7. Mr Slumber Kotoko was a full-time employee of Bank of Botswana earning P200, 000.00 per year when he decided to enrol for a four year course at the University of Botswana. He can only earn P70 000.00 per year as a part time worker. What is the opportunity cost of going to University for Mr Kotoko over the four year period

Access the Bank of Canada web site to answer the four parts below.

1. [5 marks] Visit the “Statistics” tab to locate data (under Indicators) on the recent history of the following groups of monetary variables: (i) inflation control target; (ii) policy instrument; and (iii) monetary aggregates. Present monthly data of each set of variables in tabular form from January 2019 to January 2020 inclusive. (Please do not print the table directly from the website, Make a neat and precise one page table for only the months required, An MS Excel table is ideal to do this neatly and compactly.)

2. [9 marks] Explain in detail what each variable represents, use Bank of Canada’s website to find the answer to this question.

3. [9 marks] Explain the economic reasons for the evolution in the variables from January 2019 to January 2020 inclusive.

4. [7 marks] Find the Bank’s latest press release (June 2020) about overnight rates and explain why the Bank decided to change (or not to change) its target for the overnight rate. Be sure to explain the details about COVID-19. Attach the press release to your answer.

Note: 1. No plant and equipment was sold during the year.

2. Dividends of $20,000 in cash were paid during the year.

3. All sales are on credit.

REQUIRED:

Prepare a statement of cash flows for the year ended 30 June 2020 using the direct method.

Triple Threat

Statement of Cash Flows for the year ended 30 June 2020

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Cash at end of the year

1.)

The time college students spend on the internet follows a Normal distribution. At Johnson University, the mean time is 5.5 hours per day with a standard deviation of 1.1 hours per day.

1. If 100 Johnson University students are randomly selected, what is the probability that the average time spent on the internet will be more than 5.8 hours per day?
   Round to 4 places.  
   
2. If 100 Johnson University students are randomly selected, what is the probability that the average time spent on the internet is between 5.3 hour and 5.8 hours?
   Round to 4 places  
   
3. If 100 Johnson University students are randomly selected, what mean number of hours on the internet per day separated the bottom 33% and top 67% of internet usage for college students?  
   hours per day. Round to 2 places.

2.)

A manufacturer knows that their items have a normally distributed lifespan, with a mean of 10.1 years, and standard deviation of 0.5 years.

If 19 items are picked at random, 3% of the time their mean life will be less than how many years?

Give your answer to one decimal place.

  
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

1. Compute cost of goods available for sale and the number of units available for sale.

2. Compute the number of units in ending inventory.

3.Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase. (Round weighted average cost per unit to 2 decimal places.)

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase. (Round weighted average cost per unit to two decimals.)

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Required:
1. Compute cost of goods available for sale and the number of units available for sale.

2. Compute the number of units in ending inventory.

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

5-1A Perpetual: Alternative cost flows LO P1

[The following information applies to the questions displayed below.]

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Problem 5-1A Part 3

1. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 120 units from beginning inventory and 250 units from the March 5 purchase; the March 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 120 units from beginning inventory and 250 units from the March 5 purchase; the March 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase

#3

REVISED PROBLEM 13-42

ACC 650 - Management Accounting

Megatronics Corporation, a massive retailer of electronic products, is organized in four separate divisions.
The four divisional managers are evaluated at year-end, and bonuses are awarded based on ROI.
Last year, the company as a whole produced a 13 percent return on its investment.
During the past week, management of the company’s Northeast Division was approached about the
possibility of buying a competitor that had decided to redirect its retail activities. (If the competitor is
acquired, it will be acquired at its book value.) The data that follow relate to recent performance of the
Northeast Division and the competitor:

Management has determined that in order to upgrade the competitor to Megatronics’ standards, an
additional $275,000 of invested capital would be needed.

REQUIRED:

3. What is the likely reaction of Megatronics’ corporate management toward the acquisition? Why?