Janice Huffman has decided to start Finch Cleaning, a residential housecleaning service company. She is able to rent cleaning equipment at a cost of $720 per month. Labor costs are expected to be $65 per house cleaned and supplies are expected to cost $10 per house.
Required
Determine the total expected cost of equipment rental and the average expected cost of equipment rental per house cleaned, assuming that Finch Cleaning cleans 30, 40, or 50 houses during one month. Is the cost of equipment a fixed or a variable cost?
Determine the total expected cost of labor and the average expected cost of labor per house cleaned, assuming that Finch Cleaning cleans 30, 40, or 50 houses during one month. Is the cost of labor a fixed or a variable cost?
Determine the total expected cost of supplies and the average expected cost of supplies per house cleaned, assuming that Finch Cleaning cleans 30, 40, or 50 houses during one month. Is the cost of supplies a fixed or a variable cost?
Determine the total expected cost of cleaning houses, assuming that Finch Cleaning cleans 30, 40, or 50 houses during one month.
Determine the average expected cost per house, assuming that Finch Cleaning cleans 30, 40, or 50 houses during one month.
Complete this question by entering your answers in the tabs below.
Determine the total expected cost of equipment rental and the average expected cost of equipment rental per house cleaned, assuming that Finch Cleaning cleans 30, 40, or 50 houses during one month. Is the cost of equipment a fixed or a variable cost? (Round "Average per unit" answers to 2 decimal places.)
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Determine the total expected cost of labor and the average expected cost of labor per house cleaned, assuming that Finch Cleaning cleans 30, 40, or 50 houses during one month. Is the cost of labor a fixed or a variable cost?
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Determine the total expected cost of cleaning houses, assuming that Finch Cleaning cleans 30, 40, or 50 houses during one month.
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Determine the average expected cost per house, assuming that Finch Cleaning cleans 30, 40, or 50 houses during one month. (Round your answers to 2 decimal places.)
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In: Finance
In large corporations, an "intimidator" is an employee who tries to stop communication, sometimes sabotages others, and, above all, likes to listen to him or herself talk. Let x1 be a random variable representing productive hours per week lost by peer employees of an intimidator. x1: 7 2 7 3 2 5 2 A "stressor" is an employee with a hot temper that leads to unproductive tantrums in corporate society. Let x2 be a random variable representing productive hours per week lost by peer employees of a stressor. x2: 2 2 10 8 6 2 5 8 (i) Use a calculator with sample mean and sample standard deviation keys to calculate x1, s1, x2, and s2. (Round your answers to two decimal places.) x1 = s1 = x2 = s2 = (ii) Assuming the variables x1 and x2 are independent, do the data indicate that the population mean time lost due to stressors is greater than the population mean time lost due to intimidators? Use a 5% level of significance. (Assume the population distributions of time lost due to intimidators and time lost due to stressors are each mound-shaped and symmetric.) (a) What is the level of significance? State the null and alternate hypotheses. H0: μ1 < μ2; H1: μ1 = μ2 H0: μ1 = μ2; H1: μ1 ≠ μ2 H0: μ1 = μ2; H1: μ1 < μ2 H0: μ1 = μ2; H1: μ1 > μ2 (b) What sampling distribution will you use? What assumptions are you making? The Student's t. We assume that both population distributions are approximately normal with known standard deviations. The Student's t. We assume that both population distributions are approximately normal with unknown standard deviations. The standard normal. We assume that both population distributions are approximately normal with unknown standard deviations. The standard normal. We assume that both population distributions are approximately normal with known standard deviations. What is the value of the sample test statistic? (Test the difference μ1 − μ2. Do not use rounded values. Round your final answer to three decimal places.) (c) Find (or estimate) the P-value. P-value > 0.250 0.125 < P-value < 0.250 0.050 < P-value < 0.125 0.025 < P-value < 0.050 0.005 < P-value < 0.025 P-value < 0.005 Sketch the sampling distribution and show the area corresponding to the P-value. Maple Generated Plot Maple Generated Plot Maple Generated Plot Maple Generated Plot (d) Based on your answers in parts (a) to (c), will you reject or fail to reject the null hypothesis? Are the data statistically significant at level α? At the α = 0.05 level, we reject the null hypothesis and conclude the data are not statistically significant. At the α = 0.05 level, we fail to reject the null hypothesis and conclude the data are statistically significant. At the α = 0.05 level, we reject the null hypothesis and conclude the data are statistically significant. At the α = 0.05 level, we fail to reject the null hypothesis and conclude the data are not statistically significant. (e) Interpret your conclusion in the context of the application. Fail to reject the null hypothesis, there is sufficient evidence that the mean time lost due to stressors is greater than the mean time lost due to intimidators. Reject the null hypothesis, there is insufficient evidence that the mean time lost due to stressors is greater than the mean time lost due to intimidators. Fail to reject the null hypothesis, there is insufficient evidence that the mean time lost due to stressors is greater than the mean time lost due to intimidators. Reject the null hypothesis, there is sufficient evidence that the mean time lost due to stressors is greater than the mean time lost due to intimidators.
