answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirza4 [7]
2 years ago
14

Ms. Finkel has suggested that if given sufficient resources, she could redesign the production process to reduce the percentage

of 16-ounce boxes of Go Bananas! that fail to meet the standard weight of banana-flavored marshmallows when the process is working properly. To what level must Ms. Finkel reduce the percentage of 16-ounce boxes of Go Bananas! that fail to meet the standard weight of banana-flavored marshmallows when the process is working properly in order for her to reduce the probability at least five of the sampled boxes fail to meet the standard to .01 or less
Business
1 answer:
liubo4ka [24]2 years ago
8 0

Explanation:

To find the probability that the sample which fails to meet the required weight or the standard weight of the marshmallows having banana flavor if the process of production is working, such that probability for the weekly sample leads to shutdown of the production if the process of the production is running properly of  1 % of the probability that at least five boxes out of the twenty five sample fails to meet the standard weight which is less than one percent that is  $p(x \geq 5) \leq 0.01$

We know that for p = 0.8,   $p(x \geq 5) = 0.0452$

Now using binomial simulation, we can determine that $p(x \geq 5) \leq 0.01$ for  p = 0.0452

So the production process is to be redesigned for reducing the percentage of boxes of the Go Bananas of 16 ounces which failed to meet the required weight of the marshmallows having banana flavor if the production process is working properly to 5.42 percent.

You might be interested in
In 2013, there are four open flute positions in major orchestras. A total of 525 professional flutists audition. In the same yea
natka813 [3]

Answer: Hope this helps you with your question

Explanation:

<h2><u><em>The differences of their salaries is that the bassoonists earn a higher salary than the flutists.</em></u></h2>
3 0
1 year ago
FCOJ, Inc., a prominent consumer products firm, is debating whether or not to convert its all-equity capital structure to one th
Strike441 [17]

Answer:

a. $684

b. $480.6

c. 63 shares

Explanation:

a. The calculation of cash flow under the current capital structure is given below:-

Earning per share = Net income ÷ Shares

= $26,220 ÷ 6,900

= $3.8 per share

Cash flow = Earning per share × Stock shares

=$3.8 × 180 shares

= $684

b. The calculation of cash flow be under the proposed capital structure is given below:-

Value = $59 × 6,900

= $407,100

Under the capital structure suggested the company would collect new debt in the amount of:

Debt = 0.35 × $4071,00

= $142,485

Which means the amount of the repurchased shares will be:-

Shares repurchased = $142,485 ÷ $59

= $2,415

The Company will have to make an interest payment on the new debt under the new capital structure. The net income with the interest payment will be:-

Net income = $26,220 - 0.10 × $142,485

=$11,971.5

This means that the EPS will come under the new capital structure

Earning per share = $11,971.5 ÷ 4,485 shares

= $2.67 per share

Since all profits are paid out as dividends, the shareholder receives:-

Shareholder cash flow = Earning per share × Stock shares

= $2.67 × 180 shares

= $480.6

c. The shareholder would sell 35% of their shareholdings

= Shares × Debt percentage

= 180 × 35%

= 63 shares

5 0
2 years ago
Each machine must be run by one of 19 cross-trained workers who are each available 35 hours per week. The plant has 10 type 1 ma
Mrac [35]

Answer:

The Linear programming model is given as below

Profit Function: P=90X+120Y+150Z

Constraints:

2X+2Y+Z\leq 400

3X+4Y+6Z\leq 240

4X+6Y+5Z\leq 320

\dfrac{2X+2Y+Z}{40}\leq 10

\dfrac{3X+4Y+6Z}{40}\leq 6

\dfrac{4X+6Y+5Z}{40}\leq 8

\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19

Explanation:

As the question is not complete, the complete question is found online and is attached herewith.

Let the number of product 1 to be produced is X, that of product 2 is Y and product 3 is Z

so  the maximizing function is the profit function which is given as

P=90X+120Y+150Z

Now as the number of hours in a week are 40 and there are a total of 10 type 1 machines so the total number of machine 1 hours are 40*10=400 hours

As from the given table product 1 uses 2 machine hours of machine 1, product 2 uses 2 machine hours of machine 1 and product 3 uses 1 hour of machine 1 so

2X+2Y+Z\leq 400

Now as the number of hours in a week are 40 and there are a total of 6 type 2 machines so the total number of machine 2 hours are 40*6=240 hours

As from the given table product 1 uses 3 machine hours of machine 2, product 2 uses 4 machine hours of machine 2 and product 3 uses 6 hour of machine 2 so

3X+4Y+6Z\leq 240

Now as the number of hours in a week are 40 and there are a total of 8 type 3 machines so the total number of machine 3 hours are 40*8=320 hours

As from the given table product 1 uses 4 machine hours of machine 3, product 2 uses 6 machine hours of machine 3 and product 3 uses 5 hour of machine 3 so

