finance final problems
How much must they set aside?
A supermarket chain likes to know if its "buy one, get one free" campaign increases customer traffic enough to justify the cost of the program. For each of 10 stores they choose two days at random to run the test. For one of those days (selected by a coin flip), the program will be in effect. They like to test the hypothesis that there is no mean difference in traffic against the alternative that the program increases the mean traffic. Here are the results in the number of customer visits to the 10 stores:
|Store #||With Program||Without Program|
e) What is the value of the t statistic?
Azule Co. manufactures in two sequential processes, Cutting and Binding. The two departments report the information below for a recent month. Determine the ending balances in the Work in Process Inventory accounts of each department.
|Beginning work in process|
|Transferred in from Cutting dept.||$1,200|
|Direct materials||$ 845||1,926|
|Costs added during March|
|Direct materials||$8,240||$ 6,356|
|Transferred in from Cutting department||15,685|
|Transferred to finished goods||30,000|
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a$5,000 salvage value. During its second year, the machine produces 32,500 units of product. Determine the machine's second-year depreciation using the double-declining-balance method.