Calculate [Ag1+] in solution at equilibrium when 2.39 x 10-2 M AgNO3 is added to 1.00 L of a 1.65 M NH3 solution, assuming no volume change? (Kf for Ag(NH3)21+ is 1.1 x 107)
a) 3.8 x 10-2
b) 2.39 x 10-2
c) 4.9 x 10-11
d) 8.5 x 10-10
e) 4.1 x 10-3
In: Chemistry
Two factors, time and medium are investigated on bacterial count on specimens. The response values are given.
a. Perform a factorial analysis using the EXCEL spreadsheet.
b. Create a factorial design square
c. Draw the main effects plot
d. Give conclusions
|
Medium |
time 10 |
time 15 |
time 20 |
|
1 |
2.6 |
4.0 |
5.5 |
|
1 |
2.7 |
4.1 |
5.4 |
|
2 |
3.7 |
5.7 |
7.8 |
|
2 |
3.8 |
5.8 |
7.7 |
In: Statistics and Probability
Samuel Thomas is a cost accountant and business analyst for Dashing Design Company? (DDC), which manufactures expensive brass doorknobs. DDC uses two direct cost? categories: direct materials and direct manufacturing labor. Thomas feels that manufacturing overhead is most closely related to material usage.? Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used.
At the beginning of 2014?, DC budgeted annual production of 450,000 doorknobs and adopted the following standards for each? doorknob:
|
Input |
Cost/Doorknob |
|
|
Direct materials (brass) |
0.3 lbs. @ $11/lb. |
$3.30 |
|
Direct manufacturing labor |
1.2 hours @ $18/hour |
21.60 |
|
Manufacturing overhead: |
||
|
Variable |
$5/lb x 0.3 lb. |
1.50 |
|
Fixed |
$14/lb. x 0.3 lb. |
4.20 |
|
Standard cost per doorknob |
$30.60 |
Actual results for April 2014 were as? follows:
|
Production |
29,000 doorknobs |
|
Direct materials purchased |
12,300 lbs. at $12/lb. |
|
Direct materials used |
8,500 lbs. |
|
Direct manufacturing labor |
29,300 hours for $615,300 |
|
Variable manufacturing overhead |
$64,700 |
|
Fixed manufacturing overhead |
$160,000 |
Requirements:
a. Direct materials price variance? (based on? purchases)
b. Direct materials efficiency variance
c. Direct manufacturing labor price variance
d. Direct manufacturing labor efficiency variance
e. Variable manufacturing overhead spending variance
f. Variable manufacturing overhead efficiency variance
g. ?Production-volume variance
h. Fixed manufacturing overhead spending variance
In: Accounting
18) Assume the following information appears in the standard
cost card for a company that makes only one product:
| Standard Quantity or hours |
Standard Price or Rate |
Standard Cost | ||||||
| Direct materials | 5 | pounds | $ | 11.70 | per pound | $ | 58.50 | |
| Direct labor | 2 | hours | $ | 17.00 | per hour | $ | 34.00 | |
| Variable manufacturing overhead | 2 | hours | $ | 3.00 | per hour | $ | 6.00 | |
During the most recent period, the following additional information
was available:
What is the direct materials spending variance?
A) 5850 U
B) 5850 F
C) 18150 F
D) 18150 U
1) Assume that the cost formula for one of a company’s variable expenses is $5.00 per unit. The company’s planned level of activity was 2,000 units and its actual level of activity was 2,200 units. The actual amount of this expense was $10,050. The spending variance for this expense is:
A) 950F
B) 1550F
C) 2500F
D) 2500U
10) Assume that a company provided the following excerpts of
information from its flexible budget performance report:
| Actual Results | Flexible Budget | Planning Budget | |||||||||
| Flights (q) | 55 | ? | 50 | ||||||||
| Revenue ($175.00q) | $ | 11,550 | $ | ? | $ | ? | |||||
What amount of revenue would appear in the company’s flexible
budget?
A) 8750
B) 9075
C) 9625
D) 9175
In: Accounting
Sun Minerals, Inc., is considering issuing additional long-term debt to finance an expansion. Currently, the company has $52 million in 8 percent debt outstanding. Its after-tax net income is $12 million, and the company is in the 40 percent tax bracket. The company is required by the debt holders to maintain its times interest earned ratio at 3.8 or greater. Do not round intermediate calculations.
