1. How does the built-in RS latch in the miscellaneous digital parts bin differ from the NAND gate circuit in E6A-1.MS7?

2. Do the type-D and JK flip flops respond to the same clock edge?

3. Explain how toggle mode is the same as division by two.

4. What is the difference between a synchronous input (D, J, or K) and an asynchronous input (PR or CLR)?

Evaluating Staffing Process Results The Keepon Trucking Company (KTC) is a manufacturer of custom-built trucks. It does not manufacture any particular truck lines, styles, or models. Rather, it builds trucks to customers’ specifications; these trucks are used for specialty purposes such as snow removal, log hauling, and military cargo hauling. One year ago, KTC received a new, large order that would take three years to complete and required the external hiring of 100 new assemblers. To staff this particular job, the HR department manager of nonexempt employment hurriedly developed and implemented a special staffing process for filling these new vacancies. Applicants were recruited from three sources: newspaper ads, employee referrals, and a local employment agency. All applicants generated by these methods were subjected to a common selection and decision-making process. All offer receivers were given the same terms and conditions in their job offer letters and were told there was no room for any negotiation. All vacancies were eventually filled. After the first year of the contract, the manager of nonexempt employment, Dexter Williams, decided to pull together some data to determine how well the staffing process for the assembler jobs had worked. Since he had not originally planned on doing any evaluation, Dexter was able to retrieve only the following data to help him with his evaluation:

1. Determine the yield ratios (offer receivers/ applicants, new hires/ applicants), elapsed time or cycle times (days to offer, days to start), and retention rates associated with each recruitment source.

2. What is the relative effectiveness of the three sources in terms of yield ratios, cycle times, and retention rates?

3. What are some possible reasons for the fact that the three sources differ in their relative effectiveness?

4. What would you recommend Dexter do differently in the future to improve his evaluation of the staffing process?

Heneman III, Herbert. Staffing Organizations (p. 683). McGraw-Hill Higher Education.

Instructions tell you how to get the data in R

R has built in dataset called Iris. This famous (Fisher's or Anderson's) iris data set gives the measurements in centimeters of the variables sepal length and width and petal length and width, respectively, for 50 flowers from each of 3 species of iris. The species are Iris setosa, versicolor, and virginica. We are interested in estimating the length of Petal (Y) using the length of Sepal (X).

First, load the dataset using the following command: data("iris")

You can find the general information about this data by typing: summary(iris)

1. Find the estimated regression line equation.

2. Find the predicted length of Petal when the length of Sepal is 5.5

3. Conduct a hypothesis testing that the regression slope. (H0: beta1 =0 vs Ha: beta1 =/= 0)

4. Find the ANOVA table of the regression

5. Find the coefficient of determination (R²) value and interpret it.

Mawn Company bought land and built a warehouse during 2016. It improperly debited the following related costs to an account titled Land and Buildings:

Land purchase $22,000

Demolition of old building $3,000

Legal fees for land acquisition $1,500

Capitalized interest on loan for construction of building $2,900

Building construction $53,000

Assessment by city for sewer connection—city is responsible for maintenance $1,200

Landscaping (expected to be permanent in nature) $3,500

Equipment purchased for excavation $18,800

Pro rata portion of fixed overhead incurred during construction of building $15,000

Insurance on building during construction $1,000

Profit on construction $12,000

Compensation for injury to construction worker (not covered by the insurance policy purchased by Mawn) $3,000

Modifications to building ordered by building inspectors (due to poor planning by Mawn) $7,500

Deliquent property taxes on land paid in 2016 (land was purchased during the year) $2,500

Required: Prepare the correcting entries on December 31, to properly reclassify the preceding items.

You and your new partner have successfully built a prototype of your personal tax product and have attracted the attention of investors. You have identified that you need to raise between $500k and $1 million to build out your development team and start early marketing efforts to start testing if you have product market fit. Through your connections, you have raised the interest of some investors. After presenting your idea to several, you have early deal terms from 4 different investors that you and your partner need to evaluate.

Two of the deals are proposing to invest $20-25 million in your business and are being led by traditional venture capital firms. The other two deals are from angel investors and are in line with your original ask of $500k-$1M. You have determined that, all things being equal, you like all 4 investors and think they can add value. Your decision at this point is going to be based purely on the numbers.

Here are the deals:

Deal #1 - VC:

Investment: Pre-Money Valuation: Stock Option Pool: Liquidation Preference:

Deal #2 - VC:

Investment: Pre-Money Valuation: Stock Option Pool Liquidation Preference:

Deal 3 – Angel:

Investment Pre-Money Valuation Stock Options Pool: Liquidation Preference

Deal 4 – Angel:

Investment
Pre-Money Valuation Stock Options Pool: Liquidation Preference:

$20 million
$40 million
25% taken from founder’s equity 1x fully participating

$25 million
$35 million
20% taken from founders equity 1x fully-participating

$750,000
$1,250,000
20% taken from founders equity 1x non-participating

$1,000,000
$2,000,000
25% taken from founders equity 1x non-participating

Question 2A:? You have 2 very different types of deals from 4 different investors. Should you take more money than you originally thought and pursue the two venture capital deals, or should you focus on the two angel deals that are closer to your original ask of $500,000-$1,000,000. What factors should you consider? Choose either the VC deals (1&2) or the Angel deals (3&4) and justify. (20pts)

Question 2B?: Depending on which direction you chose from part A (VC or Angel), evaluate the two deals (either 1&2 or 3&4). Calculate/evaluate the following: (20pts)

What is the Post-Money Valuation in each deal

How is the equity split between investors, stock options pool, and founders in each deal

Which of the two deals, based purely on the numbers, do you accept – be sure to tell me

why.

