Can someone provide guidance for g-i for the following question? Someone already responded to a-f. Age (years) Amount of Activity (hours) 7 4.3 9 3.2 10 1.0 13 1.5 12 1.2 15 0.8 9 3.0 12 4.0 15 1.5 14 1.9
A psychologist believed that as children get older, they engage in more “inactive activities” such as playing computer games, watching TV and surfing the internet. She collected data from 10 children. She recorded the age of each child and the amount of activity (in hours) the child engaged in per week. The table below gives the data for this hypothetical study (it is also available in activity.txt).
a. Using R, obtain a scatterplot of the data. Discuss the relationship between age and activity based on the scatterplot.
b. Using R, obtain the simple linear regression linear regression line predicting activity from age.
c. Interpret the intercept and slope of the regression line
d. By hand, predict the amount of activity for age = 14
e. By hand, calculate the residual for age = 14
f. Using R output, test the null hypothesis that the slope coefficient is zero using the p-value approach. Write one sentence interpreting the meaning of this result. Make sure to report the test statistic and p-value.
g. Using R, obtain and report the 95% CI for the slope coefficient. Explain how we can use it to make a decision about the null hypothesis from part (f).
h. Using R output, test the null hypothesis that the population coefficient of determination is zero using the p-value approach, and write one sentence interpreting your result. Make sure to report the test statistic and p-value.
i. How do the test statistics in (f) and (h) mathematically relate to each other?
In: Statistics and Probability
Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:
| Xtreme | Pathfinder | |||||
| Selling price per unit | $ | 120.00 | $ | 90.00 | ||
| Direct materials per unit | $ | 64.10 | $ | 53.00 | ||
| Direct labor per unit | $ | 13.50 | $ | 9.00 | ||
| Direct labor-hours per unit | 1.5 | DLHs | 1.0 | DLHs | ||
| Estimated annual production and sales | 30,000 | units | 70,000 | units | ||
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
| Estimated total manufacturing overhead | $ | 2,300,000 | ||
| Estimated total direct labor-hours | 115,000 | DLHs | ||
Required:
1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system.
2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs):
| Estimated Overhead Cost |
Expected Activity | |||||
| Activities and Activity Measures | Xtreme | Pathfinder | Total | |||
| Supporting direct labor (direct labor-hours) | $ | 977,500 | 45,000 | 70,000 | 115,000 | |
| Batch setups (setups) | 612,000 | 300 | 210 | 510 | ||
| Product sustaining (number of products) | 700,000 | 1 | 1 | 2 | ||
| Other | 10,500 | NA | NA | NA | ||
| Total manufacturing overhead cost | $ | 2,300,000 | ||||
Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.
In: Accounting
5. The public debt - ownership
The following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2001 and June 2010. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars.
| GDP | Total National Debt | Debt Held by |
Debt Held Outside Fed. Govt. and Fed. Reserve |
||
|---|---|---|---|---|---|
| (Trillions of Dollars) | (Trillions of Dollars) | U.S. Government Agencies | Foreign Ownership | U.S. Ownership | |
| (Trillions of Dollars) | (Trillions of Dollars) | (Trillions of Dollars) | |||
| June 2001 | 10.1 | 5.7 | 3.0 | 1.0 | 1.7 |
| June 2010 | 14.5 | 13.2 | 4.6 | 4.0 | 4.6 |
Source: “U.S. Treasury, Bureau of Economic Analysis.”
The net national debt is the portion of the national debt held outside the federal government (government agencies and the Federal Reserve System). In June 2001, the net national debt as a percentage of total national debt was "50.3" "47.4" "50.8" "55.1" %?
In June 2001, the percentage of the U.S. national debt held by foreigners was "17.5" "18.9" " 18.0" "19.6" %?
The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power of Americans. Between 2001 and 2010, the fraction of the national debt held by foreigners "Decreased" or "Increased"
The absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative measures of the national debt. One possible relative measure of the national debt is the net national debt as a percentage of GDP. In 2001, the net national debt was "26.7" "44.9" "49.7" "49.2" % of GDP. Between 2001 and 2010, the net national debt as a percentage of GDP "Increased" or "Decreased"
In: Economics
While alcohol does not require to be digested, it can get absorbed through stomach (20%) and small intestine (80%)
True
False
1 points
QUESTION 2
Metabolism of alcohol is affected by which of the following factors?
