|
Observed Frequencies |
Remedial English |
Not in Remedial English |
Total |
|
Normal |
22 |
187 |
209 |
|
ADD |
19 |
74 |
93 |
|
Total of the two categories |
41 |
261 |
302 |
My Question: How do you run the appropriate chi square test on this data in SPSS? I need to know how to set it up in SPSS and the step by step procedures. What goes in the data view/variable view and how do I run the test?
In: Math
The following appeared in a brief article in a major business newspaper: A local court is in the process of ruling on whether the public accounting firm of James Willis and Co., CPAs, PC, should be required to pay all or part of $16 million in damages relating to Geiger Co. for failing to detect a scheme to defraud the company, a former audit client.
Geiger Co., an SEC registrant, charges that Willis was negligent in failing to discover fraud committed by the company's controller and wants Willis to foot the bill for all $16 million in claims by and against the company. The company claims that if it had known about the fraud, it could have stopped it and recovered financially. The bank involved claims that it granted the loan based on misstated financial statements. The shareholder's involved claim that they purchased the stock on the American Stock Exchange at an inflated price due to the misstated financial statements. They acknowledged that while stock had been outstanding and traded for many years (10) prior to the fraud, they made their investment decisions relying upon the misstated financial statements.
Willis's general counsel said, “We anxiously await a decision that will show that CPAs are not guarantors for everything that goes on in the company.” Geiger Co.'s lawyer said that she anxiously awaited a decision because it will “clearly show that CPAs are liable for finding fraud.”
Assume that Willis performed that audit with ordinary negligence and this ordinary negligence is the reason that the defalcation was not discovered and recovered. Further, assume that the $16,000,000 of loss is properly allocated as follows:
|
Company itself |
$8,000,000 |
|
Bank that gave a commercial loan |
5,000,000 |
|
Shareholders |
3,000,000 |
Reply from the perspective that the only issues involved here are whether the plaintiffs involved may recover from a CPA that has performed the engagement with this degree of negligence. Assume the situation described above, and assume that other elements of proof (e.g., loss, proximate cause) are not at issue.
Required:
Assume that the case is brought under common law, and that the state in which Geiger Co. is headquartered follows the known userapproach for third-party legal liability.
1. Should Willis be found liable to the company, Geiger Co., itself? Explain.
2. Should Willis be found liable if sued by a bank that used the financial statements as a basis for providing a loan and, due to the misstatement, lost $5 million on the loan? Explain.
3. Should Willis be found liable if sued by shareholders who invested in the stock of the company? Assume these investors invested relying upon the misstated financial statements and as a result thereof lost $3 million. Explain.
4. Which of answers 1, 2, and 3 might change if the jurisdiction involved followed the Restatement of Torts approach? Explain.
Assume that the case is brought under the Securities Act of 1933. Answer the following from the perspective of CPA liability under that act.
1. Should Willis be found liable to the company, Geiger Co., itself? Explain.
2. Should Willis be found liable if sued by a bank that used the financial statements as a basis for providing a loan and, due to the misstatement, lost $5 million on the loan? Explain.
4. Should Willis be found liable if sued by shareholders who invested in the stock of the company? Assume these investors invested relying upon the misstated financial statements and as a result thereof lost $3 million. Explain.
4. Which, if any, of answers 1, 2, and 3 might change if the stock involved had been issued to the public for the first time and the financial statements involved had been included in a registration statement for the securities? Explain.
Assume that the case is brought under the Securities Exchange Act of 1934. Answer the following from the perspective of CPA liability under that act.
1. Should Willis be found liable to the company, Geiger Co., itself? Explain.
2. Should Willis be found liable if sued by a bank that used the financial statements as a basis for providing a loan and, due to the misstatement, lost $5 million on the loan? Explain.
3. Should Willis be found liable if sued by shareholders who invested in the stock of the company? Assume these investors invested relying upon the misstated financial statements and as a result thereof lost $3 million. Explain.
In: Accounting
In: Other
“WakeUP”, a Mississippi company that produces coffee products, sells their products throughout the United States and is considering expanding its business into Europe. If so, they will have income derived from sales to US Customers and income derived from sales within Europe. Assess the impacts that selling their products abroad will have to WakeUP and any tax incentives that will apply to their situation.
