1. For this problem, use the following randomly generated list of accounts, placing them in appropriate order to prepare an income statement.

The following randomly constructed table requires that as part of your Critical Thinking Assignment you arrange the accounts into a well-labeled income statement. Make sure you label and solve for gross profit, operating profit, and net profit before taxes.

Using a 35% tax rate, calculate taxes paid and net profit after taxes.

Assuming a dividend of $1.10 per share with 4.25 million shares outstanding, calculate EPS and additions to retained earnings.

2. Explain why the income statement can also be called a “profit-and-loss statement.” What exactly does the word balance mean in the title of the balance sheet? Why do we balance the two halves?

3. CS Industries, Inc. began 2016 with retained earnings of $25.32 million. During the year, it paid four quarterly dividends of $0.35 per share to 2.75 million common stockholders. Preferred stockholders, holding 500,000 shares, were paid two semiannual dividends of $0.75 per share. The firm had a net profit after taxes of $5.15 million. Prepare the statement of retained earnings for the year ended December 31, 2016.

QUESTION 3

1. 1. A researcher wanted to study the effects of caffeine on ability to memorize a list of 16 non-related words. Additionally, the researcher was curious if extroverts or introverts would be better on the memory task and if caffeine would affect their performance differently. Given four equal conditions with 10 people in each condition, participants were either given a cup of coffee or not (depending on their condition). All participants had a 16-word list presented five times and their recall after a 3-minute delay was assessed. Given the following data summary, answer the following:

   		Factor A: Caffeinated
   		No Caffeine	Caffeine
   Factor B: Extroversion	Extrovert	n = 10 M = 13 T = 130 SS = 18	n = 10 M = 11 T = 110 SS = 36	TExtrovert =240 MExtrovert = 12
   	Introvert	n = 10 M = 14 T = 140 SS =18	n = 10 M = 9 T = 90 SS = 28	TIntrovert =230 MExtrovert=11.5
   		T No Caffeine =270	T Caffeine =200

   ∑X² = 5770, G = 470, N = 40

   1. What are all of the hypothesis for the above problem?
   2. What are all of the potential main effects for the above problem?
   3. List a potential interaction effect for the above problem?
   4. Using an α = 0.01 to evaluate the main effects and interaction (include all relevant steps and the critical value used for comparisons)
   5. Calculate the effect sizes for the main effects and the interaction
   6. Report the results using APA format. (Should include Means when describing each of the Main effects in the text.

Part A

Hardwood Limited has an activity-based costing system with three activity cost pools: Processing, Setting Up, and Other. Costs in the Processing cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. Data concerning the two products and the company's costs and activity-based costing system appear below:

Activity cost pools:

Processing                        $12,200

Setting up                         $25,100

Other                                $17,700

MHs                    Batches

Product Red           2,400                    700

Product Blue           17,600                    300

Total                       20,000                    1,000
                             

Product Red            Product Blue

Sales (total)                      $135,700                $98,000

Direct materials (total)       $61,700                  $31,000

Direct labour (total)            $52,200                  $45,800

Determine the product margins for each product using activity-based costing. Show your calculations.

Part B

At a recent staff meeting, Daniel Hamburg – the production manager – raised concerns that John Healy – the newly recruited management accountant – is not considering all manufacturing costs while calculating product costs under the activity-based costing system. While John was attempting to address Daniel’s concern during the meeting, Tang Chu – the CEO – stopped him as the meeting had to finish soon. However, Tang told John to prepare a report addressing Daniel’s concern, which needs to be submitted before the next meeting. Imagine yourself as John and prepare the report.  

[Maximum word limit: 240 words]          

All Fresh Seafood is a wholesale fish company based on the east coast of the U.S. Catalina Offshore Products is a wholesale fish company based on the west coast of the U.S. The table below contains prices from both companies for specific fish types ("Seafood online," 2013) ("Buy sushi grade," 2013). Do the data provide enough evidence to show that a west coast fish wholesaler is more expensive than an east coast wholesaler? Test at the 5% level.

