Company XYZ a baby ware makes company servers three regions near Iowa and maintains consignment inventory (owned by ZZY) at each location. Currently. ZZy uses refrigerated TL transportation to deliver separately to each customer. Each truck costs $700 plus $150 per stop. KAR Food is considering aggregating deliveries to Iowa on a single truck. A careful study of the sales regions revealed three large customers, three medium-sized customers, and ten small customers. Demand at the large customer is 60 tons a year, demand at the medium customer is 24 tons per year, and demand at the small customer is 8 tons per year. Product cost for ZZZY Company is $10,000 per ton, and it uses an annual holding cost of 25 percent. Truck capacity is 12 tons.

a. What is the annual transportation and holding cost if ZZY ships a full truckload to each customer when they are running out of stock?

b. What is the optimal delivery policy to each customer if ZZY Company ships separately to each of them? What is the annual transportation and holding cost?

c. What is the optimal delivery policy to each customer if ZZY Company aggregates shipments to each of the three customers on every truck that goes to Iowa? What is the annual transportation and holding cost?

d. Can you come up with a tailored policy that has lower costs than the policies in (b) or (c)? What are the costs and inventories for your suggested policy?

A woman sued a computer keyboard manufacturer, charging that her repetitive stress injuries were caused by the keyboard. The jury awarded about $3.5 million for pain and suffering, but the court then set aside that award as being unreasonable compensation. In making this determination, the court identified a "normative" group of 27 similar cases and specified a reasonable award as one within 2 standard deviations of the mean of the awards in the 27 cases. The 27 award amounts (in thousands of dollars) are in the table below.

What is the maximum possible amount (in thousands of dollars) that could be awarded under the "2-standard deviations rule"? (Round your answer to three decimal places.)

Teresa Greene owns and manages a craft and material shop called All Sewn Up. Most of the revenue of All Sewn Up is from the sale of craft materials, although some revenue is made by giving craft lessons to groups of six customers at a time. As Teresa’s shop relies on many suppliers of small amounts of different craft materials, she has difficulty keeping track of all her accounts payable. Teresa is not very well organised and so struggles to send out accounts to her customers or collect money from them. Teresa is considering implementing a computerised accounting system as she has been doing a computer course at a local TAFE and feels that it could help her to be more organised.

Required:

1. Discuss what source documents would be required in a manual accounting system in order to record the sales to customers and receipt of cash, and to ensure correct payment of money to suppliers? You should also discuss where the transactions should be recorded and the best way to manage the credit sales.

Marks: 8

2. In her computer course Teresa learnt that the focus in accounting should not be on bookkeeping but on the use of the information ‘inside the computer’ to make better decisions and to better manage the business. In what ways could a computerised accounting package such as Xero help Teresa make better decisions and manage her business better?

Marks: 12

Teresa Greene owns and manages a craft and material shop called All Sewn Up. Most of the revenue of All Sewn Up is from the sale of craft materials, although some revenue is made by giving craft lessons to groups of six customers at a time. As Teresa’s shop relies on many suppliers of small amounts of different craft materials, she has difficulty keeping track of all her accounts payable. Teresa is not very well organised and so struggles to send out accounts to her customers or collect money from them. Teresa is considering implementing a computerised accounting system as she has been doing a computer course at a local TAFE and feels that it could help her to be more organised.

Required: (a) Discuss what source documents would be required in a manual accounting system in order to record the sales to customers and receipt of cash, and to ensure correct payment of money to suppliers? You should also discuss where the transactions should be recorded and the best way to manage the credit sales. Marks: 8

(b) In her computer course Teresa learnt that the focus in accounting should not be on bookkeeping but on the use of the information ‘inside the computer’ to make better decisions and to better manage the business. In what ways could a computerised accounting package such as Xero help Teresa make better decisions and manage her business better?

The ages of some patients admitted to a certain hospital during a particular week were as follows: 48, 109, 31, 54, 11, 37, 18, 64, 99 , 61, 43, 40, 71, 52, 12, 65, 54, 42, 34, 62, 74, 48, 29, 19, 28, 30, 36, 49, 68, 35, 57, 126, 27, 58, 78, 72, 40, 22, 89, 61, 92, 84,100, 101, 96, 113, 79, 85, 21, 67, 94, 25, 69, 108, and 105. Construct the Stem and Leaf display from the data and list the data in an array. Also give a real-life example on the use of stem and leaf display. b- Following data is about the CGPA of two classes. By using the coefficient of variation determine which class performance is consistence Class A 2.30 2.50 3.12 3.01 2.99 3.21 3.97 3.20 2.67 Class B 1.59 4.00 2.45 3.98 1.90 2.56 3.33 3.89 2.67

