Questions
Financing Deficit Stevens Textile Corporation's 2016 financial statements are shown below: Balance Sheet as of December...

Financing Deficit

Stevens Textile Corporation's 2016 financial statements are shown below:

Balance Sheet as of December 31, 2016 (Thousands of Dollars)

Cash $ 1,080 Accounts payable $ 4,320
Receivables 6,480 Accruals 2,880
Inventories 9,000 Line of credit 0
   Total current assets $16,560 Notes payable 2,100
Net fixed assets 12,600    Total current liabilities $ 9,300
Mortgage bonds 3,500
Common stock 3,500
Retained earnings 12,860
   Total assets $29,160    Total liabilities and equity $29,160

Income Statement for January 1 - December 31, 2016 (Thousands of Dollars)

Sales $36,000
Operating costs 32,440
   Earnings before interest and taxes $ 3,560
Interest 460
   Pre-tax earnings $ 3,100
Taxes (40%) 1,240
Net income $ 1,860
Dividends (45%) $  837
Addition to retained earnings $ 1,023
  1. Suppose 2017 sales are projected to increase by 20% over 2016 sales. Use the forecasted financial statement method to forecast a balance sheet and income statement for December 31, 2017. The interest rate on all debt is 10%, and cash earns no interest income. Assume that all additional debt in the form of a line of credit is added at the end of the year, which means that you should base the forecasted interest expense on the balance of debt at the beginning of the year. Use the forecasted income statement to determine the addition to retained earnings. Assume that the company was operating at full capacity in 2016, that it cannot sell off any of its fixed assets, and that any required financing will be borrowed as a line of credit. Also, assume that assets, spontaneous liabilities, and operating costs are expected to increase by the same percentage as sales. Determine the additional funds needed. Round your answers to the nearest dollar. Do not round intermediate calculations.
    AFN $
  2. What is the resulting total forecasted amount of the line of credit? Round your answer to the nearest dollar. Do not round intermediate calculations.
    Line of credit     $

In: Finance

MERMED Inc. is a medical device manufacturer. The company’s headquarters is located in Houston, Texas. It...

MERMED Inc. is a medical device manufacturer. The company’s headquarters is located in Houston, Texas. It is a global leader in developing, manufacturing, selling and servicing diagnostic imaging and therapeutic medical devices used to diagnose and treat cardiovascular and other diseases. MERMED earned $300 million of revenue in 2015, while employing more than 10,000 people worldwide. One of it’s manufacturing plants is located in Dingle, Co. Kerry, Ireland. Tom Jones is the plant manager at the Dingle facility. The Dingle site runs 12 hour shifts, 7 days a week. It has 1000 employees. It manufactures a variety of of medical devices (including Class III devices). A number of it's products are sold in the US and European markets. The facility has a Quality Management System in place. Their Quality Management System is in compliance with ISO 13485:2016 and 21 CFR 820. Their facility is frequently audited by Notified Bodies and the FDA. The site was recently audited by corporate. The corporate auditing team were checking the site's compliance with ISO 13485:2016 and 21 CFR 820. The auditors found a number of potential non-conformances to ISO 13485:2016 and 21 CFR 820. You must complete 4 tasks (for each of the 5 incidents/questions): 1. Review each of these potential non-conformances (5 incidents in total) 2. Determine if they are non-conformances against the requirements of the ISO13485:2016 AND 21 CFR 820. 3. If they are non-compliances, write down the specific clause numbers in ISO 13485:2016 AND specific section number of 21 CFR 820 which is applicable (write down the main clause/section in each regulation that the non-compliance is against). 4. Briefly EXPLAIN your decision.

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In: Operations Management

MERMED Inc. is a medical device manufacturer. The company’s headquarters is located in Houston, Texas. It...

MERMED Inc. is a medical device manufacturer.

The company’s headquarters is located in Houston, Texas. It is a global leader in developing, manufacturing, selling and servicing diagnostic imaging and therapeutic medical devices used to diagnose and treat cardiovascular and other diseases. MERMED earned $300 million of revenue in 2015, while employing more than 10,000 people worldwide. One of it’s manufacturing plants is located in Dingle, Co. Kerry, Ireland. Tom Jones is the plant manager at the Dingle facility.

The Dingle site runs 12 hour shifts, 7 days a week. It has 1000 employees. It manufactures a variety of of medical devices (including Class III devices). A number of it's products are sold in the US and European markets. The facility has a Quality Management System in place. Their Quality Management System is in compliance with ISO 13485:2016 and 21 CFR 820. Their facility is frequently audited by Notified Bodies and the FDA.
The site was recently audited by corporate. The corporate auditing team were checking the site's compliance with ISO 13485:2016 and 21 CFR 820. The auditors found a number of potential non-conformances to ISO 13485:2016 and 21 CFR 820.

You must complete 4 tasks (for each of the 5 incidents/questions):

1.   Review each of these potential non-conformances (5 incidents in total)

2.   Determine if they are non-conformances against the requirements of the ISO13485:2016 AND 21 CFR 820.

3.   If they are non-compliances, write down the specific clause numbers in ISO 13485:2016 AND specific section number of 21 CFR 820 which is applicable (write down the main clause/section in each regulation that the non-compliance is against).

4.   Briefly EXPLAIN your decision.

The design file for the medical Device Alpha 04 was reviewed. The company has not analyzed the service log, problem reports, or other quality sources to verify the effectiveness of each design change and documented the results of the company's analysis.

In: Operations Management

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2. What is the job of the Federal Deposit Insurance Corporation (FDIC)?

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4. What is a subprime mortgage?

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Name the 3 factors that influence margin of error for the mean of a continuous random...

Name the 3 factors that influence margin of error for the mean of a continuous random variable and how each factor needs to change to lower it. One of the 3 factors actually does 2 things in reducing the margin of error, name both of those things.

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a) Lewis structure

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d) hybridization of the central atom

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Using linux; how would you construct a void function using strfttime() to display time. Also a...

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Thank you in advance!

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