Current Expenses

• Average monthly sales over the last quarter was $20,000
• Cost of goods sold is $10,000
• Promotional costs are $1000
• “Other” fixed costs are $1000
• Taxes are 30% of your operating profit
• This leaves you with $5,600 a month, of which, you need $5000 to live on

Expansion Costs

• You have found a commercial office and storage space for $1500 a month.
• You estimate it would cost you about $1500 a month to hire someone to work 20 hours a week
• You believe that by doubling your promotional expenses that you could increase your sales by about 50%. (Your COGS would proportionately go up as well.)

SHOW YOUR WORK AND EXPLAIN YOUR REASONING TO ANSWER THE FOLLOWING:

CAN YOU AFFORD TO EXPAND?

HOW MUCH MONEY WOULD YOU HAVE LEFT AFTER EXPENSES?  

HOW MUCH MONEY, IF ANY, COULD YOU REINVEST IN THE BUSINESS?

WHAT IF your sales instead doubled if you spent $3000 a month in promotion and you increased payroll to $2,500 to help keep up.

A material was dried in a tray-type batch dryer using constant-drying conditions. When the initial free moisture content was 0.28 kg free moisture/kg dry solid, 6.0 h was required to dry the material to a free moisture content of 0.08 kg free moisture/kg dry solid. The critical free moisture content is 0.14. Assuming a drying rate in the falling-rate region, where the rate is a straight line from the critical point to the origin, predict the time to dry a sample from a free moisture content of 0.33 to 0.04 kg free moisture/kg dry solid. (Hint: First use the analytical equations for the constant-rate and the linear falling-rate periods with the known total time of 6.- h. Then use the same equations for the new conditions.)

Using the following data, calculate the fixed-rate payer’s first two net quarterly payments/receipts for a hypothetical interest rate swap described below.

Notional principal $10 million.

Fixed rate 7.0%.

Days in the first quarter, 91.

Days in the second quarter, 92.

Current LIBOR (LIBOR0) 5.0%

Expected LIBOR (LIBOR1) 5.3%

Expected LIBOR (LIBOR2) 4.8%

An ascending grade of 4% and a descending grade of 2% intersect at STA 12+598 whose elevation is at 518.99m. The two grades are to be connected by a parabolic curve, 160 long. Find the elevation of the first quarter point on the tangent and the summit of the curve.

a.)Determine the elevation of the summit.

b.)Determine the station of the summit.

c.)Determine the elevation of the first quarter point on the tangent.

d.)Determine the elevation of the midpoint on the curve.

Cloning

How will the nursing practice be impacted by this development by 2025 if it is allowed to proceed?

Dils Brother Department Store prepares budgets quarterly. The following information is available for use in planning the second quarter budgets for 2017.

Actual and forecasted sales for selected months in 2017 are as follows:

Monthly operating expenses are as follows:

Cash dividends of $15,000 are declared during the third month of each quarter and are paid during the first month of the following quarter. Operating expenses, except insurance, rent, and depreciation are paid as incurred. Rent is paid during the following month. The prepaid insurance is for five more months. Cost of goods sold is equal to 50 percent of sales. Ending inventories are sufficient for 120 percent of the next month's cost of sales. Purchases during any given month are paid in full during the following month. All sales are on account, with 50 percent collected during the month of sale, 40 percent during the next month, and 10 percent during the month thereafter. Money can be borrowed and repaid in multiples of $1,000 at an interest rate of 12 percent per year. The company desires a minimum cash balance of $4,000 on the first of each month. At the time the principal is repaid, interest is paid on the portion of principal that is repaid. All borrowing is at the beginning of the month, and all repayment is at the end of the month. Money is never repaid at the end of the month it is borrowed.

(a) Prepare a purchases budget for each month of the second quarter ending June 30, 2017.

(b) Prepare a cash receipts schedule for each month of the second quarter ending June 30, 2017. Do not include borrowings.

C. Prepare a cash disbursements schedule for each month of the second quarter ending June 30, 2017. Do not include repayments of borrowings.

(d) Prepare a cash budget for each month of the second quarter ending June 30, 2017. Include budgeted borrowings and repayments.

e. Prepare an income statement for each month of the second quarter ending June 30, 2017.

f. Prepare a budgeted balance sheet as of June 30, 2017.

irkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available.

Prepare a selling and administrative expense budget by quarters for the first 6 months of 2020. (List variable expenses before fixed expense.)

Windward Corporation uses the Specific Identification inventory method.

The Company has the following inventory items and costs for the Period.

Beginning inventory of 3 units purchased for $4,100 each.
January 20, purchase 2 units for $4,200 each.
February 3, purchase 3 units for $4,500 each.
February 14, sold 5 units for $5,800 each (3 units from the beginning Inventory and 2 units from the February 3rd purchase)
1. What is the total cost of the units in inventory at March 31? $
2. What is the total Sales for the quarter ending March 31? $
3. What is the Cost of Goods Sold for the quarter ending March 31? $
4.What is Gross Margin for the quarter ending March 31? $

2. CDM Corporation erroneously included $24,600 of goods on consignment from another company in ending inventory.

What effect does this have on the following items? (determine the amount and use a positive number to designate an overstated amount and a negative number to designate an understated amount).

a. Ending Inventory $ ???
b. Cost of Goods Sold $ ????
c. Gross Margin $ ???
d. Net Income$ ???

Calculate the future value of the following annuity streams:

a. $4,000 received each year for 4 years on the last day of each year if your investments pay 5 percent compounded annually.
b. $4,000 received each quarter for 4 years on the last day of each quarter if your investments pay 5 percent compounded quarterly.
c. $4,000 received each year for 4 years on the first day of each year if your investments pay 5 percent compounded annually.
d. $4,000 received each quarter for 4 years on the first day of each quarter if your investments pay 5 percent compounded quarterly.
  
(For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

Calculate the present value of the following annuity streams:

a. $5,000 received each year for 6 years on the last day of each year if your investments pay 7 percent compounded annually.
b. $5,000 received each quarter for 6 years on the last day of each quarter if your investments pay 7 percent compounded quarterly.
c. $5,000 received each year for 6 years on the first day of each year if your investments pay 7 percent compounded annually.
d. $5,000 received each quarter for 6 years on the first day of each quarter if your investments pay 7 percent compounded quarterly.
  
(For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))