Golf Guide is seeking new customers through both direct mail and magazine ads. In a recent period, Golf Guide spent $25,277 on direct mail and spent $34,173 on golf magazine ads. The company gained 548 new customers through its direct mail and gained 805 new customers through its magazine ads. Calculate the overall cost per customer acquired for the combined program of direct mail and magazine ads. (Rounding: nearest penny.)
show step by step how you got the answer.
In: Accounting
Princess Cruise Lines owns five cruise ships that operate continuously in the Caribbean Sea.
As the chief financial officer, you are considering the purchase of a new machine to remove barnacles from the bottom of the ships when they are in dry dock.
Princess currently owns a machine which will provide this same function, but the machine is old (3 years old) and tends to break down a lot. This machine can be sold today for $160,000, and yes, you’ll pay some gains taxes on it. The equipment was purchased three years ago for $2,600,000 and is being depreciated over a three-year period using the MACRS method.
The new machine will cost $3,500,000, has shipping costs of $18,000 (this is added to the depreciable basis), and also will require $37,000 in working capital to support the new machine’s operation. The equipment will be depreciated using 3-year MACRS and will have an expected salvage value of $120,000 at the end of its expected economic life of four years. The working capital will also be recouped at this time.
The annual operating expense savings associated with the machine are expected to be $1,000,000 per year for the next four years. Assume a 25% tax rate. Assume any negative taxes can be immediately used as a tax credit, which makes negative taxes functionally = a positive cash flow.
In: Accounting
Princess Cruise Lines owns five cruise ships that operate continuously in the Caribbean Sea.
As the chief financial officer, you are considering the purchase of a new machine to remove barnacles from the bottom of the ships when they are in dry dock.
Princess currently owns a machine which will provide this same function, but the machine is old (3 years old) and tends to break down a lot. This machine can be sold today for $160,000, and yes, you’ll pay some gains taxes on it. The equipment was purchased three years ago for $2,600,000 and is being depreciated over a three-year period using the MACRS method.
The new machine will cost $3,500,000, has shipping costs of $18,000 (this is added to the depreciable basis), and also will require $37,000 in working capital to support the new machine’s operation. The equipment will be depreciated using 3-year MACRS and will have an expected salvage value of $120,000 at the end of its expected economic life of four years. The working capital will also be recouped at this time.
The annual operating expense savings associated with the machine are expected to be $1,000,000 per year for the next four years. Assume a 25% tax rate. Assume any negative taxes can be immediately used as a tax credit, which makes negative taxes functionally = a positive cash flow.
In: Finance
An engineer is studying early morning trafic patterns at a
particular intersection. The observation period begins at 5:30 am.
Let X denote the arrival time of the first vehicle from the
north-south direction; let Y denote the first arrival from the
east-west direction. Time is measured in fractions of an hour after
5:30 am. Assume
that the density for (X, Y) is given by f(x, y) = {1/x for
0<y<x<1 and 0 otherwise. Find the correlation coefficient
of X and Y and interpret its value within this context.
In: Statistics and Probability
According to a survey in PARADE magazine, almost half of parents say their children's weight is fine. Only 9% of parents describe their children as overweight.† However, the American Obesity Association says the number of overweight children and teens is at least 15%. Suppose that you sample n = 650 parents and the number who describe their children as overweight is x = 55.
(a)
How would you test the hypothesis that the proportion of parents who describe their children as overweight is less than the actual proportion reported by the American Obesity Association? (Round your answers to two decimal places.)
State the null and alternative hypotheses.
H0: p ? 0.15 versus Ha: p < 0.15
H0: p = 0.15 versus Ha: p < 0.15
H0: p ? 0.09 versus Ha: p < 0.09
H0: p = 0.15 versus Ha: p > 0.15
H0: p = 0.09 versus Ha: p > 0.09
Find the test statistic and rejection region. (Round your answers to two decimal places. If the test is one-tailed, enter NONE for the unused region.)
test statisticz=rejection regionz>z<
(b)
What conclusion are you able to draw from these data at the ? = 0.05 level of significance?
H0 is not rejected. There is insufficient evidence to indicate that the proportion of parents who describe their children as overweight is less than the actual proportion reported by the American Obesity Society.H0 is rejected. There is sufficient evidence to indicate that the proportion of parents who describe their children as overweight is less than the actual proportion reported by the American Obesity Society. H0 is not rejected. There is sufficient evidence to indicate that the proportion of parents who describe their children as overweight is less than the actual proportion reported by the American Obesity Society.H0 is rejected. There is insufficient evidence to indicate that the proportion of parents who describe their children as overweight is less than the actual proportion reported by the American Obesity Society.
(c)
What is the p-value associated with this test? (Round your answer to four decimal places.)
p-value =
In: Statistics and Probability
The owner of a small deli is trying to decide whether to
discontinue selling magazines. He suspects that only 10% of his
customers buy a magazine and he thinks that he might be able to use
the display space to sell something more profitable. Before making
a final decision, he decides that for one day he will keep track of
the number of customers that buy a magazine.
(a) Explain why this is a binomial experiment.
(b) Assuming his suspicion that 10% of his customers buy a magazine
is correct, what is the probability that exactly 6 out of the first
10 customers buy a magazine? Give your answer as a decimal number
rounded to two digits.
(c) What is the expected number of customers from this sample that
will buy a magazine?
In: Statistics and Probability
Fast Co. produces its product through a single processing
department. Direct materials are added at the start of production,
and conversion costs are added evenly throughout the process. The
company uses monthly reporting periods for its weighted-average
process costing system. The Work in Process Inventory account has a
balance of $92,300 as of October 1, which consists of $19,500 of
direct materials and $72,800 of conversion costs.
During the month the company incurred the following
costs:
Direct materials | $171,600 |
Conversion | 990,400 |
During October, the company started 148,000 units and transferred
158,000 units to finished goods. At the end of the month, the work
in process inventory consisted of 24,000 units that were 80%
complete with respect to conversion costs.
Required:
1. Prepare the company’s process cost summary for
October using the weighted-average method.
2. Prepare the journal entry dated October 31 to
transfer the cost of the completed units to finished goods
inventory.
In: Accounting
discuss the cruise of three Great White Fleet. What
were the messages the United States sent, and to whom were these
messages ?
In: Economics
In: Computer Science
Discuss how Active Directory provides centralized management and administration, and introduce the tools used for this purpose.
Discuss the categorizing of Active Directory resources as well as the hierarchy in which they operate and interact with each other. Explain naming contexts within forests and the different items that can be contained within organizational units.
# No plagiarism please
In: Computer Science