1. At December 31, 2022, the following balances existed for MICPA Corporation:

The bonds mature on 12/31/28. Straight-line amortization is used.

If 60% of the bonds are retired at 104 on January 1, 2025, what is the gain or loss on early extinguishment?

Answer

$_______________

2.

On January 1, 2020, Scottsdale Company issued its 12% bonds in the face amount of $3,000,000, which mature on January 1, 2030. The bonds were issued for $$3,805,200 to yield 8%. Scottsdale uses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31. The 12/31/23 Premium on Bond Payable balance is:

Answer

$_______________

1. At December 31, 2022, the following balances existed for MICPA Corporation:

The bonds mature on 12/31/28. Straight-line amortization is used.

If 60% of the bonds are retired at 104 on January 1, 2025, what is the gain or loss on early extinguishment?

Answer

$_______________

2.

On January 1, 2020, Scottsdale Company issued its 12% bonds in the face amount of $3,000,000, which mature on January 1, 2030. The bonds were issued for $$3,805,200 to yield 8%. Scottsdale uses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31. The 12/31/23 Premium on Bond Payable balance is:

Answer

$_______________

1. At December 31, 2022, the following balances existed for MICPA Corporation:

The bonds mature on 12/31/28. Straight-line amortization is used.

If 60% of the bonds are retired at 104 on January 1, 2025, what is the gain or loss on early extinguishment?

Answer

$_______________

2.

On January 1, 2020, Scottsdale Company issued its 12% bonds in the face amount of $3,000,000, which mature on January 1, 2030. The bonds were issued for $$3,805,200 to yield 8%. Scottsdale uses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31. The 12/31/23 Premium on Bond Payable balance is:

Answer

$_______________

CASE STUDY ----->>> "Sweet Tooth Cupcake and Pastry House

Sweet Tooth has managed the company until now basically running on a single Excel spreadsheet to determine costs, payroll hasn't been much of an issue because it has run with just the labor of its two original founders, and inventory has been managed by looking at the shelf to know how much is left.

Sales history has been difficult to maintain. The founders know how much money is coming in and how much is going out, but they don't know which products have been the most successful in terms of profit or sales volume other than by gut feel.

The time for an expansion to a second location and hiring of staff has come. With this expansion there will be additional needs for inventory management, sales tracking by product, location, etc., and payroll tracking.

This application needs to provide support for the following:

1. Know what inventory (separate raw goods and finished products) is on hand at which location.
2. Which inventory needs to be restocked due to quantity and lifespan.
3. Know who has worked which shifts (basic scheduling) and how much they have earned.
4. Sales reports with profit margins indicated, including over time (i.e. by month, quarter, etc.)
5. Reports by quantity sold of items based on date so comparisons can be made to predict demand for holidays, etc.
6. Equipment inventory and maintenance records.
7. Take orders for large events online with customer information for confirmation."

Question

I am working as an analyst, i need to be familiar with the business case and identify 5 questions I need answered from each role listed below within the business that isn't evident from the case study.

BUSINESS ROLES INCLUDE :

BAKERY MANAGER

SUPERVISOR

SALES EXECUTIVE

INVENTORY/PROCUREMENT OFFICER

CASHIER

Supermart Food Stores (SFS) has experienced net operating losses in its frozen food products line in the last few periods. Management believes that the store can improve its profitability if SFS discontinues frozen foods. The operating results from the most recent period are:

SFS estimates that store support expenses, in total, are approximately 13% of revenues.

The controller says that not every sales dollar requires or uses the same amount of store support activities. A preliminary analysis reveals store support activities for these three product lines are:

The controller estimates activity-cost rates for each activity as follows:

Required:

2. Prepare a product-line profitability report for SFS using the ABC information the controller provides.

I've worked out most of the problem but I'm having trouble with the question marks, thanks!

PIEPKORN MANUFACTURING WORKING CAPITAL MANAGEMENT, PART 1

You have recently been hired by Piepkorn Manufacturing to work in its newly established treasury department. Piepkorn Manufacturing is a small company that produces cardboard boxes in a variety of sizes. Gary Piepkorn, the owner of the company, works primarily in the sales and production areas. Currently, the company puts all receivables in one shoe box and all payables in another. Because of the disorganized system, the finance area needs work, and that's what you've been brought in to do. The company currently has a cash balance of $154,000 and plans to purchase new box folding machinery in the fourth quarter at a cost of $325,000. The purchase of the machinery will be made with cash because of the discount offered. The company's policy is to maintain a target cash balance of $100,000. All sales are in cash and all purchases are made on credit. Gary Piepkorn has projected the following gross sales for each of the next four quarters:

Gross sales for the first quarter of next year are projected at $908,000. Piepkorn typically orders 50 percent of next quarter's projected gross sales in the current quarter, and suppliers are typically paid in 53 days. Wages, taxes, and other costs run about 30 percent of gross sales. The company has a quarterly interest payment of $115,000 on its long-term debt. The company uses a local bank for its short-term financial needs. It pays 1.5 percent per quarter on all short-term borrowing and maintains a money market account that pays 1 percent per quarter on all short-term deposits. Gary has asked you to prepare a cash budget and short-term financial plan for the company under the current policies. He has also asked you to prepare additional plans based on changes in several inputs.

