wifty Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye.
|
Date |
Transaction |
Quantity |
Price/Cost |
|||
| 1/1 | Beginning inventory | 1,300 | $14 | |||
| 2/4 | Purchase | 2,300 | 21 | |||
| 2/20 | Sale | 2,800 | 34 | |||
| 4/2 | Purchase | 3,300 | 26 | |||
| 11/4 | Sale | 2,500 | 38 |
Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.)
| Average-cost per unit |
$ |
eTextbook and Media
Compute cost of goods sold, assuming Swifty uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.)
| Cost of goods sold | ||||
| (a) | Periodic system, FIFO cost flow |
$ |
||
| (b) | Perpetual system, FIFO cost flow |
$ |
||
| (c) | Periodic system, LIFO cost flow |
$ |
||
| (d) | Perpetual system, LIFO cost flow |
$ |
||
| (e) | Periodic system, weighted-average cost flow |
$ |
||
| (f) | Perpetual system, moving-average cost flow |
$ |
In: Accounting
Whispering Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye.
|
Date |
Transaction |
Quantity |
Price/Cost |
|||
| 1/1 | Beginning inventory | 2,100 | $16 | |||
| 2/4 | Purchase | 3,100 | 23 | |||
| 2/20 | Sale | 3,600 | 39 | |||
| 4/2 | Purchase | 4,100 | 30 | |||
| 11/4 | Sale | 3,300 | 43 |
Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.)
| Average-cost per unit |
$ |
Compute cost of goods sold, assuming Whispering uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.)
| Cost of goods sold | ||||
| (a) | Periodic system, FIFO cost flow |
$ |
||
| (b) | Perpetual system, FIFO cost flow |
$ |
||
| (c) | Periodic system, LIFO cost flow |
$ |
||
| (d) | Perpetual system, LIFO cost flow |
$ |
||
| (e) | Periodic system, weighted-average cost flow |
$ |
||
| (f) | Perpetual system, moving-average cost flow |
$ |
In: Accounting
A UD. Ergonomic Chairs engaged in the used wood craft industry in the form of making chairs, wanting to know the efficiency of making these chairs. In the manufacturing process the operator works for 8 hours / day. While the amount of production is 30 seats / day. The settlement operations are as follows:
|
Operation |
Description |
Preliminary Operation |
Time (minutes) |
|
1 |
Measure wood for the legs |
- |
2 |
|
2 |
Cut wood according to size |
1 |
3 |
|
3 |
Smooth the cut wood |
2 |
4 |
|
4 |
Measure wood for the holder |
- |
3 |
|
5 |
Cut according to the size of the holder |
4 |
4 |
|
6 |
Smooth the cut off holder |
5 |
4 |
|
7 |
Assemble the stand with the legs |
3,6 |
5 |
|
8 |
Provide the backrest for the assembly |
7 |
6 |
|
9 |
Painting |
8 |
7 |
|
10 |
Drying |
9 |
10 |
From the data above, determine the preliminary diagram, cycle time, work station, work station efficiency and trajectory efficiency of making the chair using the Kilbridge-Wester Heuristic method and Ranked Positional Weight (RPW).
In: Operations Management
Waterway Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye.
|
Date |
Transaction |
Quantity |
Price/Cost |
|||
| 1/1 | Beginning inventory | 2,900 | $18 | |||
| 2/4 | Purchase | 3,900 | 26 | |||
| 2/20 | Sale | 4,400 | 44 | |||
| 4/2 | Purchase | 4,900 | 34 | |||
| 11/4 | Sale | 4,100 | 48 |
(a)
Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.)
| Average-cost per unit |
$ |
(b)
Compute cost of goods sold, assuming Waterway uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.)
| Cost of goods sold | ||||
| (a) | Periodic system, FIFO cost flow |
$ |
||
| (b) | Perpetual system, FIFO cost flow |
$ |
||
| (c) | Periodic system, LIFO cost flow |
$ |
||
| (d) | Perpetual system, LIFO cost flow |
$ |
||
| (e) | Periodic system, weighted-average cost flow |
$ |
||
| (f) | Perpetual system, moving-average cost flow |
$ |
In: Accounting
Will improving customer service result in higher stock prices for the companies providing the better service? "When a company's satisfaction score has improved over the prior year's results and is above the national average (currently 75.7 ), studies show its shares have a good chance of outperforming the broad stock market in the long run." The following satisfaction scores of three companies for the 4th quarters of two previous years were obtained from the American Customer Satisfaction Index. Assume that the scores are based on a poll of 62 customers from each company. Because the polling has been done for several years, the standard deviation can be assumed to equal 4 points in each case.
