Problem:
The distribution of micro-strokes per year in the general population can be modeled as a random variable M=N(u=40, σ=4). A research study found 80 out of 100 patients with M>48 (that is more than 48 micro-strokes) suffered a major stroke within a year whereas only 30 out of 100 patients with M≤48 did. What is the probability a person picked randomly from the same population suffers a major stroke within a year?
In: Statistics and Probability
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |||||
| Total cash receipts | $ | 280,000 | $ | 400,000 | $ | 330,000 | $ | 350,000 |
| Total cash disbursements | $ | 344,000 | $ | 314,000 | $ | 304,000 | $ | 324,000 |
The company’s beginning cash balance for the upcoming fiscal year
will be $45,000. The company requires a minimum cash balance of
$10,000 and may borrow any amount needed from a local bank at a
quarterly interest rate of 3%. The company may borrow any amount at
the beginning of any quarter and may repay its loans, or any part
of its loans, at the end of any quarter. Interest payments are due
on any principal at the time it is repaid. For simplicity, assume
that interest is not compounded.
Required:
Prepare the company’s cash budget for the upcoming fiscal year. (Repayments, and interest, should be indicated by a minus sign.)
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |||||
| Total cash receipts | $ | 280,000 | $ | 400,000 | $ | 330,000 | $ | 350,000 |
| Total cash disbursements | $ | 344,000 | $ | 314,000 | $ | 304,000 | $ | 324,000 |
The company’s beginning cash balance for the upcoming fiscal year
will be $45,000. The company requires a minimum cash balance of
$10,000 and may borrow any amount needed from a local bank at a
quarterly interest rate of 3%. The company may borrow any amount at
the beginning of any quarter and may repay its loans, or any part
of its loans, at the end of any quarter. Interest payments are due
on any principal at the time it is repaid. For simplicity, assume
that interest is not compounded.
Required:
Prepare the company’s cash budget for the upcoming fiscal year. (Repayments, and interest, should be indicated by a minus sign.)
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |||||
| Total cash receipts | $ | 280,000 | $ | 400,000 | $ | 330,000 | $ | 350,000 |
| Total cash disbursements | $ | 344,000 | $ | 314,000 | $ | 304,000 | $ | 324,000 |
The company’s beginning cash balance for the upcoming fiscal year
will be $45,000. The company requires a minimum cash balance of
$10,000 and may borrow any amount needed from a local bank at a
quarterly interest rate of 3%. The company may borrow any amount at
the beginning of any quarter and may repay its loans, or any part
of its loans, at the end of any quarter. Interest payments are due
on any principal at the time it is repaid. For simplicity, assume
that interest is not compounded.
Required:
Prepare the company’s cash budget for the upcoming fiscal year. (Repayments, and interest, should be indicated by a minus sign.)
In: Accounting
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |||||
| Total cash receipts | $ | 270,000 | $ | 420,000 | $ | 300,000 | $ | 320,000 |
| Total cash disbursements | $ | 323,000 | $ | 293,000 | $ | 283,000 | $ | 303,000 |
The company’s beginning cash balance for the upcoming fiscal year
will be $38,000. The company requires a minimum cash balance of
$10,000 and may borrow any amount needed from a local bank at a
quarterly interest rate of 3%. The company may borrow any amount at
the beginning of any quarter and may repay its loans, or any part
of its loans, at the end of any quarter. Interest payments are due
on any principal at the time it is repaid. For simplicity, assume
that interest is not compounded.
Required:
Prepare the company’s cash budget for the upcoming fiscal year. (Repayments, and interest, should be indicated by a minus sign.)
In: Accounting
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |||||
| Total cash receipts | $ | 230,000 | $ | 380,000 | $ | 260,000 | $ | 280,000 |
| Total cash disbursements | $ | 295,000 | $ | 265,000 | $ | 255,000 | $ | 275,000 |
The company’s beginning cash balance for the upcoming fiscal year
will be $30,000. The company requires a minimum cash balance of
$10,000 and may borrow any amount needed from a local bank at a
quarterly interest rate of 3%. The company may borrow any amount at
the beginning of any quarter and may repay its loans, or any part
of its loans, at the end of any quarter. Interest payments are due
on any principal at the time it is repaid. For simplicity, assume
that interest is not compounded.
Required:
Prepare the company’s cash budget for the upcoming fiscal year. (Repayments, and interest, should be indicated by a minus sign.)
