Crown Co. can produce two types of lamps, the Enlightner and Foglighter. The data on the two lamp models are as follows:
Enlightner | Foglighter | |||||||
Sales volume in units | 570 | 470 | ||||||
Unit sales price | $ | 300 | $ | 400 | ||||
Unit variable cost | 200 | 240 | ||||||
Unit contribution margin | $ | 100 | $ | 160 | ||||
It takes one machine hour to produce each product. Total fixed costs for the manufacture of both products are $125,000. Demand is high enough for either product to keep the plant operating at maximum capacity.
Assuming that sales mix in terms of dollars remains constant, what is the breakeven point in dollars? (Round intermediate calculations to 4 decimal places and final answer up to the nearest whole number.)
Multiple Choice
$383,459.
$213,089.
$401,237.
$339,489.
$1,040,391.
In: Accounting
Analyze how much of the funding should come from debt, and how much from equity. Support your evaluation. Please provide reference
In: Finance
How do trends evolve and move in society? How have trends evolved to shape fashion at the beginning of the 21st Century? Use specific examples.
In: Psychology
A mass 1 0.400 kg block is released from rest at the top of a frictionless track height one=2.90 m above the top of a table. It then collides elastically with a 1.00 kg mass that is initially at rest on the table. Assume a perfectly inelastic equation.
a) Determine the speed of the two masses just after the collision. b. How far away from the bottom of the table does the 1.00 kg mass land, given that the table is 1.60 m high?
In: Physics
PVA (Poly(vinyl alcohol))
1) Show that the average strand of PVA (MW 78,000) contains approximately 1800 monomer units.
2) Calculate the approximate length of PVA assuming that each monomer unit contributes two carbon atom diameters to the length (1 carbon atom diameter = 154 pm).
3) Show that 1.00 L of 4% (40g/L) PVA contains approximately 3 x 10^20 PVA strands.
In: Chemistry
Broussard Skateboard's sales are expected to increase by 25% from $8.4 million in 2016 to $10.50 million in 2017. Its assets totaled $6 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 3%, and the forecasted payout ratio is 70%. What would be the additional funds needed? Do not round intermediate calculations. Round your answer to the nearest dollar.
In: Finance
The comparative balance sheets for 2018 and 2017 are given below
for Surmise Company. Net income for 2018 was $76 million.
SURMISE COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) |
||||||||
2018 | 2017 | |||||||
Assets | ||||||||
Cash | $ | 22 | $ | 31 | ||||
Accounts receivable | 87 | 102 | ||||||
Less: Allowance for uncollectible accounts | (23 | ) | (5 | ) | ||||
Prepaid expenses | 18 | 14 | ||||||
Inventory | 129 | 109 | ||||||
Long-term investment | 122 | 85 | ||||||
Land | 94 | 94 | ||||||
Buildings and equipment | 386 | 260 | ||||||
Less: Accumulated depreciation | (131 | ) | (104 | ) | ||||
Patent | 23 | 25 | ||||||
$ | 727 | $ | 611 | |||||
Liabilities | ||||||||
Accounts payable | $ | 17 | $ | 38 | ||||
Accrued liabilities | 1 | 18 | ||||||
Notes payable | 44 | 0 | ||||||
Lease liability | 116 | 0 | ||||||
Bonds payable | 62 | 126 | ||||||
Shareholders’ Equity | ||||||||
Common stock | 67 | 50 | ||||||
Paid-in capital—excess of par | 257 | 205 | ||||||
Retained earnings | 163 | 174 | ||||||
$ | 727 | $ | 611 | |||||
Required:
Prepare the statement of cash flows of Surmise Company for the year
ended December 31, 2018. Use the indirect method to present cash
flows from operating activities because you do not have sufficient
information to use the direct method. You will need to make
reasonable assumptions concerning the reasons for changes in some
account balances. A spreadsheet or T-account analysis will be
helpful. (Hint: The right to use a building was acquired with a
seven-year lease agreement. Annual lease payments of $10 million
are paid at January 1 of each year starting in 2018.)
(Enter your answers in millions (i.e., 10,000,000 should be
entered as 10). Amounts to be deducted should be indicated with a
minus sign.)
In: Accounting
On January 1, 2018, Nguyen Electronics leased equipment from
Nevels Leasing for a four-year period ending December 31, 2021, at
which time possession of the leased asset will revert back to
Nevels. The equipment cost Nevels $839,368 and has an expected
economic life of five years. Nevels expects the residual value at
December 31, 2021, will be $115,000. Negotiations led to the lessee
guaranteeing a $170,000 residual value.
Equal payments under the lease are $215,000 and are due on December
31 of each year with the first payment being made on December 31,
2018. Nguyen is aware that Nevels used a 5% interest rate when
calculating lease payments. (FV of $1, PV of $1, FVA of $1, PVA of
$1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s)
from the tables provided.)
Required:
1. Prepare the appropriate entries for both
Nguyen and Nevels on January 1, 2018, to record the lease.
2. Prepare all appropriate entries for both Nguyen
and Nevels on December 31, 2018, related to the lease.
