|
The table to the right shows the number of people, in thousands, in a country without health insurance in a certain year. Complete parts a) through d) below. |
Insured |
Uninsured |
|||
|---|---|---|---|---|---|
|
Under 18 years |
67 comma 22767,227 |
7 comma 0537,053 |
|||
|
18 to 24 years |
21 comma 37221,372 |
8 comma 8308,830 |
|||
|
25 to 34 years |
29 comma 10929,109 |
11 comma 58211,582 |
|||
|
35 to 44 years |
31 comma 62231,622 |
8 comma 0258,025 |
|||
|
45 to 64 years |
67 comma 16167,161 |
13 comma 03113,031 |
|||
|
65 years and older |
38 comma 88438,884 |
713713 |
|||
a) What percentage of the countries' population in the year did not have health insurance and was between the ages of 18 to 24 years?
(Round to two decimal places as needed.)
b) What percentage of the countries' population in the year did not have health insurance or was between the ages of 25 to 34 years?
(Round to two decimal places as needed.)
c) What percentage of the countries' population in the year did have health insurance, given they were 65 years or older?
(Round to two decimal places as needed.)
d) Do age group and health insurance appear to be independent or dependent events? Define Event A was a person 45 to 64 years old and Event B as the person is insured. What conclusions can be drawn with this information?
A.They are dependent events since
Upper P left parenthesis A|B right parenthesis almost equals Upper P left parenthesis Upper A right parenthesisP(A|B)≈P(A).
B.They are independent events since
Upper P left parenthesis A|B right parenthesis not equals Upper P left parenthesis Upper A right parenthesisP(A|B)≠P(A).
C.They are dependent events since
Upper P left parenthesis A|B right parenthesis not equals Upper P left parenthesis Upper A right parenthesisP(A|B)≠P(A).
D.They are independent events since
Upper P left parenthesis A|B right parenthesis almost equals Upper P left parenthesis Upper A right parenthesisP(A|B)≈P(A).
In: Statistics and Probability
Item 8
Olmo, Inc., manufactures and sells two products: Product K0 and Product H9. The annual production and sales of Product of K0 is 1,000 units and of Product H9 is 1,000 units. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
| Activity Cost Pools | Activity Measures | Estimated Overhead Cost | Expected Activity | ||||
| Product K0 | Product H9 | Total | |||||
| Labor-related | DLHs | $ | 549,408 | 10,000 | 5,000 | 15,000 | |
| Production orders | orders | 52,419 | 1,100 | 200 | 1,300 | ||
| Order size | MHs | 835,016 | 2,800 | 3,200 | 6,000 | ||
| $ | 1,436,843 | ||||||
|
|
|||||||
The overhead applied to each unit of Product K0 under activity-based costing is closest to:
Vanvalkenburg, Inc., manufactures and sells two products: Product Q5 and Product J0. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
| Estimated | Expected Activity | |||||
| Activity Cost Pools | Activity Measures | Overhead Cost | Product Q5 | Product J0 | Total | |
| Labor-related | DLHs | $ | 191,748 | 3,000 | 2,800 | 5,800 |
| Production orders | orders | 70,536 | 300 | 500 | 800 | |
| Order size | MHs | 295,592 | 4,300 | 4,500 | 8,800 | |
| $ | 557,876 | |||||
|
|
||||||
Forner, Inc., manufactures and sells two products: Product Z1 and Product Z8. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
| Estimated | Expected Activity | |||||
| Activity Cost Pools | Activity Measures | Overhead Cost | Product Z1 | Product Z8 | Total | |
| Labor-related | DLHs | $ | 112,190 | 600 | 2,000 | 2,600 |
| Machine setups | setups | 40,440 | 500 | 700 | 1,200 | |
| Order size | MHs | 609,770 | 3,000 | 3,200 | 6,200 | |
| $ | 762,400 | |||||
|
|
||||||
The activity rate for the Machine Setups activity cost pool under activity-based costing is closest to:
The activity rate for the Production Orders activity cost pool under activity-based costing is closest to:
In: Accounting
Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.)
| Date of Note |
Principal |
Interest Rate |
Term |
|
|---|---|---|---|---|
| a. | July 10 | $7,200 | 9% | 100 days |
| b. | April 14 | 12,000 | 8% | 130 days |
| c. | May 19 | 11,200 | 7.5% | 130 days |
| d. | June 10 | 5,400 | 8% | 55 days |
| e. | October 29 | 30,000 | 8% | 85 days |
| Maturity Date | |||
|---|---|---|---|
| Month | Day | Interest | |
| a. | AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary | Answer | Answer |
| b. | AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary | Answer | Answer |
| c. | AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary | Answer | Answer |
| d. | AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary | Answer | Answer |
| e. | AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary | Answer | Answer |
In: Accounting
Tom Scott is the owner, president, and primary salesperson for
Scott Manufacturing. Because of this, the company's profits are
driven by the amount of work Tom does. If he works 40 hours each
week, the company's EBIT will be $560,000 per year; if he works a
50-hour week, the company's EBIT will be $645,000 per year. The
company is currently worth $3.30 million. The company needs a cash
infusion of $1.40 million, and it can issue equity or issue debt
with an interest rate of 8 percent. Assume there are no corporate
taxes.
