Questions
Thomlin Company forecasts that total overhead for the current year will be $12,464,000 with 152,000 total...

Thomlin Company forecasts that total overhead for the current year will be $12,464,000 with 152,000 total machine hours. Year to date, the actual overhead is $8,299,800, and the actual machine hours are 95,400 hours. If Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is

a.$283,000 underapplied

b.$477,000 overapplied

c.$283,000 overapplied

d.$477,000 underapplied

In: Accounting

For a certain year a study reports that the percentage of college students using credit cards...

For a certain year a study reports that the percentage of college students using credit cards was 87%. A college dean of student services claims that this is too high for her university, so she randomly selects 50 students and finds that 40 of them use credit cards. At  = 0.10 is she correct?

State:__________________________________ CV: use table E, F, G, CV=___________________ TV: z, t, or 2  (circle one), TV=________________ Decide:________________________________ Summary: (remember to circle the correct description before completing the statement) There is/is not enough evidence to reject/support the claim that______________________ ________________________________________________________________________ _______________________________________________________________________

In: Statistics and Probability

The records of Alaska Company provide the following information for the year ended December 31. At...

The records of Alaska Company provide the following information for the year ended December 31. At Cost At Retail January 1 beginning inventory $ 473,150 $ 928,950 Cost of goods purchased 2,699,294 6,281,150 Sales 5,513,700 Sales returns 46,400 Required: 1. Use the retail inventory method to estimate the company’s year-end inventory at cost. 2. A year-end physical inventory at retail prices yields a total inventory of $1,693,800. Prepare a calculation showing the company’s loss from shrinkage at cost and at retail.

In: Accounting

Tailor​ Johnson, a U.S. maker of fine​ menswear, has a subsidiary in Ethiopia. This​ year, the...

Tailor​ Johnson, a U.S. maker of fine​ menswear, has a subsidiary in Ethiopia. This​ year, the subsidiary reported and repatriated earnings before interest and taxes​ (EBIT) of 195 million Ethiopian birrs. The current exchange rate is 9.8039 ​birrs/dollar or Upper S equals $ 0.1020 divided by birrS=$0.1020/birr. The Ethiopian tax rate on this activity is 27%. U.S. tax law requires Tailor Johnson to pay taxes on the Ethiopian earnings at the same rate as on profits earned in the United​ States, which is currently 43%. ​However, the United States gives a full tax credit for foreign taxes paid up to the amount of the U.S. tax liability. What is Tailor​ Johnson's U.S. tax liability on its Ethiopian​ subsidiary?

Tailor​ Johnson's U.S. tax liability on its Ethiopian subsidiary is $_______million. ​ (Round to two decimal​ places.)

In: Finance

A. During the year, a farmer pays $1000 principal and $500 interest on a tractor loan.

A. During the year, a farmer pays $1000 principal and $500 interest on a tractor loan. His annual depreciation expense is $4000. His operating expenses including fuel, oil, and repairs total $500 for the year (ignore fuel tax credits). His marginal tax rate is 25%. What is his after-tax cost of using the tractor for the year?

B. If the farmer leased the tractor for the year for $1200, how much
would his after-tax cost of using the tractor be?


In: Finance

Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management...

Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Total cash receipts $ 320,000 $ 440,000 $ 370,000 $ 390,000
Total cash disbursements $ 372,000 $ 342,000 $ 332,000 $ 352,000


The company’s beginning cash balance for the upcoming fiscal year will be $27,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded.

Required:

Prepare the company’s cash budget for the upcoming fiscal year. (Repayments, and interest, should be indicated by a minus sign.)

In: Accounting

Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management...

Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Total cash receipts $ 320,000 $ 440,000 $ 370,000 $ 390,000
Total cash disbursements $ 372,000 $ 342,000 $ 332,000 $ 352,000


The company’s beginning cash balance for the upcoming fiscal year will be $27,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded.

Required:

Prepare the company’s cash budget for the upcoming fiscal year. (Repayments, and interest, should be indicated by a minus sign.)

In: Accounting

A 62 year old, 183 lb female is admitted to the emergency room and diagnosed with...

  1. A 62 year old, 183 lb female is admitted to the emergency room and diagnosed with DVT. The ER physician orders a bolus dose of heparin at 70 units/kg, to be administered in the ER. Calculate how many mLs the nurse will draw up into a syringe for the bolus dose given that the heparin concentration in the vial is 1,000 units/mL. Show your work.

  1. A dopamine drip is ordered for a 74 kg male who was admitted to the hospital to the ICU floor.   The drip order is for 200 mg of dopamine in 250 mL of D5W to run at a rate of 5 mcg/kg/min. What is the flow rate for this IV in mL/hour? Show your work.

In: Nursing

Consider a population that begins growing exponentially at a base rate of 4.8​% per year and...

Consider a population that begins growing exponentially at a base rate of 4.8​% per year and then follows a logistic growth pattern. If the carrying capacity is 60 ​million, find the actual fractional growth when the population is at 10​ million, 30​ million, and 50 million.

In: Statistics and Probability

A farmer wants to determine if the average growth of sunflowers is 4.5 ft per year...

A farmer wants to determine if the average growth of sunflowers is 4.5 ft per year or not. A sample of 41 sunflowers had a mean of 4.25 ft per year and a standard deviation of 0.7 ft per year.

a) This is a two-sided test;state the hypotheses.

b) State the rejection region for α=0.05

c)Will you reject or retain the null hypothesis? Show all work to support your answer.

d) Find the 95% confidence interval for average growth of sunflowers.Is the value of µ0 inside the 95% confidence interval?

In: Statistics and Probability