1. Which of the following pulmonary measurements will be most affected in an individual with COPD?
a.) SVC
b.) Percentage of the FVC that can be exhaled in 1 sec (FEV1/FVC)
c.) Total lung capacity
d.) Tidal Volume
2. The Biodex Balance System may be used to assess
a.) Two of the choices listed
b.) All the the choices listed
c.) balance deficits associated with a head injury.
d.) risk of falling.
e.) unilateral postural stability on an unstable surface.
3. If your client fails to fully exhale while being weighed underwater, what effect will this have on the calculated body fat percentage?
a.) Body fat percentage will be underestimated.
b.) Body fat percentage will be overestimated.
c.) No effect on body fat percentage
d.) Body fat percentage will be overestimated in women and underestimated in men.
4. Which of the following balance assessments include activities of daily living?
a.) Berg Balance Scale
b.) Limits of stability assessment on the Biodex Balance System
c.) Balance Error Scoring System
d.) Y-balance test
In: Anatomy and Physiology
Assume that the cost of capital (discount rate) for the question that follows is equal to 0.18 (this is a decimal not a percentage)
Consider the following capital budgeting project.
You are considering investing in a business that will cost $200,000 and will create free cash flows at the rate of $30,000 per year for the next 10 years. Your cost of capital was given in the first question. Use that cost of capital in this question.
Within EXCEL compute the following and attach your file to this post.
What is the payback of the project? If you require a payback under 7 years do you accept or reject the project?
What is the discounted payback of the project? If you require a discounted payback under 7 years do you accept or reject the project?
What is the internal rate of return of the project? Do you accept or reject the project given your cost of capital?
What is the MIRR of the project? Do you accept or reject the project given your cost of capital?
What is the NPV of the project? Do you accept or reject the project?
Within the EXCEL spread sheet create a NPV profile of the project using interest rates from 0 to 20% at increments of 1%.
.
In: Finance
Assume that the cost of capital (discount rate) for the question that follows is equal to 0.14 (this is a decimal not a percentage).
Consider the following capital budgeting project.
You are considering investing in a business that will cost $200,000 and will create free cash flows at the rate of $30,000 per year for the next 10 years. Your cost of capital was given in the first question. Use that cost of capital in this question.
Within EXCEL compute the following and attach your file to this post.
What is the payback of the project? If you require a payback under 7 years do you accept or reject the project?
What is the discounted payback of the project? If you require a discounted payback under 7 years do you accept or reject the project?
What is the internal rate of return of the project? Do you accept or reject the project given your cost of capital?
What is the MIRR of the project? Do you accept or reject the project given your cost of capital?
What is the NPV of the project? Do you accept or reject the project?
Within the EXCEL spread sheet create a NPV profile of the project using interest rates from 0 to 20% at increments of 1%.
In: Finance
I know how to do this with arrays, but I have trouble moving my code to use with linked lists
Write a C program that will deal with reservations for a single night in a hotel with 3 rooms, numbered 1 to 3. It must use an infinite loop to read commands from the keyboard and quit the program (return) when a quit command is entered. Use a switch statement to choose the code to execute for a valid command. The valid commands are: R or r: reserve a room C or c: cancel a reservation W or w: remove a request from the waiting list L or l: list the current reservations for the night Q or q: quit the program Any other input: print an error message and prompt for another command.
You must use a linked list to represent the reservation list, and another linked list to represent the waiting list. You can determine whether each list will be singly- or doubly linked, and whether each list has just a front pointer, or a front and rear pointer. The two lists do not need to have the same design (that is one could be singly-linked with a front pointer, and the other doubly-linked with front and rear pointers. The reservation list can have at most as many nodes as there are rooms in the hotel Actions taken in response to a valid command (r, c, w, or l) must be implemented using programmer-defined functions, one per command. Any needed data must be passed to the functions, not declared globally. Implement reservation ids using a simple integer counter. Names will have fewer than 15 characters.
Actions for each command are:
Reservation: If there is a free room, reserve a room by inserting a node on the reservation list containing the next reservation id and the name associated with the reservation. When there is space available, print the reservation id for the person at the keyboard, and prompt for and read the name associated with the reservation. If there are no rooms, print an appropriate message and ask if the person wants to be entered on the waiting list. If they do, add a node to the waiting list array, print the reservation id for the person at the keyboard, and prompt for and read the name associated with the waiting list entry. The waiting list must be implemented as a queue (insert nodes at the back of the list and remove nodes from the front of the list when a room becomes available)
Cancellation: If there is a room reserved under that reservation id, cancel the reservation by removing the node associated with the reservation. Otherwise print a message that the id is not valid. If a room is cancelled and there are entries on the waiting list, remove the first entry on the waiting list and insert the data in the reservation list, then print a message indicating that reservation id is now confirmed. Note that, if the nodes on both lists are the same type, you can simply insert the node you removed from the waiting list into the reservation list.
Wait cancellation: If there is a waiting list entry with that reservation id, the node containing that reservation id should be removed from the waiting list. Otherwise print a message indicating that id is not on the waiting list.
