1. Use the following information to design a life-cycle income-spending-saving plan:

• Initial age is 23 when income is $46,000.

• Inflation is 0% so all increases are real rates.

• Income grows by 3% annually except on decade birthdays (e.g. 30, 40, etc.) when it jumps by 15%.

• The person works until age 68.

• Any savings (wealth) grows at 5% annually.

• Taxes take 25% of gross income each year. Savings are 15% of net (after-tax) income.

• There is no Social Security or other government programs.

• How much will they have saved (wealth) at age 68?

• How long will their retirement wealth last if their retirement spending is 75% of their last work year’s spending?

Your state Government hires interns for many of its offices. The Director of Human Resources has noticed that few of the interns submit all the needed paperwork and suspect that the problem is the form memo that goes out to interns. You've bee asked to revise the memo to make it more effective.

Subject: Getting your first paycheck on Time

So that you can receive you first paycheck on time. Please sent the following items to the office of Human Resources by the first working \day of next month. A copy of you Social Security card or a copy of your birth certificate, a copy of your driver's license, proof of enrollment in an accredited college (accepted items include a paid fee statement from the registar's office, a copy of your college identification card with the term and year on it, and proof of your grade status(e.g. first year, sophmore). Attach one of the following your latest grade report, your latest transcript , a letter from the registar's office verifying your grade status, a copy of you college identification card that shows what level you are in. Pay is based on how many quarter or semester hours you have completed. At the end of each term, notify Human Resources, You may be eligible for a pay increase.

Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows:

Barley Hopp had the following actual results last year:

Required:
1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable and "U" for unfavorable.)

2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable and "U" for unfavorable.)

3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable/Overapplied and "U" for unfavorable/underapplied.)

Standard Costing:

Ultra, Inc. manufactures and sells a full line of sunglasses. The company uses a standard cost system. Department managers' are held responsible for the explanation of the variances in their department performance reports. Recently, the variances in the Prestige line of sunglasses have been of concern. Data for the month of August is presented below. Assume beginning and ending inventory levels for WiP and FG are zero.

1-Prepare the journal entry for the purchase of DM. Assume DM ourchases = DM used.

-DM inventory

-DM spending Variance

-Accounts payable

2-Prepare the journal entry for the release of DM into production.

-WiP inventory

-DM efficiency variance

-DM inventory

3-Prepare the journal entries for DL.

A –

    -DL expense

    -Wage payable.

B-

     -WiP inventory

      -DL efficiency variance

       -DL spending variance

        -DL expense

4-Prepare the journal entries for FOH.

A-

         -FOH expenses

          -accounts payable

B-

        -mfg FOH control

        - FOH expenses

C-

      -WIP inventory

      -mfg OH control

D-

       -mfg FOH control

        -FOH volume variance

          -FOH spending Variance

5-Prepare the adjusting entries to close out the variance accounts

18.    Negotiable instruments

a. are a substitute for cash.

b. are generally also gold certificates.

c. make business deals more difficult.

d. are part of federal regulatory controls.

e. are part of the Federal Reserve System.

19.    Which of the following contracts would most likely fall under UCC Article 2?

a. IBM sells an office building in Atlanta to Microsoft.

b. GM buys seat belts from Ace to install in new Cadillac cars.

c. Nock hires CompuW to service its computer system for the next year.

d. Disney buys the copyright on a book to make it into a movie.

e. All of the above would fall under UCC Article 2.

20.    Under the UCC, a warranty is

a. a guarantee of payment by the seller.

b. a statement by the buyer that the goods conform to certain quality, safety, performance, or title standards.

c. a statement by the seller that the goods conform to certain quality, safety, performance, or title standards.

d. a statement by the buyer that the goods conform to industry standards.

e. a statement by the seller that it accepts responsibility for any harm the goods causes.

21.    Under the UCC, a warranty of title means

a. the buyer warrants that the goods conform to certain quality, safety, performance, or title standards.

b. the seller warrants that the goods conform to certain quality, safety, performance, or title standards.

c. the seller is the rightful owner of the goods being sold and they are free of any claim against them.

d. the name on the goods is properly displayed and it is it the true and accurate name of the goods.

e. The UCC does not address a warranty of title.

22.    The purpose of the UCC is

a. to give each state a unique set of trade laws.

b. to mediate international business disputes.

c. to make it easier to prosecute parties who breach contracts.

d. to simplify, clarify and modernize the law governing commercial transactions.

e. to reduce taxes.

Approximately spherical particles of diameter 150? and density 2650 kg/m3 settle through a liquid of density 1097 kg/m3 and dynamic viscosity 3.8 mPa s. The volume fraction of particles is 30% in a container of internal diameter 2 cm

Calculate: a)The absolute settling velocity that is apparent to the stationary observer in the lab frame. b)The slip velocity (Us) between solid and liquid phases. c) The superficial velocity of the particles in the lab frame.

A sample of NaN3(s) fully decomposed into Na(s) and N2(g), and the resulting gas was collected over water at 52°C. The collected gas occupied 2.0 L at a pressure of 690 torr. If the vapor pressure of water is 100 torr at 52°C, what mass of NaN3(65.02 g/mol) was reacted?

(1) 2.5 g (2) 2.9 g (3) 3.4 g (4) 3.8 g (5) 4.4 g

The differential equation of motion of ship is given by M d2x/dt2 + C dx/dt + Kx = F + F2*exp(-2t). t >0.

when M = 4.8, C = 3, K = 5, F = 3.8, F2 = 3, x(t=0)=1 and dx/dt (t=0)= 1.

Find:

a)the order of X(s) and the number of poles & Find all poles of X(s)

b)Determine the stability of system.

A survey found that​ women's heights are normally distributed with mean 62.9 in. and standard deviation 3.8 in. The survey also found that​ men's heights are normally distributed with mean 67.8 in. and standard deviation 3.5 in. Consider an executive jet that seats six with a doorway height of 56.4 in. Complete parts​ (a) through​ (c) below. a. What percentage of adult men can fit through the door without​ bending? The percentage of men who can fit without bending is?

Karen wants to advertise how many chocolate chips are in each Big Chip cookie at her bakery. She randomly selects a sample of 45 cookies and finds that the number of chocolate chips per cookie in the sample has a mean of 9.1 and a standard deviation of 3.8. What is the 80% confidence interval for the number of chocolate chips per cookie for Big Chip cookies?

Enter your answers accurate to one decimal place.

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