1. Has overall employment been rising or falling during the past 3 years? What factors might account for this pattern?

2. Have US workers’ wages been rising or falling during the past 3 years?

Comprehensive Master (Operating) Budget

Bee Gee Distributors, a wholesale company, is considering whether to open a new distribution center near Bowling Green, Ohio. The center would open January 1, 2020. The economic outlook is reasonable, but extensive advance planning is required if such a commitment is to be made. As a part of the planning process, The Board of Directors requires a Master (i.e. Operating) Budgetfor the center’s first quarter of operations(i.e. January, February & March of 2020).  In order to prepare anybudget, management must make reasonable assumptions about expected sales, inventory levels and cash flows.  

SALES BUDGET: “What is the Profit Plan?”

        ** It all starts with a sales forecast **

a.     January sales are estimated to be $400,000 of which $100,000 (25%) will be cash and $300,000 will be on credit.  Management expects the above sales pattern to continue with an overall grow rate of 10% per month.  Prepare a sales budget.

b.     The company expects to collect 100% of the accounts receivable in the month following the month of the sale.  Prepare a schedule of expected cash receipts.

c.     Use the information developed above in requirements a and bto determine the amount of accounts receivable on the March 31 pro forma balance sheet and the amount of sales on the first quarter pro forma income statement.

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PURCHASES BUDGET: “What are our total needs, less what do we have”?

d.     Cost of goods sold will be 60% of sales.  Company policy is to budget an ending inventory balance equal to 25% of the next month’s projected cost of goods sold.  Prepare an inventory purchases budget.

Note: For March analysis needs, Aprilcost of goods sold is expected to be $314,000.

e.     All inventory purchases are on account.  The company pays 70% of accounts payable in the month of purchase. It pays the remaining 30% in the following month.  Prepare a schedule of expected cash payments for inventory purchases.

f.     Use the information developed above in requirements d and eto determine the amount of cost of goods sold on the first quarter pro forma income statement and the amounts of ending inventory and accounts payable on the March 31 pro forma balance sheet.

ADMINISTRATIVE & SALES EXPENSE BUDGET:

g.     Budgeted monthly selling and administrative expenses are:

         *The capital expenditures budget shows that Bee Gee must purchase $100,000 of equipment on January 1 to establish the new center.  Since the equipment supplier allows a thirty-day trial period, assume Bee Gee will pay for the equipment in January (i.e. by 1/31).  Using Straight-line depreciation, the equipment is expected to have a 10-year useful life and a $10,000 salvage value.  

            SELLING AND ADMINISTRATIVE EXPENSE BUDGET:

h.     Sales commissions and utilities are paid in the month after the month in which they are incurred.  All other expenses are paid in the month in which they are incurred.  Prepare a schedule of cash payments for selling and administrative expenses.

Please do E,F,G,H

. You just won 100 million playing the lottery yesterday and you deposit 50 million in the local bank. Would you spending habits and the way you think about and select goods and service change compared to the way it was before you won lottery? what types of goods would you buy and in what quantities? why? Please explain it by some economic concept as much detail as possible.​ Please being organize

One of the games of the Massachusetts Lottery is the daily numbers.  Four digits (0 - 9) are drawn at random thus producing a 4 digit number.

Your friend has the following theories about the digits drawn:

#1. Over the year the average of the total of the 4 digits drawn each day is 24

#2. If the first digit of the 4 digits drawn is even the last digit is odd at least 75% of the time

#3. The middle digits of the 4 digits drawn are the same at least 35% of the time.

#4. The digit 5 is the most frequently appearing digit in the numbers drawn in the first quarter of the year (ie the first 13 weeks).

#5. Even digits are more common than odd digits

#6. A number with all the same digits appears at least 3 times per year

Generate a list of lists.  Then write code that will test the theories above for one year (52 lists of 4 digits each).  Print to the screen the results of your analysis.

Please done in Python format.

