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Business Math

Cost Management

A company has two major businesses that it operates. One business manufactures and sells unicycles for commercial use in circuses, etc. (total sales of $150M), and the other sells bicycles to the public (total sales of $20M). The unicycle business occupies 75,000 square feet of the manufacturing warehouse and the bicycle busines

Generally, under what circumstances is statistical sampling useful?

1.) Generally, under what circumstances is statistical sampling useful? Describe a situation, preferably related to your work, where statistical sampling might be useful and in general terms how you would do it. 2.) Discuss what you consider to be the relevant aspects of describing data. Explain and tell why.


See attached A firm's weekly production cost in pounds....

Book Value versus Market Value

Filer Manufacturing has 9.5 million shares of common stock outstanding. The current share price is $53 and the book value per share is $5. Filer manufactureing also has tow bond issues outstanding. The first bond issue has a face value of $75 million and has 8 percent coupon and sells for 93 percent of par. The second issue

Formulating a decision model

Problem in the attached. The New York City Development Corporation has just purchased a small hotel for conversion to condominium apartments. The building, in a popular area of New York, will be highly marketable, and each condominium sale is expected to yield a good profit. The conversion process, however, includes se

Statistics Problems and Sampling

Part 1 a. Select the first three letters of your last name. Each letter has a numerical place value in the alphabet; for example D is 4, L is 12 and Z is 26. Add the three place values together; for example Wallace would yield WAL which is 23+1+12 = 36. Show your work. My last name is LOWE b. Multip


I need help with these practice problems. (see attached)

Perform a two-tailed test comparing response rates

Please review 10.5 A 20-minute consumer survey mailed to 500 adults aged 25-34 included a $5 Starbucks gift certificate. The same survey was mailed to 500 adults aged 25-34 without the gift certificate. There were 65 responses from the first group and 45 from the second group. (a) Perform a two-tailed test comparing the respo

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

Cost of debt

J & B, Inc. has $5 million of debt outstanding with a coupon rate of 12%. Currently, the yield to maturity on these bonds is 14%. If the firm's tax rate is 40%, what is the cost of debt to J & B?

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

Statistics: Confidence Intervals and Confidence Levels

See the attached spreadsheet with data on the "number of children" of a sample. Compute the 95% and 99% confidence intervals using Excel's descriptive statistics function: Run Data Analysis, Descriptive stats, highlight the data, check "summary statistics" as normal. Click on "Confidence Level for Man" and type in the level de

Bond price

If $1,000.000, 11% bonds, 10 year pay annually with a market rate of 12% how do you figure the selling price?

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


If a company purchases equipment for $75,000 cash: a) Total assets will increase by $75,000. b) Total assets will decrease by $75,000. c) Total assets will remain the same. d) The company's total owners' equity will decrease


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.