Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement: Inventories $ 205,000

Total assets $ 1,730,000

Current ratio 3.8

Acid-test ratio 2.80

Debt to equity ratio 1.5

Required:

Compute the current assets for Bronco:

Calculate the expected life of N (# of cycles) in a compression spring with the specifications.

Material: 302 Stainless Steel

End type: closed

Overall Length: 2"

OD: 0.5"

ID: 0.406"

Wire Diameter: 0.047"

Wire Shape: Round

Compressed Lenght: 1.35"

Maximum Load: 3.8 lbs

Rate: 5.85 lbs/in

RoHS: Compliant

If you wished to construct an optimal risky portfolio with these two assets, what is the percentage this portfolio would consist of for risk asset 1? And risk asset 2?

Growth Rate: 3.2%

Unemployment Rate: 3.8%

12 Month Core PCE Inflation: 2%

Funds Rate: 2.5%

Explain the relationship between these 4 variables given the initial conditions (the given rates). Are these rates collectively consistent with what we would expect from basic economic models such as Phillips curve, IS-LM, etc?

Test the indicated claim about the means of two populations. Assume that the two samples are independent simple random samples selected from normally distributed populations. 1) A researcher was interested in comparing the GPAs of students at two different colleges. Independent random samples of 8 students from college A and 13 students from college B yielded the following GPAs: College A College B 3.7 3.8 2.8 3.2 3.2 4.0 3.0 3.0 3.6 2.5 3.9 2.6 2.7 3.8 4.0 3.6 2.5 3.6 2.8 3.9 3.4 Use a 0.10 significance level to test the claim that the mean GPA of students at college A is different from the mean GPA of students at college B. (Note: x1 = 3.1125, x2 = 3.4385, s1 = 0.4357, s2 = 0.5485.) Make sure to include all steps of a hypothesis test in your answer.

STEP 1:

STEP 2:

STEP 3:

STEP 4:

STEP 5:

STEP 6:

Is there a positive relationship between grit and GPA in high school seniors? A researcher examined this issue by having students beginning their senior year of high school complete a grit inventory using a Likert-based scale (range 1 – 7), where higher numbers indicate more “grit”. GPA was self-reported (scale 0 – 4.0). Enter the data shown here into SPSS to assess whether there is a positive relationship between grit and GPA.  

roduction Budget and Direct Materials Purchases Budgets

Peanut Land Inc. produces all-natural organic peanut butter. The peanut butter is sold in 12-ounce jars. The sales budget for the first four months of the year is as follows:

Company policy requires that ending inventories for each month be 15% of next month's sales. At the beginning of January, the inventory of peanut butter is 38,000 jars.

Each jar of peanut butter needs two raw materials: 24 ounces of peanuts and one jar. Company policy requires that ending inventories of raw materials for each month be 20% of the next month's production needs. That policy was met on January 1.

Required:

1. Prepare a production budget for the first quarter of the year. Show the number of jars that should be produced each month as well as for the quarter in total.

Feedback

The production budget is in units. Fill in the units for sales from the amounts provided. The desired ending inventory is added to the number of units to be produced and is calculated based on future sales. Beginning inventory is subtracted to determine units to be produced. Beginning inventory is given for the first month and is carried forward from the previous month for later months.

Review the "How to Prepare a Production Budget" example in the text.

2. Prepare a direct materials purchases budget for jars for the months of January and February.

Feedback

Fill in the units produced from Requirement 1.

Production in units x Materials per unit = Direct Materials Needed for Production

The desired ending inventory for materials is added to the materials to be purchased and is calculated based on future production. Note that the percentage of desired materials inventory does not match the percentage of desired completed inventory. Beginning inventory is calculated from current month production for the first month and is carried forward from the previous month for later months.

Direct Materials Needed for Production + Direct Materials in Desired Ending Inventory – Direct Materials in Beginning Inventory = Purchases

Review the "How to Prepare a Direct Materials Purchases Budget" example in the text.

Prepare a direct materials purchases budget for peanuts for the months of January and February.

Please answer the following question

Travel In Style Limited issued $1,000,000 of 9% bonds on September 1, 2017 for $1,058,671. The term of the bonds is September 1, 2017 to September 1, 2025, with interest payable quarterly each December 1, March 1, June 1, and September 1. The company uses the effective interest method with an effective rate of 8%.

1) Prepare the company’s journal entry for the September 1 issuance.

2) Prepare the company’s journal entry for the December 1 interest payment.

Martinez Company sells 8% bonds having a maturity value of $2,510,000 for $2,319,700. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1.

Determine the effective-interest rate. (Round answer to 0 decimal places, e.g. 18%.) Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 38,548.)