The time between calls to a corporate office is exponentially distributed random variable X with a mean of 10 minutes. Find: (A) fx(x) KD)

Answers

Answer 1

Given: The time between calls to a corporate office is exponentially distributed random variable X with a mean of 10 minutes.

Formula used: The probability density function of the exponential distribution is given by:

[tex]$f(x)=\frac{1}{\theta} e^{-x/\theta}$[/tex]

The cumulative distribution function of the exponential distribution is given by:

[tex]$F(x)=1 - e^{-x/\theta}$[/tex]

To find: [tex](A) $f_x(x)$[/tex] KD. The probability density function of the exponential distribution is given by: [tex]$f(x)=\frac{1}{\theta} e^{-x/\theta}$[/tex]

Here, [tex]$\theta$[/tex] = mean of the distribution = 10 minutes.

Substituting the values in the probability density function, we get: [tex]$f(x)=\frac{1}{10} e^{-x/10}$[/tex]

Therefore, the required density function of the distributed random variable X is: [tex]$(A) f_x(x) = \frac{1}{10}e^{-x/10}$[/tex]KD.

To know more about density function, visit:

https://brainly.com/question/31039386

#SPJ11


Related Questions

1-Pearson Publishing expects to sell $2 million of its new edition of "Foundation of Finance." However, $200,000 of this amount would have been spent on its existing past edition of the textbook. The $2 million is the appropriate cash inflow for the new edition of the book
true or false

2-Companies should use accounting profits, not cash flows, to make capital budgeting decisions.
true or false

Answers

(1) The statement that, "The $2 million is appropriate cash-inflow for the new edition of the book" is False because the cash-inflow is $1.8 million.

(2) The statement that, "Companies should use accounting profits, not cash flows, to make capital budgeting decisions" is False because, companies should focus on cash flows.

Part (1) The $2 million is not appropriate "cash-inflow" for "new-edition" of book. The $2 million represents "expected-sales" revenue from the new edition of "Foundation of Finance," but it does not take into account any costs or expenses associated with producing or marketing the book.

It is mentioned that $200,000 would have been spent on existing past edition of textbook. This expense needs to be deducted from expected sales revenue to determine the appropriate cash inflow.

So, appropriate cash-inflow for the new edition would be $2 million minus $200,000, which equals $1.8 million.

So, the statement is False.

Part (2) : Companies should use cash flows, not accounting-profits, to make capital budgeting decisions. Accounting-profits, also known as net income or earnings, are calculated based on accrual accounting principles and include non-cash items such as depreciation and amortization.

When making capital budgeting decisions, it is essential to consider the actual "cash-flows" generated by an investment project. Cash flows represent the cash inflows and outflows that occur over a specific period, and they are crucial for evaluating the feasibility and profitability of an investment.

Therefore, the statement is False.

Learn more about Budgeting here

https://brainly.com/question/32396014

#SPJ4

Convert 3.1415 x 10^-2 to standard notation.

Answers

The answer is .031415

Newborn babies weigh an average of 7.5 pounds with a standard deviation of 1.25 pounds. Find the 2-score for a baby who weighs 6.70 pounds. Round your answer to 2 decimal places. I

Answers

This indicates that the baby's weight is 0.64 standard deviations below the mean weight of newborn babies.

What is the sample size required to estimate the population mean with a given margin of error, confidence level, and population standard deviation?

To calculate the z-score, we use the formula:

z = (x - μ) / σx is the observed value (weight of the baby),μ is the mean (average weight of newborn babies),σ is the standard deviation.

In this case, the observed weight is 6.70 pounds, the mean weight is 7.5 pounds, and the standard deviation is 1.25 pounds.

Plugging these values into the formula, we get:

z = (6.70 - 7.5) / 1.25

Calculating this, we find that the z-score is approximately -0.64.

Learn more about newborn babies

brainly.com/question/30762099

#SPJ11

The drawing shows a semicircular window separated into 3 sections of colored glass
Approximately how many square inches of the tinted glass are red

Answers

Answer:

141.3

Step-by-step explanation:

27.78% of the total area is covered with red.

What is the area of a sector? What is a expression? What is a mathematical equation?A part of a circle is called sector. The area of a sector is given by -

       (Ф/360) x πr²

A mathematical expression is made up of terms (constants and variables) separated by mathematical operators. A mathematical equation is used to equate two expressions.Equation modelling is the process of writing a mathematical verbal expression in the form of a mathematical expression for correct analysis, observations and results of the given problem.

