During June, the following changes in inventory item 27 took place:
June 1 Balance 1,400 units @ £24
14 Purchased 900 units @ £36
24 Purchased 700 units @ £30
8 Sold 400 units @ £50
10 Sold 1,000 units @ £40
29 Sold 500 units @ £44
Perpetual inventories are maintained in units only.
Instructions
What is the cost of the ending inventory for item 27 under the following methods? (Show calculations.)
(a) FIFO.
(b) Average Cost.
In: Accounting
Nieuwenhuizen (2016) states that “The primary task of a price is to cover costs and thereafter to make a contribution to profit.”
Q.3.1 Define the seven factors which influence the pricing of products and services. You may use examples to support your answer.
Q.3.2 The five most important factors to consider when deciding on a promotional mix are location of customers, the characteristics of the target market, nature of the product, available budget and the current stage of the product life cycle. Explain each of these factors as the pertain to the promotional mix by using practical examples.
Q.3.3 Differentiate between a brand and a trademark. You are allowed to use relevant examples to support your answer.
In: Economics
Case: A New Business
Mr. Khalid, a young entrepreneur who has worked in various restaurants throughout high school and college, has decided to develop a new food service concept that focuses primarily on takeout of home-cooked food for busy professionals on their way home from work. The restaurant would also have a small dining area for customers who wish to eat the food there. Because this prospective business will have to compete with other traditional local restaurants, Mr. Khalid wants to ensure that this business will compete on quality and develop a strong quality reputation.
Question: Explain Marketing perspective of Quality for the new business?
between 150 and 200 word
In: Finance
Show me how it is done in Excel if possible:
A store has one counter. The probability of inter-arrival time (in min) and service time (in min.) of customers are given in the following table.
Distribution of time between Arrival
|
Interarrival time(min) |
Probability |
Cumulative Probability |
Random Digit Assignment |
|
1 |
0.13 |
||
|
2 |
0.15 |
||
|
3 |
0.03 |
||
|
4 |
0.17 |
||
|
5 |
0.06 |
||
|
6 |
0.14 |
||
|
7 |
0.15 |
||
|
8 |
0.09 |
||
|
9 |
0.19 |
||
|
10 |
0.08 |
Distribution of Service-Time
|
Service Time(min) |
Probability |
Cumulative Probability |
Random Digit Assignment |
|
1 |
0.05 |
||
|
2 |
0.10 |
||
|
3 |
0.20 |
||
|
4 |
0.30 |
||
|
5 |
0.25 |
||
|
6 |
0.10 |
In: Statistics and Probability
Suppose that in a given store, customers are willing to buy y pounds of coffee beans per day at $x per pound, as given by the price-demand equation y=10+(180/x) for 2 (is less than or equal to) x (is less than or equal to) 10.
a. Find y’ with appropriate units. Explain what the first derivative means in this situation by hand.
b. Find the demand and the instantaneous rate of change of demand with respect to price when the price is $5.
c. Use a table of values to sketch a well-labelled graph of this function between $2 and $10 per pound.
d. Does the rate of demand increase or decrease over time? Explain.
In: Math
Deciding between best of breed vendor systems and an integrated vendor system requires a strong understanding of the needs of the healthcare organization in delivering quality care to patients. You have been hired as a healthcare applications consultant by an integrated hospital system consisting of full hospital services (including radiology, laboratory, and dietary services). The hospital system has numerous sites, such as satellite ambulatory care centers for specific populations of customers. What are the advantages and disadvantages of a best-of-breed systems approach? What are the advantages and disadvantages of an integrated vendor system approach? Propose to management a recommendation for proceeding; including any assumptions required to support your recommendation. (Please type response)
In: Nursing
You have been asked to design a web page for a local business or organization (choose one from your local community). Go to www.flickr.com or www.1StopPictures.com and choose a visual to illustrate the website by trying to match the personality of the organization to a visual image. Then, identify the primary categories of information that need to be included on the page. Develop a flow chart or map that shows how a typical user would navigate through the site. What other image could you find that might be used on inside pages to provide some visual interest to this business’s online image? Now consider interactivity: How could this site be used to increase interactivity between this company and its customers?
In: Psychology
A drug is used to help prevent blood clots in certain patients. In clinical trials, among 4244 patients treated with the drug, 154 developed the adverse reaction of nausea. Construct a 99% confidence interval for the proportion of adverse reactions.
a) Find the best point estimate of the population proportion p.
nothing
(Round to three decimal places as needed.)
b) Identify the value of the margin of error E.
E=nothing
(Round to three decimal places as needed.)
c) Construct the confidence interval.
nothing<p<nothing
(Round to three decimal places as needed.)
d) Write a statement that correctly interprets the confidence interval. Choose the correct answer below.
A.One has 99% confidence that the sample proportion is equal to the population proportion.
B.There is a 99% chance that the true value of the population proportion will fall between the lower bound and the upper bound.
C.One has 99% confidence that the interval from the lower bound to the upper bound actually does contain the true value of the population proportion.
D. 99% of sample proportions will fall between the lower bound and the upper bound.
In: Math
1. Use the sample data and confidence level given below to complete parts (a) through(d).
A research institute poll asked respondents if they felt vulnerable to identity theft. In the poll, n=1072 and x=569 who said "yes." Use a 95% confidence level.
a) Find the best point estimate of the population proportion p.
(Round to three decimal places as needed.)
b) Identify the value of the margin of error E.
(Round to three decimal places as needed.)
c) Construct the confidence interval.
??? <p< ???
(Round to three decimal places as needed.)
d) Write a statement that correctly interprets the confidence interval. Choose the correct answer below.
A. There is a 95% chance that the true value of the population proportion will fall between the lower bound and the upper bound.
B. One has 95% confidence that the sample proportion is equal to the population proportion.
C. 95% of sample proportions will fall between the lower bound and the upper bound.
D. One has 95% confidence that the interval from the lower bound to the upper bound actually does contain the true value of the population proportion.
In: Statistics and Probability
18. Suppose you ran a between-subjects ANOVA in a study that had 3 levels of the independent variable, with 5 subjects assigned to each level. As part of your analysis, you calculated the following results: SStotal=1216. 738, SSbetween=787.930, and SSwithin=428.808. Calculate the F ratio. Was there a statistical difference between the three groups at the α=.05 significance level?
19. What is the effect size for the study described in Question 18? Is this a small, medium, or large effect size according to Cohen?
20. Suppose that the mean scores on the dependent variable for the three groups in the study described in Question 18 were 19, 26, and 23. Use Tukey’s HSD statistic (also called the q statistic) to determine whether any pair of these three means differed statistically from one another at the .05 significance level.
Please answer all the questions. 19 and 20 is an attachment to 18. Please also show how you got the answers so I can better understand these types of questions later in the future. Thank you
In: Statistics and Probability