A u.s navy recruiting center knows from past experience that the height of its recruits traditionally been distributed with mean 69 inches. The recruiting center wants to test the claim that the average height of this year's recruits is greater than 69 inches. To do so recruiting personnel to take a random sample of 64 recruits from this year and recorded their heights.
a. identify the null and alternate hypothesis.
b. Do the recruiters find support form the given claim at the 5% significance level.
c. Use sample date to calculate a 95% confidence interval for the average height .conclude?
Recruit Height
1 74.5
2 74.0
3 74.6
4 69.8
5 76.0
6 72.3
7 66.0
8 70.6
9 71.9
10 71.4
11 70.6
12 73.9
13 69.3
14 75.3
15 71.5
16 65.5
17 60.5
18 71.9
19 70.7
20 70.6
21 73.4
22 72.1
23 69.3
24 74.7
25 68.5
26 70.5
27 70.0
28 69.9
29 71.7
30 73.0
31 68.8
32 75.0
33 67.5
34 71.3
35 69.5
36 65.3
37 74.8
38 70.5
39 71.5
40 67.6
41 69.1
42 72.1
43 72.8
44 68.3
45 71.8
46 67.1
47 72.3
48 70.7
49 70.4
50 69.1
51 70.8
52 71.6
53 73.6
54 64.8
55 68.5
56 68.5
57 74.3
58 66.5
59 74.8
60 74.1
61 71.6
62 66.3
63 67.1
64 71.7

Answers

Answer 1

Answer:

A)The Null hypothesis ; H0 : u ≤ 69

The Alternate hypothesis ; H1 : u ≥ 69

B) The recruiting center claim is found at 5% significance level

C) ( 69.9488, 71.4512 )

Explanation:

A) Identify the null and alternate hypothesis

since the recruiting center is trying to test if the average height of the year's recruit is > 69.  hence

The Null hypothesis ; H0 : u ≤ 69

The Alternate hypothesis ; H1 : u ≥ 69

B) Determine if the recruiters find support from the given claim at the 5% significance level

 As a single tailed test we will calculate the mean and standard deviation first using MS excel

 mean ( X ) = 70.7

 standard deviation ( s ) = 3.02

next we will calculate the test statistic using the formula below

 t = [tex]\frac{X-u}{s/\sqrt{n} }[/tex]   = [tex]\frac{70.7-69}{3.02/\sqrt{64} }[/tex]   = 4.503

next we will determine the P-value using MS excel

t = 4.503 , n = 64

df ( degree of freedom ) = n - 1   ( for a one tailed test )

                                        = 64 - 1 = 63

hence the p-value at 63 degree of freedom = 0.0000148 ( using MS excel )

The p - value < significance level  hence Null hypothesis is rejected while Alternate hypothesis is accepted.

The recruiting center claim is valid at 5% significance level

C)  using sample data to calculate a 95% confidence interval for the average

The 95% confidence interval for the mean value u = ( 69.9488, 71.4512 )

Therefore The claim made is a reasonable one

attached below is a detailed solution

A U.s Navy Recruiting Center Knows From Past Experience That The Height Of Its Recruits Traditionally

Related Questions

Karen is a trusted employee whose productivity declines as she works more and more hours each day. After careful observation of her work performance, her manager prepared the following chart. Daily Number of Hours Worked by Karen / Total Numbers of Work Units Completed 1/100 2/190 3/270 4/340 5/400 6/450 7/480 8/500 Karen's total cost to the firm is $11 per hour. Each work unit completed is worth $0.21 to the firm. Ignoring all other possibilities and considerations, for how many hours should the firm hire Karen per day

Answers

Answer:

5 hours

Explanation:

Total Cost  = A x $11 per hr

Worth for the Firm = Number of units produced * Worth per unit

Benefit = D - C

Hours   Units Produced    Total Cost    Worth for the Firm    Benefit

1                   100                        11                      21.00                    10.00

2                  190                        22                    39.90                    17.90

3                  270                       33                     56.70                    23.70

4                  340                       44                     71.40                     27.40

5                  400                       55                    84.00                    29.00  (More benefit)

6                  450                       66                    94.50                    28.50

7                  480                         77                    100.80                   23.80

8                  500                        88                    105.00                   17.00

Mr. Smith decides to feed his pet Doberman pinscher a combination of two dog foods. Each can of brand A contains units of​ protein, 1 unit of​ carbohydrates, and 2 units of fat and costs cents. Each can of brand B contains 1 unit of​ protein, 1 unit of​ carbohydrates, and units of fat and costs cents. Mr. Smith feels that each day his dog should have at least units of​ protein, units of​ carbohydrates, and units of fat. How many cans of each dog food should he give to his dog each day to provide the minimum requirements at the least​ cost? Mr. Smith should give his dog nothing ​can(s) of brand A and nothing ​can(s) of brand B to provide the minimum requirements at the least cost.

