The following transactions of Great Value Pharmacies occurred during 2018 and 2019​:

Requirement:

2018

Mar. 1 Borrowed $ 525,000 from Longwood Bank. The 15​-year, 12​% note requires payments due​ annually, on March 1. Each payment consists of $35,000 principal plus one​ year's interest.

Dec. 1 Mortgaged the warehouse for $300,000 cash with Sage Bank. The mortgage requires monthly payments of $3,000. The interest rate on the note is 44​% and accrues monthly. The first payment is due on January​ 1,2019.

Dec 31 Recorded interest accrued on the Sage Bank note.

Dec 31 Recorded interest accrued on the Longwood Bank note.

2019

Jan. 1 Paid Sage Bank monthly mortgage payment.

Feb. 1 Paid Sage Bank monthly mortgage payment.

Mar. 1 Paid Sage Bank monthly mortgage payment.

1 Paid first installment on note due to Longwood Bank.

1-Journalize the transactions in the Great Value Pharmacies general journal. Round to the nearest dollar. Explanations are not required.

FINANCIAL INFORMATION

CMI budgeted direct labor costs for 2010 at $60,000,000. Based on expected sales, the company estimated that raw material purchased and used would be $300,000,000. Manufacturing overhead was budgeted at $196,000,000. It is currently allocated to production on the basis of machine hours (MH). As mentioned above, computers are priced at full production cost plus a mark-up of 50%.

EXHIBIT 1 shows the expected direct manufacturing costs for two of the company’s computers. The Cortland 1000 is a very popular computer with a large production and sales volume. By contrast, the Cortland 2000, described above, is a state-of-the-art scientific computer with several special features. In particular, the Cortland 2000

Uses a new processing chip imported from Sweden.

Has special patented random access memory (RAM) that gives it extremely high input/output speed.

Is manufactured in very small batches to assure uniform quality from one computer to the next, to satisfy the users of the machines who have very high expectations for the performance of the machines they purchase.

Mr. Works’ concerns arose when Ms. Nomer told him that she thought the company’s traditional overhead allocation system was providing misleading cost information about the different types of products. She developed an analysis of the 2010 manufacturing overhead costs, shown in EXHIBIT 2. She classified the overhead costs described above into activities. She also gathered data, shown in EXHIBIT 3, for the 2010 production of the Cortland 1000 and the Cortland 2000. Mr. Works commented on the data:

I don’t know quite what to make of all this. Clearly I need some further explanation and analysis. I guess what I really need is some sense of what is the true manufacturing cost of each computer. I thought I knew that, but I didn’t really. Even though we cannot at this point change prices for 2010, we at least need to know if we’re covering full production cost on the Cortland 2000 and have something left to contribute to the company’s selling, general and administrative expenses. I thought this was so, but now … well, I’m not so sure. We’d better figure this out before we begin our budget cycle for 2011. Maybe I need to go back to school!

EXHIBIT 1

Direct Manufacturing Costs for ONE Computer

EXHIBIT 2

Analysis of 2010 Budgeted Manufacturing Overhead Costs

EXHIBIT 3

Production Data for Cortland 1000 and Cortland 2,000 Computers

* “Received order size” is the number of computers one order of raw materials will build. Thus, for example, (see above) the company receives 2 orders of raw materials for the Cortland 1,000. Calculation: 20,000 computers per year, divided by 10,000 computers each order will build = 2 orders per year.

REQUIRED:

Calculate the predetermined overhead rate the company is currently using. (Where should you look for the machine hours?)

Using the information from the exhibits and Q1, calculate the manufacturing cost of ONE Cortland 1000 and ONE Cortland 2000.

Calculate the selling price, under the current system, of ONE Cortland 1000 and ONE Cortland 2000.

Next, you are going to begin to analyze the ABC system. In order to do this, however, your study of Exhibits 2 and 3 should have told you that you are going to have to convert the information the company currently measures into the information you need for the ABC analysis. First, how many raw material orders did the company receive for each model?

How many batches of each model did the company pack and ship?

How many machine setups does Cortland do for each model?

Calculate a rate for each activity in Exhibit 2.

Use the rates calculated in Q7 to apply overhead to each product line: Cortland 1000 and 2000.

Calculate the overhead per computer for a Cortland 1000 and a Cortland 2000.

Calculate the manufacturing cost of ONE Cortland 1000 and ONE Cortland 2000 using ABC overhead allocation.

Show how the company would determine a selling price for each model under the ABC system.

