Questions
the most frequently broken bone in the body is the what is the most frequent broken...

the most frequently broken bone in the body is the

what is the most frequent broken bone in the body?

In: Anatomy and Physiology

The most common attributes of a book are the Book Title, and ISBN. The most common...

The most common attributes of a book are the Book Title, and ISBN. The most common functions are to set the Book Title, and ISBN,

Write the code to implement this problem.

1. Write the UML Diagram that represents this class Book

2. Use code blocks editor and in C++

Write a header file Book with these properties.

Write the implementation file for the member functions.

In: Computer Science

Most of the time contractors bear most of the consequences in a project. What are some...

Most of the time contractors bear most of the consequences in a project. What are some consequences that clients have to face during projects that contractors do not face?

In: Civil Engineering

Glak Love Jewelry Design & Mfg. Revenues First Month of Operations: 10,000 units sold at $10...

Glak Love Jewelry Design & Mfg.

Revenues

First Month of Operations: 10,000 units sold at $10 per unit.

Second Month of Operations: 20,000 units sold. The first 10,000 at $10 per unit, and the second 10,000 at $8 per unit.

Third Month of Operations: 40,000 units sold at $6 per unit.

Cash Flow characteristics: Goods are shipped at the end of the month are paid to the Company at the end of the following month by the customer.

Cost of Goods Sold is made up of three components:

            Direct Materials - -$2 per unit

            Direct Labor---$3 per unit, renegotiated to $2 in the third month with new pricing

            Fixed Machinery and Mfg. machinery and space rental costs---$10,000 per month, $15,000 with new labor price in month 3

            Cash flow characteristics: Mfg. is outsourced to a different organization and all costs are paid the next month following the month they are produced – i.e. paid the next month after the month they are received.

Operating Expenses: the remainder of the company’s expenses includes the following:

Salaries for office staff and the Owner are fixed at $120,000 per year or $10,000 per month. $50,000 of the total goes to the owner

Advertising is a fixed rate contract with an internet services firm which provides the company with secure servers, web analytics and Search Engine Optimization services for $3000 per month.

Office Rental is a fixed yearly rental contract for the administrative offices which costs the company $4500 per month.

Insurance is a fixed rate contract for insurance on the plant property and equipment is $1000 per month.

Cash flow characteristics: All operating expenses are paid during the month that they are incurred.

Ownership and Taxation: The Company is owned by a single individual who is paid a salary of $50,000 per year. The following tax rates are in affect for the purposes of calculating tax on taxable income:

Corporate Tax Rate: 30%

Individual Tax Rate: 40%

Dividend Tax Rate: 15%

Appendix Continued:

Opening

First Month

Second Month

Balance Sheet

Income Statement

Cash Flow

Balance Sheet

Income Statement

Cash Flow

Balance Sheet

Cash

           75,000

Revenues

100,000

0

56,500

180,000

100,000

78,000

Accounts Receivable

      Direct materials

20,000

0

100,000

40,000

0

180,000

            

      Direct Labor

30,000

0

60,000

0

Total Assets

           75,000

A

      Machinery rent

10,000

156,500

10,000

0

258,000

Accounts Payable

=

Cost of Goods Sold

60,000

AP 60,000

110,000

(60,000)

AP 110,000

L

      Salary

10,000

(10,000)

10,000

(10,000)

Owners’ Equity

+

      Advertising

3,000

(3,000)

3,000

(3,000)

       Owners    Capital

           75,000

      Office Rental

4,500

(4,500)

75,000

4,500

(4,500)

75,000

       Retained Earnings

      Insurance

1,000

(1,000)

21,500

1,000

(1,000)

73,000

Total Owners Equity

           75,000

OE

Operating expenses

18,500

96,500

18,500

148,000

Net Pre-tax Profit

21,500

156,500

51,500

21,500

258,000

Third Month

Income Statement

Cash Flow

Balance Sheet

Cash

Revenues

240,000

180,000

129,500

Accounts Receivable

      Direct materials

80,000

0

240,000

      Direct Labor

80,000

0

Total Assets

A

      Machinery rent

15,000

0

369,500

Accounts Payable

=

Cost of Goods Sold

175,000

(110,000)

AP 175,000

L

      Salary

10,000

(10,000)

Owners’ Equity

+

      Advertising

3,000

(3,000)

       Owners    Capital

      Office Rental

4,500

(4,500)

75,000

       Retained Earnings

      Insurance

1,000

(1,000)

119,500

Total Owners Equity

OE

Operating expenses

18,500

194,500

Net Pre-tax Profit

46,500

51,500

369,500

Breakeven

Income Statement

Revenues

      Direct materials

      Direct Labor

      Machinery rent

Cost of Goods Sold

      Salary

      Advertising

      Office Rental

      Insurance

Operating expenses

Net Pre-tax Profit

Calculate Breakeven for the first month at $10 per unit

Calculate for the Third Month:

                  Current Assets

                  Current Liabilities

                  Current Ratio

                  Owners’ Equity

Cost of Goods Sold

Gross Profit Margin

In: Accounting

Assume a stock market bubble has just burst in the U.S., reducing consumer wealth: Graphically illustrate...

Assume a stock market bubble has just burst in the U.S., reducing consumer wealth:

Graphically illustrate the effects in the: (18 points)

Long-run model with an open economy

IS-LM and AD-AS model with an open economy using classical Real Business Cycle assumptions, distinguish short-run vs. long-run adjustments where appropriate

IS-LM and AD-AS model with an open economy using Keynesian assumptions, distinguish short-run vs. long-run adjustments where appropriate

For all three, do you get the same final long-run results? Explain. Your answer should consider effects on output, employment, unemployment, interest rates, price level, and real wages. (12 points)

NOTE:            As you work through your analysis in each case, if there is ambiguity or uncertainty about the effect, it is most important that you: 1. Identify the ambiguity (i.e. interest rate could rise or fall, depending on which decreases more, savings or investment), 2. Make a decision (interest rate will rise), 3. Justify your decision (because savings changes by the full increase in government spending but investment depends on the effect of the change in the MPK)

In: Economics

Glavine & Co. produces a single product, each unit of which requires three direct labor hours...

