ACCT 2000 Chapter : 1
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The following data are for 30 observations involving twocategorical variables, x and y. The categories for x are A, B, andC; the categories for y are 1 and 2.
Observation | x | y | Observation | x | y | |
1 | A | 2 | 16 | B | 1 | |
2 | B | 2 | 17 | C | 2 | |
3 | B | 2 | 18 | B | 2 | |
4 | C | 1 | 19 | C | 2 | |
5 | B | 2 | 20 | B | 2 | |
6 | C | 1 | 21 | C | 1 | |
7 | B | 2 | 22 | B | 2 | |
8 | C | 1 | 23 | C | 1 | |
9 | A | 1 | 24 | A | 1 | |
10 | B | 2 | 25 | B | 2 | |
11 | A | 1 | 26 | C | 1 | |
12 | B | 2 | 27 | C | 1 | |
13 | C | 1 | 28 | A | 1 | |
14 | C | 1 | 29 | B | 2 | |
15 | C | 1 | 30 | B | 1 |
Develop a crosstabulation for the data, with x as the rowvariable and y as the column variable.
y | ||||
1 | 2 | Total | ||
A | ||||
x | B | |||
C | ||||
Total |
Compute the row percentages (to 1 decimal).
y | ||||
1 | 2 | Total | ||
A | % | % | % | |
x | B | % | % | % |
C | % | % | % | |
Compute the column percentages (to 1 decimal).
y | ||||
1 | 2 | |||
A | % | % | ||
x | B | % | % | |
C | % | % | ||
Total | % | % |
Watson Company has a subsidiary in the country of Alonza wherethe local currency unit is the kamel (KM). On December 31, 2014,the subsidiary has the following balance sheet: |
Cash | KM | 15,000 | Notes payable (due 2016) | KM | 28,500 |
Inventory | 23,500 | Common stock | 30,000 | ||
Land | 5,000 | Retained earnings | 15,000 | ||
Building | 60,000 | ||||
Accumulateddepreciation | (30,000) | ||||
KM | 73,500 | KM | 73,500 | ||
The subsidiary acquired the inventory on August 1, 2014, and theland and buildings in 2000. It issued the common stock in 1998.During 2015, the following transactions took place: |
2015 | |
Feb. 1 | Paid 16,000 KM onthe note payable. |
May 1 | Sold entireinventory for 31,500 KM on account. |
June 1 | Sold land for 6,100KM cash. |
Aug. 1 | Collected allaccounts receivable. |
Sept.1 | Signed long-termnote to receive 10,500 KM cash. |
Oct. 1 | Bought inventory for15,000 KM cash. |
Nov. 1 | Bought land for5,000 KM on account. |
Dec. 1 | Declared and paid4,000 KM cash dividend to parent. |
Dec. 31 | Recordeddepreciation for the entire year of 3,000 KM. |
The exchange rates for 1 KM are as follows: |
1998 | 1 KM | = | $ | 0.26 |
2000 | 1 | = | 0.24 | |
August 1, 2014 | 1 | = | 0.34 | |
December 31,2014 | 1 | = | 0.36 | |
February 1,2015 | 1 | = | 0.38 | |
May 1, 2015 | 1 | = | 0.40 | |
June 1, 2015 | 1 | = | 0.42 | |
August 1, 2015 | 1 | = | 0.44 | |
September 1,2015 | 1 | = | 0.46 | |
October 1, 2015 | 1 | = | 0.48 | |
November 1,2015 | 1 | = | 0.50 | |
December 1,2015 | 1 | = | 0.52 | |
December 31,2015 | 1 | = | 0.56 | |
Average for2015 | 1 | = | 0.46 | |
If this is a translation, what is the translation adjustmentdetermined solely for 2015? |