Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelly Couts, who inherited the company. The company originally repaired radios and other household appliances when it was founded more than 70 years ago. Over the years, the company has expanded, and it is now a reputable manufacturer of various specialty electronic items. Jay McCanless, a recent MBA graduate, has been hired by the company in its finance department.
One of the major revenue-producing items manufactured by Conch Republic is a smartphone. Conch Republic currently has one smartphone model on the market and sales have been excellent. The smartphone is a unique item in that it comes in a variety of tropical colors and is preprogrammed to play Jimmy Buffett music. However, as with any electronic item, technology changes rapidly, and the current smartphone has limited features in comparison with newer models. Conch Republic spent $750,000 to develop a prototype for a new smartphone that has all the features of the existing one but adds new features such as wifi tethering. The company has spent a further $200,000 for a marketing study to determine the expected sales figures for the new smartphone.
Conch Republic can manufacture the new smartphone for $205 each in variable costs. Fixed costs for the operation are estimated to run $5.1 million per year. The estimated sales volume is 64,000, 106,000, 87,000, 78,000, and 54,000 per year for the next five years, respectively. The unit price of the new smartphone will be $485. The necessary equipment can be purchased for $34.5 million and will be depreciated on a seven-year MACRS schedule. It is believed the value of the equipment in five years will be $5.5 million.
Networking capital for the smartphones will be 20 percent of sales and will occur with the timing of the cash flows for the year (i.e., there is no initial outlay for NWC). Changes in NWC will thus first occur in Year 1 with the first year's sales. Conch Republic has a 35 percent corporate tax rate and a required return of 12 percent.
Shelly has asked Jay to prepare a report that answers the following questions:
How sensitive is the NPV to changes in the price of the new smartphone?
How sensitive is the NPV to changes in the quantity sold?
Should Conch Republic produce the new smartphone?
Suppose Conch Republic loses sales on other models because of the introduction of the new model. How would this affect your analysis?
In: Finance
4.9.2 Case Description You are the chief public health officer in a province of Spain. One day, a pediatrician tells you about a 13-year-old who is suspected to have measles. The child and his family attended a wedding the week before. Within 10 days, six more people who also attended the wedding were diagnosed with measles and nine secondary cases are confirmed. Of the secondary cases, seven were thought to have been exposed at school and two were in the hospital emergency ward. All cases occurred in a historic quarter of the city with a large degree of cultural, economic, religious, ethnic, and social diversity. This multicultural identity diverges from the relative homogeneity of the rest of the city. The public primary school of the historic quarter is now the focal point of the outbreak. There are 216 students enrolled in the school. You order two initial public health measures outlined in the regional health ministry’s Alert Protocol for Measles: (1) that a letter be sent to parents asking them to bring their child’s vaccination booklet to the school, and (2) that a meeting be held with the parents to have health professionals inform them about the disease and the immunization process. As a result of the letter, the parents of 137 children take the vaccine booklet to the school, which shows a low degree of measles vaccine coverage (60 %). Those children not immunized are then vaccinated with their parents’ consent. However, the parents of 79 children fail to bring the vaccine booklet to the school. In the parent meeting, some of the parents express their support for the antivaccination movement. They express sentiments such as “the disease is a natural process, so we prefer to organize measles parties;” “risk of measles is very low, but vaccines are toxic poisons;” “a lot of hidden complications of vaccines exist, for example, autism;” and “Big Pharma and politicians are looking out for profits, not for the welfare of our kids.” They also allege, “vaccination is not obligatory in Spain, and we have a right to educate our children in accordance with our values.” These remarks generated a heated dispute between parents for and against vaccination. The majority of parents seem misinformed about the risks and benefits of vaccination and do not even know the immunization status of their own children. The next day, the measles outbreak at the school comes to the attention of the local and national media. Alarmist messages and negative stories about anti-vaccination groups grab headlines. There are stories that seem to blame the