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Business Math

Break-even and costs

Use the following information to answer the questions. A friend of yours is trying to determine whether to open a sandwich stand at the local mall based on the following data. She expects total fixed costs per year of $24,000, a sale price per sandwich of $3.00, and variable costs per sandwich of $1.80. The break-even lev

Dividends and net income

Use the following information and the percent-of-sales method to answer questions. Below is the 2004 year-end balance sheet for Banner, Inc. Sales for 2004 were $1,600,000 and are expected to be $2,000,000 during 2005. In addition, we know that Banner plans to pay $90,000 in 2005 dividends and expects projected net income o

Business mathematics

See attached for proper formatting ________________________________________ Exercise 2-2 Classification of Costs as Period or Product Costs [LO2] Suppose that you have been given a summer job at Fairwings Avionics, a company that manufactures sophisticated radar sets for commercial aircraft. The company, which is private

Interest on a loan

The list price for a radio is 22% higher than its net price. If the net price is $29.00, what is the list price? What is the amount of the trade discount? A certified public accountant discounts a bill to $294.00 when a client pays in cash, within 10 days. If the cash discount is 1.5%, how much would the customer have paid if

Price of stock

1) Megan made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $2.16 a share. Secondly, the company announced that all future dividends will increase by 4% annually. What is the maximum amount you should pay to purchase a share of Megan's stock if

Characteristics of a Bell Curve; probability calculations, sample confidence

1. Give at least 5 characteristics of the Bell Curve 2. For a normally distributed population, mean of 6.5 and standard deviation of 4, compute: a. The probability of picking one item from the population and having it fall between 6.5 and 14.5 b. The probability of picking one item and having it fall above 14

Probability: 20 people in a room, 15 men and 5 women

There are 20 people in a room, 15 men and 5 women. Ten of the men are 30 years of age or older and the other five are under 30. Four of the women are under 30 and one is over 30. If I pick a person at random what is the probability of picking a man? A woman? If I pick a person at random what is the probability the pe

Determining Incremental Gain (Please See Attachment)

XYZ telemarketing company uses an outbound dialer to contact potential sales customers. Each day they have a different file size or potential customers and a different number of employees working. The dial through number represents the number of attempts made to call each guest (Dials/Number of Files). The conversion rate repres

Calculating the probability

The probability of throwing any two numbers on a die - say, either a 1 or a 2 - on a single throw is one chance out of three, or 33%. When calculating the probability of repeating favorable throws with a single die the probability of throwing a 1 or a 2 twice in succession is 1/9, which is the square of one chance out of


Journal Entries Prepare the necessary general journal entries for the month of October for Stringer Company for each situation given below. Oct 1 Started computer business by selling $50,000 of common stock. Oct. 5 Paid operating expenses as follows: $4,000 Salaries Expense, $2,000 Rent Expense, $500 Util

Probability sampling methods

Please read the below paragraph and explain what is meant by: non probability sampling may not be as accurate as probability sampling methods When the analysis is a based on an entire group or in other words all of the members of the group under study then the population is in place. A sample is taken when this population i

Retirement Savings: Company Benefits

Your younger brother, Tom, just received information from his company on his benefits. He tells you that he is not interested in reading the retirement information because he has another 30 years of working before he can even consider retiring. You take a look at the information and see that his company offers a great 401(k) pla

Rates of return

The accountant for ByComputers has $100Million in excess monies to invest. His orders to invest the whole dollar amount for one year in either bonds or stocks (but not both) and then to reinvest the entire fund in either bonds or stocks (but not both) for one year or more. The premise is try and maximize the expected monies valu

Business Mathematics Terms

Conduct literature and internet research of sole proprietorships, partnerships, and corporations. Discuss the three business forms in terms of how they are formed, managed, and how they operate as business entities.

Managerial accounting

See attached problem regarding budget and expected cash collections. Exercise 9-1 Schedule of Expected Cash Collections Peak sales for Midwest Products, a wholesale distributor of leaf rakes, occur in August. The company's sales budget for the third quarter showing these peak sales is given below: July August Sep.

Managerial accounting

I need help for exercises 8-1; 8-2; 8-3; 8-4; AND 8-5; (Activity-Based Costing: A Tool to Aid Decision Making) from strayer university accounting book, (managerial Accounting-ACCT 560/561) ISBN- 13: 978-0-07-723480-5 or ISBN-10: 0-07-723480-4 See attachment for problems

Statistics: Regression, Scatter Plot, Bar Chart, Chi-square

Please show step by step how to perform using EXCEL or hand computations. Below are revenue and profit (both in $ billions) for nine large entertainment companies. (a) Make a scatter plot of profit as a function of revenue. (b) Use Excel to fit the regression, with fitted equation and R2. (c) In your own words, describe the f

Statistics: Various Probability Questions

Chapter 5 8. A sample of 2,000 licensed drivers revealed the following number of speeding violations. Number of Violations Number of Drivers 0 1910 1 46 2 18 3 12 4 9 5 or more 5 Total 2000 a. What is the experiment? b. List one possible event. c. What is the probability th

STATISTICS: Probability Problems

8.A sample of 2,000 licensed drivers revealed the following number of speeding violations. Number of Violations Number of Drivers 0 1,910 1 46 2 18 3 12 4 9 5 or more 5 Total 2,000 What is the experiment? List one possible event. What is the probability that a particular driver had exactly

Regression and Correlation Statistical Techniques

1. We use Microsoft EXCEL to quickly graph and compute the essential output of these techniques. What are the advantages and disadvantages of using EXCEL for regression and correlation statistical techniques? Or alternatively, is there any advice you would like to give the newbie in using this EXCEL tool? 2. Linear Regression

Probability: Type of Beer for blue-collar vs white-collar worker

A local beer producer sells two types of beer, a regular brand, and a light brand with 30% fewer calories. The company's marketing department wants to verify that its traditional approach to appealing to local white-collar workers with light beer commercials and appealing to local blue-collar workers with regular beer commercial

Probability: gauge married women's participation in the workplace

In a study designed to gauge married women's participation in the workplace today, the data provided in the attached file are obtained from a sample of 750 randomly selected married women. Consider a woman selected at random from this sample in aswering the following questions: a)what is the probablity that this randomly sele

Probability: Employee exercising at lunch hour

Suppose that 18% of the employees at a given corporation engage in physical exercise activities during the lunch hour. Moreover, assume that 57% of all employees are male, and 12% of all employees are males who engage in physical exercise activities during the lunch hour. a)if we choose an employee at random from this corpora


Help with practice problems. 1.Given the following year-end balances, prepare an income statement, statement of retained earnings, and a classified balance sheet. Accounts payable $2,550 Accounts receivable 3,550 Accumulated depreciation 6,250 Beginning retained income 6,450 Cash 2,300 Cost


1.The following information was gathered for Wellington Company: Budgeted direct-labor hours 75,000 Actual direct-labor hours 77,500 Budgeted factory overhead $525,000 Actual factory overhead $538,000 Assume that direct-labor hours is the cost driver. Compute: a.Budgeted factory-overhead rate b.Fac

Business Math

See attached for proper formatting MATHS -SPECIAL/1 MA115 Business Problem Solving DIRECTIONS: Please answer the following essay question using your own paper. Keep a copy of your work and include your name and student number on every page. Managers at ANP Company are trying to determine an inventory policy for the c

Accounting - money saved

Jackson Company manufactures a part for its production cycle. The costs per unit for 20,000 units of this part are as follows: Direct materials $15 Direct labor 12 Variable factory overhead 20 Unavoidable fixed factory overhead 18 Total cost $65 The Jackson Company has been approached by a supplier who clai