Pacific Rim Industries is a diversified company whose products are marketed both domestically and internationally. The company’s major product lines are furniture, sports equipment, and household appliances. At a recent meeting of Pacific Rim’s board of directors, there was a lengthy discussion on ways to improve overall corporate profitability. The members of the board decided that they required additional financial information about individual corporate operations in order to target areas for improvement.
Danielle Murphy, the controller, has been asked to provide additional data that would assist the board in its investigation. Murphy believes that income statements, prepared along both product lines and geographic areas, would provide the directors with the required insight into corporate operations. Murphy had several discussions with the division managers for each product line and compiled the following information from these meetings.
| Product Lines | ||||||||||||
| Furniture | Sports | Appliances | Total | |||||||||
| Production and sales in units | 216,000 | 202,500 | 216,000 | 634,500 | ||||||||
| Average selling price per unit | $ | 7.00 | $ | 18.00 | $ | 17.00 | ||||||
| Average variable manufacturing cost per unit | 3.00 | 9.50 | 11.50 | |||||||||
| Average variable selling expense per unit | 2.00 | 2.50 | 2.75 | |||||||||
| Fixed manufacturing
overhead, excluding depreciation |
$ | 528,000 | ||||||||||
| Depreciation of plant and equipment | 507,600 | |||||||||||
| Administrative and selling expense | 1,180,000 | |||||||||||
The division managers concluded that Murphy should allocate fixed manufacturing overhead to both product lines and geographic areas on the basis of the ratio of the variable costs expended to total variable costs.
Each of the division managers agreed that a reasonable basis for the allocation of depreciation on plant and equipment would be the ratio of units produced per product line (or per geographical area) to the total number of units produced.
There was little agreement on the allocation of administrative and selling expenses, so Murphy decided to allocate only those expenses that were traceable directly to a segment. For example, manufacturing staff salaries would be allocated to product lines, and sales staff salaries would be allocated to geographic areas. Murphy used the following data for this allocation.
| Manufacturing Staff | Sales Staff | ||||||
| Furniture | $ | 140,000 | United States | $ | 80,000 | ||
| Sports | 160,000 | Canada | 120,000 | ||||
| Appliances | 100,000 | Asia | 270,000 | ||||
The division managers were able to provide reliable sales percentages for their product lines by geographical area.
| Percentage of Unit Sales | ||||||
| United States | Canada | Asia | ||||
| Furniture | 50 | % | 10 | % | 40 | % |
| Sports | 40 | % | 40 | % | 20 | % |
| Appliances | 30 | % | 30 | % | 40 | % |
Murphy prepared the following product-line income statement based on the data presented above.
| PACIFIC RIM INDUSTRIES | |||||||||||||||||||
| Segmented Income Statement by Product Lines | |||||||||||||||||||
| For the Fiscal Year Ended April 30, 20x0 | |||||||||||||||||||
| Product Lines | |||||||||||||||||||
| Furniture | Sports | Appliances | Unallocated | Total | |||||||||||||||
| Sales in units | 216,000 | 202,500 | 216,000 | ||||||||||||||||
| Sales | $ | 1,512,000 | $ | 3,645,000 | $ | 3,672,000 | — | $ | 8,829,000 | ||||||||||
| Variable manufacturing and selling costs | 1,080,000 | 2,430,000 | 1,890,000 | — | 5,400,000 | ||||||||||||||
| Contribution margin | $ | 432,000 | $ | 1,215,000 | $ | 1,782,000 | — | $ | 3,429,000 | ||||||||||
| Fixed costs: | |||||||||||||||||||
| Fixed manufacturing overhead | $ | 105,600 | $ | 237,600 | $ | 184,800 | $ | — | $ | 528,000 | |||||||||
| Depreciation | 172,800 | 162,000 | 172,800 | — | 507,600 | ||||||||||||||
| Administrative and selling expenses | 140,000 | 160,000 | 100,000 | 780,000 | 1,180,000 | ||||||||||||||
| Total fixed costs | $ | 418,400 | $ | 559,600 | $ | 457,600 | $ | 780,000 | $ | 2,215,600 | |||||||||
| Operating income (loss) | $ | (13,600 | ) | $ | 655,400 | $ | 1,324,400 | $ | (780,000 | ) | $ | 1,213,400 | |||||||
Required:
Prepare a segmented income statement for Pacific Rim Industries based on the company’s geographical areas. The statement should show the operating income for each segment. (Round intermediate calculations to 2 decimal places (i.e. 0.1234 is 12.34%) and final answers to the nearest dollar amount.)
|
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In: Accounting
In the same file, complete the following exercises in the
author’s pseudocode as presented in the
text book and material on Blackboard in this chapter, and following
all requirements for good
program design that were shown in Chapter 2 and all examples since
then.
At the Summer Olympic Games every four years, for historical
reasons, athletes represent
National Olympic Committees (NOCs) rather than strictly countries.
For the sake of convenience
in our program, let us refer to them simply as “nations”. As of the
2016 Rio Olympics, then,
there were 206 nations eligible to participate in the Olympics.
