Questions
3. The average sale per customer at a department store is $120.00 with a standard deviation...

3. The average sale per customer at a department store is $120.00 with a standard deviation of $10.00.  

According to the Empirical Rule, the percentage of sales between

$90.00 and $150.00 would be   __________________

Using Chebyshev’s Theorem, the upper and lower limits for 75% of the data values =

_________to ___________.

c)    If a customer spends $160.00, which of the following is correct?

a) It is an outlier because it’s more than 3 standard deviations below the mean.

b) It is an outlier because it’s more than 3 standard deviations above the mean.

c) It is not an outlier.

d) None of the above is correct.

In: Math

We often hear of inflation characterized as a bad thing, but Meyer describes both winners and...

We often hear of inflation characterized as a bad thing, but Meyer describes both winners and losers from inflation. Give an example of one way in which you would win from unexpected inflation, and an example of one way in which you would lose from unexpected inflation.

In: Economics

Schedule of Cash Collections on Accounts Receivable and Cash Budget Bennett Inc. found that about 45%...

Schedule of Cash Collections on Accounts Receivable and Cash Budget

Bennett Inc. found that about 45% of its sales during the month were for cash. Bennett has the following accounts receivable payment experience:

Percent paid in the month of sale 25
Percent paid in the month after the sale 68
Percent paid in the second month after the sale 5

Bennett's anticipated sales for the next few months are as follows:

April $250,000
May 290,000
June 280,000
July 295,000
August 300,000

Required:

1. Calculate credit sales for May.
$

Calculate credit sales for June.
$

Calculate credit sales for July.
$

Calculate credit sales for August.
$

Feedback

1. Calculate credit sales for each month.

2. Prepare a schedule of cash receipts for July and August. Round your answers to the nearest whole dollar, if necessary. If an amount box does not require an entry, leave it blank or enter "0". Be sure to enter percentages as whole numbers.

Bennett Inc.
Schedule of Cash Receipts
For July and August
July August
Cash sales $ $
Payments on account:
From May credit sales:
$ ×  %
From June credit sales:
$ ×  %
$ ×  %
From July credit sales:
$ ×  %
$ ×  %
From August credit sales:
$ ×  %
Cash receipts $ $

In: Accounting

Outline the process that occurs when a hardware interrupt is generated by a disk controller. Set...

Outline the process that occurs when a hardware interrupt is generated by a disk controller. Set the context for the interrupt disk read and describe how an interrupt handler would address the event.

In: Computer Science

What is the wavelength of the matter wave associated with a proton moving at 381381 m/s?...

What is the wavelength of the matter wave associated with a proton moving at 381381 m/s?

wavelength of proton matter wave:

What is the wavelength of the matter wave associated with a 153153 kg astronaut (including her spacesuit) moving at the same speed?

wavelength of astronaut matter wave:

What is the wavelength of the matter wave associated with Earth moving along its orbit around the Sun?

wavelength of Earth matter wave:

In: Physics

LONG-TERM FINANCING NEEDED At year-end 2016, total assets for Arrington Inc. were $1.8 million and accounts...

LONG-TERM FINANCING NEEDED At year-end 2016, total assets for Arrington Inc. were $1.8 million and accounts payable were $445,000. Sales, which in 2016 were $3 million, are expected to increase by 30% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. Arrington typically uses no current liabilities other than accounts payable. Common stock amounted to $455,000 in 2016, and retained earnings were $260,000. Arrington plans to sell new common stock in the amount of $60,000. The firm's profit margin on sales is 7%; 65% of earnings will be retained. What were Arrington's total liabilities in 2016? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest cent. $ How much new long-term debt financing will be needed in 2017? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round your intermediate calculations. Round your answer to the nearest cent. (Hint: AFN - New stock = New long-term debt.) $

In: Finance

[Taxation]Historically, taxpayers have implemented strategies to mitigate or eliminate the effects of double taxation. Why might...

