Solution :
Assets = Liabilities + Paid in capital + retained earnings
1. $ 300,000 $ 300,000
2. $ 30,000 $ 30,000
3. $ 90,000 $ 90,000
4. $ 50,000 $ 50,000
5. $ 5,000 $ 5,000
6. $ 6,000 $ 6,000
7. $ 70,000 $ 70,000
8. --
9. $ 1,000 $ 1,000
Point 4 -- the accounts receivable will increase by $ 120,000 due to the credit sales and the cost of goods sold.
Point 6 -- Adjustments entry at the year end for 3 months from January to March 2022 should be reduced from both assets and retained earnings and the adjusted amount would be $ 4500.
Point 8 -- No impact as the cash is collected against the account receivable and both are assets.
Marvin had the following transactions: Salary $50,000 Interest on City of Chicago bonds $250 Bank loan (proceed to buy personal auto) $10,000 Alimony payment to ex-wife (Divorce was finalized in 2018) $12,000 Child support payment $6,000 Gift received from aunt $20,000 Marvin's AGI is: A. $32,000 B. $38,000 C. $44,000 D. $56,000 E. $64,000
Answer:
B. $38,000
Explanation:
Calculation for Marvin's AGI
Salary $50,000
Less Alimony payment to ex-wife $12,000
AIG $38,000
($50,000-$12,000)
Therefore Marvin's AGI is $38,000
In recent years, the world demand curve for copper shifted rightward due to continued economic growth in China and other emerging economies. Also, the costs of extracting the copper increased due to higher energy prices. As a result, we observed:
Answer:
With this combination of events, we can expect to observe higher equilibrium copper prices.
Explanation:
The reasons is that there are two economic forces pushing the market-clearing price upwards: the economic growth in China shifting the demand curve rightwards, and the higher production costs raising the supply curve.
Because of the higher production costs, firms will have to raise the selling price of copper, and at the same time, the higher demand from China will prevent any fall in demand due to the higher prices, actually driving the price even higher.
Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ 2,430 Direct labor-hours 70 labor-hours Direct labor wage rate $ 20 per labor-hour Machine-hours 134 machine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $21 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:
Answer:
6644
Explanation:if u do the math whith your numbers you should get the answer
Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting information remained in the office files:
Cost of goods sold $88,250
Work in process inventory, January 1, 2016 21,800
Work in process inventory, December 31, 2016 17,250
Selling and Administrative Expenses 20,400
Net Income 35,500
Factory overhead 21,650
Direct materials inventory, January 1, 2016 28,200
Direct materials inventory, December 31, 2016 15,375
Cost of goods manufactured 107,350
Finished goods inventory, January 1, 2016 35,675
Direct labor cost incurred during the period amounted to 2.5 times the factory overhead. The CFO of Tierney Construction, Inc. has asked you to recalculate the following accounts and to report to him by the end of tomorrow.
What should be the amount in the finished goods inventory at December 31, 2016?
Answer:
$54,775
Explanation:
The computation of the finished goods inventory is shown below:
As we know that
Cost of Goods sold = Cost of goods manufactured + Opening stock of Finished goods - Closing stock of Finished goods
Now
Ending Stock of Finished goods = Cost of goods manufactured + Opening stock of Finished goods - Cost of Goods sold
So,
Ending Stock of Finished goods is
= $107,350 + $35,675 - $88,250
= $54,775
2. Damaged batteries need to be placed in an acld-resistant container or tub Immediately.
A) True
B) False
Yes, Damaged or broken batteries need to be placed in an acid-resistant container.
Batteries are hazardous items that require specific handling and care while being stored, disposed of, and so on.If necessary, temporarily store the battery or gadget in a non-flammable material such as soil or kitty litter.Learn more:
https://brainly.com/question/19937973?referrer=searchResults
Sandier company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100 shares common stock on the open market. On July 1, the company sold 50 of these shares at $52 per share. Then, on August 1, the company sold remaining 50 shares at $46 per share. Complete the journal entry for the sale of the treasury stock on July 1.
