What is contained in an environmental impact statement, and who must file one?
A market analyst wants to know if the new website he designed is showing increased page views per visit. A customer is randomly sent to one of two different websites, offering the same products, but with different designs. Here are the page views from five randomly selected customers from each website:
Assuming that the data come from a distribution that is Normally distributed,
c) What does it say about the null hypothesis that the mean difference is 0?
Identify two types of non-current assets that these businesses are likely to own.
Fruit Tea’s data show the following information:
Aug. Sept. Oct. Nov. Dec. Estimated sales (units) 25,00025,00027,00027,50028,000 Sales price per unit $31$31$31$31$31 Direct labor per unit $1.75$1.75$1.50$1.50$1.50 Labor rate per hour $21$21$24$24$24\begin{array}{llllll} & \text { Aug. } & \text { Sept. } & \text { Oct. } & \text { Nov. } & \text { Dec. } \\ \text { Estimated sales (units) } & 25,000 & 25,000 & 27,000 & 27,500 & 28,000\\ \text { Sales price per unit } & \$ 31 & \$ 31 & \$ 31 & \$ 31 & \$ 31 \\ \text { Direct labor per unit } & \$ 1.75 & \$ 1.75 & \$ 1.50 & \$ 1.50 & \$ 1.50 \\ \text { Labor rate per hour } & \$ 21 & \$ 21 & \$ 24 & \$ 24 & \$ 24 \end{array} Estimated sales (units) Sales price per unit Direct labor per unit Labor rate per hour Aug. 25,000$31$1.75$21 Sept. 25,000$31$1.75$21 Oct. 27,000$31$1.50$24 Nov. 27,500$31$1.50$24 Dec. 28,000$31$1.50$24
New machinery will be added in October. This machine will reduce the labor required per unit and increase the labor rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month’s requirements. Direct material requires 2.5 pounds per unit at a cost of $5 per pound. The ending inventory required for direct materials is 20% of the next month’s needs. In August, the beginning inventory is 3,750 units of finished goods and 13,125 pounds of materials. Prepare a production budget, direct materials budget, and direct labor budget for the first quarter of the year.