In: Statistics and Probability
Write a Java program to play the game Tic-Tac-Toe. Start off with a human playing a human, so each player makes their own moves.
Follow the design below, creating the methods indicated and invoking them in the main program.
Use a char array of size 9 as the board; initialize with the characters 0 to 8 so that it starts out looking something like the board on the left.
|
0|1|2 3|4|5 6|7|8 |
and then as moves are entered the board looks like this |
0|O|2 3|X|5 6|X|O |
Make sure the board lines up properly so that the entries and borders all line up properly. DO NOT print a board that looks like or is similar to the output below where columns are misaligned.
0| O|2
3|X | 5
6 | X|O
You will need a variable to keep track of whose turn it is. Use a char variable named turn and initialize to X when the game starts. After a move, if there is no winner and no draw, switch to the O and continue to take turns as the game progresses. Declare additional variables as you build your program.
SAMPLE OUTPUT – NOTE OUTPUT BOLDED TO SHOW HANDLING OF BAD ENTRIES
|
Enter S to stop game, any other letter to play x Starting new game 0|1|2 3|4|5 6|7|8 Enter move, a number between 0 and 8 5 0|1|2 3|4|X 6|7|8 Enter move, a number between 0 and 8 5 Spot is taken, choose another Enter move, a number between 0 and 8 0 O|1|2 3|4|X 6|7|8 Enter move, a number between 0 and 8 4 O|1|2 3|X|X 6|7|8 Enter move, a number between 0 and 8 2 O|1|O 3|X|X 6|7|8 Enter move, a number between 0 and 8 3 O|1|O X|X|X 6|7|8 X is the winner Enter S to stop game, any other letter to play x Starting new game 0|1|2 3|4|5 6|7|8 |
Enter move, a number between 0 and 8 0 X|1|2 3|4|5 6|7|8 Enter move, a number between 0 and 8 3 X|1|2 O|4|5 6|7|8 Enter move, a number between 0 and 8 9 9 is not a valid choice Enter move, a number between 0 and 8 z z is not a valid choice Enter move, a number between 0 and 8 6 X|1|2 O|4|5 X|7|8 Enter move, a number between 0 and 8 1 X|O|2 O|4|5 X|7|8 Enter move, a number between 0 and 8 5 X|O|2 O|4|X X|7|8 Enter move, a number between 0 and 8 8 X|O|2 O|4|X X|7|O Enter move, a number between 0 and 8 4 X|O|2 O|X|X X|7|O Enter move, a number between 0 and 8 2 X|O|O O|X|X X|7|O Enter move, a number between 0 and 8 7 X|O|O O|X|X X|X|O Game is a draw Enter S to stop game, any other letter to play |
In: Computer Science
The following is a small data set of 25 observations. I want you to calculate some statistics by hand to cement the class material. You can use the regular formula for the variance or the computational formula - I’m just interested in the correct result. If you use the computational formula, you will want to calculate a separate row of each value squared in order to calculate the Sum(x^2). Excel can be used to solve this problem.
|
VarX |
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44 |
|
34 |
|
49 |
|
58 |
|
17 |
|
44 |
|
34 |
|
49 |
|
45 |
|
20 |
|
26 |
|
40 |
|
35 |
|
37 |
|
57 |
|
45 |
|
70 |
|
35 |
|
37 |
|
42 |
|
44 |
|
45 |
|
27 |
|
46 |
|
63 |
b. Calculate the following (show your work):
c. Calculate a z-score for a data value of 46. Describe this in words.
