1.) First Question on Class – the class Circle Given the code below, modify it so that it runs. This will require you to add a class declaration and definition for Circle. For the constructor of Circle that takes no arguments, set the radius of the circle to be 10. You are to design the class Circle around the main method. You may NOT modify the body of the main method in anyway, if you do your code WILL NOT BE ACCEPTED, AND WILL BE GRADED AS ALL WRONG. For this question, YOU MUST capture the output of a run of your program and submit it with your source code as your solution. (TIP: the formula to find the area of a Circle is pi times r squared, or PI * r * r).
#include using namespace std;
const float PI = 3.1416; i
nt main() {
Circle c1, c2, c3; c
1.setRadius(1.0);
c3.setRadius(4.5);
Circle circles[] = {c1, c2, c3};
for (int i = 0; i < 3; i++) {
float rad, diam, area;
Circle c = circles[i];
rad = c.getRadius();
diam = c.getDiameter();
area = c.getArea();
cout << "circle " << (i) << " has a radius of: " << rad << ", a diameter of: " << diam << ", and an area of: " << area << endl;
}
return 0;
The language is C++, thanks in advance
In: Computer Science
Copy the program Stats.java to your computer and implement the TBI (To Be Implemented) stats() and checkIfSorted() methods following the instructions given in their method comment blocks.
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stats.java
import java.util.*;
/*
* This Java application calculates some statistics
* given an array of integers.
*
* @creator gdt
* @created 02017.12.15
* @updated 02019.01.21 morphed the assignment
*/
interface StatsConstants {
// used by print() to format output...
String PRINT_BEGIN = "[";
String PRINT_END = "]";
String PRINT_SEPARATOR = ",";
// checkIfSorted() return values...
int UNSORTED = 0;
int ASCENDING = 1;
int DESCENDING = 2;
int SKIP = 3;
}
public class Stats {
public static void main(String[] argv) {
int[][] data = {
null,
{ },
{ 0 },
{ 1, 2 },
{ 1, 1 },
{ 1, 3, 2 },
{ 5, 5, 5, 5, 5 },
{ 2, 0, 5, 4, 8, 5 },
{ 1, 5, 6, 6, 6, 7, 9 },
{ -7, 0, 0, 3, 3, 3, 4, 4 },
{ -2, -2, 0, 1, 1, 2, 2, 2 },
{ -4, -2, 42, 12, 12, 3, -2 },
};
for (int i = 0; i < data.length; i++) {
switch (checkIfSorted(data[i])) {
case StatsConstants.SKIP:
if (data[i] == null)
System.out.println("null element\n");
else if (data[i].length == 0)
System.out.println("empty array\n");
else
System.out.println("???\n");
continue;
case StatsConstants.UNSORTED:
Arrays.sort(data[i]);
break;
case StatsConstants.DESCENDING:
reverseArray(data[i]);
break;
}
printResults(stats(data[i]));
}
}
private static void reverseArray(int[] x) {
for (int i = 0, j = x.length - 1 ; i < j; i++, j--) {
int k = x[i];
x[i] = x[j];
x[j] = k;
}
}
private static void printArray(int[] x, boolean nl) {
System.out.print(StatsConstants.PRINT_BEGIN);
for (int i = 0, j = x.length - 1; i < j; i++)
System.out.print(x[i] + StatsConstants.PRINT_SEPARATOR);
System.out.print(x[x.length - 1] + StatsConstants.PRINT_END);
if (nl) System.out.println();
}
private static void printResults(Results r) {
printArray(r.data, true);
StringBuffer sb = new StringBuffer("...mean: ");
sb.append(r.mean).append("; median: "). append(r.median).
append("; mode: "). append(r.nomode ? "modeless" : r.mode).
append("; cardinality: ").append(r.cardinality).
append("; range: ").append(r.range);
System.out.println(sb);
System.out.println();
}
static class Results {
public int[] data;
public int cardinality;
public int range;
public double mean;
public double median;
public int mode;
public boolean nomode;
}
/*
* TBI (To Be Implemented)...
*
* Instantiates and returns a Results object that
* contains the calculations (statistics) for the
* int[] parameter.
*
* Note: 'mode' is a single solitary number repeated
* more often than any other number. The Results object
* nomode variable is set to true if there is no mode.
*
* The stats() method assumes the int[] is sorted
* in ascending order.
