Questions
On November 14, 2019, Washington University and University of Texas A&M publicly launched their research efforts...

On November 14, 2019, Washington University and University of Texas A&M publicly launched their research efforts to collect information on over 10,000 dogs, (see https://dogagingproject.org/ (Links to an external site.)). The objective of this research effort is to collect data from dog owners across the USA to identify factors that may affect the life expectancy of canines. The dependent variable is ‘life expectancy of dogs as measured in years and months. The following variables were collected from dog owners:

  • Breed of Dog
  • Brand of food fed to dog
  • Number of times dog is fed per day
  • Veterinarian visits per year
  • Owners median income
  • Owners years of education
  • Dog primarily stays outdoors or indoors.
  • Marital status of owner

a. From the data collected, which variable(s) are best represented by a dummy variable(s)?

b. From the data collected, which variable is least likely to be relevant to the life expectancy of a dog and why?

c. From the data collected, which TWO variables are most likely to positively affect the life expectancy of a dog and why?

In: Statistics and Probability

Draw the class diagram of University; University (name and location etc) is maintaining the student affairs,...

Draw the class diagram of University; University (name and location etc) is maintaining the student affairs, faculty or non-faculty record, student record, hostel management, route management etc. University has a chancellor and different departments. Faculty and non-faculty members are the part of each department. Minimum 2 or 3 attributes and operations of each class. Show the cardinality or multiplicity constraints as well.

In: Computer Science

The following table presents data on wine consumption (in liters per person per year) and death...

The following table presents data on wine consumption (in liters per person per year) and death rate from heart attacks (in deaths per 100,000 people per year) in 19 developed Western countries.

Country Alcohol from Wine Heart disease Deaths
Australia 2.5 211
Austria 3.9 167
Belgium 2.9 131
Canada 2.4 191
Denmark 2.9 220
Finland 0.8 297
France 9.1 71
Iceland 0.8 211
Ireland 0.7 300
Italy 7.9 107
Netherlands 1.8 167
New Zealand 1.9 266
Norway 0.8 227
Spain 6.5 86
Sweden 1.6 207
Switzerland 5.8 115
United Kingdom 1.3 285
United States 1.2 199
West Germany 2.7

172

  1. What is the explanatory variable and what is the response variable?

  2. Create a scatterplot below (go ahead and enter the data into your calculator first, but draw a beautiful scatterplot).

  3. Does it appear that there is a linear relationship between alcohol consumption and heart attacks? Is there a positive association or negative association?

  4. Compute the linear regression equation and the correlation coefficient.

  5. Interpret the slope and y-intercept in the context of alcohol consumption and heart disease.

  6. Superimpose the regression equation on the scatterplot.

  7. Predict the rate of heart attacks for a country where the average wine consumption is 3 liters/person/year

  8. Would it be appropriate to try to predict the death rate from heart attacks for Estonia where the per capita wine consumption is 15 liters/year? Why or why not?

In: Statistics and Probability

Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to...

Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process.

Sales
Unit sales for November 2019 113,000
Unit sales for December 2019 101,000
Expected unit sales for January 2020 114,000
Expected unit sales for February 2020 111,000
Expected unit sales for March 2020 117,000
Expected unit sales for April 2020 124,000
Expected unit sales for May 2020 139,000
Unit selling price $12


Waterways likes to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2019, totaled $181,800.

Direct Materials

Direct materials cost 80 cents per pound. Two pounds of direct materials are required to produce each unit.

Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Raw Materials on December 31, 2019, totaled 11,370 pounds. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2019, totaled $102,870.

Direct Labor
Labor requires 12 minutes per unit for completion and is paid at a rate of $9 per hour.
Manufacturing Overhead
Indirect materials 30¢ per labor hour
Indirect labor 50¢ per labor hour
Utilities 50¢ per labor hour
Maintenance 20¢ per labor hour
Salaries $43,000 per month
Depreciation $18,200 per month
Property taxes $2,900 per month
Insurance $1,100 per month
Maintenance $1,200 per month
Selling and Administrative
Variable selling and administrative cost per unit is $1.60.
   Advertising $16,000 a month
   Insurance $1,300 a month
   Salaries $72,000 a month
   Depreciation $2,600 a month
   Other fixed costs $3,100 a month


Other Information

The Cash balance on December 31, 2019, totaled $100,000, but management has decided it would like to maintain a cash balance of at least $700,000 beginning on January 31, 2020. Dividends are paid each month at the rate of $2.30 per share for 4,910 shares outstanding. The company has an open line of credit with Romney’s Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 9% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $500,000 equipment purchase is planned for February.

