Rambotix Company has two divisions, the Semiconductor Division and the X-ray Division. The X-ray Division may purchase semiconductors from the Semiconductor Division or from outside suppliers. The Semiconductor Division sells semiconductor products both internally and externally. The market price for semiconductors is $100 per 100 semiconductors. Dave Bryant is the controller of the X-ray Division, and Howard Hillman is the controller of the Semiconductor Division. The following conversation took place between Dave and Howard: Dave: I hear you are having problems selling semiconductors out of your division. Maybe I can help. Howard: You've got that right. We're producing and selling at about 90% of our capacity to outsiders. Last year we were selling 100% of capacity. Would it be possible for your division to pick up some of our excess capacity? After all, we are part of the same company. Dave: What kind of price could you give me? Howard: Well, you know as well as I that we are under strict profit responsibility in our divisions, so I would expect to get market price, $100 for 100 semiconductors. Dave: I'm not so sure we can swing that. I was expecting a price break from a “sister” division. Howard: Hey, I can only take this “sister” stuff so far. If I give you a price break, our profits will fall from last year's levels. I don't think I could explain that. I'm sorry, but I must remain firm—market price. After all, it's only fair—that's what you would have to pay from an external supplier. Dave: Fair or not, I think we'll pass. Sorry we couldn't have helped Was Dave behaving ethically by trying to force the Semiconductor Division into a price break? Comment on Howard's reactions. Responses must be a minimum of 50 words.
In: Accounting
.Our company had the following balances and transactions during the current year related to merchandise inventory.
Beginning merchandise inventory on January 11 20 units at $70 per unitPurchase on February 14 100 units at $85 per unitSale on August 21 120 units
What would be the company's ending merchandise inventory in dollars on December 31 if the company used perpetual, last in, first out (LIFO) method?
$9,900
$8,500
$8,400
$7,000
2.Our company had the following balances and transactions during the current year related to merchandise inventory.
Beginning merchandise inventory on January 11 20 units at $70 per unitPurchase on February 14 100 units at $85 per unitSale on August 21 120 units
What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, last in, first out (LIFO) method?
$9,900
$8,500
$8,400
$7,000
3.Our company had the following balances and transactions during the current year related to merchandise inventory.
Beginning merchandise inventory on January 1
120 units at $70 per unit
Purchase on February 14
100 units at $85 per unit
Sale on August 21
150 units
What would be the company's ending merchandise inventory in dollars on December 31 if the company used perpetual, first in, first out (FIFO) method?
$4,900
$5,950
$10,950
$12,000
4.Our company had the following balances and transactions during the current year related to merchandise inventory.
Beginning merchandise inventory on January 1
100 units at $75 per unit
Purchase on February 14
100 units at $80 per unit
Sale on August 21
150 units
What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, first in, first out (FIFO) method?
$4,000
$3,750
$11,500
$11,750
5.Our company had the following balances and transactions during the current year related to merchandise inventory.
Beginning merchandise inventory on January 1
120 units at $70 per unit
Purchase on February 14
100 units at $85 per unit
Sale on August 21
150 units
What would be the company's ending merchandise inventory in dollars on December 31 if the company used perpetual, weighted average (WA) costing method?
$4,900
$12,000
$11,523
$5,377
6.Our company had the following balances and transactions during the current year related to merchandise inventory.
Beginning merchandise inventory on January 1
100 units at $75 per unit
Purchase on February 14
100 units at $80 per unit
Sale on August 21
150 units
What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, weighted average (WA) costing method?
$4,000
$3,750
$11,625
$11,750
In: Accounting
Case Study
Answer the questions in the end, write a brief summary.
Fran, a 22-year-old woman, was admitted to a large urban medical center, City Medical, for a prescheduled elective labor induction. This was her first child, a son, and Fran and her husband were very excited to have the baby. The nursing staff admitted Fran for an elective induction of labor at 39 weeks of pregnancy. As a routine part of the admission process, Fran and her baby were connected to a bedside fetal monitor, which is also connected to a monitor at a central monitoring station in the nurses’ station where it is to be watched at all times.
After an initial assessment of Fran’s condition, it was determined by the certified nurse midwife (CNM), Shilo, that her cervix was not “ripe” (ripe = soft, dilated, and shows early effacement). However, the nursing staff began the process to induce the onset of labor. An additional assessment showed that Fran had a “Bishop’s score” of only 5 out of 10. Bishop scores (pelvic scores) assess five elements of the pelvis to help determine whether a woman is ready for delivery or induction. Scores below 6 mean that the chance of having a normal vaginal delivery are low and have approximately a 50%, or higher, rate of cesarean section. Neither the providers nor the nurses’ documentation mentioned that Fran or her husband were ever told of the risks associated with an induced labor at this time. She was told that she had mild hypertension.
The data from the fetal heart monitor showed that the baby was oxygenating well with a normal heart rate of 115 when the IV induction medication, oxytocin (Pitocin), was started. As the medication rate was slowly increased to the point where contractions were becoming stronger, the monitoring data remained stable. Hospital policy required that an RN remain with the patient during the induction process. Because Fran was initially assigned to Shilo, the CNM, she was in charge of managing the induction and delivery process, not an unusual practice at
this facility.
