As part of a study designed to compare hybrid and similarly equipped conventional vehicles, a group tested a variety of classes of hybrid and all-gas model cars and sport utility vehicles (SUVs). Suppose the following data show the miles-per-gallon rating obtained for two hybrid small cars, two hybrid midsize cars, two hybrid small SUVs, and two hybrid midsize SUVs; also shown are the miles per gallon obtained for eight similarly equipped conventional models.
| Class | Type | MPG |
|---|---|---|
| Small Car | Hybrid | 35 |
| Small Car | Conventional | 30 |
| Small Car | Hybrid | 42 |
| Small Car | Conventional | 34 |
| Midsize Car | Hybrid | 29 |
| Midsize Car | Conventional | 21 |
| Midsize Car | Hybrid | 34 |
| Midsize Car | Conventional | 23 |
| Small SUV | Hybrid | 27 |
| Small SUV | Conventional | 21 |
| Small SUV | Hybrid | 28 |
| Small SUV | Conventional | 22 |
| Midsize SUV | Hybrid | 23 |
| Midsize SUV | Conventional | 19 |
| Midsize SUV | Hybrid | 24 |
| Midsize SUV | Conventional | 18 |
At the α = 0.05 level of significance, test for significant effects due to class, type, and interaction.
Find the value of the test statistic for class. (Round your answer to two decimal places.)
Find the p-value for class. (Round your answer to three decimal places.)
p-value =
State your conclusion about class.
Because the p-value > α = 0.05, class is not significant.Because the p-value > α = 0.05, class is significant. Because the p-value ≤ α = 0.05, class is significant.Because the p-value ≤ α = 0.05, class is not significant.
Find the value of the test statistic for type. (Round your answer to two decimal places.)
Find the p-value for type. (Round your answer to three decimal places.)
p-value =
State your conclusion about type.
Because the p-value > α = 0.05, type is significant.Because the p-value > α = 0.05, type is not significant. Because the p-value ≤ α = 0.05, type is not significant.Because the p-value ≤ α = 0.05, type is significant.
Find the value of the test statistic for interaction between class and type. (Round your answer to two decimal places.)
Find the p-value for interaction between class and type. (Round your answer to three decimal places.)
p-value =
State your conclusion about interaction between class and type.
Because the p-value > α = 0.05, interaction between class and type is significant.Because the p-value > α = 0.05, interaction between class and type is not significant. Because the p-value ≤ α = 0.05, interaction between class and type is not significant.Because the p-value ≤ α = 0.05, interaction between class and type is significant.
In: Statistics and Probability
Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The current fee is $23.35 per hundred square feet. However, there is some question about whether the company is actually making any money on jobs for some customers—particularly those located on remote ranches that require considerable travel time. The owner’s daughter, home for the summer from college, has suggested investigating this question using activity-based costing. After some discussion, a simple system consisting of four activity cost pools seemed to be adequate. The activity cost pools and their activity measures appear below:
| Activity Cost Pool | Activity Measure | Activity for the Year | |||
| Cleaning carpets | Square feet cleaned (00s) | 7,500 | hundred square feet | ||
| Travel to jobs | Miles driven | 81,500 | miles | ||
| Job support | Number of jobs | 1,700 | jobs | ||
| Other (costs of idle
capacity and organization-sustaining costs) |
None | Not applicable | |||
The total cost of operating the company for the year is
$348,000, which includes the following costs:
| Wages | $ | 135,000 | |
| Cleaning supplies | 32,000 | ||
| Cleaning equipment depreciation | 11,000 | ||
| Vehicle expenses | 30,000 | ||
| Office expenses | 58,000 | ||
| President’s compensation | 82,000 | ||
| Total cost | $ | 348,000 | |
Resource consumption is distributed across the activities as
follows:
Distribution of Resource Consumption Across Activities
| Cleaning Carpets | Travel to Jobs | Job Support | Other | Total | |||||||||||||||||
| Wages | 72 | % | 14 | % | 0 | % | 14 | % | 100 | % | |||||||||||
| Cleaning supplies | 100 | % | 0 | % | 0 | % | 0 | % | 100 | % | |||||||||||
| Cleaning equipment depreciation | 73 | % | 0 | % | 0 | % | 27 | % | 100 | % | |||||||||||
| Vehicle expenses | 0 | % | 78 | % | 0 | % | 22 | % | 100 | % | |||||||||||
| Office expenses | 0 | % | 0 | % | 63 | % | 37 | % | 100 | % | |||||||||||
| President’s compensation | 0 | % | 0 | % | 30 | % | 70 | % | 100 | % | |||||||||||
Job support consists of receiving calls from potential customers at
the home office, scheduling
jobs, billing, resolving issues, and so on.
