Questions
Output tables/day Total cost Variable cost Average Total Cost Average variable cost Marginal Cost 0 $250...

Output

tables/day

Total cost

Variable cost

Average Total Cost

Average variable cost

Marginal Cost

0

$250

1

350

2

430

3

490

4

570

5

670

6

820

  1. What are the fixed costs of production measured in dollars?
  2. For 6 tables, what is the average fixed cost, average variable cost, and the marginal cost?

In: Economics

The Allied Group intends to expand the company's operation by making significant investments in several opportunities...

The Allied Group intends to expand the company's operation by making significant investments in several opportunities available to the group. Accordingly, the group has identified a need for additional financing in preferred and new common stock and new bond issues. The (Krf) risk-free rate for the company is 7%, and the appropriate tax rate is 40%. Also, the beta coefficient for the company is 1.3 and the market risk premium (Km) is 12%. New Debt (Kd) The company has been advised that new bonds can be sold on the market at par ($1000) with an annual coupon of 8%, for 30 years. New Common Stock Market analysis has determined that given the positive history of the firm, new common stock can be sold at $29 per share, with the last dividend being paid of $2.25 per share. The growth rate on any new delete the words highlighted in yellow common stock has been estimated at a constant rate of 15% per year for the next 3 years. Preferred Stock New Preferred Stock can be issued with an annual dividend of 10% of par and is paid annually and currently would sell for $90 per share. Tasks: Using the Capital Asset Pricing Model (CAPM), discuss and calculate the cost of new common stock (Ks). What would the dividend yield as a percentage (i.e., per dividend payment divided by the book value of a share of stock) today and a year from now if the dividend growth rate is 12%? What is the after-tax cost as a percentage (e.g., interest rate) of new debt today? What are your recommendations for raising capital based on your answers to the above questions plus considering other factors (e.g., current and potential changes in the economy locally, regionally, nationally and worldwide, changes in the demand and/or supply plus cost of materials, skilled labor, management and/or leadership, changes in interest, tax, inflation and/or supply of investment capital)?

In: Accounting

Elliott Engines Inc. produces three products—pistons, valves, and cams—for the heavy equipment industry. Elliott Engines has...

Elliott Engines Inc. produces three products—pistons, valves, and cams—for the heavy equipment industry. Elliott Engines has a very simple production process and product line and uses a single plantwide factory overhead rate to allocate overhead to the three products. The factory overhead rate is based on direct labor hours. Information about the three products for 20Y2 is as follows:

Budgeted Volume
(Units)
Direct Labor
Hours Per Unit
Price Per
Unit
Direct Materials
Per Unit
Pistons 8,000 0.30 $33 $16
Valves 25,000 0.15 8 3
Cams 1,000 0.20 44 19

The estimated direct labor rate is $19 per direct labor hour. Beginning and ending inventories are negligible and are, thus, assumed to be zero. The budgeted factory overhead for Elliott Engines is $177,800.

If required, round all per unit answers to the nearest cent.

a. Determine the plantwide factory overhead rate.
$ per dlh

b. Determine the factory overhead and direct labor cost per unit for each product.

Direct Labor
Hours Per Unit
Factory Overhead
Cost Per Unit
Direct Labor
Cost Per Unit
Pistons dlh $ $
Valves dlh $ $
Cams dlh $ $

Feedback

c. Use the information above to construct a budgeted gross profit report by product line for the year ended December 31, 20Y2. Include the gross profit as a percent of sales in the last line of your report, rounded to one decimal place. Enter all amounts as positive numbers, except for a negative gross profit/gross profit percentage of sales.

Elliot Engines Inc.
Product Line Budgeted Gross Profit Reports
For the Year Ended December 31, 20Y2
Pistons Valves Cams
Revenues $ $ $
Product Costs
Direct materials $ $ $
Direct labor
Factory overhead
Total Product Costs $ $ $
Gross profit $ $ $
Gross profit percentage of sales % % %

In: Accounting

The following situations represent errors and frauds that could occur in financial statements. State how the...

The following situations represent errors and frauds that could occur in financial statements.

