The amount of time that people spend at Grover Hot Springs is
normally distributed with a mean of 71 minutes and a standard
deviation of 17 minutes. Suppose one person at the hot springs is
randomly chosen. Let X = the amount of time that person spent at
Grover Hot Springs . Round all answers to 4 decimal places where
possible.
a. What is the distribution of X? X ~
N(Correct,Correct)
b. Find the probability that a randomly selected person at the hot
springs stays longer then 90 minutes.
c. The park service is considering offering a discount for the 7%
of their patrons who spend the least time at the hot springs. What
is the longest amount of time a patron can spend at the hot springs
and still receive the discount? minutes.
d. Find the Inter Quartile Range (IQR) for time spent at the hot
springs.
Q1: minutes
Q3: minutes
IQR: minutes
In: Statistics and Probability
Write a program in Java Using object Orientation Design to determine the status of Mini Van Doors. A logical circuit receives a different binary code to allow opening different doors. The doors can be opened by a dashboard switch, inside or outside handle. The inside handle will not open the door if the child safety lock is on or the master lock is on. The gear shift must be in the park to open the door.
** MUST USE constructors and methods. The methods should be instantiated by an object. Use simple main. The first bit Stream must be entered by users. The program needs to be interactive
In: Computer Science
The amount of time that people spend at Grover Hot Springs is
normally distributed with a mean of 80 minutes and a standard
deviation of 14 minutes. Suppose one person at the hot springs is
randomly chosen. Let X = the amount of time that person spent at
Grover Hot Springs . Round all answers to 4 decimal places where
possible.
a. What is the distribution of X? X ~ N(,)
b. Find the probability that a randomly selected person at the hot
springs stays longer then 89 minutes.
c. The park service is considering offering a discount for the 4%
of their patrons who spend the least time at the hot springs. What
is the longest amount of time a patron can spend at the hot springs
and still receive the discount? minutes.
d. Find the Inter Quartile Range (IQR) for time spent at the hot
springs.
Q1: minutes
Q3: minutes
IQR: minutes
In: Statistics and Probability
A New York City daily newspaper called “Manhattan Today” charges an annual subscription fee of $216. Customers prepay their subscriptions and receive 260 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $210 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $200 per hour. The company estimates that approximately 30% of the coupons will be redeemed. Required: 1. How much revenue should Manhattan Today recognize upon receipt of the $210 subscription price? 2. How many performance obligations exist in this contract? 3. Prepare the journal entry to recognize sale of 15 new subscriptions, clearly identifying the revenue or deferred revenue associated with each performance obligation.
In: Accounting
The UDairy ice cream truck plans to sell ice cream at an upcoming alumni event in Central Park (NYC). From past events, demand for ice cream is highly weather dependent. On rainy days, demand is normally distributed with a mean of 120 scoops and standard deviation of 35 scoops. On non-rainy days, demand is normally distributed with a mean of 200 scoops and standard deviation of 60 scoops. The ice cream truck will be loaded two days before the event and travel to NYC. If the UDairy truck plans to bring enough ice cream to maintain a 90% service level for a rainy day, but the day surprisingly turns out to be non-rainy, what is the probability of the ice cream truck stocking out? For simplicity, assume the number of scoops demanded is a continuous variable. Enter probability as a three-digit decimal (e.g. 0.500, 0.275, 0.942).
In: Math
BMG Music ran a direct TV campaign on a special anniversary album. Each album sold for $49.99 at retail. The company charged each customer with $7.99 for shipping and handling. The cost of producing the album was 45% of the retail price.
The Direct Marketing cost for the promotion were as follows: TV ad design costs are $85,000; to place the spots on air cost $750,000. It used a telephone call center to handle inbound telemarketing calls; process each order cost $3.50 per order. The Company sold 85,000 units.
1) What was the Unit dollar sale of each order?
2)What was the per unit cost of each order?
3)What was the per unit variable profit of each order?
4) What was the variable margin for each order?
5)What was the total dollar sales for the promotion?
6)What was the gross profit dollars for the promotion?
7) What was the total marketing direct costs?
8) What was the unit break even for the promotion?
9) What was the contribution profit ( operating profit) for the promotion?
10) What was the contribution margin for the promotion?
Use dollar signs, commas and % signs; round up except for percentage take to one decimal place
Bonus question:
If BMG wants to pay out a 10% commission on sales to sales representatives , what would price be so they have to sell the record for without lowering the profitability?
In: Finance
Daniel J Company uses a job-order costing system and started the month of
March with three jobs in process. The cost of beginning work in process
plus the costs added during March are shown below:
Job #1 Job #2 Job #3
beginning work in process ..... $4,930 $4,970 $2,840
COSTS ADDED DURING MARCH:
direct materials .............. $3,400 $4,200 $4,600
direct labor .................. $5,000 $4,000 ?