The induction was proceeding more slowly than expected, and after more than 16 hours on continuous duty, the CNM left the bedside to rest and handed the care to the staff RN. During the 3 hours Shilo was gone, the fetal heart rate dropped from a category I (>110), to a category II (<100). However, the staff RN continued to increase the rate of Pitocin even though the contractions were very strong. Shilo was awakened by the staff nurse when the fetal heart rate dropped to a category III (<90). It took another 30 minutes for the CNM to arrive at the bedside. A category III fetal heart rate, according to policy, requires emergency intervention by a qualified obstetrician to resuscitate the fetus in utero and/or accomplish an immediate delivery.
The attending obstetrician came in about an hour later and conducted the delivery by vacuum extraction procedure, which lasted almost 30 minutes (normal time is 5–10 min). The CNM had not yet been approved on the procedure of a vacuum extraction birth without supervision and could not have performed the procedure any earlier. When Fran’s baby was finally delivered and assessed by the newborn nursery staff, he had a heart rate of 38 beats per minute, no muscle tone, no reflexes, and no respiration. The Apgar score he was given was 1 out of a possible 10. Although resuscitation was initiated immediately by the staff and physician, no pediatrician was present as required by facility policy. When a pediatrician did arrive, the baby was finally intubated and oxygenated. He was transferred to the facility’s neonatal intensive care unit (NICU). The parents were told that their baby had suffered from some “brain hypoxia” due to the prolonged labor, but that the NICU would be able to reduce the resulting brain swelling by reducing the baby’s temperature.
Although the hypothermia procedure was partially successful, the couple’s son would likely suffer from spastic quadriplegia, commonly known as cerebral palsy. A consulting neurologist told Fran and her husband that their son would likely require lifelong, full-time care although he could live into adulthood.
Questions
In: Nursing
Suppose that a price-searcher monopolist had a total cost function given by: TC= 20 + 0.5Q +0.2Q2. The demand for the price searcher's product is given by: QD= 100 -20P. Calculate the monopolist's producer surplus.
In: Economics
buy one call option on 1 gold contract (100 oz.).
Exercise Price = $1400/oz
Option Premium = $30/oz
If the price of gold moves to $1350, what is the net option payoff in $
In: Finance
1. Should test results be kept confidential from other family members who are directly affected (as in examples B & D)?
2. Should a client be given information that will lead to a decision that the counselor believes is unethical (as in examples A&C)?
3. What would you do? (Note: The answers to the first two questions can/may be different from the third).
Thinking Like A Scientist
One of the most difficult parts of being a scientist is knowing how
to use information so it does not harm others. Consider these
cases:
A. A pregnant woman and her husband both have achondroplastic
dwarfism, a dominant condition that affects appearance (very short
stature, large head) but not intellect. They want genetic analysis
of the fetus; they plan to abort if the child would be of normal
height.
B. A 40-year-old woman is tested and is told that she has the BRCA1
gene. That means she has about an 80% chance of developing breast
cancer and is at high risk for ovarian and colon cancer. She does
not believe these results and wants no one to tell her mother, her
four sisters, or her three daughters, some of whom may be I the
early stages of cancer.
C. A 30-year-old mother of two daughters (no sons) is a carrier for
hemophilia. She requests in vitro fertilization (IVF) and
pre-implantation analysis so that only male zygotes without the
hemophilia-carrying X chromosome will be implanted. Female zygotes,
all healthy but half of them carriers, would be destroyed as would
the hemophiliac half of her male zygotes.
D. A couple has a child with cystic fibrosis. They want to know if
they both carry the recessive gene, in which case they will have no
more children, or if the child’s illness was the result of a
spontaneous genetic change, as my happen at conception. The test
results make it apparent to the counselor that the couple will not
have a child with cystic fibrosis, because the husband is not the
child’s biological father.
Answer the following questions in your Blog:
1. Should test results be kept confidential from other family
members who are directly affected (as in examples B and D)?
2. Should a client be given information that will lead to a
decision that the counselor believes is unethical (as in examples A
and C)?
3. What would you do? (Note: The answers to the first two questions
can/may be different from the third).
In: Psychology
24-year-old female from Saudi Arabia* presents in the visiting room by her husband and needs to be seen by a health care practitioner. A male nurse enters the room and the couple refuse to be seen and request a female examiner.
In: Nursing
Based on the data collected during the telephone interview, the nurse determines that Alice is in very early labor. Because she lives close to the hospital, she is instructed to stay home until her labor progresses. Outline the instructions and recommendations for care Alice and her husband should be given for the nursing diagnosis: Readiness for enhanced knowledge of labor progression RT lack of exposure.
In: Nursing
So-hyun and her husband, KJ, they each own assets valued at $3,000,000. If KJ dies in 2014 and leaves all of his assets to So-hyun, without the use of a trust arrangement, how much of his estate will be subject to tax? If So-hyun were also to pass away in 2014, after receiving KJ's assets, what will be her estate tax liability?
In: Finance
For six of the following, identify the author and write five carefully chosen sentences on the meaning of the quotation.
7. “Then there is the ‘old lady effect.’ Consider the case of a two-parent, four-child family that has occupied a ten-room rental dwelling. One by one the children grow up, marry, and move elsewhere. The husband dies. Now the lady is left with a gigantic apartment.” --- Walter Block
In: Economics