At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:
| Cash balance, September 1 (from a summer job) | $7,580 |
| Purchase season football tickets in September | 100 |
| Additional entertainment for each month | 260 |
| Pay fall semester tuition in September | 4,100 |
| Pay rent at the beginning of each month | 370 |
| Pay for food each month | 210 |
| Pay apartment deposit on September 2 (to be returned December 15) | 500 |
| Part-time job earnings each month (net of taxes) | 940 |
a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.
| Craig Kovar | ||||
| Cash Budget | ||||
| For the Four Months Ending December 31 | ||||
| September | October | November | December | |
| Estimated cash receipts from: | ||||
| $ | $fill in the blank 20ce4cf9d042fd5_3 | $fill in the blank 20ce4cf9d042fd5_4 | $fill in the blank 20ce4cf9d042fd5_5 | |
| fill in the blank 20ce4cf9d042fd5_7 | ||||
| Total cash receipts | $fill in the blank 20ce4cf9d042fd5_8 | $fill in the blank 20ce4cf9d042fd5_9 | $fill in the blank 20ce4cf9d042fd5_10 | $fill in the blank 20ce4cf9d042fd5_11 |
| Less estimated cash payments for: | ||||
| $fill in the blank 20ce4cf9d042fd5_13 | ||||
| fill in the blank 20ce4cf9d042fd5_15 | $fill in the blank 20ce4cf9d042fd5_16 | $fill in the blank 20ce4cf9d042fd5_17 | $fill in the blank 20ce4cf9d042fd5_18 | |
| fill in the blank 20ce4cf9d042fd5_20 | ||||
| fill in the blank 20ce4cf9d042fd5_22 | fill in the blank 20ce4cf9d042fd5_23 | fill in the blank 20ce4cf9d042fd5_24 | fill in the blank 20ce4cf9d042fd5_25 | |
| fill in the blank 20ce4cf9d042fd5_27 | fill in the blank 20ce4cf9d042fd5_28 | fill in the blank 20ce4cf9d042fd5_29 | fill in the blank 20ce4cf9d042fd5_30 | |
| fill in the blank 20ce4cf9d042fd5_32 | ||||
| Total cash payments | $fill in the blank 20ce4cf9d042fd5_33 | $fill in the blank 20ce4cf9d042fd5_34 | $fill in the blank 20ce4cf9d042fd5_35 | $fill in the blank 20ce4cf9d042fd5_36 |
| Cash increase (decrease) | $fill in the blank 20ce4cf9d042fd5_37 | $fill in the blank 20ce4cf9d042fd5_38 | $fill in the blank 20ce4cf9d042fd5_39 | $fill in the blank 20ce4cf9d042fd5_40 |
| fill in the blank 20ce4cf9d042fd5_42 | fill in the blank 20ce4cf9d042fd5_43 | fill in the blank 20ce4cf9d042fd5_44 | fill in the blank 20ce4cf9d042fd5_45 | |
| Cash balance at end of month | $fill in the blank 20ce4cf9d042fd5_46 | $fill in the blank 20ce4cf9d042fd5_47 | $fill in the blank 20ce4cf9d042fd5_48 | $fill in the blank 20ce4cf9d042fd5_49 |
b. Are the four monthly budgets that are
presented prepared as static budgets or flexible budgets?
c. What are the budget implications for Craig Kovar?
Craig can see that his present plan sufficient cash. If Craig did not budget but went ahead with the original plan, he would be $fill in the blank 918bcdf8d05207b_3 at the end of December, with no time left to adjust.
In: Accounting
An Australian investor bought shares in British Telecom at the start of the year for £108 per share and sold them at the end of the year for £122 per share. During the year they paid a dividend of £9 per share. Over the year, the exchange rate went from A$1.84/£ to A$1.82/£. What was the total Australian dollar return, in percent, on this investment for the year? (if your answer is 18.85%, please enter 0.1885, not 18.85%) An Australian investor bought shares in British Telecom at the start of the year for £108 per share and sold them at the end of the year for £122 per share. During the year they paid a dividend of £9 per share. Over the year, the exchange rate went from A$1.84/£ to A$1.82/£. What was the total Australian dollar return, in percent, on this investment for the year? (if your answer is 18.85%, please enter 0.1885, not 18.85%)
In: Finance
The annual inverse demand for a year of studies at UK is P(q) = 12,000 - .15q. The marginal cost is $3,000
a. What is the profit maximizing tuition rate and how many student enroll
b. For poorer families, the inverse demand is P(q) = 8,000 - 5q. Is it profitable to offer "need based" scholarships to poorer families? (Determine new P and Q and think in tems of 3rd degree price discrimination)
In: Economics
The variable to be measured is the number of hours a ten year old spend watching videos . Using three distributions-
1 Distribution of a population of an individual
2 Distribution of a particular sample of individuals from the population
3 Distribution of the mean
Explain the difference in these three distribution to some one who has never taken statistics class before.
