a. A hospital employs 346 nurses, and 35% of them are male. How many male nurses are there?

b. An engineering firm employs 178 engineers, and 112 of them are male. What percentage of these engineers are female?

c. A large law firm is made up of 65% male lawyers, or 169 male lawyers. What is the total number of lawyers at the firm?

Compare male and female American adults (SEX: 1 = Male, 2 = Female).

Is there enough statistical evidence to infer that women more likely to work for the government (WRKGOVT: 1 = Government, 2 = Private enterprise) than men?

Marc & Associates employs Janet Evanovich at its law firm. Her gross income for June is $7,500. Payroll for the month of June follows: federal income tax of$650, state income tax of $60, local income tax of$30, FICA Social Security tax rate at 6.2%, FICA Medicare tax rate at 1.45%, health-care insurance premium of $300, donations to a charity of$50, and pension plan contribution of $200. The employee is responsible for covering 40% of his or her health insurance premium.

You have now been given the following additional information: June is the first pay period for this employee. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first$7,000 paid to the employee. FICA Social Security and FICA Medicare match employee deductions. The employer is responsible for 60% of the health insurance premium. The employer matches 50% of employee pension plan contributions.

B. Record the payment in cash of all employer liabilities only on July 1.

Marc & Associates employs Janet Evanovich at its law firm. Her gross income for June is $7,500. Payroll for the month of June follows: federal income tax of$650, state income tax of $60, local income tax of$30, FICA Social Security tax rate at 6.2%, FICA Medicare tax rate at 1.45%, health-care insurance premium of $300, donations to a charity of$50, and pension plan contribution of $200. The employee is responsible for covering 40% of his or her health insurance premium.

You have now been given the following additional information: June is the first pay period for this employee. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first$7,000 paid to the employee. FICA Social Security and FICA Medicare match employee deductions. The employer is responsible for 60% of the health insurance premium. The employer matches 50% of employee pension plan contributions.

A. Record the employer payroll for the month of June, dated June 30, 2017.

Whole Leaves wants to upgrade their equipment, and on January 24 the company takes out a loan from the bank in the amount of $310,000. The terms of the loan are 6.5% annual interest rate, payable in three months. Interest is due in equal payments each month.

Compute the interest expense due each month. Show the journal entry to recognize the interest payment on February 24, and the entry for payment of the short-term note and final interest payment on April 24. Round to the nearest cent if required.

Review the following transactions and prepare any necessary journal entries for Lands Inc.

A. On December 10, Lands Inc. contracts with a supplier to purchase 450 plants for its merchandise inventory, on credit, for $12.50 each. Credit terms are 4/15, n/30 from the invoice date of December 10.

When you are comparing two sets of data and one set is strongly skewed and the other is symmetric, which measures of the center and variation should you choose for the comparison?

Match the following terms to the appropriate definition:

Match each of the following accounts with the appropriate transaction or description.

A. Sales Tax Payable                                i.   A customer pays in advance for services
B. Income Taxes Payable                             ii.  A risk incentive rate for a loan
C. Current portion of a long-term note payable      iii. State withholding from an employee’s paycheck
D. Interest Payable                                 iv.  The portion of a note due within the operating period
E. Accounts Payable                                 v.   A credit line between a purchaser and a supplier
F. Unearned Revenue                                 vi.  Extra tax collected on the sale of a product

Everglades Consultants takes out a loan in the amount of $375,000 on April 1. The terms of the loan include a repayment of principal in eight, equal installments, paid annually from the April 1 date. The annual interest rate on the loan is 5%, recognized on December 31. (Round answers to the nearest cent, if needed.)

B. Compute the principal due in year 1.

Is it possible for the standard deviation to be negative? Explain.

Everglades Consultants takes out a loan in the amount of $375,000 on April 1. The terms of the loan include a repayment of principal in eight, equal installments, paid annually from the April 1 date. The annual interest rate on the loan is 5%, recognized on December 31. (Round answers to the nearest cent, if needed.)

A. Compute the interest recognized as of December 31 in year 1.

An accelerated depreciation method that takes more expense in the first few years of the asset’s life is ________.

A. units-of-production depreciation

B. double-declining-balance depreciation

C. accumulated depreciation

D. straight-line depreciation

Depreciation of a plant asset is the process of ________.

A. asset valuation for statement of financial position purposes

B. allocation of the asset’s cost to the periods of use

C. fund accumulation for the replacement of the asset

D. asset valuation based on current replacement cost data