Assume a library that spends $25,000 to move most of its books from one part of the library to another. Is this a value-added cost?

In books and movies, jealous lovers are most often presented in a negative light. Do you think jealousy is ever a positive emotion?

A publishing company publishes a total of no more than $100$ books every year. At least $20$ of these are nonfiction, but the company always publishes at least as much fiction as nonfiction. Find a system of inequalities that describes the possible numbers of fiction and nonfiction books that the company can produce each year consistent with these policies. Graph the solution set.

From the information in BE5-3, prepare the journal entries to record these transactions on Bernadina Company’s books under a perpetual inventory system.

Name the sampling method used in the following situations:

The librarian at a public library wants to determine what proportion of the library users are children. The librarian has a tally sheet on which she marks whether books are checked out by an adult or a child. She records this data for every fourth patron who checks out books.

Write in the blank the expression shown in parentheses that correctly completes the sentence.
The library sells used books for _____ each. ($1.00, one dollar)

Lifetime Distribution markets classic children’s books. At the beginning of June, Lifetime had in beginning inventory 1,200 books with a unit cost of $3. During June, Lifetime made the following purchases of books.

    June 3    4,000 @$3        June 29 4,000 @ $6
    June 18   7,500 @$5

During June, 10,500 books were sold. Lifetime uses a periodic inventory system.

Instructions

(a) Determine the cost of goods available for sale.

(b) Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Note: For average-cost, round cost per unit to three decimal places.)

Big Red Bookstore wants to ship books from its warehouses in Brooklyn and Queens to its stores, one on Long Island and one in Manhattan. Its warehouse in Brooklyn has 1,000 books and its warehouse in Queens has 2,000. Each store orders 1,500 books. It costs $1 to ship each book from Brooklyn to Manhattan and$2 to ship each book from Queens to Manhattan. It costs $5 to ship each book from Brooklyn to Long Island and$4 to ship each book from Queens to Long Island. a. If Big Red has a transportation budget of $9,000 and is willing to spend all of it, how many books should Big Red ship from each warehouse to each store in order to fill all the orders? b. Is there a way of doing this for less money?

How much change will Stacy get if she buys two CDs and two books and gives the clerk two $\$ 20$ bills?

Circle each subject and underline each verb in the following sentences.

This month's school newspaper includes a list of new books in the library.

A publishing company publishes a total of no more than 100 books every year. At least 20 of these are nonfiction, but the company always publishes at least as much fiction as nonfiction. Find a system of inequalities that describes the possible numbers of fiction and nonfiction books that the company can produce each year consistent with these policies. Graph the solution set.

A university library ordinarily has a complete shelf inventory done once every year. Because of new shelving rules instituted the previous year, the head librarian believes it may be possible to save money by postponing the inventory. The librarian decides to select at random 1000 books from the library’s collection and have them searched in a preliminary manner. If evidence indicates strongly that the true proportion of misshelved or unlocatable books is less than .02, then the inventory will be postponed. a. Among the 1000 books searched, 15 were misshelved or unlocatable. Test the relevant hypotheses and advise the librarian what to do (use $\alpha=.05$). b. If the true proportion of misshelved and lost books is actually .01, what is the probability that the inventory will be (unnecessarily) taken? c. If the true proportion is .05, what is the probability that the inventory will be postponed?

Suppose Muddyriver.com sells 2,000 books on account for $19 each (cost of these books is$22,800), credit terms 1/20, n/45 on October 10, 2016, to The Salem Store. One hundred of these books (cost $1,140) were damaged in shipment, so Muddyriver.com later received the damaged goods from The Salem Store as sales returns on October 13, 2016. The Salem Store paid the balance to Muddyriver.com on October 22, 2016.

Requirements

1. Journalize The Salem Store's October 2016 transactions.
2. Journalize Muddyriver.com's October 2016 transactions.

Sarah loves to order paperback mystery books. Some of her recent orders are shown in the table below. $$ \begin{matrix} \text{# of Books} & \text{1} & \text{3} & \text{1} & \text{4} & \text{2} & \text{5}\\ \text{Total Cost} & \text{10.25} & \text{18.00} & \text{10.25} & \text{21.75} & \text{14.00} & \text{26.25}\\ \end{matrix} $$ a. Draw a scatterplot with this information. b. Fully describe the association. c. Determine the equation of the line of best fit. d. Based on the equation, estimate the total cost of an order of 10 books.