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Irina18 [472]
3 years ago
9

The owner of a shopping mall wishes to expand the number of shops available in the food court. She has a market researcher surve

y mall customers during weekday mornings to determine what types of food the shoppers would like to see added to the food court. Which type of bias does this study contain?
Business
1 answer:
Angelina_Jolie [31]3 years ago
8 0

Answer:

The Sampling Bias

Explanation:

Here in this question, the owner is only getting information about the customers which are coming to the mall on weekdays only while neglecting the response which could have been received on weekends.

Therefore this can be termed as a <em>Sampling Bias. </em><em>The perfect way to go after this question is to ask the customers which are coming to the mall on weekends as well as weekdays, throughout the day.</em>

<em>Hope this helps. Good luck.</em>

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The cases filed at The Cross Company related to gender discrimination include one in which a 33-year-old sales representative wa
Romashka-Z-Leto [24]

Answer:

Title VII of the CRA

Explanation:

Title VII of the Civil Rights Act (CRA) is a landmark federal law that aims to protect employees against discrimination based on race, colour, sex, nation of origin, or religion.

The act was made law in 1964.

In the given scenario a female sales representative with excellent performance review was not promoted for 8 years, while Jim a male sales representative was promoted in just 18 months.

This is a gender based discrimination and is covered by Title VII of the CRA.

Age discrimination does not apply because it addresses discrimination of employees with minimum age of 40 years.

Equity act requires that employees on the same job role are compensated equally. This does not also apply.

Rehabilitation act prevents discrimination based on disability. This does not also apply

5 0
3 years ago
An auto manufacturer is considering adding new automation to their assembly line to reduce production costs. The manufacturer is
QveST [7]

Answer:

Check the explanation

Explanation:

As per the beta distribution, the average revenue per year = (Pessimistic +4*Most Likely +Optimistic) / 6

Avg revenue per year = (460000 + 4*660000 + 840000) / 6 = 656666.67

MARR = 12%, life = 9 yrs

NPW = -4000000 + 656666.67 * (P/A,12%,9) + 40000 * (P/F,12%,9)

= -4000000 + 656666.67 * 5.32824 + 40000 * 0.36061

= 7498877.6+14424.4

= -433415.60

= -433000 (nearest 1000)

7 0
3 years ago
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Under the flsa, what information concerning employees' wages earned must be maintained by the employer?
Ksju [112]

Under the FLSA, information concerning employees’ wages must be maintained by employer such as having to pay during the payroll period, the proper total additions to or deductions from wages should be followed and the amount and nature of the exempt pay should be followed correctly.

4 0
3 years ago
The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.Accounts Debit CreditCash $1
zepelin [54]

Answer:

These can be prepared as shown below:

Explanation:

1. Prepare a statement of stockholder equity for the year ends December 31, 2018, assuming no common stock was issued during 2018.

To do this, the income statement is first prepared by ignoring tax as follows:

Fightin' Blue Hens Corporation

Income Statement

for the year ended December 31, 2018.

Details                                                                    $

Service Revenue                                           300,000

Salaries Expense                                         (200,000)

Rent Expense                                                  (10,000)

Depreciation Expense                                   (20,000)

Interest Expense                                           <u>   (3,000) </u>

Earnings for the year                                   <u>   67,000 </u>

Therefore, we have:

Fightin' Blue Hens Corporation

Statement of Stockholder Equity

for the year ends December 31, 2018

Details                                                                    $

Common stock                                               100,000

Retained Earnings                                           40,000

Earnings for the year                                    <u>   67,000</u>

Stockholder Equity                                      <u> 207,000 </u>

2. Prepare a classified balance sheet as of December 31, 2018.

A balance sheet is a balance sheet that have different classifications suchas fixed assets, current assets and liabilities, long-term liabilities, and stockholder equity. This can be prepared as follows:

Fightin' Blue Hens Corporation

Classified Balance Sheet

for the year ends December 31, 2018

Details                                                          $                   $

<u>Fixed Assets</u>

Equipment                                           200,000

Accumulated Depreciation              <u>   (115,000) </u>    

Net Fixed Assets                                                          85,000  

<u>Current Assets</u>

Cash                                                        10,000

Accounts Receivable                           130,000

Prepaid Rent                                            4,000

Supplies                                               <u>  20,000 </u>

Total current assets                             164,000

<u>Current Liabilities</u>

Accounts Payable                                (10,000)

Salaries Payable                                    (9,000)

Interest Payable                                   <u>  (3,000) </u>

Working capital                                                            142,000

<u>Long-term Liabilities</u>

Notes Payable (due in two years)                              <u> (20,000) </u>

Net Total Assets                                                         <u> 207,000</u>

Financed by:

Common stock                                                              100,000

Retained Earnings                                                          40,000

Earnings for the year                                                   <u>   67,000</u>

Stockholder Equity                                                      <u> 207,000 </u>

Note: When a balance sheet is accurately prepared, the net total assets and the stockholder equity must be equal as above with both equaling $207,000.