Question 2C?: Congrats, it is 2 years after you took the investment and you have an offer to sell the company! Based on the Liquidation Preference of EACH of the 4 deals, tell me which deal is better for the founders in each of the two cases (VC and Angel). The offer to buy the company is for $60 million dollars. Be sure to show calculations (20pts)

Rebecca has built a very profitable business, and she credits the entrepreneurship program at her alma mater for a lot of her success. She would like to donate money to her old school to help one worthy graduate each year establish his or her own business. She will donate the money today, with the understanding that the first award will go to a graduate of this yearʹs junior class. (That is, the first award will be made two years from now.) Her alma mater is able to invest the funds at a constant, annual, tax -free rate of 5%. How much must her donation need be if she would like for the annual award to be $150000 a year and wants the program to continue forever, even after she is no longer around? Round up your answer to the nearest thousand dollar.

You understand that the built-in gain on inherited property escapes taxation in almost all cases because (i) relatively few Americans die with estates large enough to attract the federal estate tax and (ii) beneficiaries receive inherited property with a FMV basis (not to mention the minor detail that inherited property is automatically long-term). What is your view of this specific aspect of the federal income tax system – i.e., the treatment of inherited property?

Week 5 Project

Built Right Bike Company (BRBC) is an established manufacturer of quality bicycles. They manufacture three styles of bicycles.

Bicycle A is a popular racing bicycle primarily sold to dealers in the bicycle racing circuit. Their material is lightweight and durable with detachable joints for easy disassembly and storage. This market has been declining over the past couple of years.

Bicycle B is a sturdy leisure bike typically sold to resorts for use by vacationers. This market is stable with regular replacement bikes ordered as well as new resorts and hotel expansions.

Bicycle C is the usual bicycle used by families and children and is the primary bicycle sold by the company outlet store Buy-Right Bike Shop (BRBS).

Budgeted financial Information is provided below.

Instructions:

Add two new sheets to your Excel workbook: one for BRBC calculations and one for BRBC Income Statement.

1) Compare using process costing, job costing, or activity-based costing to determine the best costing for BRBC.

2) Calculate the profitability of each product line if the volume increases by 10% each.

3) Calculate the profitability of each product line if the volume decreases by 10% each.

4) Explain the results of 1 & 2 above.

5) Based on this information determine the answers to the following:

a) Should BRBC stop making bicycle A? What is the impact of dropping Bike A from the line of products? Assume the other two product lines will not change in volumes or selling prices.

b) Should the price of Bike C be lowered? Consider the volume sold to sister company BRBS at only $52 per bike, which is eliminated when the corporation financial statements are consolidated. What happens if the price to all others is reduced to $75, and an additional 20,000 bikes were sold at this lower price (not counting the intercompany BRBS sales)

c) Should the company change its advertising focus? What would be the impact of increasing Bike C's volume and decrease in Bike A's volume by 10,000 units each? Disregard units sold to sister company BRBS.

d) Should the price of Bike C be lowered with the change to advertising focus? What is the impact if we lower the price of Bike C to $75 and shift advertising focus more to Bike C, potentially decreasing Bike A volume by 10,000 bikes and increasing Bike C volume by 30,000 bikes.

6) Based on your findings for a-d above, create the ACTUAL 2018 Income Statement for BRBC using your recommendations.

[The following information applies to the questions displayed below.]

Built-Tight is preparing its master budget for the quarter ended September 30, 2017. Budgeted sales and cash payments for product costs for the quarter follow:

Sales are 20% cash and 80% on credit. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $15,000 in cash; $44,600 in accounts receivable; and a $4,600 balance in loans payable. A minimum cash balance of $15,000 is required. Loans are obtained at the end of any month when a cash shortage occurs. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($3,600 per month), and rent ($6,100 per month).

Prepare a cash receipts budget for July, August, and September.

Prepare a cash budget for each of the months of July, August, and September.

41.      Which of the following can be calculated using built-in functions in spreadsheet programs?

42.      When using the internal rate of return to evaluate investment alternatives, which rate would analysts specify?

43.      What is a general type of long-term capital investment that companies make?

44.      Systematic feedback to planners based on audits creates an environment in which planners will find less temptation to

45.      What should a firm do to reduce the temptation for planners to inflate their estimates of the benefits associated with the project to get it approved?