Brady Construction Company contracted to build an apartment complex for a price of $6,400,000. Construction began in 2018 and was completed in 2020. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars.

Brady Construction Company contracted to build an apartment complex for a price of $6,400,000. Construction began in 2018 and was completed in 2020. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars.

Humphries Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 200 $5 $1 000 12 Purchase 300 6 1 800 23 Purchase 500 7 3 500 30 Inventory 160 Instructions Assume a sale of 400 units occurred on 15 June for a selling price of $8 and a sale of 440 units on 27 June for $9. Assume that a perpetual inventory system is used. Using FIFO, calculate: (a) the cost of the ending inventory $ (b) the cost of sales $ Using LIFO, calculate: (c) the cost of the ending inventory $ (d) the cost of sales $ Using MOVING-AVERAGE COST, calculate: (round your answer to the nearest dollar)* (e) the cost of the ending inventory $ (f) the cost of sales $ * In your computation, round average per unit cost to the nearest tenth of a cent (three digits after the decimal)

In a shipping company distribution center, an open cart of mass 50 kg is rolling to the left at a speed of 5 m/s. You can ignore friction between the cart and the floor. A 15 kg package slides down a chute that makes an angle of 27 degrees below the horizontal. The package leaves the chute with a speed of 3 m/s, and lands in the cart after falling for 0.75 seconds. The package comes to a stop in the cart after 4 seconds. What is:

a) the speed of the package just before it lands in the cart?

b) the final speed of the cart (+ package)?

Imagine now that the package landed on a scale mounted in the bottom of the cart and came to a stop on the scale in a time interval of 0.1 seconds, maintaining contact with the scale this whole time of 0.1 seconds.

a) the average scale reading during the landing of the package?

b) the final speed of the cart (+ package)?

Please provide reasonings, details of equations, etc.

Soft Touch Company sells leather furniture. The following schedule relates to the company’s inventory for the month of April:

Soft Touch uses the perpetual inventory system.

Calculate Soft Touch Company’s cost of goods sold, gross margin, and ending inventory using:

i. FIFO
ii. Weighted-average
(Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to 0 decimal places, e.g. 61,052.)

To test whether the mean time needed to mix a batch of material is the same for machines produced by three manufacturers, the Jacobs Chemical Company obtained the following data on the time (in minutes) needed to mix the material. Manufacturer 1 2 3 25 30 21 31 28 20 29 33 24 27 29 23

a. Use these data to test whether the population mean times for mixing a batch of material differ for the three manufacturers. Use . Compute the values below (to 2 decimals, if necessary). Sum of Squares, Treatment Sum of Squares, Error Mean Squares, Treatment Mean Squares, Error Calculate the value of the test statistic (to 2 decimals). The -value is What is your conclusion?

b. At the level of significance, use Fisher's LSD procedure to test for the equality of the means for manufacturers and . Calculate Fisher's LSD Value (to 2 decimals). What is your conclusion about the mean time for manufacturer and the mean time for manufacturer ?

On July 1, 2018, Tony and Suzie organize their new company as a corporation, Great Adventures Inc. The following transactions occur from August 1 through December 31. Also, the balances are provided for the month ended July 31.
  
The articles of incorporation state that the corporation will sell 21,000 shares of common stock for $1 each. Each share of stock represents a unit of ownership. Tony and Suzie will act as co-presidents of the company. The following business activities occur during July for Great Adventures.
  
