Questions
High Country, Inc., produces and sells many recreational products. The company has just opened a new...

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation: Beginning inventory 0 Units produced 38,000 Units sold 33,000 Selling price per unit $ 82 Selling and administrative expenses: Variable per unit $ 3 Fixed (per month) $ 563,000 Manufacturing costs: Direct materials cost per unit $ 17 Direct labor cost per unit $ 8 Variable manufacturing overhead cost per unit $ 4 Fixed manufacturing overhead cost (per month) $ 646,000 Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing. a. Determine the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format income statement for May.

In: Accounting

The table below shows the number of deaths in the U.S. in a year due to...

The table below shows the number of deaths in the U.S. in a year due to a variety of causes. For these questions, assume these values are not changing from year to year, and that the population of the United States is 312 million people.

Cause Deaths
Passenger car occupant (driver or rider) 13,100
Motorcycle (driver or rider) 4,500
Tornado 553
Skydiving 56

a) What is the probability that an American chosen at random died as a passenger car occupant last year?

b) What is the probability that you died as a passenger car occupant last year?

  d) What is the probability that an American chosen at random will die as the result of a tornado next year?

g) People sometimes claim skydiving is less dangerous than driving or riding in a car. Does the data support this claim? Explain.

h) People sometimes claim motorcycle riding is less dangerous than traveling by car. Does the data support this claim? What additional information and/or calculations would be useful to evaluate this claim?

Give your answer as a fraction or decimal. If decimal, make sure your answer is accurate to at least 2 significant figures (values after leading zeros)

In: Statistics and Probability

Summary:        The country focus explains that ‘offshoring’ has become a trend for white collar job...

Summary:

       The country focus explains that ‘offshoring’ has become a trend for white collar job positions. The expectancy of globalization has become a problem because the loss of jobs on our home country. The idea of labor positions or better referred as ‘blue-collar’ positions where more popular and helped free trade because it helped countries with low-wages. The more high-skilled and wage worthy ‘white-collar’ where traditionally performed in the U.S but due to the slow economy these had to be transferred to countries such as India, and the Philippines. The company’s spokespersons explain that the cost of performance is cheaper and allows for profit to be generated for the company. The IT specialists and drafting positions have been replaced in these developing countries because they are paid twenty-dollar an hour while at our country it would cost a hundred (Hill, 2011). The companies that have taken the steps to this transition are Bank of America, Fluor, and Procter and Gamble proving that offshoring helps increase profit but also increases unemployment rates in the U.S.

Reread the Country Focus “Moving U.S. White-Collar Jobs Offshore.”

b)Will developed nations like the United States suffer from the loss of high-skilled and high-paying jobs?

In: Economics

As a nurse in a local homeless shelter, you see clients from all walks of life...

As a nurse in a local homeless shelter, you see clients from all walks of life and health status. While much of your time is spent in assessing and referring clients to needed medical and mental health services, a significant portion of your time is spent engaged with clients in the various levels of disease and injury prevention. Your latest activities include residential groups focused on the prevention of alcoholism and its secondary conditions. Members of one of the groups include Dusty Phillips, a 57-year-old man with a 22-year history of alcoholism who has had type 1 diabetes mellitus for 52 years; Lily Tompkins, a 32-year-old woman who is a recovering alcoholic and who has AIDS; and 21-year-old Riley Dunston,a young man who is currently walking across the United States and enjoys a few beers per day. a. In relation to alcohol addiction prevention, what is the prevention level of each of the group members? b. What levels of prevention would address their secondary conditions? c. Which primary prevention strategy is vital to the wellness of the group members? Why?

In: Nursing

High Country, Inc., produces and sells many recreational products. The company has just opened a new...

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data related to May, the first month of the plant’s operation:

Beginning inventory 0
Units produced 47,000
Units sold 42,000
Selling price per unit $ 85
Selling and administrative expenses:
Variable per unit $ 2
Fixed (per month) $ 561,000
Manufacturing costs:
Direct materials cost per unit $ 16
Direct labor cost per unit $ 9
Variable manufacturing overhead cost per unit $ 2
Fixed manufacturing overhead cost (per month) $ 893,000

Management is anxious to assess the profitability of the new camp cot during the month of May.

Required:

1. Assume that the company uses absorption costing.

a. Determine the unit product cost.

b. Prepare an income statement for May.

2. Assume that the company uses variable costing.

a. Determine the unit product cost.

b. Prepare a contribution format income statement for May.

In: Accounting

As a nurse in a local homeless shelter, you see clients from all walks of life...