List reservations: Print the reservation ids and associated names of all rooms that are reserved. Do not print anything for rooms that are vacant. If there are no rooms reserved, print a message indicating that. If there are any entries on the waiting list you should also print the reservation number and name of all elements on the waiting list.
Quit: end the program by returning from the main function. Any other command: print an error message and prompt for another command.
Use an integer counter for reservation ids that starts at 1. Reservation ids are not reused. Use another integer to keep track of the number of rooms reserved. Your solution will be for a boutique hotel with only 3 (very expensive) rooms. But make liberal use of #define statements so it would be trivial to adapt your solution to a larger hotel.
In: Computer Science
ABC’s production manager, John, has been under pressure from the company’s president to reduce the conversion costs. In spite of several attempts to reduce conversion costs, they remained more or less constant. Now John is faced with an upcoming meeting with the company president, at which he has to explain why he has failed to reduce conversion costs. John’s annual bonus is based on achieving cost targets approved by the President. ABC uses a participative budgeting process. This year’s cost target is 1% lower than $5.30 for men’s leather belts. John has not achieved this target for the prior 10 months.
John is under pressure to reduce costs in the production process. There is no way to reduce material cost, so he has got to get the conversion costs down. He wants to show just a little progress in next week’s meeting with the president, then he can buy a little time to try some other cost-cutting measures he has been considering. He wants to raise the estimate of percentage completion of November’s WIP inventory to 90 percent. He believes it will increase the number of equivalent units. Then the unit conversion cost will be a little lower.
Discuss whether John’s suggested manipulation of the percentage completion of end WIP will have the desired effects (all other assumptions remains unchanged) on profits (show workings to support your conclusions).
The work-in-process (WIP) inventory consisted of 40,000 partially completed units on November 1. The belts were 25 % complete as to conversion cost. The costs included in the inventory on November 1 were as follows:
|
Leather strips |
$96,000 |
|
Buckles |
46,000 |
|
Conversion costs |
16,000 |
|
Total |
$158,000 |
During November 760,000 leather strips were placed into production. A total of 700,000 leather belts were completed. The WIP inventory on November 30 consisted of 70,000 belts, which were 10 percent complete as to conversion.
The costs charged to production during November were as follows:
|
Leather strips |
$1,945,600 |
|
Buckles |
874,000 |
|
Conversion costs |
1,141,390 |
|
Total |
$3,960,990 |
In: Accounting
ABC company is considering producing a new range of smartphones that will require it to build a new factory. The project itself will go for 20 years. Feasibility studies have been done on the factory which cost $5 million. The studies have found the following:
The factory will cost $25 million and will have a useful life of 25 years.
The land where the factory will go is currently used as a carpark for workers and it is assumed that the company will have to pay $50000 per year for their workers to park in a nearby carpark.
The factory will be depreciated on a straight line basis and will have a salvage value of $0 but it is believed that most of it can be sold for scrap and parts after 20 years (at the end of the project) for $500000.
Due to the nature of the business they are in, they will have to perform some environmental tests to make sure that some of the chemicals they are using are not entering the ground water around the factory. These tests will be performed every 5 years and initially cost $625000 (in five years) and then increase at the rate of inflation which is predicted to be 2.5% per year.
Through the building of this factory and the selling of the phones it produces, it’s revenue will increase by $5 million in year 1 and then by 7% per year for 10 years and then decrease by 2% until the end of the project.
The extra costs that the company accrues per year due to the project are $400000 for labour, $45000 for overhead like power and water bills and marketing costs for the new line of phones will be $500000 per year but will decrease by 10% per year as the phone gains greater penetration. It is also predicted that labour costs will increase by 2% per year due to inflation.
The company’s current cost of capital is 5% per year.
The tax rate is 30%.
The project requires an initial investment in working capital of $1000000 and will be increased by 5% for the first 5 years of the project and then does not change until the end of the project. It is returned in year 20Use the above information to answer the following.
Use the above information to answer the following.
A. Calculate the free cash flows that come from this project for the 20 years it is operational.
B. Calculate the NPV, IRR & payback period of the project. Should they go ahead with the project?
C. Calculate the break-even point for the following variables:
In: Finance
During the last few years, Mike Rogers Industries has been too constrained by the high cost of capital to make may capital investments. Recently, though , capital cost have been declining, and the company has decided to look seriously at a major expansion program that had been proposed by the marketing department. Assume that you are an assistant to Leigh Jones, the financial vice-president. Your first task is to estimate Mike Rogers' cost of capital. Jones has provided data that she believes is relevant to your task.
(1) The firm's tax rate is 25%
(2) The current price of Mike Rogers' 6 percentage coupon, semiannual payment, noncallable bonds with 15 years remaining to maturity is $1,102.33. Mike Rogers does not use short-term interest-bearing debt on a permanent basis. New bonds would be privately placed with no flotation costs.
(3) The current price of the firm's 5.5 percentage, $100 par value, quarterly ,dividend, perpetual preferred stock is $108.35. Mike Rogers would incur flotation costs equal to 5 percent of the proceeds on a new issue.
