The manager of a computer software company wishes to study the number of hours senior executives by type of industry spend at their desktop computers. The manager selected a sample of five executives from each of three industries. At the .05 significance level, can she conclude there is a difference in the mean number of hours spent per week by industry?
Banking Retail Insurance
12 8 10
10 8 8
10 6 6
12 8 8
10 10 10

Answer:

Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis  and conclude all three means are not equal.

Explanation:

The given data is

Banking          Retail            Insurance

12                      8                        10

10                     8                          8

10                     6                          6

12                     8                           8

10                    10                          10

The results of excel are:            

Anova: Single Factor      

SUMMARY      

Groups    Count Sum Average         Variance  

Column 1 5 54            10.8              1.2  

Column 2 5 40               8               2  

Column 3 5 42              8.4                 2.8  

1) Let the null and alternate hypotheses be

H0: u1=u2=u3  i.e all the three means are equal and

Ha: Not all three means are equal

2) The significance level is set at ∝ =0.05

3)The test statistic to use is

F= sb²/ sw²

which has F distribution with v1= k-1 →3-1=2 and v2= n-k →15-3=12 degrees of freedom

After calculations the following table is obtained.

ANOVA      

Source              SS            df         MS            F        P-value        F crit

of Variation

B/w Groups        22.93         2     11.467      5.733    0.01788        3.885

Within Groups       24           12           2                                                             

Total                     46.93      14                                                                

4) The critical region is F ≥ F(0.05, 2,12) = 3.885

5) Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis  and conclude all three means are not equal.

Choose the sentence that uses correct punctuation.
A. Data may be illustrated in many forms: tables, bar charts, line charts, pie charts, flowcharts, organizational charts, or photographs.
B. Data may be illustrated in many forms: tables: bar charts: line charts: pie charts: flowcharts: organizational charts: or photographs.
C. When he arrived we began the presentation. When he arrived, we began the presentation. Alex, is not attending, the sales meeting.
D. Alex is not attending the sales meeting.

Gundy Company expects to produce 1,213,200 units of Product XX in 2020. Monthly production is expected to range from 80,000 to 114,000 units. Budgeted variable manufacturing costs per unit are: direct materials $5, direct labor $7, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $1. In March 2020, the company incurs the following costs in producing 97,000 units: direct materials $515,000, direct labor $670,000, and variable overhead $1,073,000. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.)

Marigold Corp. and its divisions are engaged solely in manufacturing operations. The following data pertain to the segments in which operations were conducted for the year ended December 31, 2021.

Assets
Industry Revenue Profit 12/31/21
A $8010000 $1315000 $15920000
B 6740000 1122000 13840000
C 5010000 960000 10110000
D 2300000 440000 52100

In its segment information for 2018, how many reportable segments does Marigold have?
a. Three
b. Four
c. Five
d. Six

how to vote correctly? explain your answer​

Thornton Industries began construction of a warehouse on July 1, 2021. The project was completed on March 31, 2022. No new loans were required to fund construction. Thornton does have the following two interest-bearing liabilities that were outstanding throughout the construction period:
$3,000,000, 12% note
$7,000,000, 7% bonds
Construction expenditures incurred were as follows:
July 1, 2021 $ 700,000
September 30, 2021 990,000
November 30, 2021 990,000
January 30, 2022 930,000
The company’s fiscal year-end is December 31.
Required:
Calculate the amount of interest capitalized for 2021 and 2022.
Calculate the amount of interest capitalized for 2021. (Do not round the intermediate calculations. Round your percentage answers to 1 decimal place (i.e. 0.123 should be entered as 12.3%).)
Date Expenditure Weight Average
July 1, 2021 x =
September 30, 2021 x =
November 30, 2021 x =
Accumulated expenditures
Amount Interest Rate Capitalized Interest
Average accumulated expenditures x % x =
2021
Date Expenditure Weight Average
January 1, 2022 x =
January 30, 2022 x =
Amount Interest Rate Capitalized Interest
Average accumulated expenditures x x =

Phelan Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and

wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity

base information, along with the estimated activity-base information, is provided below.

