We are evaluating a project that costs $864,000, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 71,000 units per year. Price per unit is $49, variable cost per unit is $33, and fixed costs are $765,000 per year. The tax rate is 35%, and we require a 10% return on this project.

a-1. Calculate the accounting break-even point. (Round the final answer to 2 decimal places.)

Break even point             units

a-2. What is the degree of operating leverage at the accounting break-even point? (Round the final answer to 3 decimal places.)

DOL            

b-1. Calculate the base-case cash flow and NPV. (Round the final NPV answers to 2 decimal places. Omit $ sign in your response.)

b-2. What is the sensitivity of NPV to changes in the sales figure? (Do not round intermediate calculations. Round the final answer to 3 decimal places. Omit $ sign in your response.)

ΔNPV/ΔQ           $

c. What is the sensitivity of OCF to changes in the variable cost figure? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.)

ΔOCF/ΔVC           $

1. Conduct an interview with the healthcare professional selected in your Interview Assignment.

• What is your healthcare profession? How long have you worked in this field? In what kind of facility do you practice?

• How racially, ethnically, religiously, or sexually diverse is the community your facility serves?

• How racially, ethnically, religiously, or sexually diverse is the staff at your facility?

• What changes– increases or decreases in specific populations -- have you observed in the workplace with patients and staff over time?

• If there has been an increase in diversity, what changes, if any, has your facility made to accommodate this diversity, such as diversity training, providing interpretation services, etc.?

• Describe an experience you have participated in, observed, or heard about in which cultural or other differences have caused problems for patients and/or staff.

• What factors came into play (such as stereotyping, prejudice, assumptions, etc.) and what was the outcome?

• In your view, how well was this situation handled?

• If faced with a similar scenario, what, if anything, would you change about how it was handled? If you would not change anything, what advice would you give to another healthcare professional else facing the same kind of situation?

• Have your personal attitudes towards diversity changed over time? If so, how have they changed? If not, why?

PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change–related services represent 60% of its sales and provide a contribution margin ratio of 15%. Brake repair represents 40% of its sales and provides a 40% contribution margin ratio. The company’s fixed costs are $15,680,000 (that is, $78,400 per service outlet).

(a)

Correct answer iconYour answer is correct.

Calculate the dollar amount of each type of service that the company must provide in order to break even. (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)

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Attempts: 1 of 5 used

(b)

The company has a desired net income of $51,000 per service outlet. What is the dollar amount of each type of service that must be performed by each service outlet to meet its target net income per outlet? (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)

The shape of the distribution of the time required to get an oil change at a 20 ​-minute ​oil-change facility is unknown.​ However, records indicate that the mean time is 21.1 minutes ​, and the standard deviation is 4.8 minutes . Complete parts ​(a) through ​(c). ​(a) To compute probabilities regarding the sample mean using the normal​ model, what size sample would be​ required? A. The sample size needs to be less than or equal to 30. B. The sample size needs to be greater than or equal to 30. C. Any sample size could be used. D. The normal model cannot be used if the shape of the distribution is unknown. ​(b) What is the probability that a random sample of nequals 40 oil changes results in a sample mean time less than 20 ​minutes? The probability is approximately nothing . ​(Round to four decimal places as​ needed.) ​(c) Suppose the manager agrees to pay each employee a​ $50 bonus if they meet a certain goal. On a typical​ Saturday, the​ oil-change facility will perform 40 oil changes between 10 A.M. and 12 P.M. Treating this as a random​ sample, there would be a​ 10% chance of the mean​ oil-change time being at or below what​ value? This will be the goal established by the manager. There is a​ 10% chance of being at or below a mean​ oil-change time of nothing minutes

Grab a blank sheet of paper and try some inflation analysis on your own. Take a picture or scan your sheet, and upload it after you are finished. This contributes to your participation grade in the class.

1. Because inflation increased by only 1.7% in 2008, the American Association of Retired Persons comments that this is “an unfortunate side effect of inflation, since Social Security payments, which are indexed to inflation, will increase by only 1.7% in 2008.” Comment on whether this is an “unfortunate side effect of inflation” or not.
2. The Federal Reserve Bank (Fed) can impact the economy through changes in the Federal funds rate, because changes in this interest rate will change all interest rates throughout the economy. The Federal funds rate was constant at 5.25% from 1996–1998, a time of falling inflation. What impact did this have on real interest rates during this time? What was likely to happen to investment spending?
3. “Traveling in Turkey is much cheaper now than it was 10 years ago,” says a friend. "Ten years ago, a dollar bought 1,000 lira; this year, a dollar buys 1,500 lira.” Total inflation over this period was 25% in the United States and 100% in Turkey. Is your friend right or wrong—has it become more or less expensive to travel in Turkey?

