Assume you are managing a company division in a country where bribes and kickbacks are “customary.”
In: Operations Management
Women have head circumferences that are normally distributed with a mean given by mu equals 22.14 in., and a standard deviation given by sigma equals 0.8 in. Complete parts a through c below. a. If a hat company produces women's hats so that they fit head circumferences between 21.4 in. and 22.4 in., what is the probability that a randomly selected woman will be able to fit into one of these hats?
The probability is . (Round to four decimal places as needed.)
b. If the company wants to produce hats to fit all women except for those with the smallest 1.5% and the largest 1.5% head circumferences, what head circumferences should be accommodated?
The minimum head circumference accommodated should be
The maximum head circumference accommodated should be . (Round to two decimal places as needed.)
c. If 19 women are randomly selected, what is the probability that their mean head circumference is between 21.4 in. and 22.4 in.? If this probability is high, does it suggest that an order of 19 hats will very likely fit each of 19 randomly selected women? Why or why not? (Assume that the hat company produces women's hats so that they fit head circumferences between 21.4 in. and 22.4 in.)
The probability is . (Round to four decimal places as needed.)
If this probability is high, does it suggest that an order of 19 hats will very likely fit each of 19 randomly selected women? Why or why not?
A. Yes, the order of 19 hats will very likely fit each of 19 randomly selected women because both 21.4 in. and 22.4 in. lie inside the range found in part (b).
B. No, the hats must fit individual women, not the mean from 19 women. If all hats are made to fit head circumferences between 21.4 in. and 22.4 in., the hats won't fit about 7.78% of those women.
C. No, the hats must fit individual women, not the mean from 19 women. If all hats are made to fit head circumferences between 21.4 in. and 22.4 in., the hats won't fit about half of those women.
D. Yes, the probability that an order of 19 hats will very likely fit each of 19 randomly selected women is 0.9222.
PLEASE SHOW WORK USING A TI-84 Calculator AND By HAND
In: Statistics and Probability
a. Children exposed to the chemical waste who do not suffer from ALL
b. Children from the public health clinic who do not suffer from ALL
c. Children not exposed to the chemical waste who suffer from ALL
d. Children who suffered from ALL but were cured
In: Nursing
For e-textbooks, B&N uses the agency model. How much revenue would it record for each sale? The full price of the textbook, or the commission earned on the sale? (Review the Revenue Recognition footnote below.)
Revenue Recognition
Revenue from sales of the Company’s products is recognized at the time of sale or shipment, other than those with multiple elements and Free On Board (FOB) destination point shipping terms. The Company accrues for estimated sales returns in the period in which the related revenue is recognized based on historical experience. ECommerce revenue from sales of products ordered through the Company’s websites is recognized upon estimated delivery and receipt of the shipment by its customers. Freight costs are included within the Company’s cost of sales and occupancy. Sales taxes collected from retail customers are excluded from reported revenues. All of the Company’s sales are recognized as revenue on a “net” basis, including sales in connection with any periodic promotions offered to customers. The Company does not treat any promotional offers as expenses In accordance with ASC 605-25, Revenue Recognition, Multiple-Element Arrangements, and Accounting Standards Updates (ASU) 2009-13 and 2009-14, for multiple-element arrangements that involve tangible products that contain software that is essential to the tangible product’s functionality, undelivered software elements that relate to the tangible product’s essential software and other separable elements, the Company allocates revenue to all deliverables using the relative selling-price method. Under this method, revenue is allocated at the time of sale to all deliverables based on their relative selling price using a specific hierarchy. The hierarchy is as follows: vendor specific objective evidence, third-party evidence of selling price, or best estimate of selling price. NOOK® device revenue is recognized at the segment point of sale. The Company includes post-service customer support (PCS) in the form of software updates and potential increased functionality on a when-and-if-available basis with the purchase of a NOOK® from the Company. Using the relative selling-price method described