You are evaluating how much Ace Limo should charge a client who will lease a car for 7 years. It will cost Acme $85,000 to buy the car and the car can be depreciated on a five-year MACRS schedule. Acme Limo’s pretax administrative costs including Maintenance, Insurance and Selling Cost are $10,000 per year and they occur at the beginning of each year. The after tax cost of capital is 10% and the tax rate is 21%. Lease payments are made in advance, that is, at the start of each year. The inflation rate is zero.
How much is the present value of after tax administrative costs?
What is the present value of Depreciation tax Shield?
What is the after tax break-even operating lease rate for the car?
What is the before tax break even operating lease rate for the car?
Depreciation Table for 5-year asset
Year %
1 20.00%
2 32.00%
3 19.20%
4 11.52%
5 11.52%
6 5.76%
In: Finance
1. explain the difference between an ionic, covalent, and hydrogen bond.
2. draw and describe the electronic configuration pf NaCI before and after the transfer of electrons.
3. what are the four major macromolecules and what are the corresponding building blocks from which each of these macromolecules are made?
4. draw and describe an example of a reaction that shows how a dipeptide is formed and broken down.
5. explain how each of the macromolecules contributes to the development and maintenance of hair.
6. describe each level of protein structure: 1. Primary, 2. secondary, 3. tertiary, 4. quaternary. what type of chemical bonds stabilize these different structures and how?
7. briefly compare and contrast oxidizing and reducing reagents and the role that they play in building chemical bonds.
8. what happens to the protein structure (keratin) of curly hair after a chemical relaxer and heat are applied and what happens to straight hair after a chemical perm or relaxer is applied?
In: Biology
3) A 2 kg block is sliding at an initial speed of 10 m/s across a surface, encountering a constant friction force of 7 N. How much work is done on the block after it slides 22 cm?
Answer:
Hint: Does the block gain or lose energy during
this process? What sign does this imply for the work done on
it?
4) How fast is the block moving after sliding 22 cm?
Answer:
Hint: You can treat the block like a simple
particle. What kind of energy does it have and how is this affected
by the work done on it?
5) What's the total distance the block travels before coming to
rest?
Correct, computer gets: 14.29 m
6) What is the average power of friction on the block over the time
it takes the block to come to rest?
Answer:
7) What was the instantaneous power of friction on the block after
it slid the first 22 cm?
Answer
In: Physics
The BoomBoom Chemical Company is considering purchasing a new production machine. The machine has a cost of $250,000 and would cost an additional $10,000 after-tax to install. If purchases, the machine will increase earnings before interest and tax by $70,000 per annum. To operate effectively, raw material inventory would need to be increased by $10,000. The machine has an expected life of 10 years and no salvage value. It will be depreciated straight line (prime cost) over its 10 year life. The company has a marginal tax rate of 30 per cent and a cost of capital of 15 per cent.
REQUIRED:
(i) Calculate the initial outlay associated with the project.
(ii) Calculate the annual after-tax net cash flows associated with the project over years 1 -10.
(iii) Calculate the after-tax net cash flow in year 10.
(iv) Calculate the net present value of the project.
In: Finance
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 |
eTextbook and Media
Save for Later
Attempts: 0 of 3 used
Submit Answer
Using multiple attempts will impact your score.
10% score reduction after attempt 2
(a2)
Compute equivalent units of production for materials and for conversion costs.
|
Materials |
Conversion Costs |
|||
| T12 Tables |
eTextbook and Media
Save for Later
Attempts: 0 of 3 used
Submit Answer
Using multiple attempts will impact your score.
10% score reduction after attempt 2
(a3)
Determine the unit costs of production.
|
Materials |
Conversion Costs |
Total Costs |
||||
| Unit costs-T12 Tables |
$ |
$ |
$ |
eTextbook and Media
Save for Later
Attempts: 0 of 3 used
Submit Answer
Using multiple attempts will impact your score.
10% score reduction after attempt 2
(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 |
||
|
Total costs |
$ |
|
eTextbook and Media
Save for Later
Attempts: 0 of 3 used
Submit Answer
Using multiple attempts will impact your score.
10% score reduction after attempt 2
(b)
Prepare the production cost report for July 2020.
|
THAKIN INDUSTRIES INC. |
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Equivalent Units |
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Quantities |
Physical |
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Conversion |
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Work in process, July 1 |
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Started into production |
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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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Unit costs |
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Total Costs |
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$ |
$ |
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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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$ |
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In: Accounting
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 |
||
|---|---|---|
|
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 |
||
|
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 |
||
|
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
Table 1: ANNUAL RETURNS (%)
|
Lyx Malaysia |
Lyx Singapore |
Lyx USDJIA |
Lyx would |
|
|
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