TipTop Flight School offers flying lessons at a small municipal airport. The school’s owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below:
| TipTop Flight School Variance Report For the Month Ended July 31 |
||||||||||
| Actual Results |
Planning Budget |
Variances | ||||||||
| Lessons | 140 | 135 | ||||||||
| Revenue | $ | 33,420 | $ | 32,400 | $ | 1,020 | F | |||
| Expenses: | ||||||||||
| Instructor wages | 6,875 | 6,750 | 125 | U | ||||||
| Aircraft depreciation | 5,040 | 4,860 | 180 | U | ||||||
| Fuel | 3,185 | 2,565 | 620 | U | ||||||
| Maintenance | 2,895 | 2,770 | 125 | U | ||||||
| Ground facility expenses | 1,950 | 2,020 | 70 | F | ||||||
| Administration | 3,465 | 3,555 | 90 | F | ||||||
| Total expense | 23,410 | 22,520 | 890 | U | ||||||
| Net operating income | $ | 10,010 | $ | 9,880 | $ | 130 | F | |||
After several months of using such variance reports, the owner has become frustrated. For example, she is quite confident that instructor wages were very tightly controlled in July, but the report shows an unfavorable variance.
The planning budget was developed using the following formulas, where q is the number of lessons sold:
| Cost Formulas | |
| Revenue | $240q |
| Instructor wages | $50q |
| Aircraft depreciation | $36q |
| Fuel | $19q |
| Maintenance | $610 + $16q |
| Ground facility expenses | $1,750 + $2q |
| Administration | $3,420 + $1q |
Required:
2. Complete the flexible budget performance report for the school for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
TipTop Flight School offers flying lessons at a small municipal airport. The school’s owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below:
| TipTop Flight School Variance Report For the Month Ended July 31 |
||||||||||
| Actual Results |
Planning Budget |
Variances | ||||||||
| Lessons | 185 | 180 | ||||||||
| Revenue | $ | 42,360 | $ | 41,400 | $ | 960 | F | |||
| Expenses: | ||||||||||
| Instructor wages | 10,960 | 10,800 | 160 | U | ||||||
| Aircraft depreciation | 7,400 | 7,200 | 200 | U | ||||||
| Fuel | 3,620 | 3,060 | 560 | U | ||||||
| Maintenance | 2,690 | 2,530 | 160 | U | ||||||
| Ground facility expenses | 2,130 | 2,170 | 40 | F | ||||||
| Administration | 3,720 | 3,840 | 120 | F | ||||||
| Total expense | 30,520 | 29,600 | 920 | U | ||||||
| Net operating income | $ | 11,840 | $ | 11,800 | $ | 40 | F | |||
After several months of using such variance reports, the owner has become frustrated. For example, she is quite confident that instructor wages were very tightly controlled in July, but the report shows an unfavorable variance.
The planning budget was developed using the following formulas, where q is the number of lessons sold:
| Cost Formulas | |
| Revenue | $230q |
| Instructor wages | $60q |
| Aircraft depreciation | $40q |
| Fuel | $17q |
| Maintenance | $550 + $11q |
| Ground facility expenses | $1,450 + $4q |
| Administration | $3,300 + $3q |
Required:
2. Complete the flexible budget performance report for the school for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
1)Use the normal distribution of SAT critical reading scores for which the mean is 513 and the standard deviation is 110. Assume the variable x is normally distributed.
What percent of the SAT verbal scores are less than 550 ?
If 1000 SAT verbal scores are randomly selected, about how many would you expect to be greater than 525?
2, 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. Which interval is wider? If convenient, use technology to construct the confidence intervals.
A random sample of 34 gas grills has a mean price of $646.60.
Assume the population standard deviation is $59.30. The 90% confidence interval is (__
The 90% confidence interval is (___,___)
The 95% confidence interval is (__,___)
Which interval is wider? Choose the correct answer below.
The 95% confidence interval
The 90% confidence interval
3, In a recent year, the scores for the reading portion of a test were normally distributed, with a mean of 22.2 and a standard deviation of 6.1. Complete parts (a) through (d) below.
(a) Find the probability that a randomly selected high school student who took the reading portion of the test has a score that is less than 18.
The probability of a student scoring less than 18 is (___)
(Round to four decimal places as needed.)
(b) Find the probability that a randomly selected high school student who took the reading portion of the test has a score that is between 15.7 and 28.7.
The probability of a student scoring between 15.7 and 28.7 is( )
(c) Find the probability that a randomly selected high school student who took the reading portion of the test has a score that is more than 34.7.
