In a comparison of the effectiveness of distance learning
with traditional classroom instruction, 12 students
took a business administration course online, while
14 students took it in a classroom. The final
scores were as follows.
Online 64 66 74 69 75 72 77 83 77
91 85 88
Classroom 80 77 74 64 71 80 68 85 83
59 55 75 81 81
Can you conclude that the mean score differs between
the two types of course
In: Statistics and Probability
9.9. Is gender independent of education level? A random sample of people was surveyed and
each person was asked to report the highest education level they obtained. Perform a hypothesis
test. Include all 5 steps.
| High School | Bachelors | Masters | |
| Female | 30 | 60 | 54 |
| Male | 25 | 40 | 44 |
10.9. Compute and interpret the correlation coefficient for the following grades of 6 students
selected at random.
| Mathematical Grade | 70 | 92 | 80 | 74 | 65 | 83 |
| English Grade | 74 | 84 | 63 | 87 | 78 | 90 |
In: Math
You have been asked to assess the expected financial impact of each of the following proposals to improve the profitability of credit sales made by your company. Each proposal is independent of the other.
Proposal #2 would extend trade credit to some customers that previously have been denied credit because they were considered poor risks. Sales are projected to increase by $150,000 per year if credit is extended to these new customers. Of the new accounts receivable generated, 10% are projected to be uncollectible. Additional collection costs are projected to be 2% of incremental sales (whether they actually end up collected or not), and production and selling costs are projected to be 78% of sales. Your firm expects to pay a total of 30% of its income after expenses in taxes.
Compute the incremental income after taxes that would result from these projections:
Compute the incremental Return on Sales if these new credit customers are accepted:
If the receivable turnover ratio is expected to be 4 to 1 and no other asset buildup is needed to serve the new customers…
Compute the additional investment in Accounts Receivable
Compute the incremental Return on New Investment
If your company requires a 20% Rate of Return on Investment for all proposals, do the numbers suggest that trade credit should be extended to these new customers? Explain.
In: Finance
The WRL Company operates a snack-food center at the Grantley Adams Airport. On January 2, 2003, WRL purchased a special cookie cutting machine, which has been used for 3 years. WRL is considering purchasing a newer, more efficient machine. If purchased, the new machine would be acquired today on January 2, 2006. WRL expects to sell 300,000 cookies in each of the next 4 years. The selling price of each cookie is expected to average $0.50.
WRL has two options: (1) continue to operate the old machine, or (2) sell the old machine and purchase the new machine. The seller of the new machine offered no trade in. The following information has been assembled to help management decide which option is more desirable.
|
Old Machine |
New Machine |
|
|
Initial machine investment |
$80,000 |
$120,000 |
|
Terminal disposal price at end of useful life assumed for depreciation purposes |
$10,000 |
$20,000 |
|
Useful life at date of acquisition |
7 years |
4 years |
|
Expected annual cash operating costs |
||
|
Variable cost per cookie |
$0.20 |
$0.14 |
|
Total fixed costs |
$15,000 |
$14,000 |
|
Depreciation method used for tax purposes |
Straight-line |
Straight-line |
|
Estimated disposal prices of machines |
||
|
January 2, 2006 |
$40,000 |
$120,000 |
|
December 31, 2009 |
$7,000 |
$20,000 |
WRL has a 40% income tax rate. Assume that any gain or loss on the sale of machinery is treated as an ordinary tax item and will affect the taxes paid by WRL in the year in which it occurs. WRL has an after tax required rate of return of 16%.
Required:
Use the present value method to determine whether WRL should retain the old machine or acquire the new machine. [17 marks]
Assume that the financial differences between the net present value of the two options are so slight that WRL is indifferent between the two proposals. Identify and discuss the non-financial and qualitative factors that WRL should consider. [5 marks]
“Discounted cash-flow techniques are relevant only to profit seeking organizations.” Do you agree? Explain. [ 3 marks]
I NEED HELP WITH THIS QUESTION!
THANKS IN ADVANCE!
In: Accounting
(Marketing in Healthcare)
You have just been hired as the Executive Vice President of Sales and Marketing for a national HMO company that until recently was very successful (both revenue and profit growth) selling traditional HMO plans as its only product. During the last two years, revenue and profits declined, and new sales have slowed dramatically. The Board and CEO of the company recruited you to help the company achieve a strategic goal of 15% growth in revenue and profits each year for the next five years.
a.What stage of the product life cycle are HMO products experiencing in
b. Given the answer to (1) above, name three strategies, with specific examples, that you could suggest modifying the HMO’s life cycle for your new company.
c. Given your answer to (1) above, what is the appropriate marketing mix strategy, by each component, for the company to follow with its HMO product?
d. One of the first things the Board and CEO want you to do is to revise the company’s strategic plan. The Board’s directive is to develop strategies to meet the revenue and profit goals. In order to do this you must develop a SWOT analysis. Outline all the factors you will assess in order to develop the proper SWOT.
