In: Economics
In: Operations Management
Companies usually, in pursuit of refining their costing system, adopt Activity-Based Costing systems with an aim to arrive at accurate cost figures. Describe, in your own words, the prominent factors/reasons (any four) that contribute to these companies’ taking such initiatives. That is, what are the main factors that are causing these companies to consider refining their costing systems?
In: Accounting
In your opinion, how this pandemic changed the way of engineering education in universities as well as engineering career post-Covid-19 and how you as a newly-graduated engineer can still contribute to the United Nation Development Plan (UNDP) Sustainable Development Goal (SDG) 2030 despite this pandemic challenge?
USE TYPING
In: Civil Engineering
In your opinion, how this pandemic changed the way of engineering education in universities as well as engineering career post-Covid-19 and how you as a newly-graduated engineer can still contribute to the United Nation Development Plan (UNDP) Sustainable Development Goal (SDG) 2030 despite this pandemic challenge?
USE TYPING
In: Civil Engineering
Which of the following correctly matches a component of the cytoskeleton to one of its functions?
a. intermediate filaments contribute to cytoplasmic streaming
b. microtubules move chromosomes during cell division
c. microtubules help muscle cells contract
d. microfilaments form channels called plasmodesmata
e. microfilaments cause ciliary bending
In: Biology
Nearly a decade-and-a-half ago The Economist magazine noted (“Pop, Crackle, Snap,” April 3, 2004), “Even desperate job-seekers think twice about accepting hazardous work such as coal-mining, cow slaughtering or cleaning up asbestos sites.” Oh, really?!? Suppose different types of people have different tastes for wages and safety. Specifically, Type 1 people are very safety-oriented while Type 2 will do “anything” for money. Suppose employers are able to provide different combinations of wages and safety. Specifically, for Type A employers safety is relatively easy/inexpensive to provide. For Type B employers safety is relatively difficult/expensive to provide.
A. Draw and identify the different workers’ indifference curves for wages and safety. Explain which curve(s) represents which type of worker.
B. Draw and identify the different firms’ isoprofit curves for wages and safety. Explain which curve(s) represents which firm.
C. Given your answers in Parts A and B above, use suitable economic analysis to demonstrate whether or not people can be persuaded to do dangerous work.
In: Economics
In this problem, assume that the distribution of differences is
approximately normal. Note: For degrees of freedom
d.f. not in the Student's t table, use
the closest d.f. that is smaller. In
some situations, this choice of d.f. may increase
the P-value by a small amount and therefore produce a
slightly more "conservative" answer.
Do professional golfers play better in their last round? Let row
B represent the score in the fourth (and final) round, and
let row A represent the score in the first round of a
professional golf tournament. A random sample of finalists in the
British Open gave the following data for their first and last
rounds in the tournament.
| B: Last | 74 | 66 | 75 | 71 | 71 | 72 | 68 | 68 | 74 |
| A: First | 69 | 67 | 62 | 71 | 65 | 71 | 71 | 71 | 71 |
Do the data indicate that the population mean score on the last
round is higher than that on the first? Use a 5% level of
significance. (Let d = B − A.)
What is the value of the sample test statistic? (Round your answer
to three decimal places.)
In this problem, assume that the distribution of differences is
approximately normal. Note: For degrees of freedom
d.f. not in the Student's t table, use
the closest d.f. that is smaller. In
some situations, this choice of d.f. may increase
the P-value by a small amount and therefore produce a
slightly more "conservative" answer.
The artifact frequency for an excavation of a kiva in Bandelier
National Monument gave the following information.
| Stratum | Flaked Stone Tools | Nonflaked Stone Tools |
| 1 | 10 | 4 |
| 2 | 9 | 3 |
| 3 | 8 | 3 |
| 4 | 1 | 3 |
| 5 | 4 | 7 |
| 6 | 38 | 32 |
| 7 | 51 | 30 |
| 8 | 25 | 12 |
Does this information indicate that there tend to be more flaked stone tools than nonflaked stone tools at this excavation site? Use a 5% level of significance. (Let d = flaked − nonflaked.)
What is the value of the sample test statistic?
In: Statistics and Probability
Cane Company manufactures two products called Alpha and Beta that sell for $240 and $162, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 131,000 units of each product. Its average cost per unit for each product at this level of activity are given below:
| Alpha | Beta | |||||||
| Direct materials | $ | 35 | $ | 15 | ||||
| Direct labor | 48 | 23 | ||||||
| Variable manufacturing overhead | 27 | 25 | ||||||
| Traceable fixed manufacturing overhead | 35 | 38 | ||||||
| Variable selling expenses | 32 | 28 | ||||||
| Common fixed expenses | 35 | 30 | ||||||
| Total cost per unit | $ | 212 | $ | 159 | ||||
The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars.
Foundational 12-12
What contribution margin per pound of raw material is earned by each of the two products? (Round your answers to 2 decimal places.)
13. Assume that Cane’s customers would buy a maximum of 100,000 units of Alpha and 80,000 units of Beta. Also assume that the company’s raw material available for production is limited to 261,000 pounds. How many units of each product should Cane produce to maximize its profits
14. Assume that Cane’s customers would buy a maximum of 100,000 units of Alpha and 80,000 units of Beta. Also assume that the company’s raw material available for production is limited to 261,000 pounds. What is the maximum contribution margin Cane Company can earn given the limited quantity of raw materials?
15. Assume that Cane’s customers would buy a maximum of 100,000 units of Alpha and 80,000 units of Beta. Also assume that the company’s raw material available for production is limited to 261,000 pounds. If Cane uses its 261,000 pounds of raw materials, up to how much should it be willing to pay per pound for additional raw materials? (Round your answer to 2 decimal places.)
In: Accounting
Selected transactions for Oriole Corporation during September
2018, its first month in business, are presented below:
| Sept. | 1 | Issued common shares in exchange for $21,000 cash. | |
| 2 | Paid $1,400 cash for rent for the month of September. | ||
| 5 | Purchased equipment for $10,500, paying $2,100 in cash and the balance on account. | ||
| 8 | Earned $7,200 in revenue, receiving $1,000 cash and $6,200 on account of services provided. | ||
| 12 | Incurred $600 in advertising expense on account. | ||
| 20 | Paid $3,300 for repairs and maintenance expenses. | ||
| 25 | Paid $5,300 cash on balance owed for equipment. | ||
| 27 | Incurred and paid income taxes for the month amounting to $800. | ||
| 30 | Declared and paid a $400 cash dividend. |
Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
In: Accounting