Answers

Answer:

hello your question is incomplete below is the complete question

Mr. Smith decides to feed his pet Doberman pinscher a combination of two dog foods. Each can of brand A contains 3 units of protein, 1 unit of carbohydrates, and 2 units of fat and costs 80 cents. Each can of brand B contains 1 unit of protein, 1 unit of carbohydrates, and 6 units of fat and costs 50 cents. Mr. Smith feels that each day his dog should have at least 6 units of protein, 4 units of carbohydrates, and 12 units of fat. How many cans of each dog food should he give to his dog each day to provide the minimum requirements at the least cost? *Mr. Smith should give his dog ___ can(s) of brand A and ___ can(s) of brand B

answer : 1.5 cans of brand A and 1.5 cans of brand B

Explanation:

Food A contains :

3 units of protein , 1 unit of carbohydrates, 2 units of fat

cost of food A = 80 cents

Food B contains :

1 unit of protein , 1 unit of carbohydrates, 6 units of fat

cost of food B = 50 cents

minimum ingredients required in the dog food daily

6 units of protein , 4 units of carbohydrates, 12 units of fat

In order to achieve the minimum/least cost of 195 cent. Mr. smith should give his dog 1.5 cans of Brand A and 1.5 can of brand B

attached below is the detailed solution

The following events took place at a manufacturing company for the current year:

a. Purchased $95,900 in direct materials.
b. Incurred labor costs as follows:

1. direct, $56,900
2. indirect, $14,500.

c. Other manufacturing overhead was $107,900, excluding indirect labor.
d. Transferred 80% of the materials to the manufacturing assembly line.
e. Completed 65% of the Work-in-Process during the year.
f. Sold 85% of the completed goods.
g. There were no beginning inventories.

Required:
What is the value of the ending Work-in-Process Inventory?

Answers

Answer:

The ending Work-in-Process Inventory is:

= $89,600.

Explanation:

a) Data and Calculations:

Purchases of direct materials =    $95,900

Materials used (80% of $95,900) $76,720

Direct labor incurred =                    56,900

Overhead costs:

Indirect labor incurred =   14,500

Other overhead costs    107,900 122,400

Total production costs              $256,020

Cost of goods completed =          166,413

Ending Work in Process =          $89,607

Cost of goods completed =                     $166,413

Cost of goods sold = 85% of $166,413 = $141,451

Ending Finished goods inventory =        $24,962

Home Remodeling Inc. recently obtained a short-term bank loan from City National Bank. The bank required that certain credit information and pro forma financial statements be maintained through the life of the loan. In order to prepare the pro forma statements, Home Remodeling must forecast total overhead cost. The actual machine hours and overhead cost are presented below for the past six months. Month Overhead Cost Machine Hours January $ 3,320 1,340 February 3,620 1,460 March 3,056 1,220 April 3,350 1,300 May 3,450 1,300 June 3,580 1,370 Using the high-low method, unit variable overhead cost is calculated to be:

Answers

Answer:

Home Remodeling Inc.

Using the high-low method, the unit variable overhead cost is calculated to be:

= $2.35 per machine hour.

