Assume that you borrow $36,000 for six years at an interest rate of 3.6% per year....

Assume that you borrow $36,000 for six years at an interest rate of 3.6% per year. If the loan has monthly payments, what is the amount of principal in the first payment? Question 5 options: A) $448.69 B) $556.69 C) $462.59 D) $477.86 E) $522.86

In: Finance

Hydrogen gas, H2, reacts with nitrogen gas, N2, to form ammonia gas, NH3, according to the...

Hydrogen gas, H2, reacts with nitrogen gas, N2, to form ammonia gas, NH3, according to the equation

3H2(g)+N2(g)--> 2NH3(g)

a.) How many grams of NH3 can be produced from 3.45mol of N2 and excess H2? Express your answer numerically in grams.

b.) How many grams of H2 are needed to produce 14.79 g of NH3?

c.) How many molecules (not moles) of NH3 are produced from 5.23×10−4 g of H2?

In: Chemistry

Required information Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4]...

Required information

Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4]

[The following information applies to the questions displayed below.]

Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company provided the following estimates at the beginning of the year:

  

Molding Fabrication Total
Machine-hours 31,000 41,000 72,000
Fixed manufacturing overhead costs $ 710,000 $ 280,000 $ 990,000
Variable manufacturing overhead cost per machine-hour $ 5.50 $ 5.50

  

During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs—Job D-70 and Job C-200. It provided the following information related to those two jobs:

  

Job D-70: Molding Fabrication Total
Direct materials cost $ 371,000 $ 325,000 $ 696,000
Direct labor cost $ 230,000 $ 130,000 $ 360,000
Machine-hours 25,000 6,000 31,000

  

Job C-200: Molding Fabrication Total
Direct materials cost $ 220,000 $ 290,000 $ 510,000
Direct labor cost $ 130,000 $ 240,000 $ 370,000
Machine-hours 6,000 35,000 41,000

Delph had no underapplied or overapplied manufacturing overhead during the year.

2. Assume Delph uses departmental predetermined overhead rates based on machine-hours.

a. Compute the departmental predetermined overhead rates.

b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200.

c. If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200?

d. What is Delph’s cost of goods sold for the year?

required 2A- compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.)

required 2B- Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.)

required 2C- If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.)

required 2D- What is Delph’s cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places. Round your final answer to nearest whole dollar amount.)

In: Accounting

Suppose you have a trait in which males exhibit the trait with much greater frequency than...

Suppose you have a trait in which males exhibit the trait with much greater frequency than females. Females can pass the trait to all of their offspring even if they themselves don’t exhibit the trait while males pass the trait to only their female offspring. A) Explain what pattern of inheritance is described in this scenario. B) Give a specific example of a genetic trait that shows this pattern of inheritance. C) If you have a female offspring that exhibits a trait with this pattern of inheritance, what can you conclude about the genotypes of her parents? D) If you have a man that exhibits a trait like this, who is married to a woman whose father also exhibited a trait like this, what would be the expected phenotype ratios of their offspring? E) SHOW YOUR WORK.

In: Biology

Water has a number of unique properties that sets it apart from other substances, sometimes called...

Water has a number of unique properties that sets it apart from other substances, sometimes called the “anomalies of water.” The most commonly recognized anomalies are: The match between the range of temperatures of liquid water and the “normal” temperatures on earth. Water’s high specific heat (and therefore water’s good coolant/”temperature buffer” properties). Water’s “universal solvent” properties (ability to dissolve a wide range of different substances). The lower density of ice vs. liquid water (the fact that water “expands when freezing”). Water’s high cohesion and high surface tension (its property of “sticking together” strongly, forming droplets and making water surface resist being stretched or broken). Pick 1 of these properties and learn more about how it canbe explained from the viewpoint of attraction forces between molecules and/orother physical properties of water, as well as the significance of these properties for life on earth. You can use the textbook and any other online materials, though you may want to review the articles in the Additional Materials folder of this module/week. Based on the information you have learned, write a thread about 1 of the anomalies, referencing your sources and address the following points: How is the anomaly explained from the viewpoint of the properties of water molecules (if it is relatively clear)? What is the significance of these properties for life on earth? Or, what is the significance for the functioning of the human body? How does this property of water reflect (or play into) God’s design of earth and life?

In: Chemistry

Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one...

Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five-year period. His annual pay raises are determined by his division’s return on investment (ROI), which has exceeded 23% each of the last three years. He has computed the cost and revenue estimates for each product as follows:

  

Product A Product B
Initial investment:
Cost of equipment (zero salvage value) $ 280,000 $ 490,000
Annual revenues and costs:
Sales revenues $ 340,000 $ 440,000
Variable expenses $ 156,000 $ 206,000
Depreciation expense $ 56,000 $ 98,000
Fixed out-of-pocket operating costs $ 79,000 $ 59,000

  

The company’s discount rate is 15%.

  

Click here to view Exhibit 8B-1 and Exhibit 8B-2, to determine the appropriate discount factor using tables.

