Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows.
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Cutting Department |
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Production Data—July |
T12-Tables |
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| Work in process units, July 1 | 0 | |
| Units started into production | 21,000 | |
| Work in process units, July 31 | 3,150 | |
| Work in process percent complete | 60 | |
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Cost Data—July |
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Work in process, July 1 |
$0 | |
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Materials |
399,000 | |
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Labor |
246,120 | |
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Overhead |
109,200 | |
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Total |
$754,320 |
(a1)
Compute the physical units of production.
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T12 Tables |
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| Units to be accounted for |
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10% score reduction after attempt 2
(a2)
Compute equivalent units of production for materials and for conversion costs.
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Materials |
Conversion Costs |
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| T12 Tables |
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(a3)
Determine the unit costs of production.
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Materials |
Conversion Costs |
Total Costs |
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| Unit costs-T12 Tables |
$ |
$ |
$ |
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(a4)
Show the assignment of costs to units transferred out and in process.
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T12 Tables |
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Costs accounted for: |
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Transferred out |
$ |
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Work in process |
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Materials |
$ |
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Conversion costs |
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Total costs |
$ |
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(b)
Prepare the production cost report for July 2020.
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THAKIN INDUSTRIES INC. |
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Equivalent Units |
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Quantities |
Physical |
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Conversion |
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Units to be accounted for |
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Work in process, July 1 |
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Started into production |
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Total units |
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Units accounted for |
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Transferred out |
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Work in process, July 31 |
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Total units |
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Conversion |
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Unit costs |
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Total Costs |
$ |
$ |
$ |
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Equivalent units |
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Unit costs |
$ |
$ |
$ |
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Costs to be accounted for |
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Work in process, July 1 |
$ |
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Started into production |
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Total costs |
$ |
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Cost Reconciliation Schedule |
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Costs accounted for |
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Transferred out |
$ |
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Work in process, July 31 |
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Materials |
$ |
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Conversion costs |
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Total costs |
$ |
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In: Accounting
Table 1: ANNUAL RETURNS (%)
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Lyx Malaysia |
Lyx Singapore |
Lyx USDJIA |
Lyx would |
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|
2009 |
2.00 |
5.86 |
5.56 |
7.69 |
|
2010 |
4.25 |
22.40 |
6.11 |
5.79 |
|
2011 |
-29.40 |
-27.07 |
7.94 |
-3.28 |
|
2012 |
13.23 |
0.06 |
18.29 |
20.75 |
|
2013 |
8.86 |
-6.84 |
17.09 |
14.14 |
|
2014 |
2.31 |
33.87 |
14.20 |
15.06 |
|
2015 |
-2.96 |
-9.28 |
-4.71 |
-4.28 |
Table 2: PORTFOLIO WEIGHTS (%)
|
Assets |
Exising Portfolio Weights |
New Portfolio Weights |
|
Lyx Malaysia |
60 |
40 |
|
Lyx Singapore |
40 |
30 |
|
Lyx USDJIA |
30 |
Questions:
Using the given information in Table 1, calculate the mean return, standard deviation, covariance and correlation for the given stocks.
Calculate the return and standard deviation for the portfolio consisting of the two stocks.
After adding the stock Lyx USDJIA, what is the portfolio return and standard deviation? How does the new portfolio differ from the first portfolio calculate in question 2?
Basedonyouranalysis,explainshouldAlbertdiversifyhisportfolioorremain invested in Malaysia and Singapore only?
Calculate beta for the current portfolio and the new portfolio. Assuming a risk free rate of 2.5% and a market risk premium of 5.5% and calculate the expected return for both portfolios.
In: Accounting
Subjects with pre-existing cardiovascular symptoms who were
receiving subitramine, an appetite suppressant, were found to be at
increased risk of cardiovascular events while taking the drug. The
study included 9807 overweight or obese subjects with pre-existing
cardiovascular disease and/or type 2 diabetes. The subjects were
randomly assigned to subitramine (4909 subjects) or a placebo (4898
subjects) in a double-blind fashion. The primary outcome measured
was the occurrence of any of the following events: nonfatal
myocardial infarction or stroke, resuscitation after cardiac
arrest, or cardiovascular death. The primary outcome was observed
in 562 subjects in the subitramine group and 493 subjects in the
placebo group.
Do the data give good reason to think that there is a difference
between the proportions of treatment and placebo subjects who
experienced the primary outcome? (Note that sibutramine has not
been available in the United States since the end of 2010 due to
its manufacturer's concerns over increased risk of heart attack or
stroke, although at the present time it can still be purchased in
other countries.)