In: Statistics and Probability
TipTop Flight School offers flying lessons at a small municipal airport. The school’s owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below:
| TipTop Flight School Variance Report For the Month Ended July 31 |
||||||||||
| Actual Results |
Planning Budget |
Variances | ||||||||
| Lessons | 220 | 215 | ||||||||
| Revenue | $ | 59,130 | $ | 58,050 | $ | 1,080 | F | |||
| Expenses: | ||||||||||
| Instructor wages | 17,385 | 17,200 | 185 | U | ||||||
| Aircraft depreciation | 7,260 | 7,095 | 165 | U | ||||||
| Fuel | 4,550 | 3,870 | 680 | U | ||||||
| Maintenance | 4,080 | 3,895 | 185 | U | ||||||
| Ground facility expenses | 2,895 | 2,910 | 15 | F | ||||||
| Administration | 4,025 | 4,185 | 160 | F | ||||||
| Total expense | 40,195 | 39,155 | 1,040 | U | ||||||
| Net operating income | $ | 18,935 | $ | 18,895 | $ | 40 | F | |||
After several months of using such variance reports, the owner has become frustrated. For example, she is quite confident that instructor wages were very tightly controlled in July, but the report shows an unfavorable variance.
The planning budget was developed using the following formulas, where q is the number of lessons sold:
| Cost Formulas | |
| Revenue | $270q |
| Instructor wages | $80q |
| Aircraft depreciation | $33q |
| Fuel | $18q |
| Maintenance | $670 + $15q |
| Ground facility expenses | $2,050 + $4q |
| Administration | $3,540 + $3q |
Required:
2. Complete the flexible budget performance report for the school for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
P. 8–1
Government‐wide statements are on a full accrual basis; fund statements are on a modified accrual basis.
The East Eanes School District engaged in or was affected by the following events and transactions during its fiscal year ending June 30, 2021.
For each event, prepare the entries (as required) to record the transactions in the general fund or whatever other governmental fund seems most appropriate.
Prepare the entries that would be needed to reflect the transactions and events in the district's government‐wide statements.
In: Accounting
. For Business versus Engineering majors conduct a full, two-sample hypothesis test using the p value method at the 0.01% significance level (assume the variances are not equal). Claim: the average ’30-Year ROI’ for Business majors is less than for Engineering Majors. a. Will one of the two majors cost more than the other according to the average cost calculated in Week 2 with the sample data? If so, which one? b. Does the hypothesis tests support that one of the two majors costs more than another? If so, which one costs more? c. Why did we need the hypothesis test if Week 2 showed us which school from the sample cost more? d. According to these results, what would you tell our student who is choosing between majors if he/she asked, “What is it going to cost to attend a business/engineering school?”
week 2 sample data
| School Type | Cost | 30 Year ROI | Annual ROI |
| Private | $221,700.00 | $2,412,000.00 | 8.70% |
| Private | $213,000.00 | $2,064,000.00 | 8.30% |
| Private | $230,100.00 | $1,949,000.00 | 7.90% |
| Private | $222,600.00 | $1,947,000.00 | 8.00% |
| Private | $225,800.00 | $1,938,000.00 | 8.00% |
| Public | $87,660.00 | $1,937,000.00 | 11.20% |
| Private | $224,900.00 | $1,915,000.00 | 7.90% |
| Private | $221,600.00 | $1,878,000.00 | 7.90% |
| Public | $125,100.00 | $1,854,000.00 | 9.80% |
| Private | $215,700.00 | $1,794,000.00 | 7.90% |
| Public | $92,530.00 | $1,761,000.00 | 10.60% |
| Private | $217,800.00 | $1,752,000.00 | 7.70% |
| Public | $89,700.00 | $1,727,000.00 | 10.70% |
| Public | $229,600.00 | $1,716,000.00 | 7.50% |
| Public | $101,500.00 | $1,703,000.00 | 10.20% |
| Public | $115,500.00 | $1,694,000.00 | 9.70% |
| Public | $104,500.00 | $1,690,000.00 | 10.10% |
| Public | $69,980.00 | $1,685,000.00 | 11.50% |
| Private | $219,400.00 | $1,676,000.00 | 7.60% |
| Public | $64,930.00 | $1,668,000.00 | 11.70% |
In: Accounting
I'm doing a stats project and we had to survey students and now we have to make graphs based on the data we collected. My question is what is the best graph to use for each one.
Age
Cumulative GPA
What make of car you drive (or none)
What social media site/app do you use most frequently?
What is the highest level of education you plan to pursue after graduation?
What is your favorite breakfast food?
