Telephone calls arrive at a global airline reservation office in Louisville according to Poisson distribution with a mean of 3.5 calls per minute what is the probability of receiving exactly 3 calls during a one minute interval
Q: Your client, a carpenter, donated one of his handcrafted wooden desks to his church, a qualified pub...
A: As per IRS rules , when a doner donates donation in kind , then the doner c...
Q: Jakarta Company is a service firm with current service revenue of $400,000 and a 40% contribution ma...
A: I am answering the first three sub-parts of the question as per bartleby guidelines. Please re-submi...
Q: Alex Sun had the following transactions. Use the accounting equation to show their effect on his Ass...
A: Please see Step 2 for required information.
Q: Kayla Gordan plans to borrow $300,000 from ANZ bank to set up a Nail Salon.She currently has $10,000...
A: Given information, Plan to borrow from bank = $300,000 Savings = $10,000 Security for loan = house...
Q: The following is a table of liquidity ratio calculated for an ice-cream company for two years. Analy...
A: In case of a question with more than 3 sub-parts, the first three subparts are solved rest can be po...
Q: Prepare the necessary journals for the given transactions 1. Cash paid to Sara BD 600 2. Sold Furnit...
A: The first step in accounting is a journal entry, which is used to record a business transaction in a...
Q: Mooresville Corporation manufactures reproductions of eighteenth-century, classical-style furniture....
A: Predetermined Factory Overhead Rate=Budgeted Factory OverheadBudgeted Direct Labor Hours
Q: Determine stock velocity and debtors velocity with the help of following information Description K) ...
A: Stock Velocity = Average Stock/Cost of goods sold x 360 Debtors Velocity = Average accounts rece...
Q: In a process costing system, which account shows the overhead assigned to the department?A. cost of ...
A: Process costing appears to be an accounting approach often used by organizations that mass produce b...
Q: ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC cha...
A: Following information was available from the given question: Total materials purchased (including di...
Q: Sarasota Corp. reported net sales $ 600,000, cost of goods sold $ 336,000, operating expenses $ 160,...
A: Formula: Profit margin = ( Net income / Net sales ) x 100
Q: Gretchen’s sales, current assets and current liabilities (all in thousands of pesos) have be...
A: 1. Horizontal Analysis - Horizontal Analysis is calculated by first calculating difference between b...
Q: Which is not a step in analyzing the cost driver for manufacturing overhead?A. identify the costB. i...
A: All indirect expenses involved during in the manufacturing process are referred to as manufacturing ...
Q: Which of the following best defines the management accountants initial data analybics role in alilia...
A: Obtaining and exploring relevant data for decision making.
Q: 1. During the year, Moses won $5,500 from casino gambling. However, Moses was not so lucky when bett...
A: In this question, we will find out that how much should Moses report in his 1040 Form Sr. in 2021 Ta...
Q: Which type of incurred costs are not relevant in decision-making (i.e., they have no bearing on futu...
A: Cost accounting is one of the branch of accounting. Under this, various type of costs are being calc...
Q: Explain the limitation of ratio in a business
A: Accounting ratios are an essential component of financial statement analysis. A ratio is a mathemati...
Q: Project L requires an initial outlay at t = 0 of $53,000, its expected cash inflows are $10,000 per ...
A: Payback period refers to the amount of time that will be taken by the entity to recover the total in...
Q: ordan is considering purchasing an investment costing $42,000 that will save power costs of $14,000 ...
A: In this question, we have to calculate the cashflow after taxes each year.
Q: Given the following list of accounts with normal balances, what are the trial balance totals of the ...
A: Introduction: Trial balance: All final ledger accounts balances are posted in Trial balance to check...
Q: Moisha is developing material standards for her company. The operations manager wants grade A widget...
A: Since actual costs could not be predicted in advance, standard costs represent approximations of the...
Q: h to go over the figures for a new $90 million outlet mall designed to intercept tourists heading do...
A: The projections are given. To find the project NPV and the analysis.
Q: ________ are the costs associated with not choosing the other alternative.A. Sunk costsB. Opportunit...
A: The term "cost" alludes to the overall expense incurred in the production of goods and services as w...
Q: Acme Inc. has the following information available: Actual price paid for material $0.90 Standard pr...
A: Material Price Variance (MPV) MPV = (SP - AP) x Actual Quantity. Where, SP = Standard Price = $1 AP...
Q: Which of the following are assets? (Select all that apply.) Land Supplies Expense Wages Payable
A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net...
Q: Qestion 1 a) Many loan agreements have financial covenants that rely on: Multiple Choice A. float...
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...
Q: Semiconductor had receiv rom the incoming quality tion centers. Below is give
A: Total quality management (TQM) is the ongoing process of identifying and reducing or eliminating pro...
Q: Concord Corporation had net income of $203000 and paid dividends to common stockholders of $35000 in...
