Xena is a distributor of air conditioners, operating under the trade name of Kool R.U. Xena supplies conditioners to retailers mostly during the Spring. On July 1, Xena stumbled across three air conditioners she wished to sell so she sent the following memo to Electra, a business which uses this type of air conditioner.

July 3, 2018

I have three air conditioners remaining in this year's supply. I will sell them to you for $2,000 each if you want them. Think it over. I will hold this offer open for you for 30 days.

Signed X

On July 27, a representative of Sullivan Corporation came to Xena's facility and asked if Xena had any air conditioners. Xena said; "yes". The representative then offered to purchase the three air remaining air conditioners at a price better than the price offered to Electra. Xena agreed to the sale to Sullivan.

(a)      On July 28, Xena informed Electra of the sale. That same day, Electra sent a letter by Fed-Ex overnight mail accepting Xena’s offer and demanding delivery of the air conditioners. When Xena responds that she already sold them, Electra brings suit. Who wins? Explain fully.

(b)      Would your answer to (a) be different if Xena did not notify Electra of the sale? Explain fully.

Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year.

The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window coverings are less complex for residential customers. In addition, the residential client base resides in close proximity to the company office, so travel costs are not as expensive on a per client visit for residential customers. As a result, she has decided to take a closer look at the overhead costs assigned to the two product lines to determine whether a more accurate product costing model can be developed. Here are the three activity cost pools and related information she developed:

Part 1

Compute the activity-based overhead rates for each of the three cost pools. (Round answers to 2 decimal places, e.g. 12.25.)

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Part 2

Determine the overhead cost assigned to each product line. (Round answers to 0 decimal places, e.g. 1,575.)

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Part 3

Compute the operating income for each product line, using the activity-based overhead rates. (Round answers to 0 decimal places, e.g. 1,575.)

Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year.

The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window coverings are less complex for residential customers. In addition, the residential client base resides in close proximity to the company office, so travel costs are not as expensive on a per client visit for residential customers. As a result, she has decided to take a closer look at the overhead costs assigned to the two product lines to determine whether a more accurate product costing model can be developed. Here are the three activity cost pools and related information she developed:

Compute the activity-based overhead rates for each of the three cost pools. (Round answers to 2 decimal places, e.g. 12.25.)

eTextbook and Media

Partially correct answer iconYour answer is partially correct.

Determine the overhead cost assigned to each product line. (Round answers to 0 decimal places, e.g. 1,575.)

eTextbook and Media

Incorrect answer iconYour answer is incorrect.

Compute the operating income for each product line, using the activity-based overhead rates. (Round answers to 0 decimal places, e.g. 1,575.)

Stocks A and B have expected returns of 8% and 10%, and standard deviations of 12% and 18%, respectively. Calculate the expected return and standard deviation of equally weighted portfolios of the two stocks if the correlation between the two stocks is 0.5? Repeat the calculation for correlation of 0 and -0:5. If you could set the correlation between the two stocks, which of the three values would you choose? Explain.

The settlement of foundations is typically the result of three separate occurrences that take place in the soil which provides support. List these factors and give a brief description of each.

Explain the difference between soil compression, soil consolidation, and compaction. Explain the difference between a normally consolidate and an over-consolidated soil deposit.   

Please type your answer instead of writing out your answer on paper.

The waiting times between a subway departure schedule and the arrival of a passenger are uniformly distributed between 0 and 9 minutes. Find the probability that a randomly selected passenger has a waiting time less than 0.75 minutes.

Find the probability that a randomly selected passenger has a waiting time less than 0.75 minutes.

(Simplify your answer. Round to three decimal places as​ needed.)

Which of the following is false when conducting an analysis of variance?

Group of answer choices

The difference between three or more means will be examined

The Type I error rate is inflated automatically compared to the t test for independent samples even if you use the same alpha

Specific differences between pairs of means are not known when a significant result is found

Two estimates of the population variance are compared