Work in process inventory, September 1 (2,000 units, 100% complete with respect todirect materials, 80% complete with respect to direct labor and overhead; includes$45,000 of direct material cost, $25,600 in direct labor cost, $30,720 overhead cost) $ 101,320 Units started in April 28,000 Units completed and transferred to finished goods inventory 23,000 Work in process inventory, September 30 (? units, 100% complete with respect to direct materials, 40% complete with respect to direct labor and overhead) ? Costs incurred in September Direct materials $ 375,000 Conversion $ 341,000Required:Compute each of the following, assuming Hi-Test uses the weighted-average method of process costing.(Round "Cost per EUP" to 2 decimal places.)1. The number of physical units that were transferred out and the number that are in ending work in process inventory.2&3. The number of equivalent units for materials and conversion for the month.4&5. The cost per equivalent unit of materials and conversion for the month6. The total cost of goods transferred out.7. The total cost of ending work in process inventory.

Answers

Answer 1

Answer:

1. Number of physical units transferred out = 23,000 units

Number of units in ending work in process = 7,000 units

2. The number of equivalent units for materials = 30,000 units

3. The number of equivalent units for conversion = 25,800 units

4. The cost per equivalent units for materials = $14.00

5. The cost per equivalent units for conversion = $15.40

6. The total cost of goods transferred out = $676,200

7. The total cost of ending work in process inventory = $141,120

Explanation:

a) Data and Calculations:

                                              Units       Materials      Conversion   Total

Work in process inventory,

September 1                          2,000         100%                80%

Cost of beginning WIP                       $45,000         $56,320      $101,320

Cost during April                                375,000          341,000        716,000

Total production costs                    $420,000       $397,320      $817,320

Units started in April          28,000

Total units in process        30,000 (2,000 + 28,000)

Units transferred out         23,000      23,000           23,000

Ending WIP, Sept. 30           7,000         7,000 (100%)  2,800 (40%)

Total equivalent units                          30,000           25,800

Cost per EUP     $14.00 ($420,000/30,000)  $15.40 ($397,320/25,800)

Cost of goods transferred out        $322,000         $354,200      $676,200

                                             ($14.00 * 23,000)   ($15.40 * 23,000)

Cost of ending WIP                           $98,000            $43,120         $141,120

                                              ($14.00 * 7,000)   ($15.40 * 2,800)

Total costs accounted for             $420,000          $397,320       $817,320


Related Questions

Splish Brothers Inc. uses a perpetual inventory system. Data for product E2-D2 include the following purchases.
Date Number of Units Unit Price
May 7 105 $7
July 28 63 18
On June 1, Splish Brothers sold 55 units, and on August 27, 84 more units. Prepare the perpetual inventory schedule for the above transactions using moving average cost.

Answers

Answer:

Splish Brothers Inc.

Perpetual Inventory Schedule using moving average costs:

Date       Description   Number   Average Cost  Total Cost          Cost

                                     of Units                                                   Balance

May 7         Purchase       105               $7                $735            $735

June 1        Sales              (55)              $7                  385              350

July 28       Purchase         63             $18                1,134            1,484

August 27  Sales              (84)            $13.1327        1,103               381

Explanation:

a) Data and Calculations:

Date                          Number of Units   Unit Price    Total Costs

May 7         Purchase           105                $7                $735

June 1        Sales                  (55)               $7                  385

July 28       Purchase            63              $18                 1,134

August 27  Sales                 (84)             $13.1327        1,103

Cost of goods sold = $1,488 ($385 + $1,103)

