Piedmont Company segments its business into two regions—North and South. The company prepared the contribution format segmented income statement shown below:
| Total Company |
North | South | ||||
| Sales | $ | 812,500 | $ | 650,000 | $ | 162,500 |
| Variable expenses | 552,500 | 520,000 | 32,500 | |||
| Contribution margin | 260,000 | 130,000 | 130,000 | |||
| Traceable fixed expenses | 134,000 | 67,000 | 67,000 | |||
| Segment margin | 126,000 | $ | 63,000 | $ | 63,000 | |
| Common fixed expenses | 54,000 | |||||
| Net operating income | $ | 72,000 | ||||
Required:
1. Compute the companywide break-even point in dollar sales.
2. Compute the break-even point in dollar sales for the North region.
3. Compute the break-even point in dollar sales for the South region.
In: Accounting
The Queensland Government proposes to develop a high-speed train to link Gold Coast and Brisbane. The Government would like the train to travel at speeds in the range of 150-225 km/hour. It is expected that the train will run from Coolangatta to South Bank stopping at Robina, Nerang, Helensvale, and Coomera before running express to South Bank. The Government would like the elapsed time for travel between the Coomera and South Bank station to be approximately 30 minutes.
Your company has been chosen as the consultant to prepare an EIA report on the proposed fast-train network. Develop a preliminary EIA report for this project such as identify requirement and extent of EIA, Significant issues, Impact and mitigation plan for each significant issues
In: Civil Engineering
The Bureau of Economic Analysisin the U.S. Department of Commerce reported that the mean annual income for a resident of North Carolina is $18,688 (USA Today, August 24, 1995). A researcher for the state of South Carolina wants to see if the mean annual income for a resident of South Carolina is different. A sample of 400 residents of South Carolina shows a sample mean annual income of $16,860 and the population standard deviation is assumed to known, =$14,624. Use a 0.05 level of significance, the researcher wants to test the following hypothesis.H0:= 18,688Ha:18,688a.What are three rejection rules (You have used confidence interval approach in Question 2)? b.Do three rejection rules lead to the same conclusion? What is your conclusion?
In: Math
North Pole Fishing Equipment Corporation and South Pole Fishing Equipment Corporation would have identical equity betas of 1.11 if both were all equity financed. The market value information for each company is shown here:
| North Pole | South Pole | |||||
| Debt | $2,960,000 | $3,870,000 | ||||
| Equity | $3,870,000 | $2,960,000 | ||||
The expected return on the market portfolio is 11.4 percent and the risk-free rate is 3.4 percent. Both companies are subject to a corporate tax rate of 21 percent. Assume the beta of debt is zero.
1) What is the equity beta of North Pole? What is the equity beta of South Pole?
2) What is the required rate of return on equity for North Pole?
In: Finance
Question 2. (30pts.) Suppose that you are journalist who is asked to write an opinion piece on the subject of “privatization and deregulation of the railroad industry in Turkey” by his/her editor. Indeed, a fast online search reveals that in a piece published in the Washington Post on 04.06.2015 sponsored (paid for!) by the Association of American Railroads, it is claimed that:1
Railroad regulation began in the late 19th century, when the rail industry faced virtually no competition from other modes of transportation. Over time, the regulations became far-reaching and greatly limited the ability of railroads to determine services, set prices and even build new rail lines.
It then continues to argue in favor of deregulation by pointing out the following:
“America has the greatest economic system in the world. Lets reduce government interference and give it a chance to work.” President Jimmy Carter used this line during his 1979 State of the Union address to demand that Congress deregulate the freight rail industry.
That article continues to claim that deregulation of the
railroad industry has been a big success in the US.
Using the knowledge accumulated in this course, write a structured
essay analyzing this subject. Would the
deregulated and private markets (wild capitalism) work in the railroad industry in Turkey?
