Questions
1. The following data was taken from the general ledger and other records of Marwick Manufacturing...

1. The following data was taken from the general ledger and other records of Marwick Manufacturing Co. at January31, the end of the first month of operations in the current fiscal year: Sales $650,000 Inventories at January 1: Materials inventory 25,000 Work in process inventory 29,000 Finished goods inventory 48,000 Inventories at January 31: Materials inventory 20,000 Work in process inventory 32,000 Finished goods inventory 54,000 Materials purchased 154,000 Labor Costs: Assembly workers’ wages 185,000 Supervisors’ salaries 30,000 Sales personnel salaries 52,000 Depreciation: Factory building 73,000 Sales office 28,000 Indirect materials used 3,000 Factory utilities 67,000 a. Prepare a statement of cost of goods manufactured. b. Determine the cost of goods sold for the month.

In: Accounting

The Trump government in the US has adopted trade protectionism since the first day that president...

The Trump government in the US has adopted trade protectionism since the first day that president Trump came to the oval office in the white house. During 2018 and 2019, the US had increased tariffs on the majority of the imported goods from China. Meanwhile, China also retaliated by increasing its tariff on imports from the US.

  1. a) What will be the impacts of the tariff on the trade volume between the US and China?

  2. b) Who pay for the US tariffs on the imports of Chinese goods?

  3. c) Conduct welfare analysis for the US import tariff.

  4. d) President Trump blamed China for the large goods trade deficits. Explain why the goods trade deficits are not a good measure of bilateral sale balance.

  5. e) Who are the winners and losers of the US-China Trade War?

In: Economics

In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought...

In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $6 on January 1, (2) 600 units at $8 on January 8, and (3) 870 units at $9 on January 29. Assume 1,070 units are on hand at the end of the month.

Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the (a) FIFO, (b) LIFO, and (c) weighted average cost flow assumptions. Assume perpetual inventory system and sold 800 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.)

FIFO LIFO Weighted Average Cost
Goods Available for Sale
Cost of Goods Sold
Ending Inventory

In: Accounting

Bill's Bakery has current earnings per share of $2.98. Current book value is $4.90 per share....

Bill's Bakery has current earnings per share of $2.98. Current book value is $4.90 per share. The appropriate discount rate for Bill's Bakery is 11 percent. Calculate the share price for Bill's Bakery if earnings grow at 3.8 percent forever. (Do not round intermediate calculations. Round your answer to 2 decimal places.) What is the share price

In: Finance

Coupon rate 3.54% 6.10% Maturity (yrs) 4 23 Par value $3.8 million $8.1 million Price 103%...

Coupon rate 3.54% 6.10%
Maturity (yrs) 4 23
Par value $3.8 million $8.1 million
Price 103% 95%

δelta Corp. has two bond issues outstanding as described in the table above. Both bonds pay interest semiannually. δelta Corp.'s tax rate is 39%. What is the firm's weighted average aftertax cost of debt?

In: Finance

5. A company has gross fixed assets of $15 million on Jan.1 with accumulated depreciation of...

5. A company has gross fixed assets of $15 million on Jan.1 with accumulated depreciation of $3.8 million and continuing annual depreciation expense of $300,000. On Jan.1, the firm buys a new machine costing $600,000. The new machine will be depreciated straight line over an 8 year life with no salvage value. Calculate the net fixed assets at the end of the year.

In: Finance

An asset’s price is $29.00 and its volatility is 29% per year. A European put on...

An asset’s price is $29.00 and its volatility is 29% per year. A European put on the asset has an exercise price of $30.00, eighteen months until expiration, and the risk-free interest rate is 3.8% per year. According to a two-period binomial option pricing model, what is the option’s value?

A)

$3.07

B)

$3.54

C)

$2.53

D)

$4.78

E)

$3.48

In: Finance

Given the following atomic weights, that the density of acetic acid is 1.05, and that 5.3...

Given the following atomic weights, that the density of acetic acid is 1.05, and that 5.3 g of isoamyl alcohol, 7.6 mL of acetic acid, and 0.5 mL of sulfuric acid make 3.8 g of isoamyl acetate, what is the % yield of isoamyl acetate from its limiting reagent? Give at least two significant figures. C = 12, H = 1, O =16

In: Chemistry

Consider a 2-year bond with a principal of $100 that provides coupons at the rate of...

Consider a 2-year bond with a principal of $100 that provides coupons at the rate of 3.8% per annum semiannually. Suppose the yield on this bond is 6.1% per annum with continuous compounding.

(a) What is the duration of this bond?

(b) Suppose the yield on this bond increases by 0.1%.

i. Calculate the new bond price exactly.

ii. Estimate the new bond price approximately using duration.

In: Finance

1.) The file cats.csv contains a data set consisting of the body weight (in kilograms) and...

1.) The file cats.csv contains a data set consisting of the body weight (in kilograms) and heart weight (in grams) for 12 cats. Give the estimated regression line using the body weight as the predictor variable (x-variable) and the heart weight as the response variable (y-variable). Also, provide interpretations in terms of the problem for the slope and the y-intercept.

2.) The file cats.csv contains a data set consisting of the body weight (in kilograms) and heart weight (in grams) for 12 cats. Give the correlation coefficient and the coefficient of determination. Provide interpretations for both of these.

3.) The file cats.csv contains a data set consisting of the body weight (in kilograms) and heart weight (in grams) for 12 cats. Give the point estimate and 99% confidence interval for the mean heart weight of cats whose body weights are 2.4 kilograms. Give an interpretation for the 99% confidence interval.

cats.csv file is

bwt hwt
2.6 9.8
3.8 16.3
3.7 16.2
3.4 16.3
2 7.7
3.8 13.3
2.5 10.5
2.1 8.7
2.1 7.3
3.1 13.7
3.6 14.4
3.2 13.4

In: Math