In: Statistics and Probability
A mutual fund holds the following assets at the beginning of the year:
9,400 shares of FB, price $180
1250 shares of AMZN, price $1100
1100 shares of GOOG, price $950
The mutual fund has 102,000 number of shares issued at this point. The mutual fund has 1.2% operating expenses, 0.5% 12b-1 fees and a 4% front-end load. Expenses and fees are deducted from assets at the end of the year. At the end of the year, the assets held by the fund are worth $ 4.4m (before expenses) and there are 100,000 shares outstanding. Just before the end of the year, the fund realized $0.3m capital gains and received $0.2m dividends. What is the reported return on the fund?{Provide your answer in %, rounded to two decimals, omitting the % sign. Please show all formulae, solutions and steps.)
In: Finance
a) Identify and list the “real” values of the 4 spending components of GDP for year 2019 from Table 3 (Gross Domestic Product: Level and Change) based on the information provided in the following link: https://www.bea.gov/sites/default/files/2020-09/gdp2q20_3rd_0.pdf
b) Calculate the share/portion (%) of C, I, G and X in GDP. Please show your calculations.
In: Economics
A new edition of a very popular textbook will be published a
year from now. The publisher currently has 1,000 copies on hand and
is deciding whether to do another printing before the new edition
comes out. The publisher estimates that demand for the book during
the next year is governed by the probability distribution in the
file P10_31.xlsx. A production run incurs a fixed cost of $15,000
plus a variable cost of $20 per book printed. Books are sold for
$190 per book. Any demand that cannot be met incurs a penalty cost
of $30 per book, due to loss of goodwill. Up to 1,000 of any
leftover books can be sold to Barnes and Noble for $45 per book.
The publisher is interested in maximizing expected profit. The
following print-run sizes are under consideration: 0 (no production
run) to 16,000 in increments of 2,000. What decision would you
recommend? Use simulation with 1,000 replications.
_________________
For your optimal decision, the publisher can be 90% certain that the actual profit associated with remaining sales of the current edition will be between what two values? If needed, round your answers to whole dollar amounts.
| Demand | Probability | |
| 3000 | 0.20 | |
| 4000 | 0.35 | |
| 5000 | 0.25 | |
| 6000 | 0.10 | |
| 8000 | 0.05 | |
| 10000 | 0.05 |
In: Statistics and Probability
You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $500,000 per month, and you have contractual labor obligations of $1 million per month that you can’t get out of. You also have a marginal printing cost of $.25 per paper as well as a marginal delivery cost of $.10 per paper. If sales fall by 20 per cent from 1 million papers per month to 800,000 papers per month,
A. what happens to the AFC per paper? How much is it?
B What happens to the MC per paper? How much is it?
C What happens to the minimum amount that you must charge to break even on these costs? How much is it?
In: Economics
The table below shows your stock positions at the beginning of the year, the dividends that each stock paid during the year, and the stock prices at the end of the year. Company Shares Beginning of Year Price Dividend per Share End of Year Price Johnson Controls 300 $ 73.21 $ 1.23 $ 86.07 Medtronic 500 57.87 0.47 53.81 Direct TV 800 25.24 24.69 Qualcomm 300 43.38 0.42 39.22 What is your portfolio dollar return and percentage return? (Round your answers to 2 decimal places.) Portfolio Return Dollar return $ Percentage return %
In: Finance
Identify at least one of the NPSGs for the most recent year that may have an impact on the QI Case Study.
State the specific goal and pertinent subheading you selected. (For example, Goal 6 – Reduce the harm associated with clinical alarm systems. NPSG 06.01.01 Improve the safety of clinical alarm systems.)
Describe how focusing attention on this NPSG may impact on the QI Case Study.
Part 2 - Joint Commission Case Study
Now, select one of the Case Studies from the Joint Commission training video. Clearly state which one you are using.
Case 1 auto-populated wrong medication name
Case 2 miscalculated weight resulting in wrong dose
Case 3 wrong dose of heparin resulting in brain hemorrhage
Case 4 stat CT order not sent resulting in stroke
Case 5 wrong CT films sent resulting in unnecessary surgery
Identify one of the NPSGs for the most recent year that may have an impact on this Joint Commission Case Study.
State the specific goal and pertinent subheading you selected. (For example, Goal 6 – Reduce the harm associated with clinical alarm systems. NPSG 06.01.01 Improve the safety of clinical alarm systems.)
Describe how focusing attention on this NPSG may impact the Joint Commission case study.
Discuss the role standardization plays in NPSGs.
In: Nursing