Table #2: Wholesale Prices of Fish in Dollars

Step 1: State the question

Step 2: Identify the information

1. State the random variables and parameters in words

2. State the null and alternative hypotheses and level of significance

3. Determine the type of test this is, then state and check the assumptions for this type of test

Step 3: Perform calculations

1. Find the sample statistics

2. Find the test statistic

3. Find the p-value

4. State the conclusion (compare p and alpha and decide to reject H_o or fail to reject H_o)

Step 4. Interpret (answer the original question in a complete sentence)

Please copy explanation from a word document

QUESTION 4

1. Company ABC is a manufacturing company specialized in three auto parts denoted by X, Y, and Z respectively. The company is preparing for the budgets for the next year and has collected the following information:

1. The company allocates $10 of variable overhead cost to each labor hour.
2. The total fixed cost for the entire company is $300,000.
3. The company has a total labor budget of $50,000 with an hourly labor cost of $10.
4. After calculation, it costs $0.5 to run the machine for 1 hour. Company’s total budget for running machine is $20,000.

Required: (Please note that you should answer the questions in Word offline and please do NOT answer in the Blackboard!!!)

5. Does the company have any constraint? If yes, what is the constraint?
6. Given the constraint, what is the optimal production plan for the company that maximizes the company’s profit?
7. Company ABC has another two products: A and B. A can be sold “as is” (price: $300) or processed further into product A1 (price: $500). B can be sold “as is” (price: $200) or processed further into product B1 (price: $280). The allocated joint costs of A and B are $20 and $10, respectively. The cost of further processing costs of A and B are $185 and $78, respectively. Which product should be processed further and why?

Your scenario: You are a member a small engineering firm with a staff of 8. Your team meets every Wednesday morning for a meeting to review projects and activities.Engineers provide updates on projects and discuss problems they are having; the boss throws out new project ideas, and everyone enjoys some social time, chatting about hobbies and families.

Frequently, these meetings run well over an hour and don't always get very much accomplished. What to do? Your employer, the owner of the firm, seeks you out because of your strong writing ability and asks you to solve a problem. These folks are all highly paid, and meetings that don't accomplish much are still costing the firm a lot of money...like the equivalent of one 8 hour day a week! (over 400 expensive man and woman hours a year)!

Your task:

1. Find out how to conduct effective meetings and write up a policy/procedure (i.e. directive) memo to the staff about how meetings will be conducted in the firm to be efficient and cost-effective. Consider as well what communications should/could be handled outside the meetings or in other ways. Here's a link to how to conduct a meeting that may be helpful! This is only one of many that are available to you just by searching.

2. Create a meeting agenda/minutes template for conducting and recording minutes...be creative and use the table tools in Word, NOT a template you find!!!!! Remember, you are creating the guidelines for the meeting rules YOU are setting.

The following link might be helpful...

http://projectmanagementhacks.com/meeting-tips/

You are the appointed Supply Chain Manager for a company that manufactures and sells its products to retailers and to end consumers. The company uses its own trucks to deliver to retailers and UPS for its online orders to deliver to end consumers.

Apply your understanding of the 5 components of Supply Chain by explaining to me as your CEO how are you going to successfully plan, source material & equipment, manufacture, deliver and handle returned items. Give examples and elaborate as necessary.

Remember the 5 basic components are:

1. Planning

2. Sourcing

3. Making

4. Delivering

5. Returning

Note to students: the exercise is meant to be individual and unique to every student. That is why the assignment is not limited to a specific brand or product.

Grading Criteria - Rubric

This assignment will be graded out of 15 marks as follows:

Presentation 3 marks

Cover page, organization, neatness

Word processed, spelling, grammar, medium, quality of in class presentation, clarity, interest, understanding.

Note: Proper citation of references is required (MLA or APA format)

It is your responsibility to familiarize yourself with the proper procedure for maintaining academic honesty. You can also seek assistance from Student Services in understanding the policy and procedures for Academic Honesty.

Content 6 marks

Demonstrated understanding of the subject matter (i.e.. not simply cutting and pasting content from websites)

Analysis 6 marks

Logic, methodology, originality, creativity

Questions 1 - 4 will refer to the following information.