State how the ratio in question would compare (higher, equal, or lower) to what the ratio should have been had the error or fraud not occurred.

The company recorded fictitious sales with credits to sales revenue accounts and debits to accounts receivable. Inventory was reduced, and cost of goods sold was increased for the profitable “sales.” Is the current ratio higher than, equal to, or lower than what it should have been?

The company recorded cash disbursements by paying trade accounts payable but held the checks past the year-end date, meaning that the “disbursements” should not have been shown as credits to cash and debits to accounts payable. Is the current ratio higher than, equal to, or lower than what it should have been? Consider cases in which the current ratio before the improper “disbursement” recording was (1) higher than 1:1, (2) equal to 1:1, and (3) lower than 1:1.


The company uses a periodic inventory system for determining the balance-sheet amount of inventory at year-end. Very near the year-end, merchandise was received, placed in the stockroom, and counted, but the purchase transaction was neither recorded nor paid until the next month. What was the effect of this on inventory, cost of goods sold, gross profit, and net income? How were these ratios affected compared to what they would have been without the error: current ratio [remember three possible cases from part (b)], gross margin ratio, cost of goods sold ratio, inventory turnover, and receivables turnover?


The company is loath to write off customer accounts receivable even though the financial vice president makes entirely adequate provision for uncollectible amounts in the allowance for bad debts. The gross receivables and the allowance both contain amounts that should have been written off long ago. How are these ratios affected compared to what they would have been if the old receivables had been properly written off: current ratio, days’ sales in receivables, doubtful account ratio, receivables turnover, return on beginning equity, and working capital/total assets?


Since last year, the company has reorganized its lines of business and placed more emphasis on its traditional products while selling off some marginal businesses merged by the previous management. Total assets are 10 percent less than they were last year, but working capital has increased. Retained earnings remained the same because the disposals created no gains, and the net income after taxes is still near zero, which is the same as last year. Earnings before interest and taxes (EBIT) remained the same, a small positive EBIT. The total market value of the company’s equity has not increased, but that is better than the declines of the past several years. Proceeds from the disposals have been used to retire long-term debt. Net sales have decreased 5 percent because the sales’ decrease resulting from the disposals has not been overcome by increased sales of the traditional products. Is the discriminant Z-score of the current year higher or lower than the one of the prior year?

In: Accounting

Student Case Studies John J. is a school nurse at Jackson Elementary School, which was built...

Student Case Studies

John J. is a school nurse at Jackson Elementary School, which was built in 1960. Nurse John has noticed that many students from Ms. Zee’s second grade class have come to the clinic complaining about coughing, sneezing, runny nose, and watery eyes. Nurse John has also observed that Steven Tea, the only asthmatic student in Ms. Zee’s class, has had more asthma attacks this year than he did last year. Because the rest of the school is not experiencing the same respiratory problems, Nurse John is concerned that something in Ms. Zee’s classroom is causing students to feel ill.

Nurse John decides to visit Ms. Zee’s classroom. Upon entering the classroom, one of the few located in the school’s basement, John is struck by the powerful musty smell that inhabits the room. While talking to Ms. Zee, John learns that the classroom has “smelled bad for years,” and that students from previous years have complained about respiratory problems. Nurse John notes that Ms. Zee has stuffed a blanket at the base of the classroom’s small rectangular window near the ceiling because the window does not close completely.

John suspects that Ms. Zee’s classroom walls are contaminated with mold. Upon further research, Nurse John learns that if water gets between the exterior and the interior of a building’s wall, mold can grow in the moist environment. This situation can occur as the result of construction defects in the building (e.g., leaky windows). Nurse John also learns that people who are exposed to extensive mold growth may experience allergic reactions, such as hay fever-like allergy symptoms, and that people who already have a chronic respiratory disease, such as asthma, may experience difficulty breathing when exposed to mold. Nurse John is concerned about the possible mold contamination effect on his asthmatic student, Steven.

Questions

1.   Identify the agent, host, and environment in this case study, and describe how they interacted to bring about the occurrence of disease.

2.   Is the mold contamination in Ms. Zee’s room a point-source pollutant or a non–point-source pollutant?

In: Nursing

Watch the attached video and read the paragraphs that follow. Once completed, describe in 300 words...