Required:
1. Prepare the first-stage allocation of costs to the activity cost pools.
2. Compute the activity rates for the activity cost pools. (Round your answers to 2 decimal places.)
3. The company recently completed a 4 hundred square foot carpet-cleaning job at the Flying N ranch—a 58.00-mile round-trip journey from the company’s offices in Bozeman. Compute the cost of this job using the activity-based costing system. (Round your intermediate and final answers to 2 decimal places.)
4. The revenue from the Flying N ranch was $93.40 (4 hundred square feet at $23.35 per hundred square feet). Prepare a report showing the margin from this job. (Round your intermediate calculations and final answers to 2 decimal places.)
In: Accounting
Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The current fee is $22.75 per hundred square feet. However, there is some question about whether the company is actually making any money on jobs for some customers—particularly those located on remote ranches that require considerable travel time. The owner’s daughter, home for the summer from college, has suggested investigating this question using activity-based costing. After some discussion, she designed a simple system consisting of four activity cost pools. The activity cost pools and their activity measures appear below:
| Activity Cost Pool | Activity Measure | Activity for the Year | |
| Cleaning carpets | Square feet cleaned (00s) | 13,500 | hundred square feet |
| Travel to jobs | Miles driven | 142,000 | miles |
| Job support | Number of jobs | 1,600 | jobs |
| Other (organization-sustaining costs and idle capacity costs) | None | Not applicable | |
The total cost of operating the company for the year is $361,000 which includes the following costs:
| Wages | $ | 137,000 |
| Cleaning supplies | 26,000 | |
| Cleaning equipment depreciation | 12,000 | |
| Vehicle expenses | 40,000 | |
| Office expenses | 68,000 | |
| President’s compensation | 78,000 | |
| Total cost | $ | 361,000 |
Resource consumption is distributed across the activities as follows:
| Distribution of Resource Consumption Across Activities | ||||||||||
| Cleaning Carpets | Travel to Jobs | Job Support | Other | Total | ||||||
| Wages | 76 | % | 14 | % | 0 | % | 10 | % | 100 | % |
| Cleaning supplies | 100 | % | 0 | % | 0 | % | 0 | % | 100 | % |
| Cleaning equipment depreciation | 68 | % | 0 | % | 0 | % | 32 | % | 100 | % |
| Vehicle expenses | 0 | % | 79 | % | 0 | % | 21 | % | 100 | % |
| Office expenses | 0 | % | 0 | % | 56 | % | 44 | % | 100 | % |
| President’s compensation | 0 | % | 0 | % | 26 | % | 74 | % | 100 | % |
Job support consists of receiving calls from potential customers at the home office, scheduling jobs, billing, resolving issues, and so on.
Required:
1. Prepare the first-stage allocation of costs to the activity cost pools.
2. Compute the activity rates for the activity cost pools. (Round your answers to 2 decimal places.)
3. The company recently completed a 600 square foot carpet-cleaning job at the Flying N Ranch—a 60-mile round-trip journey from the company’s offices in Bozeman. Compute the cost of this job using the activity-based costing system. (Round your intermediate calculations and final answer to 2 decimal places.)
4. The revenue from the Flying N Ranch was $136.50 (600 square feet @ $22.75 per hundred square feet). Calculate the customer margin earned on this job. (Round your intermediate calculations and final answers to 2 decimal places.)
In: Accounting
Joe operates a business that locates and purchases specialized
assets for clients, among other activities. Joe uses the accrual
method of accounting but he doesn’t keep any significant
inventories of the specialized assets that he sells. Joe reported
the following financial information for his business activities
during year 0.
Determine the effect of each of the following transactions on
the taxable business income.
Required:
(For all the transactions, select "No Effect" from the dropdown if no change in the taxable business income and for part g, round your answer to whole number. Use standard mileage rate.)
