During lunchtime, customers arrive at Bob's Drugs according to a Poisson distribution with λ = 5 per minute. Show your answers to 3 decimal places.

What is the probability of one customer arriving?

What is the probability of more than two customers arriving?

What is the probability of at most three customers arriving?

What is the probability of at least four customers arriving?

What is the probability of fewer than two customers arriving?

A company manufactures and sells x cellphones per week. The weekly​ price-demand and cost equations are given below.

p=400-.05x and C(x)=20,000 + 135x

A) What price should the company charge for the​ phones, and how many phones should be produced to maximize the weekly​ revenue? What is the maximum weekly​ revenue? The company should produce ? phones each week at a price of ​$ ?. ​(Round to the nearest cent as​ needed.) The maximum weekly revenue is ​$ ? ​(Round to the nearest cent as​ needed.) ​

(B) What price should the company charge for the​ phones, and how many phones should be produced to maximize the weekly​ profit? What is the maximum weekly​ profit? The company should produce ? phones each week at a price of ​$ ?. ​(Round to the nearest cent as​ needed.) The maximum weekly profit is ​$ ?. ​(Round to the nearest cent as​ needed.)

Managing Ashland MultiComm ServicesThe Ashland MultiComm Services (AMS) marketing department wants to increase subscriptions for its 3-For-All telephone, cable, and Internet combined service. AMS marketing has been conducting an aggressive direct-marketing campaign that includes postal and electronic mailings and telephone solicitations. Feedback from these efforts indicates that including premium channels in this combined service is a very important factor for both current and prospective subscribers. After several brainstorming sessions, the marketing department has decided to add premium cable channels as a no-cost benefit of subscribing to the 3-For-All service.The research director, Mona Fields, is planning to conduct a survey among prospective customers to determine how many premium channels need to be added to the 3-For-All service in order to generate a subscription to the service. Based on past campaigns and on industry-wide data, she estimates the following:

Number of Free Premium Channels Probability of Subscriptions 00.021

0.042

0.063

0.074

0.085

0.085

2. Instead of offering no premium free channels as in Problem 1, suppose that two free premium channels are included in the 3-For-All service offer. Given past results, what is the probability that

a. fewer than 3 customers will subscribe to the 3-For-All service offer?

b. 0 customers or 1 customer will subscribe to the 3-For-All service offer?

c. more than 4 customers will subscribe to the 3-For-All service offer?

d. Compare the results of (a) through (c) to those of 1.

e. Suppose that in the actual survey of 50 prospective customers, 6 customers subscribe to the 3-For-All service offer. What does this tell you about the previous estimate of the proportion of customers who would subscribe to the 3-For-All service offer?

f. What do the results in (e) tell you about the effect of offering free premium channels on the likelihood of obtaining subscriptions to the 3-For-All service?

3. Suppose that additional surveys of 50 prospective customers were conducted in which the number of free premium channels was varied. The results were as follows:

ind the intervals of increase or decrease, the local maximum and minimum values, the intervals of concavity, and the inflection points for each of the following:

?(?)=2?^3―3?^2―12?

?(?)= ? (Square root) ?+3

?(?)=ln(?^4+27)

DIRECTIONS:

A)        Prepare journal entries for the below items

B)        Post the journal entries into t-accounts or three-column form of account (starting balances would be those amounts per the post-closing trial balance)

C)        Prepare an Income Statement for the month ended January 31,       2018

D)        Prepare a Statement of Retained Earnings for the month ended       January 31, 2018

E)        Prepare a Balance Sheet for January 31, 2018

The following transactions occurred during 2018 (the company uses a perpetual inventory system with FIFO):

1)         Jan 4 Stockholders invested an additional $10,000 cash in the business in exchange for common stock

2)         Jan 4 Purchased 20 rabbits at $50 each on account from Jelly Bean Farms.

3)         Jan 4 Established a $200 petty change fund

4)         Jan 5 Sold 6 rabbits for $200 each to Mr. Karrot, terms 2/10, n/30.

5)        Jan 6 Sold 12 rabbits at $200 each for cash

6)         Jan 8 Paid wages of $240

7)         Jan 9 Mr. Karrot returned one rabbit because they originally ordered only 5.

