Questions
Wegmans food stores conducted a study to see how many customers will return to the same...

Wegmans food stores conducted a study to see how many customers will return to the same store in the future. The study showed that 40% of the customers visiting a specific store will return in the future to the same store. Suppose seven customers are selected at random, what is the probability that:

(a) Exactly four customers will return?

(b) All seven customers will return?

(c) At least six customers will return?

(d) At least one customer will return?

(e) How many customers would be expected to return to the same store?

In: Statistics and Probability

Consider the two investments shown below, only one of which can be chosen. They are one-shot...

Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 13.2305 interest rate.

EOY

Alternative 1

Alternative 2

0

- 20,286

- 40,370

1

3,741

1,000

2

3,741

1,800

3

3,741

2,600

4

3,741

3,400

5

3,741

4,200

6

5,000

7

5,800

8

6,600

In: Accounting

Consider the two investments shown below, only one of which can be chosen. They are one-shot...

Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 15.2628 interest rate.

EOY

Alternative 1

Alternative 2

0

- 24,423

- 48,780

1

2,729

1,000

2

2,729

1,800

3

2,729

2,600

4

2,729

3,400

5

2,729

4,200

6

5,000

7

5,800

8

6,600

In: Finance

Consider the two investments shown below, only one of which can be chosen. They are one-shot...

Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 13.2305 interest rate.

EOY

Alternative 1

Alternative 2

0

- 20,286

- 40,370

1

3,741

1,000

2

3,741

1,800

3

3,741

2,600

4

3,741

3,400

5

3,741

4,200

6

5,000

7

5,800

8

6,600

In: Economics

Consider the two investments shown below, only one of which can be chosen. They are one-shot...

Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 14.7914 interest rate.

EOY

Alternative 1

Alternative 2

0

- 20,301

- 58,577

1

2,706

1,000

2

2,706

1,800

3

2,706

2,600

4

2,706

3,400

5

2,706

4,200

6

5,000

7

5,800

8

6,600

In: Economics

Consider the two investments shown below, only one of which can be chosen. They are one-shot...

Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 10.8354 interest rate.

EOY

Alternative 1

Alternative 2

0

- 20,369

- 56,679

1

3,844

1,000

2

3,844

1,800

3

3,844

2,600

4

3,844

3,400

5

3,844

4,200

6

5,000

7

5,800

8

6,600

In: Economics

Consider the two investments shown below, only one of which can be chosen. They are one-shot...

Consider the two investments shown below, only one of which can be chosen. They are one-shot investments. Calculate AW2-1 assuming 15.9081 interest rate.

EOY

Alternative 1

Alternative 2

0

- 23,285

- 40,075

1

3,963

1,000

2

3,963

1,800

3

3,963

2,600

4

3,963

3,400

5

3,963

4,200

6

5,000

7

5,800

8

6,600

In: Economics

Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration...

Northeastern Insurance Company is considering opening an office in the U.S. The two cities under consideration are

Philadelphia and New York.

The factor ratings​ (higher scores are​ better) for the two cities are given in the following table.

                                                                                                        

Factor

Weight

PhiladelphiaPhiladelphia

New YorkNew York

Customer convenience

0.25

75

75

Bank accessibility

0.20

40

85

Computer support

0.20

90

70

Rental costs

0.15

85

50

Labor costs

0.10

80

50

Taxes

0.10

90

55

Based on the given​ information, the best location for Northeastern Insurance Company to open the office is

____________

with a total weighted score of

___________.

​(Enter your response rounded to two decimal​ places.)

In: Operations Management

Leader Company has two support departments (S1 and S2) and two producing departments (P1 and P2)....

  1. Leader Company has two support departments (S1 and S2) and two producing departments (P1 and P2). Estimated direct costs and percentages of services used by these departments are as follows:

Allocation of support departments

S1

S2

P1

P2

S1

             -

10%

40%

50%

S2

20%

-

50%

30%

Direct costs

£4,500

£8,000

£10,000

£15,000

        Required:

a.

Prepare a schedule allocating the support department costs to the producing departments using the direct allocation method.

b.

Prepare a schedule allocating the support department costs to the producing departments using the sequential allocation method.

  1. Describe the differences between support and producing departments. Give two examples of each.

In: Accounting

Leader Company has two support departments (S1 and S2) and two producing departments (P1 and P2)....

  1. Leader Company has two support departments (S1 and S2) and two producing departments (P1 and P2). Estimated direct costs and percentages of services used by these departments are as follows:

Allocation of support departments

S1

S2

P1

P2

S1

             -

10%

40%

50%

S2

20%

-

50%

30%

Direct costs

£4,500

£8,000

£10,000

£15,000

        Required:

a.

Prepare a schedule allocating the support department costs to the producing departments using the direct allocation method.

b.

Prepare a schedule allocating the support department costs to the producing departments using the sequential allocation method.

  1. Describe the differences between support and producing departments. Give two examples of each.

In: Accounting