Questions
a. What kind of ratios to find from the consolidated statement of operations and consolidated balance...

a. What kind of ratios to find from the consolidated statement of operations and consolidated balance sheet of a particular industry for: understanding the financial performance, as well as near-term future for a company. b. Using consolidated statement of operations and consolidated balance sheet as well as that of competitors what ratio tools do we need to analyse their performance. Moreovers what ratio and other tools do we use for making comparison except common size and comparitive statement.

In: Finance

Patents are granted for 20 years, but pharmaceutical companies cannot use their patent-guaranteed monopoly powers for...

Patents are granted for 20 years, but pharmaceutical companies cannot use their patent-guaranteed monopoly powers for anywhere near this long because it takes several years to acquire the Food and Drug Administration (FDA) approval of drugs.

  • What purposes do barriers to entry created by the government serve?
  • What are other barriers to entry in the pharmaceutical industry?
  • Should drug patents be extended to 20 years after FDA approval?
  • Explain what would be the costs and benefits of this extension.

In: Economics

4. We have called plate tectonics a scientific revolution. What other scientific revolutions do you know...

4. We have called plate tectonics a scientific revolution. What other scientific revolutions do you know about? How is the plate tectonics revolution similar to, or different from, other revolutions, such as the Copernican revolution in astronomy? 5. What is the tectonic environment of the place where you live or attend school? Do you live near a plate margin? If so, what type is it? Or do you live in the middle of a plate? If so, which one?

In: Other

professor instructions for the assignment: You can earn extra credit if you read an article or...

professor instructions for the assignment: You can earn extra credit if you read an article or news item about a project we discussed in class and write a 2 page reaction paper about it. Your paper must tell me about the project you read about, what makes it a sustainable or resilient project, what are the impacts, what did you like about the article, what did you not like, etc..

I would like to write about this new project that would expand public transportation in the Soundview area of the Bronx. An abandoned dock is being remodeled and rehabilitated for the project which is planning to open during summer 2018.

This is an article I found online that talks about this project.....

Ferry service to Soundview should be a reality this year, and some are calling for even more service in transit-starved east Bronx waterfront communities.

The route of service that includes Soundview’s ferry stop, is scheduled to begin service later this year from Clason Point Park, and the ferry dock is now under construction, according to NYC Economic Development Corporation.

As that plan inches closer to becoming a reality, the borough president used his 2018 State of the Borough speech on Thursday, February 22 to advocate for additional ferry landings.

“Ferry service is coming to Soundview, and should come to Throggs Neck and City Island as well,” said Borough President Ruben Diaz, Jr.

Diaz’s spokesman let the quote stand without further elaboration, but in the two east Bronx communities, leaders who have long advocated for ferry service made their case for additional stops.

Robert Barbarelli, Throggs Neck Home Owners Association board member, said he believes that ferry service could come to Throggs Neck, adding that S.U.N.Y. Maritime already docks a large training vessel in Throggs Neck.

“The waterways are not used enough which I think is a reason why there are always traffic issues on our roads,” said Barbarelli. “Utilizing waterways is a faster and more scenic route to get downtown.”

Dotti Poggi, Ferry Point Community Advocates leader, said that Ferry Point Park has a parking lot that could be used for ferry customers.

“Ferry Point is a perfect place because it has already has the infrastruc­ture,” she said.

John Doyle, City Island Civic Association officer said he believes that one appropriate location for a ferry stop could be Orchard Beach, because it already has an large parking lot that is underutilized for nine months out of the year.

“Just having this mentioned in one of these speeches is helpful as this point,” said Doyle. “I am really hoping that when the Soundview ferry comes into service that it is super successful, because then we can build on that success.”

William Rivera, Community Board 9 district manager, said that the final details for the Soundview ferry are being worked out, including expanding service on the Bx 27 and Bx 39 buses by one stop during hours of operation so that commuters don’t have to walk far from the bus to ferry.

He is also involved in the planning of a community meeting in Clason Point that will take place prior to ferry operations starting.

Also being worked on are issues related to security, safety, lighting, parking, bathrooms and amenities at the Soundview ferry.

“Everyone supports the ferry, we just make sure it is done right,” said Rivera.

An EDC spokeswoman said stops along the ferry route servicing Soundview have changed in Manhattan, with an East 62nd Street stop dropped and an East 34th Street stop added.

The spokeswoman said that EDC “will begin to analyze ridership potential and landing capabilities for future expansion to other communities once we successfully implement 2018 routes this summer.”

In: Psychology

Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs...


Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records.

Production Activity Indirect Labor Indirect Materials Other Overhead
Grinding $ 380,000
Polishing $ 145,000
Product modification 650,000
Providing power $ 240,000
System calibration 510,000


Additional information on the drivers for its production activities follows.

Grinding 18,000 machine hours
Polishing 18,000 machine hours
Product modification 2,000 engineering hours
Providing power 17,000 direct labor hours
System calibration 450 batches
Job 3175 Job 4286
Number of units 120 units 1,500 units
Machine hours 450 MH 4,500 MH
Engineering hours 28 eng. hours 26 eng. hours
Batches 25 batches 75 batches
Direct labor hours 510 DLH 4,590 DLH

Required:
5.
If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 3175? Of Job 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.)

In: Accounting

Toledo Stadium The city of Toledo has received a proposal to build a new multipurpose outdoor...