For the first quarter of 2020, prepare a cash budget. (Round answers to 0 decimal places, e.g. 2,520.)

In: Accounting

Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to...

Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process.

Sales
Unit sales for November 2019 112,000
Unit sales for December 2019 101,000
Expected unit sales for January 2020 114,000
Expected unit sales for February 2020 112,000
Expected unit sales for March 2020 115,000
Expected unit sales for April 2020 127,000
Expected unit sales for May 2020 136,000
Unit selling price $12


Waterways likes to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2019, totaled $181,800.

Direct Materials

Direct materials cost 80 cents per pound. Two pounds of direct materials are required to produce each unit.

Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Raw Materials on December 31, 2019, totaled 11,380 pounds. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2019, totaled $102,875.

Direct Labor
Labor requires 12 minutes per unit for completion and is paid at a rate of $9 per hour.
Manufacturing Overhead
Indirect materials 30¢ per labor hour
Indirect labor 50¢ per labor hour
Utilities 40¢ per labor hour
Maintenance 30¢ per labor hour
Salaries $41,000 per month
Depreciation $16,200 per month
Property taxes $3,000 per month
Insurance $1,100 per month
Maintenance $1,100 per month
Selling and Administrative
Variable selling and administrative cost per unit is $1.50.
   Advertising $15,000 a month
   Insurance $1,400 a month
   Salaries $71,000 a month
   Depreciation $2,300 a month
   Other fixed costs $3,000 a month


Other Information

The Cash balance on December 31, 2019, totaled $101,000, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2020. Dividends are paid each month at the rate of $2.40 per share for 5,340 shares outstanding. The company has an open line of credit with Romney’s Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 9% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $460,000 equipment purchase is planned for February.



For the first quarter of 2020, prepare a cash budget. (Round answers to 0 decimal places, e.g. 2,520.

In: Accounting

Another student must pass through 12 sets of traffic lights on his way to university each...

Another student must pass through 12 sets of traffic lights on his way to university each day. Suppose

that each of the lights is green 36% of the time, yellow 5% of the time, and red 59% of the time.

Suppose it is known that the traffic lights function independently.

(a) What is the probability that the student encounters exactly five red lights on his way to university

one day?

(b) What is the probability that the student encounters at least three green lights on his way to

university one day?

(c) In a five-day school week, what is the probability that the student encounters exactly seven yellow

lights on his way to university?

In: Statistics and Probability

In 2005, North Inc. acquired an 80% interest in South Co. On the date of acquisition,...

In 2005, North Inc. acquired an 80% interest in South Co. On the date of acquisition, the book values of South’s asset and liability accounts at that time were considered to be equal to their fair values. No allocations or goodwill resulted from the combination because North’s acquisition value corresponded to the underlying book value of South The following selected account balances were from the individual financial records of these two companies as of December 31, 2019: . North South Sales $ 896,000.00 $ 504,000.00 Cost of Goods Sold 406,000 276,000 Operating Expenses 210,000 147,000 Retained Earnings, 1/1/19 1,036,000 252,000 Inventory 484,000 154,000 Buildings, net 501,000 220,000 Investment income not provided North routinely transfers inventory to South. Of the inventory transferred to South, 30% remained in inventory at the end of 2018 and was sold in the following year. 33.33% of the 2019 intra entity sales remained on hand at the end of 2019 and were sold at the beginning of 2020. More date regarding the intra entity transfers for 2018-2019 are shown below: 2018 2019 North Sales Price to South 130000 165000 North's Cost of Goods Sold to South 104000 132000 Unsold Inventory at end of year 30% 33.33% For the consolidated financial statements for 2018, determine the balances that would appear for the following accounts: a) Cost of Goods Sold; b) Inventory; and c) Net income attributable to the noncontrolling interest.

In: Accounting

1,2,3) Assume the US market of sunflower oil was described by the following domestic supply and...

1,2,3) Assume the US market of sunflower oil was described by the following domestic supply and demand equations:

QDUS = 8000 – 4 P

QSUS = -2000 + 6 P

where QDUS and QSUS represent the quantities demanded and supplied (in tons) and P is the price per ton of sunflower oil (in $).