6 0
3 years ago
PB10.
Naily [24]

Question: Casey’s Kitchens’ three cost pools and overhead estimates are as follows:

Cost Pool                            Cost Driver                  Est. Overhead  

Machine Setups                     Setups                          $250000

Assembly                        Numbers of Parts                 $300000

Machine Maintenance      Machine hours                  $<u>500000</u>

                               <u>Total</u>                                             $<u>1,050,000</u>

Cost Driver            Use per Product A    Use per Product B   Total

Setups                               7000                          3000               <u>10000</u>

Numbers of Parts            25000                        35000             <u>60000</u>

Machine hours                 10000                        40000             <u>50000</u>

The Question is the Extension of previous question in the book and the only required data from the previous question for this question is Number of units produced of A and B which is 20000 units and 50000 units.

Compare the overhead allocation using:

The traditional allocation method

The activity-based costing method

(Hint: the traditional method uses machine hours as the allocation base.)

Answer:

<h2><u>TRADITIONAL ABSORPTION COSTING</u></h2><h3></h3><h2>Step 1:  Identify Absorption Basis </h2>

Here absorption basis is Machine hours.

<h2>Step 2:  Find the Overhead Absorbed by total units of Product A and B.</h2>

The formula is as under:

Overhead Absorbed=Total Overhead * Absorption Basis Share/Total Absorption Basis

For Product A:

Overhead absorbed =$1,050,000 * 10000 Machine Hrs/50000 Machine Hrs= $210,000 overhead absorbed in 20000 units of product A.

For Product B:

Overhead absorbed =$1,050,000 * 40000 Machine Hrs/50000 Machine Hrs= $840,000 overhead absorbed in 50000 units of product B.

<h2>Step 3:  Divide the Overhead Absorbed by Number of units to compute Overhead per Unit </h2>

Overhead per unit of A= Overhead absorbed by A / Total units of A

Overhead per unit of A= $210,000/ 20,000 Units= $10.5 per Unit

Overhead per unit of B= Overhead absorbed by B / Total units of B

Overhead per unit of A= $840,000/ 50,000 Units= $16.8 per Unit

<h2>Step 4: Add the per unit prime cost to Overhead cost per unit calculated in the Step 3 to calculate the total unit cost of the product. </h2>

The prime cost per unit is not given in this question but let us assume that it is $10 per unit for product A and $20 per unit for product B.

Now

For product A:

Total Unit cost of product A= Overhead cost per unit for A + Prime cost per unit for A

Total Unit cost of product A= $10.5 per unit + $10 per unit= $20.5 per unit

For product B:

Total Unit cost of product B= Overhead cost per unit for B + Prime cost per unit for B

Total Unit cost of product B= $16.8 per unit + $20 per unit= $36.8 per unit

<u></u>

<h2><u>ACTIVITY BASED COSTING</u></h2><h2>Step 1: Identify cost pools and their relevant cost drivers.</h2>

Cost Pool                            Cost Driver                  Est. Overhead  

Machine Setups                     Setups                          $250000

Assembly                        Numbers of Parts                 $300000

Machine Maintenance      Machine hours                  $500000

<h2>Step 2: Assign the cost of each activity (cost pool) on a fair basis (cost drivers) to Product A and B</h2>

Cost assigned to total products of <u>X</u> = Cost pool*(units of cost driver consumed by total # of Products A / total units of relevant cost driver consumed)

<h2><u>For Product A:</u></h2>

Machine setup cost

$250,000 * (7000 setups  for A/ 10,000 total setups)= $175,000 for 20000 units of A

Assembly Cost

$300,000 * (25,000 number of parts for A/ 60,000 total number of parts)= $125,000 for 20000 units of A

Machine Maintenance

$500,000 * (10,000 machine hrs for A/ 50,000 total machine hrs)= $100,000 for 20000 units of A

Total Overhead cost assigned to 20000 units of Product A= $175,000 + $125,000 + $100,000=$400,000

<h2><u>For Product B:</u></h2>

Machine setup cost

$250,000 * (3000 setups  for B/ 10,000 total setups)= $75,000 for 50000 units of B

Assembly Cost

$300,000 * (35,000 number of parts for B/ 60,000 total number of parts)= $175,000 for 50000 units of B

Machine Maintenance

$500,000 * (40,000 machine hrs for B/ 50,000 total machine hrs)= $400,000 for 50000 units of B

Total Overhead cost assigned to 50000 units of Product B= $75,000 + $175,000 + $400,000=$650,000

<h2>Step 3:  Divide the Answer from the step 3 by total units of product A produced to calculate unit cost</h2>

Overhead cost per unit = Total Overhead cost assigned to total units of X / Total Units of X

Overhead cost per unit For Product A= $400,000/20000 Units=$20 per unit

Overhead cost per unit For Product B= $650,000/50000 Units=$13 per unit

<h2>Step 4: Add prime cost per unit to it to calculate total unit cost of each product A and B.</h2>

The prime cost per unit is not given in this question but let us assume that it is $10 per unit for product A and $20 per unit for product B.

Now

For product A:

Total Unit cost of product A= Overhead cost per unit for A + Prime cost per unit for A

Total Unit cost of product A= $20 per unit + $10 per unit= $30 per unit

For product B:

Total Unit cost of product B= Overhead cost per unit for B + Prime cost per unit for B

Total Unit cost of product B= $13 per unit + $20 per unit= $33 per unit

8 0
3 years ago
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