Questions
Consider an equation to explain salaries of CEOs in terms of annual firm sales in million...

Consider an equation to explain salaries of CEOs in terms of annual firm sales in million dollars, return on equity (roe, measured in percentage points as the unit), and return on the firm's sock (ros, measured in percentage points as the unit):

  

Asume that the following equation was obtained by OLS:

By how much is salary predicted to increase on average if ros increases by 30 percentage points while all other variables are held constant?

(Please indicate the solution this way: "66" and do not write down the symbol %. Indicate an increase with the number and a decrease with a "-" in front of the number)

In: Economics

In C++, there are 4 students that are running for class president. Create three arrays: the...

  1. In C++, there are 4 students that are running for class president. Create three arrays: the candidate’s name, the number of votes the candidate receives, and the candidate’s percentage of the total votes. Your program should be broken down into at least 3 functions: find the total number of votes, calculate values for the percentage each candidate received, and sort the number of votes from highest to lowest. Write the candidate’s name, the total number of votes they received, and the percentage of the total using the following: Joe 20 Bill 30 Sue 40 Mary 35

In: Computer Science

data to the right to complete parts​ (a) through​ (d) below. Percentage Who ​Won't Try Sushi...

data to the right to complete parts​ (a) through​ (d) below.

Percentage Who

​Won't Try Sushi (x)

​Don't Approve of Marriage Equality (y)

Generation

x

y

Millennials

46

44

Gen X

49

44

Boomers

58

56

​Silent/Greatest Generation

77

75

a. Determine the correlation coefficient between the percentage of people who​ won't try sushi and the percentage who do not approve of marriage equality.

r = ?

​(Do not round until the final answer. Then round to two decimal places as​ needed.)

b. What explanations can you offer for the correlation coefficient in part​ (a)? Choose the correct answer below.

A.

Unwillingness to try sushi and disapproval of marriage equality have no correlation.

B.

Unwillingness to try sushi and disapproval of marriage equality have a strong negative correlation.

C.

Unwillingness to try sushi and disapproval of marriage equality have a weak positive correlation.

D.

Unwillingness to try sushi and disapproval of marriage equality have a strong positive correlation.

c. Find the equation of the regression line for the percentage who​ won't try sushi and the percentage who​ don't approve of marriage equality.

y = __x+(___)

​(Round to two decimal places as​ needed.)

d. What percentage of people can we anticipate do not approve of marriage equality in a generation where 32​%

​won't try​ sushi?About _____ % ​won't approve of marriage equality.

​(Round to the nearest percent as​ needed.)

In: Statistics and Probability

A random sample of 145 recent donations at a certain blood bank reveals that 81 were...

A random sample of 145 recent donations at a certain blood bank reveals that 81 were type A blood. Does this suggest that the actual percentage of type A donations differs from 40%, the percentage of the population having type A blood? Carry out a test of the appropriate hypotheses using a significance level of 0.01.
State the appropriate null and alternative hypotheses.

H0: p = 0.40
Ha: p > 0.40 H0: p = 0.40
Ha: p < 0.40     H0: p = 0.40
Ha: p ≠ 0.40 H0: p ≠ 0.40
Ha: p = 0.40


Calculate the test statistic and determine the P-value. (Round your test statistic to two decimal places and your P-value to four decimal places.)

z =
P-value =



State the conclusion in the problem context.

Reject the null hypothesis. There is not sufficient evidence to conclude that the percentage of type A donations differs from 40%. Do not reject the null hypothesis. There is sufficient evidence to conclude that the percentage of type A donations differs from 40%.     Reject the null hypothesis. There is sufficient evidence to conclude that the percentage of type A donations differs from 40%. Do not reject the null hypothesis. There is not sufficient evidence to conclude that the percentage of type A donations differs from 40%.


Would your conclusion have been different if a significance level of 0.05 had been used?

Yes No    


You may need to use the appropriate table in the Appendix of Tables to answer this question.

In: Statistics and Probability

How profitable are different sectors of the stock market? One way to answer such a question...

How profitable are different sectors of the stock market? One way to answer such a question is to examine profit as a percentage of stockholder equity. A random sample of 25 retail stocks such as Toys 'R' Us, Best Buy, and Gap was studied for x1, profit as a percentage of stockholder equity. The result was x1 = 14.8. A random sample of 30 utility (gas and electric) stocks such as Boston Edison, Wisconsin Energy, and Texas Utilities was studied for x2, profit as a percentage of stockholder equity. The result was x2 = 10.0. Assume that σ1 = 4.9 and σ2 = 2.3.

Categorize the problem below according to parameter being estimated, proportion p, mean μ, difference of means μ1μ2, or difference of proportions p1p2. Then solve the problem.

pμ1μ2    p1p2μ



(b) Let μ1 represent the population mean profit as a percentage of stockholder equity for retail stocks, and let μ2 represent the population mean profit as a percentage of stockholder equity for utility stocks. Find a 95% confidence interval for μ1μ2. (Use 1 decimal place.)

lower limit
upper limit

(c) Examine the confidence interval and explain what it means in the context of this problem. Does the interval consist of numbers that are all positive? all negative? of different signs? At the 95% level of confidence, does it appear that the profit as a percentage of stockholder equity for retail stocks is higher than that for utility stocks?

In: Statistics and Probability

The owner of New YorkNew York Restaurant is disappointed because the restaurant has been averaging 4...

The owner of

New YorkNew York

Restaurant is disappointed because the restaurant has been averaging

4 comma 0004,000

pizza sales per​ month, but the restaurant and wait staff can make and serve

5 comma 0005,000

pizzas per month. The variable cost​ (for example,​ ingredients) of each pizza is

$ 1.15$1.15.