outbreak on the cultural diversity of the historic quarter. You worry that the negative media reports may stigmatize the people living in this quarter or, even more worrisome; blame specific religious or ethnic groups. Therefore, you consider adopting additional public health measures such as maximizing surveillance in the city, controlling emergency rooms to decrease (or eliminate) transmission, and vaccinating health professionals and children under 6 months. You also consider having unvaccinated children stay home, but health authorities reject the idea, alleging it would violate the right to education. Little by little, a number of parents consent to having their children vaccinated, or the children are stricken and become immune. Nevertheless, new cases linked to the school continue to occur. In the regional health ministry, attention is turned to the possibility of requiring vaccination via a court order, citing a fundamental law that enables such exceptional actions in public health emergencies. Finally, a request is put to the judge to authorize the enforced vaccination of 35 children. He does and you inform the parents. Two nurses, accompanied by a police officer, visit the houses one by one. The majority of the parents give consent to the vaccination. Ten days later, only nine children remain unvaccinated as a result of the refusal of their parents. You inform the judge that the number is so low that the situation of special risk generated has now been overcome. You suspend compulsory vaccinations. Since the first case was diagnosed, 10 months have elapsed. A total of 308 cases have been confirmed, 96 in minors younger than 1 year old. And 71 patients required hospitalization (23 %), including five adults.
4.9.3 Discussion
Questions 1.What are the values, ethical principles, and rights that come into conflict in this case? If it is not possible to respect all of them, how should they be prioritized?
2.Is the decision to allow unvaccinated children to attend the school justified?
3.Think of a solution that adequately balances the freedom of choice of parents who are against vaccination with the protection of the health of a community where vaccination is not compulsory.
4.Was there sufficient epidemiological risk to justify the court order? Were there other possible solutions? Once the judicial measure had been adopted, why was it not pursued to its conclusion? Does the argument to suspend administering vaccines provide sufficient grounds for this decision?
5.Once the outbreak has subsided, what measures should be introduced to avoid further outbreaks? If the vaccination rate in the country later falls and new out- breaks occur, should the government consider mandatory vaccination?
In: Nursing
A large sports supplier has many stores located world wide. A regression model is to be constructed to predict the annual revenue of a particular store based upon the population of the city or town where the store is located, the annual expenditure on promotion for the store and the distance of the store to the center of the city.
Data has been collected on 30 randomly selected stores: show data
a)Find the multiple regression equation using all three explanatory variables. Assume that X1 is population, X2 is annual promotional expenditure and X3 is distance to city center. Give your answers to 3 decimal places.
y^ = + population + promo. expenditure + dist. to city
b)At a level of significance of 0.05, the result of the F test for this model is that the null hypothesis is, is not rejected.
For parts c) and d), using the data, separately calculate the correlations between the response variable and each of the three explanatory variables.
c)The explanatory variable that is most correlated with annual revenue is:
population
promotional expenditure
distance to city
d)The explanatory variable that is least correlated with annual revenue is:
population
promotional expenditure
distance to city
e)The value of R2 for this model, to 2 decimal places, is equal to
f)The value of se for this model, to 3 decimal places, is equal to
g)Construct a new multiple regression model by removing the variable distance to city center. Give your answers to 3 decimal places.
The new regression model equation is:
y^ = + population + promo. expenditure
h)In the new model compared to the previous one, the value of R2 (to 2 decimal places) is:
increased
decreased
unchanged
i)In the new model compared to the previous one, the value of se (to 3 decimal places) is:
increased
decreased
unchanged
In: Statistics and Probability
Tough-Built Corporation produces specialized truck body
components, specializing in hydraulic lifts for dump trucks.
Founded 35 years ago by George Halloway, the firm now employs 150
workers and has annual sales of over $10 million. George operates
the firm in a highly centralized way, and retains control over all
changes in operations. He is a regular visitor to the production
area, which helps him "keep his finger on the pulse of the
firm."
