Below is the variable costing income statement for South Bend Co.

Sales, 6,000 units                                                                        $210,000

Total variable costs:

          Beg. inventory,            680 units              $13,600

          Variable manufacturing cost of

          goods manufactured,       ? units           + 132,000

          Ending inventory,     1,280 units           - (25,600)

          Variable manufacturing cost of goods $120,000

          Variable selling & admin. exp.              + 24,900     ($144,900)

Contribution margin                                                                    $65,100

Total fixed costs:

          Fixed factory overhead                            $19,800

          Fixed selling and admin. expenses       + 15,300       ($35,100)

Operating income                                                                        $30,000

REQUIRED:

1. Prepare an absorption-costing income statement.
2. Reconcile the difference in income.

A sample of 16 Triple-A minor league baseball teams were selected for statistical analysis. The following data show the average attendance for the 16 teams selected. Also shown are the teams’ records; W denotes the number of games won, L denotes the number of games lost, and PCT is the proportion of games played that were won.  Additionally, each teams’ major league association was given. The data are contained in the file named AAA.

1. Report your results in a summary
   1. Introduction:  In your own words, briefly discuss the motivation of this research (why would a study on credit card charges be of interest?).
   2. Graph and Summary statistics:  present a graph that summarizes the data along with a table of summary statistics for each variable in the data set.  An interpretation must accompany any graph, chart, or table that you use.
   3. Methods:  
      1. Develop estimated regression equations, first using attendance as the dependent variable and then using number of wins as the independent variable. Discuss your findings.
      2. Develop an estimated regression equation with attendance as dependent variable and both league and wins as the independent variables.  Discuss your findings.
      3. What is the predicted attendance for an America league AAA team with 72 wins?

4. Discussion:  Interpret the statistical decision you arrived at in terms that would be useful for sport organizations.  This section should also include suggestions for further research and/or discussion of additional variables that may provide more precise results.  

A sample of 16 Triple-A minor league baseball teams were selected for statistical analysis. The following data show the average attendance for the 16 teams selected. Also shown are the teams’ records; W denotes the number of games won, L denotes the number of games lost, and PCT is the proportion of games played that were won.  Additionally, each teams’ major league association was given. The data are contained in the file named AAA.

1. Report your results in a summary (see sample outline on Blackboard under Start Here).
   1. Introduction:  In your own words, briefly discuss the motivation of this research (why would a study on credit card charges be of interest?).
   2. Graph and Summary statistics:  present a graph that summarizes the data along with a table of summary statistics for each variable in the data set.  An interpretation must accompany any graph, chart, or table that you use.
   3. Methods:  
      1. Develop estimated regression equations, first using attendance as the dependent variable and then using number of wins as the independent variable. Discuss your findings.
      2. Develop an estimated regression equation with attendance as dependent variable and both league and wins as the independent variables.  Discuss your findings.
      3. What is the predicted attendance for an America league AAA team with 72 wins?

4. Discussion:  Interpret the statistical decision you arrived at in terms that would be useful for sport organizations.  This section should also include suggestions for further research and/or discussion of additional variables that may provide more precise results.  

1. In a magazine that has 98 pages of adds of the 152 pages total: a. Based on this sample result, construct a 95% confidence interval estimate of the percentage of all popular magazine pages that have advertising. (See section 7-2 of the textbook for examples of such confidence intervals). b. Give a description of what this confidence interval tells you about magazine advertising. c. What would change about your confidence interval if you changed the confidence level to 99%?

Instructions:

Prepare a sales letter addressed to:

Dr. Jason Tanner

John A. Logan College

700 Logan College Road

Carterville, IL 62918

You should submit the assignment to me by the date indicated in the schedule for the class. No late assignments may be submitted unless prior arrangements are made with the instructor.

Background Situation:

Assume you are a marketing assistant for a large magazine publisher named Wilderness Publishing Company. You have been asked to write a sales letter trying to convince potential customers to purchase a subscription to Outdoor Life magazine. The cost of the subscription is $80 for 12 issues.

You may select the style of the letter (modified block or block style) and include the current date. Your letter should include a letterhead for Wilderness Publishing Company at 2112 Fairview Drive, Evansville, IN 47712. Your name and job title (marketing assistant) should be included in the signature section of the letter.

