Questions
DataSpan, Inc., automated its plant at the start of the current year and installed a flexible...

DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.

Month
1 2 3 4
Throughput time (days) ? ? ? ?
Delivery cycle time (days) ? ? ? ?
Manufacturing cycle efficiency (MCE) ? ? ? ?
Percentage of on-time deliveries 78 % 74 % 71 % 68 %
Total sales (units) 3780 3618 3433 3304

Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:

Average per Month (in days)
1 2 3 4
Move time per unit 0.7 0.5 0.6 0.6
Process time per unit 2.3 2.2 2.1 2.0
Wait time per order before start of production 25.0 27.4 30.0 32.4
Queue time per unit 4.9 5.6 6.4 7.3
Inspection time per unit 0.4 0.5 0.5 0.4


Required:

1-a. Compute the throughput time for each month.

1-b. Compute the delivery cycle time for each month.

1-c. Compute the manufacturing cycle efficiency (MCE) for each month.

2. Evaluate the company’s performance over the last four months.

3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.

3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.

In: Accounting

Harrison Richmond at my 27 year old male is seen in the emergency room for a...

Harrison Richmond at my 27 year old male is seen in the emergency room for a sprain back (coccyx)suffered as a result of falling off a horse he was riding in the local public park.
Principal Diagnosis:
What is the correct diagnosis code?

Principal External Cause Code:
What is the correct diagnosis code?

Second External Code:
What is the correct diagnosis code?

In: Nursing

2) a. What is the duration of a 5-year 8% annual coupon bond with a par...

2) a. What is the duration of a 5-year 8% annual coupon bond with a par value of $100 if the prevailing continuously compounded interest rate is 10%? b. What is the duration of a 5-year 12% annual coupon bond with a par value of $100 if the prevailing continuously compounded interest rate is 10%? What does this tell you about the relationship between coupon rates and duration? Comment. c. What is the duration of a 5-year 8% annual coupon bond with a par value of $100 if the prevailing continuously compounded interest rate is 12%? What does this tell you about the relationship between interest rates and duration?

Please do not use excell tables or excell formulas because it has to be handwritten, please write formulas and explanation. Thank you

In: Finance

The owner of a bicycle repair shop forecasts revenues of $200,000 a year. Variable costs will...

The owner of a bicycle repair shop forecasts revenues of $200,000 a year. Variable costs will be $60,000, and rental costs for the shop are $40,000 a year. Depreciation on the repair tools will be $20,000.

b. Calculate the operating cash flow for the repair shop using the three methods given below:

Now calculate the operating cash flow.

  1. Dollars in minus dollars out.
  2. Adjusted accounting profits.
  3. Add back depreciation tax shield.

In: Finance

Note: This problem is for the 2018 tax year. On November 1, 2008, Janet Morton and...

Note: This problem is for the 2018 tax year.

On November 1, 2008, Janet Morton and Kim Wong formed Pet Kingdom, Inc., to sell pets and pet supplies. Pertinent information regarding Pet Kingdom is summarized as follows:

  • Pet Kingdom's business address is 1010 Northwest Parkway, Dallas, TX 75225; its telephone number is (214) 555-2211; and its e-mail address is [email protected].
  • The employer identification number is 11-1111112, and the principal business activity code is 453910.
  • Janet and Kim each own 50% of the common stock; Janet is president and Kim is vice president of the company. No other class of stock is authorized.
  • Both Janet and Kim are full-time employees of Pet Kingdom. Janet's Social Security number is 123-45-6788, and Kim's Social Security number is 123-45-6787.
  • Pet Kingdom is an accrual method, calendar year taxpayer. Inventories are determined using FIFO and the lower of cost or market method. Pet Kingdom uses the straight-line method of depreciation for book purposes and accelerated depreciation (MACRS) for tax purposes.
  • During 2018, the corporation distributed cash dividends of $250,000.

Pet Kingdom's financial statements for 2018 are shown below.

Income Statement
Income
Gross sales $5,750,000
Sales returns and allowances (200,000)
Net sales $5,550,000
Cost of goods sold (2,300,000)
Gross profit $3,250,000
Dividends received from stock
investments in less-than-20%-
owned U.S. corporations
43,750
Interest income:
State bonds $15,000
Certificates of deposit 20,000 35,000
Total income $3,328,750
Expenses
Salaries—officers:
Janet Morton $262,500
Kim Wong 262,500 $525,000
Salaries—clerical and sales 725,000
Taxes (state, local, and payroll) 238,000
Repairs and maintenance 140,000
Interest expense:
Loan to purchase state bonds $9,000
Other business loans 207,000 216,000
Advertising 58,000
Rental expense 109,000
Depreciation* 106,000
Charitable contributions 38,000
Employee benefit programs 60,000
Premiums on term life insurance
policies on lives of Janet Morton and
Kim Wong; Pet Kingdom is the
designated beneficiary
40,000
Total expenses (2,255,000)
Net income before taxes $1,073,750
Federal income tax (221,734)
Net income per books $852,016
* Depreciation for tax purposes is $136,000. You are not provided enough detailed data to complete a Form 4562 (depreciation). If you solve this problem using Intuit ProConnect, enter the amount of depreciation on line 20 of Form 1120.


