Jackson Company applies overhead to products using a pre
determined rate of $12.10 per direct labor hour.

During 2019, Jackson Company began work on three jobs.
Information relating to these three jobs appears below:

                           Job #359   Job #360   Job #361
direct materials .......    $98,000    $75,000    $91,000
direct labor cost ......    $95,200    $79,900    $69,700
direct labor hours .....      5,600      4,700      4,100

By the end of 2019, job #359 and job #361 had been completed.
Job #360 was not completed by the end of 2019. Additionally,
by the end of 2019, job #361 had been sold while job #359 was
not sold. Jackson Company had total actual overhead cost of
$169,000 during 2019.

a.) Calculate the amount of finished goods inventory reported in
Jackson Company's December 31, 2019 balance sheet.

b.) Calculate the cost of goods sold reported by Jackson Company
for 2019 after the overhead variance has been closed.

Felicity Manufacturing is considering a capital project which will cost $50,000 at Time 0 and which can be sold after 3 years for $10,000. $12,000 must be invested at Time 0 in inventories and receivables; these funds will be recovered when the operation is closed at the end of Year 3. The project will produce sales revenues of $50,000 per year for 3 years; variable operating costs (excluding depreciation) will be 40 percent of sales. No fixed costs will be incurred. Operating cash inflows will begin one year from today (at t = 1). The project will have depreciation expenses of $40,000, $5,000, and $5,000 in Years 1, 2, and 3, respectively. The company has a 40 percent tax rate, enough taxable income from other assets to enable it to get a tax refund on this project if the project's income is negative. The project has a 15 percent required rate of return. Inflation will be assumed to be zero in the next three years. What is the project's NPV?

Steve bought ABC stocks on margin, while Larry shorted it. Suppose the share price of ABC at the time of their trading was $100. Initial margin was 50% for margin trading and short selling. One year later, ABC’s per-share price had risen to $115 and they both closed their positions. ABC issued $2-per-share dividends during the year. Interests on margin loans were negligible. Answer the following questions. 1. What was Steve’s rate of return on his investment? (Note: these questions do not require knowledge of their initial investment. You can use one share as the basis of your calculation.) 2. What was Larry’s rate of return on his investment? 3. Suppose right after the margin trade (no dividends announced or paid), there was a big stock price movement and Steve got a margin call. If the maintenance margin was 30%, ABC’s shares must have dropped below price P per share. Find P

1. Balance Sheet

   Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 20Y7, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows:

   Accounts Payable	$11,370
   Accounts Receivable	27,400
   Accumulated Depreciation - Equipment	34,220
   Common Stock	180,000
   Cash	?
   Equipment	98,920
   Land	132,000
   Prepaid Insurance	6,370
   Prepaid Rent	3,980
   Retained Earnings	48,080
   Salaries Payable	4,430
   Supplies	680
   Unearned Fees	3,300

   Prepare a classified balance sheet that includes the correct balance for Cash.

   Dynamic Weight Loss Co.
   Balance Sheet
   June 30, 20Y7
   Assets
   Current assets:
   		$
   Total current assets			$
   Property, plant, and equipment:
   		$
   	$
   Total property, plant, and equipment
   Total assets			$
   Liabilities
   Current liabilities:
   		$
   Total liabilities			$
   Stockholders' Equity
   		$
   Total stockholders' equity
   Total liabilities and stockholders' equity			$

Problem: In order to do so Starbucks has closed 900 stores and eliminated 34,000 jobs. Strategy: Growth strategy of Starbucks is to have more revenue with lower costs. For strategy identification, let’s take a look at the way Starbucks sells their items, increase in their sales rate, attract more customers and advertise more but spend less. Opportunity: Starbucks is refocusing on some of the areas that decrease risk and up-front investment. This includes expanding foreign stores, with aid of partnerships that share risk and costs, selling VIA instant coffee and other products in retail and convenience stores, and reinvigorating the Seattle’s Best Brand coffee. Evaluation: The strategy was proposed after following a defined process of analysis and drawing inference as all the study and their result is also included in the proposal. Recommendation: As Starbucks is cutting down jobs, they can implement self-ordering interactive screens where users can place their order. please elaborate more on the problem and incorporate more to make it 1-2 pages long.

