I need to know how to break this scenario down for probability questions..
After reading a recent report revealing that workplace diversity can improve the development of ideas, Quantitative Industrial (QI) decides to hire 2 recent graduates to have a better age-profile in its workforce. They interview many candidates but have settled on 5 finalists for the position. They have ranked their choices from 1 to 5. Unbeknownst to them, each finalist has a certain probability of accepting their offer of $60,000 as the starting salary: Candidate 1 -- 25% Candidate 2 -- 50% Candidate 3 -- 10% Candidate 4 -- 0% or 100% if candidate 5 is also hired (think about this as a conditional probability) Candidate 5 -- 50%
In: Statistics and Probability
People flourish when they are in a state of optimal well-being or flow. When people find pleasure at work, they inevitably achieve and maintain excellence in their workplace performance. In fact, if you interview peak performers in any field, you will inevitably discover they gain tremendous pleasure from what they do.
What activities are you intrinsically motivated to do that
involve using your personal strengths and flow
experiences?
How could you change your work place behaviors, interactions and
activities so that you engaged in more intrinsically motivated
activities that involve using those strengths and flow experiences?
Be creative - even small changes can make enormous
differences.
What would be the costs and the benefits of making these changes?
In: Psychology
1. My strategy is to (hopefully) expand the number of stores and
eventually franchise, while focusing on serving only high-quality
fresh ingredients. What are three specific human resource
management implications of my strategy (including specific policies
and practices)?
2. 2. Identify and briefly discuss five specific human resource
management errors that I’m currently making.
3. Develop a structured interview form that we can use for hiring
store managers, wait staff, and counter people pizza makers.
4. Based on what you know about Angelo’s, and what you know from
having visited pizza restaurants, and specifically how you think
Angelo’s should go about selecting employees.
In: Operations Management
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. (For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase.) Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 600 units @ $45.00 per unit Feb. 10 Purchase 400 units @ $42.00 per unit Mar. 13 Purchase 200 units @ $27.00 per unit Mar. 15 Sales 800 units @ $75.00 per unit Aug. 21 Purchase 100 units @ $50.00 per unit Sept. 5 Purchase 500 units @ $46.00 per unit Sept. 10 Sales 600 units @ $75.00 per unit Totals 1,800 units 1,400 units Required 1.Compute cost of goods available for sale and the number of units available for sale. 2.Compute the number of units in ending inventory. 3.Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round all amounts to cents.) Check (3) Ending inventory: FIFO, $18,400; LIFO, $18,000; WA, $17,760 4.Compute gross profit earned by the company for each of the four costing methods in part 3. (4) LIFO gross profit, $45,800
In: Accounting
Montoure Company uses a perpetual inventory system. It entered into
the following calendar-year purchases and sales
transactions
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Jan. | 1 | Beginning inventory | 540 | units | @ $40 per unit | |||||||
| Feb. | 10 | Purchase | 320 | units | @ $36 per unit | |||||||
| Mar. | 13 | Purchase | 100 | units | @ $24 per unit | |||||||
| Mar. | 15 | Sales | 650 | units | @ $85 per unit | |||||||
| Aug. | 21 | Purchase | 120 | units | @ $45 per unit | |||||||
| Sept. | 5 | Purchase | 520 | units | @ $41 per unit | |||||||
| Sept. | 10 | Sales | 640 | units | @ $85 per unit | |||||||
| Totals | 1,600 | units | 1,290 | units | ||||||||
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Required:
1. Compute cost of goods available for sale and the number
of units available for sale.
2. Compute the number of units in ending inventory.
In: Accounting
Montoure Company uses a perpetual inventory system. It entered
into the following calendar-year purchases and sales
transactions
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Jan. | 1 | Beginning inventory | 600 | units | @ $60 per unit | |||||||
| Feb. | 10 | Purchase | 480 | units | @ $57 per unit | |||||||
| Mar. | 13 | Purchase | 120 | units | @ $42 per unit | |||||||
| Mar. | 15 | Sales | 785 | units | @ $80 per unit | |||||||
| Aug. | 21 | Purchase | 180 | units | @ $65 per unit | |||||||
| Sept. | 5 | Purchase | 470 | units | @ $63 per unit | |||||||
| Sept. | 10 | Sales | 650 | units | @ $80 per unit | |||||||
| Totals | 1,850 | units | 1,435 | units | ||||||||
Required:
1. Compute cost of goods available for sale and the number
of units available for sale.
