A cloud computing provider has 475 customers and a farm of 250 compute servers each having 4 cores. The company statistics indicate that at the peak hour the workload requirements of its customers are such that each requires {0,1,2,3,4} cores with uniform probability. Use the approximation based on Central Limit Theorem to answer the following questions.
1. Compute the outage probability, i.e., the probability that there are not a sufficient number of cores to meet customers demands.
2. The company decides to offer its customers a new super fast service which would speed up their quality of service by automatically doubling the number of cores allocated to each customer. Each customer would thus be allocated {0,2,4,6,8} cores with uniform probability. How many extra (4 core) machines should you need to buy in order support new service while maintaining the same outage probability ?
3. The server vendor is quite happy to sell you the number of 4 core servers determined in the previous question, but offers you a great deal on the same number of 8 core servers. If you purchased the same number of servers but now with 8 cores, how many super fast customers could you support same outage probability?
In: Statistics and Probability
Crane Clark opened Crane’s Cleaning Service on July 1, 2020. During
July, the following transactions were completed.
| July 1 | Crane invested $19,900 cash in the business. | ||||||||||||||||
| 1 | Purchased used truck for $8,800, paying $3,900 cash and the balance on account. | ||||||||||||||||
| 3 | Purchased cleaning supplies for $2,000 on account. | ||||||||||||||||
| 5 | Paid $1,800 cash on 1-year insurance policy effective July 1. | ||||||||||||||||
| 12 | Billed customers $4,500 for cleaning services. | ||||||||||||||||
| 18 | Paid $1,600 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies. | ||||||||||||||||
| 20 | Paid $2,500 cash for employee salaries. | ||||||||||||||||
| 21 | Collected $3,400 cash from customers billed on July 12. | ||||||||||||||||
| 25 | Billed customers $6,000 for cleaning services. | ||||||||||||||||
| 31 | Paid $350 for the monthly gasoline bill for the truck. | ||||||||||||||||
| 31 |
Withdraw $5,600 cash for personal use.
|
In: Accounting
37. Mavis Corporation has an agreement with its workers to index completely the wage of its employees to the CPI. Mavis currently pays its production line workers $7.50 an hour and is scheduled to index their wages today. If the CPI is currently about 130 and was 120 a year ago, Mavis should increase the hourly wages of its workers by about...
38. Thomas earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 for 2001 and 265.5 for 2006. Thomas’s 2001 salary in 2006 dollars is...
39. Suppose the CPI was 95 in 1955, and suppose currently the CPI is 475. According to the CPI, $100 today purchases the same amount of goods and services as...
40. Suppose that twenty-five years ago a country had nominal GDP of $1,000, a GDP deflator of 200, and a population of 100. Today it has nominal GDP of $3,000, a GDP deflator of 400, and population of 150. What happened to the real GDP per person?
41. Assume the consumer price index was 225 in 2006 and 234 in 2007. The nominal interest rate during this period was 6.5 percent. What was the real interest rate during this period?
Please show work. Thank you
In: Economics
Newborn Lab Activities
Adapted from Piotrowski, K. (2006). Maternal child nursing care study guide. (3 ed.). St. Louis: Mosby.
Newborn Reflexes – Describe how to test each of the following Newborn Reflexes
Vital Signs: List the normal vital sign ranges for the newborn:
Define the following variations that may be present in the newborn:
Multiple Choice
Nursing Care of the Newborn
Multiple Choice
Newborn Feeding and Nutrition
Multiple Choice
In: Nursing
1e) Use the given data to compute the following statistic: 46, 51, 63, 65, 74, 46, 58, 70, 43 The 85th percentile... P85
1f) Use the given data to compute the RANGE: 46, 51, 63, 65, 74, 46, 58, 70, 43
1g) Use the given data to compute the VARIANCE: 46, 51, 63, 65, 74, 46, 58, 70, 43
1h) Use the given data to compute the STANDARD DEVIATION: 46, 51, 63, 65, 74, 46, 58, 70, 43
No Handwriting please, type your answer.
In: Statistics and Probability
1e) Use the given data to compute the following statistic: 46, 51, 63, 65, 74, 46, 58, 70, 43 The 85th percentile... P85
1f) Use the given data to compute the RANGE: 46, 51, 63, 65, 74, 46, 58, 70, 43
1g) Use the given data to compute the VARIANCE: 46, 51, 63, 65, 74, 46, 58, 70, 43
1h) Use the given data to compute the STANDARD DEVIATION: 46, 51, 63, 65, 74, 46, 58, 70, 43
No Handwriting please, type your answer.
