Brief Exercise 6-7 Calculate ending inventory and cost of goods sold using weighted-average cost (LO6-3)

During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year.

Calculate ending inventory and cost of goods sold for the year, assuming the company uses weighted-average cost. (Round your average cost per unit to 4 decimal places.)

A statistical cost analysis has revealed that Robertson Rotorcraft Company’s long-run cost is: ??(?)=0.0004?3−0.48?2_+432?, where ? is the number of helicopters it produces per year and ? is its (total) cost in thousands of dollars. This implies that the firm’s long-run marginal cost is ??(?)=0.0012?2−0.96?+432. This year, due to short-run commitments and standing contracts with suppliers, the firm’s short-run cost has been estimated as ??(?)=0.0012?3−1.2?2+432?+86,400, which implies the short-run marginal cost ??(?)=0.0036?2−2.4?+432. All costs are expressed in thousands of dollars. Let ? be the price at which the company sells helicopters. a) What is this firm’s minimum efficient scale of production (MES)? b) How low can the price ? go before it is optimal for the firm to shut down in the short run (this year)? c) If the firm expects demand for helicopters to fall to a point where it will no longer be possible to sell helicopters for a price higher than $250,000 for the foreseeable future, should this firm plan to shut down in the long run (next year and beyond)?

I attempted a) MES=600. b) price $132. c) not sure  

Can you tell me if my answers a) and b) are correct and also can you help with c)

Required information

Problem 3-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4

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

Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 22,700 units of product to finished goods inventory. Its 3,100 units of beginning work in process consisted of $19,900 of direct materials and $226,440 of conversion costs. It has 2,450 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $483,100 of direct material costs and $1,992,960 of conversion costs were charged to production.

You are once again the science officer stationed on the starship NX-01. Upon discovery of a new planet, the mission of you team is to conduct a survey of the resources found on the planet. Now that you have conducted an ecological analysis of the planet, you have been called upon to some examine some of the living organisms on the planet. The area your team has been assigned to explore is located on East Darwin near the coast. The seawater is salty, approximately the same concentration as the seas on earth. Inland from the sea is a dry desert region with very little fresh water available. Between the desert and the sea are patches of scrubby grass, averaging approximately 35 cm in height.

Q1

While exploring the coastal areas of east Darwin, you find the remains of a large organism on the beach. The body is approximately 25m long, and appears to be some type of vertebrate-like organism. The organism has four relatively short limbs, attached to a heavy pectoral and pelvic girdle. Because of it’s location, you are at first unsure if it is an aquatic organism that washed up on the beach, or a terrestrial organism that died near the seashore. What respiratory, circulatory excretory and, structural features would you look for during your dissection to determine if it was aquatic or terrestrial? Explain why the structures you have mentioned are important in determining aquatic or terrestrial origins for the organism? (10 pts)

Q2

Describe some of the problems associated with the size of the organism mentioned in question #1. In your answer, address possible problems with movement, transfer of heat energy generated by the body and movement of materials across the epidermis. You must refer to the square cube law in your answer. If you answered terrestrial in question 1 assume your organism is terrestrial for question 2 as well. If you answered aquatic in question 1, assume your organism is aquatic for question 2 as well. (10)

Q3

In a stream you are observing, you see a living organism that appears to be Catadromous. Explain what this means for their physiology? (5)

Q4

These aquatic organisms can sense their environment in a variety of different ways. Discuss two different sensory systems that aquatic organisms may have that humans do not have. (5)

Q5 While continuing to explore your assigned area, you come across a small 4-legged organism (approximately 40 cm high, weight approximately 6 kg) with a feather-like outer covering. It inhabits the scrubby grass strips between the sea and the desert. As you observe the animal, you notice that after grazing on the grass, it walks to the sea and drinks the water. What adaptations might this organism have to be able to drink seawater? Explain. (10)

Q6

You are to travel to the cold regions in far north of the planet for your final explorations before you return to Earth from your continuing mission. Would you expect to large, small animals, both or none in this region? Why? (10)

Read the following case study while considering the questions below:

Beverly Jones is an 83-year-old retired nurse who lives independently in her home in Oak Creek. She was a flight nurse in the Korean War and would fly into combat to help evacuate injured soldiers. After the war, she worked at St. Luke’s hospital in the Emergency Department for 20 years and then at a clinic near the airport and close to home for 20 years before retiring. She has never been married and does not have children.

