Sir Francis Galton, in the late 1800s, was the first to introduce the statistical concepts of regression and correlation. He studied the relationships between pairs of variables such as the size of parents and the size of their offspring.
Data similar to that which he studied are given below, with the variable x denoting the height (in centimeters) of a human father and the variable y denoting the height at maturity (in centimeters) of the father's oldest (adult) son. The data are given in tabular form and also displayed in the Figure 1 scatter plot, which gives the least-squares regression line as well. The equation for this line is =y+88.570.52x
.
|
|
Answer the following:
|
||||||||
In: Statistics and Probability
5. Which of the following cost classifications would be the most useful for the managerial decision making purposes such as planning and control?
A. Manufacturing costs vs non manufacturing costs
B. Product costs vs period costs
C. Expired costs vs unexpired costs
D. Variable costs vs fixed costs
12. Limited human capacity to process a given job for a given period, combined with fixed compensation paid periodically, would MOST likely result in a:
A. Mixed cost
B. Step cost
C. Variable cost
D. Fixed cost
13. A disadvantage of the high-low method for cost analysis is:
A. It does not consider all the available observations
B. It cannot be used when there are a large number of observations
C. It is too time consuming to apply
D. It relies totally on the judgement of the person performing the cost analysis
15. Costs incurred to make products can be capitalized (inventoried) in asset accounts in the balance sheet until the products are actually sold. Which of the following accounting concepts or principles justifies the use of this deferral accounting procedure?
A. Historical cost principle
B. Matching principle
C. Going-concern principle
D. Accrual-basis accounting
23. Which of the following can NOT be regarded as the criticism for the "actual costing" (i.e. using an actual overhead rate instead of a predetermined overhead rate)"?
A. It does not have any overhead variance at the end of each period
B. It does not allow timely reporting or assignment of costs for specific jobs or products
C. It may not provide stable overhead rates if the market and production conditions change frequently
D. Identical products may be assigned different amounts of overhead costs if they are produced in different periods of time
In: Accounting
The adjusted trial balance of Sarasota Wholesale Inc. contained
the following accounts at December 31, the company’s year
end:
| Sarasota Wholesale INC. Adjusted Trial Balance December 31, 2021 |
|||||
| Debit | Credit | ||||
| Cash | $11,200 | ||||
| Accounts receivable | 20,600 | ||||
| Prepaid insurance | 2,600 | ||||
| Inventory | 103,800 | ||||
| Supplies | 6,700 | ||||
| Land | 129,300 | ||||
| Buildings | 217,000 | ||||
| Accumulated depreciation—buildings | $92,900 | ||||
| Equipment | 95,500 | ||||
| Accumulated depreciation—equipment | 34,400 | ||||
| Accounts payable | 60,600 | ||||
| Deferred revenue | 10,400 | ||||
| Refund liability | 5,200 | ||||
| Income tax payable | 3,300 | ||||
| Bank loan payable | 98,600 | ||||
| Common shares | 55,000 | ||||
| Retained earnings | 106,740 | ||||
| Sales | 1,092,900 | ||||
| Cost of goods sold | 813,400 | ||||
| Administrative expenses | 89,300 | ||||
| Selling expenses | 41,800 | ||||
| Interest expense | 12,700 | ||||
| Interest income | 2,200 | ||||
| Income tax expense | 18,500 | ||||
| $1,562,400 | $1,562,240 | ||||
Calculate the profit margin and gross profit margin.
(Round all amounts to 1 decimal place, e.g.
5.2%.)
Gross profit margin 25.6
profit margin 11%
| I need / | |||
| $ | |||
The vice-president of marketing and director of human resources
have proposed that the company change its compensation of the sales
force to a commission basis rather than paying a fixed salary.
Given the extra incentive, they expect sales to increase by 15%.
They estimate that gross profit will increase by $27,000, operating
expenses by $13,500, and income tax expense by $2,700.
Non-operating expense is not expected to change. Calculate the
expected new gross profit and net income amounts. (Hint:
You do not need to prepare a formal statement of income.)
