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External link to Question : 51) A statement that argues that “if taxes gasoline increase, : 1240360
Economics

Question : 51) A statement that argues that “if taxes gasoline increase, : 1240360

    51) A statement that argues that “if taxes on gasoline increase, gasoline consumption will decrease” is an example of what kind of statement? A) a marginal statement B) a macroeconomic statement C) a normative statement D) a positive statement E) a statement that violates rational choice 52) Which of the following statements is a positive statement? A) Our country must increase military spending. […]

External link to Question : 4.2   Supply 1) To be part of the supply for a : 1228170
Economics

Question : 4.2   Supply 1) To be part of the supply for a : 1228170

  4.2   Supply   1) To be part of the supply for a good, a producer must be A) only able to supply the good. B) only willing to supply the good. C) both able and willing to supply the good. D) both able and willing to supply the good, and have already identified a buyer. E) both able and willing to supply the good, […]

External link to Question : Multiple Choice Questions 49.Which of the following the most accurate definition : 1243797
Economics

Question : Multiple Choice Questions 49.Which of the following the most accurate definition : 1243797

  Multiple Choice Questions  49.Which of the following is the most accurate definition of leadership?  A.Leadership refers to transforming the day-to-day activities of an organization to increase its effectiveness. B.Leadership refers to the personality traits of an individual which makes him or her guide an organization to better performance and effectiveness. C.Leadership refers to the abilities of an individual to act according to the changes […]

External link to Question : 41) Auctions in recent years have resulted in higher prices : 1245038
Economics

Question : 41) Auctions in recent years have resulted in higher prices : 1245038

    41) Auctions in recent years have resulted in higher prices paid for letters written by John Wilkes Booth than those written by Abraham Lincoln. What is a reason for this difference in price? A) There is a surplus of letters written by Booth and a shortage of letters written by Lincoln. B) Many people are more fascinated by villains and anti-heroes than by […]

External link to Question : 181.TowhichoftheproblemsintheconstructionoftheCPIisthecreationofthemobilephonemostrelevant? a.substitutionbias b.introductionofnewgoods c.unmeasuredqualitychange : 1261694
Economics

Question : 181.TowhichoftheproblemsintheconstructionoftheCPIisthecreationofthemobilephonemostrelevant? a.substitutionbias b.introductionofnewgoods c.unmeasuredqualitychange : 1261694