*
* @param data an array if ints
* @return a Results object
*/
private static Results stats(int[] data) {
}
/*
* TBI (To Be Implemented)...
*
* Checks if the contents of the int[] parameter is sorted.
* The method returns values defined in interface StatsConstants.
*
* @param data an array of integers
* @return SKIP if data is null or the array is empty;
* else UNSORTED or DESCENDING or ASCENDING
*/
private static int checkIfSorted(int[] data) {
}
}
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
The program output must match the following. Note: Every output line that starts with ... is followed by a blank line:
null element empty array [0] ...mean: 0.0; median: 0.0; mode: 0; cardinality: 1; range: 0 [1,2] ...mean: 1.5; median: 1.5; mode: modeless; cardinality: 2; range: 1 [1,1] ...mean: 1.0; median: 1.0; mode: 1; cardinality: 2; range: 0 [1,2,3] ...mean: 2.0; median: 2.0; mode: modeless; cardinality: 3; range: 2 [5,5,5,5,5] ...mean: 5.0; median: 5.0; mode: 5; cardinality: 5; range: 0 [0,2,4,5,5,8] ...mean: 4.0; median: 4.5; mode: 5; cardinality: 6; range: 8 [1,5,6,6,6,7,9] ...mean: 5.714285714285714; median: 6.0; mode: 6; cardinality: 7; range: 8 [-7,0,0,3,3,3,4,4] ...mean: 1.25; median: 3.0; mode: 3; cardinality: 8; range: 11 [-2,-2,0,1,1,2,2,2] ...mean: 0.5; median: 1.0; mode: 2; cardinality: 8; range: 4 [-4,-2,-2,3,12,12,42] ...mean: 8.714285714285714; median: 3.0; mode: modeless; cardinality: 7; range: 46
In: Computer Science
The data shown to the right represent the age (in weeks) at which babies first crawl, based on a survey of 12 mothers. Complete parts (a) through (c) below. 52 30 44 35 47 37 56 26 54 44 35 28 Click here to view the table of critical t-values. LOADING... Click here to view page 1 of the standard normal distribution table. LOADING... Click here to view page 2 of the standard normal distribution table. LOADING... (a) Draw a normal probability plot to determine if it is reasonable to conclude the data come from a population that is normally distributed. Choose the correct answer below. A. 20 30 40 50 60 -2 -1 0 1 2 Age (in weeks) Expected z-score A normal probability plot has a horizontal axis labeled "Age (in weeks)" from 20 to 60 in increments of 5 and a vertical axis labeled "Expected z-score" from negative 2 to 2 in increments of 0.5. The graph contains 12 plotted points that follow the general pattern of a line that falls from left to right through (30, 1) and (50, negative 1), with slight deviation from the line pattern at the tails. The 12 plotted points have coordinates as follows: (26, 1.6); (28, 1.1); (30, 0.8); (35, 0.5); (35, 0.3); (37, 0.1); (44, negative 0.1); (44, negative 0.3); (47, negative 0.5); (52, negative 0.8); (54, negative 1.1); (56, negative 1.6). All coordinates are approximate. B. 20 30 40 50 60 -4 -2 0 2 4 Age (in weeks) Expected z-score A normal probability plot has a horizontal axis labeled "Age (in weeks)" from 20 to 60 in increments of 5 and a vertical axis labeled "Expected z-score" from negative 4 to 4 in incrementservals of 1. The graph contains 12 plotted points that follow the general pattern of a line that rises from left to right through (30, negative 2) and (50, 2), with slight deviation from the line pattern at the tails. The 12 plotted points have coordinates as follows: (26, negative 3.3); (28, negative 2.3); (30, negative 1.6); (35, negative 1); (35, negative 0.6); (37, negative 0.2); (44, 0.2); (44, 0.6); (47, 1); (52, 1.6); (54, 2.3); (56, 3.3). All coordinates are approximate. C. 20 30 40 50 60 -2 -1 0 1 2 Age (in weeks) Expected z-score A normal probability