In: Statistics and Probability
| ID | Insurance | Location | Wait Time | Age | GHSS | Cost |
| 113 | Government | Moore | 25 | 78 | 56 | $13,000 |
| 114 | Government | Moore | 44 | 91 | 90 | $5,000 |
| 115 | Government | Moore | 15 | 63 | 66 | $13,000 |
| 176 | Government | Moore | 55 | 85 | 79 | $1,245 |
| 177 | Government | Moore | 60 | 87 | 49 | $678 |
| 178 | Government | Moore | 45 | 89 | 73 | $450 |
| 180 | Government | Moore | 33 | 79 | 86 | $12,000 |
| 182 | Government | Moore | 34 | 80 | 57 | $900 |
| 193 | Government | Moore | 34 | 90 | 99 | $8,700 |
| 197 | Government | Moore | 55 | 89 | 96 | $5,750 |
| 197 | Government | Moore | 56 | 90 | 79 | $10,000 |
| 121 | Insurance | Moore | 25 | 52 | 15 | $4,500 |
| 124 | Insurance | Moore | 22 | 57 | 61 | $1,200 |
| 130 | Insurance | Moore | 55 | 60 | 25 | $1,200 |
| 132 | Insurance | Moore | 54 | 59 | 16 | $1,200 |
| 160 | Insurance | Moore | 2 | 47 | 14 | $1,200 |
| 161 | Insurance | Moore | 56 | 62 | 27 | $1,200 |
| 163 | Insurance | Moore | 61 | 66 | 34 | $1,400 |
| 166 | Insurance | Moore | 12 | 49 | 77 | $4,400 |
| 197 | Insured | Moore | 37 | 89 | 99 | $12,000 |
| 197 | Insured | Moore | 44 | 94 | 86 | $55 |
| 107 | Uninsured | Moore | 25 | 13 | 99 | $7,800 |
| 108 | Uninsured | Moore | 10 | 60 | 26 | $1,365 |
| 110 | Uninsured | Moore | 45 | 16 | 13 | $478 |
| 126 | Uninsured | Moore | 60 | 11 | 12 | $12,000 |
| 128 | Uninsured | Moore | 22 | 47 | 16 | $4,600 |
| 138 | Uninsured | Moore | 15 | 74 | 79 | $4,900 |
| 149 | Uninsured | Moore | 14 | 90 | 88 | $4,500 |
| 158 | Uninsured | Moore | 56 | 71 | 45 | $1,300 |
| 101 | Government | Pelican | 18 | 59 | 89 | $8,800 |
| 102 | Government | Pelican | 20 | 5 | 1 | $680 |
| 104 | Government | Pelican | 43 | 47 | 12 | $4,977 |
| 105 | Government | Pelican | 15 | 74 | 88 | $8,890 |
| 117 | Government | Pelican | 39 | 46 | 36 | $4,950 |
| 146 | Government | Pelican | 14 | 67 | 88 | $6,600 |
| 147 | Government | Pelican | 13 | 88 | 99 | $9,450 |
| 154 | Government | Pelican | 44 | 48 | 24 | $1,200 |
| 168 | Government | Pelican | 13 | 91 | 73 | $8,700 |
| 171 | Government | Pelican | 14 | 98 | 74 | $15,000 |
| 172 | Government | Pelican | 55 | 67 | 69 | $678 |
| 173 | Government | Pelican | 13 | 66 | 23 | $2,300 |
| 174 | Government | Pelican | 20 | 7 | 15 | $6,785 |
| 175 | Government | Pelican | 24 | 74 | 37 | $1,300 |
| 181 | Government | Pelican | 29 | 24 | 13 | $7,100 |
| 184 | Government | Pelican | 24 | 51 | 57 | $5,500 |
| 185 | Government | Pelican | 26 | 19 | 26 | $1,200 |
| 187 | Government | Pelican | 3 | 78 | 69 | $7,400 |
| 188 | Government | Pelican | 4 | 76 | 36 | $134 |
| 189 | Government | Pelican | 46 | 55 | 23 | $1,300 |
| 190 | Government | Pelican | 36 | 44 | 16 | $1,200 |
| 196 | Government | Pelican | 24 | 18 | 19 | $1,645 |
| 197 | Government | Pelican | 23 | 12 | 18 | $195 |
| 197 | Government | Pelican | 47 | 48 | 22 | $1,430 |
| 197 | Government | Pelican | 14 | 55 | 88 | $12,800 |
| 197 | Government | Pelican | 13 | 77 | 79 | $12,000 |
| 197 | Government | Pelican | 25 | 78 | 99 | $1,800 |
| 197 | Government | Pelican | 19 | 89 | 44 | $3,000 |
| 111 | Insurance | Pelican | 12 | 99 | 73 | $900 |
| 118 | Insurance | Pelican | 13 | 91 | 94 | $10,000 |
| 119 | Insurance | Pelican | 34 | 17 | 16 | $1,200 |
| 123 | Insurance | Pelican | 56 | 44 | 36 | $1,630 |
| 127 | Insurance | Pelican | 14 | 94 | 74 | $550 |
