RES 351 Final Exam

1) Northwest Airlines applied mathematical models to determine which customers in its database were currently responsible for most of its profitability and which customers were not currently profitable but had similar characteristics to the most profitable customers. Northwest Airlines utilized _____ to identify these customers.

A.             Computer programming

 B.            Data warehousing

 C.            Customer relationships management

 D.            Data mining

 E.            Intervention

 

 2) Minute Maid sees research as the fundamental first step in any business decision, and it created proprietary methods for conducting research. At what level of the hierarchy of business decision makers does Minute Maid operate?

A.             Top tier

 B.            Middle tier

 C.            Base tier

 D.            Foundation tier

 

 3) Which of the following questions is considered first when discussing a management dilemma?

A. How can management eliminate negative symptoms?

 B. What does the manager need to know to choose the best alternative from the available sources of action?

 C. What is the recommended course of action?

 D. What symptoms cause management concern?

 

 4) The goal of ethics in research is to _____.

A.             To ensure that no one is harmed

 B.            To protect researchers from legal liability

 C.            identify what behavior is appropriate

 D.            ensure research sponsors fulfill their legal obligations

 

 5) _____ occurs when the participants are told only part of the truth or when the truth is fully compromised.

A.             coercion

 B.            deception

 C.            informed consent

 D.            debriefing

 

 6) The process of stating the basic dilemma and then developing other questions by progressively breaking down the original question into more specific ones is called the _____.

A.             Research question

 B.            Management-research-question hierarchy

 C.            Management dilemma

 D.            Management question

 

 7) The fundamental weakness in the research process is _____.

A. incorrectly defining the research question

B. identifying a flawed sampling frame

C. misdefining the target population

D. failing to identify all relevant secondary information

 

 8) Which type of management question asks what do we want to achieve?

A. Choice of purpose

 B. Evaluation of solutions

 C. Troubleshooting

 D. Control

 

 9) In the Southeast, the potato chip market share held by the Lays brand is 46%. This is an example of _____.

A. a research question

 B. a descriptive hypothesis

 C. a relational hypothesis

 D. an explanatory hypothesis

 

10) An increase in hours of television viewing leads to increases in the sales of snack foods. This is an example of a _____.

A. research question

B. descriptive hypothesis

C. correlational hypothesis

D. causal hypothesis

 

11) To be categorized as a customer, an individual must have a history of shopping at the establishment at least twice before the start of the study with expenditures of more than $10. This is an example of _____.

A.             Hypothetical construct

 B.            Conceptual scheme

 C.            Operational definition

 D.            Dictionary definition

 E.            Mediating variable

 

 12) James is entering data on client gender. Because the values entered reflect male or female, this variable is _____.

A. discrete

 B. dichotomous

 C. continuous

 D. ratio-scaled

 

 13) Which variable in an experiment is the variable expected to be affected by the manipulation?

A. Dependent variable

 B. Extraneous variable

 C. Moderating variable

 D. Independent variable

 

 14) Qualitative research seeks to _____ theory while quantitative research _____ it.

A.             examine, interprets

 B.            build, tests,

 C.            test, understands

 D.            apply, builds

 E.            justify, applies

 

 15) Which of the following is true of quantitative research?

A.             It uses a nonprobability sampling method

 B.            Results are generalizable

 C.            Data analysis is ongoing during the project

 D.            Sample sizes are generally small

 E.            It uses multiple data collection methods

 

 16) The use of a control group in experimentation _____.

A. provides for the manipulation of the independent variable

 B. serves as a comparison to assess the manipulation

 C. minimizes the cost of experimentation

 D. allows for discovery of the average effect of the independent variable in different situations

 

 17) What is the first step in conducting an experiment?

A. Specify the level(s) of the treatment

 B. Choose the experimental design

 C. Control the experimental environment

 D. Select relevant variables

 

 18) Data originating from studies that are conducted by others and created for a purpose different from the purpose of the study for which the data are being reviewed are called _____ data

A. primary

 B. secondary

 C. quantitative

 D. statistical

 

 19) The goal of a formal study is to _____.

A.             Discover future research tasks

 B.            Expand understanding of a topic

 C.            Test hypotheses

 D.            Provide insight

 E.            Develop hypotheses

 

 20) A _____ scale is a scale that scores an object or property without making a direct comparison to another object or property.

A. ranking

 B. rating

 C. categorization

 D. sorting

 

 21) What type of data is produced by simple category scales?

