Questions
You are interested in finding a 98% confidence interval for the average commute that non-residential students...

You are interested in finding a 98% confidence interval for the average commute that non-residential students have to their college. The data below show the number of commute miles for 10 randomly selected non-residential college students. Round answers to 3 decimal places where possible.

11 11 27 10 20 27 18 23 8 18

a. To compute the confidence interval use a

distribution.

b. With 98% confidence the population mean commute for non-residential college students is between and miles.

c. If many groups of 10 randomly selected non-residential college students are surveyed, then a different confidence interval would be produced from each group. About percent of these confidence intervals will contain the true population mean number of commute miles and about percent will not contain the true population mean number of commute miles.

In: Statistics and Probability

1 ) If a flight is on time 90% of the time, use a normal approximation...

1 ) If a flight is on time 90% of the time, use a normal approximation to the binomial to find the probability that between 175 and 190 out of a total of 200 flights will be on time.

2)- In a study done by Statistics Weekly, they found that 12% of people believe that there will eventually be a zombie apocalypse. Suppose we have a random sample of 500, would it be unusual to find 43 people who believe that there will eventually be a zombie apocalypse. Would it be unusual to find 70 people who believe that there will eventually be a zombie apocalypse?

3-)  The age at the time of marriage was obtained for a random sample of 10 women. The results were 28, 24, 22, 25, 33, 35, 27, 26, 27, 20. Assume that the population has a normal distribution. Find a 90% confidence interval for the mean age at which a woman marries. Interpret your answer.

in detail, please

In: Statistics and Probability

Record No. Length-mm 1 22 2 30 3 23 4 22 5 26 6 23 7...

Record No. Length-mm
1 22
2 30
3 23
4 22
5 26
6 23
7 27
8 18
9 39
10 31
11 36
12 23
13 31
14 23
15 32
16 35
17 24
18 23
19 24
20 43
21 30
22 31
23 34
24 21
25 25
26 37
27 26
28 35
29 28
30 36

1. suppose you the fisher men want to use mosquito fish that are greater than 29 mm for bait, otherwise it is not worth using this lake to harvest bait fish.

a. do a z test in r and use library (desctools) to call it up. find the p value turn in the script.

In: Statistics and Probability

Carrington would invest in software and some hardware upgrades that will allow them to better analyze...

Carrington would invest in software and some hardware upgrades that will allow them to better analyze the traffic coming in to their website. Total acquisition costs for this option are estimated to be $400,000. This improved analytics capability is expected to lead to increased revenue of $80,000 in year 1, $120,000 in year 2, $250,000 in year 3, $350,000 in year 4, and $500,000 in year 5. The estimated cost of this obtaining this revenue will be 20% per revenue dollar related to sales staff that will analyze this data and use it to generate new client relationships. Carrington will also incur fixed cost of $10,000 per year related to software updates and hardware maintenance. Carrington will set aside $250,000 in working capital for this project and this capital will be recovered at the end of 5 yrs. The salvage value of the new equipment will be $9,000 at the end of 5 yrs. Carrington uses a 10% hurdle rate to evaluate all projects, Acquisition costs qualify for modified accelerated depreciation of 50,30, and 20% in the first three yrs, Being profitable company income would be taxed at Carrington's tax rate of 30%, and all dollar values referenced in this case are in nominal dollars so for analysis ignore the effect of inflation.

1. Calculate the payback period, internal rate of return, and NPV.

2. The data analytics program pays off a lot faster than expected. Revenue is projected to be $200,000 in yr 1, $250,000 in yr 2, $250,000 in yr 3, $300,000 in yr4, and $300,000 in yr 5.

3.A great tax plan. Congress is proposing a new corporate tax plan that reduces the federal tax rate that Carrington pays from 30% to 20%. However, this tax plan would also do away with MACRS and replace it with straight line depreciation for tax purposes ( over 5 yrs).

a. Using the original estimates for your designated option, estimate the effect of this tax plan on NPV.

b. Next, given the uncertainty related to the effect of the proposed tax plan on future business, use a 14% hurdle rate instead of the 10% hurdle rate used before in estimating the effect of the plan (i.e just redo 4A).

4. What are some qualitative concerns related to accepting this designated option. Discuss and list at least 2. Provide why each would be considered an advantage or disadvantage.

In: Finance

You work for Mooney’s Consulting. They have assigned you to an engagement with Anavrin a healthfood...

  1. You work for Mooney’s Consulting. They have assigned you to an engagement with Anavrin a healthfood café based in Los Angeles. The company currently only produces and sells organic sandwiches, pastries, coffee, and smoothies. They currently spend anywhere from $5,000 to $25,000 per year on marketing with the majority of this being on billboards and viral media targeted at the Los Angeles market. They maintain all their records within an Access database. They have provided you with access to their database which contains the last eight years of data about the company, including all sales, spending, customers, vendors, and employees. Anavrin has hired Mooney’s Consulting (You) to determine if their advertising budget and approach is optimal.

