Questions
The next three questions are based on the following information: Strata Company is a retailer whose...

The next three questions are based on the following information: Strata Company is a retailer whose shares are publicly traded. During year X1, Strata reported the following quarterly financial information in its SEC filings: Quarter Q1 Q2 Q3 Q4 Pre-Tax Income 100,000 130,000 140,000 180,000 Taxes (20%) (20,000) (26,000) (28,000) (36,000) Net Income 80,000 104,000 112,000 144,000 As a retailer, Strata counts its inventory on 6/30 and 12/31 of each year. While observing Strata's inventory count on 12/31/X1 prior to closing, the auditor discovered that Strata's ending inventory count was overstated by $30,000 as it included goods received from Rapid Company that were being held on consignment. The auditor then went back to the inventory scan records that were made when Strata counted its inventory back on 6/30/X1 and discovered that the same $30,000 of goods being held on consignment had been counted when calculating Strata's ending inventory. As a corporation, Strata files quarterly tax returns with the IRS. In response to this information, what accounting entries if any should Strata make on 12/31/X1? Select one: a. Debit Cost of Sales for $30,000 and Credit Inventory for $30,000 b. Debit Cost of Sales for $24,000, Debit Tax Expense for $6,000 and Credit Inventory for $30,000 c. Debit Retained Earnings for $30,000 and Credit Inventory for $30,000 d. Debit Cost of Sales for $30,000, Debit Accounts Receivable $6,000, Credit Inventory for $30,000, and Credit Tax Expense for $6,000 e. None of the Above

Assume that P is a public Company that owns 90% of Strata and has previously filed consolidated financial statements for quarters Q1, Q2, and Q3 of year X1. Based on this information, what accounting entries should P make on 12/31/X1 when it is notified of the inventory counting problems? Select one: a. Debit Investment Income for $18,000 and Credit Investment in Strata for $18,000 b. Debit Investment Income for $21,600 and Credit Investment in Strata for $21,600 c. Debit Investment Income for $24,000 and Credit Investment in Strata for $24,000 d. Debit Retained Earnings for $24,000 and Credit Investment in Strata for $24,000 e. None of the Above Question 9

In addition to making correcting accounting entries, what additional responsibilities does P have under ASC 250 regarding its Investment in Strata? Select one: a. P is required to restate consolidated results for quarter Q2. b. P is required to restate consolidated results for quarter Q3. c. P is required to disclose the effects of the Strata error on previously reported results. d. All of the Above

In: Accounting

Following the outbreak of the Novel Coronavirus (COVID 19), CPC a pharmaceutical company is considering introducing...

Following the outbreak of the Novel Coronavirus (COVID 19), CPC a pharmaceutical company is considering introducing a new vaccine unto the market to help fight the virus. This will require the injection of huge capital to the tune of GH¢40,000,000 for the purchase of the equipment for production. It will cost CPC an additional GH¢ 5,500,000 to set up the production facility and install that equipment for production. Mr. Smart, the CEO of CPC believes that the vaccine could be manufactured in a building owned by the firm and located in East Legon. This vacant building and the land can be sold for GH¢ 1,500,000 after taxes. CPC will finance the production of the vaccine (including initial working capital investment) by issuing 2000,000 new common stocks at GH¢ 20 per share from its existing shareholders. A total of GH¢ 40,000,000 is expected to be raised from the rights issue. It expects to finance the remaining investment including initial working capital investment from the issue of a 5-year bond with a before-tax yield to maturity (YTM) of 12%. Mr. Qwesi, the Finance Director has estimated the beta of the project to be 2.5 and the average return for stocks traded on the Ghana Stock Exchange to be 10% while the rate on Government of Ghana traded Treasury bills is 5%. The successful production of the vaccine will generate additional cash flows for CPC. The Production and Marketing department has presented the information in the table below:
2020
Variable cost per unit of the product GH¢150
Selling price per unit GH¢350
Quantity 400,000units per annum

