Question 1
Assignment : Financial Statement / Audit Report Review Due Select a local government in your state and review the financial statements and audit report for the county or municipality. The financial statements of the government selected should have at least three funds. Write a three to four 2-3 page paper in which you: Analyze the method of accounting used for the general fund and all other funds in existence by the government. Evaluate the reasoning for the use of the method of accounting for each of the funds as required by GAASB. Assess the application and compliance of GASB Statement 34, Basic Financial Statements and Management Decisions and Analysis for State and Local Governments to each of the funds. Evaluate management?s discussion and analysis (MD&A). In your evaluation, analyze the significant information in the MD&A and how the information contributed to the clarity of the financial statements. From your analysis of financial statements, identify and analyze information that should be included in the statements. Determine whether the entity?s financial position improved or deteriorated during the reporting period. Speculate on the causes from your review of the financial statements. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student?s name, the professor?s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Evaluate the financial reporting of state and local governments and assess the reporting requirements in accordance with governmental accounting standards board (GASB). Use technology and information resources to research issues in government and not-for-profit accounting. Write clearly and concisely about government and not-for-profit accounting using proper writing mechanics
Question 2
The Bureau of Labor Statistics? American Time Use Survey showed that the amount of time spent using a computer for leisure varied greatly by age. Individuals age 75 and over averaged .25 hour (15 minutes) per day using a computer for leisure. Individuals ages 15 to 19 spend .9 hour per day using a computer for leisure. If these times follow an exponential distribution, find the proportion of each group that spends: rev: 10_13_2011 1. value: 10 points (a) Less than 14 minutes per day using a computer for leisure. (Round your answers to 4 decimal places.) Proportion and rev: 10_13_2011 check my workeBook LinkView Hint #1 2. value: 10 points (b) More than two hours. (Round your answers to 4 decimal places.) Proportion and rev: 10_13_2011 check my workeBook LinkView Hint #1 3. value: 10 points (c) Between 28 minutes and 84 minutes using a computer for leisure. (Round your answers to 4 decimal places.) Proportion and rev: 10_13_2011 check my workeBook LinkView Hint #1 4. value: 10 points (d) Find the 25th percentile. Seventy five percent spend more than what amount of time? (Round your answers to 2 decimal places.) Amount of time for individuals age 75 and over minutes Amount of time for individuals ages 15 to 19 minutes rev: 10_13_2011 5. value: 10 points A study of long-distance phone calls made from the corporate offices of General Electric revealed the length of the calls, in minutes, follows the normal probability distribution. The mean length of time per call was 3.5 minutes and the standard deviation was 0.70 minutes. (a) What fraction of the calls last between 3.5 and 4 minutes? (Round z-score computation to 2 decimal places and your final answer to 4 decimal places.) Fraction of calls (b) What fraction of the calls last more than 4 minutes? (Round z-score computation to 2 decimal places and your final answer to 4 decimal places.) Fraction of calls (c) What fraction of the calls last between 4 and 5 minutes? (Round your answer to 4 decimal places.) Fraction of calls (d) What fraction of the calls last between 3 and 5 minutes? (Round z-score computation to 2 decimal places and your final answer to 4 decimal places.) Fraction of calls (e) As part of her report to the president, the director of communications would like to report the length of the longest (in duration) 3 percent of the calls. What is this time? (Round z-score computation to 2 decimal places and your final answer to 2 decimal places.) Duration 6. value: 10 points According to the South Dakota Department of Health, the mean number of hours of TV viewing per week is higher among adult women than men. A recent study showed women spent an average of 39 hours per week watching TV and men 33 hours per week. Assume that the distribution of hours watched follows the normal distribution for both groups, and that the standard deviation among the women is 4.7 hours and is 5.3 hours for the men. (a) What percent of the women watch TV less than 43 hours per week? (Round z-score computation to 2 decimal places and your final answer to 4 decimal places.) Probability (b) What percent of the men watch TV more than 30 hours per week? (Round z-score computation to 2 decimal places and your final answer to 4 decimal places.) Probability (c) How many hours of TV do the two percent of women who watch the most TV per week watch? Find the comparable value for the men. (Round your answers to 3 decimal places.) Number of hours Women Men 7. value: 10 points According to a government study among adults in the 25- to 34-year age group, the mean amount spent per year on reading and entertainment is $1,896. Assume that the distribution of the amounts spent follows the normal distribution with a standard deviation of $596. (Round z-score computation to 2 decimal places and your final answer to 2 decimal places. Omit the "%" sign in your response.) (a) What percent of the adults spend more than $2,350 per year on reading