Alaska Airlines has established a goal of increasing profits by 12% next year. To ensure that the goal is reached, management monitors profits on a monthly basis. After three months, if profits have not increased by 3%, management will take corrective action to get the company on track. By doing so, management is carrying out its _______ function(s).
a goal-setting and planning b. planning c. leading and motivating d. controlling e. organizing
In: Operations Management
You are considering a two-year project with a present value of revenues of $4 million. The project has a present value of operating costs of $2.5 million and requires an initial capital expenditure of $550,000, which can be depreciated in a straight line over three years. However, you expect to sell this asset after two years for $400,000. Finally, the project requires a $400,000 working capital investment incurred immediately and recovered at the end of the second year. What is the project’s NPV if your tax rate is 25% and the opportunity cost of capital is 8%?
In: Finance
1)
A.Starting today, Nina is planning to invest at the beginning of each year for 6 years. Nina will earn is an annual 6.50%return on her investment. How much money would the investment be worth in today’s dollars?
B. Nina is looking for a sofa for $7800 and the credit terms are 3 years at an annual interest rate of 6.8%. If you purchase the sofa on credit and make each payment every month, how much will you have to pay each term?
Inflation isn't told in these problems
In: Finance
What is the operating cash flow (OCF) for year 3 of the hair salon project that Yellow Sand Industrial should use in its NPV analysis of the project? Yellow Sand Industrial operates a(n) medical clinic. The firm is evaluating the hair salon project, which would involve opening a hair salon. During year 3, the hair salon project is expected to have relevant revenue of 602,400 dollars, relevant variable costs of 203,700 dollars, and relevant depreciation of 97,000 dollars. In addition, Yellow Sand Industrial would have one source of fixed costs associated with the hair salon project. Yesterday, Yellow Sand Industrial signed a deal with Blue Eagle Marketing to develop an advertising campaign for use in the hair salon project. The terms of the deal require Yellow Sand Industrial to pay 25,100 dollars to Blue Eagle Blue Eagle in 3 years from today. The tax rate is 20 percent.
In: Finance
The net income reported on the income statement for the current year was $330,400. Depreciation recorded on equipment and a building amounted to $105,140 for the year. 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 | $89,900 | $95,010 |
| Accounts receivable (net) | 111,940 | 117,700 |
| Inventories | 217,550 | 209,050 |
| Prepaid expenses | 13,290 | 14,160 |
| Accounts payable (merchandise creditors) | 95,060 | 103,580 |
| Salaries payable | 15,590 | 13,710 |
Required:
| A. | Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. |
| B. | If the direct method had been used, would the net cash flow from operating activities have been the same? |
In: Accounting
Dalton Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Dalton Manufacturing's operations:
Current Assets as of December 31 (prior year):
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . .$4,460
Accounts receivable, net. . . . . . . . . . . $48,000
Inventory. . . . . . . . . . . . . . . . . . . . . . . .$15,000
Property, plant, and equipment, net. . . . . . . . . . . . . $121,000
Accounts payable. . . . . . . . . . . . . . . . . . . . . . .$43,000
Capital stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$127,000
Retained earnings. . . . . . . . . . . . . . . . . . . . . . .$22,500
Requirement 1. Prepare a schedule of cash collections forJanuary, February, and March, and for the quarter in total.
|
Dalton Manufacturing |
|||||
|
Cash Collections Budget |
|||||
|
For the Quarter Ended March 31 |
|||||
|
Month |
|||||
|
January |
February |
March |
Quarter |
|
|
Cash sales |
$24,030 |
$26,730 |
$24,840 |
$75,600 |
|
Credits sales |
53,200 |
56,070 |
62,370 |
171,640 |
|
Total cash collections |
$77,230 |
$82,800 |
$87,210 |
$247,240 |
Requirement 2. Prepare a production budget. (Hint: Unit sales= Sales in dollars / Selling price per unit.)
