A projectile is fired from the ground, reaches a maximum height of 26.8 m and lands a distance of 76.7 m away from the launch point. What was the projectile s launch velocity?
A) 28.2 m/s, 54.4 degrees above horizontal
B) 22.9 m/s, 27.2 degrees above horizontal
C) 16.4 m/s, 16.3 degrees above horizontal
D) 42.3 m/s, 8.2 degrees above horizontal
In: Physics
Exercise 8-14 Sales and Production Budgets [LO8-2, LO8-3]
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account):
1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |
Budgeted unit sales | 12,500 | 13,500 | 15,500 | 14,500 |
The selling price of the company’s product is $24 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $73,200.
The company expects to start the first quarter with 2,500 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter’s budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,700 units.
Required:
1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole.
2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole.
3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole.
Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole.
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Requirement 2
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Requirement 3
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In: Accounting
Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018. The manufacturing cost of the computers was $19 million.
This non-cancelable lease had the following terms:
1.) Lease payments: 3,287,947 semiannually, first payment at January 1, 2018; remaining payments at June 30 and December 31 each year through June 30, 2022
2.) Lease term: 5 years (10 semi-annual payments)
3.) No residual value; no purchase option
4.) Economic Life of equipment: 5 years
5.) Implicit interest rate and lessee's incremental borrowing rate: 9% semiannually
6.) Fair Value of the computers at January 1, 2018: $23 million
What is the interest revenue that Technoid would report for this lease in its 2018 income statement?
In: Accounting
Hardee Transportation
Hardee’s line-haul tractors currently are equipped with the Qualcomm Satellite system. This allows Hardee to maintain real-time visibility of its tractors while they are either in motion or at rest. Trailer visibility is only available when it is hooked to a tractor. Hardee does not currently have electronic visibility of manifest/bill of landing (BOL) data in its trailers. In other words, Hardee’s satellite system will tell it that tractor #3235 is currently hooked to trailer #13145. What the system does not tell it is who the driver is, what the vehicle weight is, or which BOLs are on the trailer. To this point, Hardee’s system has served them well.
Hardee services many large manufacturers in the consumer goods industry whose main customers are large discount and specialty retailers. A current movement in this industry is the adoption of radio frequency identification (FRID) tags for full, real-time, visibility of inventory in the supply chain. Most of these efforts have taken place in manufacturing facilities, distribution centers, and retail stores. Some initiatives have placed RFID tags on pallets, cases, and individual consumer units. On of the disadvantages of these tags is the cost. Because of current low demand of these tags, each one can cost anywhere from $0.5 to $1. This cost could be prohibitive for large-volume customers.
One of Jim O’Brien’s large customers (a manufacturer of consumer products) has begun a major initiative with one of its retailers to place RFID tags on their pallets. A future pilot program will start placing these tags on each individual shipping case. Jim’s customer wants Hardee to become part of the pallet pilot because of the strategic role the carrier plays in this retail supply chain.
Jim knows little about RFID technology. What he does know is that the tags are expensive, require special receivers, and have a limited transmission distance (5 to 10 feet for passive tags). Hardee would need to develop the technology to track these pallets not only while sitting in Hardee’s yard or on its dock but also while they are in transit. Jim is really not sure what this will mean for Hardee and how it will change its technology requirements.
What would you tell Jim about RFID? How will this technology impact his carrier’s operations? How will he implement it while not incurring a huge expense? What will happen when the tags are placed on individual case?
In: Operations Management
Discuss the Bauhaus movement as a 20th century phase of European culture. In what ways did world events influence Bauhaus as an aesthetic and philosophical movement.
In: Biology
12. Suppose the economy is in long-run equilibrium. If there is
an increase in consumer spending due to a tax rebate at the same
time that a natural disaster adversely affects the availability of
production inputs within the country, then in the short-run we
would expect
A. the price level will rise, and real GDP might rise, fall, or
stay the same.
B. the price level will fall, and real GDP might rise, fall, or
stay the same.
C. real GDP will fall and the price level might rise, fall, or stay
the same.
D. real GDP will rise and the price level might rise, fall, or stay
the same.
E. the price level might rise, fall or stay the same and real GDP
might rise, fall, or stay the same.
13. Suppose the economy is in long-run equilibrium. If there is a
significant consumption (sales) tax increase at the same time that
major new sources of oil are discovered in the country, then in the
short-run we would expect
A. real GDP will fall and the price level might rise, fall, or stay
the same.
B. real GDP will rise and the price level might rise, fall, or stay
the same.
C. the price level might rise, fall or stay the same and real GDP
might rise, fall, or stay the same.
D. the price level will rise, and real GDP might rise, fall, or
stay the same.
E. the price level will fall, and real GDP might rise, fall, or
stay the same.
14. Suppose the economy is in long-run equilibrium. If there is an
expansion of government spending at the same time that a
significant increase in immigration of skilled workers reduces
production costs, then in the short-run we would expect
A. real GDP will fall and the price level might rise, fall, or stay
the same.