In: Statistics and Probability
The following is a small data set of 25 observations. I want you to calculate some statistics by hand to cement the class material. You can use the regular formula for the variance or the computational formula - I’m just interested in the correct result. If you use the computational formula, you will want to calculate a separate row of each value squared in order to calculate the Sum(x^2). Excel can be used to solve this problem.
|
VarX |
|
44 |
|
34 |
|
49 |
|
58 |
|
17 |
|
44 |
|
34 |
|
49 |
|
45 |
|
20 |
|
26 |
|
40 |
|
35 |
|
37 |
|
57 |
|
45 |
|
70 |
|
35 |
|
37 |
|
42 |
|
44 |
|
45 |
|
27 |
|
46 |
|
63 |
b. Calculate the following (show your work):
c. Calculate a z-score for a data value of 70. Describe this in words.
In: Statistics and Probability
Write a loop that sets each array element to the sum of itself and the next element, except for the last element which stays the same. Be careful not to index beyond the last element. Ex:
Initial scores: 10, 20, 30, 40 Scores after the loop: 30, 50, 70, 40
The first element is 30 or 10 + 20, the second element is 50 or 20 + 30, and the third element is 70 or 30 + 40. The last element remains the same.
JAVA CODE:
import java.util.Scanner;
public class StudentScores {
public static void main (String [] args) {
Scanner scnr = new Scanner(System.in);
final int SCORES_SIZE = 4;
int[] bonusScores = new int[SCORES_SIZE];
int i;
for (i = 0; i < bonusScores.length; ++i) {
bonusScores[i] = scnr.nextInt();
}
/* Your solution goes here */
for (i = 0; i < bonusScores.length; ++i) {
System.out.print(bonusScores[i] + " ");
}
System.out.println();
}
}
In: Computer Science
A researcher interested in the treatment of depression developed an intensive treatment program designed to teach people to think positively. The researcher began the study by recruiting 50 college students who received extremely low scores on a well-validated measure of self-esteem. Each of the 50 participants agreed to attend four 1-hour therapy sessions per week for two weeks (for a total of eight sessions). Thirty-seven of the 50 original participants remained in the study and completed all eight sessions. At the end of the 2-week period of the study, the mean self-esteem score for the 37 participants who received all of the therapy showed a large and statistically significant increase. The researcher concluded that his program is an effective treatment for depression.
Name at least four issues with this study and explain why.
In: Statistics and Probability
The comparative balance sheets for 2018 and 2017 and the
statement of income for 2018 are given below for Dux Company.
Additional information from Dux's accounting records is provided
also.
|
DUX COMPANY |
||||||||
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2018 |
2017 |
|||||||
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Assets |
||||||||
|
Cash |
$ |
33 |
$ |
20 |
||||
|
Accounts receivable |
48 |
50 |
||||||
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Less: Allowance for uncollectible accounts |
(4 |
) |
(3 |
) |
||||
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Dividends receivable |
3 |
2 |
||||||
|
Inventory |
55 |
50 |
||||||
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Long-term investment |
15 |
10 |
||||||
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Land |
70 |
40 |
||||||
|
Buildings and equipment |
225 |
250 |
||||||
|
Less: Accumulated depreciation |
(25 |
) |
(50 |
) |
||||
|
$ |
420 |
$ |
369 |
|||||
|
Liabilities |
||||||||
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Accounts payable |
$ |
13 |
$ |
20 |
||||
|
Salaries payable |
2 |
5 |
||||||
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Interest payable |
4 |
2 |
||||||
|
Income tax payable |
7 |
8 |
||||||
|
Notes payable |
30 |
0 |
||||||
|
Bonds payable |
93 |
67 |
||||||
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Shareholders' Equity |
||||||||
|
Common stock |
210 |
200 |
||||||
|
Paid-in capital—excess of par |
24 |
20 |
||||||
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Retained earnings |
45 |
47 |
||||||
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Less: Treasury stock |
(8 |
) |
0 |
|||||
|
$ |
420 |
$ |
369 |
|||||
|
DUX COMPANY |
||||||
|
Revenues |
||||||
|
Sales revenue |
$ |
200 |
||||
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Dividend revenue |
3 |
$ |
203 |
|||
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Expenses |
||||||
|
Cost of goods sold |
120 |
|||||
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Salaries expense |
25 |
|||||
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Depreciation expense |
5 |
|||||
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Bad debt expense |
1 |
|||||
|
Interest expense |
8 |
|||||
|
Loss on sale of building |
3 |
|||||
|
Income tax expense |
16 |
178 |
||||
|
Net income |
$ |
25 |
||||
Additional information from the accounting records:
a. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000.
b. Land was acquired by issuing a 13%, seven-year, $30,000 note payable to the seller.
c. Cash dividends of $13,000 were paid to shareholders.
