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 82 % 77 % 74 % 71 % Total sales (units) 3830 3667 3479 3347 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 0.8 0.5 0.6 0.6 Process time per unit 2.3 2.2 2.1 2.0 Wait time per order before start of production 24.0 26.3 29.0 31.4 Queue time per unit 4.4 5.0 5.7 6.5 Inspection time per unit 0.9 1.1 1.1 0.9 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
Case A: A 25 year old male patient came to the clinic with chief complain of depression and anger problem. Patient was reported to have mood swings with angry outburst. He has history of irritable temperament, substance abuse and anxiety. Reported occasional agitation, restlessness, poor concentration, passive suicide thoughts, zero sense of guilt with amotivation. He has difficulty delaying gratification, poor frustration tolerance.
Clinical Impressions: (Rationale for diagnosis and recommendations for services)
DSM-5 Diagnosis with list of diagnostic creterials:
Recommendations:
Labs:
Psychiatric Medications:
Drug: Dose/Schedule: Number/Refill: Fact Sheet Given Other
Rationale for each recommendation
Teaching
What would you include in a biopsychosocial treatment plan for the patient in addition to pharmacotherapy?
In: Nursing
An 18 year old Primigravida presents to Labor And Delivery with what appears to be active labor. Upon questioning, you discover she has received no prenatal care. In obtaining some history while placing her on the fetal monitor you learn she is a smoker, approximately 1 pack per day, occasional marijuana for stress, and denies any support system. The Father of the Baby (FOB) has no knowledge of the pregnancy. No prenatal vitamins - they were too hard to swallow. She has no idea when her LMP was and she relates always being very irregular. * remember LMP is to ask the first day of the Last Menstrual cycle, not when the bleeding stopped* Objective information: Fetal heart tones are 130, with minimal variability Vaginal examination is 4 cm/90%effaced/ -1 station She is complaining of pain - 8/10 on a numerical scale. An IV has been started with an 18 gauge catheter with 1 liter of Lactated Ringers at 150 ml per hr in left forearm. How can you provide non pharmacological comfort to this patient? What are the pharmacological methods to use? Without prenatal records or history GBS is unknown. What must you provide? Contractions are 5 minutes apart and you receive an order to augment labor - what non-pharmacological methods can you employ (or ask the MD to provide?) Pitocin is ordered, please include at what rate you will start Pitocin, and how often you titrate. What equipment is needed to hang and run Pitocin IV?
In: Nursing
The net income reported on the income statement for the current year was $153,400. Depreciation recorded on store equipment for the year amounted to $25,300. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:
| End of Year | Beginning of Year | |||
| Cash | $61,820 | $56,260 | ||
| Accounts receivable (net) | 44,320 | 41,580 | ||
| Inventories | 60,520 | 63,290 | ||
| Prepaid expenses | 6,800 | 5,340 | ||
| Accounts payable (merchandise creditors) | 57,930 | 53,220 | ||
| Wages payable | 31,650 | 34,770 | ||
a. Prepare the “Cash flows from operating activities” section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.
| Statement of Cash Flows (partial) | ||
| Cash flows from operating activities: | ||
| Net income | $ | |
| Adjustments to reconcile net income to net cash flow from operating activities: | ||
| Depreciation | ||
| Changes in current operating assets and liabilities: | ||
| Increase in accounts receivable | ||
| Decrease in inventories | ||
| Increase in prepaid expenses | ||
| Increase in accounts payable | ||
| Decrease in wages payable | ||
| Net cash flow from operating activities | $ | |
In: Accounting
A new machine will last for ten years. It will save the company $9984 per year and the savings will increase by $2660 each year. What is the present worth of this machine assuming an interest rate of 7.4%/year compounded annually.
In: Economics
The Dorset Corporation produces and sells a single product. The following data refer to the year just completed:
| Beginning inventory | 0 | |
| Units produced | 28,000 | |
| Units sold | 24,000 | |
| Selling price per unit | $ | 466 |
| Selling and administrative expenses: | ||
| Variable per unit | $ | 21 |
| Fixed per year | $ | 336,000 |
| Manufacturing costs: | ||
| Direct materials cost per unit | $ | 296 |
| Direct labor cost per unit | $ | 57 |
| Variable manufacturing overhead cost per unit | $ | 34 |
| Fixed manufacturing overhead per year | $ | 448,000 |
Assume that direct labor is a variable cost.
