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 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 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 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.
In: Finance
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 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.
In: Accounting
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 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
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. |
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
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)
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 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 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
In: Accounting