Toledo Stadium

The city of Toledo has received a proposal to build a new multipurpose outdoor sports stadium. The expected life of the stadium is 20 years. It will be financed by a 20-year bond paying 8 percent interest annually. The stadium's primary tenant will be the city's Triple-A baseball team, the Red Hots. The plan's backers anticipate that the site also will be used for rock concerts and college and high school sports. The city does not pay any taxes. The ciy's cost of capital is 8 percent. The costs and estimated revenues are presented next:

Cash Outflows

Construction costs             $12,000,000

General maintenance (including labor)                                $250,000 per year

Cash Inflows

Red Hots' lease payment                                                   $650,000 per year

Concerts                                                                           $600,000 per year

College and high school sports                                           $50,000 per year

Required:

A. Should the city build the stadium? (Assume payments are made at the end of the year)

B. The Red Hots have threatened to move out of Toledo if they do not get a new stadium. The city comptroller estimates that the move will cost the city $350,000 per year for 10 years in lost taxes, purking, and other fees. Should the city build the stadium now? State your reasoning.

In: Finance

Alvin Construction manufactures small tractors on an assembly-line basis. The units are started in Department Y....

Alvin Construction manufactures small tractors on an assembly-line basis. The units are started in Department Y. On January 1 of this year, the Work-in-Process inventory of Department Y consisted of 200 units 100% complete as to materials and 20% complete as to conversion. During the month, 800 units were started and 500 units were completed and transferred out. The Work-in-Process on January 31 was 100% complete as to materials and 20% complete as to conversion. Costs in process at the beginning of the period amounted to $100,000 for materials and $25,000 for conversion. Costs added during the period were materials costs of $200,000 and conversion costs of $143,000. Required 1. Prepare a production cost report using the weighted-average method. Round answer to 4 decimal places. 2. Prepare the journal entries 4. What is the difference between job order costing and process costing? (6 points) 5. Explain the difference between a weighted-average method of process costing and a firstin, first-out method. (6 points) 6. Do activity-based costing systems always provide more accurate product costs than conventional cost systems? Why or why not? Explain. (5 points)

In: Accounting

Roland Inc. is planning to expand their business by entering in the construction industry as a...

Roland Inc. is planning to expand their business by entering in the construction industry as a panel formwork supplier. The potential number of forthcoming projects, you forecasted that within two years, your fixed cost for producing formworks is $ 292,000. The variable unit cost for making one panel is $ 18. The sale price for each panel will be $ 50. The company’s income statement from last month is as follows: Sales Revenue Total $600,000 Per Unit $50 Variable expenses 216,000 18 Contribution margin 384,000 $32 Fixed expenses 292,000 Net operating income $ 92,000 Required a) What is Roland's contribution margin ratio? Its unit contribution margin? b) If Roland's sales were to increase by $100,000 with no change in fixed expenses, by how much would net operating income increase? c) Roland's managers have determined that variable costs per unit will increase by 16% beginning next month. To offset this increase in costs, they are considering a 10% increase in the sales price. Market research indicates that the price increase will result in a 2% decrease in the number of panels Roland Inc sells. What will be Roland's expected net operating income if the price increase is implemented

In: Accounting

The Unadjusted Trial Balance has been prepared (provided below and also in ThreeBrothers worksheet.xlsx), showing only...

The Unadjusted Trial Balance has been prepared (provided below and also in ThreeBrothers worksheet.xlsx), showing only those accounts with a non-zero balance. You have gathered the following information that will be helpful in preparing any necessary adjusting entries (add any accounts necessary). Good luck!

ThreeBrothers

Unadjusted Trial Balance

Dec. 31, 2017

debit

credit

Cash

4,400,000

Accounts Receivable

22,500,000

Allowance for Bad Debts

20,000

Inventory

2,500,000

Purchases

85,832,500

Construction in Progress Inventory

36,000,000

Billings on Contract

35,000,000

PP&E

60,000,000

Accumulated Depreciation

36,000,000

Accounts Payable

18,000,000

Income Tax Payable

136,000

Common Stock

1,500,000

Retained Earnings

33,444,000

Sales Revenue

134,500,000

Sales Returns

2,017,500

NEWPROD Revenue

9,000,000

FITTRACKER Revenue

10,000,000

Cost of NEWPROD Sold

8,100,000

Cost of FITTRACKER Sold

4,500,000

General and Admin

51,750,000

     TOTAL

277,600,000

277,600,000

Question 1. ThreeBrothers’s tax rate is 34%. Ignore all other taxes.

1B. There are 150,000 shares of common stock outstanding for 2017.

I need the adjusting journal entry and closing journal entry - for Question 1 and 1B., if necessary. Thank You

In: Accounting

15. Marvin’s Interiors issued 9-year bonds 2 years ago. The bonds have a face value of...

15. Marvin’s Interiors issued 9-year bonds 2 years ago. The bonds have a face value of $1,400, a 9.0 percent, semiannual coupon, and a current market price of $1,189. What is the pre-tax cost of debt? 13.97 percent 13.02 percent 12.27 percent 13.53 percent

16.

Jack's Construction Co. has 100,000 bonds outstanding that are selling at par value. The bonds yield 8.6 percent. The company also has 3.1 million shares of common stock outstanding. The stock has a beta of 1.2 and sells for $25 a share. The U.S. Treasury bill is yielding 5 percent and the market risk premium is 8 percent. Jack's tax rate is 35 percent. What is Jack's weighted average cost of capital?

3.23 percent

9.52 percent

4.76 percent

6.37 percent

11.45 percent

17.

What are the arithmetic and geometric average returns for a stock with annual returns of 22 percent, 9 percent, –7 percent, and 13 percent? List the arithmetic answer first.

           

9.25 percent; 12.61 percent

12.61 percent; 9.25 percent

9.25 percent; 8.73 percent

8.73 percent; 9.25 percent

12.61 percent; 8.73 percent

In: Finance