Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 5%. For example, if a hospital buys supplies from Worley that cost Worley $100 to buy from manufacturers, Worley would charge the hospital $105 to purchase these supplies.

For years, Worley believed that the 5% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits, Worley decided to implement an activity-based costing system to help improve its understanding of customer profitability. The company broke its selling and administrative expenses into five activities as shown:

Worley gathered the data below for two of the many hospitals that it serves—University and Memorial (each hospital purchased medical supplies that had cost Worley $31,000 to buy from manufacturers):

Required:

1. Compute the total revenue that Worley would receive from University and Memorial.

2. Compute the activity rate for each activity cost pool.

3. Compute the total activity costs that would be assigned to University and Memorial.

4. Compute Worley’s customer margin for University and Memorial. (Hint: Do not overlook the $31,000 cost of goods sold that Worley incurred serving each hospital.)

Compute the total revenue that Worley would receive from University and Memorial.

Required1

Required2

Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.)

Compute the total activity costs that would be assigned to University and Memorial.

Required3

Required4

Compute Worley’s customer margin for University and Memorial. (Hint: Do not overlook the $31,000 cost of goods sold that Worley incurred serving each hospital.) (Loss amounts should be indicated with a minus sign. Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole number.)

Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 9%. For example, if a hospital buys supplies from Worley that cost Worley $100 to buy from manufacturers, Worley would charge the hospital $109 to purchase these supplies. For years, Worley believed that the 9% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits, Worley decided to implement an activity-based costing system to help improve its understanding of customer profitability. The company broke its selling and administrative expenses into five activities as shown: Activity Cost Pool (Activity Measure) Total Cost Total Activity Customer deliveries (Number of deliveries) $ 595,000 7,000 deliveries Manual order processing (Number of manual orders) 568,000 8,000 orders Electronic order processing (Number of electronic orders) 336,000 14,000 orders Line item picking (Number of line items picked) 782,000 460,000 line items Other organization-sustaining costs (None) 630,000 Total selling and administrative expenses $ 2,911,000 Worley gathered the data below for two of the many hospitals that it serves—University and Memorial (each hospital purchased medical supplies that had cost Worley $31,000 to buy from manufacturers): Activity Activity Measure University Memorial Number of deliveries 17 28 Number of manual orders 0 44 Number of electronic orders 18 0 Number of line items picked 180 290 Required:

1. Compute the total revenue that Worley would receive from University and Memorial.

2. Compute the activity rate for each activity cost pool.

3. Compute the total activity costs that would be assigned to University and Memorial.

4. Compute Worley’s customer margin for University and Memorial. (Hint: Do not overlook the $31,000 cost of goods sold that Worley incurred serving each hospital.)

Compute the total revenue that Worley would receive from University and Memorial.

ompute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.)

Compute the total activity costs that would be assigned to University and Memorial.

Compute Worley’s customer margin for University and Memorial. (Hint: Do not overlook the $31,000 cost of goods sold that Worley incurred serving each hospital.) (Loss amounts should be indicated with a minus sign. Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole number.)

• Required 3

Ten cavemen with a remaining average life expectancy of 10 years use a path from their cave to a spring some distance away. The path is not easily traveled due to 100 large stones that could be removed. The annual benefit to each individual if the stones were removed is $9.50. Each stone can be removed at a cost of $1.50. The interest rate is 2 %.

a.Compute the benefit/cost ratio for the individual if he alone removed the 100 stones.

enter the benefit to cost ratio rounded to 2 decimal places?

B.compute the benefit ratio for the individual if the task was undertaken collectively, with each individual removing 10 stones

c.What maximum amount may be charged by a manager who organize the group effort if the minimum acceptable benefit/cost ratio is 2?

GL0402- Based on Problem 4-1A LO C3, P2, P3

On April 1, 2017, Robert King created a new travel agency, King Travel. The following transactions occurred during the company’s first month.

Information for month-end adjustments follows:

1. Two-thirds (or $100) of one month’s insurance coverage has expired.
2. At the end of the month, $950 of office supplies are still available.
3. This month’s depreciation on the computer equipment is $370.
4. Employees earned $616 of unpaid and unrecorded salaries as of month-end.
5. The company earned $1,810 of commissions that are not yet billed at month-end.