Required:
Prepare the statement of cash flows for Dux Company using the
indirect method. (Do not round intermediate
calculations. Amounts to be deducted should be indicated with a
minus sign. Enter your answers in thousands. (i.e., 10,000 should
be entered as 10).)
In: Accounting
Problem 17-38 Analyze Performance for a Restaurant (LO 17-5)
Doug’s Diner is planning to expand operations and is concerned that its reporting system might need improvement. The master budget income statement for the Downtown Doug’s, which contains a delicatessen and restaurant operation, follows (in thousands):
| Delicatessen | Restaurant | Total | |||||||||||||
| Sales revenue | $ | 600 | $ | 2,000 | $ | 2,600 | |||||||||
| Costs | |||||||||||||||
| Purchases | 360 | 1,100 | 1,460 | ||||||||||||
| Hourly wages | 30 | 438 | 468 | ||||||||||||
| Franchise fee | 18 | 39 | 57 | ||||||||||||
| Advertising | 50 | 100 | 150 | ||||||||||||
| Utilities | 42 | 63 | 105 | ||||||||||||
| Depreciation | 25 | 38 | 63 | ||||||||||||
| Lease cost | 15 | 25 | 40 | ||||||||||||
| Salaries | 15 | 25 | 40 | ||||||||||||
| Total costs | $ | 555 | $ | 1,828 | $ | 2,383 | |||||||||
| Operating profit | $ | 45 | $ | 172 | $ | 217 | |||||||||
The company uses the following performance report for management evaluation:
| DOWNTOWN DOUG’S | |||||||||||||||||||||||
| Net Income for the Year | |||||||||||||||||||||||
| ($000) | |||||||||||||||||||||||
| Actual Results | |||||||||||||||||||||||
| Actual Results | Delicatessen | Restaurant | Total | Budget | Over-
or (Under-) Budgeta |
||||||||||||||||||
| Sales revenue | $ | 700 | $ | 1,000 | $ | 1,700 | $ | 2,600 | $ | (900 | ) | ||||||||||||
| Costs | |||||||||||||||||||||||
| Purchasesb | 450 | 400 | 850 | 1,460 | $ | (610 | ) | ||||||||||||||||
| Hourly wagesb | 35 | 350 | 385 | 468 | (83 | ) | |||||||||||||||||
| Franchise feeb | 21 | 30 | 51 | 57 | (6 | ) | |||||||||||||||||
| Advertising | 50 | 100 | 150 | 150 | |||||||||||||||||||
| Utilitiesb | 45 | 50 | 95 | 105 | (10 | ) | |||||||||||||||||
| Depreciation | 25 | 38 | 63 | 63 | |||||||||||||||||||
| Lease cost | 15 | 25 | 40 | 40 | |||||||||||||||||||
| Salaries | 15 | 25 | 40 | 40 | |||||||||||||||||||
| Total costs | $ | 656 | $ | 1,018 | $ | 1,674 | $ | 2,383 | $ | (709 | ) | ||||||||||||
| Operating profit | $ | 44 | $ | (18 | ) | $ | 26 | $ | 217 | $ | (191 | ) | |||||||||||
a There is no sales price variance.
b Variable costs; all other costs are fixed.
Required:
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In: Accounting
IGM Financial has paid a dividend of $2.25 per year for the last five years, however, due to COVID, investors think dividends will be reduced. Investors think dividends for the next two years will be $1 and will then resume at $2.25 per year and will grow at 2% indefinitely after that. If investors are right, what is the value of a share of IGM? Assume a discount rate of 7%.
Select one: a. $37.05 b. $41.11 c. $45.00 d. $47.00
In: Finance