Questions
Oscar Tame is the CEO of AnyDoppler Inc. His company manufactures ultra-thin speaker pads. Each pad...

Oscar Tame is the CEO of AnyDoppler Inc. His company manufactures ultra-thin speaker pads. Each pad has a wire that can connect to an iPod. The pad can be placed on any surface (e.g. wall, table or window) and utilizes the material properties of the surface to turn it into a speaker that transmits sound when activated. Oscar hired a plant manager, Sybil Vain, to oversee factory operations. He pays her an annual salary of $100,000. Factory rent amounts to $30,000 per year. During the year, Sybil purchased $500,000 worth of factory capital assets. There are 25 assembly line workers who work 8 hours a day, for 4 days a week, for 50 weeks a year at $30 per hour. The factory has a high-tech inventory system that is able to trace raw materials to each finished good accurately and inexpensively. During the year, the factory used $350,000 worth of raw materials to produce the speaker pads. Depreciation of the factory equipment amounted to $15,000 and factory electricity expenses amounted to $10,000. At the beginning of the year, Oscar purchased three company cars for the sales team. Each car cost the company $45,000. The depreciation on these cars amounted to $5,000 for the year. During the year, Oscar spent $400,000 on marketing campaigns. Oscar was paid $200,000 for the year and paid his receptionist $45,000 per year.

a) Calculate AnyDoppler’s product and period costs. Explain your reasons for identifying costs as either product or period costs.

b) Calculate AnyDoppler’s direct costs and indirect manufacturing costs. Provide explanations.

In: Accounting

The following data set shows the entrance exam score​ (Verbal GMAT) for each of eight MBA...

The following data set shows the entrance exam score​ (Verbal GMAT) for each of eight MBA students along with his or her grade point average​ (GPA) upon graduation. Calculate the slope and​ y-intercept for the linear regression equation for these data.

Calculate the slope and​ y-intercept for the linear regression equation for these data

GMAT   GPA
310   3.6
300   2.9
260   3.1
290   3.1
340   3.9
270   3.1
290   3.7
310   3.1

In: Statistics and Probability

********NEEDS TO BE IN EASSAY TYPE FORMAT AND NO MORE THAN 500 WORDS !!! i will...

********NEEDS TO BE IN EASSAY TYPE FORMAT AND NO MORE THAN 500 WORDS !!! i will give a thumbs up... also no plagerism we submit this through a database!!!!********* Develop an essay response of no more than 500 words to the following: (1) Concept of balancing the "me" with the "we;" (2) Ways self-leadership can be applied to personal problems, and thus personal development; (3) Why should a MBA student be concerned with these topics? (4) How does the outcome of your self-assessment relate to these topics?

In: Psychology

Assume that on December 1, 2020, Lee Dunbar organizes a sole proprietorship company that will be...

Assume that on December 1, 2020, Lee Dunbar organizes a sole proprietorship company that will be known as App Solutions. App Solutions will initially perform 2 activities: Application Consulting and Programming.

The following transactions take place during the month of December:

Dec. 1   To start the business, Lee deposits $50,000 into the App Solution’s bank account.

Dec. 1   Web Solutions purchased a small office building for $220,000, paying $20,000 cash, and assuming a mortgage with a bank for the rest.

Dec. 1   Purchased supplies on account for $1,350.

Dec. 2   Received $7,500 cash for Application Consulting to be provided to customers in December.

Dec. 2   Paid a premium of $2,400 on a comprehensive insurance policy covering liability, theft, and fire. The policy covers a 1 year period, to November 30, 2020.

Dec. 2   Paid rent for the month of December, $1,800.

Dec. 3   Received an offer from a local retailer to rent the ground floor of the small office building purchased on Dec. 1st. App Solutions received $3,600 for three months’ rent beginning December 1st.

Dec. 4   Purchased computer equipment on account from Executive Supply Co. for $3,600.

Dec. 6   Paid $180 for a newspaper advertisement, to be run immediately.

Dec. 11 Paid creditors $400 for the Dec. 1st supplies purchase.

Dec. 15 Paid a receptionist and part-time assistant $1,950 each for wages for first half of December.

Dec. 16 Received $3,100 from Programming fees earned for a completed Web site.

Dec. 16 Completed work for prepaid Application Consulting from Dec. 2.

Dec. 20 Paid $1,800 to Executive Supply Co. on the debt owed from the December 4th transaction.

Dec. 21 Received $650 cash from customers for Application Consulting performed in the last few days.

Dec. 23 Purchased $1,450 of supplies by paying $550 in cash and charging the remainder on account.

Dec. 27 Paid the receptionist and the part-time assistant $1,950 each for wages for second half of December.

Dec. 31 Paid telephone for the month of December, $250.

Dec. 31 Paid $225 electricity bill for December.

Dec. 31 Received $2,870 cash from Application Consulting completed the last few days of December.

Dec. 31 Recognized Programming fees earned by not paid of $1,120 from the second half of December.