As a nurse in a local homeless shelter, you see clients from all walks of life and health status. While much of your time is spent in assessing and referring clients to needed medical and mental health services, a significant portion of your time is spent engaged with clients in the various levels of disease and injury prevention. Your latest activities include residential groups focused on the prevention of alcoholism and its secondary conditions. Members of one of the groups include Dusty Phillips, a 57-year-old man with a 22-year history of alcoholism who has had type 1 diabetes mellitus for 52 years; Lily Tompkins, a 32-year-old woman who is a recovering alcoholic and who has AIDS; and 21-year-old Riley Dunston, a young man who is currently walking across the United States and enjoys a few beers per day. a. In relation to alcohol addiction prevention, what is the prevention level of each of the group members? b. What levels of prevention would address their secondary conditions? c. Which primary prevention strategy is vital to the wellness of the group members? Why?

In: Nursing

The Wrigley Company, manufacturer of Skittles brand fruit candies, is considering adding a new flavor to...

The Wrigley Company, manufacturer of Skittles brand fruit candies, is considering adding a new flavor to the "rainbow" of flavors in a Skittles bag: passion peach. To test if America will like the new flavor, Skittles will do a taste test random sample of size n = 140 at a Peoria grocery store. In all of the other taste tests done so far in the United States in other markets, the proportion of the population who like the new flavor = 0.69. Use Table 1.

a.

Calculate the expected value and the standard error for the sampling distribution of the sample proportion of tasters in Peoria who will like the new flavor. (Round "expected value" to 2 decimal places and "standard deviation" to 4 decimal places.)

  Expected value = .69   
  Standard error = .0391   
b.

What is the probability that the sample proportion of the tasters in Peoria who like the new flavor is between 0.60 and 0.80? (Round final answer to 4 decimal places.)

  Probability   
c.

What is the probability that the sample proportion or the tasters in Peoria who like the new flavor is less than 0.60? (Round final answer to 4 decimal places.)

  Probability   

In: Statistics and Probability

Medical professionals can find relationships between variables. The more you drink alcohol, the less functionality of...

Medical professionals can find relationships between variables. The more you drink alcohol, the less functionality of your liver. The less carbohydrates a person intakes, the lower their Body Mass Index. Data can be collected and organized as an ordered pair (x, y). The data can be analyzed to determine the type and strength of a correlation and to calculate a regression line in order to make a prediction. Use the internet to find a data set of ordered pairs. Key terms to search: Free Public Data Sets and Medical Data Sets. Something that is current and in the United States of America, please ? Create a Post: Introduce your Data Set and Cite the Source. Which would be the independent variable, and which would be the dependent variable? Without drawing a scatter plot, would you expect a positive, negative or no correlation? Explain. Would you categorize your data to have a strong or weak correlation? Why? What would the r2 value tell you about the data that you selected? What is the equation of the regression line? Use the regression line to make a prediction about the data you collected.

Nothing to do with women bone density

In: Statistics and Probability

Medical professionals can find relationships between variables. The more you drink alcohol, the less functionality of...

Medical professionals can find relationships between variables. The more you drink alcohol, the less functionality of your liver. The less carbohydrates a person intakes, the lower their Body Mass Index. Data can be collected and organized as an ordered pair (x, y). The data can be analyzed to determine the type and strength of a correlation and to calculate a regression line in order to make a prediction. Use the internet to find a data set of ordered pairs. Key terms to search: Free Public Data Sets and Medical Data Sets. Something that is current and in the United States of America, please ? Create a Post: Introduce your Data Set and Cite the Source. Which would be the independent variable, and which would be the dependent variable? Without drawing a scatter plot, would you expect a positive, negative or no correlation? Explain. Would you categorize your data to have a strong or weak correlation? Why? What would the r2 value tell you about the data that you selected? What is the equation of the regression line? Use the regression line to make a prediction about the data you collected.

Nothing to do with women bone density

In: Statistics and Probability

environmental fate of medications medications can enter wastewater management systems either ... Question: Environmental fate of...

environmental fate of medications medications can enter wastewater management systems either ... Question: Environmental fate of medications Medications can enter wastewater management systems either thro... (1 bookmark) Environmental fate of medications Medications can enter wastewater management systems either through human excretions or through improper disposal. Many medications are not effectively treated by current wastewater management processes and therefore are discharged by wastewater treatment plants. Antidepressants are some of the most commonly prescribed medications in the United States, and many antidepressants are not effectively managed by wastewater treatment plants. a. A wastewater treatment plant discharges to Boulder Creek in Colorado at a rate of 64 million L/day, and the stream flow, upstream of the wastewater discharge point, is 1110 L/s. If the concentration of the antidepressant venlafaxine (Effexor) measured in the creek water is 10 ng/L, what is the mass discharged per day from the wastewater treatment plant, assuming that there are no sources other than the wastewater treatment plant, and assuming that the drug rapidly equilibrates among sediment, fish, and water? What is the concentration of the medication in the wastewater treatment plant effluent?

In: Other