In: Accounting
Problem 12-07 Forecasted Statements and Ratios Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain of retail stores, and has a staff to advise customers and help them set up their new computers. Upton's balance sheet as of December 31, 2016, is shown here (millions of dollars): Cash $ 3.5 Accounts payable $ 9.0 Receivables 26.0 Notes payable 18.0 Inventories 58.0 Line of credit 0 Total current assets $ 87.5 Accruals 8.5 Net fixed assets 35.0 Total current liabilities $ 35.5 Mortgage loan 6.0 Common stock 15.0 Retained earnings 66.0 Total assets $122.5 Total liabilities and equity $122.5 Sales for 2016 were $275 million and net income for the year was $8.25 million, so the firm's profit margin was 3.0%. Upton paid dividends of $3.3 million to common stockholders, so its payout ratio was 40%. Its tax rate was 40%, and it operated at full capacity. Assume that all assets/sales ratios, (spontaneous liabilities)/sales ratios, the profit margin, and the payout ratio remain constant in 2017. Do not round intermediate calculations. If sales are projected to increase by $70 million, or 25.45%, during 2017, use the AFN equation to determine Upton's projected external capital requirements. Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places. $ million Using the AFN equation, determine Upton's self-supporting growth rate. That is, what is the maximum growth rate the firm can achieve without having to employ nonspontaneous external funds? Round your answer to two decimal places. % Use the forecasted financial statement method to forecast Upton's balance sheet for December 31, 2017. Assume that all additional external capital is raised as a line of credit at the end of the year and is reflected (because the debt is added at the end of the year, there will be no additional interest expense due to the new debt). Assume Upton's profit margin and dividend payout ratio will be the same in 2017 as they were in 2016. What is the amount of the line of credit reported on the 2017 forecasted balance sheets? (Hint: You don't need to forecast the income statements because the line of credit is taken out on last day of the year and you are given the projected sales, profit margin, and dividend payout ratio; these figures allow you to calculate the 2017 addition to retained earnings for the balance sheet without actually constructing a full income statement.) Round your answers to the nearest cent. Upton Computers Pro Forma Balance Sheet December 31, 2017 (Millions of Dollars) Cash $ Receivables $ Inventories $ Total current assets $ Net fixed assets $ Total assets $ Accounts payable $ Notes payable $ Line of credit $ Accruals $ Total current liabilities $ Mortgage loan $ Common stock $ Retained earnings $ Total liabilities and equity $.
In: Finance
A 58 y/o female visits the Health center due to palpitations.
Medical background:
History of present illness:
Present condition started few weeks now with palpitations associated with some giddiness, no associated chest pains, cold sweating nor malaise/fever.
Pertinent On Examination:
BP 105/70mmhgPR 96/minRR 21/minTemp: 36.7 C
No anemia
Cardiac: mild tachycardia, irregular rhythm, no murmur
Lungs: Bibasilar crepitation
No edema
ECHO done Ejection fraction 45% with LA and LV, no clots seen
ECG: atrial fibrillation
IMPRESSION:
IHD (ischemic heart disease), CHF(congestive heart failure) , atrial fibrillation w/ normal ventricular respond
INVESTIGATIONS:
Discharge with additional meds:
QUESTIONS |
In: Nursing
Explain what means by barriers of effective listening to your audience?
In: Operations Management
You are just 23 years old and you have $10,000 in your retirement saving accounts. You expect to retire at the age of 70 (work for 47 more years) and expect to live for another 30 years after your retirement. On the day you retire, you want to have enough money in our retirement saving accounts such that you are able to draw $10,000 per month for 30 years. You are conservative in your estimate of interest rate and expect to earn on an average 4.25% on your money during the entire period.
(a) How much you need to deposit each month throughout your working years to achieve your post retirement income goal, if you plan to die on the day you spend your last penny?
(b) There is one more complication that you realized only at the last day of your age 35! And the end of your age 55 (in 20 year time), you expect your only kid to join a top notch MBA program. You want to help your kid achieve his/her career goal and you plan to give him/her a onetime grant of $150,000 when he joins the program. How much you need to additionally save each month from age 35 onwards to achieve enough funds at the end of age 70 to meet your original retirement income goal as well as your child’s educational goal?
(c) Suppose your financial situations at age 35 is such that you cannot increase your monthly savings in the pension account. If you still want to give your kid a onetime grant of $150,000 at the end of your age 55, how much reduction in your post retirement monthly income you have to absorb in order to accommodate the additional expenditure of $150,000.
In: Finance
Baker has been assigned to research the literature for a possible solution to a major operational problem at his employer. Baker spends many weeks searching the literature and finds a common solution theme for similar problems at various companies in various industries. Baker is somewhat dubious that the commonly reported solution would actually work at his employer. He has been thinking, and has a thought about a different solution that has never been tried before. He must report to the Board of Directors in three days. They are a no-nonsense Board and they expect results. The operational problem must be solved. What should Baker do?
In: Operations Management
. What issues are most important when recruiting participants for an experiment? Include ethical issues that should be addressed.
What are differences between random selection and random assignment?
What is an independent-groups experiment? Describe two procedures for random assignment used in an independent-groups experiment.
What is a dependent-groups experiment? Describe two procedures for random assignment used in a dependent-groups experiment.
In: Psychology
what are the effects of leveling income inequality on developing states in the 21st century?
(answer in 200 word paragraph)
In: Economics