Questions
Mr. Allan is recently transferred to claim settlement department of Karma Insurance, the South Bend Branch....

Mr. Allan is recently transferred to claim settlement department of Karma Insurance, the South Bend Branch. He has worked in the head office for 5 years and was considered as a task manager. He decided to enforce a strict discipline at the branch level. According to him, there is no standard set for any working. Employees come late, they don't complete their work on time, customers have to wait for long and unnecessary delays which are made on account of paper formations at the time of claim settlement. Mr. Allan decided to discuss these matters with the regional HR manager and came up with the idea that a new performance appraisal method should be applied which will solve the problems at all branch levels.

Which methods from the chapter should Mr. Allan suggest to the HR manager for appraisal and why?

How can Mr. Allan evaluate the effectiveness of a new system selected?

In: Operations Management

Sub-Saharan region of Africa to encompass a total of forty-seven countries. Many of these countries south...

Sub-Saharan region of Africa to encompass a total of forty-seven countries. Many of these countries south of the Sahara have been in state failure, either partial or complete collapse of state authority. This has led to an inability to provide for economic development and a source of security. These failed states have governments with little political authority or ability to impose the rule of law, and are usually associated with widespread crime, conflict, or devastating humanitarian crises. Africa's problems are myriad and intricate; the rulers in Sub-Saharan Africa have struggled to develop autonomous and cohesive states during the post colonial era giving rise to the fact that almost half of the world’s failing states are located here. Discuss the validity of these statements.

In: Economics

Many regions in North and South Carolina and Georgia have experienced rapid population growth over the...

Many regions in North and South Carolina and Georgia have experienced rapid population growth over the last 10 years. It is expected that the growth will continue over the next 10 years. This has motivated many of the large grocery store chains to build new stores in the region. The Kelley’s Super Grocery Stores Inc. chain is no exception. The director of planning for Kelley’s Super Grocery Stores wants to study adding more stores in this region. He believes there are two main factors that indicate the amount families spend on groceries. The first is their income and the other is the number of people in the family. The director gathered the following sample information.

Family Food Income Size
1 $ 4.24 $ 73.98 2
2 4.08 54.90 2
3 5.76 59.43 4
4 3.48 52.02 1
5 4.20 65.70 2
6 4.80 53.64 4
7 4.32 79.74 3
8 5.04 68.58 4
9 6.12 165.60 5
10 3.24 64.80 1
11 4.80 138.42 3
12 3.24 125.82 1
13 6.37 77.58 7
14 5.51 170.74 7
15 6.60 126.42 6
16 5.40 141.30 3
17 6.00 36.90 5
18 5.40 56.88 4
19 3.36 71.82 1
20 4.68 69.48 3
21 4.32 54.36 2
22 5.52 87.66 5
23 4.56 38.16 3
24 5.40 43.74 7
25 7.10 37.46 6

Food and income are reported in thousands of dollars per year, and the variable size refers to the number of people in the household.

a-1. Develop a correlation matrix. (Round your answers to 3 decimal places. Negative amounts should be indicated by a minus sign.)

Food Income
Income
Size

b-1. Determine the regression equation. (Round your answer to 3 decimal places.)

The regression equation is: Food = + Income + size

b-2. How much does an additional family member add to the amount spent on food? (Round your answer to the nearest dollar amount.)

Another member of the family adds to the food bill.

c-1. What is the value of R2? (Round your answer to 3 decimal places.)

R2

c-2. Complete the ANOVA (Leave no cells blank - be certain to enter "0" wherever required. Round SS, MSto 4 decimal places and F to 2 decimal places.)

Source DF SS MS F p-value
Regression
Error
Total

c-3. State the decision rule for 0.05 significance level. H0: = ?1 = ?2 = 0; H1: Not all ?i's = 0. (Round your answer to 2 decimal places.)

H0 is rejected if F >

d-1. Complete the table given below. (Leave no cells blank - be certain to enter "0" wherever required. Round Coefficient, SE Coefficient, P to 4 decimal places and T to 2 decimal places.)c-4. Can we reject H0: = ?1 = ?2 = 0?

Predictor Coefficient SE Coefficient t p-value
Constant
Income
Size

d-2. Would you consider deleting either of the independent variables?

There is to delete a variable.

In: Statistics and Probability

West Hills Village (WHV) in Rapid City, South Dakota is evaluating a guideline lease agreement on...