plot has a horizontal axis labeled "Age (in weeks)" from 20 to 60 in increments of 5 and a vertical axis labeled "Expected z-score" from negative 2 to 2 in incrementstervals of 0.5. The graph contains 12 plotted points that follow the general pattern of a line that rises from left to right through (30, negative 1) and (50, 1), with slight deviation from the line pattern at the tails. The 12 plotted points have coordinates as follows: (26, negative 1.6); (28, negative 1.1); (30, negative 0.8); (35, negative 0.5); (35, negative 0.3); (37, negative 0.1); (44, 0.1); (44, 0.3); (47, 0.5); (52, 0.8); (54, 1.1); (56, 1.6). All coordinates are approximate. D. 20 30 40 50 60 -4 -2 0 2 4 Age (in weeks) Expected z-score A normal probability plot has a horizontal axis labeled "Age (in weeks)" from 20 to 60 in increments of 5 and a vertical axis labeled "Expected z-score" from negative 4 to 4 in increments of 1. The graph contains 12 plotted points that follow the general pattern of a line that falls from left to right through (30, 2) and (50, negative 2), with slight deviation from the line pattern at the tails. The 12 plotted points have coordinates as follows: (26, 3.3); (28, 2.3); (30, 1.6); (35, 1); (35, 0.6); (37, 0.2); (44, negative 0.2); (44, negative 0.6); (47, negative 1); (52, negative 1.6); (54, negative 2.3); (56, negative 3.3). All coordinates are approximate. Is it reasonable to conclude that the data come from a population that is normally distributed? A. Yes, because the plotted values are approximately linear. B. No, because the plotted values are not linear. C. No, because there are not enough values to make a determination. D. Yes, because the plotted values are not linear. (b) Draw a boxplot to check for outliers. Choose the correct answer below. A. 20 30 40 50 60 A boxplot has a horizontal axis labeled from 20 to 60 in increments of 5. The boxplot has the following five-number summary: 26, 32.5, 40.5, 49.5, 56. All values are approximate. B. 20 30 40 50 60 A boxplot has a horizontal axis labeled from 20 to 60 in increments of 5. The boxplot has the following five-number summary: 26, 32.5, 45, 54, 56. All values are approximate. C. 20 30 40 50 60 A boxplot has a horizontal axis labeled from 20 to 60 in increments of 5. The boxplot has the following five-number summary: 26, 37, 40.5, 49.5, 56. All values are approximate. D. 20 30 40 50 60 A boxplot has a horizontal axis labeled from 20 to 60 in increments of 5. The boxplot has the following five-number summary: 26, 37, 45, 54, 56. All values are approximate. Does the boxplot suggest that there are outliers? A. No, there are no points that are greater than the third quartile or less than the first quartile. B. Yes, there is at least one point that is greater than the third quartile or less than the first quartile. C. Yes, there is at least one point that is outside of the 1.5(IQR) boundary. D. No, there are no points that are outside of the 1.5(IQR) boundary. (c) Construct and interpret a 95% confidence interval for the mean age at which a baby first crawls. Select the correct choice and fill in the answer boxes to complete your choice. (Round to one decimal place as needed.) A. The lower bound is nothing weeks and the upper bound is nothing weeks. We are 95% confident that the mean age at which a baby first crawls is outside of the confidence interval. B. The lower bound is nothing weeks and the upper bound is nothing weeks. We are 95% confident that the mean age at which a baby first crawls is within the confidence interval. Click to select and enter your answer(s).
