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1. SAT or ACT? Each year thousands of high school stu- dents take either the SAT or ACT, standardized tests used in the college admissions process. Combined SAT scores can go as high as 1600, while the maximum ACT composite score is 36. Since the two exams use very different scales, comparisons of performance are difficult. (A con- venient rule of thumb is SAT = 40 * ACT + 150; that is, multiply an ACT score by 40 and add 150 points to estimate the equivalent SAT score.) Assume that one year the combined SAT can be modeled by N11000, 2002 and the ACT can be modeled by N127, 32. If an applicant to a uni- versity has taken the SAT and scored 1260 and another stu- dent has taken the ACT and scored 33, compare these students scores using z-values. Which one has a higher rel- ative score? Explain.
2. Economics. Anna, a business major, took final exams in both Microeconomics and Macroeconomics and scored 83 on both. Her roommate Megan, also taking both courses, scored 77 on the Micro exam and 95 on the Macro exam. Overall, student scores on the Micro exam had a mean of 81 and a standard deviation of 5, and the Macro scores hada mean of 74 and a standard deviation of 15. Which stu- dent's overall performance was better? Explain.
Complete the vertical analysis by computing each line item (a)(f) as a percentage of sales revenues. Round to the nearest whole percentage. Does the percentage that you calculated in 1(a) suggest that the decline in fuel costs in 2013 contributed to ..
Please select an exclusion from income. Explain the exclusion and its purpose. What do you think the congressional intent was for this exclusion?
lhu corporation makes and sells a product called product wz. each unit of product wz requires 2.2 hours of direct labor
the atgar corporation records all purchases and the corresponding liabilities net of cash discounts. whenever it pays
imperial jewelers is considering a special order for 20 handcrafted gold bracelets to be given as gifts to members of a
Prepare the journal entries to record the issuance of the bonds and the accrual of interest and the premium amortization on December 31, 2012.
when computing the amount of tax to be withheld from an employees salary can tax credits under the ordinance to which
Calculate to one decimal place the inventory turnover ratio and average days to sell inventory for 2012, 2011, and 2010. any trends, and compare the effectiveness of inventory managers at Polaris to inventory managers at its main competitor, Arctic ..
if accounts receivable have a balance of 6010342 sales are 7042913 allowance for doubtful accounts has a credit balance
Determine the total fixed cost per unit of production, assuming that Bender produces 4,000, 4,500, or 5,000 units.
prepare the journal entries required to adjust the inventory records at year-end assuming that marios uses the first-in
Net income was $ 61,000 for the year. The accumulated depreciation balance increased by $14,000 over the year. There were no sales of fixed assets or changes in noncash current assets or liabilities. Under the indirect method, the cash flow from o..
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