Springstein began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totaled 34,000 units at $39 each. Costs incurred were:

If there were no variances, the company's variable-costing income would be:

$114,500.

$544,000.

$29,000.

None of these.

$86,000

Springer began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totaled 36,000 units at $40 each. Costs incurred were:

If there were no variances, the company's absorption-costing income would be:

None of these.

$720,000.

$206,300.

$291,800.

$281,300.

Highway Company reported the following costs for the year just ended:

If Highway uses throughput costing and had sales revenues for the period of $1,002,000, which of the following choices correctly depicts the company's cost of goods sold and income?

Choice A

Choice B

Choice C

Choice D

Choice E

Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company’s present selling price is $91 per unit, and variable expenses are $61 per unit. Fixed expenses are $833,400 per year. The present annual sales volume (at the $91 selling price) is 25,100 units.

Required:

1. What is the present yearly net operating income or loss?

2. What is the present break-even point in unit sales and in dollar sales? (Do not round intermediate calculations.)

  3. Assuming that the marketing studies are correct, what is the maximum annual profit that the company can earn? At how many units and at what selling price per unit would the company generate this profit?

  4. What would be the break-even point in unit sales and in dollar sales using the selling price you determined in (3) above (e.g., the selling price at the level of maximum profits)? (Do not round intermediate calculations.)

A magazine published data on the best small firms in a certain year. These were firms which had been publicly traded for at least a year, have a stock price of at least $5 per share, and have reported annual revenue between $5 million and $1 billion. The table below shows the ages of the chief executive officers for the first 68 ranked firms.

(a) What is the frequency for CEO ages between (but not including) 54 and 65? (Enter your answer as a whole number.)


(b) What percentage of CEOs are 65 years or older? (Round your answer to the nearest whole number.)
%

(c) What is the relative frequency of ages under 50? (Round your answer to two decimal places.)


(d) What is the cumulative relative frequency for CEOs younger than 55? (Round your answer to two decimal places.)

Q2. Distance (000, miles) traveled by a truck in a year is distributed normally with μ = 50.0 and σ = 12.0.

       Find

a. the proportion of trucks are expected to travel from 34.0 to 59 (000, miles)? (0.6816)

b. the probability that a randomly selected truck travels from 34.0 to 38.0 (000, miles)? (0.0669)

c. the %age of trucks that are expected to travel either below 30.0 or above 59.0 (000 miles) ? (27.41)

d. how many of the 1000 trucks in the fleet are expected to travel from 30.0 to 59.0 (000 miles)? (726)

e. how many miles will be traveled by at least 80% of the trucks? (40, 000 miles)

Jose, age 70 and ½ in October of this year, worked for several companies over his lifetime. He has worked for the following companies (A – E), and still has the following qualified plan account balances at those companies. Jose is currently employed with Company E. What is his required minimum distribution for the current year from all plans? Life expectancy tables are 27.4 for age 70 and 26.5 for age 71.

Current (year 0) price of the shares of Company ABC is $50. There are 1 million shares outstanding. Next year (year 1)’s dividend per share is $2, which represents a 60% payout from earnings (net income). Investors expect a ROE of 20%, and a constant growth.

(Please solve e, f, g. Ignore a - d) (Please show your work)

a. What will be the dividend per share in year 2 and year 3?

b. What is the current market value of the firm?

c. What will be the value of the firm next year after the payout?

Suppose that the company announces that it will increase its dividend from $2 per share to $4 per share next year (year 1), and that the extra cash needed will be financed by issuing new shares. However, total dividends after next year follow the old schedule.

d. What will be the price of the new shares that the firm issue in year 1? How many new shares will beissued?

e. How much dividend will the old shareholders get in year 2?

f. Calculate the old shareholder’s present value (today) of discounted future dividends, under the new policy. What should be the current stock price under the new policy?

g. Comment on the important assumptions made in this calculation. How would your answer to f) change if the assumptions are changed?

discuss how the income statement budget would be created for a year starting with the sales budget through the SG&A budget for the company . Be sure to:

• Be specific in describing the component line items of each
• Identify the individuals that would be involved in developing the budgets

A patient was a 20-year-old female who was involved in a physical altercation that resulted in a closed fist blow to the right side of his face. He immediately noted double vision. Later, he experienced significant pain when attempting to look up and associated nausea and vomiting. BCVA: Right eye (OD): 20/40, Left eye (OS): 20/20 a) Write the associated clinical signs for the above case. b) What are the clinical tests do you performed and why? c) Write the differential diagnosis and most appropriate diagnosis with management.

Select 15 ratios to use at year end and give a description and example of each.

Using the naïve method (most recent value) as the forecast for the next year, what are the following measures of forecast accuracy

1) Mean absolute error

2) Mean squared error

3) Mean absolute percentage error

4) What is the forecast for year 11?

Consider the data below:

Options

• A. 1) 72.44     2) 8263.11     3) 18.86%     4) 436
• B. 1) 72.44     2) 8263.11     3) 34.45%     4) 586
• C. 1) 81.67      2) 4592.51     3) 18.86%     4) 436
• D. 1) 72.44      2) 8263.11   3) 18.86%     4) 785