An insulated, rigid vessel is initially empty (evacuated). However, it is connected to a steam line that is maintained at 200 psia and 745 ∘ ∘ F. The valve is opened until the flow into the tank slows and stops (which occurs when the pressure in the tank is equal to the pressure in the steam line), at which point the valve is closed. What is the temperature within the vessel?
In: Mechanical Engineering
Explain why government budget deficits crowd out private investment spending in a closed economy, but crowd out net exports in a small open economy. Assume prices are flexible and that factors of production are fully employed in both economies. Use the basic version of the open-economy model that abstracts from foreign debt accumulation.
In: Economics
An organ pipe is 151cm\; cm long. The speed of sound in air is 343 m/s. Part A: What are the fundamental and first three audible overtones if the pipe is closed at one end? What are the fundamental and first three audible overtones if the pipe is open at both ends? Express awnsers to 3 signiicant figures seperated by commas
In: Physics
QualSupport Corporation manufactures seats for automobiles, vans, trucks, and various recreational vehicles. The company has a number of plants around the world, including the Denver Cover Plant, which makes seat covers.
Ted Vosilo is the plant manager of the Denver Cover Plant but also serves as the regional production manager for the company. His budget as the regional manager is charged to the Denver Cover Plant.
Vosilo has just heard that QualSupport has received a bid from an outside vendor to supply the equivalent of the entire annual output of the Denver Cover Plant for $35 million. Vosilo was astonished at the low outside bid because the budget for the Denver Cover Plant’s operating costs for the upcoming year was set at $52 million. If this bid is accepted, the Denver Cover Plant will be closed down.
The budget for Denver Cover’s operating costs for the coming year is presented below.
|
Denver Cover Plant |
||
| Materials | $ 14,000,000 | |
| Labor: | ||
| Direct | $13,100,000 | |
| Supervision | 900,000 | |
| Indirect plant | 4,000,000 | 18,000,000 |
| Overhead: | ||
| Depreciation—equipment | 3,200,000 | |
| Depreciation—building | 7,000,000 | |
| Pension expense | 5,000,000 | |
| Plant manager and staff | 800,000 | |
| Corporate expenses* | 4,000,000 | 20,000,000 |
| Total budgeted costs | $52,000,000 | |
*Fixed corporate expenses allocated to plants and other operating units based on total budgeted wage and salary costs. |
||
Additional facts regarding the plant’s operations are as follows:
Due to Denver Cover’s commitment to use high-quality fabrics in all of its products, the Purchasing Department was instructed to place blanket purchase orders with major suppliers to ensure the receipt of sufficient materials for the coming year. If these orders are canceled as a consequence of the plant closing, termination charges would amount to 20% of the cost of direct materials.
Approximately 400 plant employees will lose their jobs if the plant is closed. This includes all of the direct laborers and supervisors as well as the plumbers, electricians, and other skilled workers classified as indirect plant workers. Some would be able to find new jobs while many others would have difficulty. All employees would have difficulty matching Denver Cover’s base pay of $18.80 per hour, which is the highest in the area. A clause in Denver Cover’s contract with the union may help some employees; the company must provide employment assistance to its former employees for 12 months after a plant closing. The estimated cost to administer this service would be $1.5 million for the year.
Some employees would probably choose early retirement because QualSupport has an excellent pension plan. In fact, $3 million of the annual pension expense would continue whether Denver Cover is open or not.
Vosilo and his staff would not be affected by the closing of Denver Cover. They would still be responsible for administering three other area plants.
If the Denver Cover Plant were closed, the company would realize about $3.2 million salvage value for the equipment and building. If the plant remains open, there are no plans to make any significant investments in new equipment or buildings. The old equipment is adequate and should last indefinitely.
Without regard to costs, identify the advantages to QualSupport Corporation of continuing to obtain covers from its own Denver Cover Plant.
QualSupport Corporation plans to prepare a financial analysis that will be used in deciding whether or not to close the Denver Cover Plant. Management has asked you to identify:
The annual budgeted costs that are relevant to the decision regarding closing the plant (show the dollar amounts).
The annual budgeted costs that are irrelevant to the decision regarding closing the plant and explain why they are irrelevant (again show the dollar amounts).
