question 20

Three identical units of merchandise were purchased during July, as follows:

Assume one unit sells on July 28 for $34.

Determine the gross profit, cost of goods sold, and ending inventory on July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) average cost flow methods.

An element crystallizes into a structure which may be described by a cubic type of unit cell 7. having one atom in each corner of the cube and two atoms on one of its face diagonals. If the volume of this unit cell is 24 x 10-24 cm3 and density of the element is 7.20 gm/cm3, calculate number of atoms present in 200 gm of the element

Review the financial ratios for Medical Associates. Select one of the ratios and recommend one or two strategies to improve that ratio in terms of liquidity, profitability, or financial efficiency.

Medical Associates

CR-2.5

Cash on Hand-26.29

AR-53.46

Total Margin-4.4

ROA-3.1

RE-3.4

Debt Ratio-.27.50

Total Asset Turnover-.7

Exercise 7-28 Publishing; Contribution Income Statement (LO 7-7, 7-8)

Europa Publications, Inc., specializes in reference books that keep abreast of the rapidly changing political and economic issues in Europe. The results of the company’s operations during the prior year are given in the following table. All units produced during the year were sold. (Ignore income taxes.)

Required:
1-a. Prepare a traditional income statement for the company.
1-b. Prepare a contribution income statement for the company.
2. What is the firm’s operating leverage for the sales volume generated during the prior year?
3. Suppose sales revenue increases by 14 percent. What will be the percentage increase in net income?
4. Which income statement would an operating manager use to answer requirement 3?

Directions: Conduct a T test for Dependent Samples to answer the questions based on the following scenario. (Assume a nondirectional research hypothesis ( two-tailed test) and a level of significance of .05)

To further examine the school performance scores of the district the superintendent identified schools within the district that could be matched to schools from surrounding districts using a series of demographic characteristics such as size, socio-economic status, and percent special education students. The data that were collected are presented above.

1. What are the mean school performance scores for the superintendent's district and matched schools?

2. What are the standard deviations of the school performance scores for the superintendent's district and matched schools?

3. State an appropriate null hypothesis for the analysis.

4. What is the observed or computed value of t?

5. What is the value of degrees of freedom that are reported in the output?

6. What is the reported level of significance from the T Test for Dependent Means?

7. Based on the result of the T Test for Dependent Means, what would you conclude about the difference in scores of schools in the superintendent's district and the matched schools?

8. Present the result as they might appear in an article. This must include a table and narrative statement that reports the results of the T Test for Dependent Means.

Match the term to its definition.

1. Decrease in Supply

2. Increase in Quantity Supplied

3. Increase in Demand

4. Decrease in Demand

5. Decrease in Quantity Supplied

6. Increase in Supply

7. Decrease in Quantity Demanded

8. Increase in Quantity Demanded

Select

A. Buyers want less because price increases.

B. Sellers offer more because price increases.

C. Sellers offer less because price decreases

D. Buyers want more because price falls.

E. Buyers want less at every price.

F. Sellers offer less at every price.

G. Sellers offer more at every price.

H. Buyers want more at every price.

Question: At the 10% level of significance, research is conducted to test whether the true proportion of non-registered voters in the state of Florida between the ages of 18 and 44 years is 10%. It is shown that out of 1,260 individuals in the state of Florida, 146 individuals in this age group are non-registered voters. Test the claim that true proportion of non-registered voters between the ages of 18 and 44 years is more than 10%. {Note: Use three decimal places for sample proportion}.

Null Hypothesis :

Alternate Hypothesis :

This is a tail test:   {Fill in the blank with either left or right or two}.

Sample proportion: {Fill the blank with sample proportion value rounded to THREE decimal places}

Each category has a count of at least 5 in them: {Based on your understanding of the problem, fill the blank either with true or false}

We use ___ distribution: {Fill the blank with z or t}

Critical value is:   {Fill the blank with the critical value; to report a critical value for two tail test just enter the positive value}

Test Statistic: {Fill the blank with the computed test statistic value rounded to TWO decimals}

p-value =  {Fill the blank with the computed p-value}

Decision: p-value is the level of significance:  {Fill the blank with < or > or = or <>}

At the given level of significance, we have evidence to reject the: {Fill the blank with sufficient or insufficient}.

We conclude that the test is {Fill the blank with significant or insignificant}

Question 36

True or false: With advancements in technology, more and more costs that once were classified as "indirect" can now be economically traced and thus become "direct"

True

False

Question 37

True or false: "Cost of Goods Sold" divided by the units sold is an accurate estimate of variable costs per unit in CVP analysis.

True

False

question: 38

A restaurant has a variety of costs including utilities, table napkins, potatoes & building rent. Which of these costs would most likely be classified as "fixed/indirect"

in relation to the cost of a chicken dinner

a) utilities

b) rent

c) napkins

d) potatoes

Question: Company "Q" produces 3 products referred to as "One", "Two" & "Three", who last month used the following, respectfully: $1,000, $2,000 and $3,000 worth of production labour; 100, 100 and 200 hours of machining hours; 20, 60 and 100 hours of inspection services. Last month indirect costs totaled as follows: inspection costs totaled $4,500, supervision costs totaled $24,000, and machine maintenance costs totaled $8.000.

Last month indirect costs for product lines "One", "Two" and "Three" totaled respectfully:

a) $18,500, $11,500, $6,500

b) $11,500, $18.500, $6,500

c) $6,500. $11.500, 18,500

d) $12.167 for each product line

Find the cash conversion cycle for XYZ in 2018. If the industry averages are 30 days for sales to cash, 75 days for inventory to sales, and 30 days for purchase to payment, where is XYZ performing better or worse than the industry? How does the XYZ cash conversion cycle compare to the industry? Should XYZ address any or all of these differences and why?

Financial Statements for XYZ Corp.

Balance Sheet for Period Ending December 31.

Income Statement for the Period Ending December 31.