and entertainment? Percent % (b) What percent spend between $2,350 and $2,800 per year on reading and entertainment? Percent % (c) What percent spend less than $1,150 per year on reading and entertainment? Percent % 8. value: 10 points The net sales and the number of employees for aluminum fabricators with similar characteristics are organized into frequency distributions. Both are normally distributed. For the net sales, the mean is $180 million and the standard deviation is $25 million. For the number of employees, the mean is 1,500 and the standard deviation is 120. Clarion Fabricators had sales of $170 million and 1,850 employees. (a) Convert Clarion's sales and number of employees to z values. (Negative amount should be indicated by a minus sign. Round your answers to 2 decimal places.) z value Net sales Employees ________________________________________ (b) Interpret the z values obtained in Req 1. (Round your answers to 2 decimal places.) Net sales are standard deviations the mean. Employees is standard deviations the mean. (c) Compare Clarion's sales and number of employees with those of the other fabricators. (Round your answers to 2 decimal places. Omit the "%" sign in your response.) % of the aluminum fabricators have greater net sales compared with Clarion. Only % have more employees than Clarion. 9. value: 10 points The accounting department at Weston Materials Inc., a national manufacturer of unattached garages, reports that it takes two construction workers a mean of 32 hours and a standard deviation of 2 hours to erect the Red Barn model. Assume the assembly times follow the normal distribution. (a-1) Determine the z values for 29 and 34 hours. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) 29 hours corresponds to Z 34 hours corresponds to Z ________________________________________ (a-2) What percent of the garages take between 32 hours and 34 hours to erect? (Round your answer to 2 decimal places. Omit the "%" sign in your response.) Percentage % (b) What percent of the garages take between 29 hours and 34 hours to erect? (Round your answer to 2 decimal places. Omit the "%" sign in your response.) Percentage % (c) What percent of the garages take 28.7 hours or less to erect? (Round your answer to 2 decimal places. Omit the "%" sign in your response.) Percentage % (d) What is the value that separates the 5% of the garages that take the longest to erect? (Round your answer to 1 decimal place.) Hours 10. value: 10 points Fast Service Truck Lines uses the Ford Super Duty F-750 exclusively. Management made a study of the maintenance costs and determined the number of miles traveled during the year followed the normal distribution. The mean of the distribution was 60,000 miles and the standard deviation 2,000 miles. (Round z-score computation to 2 decimal places and your final answer to 2 decimal places. Omit the "%" sign in your response.) (a) What percent of the Ford Super Duty F-750s logged 65,200 miles or more? Percent % (b) What percent of the trucks logged more than 57,060 but less than 58,280 miles? Percent % (c) What percent of the Fords traveled 62,000 miles or less during the year? Percent % 11. value: 10 points The Cincinnati Enquirer, in its Sunday business supplement, reported that the mean number of hours worked per week by those employed full time is 43.9. The article further indicated that about one-third of those employed full time work less than 40 hours per week. (a) Given this information and assuming that number of hours worked follows the normal distribution, what is the standard deviation of the number of hours worked? (Round z value to 2 decimal places and your final answers to 2 decimal places.) Standard deviation (b-1) The article also indicated that 20 percent of those working full time work more than 49 hours per week. Determine the standard deviation with this information. (Round z value to 2 decimal places and your final answers to 2 decimal places.) Standard deviation (b-2) Are the two estimates of the standard deviation similar? (b-3) What would you conclude?
Question 3
I need assistance in preparing the below question. Could you show me the steps that you use to get the answer? Need some extra guidance. Thanks so much! I need this answer no later than noon tomorrow. Please advise me if this cannot be done. The following year-end adjusted trial balance is for Tom Janes Co. at the end of December 31. The credit balance in Tom Janes, Capital at the beginning of the year, January 1, was $320,000. The owner, Tom Janes, invested an additional $300,000 during the current year. The land held for future expansion was also purchased during the current year. Cash $90,000 Accounts receivable $18,000 Prepaid Insurance $ 6,000 Office supplies $ 2,000 Investment in stocks $150,000 Land Held for future expansion $300,000 Office Equipment $ 18,000 Accumulated depreciation-Equipment $4,000 Building $350,000 Accumulated depreciation $170,000 Land $250,000 Intangible assets- $ 50,000 licensing agreement Accounts payable $17,800 Salaries payable $ 8,500 Interest payable $ 7,900 Long-term note payable $224,000 Tom James, Capital $620,000 Tom James, Withdrawals $60,000 Service fees earned $470,800 Salaries expense $180,000 Insurance expense $12,000 Rent expense $25,000 Depreciation expense-Equip. $ 2,000 Depreciation expense-Building $10,000 Totals $1,523,000 $1,523,000 Required: Prepare a classified year-end balance sheet. (Note: A $22,000 installment on the long-term note payable is due within one year.) Required: Prepare a classified year-end balance sheet. (Note: A $22,000 installment on the long-term note payable is due within one year.)
