here are several parts to this question so make sure you are answering each part. A researcher collects the following sample of scores: 3, 5, 6, and 10. What is the mean?
QUESTION 5
What is value for Σ(X – M)?
QUESTION 6
What is the Sum of Squares?
QUESTION 7
What are the degrees of freedom?
QUESTION 8
What is the variance? Round to three decimal places.
QUESTION 9
What is the standard deviation? Round to three decimal places.
A sample of n = 10 scores has a M = 7 and s = 2. Two points is added to every score. Now, what is the standard deviation?
A sample of n = 10 scores has a M = 7 and s = 2. Every score is multiplied by 8. Now, what is the mean?
A sample of n = 10 scores has a M = 7 and s = 2. Every score is multiplied by 8. Now, what is the standard deviation?
A population of scores has a standard deviation of 12. What is the variance?
A population of scores has a variance of 81. What is the standard deviation?
In: Statistics and Probability
| [The following information applies to the questions displayed below.] |
|
Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: |
| a. |
The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,900, 20,000, 22,000, and 23,000 units, respectively. All sales are on credit. |
| b. |
Forty percent of credit sales are collected in the month of the sale and 60% in the following month. |
| c. | The ending finished goods inventory equals 20% of the following month’s unit sales. |
| d. |
The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.50 per pound. |
| e. |
Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. |
| f. |
The direct labor wage rate is $13 per hour. Each unit of finished goods requires two direct labor-hours. |
| g. |
The variable selling and administrative expense per unit sold is $1.50. The fixed selling and administrative expense per month is $70,000. |
| 8. | What is the estimated accounts payable balance at the end of July? |
| 9. | What is the estimated raw materials inventory balance at the end of July? |
| 10. |
What is the total estimated direct labor cost for July assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced? |
| 11. |
If the company always uses an estimated predetermined plantwide overhead rate of $7 per direct labor-hour, what is the estimated unit product cost? (Round your answer to 2 decimal places.) |
| 12. |
What is the estimated finished goods inventory balance at the end of July, if the company always uses an estimated predetermined plantwide overhead rate of $7 per direct labor-hour? |
| 13. |
What is the estimated cost of goods sold and gross margin for July, if the company always uses an estimated predetermined plantwide overhead rate of $7 per direct labor-hour? |
| 14. | What is the estimated total selling and administrative expense for July? |
| 15. |
What is the estimated net operating income for July, if the company always uses an estimated predetermined plantwide overhead rate of $7 per direct labor-hour? |
In: Accounting
In: Mechanical Engineering
In: Accounting
1- Calculate the present value of $35,000 received 9 years from today if your investment pays 6% compounded annually.
2- Calculate the present value of $50,000 received 8 years from today if your investment pays 8% compounded semiannually.
3- Calculate the present value of annuity $70,000 received 20 years from today if your investment pays 7% compounded annually.
4- Calculate the present value of annuity $30,000 received 8 years from today if your investment pays 8% compounded quarterly.
5- Calculate the future value of an annuity stream that pays $15,000 every year for 6 years on the last day of each year if your investment pays 12% compounded quarterly.
6- Calculate the future value of an annuity stream that pays $10,000 every year for 12 years on the last day of each year if your investment pays 6 % compounded semiannually.
7- Calculate the Future value of $35,000 received 9 years from today if your investment pays 6% compounded annually.
8- Calculate the Future value of $75,000 received 8 years from today if your investment pays 8% compounded semiannually.
9- Calculate the present value of annuity $30,000 received 8 years from today if your investment pays 8% compounded yearly.
10- Calculate the present value of annuity $150,000 received 150 years from today if your investment pays 9% compounded annually.
In: Finance
Case Study: PackCo
PackCo is an Australian-listed company that manufactures
packaging products. PackCo services customers that are mainly food
and beverage producers. The company currently operates in
Australia, New Zealand and USA, and employs more than 6,000 staff.
With its head office in Melbourne, Victoria, PackCo is listed on
the Australian Stock Exchange and operates a number of production
facilities in Australia, mainly in Victoria and South Australia.
Since its inception, the company has grown steadily with revenues
reaching almost USD $4 billion in 2016. The company has also
acquired a number of other businesses to support its business
growth.
PackCo sells its products and services to both local and overseas
customers, and is reliant on third party logistics (3PLs) for
transportation and forwarding companies to move its products. A
newly appointed Supply Chain Optimisation Manager, Aras, has been
tasked to oversee transportation and freight optimisation within
PackCo. His responsibilities include conducting RFPs (requests for
proposals) for the selection of carriers, and also implementing
S&OP and CPFR projects to ensure that demand planning within
the category is cost efficient and service effective.
Despite the implementation of an ERP system, management and replenishment of inventory to the right location has been a challenge.
