Questions
Blooper Industries must replace its magnoosium purification system. Quick & Dirty Systems sells a relatively cheap...

Blooper Industries must replace its magnoosium purification system. Quick & Dirty Systems sells a relatively cheap purification system for $10 million. The system will last 5 years. Do-It-Right sells a sturdier but more expensive system for $16 million; it will last for 8 years. Both systems entail $1 million in operating costs; both will be depreciated straight-line to a final value of zero over their useful lives; neither will have any salvage value at the end of its life. The firm’s tax rate is 30%, and the discount rate is 15%. Either machine will be replaced at the end of its life.

a. What is the equivalent annual cost of investing in the cheap system? (Do not round intermediate calculations. Enter your answer as a positive value. Enter your answer in millions rounded to 2 decimal places.)

b. What is the equivalent annual cost of investing in the more expensive system? (Do not round intermediate calculations. Enter your answer as a positive value. Enter your answer in millions rounded to 2 decimal places.)

In: Finance

Locate and review the 12 CFR 170 - Appendix B. Given the current environment of data...

Locate and review the 12 CFR 170 - Appendix B. Given the current environment of data protection, draft three paragraphs of key controls you feel would help protect customer information.

In: Operations Management

Describe the options for resolving the ethical conflict including the interpersonal perceptions and other considerations that...

Describe the options for resolving the ethical conflict including the interpersonal perceptions and other considerations that influence the options. (Benchmarks: Relationships, Spirit and Self-Discovery C8.2: Evaluate changes in one's ability to be perceptive of others.)

In: Psychology

Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed...

Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed assets, accounts payable and accruals, as well as operating costs) are assumed to change with sales and will maintain their current percentage of sales rates into 2016. The dividend payout ratio will remain the same. Long-term debt and notes payable will remain constant into 2016 as will interest expense, as a result. The firm also does not plan to issue any additional common stock or conduct any share repurchases. The firm’s tax rate is 40%. Any additional funds needed will be sourced through a line-of-credit (LOC) and surpluses will be paid out through a special dividend.

2015
Sales $1,425.00
Operating Costs: $1,265.00
EBIT $160.00
Interest $35.00
Earnings Before Taxes $125.00
Taxes (40%) $50.00
Net Income $75.00
Dividends $37.50
Addition to Retained Earnings $37.50


BALANCE SHEET AS OF 12/31/2015:

ASSETS 2015
Cash $71.25
Accounts Receivable $142.50
Inventory $285.00
Current Assets $498.75
Net Fixed Assets (Net PPE) $356.25
Total Assets (TA) $855.00
LIABILITIES & SHAREHOLDER EQUITY 2015
Accounts Payable and Accruals $35.63
Notes Payable $40.00
Current Liabilities $75.63
Long Term Debt $310.00
Total Liabilities $385.63
Common Stock $300.00
Retained Earnings $169.38
Owners' Equity $469.38
Total Liabilities and Shareholder Equity $855.00

In the following questions, determine the percentage-of-sale forecast factors:

Accounts Payable & Accruals:
Operating Costs:
Cash:
Accounts Receivable:
Inventory:
Net Fixed Assets (NFA):
Dividend Payout Ratio (as percentage of Net Income):

WHAT IS ACCOUNTS PAYABLE AND ACCRUALS???

In: Finance

USING JAVA... We want to play a simple card game with 2 players option. The deck...

USING JAVA...
We want to play a simple card game with 2 players option. The deck of cards contains 52 cards with 13 cards each in the 4 suits: clubs, diamonds, hearts and spades. Each player begins with 26 cards and one of the players starts the game by putting their first card on the table. Players take turns by putting the top card from their hand, until the current card placed on the table matches the suit of the previous card on the table. If a match happens, the player whose card matched, gets all the cards currently on the table and adds them at the end of the cards currently in his or her hand. Game continues until one player gets all the 52 cards, or for 10 rounds.
Construct the game using the following guidelines:

!!JAVA COLLECTIONS IS NOT ALLOWED!!
1. Create a method to deal the deck of cards so that each player gets 26 random cards
2. Start the game by choosing either of the player randomly
3. Show the cards on the table and in the hand of each player at each step of the game
4. Continue the game for 10 rounds or until one player has all the cards, whichever happens first
5. Declare the winner (the player with all the cards, or with more cards after 10 rounds), or say its a tie! (when both players have equal number of cards after 10 rounds)

In: Computer Science

1.What are the criteria for classifying a confined space as a permit required confined space? Include...