Gloria attended a job interview. The purpose of the interview was to assess how well she performs in a discussion with six other candidates. Which type of interview did Gloria attend?

Gloria attended a [blank] interview.

If the seller has reason to believe that nonconforming goods will be acceptable to the buyer, this could constitute as an exception to the Perfect Tender Rule. In such instances, upon notification of the seller's intent to promplty cure the nonconformity, the seller must be given a reasonable time within which to cure that nonconformity. This prevents the buyer from canceling the contract, and so in this instance, even if the seller has violated the Perfect Tender Rule, the seller will breach the contract only upon failure to cure after a reasonable amount of time.
A. True
B. False

Complete the following sentence.

Today, marketing strategies are generally divided into two sectors: inbound and

Select the correct answer from each drop-down menu.
Jerry's company has launched a new product following the market penetration pricing. What rates would his products have and on what would he
spend a lot on?
Jerry's company has launched a new product following the market penetration pricing. Thus, his products have____
and he is spending a lot on
____the product.
price

First blank:
A.) a high
B.) a low
C.) an above average

Second blank:
A.) packaging
B.) manufacturing
C.) advertising

Grouper Company purchased an electric wax melter on April 30, 2020, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase.

List price of new melter $21,804
Cash paid 13,800
Cost of old melter (5-year life, $966 salvage value) 15,456
Accumulated Depreciation-old melter (straight-line) 8,694
Secondhand fair value of old melter 7,176

Required:
Prepare the journal entries necessary to record this exchange, assuming that the exchange (a) has commercial substance, and (b) lacks commercial substance. Sage’s fiscal year ends on December 31, and depreciation has been recorded through December 31, 2020.

Tanner-UNF Corporation acquired as a long-term investment $300 million of 6% bonds, dated July 1, on July 1, 2021. Company management has classified the bonds as an available-for-sale investment. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $250 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $260 million.
Required
1.& 2. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2018 and interest on December 31, 2018, at the effective (market) rate.
3. Prepare any additional journal entry necessary for Tanner-UNF to report its investment in the December 31, 2018, balance sheet.
4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for $240 mllion. Prepare the journal entries necessary to record the sale, including updating the fair-value adjustment, recording any reclassification adjustment, and recording the sale.

he following labor standards have been established for a particular product: Standard labor-hours per unit of output 10.1 hours Standard labor rate $ 13.90 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 7,900 hours Actual total labor cost $ 106,650 Actual output 1,100 units
What is the labor efficiency variance for the month?
a. $47,779 F
b. $47,779 U
c. $43,335 F
d. $44,619 F

The following transactions occurred during July:

a. Received $1,090 cash for services provided to a customer during July.
b. Issued common stock for $5,800 cash.
c. Received $940 from a customer in partial payment of his account receivable which arose from sales in June.
d. Provided services to a customer on credit, $565.
e. Borrowed $7,900 from the bank by signing a promissory note.
f. Received $1,440 cash from a customer for services to be performed next year.

Required:
What was the amount of revenue for July?

Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $2,310,000 (210,000 hours at $11/hour) and that factory overhead would be $1,510,000 for the current period. At the end of the period, the records show that there had been 190,000 hours of direct labor and $1,210,000 of actual overhead costs. Using direct labor hours as a base, what was the pre-determined overhead rate?
a. $5.17 per direct labor hour.
b. $7.00 per direct labor hour.
c. $6.42 per direct labor hour.
d. $5.84 per direct labor hour.
e. $6.25 per direct labor hour.

