27) Lichtenstein Imports needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows.

Month Machine Hours Worked Utilities Cost

April 4,500 $9,560

May 4,200 $9,440

June 6,500 $10,725

July 7,000 $11,400

Lichtenstein anticipates producing 5,000 units in August, each unit requiring 1.5 hours of machine time.

The company uses the high-low method to analyze costs.

Required:

A. Calculate the variable and fixed components of the utilities cost.

B. Using the data calculated above, estimate the utilities cost for August.

C. Compare the high-low method versus the visual-fit method with respect to (1) number of data observations used in the analysis and (2) objectivity of the results.

Karon went to the post office and spent $31.57 on 84 stamps. She bought 27¢ stamps for all the postcards, 42¢ stamps for each letter addressed to friends in the U.S., and 94¢ stamps for each letter to England. Karon bought 7 times as many postcard stamps as those for the letters to England. How many postcard stamps did Karon buy? (Hint: Use matrices.)

27. Two major sub-sections appearing in the paid-in capital section of the balance sheet are

Select one:

a. preferred stock and common stock.

b. capital stock and treasury stock.

c. capital stock and additional paid-in capital.

d. paid-in capital and retained earnings.

30. On January 1, Borge Inc. issued $3,000,000, 8% bonds for $2,817,000. The market rate of interest for these bonds is 9%. Interest is payable annually on December 31. Borge uses the effective-interest method of amortizing bond discount. At the end of the first year, Borge should report unamortized bond discount of

Select one:

a. $153,000.

b. $169,470.

c. $163,547.

d. $164,700.

e. $157,647.

31. Each of the following decreases retained earnings except

Select one:

a. All of the provided responses decrease retained earnings.

b. a cash dividend.

c. a stock dividend.

d. a liquidating dividend.

33. Garland Company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2016. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101. Garland uses the straight-line method of amortization.

What is the carrying value of the bonds on January 1, 2018?

Select one:

a. $190,400

b. $197,350

c. $189,200

d. $200,000

e. $188,454

Questions regarding to business course

27. In cultures with High Power Distance, employees are less likely to:

a. Call coworkers and superiors by last names or official work titles

b. Accept gifts from new business associates or clients

c. Be rewarded by bosses whenever they take initiative

d. Challenge decisions, provide alternatives ,

   or give personal Input

28. Which of the following is REQUIRED to deliver an effective "bad news message":

a. An amusing fact or statistic to help lighten the mood and put the at ease .

b. A statement that accepts full legal responsibility for the "bad news".

c. A statement that shifts the attention away from the bad news and offers some other type of good news or outcome.

d. Along, , and vivid description of the "bad news" .

29. Which of the following is the CORRECT order for organizing a " bad news " message :

a. An explanation , bad news, buffer statement positive redirection

b. A buffer statement explanation, bad news, positive redirection .

c. Bad news, explanation, positive redirection, buffer statement

d. Good news, buffer statement , bad news , explanation

30. When trying to get in touch with a coworker who is out of the office for the day, you should try to:

a. Send a text message to their personal mobile phone during business hours

b. Email them immediately once the work day is over

c. Try your best to reach them by their preferred method of contact

d. Call and leave a detailed voicemail

31. Direct organization of messages in professional business discourse is:

a. The most effective approach to explaining a situation when facts or important details have yet to be determined.

b. Standard when replying to routine requests and most day-to-day business matters

c. The best way to deliver bad news to a longtime client .

d. Rarely used in informal text messages , since communication is often casual in the workplace .

32. Indirect organization is usually preferable when:

a.Responding to a routine request for sales quote

b. Delivering an update about a situation that may be in-progress or have developing news c. Informing a job candidate that his or her application has been received

d. Approving a customer's application for a credit line increase.

33. Which of the following groups of words are ONLY CONCRETE subjects ?

a. teamwork , initiative, customer service representative

b. strategy , goal, advertising firm .

c.ethics , competition , challenge

d. coworker , document , supervisor

34. Which the following groups of words are ONLY ABSTRACT Subjects?

a.portfolio, business report, failure

b.conflict, outcome , promotion c. document , success , supervisor

d. employee handbook, coworker, office

35. Identity the sentence focus error(s) in the following sentence: The marketing strategy was developed by the CEO of the company.

a. abstract subjects, passive voice, and faulty expletives

b. abstract subjects and faulty expletives

c. abstract subjects and passive voice

d. faulty expletives ONLY

36. Identity the sentence focus error(s) in the following sentence: There are number of reasons why record profits will be earned by Apple in 2019.

a. abstract subjects ONLY

b. passive voice and faulty expletives

c. abstract subjects, passive voice, AND faulty expletives

d. passive voice ONLY

37. Identify the sentence focus error (s) in the following sentence: It is of high importance for online retailers to show appreciation for their loyal customers .

a. faulty expletives ONLY

b. abstract subjects and faulty expletives

c. passive voice and faulty expletives

d. abstract subjects ONLY

Analyze the Stimulus Plan passed by Congress on March 27. How well do the measures address the problems the economy is facing? How well do they protect the most vulnerable people in our economy? What alternatives would you propose to improve or supplement the bill? Has the Coronavirus changed your opinions or offered new arguments on major economic policy issues, such as Medicare for All, Sick Leave or Family Leave, or other issues. Explain.

A 27 g ball is fired horizontally with speed v₀ toward a 106 g ball hanging motionless from a 1.13-m-long string. The balls undergo a head-on, perfectly elastic collision, after which the 106 g ball swings out to a maximum angle θ_max=57^°. What was v₀?

On January 2, you sold short 1,000 shares of ABC stock at $27 per share. On March 2, a dividend of $1 per share was paid. On April 2, covered the short sale by buying the stock at a price of $25.75 per share. You paid $20 in commissions for the roundtrip ($10 to short, $10 to cover). Assuming you have no other positions, what is the value of your account on April 2? Present your answer rounded to the nearest cent in this format, $123.45

1. Bankers trust has bonds maturing in 27 yrs. the total principal that must be repaid by the bank at that time is $950 million. The relevant discount rate is 7.5% per yr. what is the present value of this liability assuming quarterly compounding?

2. Comparing two annuities which offer monthly payments of $1,750 for 10 yrs and pay interest at an annual rate of 4.5%. Annuity A will pay you on the 1st day of each month while B will pay on the last day of each month. Which one of the following statements is correct?

A. Annuity b is an annuity due

b. Annuity b has smaller future value than A

c. Both have different present values as of today and equal future values at the end of year 10.

D. Both have equal present values but unequal futures values at the end of yr 10

Problem 27-01 Lease or Buy [LO3] You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $5,300,000, and it would be depreciated straight-line to zero over four years. Because of radiation contamination, it actually will be completely valueless in four years. You can lease it for $1,550,000 per year for four years. Assume that the tax rate is 23 percent. You can borrow at 7 percent before taxes. What is the NAL of the lease? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Should you lease or buy?

(HW5-27)

The amount of energy released by burning a fuel source, measured in energy per mass, is called the fuel value. If all the energy obtained from burning 1.27 pounds of butane (fuel value is 10.85 kcal/g) is used to heat 127.5 kg of water at an initial temperature of 18.7 °C, what is the final temperature?