Chapter 12

A researcher tested the number of mistakes made in a simulated driving test administered 15 minutes after subjects in Group C ingested the equivalent of 1.5 ounces of alcohol within 30 minutes and Group B ingested the equivalent of 3.0 ounces of alcohol within 60 minutes. Subjects’ error scores are listed below.

               Group

Control                   3.0 ounces           1.5 ounces

     A                                   B                                 C

     3                                     9                               1

     1                                   10                              0

     5                                   15                              5

     0                                   11                              2

     2                                   12                              3

     0                                   14                              6

     1                                   15                              7

     1                             16                                    8

      2                            14                        4

1. State the statistical hypothesis for this study.
2. At p<.05, state the degrees of freedom and the critical value for this statistical test.
3. Compute the F-ratio
4. Make a decision and state your conclusion in APA format (review page 389 In The Literature).
5. Indicate whether both or only one condition differs from the control group.

Chapter 13

Researchers randomly selected 5 college students and measured average minutes spent working out 8 weeks, 6 weeks, 4 weeks, and 2 weeks before Spring Break. They found the following results:

                                             Weeks

Subjects                 8              6              4              2
    A                             40            42            46            56

    B                             34            33            41            52

    C                             39            40            49            52

   D                             38            39            44            55

    E                              44            46            50            60

1. State the statistical hypothesis for this study.
2. At p<.01, state the degrees of freedom and the critical value for this statistical test.
3. Compute the F-ratio
4. Indicate effect size for this test.
5. Make a decision and state your conclusion in APA format (review page 427 In The Literature).

Andy runs a small pottery firm. in her first year she hired one helper at 12,000 per year, paid annual rent of $5,000 for her shop, and spent $20,000 on material. she has 40,000 of her own funds invested in equipment that could earn her $4,000 per year if alternatively invested. she had been offered $15,000 per year to work as a Potter for a competitor she estimates her entrepreneurial talents are worth $3,000 per year. total annual revenue from pottery sales is $72,000
a) what are her explicit cost?
b) what are her implicit costs?
c) what are her fixed costs?
d) what are her variable costs?

Jimmy is the CEO of News Corp. His son, Johnny, runs Television Inc. One day Jimmy suggests that Johnny sell Television Inc. to News Corp. Jimmy and Johnny work together to radically inflate the value of Television Inc. Jimmy brings a proposal to the Board of Directors to buy Television Inc. for $500 million dollars even though the corporation is only worth $2 million. The board of directors diligently examines the transaction, but due to clever forgeries, the board does not discover the radical inflation of the corporation. Jimmy never discloses his relationship with Johnny. The sale goes through, and it is shortly discovered that Television Inc., is practically worthless.

A shareholder sues alleging that Jimmy violated his fiduciary duty of loyalty.

Additionally, the shareholder claims that the directors violated their fiduciary duties of care.

Is the shareholder correct?

Can you please make sure the answer is 400 words or more and needs to be presented in much detail thank you so much have a good day.

One of Natalie’s friends, Curtis Lesperance, runs a coffee shop where he sells specialty coffees and prepares and sells muffins and cookies. He is eager to buy one of Natalie’s fine European mixers, which would enable him to make larger batches of muffins and cookies. However, Curtis cannot afford to pay for the mixer for at least 30 days. He asks Natalie if she would be willing to sell him the mixer on credit.

Answer the following questions.

1.   “Curtis has provided me with a set of his most recent financial statements. What calculations should I do with the data from these statements, and how will the results help me decide if I should extend credit to Curtis?”

2.   “Is there an alternative other than extending credit to Curtis for 30 days?”

3.   “I am thinking seriously about permitting my customers to use credit cards. What are some of the advantages and disadvantages of letting my customers pay by credit card?”

Jimmy is the CEO of News Corp. His son, Johnny, runs Television Inc. One day Jimmy suggests that Johnny sell Television Inc. to News Corp. Jimmy and Johnny work together to radically inflate the value of Television Inc. Jimmy brings a proposal to the Board of Directors to buy Television Inc. for $500 million dollars even though the corporation is only worth $2 million. The board of directors diligently examines the transaction, but due to clever forgeries, the board does not discover the radical inflation of the corporation. Jimmy never discloses his relationship with Johnny. The sale goes through, and it is shortly discovered that Television Inc., is practically worthless.

