Critical Thinking

The market for young people's food products has increased considerably in recent years. As a result, children have become high-potential customers and are now the focus of intense and specialized marketing and advertising efforts.

Children and adolescents have become attractive consumers and influencers: they have an increasing influence on their family's purchases.Childrenrepresent an important target audience for marketers because they have their own purchasing power, influence their parents' purchasing decisions, and are the consumers of tomorrow. Advertisers have an interest in seducing them from an early age.Thus, to be sure to attract young people, companies opt for a combination of different approaches and channels such as television advertising, contests and games, toys, the use of popular characters, the use of various attractive colors, school marketing, Internet and branded products etc.

Food and beverages products that target children have increased and these productsare dominated by foods that are high in calories, sugars, salt, fat, low in nutrients and therefore not compatible with national dietary recommendations.

Mr. Fahmy has already a business in the food sector and wants to open a new subsidiary specializing in natural and organic products for children. The goal is to provide healthy, nutritious food and use healthier ingredients.

Questions

1. Help Mr. Fahmy define his overall goals, objectives and strategies for his new business in the context of his mission and purpose.

2. Briefly describe the choices that Mr. Fahmy can make for each of the 4 Ps of the marketing mix.

3. Identify the target market and describe how Mr. Fahmy's activities will respond better than the competition to the needs of the consumer. (List consumer expectations for the product)

4. Describe the type of promotional methods that you recommend to Mr. Fahmy for the promotion of his product line. (Identify techniques such as word of mouth, personal sales, direct marketing, sales promotion, etc., on television, radio, social media, and newspapers).

1. During the month, ABC Company delivered ½ of the work to earn ½ of the initial $2,000 recorded previously as unearned revenue. The adjusting entry to show some work had been completed and some revenue had been now earned would be:

2. During the month, ABC Company purchased merchandise inventory with a 10%, 90-day note payable, for $1,000. The company uses the perpetual inventory system. The entry to record the note and purchase of the inventory is:

3. Based on the information in letter d above, assume ABC Company pays the note when due 90 days later. The journal entry is (take interest expense to the nearest dollar):

50. How do companies account for and record payroll?

1. List some of the common withholdings deducted from the employee’s pay:

3. 
   
   iv)        
   

2. Journalize the employer payroll taxes assuming that the FICA-OASDI Taxes is $400, FICA- Medicare Taxes is $100, Federal Unemployment Taxes is $10, and State Unemployment Taxes is $25.

50. How are current liabilities that must be estimated accounted for?

1. To journalize the estimated cost of vacation benefits, the company will debit _____________ and credit __________________.
2. To journalize the amount of estimated cost of future warranty repairs, the company will debit _____________________ and credit ________________________.
   
   
   

50. How are contingent liabilities accounting for?

1. In your own word, what is a contingent liability?   
   
2. What is a Remote Contingent Liability and is it recorded?
   
   
3. What is a Reasonably Possible Contingent Liability and is it recorded?
   
   
4. What is a Probable Contingent Liability?
   
   
   

50. How do we use the times-interest-earned ratio to evaluate business performance?

1. What is the formula for times-interest-earned?

2. If net income is $1,000, income tax expense is $100, and interest expense is $300, what is times-interest-earned (take to two decimal places)?
   

One of the leading arguments for the power of a capitalistic based economy is that regarding the distinct advantage competition brings to all of the stakeholders in an economy. The premise of competitive markets is the outcome of improved quality and lower prices, or value. Individual firms react (behave) to the market dynamics and competitive forces accordingly. In order for this to occur, the market needs to be constructed in a way that there are many buyers and sellers. At the same time, each firm is trying to maximize their profit by making decisions regarding their supply of a product or service based on the opposite reaction of the demand from the buyers.

From the background above, answer the following questions on a separate word document based on the following scenario:

The market for a hamburger in Trempealeau, Wisconsin has the following structure:

Each producer in the market has fixed costs of $9 and the following marginal cost:

1.         Compute each producer’s total cost and average total cost for 1 to 6 hamburgers (5 pts)

2.         The price of a hamburger is now $11. How many hamburgers are sold? How many producers are there? How much profit does each producer earn? (5 pts)

3.         Is the situation described in question 1 a long-run equilibrium?   Why or why not? (5 pts)

4.         Suppose that in the long run there is free entry and exit. How much profit does each producer earn in the long-run equilibrium? What is the market price and number of hamburgers each producer makes? How many hamburgers are sold? How many hamburger producers are operating?

