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1. SAT or ACT? Each year thousands of high school stu- dents take either the SAT or ACT, standardized tests used in the college admissions process. Combined SAT scores can go as high as 1600, while the maximum ACT composite score is 36. Since the two exams use very different scales, comparisons of performance are difficult. (A con- venient rule of thumb is SAT = 40 * ACT + 150; that is, multiply an ACT score by 40 and add 150 points to estimate the equivalent SAT score.) Assume that one year the combined SAT can be modeled by N11000, 2002 and the ACT can be modeled by N127, 32. If an applicant to a uni- versity has taken the SAT and scored 1260 and another stu- dent has taken the ACT and scored 33, compare these students scores using z-values. Which one has a higher rel- ative score? Explain.
2. Economics. Anna, a business major, took final exams in both Microeconomics and Macroeconomics and scored 83 on both. Her roommate Megan, also taking both courses, scored 77 on the Micro exam and 95 on the Macro exam. Overall, student scores on the Micro exam had a mean of 81 and a standard deviation of 5, and the Macro scores hada mean of 74 and a standard deviation of 15. Which stu- dent's overall performance was better? Explain.
Winter Wear is considering a 5-year project with an initial cost of $211,000. The project will produce cash inflows of $56,500 a year over the life of the project. What is the net present value (NPV), if the required rate of return is 15.8 percent..
Discuss how automated accounting software can help management make better informed business decisions.
computer parts inc. a manufacturer of computer chips employs activity-based costing. the following budgeted data for
What dilemma does the sales representative face - who are the potential stakeholders and how might they be affected by the decision of the sales representative?
Truck #3 has a list price of $16,000. It is acquired in exchange for a computer system that Shabbona carries in inventory. The computer system cost $12,000 and is normally sold by Shabbona for $15,200. Shabbona uses a perpetual inventory system.
Discuss the effects that a drop in value of the U.S. dollar in relation to other currencies on the foreign exchange markets has on:
Corporate governance is the process that owners and other major players surrounding an organization are held accountable to for the company's requirements and resources.
Harman Construction Company began operations January 1, 2014. During the year, Harman Construction entered into a contract with Kardon Corp. to construct a retail showcase facility.
a. Compute the overhead rate for each cost driver. b. An order for 50 ceramic teapots had the following requirements: Number of purchase orders 3 Number of set-ups 20 Number of product tests 7 Machine hours 150 How much overhead would be assigned to ..
the federation of student societies wants to offer a one-day training course to help students in job hunting and to
Explain how fund accounting principles for nonprofit organizations affect routine revenue type journal entries.
Selling Price Variable Cost Unit
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