Grammar hint to remember: Publications are presented using italic print; therefore, remember to identify the magazine as Outdoor Life magazine (the word magazine is not capitalized or in italic print).

Specific features your letter should include are:

• Paragraph 1 – a technique designed to capture the attention of the reader.
• Paragraph 2 – information to develop interest in your magazine; include creative descriptions of the content of Outdoor Life magazine (including the type of articles and features included in the magazine).
• Paragraph 3 – develop your persuasive message to create a desire for the reader to want to subscribe as you introduce the price and mention benefits of subscribing.
• Paragraph 4 – tell the reader what specific action to take to subscribe to the magazine. Remember to use the action ending techniques of making it easy and specific to inform the reader how to take action to respond to your offer (for example, a toll free telephone number or postage-paid card to return). Also, the action ending should urge haste for the reader to respond and emphasize why it is to the reader’s benefit to act quickly to take advantage of the offer.

Please refer to the Writing Assignment 3 Evaluation Sheet to determine how points can be earned and lost.

South Africa is emerging as a profitable production and export base for some of the world’s big auto manufacturers, despite the country’s remoteness, its reputation for labour militancy and political uncertainties. South Africa has also become a key supplier of motor industry components. With massive platinum and palladium deposits, South Africa has emerged from nowhere to take nearly 10% of the world’s production of catalytic converters, which is set to increase to 25%. This did not happen by accident. It is the result of a deliberate strategy by the government to draw the world’s best car manufacturers into South Africa, and drag the domestic industry from behind protectionist barriers into the highly competitive global market for cars and components. ‘When we started, the South African auto industry was in ruins,’ an economist from the government’s Motor Industry Development Programme (MIDP), said. ‘Domestic production could not even compete with imports, which faced duties in excess of 115%,’ he adds. MIDP has kick started South Africa’s ailing motor industry by attracting the world’s big car makers with many financial incentives. The new factories have had the benefit of generating thousands of new jobs and forcing hundreds of small and medium-sized local suppliers to improve quality and productivity or face extinction. Exports of fully built cars have increased to 5 billion rand, and are expected to double within two years. At the same time, exports of components have trebled to 12 billion rand. German car manufacturers have been the first to take advantage of MIDP’s export credits and investment allowances, although Italian and French companies, such as Fiat and Renault are rapidly following. DaimlerChrysler has just announced that it is switching its entire production of right-hand drive C-class Mercedes Benz cars from Bremen in Germany to the Eastern Cape in an investment project worth 1.3 billion rand, which will create 800 new jobs at the plant and 3000 new jobs in the supply industry. Mercedes’ East London factory in South Africa is now exporting C-class models to the USA, the biggest car market in the world. BMW has invested 1 billion rand upgrading its Rosslyn plant near Pretoria, which will export 75% of the 40 000 3-series cars produced each year to Britain, Germany, Japan, America, Australia, Hong Kong, Singapore, New Zealand, Taiwan and Iran. Daily output has increased five-fold since creating 900 new jobs at the Rosslyn plant, and an estimated 18 000 jobs in the car component industry. The Eastern Cape remains one of the poorest regions in the country. Average black disposable income stands at a low 5000 rand a year, compared with the white population’s 45 000 rand a year. When Volkswagen were looking for 1300 workers to replace those who were sacked for participating in an illegal strike, 23 000 turned up outside the factory gates in the hope of being chosen. The extra incomes created by the industry help to boost other local industries such as retailing and house construction. The success of MIDP ‘has been a huge confidence booster for us,’ the MIDP spokesperson says. ‘It has enabled us to bring about big productivity improvements, stabilise employment, reduce the real cost of new vehicles, and give consumers more choice.’ Questions: Q1. List four multinational companies that have invested in South Africa. Q2. Using the case as well as your own knowledge, explain three reasons for these manufacturers setting up factories in South Africa. Q3. Analyse the benefits South Africa appears to be gaining from such investment. Q4. Evaluate whether the government of South Africa should continue to support investment by multinational businesses in its economy.