A. Nominal

 B. Ordinal

 C. Interval

 D. Ratio

 

 22) _____ is the extent to which a measurement tool actually measures what we wish to measure.

A. Reliability

 B. Validity

 C. Practicality

 D. Significance

 

 23) The list of elements in a population from which the sample is drawn is known as the _____.

A. sampling frame

 B. population extent

 C. database

 D. sampling base

 

 24) The process of ensuring the accuracy of data and their conversion from raw form into classified forms appropriate for analysis is called _____.

A. coding

 B. data entry

 C. data preparation

 D. data measurement

 

 25) _____ involves assigning numbers or other symbols to answers so that the responses can be grouped into a limited number of categories

A. Editing

 B. Data entry

 C. Coding

 D. Measurement

 

 26) The standard error of the estimate is a type of measure of _____.

 A. central tendency

 B. accuracy

 C. significance

 D. standard deviation

 

27) _____ are summary descriptors of variables of interest in the population

 A. Sample statistics

B. Population parameters

C. Systematic estimates

D. Standard errors

 

28) The measure of deviation from the mean such that cases stretch toward one tail or the other is called _____.

A. kurtosis

 B. platykurtic

 C. skewness

 D. ku

 29) Which of the research questions/hypotheses below is best answered using cross-tabulations?

A. What percentage of men and women prefer Brand A over Brand B?

B. What percentage of residents shop at the local grocery store?

C. Is brand loyalty related to brand image?

D. What happens to sales when prices drop?

30) If a difference is not caused only by random sampling fluctuations, it is said to have _____.

A. resistance

 B. statistical significance

 C. substantive significance

 D. reasonable doubt

 

 

HCS 451 Week 3 Individual Assignment Risk and Quality Management Assessment Summary

Resource:Risk and Quality Management Assessment Summary Grading Criteria and Sample Executive Summary located in the Center for Writing Excellence

·Navigate to the Center for Writing Excellence in the University Library.

·Under Writing Resources, click Tutorials & Guides.

·Under Samples, click Sample Executive Summary.

Risk and quality management provide different methods, tools, and techniques to health care organizations to ensure that they provide quality health care. Leaders in a health care organization have hired you as a consultant to help assess the organization’s current status and define a future plan for providing quality health care.

Select an organization type in the health care industry as the basis for this assignment. The organization may be your employer or a health care organization of particular interest to you. Types of health care organizations include, but are not limited to, the following:

·Hospital

·Nursing facility

·Physician office

·Emergency medical services

·Managed care organization

·Home health care

·Community health department or provider

·Pharmacy

·Laboratory

·Drug manufacturer

·Medical device manufacturer

·Durable medical equipment supplier

·Electronic medical records software suppliers

Research the key concepts of risk and quality management in health care and the factors that influence risk and quality management for your chosen type of organization.

Research the relationship between risk management and quality management.

Write a 1,750- to 2,100-word executive summary in which you complete the following:

·Describe your chosen organization.

·Describe the purpose of risk and quality management in health care organizations in general and in your chosen organization.

·Describe the key concepts of risk and quality management in your chosen organization.

·Explain steps the organization may take to identify and manage their risks.

·Identify at least three typical or actual risks in the organization. Describe how the risks might negatively affect the quality.

·Identify at least three internal and external factors that influence quality outcomes in the organization. Describe how these factors might negatively affect quality outcomes for the organization.

·Outline at least three of the organization’s long-term goals and at least three short-term goals.

·Identify at least three fundamental risks and quality management policies that should be implemented and how they will influence health outcomes.

·Explain the relationship between risk management and quality management in the organization and how these two disciplines complement each other.

Include at least four sources, two from the University Library and two from either the course textbooks or this week’s Electronic Reserve Readings. Prepare a reference list of all resources and websites used in your research.

Format the executive summary and reference list consistent with APA guidelines.

A specific grading rubric is posted in the Main forum.

 

 

OPS 571 Final Exam

1.is when the activities in the stage must stop because there is no place to deposit the item just completed

 

    A.   Buffering

    B.   Blocking

    C.   Starving

    D.   Pacing

   

2) According to your text, the most common process metric is

 

    A.   productivity

    B.   efficiency

    C.   utilization

    D.   throughput time

   

3) Declining product prices

 

    A.   increase the manufacturing costs

  !  B.   lower the break-point

    C.   result in lower manufacturing costs

    D.   increase the break-even point

   

4) The type of processing structure that is used for producing discrete products at a controlled rate is

 

    A.   job shop

    B.   batch

    C.   assembly line

    D.   project

   

