Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company’s products. The company now is planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements:

1. The finished goods inventory on hand at the end of each month must equal 2,000 units of Supermix plus 25% of the next month’s sales. The finished goods inventory on June 30 is budgeted to be 11,250 units.
2. The raw materials inventory on hand at the end of each month must equal one-half of the following month’s production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 57,375 cc of solvent H300.
3. The company maintains no work in process inventories.

A monthly sales budget for Supermix for the third and fourth quarters of the year follows.

Required:

1. Prepare a production budget for Supermix for the months July, August, September, and October.

3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total.

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

• Required 1

• Required 3

Prepare a production budget for Supermix for the months July, August, September, and October.

• Required 1

Requirement #2

Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total.

Assume the density of air is ρ = 1.21 kg/m³. A 75-kg skydiver descending head first without parachute will have an area approximately A = 0.18 m² and a drag coefficient of approximately C=0.70. (a) What would be the predicted terminal velocity of this person if falling from very high altitude (high enough to generate terminal velocity). (b) how many meters above the ground the airplane must fly in order for this person to generate that terminal velocity at the height of 500 meters above the ground?

Go to the Australian Bureau of Statistics website and find the latest (December 2018)figures for output. In particular, find the percentage change in Trend GDP from the September Quarter 2018 to December Quarter 2018; and the December Quarter 2017 to December Quarter 2018; and the percentage change in Seasonally Adjusted GDP over the same two periods.b)Do the same for the December 2017 figures.(1mark)c)Explain whether, based on the GDP data and all else equal, you would prefer to be incumbent Government running for re-election this time last yearor now.d)Now find the ABS data for the Consumer Price Index, specifically report the figures for the December 2018 and December 2017 All Groups CPI and the Seasonally Adjusted CPI.(3marks)e)What are the categories that experienced the most significantprice rises and falls? Discuss whether, given your usual consumption bundle, you were likely better or worse off in December 2018 compared to September 2018.

a) Go to the Australian Bureau of Statistics website and find the latest (December 2018) figures for output. In particular, find the percentage change in Trend GDP from the September Quarter 2018 to December Quarter 2018; and the December Quarter 2017 to December Quarter 2018; and the percentage change in Seasonally Adjusted GDP over the same two periods. b) Do the same for the December 2017 figures. (1 mark) c) Explain whether, based on the GDP data and all else equal, you would prefer to be incumbent Government running for re-election this time last year or now. d) Now find the ABS data for the Consumer Price Index, specifically report the figures for the December 2018 and December 2017 All Groups CPI and the Seasonally Adjusted CPI. e) What are the categories that experienced the most significant price rises and falls? Discuss whether, given your usual consumption bundle, you were likely better or worse off in December 2018 compared to September 2018.

QUESTION 21

1. Scenario C

   The economy is experiencing 12% inflation per year.

   Question

   Identify the most likely current state of the economy with regard to spending?

   	a.	Low
   	b.	High

QUESTION 22

1. Scenario C

   The economy is experiencing 12% inflation per year.

   Question

   Identify the most likely current state of the economy with regard to unemployment?

   	a.	Low
   	b.	High

QUESTION 23

1. Scenario C

   The economy is experiencing 12% inflation per year.

   Question

   Identify the most likely current state of the economy with regard to inflation?

   	a.	Low
   	b.	High

QUESTION 24

1. Scenario C:

   The economy is experiencing 12% inflation per year.

   Question:

   In which direction would you change each fiscal policy tool in order to help the economy? For government spending would you increase or decrease it?

   	a.	Increase
   	b.	Decrease

QUESTION 25

1. Scenario C:

   The economy is experiencing 12% inflation per year.

   Question:

   In which direction would you change each fiscal policy tool in order to help the economy? For taxes would you increase or decrease them?

   	a.	Increase
   	b.	Decrease

Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company’s products. The company is now planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements:

a. The finished goods inventory on hand at the end of each month must be equal to 2,000 units of Supermix plus 25% of the next month’s sales. The finished goods inventory on June 30 is budgeted to be 20,250 units.

b. The raw materials inventory on hand at the end of each month must be equal to one-half of the following month’s production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 92,000 cc of solvent H300.

c. The company maintains no work in process inventories.

