Orange County Chrome Company manufactures three chromeplated products—automobile bumpers, valve covers, and wheels. These products are manufactured in two production departments (Stamping and Plating). The factory overhead for Orange County Chrome is $236,600.
The three products consume both machine hours and direct labor hours in the two production departments as follows:
Direct Labor Hours  Machine Hours  
Stamping Department  
Automobile bumpers  557  801 
Valve covers  296  558 
Wheels  339  599 
1,192  1,958  
Plating Department  
Automobile bumpers  167  1,171 
Valve covers  180  715 
Wheels  172  758 
519  2,644  
Total  1,711  4,602 
Required:  
1.  Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours. Round your answers to two decimal places. 
2.  Determine the product factory overhead costs, using (a) the direct labor hour plantwide factory overhead rate and (b) the machine hour plantwide factory overhead rate. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Round your answers to the nearest dollar amount. 
In: Accounting
Q1. (CLO3) All techniques with NPV profile—Mutually exclusive projects Fitch Industries is in the process of choosing the better of two equalrisk, mutually exclusive capital expenditure projects—M and N. The relevant cash flows for each project are shown in the following table. The firm’s cost of capital is 14%.
Project M 
Project N 

Initial investment 
$28,500 
$27,000 
1 
$10,000 
$11,000 
2 
$10,000 
$10,000 
3 
$10,000 
9,000 
4 
$10,000 
8,000 
a. Calculate each project’s payback period.
b. Calculate the net present value (NPV) for each project.
c. Calculate the profitability Index for the two projects.
d. Summarize the preferences dictated by each measure you calculated, and indicate which project you would recommend. Explain why?
Q2. (CLO3) Future values of annuities Ramesh Abdul wishes to choose the better of two equally costly cash flow streams: annuity X and annuity Y. X is an annuity due with a cash inflow of $9,000 for each of 6 years. Y is an ordinary annuity with a cash inflow of $10,000 for each of 6 years. Assume that Ramesh can earn 15% on his investments.
a. On a purely subjective basis, which annuity do you think is more attractive? Why?
b. Find the future value at the end of year 6 for both annuities.
c. Use your finding in part b to indicate which annuity is more attractive. Why? Compare your finding to your subjective response in part a.
Q3: Joan Messineo borrowed $15,000 at a 14% annual rate of interest to be repaid over 3 years. The loan is amortized into three equal, annual, endofyear payments.
a. Calculate the annual, endofyear loan payment.
b. Prepare a loan amortization schedule showing the interest and principal breakdown of each of the three loan payments.
c. Explain why the interest portion of each payment declines with the passage of time.
In: Finance
Question 1
Descriptive statistics 

Inferential statistics 

Neither descriptive or inferential statistics 

There is no way to tell if these statistics are inferential or descriptive. 
Question 2
Nominal 

