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Make a note of the absorption costing net operating income (loss) in Year 2. |
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At the end of Year 1, the company’s board of directors set a target for Year 2 of net operating income of $150,000 under absorption costing. If this target is met, a hefty bonus would be paid to the CEO of the company. Keeping everything else the same from part (2) above, change the units produced in Year 2 to 5,200 units. |
| (a) |
Would this change result in a bonus being paid to the CEO? |
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| (b) |
What is the net operating income (loss) in Year 2 under absorption costing? |
| (c) |
Would this doubling of production in Year 2 be in the best interests of the company if sales are expected to continue to be 2,800 units per year? |
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In: Accounting
COST & PRODUCTION FUNCTIONS
In order to reduce unit cost, the CEO of ABC Corporation has to decide whether to increase or decrease total production. A marketing analyst has reported the following information about ABC Corporation’s cost and production structure:
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Year |
Total Cost (TC) ($1000) |
Quantity Produced (Q) (Unit) |
|
2018 |
2 |
10 |
|
2019 |
4 |
15 |
|
2020 |
6 |
35 |
1.Use Ordinary Least Squares Method (OLS) to estimate the ABC Corporation’s total cost function; that is, TC =β +βQ;
2. What is ABC Co’s marginal cost?
3. What is ABC Co’s fixed cost?
4. Calculate the scale elasticity at the mean of the data
5. In order to reduce the unit cost would you recommend an increase or a decrease in total production? Why?
In: Economics
Explain the concept of Global Sustainability. Give three (3) reasons why it has emerged as one of the major business issues facing multinational corporations today. If you were the CEO of Coca Cola, discuss two (2) actions you would take to address the sustainability issues facing your company?
In: Economics
For your fictitious healthcare service, you will create a balance sheet and income statement based upon the following financial transactions occurring during your start-up year:
6. May 1, 2020 through December 31, 2020: You use $30,000 in supplies to provide healthcare services to your patients each month. You record the use of supplies on the last day of each month.
7. June 1, 2020: You pay your suppliers $80,000 for supplies purchased on credit.
8. July 1, 2020: You receive payments from health insurance companies totaling $250,000.
9. August 1, 2020:
a. You purchase $160,000 of supplies on credit for use in caring for your patients.
b. You receive payments from health insurance companies totaling $320,000
10. September 1, 2020: You receive payments from health insurance companies totaling $225,000.
11. October 1, 2020: You receive payments from health insurance companies totaling $310,000.
In: Accounting
Write a C++ program that will be an information system for Oregon State University using classes as well as demonstrating a basic understanding of inheritance and polymorphism.
You will create a representation of an Oregon State University information system that will contain information about the university. The university will contain a name of the university, n number of buildings, and m number of people. People can be either a student or an instructor. Every person will have a name and an age. Every student will have also have a GPA, but an instructor will NOT have a GPA. Every instructor will have an instructor rating, but a student will NOT have an instructor rating. Every building will have a name, the size in sqft (preferred the real value which you need to look up), and an address (stored as a string, also preferred to look this up).
People will contain a method called “do_work” that will take in a random integer as a parameter that represents how many hours they will do work for. If the person is a student, a message will be printed to the screen that says “PERSON_NAME did X hours of homework.” If the person is an instructor, a message will be printed to the screen that says “Instructor PERSON_NAME graded papers for X hours.” You will need to fill in the appropriate values.
The student GPA can either be an input from the user or randomized, but it must be between 0.0 and 4.0. It cannot be preset. The instructor rating can either be an input from the user or randomized, but it must be between 0.0 and 5.0. The ages of a person can be randomized or an input, but make it realistic. You can choose whether it is randomized or user input, or both.
The university will contain a method that will print the name and address of all the buildings in its information system and another method that will print the name of all the people. The name of the university MUST be “Oregon State University” (because we are the best).
You will manually instantiate at least 1 student, 1 instructor, and 2 buildings, then give them values and store them appropriately in the university object. You can do this in whatever fashion you wish.
You will have a menu that does at least the following:
1) Prints names of all the buildings
2) Prints names of everybody at the university
3) Choose a person to do work
4) Exit the program
Note that option 3 will require you to print another menu that gives options for each person.
You may create any other functions, methods, member variables, etc. to modularize your code and complete the lab.
Extra Credit Add an option to save the information system to a file, and add an option to read a saved information system from a file so that you can close the program, but not lose information. This will also require you to be able to add people and/or buildings to the program during runtime. This is an all or nothing extra credit (you will not get partial points for partial completion).
In: Computer Science
Many universities offer subsidized tuition benefits to all employees. Discuss reasons
why thismight be efficient for universities, compared to paying higher salaries.Why
might a university be more likely to offer these benefits than a company in another
industry?
