Archives: Solution Manual
Chapter 7 Homework Hypothesis Test Results Population Mean 2118 Ha
CHAPTER 7 │ HYPOTHESIS TESTING WITH ONE SAMPLE 277 26. (a) 0: 3500; : 3500 (claim) a HHµµ≤> (b) 3375 3500 1.57 225 8 x ts n µ−− == ≈− P-value = {Area to right of t = 1.57−} = […]
Chapter 7 Homework There us enough evidence to support the realtor’s claim that
CHAPTER Hypothesis Testing with One Sample Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall. 7 7.1 INTRODUCTION TO HYPOTHESIS TESTING 7.1 Try It Yourself Solutions 1a. (1) The mean is not 74 months. 74µ≠ (2) The variance is […]
Chapter 6 Homework proportion of successes for population method
240 CHAPTER 6 │ CONFIDENCE INTERVALS With 90% confidence, you can say that the population proportion of U.S. females ages 18-64 who say they have gone to the dentist in the past year is between 62.6% and 70.2%. With 95% […]
Chapter 6 Homework You are more likely to be correct using an interval estimate
CHAPTER Confidence Intervals 223 6 6.1 CONFIDENCE INTERVALS FOR THE MEAN (LARGE SAMPLES) 6.1 Try It Yourself Solutions 1a. 4155 138.5 30 x xn == = ∑ b. A point estimate for the population mean number of friends is 138.5. […]
Chapter 5 Homework Can use normal distribution unusual because its probability
208 CHAPTER 5 │ NORMAL PROBABILITY DISTRIBUTIONS d. 500, 0.05, 0.95 25 5, 475 5 np q np nq == = =≥ = ≥ Can use normal distribution. 29.5 25 0.92 4.87 x zµ σ −− =≈ ≈ ( 30) […]
Chapter 5 Homework while the mean of the sample means remains the same
CHAPTER 5 │ NORMAL PROBABILITY DISTRIBUTIONS 193 24. 100 30 : 800, 18.257 30 xx n n σ µσ== ==≈ 100 45 : 800, 14.907 45 xx n n σ µσ== ==≈ As the sample size increases, the standard error […]
Chapter 5 Homework The two curves will have the same shape because they
CHAPTER Normal Probability Distributions 173 5 5.1 INTRODUCTION TO NORMAL DISTRIBUTIONS AND THE STANDARD NORMAL DISTRIBUTION 5.1 Try It Yourself Solutions 1a. A: 45x=, B: 60x=, C: 45x= (B has the greatest mean.) b. Curve C is more spread out, […]
Chapter 4 Homework The Values And Would Unusual Because Their
CHAPTER 4 │ DISCRETE PROBABILITY DISTRIBUTIONS 155 28. (a) n = 5, p = 0.25 (b) x P(x) 0 0.237 1 0.396 2 0.264 3 0.088 4 0.015 5 0.001 Skewed right (c) (5)(0.25) 1.3np µ == ≈ 2(5)(0.25)(0.75) 0.9npq […]
Chapter 4 Homework The random variable is continuous because X can be any
CHAPTER Discrete Probability Distributions 137 4 4.1 PROBABILITY DISTRIBUTIONS 4.1 Try It Yourself Solutions 1a. (1) measured (2) counted b. (1) The random variable is continuous because x can be any speed up to the maximum speed of a space […]
Chapter 3 Homework Mutually Exclusive Person Who Wears Only Contacts
120 CHAPTER 3 │ PROBABILITY (c) P(2 or odd) = P(2) + P(odd) – P(2 and odd) 13 0 0.667 66 =+−≈ 19. (a) P(under 5) = 0.067 (b) P(not 65+) = 1 – P(65+) = 1 – 0.16 = […]
Chapter 3 Homework Yes The Probability Event Occurring Must Contained
CHAPTER Probability 103 3 3.1 BASIC CONCEPTS OF PROBABILITY AND COUNTING 3.1 Try It Yourself Solutions 1ab. (1) (2) c. (1) 6 outcomes (2) 12 outcomes d. (1) Let Y = Yes, N = No, NS = Not sure, M […]
Chapter 2 Homework because the mean is to the left of the median in a skewed
CHAPTER 2 │ DESCRIPTIVE STATISTICS 89 8. 9. The number of stories appears to increase with height. 10. 11. 12. Location Frequency Relative frequency Degrees At home 620 0.6139 221° At friend’s home 110 0.1089 39° At restaurant or bar […]
Chapter 2 Homework None The Z scores Are Unusual
CHAPTER 2 │ DESCRIPTIVE STATISTICS 75 Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall. 55a. Male: 1643x= x x x− 1520 123 1750 107 2120 477 1380 263 1982 339 1645 2 1033 610 1714 71 1992xx−= ∑ […]
Chapter 2 Homework The standard deviation is the positive square root of the variance
CHAPTER 2 │ DESCRIPTIVE STATISTICS 55 b. Salary, x (1000s of dollars) Deviation, x – µ (100s of dollars) 23 –18.5 29 –12.5 32 –9.5 40 –1.5 41 –0.5 41 –0.5 49 7.5 50 8.5 52 10.5 58 16.5 415x= […]
Chapter 2 Homework The Mean And Median Cannot Found Because