[Taxation]Historically, taxpayers have implemented strategies to mitigate or eliminate the effects of double taxation. Why might taxpayers think twice before implementing such strategies today? Explain.

In: Accounting

The following reaction was carried out in a 3.75Lreaction vessel at 1100 K: C(s)+H2O(g)?CO(g)+H2(g) If during...

The following reaction was carried out in a 3.75Lreaction vessel at 1100 K:

C(s)+H2O(g)?CO(g)+H2(g)

If during the course of the reaction, the vessel is found to contain 8.25mol of C, 13.3mol of H2O, 3.40mol of CO, and 6.00mol of H2, what is the reaction quotient Q?

In: Chemistry

Which of the following is typically true of service industries that are not subject to obsolescence?...

Which of the following is typically true of service industries that are not subject to obsolescence?

They do not utilize internal marketing techniques.

They take a sluggish approach to marketing.

They are highly creative.

They do not operate in markets with heavy competition.

Global marketing research:

can help determine whether there is an unsatisfied need for a new product.

cannot be used by companies entering developing countries.

is typically used to determine the supply chain dynamics.

helps in understanding the difference between vertical and horizontal integration.

When Swift Inc., an American footwear manufacturer, opened an outlet in Thailand, it discovered that productions costs were much higher in its home country. Consequently, the firm decided to shift its production to Thailand to profit from the lower costs of labor, transportation, and raw material. The benefits gained by the footwear manufacturer can be attributed to which of the following external factors?

Market factors

Environmental factors

Economic factors

Competitive factors

In the context of global marketing research, which of the following is a measure that should be most likely examined in order to assess the ability of consumers in a foreign market to buy?

Number and size of families

Status and position in society

Educational qualifications

Distribution of income

In: Operations Management

Consider important aspects of a successful business model. In particular, we begin consideration of the essential...

Consider important aspects of a successful business model. In particular, we begin consideration of the essential components of objectives and the strategies to achieve those objectives. After considering the material found in Bygrave, W. D., & Zacharakis, A. (2014). Entrepreneurship (3rd ed.), chapters 4, 5, and 6:

2) How would you build an effective team to implement an appropriate high-volume, low-cost strategy?

In: Operations Management

How much energy could we get from flattening the Rocky Mountains? Guesstimate how much potential energy...

How much energy could we get from flattening the Rocky Mountains? Guesstimate how much potential energy is stored in a mountain range.

In: Physics

If 39.6 cm of copper wire (diameter = 0.872 mm, resistivity = 1.69

If 39.6 cm of copper wire (diameter = 0.872 mm, resistivity = 1.69

In: Physics

A 40.0 kg child swings in a swing supported by two chains, each 3.00 m long....

A 40.0 kg child swings in a swing supported by two chains, each 3.00 m long. The tension is each chain at the lowest point is 350 N. Find (a) the child's speed at the lowest point and (b) the force exerted by the seat on the child at the lowest point. (Ignore the mass of the seat.)

In: Physics

2. A cylinder is filled with helium gas at 323 K and 118 atmospheres. The volume...

2. A cylinder is filled with helium gas at 323 K and 118 atmospheres. The volume of the cylinder is 3.07 liters. What is the total number of atoms in the gas?

3. One mole of helium gas at 297 K is allowed to expand slowly (isothermally) from an initial volume of 3.50 liters to a final volume of 16.1 liters. How much heat flows into the gas?

4. Helium gas is kept in a container surrounded by perfect vacuum p=0 (e.g. in space). The pressure inside the container is 288 Pa. Suddenly, the container breaks and the gas expands rapidly (i.e. adiabatically). What is the pressure of the gas when the volume has tripled?

In: Physics

At the end of Book I, chapter 4 Smith introduces the theory of value through the...

At the end of Book I, chapter 4 Smith introduces the theory of value through the "diamond-water paradox." Why does Smith see the contrast between the exchange value of diamonds and water as a paradox? How does he resolve it? How about Marx? Jevons or Menger?

In: Economics