Problem 5-14 Analysis of Work in Process T-account-Weighted-Average Method [LO5-1, LO5-2, LO5-3, LO5-4]

Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below:

The May 1 work in process inventory consisted of 70,000 pounds with $142,100 in materials cost and $86,100 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 341,000 pounds were started into production. The May 31 inventory consisted of 121,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted-average method in its process costing system.

Required:

1. Compute the Grinding Department's equivalent units of production for materials and conversion in May.

2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May.

3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May.

4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May.

Problem 5-35 (LO 5-1, 5-2, 5-3, 5-4, 5-5, 5-6, 5-7)

The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2018, follow. Gibson acquired a 60 percent interest in Keller on January 1, 2017, in exchange for various considerations totaling $960,000. At the acquisition date, the fair value of the noncontrolling interest was $640,000 and Keller’s book value was $1,280,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $320,000. This intangible asset is being amortized over 20 years.

Gibson sold Keller land with a book value of $65,000 on January 2, 2017, for $150,000. Keller still holds this land at the end of the current year.

Keller regularly transfers inventory to Gibson. In 2017, it shipped inventory costing $259,000 to Gibson at a price of $370,000. During 2018, intra-entity shipments totaled $420,000, although the original cost to Keller was only $273,000. In each of these years, 20 percent of the merchandise was not resold to outside parties until the period following the transfer. Gibson owes Keller $70,000 at the end of 2018.

(Note: Parentheses indicate a credit balance.)

Prepare a worksheet to consolidate the separate 2018 financial statements for Gibson and Keller.

How would the consolidation entries in requirement (a) have differed if Gibson had sold a building with a $170,000 book value (cost of $360,000) to Keller for $320,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer.

Prepare a worksheet to consolidate the separate 2018 financial statements for Gibson and Keller. (Do not round intermediate calculations. For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Amounts in the Debit and Credit columns should be entered as positive. Negative amounts for the Noncontrolling Interest and Consolidated Totals columns should be entered with a minus sign.)

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How would the consolidation entries in requirement (a) have differed if Gibson had sold a building with a $170,000 book value (cost of $360,000) to Keller for $320,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Problem 5-27 (LO 5-1, 5-2, 5-3, 5-4, 5-5, 5-7)

Pitino acquired 90 percent of Brey's outstanding shares on January 1, 2016, in exchange for $513,000 in cash. The subsidiary's stockholders' equity accounts totaled $497,000 and the noncontrolling interest had a fair value of $57,000 on that day. However, a building (with a ten-year remaining life) in Brey's accounting records was undervalued by $51,000. Pitino assigned the rest of the excess fair value over book value to Brey's patented technology (five-year remaining life).

Brey reported net income from its own operations of $83,000 in 2016 and $99,000 in 2017. Brey declared dividends of $28,500 in 2016 and $32,500 in 2017.

At December 31, 2018, Pitino owes Brey $35,000 for inventory acquired during the period.

The following separate account balances are for these two companies for December 31, 2018, and the year then ended.

Note: Parentheses indicate a credit balance.

What was the annual amortization resulting from the acquisition-date fair-value allocations?

Were the intra-entity transfers upstream or downstream?

What intra-entity gross profit in inventory existed as of January 1, 2018?

What intra-entity gross profit in inventory existed as of December 31, 2018?

What amounts make up the $105,255 Equity Earnings of Brey account balance for 2018?

What is the net income attributable to the noncontrolling interest for 2018?

What amounts make up the $645,300 Investment in Brey account balance as of December 31, 2018?

Prepare the 2018 worksheet entry to eliminate the subsidiary’s beginning owners’ equity balances.

Without preparing a worksheet or consolidation entries, determine the consolidation balances for these two companies.

Problem 5-50 Activity-Based Costing; Analysis of Operations (LO 5-1, 5-2, 5-4, 5-5, 5-7, 5-10)

Grady and Associates performs a variety of activities related to information systems and e-commerce consulting in Toronto, Canada. The firm, which bills $160 per hour for services performed, is in a very tight local labor market and is having difficulty finding quality help for its overworked professional staff. The cost per hour for professional staff time is $70. Selected information follows.