CHAPTER 2 │ DESCRIPTIVE STATISTICS 35 Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall. 23. Category Frequency, f Relative Frequency Angle United States 15 0.375 135° Italy 4 0.100 36° Ethiopia 1 0.025 9° South Africa 2 0.050 […]
Chapter 2 Homework Organizing the data into a frequency distribution may make
CHAPTER Descriptive Statistics 15 2 2.1 FREQUENCY DISTRIBUTIONS AND THEIR GRAPHS 2.1 Try It Yourself Solutions 1a. The number of classes is 8. b. Min = 35, Max = 89, Class width = Range Number of classes = 89 35 […]
Chapter 1 Homework Perform Observational Study Because You Want Observe
CHAPTER Introduction to Statistics Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall. 1 1.1 AN OVERVIEW OF STATISTICS 1.1 Try It Yourself Solutions 1a. The population consists of the prices per gallon of regular gasoline at all gasoline […]
Chapter 24 Homework Sales revenue and cost of goods sold receive the same
CA 24-8 (Continued) 2. The company’s revenue and expenses would be reported as follows on its quarterly report prepared for the first quarter of the 2012–2013 fiscal year: Sales revenue ………………………………………………………………………………. $60,000,000 Cost of goods sold ………………………………………………………………………… 36,000,000 Variable selling […]
Chapter 24 Homework Purpose to Provide The Student With Understanding Ethical
24–21 SOLUTIONS TO PROBLEMS PROBLEM 24-1 ALMADEN CORPORATION Balance Sheet December 31, 2012 Assets Long-term investments Investments in land …………….. 185,000 Cash surrender value of life insurance policy …………. 84,000 Cash restricted for plant expansion ……………………….. 300,000 569,000 Property, plant, […]
Chapter 24 Homework Fraudulent Financial Reporting Usually Occurs The Result
24-1 CHAPTER 24 Full Disclosure in Financial Reporting ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis * 1. The disclosure principle; type of disclosure. 2, 3 1, 2, 3 * 5. Discussion and analysis. […]
Chapter 23 Homework Noncash Investing And Financing Transactions Are Reported
23–61 SOLUTIONS TO CONCEPTS FOR ANALYSIS CA 23-1 (a) The main purpose of the statement of cash flows is to show the change in cash from one period to the next. Another objective of a statement of the type shown […]
Chapter 23 Homework Computation Net Cash Provided Used Investing Activities
23–21 EXERCISE 23-9 (20–30 minutes) (a) Sales …………………………………………………………………… $538,800 Deduct: Increase in accounts receivable, net of write-offs [$33,000 – ($30,000 – $3,800)] …………………… 6,800 Cash collected from customers …………………………….. $532,000 (c) Interest expense …………………………………………………… $ 4,300 Deduct: Decrease in unamortized […]
Chapter 23 Homework Cash Flows From Investing Activities Sale Plant
23-1 CHAPTER 23 Statement of Cash Flows ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Format, objectives purpose, and source of statement. 1, 2, 7, 8, 12 1, 2, 5, 6 4. Statement […]
Chapter 22 Homework Like Other Changes Accounting Principle Change Accounting
Copyright © 2011 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 14/e, Solutions Manual (For Instructor Use Only) 22–61 FINANCIAL REPORTING PROBLEM (a) New Pronouncements and Reclassifications P&G reported the following changes in accounting principles: FAIR VALUE MEASUREMENTS On July […]
Chapter 22 Homework Remaining Useful Life Years 4 Years Taken Depreciation
22–41 PROBLEM 22-5 (Continued) In 2012, the Company changed its method of pricing inventory from the last-in, first out (LIFO) to the average cost method in order to more fairly present the financial operations of the company. The financial statements […]
Chapter 22 Homework Computation of 2012 depreciation expense on the equipment
EXERCISE 22-7 (Continued) 5. Another acceptable presentation for the retained earnings statement for 2012 is: Retained earnings, January 1, as reported …………….. $125,000 Prior period adjustment—inventory error ………………. (20,000) Retained earnings, January 1, as adjusted …………….. 105,000 Add: Net Income […]
Chapter 22 Homework The Financial Statements The Year Which The
