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 | 85 | % | 80 | % | 77 | % | 74 | % |
| Total sales (units) | 3270 | 3130 | 2970 | 2857 | ||||
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 | 0.4 | 0.5 | 0.5 | |||||
| Process time per unit | 3.3 | 3.1 | 3.0 | 2.8 | |||||
| Wait time per order before start of production | 23.0 | 25.2 | 28.0 | 30.3 | |||||
| Queue time per unit | 5.0 | 5.6 | 6.3 | 7.1 | |||||
| Inspection time per unit | 0.7 | 0.9 | 0.9 | 0.7 | |||||
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
Vogl Company is a U.S. firm conducting a financial plan for the next year. It has no foreign subsidiaries, but more than half of its sales are from exports. Its foreign cash inflows to be received from exporting and cash outflows to be paid for imported supplies over the next year are shown in the following table:
|
Currency |
Total Inflow |
Total Outflow |
|
Canadian dollars (C$) |
C $35,000,000 |
C $4,000,000 |
|
New Zealand dollars (NZ$) |
NZ $5,000,000 |
NZ $1,000,000 |
|
Mexican pesos (MXP) |
MX.P. 12,000,000 |
MX.P. 10,000,000 |
|
Singapore dollars (S$) |
S $4,000,000 |
S $10,000,000 |
The spot rates and one-year forward rates for these currencies as of today are as follows:
|
Currency |
Spot Rate |
One-Year Forward Rate |
|
C$ |
$ 0.75 |
$ 0.80 |
|
NZ$ |
0.60 |
0.58 |
|
MXP |
0.18 |
0.15 |
|
S$ |
0.65 |
0.60 |
Based on the information provided, determine the net exposure of each foreign currency in US dollars. 8 Marks
Given the forecast of the Canadian dollar along with the forward rate of the Canadian dollar, what is the expected increase or decrease in US dollar cash flows that would result from hedging the net cash flows in Canadian dollars one year forward? Would you hedge the Canadian dollar position? Why?
5 Marks
Given the forecast of the Singapore dollar along with the forward rate of the Singapore dollar, what is the expected increase or decrease in US dollar cash flows that would result from hedging the net cash flows in Singapore dollars one year forward? Would you hedge the Singapore dollar position? Why?
In: Finance
This year Noah transferred $7 million to an irrevocable trust
established for the benefit of his niece. The trustee
is directed to accumulate income for the next five years before
distributing the before distributing the trust corpus to
Noah’s niece. In past years Noah has made taxable gifts of $6
million and used an applicable credit on an exemption
equivalent of $5 million. What amount of gift tax, if any, must
Noah remit?
I would appreciate some help with this problem. I would love if someone could explain it to me and show me the work to get to the answer.
In: Accounting
Presented below are a number of balance sheet items for Roma, Inc., for the current year, 2020.
Goodwill $ 210,000
Accumulated depreciation—equipment $ 467,000
Payroll taxes payable $65,300
Inventory $ 398,600
Bonds payable $500,000
Rent payable (short-term) $40,000
Discount on bonds payable $35,000
Income tax payable $110,800
Cash $ 61,000
Rent payable (long-term) $80,000
Land $351,000
Common stock, $1 par value $250,000
Notes receivable $160,500
Preferred stock, $25 par value $1,250,000
Notes payable (to banks) $264,900
Prepaid expenses $68,760
Accounts payable $ 347,000
Equipment $1,386,000
Retained earnings ?
Equity investments (trading) $375,000
Income taxes receivable $45,600
Accumulated depreciation—buildings $361,200
Unsecured notes payable (long-term) $1,300,000
Buildings $2,800,000
Instructions:
Prepare a classified balance sheet in good form.
Common stock authorized was 1,000,000 shares, and preferred stock authorized was 50,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of equity investments (trading) are the same.
In: Accounting
An all equity firm pays a dividend of $1 in first year, a dividend
of $2 in second year which then grows at a constant rate of 5%
for the next ten years. After that, the company has promised to pay
a fixed dividend of $4 annually. If the cost of equity is 15%, what
is the share price?
Select one:
a. $20.33
b. $22.60
c. $23.25
d. $21.5
In: Finance
roviding for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $703,000 and sales for the year total $7,970,000. The allowance account before adjustment has a credit balance of $9,500. Bad debt expense is estimated at 3/4 of 1% of sales. The allowance account before adjustment has a credit balance of $9,500. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $30,400. The allowance account before adjustment has a debit balance of $7,200. Bad debt expense is estimated at 1/2 of 1% of sales. The allowance account before adjustment has a debit balance of $7,200. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $59,800. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. $ b. $ c. $ d. $
In: Accounting
You are on duty in the OPD when BV is a 7-year old schooler who went for doctor’s consult because of severely swollen tonsils. She was accompanied by her mother. Condition started 3 days prior to consult, becoming more progressive until she can hardly swallow. She also started having low grade fever the day before but became high grade in the morning of consult. Her mother said this problem is frequently occurring since she started going to school like almost every 3 to 4 months. She usually does not miss school unless she has fever like what happened the past days.