5) The best process flow structure to use for making automobiles is

 

    A.   job shop

    B.   batch shop

    C.   group technology cell

    D.   assembly line

   

6) The break-even analysis is a standard approach to determine alternative processes A break-even analysis chart usually present alternative __________ and __________ based upon the units produced or sold

 

    A.   demand, supply

    B.   profits, losses

    C.   equipment, materials

    D.   variable, fixed costs

   

7) A statistical term that refers to the philosophy and methods companies use to eliminate defects in their products and processes by establishing a quality goal of no more than four defects out of every million units is

 

    A.   ISO 9000

    B.   Six Sigma

    C.   Total Quality Management

    D.   SERVQUAL

   

8) Independent demand is:

 

    A.   inventory where demand comes from independent suppliers

    B.   inventory that is independent of any known rules of demand and supply

    C.   demand that is related to the demand for another item

    D.   demand determined by the marketplace that requires forecasting

   

 

9) An inventory system designed to ensure that an item will be available on an ongoing basis throughout the year is known as

 

   ! A.   Optional Replenishment System

    B.   Inventory Accuracy and Cycle Counting

    C.   ABC Inventory Planning

    D.   Multiperiod Inventory Systems

   

 

10) A/an __________ approach actually schedules in detail each resource using the setup and runtime required for each order

 

    A.   infinite loading

    B.   finite loading

    C.   forward scheduling

    D.   backward scheduling

   

11) What is the net result of reducing the duration of a task (crashing) not on the critical path?

 

    A.   Decreased project overhead costs

    B.   Reduced likelihood of liquidated damages for late delivery

    C.   Increased slack time associated with the task

    !D.   Reduction in the project duration

   

12) The idea of the value density calculation is

 

    A.   finding a carrier that can handle the weight

    B.   matching the weight of the product with an appropriate carrier

    C.   deciding where items should be stocked geographically and how they should be shipped

    D.   finding the minimum cost carrier

   

13) When designing a supply chain,

 

   ! A.   cost vs customer service must be considered

    B.   quality vs cost must be considered

    C.   lead times vs payment terms must be considered

    D.   customer service vs product customization must be considered

   

 

14) According to Hau Lee, which of the following types of products need to be delivered with efficient supply-chains?

 

    A.   Custom products

    B.   Innovative products

    C.   Grocery products

    D.   High technology products

 15) Which of the following product promotional activities would probably help make the supply chain more efficient?

 

    A.   Price promotions that expire on a specific date

    B.   An “everyday” low price strategy where prices are not dependent on quantity delivered with a specific order

    C.   Special packaging for a specific event that occurs one time each year

    D.   A 2-for-1 price promotion

   

 

16) The best operating level is

 

    A.   the maximum point of the cost curve

    B.   the level of capacity for which average unit cost is minimized

    C.   maximum capacity

    D.   the level of capacity for which total cost is minimized

   

 

17) Capacity utilization rate can be computed as

 

    A.   Capacity used – best operating level

    B.   Capacity used x best operating level

    C.   Capacity used / best operating level

    D.   Capacity used + best operating level

   

 

18) The objective of __________ is to provide an approach for determining the overall capacity level of capital-intensive resources that best supports the company’s long-range competitive strategy

 

    A.   workforce management

    B.   management supervision

    C.   operations management

    !D.   strategic capacity planning

   

 

19) Lean production systems typically require

 

    A.   delivery of large lots at frequent intervals

    B.   buyer inspection of goods and materials

    C.   multiple sources from which to purchase

    D.   low inventory levels throughout production

   

 

20) Given that the previous forecast of 65 turned out to be four units less than the actual demand The next forecast is 66 What would be the value of alpha if the simple exponential smoothing forecast method is being used?

 

    A.   002

    B.   04

    C.   004

    D.   0.25

   

 

 

21) Linear regression sales forecasting techniques

 

    A.   work best when future sales are randomly distributed

    B.   will not work for declining sales

    C.   work best when sales are increasing

    ! D.   will not work if future sales forecasts lie on a curve

   

 

22) What should the value of alpha be in an exponential smoothing forecast to be very responsive to recent demand?

 

    A.   Large

    B.   Small

    C.   Negative

    D.   Zero

   

 

23) Which of the following statements are true about time-series forecasting?