22-1 CHAPTER 22 Accounting Changes and Error Analysis ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Differences between change in 2, 4, 6, 7, 8 3 1, 2, 3, 4 2. Accounting changes: […]
Chapter 21 Homework Us GAAP For Leases Much More Rule based
21–80 FINANCIAL STATEMENT ANALYSIS CASE (a) The total obligations under capital leases at 12/26/2009 for Tasty Baking Company is $2,306,000 (the present value of the future lease payments). 1. The estimated life of the asset and the lease term may […]
Chapter 21 Homework Based The Given Facts Breton Has Entered
21–61 PROBLEM 21-12 (Continued) Partial Amortization Schedule (Annuity Due Basis) Date Lease Payment Executory Costs Interest (6%) on Lease Liability Reduction of Lease Liability Lease Liability (2) (12/31/14) Depreciation Expense …………………………………….. 190,000 Accumulated Depreciation—Capital Leases …………………………………………………. 190,000 (To record annual […]
Chapter 21 Homework The Amount Capitalized Represents The Completed Service
21–41 PROBLEM 21-3 (Continued) (e) WINSTON INDUSTRIES Lease Amortization Schedule Date Annual Lease Receipt/ Payment Interest on Receivable/ Liability at 8% Reduction in Receivable/ Liability Lease Receivable/ Liability Lessor (December 31, 2012) Interest Receivable ……………………………………. 206,882 Interest Revenue …………………………………. 206,882 […]
Chapter 21 Homework The First Situation Occurs When The Present
EXERCISE 21-7 (Continued) (d) 1/1/12 Lease Receivable ……………………….. 200,000* Cost of Goods Sold…………………….. 144,654** Sales Revenue …………………….. 194,654*** Inventory …………………………….. 150,000 * *($41,452 X 4.6959) + ($10,000 X .53464) **$150,000 – ($10,000 X .53464) ***$41,452 X 4.6959 Cash …………………………………………… 41,452 […]
Chapter 21 Homework Understand and apply lease accounting concepts to various
21-1 CHAPTER 21 Accounting for Leases ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis *3. Disclosure of leases. 19 2, 4, 5, 7, 8 2, 3, 5 *4. Lessors; classification of leases; accounting by […]
Chapter 20 Homework Because Gains And Losses May Reflect Refinements
FINANCIAL REPORTING PROBLEM (Continued) Asset Allocation at June 30 Pension Benefits Other Retiree Benefits Asset Category 2009 2009 Equity securities 42% 93% Debt securities 51% 7% Cash 6% —% Real estate 1% —% Total 100% 100% These allocations appear in-line […]
Chapter 20 Homework Pension Expense The Amount Recognized Employers Financial
PROBLEM 20-9 (a) See worksheet on next page. (b) December 31, 2012 Other Comprehensive Income (G/L) …………………. 24,000 Pension Expense ……………………………………………. 334,000 Cash ……………………………………………………….. 200,000 Pension Asset /Liability …………………………….. 158,000 (c) See worksheet on next page. The entry is below. […]
Chapter 20 Homework the projected benefit obligation or the fair value of the plan
Time and Purpose of Problems (Continued) Problem 20-12 (Time 35–45 minutes) Purpose—to provide a problem that requires preparation of a worksheet, journal entries, and indicates financial statement presentation. *Problem 20-13 (Time 30–35 minutes) Purpose—to provide a problem that requires preparation […]
Chapter 20 Homework Expected Future Years Service Average Remaining Service
EXERCISE 20-9 (Continued) (c) Accumulated OCI at December 31, 2012 is $255,680; this amount is comprised of the following: PSC Gain/Loss Balance Jan. 1, 2012* $252,000 Dr. $ 0 Amortization of PSC 42,000 Cr. — Actuarial loss 45,680 Dr. Balance […]
Chapter 20 Homework Employers Grant Retroactive Benefits Because They Expect
20-1 CHAPTER 20 Accounting for Pensions and Postretirement Benefits ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Basic definitions and concepts related to pension plans. 1, 2, 3, 4, 5, 6, 7, 8, […]
Chapter 19 Homework The More Negative Evidence That Exists The
19–79 FINANCIAL REPORTING PROBLEM (a) 1. Per P&G’s 2009 income statement: Provision for income taxes ………………………. $ 4,032 million 2. Per P&G’s June 30, 2009 balance sheet: In current assets: 3. Per P&G’s 2009 statement of cash flows: In cash […]
Chapter 19 Homework Problem 196 Temporary Difference Future Taxable Deductible