above, the Company allocates revenue based on the best estimate of selling price for the deliverables as no vendor-specific objective evidence or third-party evidence exists for any of the elements. Revenue allocated to NOOK® and the software essential to its functionality is recognized at the time of sale, provided all other conditions for revenue recognition are met. Revenue allocated to the PCS is deferred and recognized on a straight-line basis over the 2-year estimated life of a NOOK® device. The average percentage of a NOOK®’s sales price that is deferred for undelivered items and recognized over its 2-year estimated life ranges between 0% and 5%, depending on the type of device sold. The amount of NOOK®-related deferred revenue as of April 29, 2017 and April 30, 2016 was $226 and $160, respectively. These amounts are classified on the Company’s balance sheet in accrued liabilities for the portion that is subject to deferral for one year or less and other long-term liabilities for the portion that is subject to deferral for more than one year. The Company also pays certain vendors who distributed NOOK® a commission on the content sales sold through that device. The Company accounted for these transactions as a reduction in the sales price of the NOOK® based on historical trends of content sales and a liability was established for the estimated commission expected to be paid over the life of the product. The Company recognizes revenue of the content at the point of sale of the content. The Company records revenue from sales of digital content, sales of third-party extended warranties, service contracts and other products, for which the Company is not obligated to perform, and for which the Company does not meet the criteria for gross revenue recognition under ASC 605-45-45, Reporting Revenue Gross as a Principal versus Net as an Agent, on a net basis. All other revenue is recognized on a gross basis. The Company rents physical textbooks. Revenue from the rental of physical textbooks is deferred and recognized over the rental period commencing at point of sale. The Company offers a buyout option to allow the purchase of a rented book at the end of the semester. The Company records the buyout purchase when the customer exercises and pays the buyout option price. In these instances, the Company would accelerate any remaining deferred rental revenue at the point of sale. NOOK acquires the rights to distribute digital content from publishers and distributes the content on www.barnesandnoble.com, NOOK® devices and other eBookstore platforms. Certain digital content is distributed under an agency pricing model, in which the publishers set prices for eBooks and NOOK receives a commission on content sold through the eBookstore. The majority of the Company’s eBooks are sold under the agency model. The Barnes & Noble Member Program offers members greater discounts and other benefits for products and services, as well as exclusive offers and promotions via e-mail or direct mail, for an annual fee of $25.00, which is nonrefundable after the first 30 days. Revenue is recognized over the 12-month period based upon historical spending patterns for Barnes & Noble Members.
In: Accounting
Please show work step by step
1) You own a restaurant and are considering additional waiters. Alfred’s pay scheme would be $120 per evening. Blanchard’s pay scheme would be $10 per table served.
A. Which would be considered a variable coat and which a fixed cost?
B. Charles, a third potential waiter, asks for $60 per evening plus $5/table. From the perspectives of Alfred, Blanchard an Charles, who is taking the most risk and who the least? Who has the most to gain and who the least? C. As you are about to choose, Dutch enters and offers the following: He will accept $7.50/table but wants a guarantee of minimum $30 per evening. Comparing Charles’ and Dutch’s offers, where do they “break even” for you (i.e., at how many tables will you be paying them the same amount)?
2) XYZ company is looking for investors. For an investment (price) of $25 per unit (share) of preferred stock it will pay $1 dividend annually
XYZ is also issuing (selling) to investors another type of preferred stock for $25. Unlike the above ordinary preferred, in case of a missed dividend (not enough money “coming down the waterfall”), the unpaid amount any year will be added to its dividend the following year, and continue so until all missed payments are made.
What should be the dividend of this “cumulative preferred” compared to the 1% of the ordinary?
3) In which two ways is corporate profits tax similar to the payments to common shareholders (owners) as opposed to the claimants higher up on the company cash flow waterfall?