Ms. Jones feels healthy at her age. She has a past medical history of hypertension, hypothyroidism, and arthritis. She takes lisinopril 20 mg daily and Lasix 40 mg daily for her hypertension. This combination has well controlled her blood pressure for the past 30 years. About 10 years ago, her physician started her on aspirin for her heart and she takes 325 mg daily. She takes Synthroid 88 mg for her hypothyroidism and 600 mg of ibuprofen BID as needed for her arthritis. She does not drink but has smoked a pack a day for 70 years.

You meet Ms. Jones for the first time when she comes in for her annual check-up and flu shot. You notice she asks you to repeat yourself frequently and she turns her head as you move around the room. She does not answer all of your questions appropriately and has difficulty following some of your directions. You are concerned about Ms. Jones’ hearing and complete the HHIE-S. She scores a 28.

o   What age-related changes would you expect to find in the external, middle, and inner ear and nervous system?

o   What are Ms. Jones risk factors for hearing loss?

§ Age

§ Environmental noise: planes and guns in war, ambulances in the ER, living and working near the airport

§ Smoking

§ Medication: aspirin, Lasix, ibuprofen, especially for a long time

§ HTN, hypothyroidism

o   What behavior cues do you notice and expect to see that indicate a hearing deficit?

§ See Text

o   What is the HHIE-S and what does her score indicate?

§ Hearing Handicap Inventory for the Elderly: assesses the presence and functional consequences of hearing loss in cognitively intact older adults

§ 84% probability of hearing impairment- severe handicap- need to refer

o   What additional questions would you ask Ms. Jones to assess her hearing?

§ See Text

o   What are the different types of hearing loss and how do you differentiate between them?

§ Conductive: problem with external or middle ear

§ Sensorineural: problem with inner ear or neural structures

§ Mixed

§ Noise Induced Hearing Loss

o   What interventions could you implement today while Ms. Jones is in the office to help with her hearing loss?

JAPANESE CASE STUDY #1

This case study is a composite of actual situations. Marianne, who is American, and Ken Shimizu, who is Japanese, have worked in Tokyo for over 30 years as Methodist missionaries. They have annual furloughs and occasional sabbaticals, during which they visit relatives and sponsoring organizations and engage in continuing education in the United States. They met as college students in the United States, and their three grown children have established their own careers in the United States.

Ken’s 98-year-old mother resides with Marianne and Ken. She is not Christian but has always been extremely supportive of Ken and Marianne’s work. Ken teaches at a large Christian university, whereas Marianne has served in various church-related positions over the years. As missionaries, they live in subsidized post–World War II housing near Ken’s university. Marianne has been a frugal housewife, preparing local foods in the Japanese style for her family.

Ken, who is nearly 60, recently learned that he has glaucoma. By the time it was discovered, he had lost a significant amount of peripheral vision. Although Marianne delivered all three children at a Christian hospital in Tokyo, she gets her annual physical examination when visiting relatives in the United States. She has never believed that the Japanese health system is as proactive as that in the United States. On her most recent visit to the United States, Marianne learned that she has hypertension. Her physician prescribed a medication that is readily available in Japan, but the physician was concerned about the level of stress in Marianne’s life. Mother Shimizu is quite confused and requires considerable care, but it is unthinkable for Ken, the only child, to put his mother in a long-term-care facility. Even if he would, the

quality of facilities in Japan leaves much to be desired. Most of the responsibility for Mother Shimizu falls on Marianne, in addition to her work. Marianne’s relatives are urging her to consider placing Mother Shimizu in a church-related life-care community near Marianne’s family in the United States, where Marianne and Ken would like to retire. Marianne’s own parents lived in this facility at the end of their lives. She is considering these issues as she returns to Tokyo.

