Discuss the importance for the business person to be able to add, subtract, multiply, and divide. Also, why is it important for us to be able to conceptualize business problems as equations.
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
Please assist in explaining how to solve the following standard deviation. 1. A bank manager recorded the amount of time each customer spent waiting in line during peak business hours one Monday. The frequency table below summarizes the results. Find the standard deviation and round to one decimal place. ... [See the attac
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
Please help, I am having trouble with completing a master budget.
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
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
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
Statistics in business - (a) Plot the data on U.S. general aviation shipments. (b) Describe the pattern and discuss possible causes. (c) Would a fitted trend be helpful? Explain. ... [See the attached question file.]
(a) Plot the data on U.S. general aviation shipments. (b) Describe the pattern and discuss possible causes. (c) Would a fitted trend be helpful? Explain. (d) Make a similar graph for 1992-2003 only. Would a fitted trend be helpful in making a prediction for 2004? (e) Fit a trend model of your choice to the 1992-2003 da
Johnson alarm systems had $800,000 of retained earnings on December 31, 2004. The company paid dividends of $60,000 in 2004 and had retained earnings of $640,000 on December 31, 2003. How much did Johnson earn during 2004, and what would earnings per share be if 50,000 shares of common stock were outstanding?
Question 23: If the standard deviation of demand is six per week, demand is 50 per week, and the desired service level is 95%, approximately what is the statistical safety stock?: a) 8 units b) 10 units c) 16 units d) 64 units e) cannot be determined without lead time data Question 30: A fabrication comp
To estimate the average annual expenses of students on books and class materials a sample of size 36 is taken. The average is $850 and the standard deviation is $54. A 99% confidence interval for the population mean is
A television network decides to cancel one of its shows if it is convinced that less than 14% of the viewing public are watching this show. a. If a random sample of 1500 households with televisions is selected, what sample proportion values will lead to this show's cancellation? Assume a 5% significance level? b. What is t
Please Help with homework 1.J. T. Drive-In is a fast-food restaurant that sells burgers and hot dogs in a 1950s environment.The fixed operating cost of the company is $20,000 per month. The owner wants all costs allocated to either the sale of burgers or hot dogs. Other items, mostly drinks and fries, are sold in equal propor
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
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
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
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
Pick a country of your choice that is experiencing population growth. Using the Library, web resources, and/or other materials to find the most recent population count of the country you have chosen and the population growth rate of that country. Use that growth rate to approximate the population in the year 2012. Solve the prob
Discuss the differences between a probability and a non-probability sample. Under what circumstances would each be used?
I need to create a common size statement for Southwest Airlines. Can I get a step by step instruction please. I know it has to deal with percentages.
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
The Tyson Company has provided the following information: Direct Month Factory Labor Hours Overhead January $92,095 4,600 February 103,056 5,280 March 83,802 3,760 April 89,594 4,320 May 108,694 5,720 June 87,404 3,880 a. Using th
A local energy provider offers a landowner $180,000 for the exploration rights to natural gas on a certain site and the option for future development. This option, if exercised, is worth an additional $1,800,000 to the landowner, but this will occur only if natural gas is discovered during the exploration phase. The landowner, b
One of the advantages of rational functions is that even rational functions with low-order polynomials can provide an excellent fit for complex experimental data. Linear-to-linear rational functions have been used to describe earthquake plates. As another example, a linear-quadratic fit has been used to describe lung functio
Pick a country of your choice that is experiencing population growth. Using the Library, web resources, and/or other materials to find the most recent population count of the country you have chosen and the population growth rate of that country. Use that growth rate to approximate the population in the year 2009. Show how each
A potato vendor charges $4.90 per spud sold.The stall has a Fixed cost of $500 per week. The variable cost of each potato sold is $1.50. How may potatoes must the stall sell in order to achieve a profit objective of $750 per week ?
It takes a computer 8 days to print all of the personalized letters from a national sweepstakes. A new computer is purchased that can do the same job in 5 days. How long would it take to do the job with both computers working on it?