Ranieri Company maintains perpetual inventories. During June, the following changes in inventory took place:

                        6/1       Balance              1,200 units @ $3.00

                        6/7       Sold                       700 units @ $12.00

                        6/10     Purchased             600 units @ $3.20

                        6/18     Purchased          1,000 units @ $3.30

                        6/19     Sold                     1,900 units @ $12.00

                        6/24     Purchased          1,300 units @ $3.40

                        6/25     Sold                        800 units @ $12.00

                        6/28     Purchased          1,500 units @ $3.60

                        6/30     Sold                     1,300 units @ $12.00

Required:

Determine the cost of ending inventory using the FIFO, LIFO, and average cost methods.

What is the amount of gross profit for using each method?

If Ranieri wants to follow GAAP, which method should be used?

How sensitive to changes in water temperature are coral reefs? To find out, scientists examined data on sea surface temperatures and coral growth per year at locations in the Gulf of Mexico and the Caribbean Sea. Scientists examined data on mean sea surface temperatures (in degrees Celsius) and mean coral growth (in centimeters per year) over a several‑year period at locations in the Gulf of Mexico and the Caribbean. The table shows the data for the Gulf of Mexico.

a) Use software to find the mean and standard deviation of both sea surface temperature ?x and growth ?y and then find the correlation ?r between ?x and ?.y. Enter your answers in the answer fields using the specific decimal place precision noted.

?¯ (rounded to four decimal places)=

?? (rounded to four decimal places)=

?¯ (rounded to two decimal places)=

?? (rounded to four decimal places)=

? (rounded to four decimal places)=

(b) Use these basic measures to find the equation of the least‑squares line for predicting ?y from ?.x. Give the slope and the intercept, rounding both to four decimal places.

slope=

intercept=

(c) Choose the best explanation that describes in words what the numerical value of the slope tells you.

Every increase in coral growth of one centimeter will result in an average of 5.255.25 more degrees Celsius of sea surface temperature per year.

Every increase in coral growth of one centimeter will result in an average of 5.255.25 fewer degrees Celsius of sea surface temperature per year.

Every increase in sea surface temperature of one degree Celsius will result in an average of 0.15780.1578 more centimeters of coral growth per year.

Every increase in sea surface temperature of one degree Celsius will result in an average of 0.15780.1578 fewer centimeters of coral growth per year.

Describe how the general price level adjusted (GPLA) model accounts for changes in the general purchasing power of the reporting currenct over time. what are the strengths and weaknesses of the GPLA model?

Characterize the changes that occur in peer relations during adolescence. How does this affect big social service issues such as gang behavior, teen pregnancy, and teens dropping out of school? Write about the role peer pressure played (or still plays) in your life. What were the results of your conformity? What might occur during identity formation that might lead an individual to continue to succumb to peer pressure later in life? What might have contributed to the development of individuals who are independent thinkers and nonconformists?

Hello,

I’m having some trouble making changes to the Cellphone and the associated tester class;

Any help is appreciated !

1. Cellphone class;

-Implement both get and set methods for all 3 attributes or fields of the class

- Fields/Attributes are all initialized using the setter methods and there’s no need to initialize them using the contractor.

2) Tester Class;

-Create the objects using the default constructor. This is the constructor with no parameter

-Call the set methods of all 3 fields/attributes to set their initial values.

-No changes to the other functionalities of the tester class.

IDE; drjava

CellPhone.java

-------------------------------------------------------------------------------

/*
* This is CellPhone class with variables
* Manufacturer Name, Retail Price and Model name.
* It has its getter and setter methods along with the
* methods to calculate the increment and decrement of price.
*/
public class CellPhone {
   private String manufact_name;
   private double retail_price;
   private String model;
   public CellPhone(String name, double price, String model) {
       this.manufact_name = name;
       this.retail_price = price;
       this.model = model;  
   }

   /**
   * @return the manufact_name
   */
   public String getManufact_name() {
       return manufact_name;
   }
  
   /**
   * @return the retail_price
   */
   public double getRetail_price() {
       return retail_price;
   }
   /**
   * @param retail_price the retail_price to set
   */
   public void setRetail_price(double retail_price) {
       this.retail_price = retail_price;
   }
   /**
   * @return the model
   */
   public String getModel() {
       return model;
   }
   /**
   * @param model the model to set
   */
   public void setModel(String model) {
       this.model = model;
   }
  
   public double increase_price(double inc) {
       retail_price = retail_price + inc;
       return retail_price;  
   }
  
   public double decrease_price(double dec) {
       retail_price = retail_price - dec;
       return retail_price;
   }

}

CPTester.java

-------------------------------------------------------------------------------

/*
* This class tests the CellPhone.java class. It creates two objects for CellPhone class
* Gets the input from User through Scanner class. Increase/Decrease the price of CellPhone
* and display the CellPhone object information.
*/
import java.util.Scanner;

public class CPTester {
  
   public static void main(String[]args) {
       Scanner in = new Scanner(System.in);             

       System.out.print("Please enter the CellPhone1 Manufacturer Name:");
       String manufact_name1 = in.next();
       System.out.print("Please enter the CellPhone1 Retail Price :");
       double price1 = in.nextDouble();
       System.out.print("Please enter the CellPhone1 Model Name :");
       String model1 = in.next();
      
