Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 14.2, Problem 7P
a)
Summary Introduction
To create: The pivot table that shows the average of each ratio.
Introduction: Simulation model is the digital prototype of the physical model that helps to
b)
Summary Introduction
To classify: The companies as bankrupt or not using logistic regression.
Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.
c)
Summary Introduction
To classify: The companies as bankrupt or not using logistic regression use pair of accounting ratios.
Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
The director of a nonprofit ballet company is planning its next fundraising campaign. In recent years, the program has found the given percentages of donors and gift levels. These were used to develop a spreadsheet model to calculate the total amount donated. Use a one-way
data table to show how the amount varies based on the number of solicitations.
E Click the icon to view the ballet company fundraising model.
ballet company fundraising model
Fill in the missing values from the one-way data table to show how the amount varies based on the number of solicitations.
A
D
1 Ballet Company
(Simplify your answers. Type integers or decimals. Do not round.)
Solicitations
Total
Donations
Amount
$10,000
3 Gift Level
Average Number of Gifts
4 Benefactor
5 Philanthropist
6 Producer's Circle
7 Director's Circle
8 Principal
9 Soloist
3
$5,000
500
12
27
51
5%
12%
600
$1,000
$500
$100
$50
700
of solicitations
800
24
of solicitations
900
11 Solicitations
1,000
1000
12
13 Total Donations
$153,500
1100…
Solve for the predicted values of y and the residuals for the following data.
Advertising
12.5
3.7
21.5
60.0
37.6
6.1
16.6
41.2
Sales
141
55
338
994
542
89
126
379
(Do not round the intermediate values. Round your answers to 4 decimal places, e.g. 1.7585.)
y
Predicted ( ŷ )
Residuals (y – ŷ )
12.5
141
3.7
55
21.5 338
60.0
994
37.6 141
6.1
89
16.6
126
41.2 379
Queenstar Company manufactures smartphones and tablets. Its main customers are retailers who then sell to the general public. The company’s manufacturing is spread across five sits and goods are stored in its nine warehouses located across the country. You are an audit supervisor of Akof & Co and in preparation for the forthcoming audit for the year ending 30 June 20X7, you are reviewing the following notes your audit manager has provided you with in relation to the company’s internal controls.
Queenstar Company has a small internal audit (IA) department. During the year, the IA started a programme of physically verifying the company’s assets and comparing the results to the non-current assets register, as this type of reconciliation had not occurred for some time. To date only 15% of assets have had their existence confirmed as IA has experienced significant staff shortages and several members of the current IA team are new to Queenstar Company.
During the year, Queenstar Company…
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- 1. Which of the following best describes Financial Management? A) It is the specialty area of finance concerned with financial decision-making within a business entity. B) It is concerned with the use of funds - the buying, holding, or selling of all types of assets. C) It is concerned with the procuring of funds that can be used for long-term investing and financing day-to-day operations. D) All of the other choices best describe Financial Management. 2. Which of the following least describes Financing Decisions? A) Financing decisions are concerned with the procuring of funds that can be used for long-term investing and financing day-to-day operations. B) It is focused on the proper acquisition of cash, cash equivalents, and trading securities for use in a company's operations and investments. C) It involves incurring of debt, through bank loans or sale of bonds, to finance a company's operation and investments. D) It also deals with dividend decision, which involves how much of a…arrow_forwardWhat is the main reason lenders pay borrowers' property taxes through a pre-paid escrow account? It prevents a tax lien from being applied to the home. The tax lien would be senior to the mortgage lien. It prevents the borrower from refinancing with another lender because they would lose all of their escrow funds. It allows the lender to earn interest on the pre- paid tax money as itsits in the account. It allows the lender to take advantage of corporate tax deductions.arrow_forwardList the factors that should affect the auditor’s decision whetherto analyze an account balance. Considering these factors, list four expense accounts thatare commonly analyzed in audits.arrow_forward
- Changes in consumer preferences, tax laws, interest rates, levels of risk, exchange rates, demand for employees and their expertise, etc. are all conditions a company regularly face. Predicting and addressing these changing conditions requires what kind of analytics?A. DescriptiveB. DiagnosticC. PredictiveD. Prescriptivearrow_forwardUsing the data in the following table, calculate the return for investing in Boeing stock (BA) from January 2, 2008, to January 2, 2009, and also from January 3, 2011, to January 3, 2012, assuming all dividends are reinvested in the stock immediately. Historical Stock and Dividend Data for Boeing Date Price Dividend Date Price Dividend 1/2/2008 86.62 1/3/2011 66.40 2/6/2008 79.91 0.40 2/9/2011 72.63 0.42 5/7/2008 84.55 0.40 5/11/2011 79.08 0.42 8/6/2008 65.40 0.40 8/10/2011 57.41 0.42 11/5/2008 49.55 0.40 11/8/2011 66.65 0.42 1/2/2009 45.25 1/3/2012 74.22 Return from January 2, 2008, to January 2, 2009 is how much? (Round to two decimal places.)arrow_forwardCompany started divesting their funds when there is a global financial crisis and the interest are way high than normal, which they expect would allow them to earn more during this situation. The theory observed by Honesty is: a. Expectation Theory b. Loanable Fund Theory c. Market Segmentation Theory d. Liquidity Preference Theory Which of the following statements is incorrect? Financial instruments are designed to handle the problem of asymmetric information. Derivative instruments are primary used to shift risk among investors. Financial instruments obligate one party (person, company, or government) to transfer something to another party. In equity and debt securities, the expected return is called dividends.arrow_forward
- Which of the following best describes the difference between financial accounting and tax accounting? Financial accounting is what managers use for internal, decision making purposes while tax accounting is used for creditors, investors, and the general public. They are both used for income tax reporting purposes, and they are both required by the SEC to be issued and made public so that they can be used by creditors, investors, and the general public Financial accounting is used for income tax reporting purposes and tax accounting is used by managers for internal, decision making purposes. Financial accounting is used by creditors, investors, and the general public, while tax accounting is used for income tax reporting purposes None of these answers is correctarrow_forwardThe first step in performing projected financial analysis is to • prepare the projected balance sheet. forecast sales as accurately as possible. take an inventory of goods. calculate the projected net income. estimate increases in debt.arrow_forwardManagement accounting information systems has three broad objectives. Which of the following is NOT one of the objectives? a. Provide information for the functions of management b. Provide information for management decision making c. Provide information for external decision making d. Provides information for costing services and products of interest to managersarrow_forward
- Returns means Select one: a. A sum of money borrowed in a bank b. The money invested in a business c. Money placed in a bank d. The profits made on investmentsarrow_forwardInformation that is used by investors for expecting future earnings is recorded in Select one: a. Annual Report b. Five Years Report c. Exchange Report d. Stock Reportarrow_forwardIndicate whether the statement is true or false, and justify your answer.The primary sources of funding for Medicaid are payroll taxes (paid by workers), and premiums, deductibles, and copayments (paid by patients).arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Single Exponential Smoothing & Weighted Moving Average Time Series Forecasting; Author: Matt Macarty;https://www.youtube.com/watch?v=IjETktmL4Kg;License: Standard YouTube License, CC-BY
Introduction to Forecasting - with Examples; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=98K7AG32qv8;License: Standard Youtube License