Cars on Campus. Statistics students at a community college wonder whether the cars belonging to students are, on average, older than the cars belonging to faculty. They select a random sample of 11 cars in the student parking lot and find the average age to be 7.5 years with a standard deviation of 5.6 years. A random sample of 20 cars in the faculty parking lot have an average age of 4.2 years with a standard deviation of 4 years.

1. The null hypothesis is H0:μs=μfH0:μs=μf. What is the alternate hypothesis?
A. HA:μs>μfHA:μs>μf
B. HA:μs<μfHA:μs<μf
C. HA:μs≠μfHA:μs≠μf

2. Calculate the test statistic.  ? z t X^2 F  =

3. Calculate the p-value for this hypothesis test.
p value =

4. Suppose that students at a nearby university decide to replicate this test. Using the information from the community college, they calculate an effect size of 0.72. Next, they obtain samples from the university student and faculty lots and, using their new sample data, conduct the same hypothesis test. They calculate a p-value of 0.0149 and an effect size of 0.423. Do their results confirm or conflict with the results at the community college?
A. It can neither confirm or contradict the community college results because we don't know the sample sizes the university students used.
B. It contradicts the community college results because the p-value is much bigger
C. It confirms the community college results because the p-value is much smaller.
D. It confirms the community college results because the effect size is nearly the same.
E. It contradicts the community college results because the effect size is much smaller.

Anabelle is the Facilities Manager for a university. She is considering an opportunity that involves renting food vending machines and placing them in various locations throughout the university. This would allow students and staff to conveniently access a quick range of similarly priced food items for snacking “pick-me-up” purposes. (Assume a non-COVID-19 state of affairs on campus.) As a not-for-profit university, the main aim is to cover all costs. If any profits are made, they will be used to boost student support services.

For the purposes of analysing this opportunity, Anabelle has the following estimates:

Per unit (food item) forecasts:

Average selling price of each food item:                 $2.00

Average variable cost of each food item:                $1.60

Annual fixed cost forecasts:                                        

Rental                                                   $12,000

Labour                                                  $10,000

Other fixed expenses                     $2,000

Anabelle has asked you to undertake a cost-volume-profit analysis of the opportunity.

a) Calculate the contribution per unit and the contribution margin ratio.

b) Calculate the break-even point in number of food items and in dollars of revenue.

c) Calculate the sales (in units) needed to earn a target annual profit of $2,000

d) The vending machine owner initially offered Anabelle a fixed rental fee option. However, the owner has since provided another rental agreement option: a $9,000 fixed rental plus 2.5% of revenues from the sale of food items. Calculate the break-even point in units under this option and briefly explain from the university’s perspective which rental agreement option might be preferred. Your explanation should not exceed 100 words.

USING THE TABLE ABOVE PLEASE ENTER USING FORMULAS OR ENTER MANUALLY FOR THE FINANCIAL STATEMENT BELOW.

PLEASE EXPLAIN HOW YOU GOT YOUR ANSWER. THANK YOU

7. Mr Slumber Kotoko was a full-time employee of Bank of Botswana earning P200, 000.00 per year when he decided to enrol for a four year course at the University of Botswana. He can only earn P70 000.00 per year as a part time worker. What is the opportunity cost of going to University for Mr Kotoko over the four year period

Access the Bank of Canada web site to answer the four parts below.

1. [5 marks] Visit the “Statistics” tab to locate data (under Indicators) on the recent history of the following groups of monetary variables: (i) inflation control target; (ii) policy instrument; and (iii) monetary aggregates. Present monthly data of each set of variables in tabular form from January 2019 to January 2020 inclusive. (Please do not print the table directly from the website, Make a neat and precise one page table for only the months required, An MS Excel table is ideal to do this neatly and compactly.)

2. [9 marks] Explain in detail what each variable represents, use Bank of Canada’s website to find the answer to this question.

3. [9 marks] Explain the economic reasons for the evolution in the variables from January 2019 to January 2020 inclusive.

4. [7 marks] Find the Bank’s latest press release (June 2020) about overnight rates and explain why the Bank decided to change (or not to change) its target for the overnight rate. Be sure to explain the details about COVID-19. Attach the press release to your answer.

Note: 1. No plant and equipment was sold during the year.

2. Dividends of $20,000 in cash were paid during the year.

3. All sales are on credit.

REQUIRED:

Prepare a statement of cash flows for the year ended 30 June 2020 using the direct method.

Triple Threat

Statement of Cash Flows for the year ended 30 June 2020

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Cash at end of the year

#3

REVISED PROBLEM 13-42

ACC 650 - Management Accounting

Megatronics Corporation, a massive retailer of electronic products, is organized in four separate divisions.
The four divisional managers are evaluated at year-end, and bonuses are awarded based on ROI.
Last year, the company as a whole produced a 13 percent return on its investment.
During the past week, management of the company’s Northeast Division was approached about the
possibility of buying a competitor that had decided to redirect its retail activities. (If the competitor is
acquired, it will be acquired at its book value.) The data that follow relate to recent performance of the
Northeast Division and the competitor:

Management has determined that in order to upgrade the competitor to Megatronics’ standards, an
additional $275,000 of invested capital would be needed.

REQUIRED:

3. What is the likely reaction of Megatronics’ corporate management toward the acquisition? Why?