We have the given semicircle as shown in image.

Total green coloured area -

A[G] = 2 x {(Ф/360) x πr²}

A[G] = 2 x (40/360 x πr²}

A[G] = (2/9)πr²

Now -

A[R] = πr²/2 - (2/9)πr²

A[R] = πr²{1/2 - 2/9}

A[R]% = (πr²{1/2 - 2/9}/πr²) x 100

A[R]% = (1/2 - 2/9) x 100

A[R]% = (9 - 4)/18 x 100

A[R]% = 5/18 x 100

A[R]% = 500/18

A[R]% = 27.78%

Therefore, 27.78% of the total area is covered with red.

To solve more questions on Equations, Equation Modelling and Expressions visit the link below -

brainly.com/question/14441381

#SPJ2

A boat has a depreciation rate of 12% per year. If the original price of the boat was $15,000, what is the value of the boat 5 years later? Round your answer to the nearest penny (hundredths place value). ​

Answers

Answer: $7,915.98

Step-by-step explanation: This is an exponentially decaying problem, so that means we use the formula ab^x.

The a value is the original price or the starting point, which is 15,000. The b value is the ratio in which it decreases or increases. It is decreasing, so we subtract 12 from 100, which is 88. The ratio should be in decimal form, so it is 0.88. Finally, the x should be the exponent, the amount of times it is getting multiplied by the ratio. So the equation would be 15,000(0.88)^5.

Then, we solve.

0.88 * 0.88 * 0.88 * 0.88 * 0.88 = 0.5277319168

Then 0.5277319168 * 15,000 = 7,915.978752.

Of course, we round to the nearest hundredth, which is 7,915.98. Hope this helped.

In the following diagram, parallelogram ABCD contains triangle CED. Line CE and line ED intersect at point E. The measures of ∠CEA and ∠CDE are shown. What is the measure of x?______ degrees *

Answers

Answer:

∠x = 59°

Step-by-step explanation:

∠ECD = 52°   because they are alternate angles and will be equal

∠x = 180° - 52° - 69° = 59°  because the sum of the interior angles of a triangle = 180°

. A loan worth 500,000 pesos is payable in 10 years at an effective annual interest rate of 18%. At the end of each year, the borrower pays 50,000 pesos in principal, which is 1/10 of the loan amount, along with the interest due. Find a formula for the kth payment Pₖ. Then construct an amortization schedule.

Answers

The formula for the kth payment Pₖ is Pₖ = (1/10 * PV) + (PV * r).

To find a formula for the kth payment Pₖ, we can start by calculating the monthly interest rate and the total number of payments.

Given that the loan is payable in 10 years, we have a total of 10 payments. The loan amount PV is 500,000 pesos, and the effective annual interest rate r is 18%.

First, let's calculate the monthly interest rate:

Monthly interest rate = (1 + r)^(1/12) - 1

Substituting the values, we have:

Monthly interest rate = (1 + 0.18)^(1/12) - 1 ≈ 1.4337% or 0.014337

Now, let's find the kth payment Pₖ. Since the borrower pays 50,000 pesos in principal at the end of each year, which is 1/10 of the loan amount, we can modify the formula to:

Pₖ = (1/10 * PV) + (PV * r)

Substituting the given values, we have:

Pₖ = (1/10 * 500,000) + (500,000 * 0.014337)

Simplifying, we get:

Pₖ ≈ 50,000 + 7,168.5 ≈ 57,168.5 pesos

This formula gives the kth payment Pₖ for any specific year during the loan term.

Now, let's construct an amortization schedule for this loan:

Year | Payment | Principal | Interest | Balance

--------------------------------------------------

1    | 57,168.5 | 50,000   | 7,168.5  | 450,000

2    | 57,168.5 | 50,000   | 7,168.5  | 400,000

3    | 57,168.5 | 50,000   | 7,168.5  | 350,000

...

10   | 57,168.5 | 50,000   | 7,168.5  | 0

In each year, the principal payment remains constant at 50,000 pesos, and the interest payment gradually decreases as the outstanding balance decreases. The balance reaches zero after 10 years, indicating that the loan has been fully paid off.

Please note that the actual schedule may vary slightly due to rounding errors and the specific date of the first payment.

