Promoting the Financial Planning Cruise to Better Horizons Credit Union Members

Write a sales message to Better Horizons members to promote the financial planning cruise. Feel free to add additional details (i.e., price and dates for the cruise).

Must be Persuasive!!!

Scenario: Christine Russo works at Better Horizons and is developing several new services the credit union could offer. One idea is for credit union members to take a five-day cruise to the Bahamas. Two afternoons of the cruise will be devoted to financial planning workshops, including choices such as retirement planning, trusts and estates, insurance, charitable giving, taxes, and college savings. Also, a finance boot camp for teenagers will provide basic information about savings and checking accounts, loans, and budgeting.

In another initiative, Christine wants to set up a new rewards program for credit union members who use their Better Horizons debit or credit cards. Each purchase with the debit or credit card will contribute to their total reward points, which customers can redeem for brand-name merchandise, hotel accommodations, airline tickets, cruises, and other travel options (detailed in an online and paper merchandise and travel catalog). Members get one point for each dollar spent on their credit cards and one point for every two dollars spent on their debit cards. One advantage of the program is that points can be combined across accounts. So, family members Page 331or friends who are members of the credit union can transfer their points to one another’s accounts and more quickly gain rewards. The program involves no fee, and members with the cards are automatically enrolled in the program.

A campus deli serves 300 customers over its busy lunch period from 11:30 a.m. to 1:30 p.m. A quick count of the number of customers waiting in line and being served by the sandwich makers shows that an average of 10 customers are in process at any point in time. What is the average amount of time that a customer spends in process?

The manager of a grocery store has taken a random sample of 100 customers. The average length of time it took the customers in the sample to check out was 4.8 minutes with a sample standard deviation of 0.5 minutes. Conduct a test to determine whether or not the mean waiting time of all customers is significantly more than 5 minutes. Use a significance level of α = 0.01.

23 Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $215 and a unit cost of $140. The retailer requires a 36% markup on selling price. The manufacturer has unit variable costs of $35. Calculate the wholesaler percent markup on cost. Report your answer as a percentage and round to the nearest percent. please show work.

24 Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $260 and a unit cost of $130. The retailer requires a 21% markup on selling price. The manufacturer has unit variable costs of $62. Calculate the manufacturer's dollar margin per unit. Round your answer to the nearest dollar. please show work

25 Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $894 and a unit cost of $521. The retailer requires a 45% markup on selling price. The manufacturer has unit variable costs of $306. Calculate the manufacturer's percent markup on cost. Report your answer as a percentage and round to the nearest percent.please show work.

26 A manufacturer is considering a switch from manufacturers’ representatives to an internal sales force. The following cost estimates are available. Manufacturers’ reps are paid 8.4% commission and incur $575,000 in fixed costs, while an internal sales force has fixed costs projected at $2,180,000 and would receive 3.3% commission. At what sales volume would the manufacturer be indifferent between the two alternatives? Report your answer in dollars.please show work.

27 A manufacturer is considering a switch from manufacturers’ representatives to an internal sales force. The following cost estimates are available. Manufacturers’ reps are paid 8.7% commission and incur $590,000 in fixed costs, while an internal sales force has fixed costs projected at $1,880,000 and would receive 3.0% commission. Assume that sales revenue is double the breakeven volume or the point at which the manufacturer would be indifference between reps and an internal sales force. At this volume, how much would the manufacturer save, assuming the company had switched to an internal sales force? Report your answer in dollars. please show work.

The balance in Unearned Revenues prior to adjustment was $3,650. If the amount still unearned as of the end of the period is $1,900?, the adjusting entry needed would be? to:

A.

debit Unearned Service? Revenue,

$1,750?;

credit Service? Revenue,

$1,750.

B.

debit? Cash,

$3,650?;

credit Unearned Service? Revenue,

$3,650.

C.

debit Service? Revenue,

$1,750?;

credit Unearned Service? Revenue,

$1,750.

D.

debit Unearned Service? Revenue,

$1,900?;

credit Service? Revenue,

$1,900.

Of the? following, which is NOT classified as an investing activity on the Statement of Cash? Flows?

A.

Selling goods and services

B.

Collecting the principal on loans

C.

Purchasing land

D.

