Bruton Inc. manufactures snowhshoes using a two-department process. Direct materials are added at the beginning of the process in both the Assembly Department and the Finishing Department. Conversion costs are applied uniformly during both processing departments. The following has been reported for the Finishing Department for the month of October: Units in beginning work in process (65% complete) 21,700 Units in ending work in process (75% complete) 18,600 Units transferred in from Assembly in October 54,100 Costs in beginning work in process: Transferred-in costs $89,520 Direct materials $30,340 Conversion costs $31,880 Cost of units transferred in from Assembly in October $433,500 Costs added during October: Direct materials $125,050 Direct labor $75,600 Applied overhead $120,200 Assume Bruton, Inc. uses the weighted-average method, what was the total cost of completed units transferred out of the Finishing Department in October?

Schedule of Cash Payments

Excel Learning Systems Inc. was organized on September 30, 2016. Projected selling and administrative expenses for each of the first three months of operations are as follows:

Depreciation, insurance, and property taxes represent $37,000 of the estimated monthly expenses. The annual insurance premium was paid on September 30, and property taxes for the year will be paid in June. The company expects that 74% of the remainder of the expenses will be paid in the month in which they are incurred, with the balance to be paid in the following month.

Prepare a schedule indicating cash payments for selling and administrative expenses for October, November, and December.

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Marvel Company has the following budgeted sales for the selected four-month period:

Month                                  Unit Sales

October                                40,000

November                          70,000

December                           50,000

January                                 60,000

There were 14,000 units of finished goods in inventory at the beginning of October. Plans are to have an inventory of finished product equal to 25 percent of the unit sales for the next month. Five pounds of a single raw material are required for each unit produced. Each pound of material costs $10. Plans are to have inventory levels for materials equal to 30 percent of the amount of materials needed to satisfy next month's production and 84,000 units of raw material on hand at the end of December. Materials inventory on October 1 was 60,000 pounds.

Required:

a.   Prepare a production budget in units for October, November, and December.

b.   Prepare a purchase budget in pounds and dollars for October, November, and December.

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Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry. PCC owes

Mitsubishi Heavy Industry 500 million yen in one year. The current spot rate is 124 yen per dollar and the one-year forward rate is 110 yen per dollar. The annual interest rate is 5% in Japan and 8% in the U.S.

PCC can also buy a one-year call option on yen at the strike price of $.0081 per yen for a premium of .014 cents per yen.

(c) Assuming that the Options (call option) exchange rate is the best predictor of the future spot rate, compute the expected future dollar cost of meeting this obligation

(d) What is the best alternative?

Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry. PCC owes

Mitsubishi Heavy Industry 500 million yen in one year. The current spot rate is 124 yen per dollar and the one-year forward rate is 110 yen per dollar. The annual interest rate is 5% in Japan and 8% in the U.S.

PCC can also buy a one-year call option on yen at the strike price of $.0081 per yen for a premium of .014 cents per yen.

(c) Assuming that the Options (call option) exchange rate is the best predictor of the future spot rate, compute the expected future dollar cost of meeting this obligation

(d) What is the best alternative?

Check whether the indicated application is best represented by an open-loop or closed loop control system model.  If you think there is some ambiguity, discuss as necessary.

Find a developing nation in which child marriage is common. What is the age of legal marriage in that country? Is child marriage legal in that nation?

Why might parents in that country agree to early marriage, even if it is against the law?

What would you recommend, should be done to prevent early marriage in your chosen country?

You plan to apply for a loan from Bank of America. The nominal annual interest rate for this loan is 13.89 percent, compounded daily (with a 365-day year). What is the effective annual rate, or EAR (annual percentage yield), of this loan?

Please order the following stocks by your expectation of their total return (from highest to lowest).

（Based on what to judge the expectation of their total return?）