1. In what ways might you consider Ken to be countercultural as a Japanese man?

2. What social pressures might Marianne have faced, given some of her choices, as a housewife in Japan?

3. What pressures will Ken likely experience as he considers how to meet the needs of both his mother and his wife?

9. Compare and contrast the fertility and mortality rates of Japan and the United States.

10. Do the traditional Japanese maintain sustained eye contact with strangers? Why or why not?

11. To which drugs might Japanese people have greater sensitivity than that of white ethnic populations?

12. How do most Japanese people meet their need for calcium?

1. The sternum belongs to which skeletal region?
2. The ilium belongs to which skeletal region?
3. What is another name for patella?
4. Which is the largest bone in the body?
5. What is the flexible, connective tissue called?
6. Ethmoid, frontal, occipital, parietal, sphenoid, and temporal are all part of what?
7. This plate exists at the ends of long bones where lengthwise growth takes in the immature skeleton.
8. What is the soft spot between the skull bones of an infant?
9. Opening of the occipital bone through which the spinal cord passes is called?
10. What is the upper portion of the sternum called?
11. What is the round projection on the temporal bone behind the ear called?
12. What is the flared portion of a long bone, between the diaphysis and the epiphyseal plate?
13. What is the name of a medical doctor who specializes in bone, joint, and muscle conditions?
14. What is the process of bone formation?
15. Name the bone cells that helps form bony tissue.
16. Name the medical doctor who specializes in rehabilitation?
17. Name the twelve pairs of curved bones that form the chest wall.
18. What is the pole-like process extending from the temporal bone on each side of the skull?
19. What is the immovable joint between bones?
20. Name the Lower, narrow portion of sternum.
21. What is the knuckle-like process at the end of a bone near the joint.
22. Name the upper arm bone.
23. What is the lower jaw bone called?
24. What is the upper jaw bone called?
25. What are free, movable joints such as ball and socket or hinge type of joints called?
26. What is a crescent-shaped fibrocartilaginous structure that partly divides a join cavity?
27. Closed sacks of synovial fluid with a synovial membrane located near, but not within a joint.
28. What is loss of articular cartilage and formation of bone spurs at articular surfaces?
29. The disease that causes inflammation due to excessive uric acid in body.
30. What is the compression of median nerve as it passes between transverse ligament and bones and tendons of the wrist?
31. What is a fluid-filled cyst arising from the joint capsule or a tendon in the wrist?
32. What disease is often marked by a “bull’s eye” rash at the site of the tick bite?
33. What chronic inflammatory disease involves joints, skin, kidneys, nervous system, heart and lungs affecting collagen in tendons, ligaments, bones, and cartilage all over the body?
34. Name 3 types of muscles.
35. What type of muscles are under voluntary control?
36. Which type of muscle is not consciously controlled and found exclusively in the heart?
37. Which type of movement is away from the midline of the body?
38. Which type of movement is toward the midline of the body?
39. Which type of movement is circular movement around a central point?
40. Name a group of inherited diseases with progressive muscle weakness and degeneration?
41. What is a uric acid test used to diagnose?
42. What is the acronym for nonsteroidal anti-inflammatory drug?
43. For what conditions might an ESR be requested?
44. Which type of movement is bending the sole of the foot downward toward the

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Please answer the following questions.

1. q1: What event started WW1 in what year?
2. q2: What were the two groups of alliances formed during the war?
3. q3: Which country spent the most money on the war?
4. q4: In what year did the war end and with which treaty?
5. q5: What was the war guilt clause?
6. Which group of alliances won the war?
7. Which group of alliances won the war?

Fed Officials Step Up Calls for More Government Spending to Speed Economic Recovery

Summary: Federal Reserve officials stepped up calls for additional government spending to avoid an uneven and protracted economic recovery from the coronavirus pandemic. The recovery would move along faster “if there is support coming both from Congress and from the Fed,” Chairman Jerome Powell said during the second of three days of congressional testimony Wednesday. The Fed committed last week to a much longer interval of low rates than it did initially after the 2008 financial crisis. Officials said they would hold short-term rates near zero until inflation reaches 2% and is likely to stay somewhat above that level, something most officials don’t see happening in the next three years. But Mr. Powell and his colleagues said Congress and the White House, more than the Fed, had the power to hasten a faster recovery.

Questions:

1. What steps has the Federal Reserve taken during the past several months to counter the impact of Covid-19?
2. Why are Fed officials concerned that discussions in Congress to pass additional relief efforts have stalled?
3. Why are Democrats and Republicans in Congress at a stalemate?     
4. What criticisms have been directed at the Fed's efforts and, given what you know from the article and the current macroeconomic environment, do you agree?
5. What has been the Fed's response to such criticism? Given what you know from the article and the current macroeconomic environment, do you agree with their perspective?

