Requirements Specification (this is a fictional scenario)
A large business, with several medical practices, contacted your company to create a database design. You received the task to investigate if there is a need for a hierarchy based on the specifications below, and to create the hierarchy analysis if needed. You must not create the entire analysis but only the aspects related to the hierarchy as described in the instructions, class lectures and sample examples. This is the relevant fragment from the requirements specification related to your task.
In the practice we have medical doctors, nurses, staff and other employees (e.g. cleaners for which we just keep contact information: name, SSN, phone).
For the doctors we keep the name, SSN, phone, email, main specialty, medical school. A doctor may have appointments and write prescripions. For nurses we keep the name, SSN, phone, and nurse program they completed. A nurse will prepare the patient during the visit and may collect various data. For staff we keep the name, SSN, phone and their role (e.g. receptionist, scheduler, accountant). Based on the practice policies, a nurse will not be allowed to perform staff duties.
The company wants to keep a log with who was working daily, between what hours and in which role. The company also wants to fast identify the role of a person in the organization (e.g. doctor, nurse, ...), based on the last name or id.
In: Computer Science
Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $8,400 of indirect materials and $13,700 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form:
| Job 301 | Job 302 | ||
| Direct materials | $10,100 | Direct materials | $19,000 |
| Direct labor | 8,500 | Direct labor | 16,200 |
| Factory overhead | 5,950 | Factory overhead | 11,340 |
| Total | $24,550 | Total | $46,540 |
| Job 303 | Job 304 | ||
| Direct materials | $23,700 | Direct materials | $12,700 |
| Direct labor | 16,300 | Direct labor | 11,800 |
| Factory overhead | — | Factory overhead | — |
Required:
Journalize the Jan. 31 summary entries to record each of the following operations for January (one entry for each operation). Refer to the Chart of Accounts for exact wording of account titles.
| a. Direct and indirect materials used. | |
| b. Direct and indirect labor used. | |
| c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). | |
d. Completion of Jobs 301 and 302. | |
| CHART OF ACCOUNTS | |
| Old School Publishing Inc. | |
| General Ledger | |
| ASSETS | |
| 110 | Cash |
| 121 | Accounts Receivable |
| 125 | Notes Receivable |
| 126 | Interest Receivable |
| 131 | Materials |
| 132 | Work in Process |
| 133 | Factory Overhead |
| 134 | Finished Goods |
| 141 | Supplies |
| 142 | Prepaid Insurance |
| 143 | Prepaid Expenses |
| 181 | Land |
| 191 | Factory |
| 192 | Accumulated Depreciation-Factory |
| LIABILITIES | |
| 210 | Accounts Payable |
| 221 | Utilities Payable |
| 231 | Notes Payable |
| 236 | Interest Payable |
| 241 | Lease Payable |
| 251 | Wages Payable |
| 252 | Consultant Fees Payable |
| EQUITY | |
| 311 | Common Stock |
| 340 | Retained Earnings |
| 351 | Dividends |
| 390 | Income Summary |
In: Accounting
In what follows, use any of the following tests/procedures: Regression, multiple regression, confidence intervals, one-sided t-test or two-sided t-test. All the procedures should be done with a 5% P-value or a 95% confidence interval.
Upload the data HeartRate_Exercise. These data are based on 45 randomly chosen high school students.
SETUP: It is believed that high school students who do not exercise have a heart rate (at rest) above 70. Given the data your job is to confirm or disprove this belief.
1. What test/procedure did you perform?
a. One-sided t-test
b. Two-sided t-test
c. Regression
d. Confidence interval
2. What is the P-value/margin of error?
a. 1.56075E-45
b. 3.1215E-45
c. 6.149555
d. 8.065421
e. None of these
3. Statistical interpretation
a. Since the P-value is very small, we are confident that the average heart rate is above 70.
b. Since the P-value is very small, we are very confident that the averages are different.
c. Since the P-value is very small, we are confident that the slope of regression line is not zero.
d. We are 95% certain that the confidence interval is [70.268, 86.399].
e. None of these
4. Conclusion
a. Yes, I am confident that the above assertion is correct.
b. No, we cannot claim that the above assertion is correct.