Write a program that could be
used to represent the medal table for the next Olympics that will
be held in Tokyo in 2020. Since
we do not know how many nations will actually participate, our
program will have to plan on
there being a maximum of 225 nations (in case some more NOCs are
recognized before the 2020
Olympics), but must adapt to fewer nations actually being present.
So, write a program that
1. Allows a user to enter
a. The names of the nations that are participating
b. The number of gold medals that nation has won
c. The number of silver medals it has won
d. The number of bronze medals it has won
e. “ZZZ” as the nation’s name to indicate that they have finished
entering input
2. Outputs a list of sentences that describe each nation’s
performance, e.g., for the 2016
Olympics, to describe the performance of the United States, this
program would have
output “United States won 46 gold, 37 silver, and 38 bronze
medals, for a total of 121 medals” . Below this list, the program
must
output the total number of gold medals awarded, silver medals
awarded and bronze
medals awarded, and total of all medals awarded.
3. Scans for and outputs
a. The names of the nations with the most and least gold medals,
along with their
gold medal counts, e.g., “United States won the most gold
medals: 46”
b. Similarly, the names of the nations with the most and least
silver and bronze
medals respectively
4. Allows the user to enter the name of a nation that they want
to search for, and if it finds
that nation, outputs a sentence in the format shown in #2
above.
All of the above must be done by applying the concepts and
algorithms shown in Chapter 6, both
in the text book and in the material provided on Blackboard, and
building on what we have
learned in all the chapters before this one.
The only data that this program stores is the names of the
nations, and the matching counts of
gold, silver and bronze medals. All calculations and scanning for
highest and lowest, etc., must
be done by the program after the user has entered the sentinel to
indicate the end of their input.
All output sentences described above must be generated when they
are required.
Book this is from is "Programming Logic and Design 8th Edition" by: Joyce Farrell. Must be written in pseudocode that resembles that in the book.
this is what I have so far. It probably isn't right, but it will at least give you some structure to follow. Any help is appreciated.
Start
Declarations
string EXIT = ZZZ
NATION_CAPACITY = 225
string
NATION_NAME[NATION_CAPACITY]
num goldMedals
num silverMedals
num bronzeMedals
num totalMedals
num count
num nextNation
num mostGold
num leastGold
num mostSilver
num leastSilver
num mostBronze
num leastBronze
output "Welcome to our Medal Tracker
Program."
output "This program will allow the user to enter the
name of nations participating in the olympics, allow
the user to enter the number of
gold, silver, and bronze medals that nation has won."
output "Please enter the name of the first nation
(type ", ZZZ, " to stop): "
input nextNation
count = 0
while nextNation <> ZZZ AND count <
NATION_CAPACITY
NATION_NAME[NATION_CAPACITY] =
nextNation
output "Please enter the amount
of gold medals this nation has won: "
input goldMedals[count]
output "Please enter the amount
of silver medals this nation has won: "
input silverMedals[count]
output "Please enter the amount
of bronze medals this nation has won: "
input bronzeMedals[count]
count = count + 1
output "Please enter the next
nation or ", ZZZ, " to stop: "
input nextCustomerID
endwhile
output "You entered data for ", count, " nations."
totalMedals = goldMedals + silverMedals + bronzeMedals
output "The nation ", nextNation, " won ",
goldMedals, " gold medals, ", silverMedals, " silver medals, and ",
bronzeMedals, "
bronze medals, for a total of ",
totalMedals, " medals.
mostGold =
In: Computer Science
QUESTION 31
According to the DSM, ______________ is a clinically significant behavioral and psychological syndrome or pattern that occurs in an individual and that is associated with present distress or disability or with a significantly increased risk of suffering death, pain, disability, or an important loss of freedom.
|
mental disorder |
||
|
peripheral symptom of illness |
||
|
central symptom of illness |
||
|
dementia |
||
|
personality disorder |
2.00000 points
QUESTION 32
Tolerance thresholds are relatively high, and tolerance to independent behavior and a range of deviations from the norm is a description of which culture?
|
Individualism |
||
|
Modernity |
||
|
Traditionalism |
||
|
Collectivism |
2.00000 points
QUESTION 33
Psychologists report that people in collectivist cultures are more likely to display repressive adaptive style than people from other groups.
True
False
2.00000 points
QUESTION 34
Individuals from Western countries are expected to demonstrate a stronger internal locus of control than individuals from non-Western countries.
True
False
2.00000 points
QUESTION 35
What is the repressive adaptive style of coping with illness?
|
A tendency of medical professionals to reject medication in therapy |
||
|
An individual’s desire to hide the symptoms |
||
|
A tendency of medical professionals not to diagnose mental illness |
||
|
An individual’s desire to seek immediate help |
||
|
An individual’s desire to look for spiritual healers |
2.00000 points
QUESTION 36
Acculturative stress is known more commonly as:
|
Universal stress |
||
|
Stress specific to one culture |
||
|
Refugee development |
||
|
Culture shock |
2.00000 points
QUESTION 37
How are “individualism” and “conformity” related?
|
Low individualism is associated with lower conformity |
||
|
High individualism is associated with higher conformity |
||
|
There is no relation between these two variables |
||
|
Low individualism is associated with higher conformity |
2.00000 points
QUESTION 38
Studies show that some national differences exist in the way people maintain eye contact.
