During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows :

Required:

1. Prepare a schedule showing cost of goods sold and ending inventory using weighted average.
2. Prepare a schedule showing cost of goods sold and ending inventory using First In First Out
3. Compute gross profit under for a and b. Selling price for items is $50 pet unit.

Banksy Ltd manufactures two products, the first product is a bag with a specific print on them and the second product is a series of postcards (sold in a pack of 10) with the same print on them. Information regarding the costs associated with both the bags and postcards is below:

Bags: has a selling price of $30, and variable costs of $12 per unit. The bags need to be put through the printing machine once sewn and require 1.5 hours on the machine.

Postcards: the pack has a selling price of $10, and variable costs of $5 per unit. The postcards also need to be put in the printing machine for only 15 minutes per pack.

Maximum demand is 200 units per product and the printing machines capacity is limited to 100 hours.

Determine how the 100 hours of printing machine time should be allocated to the two products to provide the most profitable mix. Show all workings.

a) Three fair dice are tossed 1000 times.

Create a simulation of these 1000 tosses, and compute the probability that the sum of the three dice 7 or less. (Hint: randbtween)

b) Mike and Monica arrive randomly at the golf course between 8am and 10am.

What is the probability they arrive within 30min of each other? (Hint: 120*rand() ?)

Fisher Black and Myron Scholes receive the 1997 Nobel Prize in Economic Science for their work on option pricing. Although the model is theoretically elegant and beautiful, it was not widely used to price options in real life because it calls for inherent volatility which is unobservable.However, given the dependability of risk-neutral approach, people today normally use risk-neutral approach to price the options first, then theyemploy Black-Scholes model to estimate the implied volatility. Based on the information given in the previous questions (question #1 and #2) and the call option price you just calculated, estimate the implied volatility of XYZ Corp stock.

Question 1.You try to price the options on XYZ Corp. The current stock price of XYZ is $100/share. The risk-free rate is 5%. You project the stock price of XYZ will either be $90 or $120 in a year. Assume you can borrow or lend money at the risk-free rate. Use risk-neutral approach to price the 1-year calloption on XYZ Corp with the strike price of $105. (Attention: using a wrong approach will cost you all the credits)

Question 2. You try to price the options on XYZ Corp. The current stock price of XYZ is $100/share. The risk-free rate is 5%. You project the stock price of XYZ will either be $90 or $120 in a year. Assume you can borrow or lend money at the risk-free rate. Use risk-free portfolio approach to price the 1-yearput option on XYZ Corp with the strike price of $105.

Sarah is contemplating becoming pregnant. She and her husband are at the clinic to conduct preconception counseling. What teachings would you include?

Sarah is contemplating becoming pregnant. She and her husband are at the clinic to conduct preconception counseling. What teachings would you include?

Explain why these five rapist profiles listed are the most common.

The Sadist.

The Woman Hater.

The Opportunist.

The Date Rapist

The Husband Rapist

In “The Yellow Wallpaper,” the narrator is confined to the nursery? What is this significant? Does the husband treat the narrator like a child? Provide specific examples.

1. Discuss the characteristics of a like kind asset. Must the asset received in a like kind exchange be an exact duplicate of the asset given ? Explain
2. When faced with an involuntary conversion, does the taxpayer have an unlimited amount of time to replace the converted property? Explain.
3. What happens in the following circumstances if a wife , prior to marriage, uses the exclusion on the sale of a residence and subsequently ( after marriage) sells a second residence within two years?
a. the new husband sells a residence.
b. the new husband dies within two years and the wife sells the residence.

Kathy is a thirty-two year old, stay-at-home mother of three children aged 4, 2, and six months. The family doesn't have much extra money each month. Kathy has no life insurance coverage, but she feels she should buy a policy to cover her life in case something happens to her and her husband would need to provide care for the children.  Her husband does not think it is necessary.  

What kind of life insurance policy would you suggest would be best for her to buy and why?