Explanation:

a) Data and Calculations:

Month     Overhead Cost     Machine Hours

January        $ 3,320               1,340

February         3,620               1,460

March             3,056               1,220

April                3,350               1,300

May                3,450                1,300

June              3,580                 1,370

Highest = February       $3,620               1,460

Lowest =  March           $3,056               1,220

Difference =                    $ 564                 240

Variable cost = $564/240 = $2.35

Using the February data, the fixed cost:

Variable cost = $2.35 * 1,460 = $3,431

Fixed cost = $3,620 - $3,431 = $189

Job Costs Using a Plantwide Overhead Rate Naranjo Company designs industrial prototypes for outside companies. Budgeted overhead for the year was $437,500, and budgeted direct labor hours were 25,000. The average wage rate for direct labor is expected to be $35 per hour. During June, Naranjo Company worked on four jobs. Data relating to these four jobs follow: Job 39 Job 40 Job 41 Job 42 Beginning balance $25,100 $35,500 $16,500 $0 Materials requisitioned 20,000 23,400 8,800 13,800 Direct labor cost 11,100 20,500 3,450 4,700 Overhead is assigned as a percentage of direct labor cost. During June, Jobs 39 and 40 were completed; Job 39 was sold at 115 percent of cost. (Naranjo had originally developed Job 40 to order for a customer; however, that customer was near bankruptcy and the chance of Naranjo being paid was growing dimmer. Naranjo decided to hold Job 40 in inventory while the customer worked out its financial difficulties. Job 40 is the only job in Finished Goods Inventory.) Jobs 41 and 42 remain unfinished at the end of the month. Required: 1. Calculate the balance in Work in Process as of June 30. $fill in the blank 1 2. Calculate the balance in Finished Goods as of June 30. $fill in the blank 2 3. Calculate the cost of goods sold for June. $fill in the blank 3 4. Calculate the price charged for Job 39. Round your answer to the nearest cent. $fill in the blank 4 5. What if the customer for Job 40 was able to pay for the job by June 30

Answers

Answer:

Naranjo Company

1. Balance in Work in Process as of June 30:

= $51,325

2. Balance in Finished Goods as of June 30:

= $89,650

3. Cost of goods sold for June:

= $61,750

4. Price charged for Job 39

= $71,012.50 ($61,750 * 115%)

5. If the customer for Job 40 was able to pay for the job by June 30, there will be zero balance in the Finished Goods Inventory while the cost of goods sold will increase to $151,400.

Explanation:

a) Data and Calculations:

Budgeted overhead for the year = $437,500

Budgeted direct labor hours = 25,000

Average wage rate for direct labor = $35

Budgeted direct labor costs = $875,000 (25,000*$35)

                                      Job 39      Job 40       Job 41       Job 42   Total

Beginning balance       $25,100    $35,500     $16,500      $0         $77,100

Materials requisitioned 20,000      23,400         8,800    13,800      66,000

Direct labor cost              11,100       20,500        3,450      4,700      39,750

Overhead cost                5,550        10,250         1,725      2,350       19,875

Total costs                   $61,750     $89,650    $30,475 $20,850 $202,725

Overhead Rate based on a percentage of direct labor

= Estimated overhead /Budgeted direct labor cost * 100

= $437,500/$875,000 * 100 = 50%

Balance in Work in Process as of June 30:

Job 41  $30,475

Job 42 $20,850

Total     $51,325

Edison Corporation's variable manufacturing overhead rate is $5.00 per direct labor-hour. Total budgeted fixed overhead is $25,000 per month. The $25,000 per month includes $7,000 in depreciation expense. Total budgeted direct labor-hours for the month of July is 20,000. Budgeted cash disbursements for manufacturing overhead for July equals ______. Multiple choice question. $125,000 $132,000 $118,000 $100,000

Answers

Answer:

$118,000

Explanation:

Calculation for what the Budgeted cash disbursements for manufacturing overhead for July equals

Using this formula

Budgeted cash disbursement for manufacturing overhead for July=Variable overhead+Fixed overhead-Non-cash depreciation expenses

Let plug in the formula

Budgeted cash disbursement for manufacturing overhead for July=(20,000 x 5.00) + 25,000 – 7,000

Budgeted cash disbursement for manufacturing overhead for July=100,000+ 25,000 – 7,000

Budgeted cash disbursement for manufacturing overhead for July=$118,000

Therefore the Budgeted cash disbursements for manufacturing overhead for July equals $118,000

38. Mary Catherine, an international student from Ireland, has a Form W-2 that shows amounts withheld for Social Security and Medicare taxes. Mary Catherine is an F-1 student who first arrived in the U.S. in 2018. What form should Mary Catherine use to claim a refund of her Social Security and Medicare taxes withheld

Answers

Answer: Form 843

Explanation:

As a taxpayer, Mary can use Form 843 to claim a refund of her Social Security taxes. First she tried to obtain the refund through her employer and should this fail, she should fill out a form 843 and submit it to get help on the claim.