Recent estimates of the distribution of blood types in the U.S. is as follows, where positive and negative refer to the Rhesus (Rh) factor:

O-positive:         38 %
O-negative:       7 %
A-positive:         33 %
A-negative:        6 %
B-positive:          10 %
B-negative:        2 %
AB-positive:       3 %
AB-negative:     1 %

1.  What is the probability (expressed as a percentage) that a person randomly selected from the population

a)  will be Rh-positive? 84 percent probability
b) will NOT be a universal donor type (type O-negative)? 93 percent probability

2. Is blood type qualitative or quantitative variable? Explain. The blood type is a qualitative variable because the data is going to be a word describing the type of blood.  

3. If you draw blood samples from five randomly selected people from this population and determine how many have a given Rh factor,

a) What is the random variable? how many people have a given Rh factor.
b) What is the probability that two of the blood samples will be Rh negative? 0.1835 or 18%.
c) What is the probability that two of the blood samples will be Rh positive? 0.0289 or 2%.  

4.  (20 pt) If you randomly select 20 people from the population and measure Rh factor, what is the probability of each of the possible outcomes?  

a) none are Rh negative: 0.0306 or 3%.
b) three are Rh negative:0.241 or 24%.
c) more than three are Rh negative: 0.401 or 40%.  

Generate a baseband message signal m(t) to be a square waveform of duration 120 msec and amplitude
1 V. The sampling frequency is -
= 10 . Use a carrier of amplitude 1 and frequency 600 Hz and
perform the following modulation/demodulation operations:
1. DSB-SC
a. modulation of the message signal m(t)
b. coherent demodulation, assuming that the local carrier @ the receive-side is perfectly
synchronized in frequency and phase with the transmit-side carrier.
c. lowpass filtering of the demodulated output and signal recovery
( )
2. AM
a. modulation
b. noncoherent demodulation (for ex. you can use a rectifier)
c. lowpass filtering of the demodulated output and signal recovery
( )
3. SSB-SC
a. modulation (using Hilbert transform method preferred)
b. coherent demodulation, assuming that the local carrier @ the receive-side is perfectly
synchronized in frequency and phase with the transmit-side carrier.
c. lowpass filtering of the demodulated output and signal recovery
( )
For each modulation scheme, calculate the energy of the estimation error : () = (
( ) −
( ))


over the signal’s duration T, and compare all modulation schemes.
Plot in both time and frequency domains:
1. Message signal.
For each of the 3 above cases you should plot in both time and frequency domains:
2. Modulated signal.
3. Demodulated signal.
4. Recovered signal
( ).
You will need to design the proper FIR lowpass filter (LPF) (filter order and cutoff frequency), to filter
the demodulated signal, and produce the recovered signal
( ).
For your report, please create a word document to include all results and Matlab plots and code.

You should have a basic knowledge of how a ratio is used both personally and professionally. If you have ever applied for a credit card or a loan, you have had your credit profile reviewed and you had to tell the organization how much money you made. They then used this information to perform a ratio to determine if you qualify for the loan. The lender wants to know if you can afford the loan.

This same principal is applied to businesses. The financial information can be obtained from a health care organization by reviewing their financial statements, which can tell a lender if the organization is making enough money to take on the debt associated with a loan.

Discussion Question:

Financial institutions and investors utilize ratios to determine the financial viability of a business. Therefore, it is important for a manager to understand the use and calculation of ratios. In you initial response, include Part 1 and Part 2:

PART 1:

Based on the first initial of your last name, you will discuss one of the financial ratios listed below and explain why a financial institution or investor would use the ratio you chose. Include what the ratio results would tell you about the business.

RATIOS

Current Ratio (Liquidity Ratio)

PART 2:

In addition, give an example of how you would you use one of the financial ratios in your personal finances.

Make sure your initial response is at least a 175- to 265-word count.

APA Formatting: Use citations where appropriate and list the associated references. All citations and references, if used, must be in APA format.