Assume Corbins ,Inc purchased an automated machine 5 years ago that had an estimated economic life of 10 years. The Automated Machines originally cost $300,000 and has been fully depreciated, leaving a current book value of $0. The actual market value of this drill press is $80,000. The company is considering replacing the automated machine with a new one costing $380,000. Shipping and installation charges will add an additional $10,000 to the cost. Corbins., Inc also has paid a sunk cost $25,000. The new machine would be depreciated to zero on a straight-line basis. The new machine is expected to have a 5-year economic life, and its actual salvage value at the end of the 5-year period is estimated to be $50,000. Corbin’s current marginal tax rate is 40 percent. Corbins., Inc expects annual revenues during the project’s first year to increase from $140,000 to $170,000 if the new drill press is purchased. After the first year, revenues from the new project are expected to increase a rate of $4,000 a year for the remainder of the project life. Assume further that while the old automated machine required two operators, the new drill press is more automated and needs only one, thereby reducing annual operating costs from $80,000 to $40,000 during the project’s first year. After the first year, annual operating costs of the new drill press are expected to increase by $2,000 a year over the remaining life of the project. The old automated machine is fully depreciated, whereas the new machine will be depreciated on the straight-line basis. The marginal Tax rate of 40 percent applies. Assume also that the company’s net working capital does change as a result of replacing the automated machine will increase by $10,000 per year over the life of the project. Should Corbins, Inc. accepts the project? Justify your answer based on your computation for NPV (using 10 percent-required return) and IRR.

I need to update this java program to take input about each employee from a file and write their information and salary/pay information to a file. use input file

payroll.txt

Kevin

Yang

60

20

Trey

Adams

30

15

Rick

Johnson

45

10

Cynthia

Wheeler

55

11.50

Sarah

Davis

24

10

Muhammad

Rabish

66

12

Dale

Allen

11

18

Andrew

Jimenez

80

15

import java.util.Scanner;
public class SalaryCalcLoop
{
double Rpay = 0, Opay = 0;
void calPay(double hours, double rate) {
if (hours <= 40)
{
Rpay = hours * rate;
Opay = 0;
}
else
{
double Rhr, Ohr;
Rhr = 40;
Ohr = hours - Rhr;
Rpay = Rhr * rate;
Opay = Ohr * (1.5 * rate);
}
}
public static void main(String[] args) {
Scanner sc = new Scanner(System.in);
String name;
int shift = 0;
Double rate, hours;
System.out.println("Pay Calculator");
String ch = "";
do
{
System.out.println("Enter Your Name");
name = sc.next();
System.out.println("Enter Your Shift, Enter 0 for Day, Enterv1 for Night");
System.out.println("0=Day, 1= Night");
shift=sc.nextInt();
System.out.println("Enter Number of Hours Worked");
hours = sc.nextDouble();
System.out.println("Enter Hourly Pay");
rate = sc.nextDouble();
SalaryCalc c = new SalaryCalc();
c.calPay(hours, rate);
Double Tpay = c.Rpay + c.Opay;
System.out.println();
System.out.println("Calculate Pay");
System.out.println("Employee Name: " + name);
System.out.println("Employee Regular Pay: " + c.Rpay);
System.out.println("Employee Overtime Pay: " + c.Opay);
System.out.println("Employee Total Pay: " + Tpay);
if (shift == 0)
{
System.out.println("Employee PayPeriod is Friday");
}
else
{
System.out.println("Employee PayPeriod is Saturday");
}
System.out.println("Press Y to continue. Press any other key to exit ");
ch=sc.next();
}
while(ch.equalsIgnoreCase("y"));
}
}

Saturday"); } System.out.println("Press Y to continue. Press any other key to exit "); ch=sc.next(); } while(ch.equalsIgnoreCase("y")); } }