Biopure is a company that manufactures and markets oxygen therapeutics. Its products are Hemopure for human use and Oxyglobin for animal use. Both have been developed as alternatives to red blood cell transfusions. Which of the following would be part of Biopure's internal environment?

a. approval by the U.S.Food and Drug Administration to allow veterinarians to use Oxyglobin.
b. the global market for the raw materials needed to make Hemopure and Oxyglobin
c. the patented manufacturing process that Biopure uses to produce Hemopure and Oxyglobin
d. a competitor developing a similar product
e. changes in patent law

Acct. Optimistic Likely Activity Variance
ID Description Predecessor Mosta a Pessimistic Time (te) [(b - a)/6]2 Critical 7
(a) (m) (b)
1 Design package None 6 12 24 13 9 x
2 Design product 1 18 19 28 20.33 2.78 x
3 Build package 1 4 7 10 7 1
4 Secure patent 2 21 30 39 30 9 x
5 Build product 2 17 29 47 30 25 x
6 Paint 3,4,5 4 7 12 7.3 1.78 x
7 Test market 6 13 18 19 16 1 x
(m) (b) Time (te) 1 Design package
The Variance for the activity Secure patent equals to:_____.

For what reason might keeping an accounts payable subsidiary ledger be unnecessary for a business? A. if the business is very small B. if the business processes invoices for payment. C. if the business pays only on account D. if the business has more customers then vendors

While on vacation, Kyle Kingston, the president and chief executive officer of Remstat, Inc., is called by the CEO of Viokam Corporation, who asks Kingston if Remstat would be interested in buying 25 percent of the outstanding shares of Viokam. Remstat is a billion dollar conglomerate which has contemplated acquiring Viokam for some time. Kingston tells Viokam's CEO that Remstat is not interested. Kingston tells Viokam’s CEO, however, that KKIM, Inc., would be willing to buy the shares of Viokam. Kingston is the 100 percent shareholder of KKIM. Viokam sells the shares to KKIM for $35 million. A year later, KKIM sells the shares for $55 million to a mutual fund company. When Remstat's directors discover KKIM's purchase and sale of the Viokam shares, they bring an action against Kingston on behalf of Remstat. Which of the following is correct?
1. Kingston may be held liable to Remstat because he usurped a corporate opportunity.
2. Kingston may not be held liable to Remstat because he became aware of this opportunity outside the scope of his duties as an officer of Remstat.
3. Kingston may not be held liable to Remstat because he acted within the discretion afforded him under the business judgment rule.
4. Kingston may be held liable to Remstat because he exceeded his authority to act for the corporation.

Kemper Company's balance sheet and income statement are shown below (in millions of dollars). The company and its creditors have agreed upon a voluntary reorganization plan. In this plan, each share of the $5 preferred will be exchanged for one share of $1.00 preferred with a par value of $25 plus one 9% subordinated income debenture with a par value of $75. The $9 preferred issue will be retired with cash. The company's tax rate is 30 percent.
Balance Sheet prior to Reorganization (in millions
Current Assets 400 Current liabilities 350
Net fixed assets 450 Advance payments 20
$5 preferred stock, $100 par value (1,000,000) shares 100
$9 preferred stock, no par, callable at 100 (160,000 shares) 30
Common stock, $0.10 par value (10,000,000) shares 50
Retained earnings 300
Total assets 850 Total claims 850

a. Construct the pro forma balance sheet after reorganization takes place. Show the new preferred at its par value.
b. Construct the pro forma income statement after reorganization takes place. How does the recapitalization affect net income available to common stockholders?

Speedy has net income of $30,955, and assets at the beginning of the year of $212,000. Assets at the end of the year total $258,000. Compute its return on assets.

On January 1, Year 1, Missouri Company purchased a truck that cost $56,000. The truck had an expected useful life of 10 years and a $5,000 salvage value. The amount of depreciation expense recognized in Year 2 assuming that Missouri uses the double declining-balance method is:__________

In the trade-off theory, debt levels chosen to balance interest tax shield against the costs of financial distress imply:________

a. an interior optimum (firm value maximizing) debt ratio
b. that investors are irrational, since they require lower returns the hgher the risk
c. that a firm would use little to no debt
d. that a firm would borrow as much as possible

On September 30, 2018, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,000,000 immediately and then another $1,000,000 on September 30, 2020. An interest rate of 8% reflects the time value of money for this type of loan agreement.
What amount of interest expense, if any, would Corso record on December 31, 2019, the company’s fiscal year end?
a. $68,687.
b. $80,000.
c. $60,000.
d. $69,959.