|
Dalton Manufacturing |
||||||
|
Production Budget |
||||||
|
For the Quarter Ended March 31 |
||||||
|
Month |
||||||
|
January |
February |
March |
Quarter |
|
|
Unit sales |
8,900 |
9,900 |
9,200 |
28,000 |
|
Plus: Desired ending inventory |
990 |
920 |
950 |
950 |
|
Total needed |
9,890 |
10,820 |
10,150 |
28,950 |
|
Less: Beginning inventory |
890 |
990 |
920 |
890 |
|
Units to produce |
9,000 |
9,830 |
9,230 |
28,060 |
Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar.)
|
Dalton Manufacturing |
|||||
|
Direct Materials Budget |
|||||
|
For the Quarter Ended March 31 |
|||||
|
Month |
|||||
|
January |
February |
March |
Quarter |
|
|
Units to be produced |
9,000 |
9,830 |
9,230 |
28,060 |
|
Multiply by: Quantity (pounds) of DM needed per unit |
2 |
2 |
2 |
2 |
|
Quantity (pounds) needed for production |
18,000 |
19,660 |
18,460 |
56,120 |
|
Plus: Desired ending inventory of DM |
3,932 |
3,692 |
3,764 |
3,764 |
|
Total quantity (pounds) needed |
21,932 |
23,352 |
22,224 |
59,884 |
|
Less: Beginning inventory of DM |
3,600 |
3,932 |
3,692 |
3,600 |
|
Quantity (pounds) to purchase |
18,332 |
19,420 |
18,532 |
56,284 |
|
Multiply by: Cost per pound |
$1.50 |
$1.50 |
$1.50 |
$1.50 |
|
Total cost of DM purchases |
$27,498 |
$29,130 |
$27,798 |
$84,426 |
Requirement 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. (Use the accounts payable balance at December 31 of prior year for the prior month payment in January.) (Round your answers to the nearest whole dollar.)
|
Dalton Manufacturing |
||||||
|
Cash Payments for Direct Materials Budget |
||||||
|
For the Quarter Ended March 31 |
||||||
|
Month |
||||||
|
January |
February |
March |
Quarter |
|
|
20% of current month DM purchases |
||||
|
80% of last month's DM purchases |
||||
|
Total cash payments |
Addititonal Data:
| Actual sales in December were $76,000. Selling price per unit is projected to remain stable at $9per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows:
|
||||||||||
|
b. |
Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale. | |||||||||
|
c. |
Dalton Manufacturing has a policy that states that each month's ending inventory of finished goods should be 10% of the followingmonth's sales (in units). |
|||||||||
|
d. |
Of each month's direct material purchases, 20% are paid for
in the month of purchase, while the remainder is paid for in the
month following purchase.Two pounds of direct material is needed
per unit at $ 1.50$1.50 per pound. Ending inventory of direct materials should be 20% of next month's production needs. |
|||||||||
|
e. |
Most of the labor at the manufacturing facility is indirect,
but there is some direct labor incurred. The direct labor hours per
unit is 30.03.The direct labor rate per hour is $13 per hour. All
direct labor is paid for in the month in which the work is
performed. The direct labor total cost for each of the upcoming
three months is as follows:
|
|||||||||
|
f. |
Monthly manufacturing overhead costs are $6,500 |
|||||||||
|
g. |
Computer equipment for the administrative offices will be
purchased in the upcoming quarter. In January, Dalton
Manufacturing will purchase equipment for $5,800 (cash), while February's cash expenditure will be $11,600 andMarch's cash expenditure will be $15,800. |
|||||||||
|
h. |
Operating expenses are budgeted to be $1.20 per unit sold plus fixed operating expenses of $1,400 per month. All operating expenses are paid in the month in which they are incurred. No depreciation is included in these figures. | |||||||||
|
i. |
Depreciation on the building and equipment for the general and administrative offices is budgeted to be $4,700 for the entirequarter, which includes depreciation on new acquisitions. | |||||||||
|
j. |
Dalton Manufacturing has a policy that the ending cash balance in each month must be at least $4,400. It has a line of credit with a local bank. The company can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $140,000. The interest rate on these loans is 11% per month simple interest(not compounded). The company would pay down on the line of credit balance in increments of $1,000if it has excess funds at the end of the quarter. The company would also pay the accumulated interest at the end of the quarter on the funds borrowed during the quarter. |
|||||||||
|
k. |
The company's income tax rate is projected to be 30% of operating income less interest expense. The company pays $10,800 cash at the end of February in estimated taxes. |
I only need help with requirement 4
In: Accounting
Your patient is a 42-year-old female that arrives in the ED with complaints of fever and not feeling well. She is currently undergoing chemotherapy for bladder cancer. She has an indwelling urinary catheter with scant amount of dark, foul smelling urine. She has a temperature of 102.2F, HR 136, BP 110/50 and RR 28. She is allergic to penicillin and Sulfa.
