Managerial Accounting is concerned with providing information to managers so they may make business decisions that satisfy customers while continuously monitoring costs and improving efficiencies. Some reports provide timely updates on key indicators while others investigate problems such as declined profitability.  

Please list a report or activity you learned about in Managerial Accounting which has impacted a company, either positively or negatively. You must include an article or media source to support your discussion. The article must have a publish date within the past 3 months.

BUSINESS STATISTICS

Touring a Process. Select a place of your choice (e.g. supermarket, doctor’s office, library, Post Office, department store, etc. BUT don't use a restaurant) and observe one or more key processes, the associated suppliers, inputs, process steps, outputs, customers, the measurement systems, and how the measurements are used to manage and improve the process. Report your findings as a document. Include these items:

1. Company visited

2.Process observed

3. SIPOC elements

4. Process measurements

5. Process management systems used

BUSINESS STATISTICS

Touring a Process. Select a place of your choice (e.g. supermarket, doctor’s office, library, Post Office, department store, etc. BUT don't use a restaurant) and observe one or more key processes, the associated suppliers, inputs, process steps, outputs, customers, the measurement systems, and how the measurements are used to manage and improve the process. Report your findings as a document. Include these items:

1. Company visited

2.Process observed

3. SIPOC elements

4. Process measurements

5. Process management systems used

An online education company is considering selling a new online course for $450. They want to know if their existing customers would be willing to pay that amount, so they randomly sample 20 of their existing customers and ask them what they would be willing to pay. Among the responses, the average is $420, and the SD is $60. A histogram of the samples approximately follows the normal curve. In this problem we will conduct a t-test for the null hypothesis that the average response among all existing customers is $450, versus the alternative hypothesis that the average response among all existing customers is less than this.

(a) Under the null hypothesis, the sample average is expected to be $___________. The 
standard error is estimated to be $___________. 
 
 
 


(b) The t-test statistic is __________. 


(c) The p-value is ___________________________________________. (Give a range of values.) 


(d) Our conclusion is (circle one) reject the null hypothesis OR don’t reject the null hypothesis.

Valuing a Stock with Three-Stage Dividend Discount Model Mocha-Cola In the morning of Tuesday, January 3rd 2004, Robert Smart, a security analyst at Armani Investment was reviewing the 2003 financial statements of Mocha-Cola as requested by one of their most important clients, Mr. Jin Qian. Mr. Jin Qian has accumulated a significant amount of wealth through Armani’s recommendations in the past and now he was interested in investing a sizeable amount of his wealth into Mocha-Cola stocks. Mocha-Cola, the world famous soft drink company, was able to increase its market value consistently over the last several decades. While Mocha-Cola’s growth in the domestic soft drink market has leveled off in the past few years due to aggressive marketing campaigns of its competitors (especially by TipsyCola), the analysts expect that the firm will continue to expand thanks to the introduction of new products and increased demand for Mocha-Cola products by international markets. The initial analyses carried by Robert Smart revealed that Mocha-Cola reported earnings per share of $3.00 in 2003, and paid dividends per share of $0.75. Mr. Smart asked his assistant, Paul Brook, to gather further information on Mocha-Cola as reported by other analysts. Paul’s summary of analyst reports indicated that Mocha-Cola’s earnings would grow at their extraordinary level of 20% at least for the next five years (from 2004 to 2008). While Mr. Smart concurs with this expectation, he thinks that it should decline linearly each year after the high growth period to a stable growth rate of 5% in 2013 due to severe competition in the soft-drink industry. Paul Brook also noted that according to analysts’ reports payout ratio was expected to remain unchanged from 2004 to 2008, after which it would increase each year equally to reach its steady state value of 80% in 2013. By the end of the day, Mr. Smart was already tired and overwhelmed with the amount of information accumulated. He asked Paul to calculate the stock price of MochaCola by using three-stage dividend discount model and assuming a 15% required rate of return. The results were expected to be ready for presentation by 10:00 a.m. on Wednesday. While Paul was very proficient in terms of putting necessary inputs together as he did in this task, he had never actually run the three-stage dividend discount model on his own. He took another sip from his coffee and got ready to prepare a full, fresh pot that he was going to need for the rest of the night.

Please show excel formulas !

Let’s say that you purchased a house in January 2005 for $375,000 when Case-Shiller stood at 135.46, and noted that the Index had climbed to 165.33 one year later. Assuming that the trend continued at the same rate, compounded yearly, what would you have been able to re-sell the property for in January 2012?

Payments on a Jan. 1, 1995 40,000 loan are as follows:

1/1/96: 5,000
1/1/97: 5,000
1/1/98: 5,000
On July 1, 1998 an additional 10,000 is paid on the loan and no more payments are made.

If d(4)=0.1 how much is owed on the loan on Jan. 1, 2005?

At the Bank of California, past data show that 19% of all credit card holders default at some time in their lives. On one recent day, this bank issued 11 credit cards to new customers. Find the probability that of these 11 customers at most 3 credit card holders will default.

At a local coffee house, 80% of coffee buyers will choose regular coffee, and
20% will choose decaf.
A. Out of the next 5 customers, what is the probability that 3 will choose decaf coffee?
B. Out of the next 20 customers, what is the probability that at least 10 will choose decaf
coffee?