4X+6Y+5Z\leq 320

Now as the machine 1 is used as 2X+2Y+Z in a week and the week is of 40 hours so the number of machines to be used are given as

\dfrac{2X+2Y+Z}{40}\leq 10

Now as the machine 2 is used as 3X+4Y+6Z in a week and the week is of 40 hours so the number of machines to be used are given as

\dfrac{3X+4Y+6Z}{40}\leq 6

Now as the machine 3 is used as 4X+6Y+5Z in a week and the week is of 40 hours so the number of machines to be used are given as

\dfrac{4X+6Y+5Z}{40}\leq 8

Now the workers are available for 35 hours so the worker available at the machine 1 is given as

\dfrac{2X+2Y+Z}{35}

That of machine 2 is given as

\dfrac{3X+4Y+6Z}{35}

That of machine 3 is given as

\dfrac{4X+6Y+5Z}{35}

As the total number of workers is 19 so the constraint is given as

\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19

So the Linear programming model is given as below

Profit Function: P=90X+120Y+150Z

Constraints:

2X+2Y+Z\leq 400

3X+4Y+6Z\leq 240

4X+6Y+5Z\leq 320

\dfrac{2X+2Y+Z}{40}\leq 10

\dfrac{3X+4Y+6Z}{40}\leq 6

\dfrac{4X+6Y+5Z}{40}\leq 8

\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19

4 0
2 years ago
During 2019, Sigma Company earned service revenue amounting to $700,000, of which $630,000 was collected in cash; the balance wi
Kryger [21]

Answer:

$700,000

Explanation:

As we know that

The income statement is the statement that records the income and the expenditure for a company

The expenses should be shown on debit side while the income or revenue is shown on the credit side

Since the total service revenue earned is $700,000 and the same is to be shown in the income statement as it records all the cash and credit sales or service revenue

Therefore, the total amount i.e $700,000 is reported on the income statement

4 0
2 years ago
The following information was drawn from the accounting records of Chapin Company. On January 1, Year 1, Chapin paid $56,000 cas
mote1985 [20]

Answer: Please refer to Explanation

Explanation:

a)

The truck was bought for $56,000 and has a 5 year useful value after which it will have a salvage value of $6,000.

Depreciation can therefore be calculated as,

= ( Cost - Salvage) / Useful life

= (56,000 - 6,000) / 5

= $10,000

It will be depreciated at $10,000 per year.

Recording it will be,

DR Depreciation $10,000

CR Accumulated Depreciation (Truck) $10,000

(To record Depreciation expense to the year)

b) The Book Value is calculated as the Original Cost less the Accumulated Depreciation.

The Accumulated Depreciation so far being the first year is only $10,000.

The Book Value therefore is,

= 56,000 - 10,000

= $46,000

c) It is estimated that 5% of Credit Sales will be Uncollectible. This will go into the Uncollectible Account Balance. This is done to cater for the possibility that some people will not pay the money they owe so if they don't, it is simply taken from this account.

Sales are $320,000 and 5% are estimated Uncollectible.

This means that,

= 320,000 * 5%

= $16,000 will be recorded in the Uncollectible Account Balance

Recording it looks like,

DR Uncollectible Account Expense $16,000

CR Allowance for Doubtful Accounts $16,000

(To record Uncollectible Account Expense)

d) The Net Realizable Value of the Receivables will be Receivables less the Uncollectible Account Expense which will be removed to reflect the belief that some debtors will default.

Receivables are $68,000 and the Uncollectible Amount is $ 16,000.

Net Realizable Value = 68,000 - 16,000

Net Realizable Value = $52,000

6 0
2 years ago
Other questions:
  • All of the following are examples of an opposing signal except:
    9·2 answers
  • Tamarisk, Inc. has the following inventory data:
    15·1 answer
  • Lynch Company manufactures and sells a single product. The following costs were incurred during the company’s first year of oper
    15·1 answer
  • During a meeting, Tyrone, a branch manager for Fishers Credit Union, pointed to the corporate organization chart on the wall. Ty
    11·1 answer
  • Sheridan Company’s high and low level of activity last year was 57000 units of product produced in May and 14000 units produced
    5·1 answer
  • Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct l
    11·1 answer
  • The supply in thousands of items, for custom phone cases can be modeled by the equation p= 75+8x , while demand can be while the
    12·1 answer
  • Vintage Audio Inc. manufactures audio speakers. Each speaker requires $115 per unit of direct materials. The speaker manufacturi
    14·1 answer
  • City Foods, is a firm that is experiencing rapid growth. The firm just paid a dividend of $2.00 yesterday. They expect to see th
    11·1 answer
  • On January 1, 2007, Nichols Company’s inventory of Item X consisted of 2,000 units that cost $8 each. During 2007 the company pu
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!