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MAT 101 Study Guide

Course: MAT 101, Spring 2012
School: DeVry Houston
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ACCURATE PLEASE ANSWERS......THANK YOU.. 1) Why is a null hypothesis said to be implied? a) It's always directly tested. b) It can never be directly tested. c) You do not need to test it to know that it is false. d) It is stated in a question form. 2) What use do secondary sources provide? a) finding a scholarly summary of research b) finding further sources of research c) sometimes citing in your...

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ACCURATE PLEASE ANSWERS......THANK YOU.. 1) Why is a null hypothesis said to be implied? a) It's always directly tested. b) It can never be directly tested. c) You do not need to test it to know that it is false. d) It is stated in a question form. 2) What use do secondary sources provide? a) finding a scholarly summary of research b) finding further sources of research c) sometimes citing in your literature review d) all of the above 3) Which source allows the researcher to locate articles which cite a specific article? a) Educational Resources Information Center b) Social Sciences Citation Index c) Psychological Abstracts d) Child Development Abstracts and Bibliography 4) Two trained professionals observe the behavior of children in a class room. They each rate observed behaviors using the same form and the number of items that were rated the same is calculated. This is an example of which type of reliability? a) parallel reliability b) test retest reliability c) inter rater reliability d) none of the above 5) What is the name of the individual credited with devising levels of measurement in which different measurement outcomes can be classified? a) Binet b) Stevens c) Cattell d) Wechsler 6) Which of the following is NOT a measure of the degree of spread or dispersion of scores? a) standard deviation b) range c) mode d) variance 7) Which measure would be used to determine the average age of college freshmen? a) mean b) mode c) median d) standard deviation 8) In order to determine the critical value, which two pieces of information are needed? a) mean and sample size b) degrees of freedom and level of significance c) mean and standard deviation d) degrees of freedom and variance 9) Which of the following is the potential weakness of survey inter viewing? a) interviewer bias b) minimal sample size c) only one contact is made with subjects d) generalizability with large samples 10) In a study, the correlation coefficient W for and X is 0.25. The correlation coefficient for X and Y is 0.20. The coefficient of determination for X and Z is 0.16. The coefficient of alienation for Y and Z is 0.90. Which pair of variables has the highest amount of variance accounted for? a) X and Y b) X and Z c) Y and Z d) W and X 11) If you square a correlation coefficient and subtract this number from 1.00, what is the result? a) the coefficient of alienation b) the coefficient of determination c) the amount of variance NOT explained by the variance in each variable d) both a and c 12) Dr. Evans was surprised that many of his participants scored much lower than expected on his pretest. When he observed a significant increase in scores on the posttest, he was cautious in attributing the effect to his treatment alone. Which of the following threats to internal validity was Dr. Evans concerned about? a) instrumentation b) selection c) regression d) testing 13) Which section of a proposal describes the subjects used in a study in the greatest detail? a) introduction b) method c) literature review d) implications and limitations 14) Which section of a proposal discusses the possible future uses for the research? a) introduction b) method c) literature review d) implications and limitations 15) In a prepared manuscript, which of the following comes first? a) tables b) title page c) references d) abstract 16_ Which section of a manuscript gives a summary of the contents, including the purpose, a description of the participants, the re sults, and any conclusions being offered? a) introduction b) discussion c) abstract d) method 17) Which section presents the specific statistical procedures used along with the results of these procedures? a) discussion b) method c) results d) introduction 18) What guidelines do most journals in the social and behavioral sciences follow? a) Index Medicus b) American Psychological Association c) Society of Psychiatric Journals d) Modern Language Association
