The Starr Theater, owned by Meg Vargo, will begin operations in
March. The Starr will be unique in that it will show only triple
features of sequential theme movies. As of March 1, the ledger of
Starr showed: Cash $2,950, Land $22,000, Buildings (concession
stand, projection room, ticket booth, and screen) $10,000,
Equipment $10,000, Accounts Payable $6,000, and Owner’s Capital
$38,950. During the month of March, the following events and
transactions occurred.
| Mar. 2 | Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The film rental was $3,000; $1,400 was paid in cash and $1,600 will be paid on March 10. | |
| 3 | Ordered the Lord of the Rings movies to be shown the last 10 days of March. It will cost $150 per night. | |
| 9 | Received $4,000 cash from admissions. | |
| 10 | Paid balance due on Indiana Jones movies rental and $1,500 on March 1 accounts payable. | |
| 11 | Starr Theater contracted with Adam Ladd to operate the concession stand. Ladd is to pay 15% of gross concession receipts, payable monthly, for the rental of the concession stand. | |
| 12 | Paid advertising expenses $700. | |
| 20 | Received $5,000 cash from customers for admissions. | |
| 20 | Received the Lord of the Rings movies and paid the rental fee of $1,500. | |
| 31 | Paid salaries of $2,500. | |
| 31 | Received statement from Adam Ladd showing gross receipts from concessions of $5,000 and the balance due to Starr Theater of $750 ($5,000 × 15%) for March. Ladd paid one-half the balance due and will remit the remainder on April 5. | |
| 31 | Received $8,900 cash from customers for admissions. |
1.) Enter the beginning balances in the ledger.
2.) Journalize the March transactions. Starr records admission
revenue as service revenue, rental of the concession stand as rent
revenue, and film rental expense as rent
expense.(Credit account titles are automatically
indented when the amount is entered. Do not indent manually. Record
journal entries in the order presented in the problem. If no entry
is required, select "No Entry" for the account titles and enter 0
for the amounts.)
3.) Post the March journal entries to the ledger.
(Post entries in the order of journal entries presented
in the previous question.)
In: Accounting
|
| 1.) Enter the beginning balances in the ledger. 2.) Journalize the March transactions. Starr records admission revenue as service revenue, rental of the concession stand as rent revenue, and film rental expense as rent expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 3.) Post the March journal entries to the ledger. (Post entries in the order of journal entries presented in the previous question.) |
In: Accounting
Melanie is the manager of the Clean Machine car wash and has gathered the following information. Customers arrive at a rate of eight per hour according to a Poisson distribution. The car washer can service an average of ten cars per hour with service times described by an ex- ponential distribution. Melanie is concerned about the number of customers waiting in line. She has asked you to calculate the following system characteristics:
(a) Average system utilization 8/10=0.8= 80%
(b) Average number of customers in the system 8/(10-8)=8/2= 4
(c) Average number of customers waiting in line 8^2/10(10-8)= 64/20= 3.2 customers
2. Melanie realizes that how long the customer must wait is also very important. She is also concerned about customers balking when the waiting line is too long. Using the arrival and service rates in Problem 1, she wants you to calculate the following system characteristics:
(a) The average time a customer spends in the system 1/(10-8)= ½ hours
(b) The average time a customer spends waiting in line0.8/(10-8)= 0.8/2 = 0.4 hours
(c) The probability of having more than three customers in the system 0.8^3 =0.512
(d) The probability of having more than four customers in the system 0.8^4 =0.4096
If Melanie adds an additional server at Clean Machine
car wash, the service rate changes to an average of 16 cars per
hour. The customer arrival rate is 10 cars per hour. Melanie has
asked you to calculate the following system characteristics:
(a) Average system utilization
(b) Average number of customers in the system
(c) Average number of customers waiting in line
Melanie is curious to see the difference in waiting times for customers caused by the additional server added in Problem 3. Calculate the following system characteristics for her :
(a) The average time a customer spends in the system
(b) The average time a customer spends waiting in line
(c) The probability of having more than three customers in the system
(d) The probability of having more than four customers in the system
After Melanie added another car washer at Clean Machine (service rate is an average of 16 customers per hour), business improved. Melanie now estimates that the arrival rate is 12 customers per hour. Given this new information, she wants you to calculate the fol- lowing system characteristics:
(a) Average system utilization
(b) Average number of customers in the system
(c) Average number of customers waiting in line
As usual, Melanie then requested you to calculate sys- tem characteristics concerning customer time spent in the system.
