You plan to buy a car in one year. It will cost $15,000 at that time. You now have $5,000 in a bank that pays 12% compounded monthly. You will save for the car by making monthly deposits in the bank for the next 12 months. How much will you have to deposit each month to have enough money in total to make the purchase?

Select one:

a. $738.50

b. $835.18

c. $769.43

d. $682.80

Karl has $100,000 in student loans at 6% compounded monthly. How much will Karl's monthly payment be in order to pay off the loan in 10 years?

​

Select one:

a. ​$610

b. ​$13,587

c. ​$9,777

d. ​$1,110

Given that the average yearly income of dentists in the year 2012 was $110,000. A sample of 81 dentists, which was taken in 2013, showed an average yearly income of $120,000. Assume the standard deviation of the population of dentists’s incomes in 2012 is $36,000. Using a 5% level of significance, we want to test and determine if there has been a significant increase in the average yearly income of dentists. Compute the test statistic and the p-value.

A 26 year old athlete is in the laboratory for a sports examination. He is training for a marathon and appears to be in good health overall. A screening midstream catch urinalysis is performed . Results revealed the following:

Microscopic Examination:

Squamous epithelial cells: Rare

Red blood cells (RBCs): 0-2/hpf

White blood cells (WBCs): 0-2/hpf
Bacteria: None seen
Hyaline casts: 0-1 /lpf

Crystals: None seen

Questions:

1. If you are the Medical Lab Technologist how do you inform/instruct the patient the proper way of collecting Midstream Catch urine sample?

2. In observing for the appearance or clarity/transparency of urine what is the most important procedure before you describe the appearance?

3. What is the importance or significance of determining the following tests:

1. specific gravity of urine
2. leukocyte esterase
3. ketones

4. What is the possible cause of his bright yellow urine?

5. Is the presence of hyaline cast significant ?   Yes or No.    Support your answer.

6. If hemoglobin is present in the urine , how can you differentiate it from myoglobin? ?

7. What are the causes of false negative Nitrite tests?

8. What are the possible changes in chemical analytes that may occur when the athlete’s urine is not preserved after having stood at room temperature for 6 hours? ( List all changes)

Closing the Balances in The Variance Accounts at the End of the Year

Yohan Company has the following balances in its direct materials and direct labor variance accounts at year-end:

Unadjusted Cost of Goods Sold equals $1,590,000, unadjusted Work in Process equals $296,000, and unadjusted Finished Goods equals $240,000.

Required:

1. Assume that the ending balances in the variance accounts are immaterial and prepare the journal entries to close them to Cost of Goods Sold. Note: Close the variances with a debit balance first. If an amount box does not require an entry, leave it blank or enter "0".

What is the adjusted balance in Cost of Goods Sold after closing out the variances?

$

2. What if any ending balance in a variance account that exceeds $8,000 is considered material? (a) Close the immaterial variance accounts to Cost of Goods Sold. (b) Prorate the largest of the labor variances among Cost of Goods Sold, Work in Process, and Finished Goods on the basis of prime costs in these accounts. (c) Prorate the largest of the material variances among Cost of Goods Sold, Work in Process, and Finished Goods on the basis of prime costs in these accounts. The prime cost in Cost of Goods Sold is $1,060,000, the prime cost in Work in Process is $164,000, and the prime cost in Finished Goods is $133,000. If an amount box does not require an entry, leave it blank or enter "0".

Note: Round all interim calculations to three decimal places, and round your final answers to the nearest dollar. Adjust credit entry for rounding to ensure debits equal credits in journal entry.

What are the adjusted balances in Work in Process, Finished Goods, and Cost of Goods Sold after closing out all variances?

The E.N.D. partnership has the following capital balances as of the end of the current year:

Answer each of the following independent questions:

1. Assume that the partners share profits and losses 3:3:2:2, respectively. Fergie retires and is paid $226,000 based on the terms of the original partnership agreement. If the goodwill method is used, what is the capital balance of the remaining three partners?

2. Assume that the partners share profits and losses 4:3:2:1, respectively. Pineda retires and is paid $350,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital balance of the remaining three partners? (Do not round your intermediate calculations. Round your final answers to the nearest dollar amounts.)

1. What is the present value of $2,625 per year at a discount rate of 8%, if the first payment is received six years from now and the last payment is received 20 years from now?

PLEASE USE excel

The balance of Landy ​Corporation's accounts payable at the beginning of the most recent year was $ 50,000. At the end of the​ year, the accounts payable balance was $ 54,000. Landy's sales revenue for the year was $ 3,105,000​, while its cost of goods sold for the year was $ 1,508,000. Calculate Landy's ​days' payable outstanding​ (DPO) for the year. Assume inventory levels are constant throughout the year. If the credit terms from Landy's suppliers are​ n/30, how would you interpret Landy's ​DPO?

Suppose the mean income of firms in the industry for a year is 25 million dollars with a standard deviation of 9 million dollars. If incomes for the industry are distributed normally, what is the probability that a randomly selected firm will earn less than 34 million dollars? Round your answer to four decimal places.

You invest $12,500 in Fund VSML at the start of the year. The fund has a front-end load of 3% and an annual expense fee of 2.25% of the ending asset value at year end. You expect the fund to have a gross rate of return of 8% this year. With your investment, what is your expected value in one year?

A.        Under $12,250
B.         Between $12,250 and $12,500
C.         Between $12,500 and $12,750
D.        Between $12,750 and $13,000
E.         Over $13,000

Ans:

4.         Investor demand for the shares determines the number of shares outstanding in a(n) __________.

A.        general partnership
B.         limited partnership
C.         open-end mutual fund
D.        REIT
E.         closed-end mutual fund

5.         Fees considered “12b-1 fees” are:

A.        fees that investment companies must pay to the SEC.
B.        fees charged by some mutual funds, due to distribution and marketing costs.
C.        up-front “load” fees, charged by some mutual funds.
D.        back-end “load” fees, charged by some mutual funds.
E.         fees charged by mutual funds, to compensate the portfolio manager

An investor is considering the purchase of a 2 year bond with a 5.5% coupon rate, with interest paid annually. Assuming the following sequence of spot rate: 1 year , 4% and 2 year, 3% the yield to maturity of the bond is:
A. 3.5%
B. 3.03 %
C. 3.98%