Watch the attached video and read the paragraphs that follow. Once completed, describe in 300 words how this new technology can impact Amazon.

In 2013 Amazon announced a bold new venture: a drone delivery service that could bring products to customers within 30 minutes. Three years later, the e-commerce giant completed its first Amazon Prime Air delivery during a trial run in Great Britain. Of course, the company still has a long way to go before its drones are ready to take flight in great numbers. Along with figuring out many technical details, Amazon must also deal with regulations that limit where drones can and cannot fly. In the U.S., for instance, drones are not allowed to soar above densely populated areas.

As a result, Amazon has established research facilities in Great Britain, Austria and France in order to test its drones in less regulated skies. At its British outpost, the company currently has two customers enrolled in a pilot program for Prime Air. While this lucky pair have made headlines for receiving Amazon’s first drone-delivered packages, perhaps the company‘s most important work is being done at its R&D center in France. In this facility located near Paris, about a dozen software engineers and aviation experts are building an air-traffic control system for the company’s growing drone fleet.

Amazon researchers first tried to adapt air-traffic methods used by airlines only to discover that these techniques didn’t work with low-flying drones. Instead, they began to develop a system that focuses on guiding drones past obstacles like power lines, buildings, and birds. This approach relies on creating detailed maps that include temporary objects like construction cranes as well as up-to-the-second weather conditions. What’s more, the autonomous drones will also be able to warn each other in real-time if they encounter any risks on a flight. Despite these latest advancements, though, there’s still no telling when Amazon Prime Air will be ready to go live. “This is highly regulated,” said Amazon’s VP for global innovation policy Paul Misener. “We’re not going to launch this until we can demonstrate its safety.”

In: Economics

Give examples–a formula and an illustration–of two-dimensional vector fields F⃗(x,y) with each of the following properties....

Give examples–a formula and an illustration–of two-dimensional vector fields F⃗(x,y) with each of the following properties. You could do the illustrations by hand.

a) The direction of F⃗ is constant but the magnitude is not constant.

b) The magnitude |F⃗| is constant but the direction is not constant.

c) All the vectors F⃗ along a horizontal line are equal, but F⃗ is not constant overall.

d) F⃗ (x, y) is perpendicular to xˆi + yˆj at every point (x, y).

e) F⃗ is a force field which repels from the origin. It is strongest near the origin, and weaker farther

away.

In: Advanced Math

Given the spectral data, determine the structure of the following compound. Show all work. Combustion analysis:...

Given the spectral data, determine the structure of the following compound. Show all work. Combustion analysis: C: 85.7% H: 6.67% MS: Molecular ion at m/z= 210, base peak at m/z=167 1H-NMR: 7.5-7.0 ppm (m, 10H) 5.10 ppm (s, 1H) 2.22 ppm (s, 3H) 13C-NMR: 206.2 (C) 128.7 (CH) 30.0 (CH3) 138.4 (C) 127.2 (CH) 129.0 (CH) 65.0 (CH) IR: Strong absorbance near 1720 cm -1

In: Chemistry

Think about the money you spend every day. You probably spend the most money at or...

Think about the money you spend every day. You probably spend the most money at or near the beginning of each month. However, after all the bills are paid, you have what are often referred to as discretionary funds. That’s money you can spend any way you wish. Please tell us on what types of things you spend that extra-or discretionary-money? How will learning the Quicken software help you determine whether you have discretionary funds, and if so, how much each month?

In: Accounting

There are a number of disorders that result in people experiencing chronic (long-term) pain even though...

There are a number of disorders that result in people experiencing chronic (long-term) pain even though there might be no known physical cause for this pain. This can result from the transmission of action potentials even though under normal circumstances, the size of the stimulus might not warrant an AP transmission, or at least not as frequent a transmission.

What could be a possible cause for this phenomenon? [It can not be a change in the brain itself, or a problem with the interpretation of the signal in the brain. Nor can neurons change their threshold potential. In other words, what could change in or near a neuron to cause more frequent AP transmissions?]

In: Biology