(a) Calculate the average time a customer spends in the system.
(b) Calculate the average time a customer spends waiting in line.
(c) Calculate the probability of having more than four customers in the system.
In: Advanced Math
Java program. The Spacely Sprocket company has expanded operations and is now producing 50 different kinds of sprockets. The different sprockets are numbered 1 though 50. During the month of November, orders have been taken for the different sprockets. The following input file contains records where each record contains a sprocket number (1-50) followed by the quantity ordered: November Orders.txt (this will be at the bottom)
Using the below input file of orders, rewrite the Spacely Sprocket program to produce a summary report for all 50 sprockets produced. Rather than using 50 separate accumulator variables, you must use a single array to represent the 50 different accumulators. Use the array and loops in your program to summarize the orders and output the report. Don't forget to initialize each of the array locations to 0 (because they are accumulators). For full credit, be sure to display the report in a Scrolling Pane in a Window.
November_Orders.txt (below)
38 53 3 17 29 69 42 2 30 88 31 76 6 84 33 30 42 38 37 96 17 67 37 32 23 88 4 63 10 93 33 47 17 59 39 48 34 44 13 49 50 84 13 59 19 100 20 91 43 70 41 25 11 85 47 100 23 70 34 72 25 37 26 50 39 63 14 3 45 63 8 85 27 3 25 89 6 20 40 70 16 99 28 57 21 21 41 6 38 21 26 12 7 52 35 13 47 65 34 36 38 60 9 92 18 6 13 46 32 44 14 6 16 19 11 12 45 58 28 42 10 64 10 61 17 4 5 47 39 53 34 25 26 87 8 49 14 46 50 96 4 42 31 4 20 46 49 6 5 73 26 39 1 88 47 48 6 48 23 65 22 45 29 97 47 48 18 94 22 95 8 99 26 75 13 85 25 21 28 42 25 39 47 91 48 36 21 25 4 6 19 88 46 60 22 83 31 62 38 18 4 92 25 45 29 28 5 59 2 38 50 21 15 42 46 15 37 13 49 57 24 73 37 90 34 13 30 91 9 44 34 84 27 21 48 8 50 84 15 26 16 9 38 86 28 29 37 30 36 30 47 51 30 41 3 54 36 29 12 11 8 18 33 69 35 10 34 36 37 11 27 98 6 39 5 82 22 84 10 63 42 65 14 95 15 59 24 57 42 94 25 44 35 50 26 30 21 57 11 53 4 80 18 48 28 35 26 48 33 20 22 76 43 48 27 32 47 4 34 88 1 21 27 46 42 9 35 100 19 80 3 93 8 5 45 85 14 39 37 33 20 8 48 24 34 78 43 56 18 92 11 76 18 44 5 15 43 51 50 100 8 94 23 64 32 8 40 54 36 81 32 31 11 17 37 35 7 61 26 31 15 2 2 59 43 37 5 86 48 30 14 91 29 7 16 24 36 14 15 56 42 67 35 50 20 93 40 14 45 67 23 37 48 31 19 67 43 59 33 62 6 30 31 31 9 53 29 94 17 62 38 1 46 77 25 1 23 52 45 74 29 28 