Answer:
July 1
Debit : Treasury Stock (50 shares x $52) $2,600
Credit: Cash (50 shares x $52) $2,600
Explanation:
Purchase of Company`s own shares is known as Treasury Stock this purchase is done at cost.
The Sale however is done at the selling prices on the respective sales dates and number of shares. This sale results in Cash increase and Decrease in Treasury Stock as shown above for July 1 Sale.
Matrix management creates an environment in which the unity-of-command principle is strictly followed. is a collection of independent, mostly single-function firms that collaborate to produce a good or service. is composed of dual reporting relationships in which some employees report to two superiors. involves holding employees together by contracts that stipulate results expected, rather than by hierarchy and authority. results in a centralized decision-making system.
Answer:
Matrix management
is composed of dual reporting relationships in which some employees report to two superiors.
Explanation:
Matrix management is a cross-functional work team in which there is dual or multiple management accountability and responsibility. Team members come from different units to achieve a specific business goal or purpose. It is characterized by two chains of command. One chain of command is functional, and the other chain of command is patterned along project, product, client, and other lines.
____________________ will not cause a shift of the AS curve in a Keynesian framework.
Answer:
C. Changes in output prices
Explanation:
Keynesian economics is a theory that deals in macroeconomics and its impact on the output, employment, inflation, etc, In this it give rise to the government expenditure and less taxes in order to stimulate the demand and pull out the global economy
If there is any changes with respect to the output prices so the shift of the AS curve would not be resulted
So the option c is correct
The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods inventory in units 0 Units produced 7,800 Units sold 5,500 Sales $ 1,100,000 Materials cost $ 156,000 Variable conversion cost used $ 78,000 Fixed manufacturing cost $ 702,000 Indirect operating costs (fixed) $ 110,000 The absorption costing operating income is:
Answer:
See below
Explanation:
Material cost
$156,000
Add:
Variable conversion cost used
$78,000
Add:
Fixed manufacturing cost
$702,000
Total manufacturing cost
$936,000
Unit product cost
= Total manufacturing cost / Units produced
= $936,000/7,800
= $120
Ending inventory in unit produced
= Units produced - Units sold
= 7,800 - 5,500
= 2,300 units
Ending inventory under absorption costing
= 2,300 units × $120
= $276,000
Bearcat Construction begins operations in March and has the following transactions.
March 1 Issue common stock for $11,000.
March 5 Obtain $7,000 loan from the bank by signing a note.
March 10 Purchase construction equipment for $15,000 cash.
March 15 Purchase advertising for the current month for $1,200 cash.
March 22 Provide construction services for $16,000 on account.
March 27 Receive $11,000 cash on account from March 22 services.
March 28 Pay salaries for the current month of $4,000.
Required:
Record each transaction. Bearcat uses the following accounts:
Cash,
Accounts Receivable,
Notes Payable,
Common Stock,
Service Revenue,
Advertising Expense, and Salaries Expense.
Answer:
Date Account Titles & Explanations Debit Credit
1 Mar Cash $11,000
Common stock $11,000
(Issue of common stock)
5 Mar Cash $7,000
Notes payable $7,000
(Issue of notes payable recorded)
10 Mar Equipment $15,000
Cash $15,000
(Purchase of equipment recorded)
15 Mar Advertising expenses $1,200
Cash $1,200
(Advertising expenses recorded)
22 Mar Account receivables $16,000
Service revenue $16,000
(Service revenue recorded)
27 Mar Cash $11,000
Account receivable $11,000
(Cash receipt for customers recorded)
28 Mar Salaries expenses $4,000
Cash $4,000
(Salaries expenses recorded)
(01.02 MC)
Economics is defined as a study of the (5 points)
a
properties of money
Ob
ways people obtain their wants with limited resources
Ос
ways businesses and government operates
Od
best ways to increase the profits of a company
Answer:Ob
---ways people obtain their wants with limited resources
Explanation:
Economics as defined by Lionel Robbins is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses.
