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)?

a. Molly started the business by depositing $5,000 in a business checking account on April 1 in exchange for common stock.

b. The company provided services to clients and received $4,215 in cash.

c. The company borrowed $1,200 from the bank for the business by signing a note.

d. The company paid $1,125 of operating expenses.

e. The company purchased a new computer for $3,000 cash to use to keep track of its? customers, starting next month.

f. The company distributed $1,050 to the owner as dividends.

Income Statement and Balance Sheet

Green Bay Corporation began business in July 2017 as a commercial fishing operation and a passenger service between islands. Shares of stock were issued to the owners in exchange for cash. Boats were purchased by making a down payment in cash and signing a note payable for the balance. Fish are sold to local restaurants on open account, and customers are given 15 days to pay their account. Cash fares are collected for all passenger traffic. Rent for the dock facilities is paid at the beginning of each month. Salaries and wages are paid at the end of the month. The following amounts are from the records of Green Bay Corporation at the end of its first month of operations:

1. Using the data given, prepare an income statement for the month ended July 31, 2017.

2. Using the data given, prepare a balance sheet at July 31, 2017.

3. While assessing the long-term viability of the Notes Payable, which of the following would you least consider?

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

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?