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Elite Service Company is a very profitable small business. It has not, however, given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and bookkeeper. As a result, Steve Evans handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations.

The balance per the bank statement on March 31, 2014, was $5,931.51. Outstanding checks were: No. 206 for$358.53, No. 441 for $292, No. 590 for$283.00, No. 781 for $286.00, No. 782 for$319.47, and No. 783 for $303.14. Included with the statement was a credit memorandum of$175 indicating the collection of a note receivable for Elite Service Company by the bank on March 21. This memorandum has not been recorded by Elite Service.

The company’s ledger showed one cash account with a balance of $6,889.53. The balance included undeposited cash on hand. Because of the lack of internal controls, Steve took for personal use all of the undeposited receipts in excess of$1,591.63. He then prepared the following bank reconciliation in an effort to conceal his theft of cash.

Cash balance per books, March 31$6,889.53Add: Outstanding checksNo. 781$286.00No. 782319.47No. 783303.14808.617,698.14Less: Undeposited receipts1,591.63Unadjusted balance per bank, March 316,106.51Less: Bank credit memorandum175.00Cash balance per bank statement, March 31$5,931.51 \begin{array}{lrr} \text{Cash balance per books, March 31}&&\text{\$\hspace{1pt}6,889.53}\\ \text{Add: Outstanding checks}\\ \qquad\text{No. 781}&\text{\$\hspace{1pt}286.00}\\ \qquad\text{No. 782}&\text{319.47}\\ \qquad\text{No. 783}&\underline{\text{\hspace{5pt}303.14}}&\underline{\text{\hspace{16pt}808.61}}\\ &&\text{7,698.14}\\ \text{Less: Undeposited receipts}&&\underline{\text{\hspace{8pt}1,591.63}}\\ \text{Unadjusted balance per bank, March 31}&&\text{6,106.51}\\ \text{Less: Bank credit memorandum}&&\underline{\text{\hspace{16pt}175.00}}\\ \text{Cash balance per bank statement, March 31}&&\underline{\underline{\text{\$\hspace{1pt}5,931.51 }}}\\ \end{array}

Instructions

(b) Indicate the three ways that Steve attempted to conceal the theft and the dollar amount involved in each method.

Question

After a great deal of experimentation, two Atlantic Institute of Technology senior physics majors determined that when a bottle of French champagne is shaken several times, held upright, and uncorked, its cork travels according to

s(t)=16t2+40t+3,s(t)=-16 t^2+40 t+3,

where s is its height (in feet) above the ground t seconds after being released. (a) How high will it go? (b) How long is it in the air?

Solution

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Given:

s(t)=16t2+40t+3t0\begin{align*} s(t)&=-16t^2+40t+3 \\t&\geq 0 \end{align*}

(a) Critical numbers\textbf{Critical numbers}

Determine the derivative of the given function using ddxxn=nxn1\frac{d}{dx}x^n=nx^{n-1}:

s(t)=16(2t)+40=32t+40\begin{align*} s'(t)&=-16(2t)+40=-32t+40 \end{align*}

Determine the roots of the derivative:

s(t)=032t+40=0Substitute32t=40Subtract 40 from each sidet=4032Divide each side by 32t=54=1.25Evaluate\begin{align*} s'(t)&=0 \\ -32t+40&=0 &\color{#4257b2}\text{Substitute} \\ -32t&=-40 &\color{#4257b2}\text{Subtract 40 from each side} \\ t&=\frac{40}{32} &\color{#4257b2}\text{Divide each side by $-32$} \\ t&=\frac{5}{4}=1.25 &\color{#4257b2}\text{Evaluate} \end{align*}

Next, the critical numbers are all values in the domain of the function for which the derivative is 0 or the derivative doesn't exist.

Critical numbers: t=54=1.25\begin{align*} \text{Critical numbers: }t=\frac{5}{4}=1.25 \end{align*}

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