Should we ever try to slow down innovation or technological advances?
As we've seen throughout the history of America, the cheaper labor will succeed in automation and innovation creates new jobs. Like we saw in class, most newspapers feared the rise of "robots" or technology as they continually destroyed american jobs. Can we ask american people to stop creating or stop inventing to prevent the loss of jobs? Would becoming stagnant in our business pursuits benefit everyone, the workers, or no one?
In: Economics
Customer service, social media, and innovation strategies are particularly important to managers today. We described specific ways companies can pursue these strategies. Your task is to pick customer service, e-business, or innovation and find one example for each of the specific approaches in that category. For instance, if you choose customer service, find an example of (a) giving customers what they want, (b) communicating effectively with them, and (c) providing employees with customer service training. Write a report describing your examples.
In: Operations Management
McDonald’s is one of the known fast food organizations around the world. Its corporate culture emphasizes human resource development while achieving high levels of efficiency, which have been achieved thorough adopting innovations in almost everything the organization does.
In: Operations Management
TRUE OR FALSE QUESTIONS
In: Operations Management
The remaining questions in this workbook assignment are based on the following scenario.
Information was collected from a reputable internet site for an
investigation into the fuel economy of various makes of car and
whether these varied over time. Data was collected for fifteen
different models of vehicle from twelve different manufacturers.
After collection, the observed vehicle models were classified as
sedan, sports or 4WD.
The data for sedans is provided in the file sedan_economy.csv, also
available in the same folder as this assignment. The variables in
this file are:
decade: the decade in which the car was produced ((1991-2000,
2001-2010, 2011-present);
economy: fuel economy (L/100km);
cylinders: the number of cylinders in the engine;
capacity: the engine capacity (L);
fuel: the fuel type (petrol or diesel);
transmission: the transmission of the car (manual or
automatic).
|
decade |
economy |
cylinders |
capacity |
fuel |
transmission |
|
|
1 |
1991-2000 |
7.2 |
4 |
1.3 |
petrol |
manual |
|
2 |
2001-2010 |
6.8 |
4 |
1.6 |
petrol |
manual |
|
3 |
2011+ |
5.7 |
4 |
1.5 |
petrol |
manual |
|
4 |
2011+ |
4.9 |
3 |
1.0 |
petrol |
manual |
|
5 |
1991-2000 |
7.2 |
4 |
1.8 |
petrol |
manual |
|
6 |
2001-2010 |
7.5 |
4 |
2.0 |
petrol |
manual |
|
7 |
2001-2010 |
8.4 |
4 |
2.0 |
petrol |
automatic |
|
8 |
2011+ |
6.4 |
4 |
2.0 |
petrol |
manual |
|
9 |
2011+ |
6.1 |
4 |
2.0 |
petrol |
automatic |
|
10 |
1991-2000 |
7.1 |
4 |
1.8 |
petrol |
manual |
|
11 |
1991-2000 |
7.6 |
4 |
1.8 |
petrol |
automatic |
|
12 |
2001-2010 |
7.1 |
4 |
1.8 |
petrol |
manual |
|
13 |
2001-2010 |
7.5 |
4 |
1.8 |
petrol |
automatic |
|
14 |
2011+ |
7.2 |
4 |
1.8 |
petrol |
manual |
|
15 |
2011+ |
6.7 |
4 |
1.8 |
petrol |
automatic |
|
16 |
1991-2000 |
7.2 |
6 |
2.8 |
petrol |
manual |
|
17 |
2001-2010 |
7.7 |
4 |
2.0 |
petrol |
manual |
|
18 |
2001-2010 |
7.4 |
4 |
2.0 |
petrol |
automatic |
|
19 |
2011+ |
6.4 |
4 |
2.0 |
petrol |
manual |
|
20 |
2011+ |
6.8 |
4 |
2.0 |
petrol |
automatic |
|
21 |
2011+ |
3.6 |
4 |
1.6 |
diesel |
manual |
|
22 |
1991-2000 |
6.0 |
4 |
1.5 |
petrol |
manual |
|
23 |
1991-2000 |
6.1 |
4 |
1.5 |
petrol |
automatic |
|
24 |
2001-2010 |
7.3 |
4 |
1.6 |
petrol |
manual |
|
25 |
2001-2010 |
7.5 |
4 |
1.6 |
petrol |
automatic |
|
26 |
2001-2010 |
4.7 |
4 |
2.0 |
diesel |
manual |
|
27 |
2011+ |
6.7 |
4 |
1.6 |
petrol |
manual |
|
28 |
2011+ |
7.0 |
4 |
1.6 |
petrol |
automatic |
|
29 |
2011+ |
4.3 |
4 |
1.8 |
diesel |
manual |
|
30 |
1991-2000 |
9.2 |
6 |
4.0 |
petrol |
manual |
|
31 |
2001-2010 |
10.8 |
6 |
4.0 |
petrol |
manual |
|
32 |
2001-2010 |
10.3 |
6 |
4.0 |
petrol |
automatic |
|
33 |
2011+ |
11.3 |
6 |
4.0 |
petrol |
manual |
|
34 |
2011+ |
10.1 |
6 |
4.0 |
petrol |
automatic |
|
35 |
1991-2000 |
9.2 |
6 |
3.0 |
petrol |
manual |
|
36 |
1991-2000 |
9.0 |
6 |
3.0 |
petrol |
automatic |
|
37 |
2001-2010 |
11.7 |
6 |
3.5 |
petrol |
manual |
|
38 |
2011+ |
10.3 |
6 |
3.7 |
petrol |
manual |
|
39 |
2011+ |
10.4 |
6 |
3.7 |
petrol |
automatic |
|
40 |
1991-2000 |
10.5 |
8 |
5.0 |
petrol |
manual |
|
41 |
1991-2000 |
11.3 |
8 |
5.0 |
petrol |
automatic |
|
42 |
2001-2010 |
14.3 |
8 |
6.0 |
petrol |
manual |
|
43 |
2001-2010 |
14.2 |
8 |
6.0 |
petrol |
automatic |
|
44 |
2011+ |
11.6 |
8 |
6.0 |
petrol |
manual |
|
45 |
2011+ |
11.7 |
8 |
6.0 |
petrol |
automatic |
|
46 |
1991-2000 |
9.8 |
8 |
5.5 |
petrol |
automatic |
|
47 |
2001-2010 |
14.1 |
8 |
6.2 |
petrol |
automatic |
|
48 |
2011+ |
9.8 |
8 |
5.5 |
petrol |
automatic |
The sample averages of fuel economy for manual and automatic
sedans in this sample are 7.854 L/100km and 9.09 L/100km,
respectively. Based on this, one of the investigators has suggested
that it may be possible to predict the transmission type of a sedan
from its fuel economy, using a formal statistical analysis.