 

    A.   Time series analysis employs empirical data to forecast future events

    B.   Time series analysis is used to understand the system underlying and surrounding the item being forecast

    C.   Under time-series methods, demand is divided into the time-based components such as daily, weekly, etc

    D.   Time series methods are useful for long-range forecasts when the demand pattern is erratic

   

 

24) One option for altering the pattern of demand is

 

    A.   hiring employees

    B.   using overtime

    C.   carrying inventory

    D.   pricing

   

 

25) Aggregate planners balance

 

    A.   demand and costs

    B.   demand and inventories

    C.   demand and capacity

    D.   supply and inventories

   

 

26) Which of the following accurately describes a chase strategy?

 

    A.   The firm produces the same amount each day over the planning period and deals with the variations in demand through the use of inventory or overtime

    B.   The firm produces at the same level for several months, and then adjusts production to another level and produces at that level for several more months

    C.   The firm matches its production rate to meet demand by varying the size of its workforce as demand varies

    D.   The firm produces the same amount each day within the planning period and deals with variations in demand through the use of outsourcing partners

 

27) Which of the following reflects net material requirements:

    A.   gross requirements – scheduled receipts

    B.   gross requirements – projected available balance + scheduled receipts

   ! C.   gross requirements – projected available balance – scheduled receipts

    D.   gross requirements – scheduled releases

   

 

28) Which MRP system input element specifies how many and when the firm plans to build each end item?

    A.   Inventory records file

    B.   Bills of material

    C.   Master production schedule

    D.   Capacity planning

   

 

29) Which of the following is true about MRP Systems?

 

    A.   Based on independent demand

    B.   Lot sizing is based on Economic Order Quantity

    C.   Demand pattern is random

    D.   Objective is to meet manufacturing needs

   

 

30) A Material Requirements Planning (MRP) is most valuable in industries where a number of products are made in batches using the same productive equipment and with companies involving

 

    !A.   fabrication

    B.   low number of units annually

    C.   complex, expensive products

    D.   assembly operations

 

 

 

 

 

MATH 170 FINAL 3

1. Evaluate the expression:   2•7!

A) 10,080

B) 10,280

C) 10,000

 

 

2.Evaluate the expression: C(9,3)

A) 84

B) 48

C) 27

 

 

3. A jar contains 21 pink and 26 navy marbles. A marble is drawn at random.P(navy)Express the probability as a decimal. Round to the nearest hundredth.

A) 0.55

B) 0.055

C) 0.0055

 

 

4. Evaluate: 3!

A) 6

B) 3

C) 1

 

 

5. There were 13,249 weddings in Springs City last year. According to state records, notaries public performed 17% of the weddings. How many weddings were not performed by notaries public?

A) 1099

B) 10994

C) 10997

 

 

6. Evaluate the expression: P(5,5)

A) 120

B) 230

C) 25

 

 

7. Find the probability. Write your answer as a percent rounded to the nearest whole percent:

A number from 8 to 16 is drawn at random. P(12).

A) 11%

B) 13%

C) 15%

 

 

8.Fill in the missing value. Assume simple interest.

 principal ________

interest rate 3%

time 1 year

simple interest $2,472.57

A) principal $82,419

B) principal $85,419

C) principal $822,419

 

 

9. State whether the statements are true or false: AcA

A) True

B) False

 

 

10. A jar contains 25 green, 19 white, 6 pink, and 21 orange marbles. A marble is drawn at random. P(white, green, or pink)Express the probability as a fraction.

A) 50/71

B) 71/50

C) 5/7

 

 

11. State whether the statements are true or false:   ØcA

A) True

B) False

 

 

12. If A and B are independent events, P(A)=.4, and P(B)=.6 find     P(A È B)

A) 0.76

B) 0.076

C) 0.0076

 

 

13.Determine whether the events A and B are independent

P(A)= .6, P(B)= .8, P(A Ç B)= .2

A) Independent

B) Not Independent

 

 

14. Find the probability. Write your answer as a fraction in simplest form:

You roll a number cube numbered from 1 to 6. P(1).

A) 1/6

B) 6

C) 1/3

 

 

15. If A and B are independent events, P(A)=.4, and P(B)=.6 find  P(A Ç B)  

A) 0.24

B) 0.024

C) 0.0024

 

 

16.Find the probability. Assume that the spinner is separated into equal sections:

 You flip a coin and toss a 1-6 number cube.

P(3 and heads)

 A)1/ 12           or           0.083

B)1/6             or           0.167

C)  1/8            or           0.125

17. Let A and B be two events in a sample space S such that:

P(A) =.6, P(B)= .5, and P(A Ç B)= .2 find P(A B)

A) 2/5

B) 5/2

 

 

18.A number from 15 to 26 is drawn at random.P(24)Express the probability as a percent. Round to the nearest percent.

