A sample of 40 observations is selected from a normal population. The sample mean is 31, and the population standard deviation is 3. Conduct the following test of hypothesis using the 0.05 significance level.

H₀: μ ≤ 30

H₁: μ > 30

1. Is this a one- or two-tailed test?

• "One-tailed"—the alternate hypothesis is greater than direction.

• "Two-tailed"—the alternate hypothesis is different from direction.

2. What is the decision rule? (Round your answer to 3 decimal places.)

3. What is the value of the test statistic? (Round your answer to 2 decimal places.)

4. What is your decision regarding H₀?

• Do not reject

• Reject

1. e-1. What is the p-value? (Round your answer to 4 decimal places.)

1. e-2. Interpret the p-value? (Round your answer to 2 decimal places.)

CAN SOMEONE WITH DEEP KNOWLEDGE AND BRAINY ANSWER THE QUESTION PLEASE.

Your client is Magnificent Homeware Limited and your audit will be for the year ended 31 March 2018. Magnificent Homeware Ltd is a retailer and the main products sold are:

fridges

freezers

OLED televisions

coffee machines

blenders.

The retail shops are in Auckland (2) and Wellington (1) and the head office is in Auckland. There has been an extensive amount of capital expenditure over the past three years.

Each of the shops has a manager and they have incentive bonuses based on the net profit of the company. In discussions with each of these managers you have been alerted to the fact that there are problems with the over ordering of fridges and coffee machines. This has been as a result of the volatility of the market and competition in the market place and as a result the company had suffered cash-flow problems during the 2018 income year.

Your analysis of the industry suggests that the market for homeware products is extremely volatile and there is increasing competition and the need for heavy discounting for televisions and fridges.

The homeware industry is affected by changes in technology, especially for the televisions and therefore you have a concern for obsolete televisions as part of the inventory.

The managing director is Gwyneth Homeby and she is a gregarious person who was previously a car dealer. Accounting is definitely not her strong point. She relies completely on the accountant Helen Breeze. Gwyneth also advises you that she is concerned at the verbal reports of an isolated bullying situation by the manager to a sales staff member in one of one of the Auckland stores. You have found the following reference from the Institute of Directors which may assist you: https://www.iod.org.nz/About-us/IoD-news-and-articles/Post/19383.

In your first meeting with Gwyneth she unexpectedly offered you two free tickets to the T20 cricket match between the Black Caps and West Indies. Gwyneth explained to you that she had purchased these tickets however she has now found out that she will be going to a sales conference in Sydney at the time of this cricket match. At this stage you have not accepted the tickets and you are unsure on how to proceed.

Gwyneth also advises you that approximately 10% of the company sales is through supplying white ware and televisions to a government department in Wellington and this department is now reviewing the contract and calling for tenders for the 2018 – 2020 years.

During the 2018 income year the company borrowed an additional $1.4 million on a 15 year mortgage. The additional borrowing was used to build a new retail store which opened in Wellington in November 2017. The two Auckland shops are leased.

The bank overdraft has been agreed upon by the bank and has a maximum agreed overdraft of $400,000.

The 2018 financial statements are as follows:

Magnificent Homeware Ltd – summarised information

Income Statement

As the auditor for Magnificent Homeware Ltd, use the information supplied and complete the following

b. Using the financial information above, provide analytical calculations (supported by formulae and figures) for the purpose of reviewing the financial performance and the financial position of Magnificent Homeware Ltd. Your focus should be to highlight matters of significant concern and trends that appear unusual.

c. From the analysis in (b) above, what are the audit risk factors for inventory and accounts receivable?

d. How would the financial statement analysis in (b) above assist to plan your audit approach for Magnificent Homeware Ltd?

e. From the information above (excluding the financial statements) list the potential problem areas and any major concerns (where there could be risk or material misstatement) that you will need to consider as part of the plan for the 2018 audit for this company. You must provide brief reasons why each of the areas you have listed require special consideration. You should be able to comment on at least 10 areas.

Today, one needs to pay 130 US dollars for 100 euros. The continuously compounded US interest rate is 1% and the continuously compounded euro interest rate is 2%.

(1) What is the 9-month forward price for 100 Euros?

(2) Suppose you will receive 2 mln US dollars and 1 mln. euros in six months. The current forward price of a forward contract that matures in six months is F0,6mth = 1.2935 USD per 1 euro. Suppose you short eight forward contracts today (the contract size is 125,000 Euro). How many USD and euros will you have in six months?

One state lottery has 1,000 prizes of $1; 130 prizes of $10; 20 prizes of $55; 5 prizes of $300; 2 prizes of $1,010; and 1 prize of $2,500. Assume that 31,000 lottery tickets are issued and sold $1

What is the lottery's expected profit per ticket?

What is the lottery's standard deviation of profit per ticket?

Mr. Chung has smoked two packs of cifarettes per day for 50 years. ABGs reveal a liw PO2 and a high PCO2 consitent with chronic lung disease. He is diagnosed with an acute exacerbation of chronic bronchitis. He is placed on oral antibiotics and long acting bronchodilators by metered dose inhaler. What teaching could you offer to help Mr. Chung mobilize and expectorate secretions?

Two lab groups dissolved 6g of cupric sulfate pentahydrate in approximately 50 mL of warm water. After it dissolved, they added 1.12g of iron fillings. Student A predicted the reaction would produce 1.28g of copper, while student B predicted there would be 1.54g of copper. Which student, A or B, do you agree with? Explain your reasoning with a short essay.

1. A 50-year-old woman has been experiencing a chronic cough for the past two months. She is a two pack per day smoker and has been for the past 30 years. She sees her PCP for the cough and is given an order for a chest x-ray at the local hospital. The x-ray report states, “nodule in lower lobe of right lung, worrisome for malignancy.” The PCP refers her for a biopsy of the nodule at the ambulatory surgery clinic, which substantiates the diagnosis of cancer in the pathology report. Two weeks later the same physician who did the biopsy performs a right lower lobectomy. Prior to discharge after surgery, the patient develops an infection, and the infectious disease specialist is asked to evaluate her and recommend the appropriate treatment course. Upon discharge, she receives care in her home for the next two weeks. Four weeks after surgery, radiation therapy is initiated, but her condition continues to deteriorate over the next few months with metastasis to the brain noted, at which point she decides to receive only palliative care.
   1. Classify the providers for each stage of the patient’s care noted above and outline their responsibilities.
   2. Explain the documentation that each provider will be creating as part of the patient’s record.

sampath holds two put option on coca-cola co at a strike price of $50. he paid $250 for this option. the stock is now trading at $45 per share. what is the total intrinsic value of his put option position?

a- $45

b- $10

c- $1000

d- $500

c- 250

Assume that a manufacturer manufactured 850 items from which 50 items do not confirm. Two items are chosen randomly without replacement from the batch.

Suppose that the random variable X equal the number of nonconforming items in the sample. Calculate and draw the cumulative distribution function (CDF) of X.