4. LO.1–LO.3 & LO.5 (MS; DOL; PV graph) You are considering buying one of two local firms (Levesque’s Bisques, and McMahon’s Clams.). Levesque uses a substantial amount of direct labor in its manufacturing operations and its salespeople work on commission.

McMahon uses the latest automated technology in manufacturing; its salespeople are salaried. The following financial information is available for the two companies:

After examining cost data, you find that the fixed cost for Levesque is $60,000; the fixed cost for McMahon is $300,000. The tax rate for both companies is 40 percent.

a. Recast the income statements into a variable costing format.

b. What are the break-even sales for each firm for each year?

c. Assume that you could acquire either firm for $1,200,000, and you want an after-tax return of 12 percent on your investment. Determine what sales level for each firm would allow you to reach your goal.

d. What is the margin of safety for each firm for each year? What is the degree of operating leverage?

e. Assume that product demand for 2021 is expected to rise by 15 percent from the 2020 level. What will be the expected net income for each firm?

f. Assume that product demand for 2021 is expected to fall by 20 percent from the 2020 level. What will be the expected net income for each firm?

What is the amount of the change in net working capital using the above financial statements ?

Smith's Inc, Inc., produces widgets for the wind chime industry. The company sells all products on accounts with net 30 day terms. The company has been without someone to assess the financial condition for some time (using only a bookkeeper to post activity to the general ledger accounts) and, therefore, is asking you to help with a more current assessment of the company’s position.

Part A: Below you will find a series of accounts that represent the trial balance of the business firm. These accounts encompass both income statement and balance sheet accounts.

2009   2010   2011

Accumulated depreciation 176,580 209,050 242,275

Retained earnings     337,602   510,731 648,528

Sales 3,702,480   3,961,654   3,981,462

Cash 35,750    62,635 86,595

Bonds payable 421,000 334,000   325,000

Accounts receivable   246,580   293,430   349,182

Depreciation expense 31,265 32,470 33,675

Common stock shares outstanding 80,000   80,000 80,000

Plant and equipment, at cost   984,021 1,026,880 1,151,210

Taxes 79,484   93,223   74,198

Accounts payable 62,685 116,696 188,569

Common stock, $1 par 75,000 75,000 75,000

Inventory   185,652 243,117 312,622

Prepaid expenses 6,575 21,525   26,325

Cost of goods sold 2,665,786   2,879,049   2,936,630

Interest expense 12,532 10,325 10,235

Selling and administrative expenses   765,800 773,458 788,927

Marketable securities 12,545 23,564 24,153

Other current liabilities   123,256   150,674   195,265

Capital paid in excess of par (common) 275,000 275,000   275,000

Part B: Based on the financial statements that were prepared with this data, complete the following financial ratio calculations and provide a narrative discussion of these results as compared to industry averages (provided.)

Ratios required:

Ratio Industry Average

1. Profit margin 3.2%

2. Return on assets (use ending assets) 6.0%

3. Return on common equity (use ending common equity) 15.6%

4. Receivable turnover (use ending receivables) 8.5 x

5. Inventory turnover (use ending inventory) 12.0 x

6.Fixed asset turnover (use ending fixed asset balance) 5.75 x

7. Total asset turnover (use ending assets) 1.89 x

8. Current ratio 3.10

9. Quick ratio 1.40

10. Debt to total assets (use ending assets) 37.0%

Your solution should include the required ratios for each year and then provide a narrative discussion regarding the results as they compare to the industry averages. This analysis should discuss whether or not Smith's Inc. is better or worse than the industry average but it should not stop there. You should also include a discussion as to why or how the difference can be explained, i.e., the reason for the variance. The final solution is to be provided in the Word document, with the module and part clearly identified. The narrative discussion will reference the appropriate ratio and the comparison to the appropriate industry average.

Smith's Inc.., produces wind chimes for the wind chime industry. The company sells all products on accounts with net 30 day terms. The company has been without someone to assess the financial condition and, therefore, is asking you to help.

Part A: Below you will find the trial balance of the business firm and need to be placed into the correct statement.

Required: Prepare a Income Statement and Balance Sheet for the company.

Part B: Based on the financial statements that were prepared with data above, complete the following financial ratio calculations and provide a narrative discussion of these results as compared to industry averages (provided.)

As shown in the figure below, a bullet is fired at and passes through a piece of target paper suspended by a massless string. The bullet has a mass m, a speed v before the collision with the target, and a speed (0.496)v after passing through the target. The collision is inelastic and during the collision, the amount of kinetic energy lost by the bullet and paper is equal to [(0.263)Kb BC] , that is, 0.263 of the kinetic energy of the bullet before the collision. Determine the mass M of the target and the speed V of the target the instant after the collision in terms of the mass m of the bullet and speed v of the bullet before the collision. (Express your answers to at least 3 decimals.)