In: Accounting
Which of the below is not considered as an ‘invitation to treat’ (ITT) situation?
A. A computer shop puts up a banner ‘Closing downClearance! Offer for Sale!’
B. A company publicises a tender announcement in the newspaper
C. A car dealer puts up an advertisement ’Toyota Yaris at RM30K.First 10 customers only’
D. A real estate agency promotes an auction in a property magazine
In: Economics
Big Country Ski Shop is a retail store that sells ski equipment and clothing. Big Country Ski Shop commenced business on September 1, 2019. The firm purchases merchandise on open account. The firm’s purchases, purchase returns and allowances, and cash payments on account during September 2019 follow:
| DATE | TRANSACTIONS | |
| 2019 | ||
| Sept. | 2 |
Purchased ski boots for $5,100 plus a freight charge of $160 from Colorado Ski Shop, Invoice 6672, terms n/30. |
| 3 |
Purchased skis for $10,700 from Alaska Supply Company, Invoice 5916; terms 1/10, n/30. |
|
| 7 |
Received Credit Memorandum 165 for $850 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. |
|
| 11 |
Purchased ski jackets for $3,500 from Cold Mountain Clothing Company, Invoice 4091, terms n/30. |
|
| 12 |
Issued Check 104 to Alaska Supply Company in payment of Invoice 5916, dated September 3, less the cash discount. |
|
| 22 |
Purchased ski poles for $3,260 plus a freight charge of $195 from Alaska Supply Company, Invoice 5950, terms 3/10, n/30. |
|
| 23 |
Purchased ski pants for $1,750 from Swenson Ski Goods, Invoice 528, terms n/30. |
|
| 25 |
Received Credit Memorandum 245 for $250 from Swenson Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528. |
|
| 27 |
Purchased ski sweaters for $4,100 plus a freight charge of $175 from Colorado Ski Shop, Invoice 6722, terms n/30. |
|
| 30 |
Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7. |
|
Required:
Record the transactions in a general journal.
Analyze:
What was the amount of the cash discount on September 12?
In: Accounting
13. Accelerated Solutions has the following data for the year
ended December 31, Year 1:
|
Accounts receivable (January 1, Year 1) |
$ 350,000 |
|
Credit sales |
1,200,000 |
|
Collections from credit customers |
850,000 |
|
Customer accounts written off as uncollected |
10,000 |
|
Allowance for doubtful accounts (January 1, Year 1) |
35,000 |
|
Estimated uncollected accounts based on an aging analysis (December 31, Year 1) |
50,000 |
Refer to Accelerated Solutions. If the aging approach is used to estimate bad debts, what is the balance in the allowance for doubtful accounts after the bad debt expense adjustment?
|
|
a. |
$10,000 |
|
|
b. |
$15,000 |
|
|
c. |
$25,000 |
|
|
d. |
$50,000 |
|
14. MicroScan Technologies reported the following
information:
|
||||||||||||
|
Refer to MicroScan Technologies. How much cash was received for interest during Year 2?
|
||||||||||||
|
15. AT&U Company has the following data for the year ended
December 31, Year 1:
|
||||||||||||
|
Refer to AT&U Company. If the company estimates its bad debt to be 2% of net credit sales, what will be the balance in the allowance for doubtful accounts after the adjustment for bad debt expense?
|
|
In: Accounting
1. Antibiotic Evaluation
The following set of data was taken from tests of antibiotics on two organisms isolated from the lungs of a patient with Cystic Fibrosis. These evaluations were carried out using the disk diffusion method, and the diameter of the zone of inhibition (ZOI) is provided for each organism and antibiotic.
Pseudomonas aeruginosa is Gram-negative.
Corynebacterium xerosis is Gram-positive.