(C) ZAPRYL BHD is in the process to finalise its financial statements for the year ended 31 December 2019. Based on its current records, the profit before tax is RM3,200,000 (2018: RM3,000,000). However, the followings have been discovered:

(a) Sales invoices dated 24 December 2018 amounted to RM8,000 and 27 December 2019 amounted to RM10,000 were both fake.

(b) An investment property was purchased in January 2015 at a cost of RM2,000,000 with a useful life of 25 years and was accounted using the cost model. However, for the financial year 2019, the management decided to use the revaluation model whereby the fair value on 31 December 2019 is RM2,800,000 (2018 and 2017: RM2,500,000).

(c) A machinery which was purchased on 4 January 2015 at a cost of RM100,000 has been depreciated using the straight-line method for 10 years useful life with a residual value of RM10,000. Assessment revealed that the machine can be used for another three years with no changes in residual value.

Required:

(i) Classify each of the above events according to MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors.

(ii) Determine the effect of each of the above events on the profit before tax for the financial year ended 31 December 2018 and 2019 after the adjustments have been recorded.

I have purposefully not provided a large selection of readings on this subject.   Research, on your own, the 2017/2018 federal tax reform package.    Make sure that you are using materials that are from December 2017 or later. The proposals to amend the law have been in flux before then, and an intelligent discussion requires the best, newest, information.

Discuss, using external resources to back up your assertions, how the new tax law changes the tax/regulatory/compliance burden on the entrepreneur.   Are the changes for the good? Or not? Please use the law - not politics - to inform your discussion.

Be sure of your sources - you need to present reasoned analysis, not emotional reactions. For instance, many articles will say that the tax reform is skewed towards "the rich" and is therefore bad on its face, without really giving any context or factual substance to support that position. Remember that the top 1% of earners pay 50% of all income taxes. And entrepreneurs, I presume, want to get into that group. Almost any tax reform package will impact the taxpayer that pays the most more than other taxpayers. I don't mind whatever position that you may take here - but it must be fact based - not emotional or based on "fairness" or "I feel" arguments.

When you assess and respond to the needs of at least 3 different people and their carers or family members in the context of your job role and use strengths-based solutions to respond to both routine and unpredictable problems related to care relationships, you are to keep a journal. There are 3 journal templates in the following pages that you can use to record the relevant information while you are working with these three people.

JOURNAL 1 Client Name:    Client A Situation:

Please describe your response below:

The strategies you use to work in a positive manner with the family.

The family patterns and structures and how they impact each person T

he types of lifecycle transitions and the positive and negative impacts these create

The impact of the caring role on family member(s)

The pathways the family take to enter the service and the implications for all stakeholders

The attitudes, stereotypes and false beliefs that family members and other stakeholders have about the person and the service

The carer support services and resources used by each person and their support team

How carer and family members supported the person

What changes occurred in the care relationship and how you respond to those changes

How you promote the carer rights, health and wellbeing during your work with each client.

Provide your answers in the space provided.

Any quantitative questions require showing your work for full credit.

Round all $ problems to the nearest cent.

All other calculations must be to at least the fifth decimal place.

Given the following information: (all numbers are in millions)

Variable rate CD’s = $90 Treasury bills = $150

Discount Loans = $20 Treasury notes = $100

Fixed rate CDs =$160 Money Market deposit accts. = $140

Savings deposits =$90 Fed Funds borrowing = $40

Variable rate mortgage loans = $140 Demand Deposits = $40

Primary Reserves = $50 Fixed rate loans =$210

Fed Funds Lending = $50 Equity Capital = $120

A. Develop a balance sheet from the above data. Be sure to divide your balance sheet into rate-sensitive assets and liabilities as

   we did in class and in the examples.

B. Perform a Standard Gap Analysis and a Duration Analysis using the above data if you have a 1.15% decrease in interest rates

   and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years.

C. Indicate if this bank will remain solvent after the valuation changes. If so, indicate the new level of equity capital after the

   valuation changes. If not, indicate the amount of the shortage in equity capital.