Widmer Watercraft’s predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company’s production activities during May 2017 follows.

Purchased raw materials on credit, $200,000.
Materials requisitions record use of the following materials for the month.

Job 136 $ 48,000
Job 137 32,000
Job 138 19,200
Job 139 22,400
Job 140 6,400
Total direct materials 128,000
Indirect materials 19,500
Total materials used $ 147,500

Paid $15,000 cash to a computer consultant to reprogram factory equipment.
Time tickets record use of the following labor for the month. These wages were paid in cash.

Job 136 $ 12,000
Job 137 10,500
Job 138 37,500
Job 139 39,000
Job 140 3,000
Total direct labor 102,000
Indirect labor 24,000
Total $ 126,000

Applied overhead to Jobs 136, 138, and 139.
Transferred Jobs 136, 138, and 139 to Finished Goods.
Sold Jobs 136 and 138 on credit at a total price of $525,000.
The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance).

Depreciation of factory building $ 68,000
Depreciation of factory equipment 36,500
Expired factory insurance 10,000
Accrued property taxes payable 35,000

Applied overhead at month-end to the Work in Process Inventory account (Jobs 137 and 140) using the predetermined overhead rate of 200% of direct labor cost.

2. Prepare journal entries to record the events and transactions a through i.

please do not make any mistake on the assignment

A financial institution has entered into a 10-year currency swap with company Y. Under the terms of the swap, the financial institution receives interest at 3% per annum in Swiss francs and pays interest at 8% per annum in U.S. dollars. Interest payments are exchanged once a year. The principal amounts are 7 million dollars and 10 million francs. Suppose that company Y declares bankruptcy at the end of year 6, when the exchange rate is $0.80 per franc. What is the cost to the financial institution? Assume that, at the end of year 6, the interest rate is 3% per annum in Swiss francs and 8% per annum in U.S. dollars for all maturities. All interest rates are quoted with annual compounding.

A 25-year-old female client presents to the clinic for evaluation of itching and discomfort in the genital area, accompanied by painful urination. The client states that the symptoms started about a week ago and have been getting progressively worse. During the interview, the client states that she had a urinary infection a few months ago. She is sexually active. Upon physical examination, the nurse notes mild reddening of the vaginal walls and a foul-smelling discharge. The nurse asks the client what form of contraception she uses. The client tells the nurse that she has been using a diaphragm for about a year, but she is not totally sure she is using it correctly. She still has difficulty inserting and removing it, and, at times, she feels it inside. The nurse practitioner (NP) she saw at the time told her she wasn’t supposed to feel it if it was positioned correctly. Along with the diaphragm, she requests her partner to use a condom as well for added protection. She has an appointment to go back to the NP for a follow-up. The client stated that she gets yearly Pap smears because her mother had cervical cancer.

Questions:

8. To complete an accurate nursing history, what additional data does the nurse need to obtain?

9. The nurse develops a teaching plan for this client. What information needs to be included?

Suppose there are only two countries in our world Australia and New Zealand. In a year Australia can produce 100 Sheep or 500 BBQs while New Zealand can produce either 150 Sheep or 400 BBQs. What is the PPC curve? If they were to specialise who would and in what BBQs or Sheep? If both countries were to spend half the year producing each of their products- explain how specialization and trade would benefit each?

Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company’s present selling price is $96 per unit, and variable expenses are $66 per unit. Fixed expenses are $833,700 per year. The present annual sales volume (at the $96 selling price) is 25,900 units. Required: 1. What is the present yearly net operating income or loss? 2. What is the present break-even point in unit sales and in dollar sales? (Do not round intermediate calculations.) 3. Assuming that the marketing studies are correct, what is the maximum annual profit that the company can earn? At how many units and at what selling price per unit would the company generate this profit?

What is the present break-even point in unit sales and in dollar sales? (Do not round intermediate calculations.)

What is the present break-even point in unit sales and in dollar sales? (Do not round intermediate calculations.)

Break-even point in units is 27790

Break even point in dollar sales is 2667840

3. Assuming that the marketing studies are correct, what is the maximum annual profit that the company can earn? At how many units and at what selling price per unit would the company generate this profit?

a) maxium Profit

B/ number of units

c? selling price

The following are the cash flows of two projects:

If the opportunity cost of capital is 11%, what is the profitability index for each project? (Do not round intermediate calculations. Round your answers to 4 decimal places.)

The following information is available from the books of Exclusive Ltd. for the year ended 31st March 2016: (a) Cash sales for the year were Rs.10,00,000 and sales on account Rs.12,00,000. (b) Payments on accounts payable for inventory totaled Rs.7,80,000. (c) Collection against accounts receivable were Rs.7,60,000. (d) Rent paid in cash Rs.2,20,000, outstanding rent being Rs.20,000. (e) 4,00,000 Equity shares of Rs.10 par value were issued for Rs.48,00,000. (f) Equipment was purchased for cash Rs.16,80,000. (g) Dividend amounting to Rs.10,00,000 was declared, but yet to be paid. (h) Rs.4,00,000 of dividends declared in the previous year were paid. (i) An equipment having a book value of Rs.1,60,000 was sold for Rs.2,40,000. (j) The cash account was increased by Rs.37,20,000. Prepare a cash flow statement using direct method.

It is December 31. Last year, Campbell Construction had sales of $120,000,000, and it forecasts that next year’s sales will be $114,000,000. Its fixed costs have been—and are expected to continue to be—$60,000,000, and its variable cost ratio is 21.00%. Campbell’s capital structure consists of a $15 million bank loan, on which it pays an interest rate of 8%, and 750,000 shares of common equity. The company’s profits are taxed at a marginal rate of 40%. Given this data, complete the following sentences: Note: For these computations, round each EPS to two decimal places.

• The company’s percentage change in EBIT is . -12.26% -13.62% -16.34%

• The percentage change in Campbell’s earnings per share (EPS) is . -11.28% -14.10% -19.74%

• The degree of financial leverage (DFL) at $114,000,000 is . 0.97 1.04 2.82

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.

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:

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.

The following information was taken from the records of Skysong Inc. for the year 2017: Income tax applicable to income from continuing operations $213,724; income tax applicable to loss on discontinued operations $28,186, and unrealized holding gain on available-for-sale securities (net of tax) $23,100. Gain on sale of equipment $97,400 Cash dividends declared $153,000 Loss on discontinued operations 82,900 Retained earnings January 1, 2017 542,500 Administrative expenses 246,100 Cost of goods sold 894,100 Rent revenue 42,300 Selling expenses 322,400 Loss on write-down of inventory 61,700 Sales Revenue 2,013,200 Shares outstanding during 2017 were 90,400.

1. Prepare a multiple-step income statement.

2. Prepare a comprehensive income statement for 2017, using the two statement format.

3. Prepare a retained earnings statement for 2017.