(a) Using R, create a new variable isauto that takes the value 1 if
the transmission type is automatic, or a 0 if the transmission type
is manual. You should show the command you used to do this.
(b) You should then fit an appropriate statistical model that
describes the probability of a randomly chosen car having an
utomatic transmission, where the fuel economy is a predictor. You
should ensure you show the command you used to do this, and provide
the coefficient/summary table.
(c) Is fuel economy a significant predictor of the probability of a
randomly chosen car having an automatic transmission?
(d) Your friend is looking to purchase a sedan with a manual
transmission from an online seller, who has not included the
transmission type of the car in the advertisement description.
However, the seller has stated in the advert that his 60L tank
gives a range of 730km. Whether or not you found fuel economy to be
a significant predictor in (d), calculate the average fuel economy
and hence determine the model estimate of the probability of the
car having a manual transmission.
In: Statistics and Probability
Shanghai Enterprises has asked for your assistance in preparing a cash budget for the month of December 2020 and has provided projected sales revenue data below:
Projected sales: October 2020 $144,000
November 2020 $205,000
December 2020 $220,000
All sales are on credit with 65% collected during the month of sale, 18% collected during the month following the sale, 15% during the second month after the sale and 2% uncollectable.
Required:
a) Prepare the cash receipts section of a cash budget for Shanghai Enterprises for the month of December 2020.
b) Explain how Shanghai Enterprises would go about constructing a cash budget for the first three months of 2021. Note that Shanghai plans to purchase a major piece of equipment costing $500,000 in February 2021.
Please solve a and b both as I need help in both the sections. Thanks for the help:)
In: Accounting
Bruzzone industries decided to construct a new plant and began construction on January 1, 2010 and complete construction on January 1, 2012, Assume bruzzone has a weighted average interest rate on their debt of 14% and that total actually interest paid on all existing debt each December 31 is $700,000. Bruzzone had the following expenditures related to the construction.
January 1, 2010 $2,600,000
July 1, 2010 $1,000,000
April 1, 2011 $800,000
What amount of interest will be capitalized for the year 2010?
a) $112,000
b) $434,000
c)$504,000
d) $588,000
e)616,000
f) $658,000
g) 700,000
Assume the amount of interest capitilized during 2010 was $500,000. What amount of interest will be capitalized for the year 2011?
a) $112,000
b) $434,000
c)$504,000
d) $588,000
e)616,000
f) $658,000
g) 700,000
In: Accounting
part a
calculate the sample autocorrelation function and provide an interpretation
part b
construct an individual control chart with the standard deviation estimated using the moving range method. how would ypu interpret the chart? are ypu comfortable with this interpretation?
data
2048, 2025, 2017, 1995, 1983, 1943, 1940, 1947, 1972, 1983, 1935, 1948, 1966, 1954, 1970, 2039, 2015, 2021, 2010, 2012, 2003, 1979, 2006, 2042, 2000, 2002, 2010, 1975, 1983, 2021, 2051, 2056, 2018, 2030, 2023, 2036, 2019, 2000, 1986, 1952, 1988, 2016, 2002, 2004, 2018, 2002, 1967, 1994, 2001, 2013, 2016, 2019, 2036, 2015, 2032, 2016, 2000, 1988, 2010, 2015, 2029, 2016, 2010, 2000, 2009, 1990, 1986, 1947, 1958, 1983, 2010, 2000, 2015, 2032
In: Statistics and Probability
In: Accounting
On February 1, 2010, Marcos Contractors agreed to construct a building at a contract price of $3,000,000. Marcos estimated total construction costs would be $2,000,000 and the project would be finished in 2012. Information relating to the costs and billings for this contract is as follows:
? 2010?? 2011?? 2012?
Total costs incurred to date?$ 750,000?$1,320,000?$2,300,000
Estimated costs to complete?1,250,000? 880,000?-0-
Customer billings to date?1,100,000? 2,000,000?3,000,000
Collections to date?1,000,000? 1,750,000?2,950,000
Instructions
1. Fill in the correct amounts on the following schedule. For percentage-of-completion and for completed-contract accounting, show the gross profit that should be recorded for 2010, 2011, and 2012.
2. Prepare all entries for 2010, 2011, and 2012 for Marco.
3. Prepare Statement of Financial Position ends of 2010, 2012 and 2011(if any) under Percentage of-completion-method, completed-contract method.
In: Accounting