Find Expected new gross profit and Expected net income amount
In: Accounting
Because of the high cost of hiring and training new employees, employers would like to ensure that they retain highly qualified workers. To help develop a hiring program, the human resources manager of a large company wanted to compare how long business and non-business university graduates worked for the company before quitting to accept a position elsewhere. The manager selected a random sample of 25 business and 20 nonbusiness graduates who had been hired 5 years ago. The number of months each employee 3 had worked for the company was recorded. (Those who had not quit were recorded as having worked for 60 months.) Is the average duration of employment the same for business and non-business graduates before quitting to accept a position elsewhere?
a) Are the samples independent? What is the appropriate parametric test here? Draw the histograms of duration of employment for business and non-business graduates and comment on the justification of using/not using a parametric test here to address the question of interest.
b) Use an appropriate non-parametric test to compare the average duration of employment of business and non-business graduates at 5% level of significance. Make sure you follow all the steps for hypothesis testing indicated in the Instructions section and show your computations.
| Business | Non-Bus |
| 60 | 25 |
| 11 | 60 |
| 18 | 22 |
| 19 | 24 |
| 5 | 23 |
| 25 | 36 |
| 60 | 39 |
| 7 | 15 |
| 8 | 35 |
| 17 | 16 |
| 37 | 28 |
| 4 | 9 |
| 8 | 60 |
| 28 | 29 |
| 27 | 16 |
| 11 | 22 |
| 60 | 60 |
| 25 | 17 |
| 5 | 60 |
| 13 | 32 |
| 22 | |
| 11 | |
| 17 | |
| 9 | |
| 4 |
In: Statistics and Probability
Fair and adequate compensation is critical for attracting the most qualified employees and retaining and motivating staff. When determining compensation, consideration should be given to fair and equitable compensation among all workers in the same company (internal equity) and fair and equitable compensation relative to the external market (external equity).
Consider the following scenario:
You have two medical assistants (MAs) who earn $15 per hour at your medical practice. When you hire a new MA, you discover that the current market pays $16 per hour for medical assistants.
Respond to the following discussion points in relation to equity conflicts and compensation:
Performance evaluations can be stressful for both employers and employees. Nevertheless, performance appraisals have a number of benefits for both employers and staff.
Respond to the following questions in relation to performance evaluation:
HR departments play an essential role in developing an agency's staffing strategy and handling employee-centered activities of an organization. The presence of an HR department, however, does not absolve individual managers within the agency of human resources responsibilities.
Respond to the following questions in relation to HR issues:
In: Nursing
8-The _________ form the surface of an atom and participate in forming covalent bonds.
a. neutrons and electrons
b. protons
c. neutrons
d. protons and neutrons
e. electrons
10-Failure of cell cycle check points can cause ________.
a. Increased chance of cancer
b. Increased mutation rates
c. Benign tumors
d. All of these
e. Unregulated cell division
11-Which is the lowest level of biological organization that shows the emergent property we consider “life”?
a. Population
b. Cell
c. Community
d. Molecule
e. Organism
14-Why are sweating and other body-cooling mechanisms necessary during vigorous exercise?
a. A byproduct of respiration is heat
b. About twice as much energy is released as heat than is made into ATP units
c. The human body overheats at about 100 degrees Farenheight.
d. So much heat is released by cellular respiration during exercise that the body is in danger of overheating.
e. Muscle movement causes friction
17-A measurement included in the outcome of an experiment is called an ________.
a. independent variable
b. Control
c. dependent Variable
d. Hypothesis
e. Experiment
21Dissolving NaOH in neutral water causes a dramatic change in pH because of __________.
a. the increase in OH- concentration
b. the decrease in OH- concentration
c. the increase in H+ concentration
d. the increase in Na+ concentration
23-What type of junction is associated with attaching adjacent cells to form tissues?
a. Gap junction
b. Petticoat junction
c. Anchoring junction
d. Tight junction
24-The genetic material is made of ___________.
a. carbohydrate
b. protein
c. lipid
d. nucleic acid
In: Biology
Research Problem 1. Wonderful Wilderness, Inc., is a tax-exempt organization. Its mission is to “explore, enjoy, and protect the wild places of the earth; practice and promote the responsible use of the earth’s ecosystems and resources; educate and enlist humanity to protect and restore the quality of the natural and human environment; and use all lawful means to carry out these objectives.” Lloyd Morgan, the chief financial officer, presents you with the following information. Wonderful Wilderness raises funds to support its mission in a variety of ways, including contributions and membership fees. As part of this effort, Wonderful Wilderness develops and maintains mailing lists of its members, donors, catalog purchasers, and other supporters. Wonderful Wilderness holds exclusive ownership rights to its mailing lists. To ac- quire the names of additional prospective members and supporters, Wonderful Wilderness occasionally exchanges membership lists with other organizations. In addition, Wonderful Wilderness permits other tax-exempt organizations and commercial entities to pay a fee, as set forth in a fee schedule, to use its mailing lists on a one-time basis per transaction. Morgan is aware that the Federal income tax law applies a UBIT. He is also aware of the § 512(b)(2) provision that excludes royalties from the UBIT. An IRS agent has raised the issue that the revenue from the use of the mailing lists by other entities may be taxable as unrelated business income. Morgan wants you to research this issue for him. Write a letter to Morgan that contains your findings, and prepare a memo for the tax research files. Wonderful Wilderness’s address is 100 Wilderness Way, Pocatello, ID 83209.
