Case Problem ASH Review Case Problem: PAR Inc. Download Case Problem: PAR Inc.from Chapter 10 in the ebook. Step 2: Do: Run the t-Test: Two-Sample Ass

Case Problem ASH Review Case Problem: PAR Inc. Download Case Problem: PAR Inc.from Chapter 10 in the ebook.

Step 2: Do:

Run the t-Test: Two-Sample Assuming Unequal Variances for the Data File Golf (Chapter 10) using the video How to Add Excel’s Data Analysis ToolPak (Links to an external site.) for assistance.

In a managerial report, use the methods of hypothesis testing to

Formulate and present the rationale for a hypothesis test that Par could use to compare the driving distances of the current and new golf balls.
Analyze the data to provide the hypothesis testing conclusion. What is the p-value for your test? What is your recommendation for Par, Inc.?
Provide descriptive statistical summaries of the data for each model.
Explain what the 95% confidence interval is for the population mean driving distance of each model, and explain what the 95% confidence interval is for the difference between the means of the two populations.
Discuss whether you see a need for larger sample sizes and more testing with the golf balls.

Step 3: Discuss
Based on your hypothesis testing conclusion, what are your recommendations for Par, Inc? Support your recommendations with findings from your managerial report. Part 1 – Accounting Environment

BUS3061 Week 1 Assignment Template

PART 1: Accounting Environment

Respond to the following 6 questions using grammatically correct language.

1.      Describe the similarities and differences between the two categories (Financial & Managerial Accounting) and provide examples of the users of each type of data that are the result of the work in each category. [Answer here]

2.      Describe the four major types of internal management decisions that utilize management accounting information. [Answer here]

3.      Identify each of the six organizations that are influential in the establishment of GAAP and discuss their role. [Answer here]

4.      Identify and describe the three basic forms of business organization. Include the advantages and disadvantages of all three. [Answer here]

5.      Identify the primary objectives of every business. What are the four basic financial statements that measure the primary objectives of every business? Describe what information each statement presents and which of the primary objective(s) can be met through the information presented on the statement. [Answer here]

6. Describe the difference between an asset, liability, and equity on a company’s balance sheet. [Answer here]

Part 2 – Income Statement

PART 2: Income Statement

Complete the income statement for the following transactions for June 2010 disclosed Fill in the yellow cells as appropriate.

Ticket revenue $180,000

Equipment rent expense $50,000

Film rent expense $53,400

Concession revenue $29,600

Advertising expense $18,600

Salaries expense $60,000

Utilities expense $14,100

Cash dividends declared and paid $12,000

Balance sheet amounts at June 30 include the following:

Cash $140,000

Land $148,000

Accounts payable $87,600

Capital stock $114,000

Retained earnings as of 2010 June 1 $84,900

Income Statement

Prepare the Income Statement

Revenues:

Total Revenue

Expenses:

Total Expenses

Net Income

Retained Earnings

Part 3 – Retained Earnings

PART 3: Statement of Retained Earnings

Complete the statement of retained earnings using information from Part 2. Fill in the yellow cells as appropriate.

Retained Earnings – June 1

Add: Net income

Total

Less: Dividends

Reatined Earnings – End

Part 4 – Balance Sheet

PART 4: Balance Sheet

Complete the balance sheet using information from Part 2. Fill in the yellow cells as appropriate.

Assets

Total Assets

Liabilities and Equities

Stockholder’s Equity

Total Liab. & Eq.

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