The Acme Company manufactures widgets. The distribution of widget weights is bell-shaped. The widget weights have a mean of 60 ounces and a standard deviation of 7 ounces.

Use the Standard Deviation Rule, also known as the Empirical Rule.

Suggestion: sketch the distribution in order to answer these questions.

a) 95% of the widget weights lie between  and

b) What percentage of the widget weights lie between 53 and 74 ounces?  %

c) What percentage of the widget weights lie above 39 ?  %

The Acme Company manufactures widgets. The distribution of widget weights is bell-shaped. The widget weights have a mean of 64 ounces and a standard deviation of 5 ounces.

Use the Standard Deviation Rule, also known as the Empirical Rule.

Suggestion: sketch the distribution in order to answer these questions.

a) 95% of the widget weights lie between  and

b) What percentage of the widget weights lie between 59 and 74 ounces?  %

c) What percentage of the widget weights lie above 49 ?

Apple organization like any other business organization is required by the law to function according to the stipulated ethics so as to respond effectively to both internal and external triggers of change. These ethics are important in an organization since it expresses the values an organization has to its workers and to the general public. The elements which have contributed to this organizations excellent performance in the competitive market include respect for the clients, honesty and trust among other ethics. These ethics have contributed to Apple’s organization overall performance through influencing its employees ways of thinking, building trust within the organization and their customers and developing goal oriented culture in the organization hence, its excellent performance in the electronics market (Ferrell et al. 2008). Upholding of the labor and human rights to promote dignity are some of the ethical principles of the Apple organization. This is achieved through treating its employees with dignity and respecting their varied needs and backgrounds to promote organization’s productivity and unity at the workplace. Other ethical codes in this organization include, antidiscrimination (basing on race, age gender or color), fair remuneration, prevention of forced labor, prevention of under-aged labor, provision of adequate working hours( 60hours per week), freedom of association within the organization among other ethics which govern the behavior of the employees in the organization (Peng, 2009). Despite these reputations linked with the Apple organization, the organization has been associated with various unethical behaviors which have contributed negatively to the company’s provision of their products and services to their customers. The company should function in a way that is acceptable in the society and engage in organization’s activities which contribute to the overall economic stability and protection of the environment (Lusted, 2012). Therefore, this paper tries to analyze in detail the unethical behaviors which have been associated with the Apple Company, and try to identify some of the effects which are likely to contribute to these unethical behaviors. The analysis is done taking into consideration the MAN2100 which stipulates the ethical responsibilities which the organization should uphold. One of the unethical behaviors of the Apple Company is the violation of their employees’ rights and labor laws. This is evidenced by the long working hours its employees have to perform their tasks. For instance, audits done in the company revealed that the employees were working in the company for a duration of more than 60 hours a week and some employees working in the organization for a duration of more than six days in a week. Additionally, the company is involved in the employment of children who are less than 15 years and providing false information in their records. The employees are paid less wages as compared to the duration of their working hence, violating their rights which is unethical (Zimmerli, 2006). Additionally, the company engages in innovations which are considered unethical according to the MAN2100 regulation on organization’s responsibilities. The employees responsible for marketing these innovations are required by the organization work for long periods of time causing burn out and exhaustion to these employees. Employees have faced incidences of injuries such as motion injuries, injuries due to exposure to toxic chemical substances and the provision of unhealthy working conditions at the pretext of promoting innovations contributing to the violation of the employees’ labor rights hence, engaging in unethical behaviors (Creemer, 2009).

For this text : Find a solution to Apple Company to solve this Unethical issue

Analysis it then provide Findings and Analysis

then provide a Recommendation

and a conclusion

On November 30, Petrov Co. has $147,700 of accounts receivable and uses the perpetual inventory system.

(1) Prepare journal entries to record the above transactions.
(2) Which transaction would most likely require a note to the financial statements?

