the following information is retrieved from Penn oil corporation for two divisions ( blending and distribution) out of its eight manufacturing divisions; the company's primary product is Luboil Oil. Each division's costs are provided below:

Blending division:

purchase of 50,000 barrels as crude oil from the secondary Treating division by $35 per barrel. In addition, Blending division paid the following internal cost:

direct material variable costs per barrel of oil $6

total fixed costs $100,000

Assume that the blending division transfer 40,000 barrel to Distribution division and the transfer price per parrel is computing by one of the following methods:

-market price of $69.1

-internal price of 180% of total variable cost

- hybrid price of $70

Distribution didision:

distribution division paid the following internal cost:

direct material variable costs per barrel of oil $10

total fixed costs $120,000

The distribution division sold 35,000 barrel to external customer by$100 per barrel

Required:

1- what is the net operating income for each division using the three transfer price methods?

2-what is the net income for both division using the three transfer price methods?

Assume a biological process can be performed in either a plug flow or completely mixed flow reactor, and the process has a first-order reaction rate K of 0.5 hr^-1. Assume an influent concentration of 100 mg/L, a regulatory required effluent concentration of 10 mg/L, and a flow rate of 100 m³/hr.

a.   What reactor volume (m³) is required if one completely mixed reactor is used?

HINT: use the equation for a first order reaction with a CMR.

b.   What reactor volume (m³) is required if one plug flow reactor is used?

The equation for CMRs-in-series with a first-order reaction is , where V is the total volume of all reactors in the series, Q is the flow rate, “n” the number of reactors, C_o is the influent concentration to the series of reactors, and C_n is the concentration after “n” reactors. The residence time (Q) of each of reactors-in-series is V/(n Q). Thus, the total residence time is: Q_total = n Q, if Q is the residence time of each reactor tank. Be careful about the volume of each reactor

c.   What is the required TOTAL volume (m³) for four completely mixed reactors in series? Note in the above equation, this total volume is “V” in the above equation.

d.   Which of a, b, and c results in the smallest reactor volume? What are the ratios of the other two total reactor volumes to the “smallest” reactor volume?

e. All other things equal (other than reactor volume and thus cost), in selection of the type of reactor what is the order of preference (for these three reactor options) that you would if you were a consulting engineer?

 Zetatron is an all-equity firm with 100 million shares outstanding, which are currently trading for $7.50 per share. A month ago, Zetatron announced it will change its capital structure by borrowing $100 million in short-term debt, borrowing $100 million in long-term debt, and issuing $100 million of preferred stock. The $300 million raised by these issues, plus another $50 million in cash that Zetatron already has, will be used to repurchase existing shares of stock. The transaction is scheduled to occur today. Assume perfect capital markets.

What is the market value balance sheet for Zetatron

i. Before this transaction?

ii. After the new securities are issued but before the share repurchase?

iii. After the share repurchase?

At the conclusion of this transaction, how many shares outstanding will Zetatron have, and what will the value of those shares be?

Market Value Balance Sheet After Each Stage of Zetatron's Leveraged Recapitalization ($ millions)

1. Prepare a sales budget for the first quarter (Q1) and the first quarter in total. The selling price per unit is $50.00.

December 50,000/ January 70,000/February 100,000 /March 60,000 / April 100,000

Past experience shows that 45% of sales are collected in the month of the sale, and 55% in the month following the sale.

2. Prepare a purchases budget for January through March, and the first quarter in total. Assume that the company only sells one product that can be purchased at $35.00 per unit. The market for this product is very competitive and customers highly value service such as quality and on time delivery of the product. Also assume that currently it is company policy that ending inventory should equal 45% of next month’s projected sales. All costs are paid in the current month except inventory purchases, which are paid in the month following the purchase (i.e. January purchases are paid in February).

3. Prepare a cash budget for January through March and for the first quarter in total. The company maintains a minimum cash balance of $70,000, and this was the balance in the cash account on January 1^st. Other expenses include $35,000 per month for rent, $24,000 per month for advertising, and $66,000 per month for depreciation. In addition, variable Selling & Administrative cost is $12 per unit sold, and the company paid a $20,000 dividend in February.

The company has an open line of credit with a bank and can borrow at an annual rate of 12%.
For simplification assume that all loans are made at the beginning of the month when borrowing is needed, and repayments are made at the end of a month if there is enough cash to make the payment. Also, interest associated with a loan is only paid at the time when that loan or a portion thereof is paid. Additionally, all loans and repayments (not the interest portion) can only be made in increments of $1000 and the company would like to pay its debts, or a portion thereof, as soon as it has enough cash to do so.

