Multiple Choice Question 91

Meyer & Smith is a full-service technology company. They provide equipment, installation services as well as training. Customers can purchase any product or service separately or as a bundled package. Blossom Corporation purchased computer equipment, installation and training for a total cost of $179010 on March 15, 2018. Estimated standalone fair values of the equipment, installation and training are $94500, $74400 and $30000 respectively. The journal entry to record the transaction on March 15, 2018 will include a

Multiple Choice Question 102

Wildhorse Construction is constructing an office building under contract for Cannon Company and uses the percentage-of-completion method. The contract calls for progress billings and payments of $1600000 each quarter. The total contract price is $19194000 and Wildhorse estimates total costs of $18200000. Wildhorse estimates that the building will take 3 years to complete, and commences construction on January 2, 2018.

At December 31, 2019, Wildhorse Construction estimates that it is 70% complete with the building; however, the estimate of total costs to be incurred has risen to $18450000 due to unanticipated price increases. What is reported in the balance sheet at December 31, 2019 for Wildhorse as the difference between the Construction in Process and the Billings on Construction in Process accounts, and is it a debit or a credit?

Multiple Choice Question 106

Ivanhoe Construction Corporation contracted to construct a building for $7540000. Construction began in 2018 and was completed in 2019. Data relating to the contract are summarized below:

Ivanhoe uses the percentage-of-completion method as the basis for income recognition. For the years ended December 31, 2018, and 2019, respectively, Ivanhoe should report gross profit of

Multiple Choice Question 111

Wildhorse, Inc. began work in 2018 on contract #3814, which provided for a contract price of $21225000. Other details follow:

Assume that Wildhorse uses the percentage-of-completion method of accounting. The portion of the total gross profit to be recognized as income in 2018 is

Saeko owns a yarn shop and want to expands her color selection. Before she expands her colors, she wants to find out if her customers prefer one brand over another brand. Specifically, she is interested in three different types of bison yarn. She randomly selected 21 different days and recorded sales of each brand. 0.10 significance level, can she conclude that there is a difference in preference between brands?

What is the null hypothesis, alternative hyp, level of significance.

Use ANOVA single factor to find the F statistic

QUESTION ONE
Huawei believes that, with the advent of 5G, Harmony OS will be able to resolve the next biggest challenge which is to provide seamless interoperability between the cloud, Artificial intelligence (AI) and IoT. Discuss ways in which this interoperability could help resolve today’s real-world challenges. Motivate your answers with examples.
QUESTION TWO
E-commerce has the potential of increasing the sales of devices running the Harmony operating system. What web-marketing strategies have Huawei adopted to advertise their products and services and promote their reputation?
QUESTION THREE
Using theory and practical examples, discuss how businesses have adopted the Internet of things (IoT) to create value for their customers.
QUESTION FOUR
The implementation of 5G does more harm than good? Discuss reasons why you agree or disagree with this statement.

Why does marginal revenue decrease when total revenue increases? I understand how to calculate marginal revenue and total revenue and I've looked at images of the two curves but I don't understand the reason behind what's happening.  

9.9. Is gender independent of education level? A random sample of people was surveyed and

each person was asked to report the highest education level they obtained. Perform a hypothesis

test. Include all 5 steps.

10.9. Compute and interpret the correlation coefficient for the following grades of 6 students

selected at random.

A retail corporation wants to know how often a customer returns items in a year. The company’s data analytics team analyzed customers’ shopping behavior and came up with three categories of customers. Customers in category 1 do not return items often. Customers in category 2 return some items, and customers in category 3 heavily return items. Suppose that the data analytics team modeled the number of returns in each category of customers according to a Poisson process with rates λ1 = 1 per year, λ2 = 4 per year, and λ3 = 10 per year for categories 1, 2, and 3, respectively. Category 1 customers constitute 30% of the customer base of this retail corporation, whereas Category 2 and 3 customers constitute 60% and 10% of the customer base, respectively.

(a) What is probability that the company gets 10 returned items from a customer during 2019 and 2020 (this time period includes both years 2019 and 2020)? Do NOT calculate a number. Just write an expression for this probability.

(b) Compute the mean and variance of the number of returned items for a customer during 2019 and 2020.

(c) Now consider a category 2 customer. Compute the mean and variance of the number of returned items for this customer (=a category 2 customer) during 2019 and 2020.

(d) Given that a customer returns 10 items in his or her first 2 years, what is the probability this is a category 2 customer? Do NOT calculate a number. Just write an expression for this probability.

The HBR (2004) article entitled “Customer-Centered Brand Management,” argues that brand managers should “make (their) brands as narrow as possible.” Explain a) why this is a sensible general advice to today’s brand managers, and b) under what circumstances it may not be a good guideline to follow.

(Limit your discussion to 1 type-written page.)