Why is it difficult to forecast health care delivery in the United States?
Atleast 800 words
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On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:
|Allowance for Uncollectible Accounts||$||5,500|
|Notes Payable (6%, due April 1, 2022)||63,000|
During January 2021, the following transactions occur:
|January||2||Sold gift cards totaling $10,600. The cards are redeemable for merchandise within one year of the purchase date.|
|January||6||Purchase additional inventory on account, $160,000.|
|January||15||Firework sales for the first half of the month total $148,000. All of these sales are on account. The cost of the units sold is $80,300.|
|January||23||Receive $126,700 from customers on accounts receivable.|
|January||25||Pay $103,000 to inventory suppliers on accounts payable.|
|January||28||Write off accounts receivable as uncollectible, $6,100.|
|January||30||Firework sales for the second half of the month total of $156,000. Sales include $15,000 for cash and $141,000 on account. The cost of the units sold is $86,000.|
|January||31||Pay cash for monthly salaries, $53,300.|
5. Prepare a classified balance sheet as of January 31, 2021.
As the cost accounting manager at Cambria Chemicals (CC), you are responsible for compiling and reporting various performance measures to the senior managers. The company instituted many efficiency improvement programs recently, and the CFO has asked you to measure and report partial productivity for both labor and materials. Data for the last two years follow.
|Year 2||Year 1|
|Gallons of output (thousands)||10,800||8,800|
From the accounting records, you also gather the information for the two years.
|Year 2||Year 1|
|Cost of inputs(per gallon)||$85||$90|
|Wage rate (per hour)||$22||$19|
|Total Manufacturing overhead||$1,280,000||$1,160,000|
|Selling price of output (per gallon)||$360||$370|
a. Compute the total factor productivity measures for year 1 and year 2 based on the three inputs (material, labor, and overhead). (round your answers to 3 decimal places)
"Tale of Genji" is often considered the first novel in history. Give three traits that make this story "novel-like" and describe how similar or different these traits are to modern novels. You may want to look up the definition of a novel, or compare it to other modern books like it.
The management of Kiboko Ltd. want to establish the amount of financial needs for the next two years. The balance sheet of the firm as at 31 December 2001 is as follows:
Net fixed assets
Ordinary share capital
12% long-term debt
For the year ended 31 December 2001, sales amounted to Sh.240, 000,000. The firm projects that the sales will increase by 15% in year 2002 and 20% in year 2003.
The after tax profit on sales has been 11% but the management is pessimistic about future operating costs and intends to use an after-tax profit on sales rate of 8% per annum.
The firm intends to maintain its dividend payout ratio of 80%. Assets are expected to vary directly with sales while trade creditors and accrued expenses form the spontaneous sources of financing. Any external financing will be affected through the use of commercial paper.
(a) Determine the amount of external financial requirements for the next two years.
(b) (i) A proforma balance sheet as at 31 December 2003.
(ii) State the fundamental assumption made in your computations in (a) and b(i) above.
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company’s products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make precision welds. A total of 2,140 hours of welding time is available annually on the machine. Because each drum requires 0.4 hours of welding machine time, annual production is limited to 5,175 drums. At present, the welding machine is used exclusively to make the WVD drums. The accounting department has provided the following financial data concerning the WVD drums: WVD Drums Selling price per drum $ 177.00 Cost per drum: Direct materials $52.10 Direct labor ($25 per hour) 5.00 Manufacturing overhead 8.70 Selling and administrative expense 31.20 97.00 Margin per drum $ 80.00 Management believes 6,275 WVD drums could be sold each year if the company had sufficient manufacturing capacity. As an alternative to adding another welding machine, management has considered buying additional drums from an outside supplier. Harcor Industries, Inc., a supplier of quality products, would be able to provide up to 4,175 WVD-type drums per year at a price of $159 per drum, which TufStuff would resell to its customers at its normal selling price after appropriate relabeling. Megan Flores, TufStuff’s production manager, has suggested that the company could make better use of the welding machine by manufacturing bike frames, which would require only 0.5 hours of welding machine time per frame and yet sell for far more than the drums. Megan believes that TufStuff could sell up to 1,740 bike frames per year to bike manufacturers at a price of $274 each. The accounting department has provided the following data concerning the proposed new product: Bike Frames Selling price per frame $ 274.00 Cost per frame: Direct materials $103.60 Direct labor ($18 per hour) 40.00 Manufacturing overhead 43.00 Selling and administrative expense 53.40 240.00 Margin per frame $ 34.00 The bike frames could be produced with existing equipment and personnel. Manufacturing overhead is allocated to products on the basis of direct labor-hours. Most of the manufacturing overhead consists of fixed common costs such as rent on the factory building, but some of it is variable. The variable manufacturing overhead has been estimated at $1.35 per WVD drum and $1.90 per bike frame. The variable manufacturing overhead cost would not be incurred on drums acquired from the outside supplier. Selling and administrative expenses are allocated to products on the basis of revenues. Almost all of the