Monthly fixed costs​ (for example,​ depreciation, property​ taxes, business​ license, and​ manager's salary) are

$ 4 comma 000$4,000

per month. The owner wants cost information about different volumes so that some operating decisions can be made.Read the requirements

LOADING...

.

Requirement 1. Use the chart below to provide the owner with the cost information. Then use the completed chart to help you answer the remaining questions. ​(Enter total variable costs to the nearest dollar. Enter costs per​ pizza, price per​ pizza, and profit per pizza to the nearest​ cent.)

Monthly pizza volume. . . . . . . . . . . .

2,000

4,000

5,000

Total fixed costs. . . . . . . . . . . . . . .

Total variable costs. . . . . . . . . . . . . .

Total costs

Fixed cost per pizza. . . . . . . . . . . . .

Variable cost per pizza. . . . . . . . . . .

Average cost per pizza. . . . . . . . . . .

Selling price per pizza. . . . . . . . . . . .

$5.75

$5.75

$5.75

Average profit per pizza. . . . . . . . . .

Enter any number in the edit fields and then click Check Answer.

5

parts remaining

Clear All

Check Answer

Requirements

1.

Use the chart below to provide the owner with the cost information. Then use the completed chart to help you answer the remaining questions.

2.

From a cost​ standpoint, why do companies such as

New YorkNew York

Restaurant want to operate near or at full​ capacity?

3.

The owner has been considering ways to increase the sales volume. The owner thinks that

5 comma 0005,000

pizzas could be sold per month by cutting the selling price per pizza from

$ 5.75$5.75

a pizza to

$ 5.25$5.25.

How much extra profit​ (above the current​ level) would be generated if the selling price were to be​ decreased? (Hint: Find the​ restaurant's current monthly profit and compare it to the​ restaurant's projected monthly profit at the new sales price and​ volume.)

In: Accounting

National Corporation needs to set a target price for its newly designed product M14–M16. The following...

National Corporation needs to set a target price for its newly designed product M14–M16. The following data relate to this new product.

Per Unit Total
Direct materials $23
Direct labor $36
Variable manufacturing overhead $14
Fixed manufacturing overhead $1,264,000
Variable selling and administrative expenses $ 7
Fixed selling and administrative expenses $ 1,106,000


These costs are based on a budgeted volume of 79,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 50%.

Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14–M16.

Variable cost per unit $enter a dollar amount
Fixed cost per unit enter a dollar amount
Total cost per unit $enter a total of the two previous amounts

eTextbook and Media

  

  

Compute the desired ROI per unit for M14–M16.

Desired ROI $enter the desired ROI per unit in dollars per unit

eTextbook and Media

  

  

Compute the target selling price for M14–M16.

Target selling price per unit $enter the target selling price per unit in dollars

eTextbook and Media

  

  

Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 59,250 M14–M16s are produced and sold during the year.

Variable cost per unit $enter a dollar amount
Fixed cost per unit enter a dollar amount
Total cost per unit $enter a total of the two previous amounts

In: Accounting

Speedy Auto Repairs uses a job-order costing system. The company’s direct materials consist of replacement parts...

Speedy Auto Repairs uses a job-order costing system. The company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. Speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. The company applies all of its overhead costs to jobs based on direct labor-hours. At the beginning of the year, it made the following estimates: Direct labor-hours required to support estimated output 30,000 Fixed overhead cost $ 405,000 Variable overhead cost per direct labor-hour $ 1.00 Required:

1. Compute the predetermined overhead rate.

2. During the year, Mr. Wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. The following information was available with respect to his job: Direct materials $ 619 Direct labor cost $ 113 Direct labor-hours used 4 Compute Mr. Wilkes’ total job cost.

3. If Speedy establishes its selling prices using a markup percentage of 40% of its total job cost, then how much would it have charged Mr. Wilkes?

In: Accounting

Speedy Auto Repairs uses a job-order costing system. The company’s direct materials consist of replacement parts...

Speedy Auto Repairs uses a job-order costing system. The company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. Speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room.

The company applies all of its overhead costs to jobs based on direct labor-hours. At the beginning of the year, it made the following estimates:

Direct labor-hours required to support estimated output 28,000
Fixed overhead cost $ 364,000
Variable overhead cost per direct labor-hour $ 1.00

Required:

1. Compute the predetermined overhead rate.

2. During the year, Mr. Wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. The following information was available with respect to his job:

Direct materials $ 777
Direct labor cost $ 215
Direct labor-hours used 2

Compute Mr. Wilkes’ total job cost.

3. If Speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged Mr. Wilkes?

In: Accounting

SHOW WORK FOR BOTH PROBLEMS PLEASE!!! 1.) The Heating Division of Kobe International produces a heating...

SHOW WORK FOR BOTH PROBLEMS PLEASE!!!

1.) The Heating Division of Kobe International produces a heating element that it sells to its customers for $47 per unit. Its variable cost per unit is $30, and its fixed cost per unit is $8. Top management of Kobe International would like the Heating Division to transfer 14,700 heating units to another division within the company at a price of $35. The Heating Division is operating at full capacity. Assume that the units being requested are special high-performance units and that the division's variable cost would be $24 per unit (rather than $30). What is the minimum transfer price that the Heating Division should accept?

Minimum transfer price =

2.) Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $15, direct labor $9, variable manufacturing overhead $10, fixed manufacturing overhead $12, variable selling and administrative expenses $5, and fixed selling and administrative expenses $8. Using a 39% markup percentage on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.)

Target selling price=

In: Accounting