J. Doe runs a business. His current ratio is 0.71. His debts to asset ratio is 0.38. His rate of return on equity is 2.5%. He estimates he could earn 4% on investments off-farm. What is the financial situation on this farm?

1. Good liquidity, good solvency, profitable
2. Good liquidity, weak solvency, not profitable
3. Weak liquidity, good solvency, profitable,
4. Weak liquidity, good solvency, not profitable
5. Good liquidity, weak solvency, profitable

J. Doe runs a business. His current ratio is 2.1. His debts to asset ratio is 0.22. His rate of return on equity is 4.5% He estimates he could earn 3% on investments off-farm What is the financial situation on this farm?

1. Good liquidity, good solvency, profitable
2. Weak liquidity, weak solvency, profitable
3. Weak liquidity, good solvency, profitable
4. Weak liquidity, good solvency, not profitable
5. Good liquidity, good solvency, not profitable

A.) A challenge gaining prominence throughout the planet is the increased need for "green" or sustainable energy. In certain parts of the country, wind farms are a viable alternative to conventional energy sources. An average wind turbine, the device which converts rotational motion to electricity, has a maximum capacity of 1.80 MW1.80 MW . However, the wind turbine realistically never runs at full power. If a wind turbine runs at 26.4%26.4% capacity for 1.00 year1.00 year , how much energy does the wind turbine generate?

E=______kWh

B.)

Suppose that the average U.S. household uses 14100 kWh (kilowatt‑hours) of energy in a year. If the average rate of energy consumed by the house was instead diverted to lift a 2020 kg car10.8 m into the air, how long would it take?

car:________s

Using the same rate of energy consumption, how long would it take to lift a loaded Boeing 747 airplane, with a mass of 4.15×105 kg , to a cruising altitude of 9.67 km ?

airplane:______S

1. Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a three-year moving average to forecast sales. Then estimate demand again with a weighted moving average in which sales in the most recent year are giveo9n a weight of 2 and sales in the other two years are each given a weight of 1. Which method do you think is best? Year Demand for Fertilizer (1,000s of bags) 1 4 2 6 3 4 4 5 5 10 6 8 7 7 8 9 9 12 10 14 11 15

Match up the payback period with the cash flows.

Jan Wei owns a cycle store that sells equipment, clothing, and other accessories. During the month of June, the following activities occurred:

1.The business earned $30,000 from the sale of bicycles, clothing, and accessories. Half the sales were for cash and the other half was on account.

2.The merchandise that was sold originally cost $17,400.

3.Jan purchased additional merchandise on credit for $20,800.

4.Jan paid $18,000 to the suppliers of the merchandise purchased above.

5.The telephone, electricity, and water bills for the month came to $430. All but one of these bills, for $130, was paid by the end of the month.

6.Additional expenses for the month, including depreciation expense of $600, totalled $2,100. They were all paid in cash, except the depreciation expense, and were for repairs and maintenance done to the store.

7.At the end of May, Jan had an 8% loan for $5,000 outstanding with the bank. On the last day of June, Jan paid the monthly interest that was owed on the loan, and also paid $500 on the loan principal.

8.On the last day of June, a customer ordered a $1,300 bicycle. Jan did not have it in stock, so it was ordered and will be delivered in July. Since it was a special order, the customer paid a $300 deposit on it.

Required

Referring to the concepts discussed so far in this textbook:

a.  

Prepare journal entries for each transaction or adjustment

b.  

Calculate the net income for the month.

Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill’s friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John presented him with the following cost estimate per duck: Camper and equipment: Cost, $15,000; usable for eight seasons; 12 hunting trips per season $ 156 Travel expense (pickup truck): 100 miles at $0.39 per mile (gas, oil, and tires—$0.28 per mile; depreciation and insurance—$0.11 per mile) 39 Shotgun shells (two boxes per hunting trip) 25 Boat: Cost, $2,080, usable for eight seasons; 12 hunting trips per season 22 Hunting license: Cost, $80 for the season; 12 hunting trips per season 7 Money lost playing poker: Loss, $36 (Bill plays poker every weekend whether he goes hunting or stays at home) 36 Bottle of whiskey: Cost, $25 per hunting trip (used to ward off the cold) 25 Total cost $ 310 Cost per duck ($310 ÷ 8 ducks) $ 39 Required: 1. Assuming the duck hunting trip Bill has just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? 2. Suppose Bill gets lucky on his next hunting trip and shoots 12 ducks using the same amount of shotgun shells he used on his previous hunting trip to bag 8 ducks. How much would it have cost him to shoot the last two ducks?

Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill’s friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John presented him with the following cost estimate per duck:

Required:

1. Assuming the duck hunting trip Bill has just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season?

2. Suppose Bill gets lucky on his next hunting trip and shoots 10 ducks using the same amount of shotgun shells he used on his previous hunting trip to bag 8 ducks. How much would it have cost him to shoot the last two ducks?

Olsen Outfitters Inc. believes that its optimal capital structure consists of 50% common equity and 50% debt, and its tax rate is 40%. Olsen must raise additional capital to fund its upcoming expansion. The firm will have $3 million of retained earnings with a cost of rs = 15%. New common stock in an amount up to $10 million would have a cost of re = 19%. Furthermore, Olsen can raise up to $4 million of debt at an interest rate of rd = 9% and an additional $4 million of debt at rd = 12%. The CFO estimates that a proposed expansion would require an investment of $7.4 million. What is the WACC for the last dollar raised to complete the expansion? Round your answer to two decimal places.

Exercise 9-25 Activity-Based versus Traditional Costing (L.O. 4, 5, 6)

QUESTION 5 A factory produces pins of which 1.5% are defective. The components are packed in boxes of 12. A box is selected at random.

(1) n = 12

(2) p = 0.0150 (Round to four decimal places)

(3) q = (Round to four decimal places)

Find the following probabilities (Round ALL answers to four decimal places):

4) The box contains exactly 6 defective pins

5) The box contains at least one defective pins

6) The box contains no more than two defective pins

7) The box contains between four and eight defective pins

8) All the pins in the box are defective

9) The box contains less than three or more than nine defective pins

10) The box contains no defective pins

11) The box contains less than eight or between five and ten defective pins.

12) The box contains less than seven

13) The box contains more than ten

Calculate (Round ALL answers to two decimal places):

14) The mean of the variable “the number of defective pins”.

15) The standard deviation of the variable “the number of defective pins”

Please Answer all 15 question correctly