Qrb 501
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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...
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...