A) 8%

B) 9%

C) 10%

 

 

19.Evaluate the expression: 5!-3!

A) 114

B) 2

C) 8

 

 

20. Evaluate the expression: 9!

A) 362880

B) 362800

 

 

21. Fill in the missing value. Assume simple interest.

principal                 $400,007

interest rate            13%

time             2 years

simple interest                  ________

A) simple interest $105,001.82

B) simple interest $104,001.82

C) simple interest $104,003.82

 

 

22.Using the combination formula complete the following:

How many combinations of two letters are possible from the letters U, A, and X?

A) 3

B) 5

C) 9

 

 

 

23.Evaluate the expression:  3 · 5!

A) 360

B) 120

C) 15

 

 

24.Evaluate the expression: 6!+4!

A) 744

B) 704

C) 720

25.Fill in the missing value. Assume simple interest.

 principal                 $87,698

interest rate            ________

time             1 year

simple interest                  $6,138.86

A) interest rate 7%

B) interest rate 8%

C) interest rate 10%

 

 

26.Find the probability:

A number from 10 to 22 is drawn at random. P(an odd number) Express the probability as a decimal. Round to the nearest hundredth.

A) 0.46

B) 0.17

C) 0.75

 

 

 

 

27.State whether the statements are true or false: {Ø}=Ø

A) True

B) False

 

 

28.Determine whether the events A and B are independent

P(A)=.3, P(B)=.6, P(A intersect B)=.18

A) Independent

B) Not Independent

 

 

29.Fill in the missing value. Assume simple interest.

principal                 $19,582

interest rate            4%

time             ________

simple interest                  $2,349.84

A) time 3 years

B) time 4 years

C) time 2 years

 

 

30.Evaluate: 5!

A) 120

B) 25

C) 5

 

 

Assignment 1: World View Chart Writing Assignment – Religion 212

Assignment 1: World View Chart Writing Assignment – Religion 212

 

Choose one (1) category (origin of all things, nature of god, view of human nature, view of good and evil, etc.) to focus on for this assignment. Consider how the selected aspect relates to each of the religions below covered and to your own social or work experiences.

 

The religions  to use in this paper are:

 

Indigenous Peoples, Hinduism and Jainism,Buddhism,Daoism and Confucianism,Shinto,

 

Judaism,Christianity,Islam,Sikhism,ModernReligions.

 

Write a two to three (2-3) page paper in which you:

 

1.     Select one (1) category about above. Provide a rationale for choosing one of the following.

 

2.     Provide one (1) specific example of how the selected category is manifested in your social environment.

 

3.     Write clearly and coherently using correct grammar, punctuation, spelling, and mechanics.

 

2.     Describe the selected content and explain the significance of the selected category across the religions studied.

 

4.     Use at least four (4) quality resources as references for the assignment and document your sources using APA Style for in-text citations and references. Note: Wikipedia and similar Websites do not qualify as quality resources.

 

5.     Please include an abstract.

 

 

ACCT 505 Week 3 Case Study 2

ACCT-505 Week 3 Case Study II

 

Springfield Express is a luxury passenger carrier in Texas. All seats are first class, and the following data are available:

 

Number of seats per passenger train car

 

90

 

Average load factor (percentage of seats filled)

 

70%

 

Average full passenger fare

 

$160

 

Average variable cost per passenger

 

$70

 

Fixed operating cost per month

 

$3,150,000

 

What is the break-even point in passengers and revenues per month? What is the break-even point in number of passenger train cars per month? If Springfield Express raises its average passenger fare to $ 190, it is estimated that the average load factor will decrease to 60 percent. What will be the monthly break-even point in number of passenger cars? (Refer to original data.) Fuel cost is a significant variable cost to any railway. If crude oil increases by $ 20 per barrel, it is estimated that variable cost per passenger will rise to $ 90. What will be the new break-even point in passengers and in number of passenger train cars? Springfield Express has experienced an increase in variable cost per passenger to $ 85 and an increase in total fixed cost to $ 3,600,000. The company has decided to raise the average fare to $ 205. If the tax rate is 30 percent, how many passengers per month are needed to generate an after-tax profit of $ 750,000? (Use original data). Springfield Express is considering offering a discounted fare of $ 120, which the company believes would increase the load factor to 80 percent. Only the additional seats would be sold at the discounted fare. Additional monthly advertising cost would be $ 180,000. How much pre-tax income would the discounted fare provide Springfield Express if the company has 50 passenger train cars per day, 30 days per month? Springfield Express has an opportunity to obtain a new route that would be traveled 20 times per month. The company believes it can sell seats at $ 175 on the route, but the load factor would be only 60 percent. Fixed cost would increase by $ 250,000 per month for additional personnel, additional passenger train cars, maintenance, and so on. Variable cost per passenger would remain at $ 70. Should the company obtain the route? How many passenger train cars must Springfield Express operate to earn pre-tax income of $ 120,000 per month on this route? If the load factor could be increased to 75 percent, how many passenger train cars must be operated to earn pre-tax income of $ 120,000 per month on this route? What qualitative factors should be considered by Springfield Express in making its decision about acquiring this route?

