PA8-6 Preparing Operating Budgets for a Merchandising Firm [LO 8-5, 8-3a, f, g, h] Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following information: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Budgeted Unit Sales 34,000 54,000 27,000 54,000 Each T-shirt is expected to sell for $18. The purchasing manager buys the T-shirts for $7 each. The company needs to have enough T-shirts on hand at the end of each quarter to fill 28 percent of the next quarter’s sales demand. Selling and administrative expenses are budgeted at $68,000 per quarter plus 14 percent of total sales revenue. Required: 1. Determine budgeted sales revenue for each quarter. 2. Determine budgeted cost of merchandise purchased for each quarter.

In 2015, the Nellie Mae organization conducted an extensive study of how college students used credit cards. Two of their goals were to estimate the percentage of college students that have a credit card and the average credit card balance. To do this they randomly selected data for 600 undergraduate students aged 18-24 attending four-year public and private colleges across the United States who had applied for a loan with Nellie Mae during the summer and fall of 2001.

a) Identify the observational units.

b) Identify the population and sample of interest here.

c) Identify a categorical variable of interest and a quantitative variable of interest. Nellie Mae found that 83% of these undergraduate students carried at least one credit card, and that the average balance was $2327.

d) Are these numbers statistics or parameters? Explain how you can tell.

e) Would you expect the median credit card balance to be larger than the mean, smaller than the mean, or about the same as the mean? Explain your reasoning.

Find P(-2.85 < z < 1.32) Use the Normal table and give answer using 4 decimal places.

q2. A manufacturer knows that their items have a normally distributed length, with a mean of 17.1 inches, and standard deviation of 2.9 inches.

If one item is chosen at random, what is the probability that it is less than 22.5 inches long?

q3. A manufacturer knows that their items have a normally distributed lifespan, with a mean of 10.1 years, and standard deviation of 2.7 years.

If you randomly purchase one item, what is the probability it will last longer than 3 years?

Use the normal table and round answer to four decimal places

q4. In the country of United States of Heightlandia, the height measurements of ten-year-old children are approximately normally distributed with a mean of 54.2 inches, and standard deviation of 3.7 inches.

What is the probability that the height of a randomly chosen child is between 53.15 and 60.95 inches?

Use the Normal table and give answer to 4 decimal places

Using all 1991 birth records in the computerized national birth certificate registry compiled by the National Center for Health Statistics (NCHS), statisticians Traci Clemons and Marcello Pagano found that the birth weights of babies in the United States are not symmetric ("Are babies normal?" The American Statistician, Nov 1999, 53:4). However, they also found that when infants born outside of the "typical" 37-43 weeks and infants born to mothers with a history of diabetes are excluded, the birth weights of the remaining infants do follow a Normal model with mean μ = 3432 g and standard deviation σ = 482 g. The following questions refer to infants born from 37 to 43 weeks whose mothers did not have a history of diabetes.

4) A medical researcher wishes to study infants with high birth weights and seeks infants with birth weights among the heaviest 22%. Above what weight must an infant's birth weight be in order for the infant be included in the study? (Round your answer to the nearest gram.)

1. Before addressing the following questions, you will first need to collect some data! Use online websites (such as Wikipedia) to find economic data for Japan, USA, India, Italy, Iraq, and Mexico. Specifically, find recent data for per capita GDP and government debt-to-GDP ratio.

2. Based on the data collected, do you think that debt is a problem faced by economically advanced countries, undeveloped countries, or both? Justify your answer.

3. The United States government has a 100% repayment rate—it has always repaid its debt. Given what we know about risk and return, do you think the USA is generally charged high or low interest rates on borrowing money? Similarly, do you think Iraq (a poor and economically unstable country) is likely to pay high or low interest rates on loans?

4. Explain the concept of “crowding out”. Based on the data collected, which of these countries likely has the most extensive “crowding out”? Explain.

1. Assume that the correlation value in the question is representative of the correlation between these variables for all 363.786 neighborhoods in the United States. Using the information in the table below calculate the bivariate regression equation estimating the effect of economic conditions on political participation. Be sure to show your work. (20 Points)

Jacksonville Corp. is a U.S. based firm that needs $500,000. It has no business in Japan but is considering one year financing with Japanese yen, because the annual interest rate would be 5 percent versus 9 percent in the United States. Assume that interest rate parity exists.
1. Can Jacksonville benefit from borrowing Japanese yen and simultaneously purchasing yen one year forward to avoid exchange rate risk? Explain.
2. Assume that Jacksonville does not cover its exposure and uses the forward rate to forecast the future spot rate. Determine the expected effective financing rate. Should Jacksonville finance with Japanese yen? Explain.
3. Assume that Jacksonville does not cover its exposure and expects that the Japanese yen will appreciate by either 5 percent, 3 percent, or 2 percent, and with equal probability of each occurrence. Use this information to determine the probability distribution of the effective financing rate. Should Jacksonville finance with Japanese yen? Explain.

Jacksonville Corp. is a U.S. based firm that needs $500,000. It has no business in Japan but is considering one year financing with Japanese yen, because the annual interest rate would be 5 percent versus 9 percent in the United States. Assume that interest rate parity exists.
1. Can Jacksonville benefit from borrowing Japanese yen and simultaneously purchasing yen one year forward to avoid exchange rate risk? Explain.
2. Assume that Jacksonville does not cover its exposure and uses the forward rate to forecast the future spot rate. Determine the expected effective financing rate. Should Jacksonville finance with Japanese yen? Explain.
3. Assume that Jacksonville does not cover its exposure and expects that the Japanese yen will appreciate by either 5 percent, 3 percent, or 2 percent, and with equal probability of each occurrence. Use this information to determine the probability distribution of the effective financing rate. Should Jacksonville finance with Japanese yen? Explain.

PLease answer all the following question in the total of 250 word count in your own words. if using internet please list all reference at the the end of your question. But the reference must be in your own words

Quality of care has always been a concern in the U.S. health care system. Although great strides have been made to improve the quality of care delivered, many critics still believe that the United States has a long way to go before truly delivering uniform quality care.

How would you define quality of care from the provider and patient perspectives?

Why do you believe that quality can be viewed as a strength and a weakness of the U.S. health care system?

Be sure to provide at least 2 reasons for this, and provide specific examples for discussion.

Identify several difficulties and several benefits of working with licensed independent practitioners to improve quality in a typical hospital. What considerations should managers keep in mind when working with them?

Dear Supreme Court,

I am in prison. I was convicted of high treason against the United States for transmitting documents to WikiLeaks that prove the National Security Agency was tracking and reading all of my email, because I once commented to a friend that somebody should really build a big bomb and blow up the NSA Headquarters in Fort Meade, Maryland. It was clearly not a serious suggestion, but an expression of irritation. If they can spy on me, without a warrant or even probable cause, then why can I not do the same? They are a public agency, paid for by tax dollars, and the American People have a right to know what they are doing. I argue that my conviction is a direct violation of my First Amendment right to free speech, and the spirit of my First Amendment right to peaceably assemble, as the crux of this conviction was my communication of this evidence with both specific individuals, and the public in general. Please agree to hear my case. The truth will set me free!

Should writ of certiorari be granted?