18. If a not-for-profit clinic has $70,000 in assets and $40,000 in liabilities, what is their equity balance?

12. What are the differences between the income statement and balance sheet in regard to timing and organization?

19. Should financial statement and operating indicator analyses be conducted only on historical data?

20. What is the difference between trend analysis and comparative analysis?

13. What are the three major categories of assets?

1. Is there a difference between a leader and a manager and if so, what is it?

2. Define efficiency and effectiveness.

3. What are the seven challenges for managers?

4. Name the four Functions of management

5. What are the levels of management?

6. What is the difference between a Functional vs. General Manager?

7. Define for profit, non-profit, mutual benefit organizations

8. What are the three managerial roles?

9. What is an entrepreneur?

10. What skill sets do managers need?

1)In a typical month, an insurance agent presents life insurance plans to 40 potential customers. Historically, one in four such customers chooses to buy life insurance from this agent. You may treat this as a binomial experiment.

What is the probability of success?

What is the total number of trials?

Create a probability distribution table which includes probability of each possible outcome. Also create the cumulative probability column.

What is the probability that exactly five customers will buy life insurance from this agent in the coming month?

What is the probability that no more than 10 customers will buy life insurance from this agent in the coming month?

What is the probability that at least 20 customers will buy life insurance from this agent in the coming month?

Determine the mean and standard deviation of the number of customers who will buy life insurance from this agent in the coming month?

What is the probability that the number of customers who buy life insurance from this agent in the coming month will lie within two standard deviations of the mean?

Tennindo, Inc. is starting up its​ new, cost-efficient gaming system​ console, the yuu. Tennindo currently has 5, 000 ​cash-paying customers and makes a profit of ​$40 per unit. Tennindo wants to expand its customer base by allowing customers to buy on credit. It estimates that credit sales will bring in an additional 1,400 customers per​ year, but that there will also be a default rate on credit sales of 5​%. It costs ​$230 to make a​ yuu, which retails for ​$270. If all customers​ (old and​ new) buy on​ credit, what is the cost of bad debt without credit​ screening? What is the most Tennindo would pay for credit screening that accurately identifies​ bad-debt customers prior to the​ sale? What are the increased profits from adding credit sales for customers with and without credit​ screening? Should Tennindo offer credit sales if credit screening costs ​$10 per​ customer?

If all customers​ (old and​ new) buy on​ credit, what is the cost of bad debt without credit​ screening?

1.) Can you identify at least 6 holiday periods or special events that cause the spikes in the data?

a.) In each case give the week number, date, and what holiday or special event it represents

b.) Which holiday results in the maximum sales for this department and how much are the sales?

2.) Generate three linear models for this data. Each linear model should be generated from a pair of data points.

a.) For each linear model, find the equation of the line. Show your work. Write the equation in slope intercept form.

b.) For each linear model discuss the meaning of the slope and y-intercept. Also provide an analysis as to why you like or dislike that particular model

c.) Discuss the rationale behind the model that you believe best predicts future results.

3.) Predict and analyze sales for the next four weeks

a.) Using your most preferred linear model, predict sales for the next four weeks and show calculations

b.) Based on your preferred linear model, compute the percent rate of increase (y2-y1)/y1 for the next four weeks

4.) If you were a manager of this department store, what recommendation would you make to the person in charge of inventory?

About Hotel Legislation

1.“An innkeeper has a duty to provide goods and services in a non-discriminatory manner. An innkeeper should also be an equal opportunity employer.”

-What does this statement mean? Give three examples where discriminatory practices occur in the hotel industry.

2.“The Innkeepers Act 1952 protects innkeepers against petty or non-genuine complaints from guests.”

-Analyze this statement with three examples.

3.“An innkeeper can exclude liability for the loss or damage of a guest’s property, regardless of the value of that property.”

-With reference to the relevant statute, identify three measures that an innkeeper can take as regards the handling of guests’ properties.

4. “Under section 4 of the Innkeepers Act 1952, an innkeeper’s liability for the loss or damage of a guest’s property does not exceed RM500. However, there are exceptions.”

-Identify two situations where an innkeeper’s liability for the loss or damage of a guest’s property may exceed RM500.

5. “A foodservice provider can be liable to customers in tort law.”

-Discuss a foodservice provider’s potential liabilities in tort law with three case law examples.

6. “The Food Act 1983 imposes various responsibilities on a foodservice provider. Failure to comply with the Act can result in fine or imprisonment.”

-Analyze two sections of the Act that impose duties on a foodservice provider.

