A researcher observes the weight of a class of 36 students in high school. The given table shows the data she collected (in kg).
|
71 |
70 |
68 |
75 |
72 |
69 |
|
68 |
72 |
72 |
69 |
67 |
67 |
|
74 |
74 |
74 |
68 |
71 |
74 |
|
68 |
71 |
70 |
71 |
74 |
72 |
|
75 |
77 |
72 |
70 |
73 |
73 |
|
69 |
67 |
71 |
72 |
72 |
71 |
The researcher wants to test whether the mean weight of all high school students in the state
(μ)
would be
70
kg or not.
So, the null and the alternative hypotheses for the test the researcher wants to conduct are:
A.The researcher's null hypothesis is
H0: μ=70
and the alternative hypothesis is
HA: μ≠70.
Your answer is correct.
B.The researcher's null hypothesis is
H0: μ≥70
and the alternative hypothesis is
HA: μ≤70.
C.The researcher's null hypothesis is
H0: μ=70
and the alternative hypothesis is
HA: μ≥70.
D.The researcher's null hypothesis is
H0: μ≥70
and the alternative hypothesis is
HA: μ≠70.
For a prespecified 5% significance level, the
p-value
of the test the researcher wants to conduct is
nothing.
In: Statistics and Probability
.How does cellphone service compare between different cities? The data stored in CellService represents the rating of Verizon and AT&T in 22 different cities (Data extracted from “Best Phones and Services,” Consumer Reports, January 2012, p. 28, 37). Is there evidence of a difference in the mean cellphone service rating between Verizon and AT&T? (Use a 0.05 level of significance)
I WANT THE ANSWER IN EXCEL USING THE DATA ANALYSIS....DO NOT PROVIDE A HAND WRITTEN ANSWER...I'm trying to understand the functions in excel
| City | Verizon | AT&T |
| Atlanta | 74 | 56 |
| Austin | 72 | 61 |
| Boston | 69 | 60 |
| Chicago | 73 | 55 |
| Dallas-Fort Worth | 76 | 65 |
| Denver | 72 | 56 |
| Detroit | 73 | 63 |
| Houston | 77 | 59 |
| Kansas City | 74 | 66 |
| Los Angeles | 73 | 56 |
| Miami | 74 | 61 |
| Milwaukee | 74 | 60 |
| Minneapolis-St.Paul | 71 | 60 |
| New York | 71 | 57 |
| Philadelphia | 71 | 63 |
| Phoenix | 76 | 62 |
| San Diego | 74 | 60 |
| San Francisco | 73 | 53 |
| Seattle | 72 | 59 |
| St. Louis | 73 | 64 |
| Tampa | 73 | 67 |
| Washington D. C. | 71 | 60 |
In: Statistics and Probability
Evaluate the following expressing your answer in its simplest form: 5 7 − 3 14 × 2 27 5 6 + 1
Three businessmen decide to open up their own company. They agree to distribute the yearly profits made in the same ratio as their initial investments. They invest R 50 000, R 75 000 and R 25 000, respectively. The profit made by the company in the first year is R 600 000.
(a) Express the ratio of the initial investments in simplest form.
(b) How much will each businessman receive by way of profit?
Simplify each of the following expressions:
(a) 6? − 9? + 4? + 2?
(b) 7?(2? + 5)
Solve each of the following equations:
(a) 3? − 8 = 5? − 12
(b) ?+9 5 + 8? = 11 − ?
In: Statistics and Probability
ABC Company produces Product X, Product Y, and Product Z. All three products require processing on specialized finishing machines. The capacity of these machines is 2,130 hours per month. ABC Company wants to determine the product mix that should be achieved to meet the high demand for each product and provide the maximum profit. Following is information about each product: Product X Product Y Product Z Selling price $ 149 $ 121 $ 35 Variable costs 104 60 27 Machine time per unit 3 hours 3 hours 1 hour Monthly demand (units) 430 280 755
Determine how the 2,130 hours of machine time should be allocated to the three products to provide the most profitable product mix. (Do not round intermediate calculations.)
In: Accounting
Hogan Company uses the net method of accounting for sales
discounts. Hogan offers trade discounts to various groups of
buyers.
On August 1, 2021, Hogan factored some accounts receivable on a
without recourse basis. Hogan incurred a finance charge.
Hogan also has some notes receivable bearing an appropriate rate of
interest. The principal and total interest are due at maturity. The
notes were received on October 1, 2021, and mature on September 30,
2022. Hogan’s operating cycle is less than one year.
1a. What is the rationale for the amount recorded as sales under the net method?
1b. Using the net method, describe any effect on
Hogan’s sales revenues and net income when customers do not take
the sales discounts.
2. Describe the effect trade discounts have on the amount recorded as sales revenue and accounts receivable
3. Explain why Hogan should or shouldn't decrease
accounts receivable to account for the receivables factored on
August 1, 2021.
4. Explain the reasoning for the classification of the interest-bearing notes receivable as current or non-current in its December 31, 2021, balance sheet.
In: Accounting
Activity #1 Goal: Produce an Excel spreadsheet that allows your company to model profitability. Assume your company produces bicycles and manufactures these different models: road, mountain, tandem, electric and hybrid.
