Ch 13 Ch 13. (37). It's so close to 1 that it really doesn't need testing, but just for drill: H0: rho <= 0 Ha: rho >0 Critical value for t (0.05, 1 tail, n-2=25-2=23 degrees of freedom) = 1.714 Test statistic: t = r/sqrt((1-r^2)/(n-2)) t = 0.94/sqrt((1-.094^2)/(n-2)) t = 0.94/sqrt(0.1164/23) t = 13.21 Since the test statistic exceeds the critical value, we can reject the null hypothesis in favor of the alternative and presume that there is a positive correlation between
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Case Study 2—Internal Control Due by Sunday of Week 5, 11:59 p.m., mountain time LJB Company, a local distributor, has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The president wants to be aware of any new regulations required of his company if they go public, so he met with a colleague of yours at a local restaurant. The president of the company explained the current system of internal controls to your colleague
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BOND PRACTICE PROBLEM #2 iLearn QUESTION 1 On May 1, 2000, Chaugin, Inc. issued 6,000 bonds each with a face value of $1,000. The bonds are dated April 1, 2000. The face interest rate is 8.5%. The term of the bonds is 15 years. Interest is paid semiannually. Each bond is convertible into 90 shares of common stock with a par value of $ 10 per share. A. Record the issue if the bonds are issued when the market rate of interest, on an annual basis, is 8%. B. Record the issue
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SQ10-2 1. The APW Seal is designed to remind the audiences of the media copy that the consequences of watching pirating copyright works. Media copies that come with APW Seal don’t mean that the FBI has reviewed or validated copyright. 2. According to the “1857 Trafficking in Counterfeit Labels—18 U.S.C. § 2318”, that any one who is knowingly trafficking in a counterfeit label affixed or designed to be affixed to a phonorecord, or a copy of a computer program or documentation or packaging
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Assignment #2: First Steps Educational Program 08/15/2013 Financial Accounting Professor: Dr. Wendy Achilles Abstract First Steps Educational Program is a program that will incorporate traditional educational methods and Montessori methods. The program will educate students from the age of 2 – 17 years old. Teachers will identify their learning styles early in the program and will create a program that best fits their
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Practice Final Answer Key Answer Key 1. Direct materials used = 6,000 + 7,000 – 1,000 = 12,000 Cost of goods manufactured = 12,000 + 5,000 + (600 + 500 + 1,900 + 3,500) + 800 – 3,000 = 21,300 Cost of goods sold = 4,000 + 21,300 – 5,300 = 20,000 Gross margin = 31,800 – 20,000 = 11,800 2. B 3. D 4. D Sales 350,000 – CGS 160,000 = 190,000 5. B Sales 350,000 – CGS (variable) 160,000 – Var Sell and Adm 35,000 – Var Adm 15,000 = 140,000 6. C 7
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(2-1) An investor recently purchased a corporate bond that yields 9%. The investor is in the 36% combined federal and state tax bracket. What is the bond’s after-tax yield? Corporate yield = 9%; T = 35.5% AT yield = 9%(1 - T) = 9%(0.645) = 5.76% (2-2) Corporate bonds issued by Johnson Corporation currently yield 8%. Municipal bonds of equal risk currently yield 6%. At what tax rate would an investor be indifferent between these two bonds? Corporate bond yields 8%. Municipal bond yields 6%
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Chapter 2 - Working With The Tax Law Three Sources of Tax Law * Statutory – the law * Administrative- guidance on the law * Judicial – courts Statutory Sources of Tax Law * Internal Revenue Code (2.6 million words) * Codification of the Federal tax law provisions in a logical sequence * Have had three codes: * 1939, 1954, 1986 * Committee Reports * Explain intent of the law Statutory Sources of Tax Law * Example of Code Citation:
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Week 4 Multiple Choice Question 122 | | Your answer is correct. | | | Jawbreaker Company paid $640 on account to a creditor. The transaction was erroneously recorded as a debit to Cash of $460 and a credit to Accounts Receivable, $460. The correcting entry is | | Accounts Receivable........................................................................... | 460 | | Accounts Payable............................................................................... | 640 |
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Problem 4-4A (Part Level Submission) Print by: Diana Medina ACC557210MD011-1154-001: Financial Accounting / Homework: Chapter 4 *Problem 4-4A (Part Level Submission) Excelsior Amusement Park has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. Excelsior Amusement Park Worksheet For the Year Ended September 30, 2014 Trial Balance Dr. Adjusted Trial Balance Cr. Dr. Cr. Cash 42,408 Supplies 18,762 1,572 Prepaid Insurance Land 32,684
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