Any nonrecurring costs that would arise due to the closing of the plant, and explain how they would affect the decision (again show any dollar amounts).
Looking at the data you have prepared in (2) above, what is the financial advantage (disadvantage) of closing the plant? Show computations and explain your answer.
Identify any revenues or costs not specifically mentioned in the problem that QualSupport should consider before making a decision.
In: Advanced Math
| The company
produces seats for auto, vans, trucks, and boats. The company has
several plants, including the New Jersey plant, which makes car covers. Goodman is the plant manager at the New Jersey plant but also serves as the production manager. Goodman has just heard that Rutgers company has received a bid from an outside vendor to offer the same amount of the entire annual output of the New Jersey plant for $21 million. Goodman was surprised at the low outside bid due to that the budget for the New Jersey Plant's operating costs for the coming year was set at $24.3 million. if this bid is accepted by the plant, the New Jersey plant will go out of bankruptcy. The budget for the New Jersy plant's operating costs for the next year is below. Additional information is given as follows. |
||
| 1. Due to
the New Jersey plant prefer high-quality for all products, the
purchasing department prefers to place orders of good materials for the coming year. If these orders are canceled as consequence of the plant closing, termination fees would amount to 25% of the cost of direct materials. |
||
| 2. Around
350 employees will become unemployed if the plant is closed, which
contain all of the direct laborers and supervisors, management and
staff, and the plumbers, electricians, and other skilled workers
classified as indirect plant workers. Some of the workers would have difficulty finding new jobs. Nearly all the production labors would have difficulty matching the New Jersey plant at $12.5 per hour, which is the highest. Rutgers Company should provide some assistance and job training to its former employees for 12 months after closing a plant. The estimated fees for this service would be $0.8 million. |
||
| 3. Some
employees might choose early retirement because Rutgers Company has
a good pension plan. Actually, $0.7 million of the annual pension expense would continue whether the New Jersey plant is open or not |
||
| 4. Goodman and his coworkers would not be affected by the closing of the New Jersey plant, they would still be responsible for three other area plants | ||
| 5. If the New Jersey plant were closed, Rutgers Company would realize about $2 million salvage value for the equipment in the plant. If the plant remains open, there are no plans to make any significant investments in new equipment or buildings. The old equipment is adequate for the job and should last indefinitely. | ||
| New Jersey Plant | ||
| The annual budget for costs | ||
| Materials | $80,000,000.00 | |
| Labor: | ||
| Direct | $6,700,000.00 | |
| Supervison | $400,000.00 | |
| Indirect Plant | $1,900,000.00 | $9,000,000.00 |
| MOH: | ||
| Deprecation for equipments | $1,300,000.00 | |
| Deprecation for buildings | $2,100,000.00 | |
| Pension expense | $1,600,000.00 | |
| Plant manager and staff | $600,000.00 | |
| Corporate expense | $1,700,000.00 | $7,300,000.00 |
| Total | $24,300,000.00 | |
| *Fixed expenses are allocated to plants and other operating units based on total budgeted wage and salary costs. | ||
| Questions: | ||
| 1.Without regard to costs, find the merits to Rutgers Company of continuing to obtain products from the New Jersey plant. | ||
| 2. Company
is about to prepare a financial analysis that will be used in deciding whether or not to close the New Jersey Plant. CEO has asked you to pay attention to items: a.Show the annual budgeted costs to make the decision about the closing of the New Jersey plant. b.Present the annual budgeted costs that are not relevant to the decision regarding the closing of New Jersey the plant and explain why they are not relevant. c.There are nonrecurring costs that would arise due to the closing of the plant and please explain how they would affect the decision. |
||
| 3.Please
refer to the data you have prepared in (2) above, do you think the
New Jersey plant be closed? Show computations and please explain your answer. |
||
| 4.Please find any sales revenues or costs not specifically provided in the information that Rutgers Compnay should consider before making a decision. | ||
| 5.What suggestions do you think about reducing the costs? | ||
In: Accounting
what are the skills, knowledge and chnge behaviour of the
ARTIFACT 1
Case 1: Metrobus Strike
The amalgamated Transit Union (ATU) represents about 100 workers (e.g., drivers, mechanics, administrative staff) employed with Metrobus, a city-wide transit authority. On November 3, after the parties failed to negotiate a settlement, the union conducted a vote. In an overwhelming majority, 97 percent voted to reject the contract offer and go on strike. On November 4, picket lines were assembled at the worksite and all bus services were suspended.
