Cenario:

Aristotle Murphy owns movie theatres in two towns of roughly the same size, 100 kilometers apart. In Monopolia, he owns the only chain of theatres (he is a monopolist). In Competitia, there is no theatre chain and he is only one of a number of independent theatre operators.

note

In Monopolia Mr. Murphy will be a price maker (since he is a monopolist there), but in Competitia he is a more of a price taker (since he is facing monopolistic competition). Therefore one can expect his price to be lower in Competitia in both the short and long runs. He is also practicing price discrimination because he is charging two different prices for the same product because he is able to separate his customers into two different markets due to the distance between the towns.

THE Question is:

Aristotle is adamant that he does NOT want to lower his prices in Monopolia in the long run, even when new competitors appear on the scene. If you are his business consultant, how can you help him do this? What specific tactics and rationale would you advise?

Consider a process that consists of three workstations: The first workstation (WS 1) takes 20 minutes per unit, the second workstation (WS 2) takes 10 minutes, and the third workstation (WS 3) takes 15 minutes per unit. Each workstation is staffed by one worker.

(a) What is the net processing time per unit?

(b) What is the cycle time per unit?

(c) What is the utilization of the process?

(d) How many units of output can be produced a day, if the process runs an 8-hour shift a day?

Upriver Parts manufactures two products, V-1 and V-2, at its River Plant. Selected data for an average month for the two products follow.

Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing overhead at the plant follow.

Required:

a. Compute the unit costs for the two products V-1 and V-2 using the current costing system at Upriver (using machine hours as the allocation basis). (Do not round intermediate calculations. Round your answers to 2 decimal places.)
b. Compute the unit costs for the two products V-1 and V-2 using the proposed ABC system at Upriver. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Unit Cost

V-1 V-2

a.Using current costing system

b.Using proposed ABC system

A sample of 44 observations is selected from a normal population. The sample mean is 46, and the population standard deviation is 7. Conduct the following test of hypothesis using the 0.01 significance level.

H₀: μ = 50

H₁: μ ≠ 50

1. Is this a one- or two-tailed test?

• One-tailed test

• Two-tailed test

2. What is the decision rule?

• Reject H₀ if −2.576 < z < 2.576

• Reject H₀ if z < −2.576 or z > 2.576

3. What is the value of the test statistic? (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)

4. What is your decision regarding H₀?

• Fail to reject H₀

• Reject H₀

1. e-1. What is the p-value? (Round your z value to 2 decimal places and final answer to 4 decimal places.)

1. e-2. Interpret the p-value? (Round your z value to 2 decimal places and final answer to 2 decimal places.)

There is a _____ % chance of finding a z value this large by "sampling error" when H0 is true.

rev: 01_21_2018_QC_CS-114345

Output file should contain the calculation output for: o Python code properly runs and calculates the average city mileage for all vehicles (avg_city) – 15 pts o Python code properly runs and calculates the average highway mileage for all vehicles (avg_hwy) – 15 pts o Python code properly runs and calculates the average highway mileage of all Ford vehicles (ford_hwy) – 20 pts o Python code properly runs and calculates the average city mileage of all SUV vehicles (suv_city) – 20 pts • Only iterate through mpg.csv once, minus 10 points for each loop through mpg.csv more than once

public static java.lang.String removerec(java.lang.String s)

Returns a string similar to the given string with all runs of consecutive, repeated characters removed. For example,

• given "apple", returns "aple"
• given "banana", returns "banana"
• given "baaannannnnaa", returns "banana"
• given an empty string, returns an empty string

Parameters:

s - given string

Returns:

string created from s by removing runs of the same character

Given below are seven observations collected in a regression study on two variables, x (independent variable) and y (dependent variable)

a. develop the least squares estimated regression equation

b. At 95% confidence, perform a t test and determine whether or not the slope is significantly different from 0

c.Compute the coefficient of determination

d. Develop the 95% confidence interval for the mean value of y* and 95% prediction interval for individual value of y* when x*=5

1.

Which of the following is not a stakeholder in a business?

2.

Which of the following does NOT describe managerial accounting?

3.

Jones company makes two products A & B. Here is some financial information about those products.

                         A    B     Combined total cost of cost drivers

Direct labor    $45,000 $35,000

Direct materials              $40,000 $30,000

Cost drivers

               Set ups 6    4 $10,000

             Inspections    4    6 $5,000

                 Test Runs 12     8 $25,000

                 Units produced    1000 1000

Using ABC Costing for overhead, what is the total cost for product A?

The table below shows the number of cars sold last month by seven employees at Concord Motors and their number of years of sales experience.

Analyze this data (what is correlation coefficient, slope for regression equation, y intercept for regression equation, standard error of estimate).