STA4806/ACT2.3/0/2013 Department of Statistics STA4806: Advanced Research Method in Statistics Activity 2.3‚ 2013 Typical Model Questions and Solutions for Assignment 3 Despatch date: 15 July 2013 Open Rubric 2 Model Questions QUESTION 1 The following question is adapted from Dugard P.‚ Todman J. and S. Harry‚ Data sets for Approaching multivariate analysis: a practical approach introduction. One hundred and ten patients diagnosed as having the eating disorder‚ bulimia‚ are recruited
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*Industry Averages-SIC #2711 (Newspaper Publishing) Common Size Balance Sheet Ratios % Assets: Cash & Equivalents 8.6 Accounts/Trade Receivables (net) 15.0 Inventory 5.7 All other current assets 2.0 Total current assets 31.2 Fixed Assets (net) 33.6 Intangibles (net) 23.0 All other non-current assets 12.1 Total Assets 100.0 Liabilities: Notes Payable-Short-term 2.6 Current Maturities of long-term
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Absorption Costing Absorption costing is a method of costing that assigns a small percentage of production and overheads costs to the price of each product that is going to be sold. It accounts for all costs‚ direct and indirect‚ fixed and variable. For example; if 1000 products are made and the total costs are £10000 then each product would cost £10 before making a profit (10000/1000=10). Variable costs are costs that can be controlled by management or a sales worker. Whereas fixed costs are
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Procedure: Using phenolphthalein indicator 1 Fill the burette with 0.1 M NaOH. 2 Add approximately 100 mL of distilled water to a 250 mL conical fl ask. 3 Add 3 or 4 drops of phenolphthalein indicator to the fl ask and mix well. 4 Add 0.1 M NaOH from the burette to the fl ask until the solution turns a pale pink colour that persists for at least 30 seconds. This usually takes only a few drops‚ and there is no need to record this volume. 5 Pipette 10.0 mL of the degassed wine or juice into the
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ending inventory is deducted from the goods available for sale to calculate the cost of the goods sold expense. As the cost of goods sold expense is understated‚ the net income for that period will be overstated. Name of the two accounts on the year ending balance sheet‚ which will be affected by the inventory error. Accounts to be affected: Retained Earnings: Overstated as net income is overstated. Ending Inventory: Over Stated Write the letter of the method that is most applicable to
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Absorption costing: * It is costing system which treats all manufacturing costs including both the fixed and variable costs as product costs * In absorption costing‚ all costs are absorbed into production and thus operating statements do not distinguish between fixed and variable costs. * Absorption costing is a process of tracing the variable costs of production and the fixed costs of production to the product. Absorption costing is used to cost products and to report financial
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Kinds of Sentences According to Structure A sentence may consist of one clause (independent clause) or more clauses (independent and dependent clauses). An independent clause is also called main clause. A dependent clause is also called subordinate clause. On the basis of numbers of clause and types of clauses present in a sentence‚ sentences are divided in to four kinds. Simple Sentence A simple sentence consists of only one independent clause containing a subject and a verb and it expresses
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Fuzzy TOPSIS method This is an approach based on the TOPSIS technique (Technique for Order Preference by Similarity to Ideal Solution) and the fuzzy set theory. The TOPSIS method is based on the concept that the optimum option has the least distance from the positive ideal solution. It is a linear weighting technique‚ which was first proposed‚ in its crisp version by Chen and Hwang(1992)‚ with reference to Hwang and Yoon(1981). Since then‚ this method has been widely adopted to solve MCDM problems
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Absorption Costing vs. Variable (Direct) Costing Absorption cost systems are widely used to prepare financial accounts. These systems are designed to absorb all production costs (variable or fixed) into costs of units produced. Absorption costs techniques allow manufacturing costs to be traced and allocated into product costs. There are different types of absorption costing systems: job order costing‚ process costing‚ and ABC costing. In job order costing‚ costs are assigned to products in batches
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Kaizen Costing What is Kaizen costing? Kaizen is a Japanese term that means continuous improvement. Kaizen events can be defined as making improvements through a process that emphasize small incremental amounts rather than large or radical improvement. Therefore in order to achieve this kaizen costing not include only continuous cost reduction but also continuous improvement of performance by increase the efficiency throughout the process. Why we need Kaizen costing? Market prices of a product
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