Again the following information should be taken note of:
• Feasibility studies cost the company GH¢2,000,000
• Test marketing expenses amounts to GH¢1,000,000
• The research into the discovery of the vaccine costs GH¢5,000,000
• Variable cost will increase by 5% per annum
• Selling price will increase by 10% per annum
• Marketing expense will be 5% of sales revenue per year
• Overhead cost will be fixed at GH¢6000,000 per year
• The project will last for five (5) years (2021-2025)
• Charge depreciation using the straight-line method
• Salvage value for equipment is GH¢2,000,000
• CPC falls within the 25% tax bracket
• An initial working capital investment of GH¢10,000,000 will be made. Subsequently, net working capital at the end of each year will be equal to 10 percent of sales for that year. In the final year of the project, net working capital will decline to zero as the project is wound down. In other words, the investment in working capital is to be completely recovered by the end of the project’s life
• The introduction of this new vaccine is expected to lead to 10,000 units per annum drop in sales of vaccines for other types of corona virus by. The selling price per unit of existing products is GH¢100 while the variable cost is GH¢70. This has no tax implications for the new vaccine.  
• The project will be financed with debt and equity

Required:
a. Evaluate the project using the NPV and Profitability index and recommend whether CPC should go ahead with the production of the vaccine.                                             

In: Finance

I dont know what to do: Is there a significant difference between drug type and mean...

I dont know what to do: Is there a significant difference between drug type and mean relative-change* of Cholesterol from screening to follow up?

* Relative Change = (Follow up - Initial) / Initial

Patient ID Drug Stomach Pain Sex Age Height Systolic BP Diastolic BP Exercise Coffee Consumption Alcohol Consumption Weight Weight3 Cholesterol Cholesterol3 Triglycerides Triglycerides3 HDL HDL3 LDL LDL3
1 B Yes F 22 67.13 124 78 180 1 > 2 138 145 197 182 152 135 43 34 151.6 145.8
2 B Yes M 22 63 122 70 0 2 < 2 115 122 181 151 59 57 60 48 120.1 102.1
3 B No F 22 72 124 80 90 0 < 2 190 190 190 169 117 86 41 37 147.1 130.6
4 A Yes M 22 69 120 70 120 5 > 2 115 105 131 133 54 72 58 67 72.1 64.8
5 B Yes M 25 73 138 92 40 2 > 2 160 165 172 166 93 139 49 40 121.5 123.8
6 B Yes M 22 67.5 100 72 0 0 < 2 150 165 233 229 176 144 42 38 188.2 188.7
7 A Yes M 23 73 128 78 0 2 < 2 154 150 194 148 79 80 49 26 143.7 120.7
8 A No M 24 71.5 128 74 90 0 < 2 185 187 155 148 89 73 45 50 108.6 96.8