True
False
2.00000 points
QUESTION 39
Defenders of political censorship argue that restrictions on information are necessary to protect________.
|
individual rights |
||
|
uncertainty avoidance |
||
|
cultural norms of collectivism |
||
|
mental health |
||
|
social order and stability |
2.00000 points
QUESTION 40
The innovative project by Iwin Leenen, to educate health in poor rural areas in Guatemala, states in Stage 1:
|
Focus on sexuality, cultural taboos, and reproductive health |
||
|
Learn the factors affecting health of rural women |
||
|
Women discuss hygiene and sanitation |
||
|
Women learn about relation between health and nutrition |
2.00000 points
QUESTION 41
A detailed description of known diseases and injuries called the DSM is published by the World Health Organization, a branch of the United Nations.
True
False
2.00000 points
QUESTION 42
What should a clinical psychologist do when his or her client embraces nonscientific views about the nature of his or her condition?
|
Refer the client to a culturally similar psychologist |
||
|
Try to convince the client of scientific causes |
||
|
Accept the validity of the client’s beliefs |
||
|
Respect the client’s beliefs |
||
|
Ignore the client’s views |
2.00000 points
QUESTION 43
The three types of censorship are moral, ideological and :
|
Political |
||
|
None of the above |
||
|
Spiritual |
||
|
Individualism |
2.00000 points
QUESTION 44
The tendency to be closed-minded, rigid, and inflexible in one's opinions and subsequent behavior is called “_____________.”
|
cognitive dissonance |
||
|
dogmatism |
||
|
attitude |
||
|
egalitarianism |
||
|
skepticism |
2.00000 points
QUESTION 45
In terms of cultural values, the term collectivist refers to a pattern by which a country scores low on the measure of power distance and high on the measure of individualism.
True
False
2.00000 points
QUESTION 46
Myths and fairy tales from all continents show a consistent pattern: “good” characters are those who obtained their success due to their effort and “bad” individuals are those who enrich themselves by harming others or doing nothing.
True
False
2.00000 points
QUESTION 47
Anthropologists suggest that territorial behavior is not natural for individuals and social groups.
True
False
2.00000 points
QUESTION 48
Unfortunately, the Milgram experiment was not conducted in countries outside the United States and researchers had no opportunity to see if this study had cross-cultural validity.
True
False
2.00000 points
QUESTION 49
Japan has a higher rate of suicide than the United States.
True
False
2.00000 points
QUESTION 50
In Psychology, “folk beliefs” refer to common assumptions about normal and abnormal psychological functioning.
True
False
In: Psychology
Essay United State of America economic issues?
In: Economics
In: Nursing
What is the role of the United Nations in world politics?
In: Economics
XXX Corporation acquired 80% of the outstanding shares of United Company on June 1, 2020 for P3,517,500. United Company’s stockholders equity components at the end of this year as follows: Ordinary shares, P100 par, P1,500,000, Share premium P675,000 and Retained earnings P1,335,000. Non-controlling interest is measured at fair value and the fair value is P705,000. The assets of united were fairly valued, except for inventories, which are overstated by P66,000 and equipment which was understated by P90,000. Remaining useful life of equipment is 4 years. Stockholder’s equity of XXX on January 1, 2020 is composed of ordinary shares P4,500,000, Share Premium P1,050,000, Retained Earnings P3,150,000. Goodwill, if any, should be written down by P85,350 at year-end. Net income for the first year of parent is P450,000 and the net income of subsidiary from the date of acquisition is P255,000. Dividends declared at the end of the year amounted to P120,000 and P90,000 for XXX and United respectively. During the year, there was no issuance of new ordinary shares .
What is the amount of consolidated shareholder’s equity and the non-controlling interest on December 31, 2020?
In: Accounting
Dowell Manufacturing contracts to produce bumper cars for Five Flags Parks. Under the terms of the contract, Five Flags will pay Dowell a total of $60,000 when bumper cars are delivered six months later, and Five Flags can cancel the contract but must pay Dowell for work completed. Dowell believes that, if Five Flags cancelled the contract, Dowell could not sell the bumper cars to another park. As of December 31, 2020, the job is 80% complete. How much revenue should Dowell recognize in 2020 for this contract?
| a. |
$0 |
|
| b. |
$12,000 |
|
| c. |
$30,000 |
|
| d. |
$48,000 |
|
| e. |
$60,000 |
In: Finance
Mickey Mouse Lets You Ride "for Free" At Disney World
In: Economics
BUSINESS TRAVEL EXPENSES An executive of Trident Communications
recently traveled to London, Paris, and Rome. She paid
$280, $330, and $260 per night for lodging in London, Paris, and
Rome, respectively, and his hotel bills totaled $4060. She spent
$130, $140, and $110 per day for his meals in London, Paris, and
Rome, respectively, and his expenses for meals totaled $1800. If
she spent as many days in London as she did in Paris and Rome
combined, how many days did she stay in each city? Solve using Gauz
Jordan method.
In: Advanced Math