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DeVry Houston - MAT - 101
1. Choose the value below that is the Mean (to two decimal places). (Points : 8) Mean: 4.87 Mean: 15.00 Mean: 12.18 Mean: 6.27 2. Choose the value below that is the Median (to two decimal places). (Points : 8) Median: 15.17 Median: 12.18 Median: 4.87 Medi
DeVry Houston - ACC - 553
1. (LO4) Using the facts in the previous problem, what interest rate does Surething, Inc., need to offer to make Hugh indifferent between investing in the two bonds? To be indifferent between investing in the two bonds, the Surething, Inc. bond should pro
DeVry Houston - ACC - 553
The taxable income for a U.S. Individual Tax Return is calculated by taking the total income reported on Form 1040, Form 1040A or Form 1040 EZ less allowable deductions. Pursuant to IRS rules, the term income is broadly defined. Most business expenses are
DeVry Houston - ACC - 553
To: Mr. James Brossard From: Brian Gilbert, CPA Executive Summary On July 23rd, you provided our office with U.S. Internal Revenue (IRS) notices pertaining to your complaint that you were required to pay fines and penalties to the IRS for the tax year end
DeVry Houston - ACC - 553
THE POWER TO PRODUCE EFFECT OR INTENDED RESULTCOLLINS ACCOUNTING SERVICESINTEGRITY, EFFICACY, EXPERIENCE4/25/12To: John Smith, Jane Smith From: Leisha Collins, CPA, CTP On February 26, 2012, subsequent to the recent influx of cash, received by Mr. Joh
DeVry Houston - ACC - 205
1. The following data is available: Net sales, first month Normal gross profit Beginning inventory Net purchases$13,00 0 45% 8,000 7,000 Using the gross profit method, the Cost of goods sold would be: (Points : 1) $15,000. $ 7,150. $ 7,850. $ 5,850. Non
DeVry Houston - ACC - 505
I.II.III.IV. V. VI. VII.VIII. IX.Introduction to Balance Sheet a. Assets, Liabilities & Equity b. Current Assets c. Inventory d. Direct Labor, Direct Materials, & Manufacturing Overhead Introduction to Income Statement a. Sales b. Cost of Goods Sold
DeVry Houston - ACC - 505
Part F77 is used in one of Wilcutt Corporation's products. The company's Accounting Department reports the following costs of producing the 7,000 units of the part that are needed every year. Direct Materials $7.00 Direct Labor $6.00 Variable Overhead $5.
DeVry Houston - ACC - 505
Part F77 is used in one of Wilcutt Corporation's products. The company's Accounting Department reports the following costs of producing the 7,000 units of the part that are needed every year. Direct Materials $7.00 Direct Labor $6.00 Variable Overhead $5.
DeVry Houston - ACC - 505
Durmmer Corporation Income Statement For the Year Ended December 31, 20XX Sales $800,000 Less: Variable Expenses $440,000 Contribution Margin $360,000 Less: Fixed Manufacturing Expenses $248,000 Less: Fixed Selling & Administrative Expenses $184,000 Net O
DeVry Houston - ACC - 505
Durmmer Corporation Income Statement For the Year Ended December 31, 20XX Sales $800,000 Less: Variable Expenses $440,000 Contribution Margin $360,000 Less: Fixed Manufacturing Expenses $248,000 Less: Fixed Selling & Administrative Expenses $184,000 Net O
DeVry Houston - ACC - 505
Manning Co. manufactures and sells trophies for winners of athletic and other events. Its manufacturing plant has the capacity to produce 18,000 trophies each month; current monthly production is 15,300 trophies. The company normally charges $141 per trop
DeVry Houston - ACC - 505
A customer has asked Clougherty Corporation to supply 4,000 units of product M97, with some modifications, for $40.10 each. The normal selling price of this product is $48.00 each. The normal unit product cost of product M97 is computed as follows: Direct
DeVry Houston - ACC - 505
Fouch Company makes 30,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: How much of the unit product cost of $52.30 is relevant in the decision of whether to make or buy the p
DeVry Houston - ACC - 505