(4) Mike Rogers's common stock is currently selling at $50 per share. Its last dividend (D0) was $4.19, and dividends are expected to grow at a constant rale of 5 % in the foreseeable future. Mike Roger's beta is 1.2, the yield on T-bonds is 3 percent, and the market risk premium is estimated to be 7 percent.
(5) Mike Rogers' target capital structure is 30 percent long-term debt, 10 percent preferred stock, and 60 percent common equity.
To structure the task somewhat, Jones has asked you to answer the following questions:
a. (1) What sources of capital should be included when you estimate Mike Rogers' weighted average cost of capital (WACC)
(2) Should the component costs be figured on a before-tax or an after - tax basis?
(3) Should the costs be historical (embedded) costs or new (marginal) cost?
b. What is the market interest rate on Mike Rogers' debt and its component cost of debt?
COST OF PREFERRED STOCK, rp
c. (1) What is the firm's cost of preferred stock?
COST OF EQUITY (INTERNAL) , rs
d. (1) What are the two primary ways companies raise common equity?
(2) Mike Rogers does not plan to issue new shares of common stock. Using the CAPM approach, what is Mike Rogers' estimated cost of equity?
THE WEIGHTED AVERAGE COST OF CAPITAL
The weighted average cost of capital (WACC) is calculated using the firm's target capital structure together with its after-tax cost of debt, cost of preferred stock, and cost of common equity.
PROBLEM
e. What is Mike Rogers' weighted average cost of capital (WACC)?
In: Finance
Anna is a Vice President at the J Corporation. The company is considering investing in a new factory and Anna must decide whether it is a feasible project. In order to assess the viability of the project, Anna must first calculate the rate of return that equity holders expect from the company stock. The annual returns for J Corp. and for a market index are given below. Currently, the risk-free rate of return is 1.2% and the market risk-premium is 2.4% Year J Corp. Return (%) Market Return (%) 1 -4.32 -2.10 2 16.30 8.21 3 24.12 12.12 4 16.12 8.12 5 -33.72 -16.80 6 31.64 15.88 7 8.84 4.48 8 26.00 13.06 9 10.08 5.10 10 18.30 9.21 11 -9.70 -4.79 12 -17.72 -8.80 Now that Anna has determined an appropriate rate of return for J Corp.'s stock, she must calculate the firm's Weighted Average Cost of Capital (WACC). There are currently 52.4 Million J Corp. common shares outstanding. Each share is currently priced at $17.65. As well, the firm has 4,000 bonds outstanding and each bond has a face value of $10,000, a yield to maturity of 3.21% and a quoted price of $10,121.20. J Corp.'s tax rate is 30%. J Corp. has no preferred shares outstanding. Refer to Questions 2 and 3. The land for the factory will cost $610,000. The factory will cost $2,920,000 to build and construction will take two years with construction costs payable in equal installments at the start of each year. The factory will operate for 20 years. At the end of its 20 year lifespan, the land can be resold for $230,000. There is a 70% probability that the factory's net operating cash flows will be $513,459; however, there is a 30% chance that net cash flows will only be $235,719. You may assume that net operating cash flows are received at the end of each year. a) What are the Expected net operating cash flows per year? Round your answer to 2 decimal places) b) What is the Internal Rate of Return for the project? Round your answer to one one-hundreth of a percent) c) What is the Net Present Value of the project? Round your answer to 2 decimal places) d) Should Anna recommend that the J Corporation build the factory?
In: Finance
Willis Products Inc. uses the total cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 4,000 units of medical tablets are as follows:
| Variable costs per unit: | Fixed costs: | ||||||
| Direct materials | $99 | Factory overhead | $136,000 | ||||
| Direct labor | 36 | Selling and admin. exp. | 44,000 | ||||
| Factory overhead | 30 | ||||||
| Selling and admin. exp. | 25 | ||||||
| Total | $190 | ||||||
Willis Products desires a profit equal to a 20% rate of return on invested assets of $319,600.
a. Determine the amount of desired profit from
the production and sale of 4,000 units.
$
b. Determine the total costs for the production of 4,000 units.
| Variable | $ |
| Fixed | |
| Total | $ |
Determine the cost amount per unit for the production and sale
of 4,000 units.
$ per unit
c. Determine the total cost markup percentage
per unit. (rounded to one decimal place).
%
d. Determine the selling price per unit. Round
to the nearest cent.
$ per unit
In: Accounting
Forester Company has five products in its inventory. Information about the December 31, 2018, inventory follows. Product Quantity Unit Cost Unit Replacement Cost Unit Selling Price A 1,000 $ 28 $ 30 $ 34 B 900 33 29 36 C 500 21 20 26 D 600 25 22 24 E 700 32 30 31 The cost to sell for each product consists of a 10 percent sales commission. The normal profit percentage for each product is 35 percent of the selling price. Required: 1. Determine the carrying value of inventory at December 31, 2018, assuming the lower of cost or market (LCM) rule is applied to individual products. 2a. Determine the carrying value of inventory at December 31, 2018, assuming the LCM rule is applied to the entire inventory. 2b. Assuming inventory write-downs are usual business practice for Forester, record any necessary year-end adjusting entry.
In: Accounting