B. real GDP will rise and the price level might rise, fall, or stay
the same.
C. the price level will fall, and real GDP might rise, fall, or
stay the same.
D. the price level will rise, and real GDP might rise, fall, or
stay the same.
E. Either A or C will occur.
In: Economics
Minnesota Wave Rentals incurs a marginal cost of $48 per day of providing a WaveRunner to a tourist. Minnesota Wave Rentals has daily fixed costs of $8,000. The daily demand curve facing Minnesota Wave Rentals is P = 240 – 0.10*Q, with Q representing the number of WaveRunners rented, and P representing the price-to-rent rate charged to tourists.
Show your explanations and math in the spaces below (typed), or if you use Excel, please state your results in the spaces below, and refer to your uploaded Excel file.
a)What is the profit-maximizing price to rent a WaveRunner? How many WaveRunners will Minnesota Wave Rentals rent per day? What are Minnesota Wave Rentals’ daily total revenues, total costs, and total profits?
b) If Minnesota Wave Rentals’ marginal cost increases to $60 per day due to a tax on each personal watercraft rental to support state tourism advertising, what would be the profit-maximizing price to rent and quantity rented?
c) If, instead, Minnesota Wave Rentals’ fixed costs change, to $10,000 per day, due to higher dock fees all over Minnesota, what would be the profit-maximizing price to rent and quantity rented?
d) Use marginal analysis to explain the difference in how Minnesota Wave Rentals should respond to increased marginal cost vs. increased fixed cost.
In: Economics
Can anyone explain the complete mechanism of a nitrile with a grignard reagent to form a ketone?
In: Chemistry
John Lane is the new appointed financial controller of Sonic Manufacturing Ltd (Sonic). The company specializes in the manufacture of audio and video devices. John met with Tony Chan, Sonic’s plant manager, on the first day of work at his new job. Tony expressed his big concern to John about the current huge cash flow tied up in the inventory stored in the warehouse. He has been considering the implementation of a JIT production project in the plant. However, he is unsure about the benefits, given the risks involved for not keeping adequate inventory for production. John was asked to evaluate the proposal and give him the recommendation. The following information are obtained from Tony:
1. Annual cost for JIT production implementation would be
$1,000,000.
2. Average inventory would decline by 80% from the current level of
$6,000,000
3. The expected savings from insurance, space, warehousing costs
would be 80% of the current level of $800,000.
4. Rework costs would be reduced by 50% due to quality improvement
achieved from the JIT production system. The company currently
incurs $200,000 in annual rework costs.
5. The existing annual sales of Sonic’s products are 100,000 units
at selling price $500 each in average. Improved product quality
under JIT production would enable the company to have higher value
added to products and therefore can charge a higher price of $502
per unit. However, the company also expects an incremental cost of
$200,000 in overtime premiums each year to avoid any loss of sales
due to stockouts. Sonic’s required rate of return on inventory
investment is 15% per year.
Required:
a) From a financial perspective, should Tony implement the JIT
production project? Explain.
b) Identify five nonfinancial and qualitative factors Tony should
consider when making the decision to adopt JIT production.
c) Assume that Tony has implemented JIT production. Give six
examples of the performance measures (financial and non-financial)
that Tony could use to evaluate and control JIT production.
In: Operations Management
Give me three companies that have recently made the mainstream news media in relation to corporate social responsibility.
In: Operations Management
Consider the following production function: f(x,y)=x+y^0.5. If the input prices of x and y are wx and wy respectively, then find out the combination of x and y that minimizes cost in order to produce output level q. Also find the cost function.
In: Economics
Provide an example of scarcity problem that affects an
individual consumer.
Which economics principles govern the situation you described?
In: Economics
_______5.
Happy Days, Inc.
Comparative Balance Sheet
June 30, 2019 and 2018
Assets |
Increase (Decrease) |
|||
2018 |
2017 |
Amount |
Percent |
|
Current assets |
$256,000 |
$190,000 |
||
Property, plant, and equipment |
428,000 |
405,000 |
||
Intangible assets |
24,000 |
32,000 |
||
Total Assets |
$708,000 |
$81,000 |
12.9% |
|
Liabilities |
||||
Current liabilities |
$81,000 |
$89,000 |
||
Long-term liabilities |
235,000 |
275,000 |
||
Total Liabilities |
$316,000 |
$(48,000) |
(13.2%) |
|
Stockholders’ Equity |
||||
Common stock |
$276,000 |
$210,000 |
||
Retained earnings |
116,000 |
53,000 |
||
Total Stockholders’ Equity |
$392,000 |
$129,000 |
49.0% |
|
Total Liabilities & Stockholders’ Equity |
$708,000 |
$81,000 |
12.9% |
In: Accounting
In: Civil Engineering
Comment on the description of the Lorenz Curve? Is this okay? Which type of tax system are you in favor of and why? (progressive, proportional (flat), or regressive) Which is the best and why?
In: Economics