1. The manager of a restaurant in a large city claims that waiters working in all restaurants in his city earn an average of more than $150 in tips per week. A random sample of 25 waiters selected from restaurants of this city yielded a mean of $155 in tips per week with a standard deviation of $28. Assume that the weekly tips for all waiters in this city have a normal distribution.

Let μ denote the mean tips earned by waiters. Calculate the t statistic. Round your answer to the nearest hundredth (e.g., 1.23 or -1.23).

2. The manager of a restaurant in a large city claims that waiters working in all restaurants in his city earn an average of more than $150 in tips per week. A random sample of 25 waiters selected from restaurants of this city yielded a mean of $155 in tips per week with a standard deviation of $28. Assume that the weekly tips for all waiters in this city have a normal distribution.

Let μ denote the mean tips earned by waiters. Calculate the degree of freedom.

3. You were asked to test if the mean number of hours spent working per week by college students who hold jobs is different from 20 hours using a t test. Suppose the t statistic for this test is 1.86 and the degree of freedom is 25. Calculate the p-value for this test. Round your answer to the nearest 10,000 (e.g., 0.1234).

4. In a Gallup poll conducted July 7-10, 2014, 45% of Americans said that they actively try to include organic foods into their diets. In a recent sample of 2100 Americans, 1071 said that they actively try to include organic foods into their diets. You want to test whether the current percentage of all Americans who way that they actively try to include organic foods into their diets is different from 45%.

Calculate the z statistic for this test. Round your answer to the nearest 100th (e.g., 1.23).

Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2–30 are as follows:

Required:

1. Insert the following balances in the general ledger as of April 1:

After completing the recording of the transactions in the journals in part 3, total each of the columns of the special journals, and post the individual entries and totals to the general ledger. Insert account balances after the last posting. When posting to the general ledger, post in chronological order. However, if there is more than one entry on the same date, be sure to post transactions from the revenue journal before posting transactions from the cash receipts journal.

If an amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with “J”, Cash Receipts begin with “CR” and Cash Receipts begins with “R”. For example journal/ Cash Receipts/ Cash Receipts, page 1/36/40 respectively. POST. REF. is simply J1, CR36, and R40.

2. Insert the following balances in the accounts receivable subsidiary ledger as of April 1:

After completing the recording of the transactions in the journals in part 3, post to the accounts receivable subsidiary ledger in chronological order, and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer's account before recording a cash receipt. If an amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with “J”, Cash Receipts begin with “CR” and Cash Receipts begins with “R”. For example journal/ Cash Receipts/ Cash Receipts, page 1/36/40 respectively. POST. REF. is simply J1, CR36, and R40.

3. Prepare a single-column revenue journal (p. 40) and a cash receipts journal (p. 36). Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. The Fees Earned column is used to record cash fees.

4. Using the two special journals and the two-column general journal (p. 1), journalize the transactions for April. Post to the accounts receivable subsidiary ledger, and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer’s account before recording a cash receipt.

5. Total each of the columns of the special journals and post the individual entries and totals to the general ledger. Insert account balances after the last posting.

If an amount box does not require an entry, leave it blank.

6. What is the sum of the customer balances?
$

Does the sum of the customer balances agree with the accounts receivable controlling account in the general ledger?
  

7. Would an automated system omit postings to a controlling account as performed in step 5 for Accounts Receivable?

evenue and cash receipts journals; accounts receivable subsidiary and general ledgers

Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2–30 are as follows:

Required:

1. Insert the following balances in the general ledger as of April 1:

After completing the recording of the transactions in the journals in part 3, total each of the columns of the special journals, and post the individual entries and totals to the general ledger. Insert account balances after the last posting. When posting to the general ledger, post in chronological order. However, if there is more than one entry on the same date, be sure to post transactions from the revenue journal before posting transactions from the cash receipts journal.

If an amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with “J”, Cash Receipts begin with “CR” and Cash Receipts begins with “R”. For example journal/ Cash Receipts/ Cash Receipts, page 1/36/40 respectively. POST. REF. is simply J1, CR36, and R40.

2. Insert the following balances in the accounts receivable subsidiary ledger as of April 1:

After completing the recording of the transactions in the journals in part 3, post to the accounts receivable subsidiary ledger in chronological order, and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer's account before recording a cash receipt. If an amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with “J”, Cash Receipts begin with “CR” and Cash Receipts begins with “R”. For example journal/ Cash Receipts/ Cash Receipts, page 1/36/40 respectively. POST. REF. is simply J1, CR36, and R40.

3. Prepare a single-column revenue journal (p. 40) and a cash receipts journal (p. 36). Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. The Fees Earned column is used to record cash fees.