The form can also be used to get an abatement on FUTA taxes as well as a refund of interest, penalties, or additions to taxes.

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover Total Sales $ 112,000 $ 56,000 $ 168,000 Variable expenses 34,600 7,400 42,000 Contribution margin $ 77,400 $ 48,600 126,000 Fixed expenses 86,850 Net operating income $ 39,150 Required: 1. What is the overall contribution margin (CM) ratio for the company

Answers

The overall contribution margin ratio can be computed as follows:

Overall CM ratio = Total contribution margin/Total sales

= $141,600/177000= 80%

An office manager has received a report from a consultant that includes a section on equipment replacement. The report indicates that scanners have a service life that is normally distributed with a mean of 41 months and a standard deviation of 4 months. On the basis of this information, determine the percentage of scanners that can be expected to fail in the following time periods:
a. Before 38 months of service
b. Between 40 and 45 months of service
c. Within ± 2 months of the mean life

Answers

Answer:

a) 22.663%

b) 44%

c) 38.3%

Explanation:

An office manager has received a report from a consultant that includes a section on equipment replacement. The report indicates that scanners have a service life that is normally distributed with a mean of 41 months and a standard deviation of 4 months. On the basis of this information, determine the percentage of scanners that can be expected to fail in the following time periods:

We solve the above question using z score formula

z = (x-μ)/σ, where

x is the raw score

μ is the population mean = 41 months

σ is the population standard deviation = 4 months

a. Before 38 months of service

Before in z score score means less than 38 months

Hence,

z = 38 - 41/4

z = -0.75

Probability value from Z-Table:

P(x<38) = 0.22663

Converting to percentage = 0.22663 × 100

= 22.663%

b. Between 40 and 45 months of service

For x = 40 months

z = 40 - 41/4

z = -0.2

Probability value from Z-Table:

P(x = 40) = 0.40129

For x = 45

z = 45 - 41/4

z = 1

Probability value from Z-Table:

P(x = 45) = 0.84134

Between 40 and 45 months of service

= 0.84134 - 0.40129

= 0.44005

Converting to Percentage

= 0.44005 × 100

= 44.005%

= 44%

c. Within ± 2 months of the mean life

+ 2 months = 41 months + 2 months

= 43 months

- 2 months = 41 months - 2 months

= 39 months

For x = 43

z = 43 - 41 /4

z = 0.5

P-value from Z-Table:

P(x = 43) = 0.69146

For x = 39

z = 39 - 41/4

z = -2/4

z = -0.5

Probability value from Z-Table:

P(x = 39) = 0.30854

Within ± 2 months of the mean life

= 0.69146 - 0.30854

= 0.38292

= 38.3%

Text written for advertising and marketing campaigns is referred to as o content. context O copy o collateral​

Answers

Answer:

always be it and never fail

Explanation:

When Disney acquired Marvel Comics on August 31, 2009, for $4.24 billion, management needed to determine whether there were opportunities to strengthen the business and leverage cross-business value-chain relationships, which would include all of the following potential opportunities, except Group of answer choices transferring valuable resources and capabilities from one business to another. sharing the use of powerful and well-respected brand names across multiple businesses. retaining cultural independence of the businesses, individual brands and operating differences encouraging knowledge-sharing and collaborative activity among the businesses. combining related value-chain activities of different businesses to achieve lower costs.

Answers

Answer:

retaining cultural independence of the businesses, individual brands and operating differences encouraging knowledge-sharing and collaborative activity among the businesses.

Explanation:

When Disney purchased Marvel they were probably searching for synergy which means that their combined effort is larger than the addition of their individual efforts. Synergy is achieved through sharing resources and allocating them more effectively, not by separating the companies.

