1. What are the hopes for economic integration in the Americas among those who advocate free trade agreements?
2. Do you think that such hopes can come to fruition in the near future? Why?
In: Economics
In: Chemistry
Q: zero intrest rate may result volatility in currency markets, what may happen to the US dollar vs other currencies in the near future, explain your answers with details necessary
In: Finance
The closest distance a book can be read from a pair of reading eyeglasses (Power = 2.06 dp) is 27.5 cm. What is the near distance? (Assume a distance between the eyeglasses and the eyes to be 3.00 cm)
In: Physics
In: Nursing
A nursing home located near a busy freeway suffers from excessive noise from the freeway traffic. Describe fully a solution that you would recommend to resolve the situation using the systems approach.
In: Civil Engineering
Budda-Bing Manufacturing is planning to implement a major plant-modernization program to improve its competitive position. Included will be construction of a state-of-the-art manufacturing facility that will cost $400,000 in 2019 and is expected to lower the company's variable cost per tonne of steel. Tony and Pauli, experienced budged analysts, have been charged with preparing a forecast of the firm's 2019 financial position assuming construction of the proposed new facility. They plan to use the 2018 financial statements presented below along with the forecasts for other financial accounts in the key projected financial data chart.
a.) Use the historic and projected financial data provided to prepare a pro forma income statements and balance sheet for the year ended December 31, 2019.
b.) Will Budda-Bniing Manufacturing Company need to obtain external financing to fund construction of the proposed facility? Explain. Prepare a Statement of EFR.
c.) How would you recommend Budda-Bing raise the required financing? What options might be available if the company wanted to explore all opportunities other than using their line of credit?
INCOME STATEMENT
BUDDA-BING, FOR THE YEAR ENDED DECEMBER 31, 2018
Sales revenue $5,075,000
Less: Cost of Goods Sold $3,704,000
Gross Margin $1,371,000
Less: Operating Expenses
Selling expense $650,000
General and administrative expenses $416,000
Amortization Expense $152,000
Total operating expense: $1,218,000
Operating Earnings (EBIT) $153,000
Less: Interest expense $93,000
Earnings before taxes $60,000
Less: Taxes (rate = 40%) $24,000
Net income after taxes $36,000
BALANCE SHEET
ASSETS
Current Assets
Cash $25,000
Accounts Receivable $805,556
Inventories $700,625
Total Current Assets $1,531,181
Gross fixed assets (at cost) $2,093,819
Less: Accumulated Amortization $500,000
Net fixed assets $1,593,819
Total assets $3,125,000
LIABILITIES AND SHAREHOLDERS EQUITY
Current Liabilities
Accounts Payable $230,000
Line of credit $311,000
Accruals $75,000
Total current liabilities $616,000
Long term debt $1,165,250
Total Liabilities $1,781,250
Shareholders Equity
Preferred shares $50,000
Common shares $293,750
Retained earnings $1,000,000
Total shareholders equity $1,343,750
Total Liabilities and shareholders equity $3,125,000
KEY PROJECTED FINANCIAL DATA (2019)
Budda-Bing
Sales: Increase to $8,500,000
Cost of goods sold: Remain the same % age of sales
Selling Expense: Increase by 20%
General and administrative expense: Increase by 33%
Accumulated Amortization: Increase to $700,000
Interest expense: Increase to $110,000
Tax rate: 40%
Dividend payments: $40,000
Average age of inventory: 52 days
Average collection period: 52 days
Average payment period: 29 days
Accruals: Increase to $96,000
Long-term debt, preferred and common shares: Remain the same
Cash Balance: remain the same, $25,000
In: Accounting
Samuelson and Messenger (S&M) began 2018 with 330 units of
its one product. These units were purchased near the end of 2017
for $20 each. During the month of January, 165 units were purchased
on January 8 for $23 each and another 330 units were purchased on
January 19 for $25 each. Sales of 170 units and 200 units were made
on January 10 and January 25, respectively. There were 455 units on
hand at the end of the month. S&M uses a perpetual
inventory system.
Required:
1. Complete the below table to calculate ending
inventory and cost of goods sold for January using FIFO
method.
2. Complete the below table to calculate ending
inventory and cost of goods sold for January using average cost
method.
| Perpetual FIFO | Cost of Goods Available for Sale | Cost of Goods Sold - January 10 | Cost of Goods Sold - January 25 | Inventory Balance | ||||||||
| # of units | Cost per unit | Cost of Goods Available for Sale | # of units sold | Cost per unit | Cost of Goods Sold | # of units sold | Cost per unit | Cost of Goods Sold | # of units in ending inventory | Cost per unit | Ending Inventory | |
| Beg. Inventory | ||||||||||||
| Purchases: | ||||||||||||
| January 8 | ||||||||||||
| January 19 | ||||||||||||
| Total | ||||||||||||
| Perpetual Average | Inventory on hand | Cost of Goods Sold | ||||
| # of units | Cost per unit | Inventory Value | # of units sold | Avg. Cost per unit | Cost of Goods Sold | |
| Beginning Inventory | ||||||
| Purchase - January 8 | ||||||
| Subtotal Average Cost | ||||||
| Sale - January 10 | ||||||
| Subtotal Average Cost | ||||||
| Purchase - January 19 | ||||||
| Subtotal Average Cost | ||||||
| Sale - January 25 | ||||||
| Total | ||||||
In: Accounting
Choose the correct answer.
The Olympics ______ getting ready to kick off in Beijing with a huge opening ceremony.
a. is
b. are
Choose the sentence that is punctuated properly.
a. Most people thought it would never happen, but Elon Musk launched a massive rocket that will fly near Mars one day.
b. Most people thought it would never happen but Elon Musk launched a massive rocket that will fly near Mars one day.
We are looking for individuals ______________ are experienced brand managers.
a. that
b. whom
c. who
Choose the sentence that is punctuated properly.
a. Identity theft victims are faced; nevertheless, with damaged credit and emotional distress.
b. Identity theft victims are faced, nevertheless, with damaged credit and emotional distress.
In: Finance
a) (i) What is it about a mutant phenotype that classifies the mutation as “temperature-sensitive”?
(ii) How is this type of phenotype explained by protein behaviour?
b) Would the following types of mutations most likely have: severe effects, mild effects, or no effect on protein function? Briefly explain your answers. Note that there may be more than one correct answer, but you need only to give one sensible answer and explain your reasoning.
(i) A nonsense mutation occurring in sequences encoding amino acids near the carboxy terminus of the protein
(ii) A missense mutation affecting the active site of the protein
(iii) A frameshift mutation near the 5’ end of the open reading frame
In: Biology