This year, three scientists won the Nobel Prize in Physics. Give a brief summary of their research and provide examples of common applications of their work.
In: Physics
Alfonso sells a passive activity in the current year for $800,000. His adjusted basis in the activity is $200,000, and he uses the installment method of reporting the gain. The activity has suspended losses of $44,000. Alfonso receives $400,000 in the year of sale.
Enter as a percentage. For example, .35 would be entered as "35". %
a. What is his gross profit ratio on the sale? _________________%
b. His recognized gain for the current year is $. ____________________
c. Alfonso can currently deduct $______________________ of suspended losses.
In: Accounting
Denver Inc purchased a 5 year asset in November for $20,000. This is the only asset the company placed in service during that year. Neither the straight line method nor the 150% declining balance method was elected. The company elects out of bonus depreciation an the Section 179 expense deduction. Denver Inc sold the asset in September of Year 3. What is the depreciation in the year of sale? A. $2,350, B. $2,850, C. $3,250, D. $3,450
In: Accounting
DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.
| Throughput time (days) | ? | ? | ? | ? | ||||
| Delivery cycle time (days) | ? | ? | ? | ? | ||||
| Manufacturing cycle efficiency (MCE) | ? | ? | ? | ? | ||||
| Percentage of on-time deliveries | 77 | % | 72 | % | 69 | % | 66 | % |
| Total sales (units) | 3880 | 3715 | 3525 | 3391 | ||||
Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:
| Average per Month (in days) | |||||||||
| 1 | 2 | 3 | 4 | ||||||
| Move time per unit | 0.7 | 0.4 | 0.5 | 0.5 | |||||
| Process time per unit | 3.7 | 3.5 | 3.3 | 3.1 | |||||
| Wait time per order before start of production | 25.0 | 27.4 | 31.0 | 33.5 | |||||
| Queue time per unit | 4.5 | 5.2 | 6.0 | 6.9 | |||||
| Inspection time per unit | 0.6 | 0.8 | 0.8 | 0.6 | |||||
Required:
1-a. Compute the throughput time for each month.
1-b. Compute the delivery cycle time for each month.
1-c. Compute the manufacturing cycle efficiency (MCE) for each month.
2. Evaluate the company’s performance over the last four months.
3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.
3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.
In: Accounting
| What is the payback period for the following set of cash flows? |
| Year | Cash Flow |
| 0 | −$ 4,200 |
| 1 | 2,500 |
| 2 | 2,600 |
| 3 | 2,600 |
| 4 | 1,900 |
In: Finance
Newman plans to retire in 25 years and plans to withdraw end of the year payments in the amount of $85,000 from
his retirement account to allow him to enjoy the same standard of living he has enjoyed in life thus far. Newman’s
financial planner has advised him that he should estimate his retirement will last 30 years and use a conservative
8% annual rate of return in his financial planning. Newman does already have $75,000 already saved up for
retirement, how much more does Newman need to save each year to reach his retirement goal?
*Round answers to the nearest dollar
In: Finance
You are set to receive an annual payment of 10600 per year for the next 12 years. Assume the interest rate is 5.5 percent. How much more are the payments worth if they are received at the beginning of the year rather than the end of the year
In: Finance
Suppose the interest rate is 5% today and will stay constant for exactly 1 year at which time it will increase to 7% for exactly 1 year. How much would you pay today for a bond that pays you $1378 in exactly 1 year from today and $2345 in exactly 2 years from today? Support your response
In: Economics
The Village of Parry reported the following for its Print Shop Fund for the year ended April 30, 2017.
|
Village of Parry-Print Shop Fund |
||
|
Statement of Revenues, Expenses, and Changes in Net Position |
||
|
For the Year ended April 30, 2017 |
||
|
Operating revenues: |
||
|
Charges for services |
$1,110,000 |
|
|
Operating expenses: |
||
|
Salaries and benefits |
$500,000 |
|
|
Depreciation |
303,000 |
|
|
Supplies used |
202,000 |
|
|
Utilities |
72.700 |
|
|
Total operating expenses |
1,077,700 |
|
|
Income from operations |
32,300 |
|
|
Nonoperating income (expenses): |
||
|
Interest revenue |
3,400 |
|
|
Interest expense |
(5,500) |
|
|
Total nonoperating expenses |
(2,100) |
|
|
Income before transfers |
30,200 |
|
|
Transfers in |
190,000 |
|
|
Changes in net position |
220,200 |
|
|
Net position-beginning |
1,124,000 |
|
|
Net position-ending |
$1,344,200 |
|
The Print Shop Fund records also revealed the following:
|
1. Contribution from General Fund for working capital needs |
$86,000 |
|
2. Contribution from General Fund for purchase of equipment |
104,000 |
|
3. Loan (interest-free) from Water Utility Fund for purchase of equipment |
304,000 |
|
4. Purchase of equipment |
(504,000) |
|
5. Purchase of one-year investments |
(54,000) |
|
6. Paid off a bank loan outstanding at May 1, 2016 |
(66,300) |
|
The loan was for short-term operating purposes |
|
|
And was the only interest-bearing debt outstanding |
|
|
7. Signed a capital lease on April 30, 2017 |
$47,900 |
The following balances were observed in current asset and current liability accounts. ( ) denote credit balances:
|
5/1/2016 |
4/30/2017 |
|
|
Cash |
$196,700 |
$383,100 |
|
Accrued interest receivable |
300 |
800 |
|
Due from other funds |
40,000 |
58,000 |
|
Supplies |
0 |
0 |
|
Accrued salaries and benefits |
(26,000) |
(36,000) |
|
Utility bills payable |
(5,200) |
(8,000) |
|
Accounts payable (for supplies only) |
(39,000) |
(31,000) |
|
Accrued interest payable |
(2,800) |
0 |
|
Bank loan payable |
(66,300) |
0 |
Prepare a Statement of Cash Flows for the Village of Parry Print Shop Fund for the year ended April 30, 2017. Include the reconciliation of operating income to net cash provided by operating activities.
In: Accounting
A company has a December year end and creates checks to pay their vendors towards the end of the month. The company creates all the proper journal entries at the time of creating the checks, but they do not mail the checks until January. Explain which, if any financial ratios are affected by this decision. Explain why this decision would be made?
In: Accounting