The dataset Golfers2008.xlsx saved in Datasets in Blackboard contains data on the top 40 golfers in 2008. This was the year when Tiger Woods won the U.S. Open in June and then had year-ending surgery.

Using all the explanatory variables, run a regression predicting Earnings per Round.

Determine the best fit model by removing any insignificant x-variables.   Rerun the analysis with your best fit model. Make a clear notation of which model is your best-fit model by labeling the worksheet of that model “BEST FIT MODEL”.

Your business partner is strongly opposed to your proposal to charge your largest customers lower prices for your web-based services than you will charge your smaller customers. Your business partner is arguing it is unethical. Explain why both customers will be satisfied with the deal? What kind of price discrimination is this type of segmentation? How will the plan increase revenue?

Togbi and Mama were partners sharing profits and losses in the ratio 2:1 respectively. The following trial balance was extracted from their books on 31^st December, 2004

Additional Information:

1. Stock in trade at 31^st December,2004 was GH¢11,750
2. Depreciation on office equipment is to be provided at 10% per annum on straight-line basis
3. Wages and salaries outstanding at 31/12/2004 were GH¢200
4. Rates paid in advance at 31/12/2004 amounted to GH¢25
5. Interest on drawings is to be charged as follows: Togbi GH¢85 and Mama GH¢55
6. Interest on capital is to be credited at the rate of 5% per annum
7. Provision for doubtful debts is GH¢80

            Required: all workings must be shown clearly, prepare

1. Trading and profit and loss accounts
2. Appropriation accounts
3. The Partners’ Current Accounts
4. Balance Sheet as at 31^st December,2004

Posa Hotels, Inc., has a sixth night free policy. Every sixth night a guest stays at the hotel is free. Because not all guests stay enough nights to earn a free stay, on average the number of free nights redeemed is 70% of the maximum possible number of free nights available one obtains by dividing the total number of paid nights the hotel has had by 5. Rooms at Posa Hotels cost $300 per night. In 2019, Posa had a total of 100,000 paid room-nights and collected a total of $30 million from customers. Also in 2019, customers redeemed a total of 10,000 free room-nights. Some of the room-nights awarded were based on customers paid nights from previous years and some were based on paid nights from the current year. Required: Prepare journal entries to record revenue for 2019 for Posa. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) 1)Prepare the entry to record the revenue recognized for the nights paid by customers. 2)Prepare the entry to record the revenue recognized for the free nights redeemed by customers.

A businessman asks you to produce a profitability profile of his customers. Once you have provided it, he remarks: "So I should drop all those customers where the costs of servicing the customer exceed the revenue from that customer?" Answer him and explain

A businessman asks you to provide a profitability profile of his customers. Once you have provided it, he remarks: "so i should drop all those customers where the costs of servicing the customer exceed the revenue from that customer?" Answer him and explain.

Justine is a smartphone developer, her free app currently has 500 000 users. She is thinking of making a premium version. She assumes that for each 5$ increase in price the number of paying customers decreases by a factor of 1/2, i.e. half of her current paying customers will stop paying for her app.

(a) If pp is the price in dollars and CC is the number of paying customers, find the exponential function

C=f(p)

that models this situation.

(b) Her total revenue

R

is given by the number of paying customers times the price of the app, or

R=p⋅f(p).

Give the formula for dR/dp.

(c) Suppose that Justine is selling her app for 10$$. Compute dR/dp|p=10. Given this result, should Justine increase or decrease the price to get more revenue. Give a brief justification involving units.

A company like Golf USA that sells golf-related merchandise typically will have inventory items such as golf clothing and golf equipment. As technology advances the design and performance of the next generation of drivers, the older models become less marketable and therefore decline in value. Suppose that in 2018, Ping (a manufacturer of golf clubs) introduces the MegaDriver II, the new and improved version or the MegaDriver. Below are amounts related to Golf USA's inventory at the end of 2018.

Do not copy from chegg.

Record any necessary adjustment to inventory.

A barber shop has an average of 12 customers between 8.00am and 9.00am every Saturday. Customers arrive according to Poisson distribution. Let X represent the time between arrivals.

(a) Construct the distribution for the random variable X?

(b) Find the mean and standard deviation of X.

(c) What is the probability that the time between consecutive arrivals (customers) will fall between 3 and 6 minutes?

The scores on a math test are normally distributed with a mean of 74 and a standard deviation of 8. The test scores range from 0 to 100. Seven students had test scores between 82 and 98. Estimate the number of students who took the test.