The economy generally is filled with people having unlimited wants but the resources( land, labour, capital and enterpreneur) to satisfying these wants are Limited and scarce . Economics studies how the society (government and businesses)use these scarce resources to satisfy or meet its unlimited wants by providing variety of goods and services from the scarce resources so that people can have choices to choose from in satisfying their limitless wants in order of preferences.
Answer:
b: ways people obtain their wants with limited resources
Explanation:
is proud to work for a company with a strong __________ because he knows the organization supports ethical behavior.
Answer:
Ethical climate.
Explanation:
An ethical climate can be defined as a collection of behaviors that are considered to be acceptable and correct within an organization or business firm. Also, an ethical climate provides the human resources management of an organization with a framework or benchmark on how employee behavioral issues or ethical problems are to be managed or handled within the organization.
Thus, an organization with a strong ethical climate is generally considered to have an effective, conducive, just and optimum working standards for its employees and as such would significantly increase employee trust and commitment.
Hence, we can easily say Epicgible is proud to work for a company with a strong ethical climate because he knows the organization supports ethical behavior.
Prepare the Income Statement from the Adjusted Trial Balance. Within each section of the statement, use the drop-down menus to enter the accounts and select the account balances. SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 14,000 Accounts Receivable 7,700 Office Supplies 100 Prepaid Rent 9,300 Furniture 16,300 Accumulated Depreciation--Furniture 5,600 Accounts Payable 1,800 Salaries Payable 400 Interest Payable 200 Unearned Revenue 4,600 Notes Payable 6,500 Common Stock 9,100 Retained Earnings 9,300 Dividends 23,900 Service Revenue 42,500 Depreciation Expense--Furniture 1,800 Interest Expense 200 Rent Expense 2,800 Salaries Expense 3,200 Supplies Expense 700 Total 80,000 80,000 Revenue: Expenses:
Answer:
Smart Touch Learning
SMART TOUCH LEARNING Income Statement December 31, 2016
Service Revenue 42,500
Depreciation Expense--Furniture 1,800
Interest Expense 200
Rent Expense 2,800
Salaries Expense 3,200
Supplies Expense 700
Total Expenses 8,700
Net Income $33,800
Explanation:
a) Data and Calculations:
SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit
Cash 14,000
Accounts Receivable 7,700
Office Supplies 100
Prepaid Rent 9,300
Furniture 16,300
Accumulated Depreciation--Furniture 5,600
Accounts Payable 1,800
Salaries Payable 400
Interest Payable 200
Unearned Revenue 4,600
Notes Payable 6,500
Common Stock 9,100
Retained Earnings 9,300
Dividends 23,900
Service Revenue 42,500
Depreciation Expense--Furniture 1,800
Interest Expense 200
Rent Expense 2,800
Salaries Expense 3,200
Supplies Expense 700
Total 80,000 80,000
b) The income statement of Smart Touch Learning shows the difference between its revenue and expenses for a given accounting period. It is used to determine the net income that the company has generated over a particular period.
preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $1.70 per direct labor-hour; the budgeted fixed manufacturing overhead is $116,000 per month, of which $30,000 is factory depreciation. If the budgeted direct labor time for December is 4,000 hours, then the predetermined manufacturing overhead per direct labor-hour for December would be:
Problem 3-3 (Algo) A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 46 percent of capacity; actual usage was 52 percent of capacity. A smoothing constant of .10 is used. a. Prepare a forecast for September. (Round your final answer to 2 decimal places.) b. Assuming actual September usage of 53 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.)