The main reason for the strike appears to centre on the cost of benefits. While the employer has offered to increase wages by 15.5 percent over four years, management Is asking that all newly hired workers pay for 50 percent of their benefit plan costs. The employer feels that this 50/50 cost sharing of benefits is reasonable and consistent with other collective agreements. For example, numerous public-sector employees such as city employees, firefighters, and regional water employees all pay 50 percent of their benefit costs. The union, on the other hand, feels that this benefit sharing is unacceptable and unfair.
As a result of the strike, many potentially vulnerable citizens, such as students, seniors, and lower-income earners who cannot afford their own vehicles, are left with few transportation options during the winter. They now have to rely on getting rides with others, paying the high cost of cabs, or even not showing up to work or school. Students of the university even set up a ride-sharing website where they could attempt to coordinate rides during the strike.
Six weeks into the strike, the level of frustration has mounted. The mayor of the city, Dennis O’Keefe, has publicly urged both sides to settle the dispute and other councillors seem hopeful the that the government-appointed mediator will help resolve the issue. There have even been public protests and petitions asking the provincial government to legislate an end to the strike. Despite the frustration, the strike remains in full force with no foreseeable end.
ARTIFACT 1
Case 1: Metrobus Strike
The amalgamated Transit Union (ATU) represents about 100 workers (e.g., drivers, mechanics, administrative staff) employed with Metrobus, a city-wide transit authority. On November 3, after the parties failed to negotiate a settlement, the union conducted a vote. In an overwhelming majority, 97 percent voted to reject the contract offer and go on strike. On November 4, picket lines were assembled at the worksite and all bus services were suspended.
The main reason for the strike appears to centre on the cost of benefits. While the employer has offered to increase wages by 15.5 percent over four years, management Is asking that all newly hired workers pay for 50 percent of their benefit plan costs. The employer feels that this 50/50 cost sharing of benefits is reasonable and consistent with other collective agreements. For example, numerous public-sector employees such as city employees, firefighters, and regional water employees all pay 50 percent of their benefit costs. The union, on the other hand, feels that this benefit sharing is unacceptable and unfair.
As a result of the strike, many potentially vulnerable citizens, such as students, seniors, and lower-income earners who cannot afford their own vehicles, are left with few transportation options during the winter. They now have to rely on getting rides with others, paying the high cost of cabs, or even not showing up to work or school. Students of the university even set up a ride-sharing website where they could attempt to coordinate rides during the strike.
Six weeks into the strike, the level of frustration has mounted. The mayor of the city, Dennis O’Keefe, has publicly urged both sides to settle the dispute and other councillors seem hopeful the that the government-appointed mediator will help resolve the issue. There have even been public protests and petitions asking the provincial government to legislate an end to the strike. Despite the frustration, the strike remains in full force with no foreseeable end.
In: Operations Management
Chapter 9 Adjusting and Closing Entries for Governmental Activities, Government-wide Level; Preparation of Government-wide and Major Fund Financial Statements
Based on general capital assets assigned to specific functions, depreciation expense related to equipment and infrastructure is allocated to functions as shown below:
Equipment Infrastructure
General Government $ 53,320
Public Safety 213,408
Public Works 138,715 $ 98,620
Health and Welfare 53,320
Culture and Recreation 74,357
Totals $533,120 $ 98,620
In addition, depreciation expense for buildings in the amount of $188,900 is allocated to functions according to the percentage of total floor space of buildings used by each function. The Public Works director has provided the following information for the current year:
Percentage of Building
Floor Space Used
General Government 20%
Public Safety 35
Public Works 22
Health and Welfare 10
Culture and Recreation 13
Total 100%
Required: [Para. 9-a] Record depreciation expense for the year 2020 in the governmental activities general journal at the government-wide level. Verify accuracy of the adjusting entries and post to the general ledger by clicking [Post entries].
b. Closing Entries. Although closing entries were made in each fund in Chapters 4 through 6 of this cumulative problem, they have not yet been recorded at the government-wide level.
