You wish to determine if there is a linear correlation between the two variables at a significance level of α=0.005α=0.005. You have the following bivariate data set.

What is the correlation coefficient for this data set?
r =

To find the p-value for a correlation coefficient, you need to convert to a t-score:

t=√r2(n−2)1−r2t=r2(n-2)1-r2

This t-score is from a t-distribution with n–2 degrees of freedom.

What is the p-value for this correlation coefficient?
p-value =

Your final conclusion is that...

• There is sufficient sample evidence to support the claim that there is a statistically significant correlation between the two variables.
• There is insufficient sample evidence to support the claim the there is a correlation between the two variables.

Note: In your calculations, round both r and t to 3 decimal places in ALL calculations.

One of the most remarkable associations in macroeconomics relates GDP growth to unemployment (or the so-called Okun’s Law, see p.293-294 in Burda&Wyplosz textbook). This empirical regularity describes inverse relationship between the change in unemployment and the change in GDP growth. Resulting negative coefficient has been repeatedly confirmed for different countries and different periods. Your task is to:

a) Propose a different version about how the GDP is related to the labour market. Specifically, make a statement akin to the textbook (so read the relevant section) on how the employment rate is related to the output growth and write a formal/theoretical equation describing the link.

b) Check the relationship with some macroeconomic data! Firstly, you need to find time-series (for the employment rate choose people aged 15-74, and for the real GDP annualized growth rates) for one country of your own choice. Find online data from your home/preferred country’s statistical office or Eurostat (Links to an external site.)Links to an external site.).

c) Retrieve a set of 40 most recent quarterly observations for both variables, arrange the data and plot the relationship on a graph.

d) Figure out the correlation coefficient between the variables, add the trend-line relationship between the variables.

e) How the proposed model (expected coefficient) fits your analysis.

The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts use the information given on the balance sheet and other financial statements to make several interpretations regarding the company’s financial condition and performance.

Cute Camel Woodcraft Company is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its first year of operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet.

Given the information in the preceding balance sheet—and assuming that Cute Camel Woodcraft Company has 50 million shares of common stock outstanding—read each of the following statements, then identify the selection that best interprets the information conveyed by the balance sheet.

Statement #1: Cute Camel’s net collection of inventory items increased by more than the firm's sales between Years 1 and 2.

This statement is     , because:

The accruals balance decreased by $176 million between Years 1 and 2

Total inventories of raw materials, work-in-process, and final goods decreased by $742 million between Year 1 and Year 2

Total inventories of raw materials, work-in-process, and final goods increased from $2,970 million to $3,712 million between Year 1 and Year 2

Statement #2: In Year 2, Cute Camel Woodcraft Company was profitable.

This statement is     , because:

Cute Camel’s retained earnings account increased between the end of Years 1 and 2

Cute Camel’s total assets increased between Years 1 and 2

The cash and equivalents account increased between Years 1 and 2

Statement #3: One way to interpret the change in Cute Camel’s accounts receivable balance from Year 1 to Year 2 is that more customers purchased new items on credit rather than paying off existing credit accounts.

This statement is     , because:

The change from $2,970 million to $3,712 million reflects a net accumulation of new credit sales

The decrease from $1,266 million to $1,013 million implies a net decrease in accounts receivable and that more customers are paying off their receivables balances than are buying on credit

The $253 increase in accounts receivable means either that Year 1’s existing credit customers are not paying off their owed balances and new or existing customers are making additional purchases on credit, or that Year 1’s credit customers have repaid their owed balances and Year 2 credit sales have exceeded Year 1’s credit sales

Based on your understanding of the different items reported on the balance sheet and the information they provide, which statement regarding Cute Camel Woodcraft Company’s balance sheet is consistent with U.S. Generally Accepted Accounting Principles (GAAP)?

The company’s debts should be listed from those carrying the largest balance to those with the smallest balance.

The company’s debts should be listed in order of their liquidity.

The company’s debts are listed in the order in which they are to be repaid.