In: Statistics and Probability
| John Green, a recent graduate with four years of for-profit health management experience, was | ||||||||||||
| recently brought in as assistant to the chairman of the board of Digital Diagnostics, a manufacturer of | ||||||||||||
| clinical diagnostic equipment. The company had doubled its plant capacity, opened new sales offices outside its | ||||||||||||
| home territory, and launched an expensive advertising campaign. Digital's results were not satisfactory, | ||||||||||||
| to put it mildly. Its board of directors, which consisted of its president and vice president plus its major | ||||||||||||
| stockholders (who were all local business people), was most upset when directors learned how the expansion | ||||||||||||
| was going. Suppliers were being paid late and were unhappy, and the bank was complaining about the cut off | ||||||||||||
| credit. As a result, Eddie Sanders, Digital’s president, was informed that changes would have to be made, and | ||||||||||||
| quickly, or he would be fired. Also, at the board's insistence, John Green was brought in and given the job of | ||||||||||||
| assistant to Wendy Smith, a retired banker who was Digital's chairwoman and largest stockholder. Sanders | ||||||||||||
| agreed to give up a few of his golfing days and help nurse the company back to health, with Green's assistance. | ||||||||||||
| Green began by gathering financial statements and other data, shown below. The data show the dire situation | ||||||||||||
| that Digital Diagnostics was in after the expansion program. Thus far, sales have not been up to the | ||||||||||||
| forecasted level, costs have been higher than were projected, and a large loss occurred in Year 2, rather than | ||||||||||||
| the expected profit. Green examined monthly data for Year 2 (not given in the case), and he detected an | ||||||||||||
| improving pattern during the year. Monthly sales were rising, costs were falling, and large losses in the early | ||||||||||||
| months had turned to a small profit by December. Thus, the annual data look somewhat worse than final monthly | ||||||||||||
| data. Also, it appears to be taking longer for the advertising program to get the message across, for the new | ||||||||||||
| sales offices to generate sales, and for the new manufacturing facilities to operate efficiently. In other words, | ||||||||||||
| the lags between spending money and deriving benefits were longer thanDigital's managers had anticipated. | ||||||||||||
| For these reasons, Green and Sanders see hope for the company—provided it can survive in the short run. | ||||||||||||
| Green must prepare an analysis of where the company is now, what it must do to regain its financial health, | ||||||||||||
| and what actions should be
taken. |
||||||||||||
| Use an Excel Workbook to perform the quantitative parts of the analysis and include calculations. | ||||||||||||
| Digital Diagnostics | ||||||||||||
| Statement of Operations | ||||||||||||
| Yr 1 Actual | Yr 2 Actual | Yr 3 Projected | ||||||||||
| Revenue: | ||||||||||||
| Net patient service revenue | $3,432,000 | $5,834,400 | $7,035,600 | |||||||||
| Other revenue | $0 | $0 | $0 | |||||||||
| Total revenues | $3,432,000 | $5,834,400 | $7,035,600 | |||||||||
| Expenses: | ||||||||||||
| Salaries and benefits | $2,864,000 | $4,980,000 | $5,800,000 | |||||||||
| Supplies | $240,000 | $620,000 | $512,960 | |||||||||
| Insurance and other | $50,000 | $50,000 | $50,000 | |||||||||
| Drugs | $50,000 | $50,000 | $50,000 | |||||||||
| Depreciation | $18,900 | $116,960 | $120,000 | |||||||||
| Interest | $62,500 | $176,000 | $80,000 | |||||||||
| Total expenses | $3,285,400 | $5,992,960 | $6,612,960 | |||||||||
| Operating income | $146,600 | -$158,560 | $422,640 | |||||||||
| Provision for income taxes | $58,640 | -$63,424 | $169,056 | |||||||||
| Net income | $87,960 | -$95,136 | $253,584 | |||||||||
| Digital Diagnostics | ||||||||||||
| Balance Sheet | ||||||||||||
| Yr 1 Actual | Yr 2 Actual | Yr 3 Projected | ||||||||||
| Assets | ||||||||||||
| Current assets: | ||||||||||||
| Cash | $9,000 | $7,282 | $14,000 | |||||||||
| Marketable securities | $48,600 | $20,000 | $71,632 | |||||||||
| Net accounts receivable | $351,200 | $632,160 | $878,000 | |||||||||
| Inventories | $715,200 | $1,287,360 | $1,716,480 | |||||||||
| Total current assets | $1,124,000 | $1,946,802 | $2,680,112 | |||||||||
| Property and equipment | $491,000 | $1,202,950 | $1,220,000 | |||||||||
| Less accumulated depreciation | $146,200 | $263,160 | $383,160 | |||||||||
| Net property and equipment | $344,800 | $939,790 | $836,840 | |||||||||
| Total assets | $1,468,800 | $2,886,592 | $3,516,952 | |||||||||
| Liabilities and shareholders' equity | ||||||||||||
| Current liabilities: | ||||||||||||
| Accounts payable | $145,600 | $324,000 | $359,800 | |||||||||
| Accrued expenses | $136,000 | $284,960 | $380,000 | |||||||||
| Notes payable | $120,000 | $640,000 | $220,000 | |||||||||
| Current portion of long-term debt | $80,000 | $80,000 | $80,000 | |||||||||
| Total current liabilities | $481,600 | $1,328,960 | $1,039,800 | |||||||||
| Long-term debt | $323,432 | $1,000,000 | $500,000 | |||||||||
| Shareholders' equity: | ||||||||||||
| Common stock | $460,000 | $460,000 | $1,680,936 | |||||||||
| Retained earnings | $203,768 | $97,632 | $296,216 | |||||||||
| Total shareholders' equity | $663,768 | $557,632 | $1,977,152 | |||||||||
| Total liabilities and shareholders' equity | $1,468,800 | $2,886,592 | $3,516,952 | |||||||||