In: Finance
You are a manager at PopUp Company, who manufactures toaster ovens. Your company produces two types of toaster ovens: basic and deluxe. PopUp Company currently uses a traditional unit-based costing system, however, you feel strongly the company should switch to an activity-based costing system. You believe this change would provide you more accurate costing information, which would allow for better strategic decision making.
Required:
1.Compare the traditional and activity-based cost management systems. Give advantages and disadvantages of each and discuss how these concepts will relate to PopUp Company.
2.
| PopUp Company produces two types of toasters, basic and deluxe. For the current period, the company reports the following data: | |||||||||
| Basic Toaster | Deluxe Toaster | ||||||||
| Volume | 20,000 units | 5,000 units | |||||||
| Machine Hours | 1,000 | 2,400 | |||||||
| Batches | 315 | 125 | |||||||
| Engineering Modifications | 20 | 50 | |||||||
| Prime Costs | $20,000 | $30,000 | |||||||
| Market Price | $25 per unit | $60 per unit | |||||||
| Additional Information Follows | |||||||||
| Costs | Driver | ||||||||
| Engineering Support | $15,900 | Modifications | |||||||
| Electricity | 25,000 | Machine Hours | |||||||
| Setup costs | 33,900 | Batches | |||||||
| 1) Compute the manufacturing cost per unit of each toaster using the current unit-based approach. | |||||||||
| Under this system costs are assigned to the toasters on the basis of machine hours. | |||||||||
| 2) Compute the manufacturing cost per unit of each toaster using an activy-based costing approach | |||||||||
In: Accounting
In: Finance
do it by excel
Bonuses to key employees based on net income for 2017 are estimated to be $150,000 On December 1, 2017, the company borrowed $600,000 at 8% per year. Interest is paid quarterly. Accounts receivable at December 31, 2017, is $10,000,000. An aging analysis indicates that Baylor's expense provision for doubtful accounts is estimated to be 3% of the receivables balance. On December 15, 2017, the company declared a $2.00 per share dividend on the 40,000 shares of common stock outstanding, to be paid on January 5, 2018. During the year, customer advances of $160,000 were received; $50,000 of this amount was earned by December 31, 2017.
What is the Current Liabilities ?
What is the total amount of Current Liabilities ?
show me how
In: Accounting
The trial balance of Large Company, Inc. at the end of its annual accounting period is as follows:
|
LARGE COMPANY, INC. Trial Balance December 31, 2019 |
||
|
Cash.............................................................................. |
$ 4,000 |
|
|
Prepaid Insurance.............................................................................. |
1,600 |
|
|
Supplies .............................................................................. |
2,100 |
|
|
Equipment .............................................................................. |
20,000 |
|
|
Accumulated Depreciation—Equipment.............................................................................. |
$ 2,000 |
|
|
C. Large, Capital .............................................................................. |
19,000 |
|
|
C. Large, Withdrawals.............................................................................. |
2,000 |
|
|
Revenue.............................................................................. |
33,000 |
|
|
Salaries Expense.............................................................................. |
18,300 |
|
|
Rent Expense .............................................................................. |
6,000 |
______ |
|
Totals.............................................................................. |
$54,000 |
$54,000 |
Additional information:
Required
No pdf please
In: Accounting
|
It takes Cookie Cutter Modular Homes, Inc., about six days to receive and deposit checks from customers. The company’s management is considering a lockbox system to reduce the firm’s collection times. It is expected that the lockbox system will reduce receipt and deposit times to three days total. Average daily collections are $147,000, and the required rate of return is 6 percent per year. Assume 365 days per year. |
| a. |
What is the reduction in outstanding cash balances as a result of implementing the lockbox system? |
| b. | What is the daily dollar return that could be earned on these savings? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
|
c-1. |
What is the maximum monthly charge the company should pay for this lockbox system if the payment is due at the end of the month? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| c-2. | What is the maximum monthly charge the company should pay for this lockbox system if the payment is due at the beginning of the month? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
In: Finance