A report states that the total cholesterol level of children between the ages of 2 and 6 years is approximately normally distributed with a mean of 192 mg/dL (milligrams per deciliter) and a standard deviation of 27 mg/dL. Please answer all the questions.
a) What is the probability that one randomly selected child between the ages of 2 and 6 years has a total cholesterol level between 150 mg/dL and 200 mg/dL?
b) What is the probability that of 7 children between the ages of 2 and 6 years, exactly 4 have total cholesterol levels between 150 mg/dL and 200 mg/dL? Hint: Think of the binomial distribution!
c) What is the 30th percentile for total cholesterol level for children between the ages of 2 and 6 years? NO EXCEL
d) Between what values are the middle 70% of total cholesterol levels for children between the ages of 2 and 6 years? NO EXCEL
In: Statistics and Probability
You manage a cable company that offers 2 channels - NBC and Fox. You face 2 types of customers (type A and type B) and there are 100 customers of each type. Their respective values for each channel are: Type A Type B NBC $10 $15 Fox $3 $7 If the marginal cost of selling each channel is $1 per channel, what is the most profitable strategy? sell the channels separately bundle the channels indifferent between selling separately and bundling the channels
In: Economics
ou manage a cable company that offers 2 channels - NBC and Fox. You face 2 types of customers (type A and type B) and there are 100 customers of each type. Their respective values for each channel are:
| Type A | Type B | |
| NBC | $10 | $15 |
| Fox | $3 | $7 |
If the marginal cost of selling each channel is $1 per channel, what is the most profitable strategy?
sell the channels separately | ||
bundle the channels | ||
indifferent between selling separately and bundling the channels |
In: Economics
Based on historical data, your manager believes that 37% of the company's orders come from first-time customers. A random sample of 81 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.31 and 0.48? Note: You should carefully round any z-values you calculate to 4 decimal places to match wamap's approach and calculations. Answer = (Enter your answer as a number accurate to 4 decimal places.)
In: Statistics and Probability
Based on historical data, your manager believes that 44% of the company's orders come from first-time customers. A random sample of 141 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.26 and 0.48?
Note: You should carefully round any z-values you calculate to 4 decimal places to match wamap's approach and calculations. Answer = (Enter your answer as a number accurate to 4 decimal places.)
In: Math
Below is the post-closing trial balance of Felix Consultancy Services as at 30 June 2019:
|
Debit $ |
Credit $ |
|
|
Cash at bank |
25500 |
|
|
Accounts receivable |
5500 |
|
|
Equipment |
27000 |
|
|
Accumulated depreciation - Equipment |
450 |
|
|
Accounts payable |
9500 |
|
|
Wages payable |
3000 |
|
|
Revenue received in advance |
1750 |
|
|
Felix, Capital |
|
43300 |
|
58000 |
58000 |
The following transactions occurred during the month July 2019.
|
July |
1 |
Paid employee salaries, $3000 for June. Felix pays his employees’ accrued salaries on the first day of each calendar month. |
|
8 |
Invoiced customers for consultancy services performed, $8750. |
|
|
14 |
Received $2250 cash from customers on account. |
|
|
15 |
Performed $750 of services for customers who paid in advance in June for consultancy services to be performed in July. |
|
|
25 |
Felix redrew capital of $1250. |
|
|
31 |
Paid $1750 for a one-year insurance policy. |
Required
a) Journalise the transactions, including narrations.
b) Prepare an unadjusted trial balance as at 31 July 2019. (Total 20 Marks)
In: Accounting
Below is the post-closing trial balance of Felix Consultancy Services as at 30 June 2019:
|
Debit $ |
Credit $ |
|
|
Cash at bank |
25500 |
|
|
Accounts receivable |
5500 |
|
|
Equipment |
27000 |
|
|
Accumulated depreciation - Equipment |
450 |
|
|
Accounts payable |
9500 |
|
|
Wages payable |
3000 |
|
|
Revenue received in advance |
1750 |
|
|
Felix, Capital |
|
43300 |
|
58000 |
58000 |
The following transactions occurred during the month July 2019.