Required: Record the journal entries required on December 31, 2020, to close all temporary accounts for governmental activities at the government-wide level. These entries should also recognize changes in the accounts Net Position—Net Investment in Capital Assets, Net Position—Restricted for Public Safety (see General Fund), Net Position—Restricted for Capital Projects (see Capital Projects Fund to calculate net position), and Net Position—Restricted for Debt Service (see Debt Service Fund to calculate net position). (Note: Be sure to deduct accrued interest on long-term debt in calculating the December 31, 2020 balance of Net Position—Restricted for Debt Service. If accrued interest is greater than net position there is no restriction on net position.) For each account to be closed or reclassified, be sure to click on the checkbox for [Closing entry] to select it. The [Closing Entry] checkbox appears next to the [Add credit] field. Post the closing entries to the general ledger by clicking on [Post entries].
[Notes: The City of Smithville is a primary government and has no other organizations for which it is accountable as component units. Also, the FY 2021 financial information for the Street Improvement Debt Service Fund is not included in any of the basic financial statements you are preparing, as the statements you are preparing pertain only to FY 2020.]
In: Accounting
PRINCE Company has the following opening account balances in its general and subsidiary ledgers on March 1st, 2020. The Company uses the periodic inventory system. All accounts have normal debit and credit balances.
General Ledger
|
|
March 1st ,2020 |
|
Cash |
50,625 |
|
Accounts Receivable |
19,500 |
|
Notes receivable |
58,500 |
|
Merchandise Inventory |
30,000 |
|
Office Supplies |
1,500 |
|
Prepaid Insurance |
3,000 |
|
Equipment |
9,675 |
|
Accumulated Depreciation-Equipment |
2,250 |
|
Accounts Payable |
52,500 |
|
Share Capital-Ordinary |
105,000 |
|
Retained Earnings |
13,050 |
|
Accounts Receivable |
$ |
|
Apple Green |
6,500 |
|
Fortune D.C. |
8,500 |
|
Westly N. R. |
4,500 |
|
19,500 |
|
|
Accounts Payable |
$ |
|
Brothers Inc. |
23,800 |
|
DeeBeeDee |
19,500 |
|
Heaven Trade |
9,200 |
|
52,500 |
The following transactions take place in the month of March 2020.
Jan 1 Purchased merchandise from Heaven Trade $3,500, FOB shipping point, 2/15, n/45.
1 Paid 12-month fire insurance $7,200, covering year 2020.
3 Received checks for $4,500 from Westly N.R. and paid $350 to Quick Delivery for the freight on merchandised purchased on January 1st.
5 Sent a credit memo of $200 to Fortune D.C. for the allowance granted on unsatisfied merchandise.
8 Sold merchandise of $3,600 to Zooick, terms FOB destination, 1/8, n/15. The relevant delivery charge, $400, was paid.
9 Sent a check of $4,900, after a 2% discount, to Heaven Trade. Also, paid DeeBeeDee in full.
9 Received payment in full from Apple Green and Fortune D.C..
12 Paid rent of $2,500 for January.
13 Sold merchandise on account to Apple Green $1,900 and Westly N. R. $900, terms 1/8, n/20.
15 Paid Heaven Trade for the Jan.1 purchase.
16 Purchased merchandise on account from DeeBeeDee $15,000, terms 5/5, n/30.
17 Paid $600 cash for office supplies.
18 Returned $1,000 of inferior quality merchandise to DeeBeeDee and receive credit.
20 Cash sales totaled $17,500.
22 Received payment from Apple Green and Zooick.
22 Paid Brothers Inc. $15,300, no discount taken. Also paid DeeBeeDee.
25 Paid salaries of $8,300.
26 Sold merchandise to SunWing, $16,800, terms 1/EOM, n/30.
31 Received from Zooick a down payment of $10,000 for merchandise specifically ordered to its request.
Other information available on January 31st, 2020
Required:
(30.5 marks)
(19.5 marks)
In: Accounting
PRINCE Company has the following opening account balances in its general and subsidiary ledgers on March 1st, 2020. The Company uses the periodic inventory system. All accounts have normal debit and credit balances.