On January 1, 2018, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $373,648.
Required:
1. Complete the first three rows of an amortization table.
Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value
1/1/18
6/30/18
12/31/18
On January 1, 2018, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $373,648.
2. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018.

A good is non-rivalrous if:____.
A. It is not possible to prevent an individual from using the good.
B. Those who are unwilling or unable to pay for the good do not obtain its benefits.
C. The quantity of the good is affected by the price a consumer pays for the good.
D. One person's benefit from the good does not reduce the benefit available to other people.

Aztec Company sells its product for $160 per unit. Its actual and budgeted sales follow

Units Dollars
April (actual) 4,500 720,000
May (actual) 2,200 352,000
June (budgeted) 5,000 800,000
July (budgeted) 4,000 799,000
August (budgeted) 3,000 600,000

All sales are on credit. Recent experience shows that 28% of credit sales are collected in the month of the sale, 42% in the month after the sale, 27% in the second month after the sale, and 3% prove to be uncollectible. The product's purchase price is $110 per unit, 60% of purchases made in a month is paid in that month and the other 40% is paid in the next month. The company has the policy to maintain an ending monthly inventory of 18% of the next month's unit sales plus a safety stock of 180 units. The April 30 and May 31 actual Inventory levels are consistent with this policy. Selling and administrative expenses for the year are $1,584,000 and are paid evenly throughout the year In cash. The company's minimum cash balance at the month-end is $120,000. This minimum is maintained, If necessary, by borrowing cash from the bank. If the balance exceeds $120,000, the company repays as much of the loan as It can without going below the minimum. This type of loan carries an annual 13% interest rate. On May 31, the loan balance is $39,500, and the company's cash balance Is $120,000

Required:
a. Prepare a schedule that shows the computation of cash collections of its credit sales (accounts receivable) in each of the months of June and July.
b. Prepare a schedule that shows the computation of budgeted ending inventories (in units) for April, May, June, and July.
c. Prepare the merchandise purchases budget for May, June, and July. Report calculations in units and then show the dollar amount of purchases for each month.
d. Prepare a schedule showing the computation of cash payments for product purchases for June and July.
e. Prepare a cash budget for June and July, including any loan activity and interest expense. Compute the loan balance at the end of each month.

The financial statements for Highland Corporation included the following selected information:
Common stock $ 1,000,000
Retained earnings $ 770,000
Net income $ 1,020,000
Shares issued 100,000
Shares outstanding 77,000
Dividends declared and paid $ 690,000
The common stock was sold at a price of $31 per share.
1. What is the amount o f additional paid-in capital?
2. What was the amount of retained earnings at the beginning of the year?
3. How many shares are in treasury stock?

Winslow Company expects sales of its financial calculators to be $192,000 in the first quarter and $248,000 in the second quarter. Its variable overhead is approximately 15 percent of sales, and fixed overhead costs are $49,000 per quarter.

Required:
Compute Winslow's manufacturing overhead budget for the first two quarters.

Ivanhoe Co. purchases land and constructs a service station and car wash for a total of $465000. At January 2, 2021, when construction is completed, the facility and land on which it was constructed are sold to a major oil company for $500000 and immediately leased from the oil company by Ivanhoe. Fair value of the land at time of the sale was $45000. The lease is a 10-year, noncancelable lease. Ivanhoe uses straight-line depreciation for its other various business holdings. The economic life of the facility is 15 years with zero salvage value. Title to the facility and land will pass to Ivanhoe at termination of the lease. A partial amortization schedule for this lease is as follow:

Payments Interest Amortization Balance
Jan 2 2018 510000.00
Dec. 31, 2018 $83000.15 $51000.00 $32000. 47 7999.85
Dec. 31, 2019 83000.15 47799.99 35200. 44 2799.69
Dec. 31, 2020 83000.15 44279.97 38720.18 40 4079.51

The total lease-related expenses recognized by the lessee during 2021 is:_________