Balance Sheet
Assets January 1, 2018 December 31, 2018
Cash $1,200,000 $1,039,461
Trade notes and accounts receivable 2,062,500 2,147,000
Inventories 2,750,000 3,030,000
Stock investment 1,125,000 1,125,000
State bonds 375,000 375,000
Certificates of deposit 400,000 400,000
Prepaid Federal tax –0– 2,266
Buildings and other depreciable assets 5,455,000 5,455,000
Accumulated depreciation (606,000) (712,000)
Land 812,500 812,500
Other assets 140,000 128,500
Total assets $13,714,000 $13,802,727
Liabilities and Equity January 1, 2018 December 31, 2018
Accounts payable $2,284,000 $1,840,711
Other current liabilities 175,000 155,000
Mortgages 4,625,000 4,575,000
Capital stock 2,500,000 2,500,000
Retained earnings 4,130,000 4,732,016
Total liabilities and equity $13,714,000 $13,802,727

Required:

During 2018, Pet Kingdom made estimated tax payments of $56,000 each quarter to the IRS. Prepare a Form 1120 for Pet Kingdom for tax year 2018.

  • If an amount box does not require an entry or the answer is zero, enter "0".
  • Enter all amounts as positive numbers, unless otherwise instructed.
  • If required, round amounts to the nearest dollar.
  • Make realistic assumptions about any missing data.

In: Accounting

1. What is the price of a 6% coupon rate, 10 year maturity bond if the...

1. What is the price of a 6% coupon rate, 10 year maturity bond if the YTM=5%? (FV=1000)

2. What is the yield on a discount basis of a 2 year discount bond with a price of $965? (FV=1000)

3. You just bought a car and took out a 72 month loan to pay for it. If you borrowed $20,000 and your annual interest rate is 3.70%, what are your monthly payments?

4. What is the YTM of a 5 year bond with a 3% coupon rate if the price is $1040? (FV=1000)

In: Finance

A store randomly samples 603 shoppers over the course of a year and finds that 142...


  1. A store randomly samples 603 shoppers over the course of a year and finds that 142 of them made their visit because of a coupon they'd received in the mail.

    A 95% confidence interval for the fraction of all shoppers during the year whose visit was because of a coupon they'd received in the mail is (0.2016, 0.2694)

    The store management can be 95% confident that any sample of shoppers would have a proportion of visitors whose visit is because of receiving a coupon be within this confidence interval

    The store management can be 95% confident that the population proportion of customers visiting the store because they received a coupon is within our confidence interval

    95% of customers visiting the store because of receiving a coupon is within our confidence interval

QUESTION 4

  1. Workers at a particular mining site receive an average of 35 days paid vacation, which is lower than the national average. The manager of this plant is under pressure from a local union to increase the amount of paid time off. However, he does not want to give more days off to the workers because that would be costly. Instead he decides he should fire 10 employees in such a way as to raise the average number of days off that are reported by his employees. In order to achieve this goal, should he fire employees who have the most number of days off, least number of days off, or those who have about the average number of days off?

    a.

    He should file employees who have the most number of days off.

    b.

    No matter who he fires, it will not increase the amount of paid time off.

    c.

    He should file employees who have the average number of days off.

    d.

    He should file employees who have the least number of days off.

  1. Suppose the observational units in a study are the patients arriving at an emergency room on a given day, 11 Nov 2019. For the following indicate whether it can legitimately be considered a variable or not:

    Whether or not men have to wait longer than women

    yes

    no

QUESTION 8

  1. A survey company published results of a survey stating that 56% of the 600 randomly sampled residents planned to set off firereworks on July 4th.

    Determine the margin of error for the 56% point estimate using a 95% confidence level.

    Give your answer as a decimal rounded to two decimal places. (like .02 or .07 or .12)

  1. SAT scores (out of 2400) are distributed normally with a mean of 1480 and a standard deviation of 320. Suppose a school council awards a certificate of excellence to all students who score at least 1900 on the SAT, and suppose we pick a student at random. What is the chance they will have a score at least 1900?

    (Give your answer in decimal form to 4 places, like .0304 or .1421)

In: Statistics and Probability

Thornley Machines is considering a 3-year project with an initial cost of $618,000. The project will...

Thornley Machines is considering a 3-year project with an initial cost of $618,000. The project will not directly produce any sales but will reduce operating costs by $265,000 a year. The equipment is depreciated straight-line to a zero book value over the life of the project. At the end of the project the equipment will be sold for an estimated $60,000. The tax rate is 34%. The project will require $23,000 in extra inventory for spare parts and accessories.
Should this project be implemented if Thornley's requires a 9% rate of return? Why or why not?

Please show all work without excel

In: Finance

At the beginning of the year, Robinson County acquired a new storage building under a capital...

At the beginning of the year, Robinson County acquired a new storage building under a capital lease agreement.

An initial payment of $700,000 is made to start the lease with four subsequent payments for the same amount at the end of each year starting in late 20X7.

The total lease payment amount for the duration of the lease is $3,500,000.

The present value of the lease at the inception is $3,485,000, including the initial payment. The county borrowed the funds for four years at an annual interest rate of 7%.

At the creation of the lease, the building’s fair value is $3,700,000.

Required:

Evaluate the classification of the building as a capital lease. Discuss if this is the proper classification and how you concluded on this classification.

Prepare the journal entries in the capital projects fund, the debt service fund, and the governmental activities journal for the beginning of the lease.

Prepare the journal entries in the debt service fund and governmental activities journal for the end of the initial year payment.

At the end of the initial year, what financial statement(s) would be prepared to show the assets and the liabilities pertaining to the capital lease? What is the total that would be reported in the liability section of this financial statement?

Paper Requirements:

Submit your responses to the questions in a 3-5-page Microsoft Word document. Label each question clearly. Include computations in a table and show work.

For written answers, ensure your responses are well-written.

In: Accounting

A company is replacing its old tools, they expect to save $10,000 the first year and...

A company is replacing its old tools, they expect to save $10,000 the first year and amounts increasing by $1000 each year after for 5 years. If the interest is 12% per year what is the equivalent annual worth (EUAW) of the savings?

In: Accounting