• Billable hours to clients for the year totaled 8,000, consisting of information systems services, 4,800; e-commerce consulting, 3,200.
• Administrative cost of $411,760 was (and continues to be) allocated to both services based on billable hours. These costs consist of staff support, $220,200; in-house computing, $155,000; and miscellaneous office charges, $36,560.

A recent analysis of staff support costs found a correlation with the number of clients served. In-house computing and miscellaneous office charges varied directly with the number of computer hours logged and number of client transactions, respectively. A tabulation revealed the following data:

Required:
2. Assume that the firm uses traditional costing procedures, allocating total costs on the basis of billable hours. Determine the profitability of the firm’s information systems and e-commerce activities, expressing your answer both in dollars and as a percentage of activity revenue.
3. Assume that the firm uses activity-based costing. Determine the profitability of the firm’s information systems and e-commerce activities, expressing your answer both in dollars and as a percentage of activity revenue.
4. Jeffrey Grady, one of the firm’s partners, doesn’t care where his professionals spend their time because, as he notes, “many clients have come to expect both services and we need both to stay in business. Also, information systems and e-commerce professionals are paid the same hourly rate.” Should Grady’s attitude change?

I need # 3.

Please answer and explain questions 1 to 4 from this problem thanks. Class: Game Theory

Problem 1

Two players, A and B play the following game. First Player A must choose IN or OUT. If Player A chooses OUT the game ends, and the payoffs are Player A gets 4, and Player B gets 0. If Player A chooses IN then Player B observes this and must then choose in or out. If Player B chooses out the game ends, and the payoffs are Player B gets 4, and Player A gets 0. If Player A chooses IN and Player B chooses in then they play the following simultaneous-move game described in Table 1:

1. Draw a game tree that represents this situation. How many proper subgames does it have?
2. Are there other game trees that would work? Explain briefly.
3. Construct the matrix representation of the normal form of this dynamic game.
4. Find all the Nash and subgame perfect equilibria in pure strategies of the dynamic game.

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HW-20: Arduino - Motor Speed.problem

Arduino - Measuring Motor Speed

Arduino sketch with corresponding line numbers per coding line.
Match line # 1 through #17 with the corresponding instruction purpose.
_____________________________________________________________________

1.   int count = 0;
     float f = 0;
     float PPR = 500;
     float RPM= 0;

2.   void setup()
3.      pinMode(2,INPUT);
4.      attachInterrupt(0,freq,RISING);
5.      Serial.begin(9600);

6.    void loop()
      {
7.      count=0;
8.      delay(100);
9.      f=10*count;
10.    RPM=f/PPR;
11.    Serial.print(count);
12.    Serial.print(" Pulses/100ms");
13.    Serial.print("\t");
14.    Serial.print(f);
15.    Serial.println(" Hz");
       }

16.   void freq()
        { 
17.      count=count++; 
        }

 1 2 3 4 5  Establish inputs and outputs 
 1 2 3 4 5  Declare Variables 
 1 2 3 4 5  Establish output communications with the monitor 
 1 2 3 4 5  Declare digital input pin 
 1 2 3 4 5  Establish interrupt digital input pin, name and mode 
 Tries 0/2
 6 7 8 9 10  Establish initial count value within the running program loop 
 6 7 8 9 10  Infinite loop - running program 
 6 7 8 9 10  Calculate revolutions per minute 
 6 7 8 9 10  Calculate freqency 
 6 7 8 9 10  Delay 100 ms while counting interrupt pulses 
 Tries 0/2
 11 12 13 14 15  Print text "Pulses/100ms" to monitor 
 11 12 13 14 15  Print count value to monitor 
 11 12 13 14 15  Print text " Hz" to monitor then line feed 
 11 12 13 14 15  Print frequency value to monitor 
 11 12 13 14 15  Print tab spacing to monitor 
 Tries 0/2
 16 17  Interrupt subroutine 
 16 17  Add one to the count which is accumulating the number of pulses in 100ms 
 Tries 0/2

A Company produces two products. Relevant information for each product is shown in the Table below. The company has a goal of $48 in profits and incurs $1 penalty for each dollar it falls short of this goal. A total of 32 hours of labor are available. A $2 penalty is incurred for each hour of overtime (labor over 32 hours) used, and $1 penalty is incurred for each hour of available labor that is unused. Marketing considerations require at least 5 units of product 1 and 10 units of product 2 be produced. For each unit of either product by which production falls short of demand, a penalty of $5 is assessed.
Product 1 - Product 2
Labor Required - 4 hours - 2 hours
Contribution to profit - $4 - $2

