Questions
USF manufactures and sells desktop organizing systems. There are three global locations: China – responsible for...

USF manufactures and sells desktop organizing systems. There are three global locations:

China – responsible for the internally manufactured mechanical components of the systems. These are mostly made from standardized pieces of metal and wood sourced locally. The workers are non-union and there is typically a high volume of turnover in any given year.

Variable Costs = 1,000 yuan

Fixed Costs = 1,800 yuan

Market Price for components = 3,600 yuan

Tax rate = 20%

8 yuan = $1 CDN

South Korea – responsible for assembling sub-component pieces that include the internally generated mechanical components (highly technical and made with custom machinery) as well as outsourced mechanical components that come from various suppliers around the world. The workers are non-union and there is very little turnover in any given year.

Variable Costs = 360,000 won

Fixed Costs = 480,000 won

Market Price for assemble pieces = 1,560,000 won

Tax rate = 20%

1,200 won = $1 CDN

Canada – responsible for packaging and distributing to North American markets. The workers are unionized and have had a history of voting to strike when ratifying contracts.

Variable Costs = $100

Fixed Costs = $200

Selling Price = $3,200

Tax rate = 30%

Discuss the difference between transfers made at market price versus transfer prices designed to maximize profits. Show calculations for the profit maximizing scenario.

Include other factors that should be considered if looking to maximize profits.

In: Accounting

4. Suppose that, over a period, the average raw material unit cost was $ 4.85 and...

4. Suppose that, over a period, the average raw material unit cost was $ 4.85 and the average conversion cost was $ 9.15. At the end of the period, there were 600 units in process, with 100% of the raw material and 65% of the conversion costs. How much is the balance of the inventory of goods in process at the end of the period?
to. $ 6,479 b. $ 8,400 c. $ 5,460 d. $ 5,850
5. A company considers it normal for 5% of the units that are completed to be spoilage and transferred to finished goods inventory. In the most recent period, 5,000 units were completed and transferred and 350 units were damaged. How is the cost of damaged units accounted for?
to. The cost of the 350 units is added to the cost of the 5,000 units transferred.
b. The cost of the 350 units is charged to expense for the period.
c. The cost of 250 units is added to the cost of the 5,000 units transferred and the cost of 100 units is charged to expense for the period.
d. The cost of the 350 units is recognized in a separate damaged goods inventory account.
8. A production system that combines “Job costing” and “Process costing” features is known as:
to. Operations costing c. Job-process costing
b. Backflush costing d. There is no such system

In: Accounting

Eli owns an insurance office, while Olivia operates a maintenance service that provides basic custodial duties....

Eli owns an insurance office, while Olivia operates a maintenance service that provides basic custodial duties. For the month of May, the following transactions occurred. May 2 Olivia decides that she will need insurance for a one-day special event at the end of the month and pays Eli $150 in advance. May 5 Olivia provides maintenance services to Eli’s insurance offices on account, $350. May 7 Eli borrows $350 from Olivia by signing a note. May 14 Olivia purchases maintenance supplies from Spot Corporation, paying cash of $125. May 19 Eli pays $350 to Olivia for maintenance services provided on May 5. May 25 Eli pays the utility bill for the month of May, $120. May 28 Olivia receives insurance services from Eli equaling the amount paid on May 2. May 31 Eli pays $350 to Olivia for money borrowed on May 7. Required: Record each transaction for Eli’s insurance Services. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

In: Accounting

(a) Fit a simple linear regression model relating gasoline mileage (y) to engine displacement (x1) and carburetor (x2).

Here is the data Stat7_prob4.R :

y=c(18.90, 17, 20, 18.25, 20.07, 11.2, 22.12, 21.47, 34.70, 30.40, 16.50, 36.50, 21.50, 19.70, 20.30, 17.80, 14.39, 14.89, 17.80, 16.41, 23.54, 21.47, 16.59, 31.90, 29.40, 13.27, 23.90, 19.73, 13.90, 13.27, 13.77, 16.50)

x1=c(350, 350, 250, 351, 225, 440, 231, 262, 89.7, 96.9, 350, 85.3, 171, 258, 140, 302, 500, 440, 350, 318, 231, 360, 400, 96.9, 140, 460, 133.6, 318, 351, 351, 360, 350)

x2=c(4, 4, 1, 2, 1, 4, 2, 2, 2, 2, 4, 2, 2, 1, 2, 2, 4, 4, 4, 2, 2, 2, 4, 2, 2, 4, 2, 2, 2, 2, 4, 4)

Here is the question:

Please Use R software/studio and provide all the R code and R output, please. Please answers all the questions (a, b & c). Pay attention to everything in Bold please. Show all work!

