In: Economics
In a 2012 Washington Post article entitled "Is College Too Easy? As Study Time Falls, Debate Rises," Daniel de Vise reports that "over the past half-century, the amount of time college students actually study, has dwindled from 24 hours a week to about 15... "No standard deviation is given, but let's assume that standard deviation is 2.5 hours.
1.) Suppose a college student is selected at random. Use the empirical rule to estimate how likely it is that this student studied between 10 and 17.5 hours per week.
2.) Suppose a college student is selected at random. Use the empirical rule to estimate how likely it is that this student studied between 17.5 and 20 hours per week.
3.) Suppose a college student is selected at random. Use the empirical rule to estimate how likely it is that this student studies more than 20 hours per week.
In: Statistics and Probability
A group of Brigham Young University- Idaho Students collected data of the speed of vehicles traveling through a construction zone on a state highway, where the posted construction speed limit was 25 mph. The recorded speed for 14 randomly selected vehicles is given below.
20, 24, 27, 28, 29, 30, 32, 33, 34, 36, 38, 39, 40, 40
a. determine the sample standard deviation of the speeds
b. comment on the appropriateness of using the Empirical Rule to make any general comments about the drivers speed.
c. Use the empirical rule to estimate the percentage of speeds that are between 26 and 38 mph.
d. determine the actuall percentage of drivers whose speeds are between 26 and 38 mph.
e. Use the Empirical Rule to estimate the percentage of speeds that are greater than 26 mph (so they exceed the posted speed limit)
f. determine the actual percentage of drivers whose speeds are 26 mph or higher.
In: Statistics and Probability
{Exercise 3.29 (Algorithmic)}
The results of a national survey showed that on average, adults
sleep 6.9 hours per night. Suppose that the standard deviation is 1
hours.
Round your answers to the nearest whole number.
In: Statistics and Probability
EMP= (ename, ChildrenSet multiset(Children), SkillSet multiset(Skills))
Children = (name, birthday)
Skills = (type, ExamSet setof(Exams))
Exams = (year, city)
In: Computer Science
1. The regression equation below describes a multivariable linear regression model for average salary among faculty who received initial K Award funding in 2000-2003 (Jagsi, et al, JAMA, June 13, 2012—Vol 307, No. 22, Table 3) Average Salary = 166 094 + 13,399*Male + 48,205*(Full Professor) + 17,007*(Associate Professor) + 60,379*(Surgical Specialties) – 10,190*(Hospital-based Specialties) – 1,317*(Specialties for Children, Women and Families) + 393*(Number of Publications – 30) +31,232*(Leadership position) – 361*(Percent Research Time) +19,070*(Moderate Paying Specialty) + 51,204*(High-paying Specialty) + 100,734*(Extremely High-paying Specialty)
A. What is the predicted salary of a male associate professor in hospital-based, moderate paying specialty, non-leadership position, with 31 publications and 50 percent research time?
B. What is the predicted salary of a female associate professor in hospital-based, moderate paying specialty, non-leadership position, with 31 publications and 50 percent research time?
C. What is the interpretation of the slope for gender in the model?
D. What is the predicted salary of a male assistant professor in medical, moderate paying specialty, non-leadership position, with 10 publications and 60 percent research time?
E. What is the interpretation of the intercept? Does it make sense?
In: Statistics and Probability
How does our Health Care Organization establish and update patient management protocols?
In: Nursing
update your own comments on "Trade-off between risk and Return"
(long answer)
In: Economics
The accounting profit before tax of Jameson Ltd for the year ended 30 June 2018 was $320,000. It included the following revenue and expense items:
| Amortisation of development costs | $30,000 |
| Employee benefits expense | 54,000 |
| Carrying amount of plant sold | 36,667 |
| Depreciation expense - plant (15%) | 40,000 |
| Doubtful debts expense | 12,000 |
| Entertainment expense | 14,220 |
| Fines and penalties | 7,200 |
| Goodwill impairment | 1,000 |
| Insurance expense | 24,000 |
| Legal fees | 4,200 |
| Proceeds on sale of plant | 30,000 |
| Rent revenue | 25,000 |
| Royalty revenue (non-assessable) | 3,500 |
| Restructuring expenses | 25,000 |
The draft statement of financial position as at 30 June 2018 included the following assets and liabilities:
|
2018 |
2017 |
|
| Assets | ||
| Cash | 42,000 | 57,000 |
| Accounts receivable | 190,000 | 160,000 |
| Allowance for doubtful debts | (26,000) | (22,000) |
| Inventory | 142,000 | 152,000 |
| Prepaid insurance | 30,000 | 25,000 |
| Rent receivable | 3,500 | 5,500 |
| Development costs | 120,000 | - |
| Accumulated amortisation - development costs | (30,000) | - |
| Plant – at cost | 200,000 | 266,667 |
| Accumulated depreciation - plant | (90,000) | (80,000) |
| Goodwill | 10,000 | 10,000 |
| Goodwill - accumulated impairment losses | (2,000) | (1,000) |
| Deferred tax asset | ? | 26,100 |
| Liabilities | ||
| Accounts payable | 111,500 | 94,000 |
| Current tax liability | ? | 12,500 |
| Provision for employee benefits | 61,000 | 65,000 |
| Provision for restructuring | 25,000 | - |
| Borrowings | 210,000 | 190,000 |
| Deferred tax liability | ? | 17,150 |
Additional information:
a) All plant was purchased on 1 July 2015. The tax depreciation
rate for plant is 20%. The plant sold on 30 June 2018 cost
$66,667.
