Pharmacy Company has two customers CVX and Ma & Pa with data as follows:

Pharmacy Company’s management accountant gathered the following ABC rate information:

Using the information in the tables above and allocating indirect support costs using ABC to customers, what is the Operating Income for the CVX customer?

Multiple Choice

• $ 59,400

• $ 72,129

• $ 117,000

A company reported the following information:

Cash received from customers = $27,300

Cash paid to suppliers = $11,400

Cash paid for other operating expenses = $7,400

Cash paid for income taxes = $3,250

The company’s cash flow from operating activities is closest to?

An insurance company provides four sequential services to its customers. Over the last year, the reliability of each of these services was 94%, 97%, 95%, and 91%.

What is their overall reliability?

Question 19 options:

The State Farm Insurance Company boasts that 90% of its customers who make claims are satisfied with the service. To check the accuracy of this declaration, the company conducts a survey wherein customers are asked whether they were satisfied with the quality of service. 153 were satisfied and 24 were not satisfied. Can we infer at the 5% level of significance that the satisfaction rate is less than 90%? (Use 4 decimal places in your initial work for this problem.)

1.a.Is the test statistic for this test Z or t?

1.b.What is the value of the test statistic of the test? ( Enter 0 if this value cannot be determined with the given information.)

1.c.What is the pvalue of the test? (Enter 0 if this value cannot be determined with the given information.)

1.d.What is the relevant bound of the rejection region? (Enter 0 if this value cannot be determined with the given information.)

1.e.

What decision should be made?

Select one:

a. Do not reject the null hypothesis

b. Can not be determined from given information

c. Reject the null hypothesis

d. Accept the null hypothesis

An insurance company has an online help service for its customers. Customer queries that take more than 5 minutes to resolve are categorized as​ "unsatisfactory" experiences. To evaluate the quality of its​ service, the company takes 10 samples of 100 calls each while the process is under control.

p values (n = 100)

0.06

0.14

0.13

0.05

0.16

0.08

0.17

0.04

0.19

0.16

a. calculate the p̄ and S_p values and set up control limits so that future sample p values should fall within the control limits 99.7% of the time

The p̄ value is _____. (enter your response rounded to three decimal places.)

) Consider a company that has two types of employees: people who take orders from customers (“order-takers”) and people who deliver the ordered products (“delivery people”). Suppose that the company obtains a new technology that allows it to use computers to automate many of the tasks that its order-takers are currently doing.

a. What effect would you expect this technology to have on the quantity of computers used by the company? Explain.

b. What effect would you expect this technology to have on the number of delivery people employed by the company? Explain.

c. What effect would you expect this technology to have on the number of order-takers employed by the company? Explain.

Executive Summary

The executive summary is a company marketing document intended to excite potential investors, customers, advisers, and employees. Its purpose is to get the call back and start the serious discussions—the process that will result in action.

Your executive summary should include:

• The Mission Statement
• Company information
• Growth highlights - Graphs and charts can be helpful in this section.
• Your Products/Services
• Financial information – If you are seeking financing, include any information about your current bank and investors.
• Summarize future plans –
• The elevator speech—for this assignment it will take the place of an abstract. It should be crisp, clear, and convey what the company is all about in less than 250 words.

This paper should have a title page, abstract (the elevator speech), body, and reference page. Points will be deducted if any of these four sections are missing. Make sure papers are written in correct APA style.

The executive summary should be between 400-600 words (not including the elevator speech/abstract), double space, and use font size 12. Structure the paper along the lines advised above.

Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2018, accounts receivable totaled $710,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $49,000 at the beginning of 2018 and $29,500 in receivables were written off during the year as uncollectible. Also, $2,900 in cash was received in December from a customer whose account previously had been written off. The company estimates bad debts by applying a percentage of 10% to accounts receivable at the end of the year.

Required:

1. Prepare journal entries to record the write-off of receivables, the collection of $2,900 for previously written off receivables, and the year-end adjusting entry for bad debt expense.

4 ENTRIES

Record the write-off of receivables.

Record the reinstatement of an account previously written off.

Record collection of account previously written off.

Record bad debt expense for the year.

2. How would accounts receivable be shown in the 2018 year-end balance sheet?

Net

Total Solution Ltd. is rendering its service on Network Solution to two types of customers: Company and Household. It categorised its operating department into: Company-Service and Household Service. Total Solution Ltd. also has two support departments: Administration (Admin) and Technician (Tech). Each of the operating departments conducts its operations independently. Total Solution Ltd. uses the number of technician’s hours used to allocate Tech costs and the number of admin staff used to allocate Admin costs. The following data are available for May 2020. Support Departments Operating Departments Admin Tech Company Household Budgeted costs $1,355,000 $3,200,000 $5,000,000 $4,000,000 Budgeted processing time (in min) 1,000 --- 1,600 2,400 Number of employees --- 15 9 36 Required (show your workings): Allocate the cost from support department to operating department and determine the total budgeted cost of each operating department after the cost has been allocated from the support department using the following method:

(a) Direct method

(b) Step-down method if the support department with highest dollar amount is allocated first. (c) Reciprocal method (using linear equation)

1. A shipping company offers various sized shipping boxes to its customers. Some of these boxes are cube-shaped, with equal height, width, and depth. As part of an upcoming sales promotion, the company will offer two cube-shaped boxes for the price of one.

a. Write an expression to represent the total volume of two different sized boxes as a sum of cubes if one of the boxes has sides with a length of 1 foot and the other has sides with a length of x feet.




b. Factor the sum of cubes.




c. Calculate the total volume of the two boxes if x = 3 feet.




2. A toy manufacturer is preparing to manufacture a puzzle cube in two different sizes. One of the puzzle cubes will have a side length of 4 centimeters, and the size of the other is yet to be determined.

a. Write an expression to represent the total volume of two different sized puzzle cubes as a sum of cubes, using m centimeters as the side lengths of the second puzzle.




b. Factor the sum of cubes.




c. Calculate the total volume of the two puzzle cubes if m = 5 centimeters.

3. A pet supply store is planning to offer cube-shaped fish tanks. The store manager decides to order one tank with a 12-inch side length but has not yet decided on the size of the other.

a. Write an expression to represent the total volume of two different sized tanks as a sum of cubes, using 2t centimeters as the length of the sides in the second tank.




b. Factor the sum of cubes.




c. Calculate the total volume of the two fish tanks if t = 7 inches.





4. Think of another real-world situation involving two different sized cube-shaped items.

a. Write a sentence to describe what the cubes represent and then write an expression to represent the total volume of the two items as a sum of cubes, using 2a to represent the side lengths in one cube and 3b to represent the side lengths in the other cube.




b. Factor the sum of cubes.




c. Choose two different values for a and b and use these values to calculate a specific total volume for the two items.