The employer is a small, nonunion furniture manufacturer with 15 employees engaged in interstate commerce. Both of the employees involved in this case worked in the machine shop building as band-saw operators. Because the band saws were located near the shop’s large overhead door, to facilitate the disposal of sawdust, the band-saw operators were often subject to lower temperatures and drafts on cool or cold days, whereas other employees farther from the overhead door often felt too warm. To resolve this long-standing problem, the plant manager established a rule that stated: “The overhead door will remain open when the temperature in the shop exceeds 68 degrees and closed when the temperature is at or below 68 degrees.” On the day in question, employees Drake and Keeler, who were both band-saw operators, complained to the shop supervisor that they were too cold and requested that the overhead door be closed. When questioned by the shop supervisor, the majority of the other shop employees present responded that they thought the door should be left open. The thermometer on the wall of the shop supervisor’s office, located in approximately the center of the machine shop building, read 72 degrees. On this day, employee Drake was wearing a sleeve- less shirt and shorts. Employee Keeler was dressed in blue jeans, a short-sleeved shirt, a flannel shirt, and a heavy sweater. Both Keeler and Drake claimed it was too cold and drafty at their workstation near the open overhead door. The shop supervisor refused to close the overhead door because the majority of employees wanted it left open. During a scheduled lunch break, Drake and Keeler discussed their problem and decided to walk off the job for the remainder of the day to protest the cold temperature at their workstation. Upon returning to work the following morning, Drake and Keeler were informed by the plant manager that they had been fired for leaving work the previous day without management’s permission. Drake and Kee- ler subsequently filed an unfair labor practice charge with the NLRB alleging their discharge represented unlawful discrimination of their right to engage in con- certed and protected activity under Section 7 of the LMRA. Drake and Keeler requested a remedy to include reinstatement with full back pay and restora- tion of any lost privileges.

QUESTIONS

1. Because Drake and Keeler’s employer meets the standard for coverage under the LMRA by engaging in interstate commerce, which specific employee right protected by Section 7 of the LMRA could Drake and Keeler argue they were engaged in which at least partially motivated the employer’s decision to discharge them?

2. On what grounds might the employer try to argue that the discharge of Drake and Keeler was an appropriate (legal) exercise of management’s rights?

3. Wastheemployer’sdischargeofDrakeandKeeleran unfair labor practice under the LMRA, as amended? If so, what should be the appropriate remedy?

URGENT!!!!!

You are once again the science officer stationed on the starship NX-01. Upon discovery of a new planet, the mission of you team is to conduct a survey of the resources found on the planet. Now that you have conducted an ecological analysis of the planet, you have been called upon to some examine some of the living organisms on the planet. The area your team has been assigned to explore is located on East Darwin near the coast. The seawater is salty, approximately the same concentration as the seas on earth. Inland from the sea is a dry desert region with very little fresh water available. Between the desert and the sea are patches of scrubby grass, averaging approximately 35 cm in height.

While exploring the coastal areas of east Darwin, you find the remains of a large organism on the beach. The body is approximately 25m long, and appears to be some type of vertebrate-like organism. The organism has four relatively short limbs, attached to a heavy pectoral and pelvic girdle. Because of it’s location, you are at first unsure if it is an aquatic organism that washed up on the beach, or a terrestrial organism that died near the seashore. What respiratory, circulatory excretory and, structural features would you look for during your dissection to determine if it was aquatic or terrestrial? Explain why the structures you have mentioned are important in determining aquatic or terrestrial origins for the organism? (10 pts)

Describe some of the problems associated with the size of the organism mentioned in question #1. In your answer, address possible problems with movement, transfer of heat energy generated by the body and movement of materials across the epidermis. You must refer to the square cube law in your answer. If you answered terrestrial in question 1 assume your organism is terrestrial for question 2 as well. If you answered aquatic in question 1, assume your organism is aquatic for question 2 as well. (10)

In a stream you are observing, you see a living organism that appears to be Catadromous. Explain what this means for their physiology? (5)

These aquatic organisms can sense their environment in a variety of different ways. Discuss two different sensory systems that aquatic organisms may have that humans do not have. (5)

While continuing to explore your assigned area, you come across a small 4-legged organism (approximately 40 cm high, weight approximately 6 kg) with a feather-like outer covering. It inhabits the scrubby grass strips between the sea and the desert. As you observe the animal, you notice that after grazing on the grass, it walks to the sea and drinks the water. What adaptations might this organism have to be able to drink seawater? Explain. (10)

You are to travel to the cold regions in far north of the planet for your final explorations before you return to Earth from your continuing mission. Would you expect to large, small animals, both or none in this region? Why? (10)