The manager of the Burrard Credit Union wishes to know if there is a significant difference
between male and female customers’ interest in a proposed new type of savings certificate. A
survey of 200 randomly selected customers has yielded the following data:

INTEREST

SEX Strong Moderate Weak Total
Male 30 25 25 80
Female 60 40 20 120
Total 90 65 45 200

(a) What percentage of customers shows a strong or moderate interest in these savings
certificates? [2 marks]

ANSWER

(b) What percentage of customers is male AND shows a strong or moderate interest in
these savings certificates? [2 marks]

ANSWER

(c) What percentage of male customers do NOT show a strong interest in these savings
certificates? [2 marks]

ANSWER

(d) Among those customers who show a weak interest in these types of savings certificates,
what is the probability that they are a female?

(ii) The market consists of the following stocks. Their prices and number of shares are as follows: Stock Price Number of Shares Outstanding A $10 100,000 B 20 10,000 C 30 200,000 D 40 50,000 (a) What is the percentage increase in the market if a S&P 500 type of measure of the market (value-weighted average) is used? b. The price of Stock C doubles to $60. What is the percentage increase in the market if a S&P 500 type of measure of the market (value-weighted average) is used? c. Repeat question (b) but use a Value Line type of measure of the market (i.e., a geometric average) to determine the percentage increase. d. Suppose the price of stock B doubled instead of stock C. How would the market have fared using the aggregate measures employed in (b) and (c)? Why are your answers different?

Approximately 360 million people speak English as their first language. With 231 million native speakers, the United States comprises the majority of the global total. Additionally, there are 60 million native English speakers in the United Kingdom, 20 million in Canada, 17 million in Australia, 4.8 million in Ireland, and 4.8 million in New Zealand. Other countries also use English as their primary and official languages.

Problem 7. Summarize the data using a table

(The program I am using for my stats class is called past 3)

Make a pie chart showing the percentage of native English speakers

Make a bar chart showing the percentage of native English speakers

Make a Pareto chart showing the percentage of native English speakers

Q6. You are the assistant director of political research for the NBC television network, and two candidates Jeffrey Temple and Rotenberg Marvel, are running for president of the United States. You need to furnish a prediction of the percentage of the vote going to Marin, assuming the election was held today, for tomorrow’s evening newscast. You want to be 93% confident in your prediction and desire a total precision of ±4 percentage points.

a) Assume that you have no reliable information concerning the percentage of the population that prefers Marvel. What sample size will you use for the project? Hint: in this case, you should be conservative assuming the maximum degree of heterogeneity in the population so as to have a sample that is larger than it is necessary.

b) Assume that a similar poll, taken thirty days ago, revealed that 43 percent of the respondents would vote for Marvel. Taking this information into account, what sample size will you use for the project?

To predict the probability of default on their bond obligations, Daniel Rubinfeld studied a sample of 35 municipalities in Massachusetts for the year 1930, several of which did in fact default. The LPM model he chose and estimated was as follows:

P= 1.96 -0.029 TAX - 4.86 INT + 0.063 AV + 0.007 DAV - 0.48 WELF

(0.29) (0.009)      (2.13) (0.028) (0.003) (0.88) R2 = 0.36

where; P = 0 if the municipality defaulted and 1 otherwise

TAX = average of 1929, 1930, and 1931 tax rates

INT = percentage of current budget allocated to interest payments in 1930

AV = percentage growth in assessed property valuation from 1925 to 1930

DAV = ratio of total direct net debt to total assessed valuation in 1930

WELF = percentage of 1930 budget allocated to charities, pensions, and soldiers’ benefits. Interpret these results economically and statistically.

34) Winston Sporting Goods is considering a public offering of common stock. Its investment banker has informed the company that the retail price will be $18.70 per share for 500,000 shares. The company will receive $17.00 per share and will incur $170,000 in registration, accounting, and printing fees.

a-1. What is the spread on this issue in percentage terms? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

SPREAD_________%

a-2. What are the total expenses of the issue as a percentage of total value (at retail)? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

EXPENDITURE PERCENTAGE _________%

b. If the firm wanted to net $16.83 million from this issue, how many shares must be sold? (Do not round intermediate calculations. Enter your answer rounded to the nearest whole number.)

SHARES _____________-

Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Owen Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows.

Calculate the equivalent units of production for materials and conversion costs for both the bicycles and the tricycles. (Round answers to 0 decimal places, e.g. 2,520.)

Calculate the unit costs of production for materials and conversion costs for both the bicycles and the tricycles. (Round unit costs to 3 decimal places, e.g. 25.215.)

Calculate the assignment of costs to units transferred out and in process at the end of the accounting period for both the bicycles and the tricycles. (Round answers to 0 decimal places, e.g. 2,520.)

