A restaurant has three types of customers. A third of its customers, Type A, are willing to spend $5 on an appetizer but only $2 on a dessert. Another third, Type B, are willing to spend $3.50 on an appetizer and $3.50 on a dessert. The remaining third, Type C, are willing to spend only $2 on an appetizer but $5 on a dessert. All three types are willing to spend $10 on the main course. It costs the restaurant a constant $2 to prepare an appetizer or a dessert, and $7 to prepare the main course.
Which is optimal for the restaurant, to offer appetizers and desserts with separate prices on the menu, or to offer them only as a complete meal, tied in with the main course?
In: Economics
Segregation of duties
Fluffy Dogs Inc., is a small company with three people working in the revenue processes. One employee, Brenda, works as the Supervisor. Sally and Tyler report to Brenda. Together, this group must achieve the following tasks:
Required:
For each of the three employees consider the duties you would assign to each employee. In assigning duties there should be a proper separation of duties to achieve appropriate internal control. List the three people, the duties you assigned to each employee, and a description of why those assignments achieve proper separation of duties. Provide two example pairings where proper internal control is not met and explain how fraud could be perpetrated by one person being responsible for duties that are not properly segregated. There will be three answers to this question.
In: Accounting
A company shipped 6,000,000 pounds of goods to customers at a cost of $3,000,000. Total revenue is $40 million. If an individual customer orders 10,000 pounds, calculate the amount of shipping cost assigned to the customer using activity-based costing.
In: Accounting
What are the differences between junctional and combinational diversity Give 2 examples of mechanisms that contribute to junctional diversity?
In: Biology
In: Accounting
Identify the applicable accounting convention for the following business scenario and explain your choice
The Morrison Company receives much of its revenue from those customers who buy or rent furniture and appliances on the installment plan. Because the company uses an accrual-based accounting system, revenue is recognized at the point of sale, even though cash comes in on a monthly basis from customers. Lately, the company's accountant is questioning the use of the accrual basis for recognizing revenue, because several customers have defaulted on their contracts, causing problems in the accounting system.
In: Accounting
In: Finance
Twenty-one mature flowers of a particular species were dissected, and the number of stamens and carpels present in each flower were counted.
| x, Stamens | 52 | 68 | 70 | 38 | 61 | 51 | 56 | 65 | 43 | 37 | 36 | 74 | 38 | 35 | 45 | 72 | 59 | 60 | 73 | 76 | 68 |
| y, Carpels | 19 | 32 | 27 | 21 | 18 | 30 | 31 | 31 | 20 | 26 | 23 | 28 | 27 | 24 | 28 | 22 | 34 | 26 | 32 | 36 | 33 |
(a) Is there sufficient evidence to claim a linear relationship
between these two variables at α = .05?
(i) Find r. (Give your answer correct to three decimal
places.)
(iii) State the appropriate conclusion.
Reject the null hypothesis, there is not significant evidence to claim a linear relationship.Reject the null hypothesis, there is significant evidence to claim a linear relationship. Fail to reject the null hypothesis, there is significant evidence to claim a linear relationship.Fail to reject the null hypothesis, there is not significant evidence to claim a linear relationship.
(b) What is the relationship between the number of stamens and the
number of carpels in this variety of flower?. (Give your answers
correct to two decimal places.)
| = | + x |
(c) Is the slope of the regression line significant at α =
.05?(i) Find t. (Give your answer correct to two decimal
places.)
(ii) Find the P-value. (Give your answer bounds
exactly.)
< p <
(iii) State the appropriate conclusion.
Reject the null hypothesis, there is not evidence of a significant slope.Reject the null hypothesis, there is evidence of a significant slope. Fail to reject the null hypothesis, there is evidence of a significant slope.Fail to reject the null hypothesis, there is not evidence of a significant slope.
(d) Find the 98% prediction interval for the number of carpels that
one would expect to find in a mature flower of this variety if the
number of stamens were 45. (Give your answers correct to one
decimal place.)
| Lower Limit | |
| Upper Limit |
In: Statistics and Probability
Customers enter the camera department of a store with an average of 14 minutes between customers.
The department is staffed by one employee, who can handle an average of 13 customers per hour.
Assume this is a simple Poisson arrival, exponentially distributed service time situation.
Find the following information to help the manager decide if a second employee should be added:
The average number of customers waiting. Please keep 4 decimals.
The average time a customer waits (in minutes). Please keep 4 decimals.
The average time a customer is in the department (in minutes). Please keep 4 decimals.
In: Statistics and Probability
Customers enter the camera department of a store with an average of 14 minutes between customers.
The department is staffed by one employee, who can handle an average of 13 customers per hour.
Assume this is a simple Poisson arrival, exponentially distributed service time situation.
Find the following information to help the manager decide if a second employee should be added:
The average number of customers waiting. Please keep 4 decimals.
The average time a customer waits (in minutes). Please keep 4 decimals.
The average time a customer is in the department (in minutes). Please keep 4 decimals.
In: Statistics and Probability