Sale of equipment for cash

38) The balance in Unearned Revenues prior to adjustment was $3,650. If the amount still unearned as of the end of the period is $1,900, the adjusting entry needed would be to: A. debit Unearned Service Revenue, $1,750; credit Service Revenue, $1,750. B. debit Cash, $3,650; credit Unearned Service Revenue, $3,650. C. debit Service Revenue, $1,750; credit Unearned Service Revenue, $1,750. D. debit Unearned Service Revenue, $1,900; credit Service Revenue, $1,900. 39) Of the following, which is NOT classified as an investing activity on the Statement of Cash Flows? A. Selling goods and services B. Collecting the principal on loans C. Purchasing land D. Sale of equipment for cash

Question 12 pts

(CO 1) A survey of 1272 pre-owned vehicle shoppers found that 8% bought the extended warranties. What is the population and what is the sample?

Group of answer choices

Population: pre-owned vehicle shoppers; Sample: the 8% that bought extended warranties

Population: 1272 pre-owned vehicle shoppers; Sample: the 8% that bought extended warranties

Population: pre-owned vehicle shoppers; Sample: 1272 pre-owned vehicle shoppers

Population: 1272 pre-owned vehicle shoppers; Sample: pre-owned vehicle shoppers

Question 22 pts

(CO 1) A survey of 481 of your customers shows that 79% of them like the recent changes to the product. Is this percentage a parameter or a statistic and why?

Group of answer choices

Parameter as it represents the population

Statistic as it represents the sample

Parameter as it represents the sample

Statistic as it represents the population

Question 32 pts

(CO 1) Classify the data of the number of customers at a restaurant.

Group of answer choices

Quantitative

Qualitative

Statistics

Classical

Question 42 pts

(CO 1) The data set that lists the temperatures in Albany, NY each day in the month of February would be classified as what type of data?

Group of answer choices

Ratio

Interval

Nominal

Ordinal

Question 52 pts

(CO 1) A data set that includes the number of products that were produced within each hour by a company would be classified as what type of data?

Group of answer choices

Ratio

Ordinal

Interval

Nominal

Question 62 pts

(CO 1) What type of data collection might be best to estimate the impact of exercise on longevity?

Group of answer choices

Observational

Experiment

Simulation

Survey

Question 72 pts

(CO 1) What type of data collection might be best to study how voters might decide an upcoming ballot issue?

Group of answer choices

Observational

Simulation

Survey

Experiment

Question 82 pts

(CO 1) You need to study the satisfaction of customers of a specific restaurant. You decide to randomly select a few tables and talk to everyone at those selected tables. This would most closely describe which type of sampling technique?

Group of answer choices

Stratified

Random

Systematic

Cluster

Question 92 pts

(CO 2) Which of the following graphs would be a line graph?

Group of answer choices

a

b

c

d

Question 102 pts

(CO 1) In a normally distributed data set of how long customers stay in your store, the mean is 44.8 minutes and the standard deviation is 2.6 minutes. Within what range would you expect 95% of your customers to stay in your store?

Group of answer choices

37.0-52.6

2.6-44.8

39.6-50.0

42.2-47.4

Question 112 pts

(CO 1) Which of the following graphs would be considered a uniform distribution?

Group of answer choices

a

b

c

d

Question 122 pts

(CO 1) In a normally distributed data set with a mean of 19 and a standard deviation of 2.6, what percentage of the data would be between 13.8 and 24.2?

Group of answer choices

68% based on the Empirical Rule

95% based on the Empirical Rule

68% based on the histogram

95% based on the histogram

Question 132 pts

(CO 1) Which of the following would be the standard deviation for this sample data set: 5, 7, 6, 9, 6, 4, 4, 6, 5, 9, 3?

Group of answer choices

1.94

2.91

1.85

5.82

Question 142 pts

(CO 1) What would be the mean of this data set: 8, 9, 7, 508, 7, 1, 5, 8, 1?

Group of answer choices

61.6

50.8

33.8

5.8

Question 152 pts

(CO 1) A researcher wants to study the effects of playing video games 24-7 for a week. What type of study would be best suited to make this determination?

Group of answer choices

Experimental

Simulation

Survey

Observational

Question 162 pts

(CO 1) To gather information on customer satisfaction, a researcher goes into several stores and interviews randomly selected customers. This sampling technique is called:

Group of answer choices

Convenience

Stratified

Random

Cluster

Question 172 pts

(CO 1) What is the standard deviation and its meaning given this population of customer ages? 45, 76, 30, 22, 24, 40, 63, 66, 27

Group of answer choices

18.1 which means that many of the ages will be within this value of the average age

19.2 which means that many of the ages will be within this value of the average age

19.2 which means that many of the ages will be around the square of this value

18.1 which means that many of the ages will be around this value

Question 182 pts

(CO 1) What is the mode of the following data set?