9 A Yes F 23 73.5 124 82 60 1 > 2 178 166 234 175 307 88 28 28 201.1 145.6
10 A Yes M 22 72.25 130 88 40 0 0 158 163 201 203 88 112 50 40 149.6 161.2
11 A No M 26 73 130 86 0 1 < 2 188 195 258 276 299 199 30 21 223.2 251.8
12 A No M 22 64.25 120 74 0 0 > 2 150 150 212 228 52 61 69 60 142.2 167
13 B Yes M 22 64.25 120 74 0 4 0 123 131 137 165 158 147 29 39 105.5 123.6
14 B No F 27 65 100 68 180 2 > 2 138 133 285 229 98 89 69 61 214.4 166.6
15 A No M 22 59 124 84 180 0 > 2 143 140 218 172 101 96 46 21 170.4 149.5
16 B Yes F 24 67.5 122 68 210 1 < 2 139 151 167 152 71 91 51 37 114.9 113.5
17 A Yes F 22 71.5 118 70 60 0 < 2 156 155 170 158 81 91 42 40 126.7 116.5
18 A Yes M 22 69 125 76 180 0 < 2 150 154 157 140 86 88 37 34 118.6 104.6
19 A Yes M 24 68 122 74 100 5 > 2 135 128 215 176 71 53 62 46 151.9 129.2
20 A No M 25 74 134 88 180 0 < 2 219 220 194 207 71 130 40 33 152.9 171.9
21 A No F 28 71 110 80 60 2 > 2 173 173 207 231 107 145 53 47 152.3 181.7
22 A Yes M 22 68.5 116 84 280 0 0 151 165 198 199 80 126 44 46 152.7 151
23 A Yes M 23 75.5 124 73 60 1 0 182 183 189 262 47 230 50 31 138.2 227.3
24 A Yes M 24 70 124 72 360 0 < 2 161 163 216 203 95 121 35 28 179.5 173.1
25 B Yes F 22 72 126 88 120 0 0 176 173 212 173 140 88 43 35 166.8 136.6
26 B Yes F 26 72.5 138 82 0 0 < 2 177 175 175 169 77 78 46 52 127.8 115.8
27 B Yes F 23 72 120 68 60 1 < 2 174 197 158 172 57 126 34 30 123.1 140
28 B No F 20 74 118 76 0 2 0 234 217 115 146 95 110 26 33 87.5 111.2
29 B No F 28 66 138 82 120 0 0 150 160 228 224 480 373 29 28 191.3 190
30 A Yes F 23 74 124 76 60 0 < 2 149 150 164 164 94 92 43 44 119.5 118.5
31 B Yes M 22 70 118 72 0 0 < 2 156 160 149 149 155 65 37 29 109.5 119
32 A Yes F 23 71.5 124 70 180 3 < 2 168 170 211 183 63 60 52 44 158 138
33 B Yes F 22 73 122 76 0 0 < 2 182 170 191 185 99 101 39 39 150.4 144.4
34 B No F 40 75 128 80 0 5 > 2 217 230 277 243 240 218 71 28 202.2 211.5
35 B No M 22 65 128 82 120 1 < 2 190 201 178 191 52 77 41 56 136.2 133.8
36 A Yes F 25 69 124 78 150 5 < 2 159 154 157 112 93 71 41 38 114.5 72.9
37 A No M 22 73 126 73 180 0 0 191 199 151 155 44 94 42 44 108.3 109.5
38 A No M 24 59.5 122 72 100 0 0 140 140 209 165 71 71 41 42 166.9 121.9
39 B No F 23 71 116 72 120 0 0 183 186 209 147 95 124 37 29 170.5 116
40 B Yes F 26 71 132 78 90 0 0 162 167 197 216 47 64 43 43 153.2 172
41 B No M 29 69.5 130 82 0 3 < 2 181 169 226 208 126 86 38 36 186 170.6
42 B No F 30 70 112 72 0 5 < 2 196 199 127 139 116 69 32 31 93.1 106.9
43 A No M 25 65.5 120 72 180 2 > 2 141 143 180 162 85 93 41 46 137.6 114.5
44 B No F 25 74 117 77 0 2 0 230 217 117 146 95 110 25 33 87.5 111.2
45 A Yes M 24 70 122 76 100 5 > 2 135 128 215 177 71 53 62 46 151.9 129.2