8)         Jan 12 Purchased equipment on account for $2,000

9)         Jan 14 Received payment in full from Mr. Karrot

10)       Jan 15 Purchased 10 rabbits at $52 each on account from Easter Industries, terms 1/10, n/30.

11)       Jan 15 Paid utility bill of $120

12)       Jan 16 Returned 2 rabbits to Easter Industries because they were defective.

13)       Jan 17 Sold 8 rabbits for $245 each for cash

14)       Jan 18 Paid tax bill from 2017.

15)       Jan 18 Performed the service of rabbit grooming ($800 worth); we received the cash in 2017

16)       Jan 19 Paid Accounts Payable in full from 2017

17)       Jan 20 Received $2,200 cash from customers paying on their accounts

18)       Jan 21 Received a bill from the local radio station for advertising in the amount of $400

19)       Jan 22 Purchased 20 rabbits for $55 each on account from Eggs & Chicks Company; terms 2/5, n/30

20)       Jan 23 Paid freight costs from Eggs & Chicks Company of $10.

21)       Jan 25 Sold 10 rabbits to Bunny Tail Corporation for $260 each    on account; terms 3/10, n/30

22)       Jan 26 Received payment in full from Bunny Tail Corporation

23)       Jan 27 Sold 10 rabbits to customers on credit for $260 each.

24)       Jan 28 Paid Eggs & Chicks Company for the purchase on Jan 22

25)       Jan 29 Petty cash was replenished and had the following receipts: gas receipt for $20, postage stamps for $39, Office Depot receipt for $16, miscellaneous receipt for $30, travel receipts for $40

26)       Jan 30 Performed a physical inventory count and counted only 1 rabbit on hand.

27)       Jan 30 Bank statement arrives today and there is a $20 bank service charge as well as a $120 NSF check.

28)       Jan 31 One month’s prepaid insurance needs to be expensed for January ($1,200 is for the whole year)

29)       Jan 31 Depreciate one month’s worth of the building and equipment (Using straight line method; building has a useful life of 20 years, equipment has a useful life of 5 years and no salvage value)

30)       Jan 31 The estimated bad debt expense under the percentage of sales basis is $120.

31)       Jan 31 Paid dividends of $500

1. Keep-or-Drop Decision

   Petoskey Company produces three products: Alanson, Boyne, and Conway. A segmented income statement, with amounts given in thousands, follows:

   		Alanson		Boyne		Conway		Total
   Sales revenue		$1,280		$185		$360		$1,825
   Less: Variable expenses		1,115		45		288		1,448
   Contribution margin		$165		$140		$72		$377
   Less direct fixed expenses:
   	Depreciation	50		15		10		75
   	Salaries	95		85		84		264
   Segment margin		$20		$40		$(22)		$38

   Direct fixed expenses consist of depreciation and plant supervisory salaries. All depreciation on the equipment is dedicated to the product lines. None of the equipment can be sold.

   Assume that, each of the three products has a different supervisor whose position would be eliminated if the associated product were dropped.

   Assume that 20% of the Alanson customers choose to buy from Petoskey because it offers a full range of products, including Conway. If Conway were no longer available from Petoskey, these customers would go elsewhere to purchase Alanson.

   Required:

   Conceptual Connection: Estimate the impact on profit that would result from dropping Conway. Enter amount in full, rather than in thousands. For example, "15000" rather than "15".
   $

   Should Petoskey keep or drop Conway?
   

The human resources manager of DataCom, Inc., wants to examine the relationship between annual salaries (Y) and the number of years employees have worked at DataCom (X). These data have been collected for a sample of employees and are given above.

1. Draw a normal probability plot of residuals by finding out the Z-score of the residuals. Use Excel. Plot Z-score at Y – axis and residuals at X – axis. Do the residuals seem normally distributed? Explain.

Question 5.

Provide a reason why a privately-held firm is valued higher/lower than comparable publicly-held firms. To get the full mark, you must discuss both cases.

what are the two common sources for long term financing of an existing publicly held corporation. Please describe fully and in detail the process used by investment bankers to assist companies with the sales of their financial securities.

The Sarbanes-Oxley Act (short name “SOX”) was an important piece of legislation passed in 2002 that has forever changed the face of corporate accountability. discuss the significance and implications of SOXact for the publicly listed corporations?