Mike is a young executive with a pharmaceutical firm. He earns $ 100,000 per year and expects his income to increase at a rate of 4% over his career. Mike estimates that he consumes 20% of his salary personally, that his combined federal and state income tax bracket is, 28% and that inflation will average 3% over his career. The riskless rate of return is 6%. Using the Capitalized Earnings Approach to calculating life insurance needs, how much life insurance should Mike purchase?

A. 2.083,333

b. $2,231,667

c. $1,977,342

d. $4,166,667

During a year of operation, a firm collects $5,100,000 in revenue and spends $3,600,000 on labor expenses, raw materials, rent, and utilities. The firm's owner has provided $1,000,000 of her own money instead of investing the money and earning a 12% annual rate of return. a. The explicit costs of the firm are $______. The implicit costs are $______. The total economic cost is $_____.

b. The firm earns accounting profit of $____.

c. The firm's economic profit is $_____.

d. If the owner could earn 15% annually on the money she has invested in the firm, the economic profit of the firm would be _____ (when revenue is $5,000,000.)

Mr. H is a 64 year old male with a history of COPD, HTN, and Type 2 DM. he just arrived this morning from the ED with a diagnosis of uncontrolled HTN (admitting BP 220/110), and chest pain. The symptoms that brought him into the ED were severe morning H/A with occasional vomiting x3 days, SOB, and chest pain. When you examine him you notice a large bruise on his right elbow and hip. He relays history of a fall recently. He complains of dysphasia which he attributes to a sore throat from vomiting. He is slightly disoriented and drowsy, but received a dose of Zofran for vomiting before he was brought up to your unit. His HA has returned but he feels he cannot take anything PO because of his earlier vomiting.

Labs: Na: 145, K: 3.7, Cl: 100, CO2: 28, BUN: 22, Creatinine: 1.5, Blood Glucose: 210, HgB: 12.7, WBC: 10.3, PLTS: 110.
CK enzymes negative
Chest X-ray: no effusions, pneumonia but emysematous changes noted.
Current BP: 156/98 HR: 78 reg. RR: 24 on 4L O2

1) What could be happening to Mr. H? (hint: Is all his symptoms related to HTN?)
2) What symptoms are related to the severe HTN?
3) What symptoms are related to the COPD?
4) what symptoms are related to the Type 2 DM?
5) Based on his history and labs what is probably responsible for the bruising?
6) List all abnormal lab values, possible causes, in a significance of the abnormal lab values in Mr. H plan of care?
7) What does emysematous changes on the CXR mean? What disease process is this related to?
8) What are your top 3 nursing priority concepts (in order of priority) would you use for Mr. H? What nursing interventions would you include for Mr. H?

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

At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts:

The following events apply to Oak Consulting for Year 2:

1. Provided $72,200 of services on account.
2. Incurred $3,000 of operating expenses on account.
3. Collected $46,900 of accounts receivable.
4. Paid $30,100 cash for salaries expense.
5. Paid $13,860 cash as a partial payment on accounts payable.
6. Paid a $8,900 cash dividend to the stockholders.

c. Show the beginning balances and the events in a horizontal statements model such as the following one: (In the Cash Flow column, use the initials "OA" for operating activities, "FA" for financing activities and "NC" for net change in cash. Select "NA" wherever required. Enter any decreases to account balance and cash outflows with a minus sign.)

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.

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:

Required:

1-a. Compute the throughput time for each month. (Round your answers to 1 decimal place.)

1-b. Compute the manufacturing cycle efficiency (MCE) for each month. (Round your answers to 1 decimal place.)

1-c. Compute the delivery cycle time for each month. (Round your answers to 1 decimal place.)

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. (Round your answers to 1 decimal place.)

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. (Round your answers to 1 decimal place.)

In October of the current year, Jasmine received a $15,520 payment from a client for 32 months of rent. The rental period begins on September 1 of this year. This amounts to $485 per month. Jasmine is a calendar-year taxpayer. What amount of the $15,520 payment, if any, must Jasmine recognize this year if she uses the accrual method of accounting?

Use the following information to determine the gross margin for IntelManufacturing for the year just ended (all amounts are in thousands ($ 000’s) of dollars:

            Accounts payable, 1/1                                                        1,700

            Accounts payable, 12/31                                                    1,500

            Depreciation on factory equipment                                    2,500

            Direct labor                                                                        8,000

            Direct materials inventory, 1/1                                           8,000

            Direct materials inventory, 12/31                                       1,000

            Finished goods inventory, 1/1                                         20,000

            Finished goods inventory, 12/31                                     21,300

            Indirect labor                                                                      1,600

            Indirect materials used                                                       1,500

            Purchases of direct materials                                              8,000

            Sales                                                                              $21,800

            Utilities expense, factory                                                     900

            Work in process inventory, 1/1                                          1,800

            Work in process inventory, 12/31                                    10,000

Assume that you are the accountant for Computer Consultants. Prior to this year, Computer Consultants operated out of a leased office. However, the company purchased its own office building this year. The building is in an area where real estate values have been increasing an average of 6 percent per year.

The owner of Computer Consultants has asked why you recorded depreciation on the building if real estate values are appreciating. How would you explain this?

Summarized data for 2016 (the first year of operations) for Gorman Products, Inc., are as follows:

a. Prepare an income statement based on full absorption costing.
Only use a negative sign with your answer for net income (loss), if the answer represents a net loss. Otherwise, do not use negative signs with any answers. Round answers to the nearest whole number, when applicable.

b. Prepare an income statement based on variable costing.
Only use a negative sign with your answer for net income (loss), if the answer represents a net loss. Otherwise, do not use negative signs with any answers. Round answers to the nearest whole number, when applicable.

c. Assume that you must decide quickly whether to accept a special one-time order for 1,000 units for $15 per unit.

Which income statement presents the most relevant data? Answerabsorption costingvariable costing

Determine the apparent profit or loss on the special order based solely on these data.
Use a negative sign with your answer if the special order creates an apparent loss. Round answer to the nearest whole number.

$Answer

d. If the ending inventory is destroyed by fire, which costing approach would you use as a basis for filing an insurance claim for the fire loss? Why?
Select the most appropriate statement.

Absorption costing approach because the cost should include a reasonable portion of fixed manufacturing costs.

Variable costing approach because the cost should include a reasonable portion of fixed manufacturing costs.

Karsted Air Services is now in the final year of a project. The equipment originally cost $35 million, of which 90% has been depreciated. Karsted can sell the used equipment today for $8.75 million, and its tax rate is 30%. What is the equipment's after-tax salvage value? Round your answer to the nearest dollar. Write out your answer completely. For example, 13 million should be entered as 13,000,000. Marble Construction estimates that its WACC is 10% if equity comes from retained earnings. However, if the company issues new stock to raise new equity, it estimates that its WACC will rise to 10.8%. The company believes that it will exhaust its retained earnings at $2,500,000 of capital due to the number of highly profitable projects available to the firm and its limited earnings. The company is considering the following seven investment projects: Project Size IRR A $650,000 14.0% B 1,050,000 13.5 C 1,000,000 11.2 D 1,200,000 11.0 E 500,000 10.7 F 650,000 10.3 G 700,000 10.2 Assume that each of these projects is independent and that each is just as risky as the firm's existing assets. Which set of projects should be accepted? Project A Project B Project C Project D Project E Project F Project G What is the firm's optimal capital budget? Write out your answer completely. For example, 13 million should be entered as 13,000,000. $