1. With double-digit annual percentage increases in the cost of health insurance, more and more workers are likely to lack health insurance coverage (USA Today, January 23, 2004). The following sample data provide a comparison of workers with and without health insurance coverage for small, medium, and large companies. For the purposes of this study, small companies are companies that have fewer than 100 employees. Medium companies have 100 to 999 employees, and large companies have 1000 or more employees. Sample data are reported for 50 employees of small companies, 75 employees of medium companies, and 100 employees of large companies.

1. Conduct a test of independence to determine whether employee health insurance coverage is independent of the size of the company. Use  = .05. Use Table 12.4.
   
   Compute the value of the  ² test statistic (to 2 decimals).
   
   
   The p value is ?
   
   
2. The USA Today article indicated employees of small companies are more likely to lack health insurance coverage. Calculate the percentages of employees without health insurance based on company size (to the nearest whole number).

   Small	%
   Medium	%
   Large	%

   SMALL ? , MEDIUM? LARGE ?

2.

2. During the first 13 weeks of the television season, the Saturday evening 8:00 P.M. to 9:00 P.M. audience proportions were recorded as ABC 30%, CBS 27%, NBC 25%, and independents 18%. A sample of 300 homes two weeks after a Saturday night schedule revision yielded the following viewing audience data: ABC 93 homes, CBS 63 homes, NBC 88 homes, and independents 56 homes. Test with  = .05 to determine whether the viewing audience proportions changed. Use Table 12.4.

Round your answers to two decimal places.

χ ² = ??

6.5.4

According to the WHO MONICA Project the mean blood pressure for people in China is 128 mmHg with a standard deviation of 23 mmHg (Kuulasmaa, Hense & Tolonen, 1998). Blood pressure is normally distributed.

1. State the random variable.
2. Suppose a sample of size 15 is taken. State the shape of the distribution of the sample mean.
3. Suppose a sample of size 15 is taken. State the mean of the sample mean.
4. Suppose a sample of size 15 is taken. State the standard deviation of the sample mean.
5. Suppose a sample of size 15 is taken. Find the probability that the sample mean blood pressure is more than 135 mmHg.
6. Would it be unusual to find a sample mean of 15 people in China of more than 135 mmHg? Why or why not?
7. If you did find a sample mean for 15 people in China to be more than 135 mmHg, what might you conclude?

6.5.6

The mean cholesterol levels of women age 45-59 in Ghana, Nigeria, and Seychelles is 5.1 mmol/l and the standard deviation is 1.0 mmol/l (Lawes, Hoorn, Law & Rodgers, 2004). Assume that cholesterol levels are normally distributed.

1. State the random variable.
2. Find the probability that a woman age 45-59 in Ghana has a cholesterol level above 6.2 mmol/l (considered a high level).
3. Suppose doctors decide to test the woman’s cholesterol level again and average the two values. Find the probability that this woman’s mean cholesterol level for the two tests is above 6.2 mmol/l.
4. Suppose doctors being very conservative decide to test the woman’s cholesterol level a third time and average the three values. Find the probability that this woman’s mean cholesterol level for the three tests is above 6.2 mmol/l.
5. If the sample mean cholesterol level for this woman after three tests is above 6.2 mmol/l, what could you conclude?

Write a C++ program that prints a calendar for a given year.

ONLY USING "#include<iostream>" and "#include<cmath>" The program prompts the user for two inputs:

      1) The year for which you are generating the calendar.
      2) The day of the week that January first is on, you will use the following notation to set the day of the week:

      0 Sunday                     1 Monday                   2 Tuesday                   3 Wednesday
      4 Thursday                 5 Friday                      6 Saturday

Your program should generate a calendar similar to the one shown in the example output below. The calendar should be printed on the screen. Your program should be able to handle leap years. A leap year is a year in which we have 466 days. That extra day comes at the end of February. Thus, a leap year has 466 days with 29 days in February. A century year is a leap year if it is divisible by 400. Other years divisible by 4 but not by 100 are also leap years.

Example: Year 2000 is a leap year because it is divisible by 400.  Year 2004 is a leap year because it is divisible by 4 but not by 100.

Your program should clearly describe the functionality of each function and should display the instructions on how to run the program.

