Chapter 15 The University Bookstore Student Computer Purchase Program Case page 762 The University Bookstore Student Computer Purchase Program: The University Bookstore is owned and operated by State University through an independent corporation with its own board of directors. The bookstore has three locations on or near the State University campus. It stocks a range of items, including textbooks, trade books, logo apparel, drawing and educational supplies, and computers and related products, including printers, modems, and software. The bookstore has a program to sell personal computers to incoming freshmen and other students at a substantial educational discount, partly passed on from computer manufacturers. This means that the bookstore just covers computer costs, with a very small profit margin remaining. Each summer all incoming freshmen and their parents come to the State campus for a 3 day orientation program. The students come in groups of 100 throughout the summer. During their visit the students and their parents are given details about the bookstore’s computer purchase program. Some students place their computer orders for the fall semester at this time, whereas, others wait until later in the summer. The bookstore also receives orders from returning students throughout the summer. This program presents a challenging management problem for the bookstore. Orders come in throughout the summer, many old a few weeks before school starts in the fall, and the computer suppliers require at least 6 weeks for delivery. Thus, the bookstore must forecast computer demand to build up inventory to meet student demand in the fall. The student computer program and the forecast of computer demand have repercussions all along the bookstore supply chain. The bookstore has a warehouse near campus where it must store all computers because it has no storage space at its retail locations. Ordering too many computers not only this up the bookstore’s cash reserves, it also takes up limited storage space and limits inventories for other bookstore products during the bookstore’s busiest sales period. Because the bookstore has such a low profit margin on computers, its bottom line depends on these other products. Because competition for good students has increased, the university has become very quality conscious and insists that all university facilities provide exemplary student service, which for the bookstore means meeting all student demands for computers when fall semester starts. The number of computers ordered also affects the number of temporary warehouse and bookstore workers who must be hired for handling and assisting with PC installations. The number of truck trips from the warehouse to the bookstore each day of fall registration is also affected by computer sales. The bookstore student computer purchase program has been in place for 14 years. Although, the student population has remained stable during this period, computer sales have been somewhat volatile. Following are the historical sales data for computers during the first month of fall registration: 1. Develop an appropriate forecast model for the bookstore manager to use to forecast computer demand for the next fall semester. Show work for the following forecast techniques: A. Moving average (n = 3) B. Moving average (n = 5) C. Weighted Moving average (50%, 30%, 20%, starting with most recent period) D. Linear trend line E. Exponential smoothing (alpha = .3 2. Adjusted exponential smoothing (alpha = .3, beta = .4) A. Complete all above forecast techniques using MS Excel, QM for Windows or Excel QM B. Label everything appropriately. You do not need to make each forecast technique a separate tab on the sheet. However, please label columns correctly. C. Place your name in the document 3. Identify the forecast technique with the lowest MAD. YEAR
Year- Computers sold
1 518
2 651
3 708
4 921
5 775
6 810
7 856
8 792
9 877
10 693
11 841
12 1009
13 902
14 1103
In: Statistics and Probability
Hello,
i need a 1.5 Pages report about southwest airlines, the paper
should discuss 6 ratios of the company, explaining what these
numbers are telling us, we are not required to do calculation or
show how we solved them, just mention 6 ratios and explain them,
and how investors are affected and what information it gave us to
improve our business.
**the ratios could be found in any general website.
In: Finance
Please write a python code for the following. Use dictionaries and list comprehensions to implement the functions defined below. You are expected to re-use these functions in implementing other functions in the file. Include a triple-quoted string at the bottom displaying your output.
Here is the starter outline for the homework:
a.
def count_character(text, char):
""" Count the number of times a character occurs in some text.
Do not use the count() method. """
return 0
b.
def count_sentences(text):
""" Count the number of sentences occurring in some text
We assume a sentence corresponds to the number of periods. """
return 0
c.
def text_to_words(text, punctuation=".,?;"):
"""remove punctuation, convert all words to lower case and
return a list of words """
return []
gettysburg_address = """
Four score and seven years ago our fathers brought forthon this continent, a new nation, conceived in Liberty,and dedicated to the proposition that all men are createdequal. Now we are engaged in a great civil war, testingwhether that nation, or any nation so conceived and sodedicated, can long endure. We are met on a greatbattlefield of that war. We have come to dedicate aportion of that field, as a final resting place forthose who here gave their lives that that nation mightlive. It is altogether fitting and proper that we shoulddo this. But, in a larger sense, we can not dedicate, wecan not consecrate, we can not hallow this ground.The brave men, living and dead, who struggled here,have consecrated it, far above our poor power to addor detract. The world will little note, nor longremember what we say here, but it can never forget whatthey did here. It is for us the living, rather, to bededicated here to the unfinished work which they whofought here have thus far so nobly advanced. It israther for us to be here dedicated to the great taskremaining before us—that from these honored dead wetake increased devotion to that cause for which theygave the last full measure of devotion that we herehighly resolve that these dead shall not have died invain that this nation, under God, shall have a newbirth of freedom and that government of the people, bythe people, for the people, shall not perish from theearth.
