Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of its car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer. Management believes that the variable portion of its car washing costs relates to the number of rental returns. Accordingly, the following data have been compiled:
| Month | Rental Returns | Car Wash Costs | |||
| January | 2,500 | $ | 11,500 | ||
| February | 2,500 | $ | 13,400 | ||
| March | 2,800 | $ | 12,300 | ||
| April | 3,100 | $ | 15,000 | ||
| May | 3,700 | $ | 16,700 | ||
| June | 5,100 | $ | 24,300 | ||
| July | 5,600 | $ | 22,700 | ||
| August | 5,600 | $ | 23,400 | ||
| September | 4,800 | $ | 23,300 | ||
| October | 4,100 | $ | 22,600 | ||
| November | 2,200 | $ | 11,200 | ||
| December | 3,000 | $ | 16,000 | ||
Exercise 5A-2 Part 2 (Algo)
2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.)
|
In: Accounting
Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of it car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer. Management believes that the variable portion of its car washing costs relates to the number of rental returns. Accordingly, the following data have been compiled: Month Rental Returns Car Wash Costs January 2,500 $ 12,100 February 2,600 $ 13,700 March 2,800 $ 12,900 April 3,200 $ 15,900 May 3,700 $ 17,300 June 5,300 $ 25,500 July 5,600 $ 23,300 August 5,800 $ 24,900 September 4,800 $ 23,900 October 5,200 $ 24,400 November 2,300 $ 11,800 December 3,200 $ 18,100 2. Using least-squares regression, estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. What is the R2 rounded to the nearest whole percentage? (Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places.) fixed cost per month= variable cost per rental return= r-square=
In: Accounting
A survey conducted for the Northwestern National Life Insurance Company revealed that 70% of American workers say job stress caused frequent health problems. One in three said they expected to burn out in the job in the near future. Thirty-four percent said they thought seriously about quitting their job last year because of work-place stress. Fifty-three percent said they were required to work more than 40 hours a week very often or somewhat often. a. Suppose a random sample of 10 American workers is selected.What is the probability that more than seven of them say job stress caused frequent health problems? What is the expected number of workers who say job stress caused frequent health problems? b. Suppose a random sample of 15 American workers is selected. What is the expected number of these sampled workers who say they will burn out in the near future? What is the probability that none of the workers say they will burn out in the near future? c. Suppose a sample of seven workers is selected randomly. What is the probability that all seven say they are asked very often or somewhat often to work more than 40 hours a week? If this outcome actually happened, what might you conclude?
In: Statistics and Probability
Use starUML to solve the problems.THX
Problem
Create a domain model for this system.
Virtual Safari is an augmented reality game similar to Pokémon Go.
A virtual jungle is populated by several kinds of agents: hunters (equipped with a smart phone containing a GPS device), monster factories, and ammo factories.
Agents have locations. These locations correspond to actual locations on a Google Map.
As a hunter moves, his location is updated. All nearby factories are displayed.
If a hunter is very near an ammo factory, he may request and receive 10 bullets (per hour) or he may purchase any number of bullets. (When this happens the hunter's account is debited.)
If a hunter is very near a monster factory, the factory waits a random time interval, spawns a monster, and then displays it to all very near hunters.
A monster has a type. The type of the monster tells the monster's name (e.g., Charmander, Squirle, Metapod) and integer value. The bigger the value, the harder it is to kill that type of monster.
Elite factories produce high-value types of monsters. They are rare and produce monsters infrequently.
A hunter can shoot a bullet at a monster. If enough bullets hit the monster, the monster is killed and added to the hunter's trophy room. The hunter's status is the sum of the values of all monsters in his trophy room.
In: Computer Science
The Crane Hotel opened for business on May 1, 2022. Here is its
trial balance before adjustment on May 31.
| CRANE HOTEL Trial Balance May 31, 2022 |
||||||
|---|---|---|---|---|---|---|
|
Debit |
Credit |
|||||
|
Cash |
$ 2,403 | |||||
|
Supplies |
2,600 | |||||
|
Prepaid Insurance |
1,800 | |||||
|
Land |
14,903 | |||||
|
Buildings |
70,000 | |||||
|
Equipment |
16,800 | |||||
|
Accounts Payable |
$ 4,603 | |||||
|
Unearned Rent Revenue |
3,300 | |||||
|
Mortgage Payable |
36,000 | |||||
|
Common Stock |
59,903 | |||||
|
Rent Revenue |
9,000 | |||||
|
Salaries and Wages Expense |
3,000 | |||||
|
Utilities Expense |
800 | |||||
|
Advertising Expense |
500 |
|||||
|
$112,806 |
$112,806 |
|||||
Other data:
| 1. | Insurance expires at the rate of $450 per month. | |
| 2. | A count of supplies shows $1,160 of unused supplies on May 31. | |
| 3. | (a) Annual depreciation is $3,480 on the building. | |
| (b) Annual depreciation is $2,880 on equipment. | ||
| 4. | The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) | |
| 5. | Unearned rent of $2,580 has been earned. | |
| 6. |
Salaries of $760 are accrued and unpaid at May 31. |
Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.)