weekly exercise (hours) Heart Rate at rest 16 55 2 76 3 78 17 46 19 76 3 68 19 61 12 68 15 48 2 71 4 72 2 81 10 64 9 61 0 73 0 84 5 72 16 58 0 77 19 54 4 79 8 73 6 85 17 57 2 75 7 85 13 73 3 75 8 84 6 52 5 60 18 69 1 66 19 90 19 64 5 65 0 74 2 55 18 67 2 78 0 71 18 76 11 76 13 84 0 91
In: Statistics and Probability
Brad and Jen are husband and wife. Five years ago, Brad and Jen, together with their friend, Angie, set up a company called Organics Farm Pty Ltd (Organics Farm) to operate an organic farming business in Queensland. The three of them met at the University where Brad and Jen were each completing a degree in agriculture and Angie a degree in commerce. All three have a passion for organic produce. When they set up the company after completing their university studies, it was agreed by the three of them that they would have equal shares in the company and that they would all be directors. It was also agreed that Brad and Jen would be responsible for the day to day running of the farm whilst Angie would be responsible for the finances and the marketing and sale of the organic produce. The business has been running successfully and it now has a strong market presence throughout Australia. During one of Organic Farm’s board meetings, Angie proposed that they look towards expanding into the Asian market. Angie explained that she had done some research and that her investigations showed there was a demand for organic produce. She suggested using the company’s surplus funds to conduct further market research into the export market. Brad and Jen voted against this proposal because they wanted to use the surplus funds to donate to the local school to build a swimming pool which Brad hoped would be named after his grandfather. Angie queried whether this was an appropriate use of corporate funds given that the demand for organic produce was just starting to grow in Asia and that Organics Farm could really capitalise on this growing demand. But Angie’s concerns were dismissed by Brad and Jen. Shortly after this board meeting, Brad and Jen called a general meeting of Organic Farm’s shareholders and a resolution was passed removing Angie as a director. In the next board meeting, Brad and Jen resolved to increase directors’ remuneration and to stop paying dividends.
(a) What action can Angie take against Brad and Jen in relation to the donation of funds to the local school? Angie believes that there has been a breach by Brad and Jen of their common law and statutory duty to act in good faith, in the best interests of the company and for a proper purpose.
(b) What action can Angie take against Brad and Jen for the non-payment of dividends?
In: Accounting
For each variable:
Construct a frequency distribution
Calculate appropriate measures of central tendency
Calculate appropriate measures of dispersion
Write a sentence or two summarizing the frequency distribution, central tendency, and dispersion of each variable
Each item is worth 10 points for a total of 40 points.
Survey Items:
1. What is your age in years? (Values are actual ages.)
2. Educational level
0. Less than HS
1. High School
2. Jr. College
3. Bachelor's degree
4. Graduate school
3. Gender
1. Male
2. Female
4. "White people have a right to keep Blacks out of their neighborhoods. "
1. Agree strongly
2. Agree slightly
3. Disagree slightly
4. Disagree strongly
Please see the next page for the dataset.
Segregated
Case Age Degree Sex Neighborhoods
1 29 3 2 4
2 38 3 2 4
3 63 2 2 4
4 30 1 1 3
5 38 1 1 2
6 48 3 1 3
7 28 1 2 2
8 30 3 2 2
9 25 0 2 3
10 35 1 1 4
11 73 0 2 3
12 55 3 1 4
13 70 4 2 4
14 50 1 2 1
15 62 0 1 2
16 45 3 1 2
17 45 2 2 4
18 35 1 1 2
19 74 1 2 4
20 32 0 1 1
21 36 1 1 4
22 29 1 2 2
23 42 3 2 1
24 40 1 2 4
25 35 1 2 3
26 68 3 2 4
27 38 1 2 2
28 32 2 2 4
29 50 0 2 3
30 26 1 2 4
In: Statistics and Probability
The results of both sections of your employment examination have finally been received, and you were offered the position. You have a few important decisions to make before you can formally accept or decline the position.
I. School Versus Work A. The school you would like to attend costs $100,000. To help finance your education, you need to choose whether or not to sell your 1,000 shares of Apple stock, 1,000 EE Savings Bonds (with $100 denominations and 4.25% coupon rate) that are five years from their 30-year maturity date, or a combination of both. Provide the appropriate data and calculations that you would perform to make this decision. B. What are the advantages and disadvantages of selling a combination of stocks and bonds? Be sure to support your answers. C. Suppose that you choose to sell your stocks, bonds, or a combination of both. What is your choice, and what is your financial reasoning behind this choice? Consider supporting your answer with quantitative data. D. Suppose that you choose to accept the job. What is your financial reasoning behind this choice? Be sure to support your answer with quantitative data. II. Bonus Versus Stock
A. The company has offered you a $5,000 bonus, which you may receive today, or 100 shares of the company’s stock, which has a current stock price of $50 per share. Mathematically, what is the best choice? Why?
B. What are the advantages and disadvantages of each option? Be sure to support your answers.
C. What would you ultimately choose to do? What is your financial reasoning behind this choice? Consider supporting your answer with quantitative data.
