A manufacturing company is producing $4,000,000 worth of goods this year and expects to sell $4,100,000. The firm actually sells $3,900,000 worth of goods. It is also planning on purchasing $2,000,000 in new equipment during the year. At the beginning of the year, the company has $400,000 in inventory in its warehouse. Answer the following based on the information above and show all your work:
f) Calculate Y
g) Calculate E
h) Based on your answers above, should the government follow
expansionary or contractionary policies and what kinds? Why?
In: Economics
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 $188,000 $349,000 $217,000 $242,000 Total cash disbursements $244,000 $226,000 $205,000 $224,000 The company's beginning cash balance for the upcoming fiscal year will be $26,400. The company requires a minimum cash balance of $10,200 and may borrow any amount needed from a local bank at a quarterly interest rate of 1.6%. 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.
In: Accounting
Jeannie is a 16-year-old female that has gone in for an evaluation of her episodes of wheezing and shortness of breath. These episodes resolve spontaneously, but her incidence of them seems to be increasing. While playing sports she is having shortness of breath and wheezing. She uses her friend’s bronchodilating inhaler on occasions when her symptoms seem especially bad, and interfere with her playing of lacrosse. Of late, Jeannie has been dealing with itchy, watery eyes and sneezing with the onset of spring.
The family lives in the suburbs but only moved there a year ago from an urban setting. The family does own a pet dog, Rusty. Her Dad smokes 2 packs of cigarettes a day. Her mother has seasonal allergy problems and because of this her mother is a fanatic about cleanliness. Neither of her siblings is having any respiratory issues.
When questioned about her use of tobacco, or marijuana, Jeannie denies using either. She is a good student that works hard and often stays up late at night. Her vital signs are “normal” but upon pulmonary auscultation, wheezing is heard on both sides of her chest during inspiration and expiration. Her coloring is normal
Please respond to each of the following
In: Nursing
In: Nursing
For the past year, you have been working as a secretary/ processor for a local construction company, XYZ Homes, which specializes in the building of low-cost, limited-option homes. You left a comfortable, good- paying job to work for XYZ because it was family- owned and operated by longtime friends.
Soon after you began working for XYZ, you noticed questionable behavior on the part of Mr. and Mrs. XYZ’s two sons, who are company salesmen. In fact, you are positive that they are falsifying documents to increase their commissions and to trick local banks into approving mortgages to customers who don’t meet credit standards.
You are trying to decide how to handle the situation when one of the sons approaches you and asks you to produce and sign a memo to a bank, falsely stating that a certain potential home buyer is credit worthy. You refuse to do so and, after much consideration, approach Mr. XYZ about the situation. To your surprise, he simply brushes off your comments as unimportant and laughingly states that “boys will be boys.”
What would you do in this situation? Is the fact that you correctly refused to produce and sign a false memo enough, or are you obligated to report these crimes to the banks and proper authorities? Discuss the options, responsibilities, and implications you are facing. ANSWER IN THREE PARAGRAPHS OR SO.
In: Accounting
The total world population in the year 1800 was 1 billion people. Today there are 7.8 billion people in the world. Year Global Population (in billions)
2017 7.511
2018 7.594
2019 7.700
2020 7.800
(a) Using the table above
calculate the average population growth rate over the past 3 years. (b) Using the growth rate from part (a), calculate in what year the world population will reach 9 billion people (round down to the nearest year). (c) List 3 stresses this rapid growth in population may put on the environment.
In: Economics
The Aluminum Association reports that the average American uses 56.8 pounds of aluminum in a year. A random sample of 50 households is monitored for one year to determine aluminum usage. If the population standard deviation of annual usage is 12.2 pounds, what is the probability that the sample mean will be each of the following?
Appendix A Statistical Tables
a. More than 58 pounds
b. More than 57 pounds
c. Between 56 and 58 pounds
d. Less than 55 pounds
e. Less than 47 pounds
(Round the values of z to 2 decimal places. Round your
answers to 4 decimal places.)
a. enter the probability that the sample mean will
be more than 58 pounds
b. enter the probability that the sample mean will
be more than 57 pounds
c. enter the probability that the sample mean will
be between 56 and 58 pounds
d. enter the probability that the sample mean will
be less than 55 pounds
e. enter the probability that the sample mean will
be less than 47 pounds
In: Statistics and Probability
Adjusting entries:
In: Accounting
The balance sheet for Stud Clothiers is shown next. Sales for
the year were $3,420,000, with 75 percent of sales sold on
credit.
|
STUD CLOTHIERS Balance Sheet 20X1 |
|||||
| Assets | Liabilities and Equity | ||||
| Cash | $ | 27,000 | Accounts payable | $ | 293,000 |
| Accounts receivable | 291,000 | Accrued taxes | 125,000 | ||
| Inventory | 308,000 | Bonds payable (long-term) | 201,000 | ||
| Plant and equipment | 393,000 | Common stock | 100,000 | ||
| Paid-in capital | 150,000 | ||||
| Retained earnings | 150,000 | ||||
| Total assets | $ | 1,019,000 | Total liabilities and equity | $ | 1,019,000 |
Compute the following ratios: (Use a 360-day year. Do not round intermediate calculations. Round your answers to 2 decimal places. Input your debt-to-total assets answer as a percent rounded to 2 decimal places.)
A- Current Ratio
B- Quick Ratio
C- Debt to total assets ratio-
D- Assest turnover-
E- Average collection period-
In: Accounting
On the last day of the fiscal year, a co-worker asks you to cut a check for $2,000 as a miscellaneous expense for supplies in order to complete a project for a VIP customer today. You notice the invoice looks a little different from other invoices that are usually processed. You know that by preparing the closing entries tomorrow, the miscellaneous expense will be set to zero for the beginning of the year.
Respond to the following in a minimum of 175 words:
In: Accounting