Answer:
A.Forecast for September=46.9
B. Forecast for October usage=47.51
Explanation:
a) preparation of the forecast for September
Forecast for September= 46 + .10 (52 − 43)
Forecast for September=46+.10(9)
Forecast for September=46+0.9
Forecast for September=46.9
Therefore Forecast for September will be 46.9
b) Preparation of the forecast for October usage
Forecast for October usage=46.9 + .10 (53-46.9)
Forecast for October usage=46.9+.10(6.1)
Forecast for October usage=46.9+0.61
Forecast for October usage=47.51
Therefore Forecast for October usage will be 47.51
Tata Motors is an Indian multinational automotive company headquartered in Mumbai and a core member of the very successful Tata Group. India is a potentially enormous market, and Tata Motors is doing well in that market. How can Tata Motors use their core competencies in doing well in India as a way to also do well in exporting
Answer: Focused and intensive competency
Explanation:
TATA has made a name in India for being one of their largest automobile used there. To maintain and increase their market globally they have to be consistent with their competency in their product. Competency is what would make them gain more global market because they are already in some countries but how durable, efficient their vehicle's are is what would make it be referred by those using it. There other products in the market but competency would be the stand-out, making them exceptional.
Zugar Company is domiciled in a country whose currency is the dinar. Zugar begins 2017 with three assets: cash of 20,000 dinars, accounts receivable of 80,000 dinars, and land that cost 200,000 dinars when acquired on April 1, 2016. On January 1, 2017, Zugar has a 150,000 dinar note payable, and no other liabilities. On May 1, 2017, Zugar renders services to a customer for 120,000
dinars, which was immediately paid in cash. On June 1, 2017, Zugar incurred a 100,000 dinar operating expense, which was immediately paid in cash. No other transactions occurred during the year.
Currency exchange rates for 1 dinar follow:
April 1, 2016 . . . . .. . $0.33 = 1 dinar
January 1, 2017 . . . . .. . . 0.36 = 1
May 1, 2017 . . . . . . . . .. . . 0.37 = 1
June 1, 2017 . . . . . .. . . . . 0.39 = 1
December 31, 2017 . . . . . 0.41 = 1
a. Assume that Zugar is a foreign subsidiary of a U.S. multinational company that uses the U.S.
dollar as its reporting currency. Assume also that the dinar is the subsidiary’s functional currency. What is the translation adjustment for this subsidiary for the year 2017?
b. Assume that Zugar is a foreign subsidiary of a U.S. multinational company that uses the U.S.
dollar as its reporting currency. Assume also that the U.S. dollar is the subsidiary’s functional currency. What is the remeasurement gain or loss for 2017?
c. Assume that Zugar is a foreign subsidiary of a U.S. multinational company. On the December 31, 2017, balance sheet, what is the translated value of the Land account? On the December 31, 2017, balance sheet, what is the remeasured value of the Land account?
Legal forces are important external forces that international managers need to understand. They are developed at the national level, so international ventures should take care to build relationships with local-level lawyers. Identify each of the legal characteristics by matching where it is found to the correct characteristic.
a. U.S. Product Liability Law
b. EU Competition Law
c. US and EU
d. U.S. Tort Law
e. U.S. Competition Law
f. France
1. Per se application
2. Misuse of activity
3. Extraterritoriality
4. Trade obstacle, non-tariff
5. Strict liability
6. Punitive damages
Answer:
1. Per se application - US Competition law
Justification: It is a provision of US competition law
2. Misuse of activity - EU Competition law
Justification: It is a provision of EU competition law
3. Extraterritoriality - US and EU
Justification: It is a provision of US and EU antitrust and competition law
4. Trade obstacle, non-tariff - France
Justification: These are considered to be part of the France trade system
5. Strict liability - U.S. Tort Law
Justification: It is part of the U.S. Tort Law and depends on intent to harm liability
6. Punitive damages - U.S. Product Liability Law
Justification: It is a provision of U.S. Product Liability Law
Caradonna Company has 100,000 shares of $5 par common stock issued and outstanding as of January 1, year 8. The shares were originally issued for $22 per share. On February 3, year 8, Caradonna repurchased 5,000 shares at $19 per share for the purposes of retiring them. On April 10, year 8, Caradonna repurchased an additional 2,000 shares at $25 per share. No other transactions involving common stock occurred during the year. What will be the balance in additional paid in capital from retired stock as a result of those transactions?