What is the present coverage (times interest earned) ratio? Round your answer to one decimal place. 5.8 times
How much additional 8 percent debt can the company issue now and maintain its times interest earned ratio at 3.8? (Assume for this calculation that earnings before interest and taxes remain at their present level.) Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places. $ 13.79 million
If the interest rate on additional debt is 10 percent, how much unused “debt capacity” does the company have? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places. $ .63 million
In: Finance
|
2008 Model |
Engine Size (liters) |
Cylinders |
Final Drive Ratio |
Miles per Gallon |
|
Mercedes Benz |
5 |
8 |
4.38 |
13 |
|
Jeep Wrangler |
3.8 |
6 |
3.21 |
16 |
|
Mitsubishi Endeavor |
3.8 |
6 |
4.01 |
18 |
|
Toyota Land Cruiser |
5.7 |
8 |
3.91 |
15 |
|
Kia Sorento |
3.3 |
6 |
3.33 |
18 |
|
Jeep Commander Sport |
4.7 |
8 |
3.73 |
15 |
|
Dodge Durango |
4.7 |
8 |
3.55 |
15 |
|
Lincoln Navigator |
5.4 |
8 |
3.73 |
15 |
|
Chevrolet Tahoe |
4.8 |
8 |
3.23 |
16 |
|
Ford Escape |
3 |
6 |
2.93 |
20 |
|
Ford Expedition |
5.4 |
8 |
3.31 |
14 |
|
Buick Enclave |
3.6 |
6 |
3.16 |
19 |
|
Cadillac Escalade |
6.2 |
8 |
3.42 |
14 |
|
Hummer |
3.7 |
5 |
4.56 |
15 |
|
Saab 9-7X |
4.2 |
6 |
3.73 |
16 |
In: Statistics and Probability
Company 1:
| Industry Median | 2020 | 2019 | 2018 | 2017 | 2016 | |
| Profitability | ||||||
| Gross Margin | 39.2% | 29.8% | 29.3% | 29.7% | 30.1% | 29.5% |
| EBITDA Margin | 9.5% | 9.3% | 8.9% | 9.3% | 10.3% | 9.7% |
| Operating Margin | 6.1% | 6.0% | 5.5% | 5.6% | 6.3% | 7.5% |
| Pretax Margin | 5.4% | 5.4% | 4.9% | 5.0% | 5.6% | 6.7% |
| Effective Tax Rate | 23.3% | 22.0% | 21.3% | 29.3% | 32.7% | 32.5% |
| Net Margin | 4.2% | 4.2% | 3.8% | 3.5% | 3.8% | 4.5% |
Company 2:
| Industry Median | 2020 | 2019 | 2018 | 2017 | 2016 | |
| Profitability | ||||||
| Gross Margin | 21.3% | 22.1% | 21.7% | 22.0% | 22.4% | 22.2% |
| EBITDA Margin | 4.9% | 4.1% | 4.2% | 4.2% | 5.0% | 5.2% |
| Operating Margin | 3.2% | 2.0% | 3.6% | 2.1% | 3.0% | 3.3% |
| Pretax Margin | 2.4% | 1.6% | 3.3% | 1.2% | 2.5% | 2.8% |
| Effective Tax Rate | 23.6% | 23.7% | 22.6% | 34.8% | 32.8% | 33.8% |
| Net Margin | 1.5% | 1.2% | 2.5% | 0.8% | 1.7% | 1.9% |
Please discuss the profitability aspects for both companies and decide which company do you think perform better. The discussion should include, but not exhaustive to trend, prospect, competitive structure etc.
In: Finance
You are the Chief Financial Officer of Incomprehensible Technologies Inc. (ITI). The CEO has asked you to calculate the firm’s overall WACC. Your team of analysts has presented you with the following data:
Question 11: What is the company's cost of equity?
Multiple Choice
11.0%
14.6%
9.0%
12.6%
11.9%
Question 12: What is the company's cost of debt?