Sample Input:

Enter the year for which you wish to generate the calendar: 2018
Enter the day of the week that January first is on: 1

Sample output:

Calendar for year 2018

January
Sun      Mon     Tue      Wed     Thu      Fri        Sat
            1          2          4           4          5          6         

7          8          9          10        11        12        14       

14       15        16        17         18        19        20       

21       22        24        24         25        26        27       

28       29        40        41

February
Sun      Mon     Tue      Wed     Thu      Fri        Sat
                                                1          2          4         

4          5          6          7          8          9          10       

11        12        14        ..         ..          ..          ..         

..          ..          ..          ..          ..          ..          ..

..

..

..

REWORD THE TEXT TO 6TH GRADE LEVEL DO NOT USE ONLINE SOURCES PLEASE

• Obama was expected to give his keynote speech on Tuesday night 27 July. Before his presentation, some Obama advisors were worried, because it was the first time he had used a teleprompter.Obama soon went into a brief autobiographical session talking about his grand-dad made a living by working as a servant for the British, to his own dad who had got a scholarship so that he could come to the United States. Then talked about his mother's family, explaining his grandfather fighting in World War II under Patton while his grandmother was working and taking care of his mom..  

• He spoke about the simple librety enunciated in the Declaration of Independence, and he said in the 2004 election he thought was a time to reassure these values and remember that "We have more work to do." He then went on to mention several Americans he met who weren’t doing good with jobs, healthcare, and education, saying that "they don't expect the government to fix all their problems, but they hope, deep in their hearts, that with just a small change in priorities, we can ensure that every child in America has a fair shot at life and that the doors in opportunity remain open to all.In the next piece of his speech, Obama addressed John Kerry, stating his core principles and convictions on a variety of topics, interrupted by a tale of a young Marine he had met and affirmed that when military action is conducted, the families and soldiers involved must be looked after and that there is a duty to never go to war without adequate troops to win the war, secure peace and gain world respect. "Obama subsequently returned to Kerry and expressed his determination to keep America safe. Obama then discussed the notions of community and cohesion in America that individuals suffering elsewhere affects us even though we are not directly involved in it.

Revenue Recognition - Percentage of Completion - Project Instructions, Spring 2018

One of your clients is a large regional construction company. The company has many long-term projects in the works. The spreadsheet you are given contains some information about these jobs. Some of the jobs began last year and continue into the current year, so they exist on both tabs. The projects are in various phases of construction; some of which were completed during the current year.

You've been asked by your firm to analyze the data and prepare the following:

1) Complete the revenue recognition process by adding the necessary calculations into the blank columns F-J and L-M on the Current Year and Prior Year tabs and populate the data for all rows. It is expected that you look back at the text for definitions and to remind yourself of the percentage of completion method prior to asking questions.

Current year:

Prior Yr:

Is this correct for statement of cashflow indirect method?

Absorption costing does not distinguish between variable and fixed costs. All manufacturing costs are included in the cost of goods sold.

Variable Statement

Under variable costing, the cost of goods manufactured includes only variable manufacturing costs. This type of income statement includes a computation of manufacturing margin.

Manufacturing Decisions

Shaded cells have feedback.

Whenever the units manufactured differ from the units sold, finished goods inventory is affected. In analyzing income from operations, such increases and decreases could be misinterpreted as operating efficiencies or inefficiencies. Each decision-making situation should be carefully analyzed in deciding whether absorption or variable costing reporting would be more useful.

All costs are controllable in the long run by someone within a business. For a given level of management, costs may be controllable costs or noncontrollable costs.

The production manager for Saxon, Inc. is worried because the company is not showing a high enough profit. Looking at the income statements on the Absorption Statement panel and the Variable Statement panel, he notices that the net income is higher on the absorption cost income statement. He is considering manufacturing another 10,000 units, up to the company’s capacity for manufacturing, in the coming year. He reasons that this will boost net income and satisfy the company’s owner that the company is sufficiently profitable. Although the total units manufactured changes, assume that total fixed costs, unit variable costs, unit sales price, and the sales levels are the same. Complete questions (1)-(4) that follow. If the answer is zero, enter "0".