"""
In: Computer Science
1) In the Health ABC Study, 522 subjects owned a pet and 1982 subjects did not. Among the pet owners, there were 295 women; 968 of the non-pet owners were women. Find the proportion of pet owners who were women. Do the same for the non-pet owners. (Be sure to let Population 1 correspond to the group with the higher proportion so that the difference will be positive. Round your answers to three decimal places.)
| p̂1 | = |
| p̂2 | = |
Give a 95% confidence interval for the difference in the two
proportions. (Do not use rounded values. Round your final answers
to three decimal places.)
( , )
2) A survey of Internet users reported that 20% downloaded music onto their computers. The filing of lawsuits by the recording industry may be a reason why this percent has decreased from the estimate of 28% from a survey taken two years before. Assume that the sample sizes are both 1441. Using a significance test, evaluate whether or not there has been a change in the percent of Internet users who download music. Provide all details for the test. (Round your value for z to two decimal places. Round your P-value to four decimal places.)
| z | = | |
| P-value | = |
Summarize your conclusion.
1 We conclude that the means are different.
2 We conclude that the means are not different.
3 We conclude that the proportions are not different.
4 We cannot draw any conclusions using a significance test for this data.
5 We conclude that the proportions are different.
Also report a 95% confidence interval for the difference in
proportions. (Round your answers to four decimal places.)
( , )
Explain what information is provided in the interval that is not in
the significance test results.
1 The interval shows no significant change in music downloads.
2 The interval tells us there was a significant change in music downloads, but the test statistic is inconclusive.
3 The significance test does not indicate the direction of change, but the interval shows that the music downloads decreased.
4 The interval gives us an idea of how large the difference is between the first survey and the second survey.
5 The interval does not provide any more information than the significance test would tell us.
Thanks so very much ive been struggling with these 2 all day
In: Statistics and Probability
Brilliant Design Company makes custom chairs for individual customers. Brilliant Design Company is a job-order costing manufacturer that applies overhead on the basis of Direct Labor Cost. At the beginning of the year, to establish a predetermined overhead rate, Brilliant Design Company estimated total $700 in overhead costs and total $1,000 in direct labor cost.
On October 1, there was one job in process, Job 243, with a cost of $1,300.
Jobs 244, 245, and 246 were started during the month of October.
Data on costs added during the month are as follows:
|
Job 243 |
Job 244 |
Job 245 |
Job 246 |
|
|
Direct Materials |
$8,400 |
$2,300 |
$5,550 |
$9,200 |
|
Direct Labor |
3,100 |
980 |
2,200 |
5,010 |
Job 245 was completed and the client was billed at cost plus 55%. All other jobs remained in process.
Q23. What is the manufacturing overhead applied to Job 243?
Q24. what is the total manufacturing overhead for job 245?
Q25. what is the Balance in work of process in October 31?
Q26. what is the price of Job 245?
In: Accounting
16. Which of the following statements about partnerships are true?
| A. |
Partnerships afford their owners a liability shield against claims from third parties. |
|
| B. |
For tax purposes, partnerships are pass through entities. |
|
| C. |
Absent an agreement to the contrary partnerships do not survive the death of one of the partners. |
|
| D. |
Partnerships are relatively easy to form. |
17.The Securities and Exchange Commission holds primary responsibility for which of the following. Check all that apply.
| A. |
Determining the offering price for shares in an initial public offering of stock. |
|
| B. |
Enforcing federal securities laws. |
|
| C. |
Enforcing state securities laws. |
|
| D. |
Proposing federal securities rules . |
|
| E. |
Regulating the securities industry , the nation's stock and options exchanges, and other activities and organizations, including electronic securities markets in the United States. |
|
| F. |
Counseling investors as to the desirability of public stock offerings. |
18. Select the best phrase to complete the following:
Delaware's Chancery Court
| A. |
has exclusive jurisdiction to hear corporate law questions in the United States. |
|
| B. |
is one of the primary disadvantages of incorporating in Delaware. |
|
| C. |
is a specialized business court with judges who are expert in corporate law. |
|
| D. |
has jurisdiction over federal bankruptcy matters. |
19. Which of the following factors will a court consider in determining whether a partnership exists?
| A. |
The qualifications of the parties to conduct the business of the partnership. |
|
| B. |
Whether the parties intend to make a profit. |
|
| C. |
Whether the parties are involved in the management of the business. |
|
| D. |
Whether there are independent outside investors in the business. |
|
| E. |
How the parties divide profits and losses deriving from the business. |
|
| F. |
Whether the business has actually earned a profit. |
|
| G. |
Whether the business conducts activities in more than one jurisdiction. |
|
| H. |
Whether there is a partnership agreement. |
20.Select the statement concerning limited liability companies that is most complete and accurate.
