II. ***Write the following information in a more clear and concise manner, as it would appear in the medical record. Include an appropriate subheading.
1. The patient walked 75 feet in the hallway of the hospital with the therapist lightly touching her back. She used a front-wheeled walker. The therapist was needed to help provide the patient with support to maintain balance.
2. The patient’s strength was 3/5 for the right biceps and 4/5 for the right triceps.
3. Upon arrival to therapy, the patient told you that she had been doing her HEP without any problems and really
felt like her ability to get in and out of bed has improved.
4. The patient said that her pain was 3/10 on a pain scale.
5. You performed an ultrasound to the dorsal aspect of the patient’s right foot. You used 3 MHz at 50% duty cyclewith the intensity set at 1.0 w/cm2.
6. The patient demonstrated the following range of motion measurements: active range of motion for the right elbow was 130° flexion and 10° of hyperextension.
7. Knee active range of motion was 100° flexion and lacking 10° of extension.
8. The patient propelled his wheelchair around the hospital, outside on the sidewalk, and up and down several ramps with you providing verbal reminders on trunk positioning for going up and down the ramps.
9. The patient was able to put her ankle-foot orthosis on and remove it independently. She was also able to independently check her skin for any irritated areas after she removed the orthosis.
10. You instructed the patient to perform 10 repetitions of each exercise as part of her home exercise program. The exercises included ankle pumps, quadriceps setting, short arc quadriceps strengthening from 45° to 0°, and heel slides.
11. During a busy morning in a hospital, you were working with a patient who told you that she was going to be discharged and wanted home health services, primarily physical therapy. After writing the note and moving on to the next patient, you realize that you did not document the patient’s desire for home therapy. What should you do? How would you document this entry into the medical record. Where should this information be placed? How might this be different if you were using an EMR?
12. When handwriting information in the medical record, you realize that you made an error in documenting the patient’s AROM. It should have been 125°, not 152°. Demonstrate how to correct this mistake.
In: Nursing
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company Additional information from Dux's accounting records is provided also. DUX COMPANY , COMPARATIVE BALANCE SHEETS DECEMBER 31, 2021 AND 2020 ($ IN THOUSANDS) ASSETS 2021 -- 2020 CASH CASH $ 39.0 --$21.0 ACCOUNTS RECEIVABLE, $49.0 - $51.0 LESS: ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (3.0) -- (2.0) DIVIDENDS RECEIVABLE, 4.0 -- 3.0 INVENTORY,56.0 - 51.0 LONG-TERM INVESTMENT 16.0-11.0, LAND 71.0 -----40.0 BUILDINGS AND EQUIPMENT 221.0-251.0 LESS: ACCUMULATED DEPRECIATION(26.0) --- (55.0) $427.0-371.0 LIABILITIES ACCOUNTS- PAYABLE ACCOUNTS PAYABLE $ 14.0 - $ 21.0 SALARIES PAYABLE 3.0- 6.0 INTEREST PAYABLE 5.0 -- 3.0 INCOME TAX PAYABLE 8.0 - 9.0 NOTES PAYABLE 31.0-0 BONDS PAYABLE 96.0-70.0 LESS:DISCOUNT ON BONDS (2.0) = (3.0) SHAREHOLDERS' EQUITY COMMON STOCK 210.0 -------- 200.0 PAID-IN CAPITAL-EXCESS OF PAR 24.0-20.0 RETAINED EARNING 46.0--------- 45.0 LESS: TREASURY STOCK (8.0)-0 427.0 ---------- 371.0
