Questions
2010 2009 Sales $      4,400 $      3,760 Cost of goods sold           2,500           2,750

2010

2009

Sales

$      4,400

$      3,760

Cost of goods sold

          2,500

          2,750

Gross margin

          1,900

          1,010

Operating expenses

             750

             380

Operating income

          1,150

             630

Interest expense

             250

             130

Income before taxes

             900

             500

Income taxes (25%)

             225

             125

Net income

$          675

$          375

a. In a common-size analysis, what percentage would you show for Income taxes for 2010?

5.50%
-5.60%
18.50%

5.11%

b. In a vertical, common sized analysis, what percentage would you show for Operating expenses for 2009?

10.11%
17.05%
8.80%
10.30%

c.

What percentage of sales was the gross profit margin in 2010?

56.82%
43.18%
26.86%
73.14%

In: Accounting

Calculate Payroll Breakin Away Company has three employees—a consultant, a computer programmer, and an administrator. The...

Calculate Payroll

Breakin Away Company has three employees—a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:

Consultant Computer Programmer Administrator
Regular earnings rate $4,000 per week $60 per hour $50 per hour
Overtime earnings rate* Not applicable 1.5 times hourly rate 2 times hourly rate
Number of withholding allowances 2 1 2
*For hourly employees, overtime is paid for hours worked in excess of 40 hours per week.

For the current pay period, the computer programmer worked 50 hours and the administrator worked 48 hours. The federal income tax withheld for all three employees, who are single, can be determined from the wage bracket withholding table in Exhibit 2. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $75.

Determine the gross pay and the net pay for each of the three employees for the current pay period. If required, round your answers to two decimal places.

Consultant Computer Programmer Administrator
Gross pay $4,000 $3,300 $2,800
Net pay $ $ $

In: Accounting

alculate Payroll K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The...

alculate Payroll

K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:

Consultant Computer Programmer Administrator
Regular earnings rate $2,610 per week $36 per hour $46 per hour
Overtime earnings rate Not applicable 2 times hourly rate 1.5 times hourly rate
Federal income tax withheld $920 $239 $500

For hourly employees, overtime is paid for hours worked in excess of 40 hours per week.

For the current pay period, the computer programmer worked 55 hours and the administrator worked 65 hours. Assume further that the social security tax rate was 6%, and the Medicare tax rate was 1.5%.

Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.

Consultant Computer Programmer Administrator
Gross pay $fill in the blank 1 $fill in the blank 2 $fill in the blank 3
Net pay $fill in the blank 4 $fill in the blank 5 $fill in the blank 6

In: Accounting

Right after the poll stations are closed at 17:00, a political candidate receives the information that...

Right after the poll stations are closed at 17:00, a political candidate receives the
information that out of the 50 people interviewed her approval “count” is 24. As a statistics
lover, she immediately tests the null hypothesis that her population approval rate is less than
or equal 0.50 against its respective alternative, at the 5% level of statistical significance. What
is the conclusion of this test? Suppose in every consecutive 15 minutes, number of people
interviewed increases by 5 and approval count increases by 4. Find the earliest time, HH:MM,
that she can declare her victory based on her tests of hypotheses. Note that a formal
statistical/algebraic solution is expected with proper terminology and notation.

In: Statistics and Probability

Gear Company records $2,000 of depr eciation under the sum-of-ye ars’-digits method in 2019, the company’s...

Gear Company records $2,000 of depr

eciation under the sum-of-ye

ars’-digits method in

2019, the company’s first year

of operations. In 2020, the comp

any decides to change to the

straight-line method f

or accounting purposes. If the straight-l

ine method were used in 2019,

depreciation would have b

een $1,500. Depreciation in 2020 under

the straight-line method is

$1,800 (depreciated based on the

book value on January 1, 2020)

. The tax rate is 25%.

Income from continuing operati

ons before tax and before deducti

ng depreciation in 2020 is

$12,000.

REQUIRED:

Provide the 2020 entry to record t

his change and calculate 2020

net income.

In: Accounting

1. From 2010-2020 the median home value in the city of Fort William grew exponentially. The...

1. From 2010-2020 the median home value in the city of Fort William grew exponentially. The median home value during this time period changed by 12% per year.

  1. If the 1-year percent change is 12%, what is the 1-year growth factor?

  2. Use your answer to part (a) to complete the following table of values showing the median home value in Fort William at various times.

    years since the beginning of 2010, tt median home value in Fort William (in dollars)
    0 182,400
    1 204,288
    2
    3.25 263,623
    4.25
    5.25
  3. Define a function ff that models the median home value in Fort William tt years since the beginning of 2010 (assuming 0≤t≤10). Be sure to use function notation.

