briefly explain the following conception.
1- TRADE FACILITATION?
2-CUSTOMS UNION?
3-NATIONAL TREATMENT?
4-PLURILATERAL AGREEMENT?
5-BOUND TARIFF?
6-NEGATIVE CONSENSUS?
In: Economics
The current asset section of Guardian Consultant’s balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2021 balance sheet reported the following: cash, $1,300,000; prepaid expenses, $360,000; long-term assets, $2,400,000; and shareholders’ equity, $2,500,000. The current ratio at the end of the year was 2.0 and the debt to equity ratio was 1.4.
Required:
Determine the following 2021 amounts and ratios:
1. Current liabilities
2. Long-term liabilities
3. Accounts receivable
4. The acid-test ratio
In: Accounting
1.(4-x^2)y''+2y=0, x0=0
(a) Seek power series solutions of the given differential equation about the given point x0; find the recurrence relation.
(b) Find the first four terms in each of two solutions y1 and y2 (unless the series terminates sooner)
. (c) By evaluating the Wronskian W(y1, y2)(x0), show that y1 and y2 form a fundamental set of solutions.
(d) If possible, find the general term in each solution.
In: Advanced Math
Problem 9-20 (Algo) Critique a Report; Prepare a Performance Report [LO9-1, LO9-2, LO9-3, LO9-4]
TipTop Flight School offers flying lessons at a small municipal airport. The school’s owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below:
| TipTop Flight School Variance Report For the Month Ended July 31 |
||||||||||
| Actual Results |
Planning Budget |
Variances | ||||||||
| Lessons | 145 | 140 | ||||||||
| Revenue | $ | 33,110 | $ | 32,200 | $ | 910 | F | |||
| Expenses: | ||||||||||
| Instructor wages | 8,510 | 8,400 | 110 | U | ||||||
| Aircraft depreciation | 4,350 | 4,200 | 150 | U | ||||||
| Fuel | 2,470 | 1,960 | 510 | U | ||||||
| Maintenance | 2,010 | 1,900 | 110 | U | ||||||
| Ground facility expenses | 1,465 | 1,480 | 15 | F | ||||||
| Administration | 3,265 | 3,340 | 75 | F | ||||||
| Total expense | 22,070 | 21,280 | 790 | U | ||||||
| Net operating income | $ | 11,040 | $ | 10,920 | $ | 120 | F | |||
After several months of using these reports, the owner has become frustrated. For example, she is quite confident that instructor wages were very tightly controlled in July, but the report shows an unfavorable variance.
The planning budget was developed using the following formulas, where q is the number of lessons sold:
| Cost Formulas | |
| Revenue | $230q |
| Instructor wages | $60q |
| Aircraft depreciation | $30q |
| Fuel | $14q |
| Maintenance | $500 + $10q |
| Ground facility expenses | $1,200 + $2q |
| Administration | $3,200 + $1q |
Required:
2. Complete the flexible budget performance report for the school for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
define them
1-Template Dependant
2-RdRp/DdRp
3-Replicase
4-transcriptase
5-helicase
6-transcription (initiation,elongation,termination)
In: Biology
In: Operations Management
In: Biology
Problem 14-18 Common-Size Statements and Financial Ratios for a Loan Application [LO14-1, LO14-2, LO14-3, LO14-4]
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $570,000 long-term loan from Gulfport State Bank, $135,000 of which will be used to bolster the Cash account and $435,000 of which will be used to modernize equipment. The company’s financial statements for the two most recent years follow:
| Sabin Electronics | ||||
| Comparative Balance Sheet | ||||
| This Year | Last Year | |||
| Assets | ||||
| Current assets: | ||||
| Cash | $ | 98,000 | $ | 220,000 |
| Marketable securities | 0 | 25,000 | ||
| Accounts receivable, net | 568,000 | 370,000 | ||
| Inventory | 1,015,000 | 665,000 | ||
| Prepaid expenses | 26,000 | 29,000 | ||
| Total current assets | 1,707,000 | 1,309,000 | ||
| Plant and equipment, net | 1,686,200 | 1,400,000 | ||
| Total assets | $ | 3,393,200 | $ | 2,709,000 |
| Liabilities and Stockholders Equity | ||||
| Liabilities: | ||||
| Current liabilities | $ | 835,000 | $ | 500,000 |
| Bonds payable, 12% | 600,000 | 600,000 | ||
| Total liabilities | 1,435,000 | 1,100,000 | ||
| Stockholders' equity: | ||||
| Common stock, $15 par | 760,000 | 760,000 | ||
| Retained earnings | 1,198,200 | 849,000 | ||
| Total stockholders’ equity | 1,958,200 | 1,609,000 | ||