Ending inventory =       $381

E Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 54,000 units per month is as follows: Per Unit Direct materials $ 49.60 Direct labor $ 9.50 Variable manufacturing overhead $ 2.50 Fixed manufacturing overhead $ 20.10 Variable selling & administrative expense $ 4.60 Fixed selling & administrative expense $ 22.00 The normal selling price of the product is $114.10 per unit. An order has been received from an overseas customer for 3,400 units to be delivered this month at a special discounted price. This order would not change the total amount of the company's fixed costs. The variable selling and administrative expense would be $2.60 less per unit on this order than on normal sales. Suppose there is ample idle capacity to produce the units required by the overseas customer and the special discounted price on the special order is $90.40 per unit. The monthly financial advantage (disadvantage) for the company as a result of accepting this special order should be:

Answers

Answer: $91120

Explanation:

The The monthly financial advantage (disadvantage) for the company will be calculated thus:

Incremental revenue = (3400 × $90.40) = $307360

Less: Incremental Cost

Direct material (3400 × $49.60) = $168640

Direct labor (3400 × $9.5) = $32300

Variable manufacturing overhead = (3400 × $2.5) = $8500

Variable selling & administrative expense = (3400 × $2) = $6800

Total incremental Cost = $216240

Therefore, the monthly financial advantage will be:

= $$307360 - $216240

= $91120

A firm that operates outside of a trading bloc will likely face the improved position of competitors within the trading bloc. True False

Answers

Answer:

True

Explanation:

In the case when the firm operated outside for a trading bloc due to which it improved the position of the competitors so this should be true as the trading bloc should be the economic integration and it can shape the pattern of thw world trade that protect from non-members imports

So, the given statement is true

The Fed threw a lot of money at the financial crisis in 2008 to unfreeze credit markets and encourage economic activity. As part of its effort to keep the interest rateâ low, the Fed purchased government bonds worthâ $300 billion between March and September 2009. Byâ October, the Fed heldâ $770 billion in governmentâ securities, nearly double itsâ pre-crisis total. Before theâ crisis, the Fed held mainly governmentâ securities, which it used to control the quantity of money in the economy. Now government securities make up justâ 35% of theâ Fed's balance sheet.

Required:
If the Fed purchased the government securities on the openâ market, explain why the purchase ofâ $300 billion of government securities would influence the interest rate.

Answers

Answer:

The actions of the Fed in 2009 are consistent with an expansionary monetary policy and this policy reduces or keeps interest rates low.

When the Fed bought that many government securities, they flooded the economy with $300 billion in cash. This cash would make its way into the pockets of people and into their bank accounts as savings.

With that many savings, banks would have much more money to loan out to people and as a result of this increase in the supply of loanable funds, interest would fall in order to entice people to borrow more of these excess funds.

When evaluating special offer decisions, management should consider: (Check all that apply.) Multiple select question. historical costs. available capacity. incremental revenues. existing sales. sunk costs. incremental costs.

Answers

Answer:

1.  incremental revenues and  

2. incremental costs

Explanation:

Only relevant items are considered when making a decision. Relevant means that a Cost or Income would change as a result of a decision made today. Thus, when evaluating special offer decisions, management should consider: incremental revenues and  incremental costs.

Answer:

incremental costs

Incremental revenues

Existing sales

Available capacity

Explanation:

The ending inventory of Sandie’s Candies is overstated by $75,000 at December 31, 20x8. What is the effect on 20x8’s net income, assuming that no other inventory errors have occurred during 20x8?
a. $150,000 overstated
b. $75,000 understated
c. no effect
d. $75,000 overstated

Answers

The answer is the dickie fingers of the day 75000

Answer:

$75,000 overstated

Explanation:

An overstatement of a year's ending inventory, absent any other errors, will lead to a decrease in Cost of Goods Sold (COGS), and an increase in Net Income.

Senator A agrees to vote for Senator K's state project in exchange for Senator K voting for Senator A's state project. This is an example of Group of answer choices logrolling. the median voter model. the paradox of voting. the principal-agent problem.

Answers

Answer: logrolling

Explanation:

Logrolling simply refers to the exchange of favors specifically. It is the practice of exchanging assistance which is fine usually in politics when each other's proposed legislation is voted for.

