Tempe Office Services and Supplies (TOSS) provides various
products and services in the Tempe Research Park, home to numerous
high-tech and bio-tech companies. Making color copies is one of its
most popular and profitable services. The controller performed a
regression analysis of data from the Color Copy Department with the
following results:
| Intercept | 139.68693 |
| R square | 0.9014 |
| Number of observations | 6 |
| X coefficient | 0.075859 |
The regression output was based on the following data:
| Month | Number of Color Copies | Color Copy Department Costs | ||||
| July | 20,550 | $ | 1,695 | |||
| August | 22,650 | 1,810 | ||||
| September | 21,650 | 1,830 | ||||
| October | 19,400 | 1,565 | ||||
| November | 18,400 | 1,555 | ||||
| December | 21,750 | 1,820 | ||||
Required:
1. What is the variable cost per color copy for TOSS?
2. What is the fixed cost for the Color Copy Department?
3. Based on the regression output obtained by the controller, what cost formula should be used to estimate future total costs for the Color Copy Department? Enter answer as an equation in the form of y = a + bx.
5-a. Use the high-low method to estimate the variable and fixed costs for the Color Copy Department.
5-b. What cost formula should be used based on your analysis? Enter answer as an equation in the form of y = a + bx.
6. If 21,300 copies are made during January, what is the total cost predicted by each method?
In: Accounting
In: Psychology
1) What is the fixed cost, marginal cost, average total cost, average variable cost and average fixed cost of the following cost function? .
2) What is the level of output that minimizes AVC? (in other words, what is the level of output that corresponds to the minimum of AVC?)
In: Economics
Scenario Suppose that a movie theater faces a downward sloping demand curve for popcorn and it increases the price of a container of popcorn from $4.00 to $4.80, which causes the count of containers sold to fall from 100 to 90.
Questions 1. What is the elasticity coefficient?
2. Is the demand relatively elastic or relatively inelastic?
3. Should the theater consider raising the price of popcorn further?
4. When a firm faces a downward sloping demand curve, should it ever price its product in the inelastic range of the demand curve (if it has such a range)? Explain why or why not.
5. When a firm is a monopolist (or the only seller of a product), should it price its product in the elastic or inelastic range of its demand curve? Explain.
In: Economics
Exercise 1: Average daily hotel room rate (x) and amount spent on entertainment (y) is given in the following table for different cities. a. Use these data to develop an estimated regression equation that could be used to predict the amount spent on entertainment for a given average daily hotel room rate. b. What is the value of sample correlation coefficient? c. Compute the coefficient of determination. What percentage of the variation in total amount spent on entertinment can be explained by room rate? d) Predict the amount spent on entertainment for a particular city that has a daily room rate of $89. City Room Rate ($) Entertainment ($) Boston 148 161 Denver 96 105 Nashville 91 101 New Orleans 110 142 Phoenix 90 100 San Diego 102 120 San Francisco 136 167 San Jose 90 140 Tampa 82 98
In: Accounting
CAN YOU MAKE IT SHORT RESEARCH PAPER OF THIS ARTICAL ?
I AM MAKING PROJECT ON HOMELESSNESS THIS IS SOLUTION OF THAT PROJECT
AND I HAVE TO MAKE SHORT RESEARCH PAPER TO SUBMIT BEFORE I SUBMIT FINAL PROJECT.
IN THIS PROJECT WE ARE A NON PROFIT ORGANIZATION WHICH HELP THOSE HOMELESS PEOPLE GET SHELTER SO WE MADE A CONTRACT WITH A MOTEL OR HOTEL WHICH ALLOW US TO FIND FIND HOMELESS AND SEND THEM TO OUR MOTEL OR HOTEL DURING CRITICAL SITUATION LIKE HEAVY FLOOD, RAIN,OR STORM.
I JUST WANT YOU TO MAKE A SHORT RESEARCH PAPER OF THIS ARTICAL ?
Our role: as a non-profit organization, the Coalition for the Homeless in NYC.
Focus area: Mott Haven, Bronx
Partner: Comfort Inn & Suites in Bronx, Family Shelter in Bronx, Government
Solution:
We’re partnering with Comfort Inn & Suites in Bronx to give a room for homeless people that we have data and information to stay on one of the room.
Group of homeless that priority: family with children, single mom with children, elderly (60+), disability people.
We’re asking Comfort Inn & Suites to give us at least 15 rooms (out of 84) during the low season and 7 rooms during the high season. Each room can accomodate 2 to 3 people. So we can put at least 45 homeless people for one night.
Asking special rate: Normal rate is around $142 → $49 on low season and $99 on high season (for us)
Who pay: we will pay monthly and ask government to subsidize our program at least half of the total cost. Asking local religious institution such as churches, synagogues or mosques to participate in our program.
How we select homeless?
We work together with Family Shelter Bronx to get the information of homeless people who still sleep outside the shelter
Working closely with HOME-STAT to have information for people that need immediate place to rest such as homeless with medical issue or disability.
Before we send the homeless people, at the shelter, we will give them food, ask them to shower and change clothes and check their health.
After that, we send them to the Comfort Inn & Suites to stay there for 1 week
During 1 week period, our staff will help them to find shelters in Bronx area or NYC’s area
We will help the homeless people to apply job, SOTA, or affordable housing in the NYC’s area.
If we can’t put them in the shelter within 1 week period, we will continue to pay their hotel fee for another week.