b) A tax deduction for development expenditure of 125% of the
$120,000 spent during the year is available under income tax
legislation. The profit before tax reflects the amount of
development costs amortised in the current period.
c) Assume all depreciation rates are on a straight line
basis.
d) Rent is assessed for tax when received in cash.
e) Actual amounts paid for insurance are allowed as a tax
deduction.
f) No deduction is allowed for taxation purposes in relation to
entertainment, fines and penalties.
g) Legal fees of $4,200 are capital in nature and non-deductible
for tax purposes.
h) For tax purposes, restructuring costs are deductible only
when paid.
i) The company pays tax in quarterly instalments. The following
payments were made during the year ended 30 June 2018:
| 28 July 2017 (Final payment for 30 June 2017) | $10,700 |
| 28 October 2017 (1st payment for 30 June 2018) | 9,570 |
| 28 February 2018 (2nd payment for 30 June 2018) | 10,470 |
| 28 April 2018 (3rd payment for 30 June 2018) | 7,550 |
j) Except for the quarterly instalments above, no journal entries
related to tax have been recorded for the year ended 2018. Assume
the tax balances at 30 June 2017 are correct.
k) The tax rate is 30%.
Required:
1. Calculate the taxable income and current tax liability using
an appropriate worksheet for the year ended 30 June 2018 (show all
workings).
2. Prepare the deferred tax worksheet to calculate the deferred tax
asset and liability balances and adjustments for the year ended 30
June 2018. Include all accounts and net balances where
appropriate.
3. Prepare the journal entries to recognise the current tax
liability, deferred tax assets and liabilities at 30 June 2018
calculated in 1. and 2.
In: Accounting
The accounting profit before tax of Jameson Ltd for the year ended 30 June 2018 was $320,000. It included the following revenue and expense items:
| Amortisation of development costs | $30,000 |
| Employee benefits expense | 54,000 |
| Carrying amount of plant sold | 36,667 |
| Depreciation expense - plant (15%) | 40,000 |
| Doubtful debts expense | 12,000 |
| Entertainment expense | 14,220 |
| Fines and penalties | 7,200 |
| Goodwill impairment | 1,000 |
| Insurance expense | 24,000 |
| Legal fees | 4,200 |
| Proceeds on sale of plant | 30,000 |
| Rent revenue | 25,000 |
| Royalty revenue (non-assessable) | 3,500 |
| Restructuring expenses | 25,000 |
The draft statement of financial position as at 30 June 2018 included the following assets and liabilities:
|
2018 |
2017 |
|
| Assets | ||
| Cash | 42,000 | 57,000 |
| Accounts receivable | 190,000 | 160,000 |
| Allowance for doubtful debts | (26,000) | (22,000) |
| Inventory | 142,000 | 152,000 |
| Prepaid insurance | 30,000 | 25,000 |
| Rent receivable | 3,500 | 5,500 |
| Development costs | 120,000 | - |
| Accumulated amortisation - development costs | (30,000) | - |
| Plant – at cost | 200,000 | 266,667 |
| Accumulated depreciation - plant | (90,000) | (80,000) |
| Goodwill | 10,000 | 10,000 |
| Goodwill - accumulated impairment losses | (2,000) | (1,000) |
| Deferred tax asset | ? | 26,100 |
| Liabilities | ||
| Accounts payable | 111,500 | 94,000 |
| Current tax liability | ? | 12,500 |
| Provision for employee benefits | 61,000 | 65,000 |
| Provision for restructuring | 25,000 | - |
| Borrowings | 210,000 | 190,000 |
| Deferred tax liability | ? | 17,150 |
Additional information:
a) All plant was purchased on 1 July 2015. The tax depreciation
rate for plant is 20%. The plant sold on 30 June 2018 cost
$66,667.
b) A tax deduction for development expenditure of 125% of the
$120,000 spent during the year is available under income tax
legislation. The profit before tax reflects the amount of
development costs amortised in the current period.
c) Assume all depreciation rates are on a straight line
basis.
d) Rent is assessed for tax when received in cash.
e) Actual amounts paid for insurance are allowed as a tax
deduction.
f) No deduction is allowed for taxation purposes in relation to
entertainment, fines and penalties.
g) Legal fees of $4,200 are capital in nature and non-deductible
for tax purposes.
h) For tax purposes, restructuring costs are deductible only
when paid.
i) The company pays tax in quarterly instalments. The following
payments were made during the year ended 30 June 2018:
| 28 July 2017 (Final payment for 30 June 2017) | $10,700 |
| 28 October 2017 (1st payment for 30 June 2018) | 9,570 |
| 28 February 2018 (2nd payment for 30 June 2018) | 10,470 |
| 28 April 2018 (3rd payment for 30 June 2018) | 7,550 |
j) Except for the quarterly instalments above, no journal entries
related to tax have been recorded for the year ended 2018. Assume
the tax balances at 30 June 2017 are correct.
k) The tax rate is 30%.
Required:
1. Calculate the taxable income and current tax liability using
an appropriate worksheet for the year ended 30 June 2018 (show all
workings).
2. Prepare the deferred tax worksheet to calculate the deferred tax
asset and liability balances and adjustments for the year ended 30
June 2018. Include all accounts and net balances where
appropriate.
3. Prepare the journal entries to recognise the current tax
liability, deferred tax assets and liabilities at 30 June 2018
calculated in 1. and 2.
In: Accounting