| Other data: | ||||||||||||
| Stock price | $8.50 | $6.00 | $12.17 | |||||||||
| Shares outstanding | 100,000 | 100,000 | 250,000 | |||||||||
| Tax rate | 40% | 40% | 40% | |||||||||
| Lease payments | $40,000 | $40,000 | $40,000 | |||||||||
| ANSWER THE FOLLOWING: | ||||||||||||
| Industry | ||||||||||||
| Yr 1 Actual | Yr 2 Actual | Yr 3 Projected | Average | |||||||||
| Profitability ratios | ||||||||||||
| Total margin | 3.6% | |||||||||||
| Return on assets | 9.0% | |||||||||||
| Return on equity | 17.9% | |||||||||||
| Liquidity ratios | ||||||||||||
| Current ratio | 2.70 | |||||||||||
| Days cash on hand | 22.0 | |||||||||||
| Debt management (capital structure) ratios | ||||||||||||
| Debt ratio | 50.0% | |||||||||||
| Debt to equity ratio | 2.5 | |||||||||||
| Times-interest-earned ratio | 6.2 | |||||||||||
| Cash flow coverage ratio | 8.00 | |||||||||||
| Asset management (activity) ratios | ||||||||||||
| Fixed asset turnover | 7.00 | |||||||||||
| Total asset turnover | 2.50 | |||||||||||
| Days sales outstanding | 32.0 | |||||||||||
| Other ratios | ||||||||||||
| Average age of plant | 6.1 | |||||||||||
| Earnings per share | n/a | |||||||||||
| Book value per share | n/a | |||||||||||
| Price/earnings ratio | 16.20 | |||||||||||
| Market/book ratio | 2.90 | |||||||||||
| Digital Diagnostics | ||||||||||||
| Common Size Statement of Operations | ||||||||||||
| Industry | ||||||||||||
| Yr 1 Actual | Yr 2 Actual | Yr 3 Projected | Average | |||||||||
| Revenue: | ||||||||||||
| Net patient service revenue | 100.0% | |||||||||||
| Other revenue | 0.0% | |||||||||||
| Total revenues | 100.0% | |||||||||||
| Expenses: | ||||||||||||
| Salaries and benefits | 84.5% | |||||||||||
| Supplies | 3.9% | |||||||||||
| Insurance and other | 0.3% | |||||||||||
| Provision for bad debts | 0.3% | |||||||||||
| Depreciation | 4.0% | |||||||||||
| Interest | 1.1% | |||||||||||
| Total expenses | 94.1% | |||||||||||
| Operating income | 5.9% | |||||||||||
| Provision for income taxes | 2.4% | |||||||||||
| Net income | 3.5% | |||||||||||
| Digital Diagnostics | ||||||||||||
| Common Size Balance Sheet | Industry | |||||||||||
| Yr 1 Actual | Yr 2 Actual | Yr 3 Projected | Average | |||||||||
| Assets | ||||||||||||
| Current assets: | ||||||||||||
| Cash | 0.3% | |||||||||||
| Marketable securities | 0.3% | |||||||||||
| Net accounts receivable | 22.3% | |||||||||||
| Inventories | 41.2% | |||||||||||
| Total current assets | 64.1% | |||||||||||
| Property and equipment | 53.9% | |||||||||||
| Less accumulated depreciation | 18.0% | |||||||||||
| Net property and equipment | 35.9% | |||||||||||
| Total assets | 100.0% | |||||||||||
| Liabilities and shareholders' equity | ||||||||||||
| Current liabilities: | ||||||||||||
| Accounts payable | 10.2% | |||||||||||
| Accrued expenses | 9.5% | |||||||||||
| Notes payable | 2.4% | |||||||||||
| Current portion of long-term debt | 1.6% | |||||||||||
| Total current liabilities | 23.7% | |||||||||||
| Long-term debt | 26.3% | |||||||||||
| Shareholders' equity: | ||||||||||||
| Common stock | 20.0% | |||||||||||
| Retained earnings | 30.0% | |||||||||||
| Total shareholders' equity | 50.0% | |||||||||||
| Total liabilities and shareholders' equity | 100.0% | |||||||||||
|
*Please show calculations. Thank you! |
||||||||||||
In: Accounting
October
1. S. Erickson invested $5 0,000 cash, a $16,000 pool equipment, and $12,000 of office equipment in the company.
2. The company paid $4,000 cash for five months’ rent.
3. The company purchased $1,620 of office supplies on credit from Todd’s Office Products.
5. The company paid $4,220 cash for one year’s premium on a property and liability insurance policy.