1. Formulate a weighted goal programming that can be used to minimize the penalty incurred by the company. Do NOT solve, just formulate.
2. Suppose that company sets (in order of importance) the following goals:
a. Goal 1: Avoid underutilization of labor
b. Goal 2: Meet demand for product 1
c. Goal 3: Meet demand for product 2
d. Goal 4: Do not use overtime
Formulate and solve the preemptive goal programming model for this situation using Excel solver. Describe clearly the optimal solution to this problem using a managerial statement.

(using single linkedlist c++)In this assignment, you will implement a Polynomial linked list(using single linkedlist only), the coefficients and exponents of the polynomial are defined as a node. The following 2 classes should be defined. p1=23x 9 + 18x 7+3 1. Class Node ● Private member variables: coefficient (double), exponents (integer), and next pointer. ● Setter and getter functions to set and get all member variables ● constructor 2. Class PolynomialLinkedList ● Private member variable to represent linked list (head) ● Constructor ● Public Function to create a Node ● Public function to insert the Node to the linked list (sorted polynomial according to the exponent). ● Public function to print the polynomial in the elegant format: 23x 9 + 18x 7+3 ● Overloaded public function to allow adding two polynomials poly3=poly1+poly2 (23x 9 + 9x 7+3)+(2x 4+3x 7+8x 2 -6) =23x 9 +12 x 7+2x 4+8x 2 -3 ● Overloaded public function to allow negating (!) the sign of any polynomial poly3=!poly1 2x 4+3x 7+8x 2 -6 =- 2x 4 -3x 7+8x 2+6 ● Overloaded public function to allow multiplying two polynomials ● Public function to evaluate polynomial based on an input If x=1, then the value of this polynomial 2x 4+3x 7+8x 2 -6 should be 2(1) 4+3(1) 7+8(1) 2 -6 =7 3. Main ● Main menu to test the following tasks ○ cout << "1. Create polynomial \n"; ○ cout << "2. Print polynomial \n"; ○ cout << "3. Add two polynomilas \n"; ○ cout << "4. Negate polynomial \n"; ○ cout << "5. Multiply two polynomials \n "; ○ cout << "6. Evaluate polynomial \n "; ○ cout << "7. Exit \n";(using single linkedlist only)(using single linkedlist only)(using single linkedlist only)(using single linkedlist only)(using single linkedlist only)(using single linkedlist only)(using single linkedlist only)(using single linkedlist only)(using single linkedlist only)

Part 1: Probability

1. A question on a multiple-choice test has 10 questions each with 4 possible answers (a,b,c,d).
What is the probability that you guess all the answers to the 10 questions correctly (earn 100%)?

2. If you ask three strangers about their birthdays, what is the probability
a. All were born on Wednesday?
b. What is the probability that all three were born in the same month?
c. All were born on different days of the week?
d. None was born on Saturday?

3. An automobile dealer decides to select a month for its annual sale. Find the probability that it will be September or October.
4. Consider the example of finding the probability of selecting a black card or a 6 from a deck of 52 cards.

5. The probability that s student owns a car is 0.65, and the probability that a student owns a computer is 0.82.

a. If the probability that a student owns both is 0.55, what is the probability that a randomly selected student owns a car or computer?
b. What is the probability that a randomly selected student does not own a car or computer?
6. If 2 cards are selected from a standard deck of cards. The first card is placed back in the deck before the second card is drawn. Find the following probabilities:
a) P(Heart and club) b) P(Red card and 4 of spades) c) P(Spade and Ace of hearts)

7. If 2 cards are selected from a standard deck of cards. The first card is not replaced in the deck before the second card is drawn. Find the following probabilities:
a) P(2 Aces) b) P(Queen of hearts and a King) c) P(Q of Hearts and Q of hearts )
8. A flashlight has 6 batteries, 2 of which are defective. If 2 are selected at random without replacement, find the probability that both are defective.
9. You take a trip by air that involves three independent flights. If there is an 80% chance each specific leg of the trip is on time, what is the probability all three flights arrive on time?