Although George Halloway is now 67 years old, he has no apparent
management successor, and has always hand-picked his department
heads and staff personnel. He has been generous to those who worked
for him, paying substantial bonuses each year to the employees
based on his personal evaluation of each worker. Just six weeks
ago, a heart attack convinced George to consider retirement, and he
decided to sell the firm to his employees. You are assigned the
task of recommending a set of strategic performance measures for
the firm, assuming that the new worker management wants to operate
as a decentralized firm.
Required:
What major management problems do you foresee in the transition
from sole owner to employee ownership?
In: Accounting
|
The Town of Bedford Falls approved a General Fund operating budget for the fiscal year ending June 30, 2017. The budget provides for estimated revenues of $2,700,000 as follows: property taxes, $1,900,000; licenses and permits, $350,000; fines and forfeits, $250,000; and intergovernmental (state grants), $200,000. The budget approved appropriations of $2,650,000 as follows: General Government, $500,000; Public Safety, $1,600,000; Public Works, $350,000; Culture and Recreation, $150,000; and Miscellaneous, $50,000. |
| Required |
| a&b. |
Prepare the journal entry (or entries), to record the Town of Bedford Falls’s General Fund operating budget on July 1, 2016, the beginning of the Town’s 2017 fiscal year and also record the following transactions that occurred during the month of July 2016. Also show entries in the subsidiary ledger accounts, to record the Town of Bedford Falls’s General Fund operating budget on July 1, 2016, the beginning of the Town’s 2017 fiscal year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) |
| 1. |
Revenues were collected in cash amounting to $31,000 for licenses and permits and $12,000 for fines and forfeits. |
| 2. |
Supplies were ordered by the following functions in early July 2016 at the estimated costs shown: |
| General Government | $ | 7,400 |
| Public Safety | 11,300 | |
| Public Works | 6,100 | |
| Culture and Recreation | 4,200 | |
| Miscellaneous | 900 | |
| Total | $ | 29,900 |
| 3. |
During July 2016, supplies were received at the actual costs shown below and were paid in cash. General Government, Culture and Recreation, and Miscellaneous received all supplies ordered. Public Safety and Public Works received part of the supplies ordered earlier in the month at estimated costs of $10,700 and $5,900, respectively. |
| Actual Cost | Estimated Cost | |||||
| General Government | $ | 7,300 | $ | 7,400 | ||
| Public Safety | 10,800 | 10,700 | ||||
| Public Works | 6,100 | 5,900 | ||||
| Culture and Recreation | 4,100 | 4,200 | ||||
| Miscellaneous | 900 | 900 | ||||
| Total | $ | 29,200 | $ | 29,100 | ||
Record the Town of Bedford Falls’s General Fund operating budget on July 1, 2016, the beginning of the town’s 2017 fiscal year.
Revenues were collected in cash amounting to $31,000 for licenses and permits and $12,000 for fines and forfeits.
Record the issuance of the purchase orders and contracts.
Record the issuance of the purchase orders and contracts.
Record the cash paid for expenses.
