|
Cohen Company produces and sells socks. Variable costs are $5.40 per pair, and fixed costs for the year total $76,500. The selling price is $9 per pair. |
| Required: |
| 1. | Calculate the breakeven point in units. |
| 2. | Calculate the breakeven point in sales dollars. |
| 3. |
Calculate the units required to make a before-tax profit of $45,000. |
| 4. |
Calculate the sales in dollars required to make a before-tax profit of $38,700. (Do not round intermediate calculations.) |
| 5. |
Calculate the sales, in units and in dollars, required to make an after-tax profit of $28,700 given a tax rate of 30%. (Do not round intermediate calculations. Round your answers up to the nearest whole number.) |
In: Accounting
A clinical trial was conducted to test the effectiveness of a drug for treating insomnia in older subjects. Before treatment, 20 subjects had a mean wake time of 105.0 min. After treatment, the 20 subjects had a mean wake time of 98.5 min and a standard deviation of 21.52 min. Assume that the 20 sample values appear to be from a normally distributed population and construct a 95% confidence interval estimate of the mean wake time for a population with drug treatments. What does the result suggest about the mean wake time of 105.0 min before the treatment? Does the drug appear to be effective? Construct the 95% confidence interval estimate of the mean wake time for a population with the treatment.
In: Math
A 6year old child is brought to the emergency department by her parents in respiratory distress. the parents state this started right after eating sandwiches. They say this has never happened before. When asked what she ate, the mom says peanut butter jelly on whole wheat bread, celery and carrot sticks and chocolate milk. the physician is suspecting peanut allergy.
a) The mother states to you, the nurse, that she is very concerned because this has not happened before and the child eats peanut butter all the time. How should you respond?
b) identify some ways to determining if there is allergy to peanuts.
c) What are some nursing diagnoses that would be appropriate in this situation?
In: Nursing
#3: A6 year old child is brought to the emergency department by her parents in respiratory distress. The parents state this started right after eating sandwiches. They say this has never happened before. When asked what she ate, the mom says "PBJ on whole wheat bread, celery and carrot sticks, adn chocolate milk" The physician is suspecting a peanut allergy.
A. The mother states to you, the nurse, that she is very concerned because this has not happened before and the child eats peanut butter all the time. How should you respond?
B. Identify some ways to determining if there is allergy to peanuts.
C. What are some nursing diagnoses that would be appropriate in this situation?
In: Nursing
Write a java program that prompts user to enter his name and KSU ID using format name-ID as one value, his gender as char, and his GPA out of 5. Then your program should do the following:
Print whether the ID is valid or not, where a valid ID should be
of length = 9, and should start with 4.
Calculate the GPA out of 100 which is calculated as follows GPA/5 *
100.
Update the name after converting the first letter to
uppercase.
Print “Mr.” before name if the gender is ‘M’, and print “Mrs.”
before name if the gender is ‘F’. Otherwise print message “invalid
gender” without name and GPA. Then print the new GPA.
In: Computer Science
Sunrise Manufacturing, Inc. Sunrise Manufacturing, Inc., a U.S. multinational company, has the following debt components in its consolidated capital section, Sunrise's shareholders' equity is $50,000,000 and its finance staff estimates their cost of equity to be 17.5%.
Current exchange rates are also listed in the table. Income taxes are 39% around the world after allowing for credits. Calculate Sunrise's weighted average cost of capital. Are any assumptions implicit in your calculation?
What is Sunrise's weighted average cost of capital?
Data Table:
|
Assumption |
Value |
|
|
Tax rate |
39% |
|
|
25-year US$ bonds |
$20 comma 000 comma 00020,000,000 |
|
|
5-year US$ bonds |
$8,000,000 |
|
|
10-year eurobonds (euros) |
euro€8,000,000 |
|
|
20-year yen bonds (yen) |
¥750,000,000 |
|
|
Before-tax cost of 25-year US$ bonds |
8.0% |
|
|
Before-tax cost of 5-year US$ bonds |
5.0% |
|
|
Before-tax cost of 10-year eurobonds |
6.0% |
|
|
Before-tax cost of 20-year yen bonds |
4.0% |
|
| Spot rate
($/euro€) |
1.2200 |
|
| Spot rate
($/pound£) |
1.9400 |
|
| Spot rate
(yen¥/$) |
105.00 |
In: Finance
1)Prior to the dual banking system, the U.S. banking system included:
A. National banks that used a national currency B. A powerful central bank responsible for money and credit in the economy
C. a state banking system C. a state banking system
2)Financial innovation in the banking industry often occurs in response to changes in financial markets, the regulatory environment, or new technology. The following questions consider how banks respond to various conditions in the banking industry. Money-market mutual funds allowed individuals to avoid Regulation Q because:
A. The funds acquired short-term money-market securities, allowing the shareholder to earn interest that was not subject to interest rate ceilings.