Since Senator A agrees to vote for Senator K's state project in exchange for Senator K voting for Senator A's state project, this is logrolling.

In Multinational Capital budgeting, project cash flows can diverge from parent cash flows because of the following factors, except?
A. Foreign exchange risks.
B. Size of the subsidiary.
C. Political risk and Country risk.
D. The existence of growth options.
E. Cannibalization due to the replacement of exports by local production.

Answers

Answer: E. Cannibalization due to the replacement of exports by local production.

Explanation:

Multinational capital budgeting simply means when real productive assets is invested in foreign countries.

In Multinational Capital budgeting, project cash flows can diverge from parent cash flows because of foreign exchange risks, subsidiary size, political and country risk and the existence of growth options.

The cannibalization due to replacement of exports by local production isn't among the factors.

Six engineering students have an idea for a new product that they plan to launch in 3 years after graduation. In three years, each engineer will need $7,500 to begin the venture. How much should be invested by each student each year if the interest rate is 6%

Answers

Answer:

Annual deposit= $2,355.82

Explanation:

Giving the following information:

Number of periods (n)= 3 years

Future Value (FV)= $7,500

Interest rate (i)= 6%

To calculate the annual deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (7,500*0.06) / [(1.06^3) - 1]

A= $2,355.82

Kandy Kane Corporation has income before taxes of $400,000 and a loss from discontinued operations pretax of $100,000. If the income tax rate is 25% on all items, the income statement should show income tax expense of

Answers

Answer:

The income tax expense = $100000

Explanation:

Below is the given values:

Income before the taxes = $400000

Loss discontinued = $100000

Income tax rate = 25%

In order to calculate the income tax expense, just find the 25% of the income before tax and the resulting answer will be the income tax expense.

The income tax expense = 25% x 400000

The income tax expense = $100000

Decision tree probabilities are primarily used to a.find overlooked choices to the problem. b.analyze more complex problems and to identify an optimal sequence of decisions. c.analyze less complex problems while identifying the optimal sequence of decisions. d.None of these choices are correct.

Answers

Answer:

b.analyze more complex problems and to identify an optimal sequence of decisions.

Explanation:

The probabilities of the decision tree should be applied in order to have an analyse for more problems that are complex in nature also it helps in identifying the optimal sequence for the decisions

So as per the given scenario, the option b is correct

And, the remaining of the options seems wrong

b. Analyze more complex problems and to identify an optimal sequence of decisions.

It is advisable to use the decision tree's probability to analyze more complicated problems because they aid in determining the best order for making judgments.

Therefore, based on the scenario stated, option b is appropriate.

Additionally, the remaining solutions seem flawed.

To learn more about information visit complex problems :

brainly.com/question/28015562

Suppose most people regard emeralds, rubies, and sapphires as close substitutes for diamonds. Then DeBeers, a large diamond company, has a. less incentive to advertise than it would otherwise have. b. more control over the price of diamonds than it would otherwise have. c. less market power than it would otherwise have. d. higher profits than it would otherwise have.

Answers

Answer: less market power than it would otherwise have.

Explanation:

Following the information given that most people regard emeralds, rubies, and sapphires as close substitutes for diamonds, then it can be infered that DeBeers, a large diamond company, will have less market power than it would otherwise have.

Since the company has less market power due to other substitutes in the market, there'll be less ability for the company to fix price since customers can easily move to other products and purchase them.