| Total liabilities and stockholders' equity | $ | 3,393,200 | $ | 2,709,000 |
| Sabin Electronics | ||||
| Comparative Income Statement and Reconciliation | ||||
| This Year | Last Year | |||
| Sales | $ | 5,350,000 | $ | 4,560,000 |
| Cost of goods sold | 3,945,000 | 3,520,000 | ||
| Gross margin | 1,405,000 | 1,040,000 | ||
| Selling and administrative expenses | 667,000 | 562,000 | ||
| Net operating income | 738,000 | 478,000 | ||
| Interest expense | 72,000 | 72,000 | ||
| Net income before taxes | 666,000 | 406,000 | ||
| Income taxes (30%) | 199,800 | 121,800 | ||
| Net income | 466,200 | 284,200 | ||
| Common dividends | 117,000 | 96,000 | ||
| Net income retained | 349,200 | 188,200 | ||
| Beginning retained earnings | 849,000 | 660,800 | ||
| Ending retained earnings | $ | 1,198,200 | $ | 849,000 |
During the past year, the company introduced several new product lines and raised the selling prices on a number of old product lines in order to improve its profit margin. The company also hired a new sales manager, who has expanded sales into several new territories. Sales terms are 3/10, n/30. All sales are on account.
Required:
To assist in approaching the bank about the loan, Paul has asked
you to compute the following ratios for both this year and last
year:
a. The amount of working capital.
b. The current ratio. (Round your answers to 2 decimal
places.)
c. The acid-test ratio. (Round your answers to 2 decimal
places.)
d. The average collection period. (The accounts receivable at the
beginning of last year totaled $320,000.) (Use 365 days in a year.
Round your intermediate calculations and final answers to 2 decimal
place.)
e. The average sale period. (The inventory at the beginning of last
year totaled $570,000.) (Use 365 days in a year. Round your
intermediate calculations and final answers to 2 decimal
place.)
f. The operating cycle. (Use 365 days in a year. Round your
intermediate calculations and final answers to 2 decimal
place.)
g. The total asset turnover. (The total assets at the beginning of
last year were $2,630,000.) (Round your answers to 2 decimal
places.)
h. The debt-to-equity ratio. (Round your answers to 2 decimal
places.)
i. The times interest earned ratio. (Round your answers to 2
decimal places.)
j. The equity multiplier. (The total stockholders’ equity at the
beginning of last year totaled $1,599,000.) (Round your answers to
2 decimal places.)
| This Year | Last Year | |||
| Working capital | ||||
| Current ratio | ||||
| Acid-test ratio | ||||
| Average collection period | days | days | ||
| Average sale period | days | days | ||
| Operating cycle | days | days | ||
| Total asset turnover | ||||
| Debt-to-equity ratio | ||||
| Times interest earned ratio | ||||
| Equity multiplier | ||||
In: Accounting
Consider the second-order boundary value problem
y′′ +(2x^2 +3)y′ −y =6x, 0≤x ≤1, (4)
y(0) = 1, y(1) = 0.
(a) Rewrite the second-order equation (4) as a system of two
first-order equations
involving variables y and z. [2]
(b) Suppose that yn and zn are approximations to y(xn) and z(xn), respectively, where xn = nh, n = 0,...,N and h = 1/N for some positive integer N. Find the iterative formula when using the modified Euler method to approximate (4) with the modified boundary conditions:
y(0) = 1, y′(0) = z0.
(c) Hence, employ the shooting method, with underlying modified
Euler method, to
find approximations yn, n = 1, . . . , N to problem (4)-(5), when N = 5. [Hint: Notice that differential equation (4) is linear.]
In: Advanced Math
1-Management function
2-conflict process
3-Playing safe
4-Impression management
5-Role conflict
write a report about each of the five topics you have chosen. Your report should cover the following points:
• A thorough explanation of the topic.
• Why is the topic important for you? Why did you choose this topic in particular?
• Give a story from your own experience in which you can relate to this topic. How did you react at that time? If you can go back in time, what would you do different?
• How can you build your future career (after your graduation) using this topic?
The length of your report shall not exceed 10 pages (2 pages for each of the five topics).
In: Operations Management