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
In: Accounting
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
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 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 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
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 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 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 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