In: Accounting
I need to respond to this forum post in 150 words
. Traditional Hmong birth practices were absolutely mind-blowing to me. I cannot imagine the birthing process happening in that manner. People preferences are peoples preferences but it still is amazing to me that women give birth at home here. With the list of things that could go wrong during child birth in such a short amount of time it is crazy to think home births are becoming to popular. When the book stated that she was completely alone during the process and her husband was only allowed to bring her a glass of water while making sure not to look at her, I was in shock. Along with the fact that she was to give birth in silence.
2. Lia's birth was what we as Americans would label as "normal". Aside from the fact that it was a C-Section, but is still much more common these days than what traditional Hmong practices were. In a sterile room with nurses and personal, and APGAR scores and newborn weights. All things that seemed foreign to the mom.
3. Hmong birth practices are very very traditional. It seems dangerous and almost like women should be ashamed of the birthing process. Although that is probably just the way it was done years before and they continue to do the same as their own family members. In America the birthing process is supportive and safe. With people making sure all things go naturally giving you as little or as much aide as you wish during the process.
4. It gave me respect for the women in that culture in that time period. It also made me a bit angry at the way women were taught to hide the most amazing thing the human body can possibly do.
In: Nursing
A complex, multi-system disease process is defined as a condition or disorder that either affects the whole body or involves multiple organs. Your textbook uses diabetes as an example of a complex, multi-system disease process; while fundamentally a disease of dysfunctional glucose regulation, it affects nearly every system in the body and leads to altered elimination, altered perfusion, and so on.
You may select any complex, multi-system disease process that interests you except diabetes--the text has covered this disease in great detail. Some examples of disease process which may be explored include chronic kidney disease, systemic lupus erythematosus, Sjögren's syndrome, or vasculitis. There are, of course, many other diseases which would be appropriate to explore as nearly every disease process in the human body affects more than one physiologic system. If you have concerns about the appropriateness of your selected disease process, please contact the instructor early in the process of your project to review. The essay should include four major sections.
1. First, you should describe the altered physiology that leads to the disease state you have chosen. This may include more than one specific alteration.
2. Second, you should describe the clinical manifestations present in the disease, and explain why these manifestations present using pathophysiologic concepts to form your explanation.
3. Third, you should explain how the physiologic alteration causes multi-system alterations in function.
4. Finally, you should describe the treatment modalities used to restore normal function and give a simple explanation as to how the normal function is restored. Your must follow APA format with appropriate citations.
In: Nursing
In a hypothetical island that is 5,000 miles away from humanity and includes no frictions in the market other than human nature, there are many shipping companies going back and forth that carry goods produced in the island to the world outside the island. There is also a dock to load these goods to the ships. The shipping industry is perfectly competitive.
In the island, there is a cement factory. The price per unit of cement at the door of the factory is $200 and the world price of same cement per unit is $350. But cement should be carried to the dock to be loaded in the ships. There are two means for transporting cement to the dock: i) a pipeline that pumps the cement to the dock (Company P) and ii) truck companies. There are many truck companies in the island and this industry is also perfectly competitive. Both the pipeline and the truck companies have identical services both in terms of price, speed, and amount carried each time. Truck companies can carry any item produced in the island, but the pipeline can only carry cement.
10 years ago, Company C and Company P signed a contract that set the price per unit of cement carried through the pipeline as $25 (10 years from that date, which is today, the price per unit of cement carried is also $25 for truck companies). This contact will expire tomorrow at 8 am and the companies met to negotiate the new terms of the contract.
1. What should be the new price for this new contract, if the two companies can agree on it? Why? Explain your rationale behind this prediction.
2. What can Company P do to maximize its benefits or survive? (Hint: since this is a hypothetical world, the capital markets are efficient)
Will rate for correct answers! :)
In: Economics