The following information was provided by Dylan Manufacturing: Work in process increased by $19,000. Finished goods inventory decreased by $33,000. Direct materials used totaled $54,000. Direct labor incurred totaled $42,000. The predetermined manufacturing overhead rate was $27.00 per machine hour. Actual manufacturing overhead totaled $77,000. The estimated machine-hours were 3,000 hours and the actual machine-hours was 2,800 hours. How much is the cost of goods sold before any adjustment for overapplied or underapplied overhead

Answers

Answer:

$185,600

Explanation:

Direct materials                       $54,000

Direct labour                            $42,000

Predetermined OH                  $75,600 (2800*$27)

Cost of goods manufactured  $171,600

Cost of goods sold = Cost of goods manufactured  + WIP increase - Finished good decrease

Cost of goods sold = $171,600 + (-$19,000) + $33,000

Cost of goods sold = $185,600

A furniture company using accrual accounting purchased 20 sofas in November 2011. In December 2011, 8 of the 20 sofas were sold to customers. The customers all signed contracts agreeing to pay half the amount owed in February 2012 and the remaining half in March 2012. At the time of sale, the company was reasonably sure the customers would pay the amount owed. The furniture company pays its salespeople a commission on each sofa sold, with commissions for December 2011 sales paid in January 2012. The furniture company paid $3,000 for advertising that ran in the local newspaper in November 2011. In which month should advertising costs be expensed

Answers

Answer:

November 2011

Explanation:

Based on the information given if the company purchased 20 sofas in the month of November 2011 in which the company paid the amount of $3,000 for an advert that ran in the local newspaper in the same month of November 2011 which simply means that the month in which the advertising costs should be expensed is the month of NOVEMBER 2011 which is the month the company paid the amount of $3,000 for advertising in the local newspaper.

a) Determine a minimum inventory production plan (i.e., one that allows arbitrary hiring and firing). b) Determine the production plan that meets demand but does not hire or fire workers during the six-month period. c) Let’s say subcontracting is allowed. Let’s say we implement the constant workforce with subcontracting plan, what would the cost of subcontracting need to be to beat the cheaper of the two options above? d) Using this subcontracting cost of $50, formulate a LP and solve to optimality for the constraints of this problem

Answers

Answer:

Hello your question is incomplete attached below is the complete question

answer:

A) 32 units ( number of units per month per worker )

B) number of workers required = 975 / 32 ≈ 31

c) mean of the two values = 138 + 41 ) / 2 = $89.50

Explanation:

A) Determine a minimum inventory production plan ( i.e. one that allows arbitrary hiring and firing )

The number of units per month per worker = 32 units

To have a minimum/least inventory; production plan  = demand by hiring or firing

of employees

attached below is the table

B)  determine the production plan that meets demand but does not hire or fire workers during the six-month period

To determine this production plan we have to find the per month production = (Total demand - beginning inventory ) / 6

                   = ( 6350 - 500 ) / 6  = 975 units produced

number of workers required = 975 / 32 ≈ 31

C) Calculate The cost of subcontracting needed to beat the cheaper of the two options above

regular cost = 8 * 5 = $40

we will keep 30 workers in order to determine how much subcontracting is needed and the maximum and minimum value of each unit is kept hence the overall cost <  $253900.

if subcontracting cost = $138  then total cost = $253820

If subcontracting cost = $41  then total cost = $245090.

Therefore mean of the two values = 138 + 41 ) / 2 = $89.50

D) subcontracting cost of $50 formulating a LP and solve to optimality for the constraints of this problem

Z <= (Y+1)*7680 , X + 32Y >= 5850

It is July 16. A company has a portfolio of stocks worth $100 million. The beta of the portfolio is 1.2. The company would like to use the December futures contract on a stock index to change beta of the portfolio to 0.5 during the period July 16 to November 16. The index is currently 2,000, and each contract is on $250 times the index. What position should the company take? long 140 contracts short 140 contracts long 240 contracts short 240 contracts

Answers

Answer:short 140 contracts

Explanation: Using the formulae

Number of Contracts (Company's position )=( Desired Beta of the portfolio - beta of the portfolio)  x Portfolio of stocks) / ( Future Value )

Future Value = Index futures price x Multiplier

                       =2000 x 250

                         =$500,000

Putting the values, we have that  

Company position =(0.5 -1.2)  x $100 million)  / $500,000

Company position=-0.7  x $100 million/500,000

Company position=-$70,000,000/500,000

Number of contracts (Company position)=-140 contract

A negative sign means that the contract is going short.

Therefore,  

A total of 140 contracts by the company should be short.

Daria plans to retire in 20 years and wants to know how much she will need to have in her account when she retires. She wants to be able to withdraw $5,000 per month for 25 years of retirement, and she expects her account to earn a nominal rate of 9 percent per year. Round to the nearest cent. Do not include any unit (If your answer is $111.11, then type 111.11 without $ sign.)