In: Economics
1.When a net loss has occurred, Income Summary is
| debited and Owner’s Drawings is credited. |
| credited and Owner’s Capital is debited. |
| credited and Owner’s Drawings is debited. |
| debited and Owner’s Capital is credited. |
2. On September 23, Reese Company received a $350 check from Mike Moluf for services to be performed in the future. The bookkeeper for Reese Company incorrectly debited Cash for $350 and credited Accounts Receivable for $350. The amounts have been posted to the ledger. To correct this entry, the bookkeeper should
| debit Accounts Receivable $350 and credit Service Revenue $350. |
| debit Accounts Receivable $350 and credit Unearned Service Revenue $350. |
| debit Cash $350 and credit Unearned Service Revenue $350. |
| debit Accounts Receivable $350 and credit Cash $350. |
3. Cash of $100 received at the time the service was provided was journalized and posted as a debit to Cash $100 and a credit to Accounts Receivable $100. Assuming the incorrect entry is notreversed, the correcting entry is
| debit Service Revenue $100 and credit Accounts Receivable $100. |
| debit Cash $100 and credit Service Revenue $100. |
| debit Accounts Receivable $100 and credit Service Revenue $100. |
| debit Accounts Receivable $100 and credit Cash $100. |
4. Whitman Company paid $630 cash on account to a creditor. The journal entry for this transaction was incorrectly recorded as a debit to Cash of $360 and a credit to Accounts Receivable of $360. The correcting entry is
| debit to Accounts Receivable, $360, and credit to Cash, $360. |
| debit to Accounts Payable, $630, debit to Accounts Receivable, $360, and credit to Cash, $990. |
| debit to Accounts Receivable, $630, and credit to Accounts Payable, $630. |
| debit to Accounts Payable, $630, and credit to Cash, $630. |
5. In a classified balance sheet, assets are usually classified using the following categories:
| current assets; long-term investments; property, plant, and equipment; and intangible assets. |
| current assets; long-term assets; property, plant, and equipment; and intangible assets. |
| current assets; long-term investments; property, plant, and equipment; and tangible assets. |
| current assets; long-term investments; tangible assets; and intangible assets. |
6. Maxim Company had the following partial listing of accounts and balances at year-end: Cash, $7,000; Accounts Receivable, $6,000; Accounts Payable, $15,000; Equipment, $23,000; Inventories, $5,000; Supplies, $1,000; Investment in Real Estate, $75,000; Unearned Service Revenue, $13,000; and Prepaid Rent, $4,000. The total current assets for Maxim Company is
| $98,000. |
| $23,000. |
| $149,000. |
| $19,000. |
In: Accounting
Fast Co. produces its product through a single processing
department. Direct materials are added at the start of production,
and conversion costs are added evenly throughout the process. The
company uses monthly reporting periods for its weighted-average
process costing system. The Work in Process Inventory account has a
balance of $95,300 as of October 1, which consists of $20,400 of
direct materials and $74,900 of conversion costs.
During the month the company incurred the following
costs:
| Direct materials | $ | 128,800 |
| Conversion | 1,067,920 | |
|
|
||
During October, the company started 151,000 units and transferred
161,000 units to finished goods. At the end of the month, the work
in process inventory consisted of 25,500 units that were 80%
complete with respect to conversion costs.
Required:
1. Prepare the company’s process cost summary for October
using the weighted-average method.
2. Prepare the journal entry dated October 31 to transfer
the cost of the completed units to finished goods inventory.
REQUIRED 1:
|
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In: Accounting
Tiffany, 36-year-old woman who has been experiencing of pain and swelling in her hands and feet. On examination by her General Practitioner (GP) her hands and feet display evidence of inflammation; rubra, heat and swelling and decreased function. On palpation and movement, they cause considerable pain which she rates as 5 - 7 on pain scale of 0 -10. When questioned on when this pain and inflammation first started, she is unable to say, but it has gradually worsened over the past 4 weeks. She states she has been taking Ibuprofen which initially provided relief but is no longer as effective. It is worse in the morning and she is now unable to carry out her many aspects of her normal routine. Her GP suspect’s Rheumatoid Arthritis (RA).
3c. Disease Modifying Anti Rheumatic Drugs (DMARD) are often the first line of pharmacological therapy despite the significant side effects. Name two non-biological DMARD’s, describe how they work and why they are prescribed despite the significant adverse drug reactions (ADR’s) 3 marks ( 1 mark for drug names, 2 marks for discussion)
In: Nursing
In: Economics
- How did the institution of slavery affect the early colonies?
- What was the economy of the early colonies like?
- What examples of self-government did the colonists find themselves in?
- How did the isolation from Britain affect the colonies?
- Which colony was the most successful early on (in your opinion)?
In: Economics