6. The company billed Deep End Co $4,800 for services performed in installing a new pool
8. The company paid $1,620 cash for the office supplies purchased from Todd’s Office Products on October 3.
10. The company hired Julie Kruit as a part-time assistant for $136 per day, as needed.
12. The company billed Deep End Co another $1,600 for services performed.
15. The company received $4,800 cash from Deep End Co as partial payment on its account.
17. The company paid $750 cash to repair pool equipment that was damaged when moving it.
20. The company paid $1,958 cash for advertisements published in the local newspaper.
22.The company received $1,600 cash from Deep End Co. on its account.
28. The company billed Happy Summer Corp $6,802 for consulting services performed.
31. The company paid $952 cash for Julie Kruit’s wages for seven days’ work.
31. S. Ericksonwithdrew $3,500 cash from the company for personal use.
November
1. The Company reimbursed S. Erickson in cash for business automobile mileage allowance (Ericksonlogged 1,500 miles at $0.32 per mile).
2. The company received $5,630 cash from Underground Inc. for consulting services performed.
5. The company purchased office supplies for $1,325 cash from Todd’s Office Products.
8. The company billedSlides R Us $7,568 for services performed.
13. The company agreed to perform future services for Henry’s Pool and Spa Co. No work has been performed.
18. The company received $2,802 cash from Happy Summer Corp as partial payment of the October 28 bill.
22. The company donated $450 cash to the United Way in the company’s name.
24. The company completed work and sent a bill for $4,800toHenry’s Pool and SpaCo.
25. The company sent another bill to Happy Summer Corp for the past-due amount of $ 4 000.
28. The company reimbursed S. Erickson in cash for business automobile mileage(1,300 miles at $0.32 per mile).
30. The company paid cash to Julie Kruit for 14 days’ work.
30. S. Erickson withdrew $1,500 cash from the company for personal use
December
2. Paid $1,200 cash to West Side Mall for Splashing Around’s share of mall advertising costs.
3. Paid $350 cash for minor repairs to the company’s pool equipment
4. Received $4,800 cash from Henry’s Pool and Spa Co. for the receivable from November.
10. Paid cash to Julie Kruit for six days of work at the rate of $136 per day.
14. Notified by Henry’s Pool and Spa Co. that Splashing Around’s bid of $ 10,000 on a proposed project has been accepted. Henry’s paid a $ 6,500 cash advance to Splashing Around
15. Purchased $1,400 of office supplies on credit from Todd’s Office Products.
16. Sent a reminder to Slides R Us to pay the fee for services recorded on November 8.
20. Completed a project for Underground Inc and received $6,545 cash.
22–26 Took the week off for the holidays.
28. Received $4,500 cash from Slides R Us on its receivable.
29. Reimbursed S. Erickson for business automobile mileage (500 miles at $0.32 per mile).
31. S.Erickson withdrew $ 2,500 cash from the company for personal use.
Adjusting Entries
The following additional facts are collected for use in making adjusting entries prior to preparing
financial statements for the company’s first three months:
a. The December 31 inventory count of office supplies shows $1800 still available.
b.Three months have expired since the 12-month insurance premium was paid in advance.
c. As of December 31, Julie Kruit has not been paid for four days of work at $136 per day.
d.The pool equipment, acquired on October 1, is expected to have a four-year life with no salvage value.
e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value.
f.Three of the five months’ prepaid rent has expired
just the adjusting entries journalized.