Upon assessment, BV is a little bit restless and occasionally grimaces when she swallows. She remarks that mere swallowing of her saliva gives her pain. Though all aspects of her vital signs are bordering on maximum normal, her temperature registered at 39.4 C. Inspection of her throat shows erythema with exudates on both lateral walls.
After completing history and assessment, the doctor did a throat swab then gave instructions on the following orders:
Cephalexin (Keflex) 500 mg every 6 hours for 7 days.
Betadine gargle 3 times a day.
Paracetamol 500 mg every 6 hours for temperature 38.5 C and above
They were told to come back after a week for follow-up. The doctor mentioned the need for referral to a throat specialist for a possible scheduling of her surgery. Upon hearing this, BV verbalized her concern to her mother about a coming Quiz Bee Contest where she is a contestant and her possible absence if she will undergo surgery. She is now more apprehensive than when she came in.
Questions
1. Give 5 nursing diagnoses applicable to BV based on her condition and stage of development and suggest applicable 3 nursing interventions for each diagnosis to address these problems. Risk problems may be included
In: Nursing
Vice President for Sales and Marketing Sam Totter is trying to plan for the coming year in terms of production needs to meet the sales demand. He is also trying to determine ways in which the company’s profits might be increased in the coming year.
Instructions (Do all parts):
Northern Illinois Manufacturing markets a simple water control and timer that it mass-produces. During last year, the company sold 701,000 units at an average selling price of 4.20 per unit. The variable expenses were $1,857,650 and the fixed expenses were $646,450.
In: Accounting
Determine the below ratios for 2011 and 2012 and compare the Hospitals financial performance year to year based on those ratios. Make sure you explain what each ratio measures
Current Ratio
Average Payment Period
Operating Margin
Total Margin
Return on Net Assets
Cash Flow to Debt
FINANCIAL STATEMENTS:
Cash Flows from Operating Activities:
2012
2011
Cash received from patient
services
$3783
$2590
Cash paid to employees and
suppliers
(3684)
(2541)
Interest
paid
(16)
(14)
Interest
earned
13
6
Net Cash from
Operations
$96
$41
Cash Flows from Investing Activities:
Purchase of Property and Equipment ($25) ($19)
Securities
Purchase
($35)
($15)
Net Cash from Investing
Activities
($60)
($34)
Cash Flows from Financing
Activities:
Contributions
10
6
Repayment of long-term
debt
(13)
(0)
Net cash from financing
activities
($3)
($6)
Net increase (decrease) in cash and
equivalents
($33)
($13)
Cash and equivalents, beginning of
year
$41
$28
Cash and equivalents, end of
year
$74
$41
Revenues
2012
2011
Patient Service
Revenue
$4042
$2687
Provision for bad debts
$46
$21
Net Patient Service
Revenue
$3996
$2666
Other operating
revenue
$27
$32
Total
Revenues
$4023
$2698
Expenses:
Salaries and
benefits
$2714
$1835
Supplies and
drugs
1042
675
Insurance
90
83
Depreciation
21
15
Interest
16
19
Total
expenses
$3883
$2627
Operating
Income
$140
$71
Non-operating Income:
Contributions
$10
$22
Investment
income
13
6
Total Non-operating
income
$23___
28____
Net income (excess of revenues
over
expenses)
$163
$99
ASSETS
2012
2011
Current Assets:
Cash and cash equivalents
$74
$41
Shor-term
investments
$147
$137
Accounts receivable,
net
727
476
Inventories
27__
22___
Total Current
Assets
$975__
$676__
Investments
125___
$100____
Property and Equipment:
Medical and office
equipment
$56
$54
Vehicles
70__
47___
Total
$126
$101
Less: Accumulated
Depreciation
(45)
(24)
Net Property
Equipment
$81
$77
Total
Assets
$1181
$853
LIABILITIES AND EQUITY
Current
Liabilities:
Notes
payable
$13
$13
Accounts
Payable
40
21
Accrued
expenses
496
337
Total Current
Liabilities
$541
$371
Long term
debt
$154__
$167_
Total Liabilities
$703
$538
Equity (Net
Assets)
$478
$315
Total Liabilities and
equity
$1181
$853
In: Finance
Webber, Inc., began operations at the start of the current year, having a production target of 60,000 units. Actual production totaled 60,000 units, and the company sold 95% of its manufacturing output at $50 per unit. The following costs were incurred:
Manufacturing:
Direct materials used $240,000
Direct labor 480,000
Variable manufacturing overhead 360,000
Fixed manufacturing overhead 600,000
Selling and administrative:
Variable $180,000
Fixed 630,000
a. Compute the company’s absorption-costing operating income.
b. Compute the company’s variable-costing operating income.
c. Reconcile the difference in operating income.
In: Accounting