Indicate the effect of each transaction and
the balances after each transaction:
For those boxes in which no entry is required, leave the box
blank.
For those boxes in which you must enter subtractive or negative
numbers use a minus sign. (Example: -300)
| Assets | = | Liabilities | + | Owner's Equity | |||||||||||||||||||
| Item | Cash | + | Accounts Receivable | + | Supplies | = | Accounts Payable | + | Chad Wilson, Capital | - | Chad Wilson, Drawing | + | Fees Earned | - | Rent Expense | - | Salaries Expense | - | Supplies Expense | - | Auto Expense | - | Misc. Expense |
| a. | |||||||||||||||||||||||
| b. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| c. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| d. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| e. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| f. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| g. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| h. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| i. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| j. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
2. Owner's equity is the right of owners to the assets of the business. These rights are by owner's investments and revenues and by owner's withdrawals and expenses.
3. Determine the net income for June.
$
4. June's transactions (a-j) increased or
decreased Chad Wilson's capital to?
Increased to $
In: Accounting
Transactions
On June 1 of the current year, Chad Wilson established a business to manage rental property. He completed the following transactions during June:
Required:
1. Indicate the effect of each transaction and
the balances after each transaction:
For those boxes in which no entry is required, leave the box
blank.
For those boxes in which you must enter subtractive or negative
numbers use a minus sign. (Example: -300)
| Assets | = | Liabilities | + | Owner's Equity | |||||||||||||||||||
| Item | Cash | + | Accounts Receivable | + | Supplies | = | Accounts Payable | + | Chad Wilson, Capital | - | Chad Wilson, Drawing | + | Fees Earned | - | Rent Expense | - | Salaries Expense | - | Supplies Expense | - | Auto Expense | - | Misc. Expense |
| a. | |||||||||||||||||||||||
| b. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| c. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| d. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| e. | |||||||||||||||||||||||
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| f. | |||||||||||||||||||||||
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| Bal. | |||||||||||||||||||||||
| h. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| i. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| j. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
2. Owner's equity is the right of owners to the assets of the business. These rights are increased by owner's investments and revenues and decreased by owner's withdrawals and expenses.
3. Determine the net income for June.
$
4. June's transactions (a-j) increased or
decreased Chad Wilson's capital to?
Increased to $
In: Accounting
Transactions
On June 1 of the current year, Chad Wilson established a business to manage rental property. He completed the following transactions during June:
Required:
1. Indicate the effect of each transaction and
the balances after each transaction:
For those boxes in which no entry is required, leave the box
blank.
For those boxes in which you must enter subtractive or negative
numbers use a minus sign. (Example: -300)
| Assets | = | Liabilities | + | Owner's Equity | |||||||||||||||||||
| Item | Cash | + | Accounts Receivable | + | Supplies | = | Accounts Payable | + | Chad Wilson, Capital | - | Chad Wilson, Drawing | + | Fees Earned | - | Rent Expense | - | Salaries Expense | - | Supplies Expense | - | Auto Expense | - | Misc. Expense |
| a. | |||||||||||||||||||||||
| b. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| c. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| d. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| e. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| f. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| g. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| h. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| i. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| j. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
2. Owner's equity is the right of owners to the assets of the business. These rights are by owner's investments and revenues and by owner's withdrawals and expenses.
3. Determine the net income for June.
$
4. June's transactions (a-j) increased or
decreased Chad Wilson's capital to?
to $
In: Accounting
Transactions
On June 1 of the current year, Chad Wilson established a business to manage rental property. He completed the following transactions during June:
Opened a business bank account with a deposit of $30,000 from personal funds.
Purchased office supplies on account, $1,800.
Received cash from fees earned for managing rental property, $10,000.
Paid rent on office and equipment for the month, $4,500.
Paid creditors on account, $1,250.
Billed customers for fees earned for managing rental property, $16,800.
Paid automobile expenses (including rental charges) for the month, $750, and miscellaneous expenses, $980.
Paid office salaries, $4,000.
Determined that the cost of supplies on hand was $680; therefore, the cost of supplies used was $1,120.
Withdrew cash for personal use, $7,500.
Required:
1. Indicate the effect of each transaction and
the balances after each transaction:
For those boxes in which no entry is required, leave the box
blank.
For those boxes in which you must enter subtractive or negative
numbers use a minus sign. (Example: -300)
| Assets | = | Liabilities | + | Owner's Equity | |||||||||||||||||||
| Item | Cash | + | Accounts Receivable | + | Supplies | = | Accounts Payable | + | Chad Wilson, Capital | - | Chad Wilson, Drawing | + | Fees Earned | - | Rent Expense | - | Salaries Expense | - | Supplies Expense | - | Auto Expense | - | Misc. Expense |
| a. | |||||||||||||||||||||||
| b. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| c. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| d. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| e. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| f. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| g. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| h. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| i. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| j. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
2. Owner's equity is the right of owners to the assets of the business. These rights are increased by owner's investments and revenues and decreased by owner's withdrawals and expenses.
3. Determine the net income for June.
$
4. June's transactions (a-j) increased or
decreased Chad Wilson’s capital to?
Increased to $
In: Accounting
On June 1 of the current year, Chad Wilson established a business to manage rental property. He completed the following transactions during June:
Required:
1. Indicate the effect of each transaction and
the balances after each transaction:
For those boxes in which no entry is required, leave the box
blank.
For those boxes in which you must enter subtractive or negative
numbers use a minus sign. (Example: -300)
| Assets | = | Liabilities | + | Owner's Equity | |||||||||||||||||||
| Item | Cash | + | Accounts Receivable | + | Supplies | = | Accounts Payable | + | Chad Wilson, Capital | - | Chad Wilson, Drawing | + | Fees Earned | - | Rent Expense | - | Salaries Expense | - | Supplies Expense | - | Auto Expense | - | Misc. Expense |
| a. | |||||||||||||||||||||||
| b. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| c. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| d. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| e. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| f. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| g. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| h. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| i. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
| j. | |||||||||||||||||||||||
| Bal. | |||||||||||||||||||||||
2. Owner's equity is the right of owners to the assets of the business. These rights are by owner's investments and revenues and by owner's withdrawals and expenses.
3. Determine the net income for June.
$
4. June's transactions (a-j) increased or
decreased Chad Wilson's capital to?
to $
In: Accounting