Identify the main users of accounting information for a university.
In: Accounting
financial risks in university and students against ncovid
In: Finance
How to evaluate the performance university?? In term of management.
In: Operations Management
What are the benefits of using cloud computing in a university?
In: Computer Science
The basic materials stock sector, comprised of companies specializing in industrial commodities, had a very poor showing during the first six months of 2000. The average stock price in this sector was down an average of 27% for this period. Assume that the returns were distributed as a normal random variable with a mean of -27% and a standard deviation of 15%.
In: Statistics and Probability
You return to your office from a productive but lengthy status meeting with Marco Padula and Frank Gosselin to find several priority messages in your voicemail, including one from Samantha Reagan, the State Commerce Department Major Projects Oversight officer.
"Hi, it's Samantha Reagan from the state Commerce Department. Listen, I called because I've been talking with Frank Gosselin, who was telling me about your so-called risk ranking. Please help me understand how issues with the exterior face materials—a near certainty—could be ranked so low, when the entrance bridge design, which your own team says is less than half the likelihood, is ranked as one of the highest. How does this type of a mistake happen?
I doubt the hospital can afford a cost overrun and I know they have other contracts riding on the successful completion of this project. Risk is important to this project, and we cannot afford to handle risks in such a haphazard manner. Call me and explain as soon as possible, thanks."
You think about the message and ponder the alternative ways to respond. After looking again at the risk management plan, the risk register and the two particular risks she has raised, you jot down some notes.
After considering Samantha’s inquiry about your risk rankings you decide to start out the call with one of these statements:
"Thanks for catching our error—we're really fortunate that you reviewed the risk register. I've made the proper adjustments. Would you like to become part of the risk response planning team?"
"It's a good question. Here's the reasoning: risk is not based only on likelihood—it's also a matter of impact. By paying attention to only one aspect of a threat, we rob ourselves of a more thorough and well-accepted way to measure the true 'score' of an individual threat."
"I appreciate your call, but this is really not your area of expertise. The team did what it is supposed to do, and we have our ways of ranking risks. You need to trust our project team's expertise, and I would further appreciate it if you left us to do our work and you do yours. I don't mean to sound harsh, but I respect my team's judgment."
Starting with one of the three statements above, write a transcript of about 250 to 300 words for your phone call with Samantha. Your transcript should be the opening statement chosen from above and then expand on it by addressing some of the key considerations in developing the Risk Register.
In: Operations Management
Record companies prioritise their new releases of music each by the senior management deciding on which new releases should receive priority in marketing to radio stations and music stores. Here the musician might be considered a ‘principal’ who uses the services of the record company, the ‘agent’, to produce and market their sound recording. Does the description of the prioritising of new releases suggest that an incentive problem may arise between the principal and agent? Evaluate and comment upon the following types of contracts from the musician’s perspective. The record company receives a fixed amount of total revenue. The record company receives a fixed amount of total revenue plus payment for the costs of advertising. The record company receives a proportion of the total profits.
In: Economics
Cars on Campus. Statistics students at a community college wonder whether the cars belonging to students are, on average, older than the cars belonging to faculty. They select a random sample of 11 cars in the student parking lot and find the average age to be 7.5 years with a standard deviation of 5.6 years. A random sample of 20 cars in the faculty parking lot have an average age of 4.2 years with a standard deviation of 4 years.
1. The null hypothesis is H0:μs=μfH0:μs=μf. What is the
alternate hypothesis?
A. HA:μs>μfHA:μs>μf
B. HA:μs<μfHA:μs<μf
C. HA:μs≠μfHA:μs≠μf
2. Calculate the test statistic. ? z t X^2 F =
3. Calculate the p-value for this hypothesis test.
p value =
4. Suppose that students at a nearby university decide to
replicate this test. Using the information from the community
college, they calculate an effect size of 0.72. Next, they obtain
samples from the university student and faculty lots and, using
their new sample data, conduct the same hypothesis test. They
calculate a p-value of 0.0149 and an effect size of 0.423. Do their
results confirm or conflict with the results at the community
college?
A. It can neither confirm or contradict the
community college results because we don't know the sample sizes
the university students used.
B. It contradicts the community college results
because the p-value is much bigger
C. It confirms the community college results
because the p-value is much smaller.
D. It confirms the community college results
because the effect size is nearly the same.
E. It contradicts the community college results
because the effect size is much smaller.
In: Statistics and Probability
Anabelle is the Facilities Manager for a university. She is considering an opportunity that involves renting food vending machines and placing them in various locations throughout the university. This would allow students and staff to conveniently access a quick range of similarly priced food items for snacking “pick-me-up” purposes. (Assume a non-COVID-19 state of affairs on campus.) As a not-for-profit university, the main aim is to cover all costs. If any profits are made, they will be used to boost student support services.
For the purposes of analysing this opportunity, Anabelle has the following estimates:
Per unit (food item) forecasts:
Average selling price of each food item: $2.00
Average variable cost of each food item: $1.60
Annual fixed cost forecasts:
Rental $12,000
Labour $10,000
Other fixed expenses $2,000
Anabelle has asked you to undertake a cost-volume-profit analysis of the opportunity.
a) Calculate the contribution per unit and the contribution margin ratio.
b) Calculate the break-even point in number of food items and in dollars of revenue.
c) Calculate the sales (in units) needed to earn a target annual profit of $2,000
d) The vending machine owner initially offered Anabelle a fixed rental fee option. However, the owner has since provided another rental agreement option: a $9,000 fixed rental plus 2.5% of revenues from the sale of food items. Calculate the break-even point in units under this option and briefly explain from the university’s perspective which rental agreement option might be preferred. Your explanation should not exceed 100 words.
In: Accounting
In: Economics