You are the manager of a healthcare facility that is considering different payment options for buying supplies for your facility. The annual charges for these supplies is $10,000 and the vendor is offering you three payment options to consider.

option 1: 3% discount if you make the full payment in 30 days.

option 2: quarterly payments at the beginning of each quarter with a service charge of $100 per quarter.

option 3: monthly payments at the beginning of each month with a service charge of 3% for each monthly payment.

Q1: Which of these three options provides the best value for money? Why?

Q2: Payments for these supplies are made from your bank account which has a current balance of $30,000 and earns monthly interest of 0.2%.

a. Which of these three options now provides the best value for money?

b. At what interest rate would you be indifferent between Options 1 and 2?

c. At what interest rate would you be indifferent between Options 2 and 3?

d. Consider the ending balances under each of these three options for interest rate ranging from 0.0% to 2.0%. Develop data tables to compute the ending balances for this range of interest (consider interest increments of 0.2%). Depict your results in a line graph.

Circle Class (This is in JAVA)

/**
 * Defines a basic shape with just area
 *
 * @author Jo Belle
 * @version 0.2 (10/05/2020)
 */
public class Shape{
    private double area;

    public Shape(){ area = 0.0; }
    public Shape( double a ){ this.area = a; }
    public void setArea( double a ){ area = a; }
    public double getArea(){ return area; }
    public String toString(){
        return "Shape:\n\tarea: " + area;
    }
}

/**
 * Create a simple Circle object
 *
 * @author Jo Belle
 * @version 0.2 (10/12/2020)
 */
public class ShapeDriver{
    public static void main( String[] args ){
        Circle cir = new Circle( );
        cir.setRadius( 5.0 );
        System.out.println( cir.toString() );
    }
}

Given the code above, write a Circle class (and save it in a file named Circle.java) that inherits from the Shape class. Include in your Circle class, a single private field double radius. Also include a method void setRadius(double r) (which also sets area) and a method double getRadius() (which also returns the current radius). Change the accessibility modifier for area in the Shape class to be more appropriate for a base class. Make sure that ShapeDriver's main() method executes and produces the following output:

Shape:
        area: 78.53981633974483
        radius: 5.0

Submit both your Circle.java and your Shape.java files.

2008 Summer Olympics in Beijing, China, in a world record of 9.58 seconds. That works out to be about 23.4 miles per hour over the course of the race. For a brief period during that sprint, Bolt reached an astounding 40 feet per second (27.51 mph). As a physical activity, running is very different from walking. In running, a person's legs flex and the muscles stretch and then contract during acceleration. As the runner's muscles release and absorb energy, the overall energy in the person's body changes and leads to increased speed. What Makes An Elite Runner? Scholars believe that the fastest runners — the elite sprinters like Bolt - are those who use a low amount of energy for every foot that they run, compared to other people. The ability to do that is influenced by a number of different factors, including their age, sex and distribution of muscles. The fastest of the elite runners are young men. The way in which a person's body moves in time and space is called biomechanics. The possible speed of a runner is influenced by their biomechanics, especially how their legs move as they run. Many different factors could influence a person's running speed, including how much time the foot spends touching the ground, how far the legs swing and the angle and distance of the stride. In particular, sprint runners maximize their acceleration and top speed by applying more force relative to their body weight. Their ankles move faster and they take more steps per minute. Long-Distance Runners: When considering speed, sports researchers also look at long-distance runners, who race distances between 3 and 26 miles. The fastest of these runners use considerable plantar pressure, which is the amount of pressure the foot puts on the ground. Changes in biomechanical factors, or how the legs move over time and space, also seem to have a significant effect. As with sprinters, the fastest group in marathon running is men aged between 25 and 29. Those men have an average speed between 558 and 577 feet per minute. This information was gathered from the marathons that were run in Chicago and New York between 2012 and 2016. The New York City marathon runs in waves. There are four groups of runners who begin the race roughly 30 minutes apart. As a result, statistics are available for runner speeds at 3-mile segments throughout the race. Researcher Zhenquan Lin and his team used that data to show that one factor of speed is competition. Runners increase speed and change positions more frequently at the end of the race. The Upper Limits In comparison to other animals, humans are very slow. The fastest animal on record is the cheetah, which can run up to 70 mph. Even Usain Bolt can only attain a fraction of that. Recent research on the most elite runners has led sports medicine expert Peter Weyand and his team to suggest that the upper limit might reach 35-40 mph. So far though, no one has been willing to confirm that in an official publication. In other words, scientists still need to find more Proof. Statistics: According to Rankings.com, the fastest three male sprinters in the world today are Usain Bolt, Tyson and Asafa Powell. Bolt and Powell are Jamaican, and tyson is American. Bolt set the 100-meter record at the 2008 Summer Olympic Games in Beijing, China, completing the race in 9.58 seconds. His speed was 34.25 feet per second. tyson's fastest time is 9.69 seconds. Powell's is 9.72 seconds. The fastest three female sprinters are Florence Griffith Joyner, Carmelita Jeter and Marion Jones, who are all American. Joyner's fastest time in the 100-meter was 10.49 seconds, set in the 1988 Olympics in Seoul, South Korea, at a speed of 31.27 feet per second. Jeter's fastest time is 10.64 seconds. Jones' is 10.65 seconds. The three fastest male marathon runners are, according to Runners World, Dennis Kimetto of Kenya, Kenenisa Bekele of Ethiopia and Eliud Kipchoge of Kenya. Kimetto set the record for the fastest marathon time at the Berlin Marathon in 2014. He completed the 26.2-mile race in just 2 hours, 2 minutes and 57 seconds. Bekele finished the Berlin Marathon in 2:03:03 in 2016. Kipchoge ran the London Marathon in 2:03:05 in 2016. The three fastest female marathon runners are Paula Radcliffe of England, Mary Keitany of Kenya and Tirunesh Dibaba of Kenya. Radcliffe completed the 2003 London Marathon in 2:15:25. Keitany completed the 2017 London Marathon at 2:17:01. Dibaba finished the same race in 2:17:56.

Examine the ideas in the article. in a short paragraph that explains the central idea of the article. Use at least two details from the article to support your response.

Raymond Santana created Computer Solutions on October 1, 2019. The company has been successful, and its list of customers has grown.

In response to requests from customers, R. Santana will begin selling computer software. The company will extend credit terms of 1/10, n/30, FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Also, Business Solutions does not use reversing entries and, therefore, all revenue and expense accounts have zero beginning balances as of January 1, 2020. Its transactions for January through March follow:

I am mainly interested in COGS and inventory transactions (journal entries), and both of the account end balances. Please show the work. Thank you

Data: Selling price per large Snowie 5$

Ice per snowie (need one per servin)$0.2

Spoon straw (need one per serving)$0.02

Napking(need two per snowine) $0.01

Serving per gallon of syrup $28

Cost per gallon of syrup (includes concentrate, preservative, and sugar) $4.25

Hourly rate for workers $10

Even registration fee per day $25

Electricity, insurance, maintenance, and permit cost per month $250

Kiosk rental cost per month (12 month) $650

Purchase cost of two ice shavers (5 year life) $3180

Purchase cost of flavor station (5 year life) $1080

Number of days you anticipate opening the kiosk per month 20

Number of hours you will work (no wages required) per day 6

Number of hours you will pay an employee to work in the kiosk per day 8

1. Number of days you anticipate opening the kiosk per month 20
2. Number of hours you will work( no wages required) per day 6
3. Number of hours you will pay an employee to work in the kiosk per day 8
4. Number of Snowies you estimate you will sell on average day 69

Question:

Syrup cost per snowie (cost per gallon/Servings per gallon of syrup)

Budget contribution margin income statement For the month ended July 31

Sales revenue from October 6900

Less variable expenses: Ice expense, Spoon straws, Styrofoam cups, napkins, syrup

Total variable expenses $ - No need

Total contribution margin $6900

Less fixed expenses: Wages for workers, event registration fees, kiosk rental cost, Depreciation – ice shavers, Depreciation flavor station

Total fixed expense $- No need

Oparating income $6900

Data: selling price per large Snowie 4$

Ice per snowie (need one per servin)0.2

Spoon straw (need one per serving)0.02

Napking(need two per snowine) 0.01

Serving per gallon of syrup 28

Cost per gallon of syrup (includes concentrate, preservative, and sugar) 4.25

Hourly rate for workers 10

Even registration fee per day 25

Electricity, insurance, maintenance, and permit cost per month 250

Kiosk rental cost per month (12 month) 650

Purchase cost of two ice shavers (5 year life) 3180

Purchase cost of flavor station (5 year life) 1080

Number of days you anticipate opening the kiosk per month 20

Number of hours you will work (no wages required) per day 6

Number of hours you will pay an employee to work in the kiosk per day 8

Questions:

Syrup cost per Snowie (cost gallon/serving per gallon od syrup)

Cost per day (Hourly rate for workers x Number of hours you will pay an employee)

Cost per month( Cost per day above x Number of days kiosk is open per month)

Total variable cost per snowie

Straight-line depreciation- ice shavers($3180/5years/12month)

Straight-line depreciation – flavour station($1080/5/12)

Total fixed cost per month

The U.S. Geological Survey compiled historical data about Old Faithful Geyser (Yellowstone National Park) from 1870 to 1987. Let x₁ be a random variable that represents the time interval (in minutes) between Old Faithful eruptions for the years 1948 to 1952. Based on 9520 observations, the sample mean interval was x₁ = 61.2 minutes. Let x₂ be a random variable that represents the time interval in minutes between Old Faithful eruptions for the years 1983 to 1987. Based on 25,340 observations, the sample mean time interval was x₂ = 71.2 minutes. Historical data suggest that σ₁ = 8.35 minutes and σ₂ = 12.41 minutes. Let μ₁ be the population mean of x₁ and let μ₂ be the population mean of x₂.

(a) Compute a 95% confidence interval for μ₁ – μ₂. (Use 2 decimal places.)

(b) Comment on the meaning of the confidence interval in the context of this problem. Does the interval consist of positive numbers only? negative numbers only? a mix of positive and negative numbers? Does it appear (at the 95% confidence level) that a change in the interval length between eruptions has occurred? Many geologic experts believe that the distribution of eruption times of Old Faithful changed after the major earthquake that occurred in 1959.

Because the interval contains only positive numbers, we can say that the interval length between eruptions has gotten shorter.

Because the interval contains both positive and negative numbers, we can not say that the interval length between eruptions has gotten longer.  

We can not make any conclusions using this confidence interval.

Because the interval contains only negative numbers, we can say that the interval length between eruptions has gotten longer.

The U.S. Geological Survey compiled historical data about Old Faithful Geyser (Yellowstone National Park) from 1870 to 1987. Let x₁ be a random variable that represents the time interval (in minutes) between Old Faithful eruptions for the years 1948 to 1952. Based on 9280 observations, the sample mean interval was x₁ = 62.0 minutes. Let x₂ be a random variable that represents the time interval in minutes between Old Faithful eruptions for the years 1983 to 1987. Based on 24,170 observations, the sample mean time interval was x₂ = 69.6 minutes. Historical data suggest that σ₁ = 8.35 minutes and σ₂ = 12.76 minutes. Let μ₁ be the population mean of x₁ and let μ₂ be the population mean of x₂.

(a) Compute a 99% confidence interval for μ₁ – μ₂. (Use 2 decimal places.)

(b) Comment on the meaning of the confidence interval in the context of this problem. Does the interval consist of positive numbers only? negative numbers only? a mix of positive and negative numbers? Does it appear (at the 99% confidence level) that a change in the interval length between eruptions has occurred? Many geologic experts believe that the distribution of eruption times of Old Faithful changed after the major earthquake that occurred in 1959.

Because the interval contains only positive numbers, we can say that the interval length between eruptions has gotten shorter.Because the interval contains both positive and negative numbers, we can not say that the interval length between eruptions has gotten longer.    We can not make any conclusions using this confidence interval.Because the interval contains only negative numbers, we can say that the interval length between eruptions has gotten longer.

Exercise 4

On January 1, 2017, Park Rapids Lumber Company issued $80 million in 20-year, 10% bonds payable. Interest is payable semiannually on June 30th and December 31st. Bond discounts and premiums are amortized straight-line at each interest payment date.

a. Record the journal entry when the bonds were issued on January 1, 2017, make the necessary the journal entry to record the payment of bond interest on June 30, 2017, under each of the following assumptions:

1. The bonds were issued at 98. Round your answers to the nearest dollar.

2. The bonds were issued at 101. Round your answers to the nearest dollar.

b. Compute the net bond liability at December 31, 2017, under assumptions 1 and 2 above. Round to the nearest dollar.

c. Under which of the above assumptions, 1 or 2 would the investor’s effective rate of interest be higher? Explain.

Exercise 5

Speed World Cycles sells high-performance motorcycles and Motocross racers. One of Speed World’s most popular models is the Kazomma 900 dirt bike. During the current year, Speed World purchased eight of these cycles at the following costs:

Purchase Date                               Units Purchased      Unit Cost   Total Cost

July 1                                                                 2                  $4,950          $9,900

July 22                                                              3                    5,000           15,000

August 3                                                  3                        5,100           15,300

                                                                  ------                         ------------

                                                                      8                                             $40,200

On July 28, Speed World sold four Kazomma 900 dirt bikes to the Vince Wilson racing team. The remaining four bikes remained in inventory at September 30, the end of Speed World’s fiscal year.

Assume that Speed World uses a perpetual inventory system.

a. Compute the cost of goods sold relating to the sale on July 28 and the ending inventory of Kazomma 900 dirt bikes at September 30, using the following cost flow assumptions:

1. Average cost

2. FIFO

3. LIFO

Show the number of units and the unit costs of each layer comprising the cost of goods sold and ending inventory.

b. Using the cost figures computed in part a. answer the following questions:

1. Which of the three cost flow assumptions will result in Speed World Cycles reporting the highest net income for the current year? Would this always be the case? Explain.

2. Which of the three cost flow assumptions will minimize the income taxes owed by Speed World Cycles for the year? Would you expect this usually to be the case? Explain.

3. May Speed World Cycles use the cost flow assumption that results in the highest net income for the current year in its financial statements, but use the cost flow assumption that minimizes taxable income for the current year in its income tax return? Explain.