1. Use the income statements on the Absorption Statement and Variable Statement panels to complete the following table for the original production level. Then prepare similar income statements at a production level 10,000 units higher and add that information to the table. Assume that total fixed costs, unit variable costs, unit sales price, and the sales levels are the same at both production levels.

Points:

2 / 4

Feedback

2. What is the change in net income from producing 10,000 additional units under absorption costing?

Points:

0 / 1

Feedback

3. What is the change in net income from producing 10,000 additional units under variable costing?

Points:

0 / 1

Feedback

4. What would be your recommendation to the production manager?

Do not produce the extra 10,000 units. The increase in net income under absorption costing is due to fixed manufacturing costs being held in inventory, and the additional inventory will lead to higher handling, storage, financing, and obsolescence costs.

Produce the extra 10,000 units. Net income will be increased, and the production manager will receive praise for creating higher profits.

Do not produce the extra 10,000 units. Net income does not change under absorption costing when the additional units are produced.

Produce the extra 10,000 units. It's always a good idea to have extra units on hand and keep the factory operating at capacity, even if all the units are not sold.

Points:

1 / 1

Feedback

Contribution Margin Data

For planning and control purposes, managers often compare planned and actual contribution margin. Variable costing is used as a basis for such analyses.

Examine the following contribution margin data, and then complete the Contribution Margin Analysis panel.

Contribution Margin Analysis

Shaded cells have feedback.

Contribution margin analysis focuses on explaining the differences between planned and actual contribution margins, considering the quantity factor and the unit price factor.

After reviewing the data on the Contribution Margin Data panel, complete the following contribution margin analysis. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Question not attempted.

Score: 0/44

Please journal and manufaturing decisions!

Absorption costing does not distinguish between variable and fixed costs. All manufacturing costs are included in the cost of goods sold.

Under variable costing, the cost of goods manufactured includes only variable manufacturing costs. This type of income statement includes a computation of manufacturing margin.

/manufacturing decisions

Whenever the units manufactured differ from the units sold, finished goods inventory is affected. In analyzing income from operations, such increases and decreases could be misinterpreted as operating efficiencies or inefficiencies. Each decision-making situation should be carefully analyzed in deciding whether absorption or variable costing reporting would be more useful.

All costs are controllable in the long run by someone within a business. For a given level of management, costs may be controllable costs or noncontrollable costs.

The production manager for Saxon, Inc. is worried because the company is not showing a high enough profit. Looking at the income statements on the Absorption Statement panel and the Variable Statement panel, he notices that the net income is higher on the absorption cost income statement. He is considering manufacturing another 10,000 units, up to the company’s capacity for manufacturing, in the coming year. He reasons that this will boost net income and satisfy the company’s owner that the company is sufficiently profitable. Although the total units manufactured changes, assume that total fixed costs, unit variable costs, unit sales price, and the sales levels are the same. Complete questions (1)-(4) that follow. If the answer is zero, enter "0".

1. Use the income statements on the Absorption Statement and Variable Statement panels to complete the following table for the original production level. Then prepare similar income statements at a production level 10,000 units higher and add that information to the table. Assume that total fixed costs, unit variable costs, unit sales price, and the sales levels are the same at both production levels.

2. What is the change in net income from producing 10,000 additional units under absorption costing?

3. What is the change in net income from producing 10,000 additional units under variable costing?

4. What would be your recommendation to the production manager?

Produce the extra 10,000 units. It's always a good idea to have extra units on hand and keep the factory operating at capacity, even if all the units are not sold.

Do not produce the extra 10,000 units. Net income does not change under absorption costing when the additional units are produced.

Produce the extra 10,000 units. Net income will be increased, and the production manager will receive praise for creating higher profits.

Do not produce the extra 10,000 units. The increase in net income under absorption costing is due to fixed manufacturing costs being held in inventory, and the additional inventory will lead to higher handling, storage, financing, and obsolescence costs.

For planning and control purposes, managers often compare planned and actual contribution margin. Variable costing is used as a basis for such analyses.

Examine the following contribution margin data, and then complete the Contribution Margin Analysis panel.

Contribution margin analysis focuses on explaining the differences between planned and actual contribution margins, considering the quantity factor and the unit price factor.

After reviewing the data on the Contribution Margin Data panel, complete the following contribution margin analysis. For those boxes in which you must enter subtracted or negative numbers use a minus sign.