At a certain coffee​ shop, all the customers buy a cup of coffee and some also buy a doughnut. The shop owner believes that the number of cups he sells each day is normally distributed with a mean of 340 cups and a standard deviation of 18 cups. He also believes that the number of doughnuts he sells each day is independent of the coffee sales and is normally distributed with a mean of 180 doughnuts and a standard deviation of 16.

a) The shop is open every day but Sunday. Assuming​ day-to-day sales are​ independent, what's the probability​ he'll sell over 2000 cups of coffee in a​ week?

__________________ ​(Round to three decimal places as​ needed.)

The daily exchange rates for the​ five-year period 2003 to 2008 between currency A and currency B are well modeled by a normal distribution with mean 1.798 in currency A​ (to currency​ B) and standard deviation 0.047 in currency A. Given this​ model, and using the​ 68-95-99.7 rule to approximate the probabilities rather than using technology to find the values more​ precisely, complete parts​ (a) through​ (d).

a) What would the cutoff rate be that would separate the highest 16​% of currency​ A/currency B​ rates?

The cutoff rate would be ______________

​(Type an integer or a decimal rounded to the nearest thousandth as​ needed.)

The daily exchange rates for the​ five-year period 2003 to 2008 between currency A and currency B are well modeled by a normal distribution with mean 1.425 in currency A​ (to currency​ B) and standard deviation 0.026 in currency A. Given this​ model, and using the​ 68-95-99.7 rule to approximate the probabilities rather than using technology to find the values more​ precisely, complete parts​ (a) through​ (d).

​a) What is the probability that on a randomly selected day during this​ period, a unit of currency B was worth less than 1.425 units of currency​ A?

The probability is _____________%

​(Type an integer or a​ decimal.)

Technology Co. manufactures DVDs for computer software and entertainment companies.

TrueTrue

uses job order costing. On

NovemberNovember

​2,

TrueTrue

began production of

5 comma 7005,700

​DVDs, Job​ 423, for

DioramaDiorama

Pictures for

$ 1.40$1.40

sales price per DVD.

TrueTrue

promised to deliver the DVDs to

DioramaDiorama

Pictures by

NovemberNovember

5.

TrueTrue

incurred the following direct​ costs:

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​(Click the icon to view the​ costs.)                                                                        

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​(Click the icon to view additional​ information.)Read the requirements

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.

Requirement 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate​ (round to two decimal​ places); then allocate manufacturing overhead to the job.

Begin by determining the total amount of direct materials and direct labor incurred on the job.​ Next, calculate the predetermined overhead allocation rate and apply manufacturing overhead to the job.​ Lastly, compute the total cost of Job 423 and the cost per DVD.

Requirement 2. Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423. Wages are not yet paid. ​(Record debits​ first, then credits. Exclude explanations from any journal​ entries.)

Start by journalizing the use of direct materials.

​Next, journalize the use of direct labor.

Now journalize the allocation of overhead to Job 423.

Requirement 3. Journalize completion of the job and the sale of the

5 comma 7005,700

DVDs on account. ​(Record debits​ first, then credits. Exclude explanations from any journal​ entries.)

Begin by preparing the entry to show the completion of the job.

​Next, journalize the revenue portion of the sale of Job 423.

​Finally, journalize the cost of goods portion of the sale.

Data Table

(Determining the Operating Model of a Multi-Profile Company) MultiCorp is a diversified, multi-profile company. Essentially, it is a conglomerate company consisting of three diverse strategic units acting as independent businesses under separate brands in different industry sectors: Unit Alpha, Unit Beta and Unit Gamma. MultiCorp is governed from the central head office, which oversights the three subsidiary business units and their financial performance indicators, though without any operational interventions. Each strategic business unit has its own managing director with full discretion and responsibility over its competitive strategy, investment priorities, budget allocation and ensuing yearly profits. Unit Alpha is in the food manufacturing business. The unit produces and distributes a variety of goods including, but not limited to, vegetables, groceries, meat and dairy products. Each of these product lines requires unique production processes, storage arrangements, transportation approaches and underlying equipment and is organizationally implemented by a separate specialized product department. However, these products are delivered largely to the same circle of customers, including both major retailers and local food shops. All product lines are also served by a number of common unit-wide functions, e.g. HR, finance, accounting, logistics, legal, marketing and sales support. Unit Beta competes in the restaurant business. Specifically, the unit controls a chain of small fastfood restaurants occupying the low-cost market niche. In total, the chain includes more than 80 restaurants located in different geographies and more restaurants are planned to be opened in the foreseeable future. All restaurants offer same interiors, menus, prices, meals and services to their customers and imply standardized policies, working procedures and supporting equipment. However, each restaurant is run separately by a chief manager responsible for its overall financial well-being and all necessary business processes, e.g. recruiting, training, procurement, cooking, servicing, cleaning and complaints management. With the exception of Unit Beta’s lean central office, where chain-wide branding, marketing and other strategic decisions are made, the Page | 7 Asia Pacific International College Pty Ltd. Trading as Asia Pacific International College 55 Regent Street, Chippendale, Sydney 2008: 02-9318 8111 PRV12007; CRICOS 03048D Approved: 14/02/2019, Version 1 restaurants operate independently from each other and even have their own profit and loss statements. Finally, Unit Gamma runs a chain of resort hotels. These hotels gravitate towards the high-end price segment and offer premium-quality services to their customers. Unit Gamma’s competitive strategy implies improving its brand recognition and achieving consistent customer experience. For this purpose, the unit’s leadership plans to standardize all customer-facing and, to a lesser extent, backoffice processes across all hotels of the chain as well as all its suppliers and service providers. Moreover, Unit Gamma also intends to become “closer” to its customers and build lifelong customer relationships. This strategy requires collecting more information about customers, their individual preferences and transaction histories, aggregating this information globally and leveraging it for providing customized services, launching loyalty programs, developing special offers and promoting personalized discounts.

