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RSB [31]
2 years ago
12

Machines at a bottling plant are set to fill bottles to 12 ounces. The quality control officer at the plant periodically tests t

he machines to be sure that the bottles are filled to an appropriate amount. The null hypothesis of the test is that the mean is at least 12 ounces. The alternative hypothesis is that the mean is less than 12 ounces. What are the possible types of errors that could be made from this test?

Business
1 answer:
never [62]2 years ago
0 0

Answer:

Answer for the question:

Machines at a bottling plant are set to fill bottles to 12 ounces. The quality control officer at the plant periodically tests the machines to be sure that the bottles are filled to an appropriate amount. The null hypothesis of the test is that the mean is at least 12 ounces. The alternative hypothesis is that the mean is less than 12 ounces. What are the possible types of errors that could be made from this test?

Is given in the attachment.

Explanation:

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Last year Rennie Industries had sales of $270,000, assets of $175,000 (which equals total invested capital), a profit margin of
ch4aika [34]

Answer:

4.04%

Explanation:

Step 1: Calculation of last year return on equity (ROE)

Last year profit = $270,000 × 5.3% = $14,310.00

Asset/Equity = Equity multiplier

Therefore, we have:

$175,000/Last year equity = 1.2

Last year equity = $175,000/1.2 = $145,833.33

Last year ROE = last year profit/Last year equity = $14,310.00/$145,833.33 = 0.0981 or 9.81%

Step 2: Calculation of ROE when asset is reduced by $51,000

Since profit will not change,  

Profit after asset reduction = Last year profit = $14,310.00

New asset value = $175,000 - $51,000 = $124,000

Therefore, we have:

Equity after asset reduction = $124,000/1.2 = $103,333.33

ROE after asset reduction = $14,310.00/$103,333.33 = 0.1385 or 13.85%

Step 3: Calculation of amount of change in ROE

Change in ROE = ROE after asset reduction - Last year ROE = 13.85% - 9.81% = 4.04%

Conclusion

From the calculations above, ROE would change by 4.04% is the reduced by $51,000 based on the other conditions stated.

8 0
2 years ago
You have been elected to the governing board of your church. At the first meeting you attend, mention is made of building a new
tigry1 [53]

Answer:

1. Cash in hand and at bank balance

2. Is there land and buildings available

3. Are there any accumulated debt owed by the church

4. Collections or record of church document.

Explanation:

1. Cash in hand and at bank balance. This an example of a current asset. The first question is how much does the church have as cash and bank balance. The reason is to ascertain whether the fund will be sufficient for the new building project.

2. Land and Buildings availability. This is a fixed asset. The board would enquire whether there is an already existing building or land with which to begin the building project.

3. Debt or loan owed by the church. Loan forms part of liability in a balance sheet. Another question to be asked is whether the church is indebted to a bank or financial institution. This will determine whether or not to continue with the building project.

4. Record of church document. Does the church have any existing document with which to support the new building? This is pertinent as to begin or abandon the plan to build a new church.

3 0
2 years ago
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the c
puteri [66]

Answer:The product margin for product M5 is $7,385

Explanation:

To calculate the product margin for product M5,

Processing 3,870 ÷ 9,000

= 0.43 per MH

Supervising 25,000 ÷ 1,000

= $25 per batch

To calculate the overhead cost for product M5

Processing 0.43 per MH × 500

= $215

Supervising $25 per batch × 500 batches

= $12,500

Total = $12,500 + $215

= $12,715

To calculate the product margin for product M5 under activity based costing

$

Sales. 95,400

Less:

Direct materials 32,500

Direct Labour 42,800

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

Prime Cost. 75,300

Add: Overhead 12,715

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

Total Cost of production. 88,015

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

Product Margin. 7,385

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

4 0
2 years ago
Describe the different types of instructional characteristics that this program should have for learning and transfer to occur a
Misha Larkins [42]

Answer:

Answer explained below

Explanation:

Safety is very important aspect in factory to avoid injuries and accidents. The injuries and accidents depends on type of factory and safety measures taken. So all employees should have knowledge of safety in the work. There are different job profiles for different levels of the peoples in the organization. So safety instructional material will be different for different levels of employees in the organization.

The account and office employees are out of production process so they should know basic instructions such as fire safety.

The employees who are working on particular machines they should having separate instructions about handling of machines and safety measures.

The Peons and watch mans   should required different safety instructions to avoid injuries and accident.

There are various cadres of managers like Production Manager, Finance Manager, HR Manager, Marketing Manager. More accidents generally happens in production area, So production Manager has required more instructional material.

8 0
2 years ago
Larry Nelson holds 1,000 shares of General Electric common stock. The annual shareholders meeting is being held soon, but as a m
Lisa [10]

Answer:

Larry must have signed a <u>PROXY AGREEMENT</u> that gives the management group control over his shares.

A proxy agreement is generally used for stockholders voting procedures, they basically grant another person the right to vote on behalf of another stockholder.

Larry's current investment in the company is <u>$86,000</u>.

= 2,000 stocks x $43 = $86,000

If the company issues new shares and Larry makes no additional purchase, Larry's investment will be worth <u>$82,560</u>.

company's new market value = (20,000 x $43) + (5,000 x $34.40) = $1,032,000

new stock price = $1,032,000 / 25,000 stocks = $41.28

= $41.28 x 2,000 = $82,560

This scenario is an example of <u>STOCK DILUTION</u>.

The stock price will lower because the increase in the company's value is less than proportional to the increase in the number of stocks.

Larry could be protected if the firm's corporate charter includes a <u>PREEMPTIVE</u> provision.

Preemptive rights give current stockholders the right to purchase more stocks (in case the company issues more stocks) before any outside investors.

If Larry exercises the provisions in the corporate charter to protect his stake, his investment value in the firm will become <u>$103,200</u>.

= [(5,000 / 10) x $34.40] + $86,000 = $17,200 + $86,000 = $103,200

5 0
2 years ago
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