11 43 43 73 31 32 20 26 13 64 15 30 35 76 4 36 34 88 31 50 15 78 36 7 28 9 45 3 28 92 17 40 3 1 47 20 39 27 2 99 13 7 43 83 22 93 2 8 14 76 30 99 33 59 43 17 21 56 15 98 12 86 18 10 16 67 41 96 47 26 41 7 25 6 6 31 36 4 38 70 18 62 10 47 22 19 18 16 49 45 25 100 42 24 49 15 8 47 24 6 2 92 27 93 16 99 19 35 32 55 21 95 21 97 20 61 23 84 33 72 4 89 13 87 23 52 35 89 16 67 6 14 49 86 12 80 36 2 49 40 39 6 27 82 50 7 41 80 26 9 30 36 14 25 43 65 18 50 39 38 16 71 5 52 44 5 46 66 42 84 37 56 43 50 48 30 24 57 14 84 11 76 42 9 48 54 18 24 7 11 40 78 44 40 25 43 31 44 29 45 34 71 33 69 29 59 14 37 1 31 45 78 7 14 27 13 33 8 31 6 16 48 34 96 23 36 25 57 33 82 24 47 48 69 36 77 33 44 12 26 45 40 10 17 18 52 8 5 34 34 2 4 1 23 38 40 14 79 18 89 2 91 28 14 22 22 6 46 16 55 36 99 50 57 34 39 49 92 29 8 40 14 12 83 46 2 19 32 16 35 24 66 35 77 13 87 13 85 32 2 41 96 31 7 29 73 21 36 9 6 27 63 23 1 5 27 27 36 23 5 41 43 33 69 3 35 24 30 37 26 17 34 14 65 17 54 11 86 9 46 14 64 9 18 3 88 1 15 34 65 20 65 42 57 42 92 37 45 44 74 13 57 19 31 43 28 9 22 10 100 25 64 12 79 49 27 26 90 25 13 8 50 21 81 10 18 40 18 32 72 14 82 22 79 13 44 4 4 15 21 45 67 9 86 12 81 43 89 4 66 44 1 42 26 41 99 29 51 17 25 13 12 24 49 35 66 9 69 20 89 32 65 32 40 4 78 35 19 25 98 22 55 19 17 40 85 41 76 47 85 28 12 10 48 13 18 41 64 35 54 7 95 16 71 35 59 49 62 19 84 3 31 2 41 19 33 43 76 17 46 6 96 27 53 50 39 30 24 3 18 31 42 27 21 10 87 24 57 44 34 41 54 49 50 33 43 46 48 12 43 16 8 39 85 2 79 7 29 8 64 8 23 10 21 6 40 32 40 6 97 21 8 1 74 5 36 8 29 26 13 33 73 4 36 24 64 36 76 16 87 5 92 47 6 25 18 15 24 28 14 12 25 31 77 16 50 4 44 37 55 11 80 25 79 50 21 6 86 22 17 4 63 49 37 47 19 2 100 13 81 41 46 45 59 39 8 30 77 50 89 3 32 38 70 12 7 26 33 26 84 41 18 28 81 4 49 21 77 36 16 2 23 35 59 47 92 40 56 37 83 10 47 47 13 12 72 14 61 11 7 19 46 6 10 23 45 43 64 23 2 50 54 43 65 38 4 21 30 30 9 10 9 23 90 8 8 41 70 44 66 20 56 17 10 16 49 24 80 38 4 26 1 13 27 41 33 44 42 21 47 39 46 49 2 16 43 25 25 37 82 20 40 31 12 21 82 22 41 37 87 4 92 4 73 21 79 32 14 27 41 3 69 34 37 40 42 37 64 5 33 32 38 36 4 35 87 33 86 8 96 35 38 19 99 29 31 49 26 43 22 24 4 38 85 26 55 27 91 47 53 4 51 4 78 4 11 45 61 49 32 31 9 1 80 43 11 35 55 50 11 6 88 19 15 36 76 47 16 42 68 29 81 10 67 14 71 50 3 20 93 15 12 30 61 3 75 9 23 34 71 32 90 44 81 49 21 37 75 31 46 3 43 1 49 9 70 11 64 26 85 43 65 1 23 37 47 13 60 19 62 7 52 37 44 5 49 22 26 7 53 17 76 24 68 3 68 39 22 43 53 32 39 26 37 26 9 10 33 