DUX COMPANY , INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2021 ($ IN THOUSANDS) REVENUES SALES REVENUES $ 215.0 DIVIDEND REVENUE 4.0 = $219.0 EXPENSES COST OF GOODS SOLD- 122 SALARIES EXPENSE 27, DEPRECIATION EXPENSE 7, BAD DEBT EXPENSE 1.0 INTEREST EXPENSE 10.0 LOSS ON SALE OF BUIIDING 5.0 INCOME TAX EXPENSE 18.0 ------ 199.0 NET INCOME $29 Additional information from the accounting records: a. A building that originally cost $48,000, and which was three-fourths depreciated, was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. c. Property was acquired by issuing a 13%, seven-year, $31,000 note payable to the seller. d. New equipment was purchased for $18,000 cash. e. On January 1, 2021, bonds were sold at their $26,000 face value. f. On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time. g. Cash dividends of $14,000 were paid to share at that time . h. On November 12, 12,500 shares of common stock were repurchased as treasury stock at a cost of $8,000. Required: Prepare the statement of cash flows for Dux Company for the year ended December 31,2021. Present cash flows from operating activities by the indirect method. (Do not round your intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)
In: Accounting
You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company’s financial statements, including comparing Lydex’s performance to its major competitors. The company’s financial statements for the last two years are as follows:
|
Lydex Company Comparative Balance Sheet |
||||
| This Year | Last Year | |||
| Assets | ||||
| Current assets: | ||||
| Cash | $ | 870,000 | $ | 1,110,000 |
| Marketable securities | 0 | 300,000 | ||
| Accounts receivable, net | 2,340,000 | 1,440,000 | ||
| Inventory | 3,510,000 | 2,100,000 | ||
| Prepaid expenses | 240,000 | 180,000 | ||
| Total current assets | 6,960,000 | 5,130,000 | ||
| Plant and equipment, net | 9,340,000 | 8,960,000 | ||
| Total assets | $ | 16,300,000 | $ | 14,090,000 |
| Liabilities and Stockholders' Equity | ||||
| Liabilities: | ||||
| Current liabilities | $ | 3,920,000 | $ | 2,800,000 |
| Note payable, 10% | 3,600,000 | 3,000,000 | ||
| Total liabilities | 7,520,000 | 5,800,000 | ||
| Stockholders' equity: | ||||
| Common stock, $70 par value | 7,000,000 | 7,000,000 | ||
| Retained earnings | 1,780,000 | 1,290,000 | ||
| Total stockholders' equity | 8,780,000 | 8,290,000 | ||
| Total liabilities and stockholders' equity | $ | 16,300,000 | $ | 14,090,000 |
|
Lydex Company Comparative Income Statement and Reconciliation |
||||
| This Year | Last Year | |||
| Sales (all on account) | $ | 15,770,000 | $ | 12,680,000 |
| Cost of goods sold | 12,616,000 | 9,510,000 | ||
| Gross margin | 3,154,000 | 3,170,000 | ||
| Selling and administrative expenses | 1,594,000 | 1,568,000 | ||
| Net operating income | 1,560,000 | 1,602,000 | ||
| Interest expense | 360,000 | 300,000 | ||
| Net income before taxes | 1,200,000 | 1,302,000 | ||
| Income taxes (30%) | 360,000 | 390,600 | ||
| Net income | 840,000 | 911,400 | ||
| Common dividends | 350,000 | 455,700 | ||
| Net income retained | 490,000 | 455,700 | ||
| Beginning retained earnings | 1,290,000 | 834,300 | ||
| Ending retained earnings | $ | 1,780,000 | $ | 1,290,000 |
To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company’s industry:
| Current ratio | 2.3 | |
| Acid-test ratio | 1.0 | |
| Average collection period | 30 | days |
| Average sale period | 60 | days |
| Return on assets | 8.3 | % |
| Debt-to-equity ratio | 0.7 | |
| Times interest earned ratio | 5.9 | |
| Price-earnings ratio | 10 | |
2. You decide next to assess the company’s stock market performance. Assume that Lydex’s stock price at the end of this year is $76 per share and that at the end of last year it was $44. For both this year and last year, compute: (Round your "Percentage" answers to 1 decimal place and other intermediate and final answers to 2 decimal places.)
a. The earnings per share.
b. The dividend yield ratio.
c. The dividend payout ratio.
d. The price-earnings ratio.
e. The book value per share of common stock.
