Problem 3Use the following to answer the questions belowz is th.pdf

•

0 gostou•2 visualizações

Problem 11 in Chapter 15 examined the TV-viewing habits of adopted children in relation to their biological parents and their adoptive parents. The data are reproduced as follows. If both the biological and adoptive parents are used to predict the viewing habits of the children in a multiple-regression equation, what percentage of the variance in the children Solution Formula R2= 1-(SSer/SSt).

Educação

Problem 3
Use the following to answer the questions below:
z is the marginal utility per dollar, x is the amount spent on product A, and y is the amount spent
on product B.
Assume MUA = z = 10 – x and MUB = z = 21 – 2y.
Assume that the consumer has $10 to spend on A and B; that is, x + y = 10.
(a) What is best way to allocate the expenditure of the $10?
(b) What is the marginal utility per dollar in the optimal allocation?
Solution
(a) we know that at effecient allocation of resources to have purchases of different goods, the
marginal utility per dollar of each good should be equal.
We have, MUA = z = 10 – x and MUB = z = 21 – 2y
Equating the above two MUs as follows:
MUA = MUB
10 – x = 21 – 2y
-x = 11-2y
x = 2y - 11 ....................... equation (i)
and we have expenditure function as x+y = 10
putting value of x from equation (i) into the above function as follows:
2y - 11 + y = 10
3y = 21
y = 7
and x = 10 - 7 = 3
Thus, the consumer will spend $3 on good x and $7 on good y to get best allocation of the
expenditure.
(b) MU per dollar of good x = 10 - (3) = 7 utils.
MU per dollar of good y = 21 - 2(7) = 21 - 14 = 7 utils.
Hence the marginal utility per dollar in the optimal allocation is 7 utils.

Mais conteúdo relacionado

Mais de ajantaopt

Problem 11-2A the following are selected transactions of Blanco Company. Blanco prepares financial statements quarterly. A. Prepare Journal entries for the listed transactions and events. B. Post the accounts Notes Payable, Interest payable, and Interest Expense. C. Show the balance sheet presentation of notes and interest payable at December 31. D. What is the total interest expense for the year????Jan. 2Purchased merchandise on account from Nunez Company, $28,800, terms 3/10, n/30. (Blanco uses the perpetual inventory system.)Feb. 1Issued a 9%, 2-month, $28,800 note to Nunez in payment of account.March. 31Accrued interest for 2 months on Nunez note.Apr. 1Paid face value and interest on Nunez note.July 1Purchased equipment from Marson Equipment apying $12,690 in cash and signing a 10%, 3 month, $50,400 note.Sept. 30Accrued interest for 3 months on Marson note.Oct 1Paid face value and interest on Marson note.Dec. 1Borrowed $28,800 from the Paola Bank by issuing a 3- month, 8% note with a face value of $28,800.Dec. 31Recognized interest expense for 1 month on Paola Bank note. Solution (‘A)- Journal Entries Sr No Date Account Details and Explanation Debit Credit (1) Jan,2 Merchandise Inventory 28,800 Accounts Payable 28,800 To record the merchandise purchase (2) Feb,1 Accounts Payable 28,800 Notes Payable 28,800 To record the issuance of 9% , 2 month notes payable against liability for purchase of merchandise (3) Mar 31, Interest Expense ( 28800 x 0.09 x 2/12) 432 Interest Payable 432 To record the interest due on notes payable (4) Apr,1 Notes Payable 28,800 Interest Payable 432 Cash 29,232 (5) July,1 Equipment 63,090 Cash 12,690 Notes Payable 50,400 To record the purchase of equipment against cash and issuance of 10 %, 3 months notes of $50,400 (6) Sep,30 Interest Expense 1,260 Interest Payable 1,260 To record the interest due on notes payable (7) Oct,1 Notes Payable 50,400 Interest Payable 1,260 Cash 51,66 To record the payment of Face value of notes payable and interest thereon. (8) Dec,1 Cash 28,800 Notes Payable 28,800 To record the borrowing from Paola Bank against issuance of 8%, 3 months notes payable (9) Dec 31, Interest Expense 192 Interest Payable 192 To record the accrued interest at the quarter end. (‘B) Posting of Accounts Notes Payable, Interest Expense and Interest Payable Notes Payable (4) 28,800 (7) 50,400 28,800 (2) 50,400 (5) 28,800 (8) 28,800 Interest Expense (3) 432 (6) 1260 (9) 192 Interest Payable (4) 432 (7) 1260 432 (3) 1260 (6) 192 (9) 192 (‘C ) Balance Sheet Extracts Assets Amount ($) Liabilities Amount ($) Current Liabilities Notes Payable 28,800 Interest Payable 192 28,992 (‘D) Interest Expense for The year Interest Expense = $ 1,884 (‘A)- Journal Entries Sr No Date Account Details and Explanation Debit Credit (1) Jan,2 Merchandise Inventory 28,800 Accounts Payable 28,800 To record the merchandise purchase (2) Feb,1 Accounts Payable 28,800 Notes Payable 28,800 To record the issuance of 9% , 2 month notes payable ag.