  

Required:

1. Calculate the payback period for each product. (Round your answers to 2 decimal places.)

2. Calculate the net present value for each product. (Round discount factor(s) to 3 decimal places.)

3. Calculate the internal rate of return for each product. (Round percentage answers to 1 decimal place. i.e. 0.1234 should be considered as 12.3% and round discount factor(s) to 3 decimal places.)

4. Calculate the project profitability index for each product. (Round discount factor(s) to 3 decimal places. Round your answers to 2 decimal places.)

5. Calculate the simple rate of return for each product. (Round percentage answers to 1 decimal place. i.e. 0.1234 should be considered as 12.3%.)

6a. For each measure, identify whether Product A or Product B is preferred.

6b. Based on the simple rate of return, Lou Barlow would likely:

Accept Product A
Accept Product B
Reject both products

In: Accounting

Alternative Production Procedures and Operating Leverage Assume Paper Mate is planning to introduce a new executive...

Alternative Production Procedures and Operating Leverage
Assume Paper Mate is planning to introduce a new executive pen that can be manufactured using either a capital-intensive method or a labor-intensive method. The predicted manufacturing costs for each method are as follows:

Capital Intensive Labor Intensive
Direct materials per unit $5.00 $6.00
Direct labor per unit $5.00 $12.00
Variable manufacturing overhead per unit $4.00 $2.00
Fixed manufacturing overhead per year $2,720,000.00 $860,000.00

Paper Mate's market research department has recommended an introductory unit sales price of $30. The incremental selling costs are predicted to be $500,000 per year, plus $2 per unit sold.

(a) Determine the annual break-even point in units if Paper Mate uses the:

1. Capital-intensive manufacturing method.
Answer

units

2. Labor-intensive manufacturing method.
Answer

units

(b) Determine the annual unit volume at which Paper Mate is indifferent between the two manufacturing methods.
Answer

units


2. Compute operating leverage for each alternative at a volume of 270,000 units. Round your answers two decimal places.


Capital-Intensive operating leverage Answer


Labor-Intensive operating leverage Answer


In: Accounting

Case Study Assessment of the nutritional quality of Mrs. Anderson’s diet Mrs. Anderson is 58 years...

Case Study

Assessment of the nutritional quality of Mrs. Anderson’s diet

Mrs. Anderson is 58 years old. She lives alone in her house in Orleans, Ontario. Her husband died six months ago. She worked as a manager for several big retail stores for about 20 years before retiring 1 years ago. She has two children, a 34-year-old daughter and a 32-year-old son and 3 grandchildren. They live in the Montreal and Toronto.

A few weeks ago, Mrs. Anderson fell and broke her wrist. Her attending physician referred her for a bone density assessment using bone densitometry. This test revealed that Mrs. Anderson suffers from osteoporosis. Her doctor used this visit as an opportunity to perform a complete routine examination. Laboratory results show that her blood cholesterol and blood pressure are marginally high.

Mrs. Anderson's doctor suggests that she consults a dietitian in private practice to obtain a nutritional evaluation of her diet but also to obtain specific nutritional advice related to her health problems. You are an intern (4th year) at Myriam Lavallée’s clinic. She decides to entrust you with Mrs. Anderson. Myriam has already had a first meeting with Mrs. Anderson for 60 minutes. During this first interview, she took her anthropometric measurements (height and weight) and did a dietary history to obtain an overall picture of her eating habits.

Myriam shares with you some of the information she has collected about Mrs. Anderson. The dietitian noted that some aspects of Mrs. Anderson's eating habits need to be improved. She prefers not to reveal her observations at this time as not to influence your own analysis! However, she shares with you that Mrs. Anderson's food pattern is very similar from one day to the next and that her eating habits have changed since her husband's death. Her main physical activity is limited to taking a walk with her small dog Nikko for about 15 minutes in the park near her home only when the weather is nice. During the winter, she walks to the neighbourhood shopping centre (1-2 times a week). She never smoked and she drinks alcohol only on occasions such as holidays and birthdays. It is then limited to 1-2 drinks. Mrs. Anderson feels lonely since she lives on her own. She does not really have any social activities and her children and grandchildren come to visit her about once a month in turn.

In order to analyze Mrs. Anderson's diet in more detail, you decide, first, to carry out a 24-hour recall since Mrs. Anderson's diet is not diversified. This analysis will be complementary to the dietary history already carried out by Myriam. The second meeting with Mrs. Anderson will take place next week. You are preparing well for this meeting by carefully reviewing the concepts surrounding the 24-hour recall method and by making sure you will bring different tools (food models, measuring cups, measuring spoons etc) that you need in order to help Mrs. Anderson to estimate the portion sizes of food she consumed.

Questions 1: What would be your concrete suggestions so that Mrs. Anderson can easily integrate your advice that will allow her to improve four (4) aspects of her diet/lifestyle. You must consider her health status, life cycle stage, and factors that influence her eating behaviour (psychosocial, economic, cultural context, etc.).

Q2: Include at the end of this section your thoughts on the benefits and limitations of analyzing the nutritional quality of a diet using a 24 hour recall.