In: Accounting
Marine, Inc., manufactures a product that is available in both a flexible and a rigid model. The company has made the rigid model for years; the flexible model was introduced several years ago to tap a new segment of the market. Since introduction of the flexible model, the company’s profits have steadily declined, and management has become concerned about the accuracy of its costing system. Sales of the flexible model have been increasing rapidly.
Overhead is applied to products on the basis of direct labor-hours. At the beginning of the current year, management estimated that $600,000 in overhead costs would be incurred and the company would produce and sell 1,000 units of the flexible model and 10,000 units of the regular model. The flexible model requires 2.0 hours of direct labor time per unit, and the regular model requires 1.0 hours. Direct materials and labor costs per unit are given below:
| Flexible | Rigid | |||
| Direct materials cost per unit | $ | 110.00 | $ | 80.00 |
| Direct labor cost per unit | $ | 30.00 | $ | 15.00 |
Required:
1-a. Compute the predetermined overhead rate using direct labor-hours as the basis for allocating overhead costs to products.
1-b. Compute the unit product cost for one unit of each model.
2. An intern suggested that the company use activity-based costing to cost its products. A team was formed to investigate this idea. It came back with the recommendation that four activity cost pools be used. These cost pools and their associated activities are listed as follows:
| Expected Activity | ||||||||||
| Activity Cost Pool and Activity Measure | Estimated Overhead Cost | Flexible | Rigid | Total | ||||||
| Purchase orders (number of orders) | $ | 20,000 | 100 | 300 | 400 | |||||
| Rework requests (number of requests) | 10,000 | 60 | 140 | 200 | ||||||
| Product testing (number of tests) | 210,000 | 900 | 1,200 | 2,100 | ||||||
| Machine related (machine-hours) | 360,000 | 1,500 | 2,500 | 4,000 | ||||||
| $ | 600,000 | |||||||||
Compute the activity rate for each of the activity cost pools.
3-a. Using activity-based costing, determine the total amount of overhead that would be assigned to each model for the year.
3-b. Using activity-based costing, compute the unit product cost for one unit of each model.
| Predetermined overhead rate | ? Per DHL |
| Unit Product Cost | |
| Flexible | ? |
| Rigid | ? |
| Activity Cost Pool | Activity Rate |
| Purchase Orders | ? per order |
| Rework requests | ? per request |
| Product testing | ? per test |
| Machine Related | ? per MH |
| Unit Product Cost | Total Amount Overhead | |
| Flexible | ? | ? |
| Rigid | ? | ? |
In: Accounting
29) What is the stoichiometric coefficient for oxygen when the following equation is balanced using the lowest whole-number coefficients? ________ C3H6O2(l) + ________ O2(g) →________ CO2(g) + ________ H2O(l) A) 5 B) 7 C) 1 D) 3 29)
30) Which of the following underlined items is not an intensive property? A) the melting point of iron metal B) the color of copper hydroxide C) the amount of gold. D) the density of argon 30)
31) Rubidium belongs to the ________ group of the periodic table. A) alkali metal B) alkaline earth metal C) halogen D) noble gas 31)
32) Chlorine belongs to the ________ group of the periodic table. A) alkali metal B) alkaline earth metal C) halogen D) noble gas 32)
33) An element has two naturally occurring isotopes. One has an abundance of 37.4% and an isotopic mass of 184.953 amu, and the other has an abundance of 62.6% and a mass of 186.956 amu. What is the atomic weight of the element? A) 185.954 amu B) 186.956 amu C) 185.702 amu D) 186.207 amu 33)
34) A piece of metal ore weighs 7.25 g. When a student places it into a graduated cylinder containing water, the liquid level rises from 21.25 mL to 25.00 mL. What is the density of the ore? A) 1.93 g/mL B) 3.21 g/mL C) 0.141 g/mL D) 0.281 g/mL 34)
4 35) How many protons (p) and neutrons (n) are in an atom of 226 88 Ra? A) 138 p, 88 n B) 88 p, 226 n C) 226 p, 88 n D) 88 p, 138 n 35)
36) 1.00 mole of O2 contains the same number of molecules as A) 0.667 mole of O3. B) 1.00 mole of CH3CO2CH2Cl. C) 2.00 mole of CH3CH2OCH2Br. D) All of these 36)
37) What is the number of moles of 5.00 × 10 22 molecules of NaBr? A) 0.083 moles B) 1.0 moles C) 1.2046 moles D) 0.037 moles 37)
) 39) Na2S is named A) sodium(II) sulfide. B) sodium disulfide. C) sodium sulfide. D) sodium sulfur. 39) 40) The factor 10-3 corresponds to which prefix? A) centi B) deci C) deka D) milli 40)
41) A sample of pure calcium fluoride with a mass of 15.0 g contains 7.70 g of calcium. How much calcium is contained in 35.0 g of calcium fluoride? A) 18.0 g B) 15.0 g C) 1.99 g D) 7.70 g
In: Chemistry
Question 12 pts
Which of the following would be a discrete variable?