Thews Corporation Income Statement (Contribution Margin Format) For the Month Ended June 30, 20XX Sales $480,000 Less: Variable Expenses $202,000 Contribution Margin $278,000 Less: Fixed Manufacturing Expenses $158,000 Less: Fixed Selling & Administrative
DeVry Houston - ACC - 505
Thews Corporation Income Statement (Contribution Margin Format) For the Month Ended June 30, 20XX Sales $480,000 Less: Variable Expenses $202,000 Contribution Margin $278,000 Less: Fixed Manufacturing Expenses $158,000 Less: Fixed Selling & Administrative
DeVry Houston - ACC - 505
Tjelmeland Corporation Income Statement For the Year Ended December 31, 20XX Sales $360,000 Less: Variable Expenses $158,000 Contribution Margin $202,000 Less: Fixed Manufacturing Expenses $119,000 Less: Fixed Selling & Administrative Expenses $94,000 Net
DeVry Houston - ACC - 505
Tjelmeland Corporation Income Statement For the Year Ended December 31, 20XX Sales $360,000 Less: Variable Expenses $158,000 Contribution Margin $202,000 Less: Fixed Manufacturing Expenses $119,000 Less: Fixed Selling & Administrative Expenses $94,000 Net
DeVry Houston - ACC - 505
a. What is the division's margin? Margin = Net Operating Income Sales Margin = $1,170,000 $30,000,000 Margin = 3.9% b. What is the division's turnover? Turnover = Sales Average Operating Assets Turnover = $30,000,000 $8,000,000 Turnover = 3.75 c. What is
DeVry Houston - ACC - 505
a. What is the division's margin? Margin = Net Operating Income Sales Margin = $1,170,000 $30,000,000 Margin = 3.9% b. What is the division's turnover? Turnover = Sales Average Operating Assets Turnover = $30,000,000 $8,000,000 Turnover = 3.75 c. What is
DeVry Houston - ACC - 505
a. What is the division's return on investment (ROI)? Return on Investment (ROI) = Net Operating Income Average Operating Assets Return on Investment (ROI) = $1,453,760 $8,000,000 Return on Investment (ROI) = 18.2% b. What is the division's residual incom
DeVry Houston - ACC - 505
a. What is the division's return on investment (ROI)? Return on Investment (ROI) = Net Operating Income Average Operating Assets Return on Investment (ROI) = $1,453,760 $8,000,000 Return on Investment (ROI) = 18.2% b. What is the division's residual incom
DeVry Houston - ACC - 505
Seebach Corporation Income Statement (Contribution Margin Format) For the Month Ended June 30, 20XX By Total Sales $1,410,000 Less: Variable Expenses $718,000 Contribution Margin $692,000 Less: Traceable Fixed Expenses $205,000 Segment Margin $487,000 Les
DeVry Houston - ACC - 505
Seebach Corporation Income Statement (Contribution Margin Format) For the Month Ended June 30, 20XX By Total Sales $1,410,000 Less: Variable Expenses $718,000 Contribution Margin $692,000 Less: Traceable Fixed Expenses $205,000 Segment Margin $487,000 Les
DeVry Houston - ACC - 505
Springfield Express is a luxury passenger carrier in Texas. All seats are first class, and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $160 A
DeVry Houston - ACC - 505
Calculation of Raw Materials Inventory Lost Beginning Balance, Raw Materials Add: Purchases of Raw Materials Less: Materials Used in Production Ending Balance, Raw Materials Calculation of Work in Process Inventory Lost Direct Materials (Materials Used in
DeVry Houston - ACC - 505
PROJECT A - Case 9-30Student Name:Emily Scarborough1.a. SALES BUDGET:April65,000$10$650,000Budgeted unit salesSelling price per unitTotal Sales1.b.SCHEDULE OF EXPECTED CASH COLLECTIONS:AprilFebruary sales 10% of $260k26,000March sales 70%,
DeVry Houston - ACC - 505
GradingSummaryThesearetheautomaticallycomputedresults DateTaken:ofyourexam.Gradesforessayquestions,and TimeSpent:commentsfromyourinstructor,areinthePointsReceived:"Details"sectionbelow.QuestionType:MultipleChoiceShort#OfQuestions:352/11/20124
DeVry Houston - ACC - 505
GradingSummaryThesearetheautomaticallycomputedresults DateTaken:ofyourexam.Gradesforessayquestions,and TimeSpent:commentsfromyourinstructor,areinthePointsReceived:"Details"sectionbelow.QuestionType:MultipleChoiceShort#OfQuestions:351/12/20122
DeVry Houston - ACC - 505
GradingSummaryThesearetheautomaticallycomputedresults DateTaken:ofyourexam.Gradesforessayquestions,and TimeSpent:commentsfromyourinstructor,areinthePointsReceived:"Details"sectionbelow.QuestionType:MultipleChoiceShortEssayGradeDetails#OfQuestio