| 129 | Insurance | Pelican | 55 | 43 | 46 | $4,500 |
| 131 | Insurance | Pelican | 45 | 30 | 79 | $1,500 |
| 134 | Insurance | Pelican | 36 | 19 | 22 | $950 |
| 135 | Insurance | Pelican | 31 | 16 | 14 | $9,000 |
| 136 | Insurance | Pelican | 45 | 34 | 99 | $4,500 |
| 137 | Insurance | Pelican | 25 | 9 | 1 | $6,000 |
| 140 | Insurance | Pelican | 20 | 7 | 11 | $9,000 |
| 143 | Insurance | Pelican | 26 | 14 | 66 | $650 |
| 144 | Insurance | Pelican | 44 | 24 | 36 | $1,300 |
| 151 | Insurance | Pelican | 14 | 64 | 89 | $5,600 |
| 152 | Insurance | Pelican | 15 | 6 | 77 | $14,000 |
| 155 | Insurance | Pelican | 20 | 7 | 24 | $850 |
| 159 | Insurance | Pelican | 44 | 27 | 48 | $15,000 |
| 162 | Insurance | Pelican | 14 | 88 | 90 | $2,000 |
| 167 | Insurance | Pelican | 13 | 93 | 93 | $8,999 |
| 169 | Insurance | Pelican | 20 | 8 | 36 | $960 |
| 197 | Insured | Pelican | 10 | 65 | 10 | $1,200 |
| 197 | Insured | Pelican | 21 | 69 | 79 | $4,458 |
| 197 | Insured | Pelican | 27 | 73 | 66 | $4,600 |
| 197 | Insured | Pelican | 28 | 74 | 78 | $7,748 |
| 197 | Insured | Pelican | 36 | 76 | 19 | $1,200 |
| 197 | Insured | Pelican | 25 | 77 | 48 | $1,400 |
| 197 | Insured | Pelican | 44 | 78 | 79 | $9,900 |
| 197 | Insured | Pelican | 76 | 81 | 89 | $4,500 |
| 197 | Insured | Pelican | 38 | 82 | 79 | $5,000 |
| 100 | Uninsured | Pelican | 45 | 27 | 26 | $1,500 |
| 109 | Uninsured | Pelican | 89 | 6 | 77 | $12,000 |
| 125 | Uninsured | Pelican | 56 | 30 | 99 | $12,000 |
| 142 | Uninsured | Pelican | 61 | 45 | 49 | $4,680 |
| 150 | Uninsured | Pelican | 23 | 18 | 25 | $879 |
| 165 | Uninsured | Pelican | 11 | 5 | 2 | $899 |
| 183 | Uninsured | Pelican | 9 | 58 | 63 | $1,345 |
| 197 | Uninsured | Pelican | 19 | 45 | 86 | $4,465 |
| Comparison of Average Wait Times between two locations (Moore and Pelican) |
| Purpose |
| Importance |
| Variables |
| Sample Size |
| Hypothesis |
| Methodology |
| Findings |
| Interpretations/Implications |
In: Statistics and Probability
Cane Company manufactures two products called Alpha and Beta that sell for $240 and $162, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 131,000 units of each product. Its average cost per unit for each product at this level of activity are given below:
| Alpha | Beta | |||||||
| Direct materials | $ | 35 | $ | 15 | ||||
| Direct labor | 48 | 23 | ||||||
| Variable manufacturing overhead | 27 | 25 | ||||||
| Traceable fixed manufacturing overhead | 35 | 38 | ||||||
| Variable selling expenses | 32 | 28 | ||||||
| Common fixed expenses | 35 | 30 | ||||||
| Total cost per unit | $ | 212 | $ | 159 | ||||
The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars.
Foundational 12-12
What contribution margin per pound of raw material is earned by each of the two products? (Round your answers to 2 decimal places.)
13. Assume that Cane’s customers would buy a maximum of 100,000 units of Alpha and 80,000 units of Beta. Also assume that the company’s raw material available for production is limited to 261,000 pounds. How many units of each product should Cane produce to maximize its profits
14. Assume that Cane’s customers would buy a maximum of 100,000 units of Alpha and 80,000 units of Beta. Also assume that the company’s raw material available for production is limited to 261,000 pounds. What is the maximum contribution margin Cane Company can earn given the limited quantity of raw materials?
