Questions
Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow:   ...

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
Activity Cost Pool Activity Rate
Machine setups per setup
Special processing per MH
Hubs Sprockets
Direct materials
Direct labor
Overhead
Unit cost

In: Accounting

Turner, Roth, and Lowe are partners who share income and loss in a 2:3:5 ratio (in...

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

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...

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...

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 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...

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...

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...

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....

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....

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...

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...

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...

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.

Differentiate between operating levrage and financial leverage.

In: Finance