Dec. 31 Lee withdrew $3,000 from the company bank account for his own personal use.

Instructions (50 Marks in total):

  1. Prepare the Documentation and Chart of Accounts worksheets .
  2. Prepare journal entries in the General Journal for App Solutions for December. Do not make any adjustments for the month of December .
  3. Post the journal entry amounts to T-accounts .
  4. Create an Unadjusted Trial Balance for App Solutions for December 31, 2020 .

Please Note:     Do not apply any adjustments for the month of December 2020.

Use an Excel Spreadsheet file with five worksheets:

            First worksheet:            Documentation

Second worksheet:        Chart of Accounts.

Third worksheet:           General Journal.

Fourth worksheet:        T-Accounts.

Fifth worksheet:            Unadjusted Trial Balance.

In: Accounting

Consider two employers and their respective optimal turnover policies. The first is a biology department in...

Consider two employers and their respective optimal turnover policies. The first is a biology department in a research university. To increase the ranking of the department, professors must publish in top journals and win large grants from the NIH (which has a low funding rate). The second is a large chain of department stores which hire retailers and managers to work the cash register and make clothing recommendations for customers based on the store’s current inventory. a) Which employer should aim for relatively high turnover? Give at least two reasons to support your claim. Department of Economics Professor Frank University of Iowa Spring 2018 b) Which employer should aim to reduce turnover? Give at least two reasons why.

In: Economics

Market equilibrium occurs when the amount of people that are willing to buy equals the amount...

Market equilibrium occurs when the amount of people that are willing to buy equals the amount of people that are willing to sell. A steadfast tenant in economics. As students here at Post let’s surmise that right now Post is at market equilibrium. We have enough Instructors to match the number of students. However, two scenarios occur; first, student enrollment falls, so Post decides it must now raise tuition. Not good…. Or, enrollment increases! And Post decides to, you guessed it, increase tuition. Why in each scenario would the University raise tuition and, why should tuition NOT be raised, in either scenario? Talk to this from both your point of view as well as if you were on the Board of Directors for the University. What’s the right thing to do, and why???

In: Economics

Suppose the demand and supply curves for units of university credits are given by the following...

Suppose the demand and supply curves for units of university credits are given by the following equations: Q D = 5400 − 2P Q S = 3P − 400 where QD is the quantity of credits demanded, QS is the quantity supplied, and P is the price charged for each unit in dollars. (a) (3 points) What is the free-market equilibrium Price and Quantity. (b) (3 points) Suppose that the government wants to make education more accessible and therefore passes a regulation that says no university can charge more than $800 per credit. What is the new equilibrium Price and Quantity? (c) (4 points) Calculate the shortage or surplus generated by this government policy. Show it on graph. Include your answers from part (a) and (b) on the graph.

In: Economics

1. A university has 10,000 students of which 45% are male and 55% are female. If...

1. A university has 10,000 students of which 45% are male and 55% are female. If a class of 30 students is chosen at random from the university population, find the mean and variance of the number of male students. Group of answer choices Mean = 16.5, Variance = 2.7 Mean = 13.5, Variance = 2.7 Mean = 16.5, Variance = 7.4 Mean = 13.5, Variance = 7.4

2. At a particular hospital, 40% of staff are nurse assistants. If 12 staff members are randomly selected, what is the probability that exactly 4 are nurse assistants?

3. Let X be a binomial distribution with n = 20 and p = .4 then the variance is

4.

Find the mean of the distribution shown below.

X

2

3

4

P(X)

0.36

0.48

0.16

In: Statistics and Probability

A university provides an opportunity for members to take part in training about how to respond...

A university provides an opportunity for members to take part in training about how to respond to students’ questions. University managers believes that less than 60% of the members took part in the training. You are asked to examine whether there is any evidence to support this claim. You have surveyed 25 members and found that 17 of them have been benefited from the training.

Write down the null and alternative hypotheses in words.

Null hypothesis:
Alterative hypothesis:

State the direction of the test you are conducting and explain why you have chosen this test.

Using a level of significance (α) of 1%, determine the critical value(s).

Determine your decision rule (drawing a diagram on a paper may be helpful).

Calculate your test statistic.

In: Statistics and Probability

Academic drops have been a concern for university administration due to the negative impact they have...

Academic drops have been a concern for university administration due to the negative impact they have on graduation rates and consequently the image of the university.

The Management Department has collected the data for 10 semesters with the following results:

Academic drops from the last 20 to 10 semesters have been:

10, 7, 8, 9, 8, 6, 10, 12, 8, 10.

Has the Management Department seen a significant change in the number of academic drops over the last 5 years?

                     

              b.    The 10 most recent semesters of sample data are: 5, 6, 8, 4, 2, 4, 3, 4, 3, 2.

              

              c.    Based on your evaluation of these data should the Management Department change their program to lower academic drops?

In: Statistics and Probability