Question 4
A. suppose Asset A has an expected return of 10% and a standard deviation of 20%. Asset B has an expected return of 16% and a standard deviation of 40%. I f the correlation between A and B is 0.35, what are the expected return and standard deviation for a portfolio consisting of 30% Asset A and 70% Asset B? B. Plot the attainable portfolios for a correlation of 0.35. Now plot the attainable portfolios for correlations +1.0 and -1.0. C. Suppose a risk-free asset has an expected return of 5%. By definition, its standard deviation is zero, and its correlation with any other asset is also zero. Using only Asset A and the risk-free asset, plot the attainable portfolios. D. Construct a plausible graph that shows risk (as measured by portfolio standard deviation) on the x-axis and expected rate of return on the y-axis. Now add an illustrative feasible (or attainable) set of portfolios and show what portion of the feasible set is efficient. What makes a particular portfolio efficient? Don?t worry about specific values when constructing the graph ? merely illustrate how things look with ?reasonable? data. E. Add a set of indifference curves to the graph created for part b. What do these curves represent? What is the optimal portfolio for this investor? Add a second set of indifference curves that leads to the selection of a different optimal portfolio. why do the two investors choose different portfolios?,Hi, I am unable to view the answers for A - C. VR Jo ANn
Question 5
True or False 1) The economic, legal, ethical, and philanthropic responsibilities that comprise Carroll's social responsibility pyramid apply only to organizations.( ) 2) Attitudes about ethical behaviors and practices are universal across cultures.( ) 3) Ethics are principles of right and wrong that influence behavior.( ) 4) A situation in which people have to decide whether to pursue an action that may benefit them or their organization but which is unethical or illegal is called double jeopardy.( ) 5) Illegal use of private company information to further one's own fortunes or those of family and friends is called backroom dealing.( ) 6) Enhancing your personal wealth through insider trading may be unethical, but it is not illegal. ( ) 7) Signing the MBA oath is required of every U.S. student upon completion of graduate study in business.( ) 8) Written standards guiding employees on appropriate ways to treat stakeholders and prohibiting conflicts of interest are called a code of ethics.( ) 9) Compliance-based ethics codes enable responsible employee conduct mainly by creating a supportive environment for such behavior.( ) 10) Companies that prevent employee criminal misconduct through control and punishment often utilize compliance-based ethics codes.( ) 11) Marcia is the ethics officer at her company. Her job is to ensure that values initiatives and compliance activities take precedence in the company's decision-making processes.( ) 12) A whistleblower who reports misconduct to authorities is someone within the offending organization.( ) 13) An arrangement in which cash from newer investors is used to pay off older investors is called multilevel marketing.( ) 14) Under the Sarbanes-Oxley Act of 2002, whistleblowers are protected from retaliation by their employers.( ) 15) Only large corporations should be concerned with practicing social responsibility.( ) 16) A company cannot succeed by doing social good.( ) 17) Blended value measures the outcome of all business investments in both economic and social realms.( ) 18) A systematic assessment of a company's performance in implementing socially responsible programs is called a blended value audit.( ) 19) The positions a company takes on political and social issues are documented in its code of ethics.( ) 20) Cause-related marketing involves a partnership between a business and a nonprofit organization.( ) 21) Social entrepreneurship is limited to the nonprofit sector.( ) 22) Sustainability focuses on both the present and the future.( ) 23) Illegal behavior can impact a company's profits.( ) 24) Business ethics do not impact investor behavior.( ) 25) Stockholders who resent a company's social responsibility activities are logically focused on maximizing their profits.( ) 26) Sweatshops do not exist in the United States.( ) 27) Participating in community activities offers no marketing or promotional value for a business.( ) 28) The Global Compact promoting social and environmental practices for business was established by the United Nations.( ) 29) Global climate change has no impact on economic development.( ) 30) Members of the Millennial generation are generally passive and uninvolved in social issues.( )
