Scientists at the University of Massachusetts at Amherst have used a bacterial organism, known as Geobacter species, in a fuel cell to generate electricity. Describe, in detail, the principle and process of electrical energy generation from bacterial fuel cell. Also include in the discussion major advantages and limitations of bacterial fuel cells.
In: Chemistry
Consider the market for tutoring at a university. If the price
of tutoring increases, which of the following occur?
A. The demand for tutoring increases B. The demand for tutoring
decreases C. The quantity demanded for tutoring increases D. The
quantity demanded for tutoring decreases
4. Consider the market for tutoring at a university. If
enrollment at the university increases, which of the following
occur?
A. The demand for tutoring increases B. The demand for tutoring
decreases C. The quantity demanded for tutoring increases D. The
quantity demanded for tutoring decreases
In: Economics
Hi,
One definition of sustainable business is "Sustainable business, or green business, is an enterprise that has minimal negative impact on the global or local environment, community, society, or economy. Often, sustainable businesses have progressive environmental and human rights policies". The university has often been recognized for its efforts for sustainability. In what ways do you think the university strives for sustainability? In what areas could the university do better in this regard?
Thank you
In: Economics
For 40 days in the summer, you are working in a small, student-run company that sends out merchandise with university branding to alumni around the world. Every day, you take a sample of 50 shipments that are ready to be shipped to the alumni and inspect them for correctness. Across all days, the average percentage of incorrect shipments is 5 percent. What would be the center line for a p-chart?
40
50
0.05
2.5
None of the above
In: Other
|
Prisoner |
Willing-ness |
Days Served |
(x-xbar) |
(y-ybar) |
(x-xbar)^2 |
(y-ybar)^2 |
(x-xbar)* (y-ybar) |
|
Jake |
20 |
4 |
9 |
-20 |
81 |
400 |
-180 |
|
Jason |
3 |
65 |
-8 |
41 |
64 |
1681 |
-328 |
|
Sarah |
10 |
20 |
-1 |
-4 |
1 |
16 |
4 |
|
Don |
11 |
9 |
0 |
-15 |
0 |
225 |
0 |
|
Dean |
18 |
7 |
7 |
-17 |
49 |
289 |
-119 |
|
Joan |
4 |
39 |
-7 |
15 |
49 |
225 |
-105 |
|
Sum |
66 |
144 |
0 |
0 |
244 |
2836 |
-728 |
|
Mean |
66/6=11 |
144/6=24 |
Variance==> |
244/5=48.8 |
2836/5=567.2 |
||
|
Median |
10.5 |
14.5 |
Standard Deviation=> |
0.9946 |
586.7881 |
||
Mean of the Willingness score tells us:
Median of the Days Served tells us:
Variance of the willingness score tell us:
Standard Deviation of the days served tells us:
While try to find the relationship of these two variables,
Which one is the dependent variable?
Which one is the independent variable?
What is the Sample Covariance?
What is the sample coefficient of correlation (r) and what does this tell us?
What is the Coefficient of Determination (R2) and what is this telling us?
What is the Slope coefficient (b1) and what is this telling us?
What is the y-intercept (b0) and what is this telling us?
From the above measures, particularly your r and R2, can you say that the low scores of the willingness will cause the prisoner serving more days in Jail? Why or why not?
In: Statistics and Probability
Assume the US market of sunflower oil was described by the following domestic supply and demand equations:
QDUS = 8000 – 4 P
QSUS = -2000 + 6 P
where QDUS and QSUS represent the quantities demanded and supplied (in tons) and P is the price per ton of sunflower oil (in $).
4) Now add this information:
In 2008, China entered into the World Trade Organization and became the largest importer of US sunflower oil. Assume the Chinese import demand for sunflower oil from the US in 2008 was
QDCHINA = 20000 – 10 P
1) What was the market (equilibrium) price of sunflower oil?
2) Using your work in question 1, what was the market (equilibrium) quantity of sunflower oil?
3) Using your work in questions 1 and 2, what were revenues for the suppliers of sunflower oil?
4) Given this information, what was the new equilibrium price of sunflower oil in 2008? (Hint: what is the total demand for US sunflower oil?)
5) Given the price you calculated in the previous question, what was the equilibrium total quantity demanded?
6) Given your answers in the previous 2 questions, how much of the new equilibrium quantity was consumed in the US (i.e., US quantity demanded given the new equilibrium price)?
7) Given your answers in the previous three questions, how much sunflower oil did China purchase from US producers? (i.e., China quantity demanded)
8) Given your calculations in questions # 4 and #5, what were US sunflower oil producer revenues?
