1.ABC Products needs to replace its rawhide tanning and molding equipment. It can be used for five years and will have no salvage value. The equipment costs $930,000. The firm can lease it for $245,000 a year, or it can borrow the money to purchase the equipment at 8%. The firm's tax rate is 34%. The CCA rate is 20% (Class 8).What is the present value of the depreciation tax shield?
Select one:
a. $277,177
b. $186,000
c. $236,959
d. $26,876
e. $243,885
2.
Suppose a project costs $375 and produces cash flows of $100 over each of the following seven years. What is the IRR of the project?
Select one:
a. There is not enough information; a discount rate is required
b. 18.6%
c. 10.0%
d. 13.0%
e. 15.3%
In: Finance
Problem 8-70 (LO 8-4)
[The following information applies to the questions displayed below.]
Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife.
What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8.
EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold
| Filing Status | Phase-Out Threshold |
|---|---|
| Married filing jointly | $400,000 |
| Married filing separately | 200,000 |
| Head of household and single | 200,000 |
Problem 8-70 Part-b
b. His AGI is $426,400.
| Amount of child tax credit |
c. His AGI is $429,200, and his daughters are
ages 10 and 12.
| Amount of child tax credit |
In: Accounting
Code using JAVA:
must include a "Main Method" to run on "intelliJ".
Hint: Use a hash table. You can use either Java HashTable or Java HashMap. Refer to Java API for the subtle differences between HashTable and HashMap.
Determine if a 9 x 9 Sudoku board is valid. Only the filled cells need to be validated according to the following rules:
class Solution {
public boolean isValidSudoku(char[][] board) {
}
}
Note:
Example 1:
Input: board = [["5","3",".",".","7",".",".",".","."] ,["6",".",".","1","9","5",".",".","."] ,[".","9","8",".",".",".",".","6","."] ,["8",".",".",".","6",".",".",".","3"] ,["4",".",".","8",".","3",".",".","1"] ,["7",".",".",".","2",".",".",".","6"] ,[".","6",".",".",".",".","2","8","."] ,[".",".",".","4","1","9",".",".","5"] ,[".",".",".",".","8",".",".","7","9"]] Output: true
Example 2:
Input: board = [["8","3",".",".","7",".",".",".","."] ,["6",".",".","1","9","5",".",".","."] ,[".","9","8",".",".",".",".","6","."] ,["8",".",".",".","6",".",".",".","3"] ,["4",".",".","8",".","3",".",".","1"] ,["7",".",".",".","2",".",".",".","6"] ,[".","6",".",".",".",".","2","8","."] ,[".",".",".","4","1","9",".",".","5"] ,[".",".",".",".","8",".",".","7","9"]] Output: false Explanation: Same as Example 1, except with the 5 in the top left corner being modified to 8. Since there are two 8's in the top left 3x3 sub-box, it is invalid.
Constraints:
In: Computer Science
The accompanying data are the number of wins and the earned run averages (mean number of earned runs allowed per nine innings pitched) for eight baseball pitchers in a recent season. Find the equation of the regression line. Then construct a scatter plot of the data and draw the regression line. Then use the regression equation to predict the value of y for each of the given x-values. If meaningful. If the x-value is not meaningful to predict the value of y, explain why not. (a) x=5 wins (b) x=10 wins (c) x=21 wins (d) x=15 wins
The equation of the regression line is y= ? x+? (Round to two decimal places as needed.)
a. Predict the ERA for 5 wins, if it is meaningful.Select the correct choice below and ,if necessary, fill in the answer box within your choice.
A. ^y= ? (Round to two decimal places as needed.)
B. it is not meaningful to predict this value of y because x=5 is well outside the range of the original data.
C. It is not meaningful to predict this value of y because x=5 is not an x-value in the original data.
(b) Predict the ERA for 10 wins, if it is meaningful.Select the correct choice below and, if necessary, fill in the answer box within your choice.
A. y^= ? (Round to two decimal places as needed.)
B. it is not meaningful to predict this value of y because x=10 is not an x-value in the original data.
C. it is not meaningful to predict this value of y because x=10 is inside the range of the orginal data.
(c) Predict the ERA for 21 wins, if it is meaningful. Select the correct choice below and, if necessary, fill in the answer box within your
choice.