selling and administrative expenses are fixed common costs, but it has been estimated that variable selling and administrative expenses amount to $.75 per WVD drum whether made or purchased and would be $2.00 per bike frame. All of the company’s employees—direct and indirect—are paid for full 40.00-hour work weeks and the company has a policy of laying off workers only in major recessions. As soon as your analysis was shown to the top management team at TufStuff, several managers got into an argument concerning how direct labor costs should be treated when making this decision. One manager argued that direct labor is always treated as a variable cost in textbooks and in practice and has always been considered a variable cost at TufStuff. After all, “direct” means you can directly trace the cost to products. “If direct labor is not a variable cost, what is?” Another manager argued just as strenuously that direct labor should be considered a fixed cost at TufStuff. No one had been laid off in over a decade, and for all practical purposes, everyone at the plant is on a monthly salary. Everyone classified as direct labor works a regular 40.00-hour workweek and overtime has not been necessary since the company adopted Lean Production techniques. Whether the welding machine is used to make drums or frames, the total payroll would be exactly the same. There is enough slack, in the form of idle time, to accommodate any increase in total direct labor time that the bike frames would require. Required:
1. Compute the contribution margin per unit. [assume direct labor is a variable cost]
2. Compute the contribution margin per welding hour. [assume direct labor is a variable cost]
3. Assuming direct labor is a variable cost:
a. Determine the number of WVD drums (if any) that should be purchased and the number of WVD drums and/or bike frames (if any) that should be manufactured. [Assume direct labor is a variable cost]
b. What is the increase (decrease) in net operating income that would result from this plan over current
Define what is meant by rationing of health care. In what age-based population is health care rationing most likely to occur? How might this be done? (Give two examples, and provide references as appropriate.) (200 words only)
The primary goal of most businesses is profit maximization. Discuss the concept of profit maximization. How can it be reconciled with corporate social responsibility? Can profit maximization promote social welfare?
sketch a graph about the relation between Number of states N(E) and Energy E .
and explain the different between the empty states and the full states
Suppose, for a random sample selected from a normally distributed population, X^- =51.70 and s= 8.8
Round your answers to 2 decimal places.
a. Construct a 95% confidence interval for μ assuming n = 16.
.... to ....
b. Construct a 90% confidence interval for μ assuming n = 16.
.... to ....
Is the width of the 90% confidence interval smaller than the width of the 95% confidence interval calculated in part a?
Yes or No?
c. Find a 95% confidence interval for μ assuming n = 25.
to Is the width of the 95% confidence interval for μ with n = 25 smaller than the width of the 95% confidence interval for μ with n = 16 calculated in part a?
Yes or No?
In: Statistics and Probability
Crane Company manufactures two products called Alpha
and Beta that sell for $135 and $95, respectively. Each product
uses only one type of raw material that costs $6 per pound. The
company has the capacity to annually produce 105,000 units of each
product. Its average cost per unit for each product at this level
of activity are given below:
Direct materials 30, 18
Direct labor 23,16
Variable manufacturing overhead 10, 8
Traceable fixed manufacturing overhead 19, 21
Variable selling expenses 15, 11
Common fixed expenses 18, 13
Total cost per unit 115, 87
The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars.
1. Assume that Cane normally produces and sells 43,000 Betas this year. What is the financial advantage or disadvantage of discontinuing the Beta product line?
2. Assume that Cane normally produces and sells 63,000 Betas and 83,000 Alphas per year. If Cane discontinues the Beta product line, its sales representatives could increase sales of Alpha by 18,000 units. What is the financial advantage or disadvantage the Beta product line?
3. Assume that Cane expects to produce and sell 83,000 Alphas during the current year. A supplier has offered to manufacture and deliver 83,000 Alphas to Cane for a price of $92 per unit. What is the financial advantage or disadvantage of buying 83,000 units from the supplier instead of making those units?
4. Assume that Cane expects to produce and sell 53,000 Alphas during the current year. A supplier has offered to manufacture and deliver 53,000 Alphas to Cane for a price of $92 per unit. What is the financial advantage or disadvantage of buying 53,000 units from the supplier instead of making those units?
There are a number of statistics computed to measure the price level, such as the GDP deflator and the CPI. The choice of which of these measures to use depends in many cases on the specific question in which you are interested. For each of the following situations, state whether the CPI or GDP deflator is a more appropriate measure to use and explain why. 1. (5 pts) The government is interested in whether increases in defense spending are affecting the price level. 2. (5 pts)An economic consulting firm is investigating the impact on the aggregate price level of more computers and electronic technology used in production.
need to Identify five (5) from signs/notices/advertisements that are posted for the public to view, which pertain to an area of HR. These signs/notices can pertain to any of the areas of HR, which we covered thus far. Take photos of each sign/notice and provide a brief note as to what area of HR the sign/notice pertains to.