Answers

We know that she has 20 years left until she retire

We need to find the amount she have to save and add to her saving per year for the the next 20 years.

Given she wants to be able to withdraw $5000 per month for 25 years

25 years = 300 months

$5,000 x 300 months = $1,500,000

she will needs one million and five hundred thousand dollars when she retire

Let's say she just started saving

Daria needs to have present value of the annuity of 25 years, PV is then calculated using the PV function as follows:

=PV(rate,nper,pmt)

=PV(9%/12,12*25,5000)

=595808.11

The present value should be 595808.11.

Calculation of the present value:

Given that,

The 25 years = 300

The rate is = 9% /12

PMT = $5,000

Now the following formula should be used.

=PV(rate,nper,pmt)

=PV(9%/12,12*25,5000)

=595808.11

Learn more about rate here: https://brainly.com/question/24334808

On June 30, 2018, Kimberly Farms purchased custom-made harvesting equipment from a local producer. In payment, Kimberly signed a noninterest-bearing note requiring the payment of $60,000 in two years. The fair value of the equipment is not known, but an 8% interest rate properly reflects the time value of money for this type of loan agreement. At what amount will Kimberly initially value the equipment? How much interest expense will Kimberly recognize in its income statement for this note for the year ended December 31, 2018?

Answers

Answer:

$2,058

Explanation:

Present value = Amount * (Present value of $1: n=2, i=8%)

Present value = $60,000 * 0.85734

Present value = $51,440

Interest expenses = Initial value of equipment * Interest rate * Number of years

Interest expenses = $51,440 * 8% * 6/12

Interest expenses = $2,058

A CEO who communicates about the opportunities and challenges facing the company to employees at all levels and in all departments is engaged in .:_______

a. sending routine messages
b. communication apprehension
c. horizontal communication
d. horizontal communication

Answers

Try looking for the worksheet with the answer key

The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year: cash, $21,000; accounts receivable, $16,000; inventory, $30,000; equipment (net), $85,000; accounts payable, $19,000; salaries payable, $7,500; interest payable, $3,500; notes payable (due in 18 months), $35,000; common stock, $60,000. Prepare a classified balance sheet for K and J Nursery, Inc. The equipment originally cost $150,000.

Answers

Answer:

Some information must be missing, maybe retained earnings, since the balance sheet does not balance.

Assets

Current assets

Cash $21,000

Accounts receivable $16,000

Inventory $30,000

Total current assets                      $67,000

Non-current assets

Equipment $150,000

Acc. depreciation ($65,000)

Total non-current assets              $85,000

Total assets                                                             $152,000

Liabilities

Current liabilities

Accounts payable $19,000

Salaries payable $7,500

Interest payable $3,500

Total current liabilities                  $30,000

Long term liabilities

Notes payable $35,000

Total liabilities                                                         $65,000

Stockholders' equity

Common stock $60,000

Total stockholders' equity                                     $60,000

Total liabilities + equity                                         $125,000

                                                                         (missing something)

A manufacturer of programmable calculators is attempting to determine a reasonable free- service period for a model it will introduce shortly. The manager of product testing has indicated that the calculators have an expected life of 30 months. Assume product life can be described by an exponential distribution.
a. If service contracts are offered for the expected life of the calculator, what percentage of those sold would be expected to fail during the service period?
b. What service period would result in a failure rate of approximately 10 percent?

Answers

Answer:

a. P(failure before T) = 1 - e^(-(T/MTBF)).................(1)

Where e = value obtained from table, T = Length of service before failure, MTBF = 30, Mean time before failure = 30 months

P = 1 - e^(-(T/MTBF))

P = 1 - e^(-(30/30))

P = 1 - 0.3679

P = 0.6321

So, 63.21% of sold product would all during the service period if service contracts are offered for expected life of the calculator

b. Here, the value of P is given. P = 10% = 0.10

1 - e^(-(T/MTBF)) = 0.10

e^(-(T/30) = 0.90

T/30 = 0.10

T = 0.10*30

T = 3 months

So, the service period would be 3 month that result in failure rate of 10%

The accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October: Account Debit Raw Materials Inventory $31,000 Work-in-Process Inventory 44,000 Finished Goods Inventory 54,000 Manufacturing Overhead 20,000 During the month, direct materials amounting to $21,000 and indirect materials amounting to $6000 were issued to production. What is the ending balance in the Work-in-Process Inventory account following these two transactions? A) $10,000 B) $26,000 C) $65,000 D) $44,000