Suppose you have $10,000 in savings when the price level index is at 100. Instructions: Enter your responses rounded to the nearest whole number. a. What is the real value of your savings if the price level increases by 6 percent for the year

Answers

Answer: $9091

Explanation:

The real value of the savings if the price level increases by 6 percent for the year will be calculated thus:

Real Value = Nominal Value × CPI of previous year / CPI of current year

The CPI of current year will be:

= 100 + (100 × 10/100)

= 110%

Then, the real value will be:

= $10000 × 100/ 110

= $9091

SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 1,828,000 Cost of goods sold 991,000 Gross profit 837,000 Operating expenses Salaries expense $ 245,535 Depreciation expense 44,200 Rent expense 49,600 Amortization expenses—Patents 4,200 Utilities expense 18,125 361,660 475,340 Gain on sale of equipment 6,200 Net income $ 481,540 Accounts receivable $ 30,500 increase Accounts payable $ 12,500 decrease Inventory 25,000 increase Salaries payable 3,500 decrease Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Answers

Answer:

                      Statement of Cash Flows (partial)

Cash flows from operating activities

Net income                                                           $481,540

Adjustments to reconcile net income to

net cash provided by operating activities

Income statement items not affecting cash

Depreciation expense                   $44,200

Gain on sale of equipment           -$6,200

Amortization expenses–Patents   $4200

Changes in current operating

assets and liabilities

Decrease in accounts payable    -$12,500

Decrease in salaries payable       -$3,500

Increase in accounts receivable  -$30,500

Increase in Inventory                    -$25,000

Net changes                                                          -$29,300

Cash flows from operating activities                  $452,240

Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 1,600 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $6 per unit of average inventory. Every time an order is placed for more of item X, it costs $12. a. Whenever item X is ordered, what should the order size be

Answers

Answer:

80 quantities

Explanation:

to get the order size of the item, we have to use this formula

[tex]optimal quantity = \sqrt{\frac{2DS}{H} }[/tex]

From this formula above,

D = annual demand = 1600

s = set up cost= 12

h = holding cost = 6

[tex]\sqrt{\frac{2*1600*12}{6} }[/tex]

[tex]\sqrt{6400} \\=80[/tex]

from this solution above, the order size should be 80  quantities

thank you

relationship between short and long run in Philips curve

Answers

Answer:

In the short-run, inflation and unemployment are inversely related; as one quantity increases, the other decreases. In the long-run, there is no trade-off. In the 1960's, economists believed that the short-run Phillips curve was stable.

Explanation:

https://courses.lumenlearning.com/boundless-economics/chapter/the-relationship-between-inflation-and-unemployment/

Corn Dog Corp expects net income next year to be $609,000. Inventory and accounts receivable will have to be increased by $302,000 to accommodate this sales level. Corn Dog will pay dividends of $403,000. How much external financing will Corn Dog need assuming no organically generated increase in liabilities

Answers

Answer:

$96,000

Explanation:

Increase in current assets = $302,000

Retained earnings = Net income - Dividends

Retained earnings = $609,000 - $403,000

Retained earnings = $206,000

External financing needed = Increase in current assets - Retained earnings

External financing needed = $302,000 - $206,000

External financing needed = $96,000

True or false: Demand is created through meeting customer buying criteria, awareness (promotion) and accessibility (sales distribution), and credit terms.

Answers

Answer:

false

Explanation:

You run a hospital with 100 rooms. Fixed daily cost is $935.00 which includes staff salary, property charges, maintenance etc. Variable cost per room is $10.00 which includes cleaning, equipment rentals, utility cost etc. which is incurred only when the room is full. You charge $77.00 per room per day. You sold 40.00 rooms today, how much profit/loss did you earn for today.

Answers

Answer: $1,745

Explanation:

Profit ( loss) = Sales -  Fixed costs - Variable costs

Sales = Rate per room * number of rooms rented

= 77 * 40

= $3,080

Variable costs = 40 * 10 per room

= $400

Profit (loss) = 3,080 - 935 - 400

= $1,745

Framjam Sports Equipment produces basketballs at its factory in Kentucky and soccer balls at its factory in Illinois. At its current annual rate of production, the cost of producing basketballs is $70,000 and the cost of producing soccer balls is $45,000. If the firm consolidates production at a single location, the annual cost of production will be $100,000. What is the degree of economies of scope in this case?

