Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2018 year-end inventory is as follows: Inventory, by Product Category Quantity Per Unit Cost Net Realizable Value Tools: Hammers 110 $ 5.70 $ 6.20 Saws 270 10.70 9.70 Screwdrivers 370 2.70 3.30 Paint products: 1-gallon cans 570 6.70 5.70 Paint brushes 110 4.70 5.20 Required: 1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory. 2. Assuming that the company reports an inventory write-down as a line item in the income statement, for each of the LCNRV applications determine the amount of the loss.

1.

The IRS currently uses Benford's Law to detect fraudulent tax data. Suppose you work for the IRS and are investigating an individual suspected of embezzling. The first digit of 162 checks to a supposed company are as follows:

What is the P-Value? Report answer to 4 decimal places
P-Value =

Write a statement to the law enforcement officials that will use it to decide whether to pursue the case further or not. Structure your essay as follows:

Given a brief explanation of what a Goodness of Fit test is.
Explain why a Goodness of Fit test should be applied in this situation.
State the hypotheses for this situation.
Interpret the p-value
Use the answer to part c to justify the decision in part d.
Use the decision in part d to make a conclusion about whether the individual is likely to have embezzled.
Use this to then tell the law enforcement officials whether they should pursue the case or not.

Classifying Costs Assume you are going to become an entrepreneur and start your own business. Think about your talents and interests and come up with an idea for a small business venture that provides a unique product or service to local customers.

Pool Building Company

a) What would the major costs of your business be? Try to classify the costs into the areas of direct materials; direct labor; manufacturing overhead; and selling, general, and administrative expenses. (Hint: Not all businesses will have all of these cost classifications.)

b) Why would you need to determine the cost of providing your product or service to individual customers? In other words, what types of decisions would you expect to make based on job order cost information?

c) In general, would you expect your company’s indirect (overhead) costs to be less or more than the direct costs (direct labor and materials)? What allocation base do you think you would use to charge overhead costs to individual customers? How much do you think the overhead rate would need to be?

Q1, Company-wide strategic planning should ________.

a)focus solely on the products a company will sell

b)focus solely on how the company will make a profit

c)guide marketing strategy and planning

d)focus on the products a company will sell and on how the company will make a profit

e)None of the options are correct

Q2, In planning their marketing functions, companies engage in partner-relationship management, which is the process of ________.

a)working closely with competitors to evaluate potential suppliers

b)working with external stakeholders to understand market weaknesses

c)working closely with partners in other company departments to form an effective value chain that serves the customer

d)working closely with competitors to evaluate potential suppliers, and working with external stakeholders to understand market weaknesses

e)All of the options are correct

Q3, ________ is the division of a market into groups of buyers who have distinct needs, characteristics, and behaviors, and who might require separate products or marketing mixes.

a)Marketing mix

b)Market orientation

c)Market segmentation

d)Market penetration

e)Positioning

1. Education Planning: Suppose you have just had your first child and you want to begin saving for their college education. You estimate that with inflation, the cost of four years of college at a top university will cost a total of $225,000 in 18 years when your child graduates from high school. How much do you need to invest at the end of each month (part a) or year (part b) for the next 18 years to accumulate the $225,000 assuming:

1. a 6% annual interest rate compounded monthly?

2. an 8% annual interest rate compounded annually?

Part 1: summarize the article, just one paragraph

Retirees head to Latin America, where middle-class money can buy upper-class lifestyle

http://www.miamiherald.com/news/nation-world/world/americas/colombia/article154093359.html#storylink=cpy

Part 2: Link the article to two concepts from chapter 11 (Consumer Identity: social class and lifestyles)

Book: Consumers Behavior, Buying, Having, and Being, Student Value Edition, 11/E Michael R. Solomon, Saint Josephs University

ISBN-10: 0133451151 ISBN-13: 9780133451153

Assume that a simple random sample has been selected from a normally distributed population. We want to test the claim that for the population of female college students at a particular university, the mean weight is given by µ=132lb. The sample data are summarized as follow: n=20, x=137lb, and s=14.2 lb. Use a significant level of α=0.1.

a. Identify the relevant variable and parameter

b. State null and alternative hypothesis

c. Find the test statistic value

d. Find and interpret the P-value and interpret the conclusion

e. Is there a probability of making type II error (Yes or No).

According to a recent​ report, 48​% of college student internships are unpaid. A recent survey of 100 college interns at a local university found that 52 had unpaid internships. a. Use the​ five-step p-value approach to hypothesis testing and a 0.10 level of significance to determine whether the proportion of college interns that had unpaid internships is different from 0.48. b. Assume that the study found that 59 of the 100 college interns had unpaid internships and repeat​ (a). Are the conclusions the​ same? a. Let π be the population proportion. Determine the null​ hypothesis, H0​, and the alternative​ hypothesis, H1. H0​:π ____ H1​: π ____