The following data relates to ABC ltd for July 2004. There was no opening stock of finished units

Number of units completed                                              900


Number of units sold                                                          800
Cost incurred:

Direct material                     $2700

Direct labour                       1800

Variable overhead               2500

Fixed overhead                    1500

--------

8 500

Required:

Using both the absorption costing and variable costing methods determine

a) Unit cost of completed production for July

b) Value of closing inventory.

c) Cost of goods sold

A study in the May 4 2004 issue of the Annals of Internal Medicine considered the cost-effectiveness and cost-benefit of screening people with hypertension (blood pressure of 140/90 or higher) for Type 2 Diabetes among people with hypertension. Assume - 5 % of people with hypertension have undiagnosed diabetes. - Early diagnosis of diabetes saves 0.2 years of life per person with previously undiagnosed diabetes. - A year of life is valued at $100,000. - Early diagnosis of diabetes increases health costs (due to treatment of diabetes for a longer period of time) by $10,000 per person with previously undiagnosed diabetes. We consider the costs and benefits of diabetes screening for 10,000 people with hypertension who have not been screened for diabetes. In parts (a) and (b) assume that there are no direct costs for the actual screening tests, the only cost is the indirect cost of receiving more health care, and that the screening detects all cases of undiagnosed diabetes.

(a) Perform a cost-benefit analysis of diabetes screening for this group. Does it favor screening?

(b) What is the cost of screening per life-year saved?

(c) Suppose that the costs of screening each individual are $120. How would this affect your answer from part a? For this cost-benefit analysis, what is the break-even price that would favor screening (At what value would the costs and benefits be equal)?

3. The following table contains data on health assessment for a random sample of 32 cases from the GSS 2006. Health is measured according to a four-point scale: 1 = excellent, 2 = good, 3 = fair, and 4 = poor. Four social classes are reported here: lower, working, middle, and upper. Using  = 0.05, test the null hypothesis that there is no difference between the groups. State very clear your hypothesis and your conclusions. You can use Excel to solve this one, but if you use Excel you must provide the output. lower class: 3,2,2,2,3,3,4,4 working class: 2,1,3,2,2,2,3,3 middle class: 2,3,1,1,2,3,3,1 upper class: 2,1,1,2,1,1,1,2

In August 2004, Bonnie Martin bought a house for $391,000. She put 20% down and financed the rest with a thirty-year loan at the then-current rate of 5 3 4 %. In 2007, the real estate market crashed. In June 2009, she had to sell her house. The best she could get was $235,000. Was this enough to pay off the loan?I got no. If so, how much did she profit? If not, how much did she have to pay out of pocket to pay off the loan? (Round your answer to the nearest cent.) I got 76150.53 which is incorrect

A bank with a branch located in a commercial district of a city has the business objective of improving the process for serving customers during the noon-to-1 pm lunch period. To do so, the waiting time (defined as the number of minutes that elapses from when the customer enters the line until he or she reaches the teller window) needs to be shortened to increase customer satisfaction. A random sample of 15 customers is selected and the waiting times are recorded. Suppose that another branch, located in a residential area, is also concerned with the noon-to-1 pm lunch period. A random sample of 15 customers is selected and the waiting times are recorded.

1. Is there evidence of a difference in the variability of the waiting times between the two branches? (Use ? = 0.05.)

2. Determine the p-value for the test in part (1) above.

3. What assumptions about the distribution of waiting times for each branch is necessary for the test you conducted in part (1) to be valid?

4. Conduct an appropriate test to compare the mean waiting times of the two branches. Report the p-value of this test and state your conclusions.

On January 1, 2017, Stream Company acquired 27 percent of the outstanding voting shares of Q-Video, Inc., for $716,000. Q-Video manufactures specialty cables for computer monitors. On that date, Q-Video reported assets and liabilities with book values of $1.6 million and $800,000, respectively. A customer list compiled by Q-Video had an appraised value of $306,000, although it was not recorded on its books. The expected remaining life of the customer list was five years with a straight-line amortization deemed appropriate. Any remaining excess cost was not identifiable with any particular asset and thus was considered goodwill.

Q-Video generated net income of $304,000 in 2017 and a net loss of $112,000 in 2018. In each of these two years, Q-Video declared and paid a cash dividend of $18,000 to its stockholders.

During 2017, Q-Video sold inventory that had an original cost of $104,000 to Stream for $160,000. Of this balance, $80,000 was resold to outsiders during 2017, and the remainder was sold during 2018. In 2018, Q-Video sold inventory to Stream for $170,000. This inventory had cost only $136,000. Stream resold $100,000 of the inventory during 2018 and the rest during 2019.

For 2017 and then for 2018, compute the amount that Stream should report as income from its investment in Q-Video in its external financial statements under the equity method. (Enter your answers in whole dollars and not in millions. Do not round intermediate calculations.)

27.Product Marketing An advertising company plans to market a product to low-income families. A study states that for a particular area, the average income per family is $24,596 and the standard deviation is $6256. If the company plans to target the bottom 18% of the families based on income, find the cutoff income. Assume the variable is normally distributed.

Answer is 18,840.48 Please show work especially on how you get -0.92 because the other problems on here don't do that. I understand it's a Z score but it doesn't correspond to 0.32. Thank you

On January 1, 2017, Stream Company acquired 27 percent of the outstanding voting shares of Q-Video, Inc., for $716,000. Q-Video manufactures specialty cables for computer monitors. On that date, Q-Video reported assets and liabilities with book values of $1.6 million and $800,000, respectively. A customer list compiled by Q-Video had an appraised value of $306,000, although it was not recorded on its books. The expected remaining life of the customer list was 5 years with a straight-line amortization deemed appropriate. Any remaining excess cost was not identifiable with any particular asset and thus was considered goodwill.

Q-Video generated net income of $304,000 in 2017 and a net loss of $112,000 in 2018. In each of these two years, Q-Video declared and paid a cash dividend of $18,000 to its stockholders.

During 2017, Q-Video sold inventory that had an original cost of $104,000 to Stream for $160,000. Of this balance, $80,000 was resold to outsiders during 2017, and the remainder was sold during 2018. In 2018, Q-Video sold inventory to Stream for $170,000. This inventory had cost only $136,000. Stream resold $100,000 of the inventory during 2018 and the rest during 2019.

For 2017 and then for 2018, compute the amount that Stream should report as income from its investment in Q-Video in its external financial statements under the equity method. (Enter your answers in whole dollars and not in millions. Do not round intermediate calculations.)

XYZ Company stock has been trading at about $27. You believe the market is assuming XYZ's modest 4% growth over the past several years and has not recognized that XYZ has new technology that will allow it to be first to market with several new products. Because of this you estimate the current EPS of $4.00 a share will grow at a 20% compound annual growth rate (CAGR) during the next 5 years. After that you think competition will probably catch up and company growth will return to 4%. Also, you note that management has announced it expects to maintain its current 50% dividend payout ratio indefinitely. If your required return is 18% what is your best estimate of XYZ's present stock value?