Linsang Corporation's retail store and warehouse closed for an entire weekend while the year-end inventory was counted. When the count was finished, the controller gathered all the count books and information from the clerical staff, completed the ending inventory calculations, and prepared the following partial income statement for the general manager for Monday morning: Sales $2,750,000 Beginning inventory $ 650,000 Purchases 1,550,000 Total goods available for sale 2,200,000 Less ending inventory 650,000 Cost of goods sold 1,550,000 Gross profit $1,200,000 The general manager called the controller into her office after quickly reviewing the preliminary statements. “You've made an error in the inventory,” she stated. “My pricing all year has been carefully controlled to provide a gross profit of 35%, and I know the sales are correct.” Instructions a. How much should the ending inventory have been? b. If the controller's ending inventory amount was due to an error, suggest where the error might have occurred.

Write a program that calculates the balance of a savings account at the end of a period of time. It should ask the user for the annual interest rate, the starting balance, and the number of months that have passed since the account was established. A loop should then iterate once for every month, performing the following:

1. Ask the user for the amount deposited into the account during the month. (Do not accept negative numbers.) This amount should be added to the balance.
2. Ask the user for the amount withdrawn from the account during the month. (Do not accept negative numbers.) This amount should be subtracted from the balance.
3. Calculate the monthly interest. The monthly interest rate is the annual interest rate divided by 12. Multiply the monthly interest rate by the balance, and add the result to the balance.

After the last iteration, the program should display the ending balance, the total amount of deposits, the total amount of withdrawals, and the total interest earned.

NOTE: If a negative balance is calculated at any point, a message should be displayed indicating the account has been closed, and the loop should terminate.

Business leaders live by the calendar, attaching forecasts, projects and goals to a specific date or period of time. No one knows how the crisis will play out or even when state-issued mandates to stay at home will lift. For CEOs, it is like stumbling around in the dark. When Bahram Akradi, founder of the Life Time health-club chain, closed more than 150 clubs in 30 states, he recorded a video message to employees. He said Life Time could weather a two-week shutdown without breaking much of a sweat. After that, he’d have to get creative. It is a classic case of decision-making under uncertainty!

• Q1 - Why does the coronavirus pose such a challenge for top managers and decision-makers in corporations?
• Q2 - What makes this particular crisis different from other types of crises?
• Q3 - Why are CEOs not so well-adapted to this kind of situation?
• Q4 - Why do their habits and training not prepare them for the kind of decision-making needed in the week of the current crisis?

.) An MSDS gives information about

1. Hazardous chemicals
2. Injuries in the work place
3. Medical examinations
4. Machinery maintenance
5. None of the above

9.) OSHA’s mission is to

1. Protect the safety and health of the general public
2. Protect the safety and health of the U.S. workforce
3. Ensure that all workers are subject to annual physicals
4. Develop medical and exposure records for all workers
5. None of the above

10.) The right of workers to seek safety and health in the job without fear of punishment is spelled out in:

1. State OSHA Laws
2. OSHA Technical Standards
3. Section 11(c) of the OSHA Act
4. Section 5(a)(1) of the OSHA Act
5. OSHA 300 Requirements

11.) To protect against pipe leakage of a gas into a confined space after a shutoff valve has been closed, the practice of the absolute closure of the pipe by the fastening of a solid plate between two flanges that completely covers the pipe’s bore and with no leakage beyond the plate is referred to as ______________.

1. Double blocking
2. Double bleed
3. Blanking/blinding
4. Inerting
5. Line breaking

Consider the following closed Keynesian economy:

Desired consumption and investment are given by:
Cd = 200+0.8(Y −T)−500r

Id = 200 − 500r. Taxes and government expenditures are given by

The real money demand is

T = 20+0.25Y G = G=196.

Md
P = 0.5Y − 250(r + πe).

The money supply M = 9890 and the expected inflation πe = 0.10.
(a) Derive the equations for the IS and LM curves and show them on a (Y, r) graph.

(b) If the full-employment output is Y = 1000, what are the equilibrium values of r, P, C and I?

(c) Suppose there is a surprise increase in money supply, M to 12,650, what will be the short-run equilibrium values of Y, r, C and I? What will happen in the long-run? [Hint: Prices are sticky in the short–run (Keynesian)]

(d) If, after the increase in M the government increases its expenditure, what will be your predictions for Y,r,P,C and I? Be specific. [Do not solve for any variable.] Illustrate this on a diagram.