I need to update this java program to take input about each employee from a file and write their information and salary/pay information to a file. use input file

payroll.txt

import java.util.Scanner;
public class SalaryCalcLoop
{
double Rpay = 0, Opay = 0;
void calPay(double hours, double rate) {
if (hours <= 40)
{
Rpay = hours * rate;
Opay = 0;
}
else
{
double Rhr, Ohr;
Rhr = 40;
Ohr = hours - Rhr;
Rpay = Rhr * rate;
Opay = Ohr * (1.5 * rate);
}
}
public static void main(String[] args) {
Scanner sc = new Scanner(System.in);
String name;
int shift = 0;
Double rate, hours;
System.out.println("Pay Calculator");
String ch = "";
do
{
System.out.println("Enter Your Name");
name = sc.next();
System.out.println("Enter Your Shift, Enter 0 for Day, Enterv1 for Night");
System.out.println("0=Day, 1= Night");
shift=sc.nextInt();
System.out.println("Enter Number of Hours Worked");
hours = sc.nextDouble();
System.out.println("Enter Hourly Pay");
rate = sc.nextDouble();
SalaryCalc c = new SalaryCalc();
c.calPay(hours, rate);
Double Tpay = c.Rpay + c.Opay;
System.out.println();
System.out.println("Calculate Pay");
System.out.println("Employee Name: " + name);
System.out.println("Employee Regular Pay: " + c.Rpay);
System.out.println("Employee Overtime Pay: " + c.Opay);
System.out.println("Employee Total Pay: " + Tpay);
if (shift == 0)
{
System.out.println("Employee PayPeriod is Friday");
}
else
{
System.out.println("Employee PayPeriod is Saturday");
}
System.out.println("Press Y to continue. Press any other key to exit ");
ch=sc.next();
}
while(ch.equalsIgnoreCase("y"));
}
}

Saturday"); } System.out.println("Press Y to continue. Press any other key to exit "); ch=sc.next(); } while(ch.equalsIgnoreCase("y")); } }

Payroll.txt

Kevin

Yang

60

20

Trey

Adams

30

15

Rick

Johnson

45

10

Cynthia

Wheeler

55

11.50

Sarah

Davis

24

10

Muhammad

Rabish

66

12

Dale

Allen

11

18

Andrew

Jimenez

80

15

In 2016, the US ran a $347 billion trade deficit in good with China and $65 billion trade deficit with Germany. Meanwhile, the gross national savings to GDP ratio was 46% in China, 28% in Germany, and 18% in the US in 2016. (the average were 42%, 24%, and 19%, respectively during 1980-2016.) President Trump frequently accused both countries of currency manipulation, which, he argued, caused the US trade deficit. a.) In light of this information and based on your understanding of the national income accounting and determinants of current account balances, explain what are the implicit explanations for the US trade deficit with China and Germany here? b.) To improve the US current account balance with China and Germany what would you reccomend?

In 2015 Qualcomm, Inc., an American multinational semiconductor company, came under scrutiny for its business practices by the United States and the European Union. It was argued that Qualcomm was paying a major customer to exclusively use its chips. In addition, Qualcomm was accused of selling its chips below cost in order to drive one of its competitors, Icera Inc., out of the market. Based on what you have learned in this chapter, which of the following behaviors is Qualcomm engaging in, and if proven to have occurred, could be at odds with U.S. antitrust law? Instructions: select all statements that are true

Qualcomm was engaged in limit pricing

Qualcomm was foreclosing the chip market.

Qualcomm was engaged in predatory pricing.

Qualcomm was utilizing a first-mover advantage.

A 2-year-old boy fell from a backyard gym set. His shoulder and upper arm became very swollen shortly after the fall. The boy’s mother took him to the emergency department a few hours after th incident because he was complaining of pain. On physical examination, the physician noted that large hematoma had formed in the upper part of the boy’s right arm. There was no history of surgery (he had not been circumcised), injury, or illness.