West Hills Village (WHV) in Rapid City, South Dakota is evaluating a guideline lease agreement on laundry equipment that costs $250,000 and falls into the MACRS three-year class. The home can borrow at an 8 percent rate on a four-year loan if WHV decided to borrow and buy rather than lease. The laundry equipment has a four-year economic life, and its estimated residual value is $50,000 at the end of Year 4. If WHV buys the equipment, it would purchase a maintenance contract which costs $5,000 per year, payable at the beginning of each year. The lease terms, which include maintenance, call for a $71,000 lease payment at the beginning of each year. WNV's tax rate is 40 percent. Should the home lease or buy?

Please show how to do this in excel

In: Finance

Many regions in North and South Carolina and Georgia have experienced rapid population growth over the...

Many regions in North and South Carolina and Georgia have experienced rapid population growth over the last 10 years. It is expected that the growth will continue over the next 10 years. This has motivated many of the large grocery store chains to build new stores in the region. The Kelley’s Super Grocery Stores Inc. chain is no exception. The director of planning for Kelley’s Super Grocery Stores wants to study adding more stores in this region. He believes there are two main factors that indicate the amount families spend on groceries. The first is their income and the other is the number of people in the family. The director gathered the following sample information.

Family Food Income Size
1 $ 4.14 $ 73.98 4
2 4.08 54.90 2
3 5.76 138.86 4
4 3.48 52.02 1
5 4.20 65.70 2
6 4.80 53.64 4
7 4.32 79.74 3
8 5.04 68.58 4
9 6.12 165.60 5
10 3.24 64.80 1
11 4.80 138.42 3
12 3.24 125.82 1
13 7.17 77.58 7
14 5.94 146.51 6
15 6.60 162.69 8
16 5.40 141.30 3
17 6.00 36.90 5
18 5.40 56.88 4
19 3.36 71.82 1
20 4.68 69.48 3
21 4.32 54.36 2
22 5.52 87.66 5
23 4.56 38.16 3
24 5.40 43.74 7
25 6.71 59.83 5

Complete the ANOVA (Leave no cells blank - be certain to enter "0" wherever required. Round SS, MSto 4 decimal places and F to 2 decimal places.)

Source DF SS MS F p-value
Regression
Error
Total

State the decision rule for 0.05 significance level. H0: = β1 = β2 = 0; H1: Not all βi's = 0

Complete the table given below. (Leave no cells blank - be certain to enter "0" wherever required. Round Coefficient, SE Coefficient, P to 4 decimal places and T to 2 decimal places.)

Predictor Coefficient SE Coefficient t p-value
Constant
Income
Size

In: Statistics and Probability

Go Party Ltd (GPL) is a successful New Zealand catering company, operating in South Island. It...

Go Party Ltd (GPL) is a successful New Zealand catering company, operating in South Island. It has a balance date of 30 June. During the preparation of the 30 June 2020 financial statements, the following two issues have come into the light. The details of these issues are as follows:

(a) After a wedding party held by a customer in January 2020, 60 people became seriously ill, possibly as a result of food poisoning from food served by GPL. Legal proceedings were commenced seeking damages from GPL. The company lawyers advised that owing to developments in the case, and it was probable that the company would be found liable and the estimated damages were $85,000 that would be material to the company’s reported profits.

(b) On 15 February 2020, the Department of Occupational Health and Safety undertook an audit against the complaints regards to the company’s unsafe storage practices. If found to be negligent by the court, the company will have to pay a fine and incur cleaning costs. At the end of the financial year, the outcome of the audit is unknown. The company directors are of the opinion that there is a 50% chance that Go Party Ltd will be found negligent.

Required: Determine how GPL should treat the above two issues in its financial statements for the year ended 30 June 2020. Include in your answer the criteria as per NZ IAS 37, necessary journal entries (if required) or any disclosure note/s required.

In: Accounting

police car is traveling south towards the intersection that a robber’s car has just crossed traveling...

  1. police car is traveling south towards the intersection that a robber’s car has just crossed traveling east. The robber’s car is currently traveling 55 mph. The police car’s speed is currently 63 mph. How is the distance between the cars changing when the cop is 1.2 miles from the intersection, and the robber is .5 miles from it? Be sure to answer in a complete sentence.

2. In calm water, an oil spill spreads out in a circular fashion. Suppose the radius, r, of the spill is increasing by 3 feet per minute. How fast is the area, A, of the spill growing when the radius is 10 feet? Be sure to answer in a complete sentence.

3. We want to construct a box whose base is length is 5 times the width.  The material used to build the top and bottom cost $9 per sq. ft. and the material used to build the sides cost $7 per sq. ft.  If the box must have a volume of 75 cu. ft., determine the dimensions that will minimize the cost to build the box.