A shareholder sues alleging that Jimmy violated his fiduciary duty of loyalty.

Additionally, the shareholder claims that the directors violated their fiduciary duties of care.

Is the shareholder correct?

The requirements below must be met for your paper to be accepted and graded:  

Write between 500 – 750 words (approximately 2 – 3 pages) using Microsoft Word.

Attempt APA style, see example below.

Use font size 12 and 1” margins.

Include cover page and reference page.

At least 60% of your paper must be original content/writing.

No more than 40% of your content/information may come from references.

Use at least two references from outside the course material, preferably from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the two reference requirement.

Aron, a college student, signs a one-year lease agreement that runs from September 1 to August 31. The lease agreement specifies that the lease cannot be assigned without the landlord’s consent. In late May, Aron decides not to go to summer school and assigns the balance of the lease (three months) to a close friend, Erica. The landlord objects to the assignment and denies Erica access to the apartment. Aron claims that Erica is financially sound and should be allowed the full rights and privileges of an assignee. Discuss fully whether the landlord or Aron is correct

PLEASE NOTE THE LAST ANSWER COULD NOT BE UNDERSTOOD

Your ANOVA variable is Depth

Is the mean of your variable (standard length, depth, or horizontal gape) the same for all three of the Bluegill collections?

(i) State the hypotheses the ANOVA is testing. You may refer to Hogan as population #1, Malone as population #2, and Preserved as population #3. (2 pt)

H₀: ________________                                         Ha: ________________

Complete the ANOVA table. Please enter your answer to 3 decimal places (3 pt)

State conclusion: Are the means significantly different for this variable among the three fish collections? (Use α = 0.05.) Please include a sentence on how the means of the three groups compare, if you conclude the differences are significant. (3 pt)

___________________________

1) Professor Wollschlager was rock climbing at Devil’s Tower in Wyoming. After a very successful climb to the top and back down, she was exhausted and slipped in the last 5 feet. When she hit the ground, a small, sharp twig was forced in between 2 vertebrae and was compressing part of her spinal cord on the left side. On her way to the ER, she noticed that she could no longer feel pain or temperature from specific areas AND she could not move some of her appendicular muscles in other areas. Being the professional that she is, she announced, ”Ha! I know what is wrong and which spinal tracts are affected!” The twig was removed and she made a full recovery. Which specific pathways were affected (2 pts)? What general areas (which side, above or below compression) of her body were pain/temperature lost (2 pts)? What general areas (which side, above or below compression) of her body were loss of appendicular muscle movement lost (2 pts)? How do you know where the loss is in each tract (2 pts)? Compare and contrast the two pathways that are affected by the compression (Note: Don’t restate things you already described in other questions above as repeating information doesn’t count) (2 points for one SPECIFIC similarity, 8 pts for four SPECIFIC differences) When comparing and contrasting, be careful not to count one difference as two. For example, if you are comparing two roses, they are similar in that they are roses and they are different in that they are different colors (one is white and the other is red). That is one similarity and one difference. Saying they are both flowers, is far too vague and NOT specific.Also stating that they are different colors, without explaining the color differences isn’t being specific. 2 pts for essay formatting, grammar, spelling.

14. When the federal government runs a budget surplus rather than a deficit, how will the public’s bond holdings and the supply of money be affected?

Howard Rockness was worried. His company, Rockness Bottling, showed declining profits over the past several years despite an increase in revenues. With profits declining and revenues increasing, Rockness knew there must be a problem with costs.

Rockness sent an e-mail to his executive team under the subject heading, “How do we get Rockness Bottling back on track?” Meeting in Rockness’s spacious office, the team began brainstorming solutions to the declining profits problem. Some members of the team wanted to add products. (These were marketing people.) Some wanted to fire the least efficient workers. (These were finance people.) Some wanted to empower the workers. (These people worked in the human resources department.) And some people wanted to install a new computer system. (It should be obvious who these people were.)