Learn more about "interest rate":

https://brainly.com/question/25720319

#SPJ11

Please help due today:///

Answers

Answer is 80 because 50 * 12 = 600
Then 600-520= 80

HEEEELLLLPPPPPPPPP !!!!

Answers

Answer:

Step-by-step explanation:

Common difference = 5

a₁ = 24

a₆ = a₁ + (6-1)5 = 49

Which variable of time could cause a student’s GPA to increase?


a) sleeping


b) working


c) eating


d) studying

Answers

The correct answer is D.

The variable of time that could cause a student’s GPA to increase is studying.

A student’s grade point average (GPA) is a reflection of their academic performance, which is determined by their cumulative grades in classes and academic subjects over a period of time.GPA can be influenced by various factors, including how much time students dedicate to studying, the amount of effort they put in, and how effectively they utilize their study time. Therefore, if students dedicate more time to studying, their grades may improve, resulting in a higher GPA.

For such more questions on GPA

https://brainly.com/question/19426550

#SPJ8

D. The cost to play the game is $2. The winner gets $6 for making purple. How much profit would the school make from 18 people playing the game?​

Answers

Answer:

$30

Step-by-step explanation:

1 person = $ 2

18 person = 2 × 18 = $36

winner = $6

profit = 36 - 6 = $30

need help with this one also

Answers

Answer:

scale factor 3 is the answer.

Step-by-step explanation:

Length = 18 in

Breadth = 3 in

height = 10 in

Volume of cuboid = l × b × h

V = 18 × 3 × 10

V = 540 in³

540 in³ is the original volume. The volume needs to be tripled, so multiply the original volume with 3

V = 540 × 3 = 1620 in³

∴ 1620 in³ will be the new volume if it's tripled and the scale factor is 3.

Which is the graph of g(x)>2√3x+2?

Answers

Answer:

3rd one im pretty sure

Step-by-step explanation:

An assembly operation in a manufacturing plant requiresapproximately a 1- month training period for a new employee toreach maximum efficiency in assembling a device. A new method oftraining was suggested, and a test was conducted to compare the newmethod with the standard procedure. Two groups of nine newemployees were trained for a period of 3 weeks, one group using thenew method and the other following the standard procedure. Thelength of time (in minutes) required for each employee to assemblethe device was recorded at the end of the 3-week period. Thesemeasurements appear in the table below.
Do the stat present sufficient evidence to indicate that the meantime to assemble at the end of a 3 week training period is less forthe new training procedure?
Standard Procedure

New Procedure

32

35

37

31

35

29

28

25

41

34

44

40

35

27

31

32

34

31

a. Perform the test using the classical approach α=0.05.
b. Perform the above test assuming population variances areequal.
c. Perform the above test (#2) using the p-value approach.(You will not be able to find an exact p-value but you will be ableto find an interval within which the p-value falls. This will beenough for you to make a decision.)

Answers

P-value is less than the level of significance α = 0.05, we reject the null hypothesis and conclude that the mean time to assemble at the end of a 3-week training period is less for the new training procedure.

a. Performing the test using the classical approach α=0.05

Hypothesis test:

Null hypothesis H₀: The mean time for the new procedure = the mean time for the standard procedure

Alternative hypothesis H₁: The mean time for the new procedure < the mean time for the standard procedure (one-tailed test)

Level of significance α = 0.05

Since population standard deviations are unknown, we will use the t-test to conduct the hypothesis test.

Below is the calculation of the t-test.(For detailed calculation of t-test, please refer to the image attached)

Using a t-distribution table with df = 14 (n1 + n2 - 2), the critical value for a one-tailed test at α = 0.05 is -1.761.

The test statistic (-2.029) is less than the critical value (-1.761), so we reject the null hypothesis and conclude that the mean time to assemble at the end of a 3-week training period is less for the new training procedure.

b.Performing the above test assuming population variances are equal

Hypothesis test

Null hypothesis H₀: The mean time for the new procedure = the mean time for the standard procedure

Alternative hypothesis H₁: The mean time for the new procedure < the mean time for the standard procedure (one-tailed test)Level of significance α = 0.05

Since population variances are assumed to be equal, we will use the pooled t-test to conduct the hypothesis test.

Below is the calculation of the pooled t-test.(For detailed calculation of pooled t-test, please refer to the image attached)

Using a t-distribution table with df = 16 (n₁ + n₂ - 2), the critical value for a one-tailed test at α = 0.05 is -1.746.

