dependent on the physical units of the good. 2.

because the absolute price or quantity demanded

of a product is irrelevant to the

Martha Kuerti has started up a new company called Calgary Camera Company (CCC for short)
in the Calgary region. CCC specializes in the sale of four types of cameras to customers in
"industrial" settings (means they usually buy several items at a time). The four categories of
cameras that CCC sells are: point and shoot

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In July, the following transactions occurred for Rodger's Fitness Training Studio of Sydney:
2017 July ...... 2 Rodger Baldwin invested $16,200 in the studio. ............ 3 Paid three months'
rent in advance, $1,650. ............ 4 Purchased supplies on account from Marlin Supplies,
$640. ........... 7 Purchased

You must determine the length of a long, thin wire that is suspended from the ceiling in the
atrium of a tall building. A 2.00-cm-long piece of the wire is left over from its installation. Using
an analytical balance, you determine that the mass of the spare piece is 14.5 μg. You then hang
a 0.400-kg mass from the low

You are faced with two investments. One is very risky, but the potential returns are high. The
other is safe, but the potential is quite limited. Pick one.

From the following facts, calculate what Adam Dell must pay Black Co. for the purchase of a
bedroom set. Sale terms are 2/10, n/30. a. Invoice price before tax, $3,000, dated April 5. b.
Returned one defective end table for credit of $200 on April 8. c. Paid bill on April 13?

From the following July 28, 2017, bank statement (p. 387), (a) Complete a bank reconciliation
for The Fresh Flower Shop of Halifax and (b) Journalize the appropriate entries as needed. a. A
deposit of $2,122 is in transit. b. The Fresh Flower Shop has an ending cheque-book balance of
$5,111. c. Cheques outstanding

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Fonics Corporation is considering the following three competing investment proposals: Using
the project profitability index, how would the above investments be ranked (highest to lowest)?
A. Aye, Bee, Cee B. Aye, Cee, Bee C. Cee, Bee, Aye D. Bee, Cee, Aye

1. Given the following information, calculate for Year 2 the number of days of working capital
financing the firm will need to obtain from other sources?
___________________________________________Year 1__________________Year 2
Accounts Receivable, net...................................$ 518 .........................
Matlock Company uses a perpetual inventory system. Its beginning inventory consists of 50 units
that cost $34 each. During June, (1) The company purchased 150 units at $34 each for credit, (2)
Returned 6 units, and (3) Sold 125 units at $50 each on credit. Journalize the June transactions.

Develop executive summary of your organization's (or one you know well) annual marketing
plan. Summary should and include a brief situation analysis, marketing objectives, strategies,
tactics, financial considerations, and a timetable for implementation.

Select an organization you work for or one in your chosen field. Semiconductor Industry
Conduct online research on the ethics of your organization and the industry it belongs to. Write a
paper describing how ethical principles can address organizational issues. Include the
organization you selected and discuss the fo

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The Leverton Company plans to issue preferred stock with a perpetual annual dividend of $7 per
share and a par value of $32. If the required return on this stock is currently 11%, what should be
the stock's market value?

Flynn Corporation is debating whether to purchase a new computerized production system. The
system will cost $450,000 and have an estimated 10-year life with a salvage value of $70,000.
The estimated operating results from the new production system are as follows: Incremental
revenue...................................

1) Based on the following information, calculate the risk of each asset class in relation to its
annual historic return. 2) Run the same calculations except this time take into account a 2%
inflation factor that will affect the real return on each asset class.

Compare and contrast work breakdown schedule (WBS) and Phase Diagram in terms of
appropriateness and effectiveness for the Vector Cal navigation system. Determine which
method best serves Vector Cal's needs. Provide a rationale for your response. Suggest two to
three (2-3) other methods that Vector Cal could use to obt

Bob's Discount Shoe Source is adding a new line of shoes to the company portfolio and has the
following information: the expected market return is 13%, the risk-free rate is 3%, and the
expected return on the new project is 11%. What is the beta of the project? A) 0.90 B) 0.60 C)
0.70 D) 0.80

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Richard traveled from New Orleans to New York for both business and vacation. He spent 4
days conducting business and some days vacationing. He incurred the following expenses:
Airfare.................................................$460 Lodging-per day.......................................175 Meals-
per day........
Prepare a flowchart which demonstrates how accrual accounting and cash flows are linked for a
merchandise sale. Analyze the impact on the financial statements of each. Provide the required
references, if applicable.