1a. What are the cash flows to Tom under each
scenario? (Enter your answers in dollars, not millions of
dollars, e.g. 1,234,567. Do not round intermediate
calculations.)
Scenario-1
Debt issue:
| Cash flows | |
| 40-hour week | $ |
| 50-hour week | $ |
Scenario-2
Equity issue:
| Cash flows | |
| 40-hour week | $ |
| 50-hour week | $ |
b. Under which form of financing is Tom likely to
work harder?
Debt issue
Equity issue
In: Finance
public class StackTest
{
public static void main(String[] args)
{
StackX theStack = new StackX(10); // make new stack
theStack.push(20); // push items onto stack
theStack.push(30);
theStack.push(40);
theStack.push(40);
theStack.push(60);
theStack.push(80);
theStack.showStack();
System.out.println("removeDownTo(40)");
theStack.removeDownTo(40);
theStack.showStack();
} // end main()
}
public class QueueTest
{
public static void main(String[] args)
{
Queue theQueue = new Queue(20); // queue holds 5 items
theQueue.insert(10); // insert 4 items
theQueue.insert(20);
theQueue.insert(30);
theQueue.insert(40);
theQueue.showQueue();
System.out.println("Removing 3 items");
theQueue.remove(); // remove 3 items
theQueue.remove(); // (10, 20, 30)
theQueue.remove();
theQueue.showQueue();
System.out.println("Inserting 4 more items");
theQueue.insert(50); // insert 4 more items
theQueue.insert(60); // (wraps around)
theQueue.insert(70);
theQueue.insert(80);
theQueue.showQueue();
System.out.println("Calling removeSecond()");
long second = theQueue.removeSecond();
theQueue.showQueue();
} // end main()
}
Attached Files:
You may not use the java.util.Stack
class.
You may not use the java.util.Queue class.
Ex1: Write a program that converts decimal to
binary using a stack.
StackX class:
Ex2: Write method showStack(): It displays the
contents of the stack starting with the first inserted element to
the last. The stack would contain the same elements after
showStack(). . If for example if to an empty stackx we push(20)
then push(30) showStack() would print 20 30
Ex3: Write a method public static void
removeDownTo (long n): It pops all values off the stack down to but
not including the first element it sees that is equal to the second
parameter. If none are equal, leave the stack empty.
Attach your StackX.java. I will use StackTest.java
to test the above methods.
Queue class:
Ex4: Write method showQueue() to display the
contents of the queue from first to last. The queue would contain
the same elements after showQueue().
Ex5: Write a method public static Object
removeSecond (): It removes and returns the element just behind the
front element. Precondition: The queue has at least two
elements.
Attach your Queue.java. I will use QueueTest.java
to test the above methods.
In: Computer Science
| Number of Customers | Waiting Time (Minutes) |
| 5 | 47 |
| 2 | 27 |
| 4 | 36 |
| 4 | 44 |
| 6 | 52 |
| 3 | 21 |
| 7 | 82 |
| 3 | 43 |
| 8 | 69 |
| 4 | 28 |
Many small restaurants in Portland, Oregon, and other cities across the United States do not take reservations. Owners say that with smaller capacity, no-shows are costly, and they would rather have their staff focused on customer service rather than maintaining a reservation system.† However, it is important to be able to give reasonable estimates of waiting time when customers arrive and put their name on the waiting list. The file RestaurantLine contains 10 observations of number of people in line ahead of a customer (independent variable x) and actual waiting time (in minutes) (dependent variable y). The estimated regression equation is:
ŷ = 4.35 + 8.81x
and MSE = 94.42.
(a)
Develop a point estimate (in min) for a customer who arrives with four people on the wait-list. (Round your answer to two decimal places.)
ŷ* = min
(b)
Develop a 95% confidence interval for the mean waiting time (in min) for a customer who arrives with four customers already in line. (Round your answers to two decimal places.)
min to min
(c)
Develop a 95% prediction interval for Roger and Sherry Davy's waiting time (in min) if there are four customers in line when they arrive. (Round your answers to two decimal places.)
min to min
(d)
Discuss the difference between part (b) and part (c).
The prediction interval is much ---Select--- wider narrower than the confidence interval. This is because it is ---Select--- more less difficult to predict the waiting time for an individual customer arriving with four people in line than it is to estimate the mean waiting time for a customer arriving with four people in line.