Questions

1. What is an operating model of MultiCorp and each of its three strategic business units?

2. What particular business processes are standardized company-wide and within each of its business units?

3. What specific types of data are integrated across the whole company and each of its business units?

4. What is the highest-level structure of the IT landscape in the company and in each of its business units?

Predicting the Amount of Money Spent on Insured Customers

For this assignment, we will be analyzing insured customers' data for an insurance company:

Based on a sample data that consists of the profile of insured customers, we want to be able to predict the dollar amount of money spent by the insurance company on insured customers.

Insured ustomers' Data

The insured customers' data is in a csv file. It has information sconsisting of:

1.age

2.sex (female, male)

3.BMI

4.Children

5.Smoker (yes, no)

6.Region (northeast, northwest, southeast, southwest])

7.expenses

The value we want to predict is expenses

Necessary files are in onedrive:

https://1drv.ms/u/s!Al0FoC_cg4VI3r5Y-ORAr_DjO5etwQ

https://1drv.ms/u/s!Al0FoC_cg4VI3r5X-v6AWSBI2zapLw

Will Brook National Bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekday mornings, arrivals to the drive-up teller window occur at random, with the mean of 2 customers every 5 minutes. Assume that a Poisson probability distribution can be used to describe the arrival process.

a. Compute the probability that exactly 1 customer will arrive in a 5-minute period

b. Compute the probability that exactly 3 customers will arrive in a 5-minute period

c. Compute the probability that 2 or fewer customers will arrive in a 5-minute period

d. Delays are expected if more than 3 customers arrive during any a 5-minute period. What is the probability that delays will occur?

The manager of the customer service division of a major consumer electronics company is interested in determining whether the customers who have purchased a​ Blu-ray player made by the company over the past 12 months are satisfied with their products. What is the population of​ interest?

A.

all the customers who have ever bought a​ Blu-ray player made by the company

B.

all the customers who have bought a​ Blu-ray player made by the company and brought it in for repair over the past 12 months

C.

all the customers who have used a​ Blu-ray player over the past 12 months

D.

all the customers who have bought a​ Blu-ray player made by the company over the past 12 months

The owner of a small deli is trying to decide whether to discontinue selling magazines. He suspects that only 10% of his customers buy a magazine and he thinks that he might be able to use the display space to sell something more profitable. Before making a final decision, he decides that for one day he will keep track of the number of customers that buy a magazine.

(a) Explain why this is a binomial experiment.



(b) Assuming his suspicion that 10% of his customers buy a magazine is correct, what is the probability that exactly 6 out of the first 10 customers buy a magazine? Give your answer as a decimal number rounded to two digits.



(c) What is the expected number of customers from this sample that will buy a magazine?

1. In its first month of operations, Pharoah Company made three purchases of merchandise in the following sequence: (1) 155 units at $10, (2) 560 units at $11, and (3) 135 units at $12.

a. Calculate the average unit cost.

2. In its first month of operations, Wildhorse Co. made three purchases of merchandise in the following sequence: (1) 190 units at $10, (2) 540 units at $11, and (3) 100 units at $12.

a. Calculate the average unit cost.

b. Compute the cost of the ending inventory under the average-cost method, assuming there are 270 units on hand.

3. At December 31, 2019, the following information was available for Pina Colada Corp.: ending inventory $38,250, beginning inventory $58,500, cost of goods sold $273,000, and sales revenue $366,000.

a. Calculate days in inventory for Pina Colada Corp..

Fred Inc. has the following financial results for the years 2019 through 2021 for its three regional divisions:

Required:

Calculate 1) return on sales (ROS)(i.e., Margin), 2) asset turnover (AT), and 3) return on investment (ROI) for each division and also for the firm as a whole for each of the three years 2019, 2020, and 2021 and show all your work.

A company has stores in different countries. The CEO is not sure about the profitability of three stores. The following table includes the revenues and costs of these three stores in the year ended (in euros) :

Should any of the stores be closed as soon as possible? Choose the appropriate decision for each store on the assumption that closing one store will not affect any other stores and total head office costs would not decrease if any of the stores were closed.

1) Paris

close or continue

2) Vienna

close or continue

3) Dublin

close or continue