In: Accounting
DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.
|
Month |
|||||
| 1 | 2 | 3 | 4 | ||
| Throughput time (days) | ? | ? | ? | ? | |
| Delivery cycle time (days) | ? | ? | ? | ? | |
| Manufacturing cycle efficiency (MCE) | ? | ? | ? | ? | |
| Percentage of on-time deliveries | 80% | 81% | 86% | 93% | |
| Total sales (units) | 10,450 | 10,450 | 10,420 | 10,480 | |
Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:
|
Average per Month (in days) |
|||||||||
| 1 | 2 | 3 | 4 | ||||||
| Move time per unit | 0.3 | 0.6 | 0.6 | 0.4 | |||||
| Process time per unit | 0.6 | 0.3 | 0.4 | 0.4 | |||||
| Wait time per order before start of production | 9.3 | 8.0 | 6.0 | 4.0 | |||||
| Queue time per unit | 3.2 | 3.4 | 2.6 | 1.8 | |||||
| Inspection time per unit | 0.7 | 0.8 | 0.6 | 0.8 | |||||
Required:
1-a. Compute the throughput time for each month. (Round your answers to 1 decimal place.)
1-b. Compute the manufacturing cycle efficiency (MCE) for each month. (Round your answers to 1 decimal place.)
1-c. Compute the delivery cycle time for each month. (Round your answers to 1 decimal place.)
3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE. (Round your answers to 1 decimal place.)
3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE. (Round your answers to 1 decimal place.)
In: Accounting
Q1) Last year the government made a claim that the average income of the American people was $34100 However, a sample of 25 people taken recently showed an average income of $34,665 with a standard deviation of $3200. Is the government’s estimate too low? Conduct a significance test to see if the true mean is more than the reported average by the government. Use α=0.05.
(a) State the null and alternative hypothesis.
(b) Calculate the test statistic.
(c) Calculate the p-value. Round to 4 decimal places
(d) Make a decision at the 0. 05 significance level to reject Ho or fail to reject Ho.
(e) Write your conclusion in the context of the claim.
Q2) A drug manufacturer claims that fewer than 10% of patients who take its new drug for treating Alzheimer’s disease will experience nausea. In a random sample of 500 patients, 47 experienced nausea. Perform a significance test at the 5% significance level to test this claim.
(a) State the null and alternative hypothesis.
(b) Calculate the test statistic.
(c) Calculate the p-value. Round to 4 decimal places
(d) Make a decision at the 0. 05 significance level to reject Ho or fail to reject Ho.
(e) Write your conclusion in the context of the claim.
In: Statistics and Probability
2019 is the first year of operation for Flitz Company. Applicable tax rates enacted by the end of 2018 are as follows:2019 25%2020 20%2021 and later 30%Compute the amount of deferred taxes to appear on the balance sheet at 12/31/19 with proper classifications, prepare the journal entry to record income tax expense for 2019, and show the current and deferred portions of income tax expense on the income statement for 2019.(a) In 2019 Flitz had pre-tax financial income of $450,000.(b) Pre-tax financial income was different from taxable income due to the following:Depreciation, the straight-line method for financial purpose while MACRS is used for tax purpose 35,000(tax-deductible in 2019, expense in 2020 20,000 in 2021 15,000)Fine for pollution 8,000(not tax-deductible, expense in 2019) Revenue received in advance 14,000(taxable 2019, revenue in 2020)Revenue from investment on equity method for financial purpose and cost method is used for tax purpose 10,000(revenue in 2019, taxable in 2020) Litigation accrual 80,000(expense in 2019, tax-deductible in 2022)Interest received on municipal bonds 6,000(revenue in 2019, not taxable)
In: Accounting
In: Statistics and Probability
The UD Women's Golf Team qualified for nationals this year (really they did; the rest is untrue) ... and the two best golfers on the squad were very well matched. Golfer 1 played 112 rounds (n1 =112) this year with an average score of 69.95 and golfer 2 played 84 rounds (n2 = 84) with an average score of 69.56. Assuming both had population standard deviations of 2.5 and that the confidence level we wanted was 99%, test the hypothesis that there was no difference between the population mean scores for UD's top two golfers.
In: Statistics and Probability
The average household of four has about 2,000 lbs of laundry in a year. Suppose this data is normally distributed with a standard deviation of 187.5. Find the probability that a random sample of 49 families will have less than 1980 lbs. of laundry per year. Round the final answers to at least four decimal places and intermediate z-value calculations to two decimal places.
A.0.3409
B.0.2266
C.0.6591
D.0.7734
2. Find critical z-value for 92% confidence interval. Answer should have a positive value with 2 decimal places.
3. Find critical z-value for 84% confidence interval. Answer should have a positive value with 2 decimal places.
In: Statistics and Probability