According to Theodore Moran, when do the greatest spillovers on the local economy occur?
Select one:
a. When there is an appropriate balance between multinational corporations and the state in productive decision-making
b. None of the choices given (above/below)
c. When the multinational corporation is free to make the productive decisions
d. When the UN is responsible for regulating productive decisions.
e. When the state is responsible for regulating productive decisions
In: Economics
SmartAuto Manufacturing is engaged in the production of replacement parts for automobiles. One plant specializes in the production of two parts: Part #127 and Part #234. Part #127 produced the highest volume of activity, and for many years it was the only part produced by the plant. Five years ago, Part #234 was added. Part #234 was more difficult to manufacture and required special tooling and setups. Profits increased for the first three years after the addition of the new product. In the last two years, however, the plant faced intense competition, and its sales of Part #127 dropped. In fact, the plant showed a small loss in the most recent reporting period.
Much of the competition was from foreign sources, and the plant manager was convinced that the foreign producers were guilty of selling the part below the cost of producing it. The following conversation between Patricia Wang, plant manager, and James Tin, divisional marketing manager, reflects the concerns of the division about the future of the plant and its products.
JAMES: You know, Patricia, the divisional manager is real concerned about the plant's trend. He indicated that in this budgetary environment, we can't afford to carry plants that don't show a profit. We shut one down just last month because it couldn't handle the competition.
PATRICIA: James, you and I both know that Part #127 has a reputation for quality and value. It has been a mainstay for years. I don't understand what's happening.
JAMES: I just received a call from one of our major customers concerning Part #127. He said that a sales representative from another firm offered the part at $20 per unit – $11 less than what we charge. It's hard to compete with a price like that. Perhaps the plant is simply obsolete.
PATRICIA: No. I don't buy that. From my sources, I know we have good technology. We are efficient.
And it's costing a little more than $21 to produce that part. I don't see how these companies can afford to sell it so cheaply. I'm not convinced that we should meet the price. Perhaps a better strategy is to emphasize producing and selling more of Part #234. Our margin is high on this product, and we have virtually no competition for it.
JAMES: You may be right. I think we can increase the price significantly and not lose business. I called a few customers to see how they would react to a 25 percent increase in price, and they all said that they would still purchase the same quantity as before.
PATRICIA: It sounds promising. However, before we make a major commitment to Part #234, I think we had better explore other possible explanations. I want to know how our production costs compare to those of our competitors. Perhaps we could be more efficient and find a way to earn our normal return on Part #127. The market is so much bigger for this part. I'm not sure we can survive with only Part #234. Besides, my production people hate that part. It's very difficult to produce.
After her meeting with James, Patricia requested an investigation of the production costs and comparative efficiency. She received approval to hire a consulting group to make an independent investigation. After a three-month assessment, the consulting group provided the following information on the plant's production activities and costs associated with the two products:
|
Part #127 |
Part #234 |
|
|
Production |
500,000 |
100,000 |
|
Selling price |
$31.86 |
$24.00 |
|
Prime cost per unit |
$9.53 |
$8.26 |
|
Number of production runs |
100 |
200 |
|
Receiving orders |
400 |
1,000 |
|
Machine hours |
125,000 |
60,000 |
|
Direct labor hours |
250,000 |
22,500 |
|
Engineering hours |
5,000 |
5,000 |
|
Material moves |
500 |
400 |
* Calculated using a plantwide rate based on direct labor hours. This is the current way of assigning the plant's overhead to its products.
The consulting group recommended switching the overhead assignment to an activity-based approach. It maintained that activity-based cost assignment is more accurate and will provide better information for decision making. To facilitate this recommendation, it grouped the plant's activities into homogeneous sets with the following costs:
|
Overhead: |
||
|
Setup costs |
$ 240,000 |
|
|
Machine costs |
1,750,000 |
|
|
Receiving costs |
2,100,000 |
|
|
Engineering costs |
2,000,000 |
|
|
Materials-handling costs |
900,000 |
|
|
Total |
$ 6,990,000 |
|
|
Part 1: Compute overhead and gross margin using traditional costing. |
||||
|
Part 2: Select the best cost driver and compute overhead rates for each cost pool. |
||||
|
Part 3: Compute overhead and gross margin using Activity-based costing. |
||||
|
||||
|
Part 5: Two reasonable recommendation to improve profitability (Explain) |
||||
In: Accounting
Dana Company projects a sales revenue of $150,000 during the calendar year 2014. Using the income statement provided below, prepare a pro-forma income statement using the percent-of-sales method.