Group of answer choices
Number of cans of dog food eaten
Number of inches reflecting someone’s height
Amount of soup in a can
Count of students in class
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Question 22 pts
A main characteristic of a discrete probability distribution is that ___________.
Group of answer choices
each probability is between -1 and +1
each probability is between 1 and 2
the probabilities add to 0
the probabilities add to 1
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Question 32 pts
If Sam can purchase up to 3 ice cream cones and the probabilities that he/she purchases 0, 1, 2, or 3, are 0.20, 0.45, 0.35, and 0.05 respectively, is this a valid probability distribution?
Group of answer choices
No, as they do not add to 1
Yes, as they are all positive
No, as no probability is between 0 and 1
Yes, as all are between 0 and 1
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Question 42 pts
If Alex can purchase up to 2 ice cream cones and the probabilities that he/she purchases 0, 1, or 2 are 0.10, 0.50, and 0.40, what is the mean number of cones that he/she will purchase?
Group of answer choices
0.7
1.3
1.0
1.5
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Question 52 pts
When conducting a binomial experiment, how many times will the experiment be repeated?
Group of answer choices
n
2
infinite
p(x)
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Question 62 pts
The mean of a binomial distribution is found using which of the following formulas?
Group of answer choices
p*q
n*p
q*x
p*x
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Question 72 pts
In binomial probabilities, q represents _______.
Group of answer choices
the negative probability
p-1
the probability of x
1-p
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Question 82 pts
A right skewed distribution has most of the data points to the _______ of the distribution.
Group of answer choices
left
right
top
middle
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Question 92 pts
A left skewed distribution can be described as __________.
Group of answer choices
having most data in higher values and a tail of data to the left
having most data in the lower values and a tail of the data to the right
a symmetrical distribution
having all data to the left side of the graph
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Question 102 pts
When considering if a probability distribution follows the expected distribution, we are considering the distribution’s __________.
Group of answer choices
shape
symmetry
normality
goodness of fit
In: Statistics and Probability
QUESTION TWO
Case Study Luangwa Mineral Resources is a State Owned Enterprise (SOE) that was in past managed parastatal before being privatize after liberalization of the Zambia economy. The privatization of the firm was decided because the firm had been run down and was not performing well as expected. Further the firm accrued huge liabilities and was running losses consistently. After being privatized the new owners (majority shareholders 75%) re capitalized the firm by investing $160 million to improve operation and clear outstanding debts. The new Board of Directors brought in goods expertise and knowhow which greatly improved the way the company was managed. The company was turned around within Three years and become profitable and as a result government was able to receive its share of profits. The company remained profitable until a regime changed policy that now required government to own majority share in a bid to accrue more benefits for the state. The changes in policy meant the minority foreign investors could not control decision making within the company as now government took more control of the affairs. The Government appointed a new board and new management took over. The company in a span of four years since these changes has reached a stage where it is now failing to meet its obligations. It has accrued huge debts and has started making losses due to poor decision making regards operations. Audits reports indicated that miss application of resources to non-value adding activities, poor cash flow management, over employment and abuse of company resources and board members (Chairperson) and management staff. It was reported that in previous quarter the board had spent $1.0 million on workshops, travel allowances and meetings alone much of the money obtained through an overdraft with a local bank. This was done at the expense of procuring a critical component of the production process that only costed $150,000. Consequently production was shut down for six months. This has led to wide spread uproar in the media and among concerned stakeholders and the company’s board and corporate governance system has been questioned. Among the many expectations from stakeholders is the effectiveness of the board through composition of members, integrity and ethical values of board members and ability to critically analyses the company’s long term sustainability.