|
|
|||||||||||||||||||||||||
|
TOWN OF BEDFORD FALLS
| Revenues Ledger | |||
| Account Description | Est Revenues Dr (Cr) | Revenues Cr (Dr) | Balance Dr (Cr) |
| Taxes | |||
| Budget | 0 | ||
| 0 | |||
| Licenses and Permits | |||
| Budget | 0 | ||
| Cash collected | 0 | ||
| Fines and Forfeits | |||
| Budget | 0 | ||
| Cash collected | 0 | ||
| Intergovernmental Revenues | |||
| Budget | 0 | ||
| 0 | |||
TOWN OF BEDFORD FALLS
| Appropriations, Expenditures, and Encumbrances Ledger | |||||||
| Encumbrances | Expenditures | ||||||
| Account/Description | Increase Dr | Decrease (Cr) | Balance Dr (Cr) | Increase Dr (Cr) | Balance Dr (Cr) | Appropriations Cr (Dr) | Balance Cr (Dr) |
| General Government | |||||||
| Appropriations | |||||||
| Order of Supplies | 0 | ||||||
| Supplies received | |||||||
| Public Safety | |||||||
| Appropriations | |||||||
| Order of Supplies | 0 | ||||||
| Supplies received | |||||||
| Public Works | |||||||
| Appropriations | |||||||
| Order of Supplies | 0 | ||||||
| Supplies received | |||||||
| Culture and Recreation | |||||||
| Appropriations | |||||||
| Order of Supplies | 0 | ||||||
| Supplies received | |||||||
| Miscellaneous | |||||||
| Appropriations | |||||||
| Order of Supplies | 0 | ||||||
| Supplies received | |||||||
| c. |
Calculate the amount of budgeted but unrealized revenues in total and from each source as of July 31, 2016. |
Source
| Budgeted | Actual | Unrealized Revenue | |
| Property Taxes | $0 | ||
| Licenses and Permits | 0 | ||
| Fines and Forfeits | 0 | ||
| Intergovernmental | 0 | ||
| Total | $0 | $0 | $0 |
| d. |
Calculate the amount of available appropriation in total and for each function as of July 31, 2016. |
|
In: Accounting
Following is the governmental activities pre-closing trial
balance for the Town of Freaz. Freaz is a relatively small town
and, as a result, it has only governmental funds (i. e., it uses no
proprietary funds). There are no component units. To complete the
financial statements for its annual report, the town must prepare a
government-wide statement of net position and a statement of
activities.
| TOWN OF FREAZ | |||||||||
| Pre-closing Trial Balance | |||||||||
| As of June 30, 2020 | |||||||||
| (000s omitted) | |||||||||
| Debits | Credits | ||||||||
| Cash | $ | 3,639 | |||||||
| Investments | 7,299 | ||||||||
| Taxes Receivable—Delinquent | 5,788 | ||||||||
| Allowance for Uncollectible Delinquent Taxes | $ | 49 | |||||||
| Due from Other Funds | 645 | ||||||||
| Due from Other Governments | 6,343 | ||||||||
| Land | 8,720 | ||||||||
| Buildings | 25,680 | ||||||||
| Accumulated Depreciation—Buildings | 8,021 | ||||||||
| Infrastructure | 85,768 | ||||||||
| Accumulated Depreciation—Infrastructure | 45,603 | ||||||||
| Machinery & Equipment | 28,720 | ||||||||
| Accumulated Depreciation—Machinery & Equipment | 13,785 | ||||||||
| Accounts Payable | 7,764 | ||||||||
| Accrued Liabilities | 4,765 | ||||||||
| Due to Other Funds | 748 | ||||||||
| Current Portion of Long-term Debt | 8,600 | ||||||||
| Bonds Payable | 28,700 | ||||||||
| Net Position—Net Investment in Capital Assets | 45,259 | ||||||||
| Net Position—Restricted for Debt Service | 2,123 | ||||||||
| Net Position—Unrestricted | 6,598 | ||||||||
| Program Revenues—General Government—Charges for Services | 4,411 | ||||||||
| Program Revenues—Public Safety—Charges for Services | 996 | ||||||||
| Program Revenues—Culture & Recreation—Charges for Services | 359 | ||||||||
| Program Revenues—General Government—Operating Grants & Contributions | 307 | ||||||||
| Program Revenues—Public Works—Capital Grants & Contributions | 1,680 | ||||||||
| General Revenues—Property Taxes | 13,665 | ||||||||
| General Revenues—Interest & Penalties | 746 | ||||||||
| General Revenues—Interest Income | 345 | ||||||||
| Expenses—General Government | 2,468 | ||||||||
| Expenses—Public Safety | 11,577 | ||||||||
| Expenses—Public Works | 5,311 | ||||||||
| Expenses—Culture & Recreation | 1,817 | ||||||||
| Expenses—Interest on Long-term Debt | 749 | ||||||||
| $ | 194,524 | $ | 194,524 | ||||||
The restricted net position for debt service increased $87 for FY
2020. The net position accounts do not reflect FY 2020 depreciation
of $1,080 that was allocated to the functions of government, or the
town’s decision to designate $900 for street repair. (All 000s
omitted.)