A company's gross profit rate is 30% of sales. Expected January sales are $78,000 and desired
January 31st inventory is $7,500. Assuming the December 31st inventory is $6,200 what amount
of purchases should this company budget for the month of January

Consider the formula used for any confidence interval and the elements included in that formula.
What happens to the confidence interval if you (a) Increase the confidence level, (b) Increase the
sample size, or (c) Increase the margin of error? Only consider one of these changes at a time.
Explain your answer wi

XYZ Company had a $4,000 credit balance in its allowance for bad debts at January 1, 2002.

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At December 31, 2002, XYZ Company prepared the following aging schedule: Based on the
above information, XYZ Company reported bad debt expense of $8,200 for 2002.

Calculate the amount of accounts receivable written off as uncoll

On July 7, 2017, Aster Co. issued debit memorandum No. 3 for $250 to Reel Co. for
merchandise returned from invoice No. 632, which originally included GST at 5%. Your task is
to journalize, record, and post this transaction as appropriate. Use the same account numbers as
found in the text for Art's Clothing Company. Th

The following computations of March labor variances for Sam's Supply Company are
incomplete. The missing items are labeled (a) through (d). Labor rate variance = 4,800 hours x
[(a) - $8.50] = $350 favorable Labor efficiency variance = (b) x [(c) - 5,000 hours] = $(d) On the
appropriately labeled line, identify eac

The company's common stock dividends are anticipated to grow at a constant 5.5% growth rate
per year going forward. The company just paid an annual dividend (that is, D-zero) of $3 per
share. What's the intrinsic value of the stock based on the following required rates of return? 6%
8% 10% 12%

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Allan Co. had the following balances on December 31, 2015: The accountant for Allan has asked
you to make an adjustment since $500 worth of janitorial services have just been performed for
customers who had paid in advance. Construct a transaction analysis chart?
Gonzales, Inc. has the following data: Accounts receivable, May.31.................$40,000
Forecasted sales in units May sales.............................................450 June
sales.............................................400 July sales.............................................500 August sales......

At January 1, 2004, Barry, Inc. has beginning inventory of 4,000 widgets. Barry estimates it will
sell 35,000 units during the first quarter of 2004 with a 10% increase in sales each quarter.
Barry's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each
widget costs $1 and is sold for

Sudbury Outdoor Wear sells a line of specialized clothing to customers in their local area. For
the calendar year 2016, the company sold $325,000 worth of clothing before taxes. HST in
Ontario is 13%. The company has elected to use the quick method of accounting for HST, and
the applicable rate for Ontario is 4.4%. How

Atlanta Cement, Inc. buys on terms of 2/15, net 30. It does not take discounts, and it typically
pays 115 days after the invoice date. Net purchases amount to $720,000 per year. What is the
nominal annual percentage cost of its non-free trade credit, based on a 365-day year?

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Nagel Equipment has a beta of 0.88 and an expected dividend growth rate of 4.00% per year.
The T-bond rate is 5.25%. The annual return on the stock market during the past 4 years was
10.25%. Investors expect the average annual future return on the market to be 15.00%. Using the
SML, what is the firm's required rate of

The following information pertains to the standard costs and actual activity for Tyler Company
for September: Standard cost per unit Direct materials 4 units of material A × $2.00 per unit 1
unit of material B × $3.00 per unit Direct labor 3 hours × $8.00 per hour Activity for
September Materials purchased Material

What is the coupon rate of a two-year, $10,000 bond with semiannual coupons and a price of
$9543.45, if it has a yield to maturity of 6.8%? A) 4.32% B) 5.60% C) 6.25% D) 8.44%

What are they pros and cons of eliminating the provision of Rule 203 of the AICPA's
professional ethics that permits non conformance with GAAP if, in the opinion of the CPA,
following GAAP would result in misleading financial statements?

Waco's Widgets plans to sell 22,000 widgets during May, 19,000 units in June, and 20,000
during July. Waco keeps 10% of the next month's sales as ending inventory. How many units
should Waco produce during June? a. 18,900 b. 19,100 c. 19,000 d. 21,000

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Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $80, unit
variable cost is $45, and the fixed costs per month are $5,000. The margin of safety is:
A software producer has fixed costs of $120,000 per month and her Total Variable Costs (TVC)
as a function of output Q are given below. Complete the table (TC, MC, TR, and MR), then
answer Parts A and B. (a.) If software can only be produced in the quantities above, what should
be the production level if the producer

Large Industries annual bonds are selling at 93 (i.e., the price is $930 for the $1,000 bond). There
are 9 years remaining until maturity on the bonds and the yield to maturity is 8.25%. Find the
coupon rate.