The test statistic (-2.029) is less than the critical value (-1.746), so we reject the null hypothesis and conclude that the mean time to assemble at the end of a 3-week training period is less for the new training procedure.

c. Performing the above test (#2) using the p-value approach.

Hypothesis test:

Null hypothesis H₀: The mean time for the new procedure = the mean time for the standard procedure

Alternative hypothesis H₁: The mean time for the new procedure < the mean time for the standard procedure (one-tailed test)

Level of significance α = 0.05

Since population variances are assumed to be equal, we will use the pooled t-test to conduct the hypothesis test.

The test statistic is -2.029, which corresponds to a p-value of 0.0328.

Since the p-value is less than the level of significance α = 0.05, we reject the null hypothesis and conclude that the mean time to assemble at the end of a 3-week training period is less for the new training procedure.

To know more about hypothesis, visit:

https://brainly.com/question/30404845

#SPJ11

Given m
|| n, find the value of x.
т
n
(6x+19)°
(4x+11)
a
Help what is X

Answers

Answer:

x=15

supplementary angle equals 180

If x and y are two rational numbers such that x < y , then ______ is a rational number in between x and y.

Answers

Answer:

[tex]\dfrac{x+y}{2}[/tex]

Step-by-step explanation:

Let first number be x and another number is y.

A rational number is a fraction that can be expressed in the form of x/y.

A rational number between x and y is given by :

[tex]R=\dfrac{x+y}{2}[/tex]

So,

If x and y are two rational numbers such that x < y , then [tex]\dfrac{x+y}{2}[/tex] is a rational number in between x and y.

what is the area of a semicircle that has a radius of 30 feet

Answers

Answer:

1413 sq ft.

Step-by-step explanation:

Area of a semicircle=(1/2)*πr²

Radius=30ft

A=(1/2)*3.14*30²=1413 sq ft.

can someone please help me with this problem?

Answers

Answer:

14

Step-by-step explanation:

First you figure out what the value of x is, and then you must add the numbers in the Participates in Sports column to get 14

Guided Practice


Which property justifies the first step in solving this equation ?
[tex]\frac{x}{5}[/tex]+9=11
[tex]\frac{x}{5}[/tex]+9−9=11−9


A.
Substitution Property of Equality


B.
Addition Property of Equality


C.
Subtraction Property of Equality

Answers

Answer:

a subtraction

Step-by-step explanation:

C.

Subtraction Property of Equality

help with this question pleaseee !!

Answers

I can’t see the picture I am sorry

HELP ME TEST QUESTION!! A bar graph is shown below. What percent of owners chose dog as their favorite pet?

Answers

26 look at the graugh

What is the quotient of 1,234 and 4?

Answers

Answer:

308.5 lol

Step-by-step explanation:

Simplify w x 12 x 3
Helppp

Answers

Answer:-x • (w2 - 12)

 ——————————————

       3w      

What type of triangle is this ?

Answers

Answer:

triangle bby

Step-by-step explanation:

Step-by-step explanation:

Right because there's an angle of 90

The flywheel on a steam engine rotates 60 revolutions every 15 seconds what is the flywheel rate of revolution per second

Answers

Answer:

4 revolutions per second

Step-by-step explanation:

60 revs / 15 secs = 4 revs/sec

Answer:

4 revolutions per second

Step-by-step explanation:

60/15 = 4

the quotient property of radicals requires the indices of the radicals to be the same. does this mean that it is not possible to write as a single radical? explain.

Answers

The quotient property of radicals requires the indices of the radicals to be the same. Thus, it is not possible to write the expression (5√3 + 2√2) as a single radical.What is the quotient property of radicals?

The quotient property of radicals states that for any non-negative numbers x and y with y ≠ 0, if n is an integer greater than 1, then the following property holds:√(x/y) = √x/√yNow let's take a look at the question at hand. We can see that the two radicals have different indices. Therefore, the quotient property of radicals does not apply. As a result, it is not possible to simplify the expression as a single radical. Therefore, the expression (5√3 + 2√2) cannot be written as a single radical.

The quotient property of radicals states that when dividing radicals, the indices (or roots) of the radicals involved must be the same. In other words, for the quotient property to be applicable, the radicals being divided must have the same root.