Glavine & Co. produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead application rate) is 60,000 DLHs, on an annual basis. The information below pertains to the most recent year:

Standard direct labor hours (DLHs) per unit produced 3.00
Practical capacity, in DLHs (per year) 60,000
Variable overhead efficiency variance $ 20,000 unfavorable (U)
Actual production for the year 17,000 units
Budgeted fixed manufacturing overhead $ 1,200,000
Standard direct labor wage rate $ 20.00 per DLH
Total overhead cost variance for the year $ 200,000 favorable (F)
Direct labor efficiency variance $ 40,000 unfavorable (U)

Required:

1. What was the standard variable overhead rate per DLH during the year?

2. What was the total overhead application rate per direct labor hour (DLH) during the year?

3. What was the total actual overhead cost incurred during the year?

4. What was the Production Volume Variance for the year? Was this variance favorable (F) or unfavorable (U)?

5. What was the total Overhead Spending Variance for the year? Was this variance favorable (F) or unfavorable (U)?

In: Accounting

1 Despite spending more money per capita, the U.S. often falls behind other industrialized countries in...

1 Despite spending more money per capita, the U.S. often falls behind other industrialized countries in terms of health outcomes. True or False?

True

False

2 Which U.S. president is responsible for signing in a law that provided healthcare insurance coverage for the elderly and the poor?

Johnson

Truman

Kennedy

Roosevelt

3 The Consumer-Driven Health Plan (CDHP) is one of the most recent innovations in the insurance market. Which statement does NOT correctly reflect the theory related to CDHP? Select all that apply.

Consumers are empowered to make personal decisions about their coverage

Overuse of services is due to consumers not knowing the cost of the services

Consumers are cost conscious due to the risk of being responsible for payment

Internet access makes consumers more cost conscious about healthcare

Patients have a high level of knowledge to discern between cost and quality

4 Which managed care mechanism pays providers a set amount each month for each covered patient?

Capitation

Utilization review

Ambulatory care

Gatekeeping

5 Why is hospital financial planning a big problem?

Nearly all costs are indirect

There has yet to be a formula devised for it

Lack of qualified administrators

It is dependent on the population surrounding the facility

In: Nursing

Identify the resources, events, and agents involved in the revenue process at Ian's Place.

Ian's Place (The REA Model and E-R Diagrams)

Ian's place sells pet supplies to dog and cat owners. To sell its products, the marketing department requires sales personnel to call on the pet store retailers within their assigned geographic territories. Salespeople have an application on their mobile phones that allows them to record sales orders and send these sales orders directly to the company network for updating the company's sales order file.

Each day, warehouse personnel review the current sales orders in its file, and where possible, pick the goods and ready them for shipment. (Ian's Place ships goods via common carrier, and shipping terms are generally FOB from the shipping point.) When the shipping department completes a shipment, it also notifies the billing department, which then prepares an invoice for the customer. Payment terms vary by customer, but most are “net 30.” When the billing department receives a payment, the billing clerk credits the customer's account and records the cash received.

Requirements

  1. Identify the resources, events, and agents involved in the revenue process at Ian's Place. (Write a 45- to 175-word response)

In: Accounting

Consider the simple Heckscher-Ohlin model discussed in class, with two countries, two goods, and two factors,...

Consider the simple Heckscher-Ohlin model discussed in class, with two countries, two goods, and two factors, and incomplete specialization. The two countries are Turkey and Vietnam, the two factors are capital and labor, and the two goods are chemicals and apparel. You are given the following data on the factor endowments for Turkey and Vietnam. Turkey has a labor force of 75 million workers and a capital stock of 375 thousand machines. Vietnam has a labor force of 80 million workers, and a capital stock of 240 thousand machines. Assume that machines and workers are comparable units.

a) Which country is relatively capital abundant? Which country is relatively labor abundant? Explain.

b) Suppose that the production of chemicals is capital intensive relative to apparel. Which country will have comparative advantage in the production of chemicals? Explain.

c) Explain which factor gains the most in Vietnam from free trade.

d) Which group in Turkey would resist signing a free trade agreement with Vietnam: workers or capital owners?

e) Use a figure to show whether free international trade improves the standard of living in Turkey and Vietnam as a whole, or not.

In: Economics

5. Belville has a comparative advantage in the production of towels, but Russville has an absolute...

5. Belville has a comparative advantage in the production of towels, but Russville has an absolute advantage in the production of towels. If these two countries decide to trade,

a.

Russville should export towels to Belville.

b.

Without additional information about opportunity costs, this question cannot be answered.

c.

Belville should export towel to Russville.

d.

trading towels would provide no net advantage to either country.

11. For a country that chooses not to trade and remains self-sufficient

a.

the PPF is greater than the consumption possibilities frontier.

b.

the PPF is the same as the consumption possibilities frontier.

c.

the PPF is always a straight line.

d.

the PPF is less than the consumption possibilities frontier.


13. If two counties trade goods and services it's most likely because....

a.

the two countries wish to take advantage of the principle of comparative advantage.

b.

the rich residemts in each of the two countries are able to benefit, through trade, by exploiting people who are poor.

c.

some people involved in the trade do not understand that one of the two countries will become worse-off because of the trade.

d.

the opportunity costs of producing various goods are identical for the two countries.

In: Economics