The file Stat7_prob4.R contains data on the gasoline mileage performance of 32 different automobiles.

(a) Fit a simple linear regression model relating gasoline mileage (y) to engine displacement (x1) and carburetor (x2).

(b) Construct and interpret the partial regression plots for each predictor.

(c) Compute the studentized residuals and the R-student residuals for this model. What information is conveyed by these scaled residuals?

In: Statistics and Probability

FlexSteal, marketed as a miracle brush-on sealant and baldness cure, is manufactured at three plants that...

FlexSteal, marketed as a miracle brush-on sealant and baldness cure, is manufactured at three plants that are struggling to keep up with the demand at the four regional centers. The cost to ship a truckload from each of the existing plants to the regional centers is shown in the table. Note that the capacity and the total demand are both measured in truckloads.

Philadelphia Atlanta Dallas Los Angeles Capacity
Plant 1 89 75 93 115 400
Plant 2 120 88 103 93 500
Plant 3 95 82 112 98 500
Total Demand 350 350 350 350


The supply chain manager has explored plant construction costs in two other cities as well as the cost to ship a truckload from each of the plants to the regional centers. The current plan is to build another plant with a capacity of 400 to allow room for sales growth. The construction cost for the new plants and cost to ship to each of the regional centers is shown here.

Philadelphia Atlanta Dallas Los Angeles Cost to Build
Plant A 94 78 95 95 $23,500
Plant B 95 88 88 94 $26,000


What is the result of formulating the linear programming model of the original network configuration (before considering plants A and B) as follows?
Minimize
subject to  ≤ Dj
≤ Ki

Group of answer choices

The shipping quantity from Plant 3 to Atlanta will be 50.

The shipping quantity from Plant 3 to Atlanta will be 0.

The shipping quantity from Plant 3 to Atlanta will be 350.

The shipping quantity from Plant 3 to Atlanta will be 300.

In: Accounting

compare what scientists have discovered and/or inferred regarding the distinctive biological and cultural attributes and probable...

compare what scientists have discovered and/or inferred regarding the distinctive biological and cultural attributes and probable lifeways of neanderthals and of early modern homo sapiend when the two kinds of hominin cohabited europe (around 40-45.00 years ago).

neanderthals and early modern homi sapiens.

In: Biology

Financial Statements and Ratios

Problem:4

The Fashion Place has an inventory valued at $875,000 on January 1. During January, stock costing $235,800 was purchased. At the end of January, the merchandise inventory is $685,255. What is the cost of goods sold for January?

 

Problem:5

The Luggage Emporium had net sales of $87,657 in October. The cost of goods sold in October was $43,775. What was the gross profit for October?

In: Finance

Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit...

Schedule of Cash Collections of Accounts Receivable

OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 30% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows:

October

$121,000

November

151,000

December

221,000

The Accounts Receivable balance on September 30 was $81,000.

Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar.

OfficeMart Inc.

Schedule of Cash Collections from Sales

For the Three Months Ending December 31

                      

October

November

December

Receipts from cash sales:

Cash sales

$

$

$

September sales on account:

Collected in October

October sales on account:

Collected in October

Collected in November

November sales on account:

Collected in November

Collected in December

December sales on account:

Collected in December

Total cash receipts

$

$

$

In: Accounting

Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit...

Schedule of Cash Collections of Accounts Receivable

OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 30% pay their accounts in the month of sale, while the remaining 70% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows:

October $58,000
November 65,000
December 72,000

The Accounts Receivable balance on September 30 was $35,000.

Prepare a schedule of cash collections from sales for October, November, and December. Enter all amounts as positive numbers.

OfficeMart Inc.
Schedule of Cash Collections from Sales
For the Three Months Ending December 31
October November December
Receipts from cash sales:
Cash sales $ $ $
September sales on account:
Collected in October
October sales on account:
Collected in October
Collected in November
November sales on account:
Collected in November
Collected in December
December sales on account:
Collected in December
Total cash collected $ $ $

In: Accounting

Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit...

Schedule of Cash Collections of Accounts Receivable

OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 20% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows:

October $115,000
November 144,000
December 210,000

The Accounts Receivable balance on September 30 was $77,000.

Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar.

OfficeMart Inc.
Schedule of Cash Collections from Sales
For the Three Months Ending December 31
October November December
Receipts from cash sales:
Cash sales $ $ $
September sales on account:
Collected in October
October sales on account:
Collected in October
Collected in November
November sales on account:
Collected in November
Collected in December
December sales on account:
Collected in December
Total cash receipts $ $ $

In: Accounting