In: Economics
QUESTION 66
The Legal List is for
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investment advisers |
||
|
corporate accounts |
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|
fiduciaries |
||
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municipal finance professionals |
1 points
QUESTION 67
Which of the following establishes the U.S. Treasury Department as the regulator for anti-money-laundering programs?
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SDN |
||
|
The Bank Secrecy Act |
||
|
None of the provided answers are correct |
||
|
OFAC |
1 points
QUESTION 68
The Federal Reserve Board is responsible for which of the following?
|
Setting Regulation T |
||
|
All provided answers are corrects |
||
|
Printing currency |
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|
Easing the money supply |
1 points
QUESTION 69
Which of the following is rated by most securities rating services?
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Investment risk |
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Quality |
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|
Market risk |
||
|
Quantity |
1 points
QUESTION 70
An investor owns the following investments:
50 New York 5-percent general obligation bonds maturing in 2020 and rated AA
50 Florida University 6.25-percent revenue bonds maturing in 2021 and rated AA
50 Nevada Turnpike 5.75-percent revenue bonds maturing in 2020 and rated AA
What type of diversification does this represent?
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Quantity |
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Maturity |
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Geographical |
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Quality |
In: Finance
Peanut Corporation is a private corporation using IFRS. At December 31, 2020, an analysis of the accounts and discussions with company officials included the following account balances and other information:
Accounts receivable
$102,000
Accrued interest payable
1,000
Dividend revenue
9,000
Sales revenue
600,000
Purchase discounts
9,000
Purchases
360,000
Accounts payable
30,000
Loss from fire (net of $7,000 tax)
21,000
Selling expenses
64,000
Common shares (20,000 issued; no change during 2020)
200,000
Accumulated depreciation
90,000
Long-term note payable (due Oct 1, 2024)
100,000
Inventory, Jan 1, 2020
76,000
Inventory, Dec 31, 2020
62,500
Supplies inventory
40,000
Unearned service revenue
3,000
Land, at cost (fair value is $450,000).
370,000
Cash
60,000
Franchise
100,000
Retained earnings, Jan 1, 2020
135,000
Interest expense
8,500
Cumulative effect of change from straight-line to accelerated depreciation (net of $6,000 tax) prior to 2020
(18,000)
General and administrative expenses
80,000
Dividends declared and paid
15,000
Allowance for doubtful accounts
5,000
Loss from discontinued operation (before tax)
20,000
Machinery and equipment
225,000
Unless indicated otherwise, you may assume a 25% income tax rate.
General and administrative expenses include depreciation.
Peanut has chosen to account for its land at fair value but the bookkeeper does not understand what to do so he has kept the land’s recorded value at cost.
There are no preferred shares issued.
Instructions
a. Prepare, in good form, a multiple-step comprehensive income statement.
b. Prepare, in good form, the retained earnings portion of the statement of changes in equity.
In: Accounting
Jen and Larry’s Frozen Yogurt Company
In 2019, Jennifer (Jen) Liu and Larry Mestas founded Jean and Larry’s Frozen Yogurt Company, which was based on the idea of applying the microbrew or microbatch strategy to the production and sale of frozen yogurt. Jen and Larry began producing small quantities of unique flavors and blends in limited editions. Revenues were $600,000 in 2019 and were estimated to be $1.2 million in 2020.
Because Jen and Larry were selling premium frozen yogurt containing premium ingredients, each small cup of yogurt sold for $3, and the cost of producing the frozen yogurt averaged $1.50 per cup. Administrative expenses, including Jen and Larry’s salary and expenses for an accountant and two other administrative staff, were estimated at $180,000 in 2020. Marketing expenses, largely in the form of behind-the-counter workers, in-store posters, and advertising in local newspapers, were projected to be $200,000 in 2020.
An investment in bricks and mortar was necessary to make and sell the yogurt. Initial specialty equipment and the renovation of an old warehouse building in lower downtown (known as LoDo) occurred at the beginning of 2019. Additional equipment needed to make the amount of yogurt forecasted to be sold in 2020 was purchased at the beginning of 2020. As a result, depreciation expenses were expected to be $50,000 in 2020. Interest expenses were estimated at $15,000 in 2020. The average tax rate was expected to be 25% of taxable income.
How many cups of frozen yogurt would have to be sold for the firm to reach its projected revenues of $1.2 million?
Calculate the dollar amount of EBDAT if Jen and Larry’s Frozen Yogurt Company achieves the forecasted $1.2 million in sales for 2020. What would EBDAT be as a percent of revenues?
In: Finance
Part 1 -- Bonds:
REQUIRED:
Part 2 -- Installment note:
REQUIRED:
In: Accounting