A sales budget for Supermix for the last six months of the year follows.

3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total.

• post a novel and appropriate response to the question(s) posed [max score of 10 points]
• Deadline for initial posts is Friday, Sept 18, at 11 PM.
• respond in a meaningful way to at least two of your classmates' posts [up to 5 points per response, max of 10 points total]
• Deadline for responses is Monday, Sept 21, at 11 PM.

Be sure your posts are written in complete, grammatically correct sentences. Be sure to answer all parts of the question.

You recently began tracking your income and expenses. Examine your spending and distinguish between wants and needs.

1) How do you define a financial need? How do you define a want?

2) What are your fixed expenses (expenses that do not fluctuate that you must pay regularly each week, month, quarter, or year)?

3) Which of your budget categories must you provide for first before satisfying others? To what extent is each of your expenses discretionary -- under your control in terms of spending more or less for that item or resource? Give a specific example of a non-discretionary and a discretionary expense.

4) Which of your expenses could you reduce if you had to or wanted to for any reason?

You do not need to disclose the specific dollar value of any of your expenses if you choose not to. Instead, you can discuss your expenses as percentages of your total expenses for the week (or month, if you already follow a written budget and can extrapolate the data). For example: if I spent a total of $100 last week and $25 of that was spent feeding my Dunkin' or Starbucks addiction, then I would represent that as 25% of my tota

On January 1, 2023, Comet Products issued $40 million of 6%, 10-year convertible bonds at a net price of $40.8 million. The effective interest rate on the bond is 6.1352734%. Comet recently issued similar, but nonconvertible, bonds at 99 (that is, 99% of face amount). The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 20 shares of Comet's no par ordinary shares.

On June 1, 2025, Comet notified bondholders of its intent to call the bonds at face value plus a 1% call premium on July 1, 2025. By June 30 all bondholders had chosen to convert their bonds into shares as of the interest payment date. On June 30, Comet paid the semiannual interest and issued the requisite number of shares for the bonds being converted.

Required:

1. Prepare the journal entry for the issuance of the bonds by Comet.

2. Prepare the journal entry for the June 30, 2023, interest payment.

3. Prepare the journal entries for the June 30, 2025, interest payment by Comet and the conversion of the bonds (book value method).

There’s a fairly new product for retirement mutual funds that target your date of retirement. I’m not sold on the product. I’m 59 years old. Over the last 10 years the Vanguard Index500 fund averaged a 10.49% annual return. The 2025 (retirement target date 6 years from now) retirement fund has averaged a 5.13% over the last 10 years. At age 49 I had $200,000 in retirement funds and for the next 17 years (to age 66) $12,000 per year is invested in the fund. (Assume all monies are invested at the beginning of the year.) Now we don’t know what future returns will be but let’s speculate they both will perform identically to past history. At age 66 (7 years from now) how much will I have in the Index500 fund? How much would I have in the 2025 target fund if I listened to an investment “expert” when I was 49 years old and invested in the retirement target fund? In dollars, how much was the financial mistake investing in the 2025 target fund?

Consider the following hypothetical natural experiment. The United States imposes a 25% tariff on imported automobiles (cars) in 2020 but does not do so on imported trucks. Canada does not impose such a tariff. In 2020 vehicles (cars+light trucks) in the U. S. (noncommercial) averaged 30 mpg while vehicles in Canada averaged 35 mpg. In 2025 vehicles in the US averaged 35 mpg while vehicles in Canada averaged 45 miles per gallon. Assume (this is a hypothetical natural experiment) that there are no differences between drivers and economic conditions in Canada and the U.S. In an actual analysis of such a situation any observable differences would be addressed using some matching algorithm. a. Using the difference in difference estimator calculate the yearly impact of the tariff on fuel efficiency for all vehicles. b. Assuming that there were 10 million vehicle (car and light truck) sales in the U.S. in 2025 and that each vehicle drives on average 10,000 miles per year, how much more gasoline would be consumed by U. S. drivers in 2025 due to the tariff?