Resistant (R): ZOI ≤ 11 millimeters (mm)
Intermediate (I): ZOI > 11 mm and ≤ 17 mm
Sensitive (S): ZOI > 17 mm
Instructions: Evaluate the susceptibility of each organism to the antibiotics listed. Then, fill in the “Evaluation” columns with R, I, or S based on your analysis.
|
Antibiotic |
Pseudomonas aeruginosa |
Corynebacterium xerosis |
||
|
ZOI, mm |
Evaluation |
ZOI, mm |
Evaluation |
|
|
Penicillin |
3 |
1 |
||
|
Erythromycin |
12 |
33 |
||
|
Rifampin |
11 |
2 |
||
|
Ciprofloxacin |
19 |
27 |
||
Based on the results from these two organisms and the data provided, determine which antibiotics are broad-spectrum and which antibiotics are narrow-spectrum.
|
Antibiotic |
Spectrum |
|
Penicillin |
|
|
Erythromycin |
|
|
Rifampin |
|
|
Ciprofloxacin |
2. Media preparation
2A. Of all the infectious agents we have discussed, at least one of them can remain pathogenic after going through a correctly-functioning autoclave. Which is it?
2B. To test our autoclaves at Southwestern we perform a monthly “Endospore viability” run. Explain why this is a good way to determine if the autoclave is working properly.
3. Estimation of Bacterial Population Size
3A. Estimate the population of the original culture based on the information below:
Number of colonies on plate: 74
Volume plated: 0.1 mL
Dilution of culture plated: 1/1,000,000 (1 x 10-6)
Estimated population density (Be sure to include the correct units!):
3B. If I took 0.5 mL of the original culture and diluted it into 15 mL of water, how much would the original culture be diluted?
3C. Suppose that I took 1 mL of water from Sweetwater Reservoir and plated it onto TSA. After 1 day of growth, I counted 30 colonies on the plate. Sweetwater Reservoir is estimated to have approximately
34,000,000,000,000 milliliters of water (3.4 x 1013 mL)
How many bacteria do you estimate are living in Sweetwater Reservoir?
In: Biology
The maintenance manager at a trucking company wants to build a regression model to forecast the time (in years) until the first engine overhaul based on four explanatory variables: (1) annual miles driven (in 1,000s of miles), (2) average load weight (in tons), (3) average driving speed (in mph), and (4) oil change interval (in 1,000s of miles). Based on driver logs and onboard computers, data have been obtained for a sample of 25 trucks. A portion of the data is shown in the accompanying table.
| Time Until First Engine Overhaul | Annual Miles Driven | Average Load Weight | Average Driving Speed | Oil Change Interval |
| 7.9 | 42.4 | 20 | 43 | 16 |
| 0.7 | 98.9 | 25 | 42 | 30 |
| 8.3 | 43.8 | 22 | 60 | 15 |
| 1.4 | 110.5 | 28 | 61 | 25 |
| 1.7 | 102.5 | 27 | 54 | 20 |
| 1.9 | 97.6 | 23 | 65 | 19 |
| 2.8 | 92.8 | 19 | 53 | 11 |
| 7.4 | 54.2 | 23 | 62 | 12 |
| 8.2 | 51.5 | 17 | 48 | 12 |
| 4 | 85.1 | 24 | 61 | 24 |
| 0.7 | 120.7 | 32 | 55 | 20 |
| 5.2 | 77 | 28 | 53 | 31 |
| 5 | 68.4 | 21 | 48 | 21 |
| 4.9 | 54.6 | 26 | 60 | 24 |
| 5.9 | 67.1 | 15 | 55 | 29 |
| 8.4 | 39.5 | 15 | 48 | 18 |
| 5.5 | 52.2 | 23 | 51 | 22 |
| 5.6 | 54.5 | 16 | 50 | 18 |
| 4.6 | 74.9 | 27 | 63 | 20 |
| 6 | 59.2 | 17 | 54 | 13 |
| 6.5 | 52.4 | 26 | 51 | 20 |
| 7.3 | 68.2 | 13 | 51 | 18 |
| 3.8 | 94.6 | 21 | 50 | 26 |
| 6.9 | 46 | 21 | 53 | 13 |
| 5.9 | 61.7 | 27 | 62 | 17 |
a. Estimate the regression model. (Negative values should be indicated by a minus sign. Round your answers to 4 decimal places.)
| TimeˆTime^ = ____ + ____ Miles + ____ Load + _____ Speed + _____ Oil |
c. Based on part (a), are the signs of the regression coefficients logical?
|
In: Statistics and Probability
A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are
C(x)=75000+50x and p(x)=300-x/30, 0 ≤ x ≤ 9000
(A) Find the maximum revenue.
(B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set.
(C) If the government decides to tax the company $5 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set?
In: Math