Kitchen Supply, Inc. (KSI), manufactures three types of flatware: institutional, standard, and silver. It applies all indirect costs according to a predetermined rate based on direct labor-hours. A consultant recently suggested that the company switch to an activity-based costing system and prepared the following cost estimates for year 2 for the recommended cost drivers.

In addition, management estimated 7,700 direct labor-hours for year 2.

Assume that the following cost driver volumes occurred in January, year 2:

Actual labor costs were $14 per hour.

Required:

a.

(1) Compute a predetermined overhead rate for year 2 for each cost driver using the estimated costs and estimated cost driver units prepared by the consultant. (Round your answers to 2 decimal places.)

(2) Compute a predetermined rate for year 2 using direct labor-hours as the allocation base.

b. Compute the production costs for each product for January using direct labor-hours as the allocation base and the predetermined rate computed in requirement a(2).(Do not round intermediate calculations.)

c. Compute the production costs for each product for January using the cost drivers recommended by the consultant and the predetermined rates computed in requirement a. (Note: Do not assume that total overhead applied to products in January will be the same for activity-based costing as it was for the labor-hour-based allocation.) (Do not round intermediate calculations.)

Thank you for your time and help!

1. Assume there is no migration in or out of the country. Is this True or False and explain your answer:

a. Two countries that have the same birth rate and same death rate will have the same population growth rate.

b. Two countries that have the same mortality rates and same fertility rates will have the same population growth rate

2. “If two countries have the same fertility rate, mortality rate and net migration rate, they will experience the same population growth rate.” Is this statement True, False or Uncertain? Explain your answer.

3. What is "demographic transition" and what are its key determinants?

4. Define the following variables:

a. birth rate vs. fertility rate

b. death rate vs. mortality rate

5. What is population growth rate equal to?

6. Take two countries, A and B, each has 100 mil population and in both countries 50% population is poor. Assume the poverty line is $1 per day. Below are two distributions of income in these countries. For each country, calculate the PG and APG. In which country poverty is more severe?

7. What is the main difference in prediction between the Lewis model and the Harris-Todaro model on rural to urban migration?

8. Draw the Lorenz curve and calculate the Gini coefficient for two countries based on the following decile income share data, where the poorest decile is on the left and the richest is on the right. What can you infer from the comparision of the Gini coefficents between these two countries?

Country A: 30 20 15 10 5   5   5 5   3 2

Country B: 20 15 10 10 10 10 10 10 4 1

9. Give 3 theories for why income equality can be bad for economic growth. Provide your own view on this question.

Write code for a short method that does the following:

• accepts two strings as parameters, first name, and last name;
• Outputs the following message, concatenated together in one line of output:

A stone is dropped at t = 0. A second stone, with 6 times the mass of the first, is dropped from the same point at t = 130 ms. (a) How far below the release point is the center of mass of the two stones at t = 350 ms? (Neither stone has yet reached the ground.) (b) How fast is the center of mass of the two-stone system moving at that time?

Problem 16-7 Multiple differences; calculate taxable income; balance sheet classification [LO16-4, 16-6, 16-8] Sherrod, Inc., reported pretax accounting income of $74 million for 2018. The following information relates to differences between pretax accounting income and taxable income: Income from installment sales of properties included in pretax accounting income in 2018 exceeded that reported for tax purposes by $7 million. The installment receivable account at year-end had a balance of $8 million (representing portions of 2017 and 2018 installment sales), expected to be collected equally in 2019 and 2020. Sherrod was assessed a penalty of $3 million by the Environmental Protection Agency for violation of a federal law in 2018. The fine is to be paid in equal amounts in 2018 and 2019. Sherrod rents its operating facilities but owns one asset acquired in 2017 at a cost of $68 million. Depreciation is reported by the straight-line method assuming a four-year useful life. On the tax return, deductions for depreciation will be more than straight-line depreciation the first two years but less than straight-line depreciation the next two years ($ in millions): Income Statement Tax Return Difference 2017 $ 17 $ 22 $ (5 ) 2018 17 29 (12 ) 2019 17 10 7 2020 17 7 10 $ 68 $ 68 $ 0 Warranty expense of $3 million is reported in 2018. For tax purposes, the expense is deducted when costs are incurred, $2 million in 2018. At December 31, 2018, the warranty liability was $2 million (after adjusting entries). The balance was $1 million at the end of 2017. In 2018, Sherrod accrued an expense and related liability for estimated paid future absences of $14 million relating to the company’s new paid vacation program. Future compensation will be deductible on the tax return when actually paid during the next two years ($8 million in 2019; $6 million in 2020). During 2017, accounting income included an estimated loss of $2 million from having accrued a loss contingency. The loss is paid in 2018 at which time it is tax deductible. Balances in the deferred tax asset and deferred tax liability accounts at January 1, 2018, were $1.2 million and $2.4 million, respectively. The enacted tax rate is 40% each year. Required: 1. Determine the amounts necessary to record income taxes for 2018 and prepare the appropriate journal entry. 2. What is the 2018 net income? 3. Show how any deferred tax amounts should be classified and reported in the 2018 balance sheet.

Create two data documents containing a patientRecord

– one in XML and another in JSON

format

Your patientRecord must contain the following data:

-A patient’s name & ID number

-The date of his/her last appointment & the date of the last update

-The patient’s allergies – you must include 2 – one for a food allergy and one for a drug

allergy

-The patient’s preference – you must include 2 – one for a doctor and one for his/her

method of contact (which would have a value of text, phone, or email)

a. Two dice are rolled; find the probability that the sum of the two numbers is 7.

b. If one card is drawn from a standard deck, find the probability of getting a spade card or a Queen.

c. A couple has 3 children, find the probability that exactly one are girls.

QUESTION 5. Company X wants to procure products from two different suppliers it has determined, but has doubted the quality of these suppliers' products. For this reason, he took random samples from both suppliers before placing their exact orders. He bought 50 products randomly from supplier A, and their average survival time was 153 hours and standard deviation was 10 hours. The average duration of 50 products bought from supplier B was 150 hours and the standard deviation was 5 hours. Accordingly, what is the probability that the difference between the two suppliers' durability of their products will be more than 7 hours?

A company sells two products, Product A and Product B. Assume that the variable costs for each product are $7. In a particular market, men and women value the two products as follows:

1. If management is considering offering a bundle containing both products, what is the maximum price that could be charged for this bundle? Justify your answer.
2. If the company’s goal is to maximize profits, should these products be offered only bundled together, offered only separately, or offered both bundled together and separately? Justify your answer.