4. Using the two special journals and the two-column general journal (p. 1), journalize the transactions for April. Post to the accounts receivable subsidiary ledger, and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer’s account before recording a cash receipt.

5. Total each of the columns of the special journals and post the individual entries and totals to the general ledger. Insert account balances after the last posting.

If an amount box does not require an entry, leave it blank.

6. What is the sum of the customer balances?
$

Does the sum of the customer balances agree with the accounts receivable controlling account in the general ledger?
  

7. Would an automated system omit postings to a controlling account as performed in step 5 for Accounts Receivable?

A large furniture company claims that 65% of all individuals who buy chairs from its stores choose wood chairs, 20% choose plastic chairs, and 15% choose metal chairs. To investigate this claim, researchers collected data from a random sample of the company's customers. The results were 305 wood, 121 plastic, and 74 metal. Are the data from the sample consistent with the company's claim? Conduct an appropriate statistical test at the 5% significance level to support your conclusion. Make sure to include parameters, check conditions, and show calculations before formulating a conclusion. (10 points)

Robert is a 62 year old male who recently retired from an aircraft manufacturing company. He is at the health care provider's (HCP) clinic for a follow-up visit. He has a history of diabetes mellitus type 2, hypertension (high blood pressure) and chronic obstructive pulmonary disease (COPD). He stopped smoking 5 years ago, but had smoked a pack a day for 35 years.

He has been taking metformin (Glucophage) orally twice a day at the maximum dose and long acting insulin glargine (Lantus) injection at night for the past year for diabetes. His previous Hbg A1c lab values have been high. He also takes metoprolol orally once daily for hypertension and fluticasone/salmeterol (Advair) discus inhaler for COPD. He has used his albuterol metered-dose inhaler (MDI) for rescue several times a week for the past month.

After some discussion with Robert, the health care provider (HCP) is going to continue the metoprolol for high blood pressure. The HCP is going to change the antidiabetic medication to increase control of the diabetes with SOLIQUA™ 100/33 ; and keep the COPD medication.

1. Appropriate drug-drug, drug - OTC, drug-herbal and drug-food information is presented based on the patient in the case study with SOLIQUA™ 100/33.
2. List common adverse effects and appropriate patient education based on the patient in the case study with SOLIQUA™ 100/33
3. Lists serious adverse effects and what to do if they happen in language appropriate for the patient in the case study with SOLIQUA™ 100/33

A large furniture company claims that 65% of all individuals who buy chairs from its stores choose wood chairs, 20% choose plastic chairs, and 15% choose metal chairs. To investigate this claim, researchers collected data from a random sample of the company's customers. The results were 305 wood, 121 plastic, and 74 metal. Are the data from the sample consistent with the company's claim? Conduct an appropriate statistical test at the 5% significance level to support your conclusion. Make sure to include parameters, check conditions, and show calculations before formulating a conclusion. (10 points)

The long Life Insurance Company receives applications to buy insurance from its salespeople, who are specially trained in selling insurance to new customers. After the applications are received, they are processed through a computer. The computer is programmed so that it prints messages whenever it runs through an item that is not consistent with company policies. The company is concerned with the accuracy of the training that its salespeople received, and it contemplates recalling them for more training if the quality of their performance is blow certain limits. Five samples of 20 applications received from specific market areas were collected and inspected with the following results:

(1) Find the sample size and average error rate.

(2) Compute three-sigma control limits.

(3) Draw the control chart(s).

(4) There are two new samples were taken each with 20 applications. Four and five applications were found to have mistakes, respectively. Without re-computing the control limits, is the training process out of control?

(5) Is there a need for recalling the sales force? Explain.

CASE STUDY:

"BMW is the ultimate driving machine. Manufactured by the German company Bayerische Motoren Werke AG, BMW stands for both performance and luxury. The company was founded in 1916 as an aircraft-engine manufacturer and produced engines during World Wars I and II. It evolved into a motorcycle and automobile maker by the mid-20th century, and today it is an internationally respected company and brand with $106 billion in sales in 2012. BMW’s logo is one of the most distinctive and globally recognised symbols ever created. The signature BMW roundel looks like a spinning propeller blade set against a blue sky background—originally thought to be a tribute to the company’s founding days as an aircraft-engine manufacturer. Recently, however, a New York Times reporter revealed that the logo, which features the letters BMW at the top of the outer ring and blue-and-white checkered design in the inner ring, was trademarked in 1917 and meant to show the colors of the Free State of Bavaria, where the company is headquartered. BMW’s growth exploded in the 1980s and 1990s, when it successfully targeted the growing market of baby boomers and professional yuppies who put work first and wanted a car that spoke of their success. BMW gave them sporty sedans with exceptional performance and a brand that stood for prestige and achievement. The cars, which came in a 3, 5, or 7 Series, were basically the same design in three sizes. It was at this time that yuppies made Beemer and Bimmer the slang terms for BMW’s cars and motorcycles, popular names still used today. At the turn of the century, consumers’ attitudes toward cars changed. Research showed that they cared less about the bragging rights of the BMW brand and instead desired a variety of design, size, price, and style choices. As a result, the company took several steps to grow its product line by targeting specific market segments. This resulted in unique premium-priced cars such as SUVs, convertibles, and roadsters, as well as less expensive compact cars like the 1 Series. In addition, BMW redesigned its 3, 5, and 7 Series cars, making them unique in appearance yet maintaining their exceptional performance. BMW’s full range of cars now includes the 1 Series, 3 Series, 5 Series, 6 Series, 7 Series, X Series, Z4 Roadster, M Series, Hybrids, and BMWi. BMW created the lower-priced 1 Series and X1 SUV to target the “modern mainstream,” a group who are also family-focused and active but had previously avoided BMWs because of their premium cost. The company nurtures these loyal consumers and continues to research, innovate, and reach out to specific segment groups year after year."