Required: Below, write each step of the IMPACT cycle then determine the steps you would take pertaining to this specific engagement for each step of the cycle. Be specific on what actions you would take, writing at least 3 sentences describing your actions for each step.

In: Finance

1 Purchased computer terminals for RM20,000 from Digital Equipment on account. 2 Paid RM4,000 cash for...

1

Purchased computer terminals for RM20,000 from Digital Equipment on account.

2

Paid RM4,000 cash for September rental on storage space.

3

Received RM15,000 cash from customers for contracts billed in August.

4

Provided computer services to Fisher Construction Company for RM3,000 cash.

5

Paid TNB, a power company, RM11,000 cash for energy usage in August.

6

Shareholders invested an additional RM32,000 in the business.

7

Paid Digital Equipment for the terminal purchased in (1) above.

8

Incurred advertising expense for May of RM1,200 on account.

Bakar Enterprise entered into the following transactions during September 2016:

Required:

Indicate with the appropriate letter in the last column whether each of the above transactions.

(a)    An increase in assets and a decrease in assets.

(b)   An increase in assets and an increase in equity.

(c)    An increase in assets and an increase in liabilities.

(d)   A decrease in assets and a decrease in equity.

(e)   A decrease in assets and a decrease in liabilities.

(f)     An increase in liabilities and a decrease in equity.

(g)    An increase in equity and a decrease in liabilities.

In: Accounting

Exercise 8-11 Cash Budget Analysis [LO8-8] A cash budget, by quarters, is given below for a...

Exercise 8-11 Cash Budget Analysis [LO8-8]

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.)

Quarter (000 omitted) (000 omitted)
1 2 3 4 Year
Cash balance, beginning $6
Add collections from customers 96 323
Total cash available 71
Less disbursements:
Purchase of inventory 35 45 35
Selling and administrative expenses 30 30 113
Equipment purchases 8 8 10 36
Dividends 2 2 2 2
Total disbursements 85
Excess (deficiency) of cash available over disbursements (2) 11
Financing:
Borrowings 15
Repayments (including interest)* (17)
Total financing
Cash balance, ending
*Interest will total $1,000 for the year.

In: Accounting

Country Furniture Company manufactures furniture at its​ Akron, Ohio, factory. Some of its costs from the...

Country Furniture Company manufactures furniture at its​ Akron, Ohio, factory. Some of its costs from the past year​ include:

Depreciation on sales office ​$     9,600

Depreciation on factory equipment 16,800

Factory supervisor salary 50,000

Sales commissions 23,400

Lubricants used in factory equipment 3,800

Insurance costs for factory 21 comma 000 21,000

Wages paid to maintenance workers 115 comma 600 115,600

Fabric used to upholster furniture 10 comma 700 10,700

Freight minus −in ​(on raw​ materials) 3 comma 300 3,300

Costs of delivery to customers 9 comma 700 9,700

Wages paid to assembly minus −line workers 115 comma 700 115,700

Lumber used to build product 82 comma 700 82,700

Utilities in factory 54 comma 400 54,400

Utilities in sales office 26 comma 400 26,400

Manufacturing overhead costs for Country Furniture Company totaled

In: Accounting

System Architecture Passing Lane is a small trucking company headquartered in Portland, Oregon. Passing Lane’s information...

System Architecture

Passing Lane is a small trucking company headquartered in Portland, Oregon. Passing Lane’s information system consists of a file server and three workstations where freight clerks enter data, track shipments, and prepare freight bills. To perform their work, the clerks obtain data from the server and use database and spreadsheet programs stored on stand-alone PCs to process the data. At your meeting yesterday, Passing lane’s president approved your recommendation to create a relational database to handle operations and provide links for the company’s shippers and customers.

Tasks

1. What would be the advantages of selecting an Internet-based architecture for Passing Lane’s system?

2.  Since the firm is growing rapidly, what design features should be included in the new system to ensure it can grow with the company.

3.  Given that Passing Lane currently uses computers for managing their operations, what design considerations should be given to legacy systems? Explain your answer.

In: Operations Management

Exercise 10-14 Sunland Inc. has decided to purchase equipment from Central Michigan Industries on January 2,...

Exercise 10-14 Sunland Inc. has decided to purchase equipment from Central Michigan Industries on January 2, 2017, to expand its production capacity to meet customers’ demand for its product. Sunland issues a(n) $880,000, 5-year, zero-interest-bearing note to Central Michigan for the new equipment when the prevailing market rate of interest for obligations of this nature is 11%. The company will pay off the note in five $176,000 installments due at the end of each year over the life of the note.

1.Prepare the journal entry at the date of purchase.

2.Prepare the journal entry at the end of the first year to record the payment and interest, assuming that the company employs the effective-interest method.

3.Prepare the journal entry at the end of the second year to record the payment and interest.

4.Assuming that the equipment had a 10-year life and no salvage value, prepare the journal entry necessary to record depreciation in the first year. (Straight-line depreciation is employed.)

In: Accounting