Now, we want to see if we can design a process that operates…

Now, we want to see if we can design a process that operates with 5 employees instead of 7 (since there are 7 activities, some of the employees will perform more than 1 activity). We want to assign the activities in such a way that if an employee is in charge of more than one activity, these activities are adjacent (e.g., an employee can be assigned activities 1 and 2 but not 1 and 3). Moreover, realizing there might be setup costs involved with switching from one activity to another, we want to assign at most two activities to each employee.

Customer Support at Virtual Coach Virtual Coach is an on-lin…

Customer Support at Virtual Coach Virtual Coach is an on-line personal training service that allows athletes to upload their training data (heart-rate, watts, perceived exertion, speed, etc.) and then provides personalized training plans. To support the service, they operate a small call center that receives an average of 50 calls per hour. Of these 50 calls, 45 are STANDARD and 5 are NEW USER. STANDARD calls have to do with mainly login issues or minor technical questions and take 2 minutes to answer. NEW USER calls require an agent to walk the person through the use of the software, and they take 23 minutes to answer. The coefficient of variation of call inter-arrival time is equal to 1 for both the STANDARD and the NEW USER calls. Also, there is little variation among both STANDARD calls and among NEW USER calls: the st. deviation of the time required for an agent to speak with a STANDARD or a NEW USER caller is effectively 0. Virtual Coach estimates that it costs about $0.75 for every minute that a STANDARD caller has to wait. On the other hand, because a NEW USER may be more likely to quit using the service if they have to wait, they estimate that it costs about $1.5 for every minute that a NEW USER has to wait. Currently, Virtual Coach has two employees dedicated to serving calls from STANDARD callers and 3 employees dedicated to answering calls from NEW USERS.  Each type of call has its own queue.

Part 3: Free Response – Stockholder’s Equity (15 Points) On…

Part 3: Free Response – Stockholder’s Equity (15 Points) On January 1, Boston Corporation had the following stockholder’s equity accounts. Years ago, the common stock was originally issued for $15 per share. Common stock; 70,000 shares at $3.00 par $ 210,000 Additional paid-in capital – Common stock 840,000 Retained earnings 570,000 Treasury stock; 6,100 shares at cost 140,300 During the current year, the Company had the following transactions related to its common stock: January 7: 2,100 shares of treasury stock were reissued at $29 per share. March 2: 30% stock dividend declared and distributed on outstanding shares when the market price per share was $31. April 28: The remaining 4,000 shares of treasury stock were retired. August 2: 2-for-1 stock split declared and distributed. September 15: Purchased 1,300 shares of treasury stock at $16 per share. Assume the Company reported no net income during the current year. Important Note regarding Grading: If you would like the opportunity to receive partial credit at the instructor’s discretion (strongly recommended), please email me at cindy.dosch@warrington.ufl.edu a picture or a scan of your work within 15 minutes of submitting your exam. Be sure to clearly label your work. The work must agree to the final answer originally submitted within Canvas to be eligible for partial credit. Required: (15 Points) Record your final answers to the requested items in the table immediately below. If required, round final answers to the nearest whole dollar.   Item as of December 31, 2023 Your Answer (a) Common Stock account balance $ (b) Additional Paid-In Capital – Common Stock account balance $ (c) Retained Earnings account balance $ (d) Treasury Stock account balance $ (e) Number of shares outstanding shares

(b) (1 Point) Considering the previous information, compare…

(b) (1 Point) Considering the previous information, compare interest expense reported in 2025 under the straight-line method to the amount that would have been reported in 2025 under the effective-interest method. Fill in the blank below with: ‘greater than’, ‘less than’, or ‘same as’. Interest expense reported in 2025 under the straight-line method is the amount that would have been reported if the effective-interest method had been used.

January 1, 2026: Account Debit Credit [account1] [debit…

January 1, 2026: Account Debit Credit Note: Disregard the fact that this journal entry is labeled as having “0 points” – this journal entry does have points associated and you should answer this question.  All journal entries will be graded together for a combined total of 19 points.