In: Accounting
The “People” Focus: Human Resources at Alaska Airlines
With thousands of employees spread across nearly 100 locations in the United States, Mexico, and Canada, building a committed and cohesive workforce is a challenge. Yet Alaska Airlines is making it work. The company’s “people” focus states:
While airplanes and technology enable us to do what we do, we recognize this is fundamentally a people business, and our future depends on how we work together to win in this extremely competitive environment. As we grow, we want to strengthen our small company feel . . . We will succeed where others fail because of our pride and passion, and because of the way we treat our customers, our suppliers and partners, and each other.
Managerial excellence requires a committed workforce. Alaska Airlines’ pledge of respect for people is one of the key elements of a world-class operation.
Effective organizations require talented, committed, and trained personnel. Alaska Airlines conducts comprehensive training at all levels. Its “Flight Path” leadership training for all 10,000 employees is now being followed by “Gear Up” training for 800 front-line managers. In addition, training programs have been developed for Lean and Six Sigma as well as for the unique requirements for pilots, flight attendants, baggage, and ramp personnel. Because the company only hires pilots into first officer positions—the right seat in the cockpit, it offers a program called the “Fourth Stripe” to train for promotion into the captain’s seat on the left side, along with all the additional responsibility that entails (see exterior and interior photos of one of Alaska Airlines’ flight simulators on the opening page of this chapter).
Customer service agents receive specific training on the company’s “Empowerment Toolkit.” Like the Ritz-Carlton’s famous customer service philosophy, agents have the option of awarding customers hotel and meal vouchers or frequent flier miles when the customer has experienced a service problem.
Because many managers are cross-trained in operational duties outside the scope of their daily positions, they have the ability to pitch in to ensure that customer-oriented processes go smoothly. Even John Ladner, Director of Seattle Airport Operations, who is a fully licensed pilot, has left his desk to cover a flight at the last minute for a sick colleague.
Along with providing development and training at all levels, managers recognize that inherent personal traits can make a huge difference. For example, when flight attendants are hired, the ones who are still engaged, smiling, and fresh at the end of a very long interview day are the ones Alaska wants on the team. Why? The job requires these behaviors and attitudes to fit with the Alaska Airlines team—and smiling and friendly flight attendants are particularly important at the end of a long flight.
Visual workplace tools also complement and close the loop that matches training to performance. Alaska Airlines makes full use of color-coded graphs and charts to report performance against key metrics to employees. Twenty top managers gather weekly in an operations leadership meeting, run by Executive VP of Operations, Ben Minicucci, to review activity consolidated into visual summaries. Key metrics are color-coded and posted prominently in every work area.
Alaska’s training approach results in empowered employees who are willing to assume added responsibility and accept the unknowns that come with that added responsibility.
Discussion Questions*
In: Operations Management
In: Economics
The following information was taken from the accounting records of Dunbar Mifflin Company in 2018.
Beginning of 2018Ending of 2018
Direct materials inventory135,00083,000
Work-in-process inventory185,000154,000
Finished-goods inventory255,000216,000
Purchases of direct materials270,000
Direct manufacturing labor225,000
Indirect manufacturing labor103,000
Plant insurance11,000
Depreciation-plant, building, and equipment48,000
Plant utilities29,500
Repairs and maintenance-plant13,500
Equipment leasing costs66,800
Marketing, distribution, and customer-service costs129,500
General and administrative costs72,500
Required:
Question 2(Total: 38 marks)
Following are the account balances for the DC Company in 2018:
Beginning of 2018Ending of 2018
Direct materials inventory26,50027,000
Work-in-process inventory30,50028,400
Finished-goods inventory16,50022,100
Purchases of direct materials79,000
Direct manufacturing labor24,500
Indirect manufacturing labor18,600
Plant insurance7,900
Depreciation-plant, building, and equipment11,800
Repairs and maintenance-plant3,500
Marketing, distribution, and customer-service costs87,900
General and administrative costs26,500
Required:
Question 3(Total: 30 marks)
Identify if the following costs are “product” or “period” costs:
|
COST |
Period Cost or Product Cost? |
|
1. Television advertisements for Bailey’s products |
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2. Lubricants used in running bottling machines |
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3. Research and Development related to elimination of antibiotic residues in milk |
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4. Gasoline used to operate refrigerated trucks delivering finished dairy products to grocery stores |
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5. Company president’s annual bonus |
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6. Depreciation on refrigerated trucks used to collect raw milk |
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7. Plastic gallon containers in which milk is packaged |
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8. Property insurance on dairy processing plant |
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9. Cost of milk purchased from local dairy farmers |
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10. Depreciation on tablets used by sales staff |
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11. Depreciation on chairs and tables in the factory lunchroom. |
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12. The cost of packaging the company’s product. |
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13. The wages of the receptionist in the administrative offices. |
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14. Cost of leasing the corporate jet used by the company’s executives. |
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15. The cost of renting rooms at a BC resort for the annual conference. |
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Question 4(Total: 14 marks)
The Trump International Hotel & Tower is a five-star hotel located in downtown Toronto. The hotel’s operations vice president would like to replace the hotel’s legacy computer terminals at the registration desk with attractive state-of-the-art flat-panel displays. The new displays would take less space, consume less power than the old computer terminals, and provide additional security, since they can be viewed only from a restrictive angle. The new computer displays would not require any new wiring. However, the hotel’s chef believes the funds would be better spent on a new bulk freezer for the kitchen.