EXERCISE 3–19 Applying Overhead; Journal Entries; T-Accounts [LO1, LO2, LO3, LO4, LO5]

Custom Metal Works produces castings and other metal parts to customer specifications. The company uses a job-order costing system and applies overhead costs to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,320,000 in manufacturing overhead cost at an activity level of 576,000 machine-hours.

The company had no work in process at the beginning of the year. The company spent the entire month of January working on one large order—Job 382, which was an order for 8,000 machined parts. Cost data for January follow:

1. Raw materials purchased on account, $315,000.

2. Raw materials requisitioned for production, $270,000 (80% direct and 20%

   indirect).

3. Labor cost incurred in the factory, $190,000, of which $80,000 was direct

   labor and $110,000 was indirect labor.

4. Depreciation recorded on factory equipment, $63,000.

5. Other manufacturing overhead costs incurred, $85,000 (credit Accounts

   Payable).

6. Manufacturing overhead cost was applied to production on the basis of

   40,000 machine-hours actually worked during January.

7. The completed job was moved into the finished goods warehouse on January

   31 to await delivery to the customer. (In computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materials, direct labor, and applied overhead.)

Required in clear word doc form:

1. Prepare journal entries to record items (1) through (7) above.

2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post

   the relevant items from your journal entries to these T-accounts.

3. Compute the unit product cost that will appear on the job cost sheet for Job

   382.

Conduct an Independent Samples T test to answer the questions based on the following scenario. (Assume a non-directional research hypothesis (two-tailed test) and a level of significance of .05) The superintendent who collected data for Assignments 1 and 2, continued to examine the district’s data. One question that concerned the superintendent’s constituencies was the difference between the school performance scores of the superintendent’s district and a neighboring district that had similar demographic and socio-economic characteristics. The superintendent collected the following information: School performance scores for superintendent’s district: 62 66 73 79 64 68 75 85 69 63 60 71 51 78 65 79 58 86 76 63 60 80 45 61 72 63 59 School performance scores for comparison district: 67 68 69 67 73 66 64 60 61 61 56 60 57 72 62 63 64 70 65 63 67 63 57 60 64 69 68

1. What are the mean and standard deviation for the superintendent’s district?

2. What are the mean and standard deviation for the comparison district?

3. State an appropriate null hypothesis for this analysis.

4. What is the observed or computed value of t?

5. What is the value of the degrees of freedom that are reported in the output (equal variances assumed)?

6. What is the reported level of significance?

7. Based on the reported level of significance, would you reject the null hypothesis?

8. Present the results as they might appear in an article. This must include a table and narrative statement that reports and interprets the results of the Independent Samples T test. Note: The table must be created using your word processing program. Tables that are copied and pasted from SPSS are not acceptable.

Hospital setting

lll:Billing and Reimbursement A. Analyze the collection of data by patient access personnel and its importance to the billing and collection process. Be sure to address the importance of exceptional customer service. B. Analyze how third-party policies would be used when developing billing guidelines for patient financial services (PFS) personnel and administration when determining the payer mix for maximum reimbursement. C. Organize the key areas of review in order of importance for timeliness and maximization of reimbursement from third-party payers. Explain your rationale on the order. D. Describe a way to structure your follow-up staff in terms of effectiveness. How can you ensure that this structure will be effective? E. Develop a plan for periodic review of procedures to ensure compliance. Include explicit steps for this plan and the feasibility of enacting this plan within this organization. IV. MarketingandReimbursement A. Analyze the strategies used to negotiate new managed care contracts. Support your analysis with research. B. Communicate the important role that each individual within this healthcare organization plays with regard to managed care contracts. Be sure to include the different individuals within the healthcare organization. C. Explain how new managed care contracts impact reimbursement for the healthcare organization. Support your explanation with concrete evidence or research. D. Discuss the resources needed to ensure billing and coding compliance with regulations and ethical standards. What would happen if these resources were not obtained? Describe the consequences of noncompliance with regulations and ethical standards. Guidelines for Submission: Your draft must be submitted as a three- to five-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and at least three sources, which should be cited in APA format.