Answer:
$9,000
Explanation:
Common Stock Add. Paid in Capital
Additional Paid in capital on $35,000 $119,000
issued of 7000 Shares (7,000*$5) (7,000*$17)
Total Amount collected in $119,000
additional paid in capital (A)
Repurchase 5000 Shares at $19 $25,000 $70,000
(5000*5) (5,000*14)
Repurchase 2000 Shares at $25 $10,000 $40,000
(2000*5) (2,000*20)
Total Amount Paid on Additional $110,000
Paid in capital (B)
Balance in Additional paid in Capital (A-B) $9,000
Interpersonal conflict between team members is most likely to surface and become contentious during the ________ phase of team development
Answer:
Storming
Explanation:
The storm stage is the team development phase where there is the greatest appearance of conflicts, due to the fact that in this phase there are divergences between team members in relation to their personality profiles, the role of each member on the team, team goals, etc.
This is a phase that can be problematic for the fulfillment of the team's objectives, if conflicts are not resolved there may be delays, team disruption, unproductiveness and other work-related conflicts, so it is recommended that communication be developed in this way in this phase. effective, where each member feels integrated and important for the success of working together.
Micro, Inc., started the year with net fixed assets of $75,675. At the end of the year, there was $97,225 in the same account, and the company's income statement showed depreciation expense of $13,555 for the year. What was the company's net capital spending for the year
Answer:
the net capital spending for the year is $35,105
Explanation:
The computation of the net capital spending for the year is given below:
Closing Balance $97,225
Add: Depreciation $13,555
Less: Opening Balance -$75,675
Assets Purchased $35,105
Hence the net capital spending for the year is $35,105
Help Me! I cant do this question and I am so confused!
Answer:
3,000
Explanation:
Divide 24,000 by 8
Answer:
It is B
Explanation:
3,000
Which part/phrase in the passage hints at a disadvantage that Gary suffers as a franchisee?
Gary entered a franchise contract with a manufacturing company a year back.
He has to sell the company's products under its trademark. He
has been learning the company's management techniques as per the contract.
He cannot pitch new ideas to his franchisor since the contract
restricts his creativity and independence.
He has to pay royalties and a small percentage of his sales revenue to the franchisor every month.
Answer:
I believe it is "He cannot pitch new ideas to his franchisor since the contract
restricts his creativity and independence." because he can't help his business grow when he can't make new ideas.
Answer:
2nd sentence
Explanation:
Market-share and market-size variances (continuation of 14-38). Miami Infonautics’ senior vice president of marketing prepared his budget at the beginning of the third quarter assuming a 25% market share based on total sales. Foolinstead Research estimated that the total handheld-organizer market would reach sales of 408,600 units worldwide in the third quarter. However, actual sales in the third quarter were 515,000 units.
1. Calculate the market share and market size variance for Miami Infaunotics int he third quarter of 2017.
2. Explain what happend on the market share and the market size variances.
3. Calculate the actual maket size in units that would that would let to market size variance.
Answer:
See below
Explanation:
1.
Actual Budget Inc(Dec)
Worldwide. $515,000 $408,600 $106,400
Miami infonautics $103,000 $102,150 $850
Market share 20% 25% 5%
Average contribution margin per unit
Actual = $114.82 [ $11,862,460 ÷ 103,000 units]
Budgeted = $115 [ $11,747,250 ÷ 102,150 units]
Market size. $515,000
Share gain (loss) -5%
Unit share gain (loss) ($25,750)
Budgeted composite contribution per unit $115
Market share gain(loss) ($2,961,250)
Market size vs Market budget $106,400
Budgeted market share 25%
Total $26,600
Budgeted composite contribution per unit $115
Market size variance $3,059,000
2.