Income Statements, Balance Sheet

On April 1, 2020, Jennifer Stafford created a new travel agency, See-It-Now Travel. The following transactions occurred during the company’s first month.

Q = A university is hiring new construction company and need to come with a blueprint. They are debating on how much distance/km belonging to a forested park can be preserved. Within this region, there are 250 residents and each have an identical inverse dmnd function where P = 20 - Q. Here, Q represents the amount of distance/km preserved. P is the representing per distance cost; that an individual is willing to pay for the amount of distance (Q).

Note: Margnal cost value is $800 per distnce/km

1. To support this question, Incorporate the marginal cost curve/, marginal benefit curve and write aggregate demand and plot these into graph

2.How much km is required fro be preserve in the context of efficient allocation,

1. Suppose the scores on a chemistry test were normally distributed with a mean of 78 and a standard deviation of 10. If a student who completed the test is chosen at random,

a. Find the probability that the student earned fewer than 75 points.

b. Find the probability that the student earned at least 70 points.

c. Find the probability that the student earned between 80 and 90 points.

d. Find the probability that the student earned either less than 80 points or more than 90 points.

Q4. In a survey of

3272

adults aged 57 through 85​ years, it was found that

81.1​%

of them used at least one prescription medication.

b. Construct a​ 90% confidence interval estimate of the percentage of adults aged 57 through 85 years who use at least one prescription medication.

nothing​%less than<pless than<nothing​%

​(Round to one decimal place as​ needed.)

What do the results tell us about the proportion of college students who use at least one prescription​ medication?

A.The results tell us​ that, with​ 90% confidence, the probability that a college student uses at least one prescription medication is in the interval found in part​ (b).

B.The results tell us that there is a​ 90% probability that the true proportion of college students who use at least one prescription medication is in the interval found in part​ (b).

C.The results tell us​ that, with​ 90% confidence, the true proportion of college students who use at least one prescription medication is in the interval found in part​ (b).

D.The results tell us nothing about the proportion of college students who use at least one prescription medication.

Paired-samples t test and graduate admissions: Is it harder to get into graduate programs in psychology or in history? We randomly selected five institutions from among all U.S. institutions with graduate programs. The first number for each is the minimum grade point average (GPA) for applicants to the psychology doctoral program, and the second is for applicants to the history doctoral program. These GPAs were posted on the Web site of the well-known college guide company Peterson’s. Wayne State University: 3.0, 2.75 University of Iowa: 3.0, 3.0 University of Nevada, Reno: 3.0, 2.75 George Washington University: 3.0, 3.0 University of Wyoming: 3.0, 3.0

The participants are not people; explain why it is appropriate to use a paired-samples t test for this situation.

Conduct all six steps of a paired-samples t test. Be sure to label all six steps.

Calculate the effect size and explain what this adds to your analysis.

Report the statistics as you would in a journal article.

The Drug Company developed a new sleeping pill. The drug is called Star and was approved by the FDA in 2016. In 2017 the company began to notice problems with this drug. People who were prescribed Star reported feeling sleepy during the next day and developing a dependence on this drug. The company reacted immediately and stopped selling Star near the end of 2017. In the last six months of 2018, the company was sued by 1,000 people who experienced grogginess and dependency reaction to the sleeping pill. At the end of 2018, the company’s attorneys believe there is a 60% chance the company will need to make payments in the range of $1,000 to $5,000 to settle each claim. At the end of 2019, while none of the cases have been resolved, the company’s attorneys now believe there is an 80% chance the company will need to make payments in the range of $2,000 to $7,000 to settle each claim. In 2020, 400 claims were settled at a total cost of $1.2 million. Based on this experience, the company believes 30% of the remaining cases will be settled for $3,000 each, 50% will be settled for $5,000 and 20% will be settled for $10,000 each. The company is in the process of the first-time adoption of IFRS and needs to report under US GAAP and IFRS, as required by IFRS 1. Using US GAAP and IFRS, show what journal entries would be required in 2017, 2018, 2019 and 2020.