Consider the following information regarding Wayne Manufacturing Company and the following instructions. This is similar to Problems 20-5A and 20-5B in our textbook. Wayne Manufacturing Company has four operating divisions. During the first quarter of 2016, the company reported the divisional results shown below and aggregate income shown below. Division: North South East West Aggregate Income Sales $454,410 $347,490 $276,210 $160,380 Cost of goods sold 267,300 222,750 240,570 133,650 Selling and administrative expenses 53,460 71,280 57,915 62,370 Income (loss) from operations $133,650 $53,460 $(22,275) $(35,640) $129,195 Analysis reveals the following percentages of variable costs in each division. Division: North South East West Cost of goods sold 70% 80% 75% 90% Selling and administrative expenses 40% 50% 65% 70% Discontinuance of any division would save 50% of the fixed costs and expenses for that division. Top management is very concerned about the unprofitable divisions (East and West). Consensus is that one or both of the divisions should be discontinued. Instructions - Your solutions should be clearly labeled on Solutions of this workbook. (a) Compute the contribution margin for the East and West Divisions. (See illustration 20-17 for guidance, if needed.) (b) Prepare an incremental analysis concerning the possible discontinuance of (1) East Division and (2) West Division. What course of action do you recommend for each division? Should either be closed? (See illustration 20-18 for guidance, if needed.) (c) Prepare a columnar condensed income statement for Wayne Manufacturing, assuming the division(s) that should be eliminated are eliminated. Use the CVP format. Remember: Closed division's unavoidable fixed costs are allocated equally to the continuing divisions. (See Illustrations 20-16 and 20-17 for guidance, if needed.)

Violet Sky Consulting stock has an expected return of 17.54 percent and pays annual dividends that are expected to grow annually by 3.8 percent forever. The firm’s next dividend is expected in 1 year from today. If the firm’s dividend is expected to be 12.75 dollars in 6 years from today, then what is the current price of the stock?

The data in the table is the number of absences for 7 students and their corresponding grade.

Step 3 of 5 : Calculate the estimated variance of slope, s2b1. Round your answer to three decimal places.

A uniform stick 1.3 m long with a total mass of 270 g is pivoted at its center. A 3.8-g bullet is shot through the stick midway between the pivot and one end. The bullet approaches at 250 m/s and leaves at 140 m/s. With what angular speed is the stick spinning after the collision?

The following table shows income statement and balance sheet data for five U.S. industries in 2017.

Note: Cost of goods sold includes selling, general, and administrative expenses.

Source: U.S. Department of Commerce, Quarterly Financial Report for Manufacturing, Mining, Trade Corporations, and Selected Service Industries, Quarter 3, issued December 2017.

Calculate the cash cycle for each industry. (Negative amounts should be indicated by a minus sign. Use 365 days a year. Do not round intermediate calculations. Round your answers to 1 decimal place.)

Process Costing – Packaging Department

Direct materials are added 90% at the beginning of the process and the remaining 10% are added when the cereal is 50% complete with the packaging process. Direct labor and overhead are added evenly throughout the process.

Table 8 – Unit and cost information

Added during Qtr 1:

Direct Materials -- $14,943.12

Direct Labor – 910 hrs @ $11.00 per hour

Overhead – OH is applied based on predetermined OH rate and actual DL hours

1. Determine the number of units completed during quarter 1.

4,000+42,964= ? + 5000

42,964 units were completed

2. Compute the equivalent units using the weighted average method

3. Compute the cost per equivalent unit using the weighted average method

4. Compute the cost of goods transferred to finished goods inventory

5. Compute the ending balance in WIP, Packaging

The following table shows income statement and balance sheet data for five U.S. industries in 2017.

Note: Cost of goods sold includes selling, general, and administrative expenses.

Source: U.S. Department of Commerce, Quarterly Financial Report for Manufacturing, Mining, Trade Corporations, and Selected Service Industries, Quarter 3, issued December 2017.

Calculate the cash cycle for each industry. (Negative amounts should be indicated by a minus sign. Use 365 days a year. Do not round intermediate calculations. Round your answers to 1 decimal place.)

1. A deficit in the overall balance of payments of a nation generally is an indication that:

a. the country’s monetary authority is selling foreign currency.

b. the country’s monetary authority is buying foreign currency.

c. the country’s monetary authority is buying domestic government bonds.

d. the country’s monetary authority is selling domestic currency.

2. Which of the following is an immediate effect of an increase in money supply by the European Central Bank by 10 percent?

a. There will be an inflow of foreign capital in the countries belonging to the European Union.

b. The expected exchange rate value of the foreign currencies vis-à-vis the Euro will increase.

c. The interest rate in the EU countries will increase.

d. The product prices in the EU countries will decline drastically.

3. If the marginal propensity to save is 0.3 and the marginal propensity to import is 0.2, then value of the simple spending multiplier is:

      a. 2.0.

      b. 0.5.

      c.1.5.

      d.0.1.

4. If the marginal propensity to save is 0.3 and the marginal propensity to import is 0.1, and the government increases expenditures by $10 billion, ignoring foreign-income repercussions, how much will GDP rise?

      a. $20 billion.

      b. $10 billion.

      c. $25 billion.

d. $15 billion.

5. Equilibrium GDP in the short-run is determined at the point where:

       a. gross domestic production equals aggregate demand.

       b.domestic production equals domestic consumption.

       c.imports equal exports.

       d. the rate of unemployment equals zero.

6. Real domestic investment spending is:

a. positively related to the marginal propensity to consume.

b. negatively related to the level of interest rates in the economy.

c. positively related to government spending.

d. negatively related to the exchange rate.

7. The greater the marginal propensity to import:

a. the smaller the spending multiplier.

b. the greater the level of investment.

c. the greater is the net export.

d. the smaller is the level of consumption.

8. Which of the following refers to foreign exchange?

a. The act of trading different nations’ moneys

b. The holdings of foreign assets

c. The act of exchanging goods and services internationally.

d. The adoption of foreign trade policies

9. An increase in the dollar per euro exchange rate will result in:

a. a decline in the quantity demanded for euro.

b. a decline in the quantity demanded for dollar.

c. an inward shift of the supply curve of euro.

d. an outward shift of the demand curve for dollar.

1. Perpetual Inventory Using LIFO

   Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows:

   Inventory		Purchases		Sales
   Dec. 1	3,100 units at $33	Dec. 10	1,550 units at $35	Dec. 12	2,170 units
   		Dec. 20	1,395 units at $37	Dec. 14	1,860 units
   				Dec. 31	930 units

   a. Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

   Schedule of Cost of Goods Sold
   LIFO Method
   Prepaid Cell Phones
   Date	Quantity Purchased	Purchases Unit Cost	Purchases Total Cost	Quantity Sold	Cost of Goods Sold Unit Cost	Cost of Goods Sold Total Cost	Inventory Quantity	Inventory Unit Cost	Inventory Total Cost
   Dec. 1								$	$
   Dec. 10		$	$
   Dec. 12					$	$
   Dec. 14
   Dec. 20
   Dec. 31
   Dec. 31	Balances					$			$