2. Compute the number of units in ending
inventory.
3. Compute the cost assigned to ending inventory
using (a) FIFO, (b) LIFO, (c) weighted
average, and (d) specific identification. For specific
identification, units sold consist of 600 units from beginning
inventory, 380 from the February 10 purchase, 120 from the March 13
purchase, 130 from the August 21 purchase, and 205 from the
September 5 purchase.
4. Compute gross profit earned by the company for
each of the four costing methods. (Round your average cost
per unit to 2 decimal places.)
5. The company’s manager earns a bonus based on a
percent of gross profit. Which method of inventory costing produces
the highest bonus for the manager?
In: Accounting
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In: Accounting
Profit Center Responsibility Reporting for a Service Company
Thomas Railroad Company organizes its three divisions, the North (N), South (S), and West (W) regions, as profit centers. The chief executive officer (CEO) evaluates divisional performance, using income from operations as a percent of revenues. The following quarterly income and expense accounts were provided from the trial balance as of December 31:
| Revenues—N Region | $996,500 |
| Revenues—S Region | 1,239,200 |
| Revenues—W Region | 2,080,200 |
| Operating Expenses—N Region | 631,500 |
| Operating Expenses—S Region | 737,500 |
| Operating Expenses—W Region | 1,258,000 |
| Corporate Expenses—Dispatching | 466,000 |
| Corporate Expenses—Equipment Management | 277,200 |
| Corporate Expenses—Treasurer’s | 151,600 |
| General Corporate Officers’ Salaries | 334,700 |
The company operates three service departments: the Dispatching Department, the Equipment Management Department, and the Treasurer’s Department. The Dispatching Department manages the scheduling and releasing of completed trains. The Equipment Management Department manages the railroad cars inventories. It makes sure the right freight cars are at the right place at the right time. The Treasurer’s Department conducts a variety of services for the company as a whole. The following additional information has been gathered:
| North | South | West | ||||
| Number of scheduled trains | 5,800 | 7,000 | 10,500 | |||
| Number of railroad cars in inventory | 1,100 | 1,800 | 1,500 | |||
Required:
1. Prepare quarterly income statements showing income from operations for the three regions. Use three column headings: North, South, and West. Do not round your interim calculations.
| Thomas Railroad Company | |||
| Divisional Income Statements | |||
| For the Quarter Ended December 31 | |||
| North | South | West | |
| Revenues | $ | $ | $ |
| Operating expenses | |||
| Income from operations before service department charges | $ | $ | $ |
| Service department charges: | |||
| Dispatching | $ | $ | $ |
| Equipment Management | |||
| Total service department charges | $ | $ | $ |
| Income from operations | $ | $ | $ |
Feedback
1. Determine the dispatching rate per train by dividing service cost by output. For each division's dispatching cost, multiply the dispatching rate by the number of scheduled trains. Repeat this process for the other service department charges. Subtract the service department charges for a division from that division's income from operations before such charges.
Learning Objective 3.
2. What is the profit margin of each division? Round to one decimal place.
| Region | Profit Margin |
| North Region | % |
| South Region | % |
| West Region | % |
In: Accounting
Prepare a report on Workflow process, Risk analysis and resource
management for the University online Help desk management
system.
1.Determine the purpose and importance of project management from
the perspectives of planning, tracking and completion of
project.
2.Evaluate the feasibility of project proposals utilizing
appropriate tools, techniques and methods.
3.Manage project schedule, expenses and resources with of suitable
project management tools.
In: Computer Science
From this case study i need the SBAR
L.W., a 20-year-old college student, comes to the university health clinic for a pregnancy test. She has been sexually active with her boyfriend of 6 months, and her menstrual period is now “a few” weeks late. The pregnancy test result is positive. The patient begins to cry, saying, “I don't know what to do.”
In: Nursing