| A. |
Limited liability companies are typically taxed at the entity level. |
|
| B. |
Limited liability companies offer liability protection for owners and managers from debts of the company. |
|
| C. |
Limited liability companies offer liability protection for owners and managers from debts of the company. Limited liability companies also offer pass through tax treatment. |
|
| D. |
Limited liability companies offer liability protection for owners but not for managers from debts of the company. |
In: Accounting
Please complete the full question in coloumn so that it is readable.
Wells Technical Institute (WTI), a school owned by Tristana Wells,
provides training to individuals who pay tuition directly to the
school. WTI also offers training to groups in off-site locations.
Its unadjusted trial balance as of December 31, 2017, follows. WTI
initially records prepaid expenses and unearned revenues in balance
sheet accounts. Descriptions of items athrough h
that require adjusting entries on December 31, 2017, follow.
Additional Information Items
An analysis of WTI's insurance policies shows that $3,468 of coverage has expired.
An inventory count shows that teaching supplies costing $3,006 are available at year-end 2017.
Annual depreciation on the equipment is $13,871.
Annual depreciation on the professional library is $6,936.
On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,600, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018.
On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $4,219 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)
WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
The balance in the Prepaid Rent account represents rent for December.
|
WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2017 |
|||||
| Debit | Credit | ||||
| Cash | $ | 27,547 | |||
| Accounts receivable | 0 | ||||
| Teaching supplies | 10,594 | ||||
| Prepaid insurance | 15,894 | ||||
| Prepaid rent | 2,120 | ||||
| Professional library | 31,784 | ||||
| Accumulated depreciation—Professional library | $ | 9,537 | |||
| Equipment | 74,152 | ||||
| Accumulated depreciation—Equipment | 16,954 | ||||
| Accounts payable | 36,794 | ||||
| Salaries payable | 0 | ||||
| Unearned training fees | 13,000 | ||||
| T. Wells, Capital | 67,385 | ||||
| T. Wells, Withdrawals | 42,381 | ||||
| Tuition fees earned | 108,069 | ||||
| Training fees earned | 40,261 | ||||
| Depreciation expense—Professional library | 0 | ||||
| Depreciation expense—Equipment | 0 | ||||
| Salaries expense | 50,858 | ||||
| Insurance expense | 0 | ||||
| Rent expense | 23,320 | ||||
| Teaching supplies expense | 0 | ||||
| Advertising expense | 7,417 | ||||
| Utilities expense | 5,933 | ||||
| Totals | $ | 292,000 | $ | 292,000 | |
2-a. Post the balance from the unadjusted trial
balance and the adjusting entries in to the T-accounts.
2-b. Prepare an adjusted trial balance.
In: Accounting
Wells Technical Institute (WTI), a school owned by Tristana
Wells, provides training to individuals who pay tuition directly to
the school. WTI also offers training to groups in off-site
locations. Its unadjusted trial balance as of December 31, 2017,
follows. WTI initially records prepaid expenses and unearned
revenues in balance sheet accounts. Descriptions of items
a through h that require adjusting entries on
December 31, 2017, follow.
Additional Information Items
An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.
An inventory count shows that teaching supplies costing $2,318 are available at year-end 2017.
Annual depreciation on the equipment is $10,698.
Annual depreciation on the professional library is $5,349.
On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,900, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018.
On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $2,361 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)
WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
The balance in the Prepaid Rent account represents rent for December.
|
WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2017 |
|||||
| Debit | Credit | ||||
| Cash | $ | 28,000 | |||
| Accounts receivable | 0 | ||||
| Teaching supplies | 10,768 | ||||
| Prepaid insurance | 16,155 | ||||
| Prepaid rent | 2,155 | ||||
| Professional library | 32,307 | ||||
| Accumulated depreciation—Professional library | $ | 9,693 | |||
| Equipment | 75,368 | ||||
| Accumulated depreciation—Equipment | 17,232 | ||||
| Accounts payable | 36,113 | ||||
| Salaries payable | 0 | ||||
| Unearned training fees | 14,500 | ||||
| T. Wells, Capital | 68,493 | ||||
| T. Wells, Withdrawals | 43,078 | ||||
| Tuition fees earned | 109,846 | ||||
| Training fees earned | 40,923 | ||||
| Depreciation expense—Professional library | 0 | ||||
| Depreciation expense—Equipment | 0 | ||||
| Salaries expense | 51,694 | ||||
| Insurance expense | 0 | ||||
| Rent expense | 23,705 | ||||
| Teaching supplies expense | 0 | ||||
| Advertising expense | 7,539 | ||||
| Utilities expense | 6,031 | ||||
| Totals | $ | 296,800 | $ | 296,800 | |
2-a. Post the balance from the unadjusted trial
balance and the adjusting entries in to the T-accounts.