In: Advanced Math

Motion in two dimensions. A plane is flying due south at 560 km/h. A wind blows...

  1. Motion in two dimensions.
    1. A plane is flying due south at 560 km/h. A wind blows the plane from east to west at 95 km/hr (yikes!) Find the plane’s velocity with respect to the ground.
    2. A projectile is shot from the edge of a cliff 258 m above ground level with an initial speed of 95.0 m/s at an angle of 22 degrees with the vertical. Find the time taken by the projectile to hit the ground.
    3. Now find the distance away from the base of the cliff the projectile will hit
    4. Then find the horizontal and vertical components of its velocity just before it hits the ground
    5. Next find, the overall velocity and the angle of the velocity vector with the horizontal
    6. Finally, calculate the maximum height above the cliff top the projectile reaches.
    7. Could the projectile travel any farther? Defend your answer.
    8. BONUS: A boat is moving through still water at a speed of 1.75 m/s. The engine propels the boat perpendicular to the banks. However, there is a strong current of 5.63 m/s that also impacts the boat, and a person is walking aft on the deck of the boat (towards the rear) at a speed of 0.80 m/s. What is the person’s velocity relative to the bank (include an angle)? If the river is 20 m wide, and the boat is 4 m long, will the person reach the back before the boat makes it to shore? How far downstream will the boat drift before it makes it across?

In: Physics

Durban Metal Products, Ltd., of the Republic of South Africa makes specialty metal parts used in...

Durban Metal Products, Ltd., of the Republic of South Africa makes specialty metal parts used in applications ranging from the cutting edges of bulldozer blades to replacement parts for Land Rovers. The company uses an activity-based costing system for internal decision-making purposes. The company has four activity cost pools as listed below:

   

  Activity Cost pool   Activity Measure Activity Rate
  Order size   Number of direct labor-hours $ 16.50   per direct labor-hour*
  Customer orders   Number of customer orders $ 359.00   per customer order
  Product testing   Number of testing hours $ 81.00   per testing hour
  Selling   Number of sales calls $ 1,491.00   per sales call

  

     The managing director of the company would like information concerning the cost of a recently completed order for heavy-duty trailer axles. The order required 170 direct labor-hours, 18 hours of product testing, and 5 sales calls.

  

The results of the first-stage allocation of the activity-based costing system at Durban Metal Products, Ltd., in which the activity rates were computed, appear below:

   

Order
Size
Customer
Orders
Product
Testing
Selling
  Manufacturing overhead:
     Indirect labor $ 7.90       $ 234.00       $ 32.00       $ 0.00     
     Factory depreciation 7.20       0.00       19.00       0.00     
     Factory utilities .70       0.00       3.00       0.00     
     Factory administration 0.00       43.00       27.00       7.00     
  Selling and administrative:
     Wages and salaries .70       74.00       0.00       966.00     
     Depreciation 0.00       8.00       0.00       41.00     
     Taxes and insurance 0.00       0.00       0.00       50.00     
     Selling expenses 0.00       0.00       0.00       427.00     
  Total overhead cost $ 16.50       $ 359.00       $ 81.00       $ 1,491.00     

  

Required:
1.

Prepare a report showing the overhead cost of the order for heavy-duty trailer axles. What is the total overhead cost of the order?

      

In: Accounting

Go Party Ltd (GPL) is a successful New Zealand catering company, operating in South Island. It...

Go Party Ltd (GPL) is a successful New Zealand catering company, operating in South Island. It has a balance date of 30 June. During the preparation of the 30 June 2020 financial statements, the following two issues have come into the light. The details of these issues are as follows:

(a)   After a wedding party held by a customer in January 2020, 60 people became seriously ill, possibly as a result of food poisoning from food served by GPL. Legal proceedings were commenced seeking damages from GPL. The company lawyers advised that owing to developments in the case, and it was probable that the company would be found liable and the estimated damages were $85,000 that would be material to the company’s reported profits.

(b)   On 15 February 2020, the Department of Occupational Health and Safety undertook an audit against the complaints regards to the company’s unsafe storage practices. If found to be negligent by the court, the company will have to pay a fine and incur cleaning costs. At the end of the financial year, the outcome of the audit is unknown. The company directors are of the opinion that there is a 50% chance that Go Party Ltd will be found negligent.

Required:

Determine how GPL should treat the above two issues in its financial statements for the year ended 30 June 2020. Include in your answer the criteria as per NZ IAS 37, necessary journal entries (if required) or any disclosure note/s required.

In: Accounting