Cherry Wood Corporation sells blenders under a three-year warranty contract that requires it to replace defective parts and provide necessary repair and labour. During 2019, the corporation sold 1,000 blenders for cash at a unit price of $800 each. Similar three-year warranty agreements are available separately and are estimated to have a stand-alone value of $120. On the basis of past experience, the per-unit, three-year warranty costs are estimated to be $20 for parts and $30 for labour. For simplicity, assume that all sales occurred on December 31, 2019 rather than evenly throughout the year and any warranty revenue (if applicable) is earned evenly over the three-year period. In 2020, the actual warranty costs to Cherry Wood are $5,000 for parts and $10,000 for labour.

Instructions:

1 Assurance Method:

1. a) Assume the company uses the assurance method and record any necessary journal

   entries in 2019 and 2020 applying the expense approach.

2. b) What liability relative to these transactions would appear on the December 31, 2019

   statement of financial position and how would it be classified.

2. Service Type Method:

1. a) Assume the company uses the service-type method and record any necessary

   journal entries in 2019 and 2020 applying the revenue approach.

2. b) What liability relative to these transactions would appear on the December 31, 2019

   statement of financial position and how would it be classified.

Zachary Company began operations on January 1, 2018, by issuing common stock for $37,000 cash. During 2018, Zachary received $56,200 cash from revenue and incurred costs that required $37,200 of cash payments.

Prepare a GAAP-based income statement and balance sheet for Zachary Company for 2018, under each of the following independent scenarios:

Zachary is a manufacturing company. The $37,200 was paid to purchase the following items:

(1) Paid $3,200 cash to purchase materials that were used to make products during the year.

(2) Paid $3,860 cash for wages of factory workers who made products during the year.

(3) Paid $8,940 cash for salaries of sales and administrative employees.

(4) Paid $21,200 cash to purchase manufacturing equipment. The equipment was used solely to make products. It had a four-year life and a $2,400 salvage value. The company uses straightline depreciation.

(5) During 2014, Lang started and completed 2,400 units of product. The revenue was earned when Lang sold 1,900 units of product to its customers.

SCM 366

Revenue Management Assignment II

II. San Francisco Express Airlines, SaFE for short, flies from PHL to SFO. On a Thursday evening flight, the number of last-minute no-shows and cancellations is Poisson distributed with mean 7.5. SaFE has an unlimited number of low fare travelers who pay $300. The cost of bumping such a passenger is estimated to be $350 (due lost goodwill as well as the cost of routing their itinerary through other airlines).   SaFE offers this low fare because it also comes with a cancellation/rebooking fee of $150 – if a customer doesn’t show up for the flight or cancels her reservation, she must pay $150 to use the ticket on another flight.

To maximize revenue from this flight, how many seats should the airline overbook?

Customers are more reliable on the Friday evening flight. On that flight, the average number of no-shows and cancellations is Poisson with mean 4.5. Suppose SaFE overbooks that flight by 6 seats. What is the probability that at least 1 passenger will be bumped from this flight?

PLEASE ANSWER IT IN EXCEL SHEET WITH EXPLANATION

You are an auditor at a public accounting firm. You are conducting an audit for the financial year ending December 31, 2019. Your client has go public. This client is a property development company. Your client builds property in the form of apartment units, housing / real estate and also property investment products in the form of lots ready to build. In addition, this client also has a project development cooperation with its customers. The client is bound by a contract signed by both parties before a notary for the construction of a project with this customer. The project has not been completed 100%, however, the client says that the project has been completed 60% and the client acknowledges 60% of the development as revenue in the 2019 financial year.

a. In your opinion, as an auditor, what account should the client classify the apartment and housing / real estate complex be? Explain your answer!

b.   What is the audit procedure that you will apply to ensure the recognition of revenue that is 60% of the project!

c. What audit evidence will you examine and what are the related assertions? Explain your answer!

The Wii was a huge success worldwide right from the get-go. In the U.S., demand for the Wii outpaced supply from November 2006 through June 2007. A similar story played out in many other countries and regions as well. The U.K. suffered

shortages until March of 2007 and in Australia the Wii became the fastest-selling game console in Australian history. In anticipation of the holiday season, Nintendo increased production between October and December 2008. Its worldwide production increased from 1.6 million per month in 2007 to 2.4 million per month. However, demand for the Wii continued to remain high and it was not until March of 2009 that the Wii was available for walk-in purchases at retail stores in the U.S. At this point, 48 million Wii consoles had been sold.

