Shanghai Enterprises has asked for your assistance in preparing a cash budget for the month of December 2020 and has provided projected sales revenue data below:
Projected sales: October 2020 $144,000
November 2020 $205,000
December 2020 $220,000
All sales are on credit with 65% collected during the month of sale, 18% collected during the month following the sale, 15% during the second month after the sale and 2% uncollectable.
Required:
a) Prepare the cash receipts section of a cash budget for Shanghai Enterprises for the month of December 2020.
b) Explain how Shanghai Enterprises would go about constructing a cash budget for the first three months of 2021. Note that Shanghai plans to purchase a major piece of equipment costing $500,000 in February 2021.
Please solve a and b both as I need help in both the sections. Thanks for the help:)
In: Accounting
A 1980 study was conducted whose purpose was to compare the
indoor air quality in offices
where smoking was permitted with that in offices where smoking was
not permitted. Measurements were made
of carbon monoxide (CO) at 1:20 p.m. in 36 work areas where smoking
was permitted and 36 work areas where
smoking was not permitted. In the sample where smoking was
permitted, the mean CO = 11.6 parts per million
(ppm) and the standard deviation CO = 7.3 ppm. In the sample where
smoking was not permitted, the mean CO
= 6.9 ppm and the standard deviation CO = 2.7 ppm. Test for whether
or not the mean CO is significantly (α =
0.05) different in the two types of working environments.
(a) What is the null hypothesis for this problem? What is the
alternative hypothesis?
(b) For this problem, would you perform a one- or two-tailed test?
Explain how you reached that decision.
(c) Determine which procedure (you have learned five situations) is
the appropriate statistical test to use, with
a clear explanation for your choice.
(d) Using your calculator, test the null hypothesis and present
your results. Show all your work.
(e) Using statistical language (“statistic-ese”), state your
conclusion and your reasoning for reaching this
conclusion. Then restate your conclusion, this time in English
instead of “statistic-ese,” without including
statistical symbols or the term hypothesis. (What is the answer to
the researcher’s question?)
(f) State, based on your conclusion, whether you may have committed
a Type I error or a Type II error, and
what that means.
In: Statistics and Probability
Gallup recently conducted a survey about the proportion of Americans who use e-cigarettes (vape). The following example is based on hypothetical data that is meant to be similar to the data collected by Gallup.
The following table considers survey data about annual household income and whether or not a person vapes.
|
<$35,000 |
$35,000-$99,999 |
$100,000+ |
Total |
|
|
Vape |
47 |
57 |
19 |
123 |
|
Do Not Vape |
381 |
659 |
362 |
1402 |
|
Total |
428 |
716 |
381 |
1525 |
Problem 1. Based on recent data, about 28% of Americans earn less than $35,000 annually, about 42% of Americans earn between $35,000 and $99,999 annually, and about 30% of Americans earn more than $100,000. Does it appear that the sample is representative of the population? In other words, does it appear that the total people in each income category matches the appropriate proportion? Conduct a chi-square goodness of fit test at the 5% significance level by completing the following steps:
In: Statistics and Probability
In: Economics
Upon successful completion of the MBA program, imagine you work in the analytics department for a consulting company. Your assignment is to analyze the following databases: Hospital
Provide a detailed, four part, statistical report with the following sections:
Part 1 - Preliminary Analysis
Part 2 - Examination of Descriptive Statistics
Part 3 - Examination of Inferential Statistics
Part 4 - Conclusion/Recommendations
Part 1 - Preliminary Analysis Generally, as a statistics consultant, you will be given a problem and data. At times, you may have to gather additional data. For this assignment, assume all the data is already gathered for you.
State the objective: What are the questions you are trying to address? Describe the population in the study clearly and in sufficient detail: What is the sample? Discuss the types of data and variables: Are the data quantitative or qualitative? What are levels of measurement for the data?
Part 2 - Descriptive Statistics Examine the given data. Present the descriptive statistics (mean, median, mode, range, standard deviation, variance, CV, and five-number summary). Identify any outliers in the data. Present any graphs or charts you think are appropriate for the data. Note: Ideally, we want to assess the conditions of normality too. However, for the purpose of this exercise, assume data is drawn from normal populations.
Part 3 - Inferential Statistics Use the Part 3: Inferential Statistics document. Create (formulate) hypotheses Run formal hypothesis tests Make decisions. Your decisions should be stated in non-technical terms. Hint: A final conclusion saying "reject the null hypothesis" by itself without explanation is basically worthless to those who hired you. Similarly, stating the conclusion is false or rejected is not sufficient.
Part 4 - Conclusion and Recommendations Include the following: What are your conclusions? What do you infer from the statistical analysis? State the interpretations in non-technical terms. What information might lead to a different conclusion? Are there any variables missing? What additional information would be valuable to help draw a more certain conclusion?
In: Statistics and Probability
The Seller in State A contracted to deliver 2,000 barrels of oil to the Buyer in State B for $120,000, with the price payable upon delivery. When the oil arrived, 1,970 barrels complied fully with the contract description, however, 30 barrels were contaminated and unacceptable. The Seller admits that he is responsible for this breach. At the time of delivery,oil was available in the local market for a price of $75 a barrel.
Assuming both States A and B are signatories to the Convention for the International Sale of Goods (CISG), what net payment is due to the Seller? What if this was a case of force majeure that caused the contamination? Would your answer change?
Briefly explain your answer
.
In: Operations Management
In: Biology
Antigen presentation is an important link between innate and acquired (adaptive) immunity. Explain in detail how the process occurs. Please include: what cells might be involved, the differences between MHC 1 and MHC 2 and how antigen presentation leads to differential activation of acquired immunity.
In: Biology
The most important processing step is to remove the dependence of magnetic data on the magnetic inclination and convert the data which were recorded in the inclined Earth’s magnetic field to what they would have been if the magnetic field had been vertical. Explain this process in detail with sketch drawings for illustration
In: Physics
If a firm starts losing money due to increase in competitive market pressure and the business outlook remains grim, then should it always shut down to stop further losses? Explain the answer in detail. What condition must be true for the firm to be always forced to shut down in the short run?
In: Economics