Required
Using the trial balance provided by the town, prepare a
government-wide statement of net position. (Enter your
answers in thousands.)
Answer is complete but not entirely correct.
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Need the answer of last two
| Designated—Street Repair | 647 answer incorrect | |
| Undesignated | 6,598 answer incorrect |
In: Accounting
In: Advanced Math
The city of Stay at Home counted 150,000 people in the 1970s, when its wastewater treatment plant was built. Because of a recent economic boom, the city has been growing at a fast rate and new developments will bring the total population to 350,000 people within 10 years from now. There is no more footprint available to expand the existing plant, which is land locked in the middle of an industrial zone. The city council, therefore, decided to build a new plant on the other side of the town. This new plant will be designed to treat the wastewater from the additional 200,000 people. You are the designer. Analysis of the last 5 years of operating data shows that the old plant received an average volume of 15 million gallon per day (MGD) with an average BOD5 concentration of 250 mgBOD5/L and an average TSS concentration of 270 mgTSS/L. This average BOD5 and TSS data will be used as the reference to calculate the wastewater concentration and mass expected to be supplied to the new system. We know that the new houses and buildings that will be connected to the new plant will be much more water efficient (through a mandate for the new homes to use high efficiency water fixture and a mandate for the new buildings to treat and recycle wastewater onsite). It is, therefore, expected that customers connected to the new wastewater treatment plant will use half the volume of water used by customers connected to the old system. In order to estimate the new plant BOD5 and TSS mass loading, you assumed that, although people connected the new system will use half the amount of water, the mass of waste contributed by each person connected to both the old and new plants will be the same.
3. What is the BOD5 mass loading to the old plant? (answer will be given in the unit of lbBOD5/day)
4. What is the TSS mass loading to the old plant? (answer will be given in the unit of lbBOD5/day)
5. What are the average BOD5 and TSS mass loading per person to the old plant? In other words, in average, how much does each individual person contributes to the old plant BOD5 and TSS mass loading? (answers will be given in the unit of lb/person*day)
6. Based on the assumptions from the design team, what will the BOD5 and TSS mass loading to the new plant be? Remember that the mass of waste contributed by each person connected to both the old and new plants will be the same but that there will be more people connected to the new system.
7-What are the expected average BOD5 and TSS concentrations of the wastewater entering the new plant? (answer will be given in the unit of mg/l). Remember that the people connected to the new plant will use half the volume of
In: Civil Engineering
Here are summary statistics for randomly selected weights of newborn girls:
nequals=229,
x overbarxequals=28.8
hg,
sequals=7.7
hg. Construct a confidence interval estimate of the mean. Use a
95%
confidence level. Are these results very different from the confidence interval
26.8
hgless than<muμless than<30.2
hg with only
18
sample values,
x overbarxequals=28.5
hg, and
sequals=3.5
hg?
What is the confidence interval for the population mean
muμ?
nothing
hgless than<muμless than<nothing
hg (Round to one decimal place as need
In: Statistics and Probability
Here are summary statistics for randomly selected weights of newborn girls:
nequals=211211,
x overbarxequals=27.127.1
hg,
sequals=6.76.7
hg. Construct a confidence interval estimate of the mean. Use a
9898%
confidence level. Are these results very different from the confidence interval
25.725.7
hgless than<muμless than<29.329.3
hg with only
1414
sample values,
x overbarxequals=27.527.5
hg, and
sequals=2.52.5
hg?What is the confidence interval for the population mean
muμ?
nothing
hgless than<muμless than<nothing
hg (Round to one decimal place as needed.)
Enter your answ
In: Statistics and Probability