Daniel J applies overhead to jobs based on a percentage of direct materials
used. During March, Daniel J completed both Job #2 and Job #3. Job #1 was
not completed by the end of March. Job #2 consisted of 1,700 units; some
of these units were sold during March. None of the units from Job #3 were
sold in March. Daniel J Company's accounting records for March disclosed
the following information:
Work in process inventory balance at March 31 .......... $15,880
Actual overhead cost for the month of March ............ $ 8,500
Cost of goods sold for March ........................... $11,830
Finished goods inventory balance at March 31 ........... $18,870
The cost of goods sold number above represents the cost of goods sold for
March after the overhead variance has been closed for March.
Calculate the number of units from Job #2 that were sold during March.
Simply enter your answer as a number. Do not type the word units after
your answer.In: Accounting
Johnson Company uses a job-order costing system and started the month of
March with three jobs in process. The cost of beginning work in process
plus the costs added during March are shown below:
Job #1 Job #2 Job #3
beginning work in process ..... $4,930 $4,970 $2,840
COSTS ADDED DURING MARCH:
direct materials .............. $3,400 $4,200 $4,600
direct labor .................. $5,000 $4,000 ?
Johnson applies overhead to jobs based on a percentage of direct materials
used. During March, Johnson completed both Job #2 and Job #3. Job #1 was
not completed by the end of March. Job #2 consisted of 1,700 units; some
of these units were sold during March. None of the units from Job #3 were
sold in March. Johnson Company's accounting records for March disclosed
the following information:
Work in process inventory balance at March 31 .......... $15,880
Actual overhead cost for the month of March ............ $ 8,500
Cost of goods sold for March ........................... $11,830
Finished goods inventory balance at March 31 ........... $18,870
The cost of goods sold number above represents the cost of goods sold for
March after the overhead variance has been closed for March.
Calculate the number of units from Job #2 that were sold during March.
Simply enter your answer as a number. Do not type the word units after
your answer.In: Accounting
Johnson Company uses a job-order costing system and started the month of
March with three jobs in process. The cost of beginning work in process
plus the costs added during March are shown below:
Job #1 Job #2 Job #3
beginning work in process ..... $4,930 $4,970 $2,840
COSTS ADDED DURING MARCH:
direct materials .............. $3,400 $4,200 $4,600
direct labor .................. $5,000 $4,000 ?
Johnson applies overhead to jobs based on a percentage of direct materials
used. During March, Johnson completed both Job #2 and Job #3. Job #1 was
not completed by the end of March. Job #2 consisted of 1,700 units; some
of these units were sold during March. None of the units from Job #3 were
sold in March. Johnson Company's accounting records for March disclosed
the following information:
Work in process inventory balance at March 31 .......... $15,880
Actual overhead cost for the month of March ............ $ 8,500
Cost of goods sold for March ........................... $11,830
Finished goods inventory balance at March 31 ........... $18,870
The cost of goods sold number above represents the cost of goods sold for
March after the overhead variance has been closed for March.
Calculate the number of units from Job #2 that were sold during March.
Simply enter your answer as a number. Do not type the word units after
your answer.In: Accounting
|
Part 3 |
||||||||
|
USB Inc. predicted 2018 variable and fixed costs are as follows: |
Company budgeted for: |
43,200 |
Units |
|||||
|
Variable costs |
Fixed costs |
|||||||
|
Manufacturing |
734,400 |
172,800 |
||||||
|
Selling and Administrative |
216,000 |
60,500 |
||||||
|
Total |
950,400 |
233,300 |
||||||
|
USB Inc. produces a wide variety of computer interface devices. Per unit |
||||||||
|
manufacturing cost information about one of these products, a high-capacity flash drive is as follows: |
||||||||
|
Direct material |
$6 |
|||||||
|
Direct labor |
8 |
|||||||
|
Variable Manufacturing Overhead |
3 |
|||||||
|
Fixed Manufacturing Overhead -allocated per unit |
4 |
|||||||
|
Total manufacturing costs |
$21 |
|||||||
|
The following is the variable selling and administrative costs for the flash drive: |
$5 |
|||||||
|
Management has set a 2018 target profit on the flash drive of: |
$200,000 |
|||||||
Required: Make sure you show your work or use cell references for all calculations. You will not earn credit if you just type in your answer.
1. Determine the markup percentage on total variable costs required to earn the desired profit-46%
2. Use the variable cost markup you determined in #1 above to determine a suggested selling price for a flash drive. You are determining selling price per unit.
Selling price is based on total variable cost plus markup from #1 above.
Total variable cost per unit
Markup above total Variable cost
Selling price per unit
In: Accounting