In: Nursing
1. A Pareto efficient allocation of resources occurs where:
a. no individual can be made better off without making another worse off.
b. there is justice in the distribution of income and wealth MSB>MSC
c. MSB>MSC
d. all of the above
2. A public good is:
a) Any good traded in markets
b) A good that is non-excludable and non-rival in consumption
c) A good provided only to those who pay for it
d) Rarely provided by the government
In: Economics
An inspection by a quality officer found that in a large shipment of electronic parts, 0.025 are bad. The parts are tested using a machine that correctly identifies bad parts as defective with a probability of 0.96 and correctly identifies good parts as non-defective with a probability of 0.92.
(a) If a part is randomly sampled from the shipment and tested, calculate the probability that the testing machine identifies the part as defective.
(b) Given that the test indicates a non-defective part, calculate the probability that the part is truly good?
In: Statistics and Probability
A group of young people were asked how many times they have been stopped and questioned by the police:
Non-White White
Mean # of Stops 4.95 .99
Varriance 4.11 6.08
Sample size 155 310
We need t-test in order to determine if Non-White and White young people are stopped by the police at the same rate. You should be sure to specify, and evaluate, both the Null and Alternative Hypotheses.
Please show work
In: Advanced Math
A researcher reported the results of a telephone poll of 1000 adult Americans. The question posed of those who were surveyed was: "Should the federal tax on cigarettes be raised to pay for health care reform?" Of 600 non-smokers, 362 said yes. Of 400 smokers, 80 said yes. What is the test statistic, at alpha = .05, if you want to determine that the proportion of non-smokers who said yes is greater than the proportion of smokers who said yes?
In: Statistics and Probability
In a population of Siberian flying squirrels in western Finland, assume that the the number of pups born to each female over her lifetime has mean ?=3.66 and standard deviation ?=2.9598. The distribution of squirrel pups born is non‑normal because it takes only whole, non‑negative values.
Determine the mean number of pups, x¯, such that in 70% of all random samples of such squirrels of size ?=40, the mean number of pups born to females in the sample is less than ?⎯⎯⎯.
In: Statistics and Probability
Arnez Company’s annual accounting period ends on December 31, 2018. The following information concerns the adjusting entries to be recorded as of that date.
| Policy | Date of Purchase | Months of Coverage | Cost | |
| A | April 1, 2016 | 24 | $ | 10,464 |
| B | April 1, 2017 | 36 | 9,216 | |
| C | August 1, 2018 | 12 | 8,064 | |
The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years.)
Required:
1. Use the information to prepare adjusting
entries as of December 31, 2018.
2. Prepare journal entries to record the first
subsequent cash transaction in 2019 for parts c and
e.
In: Accounting
| Account Title | Debits | Credits | |
| Cash | 30,000 | ||
| Accounts receivable | 40,000 | ||
| Supplies | 1,500 | ||
| Inventory | 60,000 | ||
| Note receivable | 20,000 | ||
| Interest receivable | 0 | ||
| Prepaid rent | 2,000 | ||
| Prepaid insurance | 0 | ||
| Office equipment | 80,000 | ||
| Accumulated depreciation—office equipment | 30,000 | ||
| Accounts payable | 31,000 | ||
| Salaries and wages payable | 0 | ||
| Note payable | 50,000 | ||
| Interest payable | 0 | ||
| Deferred revenue | 0 | ||
| Common stock | 60,000 | ||
| Retained earnings | 24,500 | ||
| Sales revenue | 148,000 | ||
| Interest revenue | 0 | ||
| Cost of goods sold | 70,000 | ||
| Salaries and wages expense | 18,900 | ||
| Rent expense | 11,000 | ||
| Depreciation expense | 0 | ||
| Interest expense | 0 | ||
| Supplies expense | 1,100 | ||
| Insurance expense | 6,000 | ||
| Advertising expense | 3,000 | ||
| Totals | 343,500 | 343,500 | |
Information necessary to prepare the year-end adjusting entries
appears below.
Depreciation on the office equipment for the year is $10,000.
Employee salaries and wages are paid twice a month, on the 22nd for salaries and wages earned from the 1st through the 15th, and on the 7th of the following month for salaries and wages earned from the 16th through the end of the month. Salaries and wages earned from December 16 through December 31, 2018, were $1,500.
On October 1, 2018, Pastina borrowed $50,000 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.
On March 1, 2018, the company lent a supplier $20,000 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2019.
On April 1, 2018, the company paid an insurance company $6,000 for a two-year fire insurance policy. The entire $6,000 was debited to insurance expense.