Answers

Answer:

C. $65,000

Explanation:

With regards to the above information, ending work in process is computed as;

Ending work in process = Beginning work in process + materials transferred

Ending work in process = $44,000 + $21,000

Ending work in process = $65,000

if you have identified a risk, you have?
(a) figured it out how to eliminate it.
(b) recognized that it exists.
(c) publically announced it is a problem.
(d) decided not to reveal it

Answers

Answer:

B

Explanation:

you have recognized that it exists, you have not yet eliminated it or made any other decisions.

1.Production runs can be scheduled in
A. only one shift
B. always two shifts
C. one or two shifts
D. up to three shifts
2.Hiring the Needed Complement will always eliminate
A. Overtime
B. worker layoffs
C. a Second Shift
D. strikes
3.Management should strive to
A. increase Turnover
B. decrease Turnover
4.Increasing Capacity tends to
A. reduce the Needed Complement
B. reduce the number of workers on Second Shift
C. reduce Overtime
5.Increasing Training Hours tends to
A. increase the Needed Complement
B. decrease the Needed Complement
C. neither increase nor decrease the Needed Complement
D. both increase and decrease the Needed Complement
6.Recruiting Costs are incurred when
A. Automation levels increase
B. Production runs increase and teams match hiring to Needed Complement
C. workers are assigned to a Second Shift
7.Assuming the Productivity Index is greater than 100%, adding Overtime will
A. increase the Productivity Index
B. decrease the Productivity Index
8.Worker training is entered by the
A. Hour
B. Dollar
9.Teams can eliminate all Recruiting Costs if they wish
A. True
B. False
10.Generally, Separation Costs will be incurred when
A. Production levels increase
B. Automation Levels increase
C. Production Levels decrease
D. Production levels decrease and / or Automation levels increase

Answers

Answer:

Explanation:

10)production levels decrease and/or automation levels increase

Khaled is a preschool teacher working at a public school, but he is considering quitting his job to start a daycare facility of his own. Indicate which of the four types of interdependency is most relevant to each factor in Khaled's decision. Use the market for daycare facilities as Khaled's market of interest.

A. Khaled knows there are few daycare facilities in the area, but many families looking for daycare.

B. An increase in graduation rates for teachers saturates the market for preschool teachers. This decreases the wages of teachers.

C. If Khaled opens his own facility, he will be responsible for taxes, insurance, licensing, and facility upkeep, among other things. However, as a teacher Khaled will only need to keep up his teaching license. In addition, Khaled will not be able to take a long vacation in the summer if he runs a daycare center.

D. Khaled is up for a raise in the next 6 months at his teaching job.

Answers

It should be noted that since Khaled knows there are few daycare facilities in the area, but many families looking for daycare, this illustrates an example of dependencies between people or business in the same market.

Interdependencies.

It should be noted that an increase in graduation rates for teachers saturates the market for preschool teachers. This decreases the wage of teachers is an example of dependencies between markets.

In a scenario where Khaled opens his own facility, he will be responsible for taxes, insurance, licensing, and facility upkeep, among other things. However, as a teacher Khaled will only need to keep up his teaching license but will not be able to take a long vacation in the summer if he runs a daycare center, this is dependencies between each of your individual choices.

Lastly, when Khaled is up for a raise in the next 6 months at his teaching job, this scenario is an example of dependencies through time.

