To study the effect of curing temperature on shear strength of a certain rubber compound, 80 specimens were cured at 150°C and 105 were cured at 130°C. The specimens cured at 150°C had an average shear strength of 620 psi, with a standard deviation of 20 psi. Those cured at 130°C had an average shear strength of 750 psi, with a standard deviation of 30 psi. Let μXμX represent the population mean strength for the specimens cured at 130°C and let μYμY represent the population mean strength for the specimens cured at 150°C. Find a 95% confidence interval for the difference μX−μYμX−μY . Round the answers to two decimal places.
In: Statistics and Probability
Limpah Kurnia Sdn Bhd (LKSB) is an engineering company that started a new business with an opening cash balance of RM85,000. This new business will focus on sales component parts to all potential customers located in Sungkai, Perak. The following are the budgeted data of LKSB for the year 2020.
1. In January 2020, to start a business the company has rented a double storey building for its operation at RM5,000 per month with RM20,000 rental deposit. Rental deposit is paid in January and monthly rental will be paid in the month it is incurred.
2. In February, the company is planning to purchase a machine at a cost of RM55,000 which has an estimated useful life of 10 years. Depreciation charge per annum will be RM5,500. Only half of the machine cost will be paid in the month of purchase, while the balance will be paid equally over the next two months.
3. Four (4) administration staff will be employed and each staff will be paid RM1,200 per month. Payment will be in the month in which they are incurred.
4. Purchases of materials will be made on credit.
50% of the credit purchases will be paid in the month of purchase
and another 50% one month after the purchases. Estimated purchases
are as follows.
January RM23,000
February RM28,000
March RM25,000
April RM22,000
5. A motor van costing RM49,800 will be purchased in January. Payment of the motor van will be in six equal payments starting February 2020.
6. Estimated sales for component parts in units
are:
January
5,000
February 4,500
March 5,300
April 4,800
7. The selling price for the component parts is RM20.
60% of the sales are expected to be in cash whilst the other 40% is
on credit. The credit sales will be collected one (1) month after
sales.
8. Allowance for manager is RM1,000 per month and paid
in the month incurred.
9. Monthly utilities RM850 is to be paid one month in
arrears.
10. The company received 5% dividend from unit trust
investment of RM500,000 in February.
Required:
a) Prepare schedule of collection and payments for the
month of January, February and March 2020.
b) Prepare a cash budget for the month of January,
February and March 2020.
(Total: 25 Marks)
In: Accounting
8. Explain how a mutually beneficial trade is possible in a two-country two-good model even when one of the countries has absolute advantage in the production of both the commodities.
In: Economics
5) Based on quarterly data collected over the last four years, the following regression equation was found to forecast the quarterly demand for the number of new copies of an economics textbook: t= 3,305 – 665 Qtr1 – 1,335 Qtr 2 + 305 Qtr3, where Qtr1,Qtr2, and Qtr3 are dummy variables corresponding to Quarters 1, 2, and 3. The demand forecast for Quarter 2 of the next year is ________.
A) 2,640
B) 1,970
C) 3,610
D) 3,305
2) In a two-way ANOVA test, how many null hypotheses are tested?
A) 1
B) 1 or 2
C) 2 or 3
D) More than 3
3) The following is an incomplete ANOVA table.
| source of variation | ss | df | ms | f |
| between groups | 2 | 12.5 | ||
| within groups | ||||
| total | 100 | 10 |
For the within groups category, the degrees of freedom are ________.
A) 6
B) 7
C) 8
D) 9
6) Costco sells paperback books in their retail stores and wants to examine the relationship between the prices and sales. The price of a particular novel was adjusted each week and the weekly sales are in the following table. Management would like to use a simple linear regression model that uses prices to predict sales.
| sales | prices |
| 7 | 12 |
| 4 | 11 |
| 5 | 10 |
| 9 | 9 |
| 8 | 8 |
| 8 | 7 |
| 7 | 7 |
The predicted weekly sales for the novel when priced at $10 is equal to ________.
A) 4.60
B) 5.07
C) 6.45
D) 7.33
2) Which of the following is the 95% confidence interval for the regression coefficient β1 if df=30, b1= −2 and s= 3?
A) [−5.00, −1.00]
B) [−7.88, 3.88]
C) [−7.09, 3.09]
D) [−8.13, 4.13]
In: Statistics and Probability
?(Related to Checkpoint? 9.1) ?(Floating-rate loans) The Bensington Glass Company entered into a loan agreement with the? firm's bank to finance the? firm's working capital. The loan called for a floating rate that was 29 basis points ?(0.29 ?percent) over an index based on LIBOR. In? addition, the loan adjusted weekly based on the closing value of the index for the previous week and had a maximum annual rate of 2.23 percent and a minimum of 1.79 percent. Calculate the rate of interest for weeks 2 through 10.
|
Date |
LIBOR |
|
|
Week 1 |
1.94?% |
|
|
Week 2 |
1.64?% |
|
|
Week 3 |
1.47?% |
|
|
Week 4 |
1.39?% |
|
|
Week 5 |
1.57?% |
|
|
Week 6 |
1.68?% |
|
|
Week 7 |
1.68?% |
|
|
Week 8 |
1.87?% |
|
|
Week 9 |
1.91?% |
The rate of interest for week 2 is _____%. ?(Round to two decimal?
places.)
The rate of interest for week 3 is _____%. ?(Round to two decimal? places.)
The rate of interest for week 4 is _____%. ?(Round to two decimal? places.)
The rate of interest for week 5 is _____%. ?(Round to two decimal? places.)
The rate of interest for week 6 is _____%. ?(Round to two decimal? places.)
The rate of interest for week 7 is _____%. ?(Round to two decimal? places.)