$800 of supplies remained on hand at December 31, 2018.
A customer paid Pastina $2,000 in December for 1,500 pounds of spaghetti to be delivered in January 2019. Pastina credited sales revenue.
On December 1, 2018, $2,000 rent was paid to the owner of the building. The payment represented rent for December 2018 and January 2019 at $1,000 per month.
6. Prepare a post-closing trial balance.
In: Accounting
Q1)The following information summarizes all cash-related
transactions for BBB.Ltd in 2018:
1. BBB. Ltd had $25,000 cash in its Bank account at the start of
2018.
2. On 1 January 2018 the company took out a $75,000 loan from Arab
Bank. The loan
has an annual interest rate of 15%. The interest on the loan was
paid on time in 2018.
BBB .Ltd sells its products to customers on credit (the agreed
credit term is 30 days).
During 2018, it received $850,000 from customers in respect of
sales of inventory
made to them.
3. BBB. Ltd purchased components for its products on credit (the
agreed credit term is
also 30 days). During 2018, it paid $550,000 to suppliers for
purchases of components.
4. A new production line was acquired in the year at a cost of
$120,000.
5. Salaries paid for the year amounted to $40,000. Various other
operating expenses paid
for by the business amounted to $75,000 for the year.
6. $25,000 was paid to shareholders as dividends.
7. Last year’s tax liability to BBB.Ltd of $22,000 was settled in
2018.
Required:
Prepare BBB.Ltd’s statement of cash flows for the year to 31
December 2018 using the
direct method.
Q2)The following information had been prepared for XYZ Limited
for the year to 31 December
2019.
| Activity Level | Fixed Budget US$ | Actual Costs US$ |
| Direct Material | 100,000 | 115,00 |
| Direct Labor | 150,000 | 185,000 |
| Variable Overhead | 50,000 | 55,000 |
| Total Variable Costs | 300,000 | 355,000 |
| Fixed Cost | 60,000 | 65,000 |
| Total Costs | 360,000 | 420,000 |
Complete the following table below assumes that the XYZ Company
adapts the flexible
budget method based on 120 % of its operating activities costs.
Indicate whether the variance
is a favorable or adverse under each budgeting system (fixed and
flexible budget)
(1) (2) (3) (4) (5) (6) (7)
Activity Level Fixed Budget
Flexible
Budget
(120%)
Actual Costs Fixed-
Actual
Favorable/
Adverse
Flexible-
Actual
Favorable
/Adverse
US$ US$ US$ US$ US$
Direct Materials 100,000 115,000
Direct Labor 150,000 185,000
Variables Overhead 50,000 55,000
Total Variables Costs 300,000 355,000
Fixed Costs 60,000 65,000
Total Costs 360,000 420,000
In: Accounting
Problem 10-5A Understand stockholders' equity and the statement of stockholders' equity (LO10-7)
[The following information applies to the questions
displayed below.]
Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2018, 300 shares of preferred stock and 2,400 shares of common stock have been issued. The following transactions affect stockholders’ equity during 2018:
March 1 Issue 1,100 shares of common stock for $26 per share.
May 15 Purchase 400 shares of treasury stock for $19 per share.
July 10 Reissue 200 shares of treasury stock purchased on May 15 for $24 per share.
October 15 Issue 200 shares of preferred stock for $29 per share.
December 1 Declare a cash dividend on both common and preferred stock of $0.70 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.)
December 31 Pay the cash dividends declared on December 1.
Donnie Hilfiger has the following beginning balances in its stockholders’ equity accounts on January 1, 2018: Preferred Stock, $300; Common Stock, $24; Additional Paid-in Capital, $60,000; and Retained Earnings, $22,500. Net income for the year ended December 31, 2018, is $9,200.
Taking into consideration the beginning balances on January 1, 2018 and all the transactions during 2018, respond to the following for Donnie Hilfiger:
References
Section BreakProblem 10-5A Understand stockholders' equity and the statement of stockholders' equity (LO10-7)
16.
value:
2.00 points
Required information
Problem 10-5A Part 1
Required:
1. Prepare the stockholders’ equity section of the balance sheet as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)
References
eBook & Resources
WorksheetDifficulty: 3 Hard
Problem 10-5A Part 1Learning Objective: 10-07 Prepare and analyze the stockholders' equity section of a balance sheet and the statement of stockholders' equity.
Check my work
17.
value:
2.50 points
Required information
Problem 10-5A Part 2
2. Prepare the statement of stockholders’ equity for the year ended December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)
rev: 04_19_2017_QC_CS-86235
In: Accounting