Required:
i. Discuss the objective and importance of Corporate Governance in general to the operations of an organization.
ii. Identify and discuss the Agency Problem issues in this case study that may have led to the current situation how this can be rectified.
iii. Discuss how Corporate Finance can be applied in guaranteeing the company’s long term financial sustainability while balancing wealth maximisation.
In: Finance
For all the questions below select the appropriate answer:
| a) | If the MPC is 3/4, the net tax rate is 1/3, and the government
increases spending by $100 million, then we would expect the result
to be:
|
| b) | Suppose the MPC and the slope of the AE function are 0.8,
giving a multiplier of 5.0. Then a newly formed government
introduces a net tax on national income, NT = 0.2Y. As a result:
|
| c) | In an open economy with imports described by the import
function: IM = 0.25Y and exports equal to X = 250:
|
| d) | In the diagram NT is tax revenue and G is government expenditure. All figures are in billions. In this economy:
|
| e) | An economy with household, business, government and
international trade sectors is described by the following
equations: Consumption: C = 75 + 0.85(Y - T) Investment: I = 125 Government expenditure: G = 75 Net taxes: NT = 0.2Y Exports: X = 25 Imports: IM = 0.18Y The multiplier, the equilibrium level of real GDP and the government's budget balance in this economy would be:
|
In: Economics
It appears that not all people are equally vulnerable to cancer. People from some ethnic groups have higher or lower than average chances of developing certain types of cancer. Jennifer’s manager Dr. Steinberg thinks that the company’s insurance policy should reflect this fact and constantly raises this question in the meetings. To be more convincing, he asked Jennifer Nguyen to take a random sample of those Healthy Life clients who belong to ethnic group X (at least on their maternal or paternal side) and a similar sample consisting of the clients without X ancestry. Then, Jennifer was asked to compare clients’ Y parameters indicating likelihood of developing W cancer. (As the matter is ticklish, we will not be naming the ethnic group, the type of cancer, the medical parameter, and the gender of sample members.) Then, it is known that in the general population Y parameters are distributed with the standard deviation of 3.0 (therefore the population variance is equal to 9.0). However in the X ethnic group the population standard deviation is about 2.1(and the population variance is equal to 4.41). As only 2-3% of Canadians have X ancestors, Jennifer and her manager assume that the standard deviation in the population of those who have no X ancestry is also around 3.0 as in the country in general. This assumption allows using z-distribution. The data are provided. Can we state at 1% level of significance that it matters whether a person belongs to X group or not in terms of the risk of developing W cancer? Or the chances are equal (on average Y parameters are the same)? Help Jennifer Nguyen to conduct the test. Use Data Analysis z-Test: Two-Sample for Means.