DeVry Houston - ACC - 505
1. BusyBoyzisanogrowthfirm.Itssalesfluctuateseasonally,causingtotalassetstovary from$320,000to$410,000,butfixedassetsremainconstantat$260,000.Ifthefirmfollows amaturitymatching(ormoderate)workingcapitalfinancingpolicy,whatisthemostlikely totaloflongter
DeVry Houston - ACC - 505
HytekCompanybottlesanddistributesLivit,adietsoftdrink.Thebeverageissoldfor 50centsper16ouncebottletoretailers,whochargecustomers75centsperbottle.Fortheyear2012,managementestimatesthefollowingrevenuecosts.NetSales$1,800,000 Sellingexpensevariable$70,000
DeVry Houston - ACC - 505
Manning Co. manufactures and sells trophies for winners of athletic and other events. Its manufacturing plant has the capacity to produce 18,000 trophies each month; current monthly production is 15,300 trophies. The company normally charges $141 per trop
DeVry Houston - ACC - 505
Memphis Corporation Statement of Cash Flows For the Year Ended December 31, 2011 Cash Flows from Operating Activities Net Income Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Accounts Receivable Increase Inventory Increase A
DeVry Houston - ACC - 505
1. Operating activities include activities that affect longterm liabilities and stockholders' equity. (Points : 1) True False 2. Peartree Company provides the following income statement for the year 2014: Sales revenue $240,000 Cost of goods sold 110,000
DeVry Houston - ACC - 505
1. Cost structure (Points : 2) refers to the relative proportion of fixed versus variable costs that a company incurs. generally has little impact on profitability. cannot be significantly changed by companies. refers to the relative proportion of operati
DeVry Houston - ACC - 505
1. A purchases budget is used instead of a production budget by (Points : 2) merchandising companies. service enterprises. notforprofit organizations. manufacturing companies.2. Which of the following would not appear as a fixed expense on a selling and
DeVry Houston - ACC - 505
1. Redstar Herb company processes Herb powder for several Pharmacies. Two Departments work jointly on the operations, Extracting and Packing. The following Data relates to pounds of herb processed in the Extracting department during May: Percent Completed
DeVry Houston - ACC - 505
Problem P122A, Greeve Corporation had the following stockholders' equity accounts on January 1, 2006: Common Stock, $1 par $400,000 Paidin Capital in Excess of Par Value 500,000 Retained Earnings 100,000 In 2006, the company had the following treasury sto
DeVry Houston - ACC - 505
Calculation of Raw Materials Inventory Lost Beginning Balance, Raw Materials Add: Purchases of Raw Materials Less: Materials Used in Production Ending Balance, Raw Materials Calculation of Work in Process Inventory Lost Direct Materials (Materials Used in
DeVry Houston - ACC - 505
PROJECT A Case 930 Student Name: SALES BUDGET: Budgeted unit sales Selling price per unit Total SalesApril May 65,000 100,000 10 10 650,000 1,000,000 June Quarter 50,000 215,000 10 10 500,000 2,150,000 SCHEDULE OF EXPECTED CASH COLLECTIONS: April May F
DeVry Houston - ACC - 505
Weighted average method is used in process costing WIP beginning: Units in beginning WIP inventory Material costs Conversion costs Percent complete for materials Percent complete for conversion Units started into production during the month Units transfer
DeVry Houston - ACC - 505
AC505 Part B Capital Budgeting problem Data:Clark Paints $200,000 5 $40,000 5,500,000 1,100,000 3 2,000 $12 $2,500 18% $0.25 $0.05 $0.45 12% 35% PurchaseCost of new equipment Expected life of equipment in years Disposal value in 5 years Life production
DeVry Houston - ACC - 505
A. Breakeven Point in Passengers = Fixed Expenses Contribution Margin Breakeven Point in Passengers = $3,150,000 ($160 $70) Breakeven Point in Passengers = 35,000 Breakeven Point in Revenue = Breakeven Point in Passengers * Average Full Passenger Fare Bre
DeVry Houston - ACC - 505
P1217 Translation, Journal Entries, Consolidated Comprehensive Income, and Stockholders' Equity On January 1, 20X5, Taft Company acquired all of the outstanding stock of Vikix, Inc., a Norwegian company, at a cost of $151,200. Vikix's net assets on the da
DeVry Houston - ACC - 505