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2013
| Sales Revenue | 100,000 |
| Less: Cost of Good Sold | 87,000 |
| Gross Profits | 13,000 |
| Less: Operating Expenses | 11,000 |
| Operating Profits | 2,000 |
| Less: Interest Expense | 500 |
| Net Profits before taxes | 1500 |
| Less: Taxes (40%) | 600 |
| Net Profits after taxes | 900 |
In: Finance
Research has shown that several biases can have an effect on performance appraisals. Choose three of the bias effects described in your readings (e.g., similar-to-me, physical attractiveness, age, etc.), and describe how an a organization can make systemic changes (i.e., do not just suggest that individuals change their thinking) to avoid these bias effects in performance appraisals.
In: Psychology
In: Physics
Benzene has a ΔHvap = 33.90 kJ/mol and a ΔSvap = 96.4 J/mol-K. What is the vaporization temperature of Benzene in Celsius?
In: Chemistry
|
ANNUAL BALANCE SHEET |
||||||
|
($ MILLIONS) |
||||||
|
BOEING CO |
||||||
|
Dec09 |
Dec08 |
Dec07 |
Dec06 |
Dec05 |
||
|
ASSETS |
||||||
|
Cash & Short-Term Investments |
11,223 |
3,279 |
9,308 |
6,386 |
5,966 |
|
|
Net Receivables |
6,153 |
6,027 |
6,068 |
5,655 |
5,613 |
|
|
Inventories |
16,933 |
15,612 |
9,563 |
8,105 |
7,940 |
|
|
Other Current Assets |
966 |
1,046 |
2,341 |
2,837 |
2,449 |
|
|
------------------ |
------------------ |
------------------ |
------------------ |
-------------- |
||
|
Total Current Assets |
35,275 |
25,964 |
27,280 |
22,983 |
21,968 |
|
|
Gross Plant, Property & Equipment |
21,579 |
21,042 |
20,180 |
19,310 |
19,692 |
|
|
Accumulated Depreciation |
12,795 |
12,280 |
11,915 |
11,635 |
11,272 |
|
|
------------------ |
------------------ |
------------------ |
------------------ |
-------------- |
||
|
Net Plant, Property & Equipment |
8,784 |
8,762 |
8,265 |
7,675 |
8,420 |
|
|
Investments at Equity |
974 |
942 |
1,085 |
964 |
84 |
|
|
Other Investments |
5,522 |
6,243 |
9,803 |
11,641 |
12,407 |
|
|
Intangibles |
7,196 |
6,332 |
5,174 |
4,745 |
2,799 |
|
|
Deferred Charges |
- |
- |
- |
- |
13,251 |
|
|
Other Assets |
4,302 |
5,536 |
7,379 |
3,786 |
1,129 |
|
|
------------------ |
------------------ |
------------------ |
------------------ |
-------------- |
||
|
TOTAL ASSETS |
62,053 |
53,779 |
58,986 |
51,794 |
60,058 |
|
|
LIABILITIES |
||||||
|
Long Term Debt Due In One Year |
707 |
560 |
762 |
1,381 |
1,189 |
|
|
Accounts Payable |
7,096 |
5,871 |
5,714 |
5,643 |
5,124 |
|
|
Taxes Payable |
182 |
41 |
253 |
670 |
556 |
|
|
Accrued Expenses |
12,822 |
6,169 |
6,637 |
6,106 |
6,590 |
|
|
Other Current Liabilities |
12,076 |
18,284 |
18,172 |
15,901 |
14,729 |
|
|
------------------ |
------------------ |
------------------ |
------------------ |
-------------- |
||
|
Total Current Liabilities |
32,883 |
30,925 |
31,538 |
29,701 |
28,188 |
|
|
Long Term Debt |
12,217 |
6,952 |
7,455 |
8,157 |
9,538 |
|
|
Deferred Taxes |
- |
- |
1,190 |
- |
2,067 |
|
|
Minority Interest |
97 |
|||||
|
Other Liabilities |
14,728 |
17,196 |
9,799 |
9,197 |
9,206 |
|
|
------------------ |
