A company is formed by issuing common stock for $1,000 in cash and then transacts as follows over its first five days of business, with all purchases and sales on credit:
Day 1 - Buys one unit of inventory for $10.
Day 2 - Buys one unit of inventory for $15.
Day 3 - Buys one unit of inventory for $20.
Day 4 - Sells one unit of inventory for $100.
Day 5 - Sells two units of inventory for $100 each.
Prepare in simplified form a balance sheet, assuming that the company uses FIFO and then, alternatively, that it uses LIFO.
Assets: EoD4: FIFO? EoD4 LIFO?
Total Assets: EoD4: FIFO? EoD4 LIFO?
Liabilies and Stockholders Equity: EoD4: FIFO? EoD4 LIFO?
Total Liabilities and Stockholders Equity: EoD4: FIFO? EoD4 LIFO?
In: Accounting
Find the regression equation, letting the first variable be the predictor (x) variable. Find the best predicted Nobel Laureate rate for a country that has 78.2 Internet users per 100 people. How does it compare to the country's actual Nobel Laureate rate of 1 per 10 million people?
Internet Users Per 100 Nobel Laureates
79.5 5.5
80.6 24.2
77.8 8.7
45 0.1
82.7 6.1
37.9 0.1
89.2 25.3
88.9 7.6
79.8 9
83.6 12.8
52.8 1.9
77.3 12.7
56.5 3.3
78.4 1.5
92.1 11.5
93.9 25.3
64.6 3.1
57.5 1.9
67.8 1.7
93.4 32.1
84.5 31.6
86.8 18.9
77.6 10.9
In: Statistics and Probability
A triple-effect evaporator is a process that removes pure water from a salt water feed. The process consists of three units connected in series. The feed to the process contains 3.43 wt % NaCl in water. In the first effect, sufficient water is evaporated to concentrate the solution to 3.89 wt % NaCl. The second effect concentrates the solution further to 4.22 wt %, and the brine discharged from the process contains 5.02 wt % NaCl. a. Draw a diagram of the process, then do a degrees of freedom analysis on each effect and on the entire process to determine which of these choices of system are appropriate starting point(s) for the calculation. b. Determine the total mass of pure water provided by the process per 100 kg of feed. c. Solve for the flow rates of all streams based on 100 kg feed.
In: Other
Tree Top Company manufactures a single product and uses a process costing system. On the first day of April, there were 5,000 units in process that were 100% complete as to direct materials and 50% complete as to direct labor and manufacturing overhead. During the month of April, the company began production of 100,000 units, and at the end of April, the Work-in-Process inventory consisted of 2,000 units that were 100% complete as to direct materials and 80% complete as to direct labor and manufacturing overhead. The company’s cost information is as follows:
|
Beginning Work-in-Process |
Costs Added In April |
|
|
Direct materials |
$3,000 |
$65,250 |
|
Direct labor |
$125 |
$6,151 |
|
Manufacturing overhead |
$175 |
$7,147 |
Calculate the cost of units manufactured during April and the cost of Work-in-Progress at the end of April.
In: Accounting
You are hired as a financial manager and your first task is to establish the cash budget of your firm.
You gathered the following information.
The firm receives all income from sales
In: Finance
1,Central Line/Dressing Standards of Care:
Nursing Standards of Care:
Rationale:
2, . Pt getting ready to get intubated . Which orders do you implement first, and give a rationale why
1,Ventilator settings: CMV/AC rate 12, TV 550 mL, PEEP +5, FiO2 100%.
2,0.9% NS IV infusion 100 mL hour
3,Insert urinary catheter
4,Fentanyl IV infusion 10-125 mcg/hour. RASS goal -3 (Mod. Sedation)
5,Dexmedetomidine IV infusion 0.2-1 mcg/kg/hour. RASS goal - 3 (Mod. Sedation)
6,Norepinephrine IV infusion (0.5-30 mcg/min) to maintain MAP >65.
7,Vasopressin 0.04 IV infusion
In: Nursing
1.An investor buys a 9-year, 6.9% annual coupon bond at par ($100). After the purchase and before the first coupon is received, interest rates increase to 8.9% (assume a flat spot rate curve). The investor sells the bond after 7 years (right after receiving the 7th coupon payment). What is this investor's realized annual return in these 7 years?
Assume annual compounding, and that interest rates remain at 8.9% over the entire holding period.
2.An investor with an investment horizon of 1.0 year purchases a 8% coupon bond with 2 years to maturity and a face value of $100? The bond is trading at a yield of 5%. Coupons are paid semi-annually. What is this investor's duration gap?
Assume semi-annual compounding. Round your answer to 4 decimal places.
In: Finance
Ten randomly selected people took an IQ test A, and next day they took a very similar IQ test B. Their scores are shown in the table below. Person A B C D E F G H I J Test A 106 90 119 111 77 95 100 83 102 127
Test B 107 89 124 114 79 97 100 83 106 130
1. Consider (Test A - Test B). Use a 0.01 significance level to test the claim that people do better on the second test than they do on the first. (Note: You may wish to use software.)
(1)The test statistic is
(2) Construct a 99% confidence interval for the mean of the differences. Again, use (Test A - Test B).
<μ
In: Statistics and Probability
The capacity for regular time production is 200 units per month. Overtime capacity is 100 per month. Subcontracting is also available. The demand forecast is 100, 400, and 300, for month 1, month 2, and month 3, respectively. The per-unit cost for regular time production, overtime production, and subcontracting is $1, $2, and $3, respectively. Inventory cost is $1 per unit per period (on average inventory). The beginning inventory for the first period is zero. Develop a chase strategy (under the goal of minimizing the total cost) and answer the following questions.
Based on the chase strategy, what is the amount that should be produced using regular time production in month 1?
Based on the chase strategy, what is the amount that should be produced using subcontracting in month 2?
In: Operations Management
1. A depository institution that has the following assets with weights as indicated:
$875 million in commercial loans with one to three years maturity (100%);
$105 million in long term treasuries (0%);
$635 million loans secured by 1-4 family first mortgages (35%);
$12 million cash items in collection (20%);
$200 million in cash and reserves (0%);
$500 million in mortgage backed securities guaranteed by US government agencies (20%);
$285 million in multifamily mortgages (50%);
$250 million in consumer loans (100%);
$65 million in state and local governments bonds (20%); and
$25 million in loans that are 90 days or more past due (150%).
b. How much Tier 1 capital must the depository institution have to be considered adequately capitalized?
In: Finance