Use the ERR method with ? =%7 per year to solve a unique rate of return for the following cash flow diagram.
| Year | Cash Flow |
| 0 | -200 |
| 1 | -140 |
| 2 | +570 |
| 3 | -830 |
| 4 | +470 |
| 5 | +320 |
| 6 | -120 |
In: Finance
9. If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it earn this year? (PERCENT)
10-a. If Westerville’s chief executive officer will earn a bonus only if her ROI from this year exceeds her ROI from last year, would she pursue the investment opportunity? (Y/N)
10-b. Would the owners of the company want her to pursue the investment opportunity? (Y/N)
11. What is last year’s residual income?
12. What is the residual income of this year’s investment opportunity?
13. If the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn this year?
14. If Westerville’s chief executive officer will earn a bonus only if her residual income from this year exceeds her residual income from last year, would she pursue the investment opportunity? (Y/N)
15-a. Assume that the contribution margin ratio of the investment opportunity was 50% instead of 60%. If Westerville’s Chief Executive Officer will earn a bonus only if her residual income from this year exceeds her residual income from last year, would she pursue the investment opportunity? (Y/N)
5-b. Would the owners of the company want her to pursue the investment opportunity? (Y/N)
Westerville Company reported the following results from last year’s operations:
| Sales | $ | 1,500,000 |
| Variable expenses | 500,000 | |
| Contribution margin | 1,000,000 | |
| Fixed expenses | 700,000 | |
| Net operating income | $ | 300,000 |
| Average operating assets | $ | 1,000,000 |
At the beginning of this year, the company has a $200,000 investment opportunity with the following cost and revenue characteristics:
| Sales | $ | 300,000 | |
| Contribution margin ratio | 60 | % of sales | |
| Fixed expenses | $ | 132,000 | |
The company’s minimum required rate of return is 10%.
In: Finance
DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.
| Month | ||||||||
| 1 | 2 | 3 | 4 | |||||
| Throughput time (days) | ? | ? | ? | ? | ||||
| Delivery cycle time (days) | ? | ? | ? | ? | ||||
| Manufacturing cycle efficiency (MCE) | ? | ? | ? | ? | ||||
| Percentage of on-time deliveries | 79 | % | 75 | % | 72 | % | 69 | % |
| Total sales (units) | 2790 | 2671 | 2534 | 2438 | ||||
Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:
| Average per Month (in days) | |||||||||
| 1 | 2 | 3 | 4 | ||||||
| Move time per unit | 0.9 | 0.6 | 0.7 | 0.7 | |||||
| Process time per unit | 3.9 | 3.7 | 3.5 | 3.3 | |||||
| Wait time per order before start of production | 24.0 | 26.3 | 29.0 | 31.4 | |||||
| Queue time per unit | 4.8 | 5.4 | 6.1 | 6.9 | |||||
| Inspection time per unit | 0.5 | 0.6 | 0.6 | 0.5 | |||||
Required:
1-a. Compute the throughput time for each month.
1-b. Compute the delivery cycle time for each month.
1-c. Compute the manufacturing cycle efficiency (MCE) for each month.
2. Evaluate the company’s performance over the last four months.
3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.
3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.
In: Accounting
29. A.
A firm operated at 80% of capacity for the past year, during which fixed costs were $203,000, variable costs were 69% of sales, and sales were $1,082,000. Operating profit was
a. $746,580
b. $105,936
c. $335,420
d. $132,420
28. B.
Zeke Company sells 24,700 units at $14 per unit. Variable costs are $7 per unit, and fixed costs are $38,100. The contribution margin ratio and the unit contribution margin are
A. 2% and $7 per unit
B. 50% and $14 per unit
C. 50% and $7 per unit
D.2% and $14 per unit
29. B.
A business operated at 100% of capacity during its first month, with the following results:
| Sales (98 units) | $480,200 | |
| Production costs (122 units): | ||
| Direct materials | $64,622 | |
| Direct labor | 16,499 | |
| Variable factory overhead | 28,874 | |
| Fixed factory overhead | 27,499 | 137,494 |
| Operating expenses: | ||
| Variable operating expenses | $5,849 | |
| Fixed operating expenses | 4,180 | 10,029 |
What is the amount of the gross profit that would be reported on the absorption costing income statement?
a. $359,725
b. $369,754
c. $363,905
d. $480,078
29. C.
Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business—September, October, and November—are $234,000, $320,000, and $426,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale.
The cash collections expected in October from accounts receivable are estimated to be
a. $211,960
b. $254,352
c. $146,440
d. $179,200
In: Accounting
Q3. Given the following Production Possibilities Schedule for a hypothetical economy in year 1.
___________________________________________
Capital Goods Consumption goods
___________________________________________
5 0
4 10
3 18
2 24
1 28
0 30
___________________________________________
In: Economics
A 36 year old caucasian, obese, female presents to the ED with a complaint of epigastric pain for the last 2 days. THe pain radiates through to her back, is consistant, sharp in nature and relieved with sitting up. Associated symptoms includes nausea and non-bloody emesis. Eating make the pain worse and therefore she has not eaten for the last 24 hrs. He is married and has two children. She denies any alcohol and drug use. One assessment she is afebrile, heart rate 100, respirations 22, and BP 110/70mmhg. SHe is restless from the pain, diaphorietic and has a icteric sclera. Heart and lung assessment are unremarkable. abdomen is soft with hypoactive bowel sound and tender in the epigastric area and RUQ.