1.What are the criteria for classifying a confined space as a permit required confined space? Include the citation for the OSHA standard where you found the answer to the question.

In: Civil Engineering

To improve the overall functionality and efficiency of your sub-ordering Java application, you are considering the...

To improve the overall functionality and efficiency of your sub-ordering Java application, you are considering the use of some of the Java predefined methods. Some of the predefined Java classes and methods you are evaluating include vectors, wrapper classes, conversion methods, and collections data structures to process lists. Within the Discussion Board area, write 5 paragraphs that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

Thoroughly describe how you would utilize each of the following 4 topic areas to enhance the implementation of your Java sub-ordering application:

Vector class and methods (in terms of queue and stack creation and manipulation)

Wrapper classes (primitive)

Conversion methods (various string conversions)

Collections data structures (to build link list, queue, stack, search, and sort)

In: Computer Science

How should IBM position itself to take advantage of current technology trends? Should it focus on...

How should IBM position itself to take advantage of current technology trends? Should it focus on a particular segment?

In: Operations Management

Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed...

Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed assets, accounts payable and accruals, as well as operating costs) are assumed to change with sales and will maintain their current percentage of sales rates into 2016. The dividend payout ratio will remain the same. Long-term debt and notes payable will remain constant into 2016 as will interest expense, as a result. The firm also does not plan to issue any additional common stock or conduct any share repurchases. The firm’s tax rate is 40%. Any additional funds needed will be sourced through a line-of-credit (LOC) and surpluses will be paid out through a special dividend.

2015
Sales $1,480.00
Operating Costs: $1,270.00
EBIT $210.00
Interest $35.00
Earnings Before Taxes $175.00
Taxes (40%) $70.00
Net Income $105.00
Dividends $52.50
Addition to Retained Earnings $52.50


BALANCE SHEET AS OF 12/31/2015:

ASSETS 2015
Cash $74.00
Accounts Receivable $148.00
Inventory $296.00
Current Assets $518.00
Net Fixed Assets (Net PPE) $370.00
Total Assets (TA) $888.00
LIABILITIES & SHAREHOLDER EQUITY 2015
Accounts Payable and Accruals $37.00
Notes Payable $40.00
Current Liabilities $77.00
Long Term Debt $310.00
Total Liabilities $387.00
Common Stock $300.00
Retained Earnings $201.00
Owners' Equity $501.00
Total Liabilities and Shareholder Equity $888.00

Using the percent-of-sales forecast approach, forecast the 2016 income statement and balance sheet. Be sure the balance sheet balances.

What are the Projected Regular Dividends for 2016?

In: Finance

Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed...

Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed assets, accounts payable and accruals, as well as operating costs) are assumed to change with sales and will maintain their current percentage of sales rates into 2016. The dividend payout ratio will remain the same. Long-term debt and notes payable will remain constant into 2016 as will interest expense, as a result. The firm also does not plan to issue any additional common stock or conduct any share repurchases. The firm’s tax rate is 40%. Any additional funds needed will be sourced through a line-of-credit (LOC) and surpluses will be paid out through a special dividend.

2015
Sales $1,425.00
Operating Costs: $1,265.00
EBIT $160.00
Interest $35.00
Earnings Before Taxes $125.00
Taxes (40%) $50.00
Net Income $75.00
Dividends $37.50
Addition to Retained Earnings $37.50


BALANCE SHEET AS OF 12/31/2015:

ASSETS 2015
Cash $71.25
Accounts Receivable $142.50
Inventory $285.00
Current Assets $498.75
Net Fixed Assets (Net PPE) $356.25
Total Assets (TA) $855.00
LIABILITIES & SHAREHOLDER EQUITY 2015
Accounts Payable and Accruals $35.63
Notes Payable $40.00
Current Liabilities $75.63
Long Term Debt $310.00
Total Liabilities $385.63
Common Stock $300.00
Retained Earnings $169.38
Owners' Equity $469.38
Total Liabilities and Shareholder Equity $855.00

Using the percent-of-sales forecast approach, forecast the 2016 income statement and balance sheet. Be sure the balance sheet balances.

