|
Toyland wishes to produce quarterly financial statements, but it
takes a physical count of inventory |
| 2016 | 2017 | |||||
| Net sales | $ | 152,000 | $ | 185,000 | ||
| Cost of goods sold | 67,900 | 80,380 | ||||
| At the end of the first quarter of 2018, Toyland’s ledger had the following account balances: |
| Sales | $ | 240,000 | |
| Purchases | 159,000 | ||
| Beginning inventory 1/1/2018 | 63,300 | ||
| Ending inventory 3/31/2018 | 96,700 | ||
| Based on purchases and sales, the Toyland accountant thinks inventory is low. |
| Required |
| Using the information provided, estimate the following for the first quarter of 2018: |
| a. |
Cost of goods sold. (Use average cost of goods sold percentage.) (Round your intermediate percentage values to 2 decimal places and final answers to nearest whole dollar amount.) |
| b. | Ending inventory at March 31 based on the historical cost of goods sold percentage. |
| c. |
Inventory shortage |
In: Accounting
BE10.1 (LO 1) Previn Brothers Inc. purchased land at a price of $27,000. Closing costs were $1,400. An old building was removed at a cost of $10,200. What amount should be recorded as the cost of the land?
BE10.2 (LO 2) Hanson Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,800,000 on March 1, $1,200,000 on June 1, and $3,000,000 on December 31. Compute Hanson’s weighted-average accumulated expenditures for interest capitalization purposes.
In: Accounting
A construction company is choosing between two backhoes. Options A is a wheel-mounted version, with an initial cost of $65,000, an expected life of 6 years, and a salvage value of $5,000. Option B is a trackmounted version, with an initial cost of $85,000, a 9-year life, and a salvage value of $10,000. Both machines will achieve the same productivity. The interest rate is 9%.
a) What is the EUAC of option A ($/year)?
b) What is the EUAC of option B ($/year)?
c) If the interest rate is 12%, which option is preferred (A or B)?
In: Economics
Problem 2: Speeding in a construction zone
A group of Brigham Young University—Idaho students collected data on the speed of vehicles traveling through a construction zone on a state highway, where the speed was 25 mph. The recorded speed (in mph) of 14 randomly selected vehicles is given below:
20,24,27,28,29,30,32,33,34,36,38,39,40,40
Assuming speeds are approximately normally distributed, construct a 95% confidence interval for the true mean speed of drivers in this construction zone. Interpret the interval.
Construct a 99% confidence interval for the true mean speed of drivers in this construction zone. Interpret the interval.
Compare the widths of the 95% and 99% confidence intervals.
What conclusions do you draw about the speeds people drive in this construction zone?
In: Statistics and Probability
Conduct research on one of the first built tombs in the world. The selected tomb should have a superstructure. Specifically, focus on the, Evidential, Historical, Aesthetic and Communal Values of the tombs. In other words, determine the specific futures of a tomb in relation to their evidential, historical, aesthetic, and communal values
Architect, architectural features, construction year and duration, construction materials, construction type, structural features, construction purpose and the features that make it different and significant and the importance of the construction for the society should be included and explained under the headings of Evidential, Historical, Aesthetic and Communal Values in the report. You should illustrate your explanations with photographs which should be referred in your report.
Prepare a maximum 350-words long document
In: Civil Engineering
Sustainable development has become an important part of the lives and aspects of enterprise operations globally and locally. There is a global trend to enhance sustainable practices in all sectors and most especially the construction sectors. In fact, the construction industry is responsible worldwide for the usage of 40% of total energy production, 40% of raw materials and 25% of timber; the use of 16% of water, generates 30- 40% of solid waste and 35-40% of CO2 emissions. The government of Malaysia has introduced the Construction Industry Transformation Programme (CITP) to transform the construction industry from 2016 to 2020. It aims to transform the construction industry through four strategic thrusts: Quality, Safety and Professionalism, Environmental Sustainability, Productivity and Internationalisation
please explain
In: Civil Engineering
Washington County’s Board of Representatives is considering the construction of a longer runway at the county airport. Currently, the airport can handle only private aircraft and small commuter jets. A new, long runway would enable the airport to handle the midsize jets used on many domestic flights. Data pertinent to the board’s decision appear below.
| Cost of acquiring additional land for runway | $ | 78,000 | |
| Cost of runway construction | 265,000 | ||
| Cost of extending perimeter fence | 50,270 | ||
| Cost of runway lights | 42,000 | ||
| Annual cost of maintaining new runway | 21,000 | ||
| Annual incremental revenue from landing fees | 50,000 | ||
In addition to the preceding data, two other facts are relevant to the decision. First, a longer runway will require a new snowplow, which will cost $165,000. The old snowplow could be sold now for $16,500. The new, larger plow will cost $14,000 more in annual operating costs. Second, the County Board of Representatives believes that the proposed long runway, and the major jet service it will bring to the county, will increase economic activity in the community. The board projects that the increased economic activity will result in $72,000 per year in additional tax revenue for the county.
In analyzing the runway proposal, the board has decided to use a 10-year time horizon. The county’s hurdle rate for capital projects is 11 percent.
Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.)
Required:
1. Prepare a net-present-value analysis of the proposed long runway.
In: Accounting
The Utah Mining Corporation is set to open a gold mine near Provo, Utah. According to the treasurer, Monty Goldstein, “This is a golden opportunity.” The mine will cost $2,600,000 to open and will have an economic life of 11 years. It will generate a cash inflow of $365,000 at the end of the first year, and the cash inflows are projected to grow at 8 percent per year for the next 10 years. After 11 years, the mine will be abandoned. Abandonment costs will be $420,000 at the end of Year 11.
In: Finance
Part A
Which of the following is a true statement about virtual images?
You cannot see a virtual image.
A virtual image must be larger than the object
A virtual image is formed at the position from which the rays appear to have originated
A virtual image must be upside down
Part B
If an object is placed a great distance away from and in front of a converging lens such as the one shown in the video, where will its image be formed?
It will be a great distance away from the opposite side of the lens.
It will be very near the focal point on the opposite side of the lens
It will be very near the focal point on the same side of the lens
A virtual image will be formed behind the object
Part C
Which of the following positions of an object will create a real image if the lens is a converging lens as shown in the video?
This lens cannot form a real image.
The object is very far from the lens.
The object is very near to the lens.
The object is at the focal point of the lens.
Part D
Rank the image descriptions in the order that you would observe them if you were to move an object from very far away from a converging lens to very near it.
Rank the image descriptions in the order you would observe them, starting with the object far from the lens and ending with the object very near the lens.

In: Physics
Identify a restaurant or hotel market segment in your community that you feel would be a good market segment to target. Explain the marketing mix you would put together to go after this market segment.
In: Accounting