Company Year 1 Score Year 2 Score
Rite aid 76 77
expedia 78 80
J.C. Penny 73 80
a. For Rite Aid, is the increase in the satisfaction score from year 1 to year 2 statistically significant? Use a=.05 and null hypothesis is H0: u1 - u2 ≤ 0. What can you conclude?
| z -value | (to 2 decimals) |
| p-value | (to 4 decimals) |
b. Can you conclude that the year 2 score for Rite Aid is above the national average 75.7? Use a=0.5 and null hypothesis is H0: u ≤ 75.7. Enter negative value as negative number.
| z-value | (to 2 decimals) |
| p -value | (to 4 decimals) |
c. For Expedia, is the increase from year 1 to year 2 statistically significant? Use a=.05 and null hypothesis is H0: u1 - u2 ≤ 0.
| z- value | (to 2 decimals) |
| p-value | (to 4 decimals) |
d. When conducting a hypothesis test with the values given for the standard deviation, sample size, and (a), how large must the increase from Year 1 to Year 2 be for it to be statistically significant?
(to 2 decimals)
In: Statistics and Probability
You roll two, fair (i.e., not weighted) 6-sided dice once. What is the probability that: 3a. The sum is 11 or more? (1 Point)
3b. The sum is 7? (1 Point)
3c. The sum is 6? (1 Point)
3d. Thesumis6or8? (1Point)
3e. The sum is less than 4? (1 Point)
3f. The sum is something other than 2, 7, or 11? (2 Points)
In: Statistics and Probability
Please solve all of the questions, questions 1, 2, and 3. Please show all work and all steps.
1.) Find x(t) = Σ aktk such that tx'' = x
2.) Find x(t) = Σk>=0 aktk such that x'' = tx + 1 and x(0) = 0, x'(0) = 1
3.) Using the Frobenius method, solve t2x'' - 3tx' + (4-t)x = 0
In: Advanced Math
The Bradford Company issued 10% bonds, dated January 1, with a face amount of $100 million on January 1, 2021. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Required:
1. Determine the price of the bonds at January 1,
2021.
2. to 4. Prepare the journal entries to record
their issuance by The Bradford Company on January 1, 2021, interest
on June 30, 2021 and interest on December 31, 2021 (at the
effective rate).
1. Price of bonds
Journal entry worksheet:
2. Record the bond issuance by the Bradford Company.
3. Record the interest on June 30, 2021 (at the effective rate).
4. Record the interest on December 31, 2021 (at the effective rate).
In: Accounting
(a) Let Y be distributed N(0, 1), i.e. the standard normal variable. Calculate P(Y <= 1.96), P(Y <= 0) and P(Y > 0.6772). Bound P(Y > 3).
(b) Let Y be distributed N(1, 4). Calculate P(Y < 1), P(Y > 2), P(1 ≤ Y ≤ 2).
(c) Let Y be distributed χ 2 1 . Calculate P(Y < 1), P(Y > 3.8416) using the results of the first question.
(d) Let Y be distributed χ 2 3 . Calculate P(Y < 7.81), P(Y > 11.34).
In: Statistics and Probability
Comparing Three Depreciation Methods
Waylander Coatings Company purchased waterproofing equipment on January 6 for $320,400. The equipment was expected to have a useful life of four years, or 8,400 operating hours, and a residual value of $26,400. The equipment was used for 3,200 hours during Year 1, 2,600 hours in Year 2, 1,500 hours in Year 3, and 1,100 hours in Year 4.
Required:
1. Determine the amount of depreciation expense
for the years ended December 31, Year 1, Year 2, Year 3, and Year
4, by (a) the straight-line method, (b) the units-of-activity
method, and (c) the double-declining-balance method. Also determine
the total depreciation expense for the four years by each
method.
Note: FOR DECLINING BALANCE ONLY, round the multiplier to four
decimal places. Then round the answer for each year to the nearest
whole dollar.
| Depreciation Expense | |||||||||
| Year | Straight-Line Method | Units-of-Activity Method | Double-Declining-Balance Method | ||||||
| Year 1 | $ | $ | $ | ||||||
| Year 2 | $ | $ | $ | ||||||
| Year 3 | $ | $ | $ | ||||||
| Year 4 | $ | $ | $ | ||||||
| Total | $ | $ | $ | ||||||
2. What method yields the highest depreciation
expense for Year 1?
Double-declining-balance method
3. What method yields the most depreciation
over the four-year life of the equipment?
Units-of-output method
In: Accounting