Problem 11-2Athe following are selected transactions of Blanco Com.pdf

ajantaopt

Problem 1.27 ,a,b,f from Chapter 1 in the text book Signals and S.pdf

ajantaopt

Problem 11 in Chapter 15 examined the TV-viewing habits of adopted .pdf

ajantaopt

Problem 3-9 After plotting demand for four periods, an emergency room manager has concluded that a trend- adjusted exponential smoothing model is appropriate to predict future demand. The initial estimate of trend is based on the net change of 30 for the three periods from 1 to 4, for an average of +10 units. Use ?=.5 and ?=.1, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10. (Round your intermediate calculations and final answers to 2 decimal places.) After plotting demand for four periods, an emergency room manager has concluded that a trend- adjusted exponential smoothing model is appropriate to predict future demand. The initial estimate of trend is based on the net change of 30 for the three periods from 1 to 4, for an average of +10 units. Solution 6 263.30 7 272.89 8 281.53 9 290.78 10 298.72.

Problem httpi.imgur.comLFdvjnJ.jpg1SolutionAssumtions of.pdf

ajantaopt

problem 24.4b please help PROBLEM 24.4B Hans Enterprises is a large producer of birdseed. During June, the company produced 160 Computing and Journalizing Cost Variances 60 batche of crow bait. Each batch weighs 1,000 pounds. To produce this quantity of output, the purchased and used 170,000 pounds of direct materials at a cost of $816,000. It also incured á labor costs of $20,000 for the 2.500 hours worked by employees on the crow bait crew turing overhead incurred at the crow bait plant during June totaled $4.200, of which also incurred direct Man $3,100 was )-pound batch of crow bait is as considered fixed. Hans\'s standard cost information for each 1,000-pound batch of crow bait is follows: Direct materials standard price Standard quantity allowed per batch Direct labor standard rate Standard hours allowed per batch . $5.00 per pound 1,025 pounds $8.25 per hour . .. . .. . ...15 direct labor hours $3,200 per month . . . . .150 batches per month $10.00 per batch . . .. . Normal level of production .. . Variable overhead application rate Fixed overhead application rate .. . ($3,300+150 batches) . Total overhead application rate 22.00 per batch $32.00 per batch Solution Material Price variance StandardPrice of material Actual Cost Variance AQ 170000*5 Given 850000 816000 34000 Favorable Variance Quantity Variance Standared Rate*SQ =5*1025*160 Actual Q *standard rate =170000*5 Variance 820000 850000 -30000 Unfavorable Variance Labor rate Variance Standared Labor Cost Actual Labor Cost Variance 8.25*2500 Given 20625 20000 625 Favorable Variance Efficiency Variance Standared Hour *standared rate Actual Hour * Standard rate Variance 19800 20625 -825 Unfavorable Variance Mnaufacturing Overhead spending Variance standard Variable +fixed overhead Given 4800 4200 600 Favorable Variance Volume Variance 4800 5120 320 Favorable Variance DR CR Work in Progress 820000 Quantity Variance 30000 Material Price variance 34000 Direct Material 816000 Work in Progress 19800 Efficiency Variance 825 Labor rate Variance 625 Direct labor 20000 Work in Progress 4800 Mnaufacturing Overhead spending Variance 600 Manufacturing Overhead 4200 Finished goods 844600 Work in Progress 844600 over applied overhead 600 Cost of goods sold 600.