A. y^= ? (Round to two decimal places as needed.)
B. It is not meaningful to predict this value of y because x=21 is not x-value in the original data.
C. it is not meaningful to predict this value of y because x=21 is well outside the range of the original data.
(d) Predict the ERA for 15 wins, if it meaningful. Select the correct choice below and,if necessary,fill in the box within your choice.
A. y^= ? (Round to two decimal places as needed.)
B. It is not meaningful to predict this value of y because x=15 is inside the range of the original data.
C. It is not meaningful to predict this value of y because x=15 is not an x-value in the original data.
Wins, x Earned run average, y
20, 2.82
18, 3.24
17, 2.56
16, 3.65
14, 3.79
12, 4.34
11, 3.78
9, 5.07
In: Math
Kitchen Supply, Inc. (KSI), manufactures three types of flatware: institutional, standard, and silver. It applies all indirect costs according to a predetermined rate based on direct labor-hours. A consultant recently suggested that the company switch to an activity-based costing system and prepared the following cost estimates for year 2 for the recommended cost drivers.
| Activity | Recommended Cost Driver |
Estimated Cost |
Estimated Cost Driver Activity |
||||
| Processing orders | Number of orders | $ | 41,000 | 200 | orders | ||
| Setting up production | Number of production runs | 216,000 | 120 | runs | |||
| Handling materials | Pounds of materials used | 250,000 | 100,000 | pounds | |||
| Machine depreciation and maintenance | Machine-hours | 231,000 | 11,000 | hours | |||
| Performing quality control | Number of inspections | 59,850 | 45 | inspections | |||
| Packing | Number of units | 122,500 | 490,000 | units | |||
| Total estimated cost | $ | 920,350 | |||||
In addition, management estimated 7,100 direct labor-hours for year 2.
Assume that the following cost driver volumes occurred in January, year 2.
| Institutional | Standard | Silver | |||||||
| Number of units produced | 62,000 | 25,000 | 8,000 | ||||||
| Direct materials costs | $ | 38,000 | $ | 25,000 | $ | 17,000 | |||
| Direct labor-hours | 430 | 490 | 580 | ||||||
| Number of orders | 11 | 10 | 5 | ||||||
| Number of production runs | 4 | 2 | 6 | ||||||
| Pounds of material | 17,000 | 6,000 | 3,200 | ||||||
| Machine-hours | 590 | 150 | 80 | ||||||
| Number of inspections | 4 | 3 | 3 | ||||||
| Units shipped | 62,000 | 25,000 | 8,000 | ||||||
Actual labor costs were $15 per hour.
Required:
a.
(1) Compute a predetermined overhead rate for
year 2 for each cost driver using the estimated costs and estimated
cost driver units prepared by the consultant.
(2) Compute a predetermined rate for year 2 using
direct labor-hours as the allocation base.
b. Compute the production costs for each product
for January using direct labor-hours as the allocation base and the
predetermined rate computed in requirement
a(2).
c. Compute the production costs for each product
for January using the cost drivers recommended by the consultant
and the predetermined rates computed in requirement
a. (Note: Do not assume that total
overhead applied to products in January will be the same for
activity-based costing as it was for the labor-hour-based
allocation.)
Compute a predetermined overhead rate for year 2 for each cost driver using the estimated costs and estimated cost driver units prepared by the consultant. (Round your answers to 2 decimal places.)
|
||||||||||||||||||||||
Compute a predetermined rate for year 2 using direct labor-hours as the allocation base
|
Compute the production costs for each product for January using direct labor-hours as the allocation base and the predetermined rate computed in requirement a(2). (Do not round intermediate calculations.)
|
In: Accounting
A researcher is interested in whether the phonics method of teaching reading is more or less effective than the sight method, depending on what grade the child is in. Twenty children were randomly selected from each of three grades: kindergarten (K), first grade (1), and second grade. Achievement was measured in terms of reading comprehension where higher scores indicate better comprehension. Within each grade, 10 children were assigned to each of two methods of teaching reading - phonics or sight. The data are as follows: Grade Levels K 1 2 K 1 2 14 25 49 17 35 34 20 29 49 22 36 33 16 27 46 19 40 34 Sight 21 31 46 Phonics 20 34 39 20 27 44 26 37 38 14 34 43 18 41 33 21 32 50 26 42 35 23 34 43 18 33 42 14 35 48 25 34 42 15 28 52 23 43 38 a. State the Null hypotheses for each main effect and interaction – 5 points a. The different methods for teaching reading do not show a significant difference. b. Present the means and SD for each level of each factor– 5 points c. Test the null hypothesis for both main effects and interactions and present the ANOVA source table with all relevant statistics– 15 points. Tests of Between-Subjects ANOVA source Table Dependent Variable: RC Source Type III Sum of Squares df Mean Square F Sig. Partial Eta Squared method grade method * grade Error Total Corrected Total a. R Squared = (Adjusted R Squared = . Sig = 0 means p is < .001. SPSS takes out the probability value to 8 decimals. So, reporting Sig as .000 means the probability (p) is less than or below the .001 level. d. Specify all variables– 5 points. e. Compute, report and explain results from the HSD post hoc follow-up test– 10 points.. f. Present a graph of the interaction of the two factors– 5 points. g. Write a statement as to your conclusions– 5 points..