1. You have an email program to 1000000 customers where the cost is $.10 per email and a direct mail program to 500000 customers at a cost of $1.00 per piece. Which program would you focus on why?
2. What process must occur concurrently with understanding the data?
3. A CEO wants to maximize revenue. Why would you advise him against the use of the data mining technique?

QUESTION 3

3.1 What does normal profit mean? Explain the difference between normal profit and economic profit.

3.2 Explain the relationship between average product and marginal product.

3.3 In economics we consider both explicit costs and implicit costs. Differentiate between implicit and explicit

costs.

QUESTION 4

An economist needs a deep understanding of price elasticity concepts and their applicability in today’s economy.

4.1 Define price elasticity of demand and how it is measured.

4.2 Explain the FIVE (5) categories of price elasticity of demand.

4.3 Explain the relationship between the total revenue from the sales of a product and the price elasticity of

the demand for the product. SS

QUESTION 5

5.1 List FIVE (5) requirements for perfect competition to exist.

5.2 Explain why any firm maximises profit, or minimises losses, when marginal cost is equal to marginal

revenue.

5.3 Explain the shape of the marginal revenue curve facing (a) a perfectly competitive firm and (b) a

monopolistic firm.

QUESTION 6

6.1 Briefly discuss the main components of total spending in the economy.

6.2 Identify the THREE (3) main withdrawals (or leakages) from the circular flow of income and spending in

an open economy.

6.3 Explain with examples, the following:

6.3.1 Constant returns to scale.

6.3.2 Increasing returns to scale.

6.3.3 Decreasing returns to scale.

15.34 Treating insomnia. Belsomra is a drug prescribed for the treatment of insomnia. A randomized, placebo-controlled clinical trial found that patients assigned to take Belsomra for three months fell asleep 35 minutes faster, on average, than they did before the study started—a statistically significant improvement. By comparison, patients assigned to take a placebo for three months fell asleep 27 minutes faster than they did originally. The difference between the two groups was statistically significant (reported as P<0.01).14

1. Would you consider an effect size of falling asleep 35 minutes sooner important in the context of patients suffering from insomnia? Explain your answer.
2. The difference between taking Belsomra and taking a placebo was, on average, falling asleep 8 minutes faster with Belsomra. Would you consider an effect size of 8 minutes important in the context of patients suffering from insomnia? Explain your answer.
3. Which limitation of statistical significance does this study illustrate?

During September, ComeHome Corporation budgeted for 24,000 customers, but actually served 28,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:

• Revenue: $51.50q
• Wages: $14.00q
• Supplies: $8.20q
• Insurance: $7,300 per month
• Rent: $3,950 per month
• Miscellaneous expense: $3,000 month + $4.40q

1. Prepare the company's planning budget for September (use Thursday’s lecture slides and exhibit 9-2 of your text as a guide).
2. Prepare the company's flexible budget for September (use Thursday’s lecture slides and exhibit 9-5 of your text as a guide).
3. Calculate the company’s activity variances for each line item for September (use Thursday’s lecture slides and exhibit 9-6 of your text as a guide). You must also indicate whether each specific activity variance is favorable (‘F’) or unfavorable (‘U’).

Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below:

When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers.

Required (all computations pertain to the month of May):
What activity variance would Adger report with respect to its revenue? & What activity variances would Adger report with respect to each of its expenses?

PLEASE SHOW ALL WORK

A very successful car washing shop has roughly 2.4 million dollar revenue every year. Since this is quite a large amount of money for a car washing shop, the IRS (tax people) wants to check whether this establishment is laundering money (sounds familiar?); however, due to the limited resources, they want to be 95% confident in their decision; thus, they send an investigator to record the daily number of customers and record down how much that each customers have to pay on average for the service. The investigator came back and reported that there are roughly 2,000 customers for the month and each one of them paying roughly 80 dollars on average for the services with a standard deviation of 30 dollars. Given this information, what is the approximate probability that the car washing shop can achieve it current claimed revenue and what would be your conclusion here about the legitimacy of this car washing shop (i.e whether they are laundering money or not)?