1) Create a new Excel spreadsheet.
2) Create a new worksheet in the Excel spreadsheet – In this worksheet, create a model that allows the following variables to be changed for each of the 5 bicycle types: 1) The sales quantity 2) The sales price per unit 3) The Cost of Goods Sold (COGS) per unit
Create formulas to calculate the total sales (revenue) and total COGS.
3) Create another worksheet (2) in the same spreadsheet – In this worksheet, create an income statement to model profitability, using the following::
a. The total sales (revenue) and total COGS from worksheet (1). Hint: Use formulas to obtain the total sales (revenue) and total COGS from the worksheet.
b. Selling and General Admin (SG&A) expenses of $25,000.
c. Research & Development (R&D) expenses of $40,000.
d. Miscellaneous Overhead expenses of $5000.
e. Use formulas to calculate Gross Profit, Total Opex and Net Profit and all of the % of sales values.
In: Accounting
Fair Value Hedge: Short in Commodity Futures
American Italian Pasta Company (AIPC) manufactures several varieties of pasta. On January 1, 2020, AIPC had excess commodity inventories carried at acquisition cost of $1,000,000. These commodities could be sold or manufactured into pasta later in the year. To hedge against possible declines in the value of its commodities inventory, on January 6 AIPC sold commodity futures, obligating the company to deliver the commodities in February for $1,100,000. The futures exchange requires a $20,000 margin deposit. On February 19, the futures price increased to $1,150,000 and the company closed out its futures contract. Spot prices continued to rise and AIPC sold its inventory for $1,175,000 in cash on March 2.
Required
a. Prepare the journal entries related to AIPC’s futures contract and sale of commodities inventory. Assume a perpetual inventory system, that spot and futures prices move in tandem, and the futures position qualifies for hedge accounting. All income effects for the inventories and related hedges are reported in cost of goods sold.
| Date | Description | Debit | Credit | |
|---|---|---|---|---|
| 1/6/20 | AnswerCashCost of goods soldInventoryInvestment in futuresSales revenue | Answer | Answer | |
| AnswerCashCost of goods soldInventoryInvestment in futuresSales revenue | Answer | Answer | ||
| To record the initial margin deposit on the sale of commodity. | ||||
| 2/19/20 | AnswerCashCost of goods soldInventoryInvestment in futuresSales revenue | Answer | Answer | |
| AnswerCashCost of goods soldInventoryInvestment in futuresSales revenue | Answer | Answer | ||
| Cash | Answer | Answer | ||
| To settle the contract. | ||||
| AnswerCashCost of goods soldInventoryInvestment in futuresSales revenue | Answer | Answer | ||
| AnswerCashCost of goods soldInventoryInvestment in futuresSales revenue | Answer | Answer | ||
| To adjust the carrying value of the hedged inventory for the change in fair value. | ||||
| 3/2/20 | AnswerCashCost of goods soldInventoryInvestment in futuresSales revenue | Answer | Answer | |
| AnswerCashCost of goods soldInventoryInvestment in futuresSales revenue | Answer | Answer | ||
| To record sale of commodities. | ||||
| AnswerCashCost of goods soldInventoryInvestment in futuresSales revenue | Answer | Answer | ||
| AnswerCashCost of goods soldInventoryInvestment in futuresSales revenue | Answer | Answer | ||
| To recognize the cost of sales. |
b. By how much would AIPC’s profit increase if the hedge was not undertaken?
$Answer
In: Accounting
Suppose that you are responsible for running the Facebook page of a local company that you are working for. The following metrics summarize the account information for the past month:
Total number of likes on the posts = 150
Total number of comments on the posts = 100
Total number of shares of the posts = 20
Total number of posts you made = 10
Total number of followers of the page = 1000
Answer the next four questions based on the information provided
What is the amplification rate?
| A. |
15 |
|
| B. |
10 |
|
| C. |
27% |
|
| D. |
15% |
|
| E. |
2 |
What is the applause rate?
| A. |
15 |
|
| B. |
10 |
|
| C. |
2 |
|
| D. |
27% |
|
| E. |
15% |
What is the engagement rate?
| A. |
10 |
|
| B. |
2 |
|
| C. |
15 |
|
| D. |
15% |
|
| E. |
27% |
What is the conversion rate?
| A. |
2 |
|
| B. |
15% |
|
| C. |
10 |
|
| D. |
15 |
|
| E. |
27% |
In: Operations Management
In: Economics
Dickson City Company has annual sales of $5 million, while the cost of goods sold is $3.2 million. All sales are made on a cash basis. The owner of Dickson has come up with the plan of giving credit to the customers. He believes that this will increase the sales by 25% without increasing any of the fixed costs. He thinks that 20% of the customers will pay within 30 days, 40% within 60 days, 37% within 90 days, and 3% of the customers will default on the sales. The cost of capital to Dickson is 12%.
(A) Should Dickson City introduce the policy of credit sales?
Answers: NPV(cash) = $1.8 million, NPV(credit) = 1.941 million, yes. ♥
(B) The manager of the firm doubts whether the sales will actually increase by 25% as a result of this strategy. Find the minimum increase in sales to justify introduction of the new credit policy.
Answer: 15.29%
In: Finance