The income statement for the Over Under Company for the year ended December 31, 2007,
appears below. Sales...............................................670,000 Costs of goods
sold.............................390,000 Gross profit.......................................280,000
Expenses................................

a. Use the data given to calculate annual returns for Bartman, Reynolds, and the Market Index,
and then calculate average returns over the five-year period. (Remember, returns are calculated
by subtracting the beginning price from the ending price to get the capital gain or loss, adding the
dividend to the capital gain

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Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par
value of $1,000. The going interest rate (rd) is 6.20%, based on semiannual compounding. What
is the bond?

On December 31, 2016, $700 of salaries have been accrued. (Salaries before accrued amount
totalled $29,000.) The next payroll to be paid will be on February 3, 2017, for $7,500. Do the
following: a. Journalize and post the adjusting entry (use T accounts). b. Journalize and post the
reversing entry on January 1. c.

On December 31, 2016, $300 of salaries has been accrued. (Salaries before accrued amount
totalled $26,000.) The next payroll to be paid will be on February 3, 2017, for $6,000. Do the
following: a. Journalize and post the adjusting entry (use T accounts). b. Journalize and post the
reversing entry on January 1. c. J

The bookkeeper for Pinto Co. of Peterborough gathered the following data from employee
earnings records as well as daily time cards. Your task is (1) to complete a payroll register on
November 5 and (2) to journalize the appropriate entry to record the payroll. *Both of these
employees reached the EI maximum last per

From the following partial worksheet, journalize the closing entries of December 31 for A. Slow
Co.

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The cash account in the general ledger of XYZ Company shows a balance of $18,700 at June 30,
2004. The June 30 bank statement; however, shows a balance of $19,800. The only reconciling
items consist of: • NSF check from customer • Outstanding checks totaling $5,630 •
Error in recording check #970 written by

St. Joe's Inc. reported a $15,000 net loss for 2008. Below are the increases and decreases in
selected accounts for 2006: Accounts Receivable $10,000 increase Inventory 2,000 decrease
Prepaid Expense 5,000 decrease Accounts Payable 3,000 increase Interest Payable 2,000
decrease Accumulated Depreciation 8,000 incr

Given the following information, calculate the theoretical intrinsic value of the Call option using
the Black Scholes Model. IF the market price for the Call option = $11, should the investor buy?
S = 14 = Stock Price X = 16 = Exercise or Strike Price r = 0.05 = Risk Free Rate T = 0.25 =
Time to Maturity (as a frac

The market value of XYZ Corporation's common stock is 40 million and the market value of the
risk-free debt is 60 million. The beta of the company's common stock is 0.8, and the expected
market risk premium is 10%. If the Treasury bill rate is 6%, what is the firm's cost of capital?
(Assume no taxes.)

W Corporation was owned by shareholder C prior to a sale of all of his stock (basis at the
beginning of the year, $5,000) to D in June for $10,000. During the year, W Corporation
distributed $60,000 on May 1 and $40,000 on September 1. Indicate how the distributions would
be treated by individual shareholders C and D i

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From the worksheet in Exercise 13-3B, prepare the assets section of a classified balance sheet.
Refer in Exercise 13-3B, From the following partial worksheet, journalize the closing entries of
December 31 for A. Slow Co.

You buy a bond with a $1,000 par value today for a price of $865. The bond has 6 years to
maturity and makes annual coupon payments of $73 per year. You hold the bond to maturity, but
you do not reinvest any of your coupons. What was your effective EAR over the holding period?

Monroe, Inc., is evaluating a project. The company uses a 13.8 percent discount rate for this
project. Cost and cash flows are shown in the table. What is the NPV of the project? Year
_______________Project 0...................($11,368,000) 1.....................$ 2,172,590 2.....................$
3,787,552 3.....

From the following account information, prepare an income statement cost of goods sold section
in proper form: Freight-In, $400; Merchandise Inventory, 12/31/17, $9,500; Purchases
Discounts, $800; Merchandise Inventory, 12/1/17, $7,600; Purchases, $61,000; Purchases
Returns and Allowances, $1,300?
Cung Inc. has some material that originally cost $68,400. The material has a scrap value of
$30,100 as is, but if reworked at a cost of $1,400, it could be sold for $30,800. What would be
the incremental effect on the company's overall profit of reworking and selling the material
rather than selling it as is as scrap?