Should Mr. Works adopt an ABC system for internal analysis? Your answer should address the question very specifically to this case – no generalities about ABC from the book. It should contain two points in favor of ABC, and two drawbacks that he should be aware of.

Mr. Works is also concerned about future product development. They have several new models under development at this time. If an ABC system is used, list two characteristics of a new model that will make it more costly to manufacture.

Don’t try to begin answering questions until you have studied the case information carefully. Careless reading will result in errors!

BACKGROUND

CMI manufactures several different models of computers, distributed to retail outlets throughout the 50 states. The company is proud of the user-friendly computers it produces, in particular their graphics capability. CMI claims the superb graphics are what distinguish its products from competitors.

CMI purchases raw materials in components and subassemblies made to its specifications from a very small group of highly reliable suppliers. It uses a single facility to house both manufacturing facility and administrative and sales offices.   The factory workers operate three kinds of machines. Inspecting machines check the raw materials and test components and subassemblies to assure they are working to specifications. Soldering machines solder various components as necessary. Finally assembly machines put all the components and subassemblies together into finished computers. The processes can vary by computer model.

Depreciation, maintenance and repairs on the three types of machines account for about 40% of CMI’s overhead cost. The remainder of the overhead is made up of labor involved in receiving and handling the raw materials, adjusting and setting up machines for each new batch of computers, and inspecting and packing finished computers for shipping. Additional costs include insurance and depreciation on handling equipment, supplies, and utilities. The actual manufacturing effort (soldering, inspecting and assembly) is primarily automated, so CMI uses very little direct labor. The company also operates on a lean production model, so almost no inventories exist at the end of any period.

Most of the computers are sold in large orders to national electronic chains. However, the Cortland 2000 is not such a machine. It represents a recent effort by CMI to enter the scientific computing market. The quantity manufactured and sold of this machine is expected to be much lower than other models even when it gains its hoped-for market share. Fewer customers exist for this more sophisticated, powerful, high-priced machine. Nonetheless, Mr. Works has believed from the conception of this product that, when all manufacturing costs were considered, the Cortland 2000 would contribute a reasonable amount to CMI’s selling and administrative costs and profit. The name recognition it brought in its elite community should enhance sales of the more generally used computers.

Using South University Online Library or the Internet, research on a sexually transmitted disease (STD) policy of the state you reside in. Once you identify an STD policy from the state you reside in, visit your state health department or browse your state's website and search for the STD policy you selected.

Next, write a research paper describing this public health policy analysis and background. The final paper should include the following:

A title page

An introduction of policy analysis in two to three paragraphs discussing the following:

Overview

Purpose

A bodyHealth policy background (one page):

The state's role in the policy-making process

The purpose of public health policy

Public health policy analysis five-step process discussing the following:

A problem statement (in the form of a question) (two paragraphs)

Background of a policy analysis provides factual information needed to understand the problem. Include economic issues of policy as well as regulatory policy (two pages).

The landscape section of a policy analysis identifies key stakeholders and describes the factors that are needed to analyze the problem. Write the landscape section on policy analysis. Include balance of patient rights versus protecting the population. Include any influence from government insurance programs. Your response should be of at least three pages

Options (three or four) to address the policy problem. Your response should be of at least three pages.

Recommendations section should clearly identify three options. Which of the three options is favored and why is it is preferred over the other ones. Your response should be of at least one page.

A conclusionYour conclusion (one page) should address the following main points:

Your recommendation and the reasoning behind it.

Summarize your findings.

Explain the barriers to implementing policy analysis process and how they could be overcome.

Your paper should be a minimum of 12- to 13-pages in a Microsoft Word document. You need a minimum of six scholarly sources for both in-text citations and citations on the reference page.

1. What are some of the major challenges for non-Islamist advocates of democratization and human rights, in the aftermath of the Arab uprisings, especially with regard to political engagement with Islamist groups and political parties?

2. In Egypt, what strategies and methods of political engagement, intervention, or disruption (violent and non-violent) did the Muslim Brotherhood adopt since the 1970s?

if S is non empty and it has a lower bound, then it has an infimum, inf S

Start of proof:

b<=s for all s in S

LB: {y in R:y<=S, for all s in S}

LB is bounded above by X and LB is non empty since b is in LB

Find supLB=infS, thats what needs to be completed

Write a letter to your representative stating the reasons why he/she should support the use and research of renewable resources and should decrease the use of non-renewable resources in industry.

Please include at least three specific examples of each renewable and non-renewables, how they are produced, the relative costs of the production,

and also environmental impacts of each.