Capital Manufacturing produces a unique souvenir product for various museums around the country. During the year, the company incurred the following costs: Direct material used $50,000 Direct labor 80,000 Manufacturing overhead30,000 Marketing expenses 10
DeVry Houston - ACC - 505
X Corporation was organized on January 1, 2011. During its first year, the corporation issued 40,000 shares of $5 par value preferred stock and 400,000 shares of $1 par value common stock. At December 31, the company declared the following cash dividends:
DeVry Houston - FI - 515
(Bond valuation) A $1,000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bond's coupon rate is 7.4%. What is the fair value of this bond? Solution: Calculating PV factor i= required return = 9% = 0.09 n= 10 years Usi
DeVry Houston - FI - 515
CHAPTER 16WORKING CAPITAL MANAGEMENT(Difficulty Levels: Easy, Easy/Medium, Medium, Medium/Hard, and Hard)Please see the preface for information on the AACSB letter indicators (F, M, etc.) on the subjectlines.Multiple Choice: True/False(16-1) Net wor
DeVry Houston - FI - 515
1. After analyzing the Divisional Income Statement and the Product report, write a formal memo to P & P's president in which you refer to specific percentage differences to identify possible causes for the poor performance of the European Division. Then,
DeVry Houston - FI - 515
Problem 1 Tessmer Manufacturing Company produces inventory in a highly automated assembly plant in Olathe, KS. The automated system is in its first year of operation and management is still unsure of the best way to estimate the overhead costs of operatio
DeVry Houston - FI - 515
1. Maintained markup is 39%, net sales are $52000, and reductions are $2500. What are the gross margin in dollars, and the initial markup as a percentage? Explain why initial markup is greater than maintained markup. Cash discount = COGS x 2%, where COGS
DeVry Houston - FI - 515
The target capital structure for QM Industries is 36 percent common stock, 7 percent preferred stock, and 57 percent debt. If the cost of equity for the firm is 17.4 percent, the cost of preferred stock is 9.2 percent, the beforetax cost of debt is 8.5 pe
DeVry Houston - FI - 515
Axel Telecommunications has a target capital structure that consists of 70% debt and 30% equity. The company anticipates that its capital budget for the upcoming year will be $5,000,000. If Axel reports net income of $4,000,000 and it follows a residual d
DeVry Houston - FI - 515
Utech Company bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per 16ounce bottle to retailers, who charge customers 80 cents per bottle. For the year 2008, management estimates the following revenues and costs. Net sale
DeVry Houston - FI - 515
Complete the following three exercises. Be sure to show your work for calculations to earn full credit. Sales and Production Budgets (812): The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal ye
DeVry Houston - FI - 515
Medtrans is a profitable firm that is not paying a dividend on its common stock. James Weber, an analyst for A. G. Edwards, believes that Medtrans will begin paying a $1.00 per share dividend in two years and that the dividend will increase 6% annually th
DeVry Houston - FI - 515
P1217 Translation, Journal Entries, Consolidated Comprehensive Income, and Stockholders' Equity On January 1, 20X5, Taft Company acquired all of the outstanding stock of Vikix, Inc., a Norwegian company, at a cost of $151,200. Vikix's net assets on the da
DeVry Houston - FI - 515
Philadelphia Electric has many bonds trading on the New York Stock Exchange. Suppose Philadelphia Electric's bonds have identical coupon rates of 9.125% but that one issue matures in 1 year, one in 7 years, and the third in 15 years. Assume that a coupon
DeVry Houston - FI - 515
E65 Catlet Co. uses a periodic inventory system. Its records show the following for the month of May, in which 65 units were sold. Units Unit Cost Total Cost May 1 Inventory 30 $ 8 $240 15 Purchases 25 11 275 24 Purchases 35 12 420 Totals 90 $935 Compute
DeVry Houston - FI - 515
1. (TCO 1) For each of the following drivers identify an appropriate activity. a. # of machines FacilityLevel Activities b. # of setups BatchLevel Activities c. # of inspections BatchLevel Activities d. # of orders BatchLevel Activities e. # of runs Produ