What is the Projected LOC (if any)?

Enter 0 if none.

In: Finance

Shall we ration health care for older people? What does rationing mean (2 pts)? Provide three...

Shall we ration health care for older people? What does rationing mean (2 pts)? Provide three arguments for rationing (3 pts); three arguments against rationing

In: Psychology

a) differentiate quality from quality assurance. b) Suppliers should be chosen with the sole aim of...

a) differentiate quality from quality assurance.

b) Suppliers should be chosen with the sole aim of maximum value for the company. Courtesy and equitable dealings with sales representatives create goodwill and establish. State and explain six categories of electronic commerce business models that could be used.

c) If standards are to be maintained in the Industry it is essential that those associated with construction must be provided with knowledge and mental skills. Suitable education to this end is therefore necessary and is divided into two parts; Technical Education and Practical Education. Project management is one aspect of Technical Education. For that matter, discuss the relevance of project management and narrow down to four importance of it as a profession.

In: Civil Engineering

3. Draw and explain the working principle of successive approximatin DVM digital voltmeter approaches if used...

3. Draw and explain the working principle of successive approximatin DVM digital voltmeter approaches if used to measure dc voltages of 7.5 volts! Make a time diagram.

In: Electrical Engineering

“Wee shall be as a City upon a Hill,” 1630 - John Winthrop Summarize the reasoning...

“Wee shall be as a City upon a Hill,” 1630 - John Winthrop

Summarize the reasoning given by John Winthrop for why humankind is separated into economic and political classes.

According to Winthrop, despite class divisions (or perhaps because of them), how should humans treat each other?

What does Winthrop mean by suggesting that New England is like a “city on a hill”? What does he feel is the responsibility of all New Englanders?

John Winthrop, "A Model of Christian Charity" (1630)

God almighty in His most holy and wise providence hath so disposed of the condition of mankind, as in all times some must be rich, some poor, some high and eminent in power and dignity, others mean and in subjection.

Reason: First, to hold conformity with the rest of His works, being delighted to show forth the glory of His wisdom in the variety and difference of the creatures and the glory of His power, in ordering all these differences for the preservation and good of the whole.

Reason: Secondly, that He might have the more occasion to manifest the work of His spirit. First, upon the wicked in moderating and restraining them, so that the rich and mighty should not eat up the poor, nor the poor and despised rise up against their superiors and shake off their yoke. Secondly, in the regenerate in exercising His graces in them, as in the great ones, their love, mercy, gentleness, temperance, etc., in the poor and inferior sort, their faith, patience, obedience, etc.

Reason: Thirdly, that every man might have need of other, and from hence they might all be knit more nearly together in the bond of brotherly affection. From hence it appears plainly that no man is made more honorable than another, or more wealthy, etc., out of any particular and singular respect to himself, but for the glory of his creator and the common good of the creature, man.

Thus stands the cause between God and us. We are entered into covenant with Him for this work, we have taken out a commission, the Lord hath given us leave to draw our own articles we have professed to enterprise these actions upon these and these ends, we have hereupon besought Him of favor and blessing. Now if the Lord shall please to hear us, and bring us in peace to the place we desire, then hath He ratified this covenant and sealed our commission, [and] will expect a strict performance of the articles contained in it, but if we shall neglect the observations of these articles which are the ends we have propounded, and dissembling with our God, shall fall to embrace this present world and prosecute our carnal intentions seeking great things for ourselves and our posterity, the Lord will surely break out in wrath against us, be revenged of such a perjured people, and make us know the price of the breach of such a covenant.