Required:
a. Compute the unit product cost under both the absorption costing and variable costing approaches.
b. Prepare an income statement for the year using absorption costing.
c. Prepare an income statement for the year using variable costing.
d. Reconcile the absorption costing and variable costing net operating income figures in (b) and (c) above
In: Accounting
|
. You are considering starting a walk-in clinic. Your financial projections for the first year of operations are as follows: |
|||
|
Number of Visits |
25,000 |
Utilities |
$4,500 |
|
Wages and Benefits |
$290,000 |
Medical Supplies |
$45,000 |
|
Rent |
$10,000 |
Administrative Supplies |
$10,000 |
|
Depreciation |
$40,000 |
||
|
Assume that all costs are fixed except supplies costs, which are variable. |
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|
a. What is the clinic’s underlying cost structure? b. What are the clinics expected total cost? c. What are the clinic’s estimated total cost at 7,500 visits? At 12,500 visits? |
|||
In: Accounting
Hermon Co. is considering a four-year project that will require an initial investment of $5,000. The base-case cash flows for this project are projected to be $12,000 per year. The best-case cash flows are projected to be $19,000 per year, and the worst-case cash flows are projected to be -$3,000 per year. The company’s analysts have estimated that there is a 50% probability that the project will generate the base-case cash flows. The analysts also think that there is a 25% probability of the project generating the best-case cash flows and a 25% probability of the project generating the worst-case cash flows.
What would be the expected net present value (NPV) of this project if the project’s cost of capital is 14%?
$28,964
$26,551
$19,310
$24,137
Hermon now wants to take into account its ability to abandon the project at the end of year 2 if the project ends up generating the worst-case scenario cash flows. If it decides to abandon the project at the end of year 2, the company will receive a one-time net cash inflow of $3,000 (at the end of year 2). The $3,000 the company receives at the end of year 2 is the difference between the cash the company receives from selling off the project’s assets and the company’s -$3,000 cash outflow from operations. Additionally, if it abandons the project, the company will have no cash flows in years 3 and 4 of the project.
Using the information in the preceding problem, find the expected NPV of this project when taking the abandonment option into account.
$34,115
$31,490
$23,618
$26,242
What is the value of the option to abandon the project?
$2,316
$2,210
$2,105
$1,789
In: Finance
A) We are evaluating a project that costs $111518, has a seven-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 4266 units per year. Price per unit is $51, variable cost per unit is $24, and fixed costs are $83124 per year. The tax rate is 39 percent, and we require a 13 percent return on this project. Suppose the projections given for price, quantity, variable costs, and fixed costs are all accurate to within +/-9 percent. What is the NPV of the project in best-case scenario? (Negative amount should be indicated by a minus sign. Round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.)
B)
McGilla Golf has decided to sell a new line of golf clubs. The length of this project is seven years. The company has spent $188569 on research and development for the new clubs. The plant and equipment required will cost $2838154 and will be depreciated on a straight-line basis. The new clubs will also require an increase in net working capital of $125395 that will be returned at the end of the project. The OCF of the project will be $810877. The tax rate is 32 percent, and the cost of capital is 7 percent. What is the NPV for this project? (Negative amount should be indicated by a minus sign. Round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.)
In: Finance
(a) Magnus, a lawyer working for a large firm and earning $60,000 per year is contemplating setting up his own law practice. He estimates that renting an office would cost $10,000 per year, hiring a legal secretary would cost $20,000 per year, renting the required office equipment would cost $15,000 per year and purchasing the required supplies, paying for electricity, telephone and so forth would cost another $5,000. Magnus estimated that his total revenues for the year would be $100,000 and he is indifferent between keeping his present occupation with the large law firm and opening his own law office.
(i) How much would be the explicit cost of Magnus for running his own law office?
(ii) How much would the accounting costs be?
(iii) How much would the implicit cost be?
(iv) How much would the economic costs be?
(v) Should Magnus (the lawyer) go ahead and start his own practice?
(b) A profit maximizing firm in a competitive market is currently producing 50 units of output. It has average revenue of $2, total variable cost of $80 and a total fixed cost of $60. As the manager, you are required to advise management on what to do.
(i) Use a graph to demonstrate the circumstances that would prevail in a competitive market.
(ii) Identify costs, revenue, and the economic losses or profits on your graph.
(iii)Determine whether this firm will shut down, exit or choose to remain in the market.
(iv)Explain your answer.
In: Economics