In: Biology

Describe an ecosystem that you are familiar with. Include examples of abiotic and biotic factors, producers,...

Describe an ecosystem that you are familiar with. Include examples of abiotic and biotic factors, producers, consumers, and decomposers. Describe at least two ways that humans have impacted this ecosystem, or similar ecosystems. What is the effect on biodiversity?

In: Other

A sky diver of mass 53 kg can slow herself to a constant speed of 92...

A sky diver of mass 53 kg can slow herself to a constant speed of 92 km/h by orienting her body horizontally, looking straight down with arms and legs extended. In this position, she presents the maximum cross-sectional area and thus maximizes the air-drag force on her.

1) a) What is the magnitude of the drag force on the sky diver?

b) If the drag force is equal to bv2, what is the value of b?

c) At some instant she quickly flips into a "knife" position, orienting her body vertically with her arms straight down. Suppose this reduces the value of b to 50 percent of the value in Parts (a) and (b). What is her acceleration at the instant she achieves the "knife" position?

In: Physics

How do Marx's theory of history and his analysis of capitalism relate to Darwin's notion of...

How do Marx's theory of history and his analysis of capitalism relate to Darwin's notion of evolution?

In: Economics

Let x be a random variable that represents white blood cell count per cubic milliliter of...

Let x be a random variable that represents white blood cell count per cubic milliliter of whole blood. Assume that x has a distribution that is approximately normal, with mean μ = 6450 and estimated standard deviation σ = 2400. A test result of x < 3500 is an indication of leukopenia. This indicates bone marrow depression that may be the result of a viral infection.

(a) What is the probability that, on a single test, x is less than 3500?

(b) What is the probability of x < 3500?

(c) Repeat part (b) for n = 3 tests taken a week apart. (Round your answer to four decimal places.)

In: Math

Required information [The following information applies to the questions displayed below.] Iguana, Inc., manufactures bamboo picture...

Required information

[The following information applies to the questions displayed below.]

Iguana, Inc., manufactures bamboo picture frames that sell for $30 each. Each frame requires 4 linear feet of bamboo, which costs $3.00 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $11 per hour. Iguana has the following inventory policies:

  • Ending finished goods inventory should be 40 percent of next month’s sales.
  • Ending direct materials inventory should be 30 percent of next month’s production.


Expected unit sales (frames) for the upcoming months follow:

March 300
April 300
May 350
June 450
July 425
August 475


Variable manufacturing overhead is incurred at a rate of $0.30 per unit produced. Annual fixed manufacturing overhead is estimated to be $9,600 ($800 per month) for expected production of 4,000 units for the year. Selling and administrative expenses are estimated at $850 per month plus $0.60 per unit sold.


Iguana, Inc., had $12,800 cash on hand on April 1. Of its sales, 80 percent is in cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the month following the sale.


Of direct materials purchases, 80 percent is paid for during the month purchased and 20 percent is paid in the following month. Direct materials purchases for March 1 totaled $3,500. All other operating costs are paid during the month incurred. Monthly fixed manufacturing overhead includes $200 in depreciation. During April, Iguana plans to pay $3,500 for a piece of equipment.

Required:
1. Compute the budgeted cash receipts for Iguana.
2. Compute the budgeted cash payments for Iguana.
3. Prepare the cash budget for Iguana. Assume the company can borrow in increments of $1,000 to maintain a $12,000 minimum cash balance.

omplete this question by entering your answers in the tabs below.

  • Required 1
  • Required 2
  • Required 3

Compute the budgeted cash receipts for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decimal places.)

April May June 2nd Quarter Total
Budgeted Cash Receipts $0.00
  • Required 1
  • Required 2
  • Required 3

Compute the budgeted cash payments for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decimal places.)

April May June 2nd Quarter Total
Budgeted Cash Payments $0.00

Prepare the cash budget for Iguana. Assume the company can borrow in increments of $1,000 to maintain a $12,000 minimum cash balance. (Leave no cell blank enter "0" wherever required. Round your answers to 2 decimal places.)

April May June 2nd Quarter Total
Beginning Cash Balance
Plus: Budgeted Cash Receipts 0.00
Less: Budgeted Cash Payments 0.00
Preliminary Cash Balance
Cash Borrowed / Repaid
Ending Cash Balance

In: Finance

Calculate the solubulity and molar solubility of CaF2 at 25 degrees celsius in a solution of...

Calculate the solubulity and molar solubility of CaF2 at 25 degrees celsius in a solution of 0.0100 M NaF. Ksp(CaF2)= 3.9e-11

In: Chemistry

Problem 1 (a) The spot rate is $1 = 2.238 BRL (Braxilian Real). If the one...

Problem 1

(a) The spot rate is $1 = 2.238 BRL (Braxilian Real). If the one year risk-free rate in the U.S. is 2% and the one year risk-free rate in Brazil is 5%, calculate a fair price for a six month forward contract.

(b) There is a six-month futures contract available where each contract is for the purchase of 100,000 BRL using dollars. If the quote for the six month BRL/USD futures contract is .30315 calculate and show the details of how you would make arbitrage profits.

In: Finance