The first cost, life, and annual benefit for a prospective project are uncertain. Optimistic (OP), most likely (ML), and pessimistic(PS) estimates are given. If the interest rate is 20%, what is the expected NPV?

Most of the first portion of our class explored the changes brought about by massive industrialization, urbanization, and immigration during the late nineteenth and early twentieth centuries. Which TWO of these three do you believe are the most important for understanding American history and why

One of your favorite clients comes in to discuss a dilemma she is having. She is offering a new product, and she would like to offer a sales incentive to encourage customers to try it. The offer would be for a 25% refund of the sale price. Customers would submit proof of purchase with a refund form and the refund would be mailed to them.

Her question is how to record revenues when a refund is being offered. Customers will be given several months to send in for the refund and at the end of the quarter she will not be able to estimate the amount of refunds that will be paid out. She is however confident in her estimate of gross revenue on sales of this product for the next quarter of $75,000 and cost of goods sold of 65% of revenue.

Luckily for you, you are a genius when it comes to using the codification. Finding a solid answer for her on how to record revenue with a refund offer will only take a few minutes.

You think this through and develop your response.

Define the issue:

Determine path:

Identify alternatives:

Cite relevant codification §s:

1. Current US Treasury Markets indicate that the bonds will rise and proxies for risk-free-rates will fall.

a. How will this impact nominal rates and risk premiums?

b. What are the implications of falling risk-free-rates?

2. Design a falling-edge triggered SR flip-flop with an active-high asynchronous clear.

a) Draw the logic symbol and a truth table.

b) Write a complete VHDL model (entity and behavioral architecture)

Some economists have observed that the standard of living for the poorest third of the world is falling behind the standard for the rest of the world and is not improving very quickly. What are some factors that might influence the economic status of such countries?

1. Construct an interaction plot for these data in Minitab.

Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2020. 1. Sales: quarter 1, 29,200 bags; quarter 2, 43,200 bags. Selling price is $ 61 per bag. 2. Direct materials: each bag of Snare requires 5 pounds of Gumm at a cost of $ 3.80 per pound and 6 pounds of Tarr at $ 1.50 per pound. 3. Desired inventory levels: Type of Inventory January 1 April 1 July 1 Snare (bags) 8,400 12,200 18,200 Gumm (pounds) 9,200 10,200 13,500 Tarr (pounds) 14,300 20,400 25,400 4. Direct labor: direct labor time is 15 minutes per bag at an hourly rate of $ 16 per hour. 5. Selling and administrative expenses are expected to be 15% of sales plus $ 180,000 per quarter. 6. Interest expense is $100,000. 7. Income taxes are expected to be 30% of income before income taxes. Your assistant has prepared two budgets: (1) the manufacturing overhead budget shows expected costs to be 125% of direct labor cost, and (2) the direct materials budget for Tarr shows the cost of Tarr purchases to be $ 301,000 in quarter 1 and $ 425,500 in quarter 2. (Note: Do not prepare the manufacturing overhead budget or the direct materials budget for Tarr.)

COOK FARM SUPPLY COMPANY Direct Materials Budget—Gumm

COOK FARM SUPPLY COMPANY Direct Labor Budget

COOK FARM SUPPLY COMPANY Selling and Administrative Expense Budget

Budgeted Income Statement

Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2020. 1. Sales: quarter 1, 29,200 bags; quarter 2, 43,200 bags. Selling price is $ 61 per bag. 2. Direct materials: each bag of Snare requires 5 pounds of Gumm at a cost of $ 3.80 per pound and 6 pounds of Tarr at $ 1.50 per pound. 3. Desired inventory levels: Type of Inventory January 1 April 1 July 1 Snare (bags) 8,400 12,200 18,200 Gumm (pounds) 9,200 10,200 13,500 Tarr (pounds) 14,300 20,400 25,400 4. Direct labor: direct labor time is 15 minutes per bag at an hourly rate of $ 16 per hour. 5. Selling and administrative expenses are expected to be 15% of sales plus $ 180,000 per quarter. 6. Interest expense is $100,000. 7. Income taxes are expected to be 30% of income before income taxes. Your assistant has prepared two budgets: (1) the manufacturing overhead budget shows expected costs to be 125% of direct labor cost, and (2) the direct materials budget for Tarr shows the cost of Tarr purchases to be $ 301,000 in quarter 1 and $ 425,500 in quarter 2. (Note: Do not prepare the manufacturing overhead budget or the direct materials budget for Tarr.)

COOK FARM SUPPLY COMPANY Budgeted Income Statement

sales 4416400

cogs 2678800

gross profits 1737600

selling and administ. exp 1,022,460

income for operations?

interest expense?

income before tax?

income tax?

Net Income