       CellPhone cp1 = new CellPhone(manufact_name1,price1, model1);
       System.out.println("CellPhone1 Manufacturer Name :"+cp1.getManufact_name());
       System.out.println("CellPhone1 Retail price :"+cp1.getRetail_price());
       System.out.println("CellPhone1 Model :"+cp1.getModel());
       //Increased price
       System.out.print("Please enter the CellPhone1 price increment :");
       double inc=in.nextDouble();
       //Price after increase
       System.out.println("CellPhone1 Retail price After increase :"+cp1.increase_price(inc));
      
      
       System.out.print("Please enter the CellPhone2 Manufacturer Name:");
       String manufact_name2 = in.next();
       System.out.print("Please enter the CellPhone2 Retail Price :");
       double price2 = in.nextDouble();
       System.out.print("Please enter the CellPhone2 Model Name :");
       String model2 = in.next();
       CellPhone cp2 = new CellPhone(manufact_name2,price2, model2);
       System.out.println("CellPhone2 Manufacturer Name :"+cp2.getManufact_name());
       System.out.println("CellPhone2 Retail price :"+cp2.getRetail_price());
       System.out.println("CellPhone2 Model :"+cp2.getModel());
       //Decreased price
       System.out.print("Please enter the CellPhone2 price Decrease :");
       double dec=in.nextDouble();
       //Price after decrease
       System.out.println("CellPhone2 Retail price After decrease :"+cp2.decrease_price(dec));      
              
   }

}

Exercise 11-11 Effects of Changes in Profits and Assets on Return on Investment (ROI) [LO11-1]

[The following information applies to the questions displayed below.]

Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as needed, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the following results for the past year:

The following questions are to be considered independently.

Exercise 11-11 Part 1

Required:

1. Compute the Springfield club’s return on investment (ROI). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Exercise 11-11 Part 2

2. Assume that the manager of the club is able to increase sales by $82,000 and that, as a result, net operating income increases by $6,724. Further assume that this is possible without any increase in average operating assets. What would be the club’s return on investment (ROI)? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Exercise 11-11 Part 3

3. Assume that the manager of the club is able to reduce expenses by $3,280 without any change in sales or average operating assets. What would be the club’s return on investment (ROI)? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Exercise 11-11 Part 4

4. Assume that the manager of the club is able to reduce average operating assets by $50,000 without any change in sales or net operating income. What would be the club’s return on investment (ROI)? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Changes in the interest rate affect various kinds of economic activity and thereby, over time, inflation. Explain how monetary policy works and what are transmission channels through which the monetary policy affects economic activity and the inflation?

What is the etiology, pathogenesis, and clinical manifestations of chronic kidney disease? What lifestyle changes (treatment approaches) do you recommend that chronic kidney disease patients avoid? Why are hypertension and anemia coded with chronic kidney disease?

Impact of Inventory Changes on Absorption-Costing Income: Divisional Profitability Dana Baird was manager of a new Medical Supplies Division. She had just finished her second year and had been visiting with the company’s vice president of operations. In the first year, the operating income for the division had shown a substantial increase over the prior year. Her second year saw an even greater increase. The vice president was extremely pleased and promised Dana a $5,000 bonus if the division showed a similar increase in profits for the upcoming year. Dana was elated. She was completely confident that the goal could be met. Sales contracts were already well ahead of last year’s performance, and she knew that there would be no increases in costs. At the end of the third year, Dana received the following data regarding operations for the first three years:

Year 1 Year 2 Year 3

Production 10,000 11,000 9,000

Sales (in units) 8,000 10,000 12,000

Unit selling price $10 $10 $10

Unit costs: Fixed overhead* $2.90 $3.00 $3.00

Variable overhead $1.00 $1.00 $1.00

Direct materials $1.90 $2.00 $2.00

Direct labor $1.00 $1.00 $1.00

Variable selling $0.40 $0.50 $0.50

Actual fixed overhead $29,000 $30,000 $30,000

Other fixed costs $ 9,000 $10,000 $10,000

*The predetermined fixed overhead rate is based on expected actual units of production and expected fixed overhead. Expected production each year was 10,000 units. Any under- or overapplied fixed overhead is closed to Cost of Goods Sold.

Yearly Income Statements Year 1 Year 2 Year 3

Sales revenue $80,000 $100,000 $120,000

Less: Cost of goods sold* 54,400 67,000 86,600

Gross margin $ 25,600 $ 33,000 $ 33,400

Less: Selling and administrative expenses 12,200 15,000 16,000

Operating income $13,400 $ 18,000 $ 17,400

*Assumes a LIFO inventory flow.

Upon examining the operating data, Dana was pleased. Sales had increased by 20 percent over the previous year, and costs had remained stable. However, when she saw the yearly income statements, she was dismayed and perplexed. Instead of seeing a significant increase in income for the third year, she saw a small decrease. Surely, the Accounting Department had made an error.

Required:

1. Explain to Dana why she lost her $5,000 bonus.

2a. Prepare variable-costing income statements for each of the three years.

Medical Supplies Division

Variable Costing Income Statements

For the Previous 3 Years Year 1 Year 2 Year 3

Sales $ $ $

Less: Variable cost of goods sold

Variable selling expense

Contribution margin $ $ $

Less: Fixed overhead

Other fixed costs

Operating income $ $ $

2b. What is the difference between the absorption-costing and variable-costing incomes?

$

3. If you were the vice president of Dana’s company, which income statement (variable-costing or absorption-costing) would you prefer to use for evaluating Dana’s performance?

Do you believe that there is too much or too little redundancy in our health care delivery system? Where does most of the redundancy occur? Where should we have more redundancy (second opinions)?