In: Operations Management
ABC Electronics wants to hire the optimal number of security guards to prevent thefts from its large superstore. The following table shows how the number of guards will affect the volume of thefts per week.
# guards Total Revenue Product MRP MC
0 $0 -- --
1 $1600 $1600
2 $2400
3 $3050
4 $3560
5 $3900
# guards Total Revenue Product MRP MC
0 $0 -- --
1 $2400
2 $3600
3 $3975
QUESTION 1
1. If you hire guards from the first company, shown in part a, how many should you hire to maximize profits?
ENTER ONLY THE NUMBER ANSWER AND NOTHING ELSE
2.5 points
QUESTION 2
2. If you use the second firm, the premium firm shown in part b, how many guards should you hire to maximize profits?
2.5 points
QUESTION 3
3. Which is the better option:
A hiring the guards from the first firm as you calculated for question 1
B hiring the guards from the premier firm as you calculated for question 2
ENTER ONLY A or B. NOTHING ELSE.
2.5 points
QUESTION 4
Select the answer that best explains the reason you chose the firm you did. ENTER THE LETTER OF YOUR CHOICE, A B C or D
A I picked the one with the greatest Total Revenue Product, because either option will have the same total cost.
B I picked the option with the greatest Marginal Revenue Product
C I picked the option with the lowest total cost
D I picked the option that will allow me to hire the most guards
In: Economics
In: Operations Management
The First National
Bank of Wilson has 660 checking account customers. A recent sample
of 50 of these customers showed 19 have a Visa card with the
bank.
Construct the 99% confidence interval for the proportion of
checking account customers who have a Visa card with the bank. (Use
z Distribution Table.) (Round your answers to 3
decimal places.)
Confidence interval _______________ and ________________
In: Statistics and Probability
The following table shows data on the average number of
customers processed by several bank service units each day. The
hourly wage rate is $15, the overhead rate is 1.2 times labor cost,
and material cost is $4 per customer.
| Unit | Employees | Customers Processed / Day |
| A | 5 | 38 |
| B | 6 | 46 |
| C | 7 | 61 |
| D | 3 | 33 |
a. Compute the labor productivity and the multifactor productivity
for each unit. Use an eight-hour day for multifactor
productivity.(Round your "Labor Productivity" answers to 1 decimal
place and "Multifactor Productivity" answers to 3 decimal
places.)
| Unit | Labor Productivity (customers per day per worker) |
Multifactor Productivity (customers per dollar input) |
| A | ||
| B | ||
| C | ||
| D | ||
b. Suppose a new, more standardized procedure is to be introduced
that will enable each employee to process one additional customer
per day. Compute the expected labor and multifactor productivity
rates for each unit. (Round your "Labor Productivity" answers to 1
decimal place and "Multifactor Productivity" answers to 3 decimal
places.)
| Unit | Labor Productivity (customers per day per worker) |
Multifactor Productivity (customers per dollar input) |
||
| A | ||||
| B | ||||
| C | ||||
| D | ||||
In: Computer Science
Case Study Eagersaver.com Eagersaver.com was established in 2005 by the CEO Colette Bevan as an online comparison site primarily focused on car insurance and related products. Since then it has grown, both organically and by acquisition of other companies into an organisation that now compares home insurance, legal insurance, pet insurance, travel insurance, life insurance and accident insurance. It has diversified into other comparison services in financial products, travel services and utilities. It has moved offline with the opening of call centre activities and a TV shopping channel. The company’s turnover is £100m. The Managing Director Dirk Bradfield now wishes to float the company on the stock exchange and following a due diligence exercise by Colette’s corporate advisors she has been advised to ‘professionalise the procurement activities throughout the group.’ The due diligence uncovered the following facts: • There are five locations within the UK, situated at Chester, Edinburgh, Sheffield, Bristol and Cardiff. They work independently and only one location has a Purchasing Manager (TV shopping channel). • The largest spend across the group is on marketing (£12m online and £8m TV). • Marketing is centrally managed by the Marketing Director. • Most other procurement is undertaken by service heads including IT and agency staff. • Numerous media companies are engaged often without competition. • The same or similar products and services are procured from different suppliers. • There is a range of prices paid for the same product or service, some ranging by ±30%. • Most contracts are under the vendor’s terms and conditions and in some cases there are verbal arrangements. • The company has outgrown many of its original supplier’s who are finding it difficult to cope with demand and there are instances where contract performance has slipped. • The Chief Executive is responsible for many of these problematic relationships based upon personal friendship at the inception of the company. Tasks You have been appointed into the new position of Group Procurement Director and have a meeting arranged with Colette to discuss the way forward. In considering your plan, how specifically would you deal with?
1. Structuring the procurement activities
2. Rationalising the product and supply chain
3. Managing the Marketing Director who states corporate expenditure is his budget and he will decide who has the last say on contract awards
4. Managing the expenditure attributed to other Service Heads.
In: Operations Management