QUESTIONS

a. Use the numbers given to complete the cash budget and short-term financial plan.

b. Rework the cash budget and short-term financial plan assuming Piepkorn changes to a target balance of $80,000.

The drive-up window at a local bank is searching for ways to improve service. One of the tellers has decided to keep a control chart for the service time in minutes for the first four customers driving up to her window each hour for a three-day period. The results for her data collection appear below:

Using Minitab:

1. Construct the X-bar and R charts?
2. Estimate the standard deviation for the time to service a customer at the drive-up window?
3. Determine whether there are any indications of a lack of control?
4. If the upper specification of the time to service is 6 minutes and the lower specification is 2.5 minutes, using the process parameters estimated from the control charts generate by Minitab the six pack capability analysis?

if it's possible i need the minitab file or link for it

1. One of the roles of the liver is to maintain a blood glucose level between 70 – 120 mg/dL (roughly 3.8 – 6.7 mM). Several factors are involved in the fact that liver cells (hepatocytes) respond differently than other cell types; on of those factors is differential expression of hexokinase isoforms. Most cells express hexokinase I; the liver primarily uses isoform IV, more commonly referred to as glucokinase. The table below summarized some of the differences between these isoforms.

a. Define the term isoform. How can isoforms of the same enzyme be differentially regulated?

b. Explain the physiological logic behind the differences between these isoforms.

c. Using the data provided, sketch a plot of enzyme rate as a function of glucose concentration for both isoforms on a single set of axes. Include curves for each isoform in the presence and absence of glucose-6-phosphate. Explain the reasoning behind your curves, including any decision as the type of inhibition exhibited by glucose-6-phosphate.

d. Hexokinase is also inhibited by ATP. Explain why this makes sense and draw a curve for hexokinase in the presence of ATP on the graph above.

Use the following fact pattern to answer questions 13 through 19:

Danville, KY, population 16,735, adopted its general fund budget on July 1 for $2,657,000 for fiscal year 2021. Danville issued purchase orders totaling $11,050 on August 14. Approximately $8,860 of the goods were received on August 17 (receiving report issued), with an invoice of $8,844 received on August 18. Payment for this order was made on August 31. The remaining goods were received on September 4 with an invoice for $2,188 received on September 5.

13. Which of the following would be the third in the order of the flow of goods?

A. Appropriations.

B. Expenditures.

C. Encumbrances.

D. Payment.

14. What is the entry that would be recorded when the purchase order was issued?

A. Debit Estimated Revenues, $3,220,000.

B. Credit Encumbrances Outstanding—2021, $8,860.

C. Debit Encumbrances—2021, $11,050.

D. Credit Voucher Payable, $11,050.

15. After the purchase order is issued, what is the amount of available appropriations in the general fund?

A. $2,645,950.

B. $2,657,000.

C. $2,648,156.

D. $2,645,966.

16. The first receipt of goods on August 17 would require a:

A. Debit Encumbrances—2021, $8,844.

B. Debit Encumbrances Outstanding—2021, $8,860.

C. Credit Encumbrances—2021, $8,844.

D. Credit Encumbrances Outstanding—2021, $8,860.

17. The second receipt of goods on September 4 would require a: A. Debit Encumbrances—2021, $11,050.

B. Debit Encumbrances Outstanding—2021, $2,188.

C. Credit Encumbrances—2021, $2,190.

D. Credit Encumbrances Outstanding—2021, $2,190.

18. After the first and second receipts of goods and payments for those goods, what would be the amount of available appropriations in the general fund?

A. $2,645,966.

B. $2,645,968.

C. $2,648,156.

D. $2,648,638.

19. If the order was issued on August 14 for medical supplies for public health, the entry to record the receipt of the invoice on August 18 and September 5 would require the following at the governmental activities (government-wide) level (ignore amounts):

A. Debit Expenditures—2021.

B. Debit Expenses—Public Health. C. Debit Vouchers Payable.

D. Debit Expenses—General Fund.