Questions
Can someone provide guidance for g-i for the following question? Someone already responded to a-f. Age...

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...

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...

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...

  1. 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

  1. Metabolism of alcohol is affected by which of the following factors?

    gender

    diet consumption

    ethnicity

    all of the above

1 points   

QUESTION 3

  1. Drinking while pregnant may lead to fetal alcohol syndrome, which may include:

    small head circumference

    small eye opening and folds at inner corners of eyes

    thin upper lip

    absence of groove between upper lip and base of nose

    short nose

    all of the above are manifestations of fetal alcohol syndrome

1 points   

QUESTION 4

  1. 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?

    1.0%

    0.05%

    0.08%

    0.10%

1 points   

QUESTION 5

  1. Chronic alcohol consumption may increase the risk for ____________

    fatty liver

    cirrhosis of the liver

    cancer of the oral cavity, pharynx and larynx.

    vitamin B1 (thiamine) deficiency

    all of the above are possible results

1 points   

QUESTION 6

  1. 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?

    16-ounce beer (5% ABV)

    5-ounce glass of wine (12% ABV)

    20-ounce wine cooler (7% ABV)

    4-ounce pour of hard liquor (80 proof)

1 points   

QUESTION 7

  1. Potential benefits of alcohol intake may include ____________

    reduces anxiety and stress feeling

    stimulates appetite

    lowers serum LDL and increases serum HDL

    all are possible benefits

1 points   

QUESTION 8

  1. Alcohol poisoning may be manifested in all of the following symptoms/signs, except ________

    confusion, stupor

    vomiting

    seizure

    increased stimulation

In: Nursing

Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these...

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...

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...

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:

  1. The common stock represents 1.0 million shares of no par stock authorized, 610,000 shares issued and outstanding.
  2. The receivables from employees are due on June 30, 2022.
  3. The notes receivable are due in installments of $61,000, payable on each September 30. Interest is payable annually.
  4. Short-term investments consist of securities that the company plans to sell in 2022 and $61,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2022. Long-term investments consist of securities that the company does not plan to sell in the next year.
  5. Deferred revenue represents payments from customer for extended service contracts. Eighty percent of these contracts expire in 2022, the remainder in 2023.
  6. Notes payable consists of two notes, one for $111,000 due on January 15, 2023, and another for $211,000 due on June 30, 2024.


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...

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...

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...

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

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 $ 2,714,400
Estimated total direct labor-hours 113,100 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) $ 791,700 39,100 74,000 113,100
Batch setups (setups) 1,062,000 340 250 590
Product sustaining (number of products) 790,000 1 1 2
Other 70,700 NA NA NA
Total manufacturing overhead cost $ 2,714,400

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