A retail company has started a new advertising campaign in order to increase sales. In the past, the mean spending in both the 18–35 and 35+ age groups was at most $70.00

a. Formulate a hypothesis test to determine if the mean spending has statistically increased to more than $70.00.

b. After the new advertising campaign was launched, a marketing study found that the sample mean spending for 400 respondents in the 18–35 age group was $73.65, with a sample standard deviation of $56.60. Is there sufficient evidence to conclude that the advertising strategy significantly increased sales in this age group with significance level of 5%?

c. For 600 respondents in the 35+ age group, the sample mean and sample standard deviation were $73.42 and $45.44, respectively. Is there sufficient evidence to conclude that the advertising strategy significantly increased sales in this age group with significance level of 5%?

please show work on excel!!!

A retail company has started a new advertising campaign in order to increase sales. In the past, the mean spending in both the 18–35 and 35+ age groups was at most $70.00.

a. Formulate a hypothesis test to determine if the mean spending has statistically increased to more than $70.00.

b. After the new advertising campaign was launched, a marketing study found that the sample mean spending for 400 respondents in the 18–35 age group was $73.65, with a sample standard deviation of $56.60. Is there sufficient evidence to conclude that the advertising strategy significantly increased sales in this age group with significance level of 5%?

c. For 600 respondents in the 35+ age group, the sample mean and sample standard deviation were $73.42 and $45.44, respectively. Is there sufficient evidence to conclude that the advertising strategy significantly increased sales in this age group with significance level of 5%?

A retail company has started a new advertising campaign in order to increase sales. In the past, the mean spending in both the 18–35 and 35+ age groups was at most $70.00.

a. Formulate a hypothesis test to determine if the mean spending has statistically increased to more than $70.00.

b. After the new advertising campaign was launched, a marketing study found that the sample mean spending for 400 respondents in the 18–35 age group was $73.65, with a sample standard deviation of $56.60. Is there sufficient evidence to conclude that the advertising strategy significantly increased sales in this age group with significance level of 5%?

c. For 600 respondents in the 35+ age group, the sample mean and sample standard deviation were $73.42 and $45.44, respectively. Is there sufficient evidence to conclude that the advertising strategy significantly increased sales in this age group with significance level of 5%?

Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2020.

Your assistant has prepared two budgets: (1) the manufacturing overhead budget shows expected costs to be 125% of direct labor cost, and (2) the direct materials budget for Tarr shows the cost of Tarr purchases to be $301,000 in quarter 1 and $422,500 in quarter 2.

Prepare the budgeted multiple-step income statement for the first 6 months

In your opinion, should the government cut its spending levels, and if so, what specific area should be cut first? Explain your reasoning. What could be the possible unintended consequences of such a cut?

Jamdown & Associates Ltd produces two products, Glam120 and Glam220. The following table provides information on budgeted production for 2018:

                                                     Production Forecast

Notes:

It is the company’s policy to have stock on hand at the end of each quarter equaling to 10% of production for the next quarter.

Budgeted production for the first quarter of 2019 were: Glam120, 7,000 units and Glam220, 5,800 units.

During 2018, the company plans to sell one unit of Glam120 for $600 and one unit of Glam220 for $700.       

Management has forecasted that variable overhead cost per unit for Glam120 and Glam200 would be $100 and $120 respectively during 2018, while fixed overheads for the same period were estimated to be $2,400,000 and would be incurred in equal amounts quarterly.

Required:

Calculate the number of units to be sold for both products during each quarter of 2018.

Prepare the sales budget for 2018.

Prepare the overhead cost budget for the four quarters in 2018.

Explain what is meant by a limiting budget factor.

Describe two limiting factors that could influence the achievement of Jamdown & Associates profit objectives for 2018.

Jamdown & Associates Ltd produces two products, Glam120 and Glam220. The following table provides information on budgeted production for 2018:

                                                     Production Forecast

Notes:

It is the company’s policy to have stock on hand at the end of each quarter equaling to 10% of production for the next quarter.

Budgeted production for the first quarter of 2019 were: Glam120, 7,000 units and Glam220, 5,800 units.

During 2018, the company plans to sell one unit of Glam120 for $600 and one unit of Glam220 for $700.       

Management has forecasted that variable overhead cost per unit for Glam120 and Glam200 would be $100 and $120 respectively during 2018, while fixed overheads for the same period were estimated to be $2,400,000 and would be incurred in equal amounts quarterly.

Required:

Calculate the number of units to be sold for both products during each quarter of 2018.

Prepare the sales budget for 2018.

Prepare the overhead cost budget for the four quarters in 2018.

Explain what is meant by a limiting budget factor.

Describe two limiting factors that could influence the achievement of Jamdown & Associates profit objectives for 2018.

1. Derick Preuss is considering the purchase of a 2018 Slobiru PZX. After trading in his 2013 Trombona-12 and paying $2,000, he would owe $29,508. Given his 821 FICO score, Chase Finance will finance his car for five years at 3.8%.
   1. What will his monthly payments be? (First, use PMT in Excel; then, solve for A in the PVA equation—cf. the “Calculator_bondvaluation” file I provided).

1. Use Excel to prepare a Loan Amortization Schedule for the Chase loan. Assume an ordinary annuity. The first payment is due one month after initiation. Make sure to adjust the final payment so as to reach a final balance of zero.

Explain, how following conditions influence affinity of hemoglobin and myoglobin to oxygen:
a) falling of pH in blood plasma from pH=7.4 to pH=7.2.
b) falling of partial pressure of CO2 from 6 kPa to 2 kPa
c) Increase in BPG level from 5 mM to 8 mM.

          Fjällräven is a Swedish company specializing in outdoor equipment—mostly clothing and rucksacks. Fjällräven was founded in 1960 by Åke Nordin(1936–2013). Its most popular product is the Kånken rucksack (shown below). The Fjällräven Kånken rucksack which is made from tent fabric proved comfortable and durable. It made the brand well known in just a decade.

          The company has a strong market presence in the Nordic countries. It is also represented in other European countries, especially Germany. The company would like to expand and increase sales in the US market, however, the US market is crowded with strong competitors such as JanSport, the North Face, among others.

          Your task is to come up with a promotional strategy for Fjällräven’s Kånken rucksack. Feel free to use any promotional tools we have talked about in class so far, be creative! Make sure you specify the target market (e.g., segments) and have a clear message.