Now the only way to avoid this shipwreck and to provide for our posterity is to follow the counsel of Micah, to do justly, to love mercy, to walk humbly with our God. For this end we must be knit together in this work as one man, we must entertain each other in brotherly affection, we must be willing to abridge ourselves of our superfluities for the supply of others' necessities, we must uphold a familiar commerce together in all meekness, gentleness, patience, and liberality, we must delight in each other, make others' conditions our own, rejoice together, mourn together, labor and suffer together, always having before our eyes our commission and community in the work, our community as members of the same body So shall we keep the unity of the spirit in the bond of peace. The Lord will be our God and delight in all our ways, so that we shall see much more of His wisdom, power, goodness, and truth than formerly we have been acquainted with. We shall find that the God of Israel is among us, when ten of us shall be able to resist a thousand of our enemies, when He shall make us a praise and glory, that men shall say of succeeding plantations, the Lord make it like that of New England. For we must consider that we shall be as a city upon a hill, the eyes of all people are upon us. So that if we shall deal falsely with our God in this work we have undertaken and so cause Him to withdraw His present help from us, we shall be made a story and byword throughout the world, we shall open the mouths of enemies to speak evil of the ways of God and all professors for God's sake, we shall shame the faces of many of God's worthy servants, and cause their prayers to be turned into curses upon us till we be consumed out of the good land whither we are going. And to shut up this discourse with that exhortation of Moses, that faithful servant of the Lord in His last farewell to Israel, Deut. 30., Beloved there is now set before us life and good, death and evil, in that we are commanded this day to love the Lord our God, and to love one another, to walk in His ways and to keep His commandments and His ordinance, and His laws, and the articles of our covenant with Him that we may live and be multiplied, and that the Lord our God my bless us in the land whither we go to possess it. But if our hearts shall turn away so that we will not obey, but shall be seduced and worship other Gods, our pleasures, our profits, and serve them, it is propounded unto us this day we shall surely perish out of the good land whither we pass over this vast sea to possess it. Therefore let us choose life, that we, and our seed, may live, and by obeying His voice, and cleaving to Him, for He is our life and our prosperity.

In: Psychology

Problem 6-06A a1-a2 You are provided with the following information for Vaughn Inc. Vaughn Inc. uses...

Problem 6-06A a1-a2

You are provided with the following information for Vaughn Inc. Vaughn Inc. uses the periodic method of accounting for its inventory transactions.
March 1 Beginning inventory 2,100 liters at a cost of 60¢ per liter.
March 3 Purchased 2,500 liters at a cost of 62¢ per liter.
March 5 Sold 2,300 liters for $1.05 per liter.
March 10 Purchased 4,000 liters at a cost of 69¢ per liter.
March 20 Purchased 2,400 liters at a cost of 77¢ per liter.
March 30 Sold 5,100 liters for $1.25 per liter.
Calculate the value of ending inventory that would be reported on the balance sheet, under each of the following cost flow assumptions. (Round answers to 2 decimal places, e.g. 125.50.)
(1) Specific identification method assuming:
(i) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,300 liters from the March 3 purchase; and
(ii) The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 450 liters from March 1; 550 liters from March 3; 2,900 liters from March 10; 1,200 liters from March 20.
(2) FIFO
(3) LIFO
Ending inventory
Specific identification $
FIFO $
LIFO $

LINK TO TEXT

Prepare partial income statements for 2020 through gross profit, under each of the following cost flow assumptions. (Round answers to 2 decimal places, e.g. 125.25.)
(1) Specific identification method assuming:
(i) The March 5 sale consisted of 1,000 liters from the March 1 beginning inventory and 1,300 liters from the March 3 purchase; and
(ii) The March 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 450 liters from March 1; 550 liters from March 3; 2,900 liters from March 10; 1,200 liters from March 20.
(2) FIFO
(3) LIFO
VAUGHN INC.
Income Statement (partial)

For the Year Ended December 31, 2020For the Month Ended December 31, 2020December 31, 2020

Specific Identification FIFO LIFO

PurchasesCost of goods available for saleBeginning inventoryGross profit / (Loss)Cost of goods soldEnding inventorySales revenue

$ $ $

Cost of goods available for saleCost of goods soldBeginning inventoryEnding inventoryPurchasesGross profit / (Loss)Sales revenue

Cost of goods available for saleCost of goods soldEnding inventoryGross profit / (Loss)Sales revenueBeginning inventoryPurchases

Cost of goods soldCost of goods available for saleSales revenueEnding inventoryGross profit / (Loss)Beginning inventoryPurchases

Sales revenueBeginning inventoryGross profit / (Loss)PurchasesCost of goods available for saleEnding inventoryCost of goods sold

Cost of goods available for saleEnding inventoryCost of goods soldGross profit / (Loss)Sales revenueBeginning inventoryPurchases

Beginning inventoryEnding inventoryPurchasesCost of goods available for saleCost of goods soldGross profit / (Loss)Sales revenue

$ $ $
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In: Accounting