The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 64 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,900 | |||||
| Classroom supplies | $ | 260 | |||||
| Utilities | $ | 1,250 | $ | 55 | |||
| Campus rent | $ | 5,200 | |||||
| Insurance | $ | 2,300 | |||||
| Administrative expenses | $ | 3,600 | $ | 43 | $ | 4 | |
For example, administrative expenses should be $3,600 per month plus $43 per course plus $4 per student. The company’s sales should average $870 per student.
The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 56 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 52,780 |
| Instructor wages | $ | 10,880 |
| Classroom supplies | $ | 16,490 |
| Utilities | $ | 1,880 |
| Campus rent | $ | 5,200 |
| Insurance | $ | 2,440 |
| Administrative expenses | $ | 3,454 |
Required:
1. Prepare the company’s planning budget for September.
Prepare the company’s planning budget for September.
2. Prepare the company’s flexible budget for September. |
3. Calculate the revenue and spending variances for September.
In: Accounting
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A social service organization reports that the level of educational attainment of mothers receiving food stamps is uniformly distributed. To test this claim, you randomly select 104 |
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mothers who currently receive food stamps and record the educational attainment of each. The results are shown in the table on the right. Atα=0.025, can you reject the claim that the distribution is uniform? Complete parts (a) through (d) below. |
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(a) State
H0
and
Ha
and identify the claim.
H0:
The distribution of educational attainment responses is
▼
uniform
not uniform
.
Ha:
The distribution of educational attainment responses is
▼
uniform
not uniform
.
Which hypothesis is the claim?
H0
Ha
(b) Determine the critical value,
χ20,
and the rejection region.
χ20=nothing
(Round to three decimal places as needed.)
Choose the correct rejection region below.
A.
χ2≥χ20
B.
χ2<χ20
C.
χ2≤χ20
D.
χ2>χ20
(c) Calculate the test statistic.
χ2=nothing
(Round to three decimal places as needed.)
(d) Decide whether to reject or fail to reject the null hypothesis. Then interpret the decision in the context of the original claim.
▼
Reject
Fail to reject
H0.
At a
2.5%
significance level, there
▼
is not
is
enough evidence to reject the claim that the distribution of educational attainment responses
▼
is not
is
uniform.
Click to select your answer(s).
In: Statistics and Probability
Jacob is a CRNA working in the labor and delivery department of a private for-profit hospital. He has been employed there full-time for 10 years. He currently is the lead CRNA for 5 other CRNAs that work on the unit. He has been researching DNP programs and has decided to complete an application with an online DNP program. He has an upcoming meeting with his director in a couple of weeks for which he wants to discuss he return to school and also discuss changes in nursing anesthesia practice that may impact current hospital policies and procedures ethically and legally. During his monthly meeting with the director of the unit, he decides to share his desire to pursue another degree to expand his knowledge base, make him a better leader, and help promote better health care delivery and care outcomes. He discusses reducing his hours in order to allow him time to pursue his degree. The director tells Jacob that at this time reducing his hours to accommodate his desire to return to school would not be an option. The director also tells Jacob that the changes in nursing anesthesia practice that may affect their internal policies will need to be addressed at a later meeting. After the meeting, Jacob is discouraged, feels a lack of administrative support, and now is uncomfortable in his leadership role.
What ethical perspectives influenced your pursuit of a DNP degree? please provide reference
In: Nursing
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 50 students enrolled in those two courses. Data concerning the company’s cost formulas appear below: Fixed Cost per Month Cost per Course Cost per Student Instructor wages $ 3,080 Classroom supplies $ 260 Utilities $ 870 $ 130 Campus rent $ 4,200 Insurance $ 1,890 Administrative expenses $ 3,270 $ 15 $ 4 For example, administrative expenses should be $3,270 per month plus $15 per course plus $4 per student. The company’s sales should average $800 per student. The company planned to run three courses with a total of 45 students; however, it actually ran three courses with a total of only 42 students. The actual operating results for September appear below: Actual Revenue $ 32,400 Instructor wages $ 9,080 Classroom supplies $ 8,540 Utilities $ 1,530 Campus rent $ 4,200 Insurance $ 1,890 Administrative expenses $ 3,790 Required: 1. Prepare the company’s planning budget for September. 2. Prepare the company’s flexible budget for September. 3. Calculate the revenue and spending variances for September.
In: Accounting
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 64 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,910 | |||||
| Classroom supplies | $ | 310 | |||||
| Utilities | $ | 1,210 | $ | 85 | |||
| Campus rent | $ | 5,200 | |||||
| Insurance | $ | 2,200 | |||||
| Administrative expenses | $ | 3,800 | $ | 41 | $ | 4 | |
For example, administrative expenses should be $3,800 per month plus $41 per course plus $4 per student. The company’s sales should average $890 per student.
The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 60 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 54,060 |
| Instructor wages | $ | 10,920 |
| Classroom supplies | $ | 19,690 |
| Utilities | $ | 1,960 |
| Campus rent | $ | 5,200 |
| Insurance | $ | 2,340 |
| Administrative expenses | $ | 3,646 |
Required:
1. Prepare the company’s planning budget for September.
2. Prepare the company’s flexible budget for September.
3. Calculate the revenue and spending variances for September.
In: Accounting
Steve Jackson (birthdate December 13, 1966) is a
single taxpayer living at 3215 Pacific Dr., Apt. B, Ca 92109. His
Social Security number is 465-88-9415. In 2019, Steve's earnings
and income tax withholding as laundry attendant of a local hotel
are:
Earnings from the Ocean View
Hotel. 21,900
Federal income tax
withheld.