*only need help with the bolded questions
In: Economics
Match each scenario with the SINGLE MOST appropriate test. Each answer choice may be used once, more than once, or not at all. Assume all data collection is by random sampling unless the question suggests otherwise.
|
|
In: Statistics and Probability
Outback Outfitters is a manufacturer of recreational equipment. It has been experiencing an average growth rate of 20% in sales over the past 5 years. It is August 31 and the financial controller has just prepared the company’s budgeted income statement for next year. The company has no sales force of its own and outsourcing its selling and marketing functions to an independent sales agents. The commission paid to the agent is 12% on sales for all the different products the company sold. The statement follows:
|
Outback Outfitters |
||
|
Budgeted Income Statement |
||
|
For the Year Ended December 31 (in thousand dollars) |
||
|
Sales |
$100,000 |
|
|
Manufacturing expenses: |
||
|
Variable |
$40,000 |
|
|
Fixed overhead |
20,000 |
60,000 |
|
Gross margin |
40,000 |
|
|
Selling and administrative expenses: |
||
|
Commissions to agents |
12,000 |
|
|
Fixed marketing expenses |
1,000 |
|
|
Fixed administrative expenses |
12,000 |
25,000 |
|
Net operating income |
$15,000 |
|
When the financial controller handed the statement to the CEO, the CEO informed the controller that the sales agent demanded an increase in the commission rate to 16% next year to cover the increasing expenses in marketing and selling the products of Outback Outfitters.
The CEO concerns that the sales agent might ask for further increase in the commission rate in the future and would like to set up its own sales team. He asks the help of the financial controller and he gathers the following information for setting up the sales team:
Commission rate to own sales team 8%
|
Annual salaries paid to sales manager |
$ 600,000 |
|
Annual salaries paid to salespersons |
3,600,000 |
|
Travel and entertainment |
2,400,000 |
|
Advertising |
4,000,000 |
|
Total additional fixed expenses |
$10,600,000 |
Required:
a. Prepare a contribution margin income statement for next year at the 16% commission rate.
b. Calculate the contribution margin ratio and break-even in dollar sales for next year assuming:
(1) Commission rate remains at 12%.
(2) Commission rate is increased to 16%.
c. Determine the volume of sales under 16% commission rate that would be required to generate the same net operating income under the 12% commission rate. Compute the margin of safety percentage under 16% commission rate.
d. Calculate the contribution margin ratio, break-even dollar sales and margin of safety if the company employs its own sales team.
e. Determine the volume of sales at which the net operating income would be equal regardless of whether the company sells through agents at 16% commission rate or employs its own sales team.
f. What is meant by the term operating leverage? Calculate the degree of operating leverage that the company would expect to have for next year assuming the company (1) sells through agents at 16% commission rate and (2) employs its own sales team.
g. Based on the data in (a) through (f) above, make a recommendation as to whether the company should continue to use sales agent (at 16% commission rate) or employ its own sales team. Give reasons for your answer.
In: Accounting
At December 31, 2017, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Category Plant Asset Accumulated Depreciation and Amortization Land $ 168,000 $ — Buildings 1,150,000 321,900 Machinery and equipment 775,000 310,500 Automobiles and trucks 165,000 93,325 Leasehold improvements 202,000 101,000 Land improvements — — Depreciation methods and useful lives: Buildings—150% declining balance; 25 years. Machinery and equipment—Straight line; 10 years. Automobiles and trucks—150% declining balance; 5 years, all acquired after 2014. Leasehold improvements—Straight line. Land improvements—Straight line. Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2018 and other information: On January 6, 2018, a plant facility consisting of land and building was acquired from King Corp. in exchange for 18,000 shares of Cord's common stock. On this date, Cord's stock had a fair value of $40 a share. Current assessed values of land and building for property tax purposes are $136,000 and $544,000, respectively. On March 25, 2018, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $150,000. These expenditures had an estimated useful life of 12 years. The leasehold improvements were completed on December 31, 2014, and had an estimated useful life of eight years. The related lease, which would terminate on December 31, 2020, was renewable for an additional four-year term. On April 30, 2018, Cord exercised the renewal option. On July 1, 2018, machinery and equipment were purchased at a total invoice cost of $318,000. Additional costs of $12,000 for delivery and $43,000 for installation were incurred. On August 30, 2018, Cord purchased a new automobile for $11,800. On September 30, 2018, a truck with a cost of $23,300 and a book value of $7,800 on date of sale was sold for $10,800. Depreciation for the nine months ended September 30, 2018, was $1,755. On December 20, 2018, a machine with a cost of $13,500 and a book value of $2,800 at date of disposition was scrapped without cash recovery. Required: 1. Prepare a schedule analyzing the changes in each of the plant asset accounts during 2018. Do not analyze changes in accumulated depreciation and amortization. 2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2018.
In: Accounting
At December 31, 2020, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows:
| Category | Plant Asset |
Accumulated Depreciation and Amortization |
|||||
| Land | $ | 174,000 | $ | — | |||
| Buildings | 1,450,000 | 327,900 | |||||
| Equipment | 1,075,000 | 316,500 | |||||
| Automobiles and trucks | 171,000 | 99,325 | |||||
| Leasehold improvements | 214,000 | 107,000 | |||||
| Land improvements | — | — | |||||
Depreciation methods and useful lives:
Buildings—150% declining balance; 25 years.
Equipment—Straight line; 10 years.
Automobiles and trucks—200% declining balance; 5 years, all
acquired after 2017.
Leasehold improvements—Straight line.
Land improvements—Straight line.
Depreciation is computed to the nearest month and residual values
are immaterial. Transactions during 2021 and other
information:
Required:
1. Please help me make a schedule analyzing the
changes in each of the plant asset accounts during 2021. Do not
analyze changes in accumulated depreciation and amortization.
2. For each asset category, help me make a
schedule showing depreciation or amortization expense for the year
ended December 31, 2021. Thanks
In: Accounting