Problem 8-9A certain investment requires an initial outlay of $12 .pdf

ajantaopt

Problem 6. Bag 1 has 2 red chips and 4 white chips. Bag 2 has 3 red .pdf

ajantaopt

Problem 16 in Chapter 11 described a study examining the effect of eating oatmeal regularly the effect of eating oatmeal regularly on cholesterol. Cholesterol was measured before and after adding oatmeal to the diet of a sample of n = 9 participants. for this sample, cholesterol scores averaged MD = 16 points lower with the oatmeal diet with SS = 538 for the difference scores. Use the data to estimate how much effort oatmeal would have on the cholesterol level for this general population. Make a point estimate and a 95% confidence interval estimate of the population mean difference. Solution Given mean=16, s^2=SS/(n-1)=538/8= 67.25 a point estimate= 16 a=0.05, |t(0.025,df=n-1=8)|=2.31 (check student t table) So 95% CI is xbar±t*[s^2/n] --> 16±2.31*sqrt(67.25/9) --> (9.685531, 22.31447).

Problem 5At a constant interest rate of 15, compounded annually, .pdf

ajantaopt

Problem 12-9A ODGERS INC. Comparative Balance Sheets December 31 Assets 2014 2013 $ 155,944 $ 93,412 169,454 73,340 217,125 198,501 54,812 50,180 266,340 210,370 550,050 468,025 (96,500 ) (100,360 ) $1,317,225 $993,468 Liabilities and Stockholders’ Equity $ 196,860 $ 129,889 31,845 40,530 212,300 281,780 424,600 337,750 451,620 203,519 $1,317,225 $993,468 ODGERS INC. Income Statement Data For the Year Ended December 31, 2014 $749,728 $261,438 23,951 89,745 52,650 9,129 14,475 451,388 $ 298,340 ODGERS INC. Statement of Cash Flows For the Year Ended December 31, 2014 Adjustments to reconcile net income to Problem 12-9A Condensed financial data of Odgers Inc. follow. ODGERS INC. Comparative Balance Sheets December 31 Assets 2014 2013Cash $ 155,944 $ 93,412Accounts receivable 169,454 73,340Inventory 217,125 198,501Prepaid expenses 54,812 50,180Long-term investments 266,340 210,370Plant assets 550,050 468,025Accumulated depreciation (96,500 ) (100,360 )Total $1,317,225 $993,468 Liabilities and Stockholders’ EquityAccounts payable $ 196,860 $ 129,889Accrued expenses payable 31,845 40,530Bonds payable 212,300 281,780Common stock 424,600 337,750Retained earnings 451,620 203,519Total $1,317,225 $993,468 ODGERS INC. Income Statement Data For the Year Ended December 31, 2014Sales revenue $749,728Less: Cost of goods sold $261,438 Operating expenses, excluding depreciation 23,951 Depreciation expense 89,745 Income tax expense 52,650 Interest expense 9,129 Loss on disposal of plant assets 14,475 451,388Net income $ 298,340 Additional information: 1.New plant assets costing $193,000 were purchased for cash during the year.2.Old plant assets having an original cost of $110,975 and accumulated depreciation of $93,605 were sold for $2,895 cash.3.Bonds payable matured and were paid off at face value for cash.4.A cash dividend of $50,239 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) ODGERS INC. Statement of Cash Flows For the Year Ended December 31, 2014 Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Increase in Accounts Payable Loss on Disposal of Plant Assets Net Income Decrease in Accounts Receivable Increase in Prepaid Expenses Decrease in Prepaid Expenses Decrease in Accrued Expenses Payable Decrease in Inventory Increase in Inventory Sale of Common Stock Payment of Cash Dividends Increase in Accounts Receivable Redemption of Bonds Purchase of Plant Assets Depreciation Expense Decrease in Accounts Payable Increase in Accrue.