| X Group | Not X Group | |
| 1 | 9.2 | 2.6 |
| 2 | 6.4 | 4.7 |
| 3 | 5.5 | 8.8 |
| 4 | 7.1 | 2.0 |
| 5 | 3.6 | 1.2 |
| 6 | 5.3 | 3.5 |
| 7 | 6.5 | 5.2 |
| 8 | 9.8 | 6.8 |
| 9 | 2.5 | 9.1 |
| 10 | 4.9 | 1.0 |
| 11 | 9.5 | 0.8 |
| 12 | 7.7 | 0.9 |
| 13 | 8.1 | 1.6 |
| 14 | 6.0 | 4.5 |
| 15 | 5.0 | 5.6 |
| 16 | 5.5 | 7.5 |
| 17 | 7.2 | 2.8 |
| 18 | 4.5 | 2.0 |
| 19 | 4.0 | 1.9 |
| 20 | 4.8 | 1.8 |
| 21 | 8.5 | 8.5 |
| 22 | 6.6 | 7.4 |
| 23 | 7.1 | 8.0 |
| 24 | 3.6 | 9.5 |
| 25 | 4.7 | 2.4 |
| 26 | 6.2 | 0.9 |
| 27 | 9.1 | 1.4 |
| 28 | 5.5 | 8.3 |
| 29 | 5.9 | 5.0 |
| 30 | 6.0 | 7.7 |
| 31 | 7.1 | 9.2 |
| 32 | 4.0 | 1.6 |
| 33 | 5.0 | 4.5 |
| 34 | 5.5 | 5.5 |
| 35 | 7.2 | 7.5 |
| 36 | 4.5 | 2.9 |
| 37 | 6.2 | 2.0 |
| 38 | 9.2 | 1.9 |
| 39 | 5.5 | 2.1 |
| 40 | 5.8 | 8.7 |
In: Statistics and Probability
Kaelea, Inc., has no debt outstanding and a total market value
of $129,000. Earnings before interest and taxes, EBIT, are
projected to be $8,700 if economic conditions are normal. If there
is strong expansion in the economy, then EBIT will be 22 percent
higher. If there is a recession, then EBIT will be 33 percent
lower. The company is considering a $42,900 debt issue with an
interest rate of 5 percent. The proceeds will be used to repurchase
shares of stock. There are currently 4,300 shares outstanding.
Assume the company has a market-to-book ratio of 1.0.
a. Calculate return on equity, ROE, under each of
the three economic scenarios before any debt is issued, assuming no
taxes. (Do not round intermediate calculations and enter
your answers as a percent rounded to 2 decimal places, e.g.,
32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
b. Calculate the percentage changes in ROE when
the economy expands or enters a recession, assuming no taxes.
(A negative answer should be indicated by a minus
sign. Do not round intermediate calculations and enter your
answers as a percent rounded to the nearest whole number, e.g.,
32.)
| %ΔROE | |
| Recession | % |
| Expansion | % |
Assume the firm goes through with the proposed recapitalization and
no taxes.
c. Calculate return on equity, ROE, under each of
the three economic scenarios after the recapitalization.
(Do not round intermediate calculations and enter your
answers as a percent rounded to 2 decimal places, e.g.,
32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
d. Calculate the percentage changes in ROE for
economic expansion and recession. (A negative answer should
be indicated by a minus sign. Do not round
intermediate calculations and enter your answers as a percent
rounded to 2 decimal places, e.g.,
32.16.)
| %ΔROE | |
| Recession | % |
| Expansion | % |
Assume the firm has a tax rate of 40 percent.
e. Calculate return on equity, ROE, under each of
the three economic scenarios before any debt is issued. Also,
calculate the percentage changes in ROE for economic expansion and
recession. (A negative answer should be indicated by a
minus sign. Do not round intermediate calculations
and enter your answers as a percent rounded to 2 decimal places,
e.g., 32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
| %ΔROE | |
| Recession | % |
| Expansion | % |
f. Calculate return on equity, ROE, under each of
the three economic scenarios after the recapitalization. Also,
calculate the percentage changes in ROE for economic expansion and
recession, assuming the firm goes through with the proposed
recapitalization. (A negative answer should be indicated by
a minus sign. Do not round intermediate
calculations and enter your answers as a percent rounded to 2
decimal places, e.g.,
32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
| %ΔROE | |
| Recession | % |
| Expansion | % |
In: Finance