Profit

Even with at a lower price point, Nintendo directly profited from each sale of a Wii console. In 2006 and 2007, for each unit sold in the U.S. Nintendo made $49. They claimed to do this by optimizing production costs. In contrast, Microsoft (Xbox) and Sony (PlayStation 3) rely on software sales to produce a long-term profit and generally lose money on the sale of the consoles. Nintendo’s optimization strategy worked. Even after robust years in 2007 and 2008, both operating profits and sales increased in 2009, and 2009 earnings beat 2008 earnings.

Price Drop

In 2009, sales of the Wii console declined until September when Nintendo decided to drop the price for the Wii console to $199.99. This was the first price drop and proved to be effective at generating additional demand. In December of 2009, over three million Wii consoles were sold in the U.S., which set a record for monthly sales in the U.S. Further, the record setting sales in the month of December pushed the Wii to become Nintendo’s best-selling home video console, selling over 67 million units at that point. To date, the Wii remains Nintendo’s best-selling console, having sold over 100 million units worldwide.

1. Was the severe shortage for over two years an old marketing ploy called intentional scarcity, in which a company purposely keeps its hot product in short supply to build buzz? Or was it simply bad planning on Nintendo's part? Explain your answer and include some outside research to support your conclusion. (20 points)

2. Can you suggest a reason why Nintendo dropped the price of the Wii Console in late 2009? How would you expect this to affect demand and revenues? (15 points)

3. Elasticity of supply and demand can change over time. In 2009, would you describe demand for the Wii as elastic or inelastic? What about supply? Provide an explanation for your answers. (15 points)

4. Draw the demand and supply curves for the Nintendo Wii in 2009 as you have described in number 6. (10 points)

Need in JAVA.

You are to use Binary Trees to do this Program.

Write a complete program, which will process several sets of numbers:

For each set of numbers you should:

1. Create a binary tree.

2. Print the tree using “inorder”, “preorder”, and “postorder”.

3. Call a method Count which counts the number of nodes in the tree.

4. Call a method Children which prints the number of children each node has.

5. Inset and delete several nodes according to the instructions given.

6. Print the tree again using “inorder”, “preorder”, and “postorder”.

7. Call a method Count again which counts the number of nodes in the tree.

8. Call a method again Children which prints the number of children each node has.

Data to be used Use value to determine the end of data (example -999)

1. Set #1: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 -999

Insert 21, Delete 16, Insert 30, Delete 10, Delete 12, Delete 2

2. Set #2: 3 1 5 -999

Insert 3, Insert 14, Insert 33, Insert 2, Insert 6

3. Set #3: 11 25 75 12 37 60 90 8 15 32 45 50 67 97 95 -999

Insert 21, Delete 60, Insert 30, Delete 45, Delete 97, Delete 25

4. Set #4: 150 40 60 39 34 27 10 82 15 -999

Insert 21, Delete 139, Insert 34, Delete 27, Insert 12, Delete 82

5. Set #5: 2 -999

Delete 2

6. Set #6: 34 65 3 7 48 15 16 92 56 43 74 -999

Insert 21, Delete 34, Insert 30, Insert 10, Insert12, Insert 2

[The following information applies to the questions displayed below.]

Cane Company manufactures two products called Alpha and Beta that sell for $205 and $164, respectively. Each product uses only one type of raw material that costs $8 per pound. The company has the capacity to annually produce 127,000 units of each product. Its average cost per unit for each product at this level of activity are given below:

The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars.

13. Assume that Cane’s customers would buy a maximum of 97,000 units of Alpha and 77,000 units of Beta. Also assume that the raw material available for production is limited to 247,000 pounds. How many units of each product should Cane produce to maximize its profits?

14. Assume that Cane’s customers would buy a maximum of 97,000 units of Alpha and 77,000 units of Beta. Also assume that the raw material available for production is limited to 247,000 pounds. What total contribution margin will it earn?

15. Assume that Cane’s customers would buy a maximum of 97,000 units of Alpha and 77,000 units of Beta. Also assume that the raw material available for production is limited to 247,000 pounds. If Cane uses its 247,000 pounds of raw materials, up to how much should it be willing to pay per pound for additional raw materials? (Round your answer to 2 decimal places.)