Here, the actual market size of $515,000 units exceeded the budget size of 408,600 units, leading to a favorable market size variance.
3. With regards to the above, Miami infonautics share of the market fell 25% to 20%, but the substantially favorable market size variance exceeded the unfavorable market share variance resulting in a favorable sales quantity variance overall.
Sales quantity variance $97,250 F
= Market share variance
$2,961,250 U - Market size variance
$3,059,000 F
We covered various methods to identify the preferred alternative. For example, the rate-of-return (ROR) method states that the base alternative is the one that instructs us to use incremental analysis to compare the base alternative to the next smallest investment cost alternative. Meaning, if the change in IRR is greater than or equal to MARR, eliminate the base and move on to the next comparison. If the change in IRR is less than MARR, keep the base and move on to the next comparison. Discuss this decision rule.
Answer:
The rate of return (RoR) of an investment calculates the net gain or loss of the investment over a period of time. Then this gain or loss is expressed as a percentage of the investment's initial cost. This return of return can be calculated as either the Internal Rate of Return (IRR) or the Minimum Acceptable Rate of Return.
The decision rule is based on ascertaining the economic attractiveness of a project. The rule states that if the IRR exceeds the MARR, it shows that the investment is economic and beneficial. If the IRR is less than the MARR, the investment is not economically beneficial. When the IRR equals the MARR, it implies that the benefits from the investment equal the costs.
The purpose of this decision rule is to ensure that beneficial economic decisions are during investment planning.
Explanation:
The IRR (internal rate of return) of a project calculates the discount rate at which the net present value (NPV) of all cash flows from a project equals zero. The MARR (minimum acceptable rate of return) or the hurdle rate is the lowest rate of return that the project must earn to offset the investment costs of the project. Therefore, the rate of return is a determination of the percentage change in the value of the investment at the beginning of the period and at the end.
Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $30,400, (2) paid cash expenses of $13,800, and (3) paid a $2,100 cash dividend to its stockholders. These were the only events that affected the company during Year 1.
Required:
a. Record the effects of each accounting event under the appropriate general ledger account headings.
b. Prepare an income statement, statement of changes in stockholdersâ equity, and a balance sheet dated December 31, 2018, for Mijka Company.
Answer:
Mijka Company
a. Journal Entries
Debit Cash $30,400
Credit Service Revenue $30,400
To record the proceeds for services provided.
Debit Expenses $13,800
Credit Cash $13,800
To record the payment of cash for services.
Debit Dividend $2,100
Credit Cash $2,100
To record the payment of cash dividend.
b. Income Statement for the year ended December 31, 2018:
Service Revenue $30,400
Expenses 13,800
Net Income $16,600
Dividends (2,100)
Retained earnings $14,500
Statement of Changes in Stockholders' Equity as of December 31, 2018:
Retained Earnings $14,500
Balance Sheet as of December 31, 2018:
Assets:
Cash $14,500
Equity:
Retained Earnings $14,500
Explanation:
a) Data and Calculations:
Cash revenue $30,400
Cash expense (13,800)
Cash dividend (2,100)
Cash balance $14,500
The following information was taken from the accounting records of Eb8-L4z Company for the year ended December 31, 2027:
Patent $59,000
Cost of goods sold $46,000
Inventory $55,000
Retained earnings $42,000 (at January 1, 2027)
Service revenue $37,000
Notes payable . ?
Land $88,000
Accounts receivable . $73,000
Rental revenue . ?
Utilities payable . $21,000
Salaries expense . $51,000
Accounts payable . $62,000
Equipment . $60,000
Utilities expense . $91,000
Supplies . $31,000
Income tax expense . $18,000
Dividends . $25,000
Common stock . $13,000
Cash . $82,000
Required:
Calculate the amount of gross profit reported in Eb8-L4z Company' s 2027 income statement.