|
July |
1 |
Paid employee salaries, $3000 for June. Felix pays his employees’ accrued salaries on the first day of each calendar month. |
|
8 |
Invoiced customers for consultancy services performed, $8750. |
|
|
14 |
Received $2250 cash from customers on account. |
|
|
15 |
Performed $750 of services for customers who paid in advance in June for consultancy services to be performed in July. |
|
|
25 |
Felix redrew capital of $1250. |
|
|
31 |
Paid $1750 for a one-year insurance policy. |
Required
a) Journalise the transactions, including narrations.
b) Prepare an unadjusted trial balance as at 31 July 2019. (Total 20 Marks)
In: Accounting
Below is the post-closing trial balance of Sam Consultancy Services as at 30 June 2019:
|
Debit $ |
Credit $ |
|
|
Cash at bank |
38250 |
|
|
Accounts receivable |
8250 |
|
|
Equipment |
40500 |
|
|
Accumulated depreciation - Equipment |
675 |
|
|
Accounts payable |
14250 |
|
|
Wages payable |
4500 |
|
|
Revenue received in advance |
2625 |
|
|
Sam, Capital |
|
64950 |
|
87000 |
87000 |
The following transactions occurred during the month July 2019.
|
July |
1 |
Paid employee salaries, $4500 for June. Sam pays his employees’ accrued salaries on the first day of each calendar month. |
|
8 |
Invoiced customers for consultancy services performed, $13100. |
|
|
14 |
Received $3370 cash from customers on account. |
|
|
15 |
Performed $1125 of services for customers who paid in advance in June for consultancy services to be performed in July. |
|
|
25 |
Sam redrew capital of $1800. |
|
|
31 |
Paid $2600 for a two-year insurance policy. |
Required
a) Journalise the transactions, including narrations.
b) Prepare an unadjusted trial balance as at 31 July 2019. (Total 20 Marks)
In: Accounting
Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction:
A. increases,
B. decreases, or
C. has no effect. The item (a) is provided as an example.
6. Collected from customers for services provided on account.
7. Incurred salaries for the month, will pay next week.
8. Purchased office equipment and will pay vendor later.
|
Asset |
Liability |
Stockholders’ Equity |
|
|
(a) |
A |
C |
A |
|
6. |
|||
|
7. |
|||
|
8. |
9. At the beginning of January, the balance in the Retained Earnings account is $210,000 for BMJ Corporation. During the month of January, BMJ had the following external transactions.
|
(a) |
Pay rent for the month |
$5,000 |
|
(b) |
Provide services to customers in exchange for cash |
150,000 |
|
(c) |
Provide services to customers on account |
80,000 |
|
(d) |
Issue common stock for cash |
100,000 |
|
(e) |
Purchase equipment and pay cash |
125,000 |
|
(f) |
Pay workers' salaries for the month |
140,000 |
|
(g) |
Pay dividends to stockholders |
40,000 |
$______________Determine ending Retained Earnings for January 31st.
In: Accounting
You are the manager of Coca-Cola and are facing the effect of a research (published in 2004) that reports that consuming high fructose corn syrup (HFCS) is associated with promoting obesity. Consider the number of news reports and the number of other research papers on this topic that have been published since 2004. This issue is relevant to you because HFCS is the sweetener used in soft drink manufacturing. Then, you are to:
1. What would you do to offset the effect of the HFCS-obesity research on the demand for Coca-Cola? Based on economic theory explain your decision. Explain if your decision is working.
2. Would you increase or decrease price to boost Coke sales? Based on economic theory, explain your choice.
3. Based on economic theory, explain how Coke’s advertising would affect the demand for Pepsi.
4. Based on economic theory, explain why you would spend a lot of money on.
In: Economics