A manager receives a forecast for next year. Demand is projected to be 600 units for the first half of the year and 900 units for the second half. The monthly holding cost is $2 per unit, and it costs an estimated $55 to process an order.

a. Assuming that monthly demand will be level during each of the six-month periods covered by the forecast (e.g., 100 per month for each of the first six months), determine an order size that will minimize the sum of ordering and carrying costs for each of the six-month periods. (Round your answers to the nearest whole number.)

Period Order Size 1 – 6 months units

7 – 12 months units

b. If the vendor is willing to offer a discount of $10 per order for ordering in multiples of 50 units (e.g., 50, 100, 150), would you advise the manager to take advantage of the offer in either period? If so, what order size would you recommend? (Round intermediate calculations to 2 decimal places.)

Period Order Size

1 – 6 months units

7 – 12 months units

In a survey of

24562456

adults in a recent​ year,

13921392

say they have made a New​ Year's resolution.

Construct​ 90% and​ 95% confidence intervals for the population proportion. Interpret the results and compare the widths of the confidence intervals.

(PYTHON) A beard-second is a unit of length inspired by the light-year and is defined as the length the average beard grows in one second, or precisely 5 nanometers. The beard-second is used for extremely short distances such as measurements within an integrated circuit. Your manufacturing equipment is very accurate but it uses inches as a unit of measurement, so you need a conversion table between beard-seconds and inches to complete a special order.

The following information should be helpful: 1 beard second = 5 nanometers 1 nanometer = 3.937e-8 inches

Write a program named beard.py that includes two functions main() and inches()which are used to produce a conversion table between beard seconds and inches for a series of values specified by the user.

The main() function: • Displays a description of the program’s function • Prompts the user for the starting and ending beard second value to be converted to inches • Displays a table header (see examples) • Using a loop, calls the inches() function repeatedly to calculate the converted values • The beard second values should increment by 250

The inches() function: • Accepts one (1) value in beard seconds as an argument • Performs the conversion calculation from beard seconds to inches • Displays the table row including the beard seconds and inches values (to 8 decimal places) • Beard second values should have a thousands comma separator • Does not return any values

1. Assume the spot rate of the euro is $1.16, and over the next year the Eurozone inflation rate is 2% while the US inflation rate is 3%. According to purchasing power parity (PPP), what will the spot exchange rate be after one year? Assume the spot rate of the euro is $1.16 and the one-year interest rate for the Eurozone and the US are both initially 4.5%. Then assume that the US interest rate decreases to 4% while the Eurozone interest rate remains at 4.5%. According to the international Fisher effect (IFE),
2. 1. What will the spot exchange rate be after one year?
3. 2. What is the underlying factor that would cause such a change in the interest rate differential?

The WACC is 10% for all projects.

                        Project A

                                Project B

Project C

1. Which project has the superior payback period?

a)            Project C

b)           Project A

c)            Project B

2. If you use a cutoff period of 3 years with the discounted payback period rule, which project(s) would you accept?

a)           Project A

b)            Project B

c)            Project C

d)            All Projects

3. Which projects have positive NPVs?

1. Project A
2. Project B
3. Project C
4. Projects B and C

Consider an economy with a corn producer, some consumers, and a government. In a given year, the corn producer grows 30 million bushels of corn and the market price for corn is $5 per bushel. Of the 30 million bushels produced, 20 million are sold to consumers, 5 million are stored in inventory, and 5 million are sold to the government to feed the army. The corn producer pays $60 million in wages to consumers and $20 million in taxes to the government. Consumers pay $10 million in taxes to the government, receive $10 million in interest on the government debt, and receive $5 million in Social Security payments from the government. The profits of the corn producer are distributed to consumers. Calculate GDP using the product approach, the expenditure approach, and the income approach. Calculate private disposable income, private sector saving, national saving, and the government deficit. Is the government budget in deficit or surplus?

You are working on a bid to build two city parks a year for the next three years. This project requires the purchase of $210,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the 3-year project life. The equipment can be sold at the end of the project for $34,000. You will also need $21,000 in net working capital for the duration of the project; all net working capital will be recovered at the end of the project. The fixed costs will be $19,000 a year and the variable costs will be $150,000 per park. Your required rate of return is 12 percent and your tax rate is 34 percent. What is the minimal amount you should bid per park? (Round your answer to the nearest $100)

Cash Budgeting
The sales budget for your company in the coming year is based on a quarterly growth rate of 10 percent, with the first-quarter sales projection at $165 million. In addition to this basic trend, the seasonal adjustments for the four quarters are, in millions, 0, -$12, –$6, and $18, respectively. Generally, 50 percent of the sales can be collected within the quarter and 45 percent in the following quarter; the rest of the sales are bad debt. The bad debts are written off in the second quarter after the sales are made. The beginning accounts receivable balance is $84 million. Assuming all sales are on credit, compute the cash collections from sales for each quarter.

Don't round off until you get to the end.

Marilyn Terrill is the senior auditor for the audit of Uden Supply Company for the year ended December 31, 20X4. In planning the audit, Marilyn is attempting to develop expectations for planning analytical procedures based on the financial information for prior years and her knowledge of the business and the industry, including these:

1. Based on economic conditions, she believes that the increase in sales for the current year should approximate the historical trend.

2. Based on her knowledge of industry trends, she believes that the gross profit percentage for 20X4 should be about 2 percent less than the percentage for 20X3.

3. Based on her knowledge of regulations, she is aware that the effective tax rate for the company for 20X4 has been reduced by 5 percent from that in 20X3.

4. Based on a review of the general ledger, she determined that average depreciable assets have increased by 10 percent. Purchases of equipment occurred relatively evenly throughout the year.

5. Based on her knowledge of economic conditions, she is aware that the effective interest rate on the company’s line of credit for 20X4 was approximately 12 percent. The average outstanding balance of the line of credit is $3,500,000. This line of credit is the company’s only interest-bearing debt.

6. Based on her discussions with management the advertising and sales commission percentages are expected to stay the same. Based on her knowledge of the industry, she believes that the amount of other expenses should be consistent with the trends from prior years.

Comparative income statement information for Uden Supply Company is presented in the below table.

UDEN SUPPLY COMPANY

Comparative Income Statements

Years Ended December 20X1, 20X2, and 20X3

(Thousands)

20X1 Audited 20X2 Audited 20X3 Audited 20X4 Expected

Sales 12,300 13,100 13,900

Cost of goods sold 8,490 9,050 9,620

Gross profit 3,810 4,050 4,280

Sales commissions 860 920 970

Advertising 246 260 280

Salaries 1,121 1,154 1,187

Payroll taxes 196 201 206

Employee benefits 179 184 189

Rent 72 75 78

Depreciation 72 75 78

Supplies 38 41 44

Utilities 33 36 39

Legal and Accounting 46 49 52

Miscellaneous 24 27 30

Interest Expense 354 372 384

Net income before taxes 569 656 743

Income taxes 128 148 167

Net income 441 508 576

Required:

b. Determine the expected amounts for 20X4 for each of the income statement items. (Round gross profit ratio and income taxes ratio to nearest four decimal places. Round other ratios to nearest two decimal places. Round all other intermediate computations to the nearest whole value. Enter your answers in thousands.)

c. Uden’s unaudited financial statements for the current year show a 30.79 percent gross profit rate. Assuming that this represents a misstatement from the amount that you developed as an expectation, calculate the estimated effect of this misstatement on net income before taxes for 20X4. (Enter your answers in thousands.)