Tiffany is worried about her newborn son. Ever since she brought Caleb home from the hospital it has been so hard to get him to eat and he seems to be breathing too hard all the time. She stopped breast-feeding and tried every bottle and formula on the market, but nothing has worked. So, at his one month check-up, her stomach is in knots as they place Caleb on the scale. The nurse says, “9 pounds, 7 ounces.” Tiffany realizes Caleb has only gained one pound since he was born and she breaks into tears.

Dr. Baker checks over Caleb in the exam room, taking extra time feeling and listening to his chest. During the exam, Tiffany explains her struggle with trying to get her son to eat and how he cries almost the entire day. After the exam Dr. Baker says, “When I listen to Caleb’s heart I hear an extra sound called a murmur. I want to use an echocardiogram and an ECG to get a good picture of all the parts of his heart.”

Short Answer--
Answer the following short answer questions, again with complete sentences.

1) With the defect in Caleb’s heart where it is, what would be different (irregular) with the blood flow through the heart? (ie explain blood flow during atrial and ventricular systole for this heart and why)

2) Explain what happens to Caleb’s systemic cardiac output as a result of his ventricular septal defect.

3) Why would this defect in the heart cause Caleb to breathe too hard? Explain in terms of the Blood volume in pulmonary circuit.

4) Based on the location of Caleb’s defect, what part of the conduction system might be at risk for abnormalities?

5) What would the basic results of a CBC blood test results be if this is Caleb's only problem? Low/ Normal/ High) and why

6) How about Hormone levels in the blood of the hormones gone over so far in lab?

In 50-100 words describe ADS-B. Explain how this technology will allow for reduced separation during cruise flight (from 3 miles down to as little as 1 mile).

Jack Tar, CFO of Sheetbend & Halyard, Inc., opened the company confidential envelope. It contained a draft of a competitive bid for a contract to supply duffel canvas to the Canadian Armed Forces. The cover memo from Sheetbend’s CEO asked Mr. Tar to review the bid before it was submitted. The bid and its supporting documents had been prepared by Sheetbend’s sales staff. It called for Sheetbend to supply 100,000 yards of duffel canvas per year for 5 years. The proposed selling price was fixed at $30 per yard.

The cost of goods will increase for this this project is 70% in the first year followed by 73%, 76%, 78.74% and 82% in years 2 through 5.Company tax rate is 35% Mr. Tar was not usually involved in sales, but this bid was unusual in at least two respects. First, if accepted by the forces, it would commit Sheetbend to a fixed-price, long-term contract. Second, producing the duffel canvas would require an investment of $1.5 million to purchase machinery and to refurbish Sheetbend’s plant in Saint John, New Brunswick. Mr. Tar set to work and by the end of the week had collected the following facts and assumptions:

• The plant in Saint John was built in the early 1900s and is now idle. The plant was fully depreciated on Sheetbend’s books, except for the purchase cost of the land (in 1947) of $10,000. • Now that the land was valuable shorefront property, Mr. Tar thought the land and the idle plant could be sold, immediately or in the future, for $600,000.

• Refurbishing the plant would cost $500,000. This investment would be depreciated for tax purposes in an asset class that has a CCA rate of 5%. • The new machinery would cost $1 million. This investment could be depreciated in an asset class that has a CCA rate of 30%.

• Working capital requirement is 10% of sales • The refurbished plant and new machinery would last for many years. However, the remaining market for duffel canvas was small, and it was not clear that additional orders could be obtained once the Forces contract was finished. The machinery was custom-built and could be used only for duffel canvas. Its second-hand value at the end of 5 years was probably zero.

1) Armed with this information, construct a spreadsheet/table to calculate the NPV of the duffel canvas project, assuming that Sheetbend’s bid would be accepted by the Forces. Should Mr. Tar recommend submitting the bid to the Forces at the proposed price of $30 per yard? The discount rate for this project is 12%.

2) He had just finished debugging the spreadsheet when another confidential envelope arrived from Sheetbend’s CEO. It contained a firm offer from a New Brunswick real estate developer to purchase Sheetbend’s Saint John land and plant for $1.5 million in cash. Which offer would you except 5 marks

Show all calculations and rationale . Use the Cheat Sheet NPV Analysis as a template for this analysis Hint Think of the three areas that have to be examined

1. Cash flow from investments in plant and equipment – capital investment.

2. Cash flow from investment in working capital 3. Cash flow from operations