1. Use the following information for the next three problems.  Suppose that  = 30% of the students at a large university must take a statistics course.  Suppose that a random sample of 50 students is selected.  Let  = the percent of students in the sample who must take statistics.

   Different samples will produce different values of .  In order for the values of  to vary according to a normal model, we need to check two conditions.  Which two of the following need to be checked?

   	a.	The sample size  is large ().
   	b.	The sample observations are independent of each other.
   	c.	and
   	d.	The population distribution is normal in shape.

QUESTION 4

1. 95% of all samples will produce a  between __________ and __________.

   	a.	0.235 and 0.365
   	b.	0.280 and 0.320
   	c.	0.105 and 0.495
   	d.	0.170 and 0.430

QUESTION 5

1. What is the chance that more than 38% of the students in a sample must take statistics (i.e. what is the chance that  > 0.38)?

   	a.	0.6480
   	b.	0.8907
   	c.	0.1093
   	d.	1.23

Use the following information for the next three problems.  Suppose that  = 30% of the students at a large university must take a statistics course.  Suppose that a random sample of 50 students is selected.  Let  = the percent of students in the sample who must take statistics.

Different samples will produce different values of .  In order for the values of  to vary according to a normal model, we need to check two conditions.  Which two of the following need to be checked?

2. 95% of all samples will produce a  between __________ and __________.

3. What is the chance that more than 38% of the students in a sample must take statistics (i.e. what is the chance that  > 0.38)?

In the following situations, decide whether you would use a personal interview, telephone survey, or self-administered questionnaire. Give you reasons. a. A survey of the residents of a new subdivision on why they happened to select that area in which to live. You also wish to secure some information about what they like and don not like about life in the subdivision. b. A poll of students at Metro University on their preferences among three candidates who are running for president of the student government. c. A survey of 58 wholesale grocery companies scattered over the eastern United States, on their personnel management policies for warehouse personnel. d. A survey of financial offers of the Fortune 500 Corporations to learn their predictions for the economic outlook in their industries in the next year. e. A study of applicant requirements, job tasks, and performance expectations as part of a job analysis of student work-study jobs on a college campus of 2,000 students, where 1,500 are involved in the work-study program.

Problem 1: John and Mary are married and file a joint return claiming their three children ages 4, 5, and 18, as dependents. Their AGI is $125,400 and their pre credit tax liability is $13, 431. They are not claiming any other tax credits in 2019. Complete the Child Tax Credit Worksheet Parts 1 and 2 to determine John and Mary’s child tax credit for 2019.

Problem 2: Jose and Jamie have a 5-year-old child. Jose has a salary of $18,200. Jamie is self-employed with a loss of $1,500. Jose and Jamie have received $200 in taxable interest during the year. Their earned income for the year is $16,700 and their adjusted gross income is $16,900. Use the earned income tax credit worksheet and the EIC table to calculate the amount of Earned Income Tax Credit.

Problem 3: Millie Smith (SS# 045-87-8963) has been widowed for 4 years and has one dependent child, Jackson Williams (SS# 564-89-1235). Millie’s adjusted gross income and her earned income is $90,000. Millie’s employer withheld $1,500 in the dependent care flexible spending account. This amount was excluded from her wage income. Assume her taxable income is $45,500, and her regular tax is $5,191. Millie paid child care expenses of $2,500 to Handprints Child Care (1 main street, New Haven, CT 06512, EIN# 05-8964213). Calculate Millie’s child and dependent care credit for 2019 using form 2441. Make realistic assumptions about any missing data.

Is the President correct about the increase in overall company profits?

What classification of cost is most likely to be able to be increased on the cost-plus jobs? Why?

Is what the President proposes ethical? Why or why not?

What would you do if you were Sally? Why?

If Sally does go along with this proposal, are there risks to the company? What are they?

Instructions

Phillips Brothers Printers (PBP) provides printing services to a wide variety of customers. For most jobs, PBP submits a bid and uses the job cost system to accumulate costs, but bills the bid amount to the customers. They do have several customers who routinely have "out of the ordinary" jobs and PBP bills those on a cost-plus basis, with the customer paying the actual costs plus a predetermined profit percentage on the total cost.

Sally Phillips, controller for PBP, is approached by the company President who asks her to look for ways to charge more of the production costs to the cost-plus jobs. His logic is that since those customers will pay all the costs plus a profit, they can improve their overall profitability by shifting costs from bid jobs to cost-plus jobs.

Answer the following questions:

1. Is the President correct about the increase in overall company profits?
2. What classification of cost is most likely to be able to be increased on the cost-plus jobs? Why?
3. Is what the President proposes ethical? Why or why not?
4. What would you do if you were Sally? Why?
5. If Sally does go along with this proposal, are there risks to the company? What are they?

C++

There is a file, called EmployeeInfo.txt, that contains information about company employees work for a week. You will write a program that reads the info from the file, and produces an output file called EmployeePay.txt with information about the employees pay amount for that week.

Details:
The input file is called EmployeeInfo.txt
There are 4 lines of input
Each line has the same form
Last Name, first Name, hours worked, pay rate, tax percentage, extra deductions
Example: John Doe 36 17.75 21 5 means that John Doe worked 36 hours, gets paid $17.75 per hour, has 21% taken out as income tax, plus an additional $5 taken out.
Your output file, called EmployeePay.txt, will have the form (for each employee)
Last, First
Total Earned:            amountEarned
Income Tax:            taxAmount
Additional Deduction:    extraDeduction
Pay Amount:            netIncome

Cary Construction Inc. is preparing to bid on a job building a new dorm fo the local college. Cary expects that the job will require $850,000 of direct materials, $500,000 of direct labor, and $425,000 of overhead costs. Administrative and other expenses for the job are expected to be $2,000. On average last year, Cary Construction earned about $250,000 profit on a job this size and would like to increase the profit by 5 percent on new contracts. Cary normally applies a markup on a cost of goods sold to arrive at an initial bid price and then adjusts. the price if necessary in order to meet competitors' prices. The college already has one bid from a national construction company to do the job for $2,000,000.

a.) calculate the markup percentage on the new job.

b.) what is Cary Construction's initial bid?

c.) In light of the competitor's price of $2,000,000, what would you recommend as a bid price for Cary Construction?

A leading FMCG company has hired an advertising agency to work on its media campaign project. The project is about to launch a series of dairy products in the country. The total duration of the project is 6 months. The initial amount approved by the sponsors was PKR 11,000,000/- for the entire project. At the end of 4th month, the project is only 35% completed while the Project team had already utilized PKR 7,000,000/- against several expenses.

1. [02 marks] Find Actual Cost(AC), Planned Value (PV) and Earned Value (EV)
2. [02 marks] Calculate the project’s health by finding values of Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV) and Cost Performance Index (CPI).
3. [01 mark]   What can you inferred from the values calculated above related to the performance of this project?
4. [01 mark] If the project continues at the current pace, what will be the true cost of the project or Estimate at Completion (EAC) of the project?