Kathy Chen, owner of Flower Hour, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Chen wants to set the delivery fee based on the distance driven to deliver the flowers. Chen wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. She has the following data from the past seven months:
|
Month |
Miles Driven |
Van Operating Costs |
|
January. . . . . . . . . . . . . . . . . . . . . . |
16,400 |
$5,480 |
|
February. . . . . . . . . . . . . . . . . . . . . . |
17,500 |
$5,400 |
|
March. . . . . . . . . . . . . . . . . . . . . . |
15,000 |
$4,950 |
|
April. . . . . . . . . . . . . . . . . . . . . . |
16,100 |
$5,270 |
|
May. . . . . . . . . . . . . . . . . . . . . . |
17,300 |
$5,740 |
|
June. . . . . . . . . . . . . . . . . . . . . . |
15,600 |
$5,440 |
|
July. . . . . . . . . . . . . . . . . . . . . . |
14,500 |
$4,680 |
Use Microsoft Excel to run a regression analysis, then do the following:
|
1. |
Determine the company's cost equation (use the output from the Excel regression). |
|
2. |
Determine the R-square (use the output from the Excel regression). What does Flower HourFlower Hour's R-square indicate? |
|
3. |
Predict van operating costs at a volume of 16 comma 00016,000 miles assuming the company would use the cost equation from the Excel regression regardless of its R-square. Should the company rely on this cost estimate? Why or why not? |
In: Math
In: Accounting
Question #6. Independent cases:
A. On January 1, Nets Company paid $48,000 for a new delivery truck. It was estimated that the truck would be driven 100,000 miles during the next 5 years, at which time it would have a salvage value of $3,000. During the first and second years, the odometer registered 22,000 and 40,000 miles, respectively. Calculate the depreciation expense Nets Company needs to record at the end of year I & end of year 2. Nets Company uses the Units of Production method to account for depreciation. What is the book value of the truck at the end of 2nd year.
B. On Jan. 1, 2004, Cav Co., which uses straight-line depreciation, purchased equipment for $60,000 with a useful life of 7 years and $4,000 salvage value. On April 1, 2008, the equipment was sold for $30,000 cash. What gain or loss should Cav recognize as a result of this disposition? Indicate the impact of the disposition on the income statement & balance sheet.
C. On Nov. 1, 2005, GoodTaste Magazine received $36,000 of annual magazine subscriptions. On Dec. 31, 2005, the end of fiscal year, Management of GoodTaste decided to recognize the $36,000 as revenues for the year 2005. Do you agree with GoodTaste Management? Explain. How should GoodTaste Magazine report this in its financial statements as of Dec. 31, 2005?
In: Accounting
3. Consider the following situation and answer the subsequent questions to the best of your engineering ability and judgment. a. There are two Schultz Creek watersheds, East and West. The East drains into unincorporated communities east of Flagstaff, and the West drains into the City of Flagstaff itself. The key point about ‘unincorporated’ is that this means these residents did not live in a city or town, and for some infrastructure aspects like storm drainage, there were no requirements or regulations. Prior to 2010 both of these watersheds were heavily forested and due to almost a hundred years of fire suppression instead of fire management, both watersheds had accumulated thick, water-absorbing masses of pine needles and decomposed pine needles on the forest floor. This prevented the watersheds from ‘delivering’ runoff to its streams in normal years because all of the precipitation was stored in the pine needle layers, sometimes referred to as ‘duff’. Only in heavy snow and rain years, about once every 5-7 years, would the streams flow, instead of every one or two years. i. The East Schultz Creek Watershed is approximately 14 square miles in area. The West is about 6 square miles in area. Assume that the following hydrologic soil group percentages hold for both watersheds prior to 2010: 5% HSG D, 8% HSG C, 15% HSG B, and the rest is HSG A, due to the extensive duff in the watershed.
In: Civil Engineering
A firm specializes in leasing apartments to students attending a nearby college. The firm has several apartment blocks (each block has 100 apartments) in different locations and distances from the campus. The firm has estimated a regression model to understand the effect of three variables on the demand for its apartments. The results obtained from the regression model is provided below.
Regression Results
|
Coefficients |
Standard Error |
t Stat |
P-value |
|
|
Intercept |
108.96 |
15.55 |
7.01 |
0.00 |
|
P |
-0.10 |
0.03 |
-3.33 |
0.004 |
|
B |
3.63 |
1.34 |
2.72 |
0.026 |
|
D |
-4.83 |
0.89 |
-5.43 |
0.001 |
where:
|
P is the rental price in dollars for the apartments |
|
B is the number of scheduled public bus service from apartment building to campus per hour |
|
D is distance (in miles) from each apartment building to campus |
(a). Interpret the coefficients and statistical significance of each of the three variables (P, B, and D) [3 marks]
(b). Compute the price elasticity of demand for rental units priced at $375, located 2 miles from campus and with a schedule of 6 bus services per hour? [2 marks].