Required:
|
Item |
Differential Cost |
Opportunity Cost |
Sunk Cost |
None |
|
Cost of the old computer terminals |
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Rent on the space occupied by the registration desk |
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Benefits from a new freezer |
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Cost of removing the old computer terminals |
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Cost of the new flat-panel displays |
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Wages of registration desk personnel |
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Cost of existing registration desk wiring |
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In: Accounting
In: Accounting
professor instructions for the assignment: You can earn extra credit if you read an article or news item about a project we discussed in class and write a 2 page reaction paper about it. Your paper must tell me about the project you read about, what makes it a sustainable or resilient project, what are the impacts, what did you like about the article, what did you not like, etc..
I would like to write about this new project that would expand public transportation in the Soundview area of the Bronx. An abandoned dock is being remodeled and rehabilitated for the project which is planning to open during summer 2018.
This is an article I found online that talks about this project.....
Ferry service to Soundview should be a reality this year, and some are calling for even more service in transit-starved east Bronx waterfront communities.
The route of service that includes Soundview’s ferry stop, is scheduled to begin service later this year from Clason Point Park, and the ferry dock is now under construction, according to NYC Economic Development Corporation.
As that plan inches closer to becoming a reality, the borough president used his 2018 State of the Borough speech on Thursday, February 22 to advocate for additional ferry landings.
“Ferry service is coming to Soundview, and should come to Throggs Neck and City Island as well,” said Borough President Ruben Diaz, Jr.
Diaz’s spokesman let the quote stand without further elaboration, but in the two east Bronx communities, leaders who have long advocated for ferry service made their case for additional stops.
Robert Barbarelli, Throggs Neck Home Owners Association board member, said he believes that ferry service could come to Throggs Neck, adding that S.U.N.Y. Maritime already docks a large training vessel in Throggs Neck.
“The waterways are not used enough which I think is a reason why there are always traffic issues on our roads,” said Barbarelli. “Utilizing waterways is a faster and more scenic route to get downtown.”
Dotti Poggi, Ferry Point Community Advocates leader, said that Ferry Point Park has a parking lot that could be used for ferry customers.
“Ferry Point is a perfect place because it has already has the infrastructure,” she said.
John Doyle, City Island Civic Association officer said he believes that one appropriate location for a ferry stop could be Orchard Beach, because it already has an large parking lot that is underutilized for nine months out of the year.
“Just having this mentioned in one of these speeches is helpful as this point,” said Doyle. “I am really hoping that when the Soundview ferry comes into service that it is super successful, because then we can build on that success.”
William Rivera, Community Board 9 district manager, said that the final details for the Soundview ferry are being worked out, including expanding service on the Bx 27 and Bx 39 buses by one stop during hours of operation so that commuters don’t have to walk far from the bus to ferry.
He is also involved in the planning of a community meeting in Clason Point that will take place prior to ferry operations starting.
Also being worked on are issues related to security, safety, lighting, parking, bathrooms and amenities at the Soundview ferry.
“Everyone supports the ferry, we just make sure it is done right,” said Rivera.
An EDC spokeswoman said stops along the ferry route servicing Soundview have changed in Manhattan, with an East 62nd Street stop dropped and an East 34th Street stop added.
The spokeswoman said that EDC “will begin to analyze ridership potential and landing capabilities for future expansion to other communities once we successfully implement 2018 routes this summer.”
In: Psychology