A: The total price-earnings ratio has been calculated by dividing the market price per share by earning...
Q: Use the information provided to create a standard cost card for production of one glove box switch. ...
A: A standard cost card specifies the typical amount of materials, labour, and overhead required to mak...
Q: Prepare a statement of income for April 2016
A: Statement of income is one of the financial statement which shows all incomes and all expenses of th...
Q: Compute the PI statistic for Project Q if the appropriate cost of capital is 12 percent. (Do not rou...
A: Profitability Index: The profitability index (PI) is a metric used to assess the desirability of a p...
Q: Problem 2 Erika Company operates lovalty program. The entity grants loyalty points for goods purchas...
A: Solution Revenue is the total amount of income generated by the sale of goods or services related to...
Q: uponthe renovation of its fac oming year and for they expect an outflow of $5 tely and they expect t...
A: BCR is the Benefit cost ratio method in this ratio of present value of benefits to the present value...
Q: Nia company is involved in litigation regarding a faulty product sold in a prior year. The entity ha...
A: There is a 40% chance of losing the case and in case of losing the case the payment would be P500000...
Q: Determine Debt-Equity Ratio, Proprietary Ratio and Funds Proportion Ratios with the help of followin...
A: NOTE : As per our rules we have to give only 2 answers for interlinked questions for another one yo...
Q: 2. Why is it so important thata company have strong internal control procedures?
A: Introduction:- Internal control procedures plays vital role in any organization. Internal controls ...
Q: On January 1, 2019, Major purchased a machine that had an estimated useful life of six years and $5,...
A: Depreciation rate = (1 / useful life) x100 (1/6) x 100 = 16.67% 150% declining depreciation rate = ...
Q: Accounting information helps key stakeholders of the business to make decisions.From the following o...
A: Accounting data refers to information about a business's transactions. From purchasing inventory and...
Q: Other Operating Sales Revenue Cost of Goods Sold Gross Profit Net Income Expenses Firm $125,000 $ 60...
A: Formula: Gross profit = Sales revenue - Cost of goods sold
Q: Only business expenses incurred in the generation of business gross income are deductible. a. With...
A:
Q: Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in January and 18,00...
A: Budget is prepared for controlling the costs incurred by estimating the costs and revenues in advanc...
Q: Mrs. C-hammer, the owner of Tura innovations, invests N$140 000 in her business. She also approaches...
A: A business valuation seems to be the procedure of evaluating the economic worth of an entire company...
Q: Louis spent $200 playing bingo at his church. Since the profits went to the church, Louis can deduct...
A: Games are generally organised by charitable institutions. Bingo is a game and which is organised by ...
Q: Boriales Company provided the following transactions relating to its raw materials inventory during ...
A:
Q: Which financial statement shows the financial position of the company?A. balance sheetB. statement o...
A: The information contained in a company's financial statements serves as the basis for corporate acco...
Q: Uno Company reported income before tax for the first six months ended June 30, 2021 at P5,000,000. H...
A: Interim financial statements are those financial statements which are prepared in between two financ...
Q: Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost ...
A: I am answering the first 3 sub-parts of the question as per bartleby guidelines. Please re-submit th...
Q: Your examination of Sullivan Company’s records provides the following information for the December 3...
A: The practice of recording financial activity for the first time in the accounting records is known a...
Q: The master budget will be different from business to business.This is due to all of the following,ex...
A: Solution Master budget is a comprehensive financial planning document . It is usually includes all o...
Q: A company purchased a computer system on January 1,2021 for S1,600,00 and sold it one year later on ...