QUESTION:

Explain using relevant examples from the case study whether BMW should change its tagline, “The Ultimate Driving Machine” and suggest alternatives

CASE STUDY:

"BMW is the ultimate driving machine. Manufactured by the German company Bayerische Motoren Werke AG, BMW stands for both performance and luxury. The company was founded in 1916 as an aircraft-engine manufacturer and produced engines during World Wars I and II. It evolved into a motorcycle and automobile maker by the mid-20th century, and today it is an internationally respected company and brand with $106 billion in sales in 2012. BMW’s logo is one of the most distinctive and globally recognised symbols ever created. The signature BMW roundel looks like a spinning propeller blade set against a blue sky background—originally thought to be a tribute to the company’s founding days as an aircraft-engine manufacturer. Recently, however, a New York Times reporter revealed that the logo, which features the letters BMW at the top of the outer ring and blue-and-white checkered design in the inner ring, was trademarked in 1917 and meant to show the colors of the Free State of Bavaria, where the company is headquartered. BMW’s growth exploded in the 1980s and 1990s, when it successfully targeted the growing market of baby boomers and professional yuppies who put work first and wanted a car that spoke of their success. BMW gave them sporty sedans with exceptional performance and a brand that stood for prestige and achievement. The cars, which came in a 3, 5, or 7 Series, were basically the same design in three sizes. It was at this time that yuppies made Beemer and Bimmer the slang terms for BMW’s cars and motorcycles, popular names still used today. At the turn of the century, consumers’ attitudes toward cars changed. Research showed that they cared less about the bragging rights of the BMW brand and instead desired a variety of design, size, price, and style choices. As a result, the company took several steps to grow its product line by targeting specific market segments. This resulted in unique premium-priced cars such as SUVs, convertibles, and roadsters, as well as less expensive compact cars like the 1 Series. In addition, BMW redesigned its 3, 5, and 7 Series cars, making them unique in appearance yet maintaining their exceptional performance. BMW’s full range of cars now includes the 1 Series, 3 Series, 5 Series, 6 Series, 7 Series, X Series, Z4 Roadster, M Series, Hybrids, and BMWi. BMW created the lower-priced 1 Series and X1 SUV to target the “modern mainstream,” a group who are also family-focused and active but had previously avoided BMWs because of their premium cost. The company nurtures these loyal consumers and continues to research, innovate, and reach out to specific segment groups year after year."

QUESTION:

Discuss using relevant examples from the case study how BMW segments its consumers

This case study relates to MARKETING MANAGEMENT.

Pick a job or discipline below or one that you would like to have in the future:

Go to Monster.com for job openings and pick a job title and locations (i.e. Costa Mesa), then click on a job that you might be interested in.

What are the job responsibilities (Job description)?

What is the job qualifications (Job specifications)?

Copy and paste your findings below.

Go to Glassdoor.com look for a similar job title, and pick a company. You will need to create an account.

Click on “Company Review”

Click on type a name of a company you are interested in

Click on the company name

Click on “Interview”

Copy and paste one comment or interview question that is listed

Go to Salary.com look for a similar job title

Click on Salary

Purpose:

• Familiarize and explore these three career websites, especially the last two.
• Research for possible careers
• Research for interviewing

From Monster.com

Name of Company: (type here with company name)

Job Title: (type here with job title)

Job Description:

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Job Specification

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From Glassdoor.com

Name of Company: (type here with company name)

Job Title: (type here with job title)

Comment or Question in Interview section

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From Salary.com

Name of Company: (type here with company name)

Job Title: (type here with job title)

Type the medium salary (top of the curve)

(Type here)

List of possible jobs or discipline

Pick a company then the jobs that might be open