  181.TowhichoftheproblemsintheconstructionoftheCPIisthecreationofthemobilephonemostrelevant? a.substitutionbias b.introductionofnewgoods c.unmeasuredqualitychange d.incomebias 182.Ifthequalityofagoodimproveswhileitspriceremainsthesame,thenthevalueofadollar a.risesandthecostoflivingincreases. b.risesandthecostoflivingdecreases. c.fallsandthecostoflivingincreases. d.fallsandthecostoflivingdecreases. 183.Ifthequalityofagooddeteriorateswhileitspriceremainsthesame,thenthevalueofadollar a.risesandthecostoflivingincreases. b.risesandthecostoflivingdecreases. c.fallsandthecostoflivingincreases. d.fallsandthecostoflivingdecreases. 184.Whenthequalityofagoodimproveswhileitspriceremainsthesame,thepurchasingpowerofthedollar a.increases,sotheCPIoverstatesthechangeinthecostoflivingifthequalitychangeisnotaccountedfor. b.increases,sotheCPIunderstatesthechangeinthecostoflivingifthequalitychangeisnotaccountedfor. c.decreases,sotheCPIoverstatesthechangeinthecostoflivingifthequalitychangeisnotaccountedfor. d.decreases,sotheCPIunderstatesthechangeinthecostoflivingifthequalitychangeisnotaccountedfor. 185.Whenthequalityofagooddeteriorateswhileitspriceremainsthesame,thepurchasingpowerofthedollar a.increases,sotheCPIoverstatesthechangeinthecostoflivingifthequalitychangeisnotaccountedfor. b.increases,sotheCPIunderstatesthechangeinthecostoflivingifthequalitychangeisnotaccountedfor. c.decreases,sotheCPIoverstatesthechangeinthecostoflivingifthequalitychangeisnotaccountedfor. d.decreases,sotheCPIunderstatesthechangeinthecostoflivingifthequalitychangeisnotaccountedfor. 186.OneofthewidelyacknowledgedproblemswithusingtheconsumerpriceindexasameasureofthecostoflivingisthattheCPI a.failstomeasureallchangesinthequalityofgoods. b.displaysahousingbias. c.accountsforchangesinpricesofsomegoods,butpricesofcertaingoodsareassumedtoremainconstant. d.Alloftheabovearecorrect. 187.SupposelawnmowersarepartofthemarketbasketusedtocomputetheCPI.Supposealsothatthequalityoflawnmowersdeteriorateswhilethepriceoflawnmowersstaysthesame.IftheBureauofLaborStatisticsisabletopreciselyadjusttheCPIfortheimprovementinquality,then,otherthingsequal, a.theCPIwillrise. b.theCPIwillfall. c.theCPIwillstaythesame. d.lawnmowerswillnolongerbeincludedinthemarketbasket. 188.Forsomeracquetsports,therehavebeenincreasesinthesizeoftheracquets;also,themethodsandmaterialsusedformakingracquetshaveimproved.TowhichproblemintheconstructionoftheCPIisthissituationmostrelevant? a.substitutionbias b.introductionofnewgoods c.unmeasuredqualitychange d.incomebias 189.Michelleboughtword-processingsoftwarein2009for$75.Michelle’scousin,Barry,boughtanupgradeofthesamesoftwarein2010for$75.TowhichproblemintheconstructionoftheCPIisthissituationmostrelevant? a.substitutionbias b.unmeasuredqualitychange c.introductionofnewgoods d.incomebias 190.WhichofthefollowingisthemostaccuratestatementabouttheeffectsofqualitychangeontheCPI? a.EventhoughtheBLSadjuststhepricesofproductsintheCPIbasketwhenthequalityoftheproductschanges,changesinqualityarestillaproblembecausequalityissohardtomeasure. b.BecausetheBLSadjuststhepricesofproductsintheCPIbasketwhenthequalityoftheproductschanges,changesinqualityarenolongeraproblemfortheCPI. c.TheBLSdoesnotadjusttheCPIforqualitychanges. d.MosteconomistsbelievethatchangesinthequalityofgoodsincludedintheCPIbasketdonotbiastheCPIasameasureofthecostofliving.    

External link to Question : 11) A decrease in investment leads to ________ in aggregate : 1240535
Economics

Question : 11) A decrease in investment leads to ________ in aggregate : 1240535

  11) A decrease in investment leads to ________ in aggregate demand and ________ in real GDP. A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease E) no change; a decrease   12) A deep recession hits the world economy, and real GDP in the rest of the world decreases. In the United States, […]

External link to Question : CHAPTER TEST QUESTIONS Objective Questions For each question, choose the best answer. 1.The : 1303768
Economics

Question : CHAPTER TEST QUESTIONS Objective Questions For each question, choose the best answer. 1.The : 1303768

CHAPTER TEST QUESTIONS   Objective Questions   For each question, choose the best answer.   1.The main purpose of an intake interview is to: A.provide a starting point for providing help. B.find a way to categorize an individual. C.allow the client to complete intake forms. D.offer solutions for the client’s problem(s).     2.The case manager communicates helping attitudes by: A.treating all clients in the […]

External link to Question : 51.              Which of the following statements regarding complexity and the : 1265008
Economics

Question : 51.              Which of the following statements regarding complexity and the : 1265008

  51.              Which of the following statements regarding complexity and the strategic decision process is NOT true? a.As complexity increases, the strategic decision process will become more politicized. b.The organization will find it more difficult to recognize environmental opportunities and threats as complexity increases. c.As complexity increases, the strategic process will be constrained by the limitations of top managers. d.The constraints on good decision processes […]

External link to Question : 11) When firms in a perfectly competitive market incur economic : 1226176
Economics

Question : 11) When firms in a perfectly competitive market incur economic : 1226176

  11) When firms in a perfectly competitive market incur economic losses, exit by some firms means the market supply will A) increase. B) decrease. C) not change. D) become vertical. E) become the same as the individual producers’ supplies.   12) To eliminate losses in a perfectly competitive market, firms exit the industry. This exit results in A) an increase in market supply. B) […]

External link to Question : 3.5   Chapter Figures 1) The figure above shows a production possibilities : 1238977
Economics

Question : 3.5   Chapter Figures 1) The figure above shows a production possibilities : 1238977

  3.5   Chapter Figures   1) The figure above shows a production possibilities frontier. In the figure, which of the following combinations of the two goods cannot be produced with the current resources and technology? A) 2 million cell phones and 13 million DVDs B) 4 million cell phones and 4 million DVDs C) 1 million cell phones and 14 million DVDs D) 3 million […]

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Approximate price: $22

July 1, 2023
    

 

NO PLAGIARISM, MUST BE ORIGINAL WORK!!!!