4) Now add this information:

In 2008, China entered into the World Trade Organization and became the largest importer of US sunflower oil. Assume the Chinese import demand for sunflower oil from the US in 2008 was

QDCHINA = 20000 – 10 P

1) What was the market (equilibrium) price of sunflower oil?

2) Using your work in question 1, what was the market (equilibrium) quantity of sunflower oil?

3) Using your work in questions 1 and 2, what were revenues for the suppliers of sunflower oil?

4) Given this information, what was the new equilibrium price of sunflower oil in 2008? (Hint: what is the total demand for US sunflower oil?)

5) Given the price you calculated in the previous question, what was the equilibrium total quantity demanded?

6) Given your answers in the previous 2 questions, how much of the new equilibrium quantity was consumed in the US (i.e., US quantity demanded given the new equilibrium price)?

7) Given your answers in the previous three questions, how much sunflower oil did China purchase from US producers? (i.e., China quantity demanded)

8) Given your calculations in questions # 4 and #5, what were US sunflower oil producer revenues?

In: Economics

Case Study 1 Having spent 20 years in a US based company as Chief Accountant, Mohammed...

Case Study 1
Having spent 20 years in a US based company as Chief Accountant, Mohammed faced a lot of challenges upon joining the VH Manufacturing Company in his hometown in India. He was appointed as Chief Accountant and, at the same, was also involved in coordinating the various projects of the company outside the country. Basically, Mohammed followed US-GAAP based guidelines for financial reporting in his earlier portfolios, hence shifting to a new company posed him challenges as he must follow IFRS guidelines for financial reporting. Though both the US GAAP and IFRS are authoritative statements, there were significant differences in the guidelines. Mohammed believed that adopting US GAAP is more comfortable as it provided him detailed and specific rules for financial reporting, which is not the case with IFRS.
It was during an internal audit carried out in the accounting department, the auditors came out with a report of the following observations related to treating various revenue and expenses.
1. All the expenses towards the repair and maintenance of plant and machineries are treated as operating expenses in the financial statements.
2. Mohammed was strict in reporting revenues; hence, the revenues were under- estimated. As per the audit, they estimated that RO240,000 which the company may consider as revenue from the various projects are reported as unearned revenue (customer advances).
3. The company used the FIFO method for valuing inventory consistently over the last few years. Since Mohammed joined the company, he has used LIFO method for valuing inventory.
4. During the year, the company has taken a loan for capital expenditure, but due to a temporary cash crunch the money was used the cash to pay salaries to the staff. The issued was discussed with the bank and thereafter the bank has issued a letter instructing the company to repay the loan on the grounds of violation of the covenant/loan agreement. Mohammed has reported the loan as non-current liability in the financial statements.
5. While writing off impairment losses, Mohammed has used two-step method for write- offs as he mentioned that this was the practice he followed in the previous company where he worked.
The management called Mohammed for an explanation regarding the above observations. Yasir, a friend of Mohammed, has been always a critic of using accounting standards. He considered that adherence to the conceptual frameworks are not necessary to prepare reliable financial statements. As the purpose of financial statements is to communicate the financial results and financial position to internal and external stakeholders, the organization should
|Page4
follow a customized accounting framework that best suits it instead of using accounting standards set by international bodies.
Based on the above case, answer the following;
(Maximum word count for Case Study is 400 Words)
(3+4+3 = 10 Marks)
1. “Mohammed believed that adopting US GAAP is more comfortable as it provides the accountant a detailed and specific guideline for financial reporting, which is not the
case with IFRS”. Do you agree with Mohammed? Justify your answer.
2. Do you consider that Mohammed followed IFRS while preparing the financial statements? (The arguments should be based on the findings of the auditor. Briefly discuss each of the auditor’s observation and verify whether Mohammed followed the
prescribed reporting standards.
3. In your opinion, do you consider that accounting standards are required for preparing
financial statements? Do you think that following accounting standards (for example, reporting fixed assets at their cost price less accumulated

In: Accounting

1. Identify a struggling company that could benefit from market penetration, market development, or product development....

1. Identify a struggling company that could benefit from market penetration, market development, or product development. What might you advise this company’s executives to do differently?

2. Some universities have used vertical integration by creating their own publishing companies. The Harvard Business Press is perhaps the best-known example. Are there other ways that a university might vertically integrate? If so, what benefits might this create?

3. Studies have shown that executives’ pay increases when their firms gets larger. To what extent do you think executive pay plays in diversification decisions?

4. What might executives do to keep employees within dog units motivated and focused on their jobs?

In: Operations Management