Advertisers contract with internet service providers and search engines to place ads on websites. They pay a fee based on the number of potential customers who click on their ad. Unfortunately, click fraud—the practice of someone clicking on an ad solely for the purpose of driving up advertising revenue—has become a problem. Business week reports that 40 percent of advertisers claim they have been a victim of click fraud. Suppose a simple random sample of 360 advertisers will be taken to learn more about how they are affected by this practice. (Round your answers to four decimal places.) (a) What is the probability that the sample proportion will be within ±0.04 of the population proportion experiencing click fraud? Incorrect: Your answer is incorrect. (b) What is the probability that the sample proportion will be greater than 0.45?

The Show Time movie theatre sells thousands of gift certificates every year. The certificates can be redeemed at any time because they have no expiry date. Some of them may never be redeemed (because they are lost or forgotten, for example). The owner of the theatre has raised some questions about the accounting for these gift certificates.

Instructions

Write an email to answer the following questions from the owner:

a.  

Why is a liability recorded when these certificates are sold? After all, they bring customers into the theatre, where they spend money on snacks and drinks. Why should something that helps generate additional revenue be treated as a liability?

b.  

How should the gift certificates that are never redeemed be treated? At some point in the future, can the liability related to them be eliminated? If so, what type of journal entry would be made?

OSE provides a one year warranty on all its electronic products. The warranty is an assurance against manufacturing defects. In December 2016, OSE sold $500,000 worth of electronic products. The cost of the goods sold was $250,000 and OSE estimates the cost of repairs under the warranty to be $5,000.
During the financial year ended December 2017, OSE incurred cost of $3,000 to repair the products under warranty that were sold in December 2016. It also incurred costs of $1,000 on repairs that did not fall under the warranty agreement and charged its customers $1,200 for these repairs.
OSE complies with FRS 18 Revenue and FRS 37 Provision, Contingent Liabilities and Contingent Assets.

Prepare journal entries to record the sale of the electronic products and the warranty for the financial years ended 31 December 2016 and 31 December 2017.

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company’s costs:

For example, electricity costs are $1,200 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.20 per car washed.

The actual operating results for August appear below.

Required:

Complete the flexible budget performance report that shows the company’s activity variances and revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Complete the flexible budget performance report that shows the company’s activity variances and revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Complete the flexible budget performance report that shows the company’s activity variances and revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Complete the flexible budget performance report that shows the company’s activity variances and revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Complete the flexible budget performance report that shows the company’s activity variances and revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Please give me solution and pick from multiple choice

Using the following returns, calculate the average returns for Abundant and Slim.

Summit Systems will pay a dividend of $1.50 next year. If you expect Summit’s dividend to grow by 6% per year, what is its price per share if the required return of equity is 11%?

Pfd Company has debt with a yield to maturity of 7%, a cost of equity of 13% and a cost of preference stock of 9%. The market values of its debt, preference stock and equity are $13 million, $3 million and $15 million, respectively, and its tax rate is 35%. What is this firm’s WACC?  

Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below:

From past experience, the company has learned that 30% of a month's sales are collected in the month of sale, another 60% are collected in the month following the sale, and the remaining 10% are collected in the second month following the sale. Bad debts are negligible and can be ignored. February sales totaled $330,000, and March sales totaled $360,000.

1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.

2. Assume that the company will prepare a budgeted balance sheet as of June 30. Compute the accounts receivable as of that date.

Consider the following data.

Answer the following:

1. Write the SQL DDL statements to create the tables. Include primary and foreign keys.

A 7-year $1000 par value bond with 10% semiannual coupons was sold on April 1, 2000, which yields 8% convertible semiannually. The coupons were payable at the beginning of October and April after the purchase. On June 25, 2005, the owner wished to know the dirty and clean values of this bond. Use both theoretical method and practical method, with the “30/360” method for figuring day counts. (Answers: $1055.44, $1032.35 by theoretical method, $1055.64, $1032.31 by practical method). Please show all work and numerical equation.

One study 145 individuals who received ceramic hips between 2003 and 2005, 20 hips developed squeaking. Using a=.02

1. Calculate the confidence interval for the true proportion of such hips that develop squeaking

2. Assume the population proportion of such hips that develop squeaking is p=0.15, what is the probability that between 8% and 21% of the sampled hips develop squeaking

3. Decide whether the proportion of such hips that develop squeaking is greater than 0.1. What is the rejection region? Calculate p-value. State appropriate conclusion.