4. Prepare the Budgeted Income Statement based on the information given above.

5. Repeat steps 2-4 for budget scenarios B and C using the following Desired Ending Inventory assumptions:

Write the pseudocode that prompts the user for their first and last name. Display the first initial of their first name and their last name to the user.

Ask the user to input a phone number.

The program checks which part of Colorado a phone number is from using the values below.

If the second digit of the phone number is one of the below digits, print the phone number and which part of Colorado it is from. If none of the digits are entered, display the phone number and state it is not in Colorado.

If the number is in Estes Park, the user should see: phone number + “is in Estes Park, it is time to go pick up your new Corgi puppy!”

If the second digit of a phone number is:

0 = Boulder

1 = Colorado Springs

2 = Denver

7 = Estes Park

There are 218 first-graders in an elementary school. Of these first graders, 86 are boys and 132 are girls. School wide, there are 753 boys and 1063 girls. The principal would like to know if the gender ratio in first grade reflects the gender ratio school wide. a. Identify the hypothesis. b. What are the degrees of freedom (df)? c. Complete this table in SPSS and paste the output below to replace it: Men Women No. Observed No. Expected No. Observed No. Expected d. Calculate χ² in SPSS and paste the output below. e. Can you reject the null hypothesis at α = .05? Explain why or why not. c. Complete this table in SPSS and paste the output below to replace it: Men Women No. Observed No. Expected No. Observed No. Expected d. Calculate χ² in SPSS and paste the output below. e. Can you reject the null hypothesis at α = .05? Explain why or why not.

how do you set this up in SPSS?

: There are 218 first-graders in an elementary school. Of these first graders, 86 are boys and 132 are girls. School wide, there are 753 boys and 1063 girls. • Instructions: The principal would like to know if the gender ratio in first grade reflects the gender ratio school wide What are the degrees of freedom (df)?

Complete this table in SPSS and paste the output below to replace it:

Calculate χ² in SPSS and paste the output below.

e. Can you reject the null hypothesis at α = .05? Explain why or why not

1. Prepare a sales budget for the first quarter (Q1) and the first quarter in total. The selling price per unit is $50.00.

December of the previous year    10,000

January                                     70,000

February                                    30,000

March                                        50,000

April                                          80,000

Past experience shows that 45% of sales are collected in the month of the sale, and 55% in the month following the sale.

2. Prepare a purchases budget for January through March, and the first quarter in total. Assume that the company only sells one product that can be purchased at $35.00 per unit. The market for this product is very competitive and customers highly value service such as quality and on time delivery of the product. Also assume that currently it is company policy that ending inventory should equal 45% of next month’s projected sales. All costs are paid in the current month except inventory purchases, which are paid in the month following the purchase (i.e. January purchases are paid in February).

3. Prepare a cash budget for January through March and for the first quarter in total. The company maintains a minimum cash balance of $70,000, and this was the balance in the cash account on January 1^st. Other expenses include $35,000 per month for rent, $24,000 per month for advertising, and $66,000 per month for depreciation. In addition, variable Selling & Administrative cost is $12 per unit sold, and the company paid a $20,000 dividend in February.

The company has an open line of credit with a bank and can borrow at an annual rate of 12%.
For simplification assume that all loans are made at the beginning of the month when borrowing is needed, and repayments are made at the end of a month if there is enough cash to make the payment. Also, interest associated with a loan is only paid at the time when that loan or a portion thereof is paid. Additionally, all loans and repayments (not the interest portion) can only be made in increments of $1000 and the company would like to pay its debts, or a portion thereof, as soon as it has enough cash to do so.

4. Prepare the Budgeted Income Statement based on the information given above.

Label the budgets prepared in Steps 1-4 as budget scenario A.

5. Repeat steps 2-4 for budget scenarios B and C using the following Desired Ending Inventory assumptions:

6. Write a brief analysis of the three inventory policies depicted in the budget scenarios A, B and C and recommend a policy that the company should implement. Give reasons for your recommendation. Your write-up should be based on the results you obtained from the analyses in steps 1-5 above. Assume that you are writing on behalf of a professional consultant advising the President of the company about the company’s inventory policies. Your write-up should be in the form of a one-page Memo to the President of the company. Organization, grammar, and spelling are important.