III. Compliance
A. While investigating the shares offered to you by your potential boss, you discover that the company you are considering working for is not registered as required under the Securities Act of 1933. How does this influence you as a potential employee and as a potential shareholder? Be sure to reference any applicable statutes or laws.
B. You know that accepting this job may eventually lead to a promotion into the role of the financial manager. As the potential financial manager, what federal and shareholder requirements would you need to be familiar with in order to ensure that you are being completely compliant?
In: Finance
Crane Co. provides music lessons to many clients across the
city. The following information is available to be used in
recording annual adjusting entries at the company’s September 30,
2021, year end:
| 1. | On October 1, 2020, the company had a balance of $1,980 in its supplies account. Additional supplies were purchased during the year totalling $1,760. The supplies inventory on September 30, 2021, amounts to $600. | |
| 2. | On November 1, 2020, Crane purchased a one-year insurance policy for $3,000. | |
| 3. | On January 2, 2021, a client paid $1,500 for six months of lessons starting April 2, 2021. | |
| 4. | On February 1, 2021, Crane purchased a grand piano (to be used in music lessons) for $25,200. The piano’s estimated useful life is 14 years. | |
| 5. | On May 1, 2021, Crane borrowed $27,180 from the bank and signed a 10-month, 8% note payable. Interest and principal are to be paid at maturity. | |
| 6. | On August 1, 2021, Crane signed a contract with a neighbourhood school to provide weekly piano lessons to some of its students for a fee of $1,700 per month. The contract called for lessons to start on September 1, 2021. The school has not yet been sent an invoice for the month of September. | |
| 7. | On August 15, 2021, the company paid $9,090 to Pinnacle Holdings to rent additional studio space for nine months starting September 1. Crane recorded the full payment as Prepaid Rent. | |
| 8. | Crane’s instructors have earned salaries of $2,500 for the last week of September 2021. This amount will be paid to the instructors on the next payday: October 6, 2021. | |
| 9. | Music lessons were provided to a local church group for $1,200 on September 30, 2021. Crane has not yet invoiced the group or recorded the transaction. | |
| 10. | In early October 2021, Crane received an invoice for $985 from the utility company for September utilities. The amount has not yet been recorded or paid. |
Prepare the adjusting journal entries. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually. Round answers to the nearest whole dollar, e.g.
5,275. If no entry is required, select "No Entry" for the account
titles and enter 0 for the amounts.)
In: Accounting
Determine which ethical perspective is primarily reflected in each of the arguments below and, in 1-2 sentences for each argument, explain why it corresponds to the ethical perspective you selected..
Ethical Perspectives:
A =
Consequentialism
B = Duty Ethics/Deontology
C = Virtue Ethics
D = Moral Relativism
Arguments:
In: Nursing
In: Finance
PacRim Careers provides training to individuals who pay tuition
directly to the business. The business also offers extension
training to groups in off-site locations. Additional information
available at the December 31, 2020, year-end follows:
| PACRIM CAREERS Trial Balances December 31, 2020 |
||||||||||||
| Unadjusted | Adjusted | |||||||||||
| Trial Balance | Adjustments | Trial Balance | ||||||||||
| Account | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | ||||||
| Cash | $ | 18,800 | ||||||||||
| Accounts receivable | 0 | |||||||||||
| Teaching supplies | 7,300 | |||||||||||
| Prepaid insurance | 1,480 | |||||||||||
| Prepaid rent | 8,400 | |||||||||||
| Professional library | 64,800 | |||||||||||
| Accumulated depreciation, professional library | $ | 19,440 | ||||||||||
| Equipment | 108,000 | |||||||||||
| Accumulated depreciation, equipment | 36,000 | |||||||||||
| Accounts payable | 2,900 | |||||||||||
| Salaries payable | 0 | |||||||||||
| Unearned extension revenue | 7,100 | |||||||||||
| Karoo Ashevak, capital | 237,000 | |||||||||||
| Karoo Ashevak, withdrawals | 96,000 | |||||||||||
| Tuition revenue | 214,640 | |||||||||||
| Extension revenue | 80,500 | |||||||||||
| Depreciation expense, equipment | 0 | |||||||||||
| Depreciation expense, professional library | 0 | |||||||||||
| Salaries expense | 214,000 | |||||||||||
| Insurance expense | 0 | |||||||||||
| Rent expense | 52,000 | |||||||||||
| Teaching supplies expense | 0 | |||||||||||
| Advertising expense | 14,800 | |||||||||||
| Utilities expense | 12,000 | |||||||||||
| Totals | $ | 597,580 | $ | 597,580 | ||||||||
In: Accounting