Answers

Answer:

0.15

Explanation:

The computation of the degree of economies of scope in this case is given below:

(cost of producing basketballs + cost of producing soccer balls - annual cost of production) ÷ annual cost of production

= ($70,000 + $45,000 - $100,000) ÷ $100,000

= 0.15

In the information age, the obligations that individuals and organizations have concerning rights to intellectual property fall within the moral dimension of: __________
a) property rights and obligations.
b) accountability and control.
c) quality of life.
d) information rights and obligations.
e) system quality.

Answers

Answer:

a) property rights and obligations.

Explanation:

In the case of the information age, the liabilities at which the individuals and the organizations would be concerned related to the intellectual property could decline that lies with the moral dimension of the property rights and its liability as the intellectual property includes the property rights

SO as per the given situation, the option a is correct

The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after selling the other assets for $50,000. On dissolution of the partnership, Janet should receive:

Answers

Answer:

$30,000

Explanation:

The computation of the amount received by Janet is given below:

Loss on sale of other assets is

= $150,000 - $50,000

= $100,000

Share of Janet in loss is

= $100,000 × 5 ÷ 10

= $50,000

So,  

Janet revised capital balance is

= $80,000 - $50,000

= $30,000

When Social Security was first instituted by President Franklin Roosevelt in 1935, the payroll tax rate on wages used to fund the program was

Answers

Answer: Social security retirement program .

Explanation:

An analyst prepares the following common-size income statements for Perez Company: 20X1 20X2 20X3 Sales 100% 100% 100% Cost of goods sold 50% 52% 53% Selling and administrative expense 16% 12% 9% Interest income 4% 4% 4% Pretax income 30% 32% 34% Income tax expense 15% 16% 17% Net income 15% 16% 17% Based only on this information, Perez's improving net profit margin is most likely a result of:

Answers

Answer:

Perez Company

Based only on this information, Perez's improving net profit margin is most likely a result of:

Decreasing Selling and Administrative Expenses over the years.

Explanation:

a) Data and Calculations:

Perez Company

Common-size Income Statements for three years:

                                                         20X1     20X2     20X3

Sales                                                 100%     100%      100%

Cost of goods sold                            50%      52%       53%

Selling and administrative expense  16%       12%         9%

Interest income                                   4%         4%         4%

Pretax income                                   30%       32%      34%

Income tax expense                          15%       16%        17%

Net income                                        15%       16%        17%

b) A review of the common-size income statement of Perez Company shows that its selling and administrative expenses continued to reduce an average of 300 percentage points year on year.  This reduction can be clearly seen in its improved net income, which also continued to improve year on year.  However, the improvement was hampered by increasing income tax expense, which witnessed the same increase.

1992 governance was introduce as​

Answers

Answer:

By kingdoms the governance was introduce

Down and Out Co. operates an executive placement service for corporate executives displaced by corporate restructuring. Its monthly total cost of cases is given by TC = 25 Q 1/2 + 2,500; the average cost at a caseload of 25 attempted placements per month is:

Answers

Answer:

The average cost at a caseload of 25 attempted placements per month is 105.

Explanation:

The total cost function given in the question first correctly stated as follows:

TC = 25Q^1/2 + 2,500 ................ (1)

A caseload of 25 attempted placements implies that:

Q = 25

Substitute Q = 25 into equation (1), we have:

TC = (25 * 25^(1/2)) + 2,500 = 2,625

The average cost (AC) can now be calculated as follows:

AC = TC / Q = 2,625 / 25 = 105

Therefore, the average cost at a caseload of 25 attempted placements per month is 105.

With so many workers habituated to using mobile devices for so much of their work, should company management develop apps for influencing subordinates? Explain your reasoning.

Answers

Answer:

This is not a yes or no answer.

The action of leadership/management would depend on their assessment of the impact of the habit on the results being delivered by the workers.

The questions to ask are:

Does the use of the mobile phone for their work reduce or increase productivity?Does what are the advantages? are there disadvantages?What would developing an app achieve for management?