3 35 10 26 50 44 36 11 28 87 40 21 7 21 7 52 33 18 39 68 27 42 32 85 7 48 10 44 9 35 26 32 41 74 27 58 30 19 41 48 1 31 43 33 15 72 40 78 7 73 30 27 28 25 18 72 24 53 47 98 22 83 34 9 11 60 12 37 15 53 18 14 47 71 10 1 14 32 27 86 17 12 36 30 28 78 7 48 5 31 24 38 9 70 20 7 39 48 2 99 50 26 28 83 17 100 28 74 44 45 2 22 40 36 37 49 10 86 34 34 41 7 18 82 22 96 41 6 28 49 40 79 14 51 14 74 41 77 15 39 14 84 29 64 23 21 24 51 33 2 42 38 33 75 50 24 11 13 13 94 18 47 6 84 21 24 15 14 1 25 13 74 30 82 29 66 23 90 7 31 26 61 20 79 38 59 9 41 32 24 20 77 46 28 47 84 49 4 33 25 7 39 41 15 30 89 12 18 1 10 35 64 38 20 3 32 30 93 37 34 18 1 24 6 21 48 30 32 23 11 15 28 43 40 11 66 37 61 29 42 29 19 24 91 4 20 38 100 29 24 22 88 9 31 4 28 20 13 7 9 12 57 2 84 21 35 5 20 19 59 31 8 10 74 3 26 29 81 10 13 31 43 12 65 48 87 38 69 35 98 34 92 38 96 32 48 48 12 16 7 19 93 40 71 18 24 17 84 23 11 29 52 12 39 32 11 37 26 16 33 41 77 16 51 2 2 14 61 7 60 50 76 40 71 40 42 35 8 50 42 9 48 35 92 36 84 25 99 5 6 1 33 20 86 48 64 14 68 7 51 3 6 43 90 48 89 21 78 15 83 3 17 37 25 7 75 34 32 39 90 43 35 13 47 2 13 34 65 46 39 18 75 10 88 37 53 31 34 42 93 5 69 39 76 12 60 44 13 34 51 45 20 46 41 19 91 21 5 10 10 38 57 12 79 50 47 23 61 30 21 2 7 26 24 38 66 41 66 3 4 15 82 5 14 21 66 35 27 22 6 31 75 22 45 23 75 13 41 43 79 23 52 30 7 19 43 17 69 29 98 46 82 18 14 6 24 5 89 48 90 46 19 19 73 6 4 48 61 7 93 4 37 28 95 27 40 7 84 9 87 48 11 12 87 17 93 8 92 49 70 44 43 14 91 30 96 25 41 34 48 9 52 7 61 13 95 34 28 11 13 8 50 21 53 36 69 11 48 2 39 10 24 47 52 32 26 25 90 46 23 39 25 34 92 38 19 27 9 50 9 38 80 27 41 5 78 41 1 15 50 32 75 12 13 26 95 5 23 7 43 43 52 1 39 19 29 22 98 34 59 18 6 24 20 12 59 49 88 39 34 32 93 29 40 8 68 13 86 14 30 25 10 32 69 25 12 10 57 35 7 13 23 27 13 43 71 28 98 11 94 47 65 16 94 11 66 20 35 31 31 8 41 32 52 20 78 19 67 19 25 34 98 24 34 21 17 29 32 47 56 35 7 9 37 18 28 37 64 29 49 36 5 1 99 12 8 12 3 11 95 44 23 50 19 34 23 19 34 7 26
In: Computer Science
|
Consumer Type |
PowerPoint |
Excel |
Word |
|
Accountants |
$60 |
$175 |
$75 |
|
Marketing/Sales |
$125 |
$80 |
$135 |
|
Administrative Assistants |
$75 |
$100 |
$140 |
The above table contains the maximum prices different types of consumers are willing to pay for three software titles: PowerPoint, Excel and Word. Suppose there are 100 consumers of each type.
a. (6 pts) Which of the following three strategies has the chance of generating the highest revenue for Microsoft?
