Questions
You have been asked by the head of marketing to design an instrument by which your...

You have been asked by the head of marketing to design an instrument by which your private, for-profit school can evaluate the quality and value of its various curricula and courses. How might you try to ensure that your instrument has:
a Stability?
b Equivalence?
c Internal consistency?
d Content validity?
e Predictive validity?
f Construct validity?

In: Operations Management

1. Investment Payback Period. Cynthia is 27 years old with a college degree and is interested...

1. Investment Payback Period. Cynthia is 27 years old with a college degree and is interested in returning to school to earn a graduate degree in nursing which will take 4 years working part time while attending school in evenings. She currently earns $48,000 per year as a nursing administrator. If she cuts her job to part time as a nursing administrator, she will earn $20,000 per year. She will use student loans to fund the costs each year of tuition, books and fees, expected to be $11,000 per year for a part time student and will have an additional $2,000 per year in household expense loans on her credit card. Cynthia believes she can increase her income by $24,000 per year after graduation. Use an investment payback table to determine Cynthia’s Investment Payback Period.

15

Work:

Investment Payback Period

Expense Item

Amount

Lost-Income

Household Expense Loans

College Tuition, books and fees

Total Costs

Increase in Income

Payback Period

In: Finance

The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner,...

The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell sweatshirts bearing the name and mascot of the local high school. These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $23.00 each with a minimum order of 240 sweatshirts. Any additional sweatshirts would have to be ordered in increments of 50. Since Hooper’s plan would not require any additional facilities, the only costs associated with the project would be the costs of the sweatshirts and the costs of the sales commissions. The selling price of the sweatshirts would be $46.00 each. Hooper would pay the students a commission of $5.00 for each shirt sold. Required: 1. What level of unit sales and dollar sales is needed to attain a target profit of $10,800? 2. Assume that Hooper places an initial order for 240 sweatshirts. What is his break-even point in unit sales and dollar sales?

In: Accounting

The first six exercises refer to the table of estimated regressions on page 246, computed using...

The first six exercises refer to the table of estimated regressions on page 246, computed using data for 2012 from the CPS. The data set consists of information on 7440 full-time, full-year workers. The highest educational achievement for each worker was either a high school diploma or a bachelor’s degree. The workers’ ages ranged from 25 to 34 years. The data set also contains information on the region of the country where the person lived, marital status, and number of children. For the purposes of these exercises, let

AHE = average hourly earnings (in 2012 dollars)
College = binary variable (1 if college, 0 if high school)
Female = binary variable (1 if female, 0 if male)
Age = age (in years)
Ntheast = binary variable (1 if Region = Northeast, 0 otherwise) Midwest = binary variable (1 if Region = Midwest, 0 otherwise) South = binary variable (1 if Region = South, 0 otherwise)
West = binary variable (1 if Region = West, 0 otherwise)

7.1 Add * (5%) and ** (1%) to the table to indicate the statistical significance of the coefficients.

In: Economics

3. A granary allocates the cost of unprocessed wheat to the production of feed, flour, and...

3. A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased for $230,000, and the following quantities of product and sales revenues were produced.

Product Pounds Price per Pound
Feed 116,250 $ 0.80
Flour 77,500 2.20
Starch 31,000 1.50


How much of the $230,000 cost should be allocated to flour if the value basis is used?

6.

Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled, while maintenance and utilities are allocated per square feet of the classrooms. Based on the information below, what is the total amount allocated to the Welding Department (rounded to the nearest dollar) if administrative costs for the school were $66,000, maintenance fees were $28,000, and utilities were $7,600?

Department Students Classrooms
Electrical 100 15,600 sq. ft.
Welding 75 20,800 sq. ft.
Accounting 50 10,400 sq. ft.
Carpentry 25 5,200 sq. ft.
Total 250 52,000 sq. ft.