Explanation:

In trying to influence workers who are already habituated or accustomed to a particular way of doing things, it is best practice to study the culture and establish what its advantages are. This can then be compared to its demerits. If the demerits clearly and consistently present risks that make of no relevance the advantages, the leader(s) must move to correct such a risk.

So assuming that using mobile phones makes ICT risks (such as loss of company data, loss of company data, risk of unauthorised access etc) even more pronounced, whether or not the app is the best solution will depend on the total cost of that solution to the company weighed against other options.

Other options could simply be

- looking for an already existing app

- banning the using of mobile phone for office work using etc

- re-establishing the use of laptops as the preferred work tool

In any of the above scenarios, the leadership will succeed in influencing its workers positively if it:

plays its part well as a cultural shift role modelbecomes an arbiter of the policies modifying changes affecting work styleencourages the new workstyle by rewarding those that embrace it openly manage change by ensuring that there is a training platform that helps ease the transition into the new work style.

Cheers

Journ Co. purchased short-term investments in available-for-sale securities at a cost of $52,000 on November 25, 2017. At December 31, 2017, these securities had a fair value of $48,800. This is the first and only time the company has purchased such securities.

Required:
a. Prepare the November 25, 2017, entry to record the purchase of securities.
b. Prepare the December 31, 2017, year-end adjusting entry for the securities’ portfolio.
c. For each account in the entry for part 2, explain how it is reported in financial statements.
d. Prepare the April 6, 2018, entry when Journ sells one-half of these securities for $26,000.

Answers

Answer:

Journ Co.

Journal Entries:

a. November 25, 2017:

Debit Investments in available for sale securities $52,000

Credit Cash $52,000

To record the purchase of available for sale securities.

b.

December 31, 2017:

Debit Unrealized loss on available for sale securities $3,200

Credit Investments in available for sale securities $3,200

To record the adjusting entry for the securities.

c. The unrealized loss on available for sale securities of $3,200 ($52,000 - $48,800) will be reported in the income statement as unrealized loss in the OCI section.  In the balance sheet, the investment will be reported at $48,800.  This adjustment does not affect the cash flows statement.

d.

April 6, 2018:

Debit Cash $26,000

Credit Investments in available for sale securities  $26,000

To record the sale of one-half of the securities.

Explanation:

a) Data and Analysis:

November 25, 2017: Investments in available for sale securities $52,000 Cash $52,000

December 31, 2017: Unrealized loss on available for sale $3,200 Investments in available for sale securities $3,200

April 6, 2018: Cash $26,000 Investments in available for sale securities  $26,000

An increase in debit balances means more investing by naive investors and would be a bearish indicator.
a) true
b) false

Answers

Answer:

b) false

Explanation:

An increase in debit balances means more investing by naive investors and would be a bearish indicator.

A debit balance can be regarded as account balance that has positive balance at the left side of the account.

Some of the Accounts with debit balance are;expenses as well as

assets and losses. Some of these accounts Examples could be fixed assets accounts receivable as well as fixed assets. Some Contra accounts usually have debit balances , some of theses are;contra equity and contra liability. Typical example is the treasury stock account. bearish harami which can be regarded as candlestick chart indicator, ,that is responsible for reversal as regards bull price movement.

Market efficiency is probably the most controversial concept in finance. Even recent winners of the Nobel Prize in Economics come down on opposite sides of the issue. Nonetheless, it is important for you to grapple with this idea. It has very important practical implications for investment decisions, including (especially) for your personal investment decision. In particular, should you pursue active or passive strategies

Answers

Answer:

Active strategies should be pursued when the market is more volatile, with larger fluctuations over a shorter period of time, that require a more active management of a portfolio, in order to take advantage of fast changing positions in different assets, and also in order to avoid possible losses due to staying in particular positions for too long.