LAB;
Sodium- 140
Potassium- 3.0
Creatnine- 1.0
BUN- 20
WBC 12000
Hct- 54%
Hgb-18
platetes 200,000
AST- 70
ALT 75
Alkaline phosphatase 294
Total bilirubin- 8.0
GGT- 65
Lipase- 1050
2020 Summer
M9 Case Study
Submit Assignment
Questions
a. Why is the potassium value abnormal?
b. What do the abnormal GGT and Alkaline Phosphate indicate?
c. Why are the lipase and bilirubin elevated?
5. For what actual or potential complications related to the diagnosis in question 1 does she need to be monitored? You may simply list your answer(s) below using a bullet point format. This does not have to be in a complete sentence.
In: Nursing
The mean number of sick days an employee takes per year is believed to be about 10. Members of a personnel department do not believe this figure. They randomly survey 8 employees. The number of sick days they took for the past year are as follows: 11; 6; 14; 3; 11; 8; 7; 8. Let X = the number of sick days they took for the past year. Should the personnel team believe that the mean number is about 10? Conduct a hypothesis test at the 5% level.
d) State the distribution to use for the test. (Enter your answer in the form z or tdf where df is the degrees of freedom.)
f) What is the p-value? (Round your answer to four decimal places.)
i) Construct a 95% confidence interval for the true mean. Sketch the graph of the situation. Label the point estimate and the lower and upper bounds of the confidence interval. (Round your answers to three decimal places.)
In: Statistics and Probability
Due to a recession, expected inflation this year is only 2.75%. However, the inflation rate in Year 2 and thereafter is expected to be constant at some level above 2.75%. Assume that the expectations theory holds and the real risk-free rate (r*) is 1.5%. If the yield on 3-year Treasury bonds equals the 1-year yield plus 1.0%, what inflation rate is expected after Year 1?
Madsen Motors's bonds have 24 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 6%, and the yield to maturity is 8%. What is the bond's current market price?
In: Physics
Riley Incorporated reports the following amounts at the end of the year (all amounts in $000):
|
Cash Depreciation Expense Taxes Payable |
$ 16,140 3,210 1,020 |
Product Revenues Mortgage Payable Treasury Stock |
$ 112,500 38,000 650 |
|
|
Buildings Land Current Portion of Notes and Mortgages Payable |
79,000 40,000 2,200 |
Salaries Accumulated Depreciation |
62,800 21,730 |
|
|
Accounts Payable Net Accounts Receivable |
18,500 23,500 |
Equipment Income Tax Expense Discount on Notes Payable |
42,000 3,650 7,950 |
|
|
Interest Expense Notes Payable Utilities |
4,000 25,650 350 |
Inventory Costs of Good Sold License Revenues |
6,400 17,400 250 |
|
|
Advertising Expense Pre-Paid Expenses |
11,300 900 |
Short Term Investments Wages Payable |
2,500 3,200 |
In addition, the company had common stock of $75,000 at the beginning of the year and issued an additional $5,000 during the year. The company also had retained earnings of $20,700 at the beginning of the year and declared/paid dividends of $2,000 during the year. Prepare the income statement, statement of stockholders’ equity, and balance sheet.
Using the account information above develop a Balance Sheet and Income Statement, then answer the next five questions.
Q1. Calculate the Net Income After Interest and Taxes.
Q2. Calculate the Total Amount of Current Assets
Q3. Calculate the Total Amount of Liabilities. Include both current and long term debt.
Q4. Calculate the Total Assets for Riley Incorporated. Remember to consider Contra-Assets when making the calculation
Q5. Assume that the Net Income After Interest and Taxes for Riley Incorporated is $9,200 (it's not but make this assumption for this question only). Using the other account data shown above for Riley, what is the ending Retained Earnings balance?
Q6.
In: Accounting
DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.
| Month | ||||||||
| 1 | 2 | 3 | 4 | |||||
| Throughput time (days) | ? | ? | ? | ? | ||||
| Delivery cycle time (days) | ? | ? | ? | ? | ||||
| Manufacturing cycle efficiency (MCE) | ? | ? | ? | ? | ||||
| Percentage of on-time deliveries | 91 | % | 86 | % | 82 | % | 78 | % |
| Total sales (units) | 3030 | 2900 | 2752 | 2649 | ||||
Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:
| Average per Month (in days) | |||||||||
| 1 | 2 | 3 | 4 | ||||||
| Move time per unit | 0.9 | 0.7 | 0.9 | 0.9 | |||||
| Process time per unit | 2.9 | 2.8 | 2.7 | 2.6 | |||||
| Wait time per order before start of production | 19.0 | 20.8 | 23.0 | 24.8 | |||||
| Queue time per unit | 4.4 | 5.1 | 5.9 | 6.8 | |||||
| Inspection time per unit | 0.7 | 0.9 | 0.9 | 0.7 | |||||
Required:
1-a. Compute the throughput time for each month.
1-b. Compute the delivery cycle time for each month.
1-c. Compute the manufacturing cycle efficiency (MCE) for each month.
2. Evaluate the company’s performance over the last four months.
3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.
3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.
In: Accounting