How the process in the hotel?
We will send the information first to the hotel of how many homeless will stay and give them their informations.
Each homeless that we selected need to give their ID in the reception.
The front desk will give the key to homeless on the assign room.
In case, there is a damage in the hotel room, our organization will pay the damage.
Every day, our staff will check their conditions and also follow up the plan
We will take care of them till worst condition
Current Services:
Initially hotel will be providing shelter
Provision of basic necessities
Free meals
Health check up
A better and safe environments
Future Services:
Education assistance for children under 18 and disabled.
Health care assistance.
Job opportunity
Facilities:
Safety and screening of every individual
Free meals
Health check up
Counselings
In: Operations Management
CAN YOU MAKE IT SHORT RESEARCH PAPER OF THIS ARTICAL ?
I AM MAKING PROJECT ON HOMELESSNESS THIS IS SOLUTION OF THAT PROJECT
AND I HAVE TO MAKE SHORT RESEARCH PAPER TO SUBMIT BEFORE I SUBMIT FINAL PROJECT.
IN THIS PROJECT WE ARE A NON PROFIT ORGANIZATION WHICH HELP THOSE HOMELESS PEOPLE GET SHELTER SO WE MADE A CONTRACT WITH A MOTEL OR HOTEL WHICH ALLOW US TO FIND FIND HOMELESS AND SEND THEM TO OUR MOTEL OR HOTEL DURING CRITICAL SITUATION LIKE HEAVY FLOOD, RAIN,OR STORM.
I JUST WANT YOU TO MAKE A SHORT RESEARCH PAPER OF THIS ARTICAL ?
Our role: as a non-profit organization, the Coalition for the Homeless in NYC.
Focus area: Mott Haven, Bronx
Partner: Comfort Inn & Suites in Bronx, Family Shelter in Bronx, Government
Solution:
We’re partnering with Comfort Inn & Suites in Bronx to give a room for homeless people that we have data and information to stay on one of the room.
Group of homeless that priority: family with children, single mom with children, elderly (60+), disability people.
We’re asking Comfort Inn & Suites to give us at least 15 rooms (out of 84) during the low season and 7 rooms during the high season. Each room can accomodate 2 to 3 people. So we can put at least 45 homeless people for one night.
Asking special rate: Normal rate is around $142 → $49 on low season and $99 on high season (for us)
Who pay: we will pay monthly and ask government to subsidize our program at least half of the total cost. Asking local religious institution such as churches, synagogues or mosques to participate in our program.
How we select homeless?
We work together with Family Shelter Bronx to get the information of homeless people who still sleep outside the shelter
Working closely with HOME-STAT to have information for people that need immediate place to rest such as homeless with medical issue or disability.
Before we send the homeless people, at the shelter, we will give them food, ask them to shower and change clothes and check their health.
After that, we send them to the Comfort Inn & Suites to stay there for 1 week
During 1 week period, our staff will help them to find shelters in Bronx area or NYC’s area
We will help the homeless people to apply job, SOTA, or affordable housing in the NYC’s area.
If we can’t put them in the shelter within 1 week period, we will continue to pay their hotel fee for another week.
How the process in the hotel?
We will send the information first to the hotel of how many homeless will stay and give them their informations.
Each homeless that we selected need to give their ID in the reception.
The front desk will give the key to homeless on the assign room.
In case, there is a damage in the hotel room, our organization will pay the damage.
Every day, our staff will check their conditions and also follow up the plan
We will take care of them till worst condition
Current Services:
Initially hotel will be providing shelter
Provision of basic necessities
Free meals
Health check up
A better and safe environments
Future Services:
Education assistance for children under 18 and disabled.
Health care assistance.
Job opportunity
Facilities:
Safety and screening of every individual
Free meals
Health check up
Counselings
In: Operations Management
Hannah Ortega is considering expanding her business. She plans to hire a salesperson to cover trade shows. Because of compensation, travel expenses, and booth rental, fixed costs for a trade show are expected to be $15,680. The booth will be open 32 hours during the trade show. Ms. Ortega also plans to add a new product line, ProOffice, which will cost $188 per package. She will continue to sell the existing product, EZRecords, which costs $108 per package. Ms. Ortega believes that the salesperson will spend approximately 22 hours selling EZRecords and 10 hours marketing ProOffice.
Required
Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 88 units of EZRecords and 43 units of ProOffice.
Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 204 units of EZRecords and 99 units of ProOffice.
In: Accounting
Hannah Ortega is considering expanding her business. She plans to hire a salesperson to cover trade shows. Because of compensation, travel expenses, and booth rental, fixed costs for a trade show are expected to be $7,500. The booth will be open 30 hours during the trade show. Ms. Ortega also plans to add a new product line, ProOffice, which will cost $150 per package. She will continue to sell the existing product, EZRecords, which costs $100 per package. Ms. Ortega believes that the salesperson will spend approximately 20 hours selling EZRecords and 10 hours marketing ProOffice.
1) Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 80 units of EZRecords and 50 units of ProOffice. (Round "Cost per unit" to 2 decimal places.)
2) Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 200 units of EZRecords and 100 units of ProOffice.
In: Accounting
If a firm has a total fixed cost of $75 and an average variable cost of $35 for producing 10 units of output, the average total cost would be:
If a firm has an average total cost of $55 and an average fixed cost of $10 for producing 5 units of output, then the total variable cost will be:
In: Economics