Jasmine

Jasmine

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Jasmine Green

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History10Management1Music1English2Science8Information Technology3Algebra9Probability1Computer Science15Accounting6Calculus1Biology34Mathematics3Statistics4Physics4Finance6Economics3Chemistry23
To find the expected value of a continuous random variable X with probability ...
To find the solution set for the inequality \(3y + 7 < 16\), subtract 7 fro...
To calculate the variable overhead efficiency variance, we need to compare the...
**(a) Expected Value of Z:**\[ E(Z) = E(1 + 2X + Y) \]Using the linearity of e...

You want to test the claim that, on average, it takes more than 6060 minutes for the caffeine in a cup of coffee to take effect on the body. So you take a random sample of 25 people and record the time, in minutes, that it takes for the amount of caffeine in a cup of coffee to have a physiological effect on each person. Does the sample provide sufficient evidence to support your claim at the 0.01 level of significance? (You have good reason to believe that, for a substance like caffeine, the population standard deviation is approximately 6 minutes.)

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  1. What are the null and alternative hypotheses?
    H0�0:  Select an answer   n   s   μ   x̄   σ  Correct  ?   ≠   >   =   ≤   <   ≥  Correct Correct
    Ha��:  Select an answer   x̄   s   μ   n   σ  Correct  ?   ≥   <   ≠   ≤   =   >  Correct Correct

  2. What type of tailed test should we run?  Select an answer   left-tailed   right-tailed   two-tailed  Correct

  3. What type of test should we run in terms of the distribution?  Select an answer   F-test   p-test   t-test   z-test  Correct

  4. Enter in your critical value(s) rounded to four decimal places. If there is more than one critical value, enter them separated by a comma.
    Correct2.3263

  5. The rejection region consists of all  Select an answer   z-values   p-values   F-values   t-values   that are  Select an answer   less than or equal to   greater than or equal to   outside of   . (If you chose the outside of option, enter in the two values separated by a comma.)

  6. The sample mean ¯x=�¯= minutes. (rounded to four decimal places)
    The test statistic is . (rounded to four decimal places)

  7. The correct decision is to  Select an answer   Fail to reject the null hypothesis H_0.   Reject the null hypothesis H_0.   .

  8. At the given significance level, the correct conclusion is:
    • At the 0.010.01 significance level, the sample data does not provide sufficient evidence to support the claim that on average, at the population level, it takes more than 6060 minutes for the caffeine in a cup of coffee to take effect on the body.
    • At the 0.010.01 significance level, the sample data provides sufficient evidence to support the claim that on average, at the population level, it takes more than 6060 minutes for the caffeine in a cup of coffee to take effect on the body.


  9. Given your decision above, you run the risk of having made a  Select an answer   Type II error   Type I error   .
1. **Null and Alternative Hypotheses:** - \(H_0: \mu \leq 60\) - \(H_a: \mu &g...
Let's denote the three consecutive positive integers as \(n\), \(n + 1\), and ...
Let's denote the three consecutive integers as \( n \), \( n + 1 \), and \( n ...
B. GymnospermsPine, fir, spruce, cedar, larch, and cypress are all examples of...
To determine the effective rate of return, we can use the formula for yield to...
Let's denote the three consecutive even integers as \(n\), \(n + 2\), and \(n ...
Let's denote the three consecutive even integers as \( n \), \( n + 2 \), and ...
1. **Answer: b. gymnosperms.** - Conifers, such as pine trees, are an example ...
1. **Northern Hemisphere in the Atlantic Ocean:** - The location of peak chlor...
D) SoilPlants primarily receive their nutrients from the soil. The roots of pl...
1. Answer: E. Green Algae - Green algae are considered the ancestral group to ...

(REMEMBER: DELETE EVERYTHING THAT APPEARS INRED.)

Introduction (Delete this heading in your finalpaper.)

In your opening paragraph, very briefly introduce the purpose ofyour paper. Recall that you will be discussing thebudget process, “make” or “buy”decisions, and nonfinancial performancemeasures as explained in your rubric instructions.Three or four sentences are sufficient.

Paragraph 1 (Delete thisheading in your final paper.)

Using content from your submissions in Final Project Part I andyour readings from Chapters 22, 23, and 25 of yourHorngren’s text, discuss the initial budget process.

Paragraph 2 (Delete this heading in your finalpaper.)

Using content from your submissions in Final Project Part I andyour readings from Chapters 22, 23, and 25 of yourHorngren’s text, discuss the budget variances andpotential reasons for variances.

Paragraph 3 (Delete thisheading in your final paper.)

Using content from your submissions in Final Project Part I andyour readings from Chapters 22, 23, and 25 of yourHorngren’s text, discuss any changes you think the companyshould make based on the variance analysis. What will the changesaccomplish?

Paragraph 4 (Delete this heading in your finalpaper.)

Using content from your submissions in Final Project Part I andyour readings from Chapters 22, 23, and 25 of yourHorngren’s text, discuss any ethical considerations of thechanges you have selected based on the variance analysis. Why wouldyou recommend these changes?