State hypotheses, find the test statistic, and the
P-value. (Round your test statistic to two decimal places
and your P-value to four decimal places.)
In: Statistics and Probability
Meadows Laboratories holds a valuable patent for a “gazak”. The history of costs
associated with the “gazak” are as follows.
Date Activity Cost
2000 – 2001 Research conducted to develop “gazak” $117,000
Mar. 2002 Design and construction of a prototype 81,500
Oct. 2002 Testing simulations 36,750
Feb. 2003 Redesigning based on simulation results 41,250
Apr. 2004 Legal fees paid for patent granted May, 2004 69,955
May. 2008 Legal fees paid to successfully defend patent 23,205
Jan. 2010 Research aimed at modifying the “gazak” design 17,500
Oct. 2013 Legal fees paid to successfully defend patent 11,240
Meadows assumed a useful life of 17 years for the patent in May, 2004. On January
1, 2012, it revised its useful life estimate downward to 6 remaining years.
Amortization is computed for a full year if the cost is incurred prior to July 1, and no
amortization for the year if the cost is incurred after June 30. The company’s year
ends December 31.
Instructions – Compute the carrying value of the “gazak” on each of the following dates:
In: Accounting
Database Normalization
Please if you don't know the answer don't comment as "Need More
Information."
Please answer it in a table form with the data included as per
table A and table B.
Introduction:
This lab is designed to help you with practicing normalization
concepts implementation.
Submission:
After finishing the task below, convert the word file to a PDF
document and submit it to Brightspace.
Task:
Using this file, normalize the following tables to be in the third
normal form. Remember to consider having the data when you do the
normalization.
| Course_Title | Course_Credit_Hours | Professor_ID | Professor_Name | First_day_work | Professor Specialization_ID | Professor Specialization |
| Accounting, Finance | 3,3 | 234 | Patric | 14/2/2008 | 7 | Accounting |
| Marketing, Business administration | 3,2 | 564 | Mary | 15/4/2010 | 5 | Business Management |
Notes: • Every course can be taught by more than one professor and each professor can teach more than one course.
Table B
| Employee_ID (P.K) | Project_ID (P.K) | E_Name | P_Name | E_Assigned_Hours |
| 100 | 101 | Cedric | Acct. | 13 |
| 200 | 110 | Natali | Finance | 15 |
| 300 | 111 | Maria | BD | 12 |
Marking Criteria:
• Entities titles
• Attributes:
• PKs:
• FKs:
• Relationships:
• Handling data:
In: Computer Science
Black Friday - the annual shopping tradition the day after Thanksgiving - is often the day which puts retailers "in the black." According to a CNN Money report, consumers spent an average of $378.84 on Black Friday in 2010 with a standard deviation of $247.23. Draw and label a normal curve which would be used to describe the Black Friday expenditures. Based on the values calculated, would it be reasonable to assume the money spent is normally distributed? It is not reasonable to assume the amount of money spent by Black Friday shoppers is normally distributed. It is reasonable to assume the amount of money spent by Black Friday shoppers is normally distributed Completely describe the sampling distribution of the sample mean Black Friday expenditure when samples of size 84 are selected. Mean: μ ¯ y = Standard deviation: σ ¯ y = (round to 4 decimal places) Shape:the distribution of ¯ y is because Using the distribution described in part b, what is the probability of observing a sample mean of $454.633 or more? z = (round to 2 decimal places) probability = (include 4 decimal places) Based on the probability found, what conclusion can be reached? The probability would be classified as . So, there sufficient evidence to conclude the mean amount spent by customers on Black Friday is greater than 378.84.
In: Statistics and Probability
Marigold Inc.’s only temporary difference at the beginning and end of 2019 is caused by a $3,600,000 deferred gain for tax purposes for an installment sale of a plant asset, and the related receivable (only one-half of which is classified as a current asset) is due in equal installments in 2020 and 2021. The related deferred tax liability at the beginning of the year is $1,440,000. In the third quarter of 2019, a new tax rate of 20% is enacted into law and is scheduled to become effective for 2021. Taxable income for 2019 is $6,000,000, and taxable income is expected in all future years.