Jul. 1 Sell $10,500 of common stock to Suzie.
Jul. 1 Sell $10,500 of common stock to Tony.
Jul. 1 Purchase a one-year insurance policy for $5,640 ($470 per month) to cover injuries to participants during outdoor clinics.
Jul. 2 Pay legal fees of $1,100 associated with incorporation.
Jul. 4 Purchase office supplies of $1,900 on account.
Jul. 7 Pay for advertising of $220 to a local newspaper for an upcoming mountain biking clinic to be held on July 15. Attendees will be charged $30 the day of the clinic.
Jul. 8 Purchase 10 mountain bikes, paying $11,100 cash.
Jul. 15 On the day of the clinic, Great Adventures receives cash of $1,200 from 40 bikers. Tony conducts the mountain biking clinic.
Jul. 22 Because of the success of the first mountain biking clinic, Tony holds another mountain biking clinic and the company receives $1,600.
Jul. 24 Pay for advertising of $790 to a local radio station for a kayaking clinic to be held on August 10. Attendees can pay $120 in advance or $170 on the day of the clinic.
Jul. 30 Great Adventures receives cash of $7,200 in advance from 60 kayakers for the upcoming kayak clinic.
Aug. 1 Great Adventures obtains a $49,000 low-interest loan for the company from the city council, which has recently passed an initiative encouraging business development related to outdoor activities. The loan is due in three years, and 6% annual interest is due each year on July 31.
Aug. 4 The company purchases 14 kayaks, paying $18,200 cash.
Aug. 10 Twenty additional kayakers pay $3,400 ($170 each), in addition to the $7,200 that was paid in advance on July 30, on the day of the clinic. Tony conducts the first kayak clinic.
Aug. 17 Tony conducts a second kayak clinic, and the company receives $11,500 cash.
Aug. 24 Office supplies of $1,900 purchased on July 4 are paid in full.
Sep. 1 To provide better storage of mountain bikes and kayaks when not in use, the company rents a storage shed, purchasing a one-year rental policy for $3,360 ($280 per month).
Sep. 21 Tony conducts a rock-climbing clinic. The company receives $14,800 cash.
Oct. 17 Tony conducts an orienteering clinic. Participants practice how to understand a topographical map, read an altimeter, use a compass, and orient through heavily wooded areas. The company receives $18,500 cash.
Dec. 1 Tony decides to hold the company’s first adventure race on December 15. Four-person teams will race from checkpoint to checkpoint using a combination of mountain biking, kayaking, orienteering, trail running, and rock-climbing skills. The first team in each category to complete all checkpoints in order wins. The entry fee for each team is $600.Dec. 5 To help organize and promote the race, Tony hires his college roommate, Victor. Victor will be paid $50 in salary for each team that competes in the race. His salary will be paid after the race.Dec. 8 The company pays $1,900 to purchase a permit from a state park where the race will be held. The amount is recorded as a miscellaneous expense.Dec. 12 The company purchases racing supplies for $2,600 on account due in 30 days. Supplies include trophies for the top-finishing teams in each category, promotional shirts, snack foods and drinks for participants, and field markers to prepare the racecourse.Dec. 15 The company receives $24,000 cash from a total of forty teams, and the race is held.Dec. 16 The company pays Victor’s salary of $2,000.
Dec. 31 The company pays a dividend of $4,900 ($2,450 to Tony and $2,450 to Suzie).
Dec. 31 Using his personal money, Tony purchases a diamond ring for $5,100. Tony surprises Suzie by proposing that they get married. Suzie accepts and they get married!

The following information relates to year-end adjusting entries as of December 31, 2018.
  
a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $8,400.
b. Six months’ worth of insurance has expired.
c. Four months’ worth of rent has expired.
d. Of the $1,900 of office supplies purchased on July 4, $350 remains.
e. Interest expense on the $49,000 loan obtained from the city council on August 1 should be recorded.
f. Of the $2,600 of racing supplies purchased on December 12, $260 remains.
g. Suzie calculates that the company owes $14,200 in income taxes.
  
Assume the following ending balances for the month of July.

Marketing Strategy The marketing strategy will seek to use several techniques to increase awareness of Basket of Goodies in the city of Stevens. The first method will be a Website. The second will be the use of brochures. These two methods will target the individual customers. The corporate customers will be targeted through a networking campaign, leveraging owner Susan Presento's contacts from her previous employers. The Basket of Goodies Page 7 3.1 Mission Basket of Goodies' mission is to create the finest gift baskets available. We exist to attract and maintain customers. When we adhere to this maxim, everything else will fall in to place. Our products and services will exceed the expectations of our customers. 3.2 Marketing Objectives • Increase repeat customers by 7% per quarter. • Increase the number of corporate clients by 6%. • Decrease the marginal per customer acquisition costs by 8% per year. 3.3 Financial Objectives • Profitability by the end of year one. • Reduce the labor costs for order fulfillment by 3% a year. • Increase sales enough to warrant hiring an employee. 3.4 Target Markets BOG has two distinct groups of customers, individuals and corporate customers: 1. Individuals- The individuals are people who are looking to give a friend, relative, colleague, etc., a gift basket as a gesture of goodwill. These customers typically do not have a specific type of gift basket in mind when they look at BOG's product offerings, they just want to give a gift. 2. Corporate- The corporate customer is typically buying the basket for a colleague at work either as a sign of appreciation or for a special event or as a thank you for a customer. The corporate market can be further broken down to banks, health care, employment gifts, real estate, apartments, special events/promotions, corporate headquarters, hotels/vacation resorts, and automobile dealerships.

Question: What are the marketing objectives of the firm?

Cow Chips, Inc., a large fertilizer distributor based in California, is planning to use a lockbox system to speed up collections from its customers located on the East Coast. A Philadelphia-area bank will provide this service for an annual fee of $8,000 paid at the end of the year plus 10 cents per transaction. The estimated reduction in collection and processing time is one day. Treasury bills are currently yielding 5 percent per year.

If the average customer payment in this region is $3,100, how many customers are needed, on average, each day to make the system profitable for the company? (Do not round intermediate calculations and round your answer up to the nearest whole number, e.g., 32.)