Answer:
Amount of Gross Profit reported in Eb8-L4z Company 2027 Income Statement is $45,000
Explanation:
Note: "Correct question is attached as picture below"
Particulars Amount
Sales revenue $91,000
Cost of goods sold $46,000
Gross Profit $45,000
A design engineer wants to construct a sample mean chart for controlling the service life of a halogen headlamp his company produces. He knows from numerous previous samples that this service life is normally distributed with a mean of 500 hours and a standard deviation of 20 hours. On three recent production batches, he tested service life on random samples of four headlamps, with these results: Sample SERVICE LIFE 49 525 470 500 515 480 505 500 505 513 460 470
1. What is the sample mean service life for sample 2?
A) 460 hours
B) 495 hours
C) 515 hours
D) 525 hours
2. What is the mean of the sampling distribution of sample means for whenever service life is in control?
A) 250 hours
B) 470 hours
C) 495 hours
D) 500 hours
E) 515 hours
3. If he uses upper and lower control limits of 520 and 480 hours, on what sample(s) (if any) does service life appear to be out of control?
A) sample 1
B) sample2
C) sample 3
D) both samples 2 and 3
E) all samples are in control
Answer:
1) 515 hours
2) 495 hours
3) Sample 3
Explanation:
As given,
Sample Service life
1 495 500 505 500
2 525 515 505 515
3 470 480 460 470
a.)
Sample mean service for sample 2 = [tex]\frac{525+515+505+515}{4} = \frac{2060}{4}[/tex] = 515
Correct option is C.
b.)
Mean of the sampling distribution = Average of all the samples
Average of sample 1 = [tex]\frac{495+500+505+500}{4} = \frac{2000}{4}[/tex] = 500
Average of sample 2 = [tex]\frac{525+515+505+515}{4} = \frac{2060}{4}[/tex] = 515
Average of sample 3 = [tex]\frac{470+480+460+470}{4} = \frac{1880}{4}[/tex]= 470
Now,
Mean of the sampling distribution = [tex]\frac{500+515+470}{3} = \frac{1485}{3}[/tex] = 495
Correct option is C.
c.)
For the sample to be in control, the Average has to be lie in between the upper and lower control limit
As
470 does not lie between 480 and 520
∴ we get
Sample 3 will be out of control.
Correct option is C.
g Congratulations, you've just won the $2,200,000 state lottery! The lottery commission offers you the choice of $98,000 per year for 30 years or a one-time, lump-sum payment of $880,000 If your intensions are to save all of the lottery winnings (regardless of annual cash flow or lump-sum) for retirement in an account that earns 3.00% annually, which payment option should you choose
Answer:
the choice of $98,000 per year for 30 years
Explanation:
To determine the option i would prefer, i have to find the present value of fiest opotion and compare it with the value of the second option.
To find the present value of the first option, the future value has to be determined first.
The formula for determining the future value of an annuity is :
The formula for calculating future value = A (B / r)
A = amount
B = annuity factor
r = interest rate
Annuity factor = {[(1+r)^n] - 1} / r
n = number of years
$98,000 x[ (1.03)^30 - 1 ] / 0.03 = $4,662,390.74
Now we determine the present value
PV = FV x ( 1+r)^-n
$4,662,390.74 x (1.03)^-30 = $1920,843.25
The payoff of the first option is greater than that of the second so i would choose the first
An outside supplier has offered to sell the component for $17. If Damon purchases the component from the outside supplier, the manufacturing facilities would be unused and could be rented out for $10,000. If Damon purchases the component from the supplier instead of manufacturing it, the effect on income would be:
Answer:
C. a $10,000 decrease.
Explanation:
Calculation for what the effect on income would be
First step is to calculate Make
Make=$100,000 + $160,000 + $60,000
Make = $320,000
Second step is to calculate Buy
Buy= $20,000 × $17 = $340,000 – $10,000
Buy = $330,000
Now let calculate the effect on income
Effect on income = $320,000 – $330,00
Effect on income = –$10,000 decrease
Therefore the effect on income would be –$10,000 decrease