In: Math

Scroll the bottom arrows to see the whole table. if I make it any smaller you...

Scroll the bottom arrows to see the whole table. if I make it any smaller you will not be able to see the numbers clearly: Is there a relationship between the relative-change* in weight and the relative-change* in Cholesterol level from screening to follow up for patients taking Drug A?

* Relative Change = (Follow up - Initial) / Initial

Patient ID Drug Stomach Pain Sex Age Height Systolic BP Diastolic BP Exercise Coffee Consumption Alcohol Consumption Weight Weight3 Cholesterol Cholesterol3 Triglycerides Triglycerides3 HDL HDL3 LDL LDL3
1 B Yes F 22 67.13 124 78 180 1 > 2 138 145 197 182 152 135 43 34 151.6 145.8
2 B Yes M 22 63 122 70 0 2 < 2 115 122 181 151 59 57 60 48 120.1 102.1
3 B No F 22 72 124 80 90 0 < 2 190 190 190 169 117 86 41 37 147.1 130.6
4 A Yes M 22 69 120 70 120 5 > 2 115 105 131 133 54 72 58 67 72.1 64.8
5 B Yes M 25 73 138 92 40 2 > 2 160 165 172 166 93 139 49 40 121.5 123.8
6 B Yes M 22 67.5 100 72 0 0 < 2 150 165 233 229 176 144 42 38 188.2 188.7
7 A Yes M 23 73 128 78 0 2 < 2 154 150 194 148 79 80 49 26 143.7 120.7
8 A No M 24 71.5 128 74 90 0 < 2 185 187 155 148 89 73 45 50 108.6 96.8
9 A Yes F 23 73.5 124 82 60 1 > 2 178 166 234 175 307 88 28 28 201.1 145.6
10 A Yes M 22 72.25 130 88 40 0 0 158 163 201 203 88 112 50 40 149.6 161.2
11 A No M 26 73 130 86 0 1 < 2 188 195 258 276 299 199 30 21 223.2 251.8
12 A No M 22 64.25 120 74 0 0 > 2 150 150 212 228 52 61 69 60 142.2 167
13 B Yes M 22 64.25 120 74 0 4 0 123 131 137 165 158 147 29 39 105.5 123.6
14 B No F 27 65 100 68 180 2 > 2 138 133 285 229 98 89 69 61 214.4 166.6
15 A No M 22 59 124 84 180 0 > 2 143 140 218 172 101 96 46 21 170.4 149.5
16 B Yes F 24 67.5 122 68 210 1 < 2 139 151 167 152 71 91 51 37 114.9 113.5
17 A Yes F 22 71.5 118 70 60 0 < 2 156 155 170 158 81 91 42 40 126.7 116.5
18 A Yes M 22 69 125 76 180 0 < 2 150 154 157 140 86 88 37 34 118.6 104.6
19 A Yes M 24 68 122 74 100 5 > 2 135 128 215 176 71 53 62 46 151.9 129.2
20 A No M 25 74 134 88 180 0 < 2 219 220 194 207 71 130 40 33 152.9 171.9
21 A No F 28 71 110 80 60 2 > 2 173 173 207 231 107 145 53 47 152.3 181.7
22 A Yes M 22 68.5 116 84 280 0 0 151 165 198 199 80 126 44 46 152.7 151
23 A Yes M 23 75.5 124 73 60 1 0 182 183 189 262 47 230 50 31 138.2 227.3
24 A Yes M 24 70 124 72 360 0 < 2 161 163 216 203 95 121 35 28 179.5 173.1
25 B Yes F 22 72 126 88 120 0 0 176 173 212 173 140 88 43 35 166.8 136.6
26 B Yes F 26 72.5 138 82 0 0 < 2 177 175 175 169 77 78 46 52 127.8 115.8
27 B Yes F 23 72 120 68 60 1 < 2 174 197 158 172 57 126 34 30 123.1 140
28 B No F 20 74 118 76 0 2 0 234 217 115 146 95 110 26 33 87.5 111.2
29 B No F 28 66 138 82 120 0 0 150 160 228 224 480 373 29 28 191.3 190
30 A Yes F 23 74 124 76 60 0 < 2 149 150 164 164 94 92 43 44 119.5 118.5
31 B Yes M 22 70 118 72 0 0 < 2 156 160 149 149 155 65 37 29 109.5 119
32 A Yes F 23 71.5 124 70 180 3 < 2 168 170 211 183 63 60 52 44 158 138
33 B Yes F 22 73 122 76 0 0 < 2 182 170 191 185 99 101 39 39 150.4 144.4
34 B No F 40 75 128 80 0 5 > 2 217 230 277 243 240 218 71 28 202.2 211.5
35 B No M 22 65 128 82 120 1 < 2 190 201 178 191 52 77 41 56 136.2 133.8
36 A Yes F 25 69 124 78 150 5 < 2 159 154 157 112 93 71 41 38 114.5 72.9
37 A No M 22 73 126 73 180 0 0 191 199 151 155 44 94 42 44 108.3 109.5
38 A No M 24 59.5 122 72 100 0 0 140 140 209 165 71 71 41 42 166.9 121.9
39 B No F 23 71 116 72 120 0 0 183 186 209 147 95 124 37 29 170.5 116
40 B Yes F 26 71 132 78 90 0 0 162 167 197 216 47 64 43 43 153.2 172
41 B No M 29 69.5 130 82 0 3 < 2 181 169 226 208 126 86 38 36 186 170.6
42 B No F 30 70 112 72 0 5 < 2 196 199 127 139 116 69 32 31 93.1 106.9
43 A No M 25 65.5 120 72 180 2 > 2 141 143 180 162 85 93 41 46 137.6 114.5
44 B No F 25 74 117 77 0 2 0 230 217 117 146 95 110 25 33 87.5 111.2
45 A Yes M 24 70 122 76 100 5 > 2 135 128 215 177 71 53 62 46 151.9 129.2

In: Math

25)Sosin Inc. manufactures hydrogen engines. Recently 350 new orders placed by customers requesting credit. The variable...

25)Sosin Inc. manufactures hydrogen engines. Recently 350 new orders placed by customers requesting credit. The variable cost is $16,000 per unit, and the credit price is $18,400 each. Credit is extended for one period, and based on historical experience, payments for 15% of the orders are never collected. The required return is 3% per period. Suppose that customers who don’t default become repeat customers and they never default. Calculate the NPV?

In: Finance

Steve and Bill both produce computers and smart watches. If Steve uses all his resources on...

