In 2010, the United Nations claimed that there was a higher rate of illiteracy in men than in women from the country of Qatar. A humanitarian organization went to Qatar to conduct a random sample. The results revealed that 45 out of 234 men and 42 out of 251 women were classified as illiterate on the same measurement test. Do these results indicate that the United Nations' findings were correct?
1. Test an appropriate hypothesis and state your conclusion.
2. Find a 95% confidence interval for the difference in the proportions of illiteracy in men and women from Qatar. Interpret your interval.
In: Statistics and Probability
United Airlines plan to buy 34 airplanes for $120,000,000. Flight operations and ground costs are expected to be $7,000,000 per year and $4,000,000 per year respectively. United expects to sell 300,000 tickets and variable costs are expected to be 20 percent of revenue. With a 14 percent required rate of return, what minimum price per ticket are needed to justify the purchase of the airplanes? (Assume a 20- year life and no salvage value for the airplane at the end of 20 years)(Hint: Income = Rev. - Variable cost-Fixed Cost, find annual revenue).
In: Finance
Payback Period and NPV: Taxes and Straight-Line Depreciation
Assume that United Technologies Corporation is evaluating a proposal to change the company's manual design system to a computer-aided design (CAD) system. The proposed system is expected to save 13,500 design hours per year; an operating cost savings of $55 per hour. The annual cash expenditures of operating the CAD system are estimated to be $300,000. The CAD system requires an initial investment of $750,000. The estimated life of this system is five years with no salvage value. The tax rate is 35 percent, and United Technologies uses straight-line depreciation for tax purposes. United Technologies has a cost of capital of 14 percent.
(a) Compute the annual after-tax cash flows related to the CAD project. $ Answer
(b) Compute each of the following for the project:
1. Payback period. Round your answer to 2 decimal places. Answer years
2. Net present value. (Round answer to the nearest whole number.) $ Answer
In: Accounting
The future in the building toy market held both opportunity and uncertainty, with new threats emerging from increased control over licensing agreements, loss of trademark protection and competition fromTnew and existing sources. It was important for the LEGO management team to
(Question) "identify where to expand current product lines in order to help the company formulate a strategy to ensure that LEGO"
(which country should be the next one to expansion and why)
FYI.
At this moment, there are already 48 countries
In: Operations Management
Buyers determine demand while sellers determine supply. Both laws of supply and demand establish market forces that make economies work to search for their market equilibrium. The impact of COVID-19 is an unprecedented event that affects the global economy. In the article, the overall retail sales dramatically dropped by 34.8%, with jewellery and luxury goods drop of 67% but supermarkets increase of 12%, in the first five months of 2020. However, online-based consumption, like demand for food delivery, online education (Zoom), stay-at-home activities and online grocery shopping surged dramatically since the outbreak of pandemic.
1) Based on your learning in Microeconomics, explain how COVID-19 has a favourable and an adverse impact in today’s situation, with aids of diagram “Market Forces of Supply and Demand” and “Elasticity”.
2) Illustrate with TWO real examples (one favourable and one adverse impact) in the retail industry in Hong Kong or Mainland China or your country to show your understanding and application of supply and demand as well as elasticity.
3) Principle 6 of Economics states, “Markets are usually a good way to organize economic activity”. Hopefully COVID-19 will end some time in the near future. Predict how the retail industry would become in the economy with the aftermath of the pandemic.
In: Economics
Word limit: 800-1000 words
Questions: Buyers determine demand while sellers determine supply. Both laws of supply and demand establish market forces that make economies work to search for their market equilibrium. The impact of COVID-19 is an unprecedented event that affects the global economy. The overall retail sales dramatically dropped by 34.8%, with jewellery and luxury goods drop of 67% but supermarkets increase of 12%, in the first five months of 2020. However, online-based consumption, like demand for food delivery, online education (Zoom), stay-at-home activities and online grocery shopping surged dramatically since the outbreak of pandemic.