 

Grading Rubric for Case Study II:

 

Category

 

Points

 

%

 

Description

 

Documentation & Formatting

 

5

 

11%

 

Case Study will be completed in Word or Excel and contain necessary formulas to receive maximum credit

 

Organization & Cohesiveness

 

5

 

11%

 

Calculations for all parts should be organized and correctly labeled. In a quality case study, all questions should be addressed in a clear, concise manner.

 

Editing

 

5

 

11%

 

Quality work will be free of any spelling, punctuation or grammatical errors. Sentences and paragraphs ( where appropriate) will be clear, concise and factually correct

 

Content

 

30

 

67%

 

A quality project will have all of the required work completed and will be correct.

 

Total

 

45

 

100%

 

A quality project will meet or exceed all of the above requirements.

BUS 698 Week 6 Final Paper

BUS 698 Week 6 Final Paper

 

 

 

 

 

This final research paper must demonstrate the understanding of new learning in the field of supply chain management and how the supply chain supports the organization’s business strategy. This is an assignment with a length of 10 to 15 pages (not including title and reference pages) that should integrate the reading, multi-media and class discussion boards. You are required to utilize research from the classroom text, as well as 6 to 8 additional sources from the internet or online library to support your views. At least two of these sources must be from ProQuest.

 

Consider the validity of your resources carefully before using them in academic papers. It is recommended to use examples from your professional experience where possible, or build from your learning in the discussion boards.

 

In your 10- to 15-page research paper, you will describe both the business strategy and supply chain strategy for your organization, or for a business unit of your organization, or for some other organization for which you have worked in the past and still retain contacts. Your research paper will describe how this organization aligns its business strategy with its supply chain strategy (use the definition from page 26 of the text to guide you) if they have a formal one. You are to expand this description and supplement it with a critical analysis and suggested improvement steps/actions based on what you have learned in this course.

 

Key issues to address:

 

What opportunities exist to improve supply chain activities through better alignment of logistics and the company’s strategic plan?

 

In what ways can the supply chain integrate with logics in order to get goods and services moved effectively and efficiently?

 

How might a company’s agility in terms of the supply chain and/or logistics improve the movement of goods and /or products?

 

What challenges does the interaction of supplier and manufacturers bring to the logistics management arena?

 

What processes could be adopted to increase value for the customer?

 

What are the impacts of Supply Chain Management on various organizational functions?

 

What are the financial implications of improving supply chain management for the company?

 

What “best practices” are available to support your recommendations? 

ACCT505 Final Exam Answers

1. (TCO F) Bingham Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below.

Work in process, beginning:

Units in beginning work-in-process inventory

400

Materials costs

$6,900

Conversion costs

$2,500

Percentage complete for materials

80%

Percentage complete for conversion

15%

Units started into production during the month

6,000

Units transferred to the next department during the month

5,000

Materials costs added during the month

$112,500

Conversion costs added during the month

$210,300

Ending work in process:

Units in ending work-in-process inventory

1,200

Percentage complete for materials

60%

Percentage complete for conversion

30%

Required: Calculate the equivalent units for materials (using the weighted-average method) for the month in the first processing department. (Points : 25)

2. (TCO G) (Ignore income taxes in this problem.) Five years ago, the City of Paranoya spent $30,000 to purchase a computerized radar system called W.A.S.T.E. (Watching Aliens Sent To Earth). Recently, a sales rep from W.A.S.T.E. Radar Company told the city manager about a new and improved radar system that can be purchased for $50,000. The rep also told the manager that the company would give the city $10,000 in trade on the old system. The new system will last 10 years. The old system will also last that long but only if a $4,000 upgrade is done in 5 years. The manager assembled the following information to use in the decision regarding which system is more desirable:

Old System

New System

Cost of radar system

$30,000

$50,000

Current salvage value

$10,000

Salvage value in 10 years

$5,000

$8,000

Annual operating costs

$34,000

$29,000

Upgrade required in 5 years

$4,000

Discount rate

14%

14%

Required:

(a) What is the City of Paranoya’s net present value for the decision described above? Use the total cost approach.