A: Formula: Straight line method depreciation: = ( Asset cost - Salvage value ) / Useful life
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- a. Assume that the cost of goods sold is 60% and that the monthly discount rate is 1%. Looking at the values in the exhibit above, you note that the average monthly revenue for a subscribed customer rises as the company sends more emails. In addition, the average monthly revenue for an unsubscribed customer also rises as the company sends more emails. What could explain both of these patterns? b. Calculate the 6-month LTV for each of the four tested email frequencies. Please show the spreadsheet with your calculations and be clear about any assumptions you are making. c. Based on this test, how many emails-per-week should the company be sending to its customers? This email frequency should apply to all customers; the company doesn't want to implement a different email frequency for different kinds of peopleBrightLine Medical Products delivers medical supplies to small offices across the metro area. The typical BrightLine customer orders $1,200 worth of supplies in the average month. BrightLine believes that the average customer stays with BrightLine for 2.4 years. What is BrightLine's MONTHLY CHURN RATE for these small office customers? (Report your answer as a percent. Report 25.5%, for example, as "25.5". Rounding: tenth of a percent.) ANSWER IS: (3.5), but HOW is that the answer? Please explain.Assume Intervale Railway is considering hiring a reservations agency to handle passenger reservations. The agency would charge a flat fee of $13,000 per month, plus $3 per passenger reservation. What is the total reservation cost if 200,000 passengers take the trip next month? $613,000 $3.07 $600,000 $13,000
- For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83. Construct a time series plot. What type of pattern exists in the data? Compare a three-month moving average forecast with an exponential smoothing forecast for α = 0.2. Which provides the better forecasts using MSE as the measure of model accuracy? What is the forecast for next month?Emergency 911 calls to a small municipality in Idaho come in at the rate of one every two minutes. Assume that the number of 911 calls is a random variable that can be described by the Poisson distribution. a. What is the expected number of 911 calls in one hour? b. What is the probability of three 911 calls in five minutes? c. What is the probability of no 911 calls during a five-minute period?Analyze Pacific Airways Pacific Airways provides air travel services between Los Angeles and Seattle. Cost information per flight is as follows: Each flight has a capacity of 150 seats, with an average of 125 seats sold per flight at an average ticket price of 180. Assume Pacific Airways is considering a new service that would provide tickets at half price. Passengers would need to fly standby to receive the discount, but would be provided a flight for a given day of travel. An analysis revealed that an average of 8 existing passengers would use the new discounted tickets for travel. In addition, 15 new passengers would be attracted to the offer. a. Determine the contribution margin per passenger for the full-priced ticket. b. Determine the break-even number of seats sold per flight. c. Determine the contribution margin per passenger for discounted tickets. d. Should Pacific Airways offer the discounted ticket plan? Answer the question by computing the incremental contribution margin per flight for the plan.
- Assume that the traffic to the web site of Smileys People, Inc., which sells customized T-shirts, follows a normal distribution, with a mean of 4.5 million visitors per day and a standard deviation of 820,000 visitors per day. a. What is the probability that the web site has fewer than 5 million visitors in a single day? b. What is the probability that the web site has 3 million or more visitors in a single day? c. What is the probability that the web site has between 3 million and 4 million visitors in a single day? d. Assume that 85% of the time, the Smileys People web servers can handle the daily web traffic volume without purchasing additional server capacity. What is the amount of web traffic that will require Smileys People to purchase additional server capacity?A hotel having 100 rooms of which 80% are normally occupied in summer and 25% in winter. Period of summer and winter be taken as 6 months each and normal days in a month be assumed to be 30. The total occupied room days will be a. 1525 Room days b. 18900 Room days c. 36000 Room days d. 72000 Room daysPassenger load on a flight Eastern Skies Airlines has three flights that depart from New York City and arrive in Chicago every day. The three flights are as follows: Flight Number Flight Departure Time Flight Frequency 57 8:00 AM 7 days per week 85 10:00 AM 7 days per week 94 11:30 AM 7 days per week Each flight uses a jet with a capacity of 180 seats. The airline measures the utilization of the aircraft by passenger load. Passenger load is the number of seats sold divided by the number of available seats on a flight for a time period. The following operating data are available for June: Flight Number Number of Seats Sold 57 5,130 85 2,592 94 2,376 a. Determine the available seat capacity for each flight number for June.fill in the blank 1 b. Determine the passenger load for each flight number for June. Flight Number Passenger Load 57 % 85 94 c. What recommendations could you provide Eastern Skies…
- Passenger load on a flight Eastern Skies Airlines has three flights that depart from New York City and arrive in Chicago every day. The three flights are as follows: Flight Number Flight Departure Time Flight Frequency 57 8:00 AM 7 days per week 85 10:00 AM 7 days per week 94 11:30 AM 7 days per week Each flight uses a jet with a capacity of 180 seats. The airline measures the utilization of the aircraft by passenger load. Passenger load is the number of seats sold divided by the number of available seats on a flight for a time period. The following operating data are available for June: Flight Number Number of Seats Sold 57 5,130 85 2,592 94 2,376 a. Determine the available seat capacity for each flight number for June.fill in the blank 1 b. Determine the passenger load for each flight number for June. Flight Number Passenger Load 57 fill in the blank 2 % 85 fill in the blank 3 94 fill in the blank 4 c.…The average time that Americans commute to work is 27.7 minutes (Sterlings Best Places, April 13, 2012). The average commute times in minutes for 48 cities are as follows: a. What is the mean commute time for these 48 cities? b. What is the median commute time for these 48 cities? c. What is the mode for these 48 cities? d. What is the variance and standard deviation of commute times for these 48 cities? e. What is the third quartile of commute times for these 48 cities?A hotel pays the phone company $200 per month plus $.15 for each call made. During January 7,000calls were made. In February 8,000 calls were made.Required:1. Calculate the hotel’s phone bills for January and February.2. Calculate the cost per phone call in January and in February.3. Separate the January phone bill into its fixed and variable components.4. What is the marginal cost of one additional phone call in January?5. What was the average cost of a phone call in January?