Prepare the journal entry necessary to adjust the deferred tax
liability when the new tax rate is enacted into law.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually. If no entry is required,
select "No Entry" for the account titles and enter 0 for the
amounts.)
|
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|
|
enter an account title |
enter a debit amount |
enter a credit amount |
|
enter an account title |
enter a debit amount |
enter a credit amount |
Draft the income tax expense portion of the income statement for
2019. Begin with the line “Income before income taxes.” Assume no
permanent differences exist. (Enter negative amounts
using either a negative sign preceding the number e.g. -45 or
parentheses e.g. (45).)
|
Marigold Inc.’s |
||
|---|---|---|
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select an opening name for this partial income statement AdjustmentCurrentDividendsExpensesIncome before Income TaxesIncome Tax ExpenseNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues |
$enter a dollar amount |
|
|
select an income statement section name AdjustmentCurrentDividendsExpensesIncome before Income TaxesIncome Tax ExpenseNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues |
||
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select an income statement item AdjustmentCurrentDividendsExpensesIncome before Income TaxesIncome Tax ExpenseNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues |
$enter a dollar amount |
|
|
select an income statement item AdjustmentCurrentDividendsExpensesIncome before Income TaxesIncome Tax ExpenseNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues |
enter a dollar amount |
|
|
enter a total of the two previous amounts |
||
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select a closing name for this statement AdjustmentCurrentDividendsExpensesIncome before Income TaxesIncome Tax ExpenseNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues |
$enter a total net income or loss amount |
|
In: Accounting
For the company Coca-cola:
a. calculate Economic Value Added (EVA) over the most recent annual period. Assume a 10 percent cost of capital and explain your results.
b. estimate the firm’s expected growth rate using the Gordon Growth Model and an expected return on the company’s stock of 10%. Compare these results with a close competitor.
c. estimate the firms’ weighted average cost of capital (WACC) after taxes. Use the capital asset pricing model (CAPM) to estimate the cost of common stock equity. Use the yield-to-maturity on the firms’ outstanding debt or an industry average to estimate the cost of debt and a corporate tax rate of 21 percent. Compare and contrast your result with that of a close competitor or industry average.
Market Summary > The Coca-Cola Co
FollowFollowing
NYSE: KO
48.19 USD +0.79 (1.67%)
Closed: May 10, 6:09 PM EDT · Disclaimer
After hours 48.19 0.00 (0.00%)
Max
48.25 USD 4:30 PM
47.047.548.048.5Previous
close
47.40
12:00 PM4:00 PM8:00 PM
| Open | 47.41 |
| High | 48.30 |
| Low | 47.40 |
| Mkt cap | 205.58B |
| P/E ratio | 30.71 |
| Div yield | 3.32% |
| Prev close | 47.40 |
| 52-wk high | 50.84 |
| 52-wk low | 41.45 |
Not sure if this is what you are looking for.
I'm not sure if I am answering your question correctly, can I assume the investment made is $1000
In: Finance
Visit the NASDAQ historical prices weblink. First, set the date range to be for exactly 1 year ending on the Monday that this course started. For example, if the current term started on April 1, 2018, then use April 1, 2017 – March 31, 2018. (Do NOT use these dates. Use March 18, 2018 - March 17, 2019.) Do this by clicking on the blue dates after “Time Period”. Next, click the “Apply” button. Next, click the link on the right side of the page that says “Download Data” to save the file to your computer.
This project will only use the Close values. Assume that the closing prices of the stock form a normally distributed data set. This means that you need to use Excel to find the mean and standard deviation. Then, use those numbers and the methods you learned in sections 6.1-6.3 of the course textbook for normal distributions to answer the questions. Do NOT count the number of data points.
Complete this portion of the assignment within a single Excel file. Show your work or explain how you obtained each of your answers. Answers with no work and no explanation will receive no credit.
In: Statistics and Probability
Marcia, age 56, is starting to think about retirement. She plans to retire at age 65 and she expects to liver to age 90. She estimates that she will need $50,000 per year, before tax in retirement to give her the lifestyle she wants. She will receive a non-indexed pension of $25,000 a year plus a combined $12,000 per year in CPP and OAS retirement income. She currently has $70,000 in her RRSP. For planning purposes, Marcia is using a 8% nominal rate of return on savings before retirement and a 6% nominal rate of return during retirement. Inflation is expected to remain at 2% per year throughout her lifetime.
4. What is Marcia’s real rate of return before and after retirement? (ROUND TO 4 DECIMAL
PLACES)
5. What is the present value at retirement of her required retirement income of $50,000 per
year, before tax?
6. What is the present value at retirement of her non-indexed pension?
7. What is the present value at retirement of her CPP and OAS retirement income?
8. Before she retires, Marcia decides that she will deposit $12,000 per year at the end of each year to her RRSP. How much will she have saved in her RRSP by the time she retires? Assume that Marcia will increase her annual deposit for inflation.
9. Based on your answers to the questions above, will Marcia have enough money for retirement? Explain.
Please show all calculations for all parts
In: Finance