In: Nursing
Last year, the mean dollar spent for online purchases on the AMAZING WEBSITE for the week (7 days) before Labor Day among customers who use their Vista Charge Card was $350. The population standard deviation is not known. Because of increased use of on-line purchasing, Vista’s Vice President of Electronic Marketing believes that purchasing on the AMAZING WEBSITE has changed. He randomly selects 100 customer accounts. The results of the sample found that customers that used Vista charge card spent a mean dollar amount of $295 on purchases with s = $55. (use alpha 1%)
a) State the null and alternative hypothesis in symbols and in words. (3pts)
b) Calculate the expected results for the hypothesis test sampling distribution, assuming the null hypothesis is true. (i.e., name and graph of sampling distribution, mean and standard error) (3pts)
c) Identify the standard distribution that best approximates the sampling distribution. (1pts)
d) Formulate the decision rule(use can use either critical test scores or p-values) (3pts)
e) Determine the statistical results: test statistic, critical test statistic and p-value ( 6pts)
f) Determine the conclusion in terms of the null and alternative hypotheses. Do the sample results indicate that the vice president’s claim is supported at alpha = 1%?
In: Statistics and Probability
Note: This problem is for the 2018 tax year.
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a paralegal for a law firm.
During 2018, the Deans had the following receipts:
|
Wanda was previously married to John Allen. When they divorced several years ago, Wanda was awarded custody of their two children, Penny and Kyle. (Note: Wanda has never issued a Form 8332 waiver.) Under the divorce decree, John was obligated to pay alimony and child support—the alimony payments were to terminate if Wanda remarried.
In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus. As the driver was clearly at fault, the owner of the bus, Roadrunner Touring Company, paid her medical expenses (including a one-week stay in a hospital). To avoid a lawsuit, Roadrunner also transferred $90,000 to her in settlement of the personal injuries she sustained.
The Deans had the following expenditures for 2018:
|
The life insurance policy was taken out by Lance several years ago and designates Wanda as the beneficiary. As a part-time employee, Wanda is excluded from coverage under her employer's pension plan. Consequently, she provides for her own retirement with a traditional IRA obtained at a local trust company. Because the mayor is a member of the local Chamber of Commerce, Lance felt compelled to make the political contribution.
The Deans' household includes the following, for whom they provide more than half of the support:
|
Penny graduated from high school on May 9, 2018, and is undecided about college. During 2018, she earned $8,500 (placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wanda's widower father who died on January 20, 2018. For the past few years, Wayne qualified as a dependent of the Deans.
Federal income tax withheld is $5,200 (Lance) and $2,100 (Wanda). The proper amount of Social Security and Medicare tax was withheld.
Required:
Determine the Federal income tax for 2018 for the Deans on a joint return by providing the following information that would appear on Form 1040 and Schedule A. They do not want to contribute to the Presidential Election Campaign Fund. All members of the family had health care coverage for all of 2018. If an overpayment results, it is to be refunded to them.
Make realistic assumptions about any missing data.
Enter all amounts as positive numbers.
If an amount box does not require an entry or the answer is zero, enter "0".
When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar.
In: Accounting
Consider a 3 year bond with a face value is $1,000 and a 10% coupon rate
a) If the current interest rate is 2%, what should be the price of the bond?
b) If you could purchase the bond for $1,100, is the yield you are getting higher or lower than 2%? How can you tell?
c) Assume you purchase the bond for $1,100 and hold if for one year. You collect one coupon payment and then sell the bond for $980. What is your rate of return?
In: Economics