Ordinal 

IntervalRatio 

None of the above. 
Question 3
Mode 

Median 

Mean 

None of the above. 
Question 4
Descriptive statistics 

Inferential statistics 

Neither descriptive or inferential statistics 
Question 5
Nominal 

Ordinal 

IntervalRatio 

All of the above. 
In: Statistics and Probability
1… How do you find the value of a bond, and why do bond prices changes?
2… What are bond ratings, and why are they important?
3… How does Inflation affect interest rate?
4… What is the term structure of interest rate?
5…What factors determine the required return on bonds?
In: Finance
Under ordinary circumstances: For all babies born in the entire global population, the proportion of male births tends to be consistently a bit higher, than the proportion of female births (Source: WHO  World Health Organization).
In fact: For a randomly sampled individual birth from the global population, the probability that the baby's sex will be male is approximately 51.22%.
Imagine that we will randomly record the sex outcome at birth for 25 future individual babies from the global population.
We will let random variable X stand for the total number of male births in our sample.
In this scenario, what is the numerical value of E(X)?
Round to one digit past the decimal point, and state just the number part of your answer (no units).
In this same scenario:
What is the numerical value of SD(X)?
Round to one digit past the decimal point, and state just the number part of your answer (no units).
In this same scenario:
What is the approximate value of P(X≤11) ?
Write your answer as a percentage value, and round to three digits after the decimal point. Include a percent symbol after your answer (no spaces).
In this same scenario:
What is the approximate value of P(X>11) ?
Write your answer as a percentage value, and round to three digits after the decimal point. Include a percent symbol after your answer (no spaces).
In: Statistics and Probability
Proocess Costing
Instructions: Using the following data, complete the requirements given below. When you are given amounts to assume as the answers to previous requirements, be careful to use such assumed amounts rather than your answers (in order to minimize carrythrough errors).
The Finishing Department of Curtis Corporation reports the following for January 2011:
Production: All materials are added at the beginning of the process. Beginning work in process 20,000 units, 60% complete. Units started into production 240,000 units. Ending work in process 10,000 units, 30% complete.
Manufacturing Costs: Beginning work in process, $40,000, comprised of $15,000 of materials and $25,000 of conversion costs. Materials added $160,000; labor and overhead added $465,000.
(a) Required: Compute equivalent units of production for (1) materials and (2) conversion costs.
(b) Assume your answers to (a) above were 250,000 units for materials and 245,000 for conversion costs. Required: Compute the unit costs for the month.
(c) Assume your answers to (b) above were $.90 for materials and $2.10 for conversion costs. Required: Determine the costs to be assigned to the 240,000 units transferred out.
(d) Assume the same unit costs as given in (c) above. Required: Determine the costs assigned to the 10,000 units in ending work in process.
In: Accounting
read the article “Ethics In Accounting: The Consequences Of The Enron Scandal.” This article is part of the readings for the week and can be found through the DeVry online library. Let’s point fingers for a minute. Who is to blame for Enron? The executives? The Board of Directors? The auditors? Tell us what you think
In: Accounting
What are viruses composed of? How do they differ from cellular life? What is their basic life cycle? Describe lytic and lysogenic cycles in bacteriophages. What are three hypotheses about how viruses originated?
In: Biology
Using an excel spreadsheet to present your work, calculate the projected revenue collected from federal income taxes, state income taxes, and the local payroll tax for FY 2014 and prepare a revenue estimate for the City of Newark’s Public School System for FY 2015 based on the following information. Assume that no other deductions came from the employee’s salary other than what is listed here. Hint: New employees are not eligible for raises, which are based on performance from the previous fiscal year. (See Table below for format. You are to prepare two spreadsheets (projected revenue and revenue estimate))...Show formulas for calcualtions
FY 2014 Facts:
1 The school system currently has 34 fulltime employees. There is one superintendent, two principals, three janitors, ten kitchen staff, and eighteen teachers (including coaches).
The superintendent has a salary of $95,000
Each principal has a salary of $70,000
Four of the teachers (Teacher A) had salaries of $55,000; six teachers (Teacher B) had salaries of $45,000 and six teachers (Teacher C) had salaries of $40,000
The remaining two teachers (A Level) are also coaches. The football coach receives and additional $5,000 in salary and the basketball coach receives and additional $7,000 in salary each year.
Mrs. Jones manages the kitchen. Her FY 2014 salary was $45,000
The remaining kitchen staff made $28,000 each in FY 2014
The three janitors made $25,000 each in FY 2014
Use these federal income tax rates: $0  $8,700.99 = 10%; $8,701  $35350.99 = 15%; $35,351  $85,650.99 = 25%; $85,651  $178,650.99 = 28%; $178,651  $388,350.99 = 33%; >$388,351 = 35%. The tax rates were the same in FY 2014 and FY 2015.
The state income tax rate is 4% for the first $3,000 of employee salary and 5.5% on everything above that amount. The rate is the same in both years.
The local payroll tax is 1.75% in FY 2014 and 1.85% in FY 2015.
FY 2015 Facts:
In FY 2015, the school system hired two more teachers at the Teacher D level. They will begin work in FY 2015 at a salary of $35,000.
In FY 2015, each school employee received a 5% raise except the principals and superintendents. They received a 2% raise. Note, new employees, do not receive a raise.
Position Description # in Grade FY 2014 Salary Fed Inc. Tax State Inc. Tax Payroll Tax Total Taxes
Superintendent 1
Principal 2
Teacher (A) 4
Teacher (B) 6
Teacher (C) 6
Janitor 3
Kitchen Manager 1
Kitchen Staff 9
Football Coach 1
Basket Ball Coach 1
Total 34
In: Accounting
ou have been asked to prepare a worksheet for trainees about the Hague Visby Rules Exceptions to Liability. a) Explain, with examples, how FIVE of the 17 exceptions build upon the common law exceptions applicable to every carriage. b) Briefly analyze the situations under which a carrier will not be able to rely on a listed exception.
In: Operations Management
In six packages of "The Flintstones® Real Fruit Snacks" there
were five BamBam snack pieces. The total number of snack pieces in
the six bags was 61. We wish to calculate a 96% confidence interval
for the population proportion of BamBam snack pieces.
Part (a)
Define the random variables X and P' in words.X is the proportion of BamBam snacks in a sample of 61 snack pieces. P' is the proportion of BamBam pieces in a bag of snacks.X is the proportion of BamBam snacks in a bag of snacks. P' is the proportion of BamBam pieces in a sample of 61 snack pieces. X is the number of BamBam snacks in a sample of 61 snack pieces. P' is the proportion of BamBam pieces in a bag of snacks.X is the number of BamBam snacks in a bag of snacks. P' is the number of BamBam pieces in a sample of 61 snack pieces.
Part (b)
Which distribution should you use for this problem? (Enter your answer in the form z or t_{df} where df is the degrees of freedom.)npq 
Part (c)
Calculate p'. (Round your answer to three decimal places.)p' =
Part (d)
Construct a 96% confidence interval for the population proportion of BamBam snack pieces per bag. (Round your answers to three decimal places.)(i) State the confidence interval.
CL = 




Part (e)
In: Statistics and Probability
4) A medical researcher is interested in knowing what percentage of the U.S. population has a certain gene.
The researcher collect a random sample of 515 people from across the country, and tests them for the gene. The gene was present in 78 of the 515 people tested.
a) Find a 90% confidence interval for the true proportion of people in the U.S. with the gene.
b) Provide the margin of error of the interval as your answer.
Round your answer to 4 decimal places.
In: Statistics and Probability
Read the article “Ethics In Accounting.” This article is part of the readings for the week and can be found through the DeVry online library. The first sentence of the article says “Ethics in Accounting is one of the most important, yet most misunderstood, concerns in the world of business today.” Do you agree or disagree with this statement?
In: Accounting
If n = 15, ¯ x = 30, and s = 10, construct a confidence interval at a 95% confidence level. Assume the data came from a normally distributed population. Give your answers to three decimal places.
answer ___ < μμ < ____ answer
In: Statistics and Probability
3. The marine fauna on the Atlantic and Pacific sides of the Isthmus of Panama includes a broad range and large number of closely related species pairs. Name the model of speciation responsible for this pattern and explain its main features and how it differs from allopatric speciation by peripheral isolation. please explain in deep details and clear
In: Biology