219
State income tax
withheld.
100
Steve has a daughter, Janet, from a previous marriage. Janet is 11
years old( Social Security number 645-12-6543). Steve provides all
Janet's support. Also living with Steve is his younger brother,
Michael (Social Security number 667-21-8998). Michael, age 47, is
unable to care for himself due to disability. On a reasonably
regular basis, Steve has care giver come to help with Micheal. He
uses a company called HomeAid, 456 La Jolla Dr., San Diego, CA
92182 (EIN 17-9876543). Steve made payments of $1000 to HomeAid in
2019. Janet receives free after-school care provided by the local
school district.
Complete Steve's federal tax return for 2019. Use form 1040,
Schedule 3, Form 2441, Child Tax Credit Worksheet, Form 8812, ETIC
Worksheet A and Schedule EIC
In: Accounting
Table 1 below provides slopes, standard errors, and beta’s for several variables used to predict levels of self-control (higher scores = lower self-control) for respondents living in “good” and “bad” neighborhoods.
|
Table 1. OLS Regression Predicting Low Self-Control Across Neighborhood Type |
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|
Good Neighborhoods (n = 356) |
Bad Neighborhoods (n = 186) |
|||||
|
Measure |
B |
SE |
Beta |
B |
SE |
Beta |
|
Age (in Years) |
-.215* |
.094 |
-.117 |
.107 |
.160 |
.050 |
|
Sex (1 = Males) |
.699** |
.224 |
.160 |
.129 |
.361 |
.026 |
|
Race (1 = Whites) |
.059 |
.261 |
.012 |
-.499 |
.382 |
-.101 |
|
Parental Supervision (Higher = More Supervision) |
-.277** |
.023 |
-.063 |
-.026 |
.364 |
-.005 |
|
Parental Responsiveness (Higher = More Responsive) |
-.098** |
.032 |
.161 |
.096 |
.058 |
.228 |
|
School Socialization (Higher = More Socialization) |
-.249** |
.085 |
-.154 |
-.042 |
.112 |
-.027 |
|
Maternal Smoking (1 = Smoked During Pregnancy) |
.580* |
.277 |
.109 |
1.02** |
.388 |
.193 |
|
Constant |
6.105 |
1.750 |
.460 |
2.620 |
||
|
R2 |
.313 |
.273 |
||||
* p < .05; ** p < .01
In: Statistics and Probability
1- when demand is inelastic, an increase in price will cause
a. an increase in total revenue.
b. a decrease in total revenue.
c. no change in total revenue but an increase in quantity demanded.
d. no change in total revenue but a decrease in quantity demanded .
2- In competitive markets,
a.firms produce identical products.
b.no individual buyer can influence the market price.
c.no individual seller can influence the market price.
d.All of the above are correct.
3- In the circular-flow digram,
a.firms are buyers in the markets for goods and services.
b.households are sellers in the markets for the factors of production.
c.firms are sellers in the markets for factors of production and in the markets for goods and services.
d.dollars that are spent on goods and services flow directly from firms to households.
4- Factors of production are?
a.the mathematical calculations firms make in determining their optimal production levels.
b. social and political conditions that affect production.
c. the physical relationships between economic inputs and outputs.
d. inputs into the production process.
5- which of the following is not an example of the opportunity cost of going to school?
a.The money a student could have earned by working if he had not gone to college.
b. The nap a student could have enjoyed if he had not attended class.
c. The party a student could have enjoyed if he had not stayed in to study for his exam.
d. The money a student spends on rent for his apartment while attending school.
In: Economics
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 65 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,950 | |||||
| Classroom supplies | $ | 280 | |||||
| Utilities | $ | 1,200 | $ | 65 | |||
| Campus rent | $ | 4,500 | |||||
| Insurance | $ | 2,000 | |||||
| Administrative expenses | $ | 3,600 | $ | 45 | $ | 6 | |
For example, administrative expenses should be $3,600 per month plus $45 per course plus $6 per student. The company’s sales should average $890 per student.
The company planned to run four courses with a total of 65 students; however, it actually ran four courses with a total of only 57 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 54,950 |
| Instructor wages | $ | 11,080 |
| Classroom supplies | $ | 18,050 |
| Utilities | $ | 1,870 |
| Campus rent | $ | 4,500 |
| Insurance | $ | 2,140 |
| Administrative expenses | $ | 3,596 |
Required:
1. Prepare the company’s planning budget for September.
2. Prepare the company’s flexible budget for September.
3. Calculate the revenue and spending variances for September.
In: Accounting
A common practice for government entities, particularly schools, is to issue short-term (promissory) notes to cover daily expenditures until revenues are received from tax collection, lottery funds, and other sources. School boards approve the note issuances, with repayments of principal and interest typically met within a few months. The goal is to fully cover all expenses until revenues are distributed from the state. However, revenues distributed fluctuate due to changes in collection expectations, and schools may not be able to cover their expenditures in the current period. This leads to a dilemma—whether or not to issue more short-term notes to cover the deficit. Short-term debt may be preferred over long-term debt when the entity does not want to devote resources to pay interest over an extended period of time. In many cases, the interest rate is lower than long-term debt, because the loan is considered less risky with the shorter payback period. This shorter payback period is also beneficial with amortization expenses; short-term debt typically does not amortize, unlike long-term debt. Based on this information, compose a paper that addresses the following:
In: Accounting