1.You are considering an investment that will pay you $1,200 in one year, $1,400 in two years, and $1,600 in three years, $1,800 in four years, and $11,000 in five years. All payments will be received at the end of the year. • Your opportunity cost of capital (r ) is 10.5%

• Using the present value formula calculate the present value of each of the cash flows by

1. Discounting cash flows using annual compounding

2. Discounting cash flows using monthly compounding

3. Discounting cash flows using continuous compounding • How much would you be willing to pay for the investment using each of the three different compounding scenarios? That is, what is the present value of the cash flows from the investment using each of the three different compounding scenarios? • Which of the three present values is the largest (annual, monthly or continuously compounded returns)? Please explain why this is the case.

2. Tiny’s Quick Loans offers customers a “four for five or I knock on your door” loan. That is, Tiny will lend you $4 today and you repay Tiny $5 in one week when you get paid. What is the effective annual return Tiny is earning in this lending business? What is the APR that you are paying Tiny? (Assume that there are 52 weeks in the year.)

Go to Yahoo Finance and enter SBUX in the search bar to access the financial statements for Starbucks. Access the two most recent income statements and balance sheets that are provided, and prepare horizontal and vertical analyses of both.

Luangwa, a public limited company, is assessing the accounting treatment of the following transaction for the year ended 31 May 2016.

On 1 June 2014, Luangwa had granted share appreciation rights to 200 senior executives. Each executive will receive 2,000 rights on 31 May 2017 provided he or she continues to be employed by Luangwa at that date. On 1 June 2014, the directors estimated that all the executives would remain employed by Luangwa for the three-year period ending on 31 May 2017. However, 10 executives left in the year ended 31 May 2015 and at 31 May 2015 the directors believed that a further 10 executives would leave in the following two years. Five executives actually left in the year ended 31 May 2016 and the directors now believe that seven more directors will leave in the year ended 31 May 2017. Since 1 June 2014, the fair value of the share appreciation rights has fluctuated as follows:

Date Fair value of one right

K

1 June 2014 1·60

31 May 2015              1·80

31 May 2016              1·74

Required:

Discuss the accounting treatment of the above item in the financial statements for the year ended 31 May 2016.                                                                                                               

b) An entity grants 100 share options on its $1 shares to each of its 500 employees on 1 January

20X5. Each grant is conditional upon the employee working for the entity over the next three years.

The fair value of each share option as at 1 January 20X5 is $15.

On the basis of a weighted average probability, the entity estimates on 1 January that 20% of

employees will leave during the three-year period and therefore forfeit their rights to share options.

Required

Show the accounting entries which will be required over the three-year period in the event of the following:

– 20 employees leave during 20X5 and the estimate of total employee departures over the three year period is revised to 15% (75 employees)

– 22 employees leave during 20X6 and the estimate of total employee departures over the three-year period is revised to 12% (60 employees)

– 15 employees leave during 20X7, so a total of 57 employees left and forfeited their rights to

share options. A total of 44,300 share options (443 employees x 100 options) are vested at the end of 20X7.

A company manufactures printers and fax machines at plants located in Atlanta, Dallas, and Seattle. To measure how much employees at these plants know about quality management, a random sample of 6 employees was selected from each plant and the employees selected were given a quality awareness examination. The examination scores for these 18 employees are shown in the following table. The sample means, sample variances, and sample standard deviations for each group are also provided. Managers want to use these data to test the hypothesis that the mean examination score is the same for all three plants.

Set up the ANOVA table for these data. (Round your values for MSE and F to two decimal places, and your p-value to four decimal places.)

Test for any significant difference in the mean examination score for the three plants. Use

α = 0.05.

State the null and alternative hypotheses.

H₀: μ₁ = μ₂ = μ₃
H_a: Not all the population means are equal.

H₀: Not all the population means are equal.
H_a: μ₁ = μ₂ = μ₃    

H₀: μ₁ = μ₂ = μ₃
H_a: μ₁ ≠ μ₂ ≠ μ₃

H₀: At least two of the population means are equal.
H_a: At least two of the population means are different.

H₀: μ₁ ≠ μ₂ ≠ μ₃
H_a: μ₁ = μ₂ = μ₃

Find the value of the test statistic. (Round your answer to two decimal places.)

t stat =

Find the p-value. (Round your answer to four decimal places.)

p-value =

State your conclusion.

Do not reject H₀. There is sufficient evidence to conclude that the means for the three plants are not equal.

Do not reject H₀. There is not sufficient evidence to conclude that the means for the three plants are not equal.    

Reject H₀. There is sufficient evidence to conclude that the means for the three plants are not equal.

Reject H₀. There is not sufficient evidence to conclude that the means for the three plants are not equal.