Orange County Chrome Company manufactures three chrome-plated 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.

Q1. (CLO3) All techniques with NPV profile—Mutually exclusive projects Fitch Industries is in the process of choosing the better of two equal-risk, 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, end-of-year payments.

a. Calculate the annual, end-of-year 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.

Question 1

1. The governor of Kansas hired a research firm to conduct a survey to measure support for abolishing the death penalty among Kansas legislators. The firm contacted and interviewed all 125 members of the Kansas Legislature and concluded that 45% favored abolishing the death penalty and 55% opposed abolishing it. These results are:

		Descriptive statistics
		Inferential statistics
		Neither descriptive or inferential statistics
		There is no way to tell if these statistics are inferential or descriptive.

Question 2

1. The governor of Kansas hired a reseach firm to conduct a poll to measure support for abolishing the death penalty in Kansas. The firm interviewed 800 Kansas residents and concluded that 65% of Kansas residents favored abolishing the death penalty and 35% opposed abolishing it, with a margin of error of +/- 3%.   The variable in this research is at what level of measurement?

		Nominal
		Ordinal
		Interval-Ratio
		None of the above.

Question 3

1. The governor of Kansas hired a reseach firm to conduct a poll to measure support for abolishing the death penalty in Kansas. The firm interviewed 800 Kansas residents and concluded that 45% of Kansas residents favored abolishing the death penalty and 55% opposed it, with a margin of error of +/- 3%.   The best measure of central tendency to use for this variable is:

		Mode
		Median
		Mean
		None of the above.

Question 4

1. The manager of a large factory wanted to know how satisfied her employees were with the current health plan. She asked her research department to tell her what percentage of her employees were very satisfied, somewhat satisfied, somewhat dissatisfied or very dissatisfied with the current plan.  The research department drew a random sample of 300 employees and measured their opinions on the health plan. The results showed that 10% were very satisfied, 55% were somewhat satisfied, 35% were somewhat dissatisfied and none were very dissatisfied, with a margin of error of +/- 5.5%. These percentages are:

		Descriptive statistics
		Inferential statistics
		Neither descriptive or inferential statistics

Question 5

1. The manager of a factory wanted to know how satisfied her employees were with the current health plan. She asked each to mark on a piece of paper whether they were very satisfied, somewhat satisfied, somewhat dissatisfied or very dissatisfied with the current plan. All employees submitted their opinions. The results showed that 10% were very satisfied, 55% were somewhat satisfied, 35% were somewhat dissatisfied and none were very dissatisfied. These variable being measured here is at what level of measurement?

		Nominal
		Ordinal
		Interval-Ratio
		All of the above.

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?

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).

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 carry-through 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.

 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

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?

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 full-time 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

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 six packages of "The Flintstones® Real Fruit Snacks" there were five Bam-Bam 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 Bam-Bam snack pieces.

• Part (a)

  Define the random variables X and P' in words.

  X is the proportion of Bam-Bam snacks in a sample of 61 snack pieces. P' is the proportion of Bam-Bam pieces in a bag of snacks.X is the proportion of Bam-Bam snacks in a bag of snacks. P' is the proportion of Bam-Bam pieces in a sample of 61 snack pieces.     X is the number of Bam-Bam snacks in a sample of 61 snack pieces. P' is the proportion of Bam-Bam pieces in a bag of snacks.X is the number of Bam-Bam snacks in a bag of snacks. P' is the number of Bam-Bam 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.)
  
  Explain your choice.The Student's t-distribution should be used because

  npq

  ≤ 10, which implies a small sample.The binomial distribution should be used because the two outcomes are "Bam-Bam" and "Not Bam-Bam".     The standard normal distribution should be used because we are interested in proportions.The Student's t-distribution should be used because we do not know the standard deviation.

• Part (c)

  Calculate p'. (Round your answer to three decimal places.)

  p' =

• Part (d)

  Construct a 96% confidence interval for the population proportion of Bam-Bam snack pieces per bag. (Round your answers to three decimal places.)(i) State the confidence interval.   ,  
  
  (ii) Sketch the graph.

  	CL =
  α 2 =		α 2 =

  
  
  (iii) Calculate the error bound.

• Part (e)

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.

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?

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

1. (i) Explain why it is important to assign individuals to species. (ii) What is a species concept? (iii) Name and formally define one species concept. (iv) Explain ONE of the weaknesses associated with the concept named in (iii). Critically discuss the question of what is a species. please explain in details and clear

2. (i) What is sudden speciation? Describe, using a specific example, the process of sudden speciation. (ii) What is ecological speciation? Describe, using a specific example, the process of ecological speciation. please explain in details and clear

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