Passive strategies is more long-term focused, and should be pursued when the economy is more stable. Passive strategies should be analyzed carefully before execution because once the passive investment is made, the idea is to keep the position for a long period of time instead of buying and selling constantly as in a active strategy.

Other Questions
A Ud le han pedido escrobir un articulo para el periodico de su colegio. Escriba un ensayo de 5 oraciones explicandoles a sus companeros la importancio de comer bien y como evitar problemas de salud All of the following are anticipated effects of a proposed project. Which of these should be considered when computing the cash flow for the final year of the project? Operating cash flow and salvage values only Salvage values and net working capital recovery only Operating cash flow, net working capital recovery, salvage values Net working capital recovery and operating cash flow only Operating cash flow only Identify the true statements regarding hydrogen bonding. Select all that apply. Group of answer choices Hydrogen bonding occurs when a hydrogen atom is covalently bonded to an N, O, or F atom. A cylindrical tin has a radius of 3 cm. What is the shortes length of a string that can be wound once round the curved surface of the tin?(Takeby =3.14) The sales tax for an item was $18.40 and it cost $460 before tax.Find the sales tax rate. Write your answer as a percentage. Look at image to see question Which of the following is an example of exponential growth?A. Investing $1,000 at an annual interest rate of 3%, compounded monthlyB. A bacterial culture increases by 1,000 bacteria per dayC. The height of a tree increases by 2 feet each yearD. Water drips into a bucket at a rate of 2 pints each minute Which amendment was later repealed? A. Seventeenth Amendment B. Eighteenth Amendment C. Fifteenth Amendment D. Sixteenth Amendment The management of Fuzzy Button Clothing Company controls 58% of the company's stock. The firm did not meet any of its quarterly sales projections for the last year. Some of the firm's institutional investors are worried that the firm's poor performance is partly because management has not been focused on maximizing shareholder wealth. Which of the following measures would the institutional investors most likely want to see implemented? A. They would like to see the size of the board of directors increased, because larger boards usually implement a higher degree of corporate governance. B. They would like to see that the company has an interlocking board of directors with one of the company's strategic partners C. They would like to see that the majority of the company's board of directors is composed of true outsiders. It is reasonable to assume that a firm's management is going to be ultimately motivated to act in their own best interest. It can be a serious problem for shareholders if management's self-interests do not align with shareholders' self-interests. Select the statement that best describes the board of directors' actions in the following scenario: Happy Lion Manufacturing Inc. currently has $1.1 billion in cash on its balance sheet. The CFO thinks the firm will need $600 million in cash to finance operations for the next year. The CFO has recommended that the firm keep the excess cash in a marketable securities portfolio to allow for unexpected costs. However, the board of directors has decided that the firm will pay this money out to the shareholders in the form of a cash dividend. D. The board's decision will give management the incentive to make decisions that are not in the shareholders' best interest. E. The board's decision will help align management's interests with the shareholders' interests. F. The board's decision is extremely risky and not very practical Flash Player WIN 32,0,0.387 Match the vocabulary word to its correct definition.1. mean The mean is the average value of the data you collect. In statistics, you find the mean of your sample. Then you use that mean to approximate the mean of the entire population. If you want the mean of the data to be a good approximation of the mean of the entire population, your need to make sure that you collect a random sample. To find the mean, you find the sum of the data points you collected and divide it by the number of data points in the set. For example, if the data you collected was {3, 3, 6}. Then the mean would be (3 + 3 + 6) 3 = 12 3 = 4. It's important to note that the mean does not have to be a data point in your set. You can generalize the formula as well. If you collect n data points {d1, d2, d3, dn}, then the mean of your data set is . The Greek letter pronounced "mu"is used because the word "mean" begins with the letter "m." It is important that you divide by the number of data points in your set, n. 2. population An experiment is a well-defined procedure under controlled conditions designed to gather data that tests a hypothesis. For example, you want to test