In the year 4525, humans have evolved to live underwater. One of the evolved adaptations for underwater life is the secretion of a new protein, aquaslickin, from epithelial cells in the skin, which provides a slick coating over the body to help glide through the water. List the steps that lead up to the secretion of aquaslickin in epithelial cells, starting with the transcription of the gene for aquaslickin into mRNA in the nucleus, and ending with the exocytosis of secretory vesicles containing aquaslickin.

1. Company has determined that they can increase their profitability by $80,000 per year if they outsource the production of some parts used to build their most popular product. A significant amount of the cost savings will come from reduced labor force. This includes some long-term employees that served as quality-control inspectors. The parts being outsourced are difficult to manufacture and critical to the performance of the machine where they get installed. The inspectors were highly paid and very proficient at their job. The analysis assumes that space cleared as a result of this outsourcing will be rented to another company for storage. The vendor that would provide the parts has an excellent reputation for precision parts and has experienced dramatic growth in the last few years. They have not produced these particular parts before, but have committed to the price for at least 2 years. Assume the computational analysis was done correctly. List 2 non-quantitative considerations worth discussion before they commit to this outsourcing arrangement. Please list how you do the calculation.

The U.S. BoP statistic for the year 2008 shows unilateral transfers as a debit entry. This implies:

a. more transfers are made from the U.S. to individuals abroad.

b. more transfers are made to the U.S. from individuals abroad.

c. U.S. investors have earned a higher rate of return on foreign assets.

d. U.S. companies have invested in large number of foreign stocks.

e. the U.S. government has bought back some Treasury bonds.

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.

(Round your answers to 1 decimal place.)

Evaluate the company’s performance over the last four months. (Indicate the effect of each trend by selecting "Favorable" or  "Unfavorable" or "None" for no effect (i.e., zero variance).

(Round your answers to 1 decimal place.)

Mr. Banks, a 63 year old male, was admitted to the local hospital for symptoms that included fluid-filled vesicles on one side of his chest and waist. They are all painful and very itchy. What is his likely diagnosis? What other clinical findings may suggest this diagnosis? Why is Mr. Banks experiencing this disease? Describe what a dermatome and dermatome map is and how they can be useful for Mr. Banks. Name 3 other clinical findings or procedures that a dermatome map can be useful for. Lastly, name and describe what pathways and dermatomes may be activated with Mr. Banks' clinical condition.,

An investor considers the purchase of a 2-year bond with a 5% coupon rate, with interest paid annually and par of 100. The spot rates observed in the market today are as follows: 1-yr spot is 3%, the 2-yr spot is 4% and the 3-yr spot is 5%. The clean price of the bond is closest to: a. 101.93. b. 102.85. c. 105.81. d. 102.36. e. 103.10.

The following data are available for Hollis for the fiscal year ended on January 31, 2020:

Required:
a. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using a periodic inventory system): (Round unit cost to 2 decimal places.)


b. Assume that net income using the weighted-average cost flow assumption is $14,600. Calculate net income under FIFO and LIFO.(Round unit cost to 2 decimal places.)

Redbud began operations at the beginning of Year 1, and has one depreciable asset with an original cost of $200, acquired at the start of Year 1. Redbud uses straight-line depreciation over 5 years for financial reporting and MACRS (3-year asset). Information about carrying value and tax basis of the asset is found in the table below.

In Years 1 and 2, Redbud had a small amount of positive net income and positive taxable income. In Year 3, Redbud experienced a $2,000 loss for net income. Redbud is not in an industry that is eligible for the carryback option, so Redbud will carry the loss forward. Redbud’s tax rate is 20%.

Requirements:

1. Calculate the net operating loss for Year 3.
2. Prepare the journal entry to record income taxes for Year 3.
3. Assume that Redbud only expects to realize 60% of the tax carryforward in future years. Prepare the necessary journal entry to adjust for this expectation.
4. In Year 4, Redbud earned net income of $200. Prepare the journal entry to record income taxes.

Problem Facts Information related to the Sosa Company for the year 2020: Common Stock As of the end of 2020, Sosa had 240,000 shares of common stock outstanding. The shares are due to the following common stock transactions:  January 1, 2020 – 100,000 shares of common stock outstanding  April 1, 2020 – issued an additional 50,000 shares for cash  July 1, 2020 - issued a 2 for 1 stock split  September 1, 2020 – purchased 60,000 shares for treasury stock Preferred Stock As of the end of 2020, Sosa had 30,000 shares of 6%, $10 par value, cumulative, convertible preferred stock outstanding. The stock had been outstanding all year and the conversion ratio was each share of preferred stock is convertible into 3 shares of common stock. Bonds Payable As of the end of 2020, Sosa had $800,000, 7% bonds payable outstanding. The bonds had been outstanding for the entire year and each $1,000 bond was convertible into 10 shares of common stock. Options Sosa also had 10,000 common stock options outstanding all year. Each option allowed the holder to purchase 1 share of Sosa’s common stock for $45. During 2020, the average market price of Sosa’s common stock was $48 per share. Additional Information Sosa’s 2020 net income was $580,000, and the company’s income tax rate was 34%. REQUIRED 1. Compute the weighted average number of common shares Sosa will use to compute basic earnings per share. (5 points) 2. Compute 2020 basic earnings per share (3 points) 3. Identify which of the potentially dilutive securities (preferred stock, bonds, options) are dilutive (support must be shown to receive credit for this question) (8 points) 4. Compute diluted earnings per share (4 points)

Basic EPS = $2.20

Diluted EPS = $1.68