Classifying Relevant and Irrelevant Items
The law firm of Hannan, Taylor, and Masteller has been asked to represent a local client. All legal
proceedings will be held out of town in Boston.
Required
The law firm’s accountant has asked you to help determine the incremental cost of accepting this client.
Classify each of the following items on the basis of their relationship to this engagement. Items may
have multiple classifications.
Relevant costs Irrelevant costs
Opportunity Outlay Outlay Sunk
1. The case will require three attorneys to stay four
nights in a Boston hotel. The predicted hotel bill
is $2,400.
2. Hannan, Taylor, and Masteller’s professional staff
is paid $2,000 per day for out-of-town assignments.
3. Last year, depreciation on Hannan, Taylor, and
Masteller’s office was $25,000.
4. Round-trip transportation to Boston is expected to
cost $250 per person.
5. The firm has recently accepted an engagement that
will require partners to spend two weeks in Chi-
cago. The predicted out-of-pocket costs of this trip
are $8,500.
6. The firm has a maintenance contract on its com-
puter equipment that will cost $2,200 next year.
In: Accounting
You are a database designer and data analyst working for the hypothetical employer, Park University. The University over the last few years has provided faculty and staff needed technology to support various job functions but is having some trouble tracking such technology to ensure the program is cost-effective. In other words, the University Controls Department is having difficulty locating inventories and associated invoicing information. With the lack of this important information, the University Controls department has a very difficult time locating and tracking released technology which has the intended purpose of being an asset to assigned employees and departments.
The University Controls department has a Technology Asset Management System currently designed and implemented using Microsoft Access; however, the Chief Information Officer (CIO) of Park University needs some ideas of possible reasons the current Technology Asset Management System designed in Microsoft Access is not currently tracking technology assets as intended.
In a memo style response to the Chief Information Officer (CIO), share-based on your knowledge learned about databases using experience and research, some possible and or hypothetical reasons why the existing database, in this case, is not working as intended?
In: Computer Science
Subject: Cognitive Psychology
Scenario:
Recall a favorite vacation/trip. Someone wants to visit the same location. As a first time traveler, they are very apprehensive and your information may help ease the fear. S/he or they want to know specific details about the following: travel to that destination, the hotel you stayed at, your favorite restaurant(s), and popular venues from that destination. They also want to know the distance from the hotel to each restaurant and venue, to plan accordingly.
S/he requests that you draw out a map of the environment When remembering your vacation details for your friend, incorporate the information below in your response. Please define terms in your own words (do not copy and paste) using complete sentences
Components:
Describe the complexity of the problem. How did you use visual and auditory imagery to help resolve the problem? How did you use cognitive mapping to resolve the problem? What types of problem-solving approaches did you attempt in solving the problem? How will you apply visual and auditory imagery to problems in the future?
In: Psychology
Sheila's measured glucose level one hour after a sugary drink varies according to the Normal distribution with μμ = 130 mg/dl and σσ = 15 mg/dl. What is the level L such that there is probability only 0.15 that the mean glucose level of 4 test results falls above L?
L=
A study of the career paths of hotel general managers sent questionnaires to an SRS of 210 hotels belonging to major U.S. hotel chains. There were 88 responses. The average time these 88 general managers had spent with their current company was 12.7 years. (Take it as known that the standard deviation of time with the company for all general managers is 3.6 years.)
(a) Find the margin of error for an 85% confidence interval to estimate the mean time a general manager had spent with their current company: years
(b) Find the margin of error for a 99% confidence interval to estimate the mean time a general manager had spent with their current company: years
(c) In general, increasing the confidence level the margin of error (width) of the confidence interval. (Enter: ''DECREASES'', ''DOES NOT CHANGE'' or ''INCREASES'', without the quotes.)
In: Math
Use the following table of states of the economy and stock returns to calculate the expected return on a portfolio of 50 percent Roten and the rest in Bradley.
|
Security if State |
Returns Occurs |
||
| Prob of State of Economy | Roten | Bradley | |
| Bust | 0.3 | -7% | 31% |
| Boom | ? | 49 | 13 |
In: Finance
Directly using mathematical expression, DO NOT USE the built-in Python functions, evaluate the binomial function for n = 20, p = 3/8. Make sure you plot your results (Remember the the binomial distribution is discrete)
In: Computer Science
In: Statistics and Probability
Please provide Python 3.7 implementation of Graph ADT using in-built structure List only (not using dict).
Basic structure of graph will be:
Node = []
Edges = [ [ ] , [ ] ]
Also provide method to print the graph along with all path
In: Computer Science
In: Computer Science
Once a power plant is built, what sources of uncertainty can the plant owner face that might influence its annual profits? Organize your answer in terms of sources of uncertainty that can impact a) costs; and b) revenues.
In: Economics