Rockness listened patiently. When all participants had made their cases, Rockness said, “We made money when we were a smaller, simpler company. We have grown, added new product lines, and added new products to old product lines. Now we are going downhill. What’s wrong with this picture?”

Rockness continued, “Here, look at this report. This is last month’s report on the cola bottling line. What do you see here?” He handed copies of the following report to the people assembled in his office.

^a Return on sales before considering selling, general and administrative expenses.

Rockness asked, “Do you see any problems here? Should we drop any of these products? Should we reprice any of these products?” The room was silent for a moment, and then everybody started talking at once. Nobody could see any problems based on the data in the report, but they all made suggestions to Rockness ranging from “add another cola product” to “cut costs across the board” to “we need a new computer system so that managers can get this information more quickly.” A not-so-patient Rockness stopped the discussion abruptly and adjourned the meeting.

He then turned to the quietest person in the room—his son, Rocky—and said, “I am suspicious of these cost data, Rocky. Here we are assigning indirect costs to these products using a 260 percent rate. I really wonder whether that rate is accurate for all products. I want you to dig into the indirect cost data, figure out what drives those costs, and see whether you can give me more accurate cost numbers for these products.”

Rocky first learned from production that the process required four activities: (1) setting up production runs, (2) managing production runs, and (3) managing products. The fourth activity did not require labor; it was simply the operation of machinery. Next, he went to the accounting records to get a breakdown of indirect costs. Here is what he found:

Then, he began a series of interviews with department heads to see how to assign these costs to cost pools. He found that 40 percent of indirect labor was for scheduling or for handling production runs, including purchasing, preparing the production run, releasing materials for the production run, and performing a first-time inspection of the run. Another 50 percent of indirect labor was used to set up machinery to produce a particular product. The remaining 10 percent of indirect labor was spent maintaining records for each of the four products, monitoring the supply of raw materials required for each product, and improving the production processes for each product. This 10 percent of indirect labor was assigned to the cost driver “number of products.”

Interviews with people in the information technology department indicated that $46,160 was allocated to the cola bottling line. 80 percent of this $46,160 information technology cost was for scheduling production runs. 20 percent of the cost was for record keeping for each of the four products.

Fringe benefits were 40 percent of labor costs. The rest of the overhead was used to supply machine capacity of 52,300 hours of productive time.

Rocky then found the following cost driver volumes from interviews with production personnel.

• Setups: 1,130 labor-hours for setups.
• Production runs: 585 production runs.
• Number of products: 4 products.
• Machine-hour capacity: 52,300 hours.

Diet cola used 390 setup hours, 230 production runs, and 14,500 machine-hours to produce 145,000 units. Regular cola used 155 setup hours, 125 production runs, and 7,800 machine-hours to produce 78,000 units. Cherry cola used 430 setup hours, 125 production runs, and 2,800 machine-hours to produce 28,000 units. Grape cola used 155 setup hours, 105 production runs,and 1,050 machine-hours to produce 10,500 units. Rocky learned that the production people had a difficult time getting the taste just right for the Cherry and Grape colas, so these products required more time per setup than either the Diet or Regular colas.

Required:

a. Recompute the unit costs for each of the cola products: Diet, Regular, Cherry, and Grape. (Round cost driver rates to 3 decimal places and other intermediate calculations to nearest whole dollar value. Round cost per unit answers to 2 decimal places.)

b. What is the cost of unused capacity?

c. Now assume that Rockness is considering producing a fifth product: Vanilla cola. Because Vanilla cola is in high demand in Rockness Bottling’s market, assume that it would use 26,150 hours of machine time to make 261,500 units. (Recall that the machine capacity in this case is 52,300 hours, while Diet, Regular, Cherry, and Grape consume only 26,150 hours.) Vanilla cola’s per unit costs would be identical to those of Diet cola except for the machine usage costs. What would be the cost of Vanilla cola? Calculate on a per-unit basis, and then in total. (Do not round intermediate calculations. Round "Per unit" to 5 decimal places.)