V =  ? v

M =  ? m

Leaving home in the morning, I back down my driveway. Before entering the road, I realize I forgot my lunch and so I pull back in to my parking spot.

What is my velocity just before I realized I forgot my lunch and stopped?

What is my velocity the instant after I realized I forgot my lunch and started moving back

towards my parking spot?

A change in velocity is an acceleration. Did I accelerate, from the moment just before I

stopped the car to the moment just after I started moving back towards my parking spot?

1

A researcher wanted to know whether losing one night sleep can affect problem solving. A sample of n = 25 college students was given a problem-solving task at noon on one day and again at noon on the following day. The students were not permitted any sleep between the two tests. For each student, the difference between the first and the second score was recorded: M_D = 5 and standard deviation of the difference score was s = 10.

Do the data indicate a significant change in problem solving ability? Use a two-tailed test with α = .01.

The alternative hypothesis in words is

Group of answer choices

a.Problem solving ability improves after losing on night sleep

b. Problem solving ability is reduced after losing one night of sleep

c. There is no significant difference in problem solving ability between the two conditions: before and after losing one night of sleep

d. There is a significant difference in problem solving ability between the two conditions: before and after losing one night of sleep

1a)

The null hypothesis in symbols is

Group of answer choices

a.H0: µ1≠ µ2

b. H0: µ1> µ2

c. H0: µD= 0

d. H0: µD≠ 0

e. H0: µD> 0

f. H0: MD = 4.7

g. H0: MD ≠ 4.7

h. H0: µD≤ 0

1b) The critical t-values are

Group of answer choices

a. ±2.064

b. ±2.797

c. ±1.711

d. ±2.492

1c)The t-statistic is

1d)

Your decision is

Group of answer choices

a. Reject the null hypothesis and conclude that there is a significant difference in problem solving ability between the two conditions: before and after losing one night of sleep

b. Reject the null hypothesis and conclude that there is no significant difference in problem solving ability between the two conditions: before and after losing one night of sleep

c. Fail to reject the null hypothesis and conclude that there is no significant difference in problem solving ability between the two conditions: before and after losing one night of sleep

d. Fail to reject the null hypothesis and conclude that there is a significant difference in problem solving ability between the two conditions: before and after losing one night of sleep

1e)

Compute r² to measure the size of the treatment effect.

r² is

1f)

Report the results in APA. Include r² as a measure of the effect size.

Q.10

Women have been encouraged throughout the world to be entrepreneurs. Many reasons, some of them being to support themselves and their families; to attain the fulfillment of having started something on their own and to satisfy their desire for financial independence. Women not only create jobs for themselves and others, but also work toward growing their businesses, and constantly innovating new products and services. One such example was the partnership venture of Ms. Amna, Ms. Saeeda , Ms. Sana and Ms. Iba. This partnership firm was called as “The Beauty Salon”. Based in Qurum since inception in 2015, this SME concentrated on providing various cosmetic and beauty treatments to its clients. The company closed doors to all its clients in 2020 due to death of one of its partners, Ms. iba

You are an Independent advisor based in Muscat and is required to advise the partners of the above firm in detail about all the possible ways that this partnership could be amended. For each of the amendments, you are required to explain the procedure in detail.                               

Ron is a topnotch programmer with over twenty years experience. He prides himself on his ability to solve any problem, and produce great code. He was appointed to a project team led by LaVerne, a young analyst, given her first chance at a lead role. She gave him some DFD diagrams (that she worked very hard to do), and he became very irritated. Ron told her that she had wasted her time and his. DFD diagrams don't show what the system has to do in detail, like physical model flowcharts. Furthermore Ron tells her he doesn't need (or want) diagrams of any kind because he writes "self-documenting code". At this company, Ron is considered a genius. How should LaVerne handle this?

When using random access files in Java, the programmer is permitted to create files which can be read from and written to random locations. Assume that a file called "integers.dat" contains the following values: 25 8 700 284 63 12 50 Fill in blanks: You are required to write the following Java code statements: (a) create a new stream called, blueray, which allows the program to read from and write to the file, "integers.dat." _____________________ (b) Write a statement which will move the file pointer to the number, 700. _____________________ (c) Write a statement to display the contents currently pointed to. _____________________ (d) Write a statement which will move the file pointer from its current position, directly to the end of the file. _____________________ (e) Append the value 999999 to the file. _____________________