Questions
Janice Huffman has decided to start Finch Cleaning, a residential housecleaning service company. She is able...

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

  1. 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?

  2. 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?

  3. 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?

  4. Determine the total expected cost of cleaning houses, assuming that Finch Cleaning cleans 30, 40, or 50 houses during one month.

  5. 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.

  • Required A
  • Required B
  • Required C
  • Required D
  • Required E

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.)

No. of Houses Cleaned 30 40 50
Total expected rental cost
Average per unit rental cost
The cost of equipment is a

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?

No. of Houses Cleaned 30 40 50
Average per unit labor cost
Total labor cost
The cost of labor is a
No. of Houses Cleaned 30 40 50
Average per unit supplies cost
Total cost of supplies
The cost of supplies is a

Determine the total expected cost of cleaning houses, assuming that Finch Cleaning cleans 30, 40, or 50 houses during one month.

No. of Houses Cleaned 30 40 50
Total expected cost

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.)

No. of Houses Cleaned 30 40 50
Average cost per unit

In: Finance

In large corporations, an "intimidator" is an employee who tries to stop communication, sometimes sabotages others,...

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...

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.

  1. After the variable declarations, begin a while loop which will keep the game going the user indicates to stop the game. (see a. below)
    1. When a new games starts, allow the user to terminate the program by entering an S or s (remember String has toLowerCase and toUpperCase methods). Any other entry will start a new game.
  2. If you are starting a new game, invoke a method to initialize the board and turn and another method to print the board
  3. Start an inner while loop that runs as long as the game isn’t over (a win or draw will terminate the game but not the program).
  4. Invoke a method to allow the user to make a move
    1. If there is no empty spot, (the game is a draw), print a message and ask the user whether to start a new game or terminate the program
    2. If the value entered is invalid (not 0 to 8), print a message and allow the user to re-enter a move
    3. If the user enters a value but it’s already taken, print a message and allow the user to retry
    4. If the user enters a value and it’s available, set the spot to X or O (depending upon the value of turn) and print the board
  5. After a valid move is made, invoke a method to check if the last one to make a move won the game
    • Winner - print the winner and start a new game
    • No winner - switch turn and ask for the next position

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...

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

  1. Create a Stem and Leaf Plot of the data (it is easy to do in Word by making a two column table and entering the numbers in there, bolding the stems)

b. Calculate the following (show your work):

  • Mean
    • Median
    • Mode
    • Range
    • Variance
    • Std. Deviation
    • Coefficient of Variation

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...

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

  1. Create a Stem and Leaf Plot of the data (it is easy to do in Word by making a two column table and entering the numbers in there, bolding the stems)

b. Calculate the following (show your work):

  • Mean
    • Median
    • Mode
    • Range
    • Variance
    • Std. Deviation
    • Coefficient of Variation

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...

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...

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...

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
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)

2018

2017

Assets

Cash

$

33

$

20

Accounts receivable

48

50

Less: Allowance for uncollectible accounts

(4

)

(3

)

Dividends receivable

3

2

Inventory

55

50

Long-term investment

15

10

Land

70

40

Buildings and equipment

225

250

Less: Accumulated depreciation

(25

)

(50

)

$

420

$

369

Liabilities

Accounts payable

$

13

$

20

Salaries payable

2

5

Interest payable

4

2

Income tax payable

7

8

Notes payable

30

0

Bonds payable

93

67

Shareholders' Equity

Common stock

210

200

Paid-in capital—excess of par

24

20

Retained earnings

45

47

Less: Treasury stock

(8

)

0

$

420

$

369

DUX COMPANY
Income Statement
For the Year Ended December 31, 2018
($ in 000s)

Revenues

Sales revenue

$

200

Dividend revenue

3

$

203

Expenses

Cost of goods sold

120

Salaries expense

25

Depreciation expense

5

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...

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:

Actual Purchases Variances Marketing & Administrative Variances Flexible Budget Activity Variance Master Budget
Sales revenue $700 $600
Variable costs:
Purchases 450 360
Hourly wages 35 30
Franchise fee 21 18
Utilities 45 42
Total variable costs $551 $450
Contribution margin $149 $150
Fixed costs:
Advertising 50 50
Depreciation 25 25
Lease 15 15
Salaries 15 15
Total fixed costs $105 $105
Operating profit $44 $45

In: Accounting

IGM Financial has paid a dividend of $2.25 per year for the last five years, however,...

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