PROBLEM 19-6 1. Temporary Difference Future Taxable (Deductible) Amounts Tax Rate Deferred Tax (Asset) Liability 2013 $ 300 30%a $ 90 2014 300 30%b 90 2015 300 30%c 90 2016 300 35%d 105 2016 (1,600) 35%d $(560) 2017 300 35%e […]
Chapter 19 Homework in a year in which there is a change in the amount of cumulative
19–41 EXERCISE 19-22 (Continued) Deferred tax liability at the end of 2012 ……………………… $ 17,000 Deferred tax liability at the beginning of 2012 ……………. 0 Deferred tax expense for 2012 (increase required in deferred tax liability) …………………………… $ 17,000 (b) […]
Chapter 19 Homework The warranty is classified as current because the related liability
19–21 EXERCISE 19-8 (10–15 minutes) (a) 2012 Income Tax Expense ……………………………………… 336,000 Deferred Tax Asset ($20,000 X 40%) ……………….. 8,000 Deferred Tax Liability ($30,000 X 40%) ……….. 12,000 Income Taxes Payable ($830,000 X 40%) ……. 332,000 (b) Current assets Deferred […]
Chapter 19 Homework Pretax Financial Income Interest Income Municipal Bonds
19-1 CHAPTER 19 Accounting for Income Taxes ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Reconcile pretax financial income with taxable income. 1, 13 1, 2, 3, 4, 5, 12, 18, 20, 21 […]
Chapter 18 Homework Both methods attempt to report revenues that faithfully
18–94 ACCOUNTING, ANALYSIS, AND PRINCIPLES Accounting Sales revenue ………………………………………………………………….. $9,500,000 Expenses ………………………………………………………………………… 7,750,000 * Gross profit from long-term contract Contract price ……………………………………….. $1,000,000 Costs: Costs to date (2011 and 2012)………….. $400,000 Estimated additional costs ……………… 400,000 800,000 Total estimated profit […]
Chapter 18 Homework Since Her Immediate Supervisor Involved The Situation
18–81 CA 18-4 (a) Income results from economic activity in which one entity furnishes goods or services to another. To warrant revenue recognition, the earnings process must be substantially complete and there must be a change in net assets that […]
Chapter 18 Homework Purpose to Provide The Student Opportunity Explain How
18–61 PROBLEM 18-13 (Continued) Balance at repossession ………….. $360* Gross profit (40% X $360) ………… (144) Book value ……………………………… 216 Value of repossessed merchandise ……………………….. (100) Loss on repossession ……………… $116 *$30 X (20 payments – 8 payments) = $360 […]
Chapter 18 Homework Problem 186 Continued Alternative Revenue Recognized 2014
18–41 PROBLEM 18-1 (Continued) Dement Publishing Division Sales—fiscal 2012 …………………………………………………. $7,000,000 Less: Sales returns and allowances (20%) ……………… 1,400,000 Net sales—revenue to be recognized in fiscal 2012 …. $5,600,000 Ankiel Securities Division Revenue for fiscal 2012 = $5,200,000. The revenue […]
Chapter 18 Homework This Treatment Criticized Because There Obligation Outsiders
EXERCISE 18-7 (Continued) 2. 6/3 Accounts Receivable (Ann Mount) ………… 7,840 Sales Revenue [$8,000 – (2% X $8,000)] ………………. 7,840 6/5 Sales Returns and Allowances ……………… 588 Accounts Receivable (Ann Mount) [$600 – (2% X $600)] ……………………. 588 6/7 Freight-Out […]
Chapter 18 Homework The Dollar Amount Difference Between The Construction
18-1 CHAPTER 18 Revenue Recognition ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis *1. Realization and recognition; sales transactions; high rates of return. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 12, […]
Chapter 17 Homework Coca-Cola’s cash used for acquisitions and investments
17–80 COMPARATIVE ANALYSIS CASE THE COCA-COLA COMPANY and PEPSICO, INC. (a) Coca-Cola PepsiCo (1) Cash used in investing activities $(4,149) $(2,401) (2) Cash used for acquisitions and investments $ (300) $ (500) (b) (1) Coca-Cola reported the $6,217 million of […]
Chapter 17 Homework Memo entry to indicate entering into the futures contract
17–61 *PROBLEM 17-15 (a) January 7, 2012 Put Option ……………………………………………………… 360 Cash ………………………………………………………… 360 (b) March 31, 2012 (d) July 6, 2012 Put Option ($5 X $400) …………………………………….. 2,000 Unrealized Holding Gain or Loss—Income …. 2,000 Unrealized Holding Gain or […]