In: Accounting

Your choices are: a.     Sole Proprietorship b.    Joint Venture c.     Partnership d.    Limited Partnership e.     Limited Liability

Your choices are:

a.     Sole Proprietorship

b.    Joint Venture

c.     Partnership

d.    Limited Partnership

e.     Limited Liability Company

f.     Corporation

Freda is a stay-at-home mom whose youngest child just started first grade. Freda would like to earn extra money while her kids are at school. She wants a flexible schedule because she likes being available to volunteer at the school when needed. While searching the Internet, Freda discovers Sugar-Girl, a cosmetic company that will sell her cosmetics at a reduced rate and allow her to resell them to friends and neighbors for a maximum profit of 15%. Any cosmetics Freda does not sell after six months may be returned for a full refund. After doing her due diligence, Freda learns that the company is very respected, the product (which is not tested on animals) has a good reputation, and that 54% of the “sales” people, report an annual profit margin of 12.5%. Freda would like to become a “Sugar-Girl.” What type of business structure would be best for Freda and why?

In: Accounting

Sonia is 9 years old, and she reports feeling lonely all the time. She seems to...

Sonia is 9 years old, and she reports feeling lonely all the time. She seems to be isolated from her peers and reports feeling different from everyone around her. She says that she does not like the feeling of being vulnerable and has a hard time opening up to others. She reports hating school and only wants to stay at home with her mother. She cries every morning when her mother gets her ready for school. She will also cry each time the teacher indicates that the next upcoming subject is math. Sonia's parents are concerned for their daughter and are unable to ask for assistance because of a language barrier.

Identify the challenges that the student, family, or individual client may be experiencing, based on your specialization.

Identify any psychosocial conflicts that may be present and the transitions related to middle childhood that may be considered.

Choose one theory of personality development and explain how that theory helps you understand this student's behavior.

Describe specific ways of helping the student, family, or individual client from your professional perspective.

In: Psychology

Scott and Allison are married and file a joint tax return. Scott is a graduate student...


Scott and Allison are married and file a joint tax return. Scott is a graduate student who works part time and earned $15,000 in 2015. He is not eligible to participate in his employer’s retirement plan because he is a part-time worker. Allison is a high school teacher who earned $60,000 in 2015 and is an active participant in the school district’s retirement plan. Assume you are a financial planner and the couple asks for your advice. Based on the preceding facts, answer each of the following questions.

a. Is Scott eligible to establish and deduct contribu-tions to a traditional IRA? Explain your answer.

b. Is Allison eligible to establish and deduct contributions to a traditional IRA? Explain your answer.
c. Assume that Scott graduates and the couple’s modi-fied adjusted gross income is $130,000 in 2015. Both Scott and Allison participate in their employers’ retirement plans. Can either Scott or Allison, or both, establish a Roth IRA? Explain your answer.
d. Explain to Scott and Allison the advantages of a Roth IRA over a traditional IRA.

In: Accounting

Reflecting on resources you locate in the professional literature, consider the types of career-planning information and...

Reflecting on resources you locate in the professional literature, consider the types of career-planning information and resources you might draw from when exploring career-related issues with clients and students.

For this discussion, imagine that you are working with a 17-year-old adolescent and his family. They have come to see you because the teen is not attending school regularly and states that he intends to drop out because school is boring and he wants to start working and be treated like an adult. His parents state that they are willing to treat him like an adult if he prepares for his future appropriately and can demonstrate that he will be able to find a job he enjoys and earn enough income to support himself. He is not sure what kind of career path he would like to follow and would consider vocational training.

1) As the counselor, what knowledge about career and educational planning do you need to begin your work with this teen?

2) How would you go about locating resources that would be helpful for the teen and his family?

In: Psychology

> Toastmasters International cites a report by Gallup Poll that 40% of Americans fear public speaking....

> Toastmasters International cites a report by Gallup Poll that 40% of Americans fear public speaking. A student believes that less than 40% of students at her school fear public speaking. She randomly surveys 361 schoolmates and finds that 144 report they fear public speaking. Conduct a hypothesis test at the 5% level to determine if the percent at her school is less than 40%.

> Note: If you are using a Student's t-distribution for the problem, you may assume that the underlying population is normally distributed. (In general, you must first prove that assumption, though.)
> A. State the distribution to use for the test. (Round your answers to four decimal places.)
> B. What is the test statistic? (If using the z distribution round your answers to two decimal places, and if using the t distrib
> C. What is the p-value? (Round your answer to four decimal places.)
> D. Construct a 95% confidence interval for the true proportion. Label the point estimate and the lower and upper bounds of the confidence interval. (Round your answers to four decimal places.)

In: Statistics and Probability