THIS IS A 2 PART ASSIGHNMENT

PART 1 EXCEL SHEET, MUST COMPUTE ALL PROBLEMS USING EXCEL WITH APPROPRIATE FORMULAS IN CELLS TO SHOW HOW ANSWERS WERE RECEIVED.

PART 2 WORD DOCUMENT, DEVELOP A STATISTICAL ANALYSIS 700 MINIMUM

MUST INCLUDE AT LEAST 1 IN TEXT CITATIONS WITH ALL REFERENCES LISTED IN APA FORMAT

DO NOT INCLUDE QUESTIONS IN WORD DOCUMENT

Develop a 700-word statistical analysis.

Use descriptive statistics to compute a measure of performance John can use to analyze his delivery performance. Find the following for your measures:

  • Mean
  • Standard deviation
  • Sample size
  • Five-number summary on the total time

Conduct a formal hypothesis testing to help John decide whether to offer the delivery guarantee or not.

Estimate the probability of an order taking longer than 30 minutes.

Make a recommendation in a short narrative including the following:

  • Based on the sampled data, should John offer the guarantee?
  • What percent of the Saturday deliveries would result in a customer receiving a free order?
  • What recommendations might help John improve his Saturday delivery times?

Format your assignment consistent with APA format

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July 1, 2023
    

6. An example of a period cost is a(n):
Answer

A. selling cost

B. product cost

C. manufacturing cost

D. inventoriable cost

9. An example of a qualitative factor is:
Answer

A. an irrelevant cost

B. customer satisfaction

C. a relevant cost

D. increased income

13. Using ABC can help a firm:

A. reduce costs

B. increase the retail price of its products

C. decrease the wholesale prices of its products

D. reduce its workforce

14. The two methods for determining the cost of products are:

A. process and absorption costing

B. job order and consumer based costing

C. activity-based and process costing

D. job order and process costing

20. A typical example of a quantitative factor is:
Answer

A. the purchase price of a new machine

B. customer satisfaction

C. product quality

D. employee morale

21. Sunk costs:

A. can be changed by future actions only

B. can be changed by current actions only

C. can be changed by current or future actions depending on the situation

D. None of these answers is correct

22. Another term used for regression analysis is:

A. the least-squares method

B. the high-low metho

C. the engineering approach

D. scatter graphing

23. A method used to separate a mixed cost using experts or other professionals that are familiar with technical aspects of the activity and associated costs is the:

A. scatter graphing

B. high-low metho

C. engineering approach

D. regression analysis

24. Activity-based costing uses:

A. multiple cost pools to develop a single allocation rate

B. multiple cost pools to develop multiple allocation rates

C. a single cost pool to develop multiple allocation rates

D. a single cost pool to develop a single allocation rate

25. Manufacturing overhead allocated using ABC will:

A. be more accurate and representative of resources consumed than a traditional allocation method

B. always be lower than if a traditional allocation method is used

C. always be higher than if a traditional allocation method is used

D. generally be the same as when a traditional allocation method is used

27. Using another firm to make a product or part of a product, rather than making it internally, is an example of:

A. relevant costing

B. outsourcing

C. opportunity costing

D. special ordering

28. One benefit of using activity-based costing is that it:

A. views more costs as indirect costs and therefore they need to be allocated

B. is easier to use than more traditional methods

C. follows established GAAP guidelines and is therefore more accepted

D. reclassifies certain manufacturing overhead costs into direct components

29. There are several variations of the cost-volume-profit formula. One determines the required sales in dollars, while the other determines sales in units. The formula which determines required sales in dollars uses the:
Answer

