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.

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.

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?

Create Dummy variables for the 12 months of the year.

Which months have the most substantial effect on Sales? Provide analysis output

We use the t distribution to construct a confidence interval for the population mean when the underlying population standard deviation is not known. Under the assumption that the population is normally distributed, find tα∕2,df for the following scenarios. Use Table 2. (Round your answers to 3 decimal places.) tα/2,df a. A 90% confidence level and a sample of 9 observations. b. A 95% confidence level and a sample of 9 observations. c. A 90% confidence level and a sample of 27 observations. d. A 95% confidence level and a sample of 27 observations.