Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow:
Direct Labor-Hours per Unit |
Annual Production |
||
Hubs | 0.80 | 12,000 | units |
Sprockets | 0.40 | 43,000 | units |
Additional information about the company follows:
a. Hubs require $21 in direct materials per unit, and Sprockets require $11.
b. The direct labor wage rate is $17 per hour.
c. Hubs are more complex to manufacture than Sprockets and they require special equipment.
d. The ABC system has the following activity cost pools:
Estimated | Activity | ||||
Activity Cost Pool (Activity Measure) | Overhead Cost | Hubs | Sprockets | Total | |
Machine setups (number of setups) | $ | 17,955 | 95 | 76 | 171 |
Special processing (machine-hours) | $ | 161,000 | 4,600 | 0 | 4,600 |
General factory (organization-sustaining) | $ | 302,000 | NA | NA | NA |
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In: Accounting
Turner, Roth, and Lowe are partners who share income and loss in a 2:3:5 ratio (in percents: Turner, 20%; Roth, 30%; and Lowe, 50%). The partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $133,200; total liabilities, $84,000; Turner, Capital, $3,100; Roth, Capital, $14,300; and Lowe, Capital, $31,800. Cash received from selling the assets was sufficient to repay all but $31,000 to the creditors. Required: a. Calculate the loss from selling the assets. b. Allocate the loss from part a to the partners. c. Determine how much each partner should contribute to the partnership to cover any remaining capital deficiency.
In: Accounting
How will the environment affect the airline industry? Give at least 10 affects and explain each
In: Economics
Referring to Conflict management, identify the five major steps involved in managing a conflict situation with the help of an example detailed for each step. Type into the text box below:
In: Civil Engineering
What are ways that governments are different from households? How do these differences result in needing to treat government deficits differently than households being in debt?
In: Economics
You are studying directional selection on neck length (a quantitative trait) in a giraffe population. Below you can see data on neck length of the whole population and the breeding parents.
Neck length of all individuals in population |
Neck length of breeders in population |
45 |
90 |
80 |
80 |
90 |
75 |
39 |
95 |
60 |
60 |
35 |
|
95 |
|
40 |
|
75 |
|
30 |
(a) (4 pts) What is the selection differential? Show your calculations.
(b) (4 pts) In the offspring of the next generation you find that the average neck length is 60. Based on this and the results from (a), what was the heritability of neck length. Show your calculations.
In: Biology
Burger King is planning to add a mango milkshake to its menu. The company tested the product in three major cities last year at a cost of $2 million and determined that there is considerable demand. At present, they only plan to sell the mango shakes for 5 years. Burger king plans to price this new flavor at $2 per shake and they anticipate selling 10 million mango shakes each year. Large quantities of mango trees will need to be purchased immediately at a total cost of $20 million. This will be a capital expense which Burger Kings will depreciate on a straight line basis to a value of zero over the next 5 years. Unfortunately, Burger King learned during the test market that the mango shakes will eat into the sales of their vanilla shakes. They only expect this happen during the first year though, when they expect to lose $4 million in sales of vanilla shakes from what they otherwise would have had. Both the vanilla and mango shakes have variable cost equal to 60% of their purchase price. The additional business from the new product will necessitate an injection of $1 million in net working capital immediately. Burger King expects that level of working capital to remain constant during the 5 years that the mango shakes are sold and then they expect to recover it at the end of the 5th year. Burger King’s stock is selling at $25 per share and it has a beta of 0.9. The risk free rate is 3% and the market risk premium 5.7%. The company has $240 million shares of common stock outstanding and debt (Bonds) with a face value of $800 million. All of its bonds will mature in 13 years are priced at 102, and have a coupon rate of 6.4%. Burger King’s marginal tax rate is 21%. Determine the free cash flows for this project and show them on the time line provided (in millions) below. Then calculate the WACC and the NPV. All cash flows should be discounted at the WACC.