Problem 12-9AODGERS INC.Comparative Balance Sheets December 31.pdf

ajantaopt

Problem 11-2A Fechter Corporation had the following stockholders’ equity accounts on January 1, 2017: Common Stock ($5 par) $536,800, Paid-in Capital in Excess of Par—Common Stock $193,790, and Retained Earnings $100,450. In 2017, the company had the following treasury stock transactions. Mar. 1 Purchased 5,700 shares at $9 per share. June 1 Sold 1,040 shares at $13 per share. Sept. 1 Sold 1,980 shares at $10 per share. Dec. 1 Sold 1,310 shares at $7 per share. Fechter Corporation uses the cost method of accounting for treasury stock. In 2017, the company reported net income of $32,820 ournalize the treasury stock transactions, and prepare the closing entry at December 31, 2017, for net income. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select \"No Entry\" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Paid-in Capital from Treasury Stock Date Explanation Ref. Debit Credit Balance J10 J10 J10 Treasury Stock Date Explanation Ref. Debit Credit Balance J10 J10 J10 J10 Retained Earnings Date Explanation Ref. Debit Credit Balance Balance ? J10 SHOW LIST OF ACCOUNTS Date Account Titles and Explanation Debit Credit Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31 Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31 Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31 Dec. 1 Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31 SHOW LIST OF ACCOUNTS Solution Journal Entries: Date Account Titles and Explanation Debit Credit Mar. 1 Treasury Stock (5700*$9) $ 51,300.00 Cash $ 51,300.00 (Being shares repurchased ) June. 1 Cash (1040*$13) $ 13,520.00 Paid-in Capital from Treasury Stock = 13520 - 9360 $ 4,160.00 Treasury Stock (1040*$9) $ 9,360.00 (Being treasury shares reissued) Sept. 1 Cash (1980*$10) $ 19,800.00 Paid-in Capital from Treasury Stock = 19800-17820 $ 1,980.00 Treasury Stock (1980*$9) $ 17,820.00 (Being treasury shares reissued) Dec. 1 Cash (1310*$7) $ 9,170.00 Paid-in Capital from Treasury Stock = 11790-9170 $ 2,620.00 Treasury Stock (1310*$9) $ 11,790.00 (Being treasury shares reissued) Dec. 31 Income Summary $ 32,820.00 Retained Earnings $ 32,820.00 (Being bet inc0me closed) Paid-in Capital from Treasury Stock Date Explanation Ref. Debit Credit Balance June. 1 J10 $ 4,160.00 $ 4,160.00 Sept. 1 J10 $ 1,980.00 $ 6,140.00 Dec. 1 J10 $ 2,620.00 $ 3,520.00 Treasury Stock Date Explanation Ref. Debit Credit Balance Mar. 1 J10 $ 51,300.00 $ 51,300.00 June. 1 J10 $ 9,360.00 $ 41,940.00 Sept. 1 J10 $ 17,820.00 $ 24,120.00 Dec. 1 J10 $ 11,790.00 $ 12,330.00 Retained Earnings Date Explanation Ref. Debit Credit Balance Balance $ 100,450.00 $ 100,450.00 Dec. 31 J10 $ 32,820.00 $ 133,270.00 FECHTER CORPORATION Balance Sheet (Partial) For the Year Ended December 31, 2017 Common Stock ($5 par) $ 536,800.00 Paid-in Capital in Excess of Par—Common Stock $ 193,790.00 Retained Earnings $ 133,270.0.

Problem 11-2A Fechter Corporation had the following stockholders’ eq.pdf

ajantaopt

Mais de ajantaopt (9)