Problems with Prisons The Michigan Department of Corrections annual budget is 2 billion dollars‚ and the average annual cost per inmate is $32‚000. 4.5 percent of the state general fund allocated in the 2009-2010 budget proposal. Michigan’s total department active personnel contains 16‚324 people. There are 50‚693 incarcerated under MDOC jurisdiction with a total of 49 facilities that have had 2 escapes. The parole system makes up 17‚435 people. Prison overcrowding is a huge problem
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CHAPTER 3 PROBLEM 3-43 (35 MINUTES) 1. Predetermined overhead rate = budgeted overhead ÷ budgeted direct-labor cost = $2‚730‚000 ÷ $2‚100‚000 = 130% of direct labor cost 2. Additions (debits) total $7‚802‚500 [$2‚800‚000 + $2‚175‚000 + ($2‚175‚000 x 130%)]. 3. The finished-goods inventory consisted of job no. 3154‚ which cost $175‚750 [$78‚000 + $42‚500 + ($42‚500 x 130%)]. 4. Since there is no work in process at year-end‚ all amounts in the Work-in-Process account must
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Practice Problems Chapter 13 Recommended 1-3‚ 6‚ 8‚ 21‚22‚24 Discussion Questions 13-1. Risk-averse corporate managers are not unwilling to take risks‚ but will require a higher return from risky investments. There must be a premium or additional compensation for risk taking. 13-2. Risk may be defined in terms of the variability of outcomes from a given investment. The greater the variability‚ the greater the risk. Risk may be measured in terms of the coefficient of variation‚ in which we divide
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Celeste Yarbrough English 1100 12:00 ARW 6 December 2000 Problems with the Media There has been an ongoing dispute concerning the media’s perception of how people are supposed to look. It seems that every year‚ the expectations of looking thin becomes harder and harder to meet. I know this from a personal experience of my own. A few years ago‚ I would look in magazines and see girls wearing size one or size two clothes. By look at this at least once every month‚ I started to feel
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SYS702 PROBLEM SOLVING FORMALISMS FOR INFORMATION TECHNOLOGY LECTURE 1: UNDERSTANDING IT WITHIN THE CONTEXT OF SYSTEMS Systems Science Perspective IT and Problem Solving Socio-technical Systems SYS702 Jan-Apr2011 Prepare by Nor Laila Md Noor 2 LEARNING OUTCOMES • Upon completion of this topic‚ students will be able to: • Demonstrate a good understanding of the systems science perspective in contrast with the computer science perspective. • Demonstrate a good understanding
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Managerial Acctg Quiz 1 – Fall 2012 NAME_ ______________________ Chapters 1 and 2 10 Points 1. Complete the answer sheet below by placing an "X" under each heading that identifies the cost involved. The "Xs" can be placed under more than one heading for a single cost. (5 Points) Variable Cost Fixed Cost Direct Materials Direct Labor Manufactu ring Overhead Period Cost Materials costs X X Production line workers wages X X Production Equipment
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and managerial accounting‚ the first differences has to do with the primary users of the reports; in financial accounting the reports are used by external users such as stockholders‚ creditors and regulators. On the other hand managerial accounting reports are used by internal users and include officers and managers. In addition the type and the frequency of the reports differ; financial accounting have financial statements and quarterly and annually are for general purposes while managerial reports
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URBAN OPERATION RESEARCH 6.4 ROUTING PROBLEMS One of the most common problems in urban service systems is the design of routes for vehicles or people. In some instances‚ these routes must be designed so that they traverse in an exhaustive way the streets in a neighborhood or in a specific part of a city or‚ occasionally‚ in a whole city. Alternatively‚ the objective may be to visit a set of given geographical points in a city in order to provide some service there or to deliver or collect goods
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unable to promise that there is no hole that people might write something wrong. Since we cannot make sure the reliability of the content‚ even though it is indeed a nice tool to search for information‚ we should not rely on it. The credential is the problem‚ and it is also the reason why many teachers or professors do not allow their students to use Wikipedia as a reference. However‚ there is some modification we can do to use the information wisely. Although students need to keep doubts in mind when
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periods of time as opposed to one period of time when using cross-sectional data. II. What is the identification problem? What effect will this problem have on the regression estimates of a demand function? Explain. The identification problem occurs when there is an inability in the principle to identify the best estimate of values of one or more variables in regression. This problem effects regression estimates of a demand function because there is a simultaneous shifting of both the supply and
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