In: Statistics and Probability
An article in the Journal of Aircraft (Vol. 23, 1986, pp.859–864) described a new equivalent plate analysis method formulation that is capable of modeling aircraft structures such as cranked wing boxes and that produces results similar to the more computationally intensive finite element analysis method. Natural vibration frequencies for the cranked wing box structure are calculated using both methods, and results for the first seven natural frequencies follow:
Frequency Finite Element, Cycle/s Equivalent Plate,
Cycle/s
1 14.58 14.76
2 48.52 49.10
3 97.22 99.99
4 113.99 117.53
5 174.73 181.22
6 212.72 220.14
7 277.38 294.80
a. Do the data suggest that the two methods provide the same mean
value for natural vibration frequency? Use α = 0.05. Find the
P-value.
b. Find a 95% confidence interval on the mean difference between the two methods.
c. State your assumptions for this problem.
Please answer only C, answer for a and b is still appreciated.
only c only c only c please
In: Statistics and Probability
Assume that the current spot rates are as follows:
1 Years 8% Spot
2 Years 9% Spot
3 Years 10% Spot
If the unbiased expectations theory holds, what should be the yields-to-maturity on one and two year pure discount bonds one year from today?
In: Finance
The Pinkerton Publishing Company is considering two independent expansion plans. Plan A calls for the expenditure of $50 million on a large-scale, integrated plant that will provide an expected cash flow stream of $9 million per year for 8 years. Plan B calls for the expenditure of $28 million to build a somewhat less efficient, more labor-intensive plant that has an expected cash flow stream of $ 5 million per year for 8 years. The firm’s cost of capital is 10%.Calculate each project’s NPV and IRR, and indicate the correct accept–reject decision for each methods
In: Finance
Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS
At the beginning of June, Donewell Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost information:
| Job 44 | Job 45 | ||
| Direct materials | $4,800 | $1,900 | |
| Direct labour | 4,200 | 3,360 | |
| Applied overhead | 2,400 | 1,920 | |
| Balance, June 1 | $11,400 | $7,180 | |
During June, two more jobs (46 and 47) were started. The
following direct materials and direct labour costs were added to
the four jobs during the month of June:
| Job 44 | Job 45 | Job 46 | Job 47 | |||||
| Direct materials | $2,500 | $7,110 | $1,800 | $1,700 | ||||
| Direct labour | 800 | 6,400 | 900 | 560 | ||||
At the end of June, Jobs 44, 45, and 47 were completed. Only Job 45 was sold. On June 1, the balance in Finished Goods was zero.
Required:
1. Calculate the overhead rate based on direct
labour cost. Round the percentage to the nearest whole number. For
example, .6372 would be rounded to 64%.
%
2. Prepare a brief job-order cost sheet for the four jobs. Show the balance as of June 1 as well as direct materials and direct labour added in June. Apply overhead to the four jobs for the month of June, and show the ending balances. Round your answers to the nearest whole dollar. For those boxes in which no entry is required, enter "0".
| Donewell Company | ||||
| Job-Order Cost Sheet | ||||
| For the Month of June | ||||
| Job 44 | Job 45 | Job 46 | Job 47 | |
| Beginning balance, June 1 | $ | $ | $ | $ |
| Direct materials | ||||
| Direct labour | ||||
| Applied overhead | ||||
| Total, June 30 | $ | $ | $ | $ |
3. Calculate the ending balances of Work in Process and Finished Goods as of June 30. Round your answers to the nearest dollar.
| Work in process | $ |
| Finished goods | $ |
4. Calculate the Cost of Goods Sold for June.
Round your answer to the nearest dollar.
$
In: Accounting