(b) Should the City of Paranoya purchase the new system or keep the old system? (Points : 35)

3. (TCO B) Aziz Corporation produces and sells a single product. Data concerning that product appear below.

Selling price per unit

$130.00

Variable expense per unit

$27.30

Fixed expense per month

$165,347

Required:

Determine the monthly break-even in either unit or total dollar sales. Show your work! (Points : 25)

1. (TCO C) Nic Saybin Enterprises Accounting Department collects all pertinent monthly operating data. Selected data are presented below for the current month. From the data provided, please provide Saybin Enterprises Management with a flexible budget analysis to see how costs were controlled.

Actual Costs Incurred

Static Budget

Activity level (in units)

754,009

746,500

Variable Costs:

Indirect materials

$328,897

$325,640

Utilities

$174,332

$171,890

Fixed Costs:

General and administrative

$237,985

$244,908

Rent

$135,500

$135,000

(Points : 30)

2. (TCO D) Lindon Company uses 4,500 units of Part X each year as a component in the assembly of one of its products. The company is presently producing Part X internally at a total cost of $69,000 as follows:

Direct materials

$16,000

Direct labor

18,000

Variable manufacturing overhead

10,000

Fixed manufacturing overhead

25,000

Total costs

$69,000

An outside supplier has offered to provide Part X at a price of $11 per unit. If Lindon stops producing the part internally, one third of the manufacturing overhead would be eliminated.

Required: Prepare a make-or-buy analysis showing the annual advantage or disadvantage of accepting the outside supplier’s offer. (Points : 30)

3. (TCO E) Topple Company produces a single product. Operating data for the company and its absorption costing income statement for the last year is presented below:

Units in beginning inventory

0

Units produced

9,000

Units sold

7,000

Sales

$100,000

Less cost of goods sold:

Beginning inventory

0

Add cost of goods manufactured

54,000

Goods available for sale

54,000

Less ending inventory

12,000

Cost of goods sold

42,000

Gross margin

58,000

Less selling and admin. expenses

28,000

Net operating income

$30,000

Variable manufacturing costs are $4 per unit. Fixed factory overhead totals $18,000 for the year. This overhead was applied at a rate of $2 per unit. Variable selling and administrative expenses were $1 per unit sold. 

Required: Prepare a new income statement for the year using variable costing. Comment on the differences between the absorption costing and the variable costing income statements. (Points : 30)

. (TCO A) The following data (in thousands of dollars) have been taken from the accounting records of the Maroon Corporation for the just-completed year.

Sales

1,200

Raw materials inventory, beginning

25

Raw materials inventory, ending

50

Purchases of raw materials

180

Direct labor

230

Manufacturing overhead

250

Administrative expenses

400

Selling expenses

200

Work-in-process inventory, beginning

150

Work-in-process inventory, ending

120

Finished goods inventory, beginning

100

Finished goods inventory, ending

110

Use the above data to prepare (in thousands of dollars) a schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold for the year. In addition, what is the impact on the financial statements if the ending finished goods inventory is overstated or understated? (Points : 25)

1. (TCO F) Willow Creek Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor hours for the upcoming year at 38,500 labor hours. The estimated variable manufacturing overhead was $7.37 per labor hour and the estimated total fixed manufacturing overhead was $601,328. The actual labor hours for the year turned out to be 41,721 labor hours.

Required:

Compute the company’s predetermined overhead rate for the recently completed year. (Points : 25)

2. (TCO F) Matuseski Corporation is preparing its cash budget for October. The budgeted beginning cash balance is $17,000. Budgeted cash receipts total $187,000 and budgeted cash disbursements total $177,000. The desired ending cash balance is $40,000. The company can borrow up to $120,000 at any time from a local bank, with interest not due until the following month. 

Required:

Prepare the company’s cash budget for October in good form. (Points : 25)

INF 620 Week 6 Final Paper

Answer the following questions:

Analysis

What kinds of questions might McGraw-Hill have asked as part of determining the feasibility of the Primis

idea? Be sure to address the needs of the organization, end users (sales reps., faculty, students), IT specialists,

and the groups involved in producing the finished custom books.

How well did the systems approach work for the initial stages of the Primis system?

