Dandy's Fun Park is evaluating the purchase of a new game to be located on its Midway.? Dandy's has narrowed their choices down to? two: the Wacky Water Race game and the

Whackminus?Aminus?Mole

game. Financial data about the two choices follows.

What is the total present value of future cash inflows and residual value from the

Whackminus?Aminus?Mole

?game?

The health of the bear population in a park is monitored by periodic measurements taken from anesthetized bears. A sample of the weights of such bears is given below. Find a​ 95% confidence interval estimate of the mean of the population of all such bear weights. The​ 95% confidence interval for the mean bear weight is the following.

data table 80 344 416 348 166 220 262 360 204 144 332 34 140 180

The purpose of this homework is to test your knowledge of GUI. Consider a fictional park where the entry price for 1 adult ticket is $50, and for 1 children ticket is $25. Write a simple GUI application that let user to enter the number of tickets and display the total price. The GUI should contain:

● One text field for the user to enter the number of adult tickets

● One text field for the user to enter the number of children tickets

● One button “Calculate total cost”

● One text field to display the total cost When the user clicks the button then the correct cost is displayed in the total price field. If the input text field is empty then it should be treated as 0 tickets.

Consider the following expected returns, volatilities, and correlations:

a. Consider a portfolio consisting of only Duke Energy and Microsoft. What is the percentage of your investment (portfolio weight) that you would place in Duke Energy stock to achieve a risk-free investment? b. What is the expected return of a portfolio that is equally invested in Duke Energy and Microsoft? c. What is the volatility of a portfolio that is equally invested in Duke Energy and Microsoft? d. What is the expected return of a portfolio that consists of a long position of $11,000 in WalMart and a short position of $3,000 in Microsoft? e. What is the volatility of a portfolio that consists of a long position of $11,000 in Wal-Mart and a short position of $3,000 in Microsoft?

Let S represent the amount of steel produced (in tons). Steel production is related to the amount of labor used (L) and the amount of capital used (C) by the following function:

    S = 20 L^0.3C ^0.7

In this formula L represents the units of labor input and C the units of capital input. Each unit of labor costs $50, and each unit of capital costs $100.

Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 3.5 grams $ 1.00 per gram Direct labor 0.7 hours $ 11.00 per hour Variable overhead 0.7 hours $ 2.00 per hour The company reported the following results concerning this product in July. Actual output 3,000 units Raw materials used in production 11,370 grams Actual direct labor-hours 1,910 hours Purchases of raw materials 12,100 grams Actual price of raw materials purchased $ 1.20 per gram Actual direct labor rate $ 11.40 per hour Actual variable overhead rate $ 2.10 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead efficiency variance for July is:

In the Ponderosa Development Corp. (PDC) example, if the land for each house costs $108,100 and lumber, supplies, and other materials cost another $41,200 per house. The company leases office and manufacturing space for $3,100 per month and their monthly salaries total to $65,250. Assume that total labor costs are approximately $26,800 per house. The cost of supplies, utilities, and leased equipment is $6,650 per month. The one salesperson of PDC is paid a commission of $3,900 on the sale of each house. The selling price of each house is $195,000.
(1) Identify all costs and revenue for each house.

(2) Write the monthly cost function c (x), revenue function r (x), and profit function p (x).

(3) What is the breakeven point (BEP) for monthly sales of the houses based on the cost, revenue and profit functions specified in (2)?

(4) What is the monthly profit if 13 houses per month are built and sold?

(5) What is the monthly profit if the variable cost per house = $160,500 and PDC built and sold 10 houses per month?

(4) What is the monthly profit if 13 houses per month are built and sold?

Soap Makers International

Several years ago, Ingrid Krause wanted some international expertise and applied for a transfer to her company’s soap division, which is located south of Warsaw, Poland. The soap division manufactures hand soap for use in a large number of settings, from hospitals to luxury hotels. Ingrid was awarded the transfer to the soap division and was assigned to the accounting department. She is responsible for overseeing the costing and probability analysis of the various soaps and soap-making processes. During her tenure in the soap division, there were numerous changes in the number of soaps manufactured and the processes to make the different soaps. Consequently, Ingrid’s position required her to consider changes in the accounting processes to reflect the changes in the soap division’s business.

For several decades, the company’s soap-making process required a large labour force that manufactured and packaged the soap mainly by hand. Local economic changes meant that the labour force that the factory required was not as available as it had been in the past. As a result, the division was experiencing slower processing time, and more snap being rejected during inspections because of quality concerns. To address the issues related to the lack of labour availability, the division’s management decided three years ago that automation was the way to go. Consequently, over the last three years, the soap making processes have changed with the implementation of automation.

The automation of the soap making processes have allowed for a much larger variety of soap and packing, a reduced direct labour force and direct labour costs, and a higher level of traceability of costs to the various soaps because of technological improvements. Soaps made for industrial applications require different ingredients, less time in processing, less time in finishing, and less time in and cheaper packaging than do soaps for the hotel industry. The costs of materials and packaging are directly traceable to the various types of soaps through new software that uses bar codes and counters to trace material costs to the various soaps directly.

Ingrid feels that the current costing system should be revisited. The cost driver for allocation of the overhead costs (such as supervisory salaries and plant utilities) have always been direct labour hours cost. However, given the decline in the use of labour due to automation, Ingrid is questioning its suitability as a basis of allocation. Ingrid would like to explore activity based costing to allocate overhead costs.

Ingrid has gathered cost data for two representative soaps: one sold to hospitals and one sold to hotels. Further, Ingrid has gathered data from the automated system on the amount of time each type of soap spends in the three manufacturing processes: processing, finishing, and packaging. The soap is produced in large batches, consequently, the data are adjusted to reflect the average cost per 100g of soap. The data for type of soap for one month’s production are in Exhibit 1.

REQUIRED

1. Calculate the costs (of direct material, direct labour, and overhead) for each of the two representative types of soap using direct labour as the basis for the allocation of overhead.

EXHIBIT 1 – COSTS FOR ONE MONTH’S PRODUCTION OF SOAP

EXHIBIT 2 – TIME REQUIRED FOR ONE MONTH’S PRODUCTION OF SOAP

Calculate the appropriate amount of 28 wt% aqueous NH3 and solid NH4Cl to be mixed together to yield 500 mL of a ~0.2 M pH 10 buffer.

(1 point) Find the following probabilities for the standard normal random variable ?z:

(a)  ?(−0.84≤?≤0.2)=

(b)  ?(−2.16≤?≤1.12)=

(c)  ?(?≤0.31)=

(d)  ?(?>−0.95)=