the hypothesis that flowers grow faster when they are watered every other day as opposed to every day. Then you could water one set of plants every day and another set of plants every other day. What data would you collect? The height of each plant once a day. What conditions would you need to control? You would need to make sure that the groups of plants are treated the same in every other way by getting the same amount of sun and being maintained at the same temperature, etc. 3. experiment Bias is the preference for a particular group or subset. In the example above, the bias was toward viewers who like sports. When your sample is not chosen at random, you introduce bias into your study. So, in a certain sense, a biased sample is the opposite of a random sample. Why? In a biased sample, some members of the population are more likely to be chosen than others. In a random sample, every member of the population is equally likely to be chosen. Bias may also occur in surveys. See "survey" below for more information on this type of bias. 4. sample A population is the entire group you want to understand. So, in a certain sense, you can think of the population as the "opposite" of the sample because a sample is not the entire population. A sample is chosen subset upon that you use to draw conclusions about the entire population. 5. bias Random means free from bias. So, if you choose a random sample from a population, every member of the population has an equal chance of being chosen. It should be pointed out that this "true randomness" is an ideal which is difficult to achieve in real world experiments conducted on real world populations. That is why statisticians make every effort to ensure their samples chosen as free from bias as is possible, that is, as randomly as possible under real world conditions. 6. survey A sample is a subset chosen from a population. In most cases, you want a random sample. Why? A random sample has the best chance of accurately representing the entire population. 7. random A survey is the means of collecting a sample. In statistics, a survey is often a question or set of questions. It is critical that the questions, like the sample itself, be free from bias. Bias in a question tends to favor one response. As an extreme example of a biased question about colors might be, "Don't you think blue is beautiful and yellow is yucky?" An unbiased form of the question might be, "Which color do you prefer, blue or yellow?" Though careful, statisticians might be concerned about the order in which the colors are offered, so that might further simplify the question to, "What is your favorite color?" This type of question is most free from bias because it does not suggest a response and therefore does not favor a response. 2) Select the best answer ( using past simple and past continuous ) a) Cindy _______ lifting weights _____ I ____ in to the gym a) Where/ is / get b) Was/is/get c) Was/when/got d) Was/when/get b) The accident _________ when Charlie was ______ a) Didnt Happen/ driving b) Didnt happened / driving c) Didnt happen/ drives d) Didnt happened / drives c) They ____________ when I_________ the door a) Was fight / open b) Were fight / opened c) Was fighting / open d) Were fighting / opened Mark made a sandwich that was 5 inches long and 7 inches high. If he cutsthe sandwich in half, what would be the diagonal length of the sandwich? a sky driver jumps from an aircraft. the mass of sky driver sky driver is 70kg. state the equation linking weight,mass,and gravitional field strenght. Helpppppppp pleaseeee!!!!!!!! triangle ABC is similar to triangle XYZ. fine side a A researcher found a beautiful plant while traveling in Alaska and collected its seeds. When she came back to Florida, she soaked some of the seeds in pure water and some of these seeds in a water hormone solution. When she put all of the seeds in the soil to grow, only the seeds that had been soaked with the hormone germinated. The hormone most likely was The parts can be purchased from an outside supplier for only $28 each. The space in which the parts are now produced would be idle and fixed production costs would be reduced by one-fourth. If the parts are purchased from the outside supplier, the annual impact on the company's operating income will be:________a) $24,000 increase b) $24,000 decrease c) $56,000 increase d) $56,000 decrease Ethical principle for global business Describe a NAMED example of a non-equilibrium system with respect to its energetic nature and equilibrium status. Your roommate is acting very strangely. Although she has not slept much in the past few days, she says she is on top of the world. She has cleaned and re-cleaned her closets several times. She has invested in a questionable financial venture. This period of non-stop activity has lasted for well over a week and is in sharp contrast to the depression and fatigue she exhibited in the previous semester. The DSM-IV diagnosis would most likely be