2-b. Prepare an adjusted trial balance.
In: Accounting
2-a. Post the balance from the unadjusted trial
balance and the adjusting entries in to the T-accounts.
2-b. Prepare an adjusted trial balance.
[The following information applies to the questions
displayed below.]
Wells Technical Institute (WTI), a school owned by Tristana Wells,
provides training to individuals who pay tuition directly to the
school. WTI also offers training to groups in off-site locations.
Its unadjusted trial balance as of December 31, 2017, follows. WTI
initially records prepaid expenses and unearned revenues in balance
sheet accounts. Descriptions of items athrough h
that require adjusting entries on December 31, 2017, follow.
Additional Information Items
An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.
An inventory count shows that teaching supplies costing $2,318 are available at year-end 2017.
Annual depreciation on the equipment is $10,698.
Annual depreciation on the professional library is $5,349.
On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,800, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018.
On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $2,461 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)
WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
The balance in the Prepaid Rent account represents rent for December.
|
WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2017 |
|||||
| Debit | Credit | ||||
| Cash | $ | 27,094 | |||
| Accounts receivable | 0 | ||||
| Teaching supplies | 10,420 | ||||
| Prepaid insurance | 15,632 | ||||
| Prepaid rent | 2,085 | ||||
| Professional library | 31,262 | ||||
| Accumulated depreciation—Professional library | $ | 9,380 | |||
| Equipment | 72,935 | ||||
| Accumulated depreciation—Equipment | 16,675 | ||||
| Accounts payable | 34,976 | ||||
| Salaries payable | 0 | ||||
| Unearned training fees | 14,000 | ||||
| Common stock | 14,000 | ||||
| Retained earnings | 52,277 | ||||
| Dividends | 41,684 | ||||
| Tuition fees earned | 106,293 | ||||
| Training fees earned | 39,599 | ||||
| Depreciation expense—Professional library | 0 | ||||
| Depreciation expense—Equipment | 0 | ||||
| Salaries expense | 50,022 | ||||
| Insurance expense | 0 | ||||
| Rent expense | 22,935 | ||||
| Teaching supplies expense | 0 | ||||
| Advertising expense | 7,295 | ||||
| Utilities expense | 5,836 | ||||
| Totals | $ | 287,200 | $ | 287,200 | |
In: Accounting
Required information
[The following information applies to the questions
displayed below.]
Wells Technical Institute (WTI), a school owned by Tristana Wells,
provides training to individuals who pay tuition directly to the
school. WTI also offers training to groups in off-site locations.
Its unadjusted trial balance as of December 31, 2017, follows. WTI
initially records prepaid expenses and unearned revenues in balance
sheet accounts. Descriptions of items a through h
that require adjusting entries on December 31, 2017, follow.
Additional Information Items
| WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2017 |
|||||
| Debit | Credit | ||||
| Cash | $ | 27,698 | |||
| Accounts receivable | 0 | ||||
| Teaching supplies | 10,652 | ||||
| Prepaid insurance | 15,981 | ||||
| Prepaid rent | 2,132 | ||||
| Professional library | 31,958 | ||||
| Accumulated depreciation—Professional library | $ | 9,589 | |||
| Equipment | 74,555 | ||||
| Accumulated depreciation—Equipment | 17,046 | ||||
| Accounts payable | 37,568 | ||||
| Salaries payable | 0 | ||||
| Unearned training fees | 12,500 | ||||
| Common stock | 12,000 | ||||
| Retained earnings | 55,754 | ||||
| Dividends | 42,613 | ||||
| Tuition fees earned | 108,661 | ||||
| Training fees earned | 40,482 | ||||
| Depreciation expense—Professional library | 0 | ||||
| Depreciation expense—Equipment | 0 | ||||
| Salaries expense | 51,136 | ||||
| Insurance expense | 0 | ||||
| Rent expense | 23,452 | ||||
| Teaching supplies expense | 0 | ||||
| Advertising expense | 7,457 | ||||
| Utilities expense | 5,966 | ||||
| Totals | $ | 293,600 | $ | 293,600 | |
2-a. Post the balance from the unadjusted trial
balance and the adjusting entries in to the T-accounts.
2-b. Prepare an adjusted trial balance.
In: Finance