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gender |
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diet consumption |
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ethnicity |
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all of the above |
1 points
QUESTION 3
Drinking while pregnant may lead to fetal alcohol syndrome, which may include:
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small head circumference |
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small eye opening and folds at inner corners of eyes |
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thin upper lip |
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absence of groove between upper lip and base of nose |
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short nose |
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all of the above are manifestations of fetal alcohol syndrome |
1 points
QUESTION 4
Driving under influence (DUI) is illegal and is a leading cause of car accidents. What blood alcohol concentration denotes legal intoxication in the USA and Canada?
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1.0% |
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0.05% |
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0.08% |
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0.10% |
1 points
QUESTION 5
Chronic alcohol consumption may increase the risk for ____________
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fatty liver |
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cirrhosis of the liver |
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cancer of the oral cavity, pharynx and larynx. |
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vitamin B1 (thiamine) deficiency |
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all of the above are possible results |
1 points
QUESTION 6
A standard drink is defined as the amount that provides approximately 14 g of alcohol. Which of the following is considered a standard-size drink?
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16-ounce beer (5% ABV) |
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5-ounce glass of wine (12% ABV) |
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20-ounce wine cooler (7% ABV) |
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4-ounce pour of hard liquor (80 proof) |
1 points
QUESTION 7
Potential benefits of alcohol intake may include ____________
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reduces anxiety and stress feeling |
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stimulates appetite |
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lowers serum LDL and increases serum HDL |
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all are possible benefits |
1 points
QUESTION 8
Alcohol poisoning may be manifested in all of the following symptoms/signs, except ________
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confusion, stupor |
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vomiting |
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seizure |
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increased stimulation |
In: Nursing
Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:
| Xtreme | Pathfinder | |||||
| Selling price per unit | $ | 121.00 | $ | 86.00 | ||
| Direct materials per unit | $ | 65.30 | $ | 52.00 | ||
| Direct labor per unit | $ | 13.50 | $ | 9.00 | ||
| Direct labor-hours per unit | 1.5 | DLHs | 1.0 | DLHs | ||
| Estimated annual production and sales | 31,000 | units | 65,000 | units | ||
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
| Estimated total manufacturing overhead | $ | 2,230,000 | ||
| Estimated total direct labor-hours | 111,500 | DLHs | ||
Required:
1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system.
2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs):
| Estimated Overhead Cost |
Expected Activity | |||||
| Activities and Activity Measures | Xtreme | Pathfinder | Total | |||
| Supporting direct labor (direct labor-hours) | $ | 724,750 | 46,500 | 65,000 | 111,500 | |
| Batch setups (setups) | 975,000 | 420 | 330 | 750 | ||
| Product sustaining (number of products) | 470,000 | 1 | 1 | 2 | ||
| Other | 60,250 | NA | NA | NA | ||
| Total manufacturing overhead cost | $ | 2,230,000 | ||||
Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.
In: Accounting
Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:
| Xtreme | Pathfinder | |||||
| Selling price per unit | $ | 120.00 | $ | 87.00 | ||
| Direct materials per unit | $ | 65.20 | $ | 51.00 | ||
| Direct labor per unit | $ | 11.20 | $ | 8.00 | ||
| Direct labor-hours per unit | 1.4 | DLHs | 1.0 | DLHs | ||
| Estimated annual production and sales | 30,000 | units | 65,000 | units | ||
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
| Estimated total manufacturing overhead | $ | 2,033,000 | ||
| Estimated total direct labor-hours | 107,000 | DLHs | ||
Required:
1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system.
2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs):
| Estimated Overhead Cost |
Expected Activity | |||||
| Activities and Activity Measures | Xtreme | Pathfinder | Total | |||
| Supporting direct labor (direct labor-hours) | $ | 631,300 | 42,000 | 65,000 | 107,000 | |
| Batch setups (setups) | 876,000 | 410 | 320 | 730 | ||
| Product sustaining (number of products) | 460,000 | 1 | 1 | 2 | ||
| Other | 65,700 | NA | NA | NA | ||
| Total manufacturing overhead cost | $ | 2,033,000 | ||||
Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.