1. A hydrogen atom emits a photon when its electron falls from its 3rd excited state (?=4) to its first excited state (?=2). Another electron in a box with sides of infinite potential absorbs the photon and jumps from the ground state (?=1) to the 5th excited state (?=6).

a. [2] What is the wavelength of the emitted photon? (Calculate this, don’t just look it up)

b. [3] What is the length of the box?

c. [3] Using the fact that ∫sin2(??)??=(?²−sin(2??)4?), find the probability that we will find the electron in the first quarter of the box. How does this compare to the probability of finding the electron in that quarter of the box before the absorption of the photon (when we still had ?=1)? How do these compare to the classic probability of finding the electron in that quarter of the box?

CASE STUDY

Naperville Hardware Distribution

Matt Weber and Quinn Domyancic, CEO and COO respectively of Naperville Hardware Distributors (NHD), were frustrated with their fourth quarter financial results. At the beginning of the quarter they had been enthusiastic about the profit picture for the company. The economy had been in an economic slump for several years, but the first quarter results of this year had shown a positive upturn in sales. The second and third quarter results were even better. Matt and Quinn had been almost exuberant even though profits had not shown much improvement. They both felt the profits in the fourth quarter would improve significantly because they had carryover expenses from the previous period, which they covered with revenue generated during the second and third quarters. While their net profits had again improved in the fourth quarter, the results were not what they expected.

NHD purchased the various hardware and plumbing products that they distributed from several manufactures located in Indiana, Illinois, and Wisconsin. They purchased in truckload quantities and had the items moved to a warehouse facility that they maintained in Naperville. They also operated a store that was contiguous to the warehouse plumbing contractors as well as some retail customers who did their own remodeling and repairs. NHD would make deliveries to customers in the greater Chicago area, especially builders and plumbing contractors.

Matt and Quinn asked their CFO, Carl Weber, do a “deep dive” on their costs for the last three years. Carl also did some benchmarking for them. Carl came to the conclusion that NHD was spending too much money on transportation and related distribution service. NHD was currently utilizing a third party logistics services company, LMZ for transportation (inbound and outbound). Carl recommended that they “in-source” all the transportation services.

Matt and Zach were surprised by Carl’s conclusion about the outsourcing of their transportation services because they had been dealing with LMZ for about 10 years. Private transportation service and order fulfillment were not among their core competencies. They had some reservations. Carl pointed out that they had options that they could consider including leasing equipment and drivers.

CASE QUESTION

1. Matt and Quinn have hired you as a summer intern to evaluate their options and requested you to write a short report presenting the opportunities and challenges they would face in pursing Carl’s recommendation. They also asked you to make your own recommendation based upon your analysis

Orca, Inc. announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $1.5 a share. The following dividends will be $1.31, $1.58, and $2.17 a share annually for the following three years, respectively. After that, dividends are projected to increase by 3.8 percent per year. How much are you willing to pay today to buy one share of this stock if your required rate of return is 10.5 percent?

NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of .57 a share. The following dividends will be .62, .77, and 1.07 a share annually for the following three years. After that, dividends are projected to increase by 3.8 percent per year. How much are you willing to pay today to buy one share of this stock if your desired rated of return is 12 percent

1. XYZ issues a 15-year, $20,000,000 bond on September 1, 2019 with a stated interest rate of 3.4%, payable semiannually. Market interest rates on September 1, 2019 were 3.8%. Prepare the journal entry to record the transaction on September 1, 2019.

2. Prepare the journal entries to record interest expense and other accounts for XYZ’s bond for the first 2 interest payments (ignore year-end accruals)

3. XYZ issues a 15-year, $20,000,000 bond on September 1, 2019 with a stated interest rate of 3.4%, payable semiannually. Market interest rates on September 1, 2019 were 3.8%. Prepare the journal entry to record the transaction on September 1, 2019.

4. Prepare the journal entries to record interest expense and other accounts for XYZ’s bond for the first 2 interest payments (ignore year-end accruals)