15. Assume that Cane’s customers would buy a maximum of 100,000 units of Alpha and 80,000 units of Beta. Also assume that the company’s raw material available for production is limited to 261,000 pounds. If Cane uses its 261,000 pounds of raw materials, up to how much should it be willing to pay per pound for additional raw materials? (Round your answer to 2 decimal places.)
In: Accounting
Scott Company had sales of $12,350,000 and related cost of goods sold of $7,500,000. Scott provides customers a refund for any returned or damaged merchandise. At the end of the year, Scott estimates that customers will request refunds for 0.8% of sales and estimates that merchandise costing $48,000 will be returned.
Journalize the adjusting entries on December 31 to record the expected customer returns. Refer to the Chart of Accounts for exact wording of account tit
CHART OF ACCOUNTSScott CompanyGeneral Ledger
|
ASSETS |
||
|---|---|---|
|
110 |
Cash |
|
|
120 |
Accounts Receivable |
|
|
125 |
Notes Receivable |
|
|
130 |
Inventory |
|
|
131 |
Estimated Returns Inventory |
|
|
140 |
Office Supplies |
|
|
141 |
Store Supplies |
|
|
142 |
Prepaid Insurance |
|
|
180 |
Land |
|
|
192 |
Store Equipment |
|
|
193 |
Accumulated Depreciation-Store Equipment |
|
|
194 |
Office Equipment |
|
|
195 |
Accumulated Depreciation-Office Equipment |
|
|
LIABILITIES |
||
|
210 |
Accounts Payable |
|
|
216 |
Salaries Payable |
|
|
218 |
Sales Tax Payable |
|
|
219 |
Customer Refunds Payable |
|
|
220 |
Unearned Rent |
|
|
221 |
Notes Payable |
|
|
EQUITY |
||
|---|---|---|
|
310 |
Common Stock |
|
|
311 |
Retained Earnings |
|
|
312 |
Dividends |
|
|
313 |
Income Summary |
|
|
REVENUE |
||
|
410 |
Sales |
|
|
610 |
Rent Revenue |
|
|
EXPENSES |
|
|---|---|
|
510 |
Cost of Goods Sold |
|
521 |
Delivery Expense |
|
522 |
Advertising Expense |
|
524 |
Depreciation Expense-Store Equipment |
|
525 |
Depreciation Expense-Office Equipment |
|
526 |
Salaries Expense |
|
531 |
Rent Expense |
|
533 |
Insurance Expense |
|
534 |
Store Supplies Expense |
|
535 |
Office Supplies Expense |
|
536 |
Credit Card Expense |
|
539 |
Miscellaneous Expense |
|
710 |
Interest Expense |
Journalize the adjusting entries on December 31 to record the expected customer returns. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
ACCOUNTING EQUATION
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DATE |
DESCRIPTION |
POST. REF. |
DEBIT |
CREDIT |
ASSETS |
LIABILITIES |
EQUITY |
|
|---|---|---|---|---|---|---|---|---|
|
1 |
|
|
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|
|
|
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|
|
2 |
|
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3 |
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4 |
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In: Accounting
Question 2:
a) How might customer profitability analysis be used to improve organisational performance? Suggest and explain which costing approach can be used to implement customer profitability analysis?
b) Hector Gonzales runs the Floral Art Company, which supplies floral arrangements to three large supermarket chains throughout Australia. Management has become concerned about the rising costs associated with the process and dispatch of orders. An activity analysis of the indirect costs identified the following customer-related costs.
|
Estimated indirect costs |
Total expected use of cost driver* |
|||||
|
Use of cost driver Supermarket customer |
||||||
|
Acitvity cost pool |
Cost driver |
|||||
|
1 |
2 |
3 |
||||
|
Orders processing |
Number of orders |
$200,000 |
450 |
300 |
100 |
50 |
|
Returns processing |
Number of returns |
$50,000 |
100 |
50 |
25 |
25 |
|
Delivery |
Number of deliveries |
$100,000 |
700 |
400 |
200 |
100 |
|
Rush orders |
Number of rush orders |
$70,000 |
50 |
10 |
20 |
20 |
|
Sales visits |
Number of visits |
$20,000 |
100 |
50 |
25 |
25 |
Required:
|
Supermarket customer |
Sales revenue** |
|
1 |
$350,000 |
|
2 |
$160,000 |
|
3 |
$210,000 |
|
**Selling price is marked up 50% on direct cost of flowers. |
|
Hints: conduct a customer profitability analysis based on the above customer related indirect costs.
In: Accounting