Paragraph 5 (Delete this heading in your finalpaper.)

Using content from your submissions in Final Project Part I andyour readings from Chapters 22, 23, and 25 of yourHorngren’s text, discuss the considerations involved indeciding whether to buy a particular component of one of yourproducts or make the product in-house. What factors would youconsider? What are the ethical considerations? What implicationscould this decision have? For each option (i.e., to “make” or to“buy”), how this will impact the efficiencies of youroperations?

Paragraph 6 (Delete this heading in your finalpaper.)

Using content from your submissions in Final Project Part I andyour readings from Chapters 22, 23, and 25 of yourHorngren’s text, discuss what suggestions you would makefor nonfinancial performance measures that the company shouldadopt. What are the pros and cons of each? What are the ethicalconsiderations of your suggestions? Explain the significance ofeach.

Conclusion (Delete thisheading in your final paper.)

The conclusion reminds the reader what your paper is about andallows you to make a final point without introducing newinformation. Three or four sentences are sufficient.

Sales Budget
PeytonApproved
Sales Budgets
July, August, andSeptember 2015
Budgeted Units Budgeted Unit Price Budgeted Total Dollars
Jul-15 18,000 18.00 $324,000
Aug-15 22,000 18.00 $396,000
Sep-15 20,000 18.00 $360,000
Total for thefirst quarter 60,000 18 $1,080,000
Production Budget
PeytonApproved
ProductionBudget
July, August,and September 2015
July August Sept. Total
Next month’sbudgeted sales 22,000 20,000 24,000 66,000
Percentage ofinventory to future sales 70% 70% 70% 70%
Budgeted endinginventory 15,400 14,000 16,800 46200
Add budgetedsales 18,000 22,000 20,000 60,000
Required units tobe produced 33,400 36,000 36,800 106200
Deduct beginninginventory (Previous month ending inventory) -16,800 -15,400 -14,000 -46,200
Units to beproduced 16,600 20,600 22,800 60,000
Manufacturing Budget -contains raw materials budget, direct labor budget, and factoryoverhead budget
PeytonApproved
Raw MaterialsBudget
July, August, andSeptember 2015
July August Sept. Total
Production budget(units) 16,600 20,600 22,800 60,000
Materialsrequirement per unit 0.5 0.5 0.5 0.5
Materials neededfor production 8,300 10,300 11,400 30,000
Add budgetedending inventory 2,060 2,280 1,980 6,320
Total materialsrequirements (units) 10,360 12,580 13,380 36,320
Deduct beginninginventory (previous month ending inventory) -4,600 -2,060 -2,280 -8,940
Materials to bepurchased 5,760 10,520 11,100 27,380
Material price perunit 7.75 7.75 7.75 7.75
Total cost ofdirect material purchases $44,640 $81,530 $86,025 $212,195
PeytonApproved
Direct LaborBudget
July, August, andSeptember 2015
July August Sept. Total
Budgetedproduction (units) 16,600 20,600 22,800 60000
Labor requirementsper unit (hours) 0.5 0.5 0.5 0.5
Total labor hoursneeded 8,300 10,300 11,400 30,000
Labor rate (perhour) 16.00 16.00 16.00 16.00
Labor dollars $132,800 $164,800 $182,400 $480,000
PeytonApproved
Factory OverheadBudget
July, August, andSeptember 2015
July August Sept. Total
Budgetedproduction (units) 16,600 20,600 22800 60000
Variable factoryoverhead rate 1.35 1.35 1.35 1.35
Budgeted variableoverhead 22,410 27,810 $30,780 $81,000
Fixedoverhead 20,000 20,000 20,000 60,000
Budgeted totaloverhead $42,410 $47,810 $50,780 $14,100
Selling Expense Budget
PeytonApproved
Selling ExpenseBudget
July, August, andSeptember 2015
July August Sept. Total
Budgeted sales $324,000 $396,000 $360,000 1080000
Sales commission percent 12% 12% 12% 12%
Sales commissions expense 38,880 47,520 43,200 $129,600
Sales salaries 3,750 3,750 3,750 11,250
Total selling expenses $42,630 $51,270 $46,950 $140,850
General and AdministrativeExpense Budget
PeytonApproved
General andAdministrative Expense Budget
July, August, andSeptember 2015
July August Sept. Total
Salaries $12,000 $12,000 $12,000 $36,000
Interest on long-termnote 2,700 2,700 2,700 8,100
Total expenses $14,700 $14,700 $14,700 $44,100

____________________________________________________________________________________________

Peyton Approved
Budget Variance Report
For the Year Ended …
Actual Results Static Budget Variance Favorable/ Unfavorable
Direct materials variances
Cost/price variance 240,000 240,000 -
Efficiency variance 240,250 212,195 28,055 Unfavorable
Total direct materials variance 240,250 212,195 28,055 Unfavorable
Direct labor variances
Cost /pricevariance $495,000.00 528,000 (33,000) Favorable
Efficiencyvariance 528,000 480,000 (48,000) Unfavorable
Total direct labor variance 495,000 480,000 (15,000)

Unfavorable

The paper should be written against these reports.

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