Questions
Thornton Medical Clinic has budgeted the following cash flows: January February March Cash receipts $ 116,000...

Thornton Medical Clinic has budgeted the following cash flows:

January February March
Cash receipts $ 116,000 $ 122,000 $ 142,000
Cash payments
For inventory purchases 98,000 80,000 93,000
For S&A expenses 39,000 40,000 35,000

Thornton Medical had a cash balance of $16,000 on January 1. The company desires to maintain a cash cushion of $9,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 2 percent per month. Repayments may be made in any amount available. Thornton pays its vendors on the last day of the month also. The company had a monthly $40,000 beginning balance in its line of credit liability account from this year’s quarterly results.

Required

Prepare a cash budget. (Round intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should be indicated with a minus sign. )

In: Accounting

Explain what would be some of the monetary and non-monetary motivation for an Indonesian employee?

Explain what would be some of the monetary and non-monetary motivation for an Indonesian employee?

In: Operations Management

Organization Structure and Design. Let's tie this into our current COVID-19 crisis and situation. What do...

Organization Structure and Design.

Let's tie this into our current COVID-19 crisis and situation. What do you think of the many actions (or inactions) being taken by our government (national, state, and local). What have you seen pertaining to actions and comments by managers across the country (businesses, organizations, etc.), both national and more local?  

In: Operations Management

Question 4 For a family day function at Wawasan Open University, the computer department is going...

Question 4

For a family day function at Wawasan Open University, the computer department is going to conduct quiz session to give prizes to the participants. They need the sample software to conduct this quiz session. The prototype software contains two sample questions.

First, display question 1. Give 30 seconds to answer the question, showing the countdown.

If answered correctly, move to question 2 else if time out or wrong answer, prompt other participants to try to answer with another 10 second before moving to next question. End the session.

language C

In: Computer Science

Question 2 (20 marks) Julia Tang has been a financial planner for ten years. She specializes...

Question 2

Julia Tang has been a financial planner for ten years. She specializes in insurance planning. Sam Jones, Julia’s client, has learned some knowledge about insurance from his friends, and he considers that he understands this industry reasonably well. During their meeting, Sam made the following statements. Help Julia to correct her client’s misunderstanding.

(a)

‘An insurance company is just a middleman. It collects premium

and pays claims to insurance policyholders. No more and no less.’

(b)

‘By law, I know that I need to buy auto insurance in Hong Kong. I suppose that I can lie about the conditions of my car and hence, I can pay a smaller premium.’

(c)

‘I don’t understand why people buy whole life insurance. Why not simply buy the same dollar amount of term life insurance and invest the difference in a premium myself? Whole life insurance is not useful.’

(d)

‘My health insurance has a two-month waiting period. It is just unfair. I don’t understand why the insurance company has a waiting period.’

In: Accounting

On January 1, 2016, Horton Inc. sells a machine for $23,200. The machine was originally purchased...

On January 1, 2016, Horton Inc. sells a machine for $23,200. The machine was originally purchased on January 1, 2014 for $40,200. The machine was estimated to have a useful life of 5 years and a residual value of $0. Horton uses straight-line depreciation. In recording this transaction:

a loss of $920 would be recorded.

a loss of $17,000 would be recorded.

a gain of $23,200 would be recorded.

a gain of $920 would be recorded.

Bobby Darling is the only employee of Atlantic Records, Inc. During the first week of January, Darling earned $3,000.00 and had federal and state income tax withholdings of $150.00 and $56.25, respectively. FICA taxes are 7.65 % on earnings up to $117,000. State and federal unemployment taxes for the period are $187.50 and $30.00, respectively.

What would be the amount of Darling’s payroll check for the first week of January?

$2,770.50

$3,000.00

$2,564.25

$2,346.75

On October 1, 2015, Attra Inc. borrows $200,000 on a three-year note that requires the company to pay 6% interest on March 31 and September 30. On December 31, 2015, the adjusting entry to accrue interest on the note should debit:

Interest Expense and credit Interest Payable for $3,000.

Interest Expense and credit Interest Payable for $6,000.

Interest Expense and credit Cash for $6,000.

Interest Payable and credit Interest Expense for $3,000.

Zorn Inc. makes a sale for $480. The company is required to collect sales taxes amounting to 5%. What is the amount that will be credited to the Sales Tax Payable account?