A. break-even point in units

B. contribution margin ratio

C. contribution margin per unit

D. gross profit point

30. The break-even point is important to managers because it:

A. tells managers how far sales can decline before the company will incur a loss

B. determines the required sales in dollars to achieve a profit

C. is useful to owners and managers starting a business

D. Answers A and C are both correct

31. In a job order costing system the term "job" refers to a:

A. single unit

B. batch of units

C. process

D. Answers A and B are both correct

34. A product held for sale by a retailer is know as a(n):

A. common cost

B. liability

C. asset

D. indirect cost

35. The job order and process costing systems are:

A. not considered a part of management accounting

B. not interchangeable

C. based on GAAP

D. interchangeable

36. An appropriate cost allocation base should:

A. be correlated to the amount of administrative overhead incurred annually

B. be easy to identify, compute, and journalize

C. be correlated to the amount of overhead resources consumed

D. None of these answers is correct

38. Anita's Art Gallery sells pictures for $50 each. She pays $20 for the print and frame, and pays the sales clerk 10% as a commission. She has $5,000 of monthly fixed costs as well. How many sales dollars in pictures does Anita need to sell to break even?

A. $12,500

B. $5,000

C. $20,000

D. $10,000

default image
July 1, 2023
    

6. An example of a period cost is a(n):
Answer

A. selling cost

B. product cost

C. manufacturing cost

D. inventoriable cost

9. An example of a qualitative factor is:
Answer

A. an irrelevant cost

B. customer satisfaction

C. a relevant cost

D. increased income

13. Using ABC can help a firm:

A. reduce costs

B. increase the retail price of its products

C. decrease the wholesale prices of its products

D. reduce its workforce

14. The two methods for determining the cost of products are:

A. process and absorption costing

B. job order and consumer based costing

C. activity-based and process costing

D. job order and process costing

20. A typical example of a quantitative factor is:
Answer

A. the purchase price of a new machine

B. customer satisfaction

C. product quality

D. employee morale

21. Sunk costs:

A. can be changed by future actions only

B. can be changed by current actions only

C. can be changed by current or future actions depending on the situation

D. None of these answers is correct

22. Another term used for regression analysis is:

A. the least-squares method

B. the high-low metho

C. the engineering approach

D. scatter graphing

23. A method used to separate a mixed cost using experts or other professionals that are familiar with technical aspects of the activity and associated costs is the:

A. scatter graphing

B. high-low metho

C. engineering approach

D. regression analysis

24. Activity-based costing uses:

A. multiple cost pools to develop a single allocation rate

B. multiple cost pools to develop multiple allocation rates

C. a single cost pool to develop multiple allocation rates

D. a single cost pool to develop a single allocation rate

25. Manufacturing overhead allocated using ABC will:

A. be more accurate and representative of resources consumed than a traditional allocation method

B. always be lower than if a traditional allocation method is used

C. always be higher than if a traditional allocation method is used

D. generally be the same as when a traditional allocation method is used

27. Using another firm to make a product or part of a product, rather than making it internally, is an example of:

A. relevant costing

B. outsourcing

C. opportunity costing

D. special ordering

28. One benefit of using activity-based costing is that it:

A. views more costs as indirect costs and therefore they need to be allocated

B. is easier to use than more traditional methods

C. follows established GAAP guidelines and is therefore more accepted

D. reclassifies certain manufacturing overhead costs into direct components

29. There are several variations of the cost-volume-profit formula. One determines the required sales in dollars, while the other determines sales in units. The formula which determines required sales in dollars uses the:
Answer

A. break-even point in units

B. contribution margin ratio

C. contribution margin per unit

D. gross profit point

30. The break-even point is important to managers because it:

A. tells managers how far sales can decline before the company will incur a loss

B. determines the required sales in dollars to achieve a profit

C. is useful to owners and managers starting a business

D. Answers A and C are both correct

31. In a job order costing system the term "job" refers to a:

A. single unit

B. batch of units

C. process

D. Answers A and B are both correct

34. A product held for sale by a retailer is know as a(n):

A. common cost

B. liability

C. asset

D. indirect cost

35. The job order and process costing systems are:

A. not considered a part of management accounting

B. not interchangeable

C. based on GAAP

D. interchangeable

36. An appropriate cost allocation base should:

A. be correlated to the amount of administrative overhead incurred annually

B. be easy to identify, compute, and journalize

C. be correlated to the amount of overhead resources consumed

D. None of these answers is correct

38. Anita's Art Gallery sells pictures for $50 each. She pays $20 for the print and frame, and pays the sales clerk 10% as a commission. She has $5,000 of monthly fixed costs as well. How many sales dollars in pictures does Anita need to sell to break even?

A. $12,500

B. $5,000

C. $20,000

D. $10,000

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