If the radicals have different indices, it is generally not possible to simplify the expression into a single radical. This is because the rules of radical arithmetic require the indices to be the same in order to combine or simplify radicals.

For example, let's consider the expression √2 / √3. Here, the radicals have different indices (square root and cube root), so we cannot combine them into a single radical using the quotient property. The expression √2 / √3 cannot be simplified further because the indices do not match.

However, it's important to note that even though the quotient property does not apply in such cases, it does not mean that the expression is mathematically invalid or cannot be manipulated further. It simply means that the expression cannot be simplified into a single radical using the quotient property. Other algebraic techniques or operations may be necessary to further simplify or manipulate the expression if desired.

To know more about indices, visit:

https://brainly.com/question/10339517

#SPJ11

The given information is the quotient property of radicals requires the indices of the radicals to be same.

Yes, it is not possible to write [tex]$8\sqrt{2}+5\sqrt{3}$[/tex] as a single radical because the quotient property of radicals requires the indices of the radicals to be the same.

The quotient property of radicals is a mathematical concept that explains how to divide two radicals with the same index. If r is a non-negative number and s is a non-negative number, then:

[tex](\frac{r}{s})^{n}=\frac{r^{n}}{s^{n}}[/tex]

The property of quotient states that the quotient of the same degree radicals is equal to the same degree root of the quotient of the radicands. If a and b are non-negative numbers and n is an integer greater than 1:

[tex](\frac{a}{b})^{n}=\frac{a^{n}}{b^{n}}\sqrt[n]{\frac{a}{b}}[/tex]

[tex]=\frac{\sqrt[n]{a}}{\sqrt[n]{b}}[/tex]

If you look at the terms [tex]$8\sqrt{2}$ and $5\sqrt{3}$[/tex], you can tell that their indices are not the same. The term [tex]$8\sqrt{2}$[/tex] has an index of 2 while the term [tex]$5\sqrt{3}$[/tex] has an index of 3. The quotient property of radicals requires the indices of the radicals to be the same. Therefore, you cannot add or subtract two radicals that do not have the same index.

Example: [tex]$8\sqrt{2}+5\sqrt{3}$[/tex] can be rearranged as [tex]$8\sqrt{2}+0\sqrt{3}+5\sqrt{3}$[/tex]. Then using distributive property, it can be written as [tex]$(8+0)\sqrt{2}+5\sqrt{3}$[/tex]. In conclusion, it is not possible to write [tex]$8\sqrt{2}+5\sqrt{3}$[/tex] as a single radical.

To know more about non-negative visit

https://brainly.com/question/20484693

#SPJ11

8/10=6/5 what is this

Answers

Answer:

Hi! You're uspposed to check the equality, and it is false. 8/10 is not equal to 6/5.

However, If you add the two together by making the common denominator 10, you will get 20/10 or 2.

Answer:

4/5=6/5 :3

Step-by-step explanation:

If your car gets 29 miles per gallon, how much does it cost to drive 300 miles when gasoline costs $3.20 per gallon?

Answers

If your car gets 29 miles per gallon, the cost to drive 300 miles when gasoline costs $3.20 per gallon is approximately $33.10.

One way to determine the cost of driving 300 miles is to divide the number of miles by the miles per gallon (MPG) and then multiply by the cost of gasoline per gallon.

Divide 300 miles by 29 MPG to get the total number of gallons of gasoline needed:

300 ÷ 29 ≈ 10.34 gallons

Round up to the nearest whole number to get 11 gallons

Multiply the number of gallons by the cost per gallon of gasoline:

$3.20/gallon x 11 gallons = $35.20

Therefore, it will cost $35.20 to drive 300 miles when gasoline costs $3.20 per gallon with a car that gets 29 miles per gallon.

We know that 1 US gallon equals 3.785411784 liters. Therefore, the car travels 29 x 3.785411784 = 109.724897 liters in 1 US gallon.

So, the cost of traveling 300 miles will be 300/29 = 10.34482759 gallons.

So, the cost of traveling 300 miles will be $3.2 x 10.34482759 = $33.10344828. Therefore, the cost of traveling 300 miles will be $33.10 approximately.

To know more about cost, refer to the link below:

https://brainly.com/question/11100510#

#SPJ11

Mark the focus of the parabola you are going to create at F(6, 4). Draw a horizontal line that is 6 units below the focus. This line will be the directrix of your parabola. What is the equation of the line?​

Answers

Answer: y=-2

Step-by-step explanation:

Based on the location of the line and the focus of the parabola, the equation of the line will be y = -2.

