Business sensor technology provides a way for companies to learn about their customers, employees, and operations: data captured from sensors can be used to improve engagement, Sales, productivity, safety, and much more. A PwC survey of Global business and IT executives found that 25% of automotive executives: 27% of energy, utilities, and mining executives, 30% of hospitality and leisure executives; 33% of industrial products executives; and 52% of retail and consumer executives say their companies are currently investing in business sensor technology.

Suppose these results were based on 500 business and IT executives in each of the five industries: Automotive, Energy, Utilities, and Mining; Hospitality and Leisure; industrial products; and Retail and consumer.

A) at the 0.05 level of significance is there evidence of a difference among the industries with respect to the proportion of executives that say their companies are currently investing in business sensor technology?

B) Compute the p-value and interpret its meaning.

C) If appropriate, use the Marascuilo procedure and a= 0.05 to determine which companies differ in their currently investing in business sensor technology.

* Solve manually

The following data lists age (x, in years) and FICO credit score (y) for 15 random credit card customers. At the 10% significance level, use Excel to test the claim that age and credit score are linearly related by specifying the slope estimate, p-value and final conclusion below. Do not round any intermediate calculations. Round your slope estimate answer to 2 decimal places. Round your p-value to 4 decimal places. Enter a "−" sign in front of any negative answer.

Slope estimate =

p-value =

Final conclusion:

The data does not support the claim that age and credit score are linearly related.

The data supports the claim that age and credit score are linearly related.

Age Credit Score

68 603

61 805

45 774

73 661

80 793

69 611

25 575

42 732

47 515

26 714

71 702

69 792

27 791

79 660

72 713

Profit = Revenue - Cost

P(x) = R(x) - C(x)

Given: R(x) = x^2 - 30x

Given: C(x) = 5x + 100

X is hundreds of items sold / P, R, C are in hundreds of dollars

(1) Determine the Initial Cost?

(2) Determine the maximum Profit and number of items required for that profit?

(3) Determine the maximum Revenue and number of items required for that revenue?

(4) Find the break even points, P(x) = 0. What do the values represent in relation to the business?

Patton Company purchased $1,500,000 of 10% bonds of Scott Company on January 1, 2018, paying $1,410,375. The bonds mature January 1, 2028; interest is payable each July 1 and January 1. The discount of $89,625 provides an effective yield of 11%. Patton Company uses the effective-interest method and plans to hold these bonds to maturity.

*USE T ACCOUNTS

On July 1, 2018, Patton Company should increase its Debt Investments account for the Scott Company bonds by?

For the year ended December 31, 2018, Patton Company should report interest revenue from the Scott Company bonds of?

1.Consider an ad valorem tax on a luxury good such as cigars. Suppose the current tax rate is 75%. If the tax rate is increased to 100%, what will happen to government tax revenue?

Select one:

Government tax revenue will fall to zero

Government tax revenue will definitely decrease

Government tax revenue will likely decrease

Government tax revenue will likely increase

Government tax revenue will definitely increase

There is not enough information to tell

2.In Canada, income from capital gains receives special treatment. If the federal government eliminated the special treatment for income from capital gains:

Select one:

BC provincial government tax revenue would decrease

BC provincial government tax revenue would increase

BC provincial government tax revenue would be unaffected

There isn't enough information to tell

3.Consider the model of tax evasion that we learned in class, in which individuals may choose to underreport some amount of their income.

In this model, if government increases the penalties for tax evasion:

Select one:

Everyone will increase the amount of income that they underreport

Most (but not necessarily all) people will increase the amount of income that they underreport

Everyone will decrease the amount of income that they underreport

Most (but not necessarily all) people will decrease the amount of income that they underreport

There is not enough information to tell

Use the data given to develop a Statement of Cash flows for 2007 and calculate change in cash from 2006 in operating, investing and financing activities and reconcile to beginning and ending cash.

On June 15, 2018, Sanderson Construction entered into a long-term construction contract to build a baseball stadium in Washington, D.C., for $260 million. The expected completion date is April 1, 2020, just in time for the 2020 baseball season. Costs incurred and estimated costs to complete at year-end for the life of the contract are as follows ($ in millions):

Required:
1. Compute the revenue and gross profit will Sanderson report in its 2018, 2019, and 2020 income statements related to this contract assuming Sanderson recognizes revenue over time according to percentage of completion.
2. Compute the revenue and gross profit will Sanderson report in its 2018, 2019, and 2020 income statements related to this contract assuming this project does not qualify for revenue recognition over time.
3. Suppose the estimated costs to complete at the end of 2019 are $110 million instead of $60 million. Compute the amount of revenue and gross profit or loss to be recognized in 2019 using the percentage of completion method.

Required 1

Required 2

Required 3

Compute the revenue and gross profit will Sanderson report in its 2018, 2019, and 2020 income statements related to this contract assuming Sanderson recognizes revenue over time according to percentage of completion. (Enter your answers in millions. Loss amounts should be indicated with a minus sign. Use percentages as calculated and rounded in the table below to arrive at your final answer.)

2.

Compute the revenue and gross profit will Sanderson report in its 2018, 2019, and 2020 income statements related to this contract assuming this project does not qualify for revenue recognition over time. (Enter your answers in millions. Loss amounts should be indicated with a minus sign.)

3.

Suppose the estimated costs to complete at the end of 2019 are $110 million instead of $60 million. Compute the amount of revenue and gross profit or loss to be recognized in 2019 using the percentage of completion method. (Enter your answers in millions. Use percentages as calculated and rounded in the table below to arrive at your final answer.)

Determine the appropriate account to for the journal entry for the month of May by placing the appropriate identification number(s) in the debit o credit column provided for each item. The company uses a perpetual inventory system.

Group of answer choices

Sold merchandise with a cost of $250 for cash of $450, terms net 30 The account to be credited for $450 is:

      [ Choose ]            Inventory            Sales Returns and Allowances            Cost of Goods Sold            Accounts Payable            Cash            Sales Revenue      

Sold merchandise with a cost of $250 for cash of $450, terms net 30. The account to be credited for $250 is:

      [ Choose ]            Inventory            Sales Returns and Allowances            Cost of Goods Sold            Accounts Payable            Cash            Sales Revenue      

Purchased merchandise from Supplier, Inc. on account for $2,000, terms 2/10, n/30. The account to be debited is:

      [ Choose ]            Inventory            Sales Returns and Allowances            Cost of Goods Sold            Accounts Payable            Cash            Sales Revenue      

Returned $500 of merchandise that had been purchased from Supplier, Inc. The account to be credited is:

      [ Choose ]            Inventory            Sales Returns and Allowances            Cost of Goods Sold            Accounts Payable            Cash            Sales Revenue      

Sold merchandise costing $550 to Bike World for $900 on account, terms 2/10, n/30. Bike World will pay $40 freight costs per the shipping terms. The account to be debited for $550 is :

      [ Choose ]            Inventory            Sales Returns and Allowances            Cost of Goods Sold            Accounts Payable            Cash            Sales Revenue      

Accepted a return of merchandise from Bike World. Granted a credit on account of $100. The account to be debited for $100 is:

      [ Choose ]            Inventory            Sales Returns and Allowances            Cost of Goods Sold            Accounts Payable            Cash            Sales Revenue      

Purchased merchandise from AB Supply on account for $1,600; terms 1/10, n/30 The account to be credited for $1,600 is:

      [ Choose ]            Inventory            Sales Returns and Allowances            Cost of Goods Sold            Accounts Payable            Cash            Sales Revenue      

Paid freight of $90 on the shipment from Supplier, Inc. per the shipping terms of the purchase. The account to be credited for $90 is: