Questions
Use the St. Louis Federal Reserve (FRED) database to find the following: 1. Find U.S. Real...

Use the St. Louis Federal Reserve (FRED) database to find the following:

1. Find U.S. Real Gross Domestic Product per capita. Submit URL

2. Using a time frame for the year (Q4 2018), select the same time frame a year earlier (Q4 2017), FY 18.

3. Compute the change in real GDP per capita for the year in question. That is equal to: (real GDP per capita in 2018 - real GDP per capita in 2017)/(real GDP per capita in 2017).

4. Repeat the same computations for 2015 to 2016, FY 16; and 2016 to 2017, FY 17.

In: Economics

Can you please explain to me what is happening in the line Update PRODUCT 11QER/31, P_QTYOH...

Can you please explain to me what is happening in the line

Update PRODUCT 11QER/31, P_QTYOH from 47 to 46

like why 47 to 46 and no other number?

in the code

Lock INVOICE

Insert row 10983 into INVOICE

Unlock INVOICE

Lock LINE

Insert row 10983, 1 into LINE

Unlock LINE

Lock PRODUCT

Update PRODUCT 11QER/31, P_QTYOH from 47 to 46

Unlock PRODUCT

Lock CUSTOMER

Update CUSTOMER 10010, CUS_BALANCE from 345.67 TO 464.47

Update CUSTOMER 10010, CUS_DATELSTPUR from 11-May-2016 to 03-June-2016

Unlock CUSTOMER

In: Operations Management

Analyze the following ratios. What does the NET PROFIT MARGIN RATIO tell about this company? Are...

Analyze the following ratios.

What does the NET PROFIT MARGIN RATIO tell about this company? Are the trends getting better or worse? Why or why not? Would you recommend purchase of this stock? Why or why not? Please explain your answers.

Net Profit

2016

2017

2018

Margin Ratio

10.91

8.97

8.71

What does the RETURN ON TOTAL ASSETS RATIO tell about this company? Are the trends getting better or worse? Why or why not? Would you recommend purchase of this stock? Why or why not? Please explain your answers.

Return Total

2016

2017

2018

Assets Ratio

6.75%

5.10%

5.06%

In: Finance

On January 1, 2014, Fishbone Corporation sold equipment to Lost Company that cost $250,000 and that...

On January 1, 2014, Fishbone Corporation sold equipment to Lost Company that cost $250,000 and that had accumulated depreciation of $100,000 on the date of sale. Fishbone received as consideration a non-interest-bearing note requiring payments of $80,000 annually for 3 years. The first note payment is to be made on January 1, 2014. The prevailing rate of interest for a note of this type on January 1, 2014, was 5%.

Record the 1/1/14 transaction for Fishbone Corporation and all necessary entries from 2014-2016.

Record the 1/1/14 transaction for Lost Company and all necessary entries from 204-2016.

In: Accounting

During 2018, WMC Corporation discovered that its ending inventories reported on its financial statements were misstated...

During 2018, WMC Corporation discovered that its ending inventories reported on its financial statements were misstated by the following amounts:

2016 understated by $ 132,000
2017 overstated by 174,000

   
WMC uses the periodic inventory system and the FIFO cost method.

Required:
1-a. Determine the effect of 2016 errors on retained earnings at January 1, 2018, before any adjustments. (Ignore income taxes.)
1-b. Determine the effect of 2017 errors on retained earnings at January 1, 2018, before any adjustments. (Ignore income taxes.)
2. Prepare a journal entry to correct the error made in 2017.

In: Accounting

For this assignment, you will select a current research paper (published since 2016) to review. You...

For this assignment, you will select a current research paper (published since 2016) to review. You may select any research paper that is related to Data Science or Big Data Analytics. I strongly recommend that you start your search at Google Scholar (scholar.google.com). Once you enter your search term(s), select the "Since 2016" link on the left. Feel free to choose ANY relevant paper. (I would recommend that you select one that you can read and summarize in a reasonable amount of time. Don't select a 100 page paper!)

Need 200 words review on that paper

In: Computer Science

WILDHORSE COMPANY Balance Sheets December 31 Assets 2017 2016 Cash $  70,000 $  68,000 Debt investments (short-term) 51,000...

WILDHORSE COMPANY
Balance Sheets
December 31

Assets

2017

2016

Cash

$  70,000

$  68,000

Debt investments (short-term)

51,000

40,000

Accounts receivable

109,000

91,000

Inventory

231,000

167,000

Prepaid expenses

27,000

26,000

Land

134,000

134,000

Building and equipment (net)

264,000

186,000

Total assets

$ 886,000

$ 712,000

Liabilities and Stockholders’ Equity

Notes payable

$ 171,000

$ 109,000

Accounts payable

67,000

53,000

Accrued liabilities

41,000

41,000

Bonds payable, due 2017

250,000

170,000

Common stock, $10 par

206,000

206,000

Retained earnings

151,000

133,000

Total liabilities and stockholders’ equity

$ 886,000

$ 712,000

WILDHORSE COMPANY
Income Statements
For the Years Ended December 31

2017

2016

Sales revenue

$ 899,000

$ 798,000

Cost of goods sold

650,000

575,000

Gross profit

249,000

223,000

Operating expenses

192,000

168,000

Net income

$  57,000

$  55,000


Additional information:

1. Inventory at the beginning of 2016 was $ 117,000.
2. Accounts receivable (net) at the beginning of 2016 were $ 90,000.
3. Total assets at the beginning of 2016 were $ 634,000.
4. No common stock transactions occurred during 2016 or 2017.
5.

All sales were on account.

Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2017, and (2) as of December 31, 2018, after giving effect to the situation. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%. If % change is a decrease show the numbers as negative, e.g. -1.83% or (1.83%).)

Situation

Ratio

1.

18,000 shares of common stock were sold at par on July 1, 2018. Net income for 2018 was $ 54,000.

Return on common stockholders’ equity

2.

All of the notes payable were paid in 2018. All other liabilities remained at their December 31, 2017 levels. Total assets on December 31, 2018, were $ 908,000.

Debt to assets ratio

3.

The market price of common stock was $ 9 and $ 12 on December 31, 2017 and 2018, respectively.

Price-earnings ratio

2017

2018

% Change

2017

2018

% Change

Return on common stockholders’ equity

enter percentages

%

enter percentages

%

enter percentages

%

Debt to assets ratio

enter percentages

%

enter percentages

%

enter percentages

%

Price earnings ratio

enter a price earnings ratio in times

times

enter a price earnings ratio in times

times

enter percentages

%

Total assets for 2018: 908,000.

In: Accounting

MERMED Inc. is a medical device manufacturer. The company’s headquarters is located in Houston, Texas. It...

MERMED Inc. is a medical device manufacturer.

The company’s headquarters is located in Houston, Texas. It is a global leader in developing, manufacturing, selling and servicing diagnostic imaging and therapeutic medical devices used to diagnose and treat cardiovascular and other diseases. MERMED earned $300 million of revenue in 2015, while employing more than 10,000 people worldwide. One of it’s manufacturing plants is located in Dingle, Co. Kerry, Ireland. Tom Jones is the plant manager at the Dingle facility.

The Dingle site runs 12 hour shifts, 7 days a week. It has 1000 employees. It manufactures a variety of of medical devices (including Class III devices). A number of it's products are sold in the US and European markets. The facility has a Quality Management System in place. Their Quality Management System is in compliance with ISO 13485:2016 and 21 CFR 820. Their facility is frequently audited by Notified Bodies and the FDA.

The site was recently audited by corporate. The corporate auditing team were checking the site's compliance with ISO 13485:2016 and 21 CFR 820. The auditors found a number of potential non-conformances to  ISO 13485:2016 and 21 CFR 820.

You must complete 4 tasks (for each of the 5 incidents/questions):

1.   Review each of these potential non-conformances (5 incidents in total)

2. Determine if they are non-conformances against the requirements of the ISO13485:2016 AND 21 CFR 820.

3. If they are non-compliances, write down the specific clause numbers in ISO 13485:2016 AND specific section number of 21 CFR 820 which is applicable (write down the main clause/section in each regulation that the non-compliance is against).

Note:  ISO 13485:2016 and 21 CFR 820 are available in the "Additional Resources" section, under the section heading "Quality Systems Regulations (EU and US)" (contained within Section A Medical Device Regulatory Affairs).

4. Briefly EXPLAIN your decision in 100-170 words.

QUESTION 4

The operation of a weighing scale (equipments ID 186749) was reviewed by the inspector in the Box Packing section. The weighing scale was in use during the current shift. The operating procedure (SOP18654) for the scale states that it must be calibrated at the beginning and end of each shift. The operating procedure states that that the calibration of the scales is recorded in a log book(Calibration Log for ID 186749 ). The inspector asked to review this log book. The maintenance technician who was interviewed said that the log book was held by the maintenance technician on the night shift and he always kept it in his desk drawer which was locked.

In: Mechanical Engineering

Clicker Assignment: Ch. 10 & Job Order Costing Clicker questions will be asked in class based...

Clicker Assignment: Ch. 10 & Job Order Costing Clicker questions will be asked in class based on your completion of this preparation guide. Example in class question: What is the answer to Question 2? You will not have time to complete this guide in class!  

  1. Classify each cost as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or a period cost for a shoe manufacturer.

Leather                                                                         DM       DL         MOH    Period Cost

Utility bill for the manufacturing plant                           DM       DL         MOH    Period Cost

Depreciation expense on accounting dept. copier           DM       DL         MOH    Period Cost

Wages of production line employees                              DM       DL        MOH    Period Cost

Wages of sales employees                                             DM       DL        MOH    Period Cost

Shoe laces                                                                    DM       DL         MOH    Period Cost

Plant supervisor                                                            DM       DL         MOH    Period Cost

Depreciation expense on sewing machines                     DM       DL         MOH    Period Cost

  1. Dixon Company reported the following year-end information:

Beginning raw materials inventory                30,000

Ending raw materials inventory                     48,000

Beginning work in process inventory             108,000

Ending work in process inventory                  90,000

Raw Materials purchased                               110,000

Direct Labor                                                    96,000

Manufacturing Overhead                               77,000

What is Dixon Company’s cost of direct materials used?

  1. Given the following information, solve for Cost of Goods Sold (COGS).  

Raw Materials Inventory, January 1, 2016                      $14,500

Raw Materials Inventory, December 31, 2016                $16,000

Work in Process Inventory, January 1, 2016                    $30,000

Work in Process Inventory, December 31, 2016              $24,000

Finished Goods Inventory, January 1, 2016                     $10,000

Finished Goods Inventory, December 31, 2016               $12,000

Cost of Goods Manufactured                                         $140,000

  1. Answer the questions below to describe the flow of costs in a Job Order Costing system.  

  1. What are the three categories of manufacturing costs?  

  1. What account is increased when manufacturing costs are assigned to a Job?
  1. What account is increased when transferring the cost of a completed job?

  1. What account is increased when a completed job is sold?
  1. The Anderson Company estimates that total manufacturing overhead for the year will be $15,000,000 and total machine hours will be 200,000 hours. However, the actual manufacturing overhead is $8,000,000 and the actual machine hours are 100,000 hours. If the company uses a predetermined overhead rate based on machine hours for applying overhead, what is the predetermined overhead rate?

PLEASE ANSWER ALL QUESTIONS

In: Accounting

1)Lantz Company has provided the following information: Cash sales totaled $200,000. Credit sales totaled $480,000. Cash...

1)Lantz Company has provided the following information:

Cash sales totaled $200,000.

Credit sales totaled $480,000.

Cash collections from customers for services yet to be provided totaled $80,000.

A $16,000 loss from the sale of property and equipment occurred.

Interest income was $7,800.

Interest expense was $18,000.

Supplies expense was $300,000.

Rent expense for the store was $30,000.

Wages expense was $40,000.

Other operating expenses totaled $70,000.

Unearned revenue was 4,900.

What is the amount of Lantz’s income before income taxes?

2)

During 2016, Sensa Corporation incurred operating expenses amounting to $150,000 of which $90,000 was paid in cash; the balance will be paid during 2017. Which of the following is correct for the 2016 year-end balance sheet?

Stockholders' equity decreases $150,000, assets decrease $90,000, and liabilities increase $60,000.

Assets decrease $150,000, liabilities increase $60,000, and stockholders' equity decreases $150,000.

Stockholders' equity decreases $90,000 and assets decrease $90,000.

Assets decrease $150,000 and stockholders' equity decreases $150,000.

3)On December 31, 2016, Krug Company reported total liabilities of $190,000 prior to the following adjusting entries:

Depreciation expense: $41,000;

Accrued sales revenue: $39,000;

Accrued expenses: $28,000;

Used insurance: $7,000; the insurance was initially recorded as prepaid.

Rent revenue earned: $5,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue.

How much are Krug's total liabilities after the adjusting entries?

$213,000.

$190,000.

$174,000.

$231,000.

4Lantz Company has provided the following information:

Cash sales totaled $370,000.

Credit sales totaled $497,000.

Cash collections from customers for services yet to be provided totaled $97,000.

A $22,000 loss from the sale of property and equipment occurred.

Interest income was $9,500.

Interest expense was $19,700.

Supplies expense was $440,000.

Rent expense for the store was $36,000.

Wages expense was $57,000.

Other operating expenses totaled $87,000.

Unearned revenue was $3,000.

What is the amount of Lantz’s income from operations (operating income)?

rev: 09_18_2017_QC_CS-100581

$184,800

$206,800

$225,000

$314,000

5)Top Company's 2016 sales revenue was $160,000 and 2015 sales revenue was $140,000. Top's total assets as of December 31, 2016 were $210,000 and total assets as of January 1, 2016 were $190,000. What is Top's total asset turnover ratio?

.79

.76

.85

.80

In: Accounting