According to the Stolper-Samuelson theorem, would you expect capital owners across the globe to favor tariffs given that due to technological advances, production of most goods the world over are capital intensive? Why or why not?

1. Determining Missing Items from Computations

   Data for the North, South, East and West divisions of Free Bird Company are as follows:

   Sales

   Income from Operations

   Invested Assets

   Return on Investment

   Profit Margin

   Investment Turnover

   North

   $860,000

   (a)

   (b)

   17.5%

   7.0%

   (c)

   South

   (d)

   $51,300

   (e)

   (f)

   4.5%

   3.8

   East

   $1,020,000

   (g)

   $680,000

   15.0%

   (h)

   (i)

   West

   $1,120,000

   $89,600

   $560,000

   (j)

   (k)

   (l)

   a. Determine the missing items, identifying each by the letters (a) through (l). If required, round percents and investment turnover to one decimal place.

   a.	$
   b.	$
   c.
   d.	$
   e.	$
   f.											%
   g.	$
   h.											%
   i.
   j.											%
   k.											%
   l.

   b. Determine the The excess of divisional income from operations over a minimum acceptable income from operations.residual income for each division, assuming that the minimum acceptable rate of return established by management is 12%.

   Division	Residual Income
   North Division	$
   South Division	$
   East Division	$
   West Division	$

   c. Which division is the most profitable in terms of (1) return on investment and (2) residual income?

   	Most Profitable
   1. Return on Investment	North East South West
   2. Residual Income	North East South West

Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center).

1. Compute return on investment for each department. Using return on investment, which department is most efficient at using assets to generate returns for the company?
2. Assume a target income level of 10% of average invested assets. Compute residual income for each department. Which department generated the most residual income for the company?
3. Assume the Electronics department is presented with a new investment opportunity that will yield a 14% return on investment. Should the new investment opportunity be accepted?

1. Activity-Based Customer-Driven Costs

   Suppose that Stillwater Designs has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders. Both types of distributors are buying the same product. Stillwater Designs provides the following information about customer-related activities and costs for the most recent quarter:

   	JIT Distributors		Non-JIT Distributors
   Sales orders	1,100		110
   Sales calls	70		70
   Service calls	350		175
   Average order size	850		8,500
   Manufacturing cost/unit	$125		$125
   Customer costs:
   Processing sales orders	$3,130,000
   Selling goods	1,120,000
   Servicing goods	1,050,000
   Total	$5,300,000

   Required:

   1. Calculate the total revenues per distributor category, and assign the customer costs to each distributor type by using revenues as the allocation base. Selling price for one unit is $150. Round calculations to the nearest dollar.

   	JIT		Non-JIT
   Sales (in units)
   Sales	$		$
   Allocation	$		$

   2. Conceptual Connection: Calculate the customer cost per distributor type using activity-based cost assignments. Round the interim calculations to the nearest dollar.

   	JIT		Non-JIT
   Ordering costs	$		$
   Selling costs	$		$
   Service costs	$		$
   Total	$		$

   For non JIT distributors by how much can the price be decreased without affecting customer profitability? Round your answer to the nearest cent.

   $ per unit

   3. Assume that the JIT distributors are simply imposing the frequent orders on Stillwater Designs. No formal discussion has taken place between JIT customers and Stillwater Designs regarding the supply of goods on a JIT basis. The sales pattern has evolved over time. As an independent consultant, what would you suggest to Stillwater Designs' management?

   It sounds like the JIT buyers are switching their inventory carrying costs to Stillwater Designs without any significant benefit to Stillwater Designs. Stillwater Designs needs to   prices to reflect the additional demands on customer support activities. Furthermore, additional   may be needed to reflect the increased number of setups, purchases, and so on, that are likely occurring inside the plant. Stillwater Designs should also immediately initiate discussions with its JIT customers to begin negotiations for achieving some of the benefits that a JIT supplier should have, such as   contracts. The benefits of   contracting may offset most or all of the increased costs from the additional demands made on other activities.

True or false

1. ABC, Inc. sues Tess, its tenant, for unpaid rent. Tess withheld rental payments because ABC failed to rid her apartment of cockroaches. Tess cannot countersue ABC because she should have filed a lawsuit againt ABC first.  

2. All offers to purchase real estate must be in writing in order to be binding.

3. Instruments that are payable on demand are called order instruments.

4. Sally writes a check "Bill and Tom". Both Bill and Tom must indorse that check for it to be negotiable.

5. Mary after married made a will that left $10,000 to her best friend Hazel, Mary had a falling out with Hazel and wanted to cut her out of the will. Mary can execute a codicil to change her will.