The rate of interest for week 8 is _____%. ?(Round to two decimal? places.)
The rate of interest for week 9 is _____%. ?(Round to two decimal? places.)
The rate of interest for week 10 is _____%. ?(Round to two decimal? places.)
In: Finance
(MUST BE DONE IN C (NOT C++))
For this program, remember to use feet and inches. First, ask the user for the name of students they have in their class. Then, using a loop, you will ask for each student’s height. However, you will have to use two separate variables, one for feet and one for inches. Then, you will have to call two functions. The first function will check if the values entered are valid (check if number of feet is positive, check if number of inches is positive and check if number of inches is not higher than 12). If one of these conditions is not met, print an informative message and run this command right after exit(0); (you will have to include at the top of your program). This command will terminate your program. The second function will check if the user is in the “height range”; if the user is between 5’ 8” and 7’ 7”, the student has higher chances of being recruited by a basketball team; otherwise, not so much. Whichever the case is, print an informative message. You can make your functions work whichever way you prefer, but the “checking” must be done inside them. Also, you must use function prototyping.
In: Computer Science
I'm trying to do some pratice problems in the book and here is one of them.
THIS IS FOR JAVA.
Write a method cleanCorruptData that accepts an ArrayList of integers and removes any adjacent pair of integers in the list if the left element of the pair is smaller than the right element of the pair. Every pair's left element is an even-numbered index in the list, and every pair's right element is an odd index in the list. For example, suppose a variable called list stores the following element values: [3, 7, 5, 5, 8, 5, 6, 3, 4, 7]
We can think of this list as a sequence of pairs: (3, 7), (5, 5), (8, 5), (6, 3), (4, 7). The pairs (3, 7) and (4, 7) are "bad" because the left element is smaller than the right one, so these pairs should be cleaned (or removed). So the call of cleanCorruptData(list); would change the list to store the following element values: [5, 5, 8, 5, 6, 3]
If the list has an odd length, the last element is not part of a pair and is also considered "corrupt;" it should therefore be cleaned by your method. If an empty list is passed in, the list should still be empty at the end of the call. You may assume that the list passed is not null. You may not use any other arrays, lists, or other data structures to help you solve this problem.
THIS IS FOR JAVA.
In: Computer Science
Pepper’s Products manufactures and sells two types of chew toys for pets—Squeaky and Silent. In May, Pepper’s Products had the following costs and revenues.
|
Pepper's Products Income Statement |
|||||||||
| For the Month of May | |||||||||
| Squeaky | Silent | Total | |||||||
| Sales revenue | $ | 145,000 | $ | 155,000 | $ | 300,000 | |||
| Direct materials | 19,000 | 18,000 | 37,000 | ||||||
| Direct labor | 70,000 | 30,000 | 100,000 | ||||||
| Overhead costs | |||||||||
| Administration | 20,000 | ||||||||
| Production setup | 64,000 | ||||||||
| Quality control | 15,000 | ||||||||
| Distribution | 20,000 | ||||||||
| Operating profit | $ | 44,000 | |||||||
Pepper’s Products currently uses labor costs to allocate all overhead but is considering implementing an activity-based costing system. After interviewing the sales and production staff, management decides to allocate administrative costs on the basis of direct labor costs but to use the following bases to allocate the remaining overhead.
| Activity Level | |||
| Activity | Cost Driver | Squeaky | Silent |
| Setting up | Number of production runs | 10 | 22 |
| Performing quality control | Number of inspections | 30 | 30 |
| Distribution | Number of units shipped | 80,000 | 120,000 |
Required:
a. Complete the income statement using the preceding activity bases.
c. Restate the income statement for Pepper's Products using direct labor costs as the only overhead allocation base.
In: Accounting
Deutsche Schnitzel, a producer of high quality German baked goods, adopted IFRS in 2005 with the rest of the European Union. Two years ago, DS replaced all of its machinery and decided to record it at fair value rather than historical cost. The purchase price of the machinery (in U.S. dollars) was $1,100,000. In addition, DS spent $75,000 in shipping and installation. Trial runs, including labor, materials, and applicable overhead, came to $50,000. DS assumes that the interest expense from their current loans for the new machinery was $25,000. Assume that DS uses straight line depreciation. The machinery has a 6 year useful life and a salvage value of $225,000. DS records a full year of depreciation in the year of purchase, regardless of when the purchased the asset.
a. Assuming that DS paid cash for the all costs associated with the purchase of the equipment, make the journal entry to record the historical cost of the new machinery.
b. At the end of that first year, the fair value of the machinery was $975,000. Ignoring taxes, make any necessary journal entries for the first year.
c. At the end of the next year, the fair value of the machinery was $900,000. Ignoring taxes, make any necessary journal entries for the second year.
In: Accounting
Silvah Leasing Ltd. (SLL) is a private company founded over 20 years ago. Its main business is providing lease financing to small to medium-size local businesses for financing their operating equipment, store fixtures, and so on.
SLL’s business is direct lease financing, and the company never takes ownership of any of the leased assets. Leasing is popular with smaller businesses since the economy has been in a recession, and leasing assets rather than buying conserves cash. Many larger financial institutions have become more active in selling leases to the smaller customers that have been
SSL’s main source of business, to increase their own revenues during the recessionary times. Equipment vendors are also increasingly providing financing with equipment sales to increase their own business.
D. Silvah owns the majority of the common shares and runs the business with three employees. There are two minority shareholders who are family members, M. Silvah and J. Silvah. Your firm has audited SLL for several years. The company’s bank demands annual audited financial statements because of SLL’s large outstanding bank loan.
How does management’s integrity impact the auditor’s risk
assessment process?
In: Accounting