In: Accounting
Problem 7-20 Evaluating the Profitability of Services [LO7-2, LO7-3, LO7-4, LO7-5]
Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The current fee is $23.75 per hundred square feet. However, there is some question about whether the company is actually making any money on jobs for some customers—particularly those located on remote ranches that require considerable travel time. The owner’s daughter, home for the summer from college, has suggested investigating this question using activity-based costing. After some discussion, she designed a simple system consisting of four activity cost pools. The activity cost pools and their activity measures appear below:
| Activity Cost Pool | Activity Measure | Activity for the Year | |
| Cleaning carpets | Square feet cleaned (00s) | 9,500 | hundred square feet |
| Travel to jobs | Miles driven | 291,000 | miles |
| Job support | Number of jobs | 1,900 | jobs |
| Other (organization-sustaining costs and idle capacity costs) | None | Not applicable | |
The total cost of operating the company for the year is $368,000 which includes the following costs:
| Wages | $ | 149,000 |
| Cleaning supplies | 21,000 | |
| Cleaning equipment depreciation | 16,000 | |
| Vehicle expenses | 31,000 | |
| Office expenses | 70,000 | |
| President’s compensation | 81,000 | |
| Total cost | $ | 368,000 |
Resource consumption is distributed across the activities as follows:
| Distribution of Resource Consumption Across Activities | ||||||||||
| Cleaning Carpets | Travel to Jobs | Job Support | Other | Total | ||||||
| Wages | 80 | % | 12 | % | 0 | % | 8 | % | 100 | % |
| Cleaning supplies | 100 | % | 0 | % | 0 | % | 0 | % | 100 | % |
| Cleaning equipment depreciation | 68 | % | 0 | % | 0 | % | 32 | % | 100 | % |
| Vehicle expenses | 0 | % | 76 | % | 0 | % | 24 | % | 100 | % |
| Office expenses | 0 | % | 0 | % | 56 | % | 44 | % | 100 | % |
| President’s compensation | 0 | % | 0 | % | 27 | % | 73 | % | 100 | % |
Job support consists of receiving calls from potential customers at the home office, scheduling jobs, billing, resolving issues, and so on.
Required:
1. Prepare the first-stage allocation of costs to the activity cost pools.
2. Compute the activity rates for the activity cost pools.
3. The company recently completed a 600 square foot carpet-cleaning job at the Flying N Ranch—a 55-mile round-trip journey from the company’s offices in Bozeman. Compute the cost of this job using the activity-based costing system.
4. The revenue from the Flying N Ranch was $142.50 (600 square feet @ $23.75 per hundred square feet). Calculate the customer margin earned on this job.
In: Accounting
To make a phrase/words, solve the 18 application of derivatives below. Then replace each numbered blank with the letter corresponding to the answer for that problem. Show all solutions on the answers given below.
" __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __"
"__ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ ."
Derivative Application Problems:
1. Find the equation of the line normal to the curve f(x) = x3 – 3x2 at the point (1, -2).
2. Find the equation of the line tangent to the curve x2 y – x = y3 – 8 at the point where x = 0.
3. Determine the point(s) of inflection of f(x) = x3 – 5x2 + 3x + 6.
4. Determine the relative minimum point(s) of f(x) = x4 – 4x3.
5. A particle moves along a line according to the law s = 2t3 – 9t2 + 12t – 4, where t≥0 . Determine the total distance traveled between t = 0 and t = 4.
6. A particle moves along a line according to the law s = t4 – 4t3, where t≥0. Determine the total distance traveled between t = 0 and t = 4.
7. If one leg, AB, of a right triangle increases at the rate of 2 inches per second, while the other leg, AC, decreases at 3 inches per second, determine how fast the hypotenuse is changing (in feet per second) when AB = 6 feet and AC = 8 feet.
8. The diameter and height of a paper cup in the shape of a cone are both 4 inches, and water is leaking out at the rate of ½ cubic inch per second. Determine the rate (in inches per second) at which the water level is dropping when the diameter of the surface is 2 inches.
9. For what value of y is the tangent to the curve y2 – xy + 9 = 0 vertical?
10. For what value of k is the line y = 3x + k tangent to the curve y = x3 ?
11. Determine the slopes of the two tangents that can be drawn from the point (3, 5) to the parabola y = x2 .
12. Determine the area of the largest rectangle that can be drawn with one side along the x-axis and
two vertices on the curve y = e-x2
13. A tangent drawn to the parabola y = 4 – x2 at the point (1, 3) forms a right triangle with the coordinate axes. What is the area of this triangle?
14. If the cylinder of largest possible volume is inscribed in a given sphere, determine the ratio of the volume of the sphere to that of the cylinder.
15. Determine the first quadrant point on the curve y2x = 18 which is closest to the point (2, 0).
16. Two cars are traveling along perpendicular roads, car A at 40 mph, car B at 60 mph. At noon when car A reaches the intersection, car B is 90 miles away, and moving toward it. At 1PM, what is the rate, in miles per hour, at which the distance between the cars is changing?