In: Accounting
The following is the ending balances of accounts at December 31,
2021, for the Vosburgh Electronics Corporation.
| Account Title | Debits | Credits | ||||
| Cash | 89,000 | |||||
| Short-term investments | 204,000 | |||||
| Accounts receivable | 145,000 | |||||
| Long-term investments | 46,000 | |||||
| Inventory | 226,000 | |||||
| Receivables from employees | 51,000 | |||||
| Prepaid expenses (for 2022) | 27,000 | |||||
| Land | 291,000 | |||||
| Building | 1,660,000 | |||||
| Equipment | 648,000 | |||||
| Patent (net) | 163,000 | |||||
| Franchise (net) | 51,000 | |||||
| Notes receivable | 305,000 | |||||
| Interest receivable | 23,000 | |||||
| Accumulated depreciation—building | 631,000 | |||||
| Accumulated depreciation—equipment | 221,000 | |||||
| Accounts payable | 200,000 | |||||
| Dividends payable (payable on 1/16/2022) | 21,000 | |||||
| Interest payable | 27,000 | |||||
| Income Taxes payable | 51,000 | |||||
| Deferred revenue | 71,000 | |||||
| Notes payable | 322,000 | |||||
| Allowance for uncollectible accounts | 19,000 | |||||
| Common stock | 2,044,000 | |||||
| Retained earnings | 322,000 | |||||
| Totals | 3,929,000 | 3,929,000 | ||||
Additional information:
Required:
Prepare a classified balance sheet for Vosburgh at December 31,
2021. (Amounts to be deducted should be indicated by a
minus sign.)
In: Accounting
Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below: Xtreme Pathfinder Selling price per unit $ 138.00 $ 90.00 Direct materials per unit $ 64.40 $ 51.00 Direct labor per unit $ 13.50 $ 9.00 Direct labor-hours per unit 1.5 DLHs 1.0 DLHs Estimated annual production and sales 22,000 units 73,000 units The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhead $ 2,438,000 Estimated total direct labor-hours 106,000 DLHs Required: 1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs): Estimated Overhead Cost Expected Activity Activities and Activity Measures Xtreme Pathfinder Total Supporting direct labor (direct labor-hours) $ 646,600 33,000 73,000 106,000 Batch setups (setups) 969,000 330 240 570 Product sustaining (number of products) 780,000 1 1 2 Other 42,400 NA NA NA Total manufacturing overhead cost $ 2,438,000 Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.
(ONLY DO PART 3)
In: Accounting
Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:
| Xtreme | Pathfinder | |||||
| Selling price per unit | $ | 121.00 | $ | 88.00 | ||
| Direct materials per unit | $ | 64.70 | $ | 54.00 | ||
| Direct labor per unit | $ | 10.80 | $ | 9.00 | ||
| Direct labor-hours per unit | 1.2 | DLHs | 1.0 | DLHs | ||
| Estimated annual production and sales | 25,000 | units | 71,000 | units | ||
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
| Estimated total manufacturing overhead | $ | 2,020,000 | ||
| Estimated total direct labor-hours | 101,000 | DLHs | ||
Required:
1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system.
2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs):
| Estimated Overhead Cost |
Expected Activity | |||||
| Activities and Activity Measures | Xtreme | Pathfinder | Total | |||
| Supporting direct labor (direct labor-hours) | $ | 606,000 | 30,000 | 71,000 | 101,000 | |
| Batch setups (setups) | 693,000 | 360 | 270 | 630 | ||
| Product sustaining (number of products) | 700,000 | 1 | 1 | 2 | ||
| Other | 21,000 | NA | NA | NA | ||
| Total manufacturing overhead cost | $ | 2,020,000 | ||||
Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.
In: Accounting
Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:
| Xtreme | Pathfinder | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Selling price per unit | $ | 141.00 | $ | 91.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Direct materials per unit | $ | 64.50 | $ | 52.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Direct labor per unit | $ | 17.00 | $ | 10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Direct labor-hours per unit | 1.7 | DLHs | 1.0 | DLHs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Estimated annual production and sales | 23,000 | units | 74,000 | units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
Required: 1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs):
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In: Accounting