In: Statistics and Probability
Required information
[The following information applies to the questions
displayed below.]
Dowell Company produces a single product. Its income statements
under absorption costing for its first two years of operation
follow.
| 2018 | 2019 | |||||
| Sales ($44 per unit) | $ | 1,012,000 | $ | 1,892,000 | ||
| Cost of goods sold ($29 per unit) | 667,000 | 1,247,000 | ||||
| Gross margin | 345,000 | 645,000 | ||||
| Selling and administrative expenses | 291,750 | 336,750 | ||||
| Net income | $ | 53,250 | $ | 308,250 | ||
Additional Information
| 2018 | 2019 | |||
| Units produced | 33,000 | 33,000 | ||
| Units sold | 23,000 | 43,000 | ||
| Direct materials | $ | 4 | |
| Direct labor | 8 | ||
| Variable overhead | 7 | ||
| Fixed overhead ($330,000/33,000 units) | 10 | ||
| Total product cost per unit | $ | 29 | |
| 2018 | 2019 | |||||
| Variable selling and administrative expenses ($2.25 per unit) | $ | 51,750 | $ | 96,750 | ||
| Fixed selling and administrative expenses | 240,000 | 240,000 | ||||
| Total selling and administrative expenses | $ | 291,750 | $ | 336,750 | ||
1. Prepare income statements for the company for each of its first two years under variable costing. (Loss amounts should be entered with a minus sign.)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
2. Prepare a table as in Exhibit 6.12 to
convert variable costing income to absorption costing income for
both 2018 and 2019. (Loss amounts should be entered with a
minus sign.)
|
|||||||||||||||||||||
In: Accounting
Problem 19-18 EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19-5, 19-6, 19-7, 19-8, 19-9]
At January 1, 2018, Canaday Corporation had outstanding the
following securities:
720 million common shares
45 million 8% cumulative preferred shares, $50 par
4% convertible bonds, $4,500 million face amount, convertible into
90 million common shares
The following additional information is available:
On September 1, 2018, Canaday sold 81 million additional shares of common stock.
Incentive stock options to purchase 40 million shares of common stock after July 1, 2017, at $14 per share were outstanding at the beginning and end of 2018. The average market price of Canaday’s common stock was $20 per share during 2018.
Canaday's net income for the year ended December 31, 2018, was $1,524 million. The effective income tax rate was 40%.
Required:
1. & 2. Calculate basic and the diluted earnings per common
share for the year ended December 31, 2018. (Enter your answers in
millions (i.e., 10,000,000 should be entered as 10).)
In: Accounting
Find the sample proportions and test statistic for equal
proportions.
(a-1) Dissatisfied workers in two companies:
x1 = 44, n1 = 100,
x2 = 34, n2 = 100, α = .05,
two-tailed test. (Round your answers to 4 decimal places.
Use Excel to calculate the p-value.)
| p1 = | |
| p2 = | |
| zcalc = | |
| p-value = | |
| zα/2 = | |
(a-2) Choose the appropriate hypotheses.
a
b
(a-3) Based on the data reject
H0.
False
True
(b-1) Rooms rented at least a week in advance at
two hotels: x1 = 28, n1 =
200, x2 = 16, n2 = 50,
α = .01, left-tailed test. (Round your answers to
4 decimal places. Negative values should be indicated by a minus
sign. Use Excel to calculate the p-value.)
| p1 = | |
| p2 = | |
| zcalc = | |
| p-value = | |
| zα = | |
(b-2) Choose the appropriate hypotheses.
a
b
(b-2) Based on the data reject
H0.
True
False
(c-1) Home equity loan default rates in two banks:
x1 = 40, n1 = 480,
x2 = 30, n2 = 520,
α = .05, right-tailed test. (Round your answers to
4 decimal places. Use Excel to calculate the
p-value.)
| p1 = | |
| p2 = | |
| zcalc = | |
| p-value = | |
| zα = | |
(c-2) Choose the appropriate hypotheses.
b
a
(c-3) Based on the data reject
H0.
False
True
In: Statistics and Probability
Empire Electric Company (EEC) uses only debt and common equity. It can borrow unlimited amounts at an interest rate of rd = 10% as long as it finances at its target capital structure, which calls for 45% debt and 55% common equity. Its last dividend (D0) was $1.90, its expected constant growth rate is 4%, and its common stock sells for $30. EEC's tax rate is 25%. Two projects are available: Project A has a rate of return of 10%, and Project B's return is 8%. These two projects are equally risky and about as risky as the firm's existing assets.
What is its cost of common equity? Do not round intermediate calculations. Round your answer to two decimal places.
%
What is the WACC? Do not round intermediate calculations. Round your answer to two decimal places.
%
Which projects should Empire accept?
-Select-Project AProject B
In: Finance