2, 2, 3, 3, 4, 4, 5, 5, 6, 6, 7, 7, 8, 8

Group of answer choices

no mode

2, 3, 4, 5, 6, 7, and 8

2

2, 4, 5, and 7

Mapping traits to a chromosome

Fruit flies have four chromosomes. Fruit flies also have a number of body markers that are useful for mapping genes to given chromosomes. Chromosome I is the X chromosome, which has eye color alleles w+ (red eyes, dominant) and w- (white eyes, recessive). Curly O (Cyo), located on chromosome II, is a dominant marker mutation which causes the wings to curl on the ends instead of beings straight (WT). Stubble (Sb), a dominant marker mutation located on chromosome III, causes the fly’s normally (WT) long and slender bristles to be short and stubbly. (Chromosome IV is very tiny, and has very few genes on it, so we'll ignore it for this problem.)

You have a new mutation that causes the fly to have four antennae instead of two, which you've named double. This mutation is dominant to the wild type allele (two antennae). You want to know which chromosome it is on, so you perform tests for linkage of double to the three markers on the three major chromosomes. Assume all parents are pure-breeding.

Cross I: Test for linkage with white You cross a white-eyed female with two antennae to a red-eyed male with four antennae. Offspring: 405 females with red eyes and four antennae 399 males with white eyes and four antennae

Cross 2: Testing for linkage with CyO and Sb You cross a fly with four antennae to a fly with curly wings and stubbly bristles. The offspring all have four antennae, curly wings, and stubbly bristles. You cross one of these F1 hybrid offspring to a WT fly (all recessive), and get the following outcomes: 226 curly wings, stubbly bristles, two antennae 224 straight wings, stubbly bristles, two antennae 223 curly wings, long bristles, four antennae 227 straight wings, long bristles, four antennae 23 curly wings, stubbly bristles, four antennae 24 straight wings, stubbly bristles, four antennae 26 curly wings, long bristles, two antennae 27 straight wings, long bristles, two antennae

To which of the three markers is double linked?

Which chromosome is it on?

Calculate the distance between double and that marker, showing your calculations below.


3. Armani plans to launch a new series of 3 suits called the Chester, Briarcliff, and Stonebridge (C, B, and S). Each suit is made of a different material. The prices of the suits are $1400, $1100 and $700 respectively. The cost of the materials and unit production costs were $400, $300, and $200. The design cost for the series was $3M and promotional spending was $4M. Assuming that the sales mix for the three suits will be 2:3:5 respectively, a. Calculate the breakeven quantity for each suit. [3] b. Assume that Armani was able to acquire 100,000 customers from the $7M. If the discount rate is 8% and the retention rates in each period for segments C, B and S are 70%, 75%, and 80% respectively. Calculate the CLV for each segment (use the sales mix to determine the number of customers acquired in each segment and the total contribution from part (a) for margins). [5] c. Suppose Armani is considering an increase in margin of 7% per year. Calculate CLV for segment S. [2] d. Suppose the demand last year for Chester suit was 60,000 units at the original $1400 price. How much profit did they make last year, assuming that the fixed cost is distributed equally across the models? [2]

Smart Science School is a new private primary school that is established in Sohar, and its automated system is not yet in place. The school has identified three significant registration process which includes: a) Information where inquiries are answered, and forms are distributed where estimated time could be from 2 minutes to 15 minutes; b) Assessment where the forms are submitted, and the cost will be calculated with an estimated time of 5 minutes; c) Payment where the calculated amount will be paid, and cash receipts will be given and are expected to be 3 minutes. There are 3,500 students, and it is expected that at any given time, the expected influx of customers to be 75. The school is open for 8 hours a day. a) Design a floor plan which also illustrates the registration process, why that is the most appropriate design for the school. b) Identify and justify which service discipline that you intended to follow by mentioning the possible problems or challenges that will be avoided. c) Identify and justify the appropriateness of the structure (systems) of the waiting line situation. d) Based on your answer in letter c, explain the process of how the structure of the line situation will work. e) How many employees for each process you need to ensure all customers will be served. justfy