In: Advanced Math
Pick one of the four and risk by telling us what you believe one rule is critical for founders. Why is it critical? Could you be a successful founder without it? Why or why not
1: There aren't any records interior your constructing, so get
outside In our enjoy its miles very a difficult enjoy to herald
practice. If you begin a business enterprise or a brand new mission
you would really like to create. Actually, you're so satisfied that
your new products or services are something your ability consumer
needs, it's miles boom marketplace you're getting into and all of
the marketplace studies reviews are verifying this. The best aspect
this is lacking is your product. So the best aspect you want to do
is create the product. And then… Nobody desires to shop for your
product or as a minimum your income is a long way underneath your
estimations. It is sort of well-known so what you want to do. Get
out of the construction and communicate for your ability customers.
Preferable earlier than you created any product or maybe a Minimum
Viable Product. Do it your self as a founder, do now no longer
delegate this client improvement for your personnel or to outside
specialists. Employees and specialists will now no longer inform
you of the difficult remarks your ability customers supply
you.
2: Pair client improvement with Agile improvement In rule 1, you
discovered to get out the construction. Do not begin any advent of
a product earlier than you realize what to create. Less is more.
But is you realize what to create, then do it agile. Not the best
agile software program improvement (scrum) however contain the
software program improvement into the agile client improvement.
Make as many as feasible releases (as defined in contentious
deploying with the aid of using Eric Ries) and check it with your
(ability) customers.
Rule three: Failure is an indispensable a part of the search
Creating new services or products inside a brand new business
enterprise way many failures. You are satisfied to understand what
your consumer desires however the consumer does now no longer need
to shop for. It is failure however it isn't always so horrific
because it seems like. It became a test that failed. It is gaining
knowledge. The mission is to hold the gaining knowledge of the
cycle as brief as feasible, use as much less as feasible assets and
hold the time as brief as feasible. Less is more.
4: Make non-stop iterations and pivots It is already referred to in
rule three and earlier than. Iterate, create experiments, analyze,
create new experiments all inside restricted time and assets. Pivot
all of the time until you reached the product marketplace healthy.
If you attain product marketplace healthy then use all of your
coins and assets to scale the enterprise.
In: Economics
Joe operates a business that locates and purchases specialized assets for clients, among other activities. Joe uses the accrual method of accounting but he doesn’t keep any significant inventories of the specialized assets that he sells. Joe reported the following financial information for his business activities during year 0. Determine the effect of each of the following transactions on the taxable business income. Required: Joe has signed a contract to sell gadgets to the city. The contract provides that sales of gadgets are dependent upon a test sample of gadgets operating successfully. In December, Joe delivers $12,950 worth of gadgets to the city that will be tested in March. Joe purchased the gadgets especially for this contract and paid $9,250. Joe paid $255 for entertaining a visiting out-of-town client. The client didn’t discuss business with Joe during this visit, but Joe wants to maintain good relations to encourage additional business next year. On November 1, Joe paid $550 for premiums providing for $55,000 of “key man” insurance on the life of Joe’s accountant over the next 12 months. At the end of year 0, Joe’s business reports $11,250 of accounts receivable. Based upon past experience, Joe believes that at least $2,450 of his new receivables will be uncollectible. In December of year 0, Joe rented equipment to complete a large job. Joe paid $5,250 in December because the rental agency required a minimum rental of three months ($1,750 per month). Joe completed the job before year-end, but he returned the equipment at the end of the lease. Joe hired a new sales representative as an employee and sent her to Dallas for a week to contact prospective out-of-state clients. Joe ended up reimbursing his employee $450 for airfare, $500 for lodging, and $400 for meals (Joe provided adequate documentation to substantiate the business purpose for the meals). Joe requires the employee to account for all expenditures in order to be reimbursed. Joe uses his BMW (a personal auto) to travel to and from his residence to his factory. However, he switches to a business vehicle if he needs to travel after he reaches the factory. Last month, the business vehicle broke down and he was forced to use the BMW both to travel to and from the factory and to visit work sites. He drove 195 miles visiting work sites and 76 miles driving to and from the factory from his home. Joe uses the standard mileage rate to determine his auto-related business expenses. Joe paid a visit to his parents in Dallas over the Christmas holidays. While he was in the city, Joe spent $125 to attend a half-day business symposium. Joe paid $350 for airfare, $110 for meals during the symposium, and $65 on cab fare to the symposium.