Bicycles

Tricycles

Prepare a production cost report for the month of March for the bicycles only. (Round unit costs to 3 decimal places, e.g. 25.123 and all other answers to 0 decimal places, e.g. 2,520.)

Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Owen Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows.

Calculate the equivalent units of production for materials and conversion costs for both the bicycles and the tricycles. (Round answers to 0 decimal places, e.g. 2,520.)

Calculate the unit costs of production for materials and conversion costs for both the bicycles and the tricycles. (Round unit costs to 3 decimal places, e.g. 25.215.)

Calculate the assignment of costs to units transferred out and in process at the end of the accounting period for both the bicycles and the tricycles. (Round answers to 0 decimal places, e.g. 2,520.)

Bicycles

Tricycles

Prepare a production cost report for the month of March for the bicycles only. (Round unit costs to 3 decimal places, e.g. 25.123 and all other answers to 0 decimal places, e.g. 2,520.)

Attaboy sells sports jerseys. The jerseys are manufactured by a supplier that makes them according to Attaboy’s specifications. You are the chief financial officer for Attaboy and you need to prepare a master budget for Year4. Attaboy needs the budget for the year, broken down by quarters.

Here is Attaboy’s balance sheet as of the end of Year3 (which, of course, is the beginning of Year4)

Cash 36,800$

Accounts Receivable 353,000

Inventory 10,000

PP&E 415,000

Accumulated depreciation (200,000)

$614,800

Acct Payable 426,000

Capital stock 150,000

Retained earnings 38,800

Total L&S E 614,800

You have gathered the following information about expected activity:

1.The marketing department provided projected sales for Attaboy. In Quarters 1 and 2, each jersey is expected to sell for $40. A $2 price increase is predicted in Quarter 3 and a $3 increase in Quarter 4.

Quarter 1, Year4: 21,000jerseys

Quarter 2,Year4: 25,000jerseys

Quarter 3,Year4: 23,000jerseys

Quarter 4,Year4: 22,000jerseys

Quarter 1,Year5: 23,000jerseys

2.Attaboy sells all of the merchandise on credit. Historically,Attaboy receives 70% of each quarter's sales during the quarter, 20% in the next quarter, and 10% in the quarter after that. Accounts receivable at 12/31/Year3are expected to be collected as follows:$238,000 in Quarter 1 and $115,000 in Quarter 2.

3.Attaboy estimates that it will have a gross margin percentage of 60% in Year4. They suffered from a shortage of inventory at the end of Year4, so they plan to keep inventory levels much higher in Year4. Inventory levels are budgeted to be 35% of the next quarters cost of goods sold.They pay for inventory purchases in the quarter following the purchase.

4.Variable selling and administrative costs are estimated at $10 per unit sold. Fixed selling and administrative costs are $70,000 per quarter. (This amount includes $3,000 of depreciation per quarter).

5.Attaboy will purchase land for $500,000 in the third quarter, for cash.They hope to begin construction on a flagship facility in Year5.

6.Attaboy pays quarterly dividends of $50,000.The dividends are paid in the same quarter they are declared.

7.Attaboy has to maintain a minimum cash balance of $30,000. Any projected borrowings are assumed to be borrowed at the beginning of the quarter. Payments are made at the end of the following quarters to the extent cash is available. All borrowings and repayments are made in $10,000 increments. Interest is paid at the time of repayment. Interest is calculated at 12% per year (no compounding).

Goodfellow & Perkins LLP is a successful mid-tier accounting firm with a large range of clients across Texas. During 2022, Goodfellow & Perkins gained a new client, Brookwood Pines Hospital (BPH), a private, not-for-profit hospital. The fiscal year-end for BPH is June 30. Goodfellow & Perkins is performing the audit for the fiscal year-end June 30, 2023.

BPH provides medically necessary care to patients, regardless of their ability to pay. Both uninsured and underinsured patients are offered discounts of up to 100% of charges based on their income as a percentage of the federal poverty level guidelines. BPH does not pursue collection of these accounts; therefore, they are not reported in patient service revenue and accounts receivable. The cost of providing the charity care is included in operating expenses.

BPH’s investments consist of mutual funds, common equities, corporate and U.S. government debt issues, state and municipal government debt issues, and trusts. A majority of the investments are the result of charitable contributions to the hospital by generous donors. Earnings from the investments are used to cover the costs of the charity care. BPH is also eligible for certain government grants to help cover the costs of the charity care.

The breakdown by payor of BPH’s accounts receivable balance approximates the following:

The historical estimated allowance for uncollectible accounts is approximately 23%.
The following table lists selected asset accounts for BPH as of June 30, 2023 and 2022 (amounts in thousands).

Select three asset accounts that you consider significant accounts for BPH and explain why they are significant. For each significant account that you identify, determine the two most relevant assertions for that account and select one audit procedure that would provide sufficient appropriate audit evidence related to each of the relevant assertions.

Enter your answer in accordance to the question statement