Learn more about market on:

https://brainly.com/question/906651

K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $45,000 of personal cash to the partnership. Rosen owns land worth $10,000 and a small building worth $75,000, which she transfers to the partnership. Toso transfers to the partnership cash of $10,000, accounts recevable of $27,000 and equipment worth $14,000. The partnership expects to collect $24,300 of the accounts receivable.
Prepare the journal entries to record each of the partners' investments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation Debit Credit
(To record investment of Decker.)
(To record investment of Rosen.)
(To record investment of Toso.)
What amount would be reported as total owner's equity immediately after the investment?
Total owner's equity$_______

Answers

Answer:

to record Decker's investment:

Dr Cash 45000  

    Cr Decker, Capital 45000

to record Rosen's investment:

Dr Land 10,000  

Dr Building 75,000  

    Cr Rosen, Capital 85,000

to record Toso's investment:

Dr Cash 10,000  

Dr Accounts Receivable 27,000  

Dr Equipment 14,000  

    Cr Allowance for Doubtful Accounts 2,700

    Cr Toso, Capital 48,300

total owners' equity = $178,300

The monetary unit assumption: Multiple Choice Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold. Means that we can express transactions and events in monetary, or money, units. Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. Means that a business is accounted for separately from other business entities, including its owner. Prescribes that a company record the expenses it incurred to generate the revenue reported.

Answers

Answer:

Means that we can express transactions and events in monetary, or money, units.

Explanation:

monetary unit assumption: Means that we can express transactions and events in monetary, or money, units.

Going concern assumption -  accounting information reflects a presumption that the business will continue operating instead of being closed or sold.

Time period assumption - Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods.

Business entity assumption -  Means that a business is accounted for separately from other business entities, including its owner

Matching principle - Prescribes that a company record the expenses it incurred to generate the revenue reported.

Bombeck Inc. has the following transactions during August of the current year. Aug. 1 Opens an office as a financial advisor, investing $5,000 in cash in exchange for common stock. 4 Pays insurance in advance for 6 months, $1,800 cash. 16 Receives $1,900 from clients for services performed. 27 Pays secretary $1,000 salary. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Answers

Answer:

Date       Account title and explanation        Debit       Credit

Aug.1      Cash                                                $5,000

                     Common stock                                             $5,000

              [To record cash in exchange for common stock]  

Aug.4      Prepaid insurance                          $1,800  

                     Cash                                                               $1,800

               [To record paid insurance in advance]  

Aug.16       Cash                                              $1,900

                       Service revenue                                           $1,900

                 [To record cash received for services]  

Aug.27      Salaries expense                          $1,000

                       Cash                                                              $1,000

                 [To record cash paid for salaries]

A production department's output for the most recent month consisted of 14,000 units completed and transferred to the next stage of production and 14,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 70% complete with respect to both direct materials and conversion costs. There were 1,800 units in beginning Work in Process inventory, and they were 90% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.

Answers

Answer:

Materials =  19,600 units

Conversion Costs = 19,600 units

Explanation:

It is important to note that the company uses the weighted average method.

This means we are only interested in the equivalent units of units completed and transferred and units in ending work in process

The equivalent units of production for the month, assuming the company uses the weighted average method :

Materials = 14,000 x 100 % + 14,000 x 70% = 19,600 units

Conversion Costs = 14,000 x 100 % + 14,000 x 70% = 19,600 units

Boxer Company owned 24,000 shares of King Company that were purchased in 2019 for $350,000. On May 1, 2021, Boxer declared a property dividend of 1 share of King for every 10 shares of Boxer stock. On that date, there were 46,000 shares of Boxer stock outstanding. The market price of the King stock was $20 per share on the date of declaration and $39 per share on the date of distribution. By how much is retained earnings reduced by the property dividend

Answers

Answer:

$92,000

Explanation:

Calculation for By how much is retained earnings reduced by the property dividend

Using this formula

Reduction in Retained earnings=(Boxer stock outstanding/Declared property dividend )×King stock market price)

Let plug in the formula

Reduction in Retained earnings=(46,000/10 shares ) x $20

Reduction in Retained earnings= $92,000

Therefore By how much is retained earnings reduced by the property dividend is $92,000

Nevis Motors manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is approximately $430 per ounce; the company maintains an ending platinum inventory equal to 10% of the following month's production usage. The following data were taken from the most recent quarterly production budget: July August September Planned production in units 3,000 3,100 2,980 The cost of platinum to be purchased to support August production is: Multiple Choice $663,920. $666,500. $669,080.

Answers

Answer:

the  cost of the platinum to be purchased on august is $663,920

Explanation:

The computation of the cost of the platinum to be purchased on august is shown below:

= (August production - july - september) × required ounces × cost per ounce

= (3,100 - 310 + 298) × 0.5 × $430

= $663,920

hence, the  cost of the platinum to be purchased on august is $663,920

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