$24

$23

$240

$25

Your company sells $42,000 of one-year, 15% bonds for an issue price of $40,000. The journal entry to record this transaction will include a credit to Bonds Payable in the amount of:

rev: 06_25_2016_QC_CS-54689

$40,000.

$42,000.

$46,300.

$48,300.

In: Finance

Communications and Stakeholder Management (20 marks) 1. Develop a communications management plan with a suitable communications...

Communications and Stakeholder Management

1. Develop a communications management plan with a suitable communications matrix for the project.

2.Document the strategies that will be used to manage the identified stakeholders’ groups according to their power and interest in the project (see Power/Interest Grid /Matrix for Stakeholder Prioritization).

In: Operations Management

what constitutes ethical or unethical experiment in sociology? what safeguards should be in place to ensure...

what constitutes ethical or unethical experiment in sociology? what safeguards should be in place to ensure experiments are ethical?

In: Psychology

most bone growth is accompanied by

most bone growth is accompanied by

In: Biology

Strategy Memo In this simulation, you are assigned the role of Senior Vice President for Marketing...

Strategy Memo In this simulation, you are assigned the role of Senior Vice President for Marketing at Enhanced Analytics, Inc., a provider of marketing and consulting services, with headquarters in Austin, Texas. In this role, you report directly to the CEO of the company and are responsible for decision-making and marketing strategy. You oversee a department with 25 employees at the company. The CEO of the company has informed you at the weekly executive meeting that Premier Drinks of Sofia, Bulgaria - a key client of Enhanced Analytics, Inc. - has reported a drop-in sales, despite an expensive and carefully managed marketing campaign produced by your department. The management of Premier Drinks reports increased competition in the soft drink market in Bulgaria. Two companies - one from Poland and one from Germany - have recently established operations in the country. You were already aware of the trends in the local competitive environment from the periodic reports received from your campaign manager in Bulgaria. You have also studied the marketing efforts of some of your client's competitors and continue to believe that your campaign, particularly the promotional and pricing strategy adopted, is superior. The managers of Premier Drinks suspect that their local competitors have made payments to some of the local officials in exchange for an opportunity to sell their products in local government buildings and at sporting events, many of which have been off-limits to Premier Drinks. This lack of access has put a dent in the sales figures of Premier Drinks, and the company is now seeking guidance from Enhanced Analytics as to how to proceed. The executive team of Enhanced Analytics, led by the CEO, will be meeting to review options, next week. In your own words, prepare a report for the company's executives, containing the following sections (do not worry about being right or wrong; simply offer your perspective on the company’s situation and your recommendation):

1. Situation analysis - an overview of the client's business and the competitive landscape in the soft drink industry in Bulgaria (if you are unable to locate country-specific data, you may research the Eastern European market or the European Union, as a whole)

2. Problem Identification - in one or two paragraphs, clearly identify the problem faced by your client

3. Decision Options - an outline of 4 specific courses of action / decisions that your client can make to solve the problem. The purpose of this section is to get a clear overview of the options available to management. Because the company has limited resources, management will have to pick the best option

4. Decision - a clear recommendation, outlining which one of the 4 options is the best

5. Justification - a clear, concise justification of your decision from #4 Include outside research to support your ideas and recommendation. There is no page limit to this assignment. The assignment will be considered well-done if it contains all the required sections, if it is clearly written and your thoughts and ideas are supported by specific data and research.

In: Operations Management

Specifications Create an abstract Employee class that provides private attributes for the first name, last name,...

Specifications

  • Create an abstract Employee class that provides private attributes for the first name, last name, email address, and social security number. This class should provide functions that set and return the employee’s first name, last name, email address, and social security number. This class has a function: get_net_income which returns 0.
  • Create a Manager class that inherits the Employee class. This class should add private attributes for years of experience and the annual salary. This class should also provide necessary set and get functions. It should add a bonus ($1,000/year of experience) to the annual salary. The income tax rate should be 30%. This class should override the get_net_income function of the Employee class. Note that the gross income is calculated as follows:
    • bonus = years of experience * 1000
    • gross income = annual salary + bonus
    • tax rate = 30%
    • income tax = gross income * tax rate
    • net income = gross income - income tax
  • Create a Representative class that inherits the Employee class. This class should add private attributes for the weekly hours of work and the pay rate. This class should also provide necessary set and get functions. The income tax rate should be 20%. This class should override the get_net_income function of the Employee class. Note that the gross income is calculated as follows:
    • gross income = weekly hours of work * 52 * pay rate
    • tax rate = 20%
    • income tax = gross income * tax rate
    • net income = gross income - income tax
  • In the main function, the program should create Manager or Representative objects from the data entered by the user and save them in a list named employees. After the user has terminated data entries, your program should display the information of all employees on the output with this format: last name, first name, email, social security number, net income.