Assignment 4: T test for Dependent samples

Directions

Conduct a T test for Dependent Samples to answer the questions based on the following scenario. (Assume a nondirectional research hypothesis (two-tailed test) and a level of significance of .05)

Scenario

To further examine the school performance scores of the district, the superintendent identified schools within the district that could be matched to schools from surrounding districts using a series of demographic characteristics such as size, socio-economic status, and percent special education students. The data that were collected are presented below.

Questions

1. What are the mean school performance scores for the superintendent’s district and matched schools?
2. What are the standard deviations of the school performance scores for the superintendent’s district and matched schools?
3. State an appropriate null hypothesis for this analysis.
4. What is the observed or computed value of t?
5. What is the value of the degrees of freedom that are reported in the output?
6. What is the reported level of significance from the T Test for Dependent Means?
7. Based on the results of the T Test for Dependent Means, what would you conclude about the difference in scores of schools in the superintendent’s district and the matched schools?
8. Present the results as they might appear in an article. This must include a table and narrative statement that reports the results of the T Test for Dependent Means.

Note: The table must be created using your word processing program. Tables that are copied and pasted from SPSS are not acceptable.

The purpose of this assignment is to calculate and interpret an ANOVA table. For this assignment, use IBM SPSS Statistics.

Part 1:

Using the "Example Dataset," assess this statement using ANOVA: "People with different levels of education exercise for different amounts of time during the week."

Select and conduct the appropriate ANOVA test to assess the statement. Export the ANOVA table to a Word document.

Part 2:

In 250-500 words, discuss the following regarding the use of ANOVA.

1. Describe when the use of ANOVA is more appropriate than the use of a t-test.
2. Describe which ANOVA test you used and why.
3. Interpret the results by (a) stating the reason the study or test was done; (b) presenting the main results, including explaining the within and between subjects variation and the F-ratio from the ANOVA table; (c) explaining what the results mean, including discussing whether there is a statistically significant difference between education groups and amount of exercise; and (d) making suggestions for future research.

   Sex	Education_Level***	Minutes_Exercise
   Female	2	90
   Male	2	50
   Female	3	65
   Male	1	20
   Female	1	50
   Female	2	25
   Female	3	110
   Male	1	50
   Female	2	40
   Male	2	80
   Female	3	120
   Male	1	80
   Female	1	60
   Male	3	150
   Male	2	75
   Male	1	80
   Female	2	110
   Male	3	80
   Male	2	100
   Female	1	0
   Female	2	50
   Female	3	200
   Male	2	60
   Male	1	65
   Female	1	40
   Male	3	65
   Female	3	70
   Female	1	45
   Male	3	75
   Male	3	50

Deriving the Area of an Obtuse Triangle You just derived the formula for the area of an acute triangle using trigonometric ratios. Now extend the idea to finding the area of an obtuse triangle.

Part A

Draw a line that passes through points A and B. Then draw a line through point C that is perpendicular to line AB . Label the intersection of the perpendicular line AB and as point D. Take a screenshot of your construction, save it, and insert the image in the space below

Part B

What do you know about ΔBCD?

Part C

In terms of the trigonometric ratios for ΔBCD, what is the length of CD ? Insert text on the triangle in GeoGebra to show the length of CD . Take a screenshot of the triangle with the text,save it, and insert the image in the space below.

Part D

Using the formula 1/2 base x height, write an expression for the area of ΔABC. Base your answer on the work you did in parts A through C. Show your work.

Part E

Compare the formula for the area of the obtuse triangle in part D with the formula for the area of an acute triangle in task 1, part J. How do the formulas compare?

Part F

You found one formula, area of triangle = 1/2 acsin(B) , that applies to an obtuse triangle just as it does to an acute triangle. Which other formulas for the area of an obtuse triangle can you derive? Show the formulas and justify your answer. (Hint: See task 1, part K.)

Part G

Using your own words, describe the formula for the area of an obtuse triangle in word form.

Part H

Based on the formulas for an acute triangle in task 1 and the formulas for an obtuse triangle in task 2, can you draw a general conclusion about the area formulas for any kind of triangle: acute, obtuse, or right?