Choose a leader whose actions you admire - someone you look up to or think of as a hero. Share in the discussion who it is and what qualities of this person you wish to emulate. Please elaborate on the skills, qualities, habits, etc. that you recognize in this individual.
In: Operations Management
In: Economics
Cullumber Company had the following selected
transactions.
| Feb. 2 | Purchases supplies from Supplies R Us on account for $2,000. | |
| 10 | Cash register sales total $33,700, plus 5% GST and 8% PST. | |
| 15 | Signs a $27,300, six-month, 6%-interest-bearing note payable to MidiBank and receives $27,300 in cash. | |
| 21 | The payroll for the previous two weeks consists of salaries of $39,000. All salaries are subject to CPP of $1,800 and EI of $730 and income tax of $6,900. The salaries are paid on February 28. The employer’s payroll expense is also recorded. | |
| 28 | Accrues interest on the MidiBank note payable. | |
| 28 | Accrues the required warranty provision because some of the sales were made under warranty. Of the units sold under warranty, 270 are expected to become defective. Repair costs are estimated to be $30 per unit. | |
| 28 | Pays employees the salaries for the pay period ending February 21. | |
| Mar. 1 | Remits the sales taxes to the Province and GST to the Receiver General for the February 10 sales. | |
| 2 | Makes the payment to Supplies R Us from the February purchase. | |
| 15 | Remits the payroll taxes owing from the February 21 payroll to the Receiver General. |
Journalize the February and March transactions.
In: Accounting
Crane Company had the following selected transactions.
| Feb. 2 | Purchases supplies from Supplies R Us on account for $2,500. | |
| 10 | Cash register sales total $42,300, plus 5% GST and 8% PST. | |
| 15 | Signs a $34,300, six-month, 6%-interest-bearing note payable to MidiBank and receives $34,300 in cash. | |
| 21 | The payroll for the previous two weeks consists of salaries of $49,000. All salaries are subject to CPP of $2,262 and EI of $920 and income tax of $8,700. The salaries are paid on February 28. The employer’s payroll expense is also recorded. | |
| 28 | Accrues interest on the MidiBank note payable. | |
| 28 | Accrues the required warranty provision because some of the sales were made under warranty. Of the units sold under warranty, 340 are expected to become defective. Repair costs are estimated to be $40 per unit. | |
| 28 | Pays employees the salaries for the pay period ending February 21. | |
| Mar. 1 | Remits the sales taxes to the Province and GST to the Receiver General for the February 10 sales. | |
| 2 | Makes the payment to Supplies R Us from the February purchase. | |
| 15 | Remits the payroll taxes owing from the February 21 payroll to the Receiver General. |
In: Accounting
Pharoah Company had the following selected
transactions.
| Feb. 2 | Purchases supplies from Supplies R Us on account for $2,700. | |
| 10 | Cash register sales total $46,700, plus 5% GST and 8% PST. | |
| 15 | Signs a $37,800, six-month, 6%-interest-bearing note payable to MidiBank and receives $37,800 in cash. | |
| 21 | The payroll for the previous two weeks consists of salaries of $54,000. All salaries are subject to CPP of $2,493 and EI of $1,020 and income tax of $9,600. The salaries are paid on February 28. The employer’s payroll expense is also recorded. | |
| 28 | Accrues interest on the MidiBank note payable. | |
| 28 | Accrues the required warranty provision because some of the sales were made under warranty. Of the units sold under warranty, 380 are expected to become defective. Repair costs are estimated to be $40 per unit. | |
| 28 | Pays employees the salaries for the pay period ending February 21. | |
| Mar. 1 | Remits the sales taxes to the Province and GST to the Receiver General for the February 10 sales. | |
| 2 | Makes the payment to Supplies R Us from the February purchase. | |
| 15 | Remits the payroll taxes owing from the February 21 payroll to the Receiver General. |
In: Accounting
The Michael Scott Paper company has two retail outlets not far from each other (let us denote them by A and B). Assume that they sell one kind of plain paper. Weekly demand in each store is identical and is given by the following forecast — demand is either 3 units or 5 units with equal likelihood. Further, assume that the demands across the two outlets are independent. The cost structure for plain paper is as follows — revenue per unit of sale is $4. The cost of purchasing is $1.6 per unit (do not worry what units we are dealing with, the costs and demand have been scaled suitably). Ignore all other costs including the holding cost of inventory and the goodwill cost of a lost sale, which for the purposes of this computation, we assume to be zero. Consider a weekly time horizon. Also assume zero salvage costs.
1) If each store makes independent stocking decisions, how much should each store stock in anticipation of demand?
2) Jim Halpert, the inventory manager of the paper company, decides to come up with a different operational structure. He realizes there is an empty warehouse close to both stores. He decides to buy and store inventory in this central warehouse and replenish instantaneously when stores have demand. What is the new optimal stocking quantity in this central warehouse? What operational strategy is Jim Halpert attempting to leverage? Given the same cost and revenue structure, will he save any costs or will the costs increase? Justify your results with computation.
In: Operations Management
Ask a member of the Human Resources team (or the person who does the hiring) at your work what they see as the key characteristics of a successful manager. In the discussion thread, provide a summary, answering the following questions: What company do you work for and what is the role of the individual you interviewed? What are the key characteristics of a successful manager that your colleague described? What are your thoughts on your colleaguebs response? OR Find an article discussing the key characteristics of a successful manager. Post a link to the article in the discussion thread and provide a summary of the following: What is the role and background of the author of the article? What are the key characteristics of a successful manager detailed in the article? What are your thoughts on these characteristics?
In: Operations Management
1) A group of 41 college students from a certain liberal arts college were randomly sampled and asked about the number of alcoholic drinks they have in a typical week. The purpose of this study was to compare the drinking habits of the students at the college to the drinking habits of college students in general. In particular, the dean of students, who initiated this study, would like to check whether the mean number of alcoholic drinks that students at his college in a typical week differs from the mean of U.S. college students in general, which is estimated to be 4.73.
The group of 41 students in the study reported an average of 4.44 drinks per with a standard deviation of 3.55 drinks.
Find the p-value for the hypothesis test.
The p-value should be rounded to 4-decimal places.
2) Commute times in the U.S. are heavily skewed to the right. We select a random sample of 520 people from the 2000 U.S. Census who reported a non-zero commute time.
In this sample, the mean commute time is 28.1 minutes with a standard deviation of 19.2 minutes. Can we conclude from this data that the mean commute time in the U.S. is less than half an hour? Conduct a hypothesis test at the 5% level of significance.
What is the p-value for this hypothesis test?
(Your answer should be rounded to 4 decimal places.)
3) Dean Halverson recently read that full-time college students study 20 hours each week. She decides to do a study at her university to see if there is evidence to show that this is not true at her university. A random sample of 34 students were asked to keep a diary of their activities over a period of several weeks. It was found that the average number of hours that the 34 students studied each week was 17.9 hours. The sample standard deviation of 4.6 hours.
Find the p-value.
The p-value should be rounded to 4-decimal places.
In: Math
"Taxing Multinational Transactions" “WakeUP”, a Mississippi company that produces coffee products, sells their products throughout the United States and is considering expanding its business into Europe. If so, they will have income derived from sales to US Customers and income derived from sales within Europe. Assess the impacts that selling their products abroad will have to WakeUP and any tax incentives that will apply to their situation.
In: Accounting
Describe and explain the expected evolutionary consequences due to genetic drift, shortly after the transport of the four moose, on (1) the New Brunswick population and (2) the Newfoundland moose population
In: Biology