Aras, in his first weeks of this job in overseeing one of the business groups within PackCo, recognised that due to forecast inaccuracies, it would be a big challenge to get the transport planning right. Despite the implementation of an ERP system, due to master data inaccuracies, management and replenishment of inventory to the right location has been a challenge. This has led to the demand planners in his team resorting to using spreadsheets to communicate demand requirements to the providers. Also, the lack of accurate data has resulted in higher inventories and accumulation of aged and obsolete stock.
Aras realised that his supply chain team has constantly exceeded
its logistics budget to provide outstanding service levels for
customers. Due to lack of clear sales strategy, expedited delivery
or special production runs for low-order customers have further
reduced the profit margins. For example, one of PackCo’s biggest
accounts, Healthy Foods, spends only $2 million a year and, yet the
logistics costs incurred servicing this client as a percent of
revenue is over 25%.
Aras, prior to his first quarterly C-level management meeting,
asked his team to run some analysis for the customer base and its
use of 3PL provider services. The results were astonishing:
36.1% of the customer base accounts for 73% of the company’s operating profits.
24.9% of the customer base accounts for approximately USD246 million in losses.
the average DIFOT (deliver in-full and on-time) rate is 99.6% for the customer base.
the average logistics costs as a per cent of revenue across the customers is 16.3%.
there is no long-term contract with any 3PLs. Contracts tend to be 'arms-length' and negotiated with the 3PLs on ad-hoc basis.
68.2% of the outbound deliveries tend to be LTL (less-than-truckload).
special production runs lead to overtime wastage of more than USD $46 million in the last financial year.
Question:
Students are required to prepare a one-page executive summary (no more than 500 words) that describes the problem(s) identified from the case company and to prescribe recommendations to overcome the problems and take following elements in consideration.
1) Identification of key issues and their practical ramifications.
2) Rich recommendations (or recommended solutions).
3) Logical and coherent argument to support recommendations, substantiated, where appropriate, by credible, tested practices and/or well established academic paradigms or perspectives.
4) Indication of limitations or plausible pitfalls arising from implementation of recommendations.
In: Operations Management
1.Midland Resources has two production departments (Fabrication and Assembly) and three service departments (Engineering, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded:
| Supplying Department | Using Department | ||||||||||||||
| Engineering | Administration | Maintenance | Fabrication | Assembly | |||||||||||
| Engineering | 0 | 50 | % | 0 | 10 | % | 40 | % | |||||||
| Administration | 10 | % | 0 | 20 | % | 50 | % | 20 | % | ||||||
| Maintenance | 0 | 20 | % | 0 | 20 | % | 60 | % | |||||||
| Direct cost | $ | 22,000 | $ | 193,300 | $ | 25,000 | $ | 180,000 | $ | 50,000 | |||||
Required:
Allocate the service department costs to the two operating departments using the reciprocal method
Engineering
Administration
Maintenance
2. GG Products, Inc., prepares tips and stems from a joint process using asparagus. It produced 250,000 units of tips having a sales value at the split-off point of $60,000. It produced 250,000 units of stems having a sales value at split-off of $40,000. Using the net realizable value method, the portion of the total joint product costs allocated to tips was $52,500.
Required:
Compute the total joint product costs before allocation. (Do not round intermediate calculations.)
Total Cost=
In: Accounting
Caption:Princess Foods Corporation has observed the changing awareness of the population on health and nutrition. Therefore, they want to investigate the acceptance of a low-calorie product and a low-sodium product by market segment.(gender) Are people more concerned about low-calorie soups or low-sodium soups and how does that break down by market segment (age)?
Mieke:Here’s what we did: Two hundred customers were selected at random for two different interviews. We were hoping that the information that we gleaned from these interviews would indicate the relative interest in low-calorie and/or low-sodium soup and how that interest was broken down by market segment. That’s going to give us insight into what the market wants and insight into who this customer is.
“Which of the following three products are you most interested in?” Then the results were tallied, indicating by age category preference for each of the three options. A study for each collected the following data. Test for independence at a significance of 5%.
| Categories | 50 years or younger | Over 50 |
| Low Sodium | 31 | 40 |
| Regular Broth | 33 | 38 |
| Creamed Soups | 36 | 22 |
In: Statistics and Probability
In: Statistics and Probability
(c) Concise Limited makes a component for one of the engines that it builds. It uses, on average, 2,000 of these components, steadily throughout the year. The component costs $16 per unit to make and it costs an additional $320 to setup the production process each time a batch of components is made. The holding cost per unit is 10% of the unit production cost. The company makes these components at a rate of 200 per week, and the factory is open for 50 weeks per annum. Calculate the Economic Batch Quantity EBQ. (d) List and explain seven key purposes of a budgeting system. (e) Briefly explain any four (4) approaches to budgeting
In: Accounting