------------------ |
------------------ |
------------------ |
-------------- |
||
|
TOTAL LIABILITIES |
59,925 |
55,073 |
49,982 |
47,055 |
48,999 |
|
|
EQUITY |
||||||
|
Common Stock |
5,061 |
5,061 |
5,061 |
5,061 |
5,061 |
|
|
Capital Surplus |
3,724 |
3,456 |
4,757 |
4,655 |
4,371 |
|
|
Retained Earnings |
10,869 |
9,150 |
16,780 |
10,236 |
15,498 |
|
|
Less: Treasury Stock |
17,526 |
18,961 |
17,594 |
15,213 |
13,871 |
|
|
------------------ |
------------------ |
------------------ |
------------------ |
-------------- |
||
|
TOTAL EQUITY |
2,128 |
(1,294) |
9,004 |
4,739 |
11,059 |
|
|
------------------ |
------------------ |
------------------ |
------------------ |
-------------- |
||
|
TOTAL LIABILITIES & EQUITY |
62,053 |
53,779 |
58,986 |
51,794 |
60,058 |
|
|
Common Shares Outstanding |
726.291 |
698.138 |
736.681 |
757.836 |
760.577 |
|
|
ANNUAL INCOME STATEMENT |
||||||
|
Dec09 |
Dec08 |
Dec07 |
Dec06 |
Dec05 |
||
|
Sales |
68,281 |
60,909 |
66,387 |
61,530 |
54,845 |
|
|
Cost of Goods Sold |
55,092 |
48,950 |
51,977 |
48,926 |
44,757 |
|
|
------------------- |
------------------ |
------------------ |
------------------ |
--------------- |
||
|
Gross Profit |
13,189 |
11,959 |
14,410 |
12,604 |
10,088 |
|
|
Selling, General, & Administrative Exp. |
9,870 |
6,852 |
7,381 |
7,428 |
6,433 |
|
|
------------------- |
------------------ |
------------------ |
------------------ |
--------------- |
||
|
Operating Income Before Deprec. |
3,319 |
5,107 |
7,029 |
5,176 |
3,655 |
|
|
Depreciation,Depletion,&Amortization |
1,273 |
1,179 |
1,130 |
1,158 |
1,092 |
|
|
------------------- |
------------------ |
------------------ |
------------------ |
--------------- |
||
|
Operating Profit |
2,046 |
3,928 |
5,899 |
4,018 |
2,563 |
|
|
Interest Expense |
604 |
524 |
608 |
657 |
713 |
|
|
Non-Operating Income/Expense |
289 |
591 |
827 |
709 |
391 |
|
|
Special Items |
(876) |
578 |
||||
|
------------------- |
------------------ |
------------------ |
------------------ |
--------------- |
||
|
Pretax Income |
1,731 |
3,995 |
6,118 |
3,194 |
2,819 |
|
|
Total Income Taxes |
396 |
1,341 |
2,060 |
988 |
257 |
|
|
------------------- |
------------------ |
------------------ |
------------------ |
--------------- |
||
|
Income Before Extraordinary |
||||||
|
Items & Discontinued Operations |
1,335 |
2,654 |
4,058 |
2,206 |
2,562 |
|
|
Discontinued Operations |
(23) |
18 |
16 |
9 |
(7) |
|
|
------------------- |
------------------ |
------------------ |
------------------ |
--------------- |
||
|
Adjusted Net Income |
1,312 |
2,672 |
4,074 |
2,215 |
2,555 |
|
|
A. What percentage decline in earnings before interest and taxes could Boeing have sustained in these years before failing to cover |
||||
|
i. Interest and principal repayment requirements, |
||||
|
ii. Interest, principal and common dividend payments? |
||||
|
B. What do these calculations suggest about Boeing’s financial leverage during this period? |
||||
Please Answer question in detailed and as soon as possible. Thank you!