___________________________________________________________________
0 1 2 3 4 5
Please note above: number of bonds/shares outstanding is 240 million!!
In: Finance
We saw that Quicksort actually won’t be “quick” when it attempts to sort some types of inputs (e.g., it will take O(n2) time to sort n numbers that are already sorted). List two different ways to improve Quicksort so that it will run “quickly” (on average, in linear time) regardless of the characteristics of the input pattern.
In: Computer Science
Consider the used-car market for the Ford Pinto described in class. There is now a surge in demand for used Pintos; buyers would now be willing to pay up to $17,000 for a peach and $7,000 for a lemon. All else remains identical to the example seen in class.
a. What price would buyers be willing to pay for a Pinto of unknown type if the fraction of peaches in the population, f, were 0.75?
b. Will there be a market for peaches if f=0.75? Explain.
c. What price would buyers be willing to pay if f were 0.5?
d. Will there be a market for peaches if f=0.5? Explain.
e. What is the minimum value of f such that the market for peaches does not collapse?
f. Explain why the increase in the buyers’ willingness to pay changes the threshold value of f, where the market for peaches collapse.
In: Economics
Most people associate the term diversity with the word cultural, but diversity is not just cultural. Many other characteristics such as values, beliefs, economic level, race, ethnicity, age, disabilities, sexual orientation, gender identity, lifestyle choices, marital status, education, political affiliation etc. are also involved. Diversity is not a simple matter, yet it is not difficult to deal with, if you are fair to people and keep an open mind. When you look closely at, and think about, diversity, it provides wonderful opportunities because people from varying groups bring with them special knowledge, experience and value. Even though people have differences, they have many traits in common.
a-What are the advantages and disadvantages of workplace diversity? Discuss at least three advantages and three disadvantages.
b-Can diversity help companies attract and retain employees? Discuss.
c-How does diversity help companies compete, achieve their goals, make profit and grow? Discuss.
d-What can employers do to minimize the differences and to make employees sensitive regarding the differences arising from diversity? Discuss.
In: Operations Management
30. An increase in household saving causes consumption to
A. rise and aggregate demand to increase.
B. rise and aggregate demand to decrease.
C. fall and aggregate demand to increase.
D. fall and aggregate demand to decrease.
35. Which of the following Fed actions would both decrease the money supply?
A. buy bonds and raise the reserve requirement
B. buy bonds and lower the reserve requirement
C. sell bonds and raise the reserve requirement
D. sell bonds and lower the reserve requirement
38. Sometimes during wars, government expenditures are larger than normal. To reduce the effects this spending creates on interest rates,
A. the Federal Reserve could increase the money supply by buying bonds.
B. the Federal Reserve could increase the money supply by selling bonds.
C. the Federal Reserve could decrease the money supply by buying bonds.
D. the Federal Reserve could decrease the money supply by selling bonds.
In: Economics
Discuss your position on the following concerning Section 936 of the Internal Revenue Code: The 936 companies were criticized for arguing that they only defended their tax benefits without supporting local development as a research and high-tech center.
In: Economics
2. Write a c++ program that takes from the user the number of courses and constructs 3 dynamic 1D arrays with size courses+1. Each array represents a student. Each cell in the array represents a student’s mark in a course. In the last cell of each 1D array you should calculate the average mark of that student. Then output the average mark of all students in each course. Delete any allocated memory. Example Number of courses : 4 50 60 70 20 100 90 80 70 80 90 100 30 Output: 50 60 70 20 50 100 90 80 70 85 80 90 100 30 75 Avg of course 1 = 76.66 Avg of course 2 = 80 Avg of course 3 = 83.33 Avg of course 4 = 40.
In: Computer Science
Draw a Punnett square for a monohybrid cross between A) two homozygous parents (one dominant and on recessive), and B) a heterozygous dominant parent and homozygous recessive parent
In: Biology
Differentiate between operating levrage and financial leverage.
In: Finance