6. Sam enters a restaurant and hangs his coat in an unattended coat room near the entrance of the restaurant. In this situation, the restaurant is not a bailee of Sam's coat.

Swayamvar

Problem Description

A ceremony where a Bride chooses her Groom from an array of eligible bachelors is called Swayamvar. But this is a Swayamvar with difference. An array of Bride-to-be will choose from an array of Groom-to-be.

The arrangement at this Swayamvar is as follows

· Brides-to-be are organized such that the most eligible bachelorette will get first chance to choose her Groom. Only then, the next most eligible bachelorette will get a chance to choose her Groom

· If the initial most eligible bachelorette does not get a Groom of her choice, none of the Brides-to-be have any chance at all to get married. So unless a senior bachelorette is out of the “queue”, the junior bachelorette does not get a chance to select her Groom-to-be

· Inital state of Grooms-to-be is such that most eligible bachelor is at the head of the “queue”. The next most eligible bachelor is next in the queue. So on and so forth.

· Now everything hinges on the choice of the bachelorette. The most eligible bachelorette will now meet the most eligible bachelor.

· If bachelorette selects the bachelor, both, the bachelorette and the bachelor are now Bride and Groom respectively and will no longer be a part of the Swayamvar activity. Now, the next most eligible bachelorette will get a chance to choose her Groom. Her first option is the next most eligible bachelor (relative to initial state)

· If the most eligible bachelorette passes the most eligible bachelor, the most eligible bachelor now moves to the end of the queue. The next most eligible bachelor is now considered by the most eligible bachelorette. Selection or Passing over will have the same consequences as explained earlier.

· If most eligible bachelorette reaches the end of bachelor queue, then the Swayamvar is over. Nobody can get married.

· Given a mix of Selection or Passing over, different pairs will get formed.

The selection criteria is as follows

1. Each person either drinks rum or mojito. Bride will choose groom only if he drinks the same drink as her.

Note : There are equal number of brides and grooms for the swayamvar.

Tyrion as the hand of the king wants to know how many pairs will be left unmatched. Can you help Tyrion?

Constraints

1<= N <= 10^4

Input Format

First line contains one integer N, which denotes the number of brides and grooms taking part in the swayamvar. Second line contains a string in lowercase, of length N containing initial state of brides-to-be. Third line contains a string in lowercase, of length N containing initial state of grooms-to-be. Each string contains only lowercase 'r' and 'm' stating person at that index drinks "rum"(for 'r') or mojito(for 'm').

Output

Output a single integer denoting the number of pairs left unmatched.

Timeout

1

Explanation

Example 1

Input

4

rrmm mrmr

Output

0

Explanation

The bride at first place will only marry groom who drinks rum. So the groom at first place will join the end of the queue. Updated groom's queue is "rmrm".

Now the bride at first place will marry the groom at first place. Updated bride's queue is "rmm" and groom's queue is "mrm".

The process continues and at last there are no pairs left. So answer is 0.

Example 2

Input

4 rmrm mmmr

Output

2

Explanation

Following the above process 2 pairs will be left unmatched. Remember that bride will not move until she gets a groom of her choice.

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,800 helmets, using 2,774 kilograms of plastic. The plastic cost the company $18,308.

According to the standard cost card, each helmet should require 0.68 kilograms of plastic, at a cost of $7.00 per kilogram.

Required:

1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,800 helmets?

2. What is the standard materials cost allowed (SQ × SP) to make 3,800 helmets?

3. What is the materials spending variance?

4. What is the materials price variance and the materials quantity variance?

(For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,300 helmets, using 2,079 kilograms of plastic. The plastic cost the company $15,800. According to the standard cost card, each helmet should require 0.57 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,300 helmets? 2. What is the standard materials cost allowed (SQ × SP) to make 3,300 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,800 helmets, using 2,394 kilograms of plastic. The plastic cost the company $18,194. According to the standard cost card, each helmet should require 0.58 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,800 helmets? 2. What is the standard materials cost allowed (SQ × SP) to make 3,800 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,100 helmets, using 2,046 kilograms of plastic. The plastic cost the company $13,504.

According to the standard cost card, each helmet should require 0.57 kilograms of plastic, at a cost of $7.00 per kilogram.

Required:

1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,100 helmets?

2. What is the standard materials cost allowed (SQ × SP) to make 3,100 helmets?

3. What is the materials spending variance?

4. What is the materials price variance and the materials quantity variance?

(For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)