In: Finance
In: Economics
In: Math
Financial reporting by general-purpose governments includes presentation of management’s discussion and analysis as
a. Required supplementary information after the notes to the financial statements.
b. A description of currently known facts, decisions, or conditions expected to have significant effects on financial activities.
c. Part of the basic financial statements.
d. Information that may be limited to highlighting the amounts and percentages of change from the prior to the current year.
In: Accounting
Write an AWK program that takes as input salary_file (Imaginary File). The
salary_file consists around 150 records, each record having three fields: name, salary per hour,
and hours worked -- fields 1, 2, and 3, respectively. Save your AWK program in a file. Name the
file according to our standard convention but with .awk extension, hence name it
As5_yourName_p2.awk. Do not forget to have comments inside of your AWK file.
Your AWK program should have all three segments: BEGIN, main (pattern/action), and END
blocks
1. In the BEGIN segment
1. print your name
2. introduce/initiate variables that you are going to use in parts 2. and 3. of this
Problem
2. In the main block/segment, print
1. only names and salaries of employees that earned more than $700.00
2. names of all employees whose names start with capital A, G or W
3. In the END segment, print
1. total number of employees
2. cumulative hours worked by all employees
3. name of the employee that earned the most
4. name of the file that AWK (this program) is processing
In: Computer Science
38)What is the experimental yield (in g of precipitate) when 17.8 mL of a 0.6 M solution of sodium chloride is combined with 16.5 mL of a 0.674 M solution of silver nitrate at a 88.5% yield?
In: Chemistry
Dario, a prep cook at an Italian restaurant, spins a salad
spinner and observes that it rotates 20.0 times in 5.00 seconds and
then stops spinning it. The salad spinner rotates 6.00 more times
before it comes to rest. Assume that the spinner slows down with
constant angular acceleration.
What is the magnitude of the angular acceleration of the salad spinner as it slows down?
Express your answer numerically in radians per second per second.
In: Physics
Two-year-old Danielle has parents who encourage emotional expressiveness and show empathetic concern for her feelings. How is Danielle most likely to respond when another child is unhappy?
In: Psychology
1. Population size will always decrease if…
a. rmax = 0.5
b. N > K
c. there is exponential growth
d. N = 1000
e. The growth model is density-dependent
2. Which of the following describes K-selected populations?
a. Density-dependent, low competition for resources, little parental care, lots of large offspring
b. Density-independent, highly likelihood of surviving to reproduce again, little parental care, unstable environment
c. Density-dependent, many offspring, high competition for resources, small offspring
d. Density-dependent, high likelihood of surviving to reproduce again, high survival offspring, “lots” of parental care
e. Density-independent, high competition for resources, little parental care, large offspring
3. Realized niche is necessarily_________________ than a fundamental niche.
a. Larger than
b. The same size as
c. Larger than or the same size as
d. Smaller than
e. Smaller than or the same size as
4. The intermediate disturbance hypothesis (IDH) is related to succession which of the following ways?
a. Intermediate levels of disturbance act to disrupt the succession process and allow early succession species to reestablish.
b. The intermediate disturbance hypothesis does not relate to succession.
c. Communities at later successional stages will be more diverse according the IDH.
d. Intermediate levels of disturbance will favor K-selected species.
e. Low levels of disturbance increase diversity by adding r-selected species to habitats according to the IDH.
5. An island that is close to the mainland has higher diversity than an island far from the mainland because
a. The immigration rate is lower and the extinction rate is higher on the close island
b. The immigration rate is higher and the extinction rate is lower on the close island
c. The immigration rate and extinction rate are both higher on the close island
d. The extinction rate and immigration rate are both lower on the close island
e. Islands closer to the mainland have lower diversity
In: Biology