(c). The firm mangers are considering introducing their own bus service in apartment blocks under-served by public transportation. How will the regression results be of use, and what other factors will the firm need to consider when making this decision for the firm to maximize profits? [2 marks]
In: Economics
A car rental company allows its customers to pick up a rental car at one location and return it to any of its locations. Currently, two locations (1 and 2) have 16 and 18 surplus cars, respectively; and four locations (3, 4, 5, and 6) each need 10 additional cars. Because 34 surplus cars are available at locations 1 and 2 combined, and 40 cars are needed at locations 3, 4, 5, and 6 combined, some locations will not receive as many cars as they need. Management wants to make sure all surplus cars are sent where they are needed, and that each location needing cars receives at least five. Management wants to do this with the lowest total miles added to the cars. The distance (in miles) from locations 1 and 2 to the other locations are summarized in the following table:
| Cost | Location 3 | Location 4 | Location 5 | Location 6 |
| Location 1 | 5.4 | 1.7 | 2.3 | 3.0 |
| Location 2 | 2.4 | 1.8 | 1.9 | 3.1 |
(1.1) Formulate a linear programming model for this problem
(1.2) Create a spreadsheet model for this problem and solve it using Solver. Submit your Excel file on iLearn.
(1.3) What is the optimal solution?
(1.4) Which location is receiving the fewest cars?
(1.5) Suppose location 6 must have at least eight cars shipped to it. What impact does this have on the optimal objective function value?
In: Operations Management
Which technology is better?
(1)
a technology that involves high initial cost but lower future annual operating costs
(2)
a technology that is cheaper in initial cost but higher future annual operating costs
A. Always (1) Technology
B. Always (2) Technology
C. Depends. Need to evaluation a life-cycle cost
For every penny that the price of gasoline goes up, the U.S. Postal Service (USPS) experiences a monthly fuel cost increase of $8 million. State what assumptions you need to make to answer this question: "How many mail delivery vehicles does the USPS have in the United
States?”
A. Gasoline price before the increase
B. Gas consumption (miles per
gallon) of the average delivery vehicle
C. Total number of miles driven each year by the average delivery vehicle
D. Total number of drivers employed by the USPS
E. Annual repair and maintenance expenses per average delivery
vehicle
Assume that your employer is a manufacturing firm that produces several different electronic consumer products. What are three nonmonetary factors (attributes) that may be important when a significant change is considered in the design of the current bestselling product?
A. Aesthetics
B. R&D expenses incurred for the design
C. Safety
D. Advertising costs
E. Quality in terms of consumer expectations
In: Economics
Identify and research a service business in your pathway. Using the internet, go to the company’s website and obtain their most recent (less than 2 years old) Annual Report/10K.
Write a three paragraph discussion post with the following information:
Name of the company, in the subject line of your post.
Why are you interested in this company?
What industry are they in?
What do they do specifically?
Examples of businesses in pathways could be:
In: Accounting
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals.
A random sample of 55 home theater systems has a mean price of $136.00. Assume the population standard deviation is $18.60.
a) The 90% confidence interval is ____
b) The 95% confidence interval is ____
c) Interpret the results. Choose the correct answer below.
a.
With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is wider than the 90%.
b.
With 90% confidence, it can be said that the sample mean price lies in the first interval. With 95% confidence, it can be said that the sample mean price lies in the second interval. The 95% confidence interval is wider than the 90%.
c.
With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is narrower than the 90%.
In: Statistics and Probability
Java- Fill in the blanks
Print numbers 0, 1, 2, ..., userNum as shown, with each number indented by that number of spaces. For each printed line, print the leading spaces, then the number, and then a newline. Hint: Use i and j as loop variables (initialize i and j explicitly). Note: Avoid any other spaces like spaces after the printed number. Ex: userNum = 3 prints:
0 1 2 3
--------------------------------------------
public class NestedLoop {
public static void main (String [] args) {
int userNum = 0;
int i = 0;
int j = 0;
/* Your solution goes here */
return;
}
}
----------------------------------------------------
Given numRows and numCols, print a list of all seats in a theater. Rows are numbered, columns lettered, as in 1A or 3E. Print a space after each seat, including after the last. Use separate print statements to print the row and column. Ex: numRows = 2 and numCols = 3 prints:
1A 1B 1C 2A 2B 2C
-----------------------------------------------------------
public class NestedLoops {
public static void main (String [] args) {
int numRows = 2;
int numCols = 3;
// Note: You'll need to declare more variables
/* Your solution goes here */
System.out.println("");
return;
}
}
In: Computer Science