Multiple Choice
3.0%
5.0%
5.7%
6.0%
11.3%
USE THE FOLLOWING DATA FOR QUESTIONS 11-14
You are the Chief Financial Officer of Incomprehensible Technologies Inc. (ITI). The CEO has asked you to calculate the firm’s overall WACC. Your team of analysts has presented you with the following data:
Question 13: What is the cost of the company's Preferred Stock?
Multiple Choice
6.2%
3.8%
15.0%
4.4%
7.8%
USE THE FOLLOWING DATA FOR QUESTIONS 11-14
You are the Chief Financial Officer of Incomprehensible Technologies Inc. (ITI). The CEO has asked you to calculate the firm’s overall WACC. Your team of analysts has presented you with the following data:
Question 14: What is the company's WACC?
Multiple Choice
7.0%
8.2%
11.6%
8.9%
9.5%
In: Finance
Question 31:
Is having a large amount of debt relative to your disposable income a good thing or a bad thing, give 2 reasons why?
Question 32:
What does “lending standards for home buyers are weak” mean?
Question 33:
What does a mortgage down payment mean?
Question 34:
What is the Federal Reserve System?
a. the nation’s central bank
b. the U.S. Department of Banking
c. U.S. Department of the Treasury, Banking Division
d. the legal requirement that interest must be paid on loans.
e. the only national bank in the United States, located in Washington, D.C.
Question 35:
Which of the following is a function of the Federal Reserve?
a. makes monetary policy
b. prints currency and mints coin
c. regulates and supervises banks
d. all of the above
e. a and c only
Question 36:
Real gross domestic product is:
a. the market value of all final goods and services produced within a country in a year.
b. the market value of all intermediate goods and services produced within a country
in a year.
c. the market value of all final goods and services produced within a country in a
year, adjusted for inflation.
d. the market value of all final goods and services produced within a country in a year,
Question 37:
23. The money supply is the amount:
a. of gold in Fort Knox.
b. the federal government has to spend each year.
c. of currency printed each year by the Bureau of Engraving and Printing.
d. of currency, coins and checking account deposits available in an economy.
e. a and d only
Question 38:
The national debt is the:
a. annual deficit.
b. amount loaned to banks by the Bank of Canada.
c. difference between the amount of goods exported and the amount imported.
d. the financial obligations of the government resulting from deficit spending.
e. the sum of all money owed by individuals and businesses in the United States to other
countries.
Question 39:
Who regulates the chartered banks in Canada?
Question 40
What is the difference between real and nominal interest rate?
In: Economics
Statement of Cost of Goods Manufactured for a Manufacturing Company
Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:
| Inventories | March 1 | March 31 | ||
| Materials | $229,750 | $204,480 | ||
| Work in process | 158,530 | 141,090 | ||
| Finished goods | 119,470 | 139,050 | ||
| Direct labor | $413,550 | |
| Materials purchased during March | 441,120 | |
| Factory overhead incurred during March: | ||
| Indirect labor | 44,110 | |
| Machinery depreciation | 26,650 | |
| Heat, light, and power | 9,190 | |
| Supplies | 7,350 | |
| Property taxes | 6,430 | |
| Miscellaneous costs | 11,950 | |
a. Prepare a cost of goods manufactured statement for March.
| Johnstone Manufacturing Company | |||
| Statement of Cost of Goods Manufactured | |||
| For the Month Ended March 31 | |||
| $ | |||
| Direct materials: | |||
| $ | |||
| $ | |||
| $ | |||
| Factory overhead: | |||
| $ | |||
| Total factory overhead | |||
| Total manufacturing costs incurred during March | |||
| Total manufacturing costs | $ | ||
| Cost of goods manufactured | $ | ||
b. Determine the cost of goods sold for
March.
$
Question #2
Cost Flow Relationships
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:
| Sales | $332,400 |
| Gross profit | 193,790 |
| Cost of goods manufactured | 166,200 |
| Indirect labor | 72,130 |
| Factory depreciation | 10,970 |
| Materials purchased | 102,380 |
| Total manufacturing costs for the period | 191,130 |
| Materials inventory, ending | 13,630 |
Using the above information, determine the following missing amounts:
| a. Cost of goods sold | $ |
| b. Finished goods inventory at the end of the month | $ |
| c. Direct materials cost | $ |
| d. Direct labor cost | $ |
| e. Work in process inventory at the end of the month | $ |
In: Accounting