Qrb_501

Qrb 501/ Week 2 Chapter One Exercise 18 Refer to the Wage data, which reports information on annual wages for a sample of 100 workers. Also included are variables relating to industry, years of education, and gender for each worker. a. Which of the 12 variables are qualitative and which are quantitative' b. Determine the level of measurement for each variable. Chapter Three Problem 3-41 Manchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April, the foundry produced 35,000 tons at a cost of £950,000. Using only these two data points, determine the cost function for Manchester Ch. 3, case C3.18 How could account analysis be combined with engineering analysis' (Amounts Expressed in thousands) 1999 1998 For the Year Ended December 31: Net Sales $8,645,561 $7,467,925 Cost of goods sold 6,745,744 5,921,651 Operating Income 595,670 494,227 Net Income $427,944 $346,399 At December 31: Assets Cash and cash equivalents $1,127,654 $1,169,810 Marketable Securities 208,717 158,657 Accounts receivable, net 646,339 558,851 Inventory 191,870 167,924 Other current assets 522,225 172,944 Property, plant, and equipment, net 745,660 530,988 Intangibles, net 52,302 65,944 Other noncurrent assets 459,921 65,262 Total assets $3,954,688 $2,890,380 Liabilities and Owners' Equity Current maturities of long-term obligations $5,490 $11,415 Accounts payable 898,436 718,071 Accrued liabilities 609,132 415,265 Accrued royalities 153,840 167,873 Other current liabilities 142,812 117,050 Long-term obligations, net of current maturities 2,998 3,360 Warranty and other liabilities 124,862 112,971 Commom stock and additional paid-in cap 660,070 367,552 Retained earnings 1,408,852 980,908 Other stockholders' equity -51,804 -4,085 Total liabilities and stckhldrs' equity $3,954,688 $2,890,380 Current Assets $2,174,580 $2,055,242 Current Liabilities $1,666,898 $1,312,624 Working Capital=Current Assets-Current Liabilities 507,682 742,618 Current Ratio=Current Assests/Current Liabilities (2,174,580/1,666,898) (2,055,242/(1,312,624) Current Ratio= 1.3 1.56 Acid-Test Ratio=Cash(Inc Temp Cash Investment)+Accounts Rec/Current Liabilities (1,127,654+208,717)+646,339/1,666,898 (1,169,810+158,657)+558,851/1,666,898 1,982,710/1,666,898 1,887,318/1,666,898 1.19 1.13 Rate on Equity=Net Income/Average Owners Equity Owners Equity=Total Liability-Total Liabilities and Owners Equity (1,666,898+142,812)=1,812,710 1,312,624+117,050=1,429,674 3,954,688-1,812,710=2,141,978 Own Eq-99 2,890,380-1,429,674=1,460,706 Own Eq-98 (2,141,978+1,460,706)/2 Average Owners Equity 3,602,684/2=1,801,342...