Steve and Bill both produce computers and smart watches. If Steve uses all his resources on computers he can make 3 million computers per year. If he use all their resources on watches, Steve can make 5 million watches a year. If Bill uses all his resources they can make 2 million computers a year and if he use all of his resources on watches he can make 7 million watches per year. This information is summarized in the following table.

Table 2: Amount of each good each individual could produce if he only produced that particular good

   Computers Watches

Steve 3 million 5 million

Bill 2 million 7 million

a. Who has an absolute advantage in computers? In watches?

b.Find the opportunity cost of each good for each company. Fill in the table below with the opportunity costs (make sure you use the correct units).

Table 3: Opportunity Costs

Computers Watches

Steve

Bill

c. Who has comparative advantage in computers? In watches?

d. If Steve and Bill were to trade products with each other, who will trade away watches in exchange for computers?

e. The price of watches can be expresses in terms of computers. What is the highest price at which watches can be traded that would make both agents better of? What is the lowest price? Explain.

In: Economics

The supplying division of a company produces a component which is sold to the company's buying...

The supplying division of a company produces a component which is sold to the company's buying division and to external customers. The supplying division has incremental costs of $40 per unit and can sell the component to its external customers for $75. The buying division can purchase a similar component from an external supplier for $80. Which of the following is TRUE regarding Transfer Prices?

1. Assuming the supplying division has no excess capacity, the minimum amount it would charge the buying division is $40.

2. The supplying division would have to consider the amount of fixed costs related to the component before determining the transfer price.

3. The maximum transfer price that the supplying division could charge the buying division is $80 regardless of whether the supplying division has excess capacity or not.

4. Assuming the supplying division has excess capacity, the minimum transfer price it would charge the buying division is $75.

In: Accounting

Aircraft companies had very difficult times during the pandemic period. AHL, and OA have created some...

Aircraft companies had very difficult times during the pandemic period. AHL, and OA have created some advantages for their loyal customers, especially for the Istanbul-Ankara flight. AHLprovides 900 points (flight miles) for each flight to its customers flying from Istanbul to Ankara. However, it gives 1000 (flight miles) extra points to more than 3 flights and 1350 (flight miles) to more than 6 flights within three months. While OA gives 1200 points (flight miles) for each flight, it gives 1500 (flight miles) extra points for every 5 flights within three months. While the ticket price of AHL company in Istanbul-ankara is 800 TL, the ticket price of OA is 600 TL.

For a person who wants to make an Istanbul-ankara flight 60 times in the next twelfe months, please create an integer programming model to maximize flight miles.

In: Physics

Required information On January 1, Year 1, the general ledger of a company includes the following...

Required information

On January 1, Year 1, the general ledger of a company includes the following account balances:

Accounts Debit Credit
Cash $ 24,400
Accounts Receivable 5,800
Supplies 3,700
Land 56,000
Accounts Payable $ 3,800
Common Stock 71,000
Retained Earnings 15,100
Totals $ 89,900 $ 89,900

During Year 1, the following transactions occur:

January 2 Purchase rental space for one year in advance, $7,800 ($650/month).
January 9 Purchase additional supplies on account, $4,100.
January 13 Provide services to customers on account, $26,100.
January 17 Receive cash in advance from customers for services to be provided in the future, $4,300.
January 20 Pay cash for salaries, $12,100.
January 22 Receive cash on accounts receivable, $24,700.
January 29

Pay cash on accounts payable, $4,600.

3. Prepare an adjusted trial balance as of January 31, Year 1.

In: Accounting

1- If a firm has a resilient supply chain capable of meeting short lead times, that...

1- If a firm has a resilient supply chain capable of meeting short lead times, that firm is said to be

A. Efficient
B. Responsive
C. A blue chip company
D. A push or pull firm

2- Salt, compared to electronic products, will have a lower implied demand uncertainty because salt has

A. Unpredictable demand
B. Predictable demand
C. Lower spectrum
D.

Strategic fit

3- A supply source with inflexible supply capacity leads to

A. Decrease in uncertainty
B. Increase in uncertainty
C. None of the above
D.

Perfect supply and demand match. This is better for growing the supply chain surplus.

4- Amazon has different groups of customers. Each has unique sets of needs that Amazon has to satisfy. The strategy defining the needs of these different groups of Amazon's customers is

A. Marketing and sales strategy
B. Competitive strategy
C. Product development strategy
D. Supply chain strategy

In: Operations Management