What could the team have done differently in the preliminary stages? How might this have affected the end

result?

Would you have implemented the system, armed with the information the team had at the time? Why or why

not?

Design

“Process engineering” is the design of business processes to achieve competitive advantage in cost, quality, speed, and service. Which of these advantages were driving the development of the Primis system for McGraw-Hill?

What types of systems design tools do you think McGraw-Hill used to develop the system’s functional requirements and technical specifications?

Business customers must perceive products/services are solutions to their problems. How did the Primis system design keep this objective in mind?

The Primis team knew that technology would change in the short and long run, affecting the design of the system. How did the team deal with the knowledge of this inevitable change and uncertainty?

System Development
9. Would prototyping have helped the Primis team? Why or why not?
10. What role should end users have played in the development of the system? 11. What change management techniques did McGraw-Hill use to increase the chances of success for the system? 12. Why was it important to consider the relationship of Primis to back-end systems at McGraw-Hill?

13. If you were the project manager for Primis, what would you have done differently? Explain your response.

Maintenance

If you were a professor considering adoption of a custom textbook for your students, which form would you

choose: black and white print, or color eBook? Support your answer.

Part of system maintenance is managing the growing volume of content in the Primis database. If you were

managing this content, what criteria might you use for determining what gets added? Since many print textbooks are revised every few years, how would this process affect contents in the Primis database?

MAT 540 Week 9 Quiz 5

1. In a _______ integer model, some solution values for decision variables are integer and others can be non-integer.   

a. total

 b. 0 – 1

 c. mixed

 d. all of the above

 

2. In a total integer model, some solution values for decision variables are integer and others can be non-integer.     TRUE/FALSE

 

3. In a problem involving capital budgeting applications, the 0-1 variables designate the acceptance or rejection of the different projects.   TRUE/FALSE

 

4. If a maximization linear programming problem consist of all less-than-or-equal-to constraints with all positive coefficients and the objective function consists of all positive objective function coefficients, then rounding down the linear programming optimal solution values of the decision variables will ______ result in a(n)  _____ solution to the integer linear programming problem.

A) always, optimal

B) always, non-optimal

C) never, non-optimal

D) sometimes, optimal

E) never, optimal

 

5. The branch and bound method of solving linear integer programming problems is an enumeration method.    TRUE/FALSE

 

6. In a mixed integer model, all decision variables have integer solution values.

TRUE/FALSE

 

7. For a maximization integer linear programming problem, feasible solution is ensured by rounding _______  non-integer solution values if all of the constraints are less-than -or equal- to type.

A) up and down

B) up

C) down

D) up or down

 

8. In a total integer model, all decision variables have integer solution values.  TRUE/FALSE

 

9. The 3 types of integer programming models are total, 0 – 1, and mixed.   TRUE/FALSE

 

10. The branch and bound method of solving linear integer programming problems is  _______.

A) an integer method

B) a relaxation method

C) a graphical solution

D) an enumeration method

 

11. The linear programming relaxation contains the   _______ and the original constraints of the integer programming problem, but drops all integer restrictions.

different variables

slack values

objective function

decision variables

surplus variables

 

12. The branch and bound method can only be used for maximization integer programming problems.    TRUE/FALSE

 

13. The solution value (Z)  to the linear programming relaxation of a minimization problem  will always be less than or equal to the optimal solution value (Z) of the integer programming minimization problem    TRUE/FALSE

 

14. The implicit enumeration method

A) generates an optimal integer solution when no new constraints can be added to the relaxed linear programming model

B) eliminates obviously infeasible solutions and evaluates the remaining solutions to determine which one is optimal

C) is used to solve a mixed integer linear programming model

D) cannot be used to solve linear programming models with multiple infeasible solutions

 

15.Types of integer programming models are _____________.

A) total

B) 0 – 1

C) mixed

D) all of the above

 

16. In a 0 – 1 integer model, the solution values of the decision variables are 0 or 1.

TRUE/FALSE

 

17. Which of the following is not an integer linear programming problem?

A) pure integer

B) mixed integer

C) 0-1integer

D) continuous

 

18. In a mixed integer model, some solution values for decision variables are integer and others can be non-integer.    TRUE/FALSE

 

19. Rounding small values of decision variables to the nearest integer value causes _______ problems than rounding large values.

similar

more

fewer

none of the above

 

20. In using rounding of a linear programming model to obtain an integer solution, the solution is ___________.

always optimal and feasible

sometimes optimal and feasible

always optimal

always feasible

 

never optimal and feasible