The boy was receiving no medication. Emergency department treatment consisted of aspirating the hematoma Subsequent to this treatment, the boy began to bleed extensively. He was admitted to the hospital. The following laboratory tests were ordered: a hemoglobin and hematocrit, platelet count, and bleeding time. Because the bleeding continued, a type and crossmatch for two units of fresh blood were ordered on a standby basis. Additional information from the mother revealed that the boy’s cousin had “bleeding problem.”
Laboratory Data
Hemoglobin 8.0 g/L
Hematocrit 26%
Platelet count 200 × 109/L (normal, 150 to 450 × 109/L)
Bleeding time 5 minutes (normal, 3 to 8 minutes)
Subsequent coagulation profile tests were ordered before the transfusion of two units of fresh whole blood.
The results of these tests were as follows:
PT 12 seconds (normal, 11 to 15 seconds)
aPTT 60 seconds (normal, 28 to 35 seconds)
Thrombin time–reptilase method 20 seconds (normal, 18 to 22 seconds)


Questions
1. Do the laboratory data support a diagnosis of a disorder of hemostasis? Which disorder if applicable is to be suspected above
2. What types of disorders can be preliminarily identified by the tests that were performed?
3. What is Mixing test, and how relevant will it be in this patient’s diagnosis?
4. What confirmatory tests must be done in this case?
5. How could the presence of a Lupus anticoagulant affect the patients results if present?
6. What is a lupus anticoagulant?

Summative Case Study: SRS Educational Supply Company

Part 1 – Job Order Costing / Process Costing
SRS Educational Supply Company provides educational materials and supplies to educational institutions. The company provides educational supply needs that includes workbooks, classroom visual aids, instructor support materials, art supplies, lab supplies, and administrative office supplies. Since SRS Educational Supply Company consistently produces the same service to its customers, the company uses job order costing. The company’s processing units are assigned costs. For example, the company will determine all of the costs associated with the sales/marketing in a certain period and divide the costs by the number of customers that the company currently has. The cost per customer then becomes a part of the inputs and its used to determine the cost of sales/marketing and the cost of each customer. Service industries often do not match directly the normal costing systems, but the same concepts can still be used to determine the costs per customer.

The SRS Educational Press is wholly owned by the Company. It performs the bulk of its work for the print materials that are sold to the customers. The press also publishes and maintains a stock of books for general sale. The press uses normal costing to cost each job. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead, allocated on the basis of direct manufacturing labor costs).

The following data (in thousands) pertain to 2017:

 Direct materials and supplies purchased on credit: $800  Direct materials used: $710  Indirect materials issued to various production departments: $100  Direct manufacturing labor: $1,300  Indirect manufacturing labor incurred by various production departments: $900  Depreciation on building and manufacturing equipment: $400  Miscellaneous manufacturing overhead incurred by various production departments: $550 o (Ordinarily, this would be detailed as repairs, photocopying, utilities, etc.)  Manufacturing overhead allocated at 160% of direct manufacturing labor costs: ?  Cost of goods manufactured: $4,120  Revenues: $8,000  Cost of goods sold (before adjustment for under- or overallocated manufacturing overhead): $4,020  Inventories, December 31, 2016 (not 2017):
o Materials control: $100 o Work-in-process control: $60 o Finished goods control: $500

Submission Requirements for Final Project I:

As the accountant, the company has asked you to perform the following tasks:

1. Prepare an overview diagram of the job-costing system at the SRS Educational Press. 2. Prepare journal entries to summarize the 2017 transactions. As your final entry, dispose of the year-end under- or overallocated manufacturing overhead as a write-off to cost of goods sold. Number your entries. Explanations for each entry may be omitted. 3. Show posted T-accounts for all inventories, Cost of Goods Sold, Manufacturing Overhead Control, and Manufacturing Overhead Allocated. 4. How did the SRS Educational Press perform in 2017? Should the company continue to have in-house press production?

You will submit your answers/explanations for Final Project I in a memo-style format to the company’s leadership team. Use Microsoft Word and Excel.