In: Accounting
1) A new cream that advertises that it can reduce wrinkles and improve skin was subject to a recent study. A sample of 63women over the age of 50 used the new cream for 6 months. Of those 63women, 36 of them reported skin improvement(as judged by a dermatologist). Is this evidence that the cream will improve the skin of more than 60% of women over the age of 50? Test using ?=0.01
(a) Test statistic: ?=
(b) Critical Value: ?∗=
2) A survey of 1325 people who took trips revealed that 140 of them included a visit to a theme park. Based on those survery results, a management consultant claims that less than 12% of trips include a theme park visit. Test this claim using the ?=0.01 significance level.
The test statistic is ?
The critical value is?
3) A new cream that advertises that it can reduce wrinkles and improve skin was subject to a recent study. A sample of 54 women over the age of 50 used the new cream for 6 months. Of those 54 women, 32 of them reported skin improvement(as judged by a dermatologist). Is this evidence that the cream will improve the skin of more than 60% of women over the age of 50? Test using ?=0.05
test statistics ?=
rejection region ?>
In: Statistics and Probability
What's the process of each one and result? A singer quartet consisting of Angel, Betty, Carlos and Diana wants to practice their singing. However due to the pandemic they decide to do so at a baseball park to keep social distancing. Angel stands on the home plate, Betty goes to third base, Carlos to second base and Diana to first base. While they are getting ready a bird flies along the line joining third base and home, Betty says “That bird is singing at a frequency of 350 hertz”, but Angel says “No, it is singing at 340 hertz.” Soon after the bird leaves the park Diana sings a 440 hertz note, Carlos hears it 0.1 second later and sings a 261 hertz note. Part a Make a drawing of the bird’s flight path along the line joining third base and home, with an arrow indicating the direction of flight, towards home or away from home. Part b Explain why you chose that direction, include any equations that support your explanation. Part c How far is Carlos from Diana? Show your calculations. Part d What is the period of Carlos’ note at 261 Hertz. Include your calculations
In: Physics
Tommy Shelby lives in Mahebourg. On 15 June 2020, he lost his
job as bartender in a hotel in the southern part of Mauritius, due
to the COVID-19 pandemic. He was offered Rs200,000 as severance
allowance, for his 5 years of loyal service to the hotel. Taking
into consideration the craze which online purchases took during the
national confinement period, he is now thinking of investing the
severance allowance money, to launch an e-commerce website for the
sales of products. He is thinking of selling all types of tangible
products that can be ordered online. He intends to earn a
percentage of all sales made online, through his platform.
However, Tommy Shelby neither has any knowledge of information
systems, nor any experience in electronic business. Therefore, your
contribution is required to help Tommy Shelby set up his business
by working out the following assignment.
1. Use the Porter 5 Forces Model to analyse the market viability
for Tommy Shelby’s business.
2. Discuss how the STEEPLED factors can influence
internationalization of Tommy Shelby’s e-commerce platform.
3. Define the strategies that Tommy Shelby need to put in place for
his business to succeed and sustain.
In: Economics
1. On Friday March 10th 2017, around 11pm your instructor Mr. Tamba Yaradouno was at O'Hare International Airport in Chicago picking up a relative. At the passengers arrival what they call "Vestibule" or numbered gates, he could not park and waited for long. The area was packed, airport security cars flashing lights everywhere not allowing anyone to park but just enough time to pick up people.
On Friday October 12th 2018 at about same time your instructor was at the same spot of that airport to surprisingly notice that the area was completely empty and sat there for almost two hours.
Explain in your words in two pages including graphs (hand written or typed, Microsoft office word, times new roman, 12 fonds, double spaced):
a. What has happened to the demand curve of tourists visiting Chicago and the USA in general.
b. What could happened to both demand and supply curves of airport jobs, to the international flights into the USA if this trend of tourists decline continue.
Note: Do not include COVID- 19 here, this is the change of the world view of the USA from the Obama administration compared to President Trump and thus the changes of the number of tourists visiting USA
In: Economics
ABC company is considering producing a new range of smartphones that will require it to build a
new factory. Feasibility studies have been done on the factory which cost $5 million. The studies
have found the following:
The factory will cost $25 million and will have a useful life of 20 years.
The land where the factory will go is currently used as a carpark for workers and it is assumed that the company will have to pay $200000 per year for their workers to park in a nearby carpark.
The factory will be depreciated on a straight line basis and will have a salvage value of $0 but it is believed that most of it can be sold for scrap after 20 years for $50000.
Due to the nature of the business they are in, they will have to perform some environmental tests to make sure that some of the chemicals they are using are not entering the ground water around the factory. These tests will be performed every 5 years and cost $625000.
Through the building of this factory and the selling of the phones it produces, it’s revenue will increase by $5 million in year 1 and remain at this level for the operational life of the factory.
The extra costs that the company accrues per year due to the project are $435000 for labour, $50000 for overhead like power and water bills and marketing costs for the new line of phones will be $500000 per year but will decrease by $15000 per year as the phone gains greater penetration.
The company’s current cost of capital is 8% per year.
The tax rate is 30%.
The project requires an initial investment in working capital of $1000000 that is returned
in year 20.
Use the above information to answer the following.
A. Calculate the free cash flows that come from this project for the 20 years it is operational.
In: Finance