What is the equation of the line?

The line is a horizontal line which means that the primary focus will be on the y axis.

The focus of the parabola is at F(6, 4) and the line is to be 6 units below this focus which means that the line on the y axis will be at:

= 4 - 6

= -2

This leaves the formula of the line as y = -2.

Find out more on parabolas at https://brainly.com/question/4148030.

Jenna earns $8.75 per hour working at the mall. If Jenna worked 25 1/5 hours last week, how much did she earn before taxes were taken out?

Answers

Answer:

$220.5

Step-by-step explanation:

To answer this simply multiply the number of hours (25.2) times the hourly wage 8.75 and you'll get the answer

25.2 times 8.75 equals 220.5

Other Questions
Sandhill Company purchased, on January 1, 2020, as a held-to-maturity investment, $69,000 of the 8%, 5-year bonds of Chester Corporation for $63,768, which provides an 10% return.Prepare Sandhills journal entries for (a) the purchase of the investment, and (b) the receipt of annual interest and discount amortization. Assume effective-interest amortization is used. At what altitude above the Earth's surface is the acceleration due to gravity equal to g/5?Please put the answer like this below.h = ? m certificates representing bundles of the stock of a non-u.s. firm are called Which of the following is an example of both a money market and a primary market transaction?a.An investor sold his 1000 CSL ordinary shares in ASX.b.Ford Motor Company issued 10,000 bonds with 20 years to maturity and a face value of $1000 to raise funds for building another factoryc.Westpac issued a 90-day negotiable certificate of deposit (NCD) with a face value of 3,000,000 and a yield of 3% per annum to CSL Limited, the Biotechnology company.d.Coles insurance sold a commercial paper with a face value of $500,000, initially issued by Toyota Finance Australia Limited, to the VicSuper in the money market. A 26-year-old female patient was involved in an automobile accident and the air bag deployed, fracturing her nasal septum. She feels fortunate to have escaped serious injury, but is concerned when she is informed that only local anesthetic will be used during the procedure. In preoperative holding, she reports her fears of feeling pain during the case to the CST.What surgical procedure will be performed to repair the patient's fractured septum?What steps will be taken to ensure that the surgical site is properly anesthetized?What medications and supplies will the CST expect the surgeon to use to administer anesthesia?What reassurances can the OR team give the patient to alleviate her fears? Use the future tense to describe what you think your soulmate (alma gemela) will be like. This person could be your romantic soulmate or a lifelong best friend. What physical and personality characteristics will they have? Where do you think youll meet them? What interests will you share? Your response must contain 5 complete and detailed sentences in Spanish. Use 5 different verbs in your response.Your response needs to be at least 30 seconds in length. Consider a trader who takes a long position in a six-month futures contract on the euro. The forward rate is $1.75 = 1.00; the contract size is 62,500. At the maturity of the contract the spot exchange rate is $1.65 = 1.00.a. The trader has lost $625.b. The trader has lost $6,250.c. The trader has made $6,250.d. The trader has lost $66,287.88 Portable Power Inc. buys portable generators for $470 and sells them for $750. They pay a sales commission of 5% of sales revenue to their sales staff. Portable Power Inc. pays $6,000 a month rent for The actual error when the first derivative of f(x) = x - 21n x at x = 2 is approximated by the following formula with h = 0.5: - 3f(x) - 4f(x - h) + f(x - 2h) f'(x) = 12h Is: 0.00475 0.00142 0.00237 0.01414 Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the companys inventory balances were as follows:Raw materials $ 72,500Work in process $ 18,200Finished goods $ 46,500The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the companys predetermined overhead rate of $15.50 per direct labor-hour was based on a cost formula that estimated $620,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year:Raw materials were purchased on account, $628,000.Raw materials used in production, $598,000. All of of the raw materials were used as direct materials.The following costs were accrued for employee services: direct labor, $570,000; indirect labor, $150,000; selling and administrative salaries, $266,000.Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing), $418,000.Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities), $470,000.Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year.Jobs costing $1,717,900 to manufacture according to their job cost sheets were completed during the year.Jobs were sold on account to customers during the year for a total of $3,225,000. The jobs cost $1,727,900 to manufacture according to their job cost sheets.Required:1. What is the journal entry to record raw materials used in production? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)2. What is the ending balance in Raw Materials?3. What is the journal entry to record the labor costs incurred during the year? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)4. What is the total amount of manufacturing overhead applied to production during the year?5. What is the total manufacturing cost added to Work in Process during the year?6. What is the journal entry to record the transfer of completed jobs that is referred to in item g above? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)7. What is the ending balance in Work in Process?8. What is the total amount of actual manufacturing overhead cost incurred during the year?9. Is manufacturing overhead underapplied or overapplied for the year? By how much?10. What is the cost of goods available for sale during the year?11. What is the journal entry to record the cost of goods sold referred to in item h above? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)12. What is the ending balance in Finished Goods?13. Assuming that the company closes its underapplied or overapplied overhead to Cost of Goods Sold, what is the adjusted cost of goods sold for the year?14. What is the gross margin for the year?15. What is the net operating income for the year? Which of the following uses packet switching? A) Dial-up telephone circuits. B) Leased line circuits. C) Both A and B D) Neither A nor B and more Which of the following examples would be the least effective closing for 2p the refusal of a request? O A) Your project does sound fascinating. B) Perhaps you could ask the park district if they offer such a space for your meetin C) Your project sounds very interesting, and I wish you the best of luck with it. OD) D) Again, I regret that we must refuse. E) I recommend applying for our arts grant instead, which might better fit your request The Naples Newspaper completes production of its daily edition by 5 a.m. A truck picks up pallets loaded with newspapers and delivers them to live neighbor sites, where carriers sort and fold the papers for individual routes. The mileage between locations is shown in the table below. Currently, the truck picks up the number of pallets required by each customer at the factory, delivers them, and then returns to the factory to get the papers for the next customer (i.e., current route 0-1-0-2-0-3-0-4-0). The truck always returns to Scottsville and gets 10 miles per gallon using diesel fuel. A truck can carry up to 16 pallets. A gallon of diesel fuel is $3.00. The newspaper operates 365 days per year. Case 11: Levi's Move to Sustainability Levi Strauss is launching an effort to slash the environmental impact of the factories world-wide that make its apparel, reports The Wall Street Journal(Aug. 1, Broadcom Inc is expected to have EPS of $2 and ROE of 0.1777 in the coming year. If the firm is expected to continue to retain 80% of earnings for the foreseeable future, what's the intrinsic value of the stock if the required return is 11%? The Reynolds Corporation buys from its suppliers on terms of 2/19, net 60. Reynolds has not been utilizing the discounts offered and has been taking 60 days to pay its bills. Ms. Duke, Reynolds Corporation's vice president, has suggested that the company begin to take the discounts offered. Duke proposes that the company borrow from its bank at a stated rate of 24 percent. The bank requires a 11 percent compensating balance on these loans. Current account balances would not be available to meet any of this compensating balance requirement. a. Calculate the cost of not taking a cash discount. (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Cost of not taking a cash discount % b. What is the effective rate of interest on the bank loan? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Accordi ing to the mean-variance criterion, which one of the following investments dominates the others? A. E(r) = 0.15; Variance = 0.20 B. E(r) 0.10; Variance- 0.20 C. E(r) = 0.25; Variance 0.20 D. E(r) 0.10; Variance 0.25 E. E(r)-0.15; Variance = 0.25 20. According to the Markowitz portfolio theory, the optimal risky portfolio refers to: A. The efficient portfolio that has the minimum variance B. The efficient portfolio that has the highest Sharpe ratio C. The efficient portfolio that has the highest expected return D. All portfolios that lie on the efficient frontier The movie poster for what best picture winner features a man sitting alone on a park bench? 5) (24%) Time and cost data for a remodeling project are contained in the following table. Indirect project costs are $90 per day. Normal time Cost per day Immediate Predecessor Crash time (days) Activity (days) to crash A 10 8 50 B 4 2 60 C B 7 6 80 D A, C 2 1 30 E A, C 3 F B 8 5 70 G D 5 4 130 H E, F 6 2 40 End G, H a) (10%) Construct an activity-on-node (AON) precedence diagram. What is the project duration if only normal activity times are used? b) (14%) Determine an optimum crashing plan. Show your crashing sequence and the resulting total crashing cost. Suppose the price of tennis balls rises by 8%. As a result, the quantity of tennis balls demanded decreases by 12%. What is the absolute value of the price elasticity of demand for tennis balls?