Sample Output (Your output should be similar to the text in the following box)

Welcome to my app

EMPLOYEE DATA ENTRY

Manager or Representative? (m/r): d

Invalid selection.

Continue? (y/n): y

Manager or Representative? (m/r): m

First Name: Frank
Last Name: Wilson
Email Address: [email protected]
SSN: 111-22-3333
Years of Experience: 3
Annual Salary: 95000

Continue? (y/n): y

Manager or Representative? (m/r): r

First Name: John
Last Name: Atkins
SSN: 222-33-4444
Email Address: [email protected]
Weekly Hours of Work: 40
Pay Rate: 20

Continue? (y/n): n

EMPLOYEE INFORMATION
Wilson, Frank, [email protected], 111-22-3333, $68600.00
Atkins, John, [email protected], 222-33-4444, $33280.00

Thank you for using my app

In: Computer Science

In thinking about modern movies, many of the main characters are on a quest for self-actualization...

In thinking about modern movies, many of the main characters are on a quest for self-actualization and risk his or her life to achieve a higher-order goal. Please choose a recent movie that you believe fits this criterion and explain the process the main character goes through to reach self-actualization.

In: Psychology

9. Explain the limitations of a statistical average and how they can be dealt with. 10....

9. Explain the limitations of a statistical average and how they can be dealt with.

10. How can you relate “expectancy” and “statistical error”? Provide an example.

11. How do you define a “good” decision? Explain your logic.

12, Explain similarities and distinctions between management and leadership.

In: Operations Management

Subject: Software, Architecture Design and Testing You are to determine the user requirements for a web...

Subject: Software, Architecture Design and Testing

You are to determine the user requirements for a web phone-mail product. The primary purpose of this product is to give phone-mail users (e.g., faculty and staff) the ability to access the functionality of the phone-mail system from a web page. In general, the product should enable users of the phone-mail system to do their usual phone-mail activities via a web page.

  1. Evaluate these requirements. Do your requirements satisfy the eight criteria: Understandable, Verifiable, Independent of implementation, Consistent, Complete, Unambiguous, Realistic, Necessary? Explain your answers. Weed out any requirements that you do not think are good user requirements.
  1. Prioritize the requirements as to whether they are (1) absolutely necessary, (2) desirable, or (3) optional.

In: Computer Science

1. One of the biggest news stories of the past few months is the outbreak of...

1. One of the biggest news stories of the past few months is the outbreak of COVID-19 (novel coronavirus), first in China and then throughout the world. Numerous pharmaceutical companies have begun to develop COVID-19 vaccines. If all goes well, it will be at least a year before a vaccine is developed, tested, and approved by the FDA. However, one company—Moderna Therapeutics—has beaten all of the other companies in the race so far and is the first to advance to Phase 1 clinical trials.

Suppose that Moderna is the first company to gain approval for a COVID-19 vaccine in the United States. The monthly demand for COVID-19 vaccines in the U.S. is Q = 16 – (P/6) where Q is measured in millions of vials and P is measured in dollars. Moderna’s total cost of producing Q vials of vaccine is 2Q2 and Moderna’s marginal cost is 4Q.

1.A As the only company allowed to sell COVID-19 vaccines in the U.S., what price would Moderna charge for its vaccine to maximize profit? How many vials of vaccine would Moderna sell each month? What are Moderna’s monthly profits from the sale of COVID-19 vaccine?

1.B How many vials of vaccine would be produced and what price per vial would be charged if this were a perfectly competitive market?

1.C (Vaccines, like the COVID-19 vaccine being developed by Moderna, provide benefits beyond the benefits received by those vaccinated. For instance, as more people are vaccinated, the odds of disease transmission to vulnerable groups who cannot be vaccinated (e.g., infants) are reduced. Suppose the marginal social benefit of the COVID-19 vaccine is 110 – 6Q, which is greater than the marginal private benefit. Given this, what role do you think the federal government should play in vaccine development, if any, beyond the determination of safety and effectiveness associated with vaccine approval?

In: Economics