2.    A city's population grows exponentially by 5% per year.

  1. What is the 1-year growth factor for the population?

  2. Fill in the missing information in the table below.

    years since the beginning of 2015, n the city's population, p=g(n)
    0 160,000
    1 168,000
    2 176400
    4.25 196,800
    5.25 206711

c. Define a function g to model the citys population n years since the beginning of 2015.

3. The given table of values represents an exponential function (that is, a relationship where the growth factor is constant for the same size changes in x).

x y=f(x)
-1 384
0 576
1 864
2 1,296
  1. Use the entries in the table to determine the 1-unit growth factor for y in this relationship.

    The 1-unit growth factor is .

  2. The 1-unit percent change for values of y is %

  3. Define a formula for function f. Be sure to use function notation.

  4. Fill in the missing entries in the table. Note: Pay close attention to how the values of x change. Not all changes are 1 unit. You can also use the formula you defined.

x y=f(x)
-1 384
0 576
1 864
2 1,296
3
5
14,762.25

In: Math

The population from 1975 to 2015 are given below Year 1980 1995 2010 2020 Population In...

The population from 1975 to 2015 are given below

Year

1980

1995

2010

2020

Population In 1000s

10

20

32

44

  1. Use the data given in the table to draw the population – time relation in X-Y graph
  2. Use the Graphical extension Method to find the population in 2050
  3. According to the plotted graph, use only one method (Geometric Increase method or Arithmetic Increase method) to find the population in 2050 (Explain why you select this method)
  4. Use the estimated population in 2050 to design the main sewer pipe running 0.6 times full at maximum discharge. The water supplied from the water works to the town is at a rate of 200 LPCD. The manning’s n = 0.015 for the pipe material and permissible slope is 1 ‰. Variation of n with depth may be neglected. Check for minimum and maximum velocity assuming that the groundwater level is lower than the sewer pipe level.

In: Civil Engineering

1-Jan2010 ND 4-Jan-2010 92.5500 3-Jan-2011 81.5600 2-Jan-2012 ND 3-jan-2012 76.6700 1-Jan-2013 ND 2-Jan-2013 87.1000 1-Jan-2014 ND...

1-Jan2010

ND

4-Jan-2010

92.5500

3-Jan-2011

81.5600

2-Jan-2012

ND

3-jan-2012

76.6700

1-Jan-2013

ND

2-Jan-2013

87.1000

1-Jan-2014

ND

2-Jan-2014

104.8400

1-Jan-2015

ND

2-Jan-2015

120.2000

1-Jan-2016

ND

4-Jan-2016

119.3000

2-Jan-2017

ND

3-Jan-2017

117.6800

1-Jan-2018

ND

2-Jan-2018

112.1800

1-Jan-2019

ND

2-Jan-2019

109.2200

1-Jan-2020

ND

2-Jan-2020

108.4300

Look at the data for the Japanese yen from 2000 to the present. Assume that you were in Tokyo for New Year’s Eve from January 1, 2010 to January 1 this year and bought a bento (box lunch) for 1000 yen each year. Convert this amount to dollars for the first day in January that data is available for each of the years you were in Tokyo.

  1. Create a chart that plots the dollar price of the bento box overtime on each of the days in January you used.
  2. Has the dollar appreciated or depreciated against the yen during this time period?
  3. What the least amount in dollars that your box lunch cost ($ amount and date)?
  4. What the most amount in dollars that your box lunch cost ($ amount and date)? please Make sure you calculate the US$ price of the bento box for every January between 2010 and the present. please no handwriting

In: Economics

Technological innovation is an extended concept of innovation. Technological Innovation, however focuses on the technological aspects...

Technological innovation is an extended concept of innovation. Technological Innovation, however focuses on the technological aspects of a product or service rather than covering the entire organisation business model. There are both advantages and disadvantages of technological innovation. Briefly present these advantages and disadvantages.n

In: Computer Science

Technology innovation is an extended concept of innovation. Technological innovation, however focuses on the technological aspects...

Technology innovation is an extended concept of innovation. Technological innovation, however focuses on the technological aspects of a product or service rather than covering the entire organisation business model. There are both advantages and disadvantages of Technology innovation. Briefly present these adavantages and disadvantages.

In: Computer Science