In: Accounting
Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The current fee is $28 per hundred square feet. However, there is some question about whether the company is actually making any money on jobs for some customers—particularly those located on remote ranches that require considerable travel time. The owner’s daughter, home for the summer from college, has suggested investigating this question using activity-based costing. After some discussion, a simple system consisting of four activity cost pools seemed to be adequate. The activity cost pools and their activity measures appear below:
| Activity Cost Pool | Activity Measure | Activity for the Year | |||
| Cleaning carpets | Square feet cleaned (00s) | 20,000 | hundred square feet | ||
| Travel to jobs | Miles driven | 60,000 | miles | ||
| Job support | Number of jobs | 2,000 | jobs | ||
| Other (costs of idle
capacity and organization-sustaining costs) |
None | Not applicable | |||
The total cost of operating the company for the year is $430,000, which includes the following costs:
| Wages | $ | 150,000 | |
| Cleaning supplies | 40,000 | ||
| Cleaning equipment depreciation | 20,000 | ||
| Vehicle expenses | 80,000 | ||
| Office expenses | 60,000 | ||
| President’s compensation | 80,000 | ||
| Total cost | $ | 430,000 | |
Resource consumption is distributed across the activities as follows:
Distribution of Resource Consumption Across Activities
| Cleaning Carpets | Travel to Jobs | Job Support | Other | Total | |||||||||||||||||
| Wages | 70 | % | 20 | % | 0 | % | 10 | % | 100 | % | |||||||||||
| Cleaning supplies | 100 | % | 0 | % | 0 | % | 0 | % | 100 | % | |||||||||||
| Cleaning equipment depreciation | 80 | % | 0 | % | 0 | % | 20 | % | 100 | % | |||||||||||
| Vehicle expenses | 0 | % | 60 | % | 0 | % | 40 | % | 100 | % | |||||||||||
| Office expenses | 0 | % | 0 | % | 45 | % | 55 | % | 100 | % | |||||||||||
| President’s compensation | 0 | % | 0 | % | 40 | % | 60 | % | 100 | % | |||||||||||
Job support consists of receiving calls from potential customers
at the home office, scheduling jobs, billing, resolving issues, and
so on.
Required:
1. Prepare the first-stage allocation of costs to the activity cost pools.
2. Compute the activity rates for the activity cost pools. (Round your answers to 2 decimal places.)
3. The company recently completed a 5 hundred square foot carpet-cleaning job at the Flying N ranch—a 75-mile round-trip journey from the company’s offices in Bozeman. Compute the cost of this job using the activity-based costing system. (Round your intermediate calculations and final answer to 2 decimal places.)
4. The revenue from the Flying N ranch was $140 (5 hundred square feet at $28 per hundred square feet). Prepare a report showing the margin from this job. (Round your intermediate calculations and final answers to 2 decimal places.)
In: Accounting
I need summary of this article
Biking Motives
The previous studies focus on how choices by weak and strong identifiers differ, without exploring the potential role of situational variability in determining the motivations of high identifiers. However, as highlighted in the theory section, strong identifiers may consume for non-identity reasons, in which case they may display less resistance to automation. Study 5 examines this possibility using a bike purchase scenario that manipulates the motive for buying the bike.
Method
Two hundred U.S. residents on MTurk (99 women, Mage ¼ 33.0 years, SD ¼ 11.69) were randomly assigned to either an identity motive or a non-identity motive condition in a between-participants design. All participants first read: “Imagine you are a keen bike rider. Although your skills are far from professional, you are very serious about biking. You are proud of yourself as a bike rider. You spend most of your free time biking and you enjoy biking. You often visit a bicycle forum to exchange information on different types of bicycles with other members on the forum.” Participants in the identity motive condition then read: “Lately you are considering buying a new bicycle for weekend excursions. These excursions feature a few different courses of approximately 10 miles. During these activities, you can enjoy the cycling activities and enhance your skills as a cyclist. You want to minimize your cycling time that is not part of the excursion (e.g., getting to the start).” In the non-identity motive condition, participants instead read: “Lately you are considering buying a new bicycle for commuting to work. The distance between your office and your apartment is approximately 10 miles. You live in a city with congested traffic and riding a bicycle would save you a lot of time to get to the office. You want to minimize the time of the ride to facilitate your commute.” Then participants read the same bike purchase scenario as in Study 2 and indicated whether they would like to have the free automated feature on their bike. We predict that participants in the identity motive condition are less likely to choose the free automated feature than those in the non-identity motive condition.
Results and Discussion
Participants choose the free automated feature more in the nonidentity motive condition than in the identity motive condition (80% vs. 57%; w2 (1) ¼ 12.94, p < .001). These results are consistent with our prediction that strong identifiers are less likely to prefer automation when the primary motive of consumption relates to their identity. Moreover, the intrinsic enjoyment of a task is should not change much across situations, so these findings join Studies 2 and 4 in suggesting that greater task enjoyment among high identifiers is not necessary for the key predicted effect to occur.
In: Operations Management