B. Checking accounts were not subject to Regulation Q. C. The funds allowed the bank to transfer funds automatically from checkable deposits to nontransaction accounts that are not subject to reserve requirements. D. The funds imposed deposit-rate ceilings on shareholders.
3)Financial innovation in the banking industry often occurs in response to changes in financial markets, the regulatory environment, or new technology. The following questions consider how banks respond to various conditions in the banking industry. Banks lost cost advantages in raising liabilities (funds) in the 1970s because:
A. Securitization of loans made it easier to sell loans. B. Banks were not permitted to engage in off-balance-sheet activity. C. Banks were no longer subject to reserve requirements.
D. High inflation led to the process of disintermediation.
In: Economics
Your Neighborhood Community Bank recently decided to adopt a balanced scorecard system of performance evaluation. There is a list of primary performance goals for four major performance categories that have been identified by corporate executives and the board of directors.
Learning and Innovation (improve market differentiation)
Be quicker in the introduction of new products to the market than competitors
Introduce innovation products to customers for enhancement of customer service
Receive recognition in the industry as an innovator
Internal Perspective (improve internal processes)
Enhance employee promotion opportunities
Achieve best practices for processing transactions
Improve employee satisfaction
Customer Perspective (maintain and grow the customer base)
Elevate customer satisfaction
Increase the number of depositors and customer retention
Improve the quality of deposits
Financial Perspective (maintain and grow the bank financially)
Expand customer deposits
Manage financial risk
Generate profits for stockholders
Requirements:
For each of the 12 goals above suggest at least one measure of performance to measure the achievement of the goal.
Address the following questions related to the role of the balance scorecard within an organization like the one described above:
1) How does the Balanced Scorecard help to focus managers’ attention on strategy?
2) How does a Strategy Map support the Balanced Scorecard’s purpose? It represents a cause-and-effect diagram of the relationship among the BSC perspectives.
3) Name and briefly explain how two cost management techniques covered in this course can be used to enhance the customer satisfaction element of the Balanced Scorecard?
In: Accounting
Knowledge
Skills
Attitudes
Discussion Description and Instructions:
As the owner of a year-old Dog Spa and Grooming business, you recently engaged in a time of reflection on your entrepreneurial journey. Having completed the reflective process, it is now clear to you that entrepreneurship requires the application of creativity and innovation to solve problems and capitalize on recognized opportunities. For this assignment you are required to do the following:
Please use definitions, concepts, descriptions and literature from your learning materials and research in your contribution.
In: Economics
Instructions:
Individual Work
Each person of the group is required to do the problems on paper with a pencil. You WILL NOT receive any points on the group take home score if you do not show that you did the work or do not submit the answer before your group meeting. You are required to take a picture of your work and submit your work in Blackboard BEFORE your group meets.
Group Work
Your group will meet in person or on Zoom and determine who has the right answer and what answer you will submit. Please note that often each student has a section of the problem correct but not the entire problem correct.
Your group will prepare your group answer in Excel with proper format. This is the answer that will be graded. All members of the group that have submitted Individual Work will receive the same group grade.
One member of each group will submit the Excel sheet as a PDF in Blackboard. Please review your PDF file for formatting before you submit it.
Your PDF file should be as follows:
Page One: Group Member names, Date, Time, and Location
Page Two: Depreciation, Goodwill, and Impairment Loss
Depreciation, Goodwill, and Impairment Loss
At the beginning of 2020, Brady Inc. acquired Lincoln Technology Corporation for $600 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired:
|
Plant and equipment (depreciable assets) |
$150 million |
|
Patent |
40 million |
|
Goodwill |
100 million |
The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and is amortized using the straight-line method.
At the end of 2022, a change in business climate indicated to management that the assets of Lincoln might be impaired. The following amounts have been determined:
|
Plant and equipment: |
|
|
Undiscounted sum of future cash flows |
$ 80 million |
|
Fair value |
60 million |
|
Patent: |
|
|
Undiscounted sum of future cash flows |
$ 20 million |
|
Fair value |
13 million |
|
Goodwill: |
|
|
Fair value of Lincoln Technology Corporation |
$450 million |
|
Fair value of Lincoln’s net assets (excluding goodwill) |
390 million |
|
Book value of Lincoln’s net assets (including goodwill) |
470 million* |
|
*After first recording any impairment losses on plant and equipment and the patent. |
|
Required:
In: Finance