The ages of some patients admitted to a certain hospital during a particular week were as follows: 48, 109, 31, 54, 11, 37, 18, 64, 99 , 61, 43, 40, 71, 52, 12, 65, 54, 42, 34, 62, 74, 48, 29, 19, 28, 30, 36, 49, 68, 35, 57, 126, 27, 58, 78, 72, 40, 22, 89, 61, 92, 84,100, 101, 96, 113, 79, 85, 21, 67, 94, 25, 69, 108, and 105. Construct the Stem and Leaf display from the data and list the data in an array. Also give a real-life example on the use of stem and leaf display. b- Following data is about the CGPA of two classes. By using the coefficient of variation determine which class performance is consistence Class A 2.30 2.50 3.12 3.01 2.99 3.21 3.97 3.20 2.67 Class B 1.59 4.00 2.45 3.98 1.90 2.56 3.33 3.89 2.67

8. A professor tests whether the loudness of noise during an exam (low, medium, and high) is independent of exam grades (pass, fail). The following table shows the observed frequencies for this test.

Part A) Conduct a chi-square test for independence at a 0.05 level of significance. (Round your answer to two decimal places.)

Decide whether to retain or reject the null hypothesis.

Part B) Compute effect size using Cramer's V. (Round your answer to two decimal places.)

9. What is Cramer's V for each of the following values for the chi-square test for independence? (Round your answers to two decimal places.)

Part A) X² = 3.63, n = 50, df_smaller = 1

Part B) X² = 9.27, n = 120, df_smaller = 2

Part C) X² = 12.23, n = 160, df_smaller = 3

1. Based on historical data, your manager believes that 31% of the company's orders come from first-time customers. A random sample of 82 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.28?

Answer =  (Enter your answer as a number accurate to 4 decimal places.)

2. In a recent year, the Better Business Bureau settled 75% of complaints they received. (Source: USA Today, March 2, 2009) You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Assume the population proportion of complaints settled for the computer stores is the 0.75, as mentioned above. Suppose your sample size is 102. What is the probability that the sample proportion will be at least 3 percent more than the population proportion?

Answer =  (Enter your answer as a number accurate to 4 decimal places.)

3. Based on historical data, your manager believes that 27% of the company's orders come from first-time customers. A random sample of 186 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.32?


Answer =  (Enter your answer as a number accurate to 4 decimal places.)

Question 3

Case 1: Otter Co. is valuing its inventory at year-end. The company has on hand $22,000 in inventory in its warehouse. The company purchased $4,500 of inventory, which was shipped on December 29 with FOB shipping terms. The company didn’t receive the items until after year-end. The company also shipped $6,900 of merchandise inventory to customers on December 27 with FOB shipping terms. The customers all received the items after year-end. What should the company record as inventory at year-end?
Case 2: Otter Co. has $16,700 of merchandise inventory in its warehouse as of the year-end. Included in this amount is $1,400 of cosigned inventory, for which Otter Co. acts as a consignee. Otter Co. did not include $2,400 of inventory that was shipped on December 29 to customers FOB destination. The customers received the items after year-end. What should the company record as inventory on its balance sheet?
Case 3: Otter Co. acts as a consigner for $5,000 of merchandise inventory at retail locations. The company has $8,900 of inventory in its warehouse. The company also has a purchase with shipping terms FOB destination in transit as of year-end that includes $1,500 of merchandise. The company has sales of $1,100 of merchandise in transit at year-end that was shipped FOB destination. What should the company record as inventory on its balance sheet?

the question is matching

1-Whether a supplier or an entity is responsible for providing the product or service desired by the customer is a strong indicator of the entity’s role in the transaction. If an entity is responsible for fulfillment, including the acceptability of the products or services ordered or purchased by the customer, that fact is

2-Unmitigated general inventory risk is a strong indicator that an entity

3-A similar and equally strong indicator of gross reporting exists if a customer arrangement involves services and

4-If an entity physically changes the product (beyond its packaging) or performs part of the service ordered by a customer, that fact may indicate that the entity

5-If an entity must determine the nature, type, characteristics, or specifications of the product or service ordered by the customer, that fact may indicate that the entity

6-If an entity earns a fixed dollar amount per customer transaction regardless of the amount billed to a customer or if it earns a stated percentage of the amount billed to a customer, that fact may indicate that the entity

7-According to ASU 2014-09, Revenue From Contracts With Customers, … outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and

(Choose the best )