Support your answers with revenue estimates for each
strategy.
Strategy A. Charge a single price of $315 for the bundle of
PowerPoint, Excel and Word
Strategy B. Charge $60 for PowerPoint, $80 for Excel and $75 for
Word
Strategy C. Charge $125 for PowerPoint, $175 for Excel and $140 for
Word
The best strategy among A, B, and C is…
b. (4 pts) Can you suggest a strategy that would produce higher revenue that any of the above three strategies? Support your answer with numbers.
In: Economics
A bank has kept records of the checking balances of its
customers and determined that the average daily balance of its
customers is $300 with a standard deviation of $50. A random sample
of 145 checking accounts is selected.
a) What is the probability that the sample mean will be more than $307.60?
b) What is the probability that the sample mean will be between $300 and $310?
c) What is the probability that the sample mean will be at least $296?
In: Statistics and Probability
The mean cholesterol levels of women age 45-59 in Ghana, Nigeria, and Seychelles is 5.1 mmol/l and the standard deviation is 1.0 mmol/l (Lawes, Hoorn, Law & Rodgers, 2004). Assume that cholesterol levels are normally distributed.
I'm answering these questions using the "normalcdf" function in my TI-84. I'm not sure how to get the new standard deviation/numbers I'm averaging for 2 and 3.
In: Statistics and Probability
Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system.
| Date | Transactions | Units | Unit Cost | Total Cost | ||||||||||||
| March | 1 | Beginning inventory | 20 | $ | 225 | $ | 4,500 | |||||||||
| March | 5 | Sale ($350 each) | 15 | |||||||||||||
| March | 9 | Purchase | 10 | 245 | 2,450 | |||||||||||
| March | 17 | Sale ($400 each) | 8 | |||||||||||||
| March | 22 | Purchase | 10 | 255 | 2,550 | |||||||||||
| March | 27 | Sale ($425 each) | 12 | |||||||||||||
| March | 30 | Purchase | 7 | 275 | 1,925 | |||||||||||
| $ | 11,425 | |||||||||||||||
5. Calculate sales revenue and
gross profit under each of the four methods. (Round
weighted-average cost amounts to 2 decimal places.)
| specific identification | FIFO | LIFO | Weighted Average Cost | |
| Sales Revenue | ||||
| Gross Profit |
In: Accounting
In MatLab, using linprog:
3.8.Paul has 2200 per year to invest over the next five years. At the beginning of each year he can invest in one–, two–, and three–year deposits at interest rates of 8%, 17% (total) and 27% (total), respectively. If Paul reinvests his money available each year, how much should he invest in each of the three deposits each year so that his total cash at the end of the five years is a maximum?
In: Accounting
| Individual | Bettendorf | Experience (X1) | Education (X2) | Sex (X3) |
| 1 | 53600 | 5.5 | 4 | F |
| 2 | 52500 | 9 | 4 | M |
| 3 | 58900 | 4 | 5 | F |
| 4 | 59000 | 8 | 4 | M |
| 5 | 57500 | 9.5 | 5 | M |
| 6 | 55500 | 3 | 4 | F |
| 7 | 56000 | 7 | 3 | F |
| 8 | 52700 | 1.5 | 4.5 | F |
| 9 | 65000 | 8.5 | 5 | M |
| 10 | 60000 | 7.5 | 6 | F |
| 11 | 56000 | 9.5 | 2 | M |
| 12 | 54900 | 6 | 2 | F |
| 13 | 55000 | 2.5 | 4 | M |
| 14 | 60500 | 1.5 | 4.5 | M |
1. At the 5% level of significance, is there a relationship in the population between the three predictors taken as a group and the annual salary for teachers?
Select one:
a. Yes
b.Cannot be determined from the data
c.No
d.50/50 chance that there is.
Which predictor(s), if any, would you remove because it does not contribute to the regression models, using the 90% confidence level, α = .10?
Select one:
a.Sex and Experience
b. None
c. Education
d. Experience
In: Statistics and Probability