What is your favorite ice cream flavor?
What is your favorite video game?
What music genre do you listen to most often?
What is your favorite sport to play?
What is your favorite subject in school?
What is your political affiliation?
Where do you most frequently go for lunch?
How many hours per week do you spend on school work outside of the regular school day?
How many hours per week do you work at a job?
What is your weekly income at your current job if any?
How many minutes per day do you spend on social media?
How many “friends” do you have on social media?
On average, how many hours of sleep do you get per night?
How many apps do you have on your phone?
How many hours per week do you spend playing sports?
How many hours per week do you spend watching tv or movies?
Rank your level of academia
Rank your fitness level
Rank your diet / nutrition level
In: Statistics and Probability
TipTop Flight School offers flying lessons at a small municipal airport. The school’s owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below:
| TipTop Flight School Variance Report For the Month Ended July 31 |
||||||||||
| Actual Results |
Planning Budget |
Variances | ||||||||
| Lessons | 200 | 195 | ||||||||
| Revenue | $ | 49,810 | $ | 48,750 | $ | 1,060 | F | |||
| Expenses: | ||||||||||
| Instructor wages | 13,815 | 13,650 | 165 | U | ||||||
| Aircraft depreciation | 8,000 | 7,800 | 200 | U | ||||||
| Fuel | 3,780 | 3,120 | 660 | U | ||||||
| Maintenance | 3,350 | 3,185 | 165 | U | ||||||
| Ground facility expenses | 2,250 | 2,340 | 90 | F | ||||||
| Administration | 3,575 | 3,695 | 120 | F | ||||||
| Total expense | 34,770 | 33,790 | 980 | U | ||||||
| Net operating income | $ | 15,040 | $ | 14,960 | $ | 80 | F | |||
After several months of using such variance reports, the owner has become frustrated. For example, she is quite confident that instructor wages were very tightly controlled in July, but the report shows an unfavorable variance.
The planning budget was developed using the following formulas, where q is the number of lessons sold:
| Cost Formulas | |
| Revenue | $250q |
| Instructor wages | $70q |
| Aircraft depreciation | $40q |
| Fuel | $16q |
| Maintenance | $650 + $13q |
| Ground facility expenses | $1,950 + $2q |
| Administration | $3,500 + $1q |
Required:
2. Complete the flexible budget performance report for the school for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
ipTop Flight School offers flying lessons at a small municipal airport. The school’s owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results Planning Budget Variances Lessons 185 180 Revenue $ 42,360 $ 41,400 $ 960 F Expenses: Instructor wages 10,960 10,800 160 U Aircraft depreciation 7,400 7,200 200 U Fuel 3,620 3,060 560 U Maintenance 2,690 2,530 160 U Ground facility expenses 2,130 2,170 40 F Administration 3,720 3,840 120 F Total expense 30,520 29,600 920 U Net operating income $ 11,840 $ 11,800 $ 40 F After several months of using such variance reports, the owner has become frustrated. For example, she is quite confident that instructor wages were very tightly controlled in July, but the report shows an unfavorable variance. The planning budget was developed using the following formulas, where q is the number of lessons sold: Cost Formulas Revenue $230q Instruct
or wages $60q Aircraft depreciation $40q Fuel $17q Maintenance $550 + $11q Ground facility expenses $1,450 + $4q Administration $3,300 + $3q Required: 2. Complete the flexible budget performance report for the school for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
Read the following case study:
Swan is a 14-year-old student at the Sea-Cow School for the Performing Arts. Her goal in life is to be a world-acclaimed ballet dancer. She has been dancing ever since she was 4 years old, when her parents enrolled her in a Ballet for Tots program. Swan’s parents have always encouraged her to pursue her dream of dancing professionally. As a young girl, Swan had the perfect body for a ballet dancer, slim and flexible. Within the last year, Swan has become concerned that she is gaining weight. She heard from friends that smoking cigarettes could help her stay thin, although she didn’t exactly know why. Swan became desperate to control her weight and started borrowing cigarettes from friends. Eventually, she was smoking almost a pack of cigarettes a day and felt edgy and irritable if she went without smoking for more than a few hours. She thought about trying diet pills or even barbiturates to avoid the smell of the cigarette smoke.
Swan’s parents have approached you, the school counselor, because they found rolling papers in her room. Although Swan denies using any other drugs, her parents are convinced that she has been smoking marijuana. 1.) How would you approach this as case as a school counselor? 2.) Do you think Swan is at risk for addiction? 3.)What questions would you ask Swan and/or her parents? 4.)What recommendations would you make?
In: Chemistry