General Ledger
|
|
March 1st ,2020 |
|
Cash |
50,625 |
|
Accounts Receivable |
19,500 |
|
Notes receivable |
58,500 |
|
Merchandise Inventory |
30,000 |
|
Office Supplies |
1,500 |
|
Prepaid Insurance |
3,000 |
|
Equipment |
9,675 |
|
Accumulated Depreciation-Equipment |
2,250 |
|
Accounts Payable |
52,500 |
|
Share Capital-Ordinary |
105,000 |
|
Retained Earnings |
13,050 |
|
Accounts Receivable |
$ |
|
Apple Green |
6,500 |
|
Fortune D.C. |
8,500 |
|
Westly N. R. |
4,500 |
|
19,500 |
|
|
Accounts Payable |
$ |
|
Brothers Inc. |
23,800 |
|
DeeBeeDee |
19,500 |
|
Heaven Trade |
9,200 |
|
52,500 |
The following transactions take place in the month of March 2020.
Jan 1 Purchased merchandise from Heaven Trade $3,500, FOB shipping point, 2/15, n/45.
1 Paid 12-month fire insurance $7,200, covering year 2020.
3 Received checks for $4,500 from Westly N.R. and paid $350 to Quick Delivery for the freight on merchandised purchased on January 1st.
5 Sent a credit memo of $200 to Fortune D.C. for the allowance granted on unsatisfied merchandise.
8 Sold merchandise of $3,600 to Zooick, terms FOB destination, 1/8, n/15. The relevant delivery charge, $400, was paid.
9 Sent a check of $4,900, after a 2% discount, to Heaven Trade. Also, paid DeeBeeDee in full.
9 Received payment in full from Apple Green and Fortune D.C..
12 Paid rent of $2,500 for January.
13 Sold merchandise on account to Apple Green $1,900 and Westly N. R. $900, terms 1/8, n/20.
15 Paid Heaven Trade for the Jan.1 purchase.
16 Purchased merchandise on account from DeeBeeDee $15,000, terms 5/5, n/30.
17 Paid $600 cash for office supplies.
18 Returned $1,000 of inferior quality merchandise to DeeBeeDee and receive credit.
20 Cash sales totaled $17,500.
22 Received payment from Apple Green and Zooick.
22 Paid Brothers Inc. $15,300, no discount taken. Also paid DeeBeeDee.
25 Paid salaries of $8,300.
26 Sold merchandise to SunWing, $16,800, terms 1/EOM, n/30.
31 Received from Zooick a down payment of $10,000 for merchandise specifically ordered to its request.
Other information available on January 31st, 2020
Required:
Prepare the Income Statement for the month ended March 31st, 2020, the Statement of Financial Position as of that date.
There no adjusted trial balance.
In: Accounting
1. The decomposition reaction of carbon disulfide, CS2, to carbon monosulfide, CS, and sulfur is first order with k = 2.8x10-7 s -1 at 1000˚C. CS2....> CS + S
a) What is the half life of this reaction at 1000˚C?
b) How many days would pass before a 2.00 g sample of CS2 had decomposed to the extent that 0.75 g of CS2 remains?
c) Refer to part b). How many grams of CS would be present after this length of time?
d) How much of a 2.00 g sample of CS2 would remain after 45.0 days?
2- The decomposition reaction of NOBr(g) to 2 NO(g) and Br2(g) is second order with k = 0.80 M-1 ∙s -1 . 2 NOBr(g)......>2 NO(g) + Br2(g)
a) What is the half-life of this reaction if the initial concentration of NOBr is 0.68 M?
b) How much time would pass before a 2.00 g sample of NOBr held in a 0.255 L flask had decomposed to the extent that 0.65 g of NOBr remains?
c) Refer to part b). How many grams of Br2 would be present after this length of time?
d) How much of a 2.00 g sample of NOBr would remain after thirteen seconds?
3- a) A student performed a calorimetry experiment. He combined 50.0 mL of water at 85˚C and 50.0 mL of water at 22˚C in a coffee cup calorimeter. The final temperature of the water was 45˚C. What was the heat capacity of the calorimeter?
b) The same calorimeter was used to find the specific heat of a metal. He heated 95.22 grams of the metal in a boiling water bath (99˚C). After adding this hot metal to 100.0 mL of 21˚C water in the calorimeter, the final temperature reached 29˚C. What is the metal’s specific heat?
In: Chemistry