1) Based on your learning in Microeconomics, explain how COVID-19 has a favourable and an adverse impact in today’s situation, with aids of diagram “Market Forces of Supply and Demand” and “Elasticity”.
2) Illustrate with TWO real examples (one favourable and one adverse impact) in the retail industry in Hong Kong or Mainland China or your country to show your understanding and application of supply and demand as well as elasticity.
3) Principle 6 of Economics states, “Markets are usually a good way to organize economic activity”. Hopefully COVID-19 will end some time in the near future. Predict how the retail industry would become in the economy with the aftermath of the pandemic.
In: Economics
Partnership Operation
DAVID, RODRIGO and BORJA formed a commercial partnership in May 30, 2020. DAVID invested P150, 000; RODRIGO P180, 000 and BORJA P270, 000. DAVID will be the managing partner. RODRIGO will work in the store half of his time while BORJA will be a silent partner. COMPUTE THE SHARE OF EACH PARTNER UNDER THE FOLLOWING INDEPENDENT CASES.PUT NEGATIVE SIGN (-) IF IT CONSTITUTE LOSS.
Case1: Loss is P429, 000 and the partners have no written partnership agreement.
DAVID: ________________ RODRIGO: _________________ BORJA: ______________
Case 2: Loss is P600, 000. The articles of partnership states that partners DAVID, RODRIGO and BORJA agreed that profits would be shared in the ratio of 40:25:35, respectively. The agreement did not mention the manner of sharing of losses.
DAVID: ________________ RODRIGO: _________________ BORJA: ______________
Case 3: Profit is P920, 000. The first P400, 000 is shared on the basis of salary allowances, with DAVID receiving P280, 000 and RODRIGO receiving P120, 000. The remainder is allocated on the basis of their capital contributions.
DAVID: ________________ RODRIGO: _________________ BORJA: ______________
Case 4: Profit is P1, 800, 000. RODRIGO will receive a bonus of 10% before salaries and interest; a salary of P200, 000 and P100, 000 for RODRIGO and DAVID, respectively. Interest on capital contribution will be provided at 15% for each partner. Any remainder is shared equally.
DAVID: ________________ RODRIGO: _________________ BORJA: ______________
In: Accounting
Creative Sports Design (CSD) manufactures a standard-size racket and an oversize racket. The firm’s rackets are extremely light due to the use of a magnesium-graphite alloy that was invented by the firm’s founder. Each standard-size racket uses 0.125 kilograms of the alloy and each oversize racket uses 0.4 kilograms; over the next two-week production period only 80 kilograms of the alloy are available. Each standard-size racket uses 10 minutes of manufacturing time and each oversize racket uses 12 minutes. The profit contributions are $10 for each standard-size racket and $15 for each oversize racket, and 40 hours of manufacturing time are available each week. Management specified that at least 20% of the total production must be the standard-size racket. How many rackets of each type should CSD manufacture over the next two weeks to maximize the total profit contribution? Assume that because of the unique nature of their products, CSD can sell as many rackets as they can produce.
In: Accounting
Managerial and Cost Accounting concepts: Here we will start to distinguish between Financial Accounting and Managerial Accounting. We will begin to look at manufacturing costs since they lend themselves very well to the new concepts. In Chapter 10 we will also start to classify the costs of a business as direct material, direct labor or manufacturing overhead or period costs.
Discussion Topic: Assume you have just taken a position
as controller for a new company that manufactures and sells wrought
iron wall hangings. Although the founder of the company, who is the
president and CEO, is a great artisan, she has very limited
knowledge of accounting.
Instructions
To help your new boss better understand accounting for a
manufacturing organization, prepare a response to her in which
you:
(1) Identify each of the three manufacturing costs,
(2) Describe/define each of the three manufacturing costs, and
(3) Provide at least one example of each of the three manufacturing costs that might be used in the company you were just hired to work for.
In: Accounting
In: Computer Science