Question4:AngusReidStrategiessurveyed1016Canadianadults(assumea50/50splitbetween menandwomen)andfoundthat65%ofmenand45%ofwomensupportscrappingthepenny.a) Constructa90%confidenceintervalforthedifferenceinsupportforscrappingthepennybetweenmenandwomen.b) Constructa99%confidenceintervalforthedifferenceinsupportbetweenmenandwomen.c) Interpretthemeaningofthefactthatoneoftheseconfidenceintervalsiswiderthantheother.Question5:In2008,aGallupPollasked2336U.S.adultsaged18oroverhowtheyratedeconomicconditions.InapollconductedfromJanuary27throughFebruary1,2008,24%ratedtheeconomyasExcellent/Good.ArecentmediaoutletclaimedthatthepercentageofAmericanswhofelttheeconomywasinExcellent/Goodshapewas,infact,28%.DoestheGallupPollsupportthisclaim?a) Finda95%confidenceintervalforthesampleproportionofU.S.adultswhoratedtheeconomyasExcellent/Good.Checkconditions.b) Doesyourconfidenceintervalprovideevidencetosupporttheclaim?c) Whatisthesignificancelevelofthetestinpartb)?Explain.Question6:ThesameGallupPolldatafromQuestion5alsoreportedthat33%ofthosesurveyedratedtheeconomyasPoor.Thesamemediaoutletclaimedthetrueproportiontobe30%.DoestheGallupPollsupportthisclaim?a) Finda95%confidenceintervalforthesampleproportionofU.S.adultswhoratedtheeconomyasPoor.Checkconditions.b) Doesyourconfidenceintervalprovideevidencetosupporttheclaim?c) Whatisthesignificancelevelofthetestinpartb)?Explain.Question7:Acompanywithalargefleetofcarshopestokeepgasolinecostsdownandsetsagoalofattainingafleetaverageofatleast26milespergallon.Toseeifthegoalisbeingmet,thecompanychecksthegasolineusagefor50companytripschosenatrandom,findingameanof25.05mpgandastandarddeviationof4.83mpg.Isthisstrongevidencethatthecompanyhasfailedtoattainitsfueleconomygoal?a) Writeappropriatehypotheses.b) Arethenecessaryassumptionstoperforminferencesatisfied?c) TestthehypothesisandfindthePvalued) ExplainwhatthePvaluemeansinthiscontext.e) Stateanappropriateconclusion.Question8:During200811,ViaRailinstallednewpassingtracksandaCentralizedTrafficControlsystemonthelinebetweenKingstonandOttawainordertoreducedelays.Supposethat,beforetheimprovements,trainsbetweenKingstonandOttawawereonaverage12.4minuteslate.Aftertheimprovements,aconsumergroupmonitoreddelaysduringaperiodofthreemonths.Forarandomsampleof35trains,itfoundtheaveragedelaytobe6.2minuteswithastandarddeviationof8minutes.Theimprovementsreduceddelaysbyhalf,theyclaimed.a) Haveaveragedelaysbeenreduced?StateyourhypothesesandcalculateaPvalue.Stateanyassumptionsyouremakingandwhethertheyrelikelytobetrue.b) Calculatethe95%confidenceintervalforthedelaysaftertheimprovements,assumingtheconditionsaresatisfied.Commentonvalidityofyourconfidenceinterval.c) Commentontheethicsoftheconsumergroupsstatement.
Discussion Questions1.(LO1)Discuss the difference between gain realization and gain recognition in a property transaction.2.(LO1)What information must a taxpayer gather to determine theamount realizedin a property transaction?3.(LO1)Distinguish between exclusion and deferral as it relates to a property transaction.4.(LO1)Discuss how a taxpayerâs tax basis in property received in a property transaction will be affected based on whether […]
INDIVIDUAL TAX RETURN PROBLEMUse the following information to complete Paige Turners 2012 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps.Any required forms, schedules, and instructions can be found at the IRS Web site (www.irs.gov).The instructions can be helpful in completing the forms.Facts:1. Paige Turner is single and […]
Part A MULTIPLE CHOICE and TRUE/FALSE (1 mark each x 15 questions = 15 marks).Choose the one alternative that best completes the statement or answers thequestion.1. The globalization of business activity has resulted in which of the following?a. Increased corruption and unethical behavior.b. The FASB and IASB working jointly on a project to converge accounting […]
23.Enrollment in a particular class for the last four semesters has been 115, 120, 110, and 130. Suppose a one-semester moving average was used to forecast enrollment (this is sometimes referred to as a naïve forecast). Thus, the forecast for the second semester would be 115, for the third semester it would be 120, and […]
Rockford Corporation is a wholesale plumbing supply distributor. The corporation was organizedin 1981, under the laws of the State of Illinois, with an authorized capitalization of 10,000 sharesof no-par common stock with a stated value of $30 per share. The common stock is sold over thethe counter in the local area. You have been hired […]
For the following cases:(1) Cite your sources, for example, âasc.fasb.org 505-30-25-3â.(2) Answer the question being asked as clearly and concisely as possible. Bethorough but donât write the next âGreat American Novelâ.CASE #1Mead Motors purchases an automobile for its new car inventory from Generous Motors. GenerousMotors finances this transaction through its financial subsidiary, Generous Motors Credit […]
Directions for Submitting Your Instructor Graded Assignment You must show your work on all problems. You may type your answer right into this document. Total points for project: 45 points. Projects must be submitted as a Microsoft Word document and uploaded to the Dropbox for Unit 7. All Projects are due by Tuesday at 11:59 […]
Instructions: Please show all work or points will be taken off. Good luck!1. (25 points – 5 points each part)a. On the Colbert Report, March 17, 2008, Stephen Colbert makes fun of the fact that the unemployment rate fell even though less people are working (feel free to Google it). Using the formula for the […]
week 1Hanna owned a Honda and sometimes had work done on it at Henryâs Garage. One day she drove up with a flat tire, parked her car beside the garage, and called to Henry that she had a flat tire and would be back in an hour. Henry fixed the tire. Hanna refused to pay, […]
