Tag: Accounting

Accounting

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Century National Bank Refer to the Century National Bank data. Is it reasonable that the distribution of checking account balances approximates a normal probability distribution? Determine the mean and the standard deviation for the sample of 60 customers. Compare the actual distribution with the theoretical distribution. Cite some specific examples and comment on your findings. Divide the account balances into three groups, of about 20 each, with the smallest third of the balances in the first group, the middle third in the second group, and those with the largest balances in the third group. Next, develop a table that shows the number in each of the categories of the account balances by branch. Does it ap-pear that account balances are related to the branch? Cite some examples and comment on your findings

 

 

Legal, Procurement Finance, Accounting

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1. Company overview is not necessary this time. You can leave it out.

2. List and describe the major functional areas of your company; Raw Materials, R&D, Production/Manufacturing, Distribution, Sales marketing/sales, customer service(Primary areas). Again for some of you, raw materials will be kind of short. Iphones use electronic parts, plastics, rubber etc etc. Can be sourced from many places. For production, some of you have internet companies, so you are providing a service or offering. That service has to be created by either programmers or solution experts. R&D may be doing more analysis of how to bring the components of a service offering together.

3. Don’t forget the support or secondary functional areas areas as well. HR, IT, Exec Mgmt. Legal, Procurement Finance, Accounting etc.

4. For each functional area please give a description of the major processes that occur in each keeping in mind the 4 building blocks of competitive advantage where they may apply, Superior efficiency, superior quality, superior customer service, and superior innovation. Not all 4 will apply in each category, the goal here is to use these building blocks, and key tangible/intangible resources to flush out issues relating to the primary and secondary functional areas.

Now you don’t have to list building blocks in each functional area in your paper unless it really applies. But instead use these items as tools to flush out potential issues.

 

Accounting

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An oil company has three different processes that can be used to manufacture different types of gasoline. Each process involves blending oils in the company’s catalytic cracker. Running process 1 for an hour costs $5 and requires 2 barrels of crude oil 1 and 3 barrels of crude oil 2. The output from running process 1 for an hour is 2 barrels of gas 1 and 1 barrel of gas 2. Running process 2 for an hour costs $4 and requires 1 barrel of crude 1 and 3 barrels of crude 2. The output from running process 2 for an hour is 3 barrels of gas 2. Running process 3 for an hour costs $1 and requires 2 barrels of crude 2 and 3 barrels of gas 2. The output from running process 3 for an hour is 2 barrels of gas 3. Each week, 200 barrels of crude 1, at $2/barrel, and 300 barrels of crude 2, at $3/barrel, may be purchased. All gas produced can be sold at the following per-barrel prices: gas 1, $9; gas 2, $10; gas 3, $24. Assume that only 100 hours of time on the catalytic cracker are available each week.

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