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Explain the differences between centralization and decentralization and between standardization
and mutual adjustment. What factors determine the ability to strike a balance between these
mechanisms?

XYZ has a debt of 27,500,000 and is expected to produce FCF of 11,750,000 next year,
Calculate the value of the share of XYZ if the company has 10 million shares outstanding, FCF
is expected to grow at 1.5% per year, the companies required return is 8.5%

The benefits and costs of an investment project (the purchase of a piece of machinery) are those
given in the following table. In Excel, calculate net revenue, or the revenue from the investment
minus the costs; the present value coefficient for every year; and the present value of the net
revenue. Add together column

Sally Supervisor was in a meeting with company executives to discuss the declining profits. She
learned that sales were up and costs were being met in terms of the budget. No one could
understand why there was a decrease in profits. Without having the actual financial figures, what
are the potential reasons for the dec

Allan Co. had the following balances on December 31, 2015: The accountant for Allan has asked
you to make an adjustment since $400 worth of janitorial services have just been performed for
customers who had paid in advance. Construct a transaction analysis chart?

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Briefly describe the types of bonds that can be issued to provide bondholder security.

In May 2013, National Biotech Corporation generally advertises that it will make a $4 million
offering of stock in June. National makes the offering as advertised and, ten days after the first
sale, notifies the Securities and Exchange Commission (SEC). All buyers of the stock are given
material information about the c

Which of the following is an example of a negative externality? •Christina accepting a

payment in cash rather than in check for her laundry services •Smith reducing the
consumption of imported wine following an increase in the price of imported wine •Phoebe
refusing to contribute to the building of a children'

You retire at age 60 and expect to live another 27 years. On the day you retire, you have
$464,900 in your retirement savings account. You are conservative and expect to earn 4.5% on
your money during your retirement. How much can you withdraw from your retirement savings
each month if you plan to die on the day you sp

A company has outstanding 20-year non-callable bonds with a face value of $1,000, an 11%
annual coupon, and a market price of $1,294.54. If the company was to issue new debt, what
would be a reasonable estimate of the interest rate on that debt? If the company's tax rate is 40%,
what is its after-tax cost of debt? Why

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Martin Industries, Inc., has experienced a higher than expected demand for its new product line.
The company plans to expand its operation by 25% by spending $5,000,000 for an additional
building. The firm would like to maintain its 40% debt to total asset ratio in its capital structure
and its dividend payout ratio o

An RC1 form must be submitted annually by all employers. True or false?

A bank is negotiating a loan. The loan can either be paid off as a lump sum of $100,000 at the
end of each of the next five years. If the interest rate on the loan is 10%, what annual payments
should be made so that both forms of payment are equivalent?

On January 1, 2011, Riney Co. owned 80% of the common stock of Garvin Co. On that date,
Garvin's stockholders' equity accounts had the following balances: Common stock (5 par
value)...........................$250,0000 Additional paid-in capital.................................110,000
Retained earnings...............

Your Competitive Intelligence team reports that a wave of product liability lawsuits is likely to
cause Digby to pull the product Dart entirely off the market this year. Assume Digby scraps all
capacity and inventory this round, completely writing off those assets and escrowing the
proceeds to a settlement fund, and as

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Define the short-run and long-run and provide an aviation example.

Data for December concerning corporation's two major business segments-Fibers and
Feedstocks-appear below: Sales Revenues, Fibers $870,000 Sales Revenues, Feedstocks
$820,000 Variable expenses, Fibers $426,000 Variable expenses, Feedstocks $344,000 Traceable
fixed expenses, fibers $148,000 Traceable fixed expense

Select one of the nine financial transactions of the medical practice of Bob Morin, P.C. Develop
a journal entry with date and explanation Aug 6 Morin invested $39,000 in the business, which
in turn issued its common stock to him. 9 The business paid cash for land costing $29,000. Morin
plans to build an office build
The bookkeeper for Pinto Co. of Peterborough gathered the following data from employee
earnings records as well as daily time cards. Your task is (a) To complete a payroll register on
November 5 and (b) To journalize the appropriate entry to record the weekly payroll.
Assumptions 1. Income tax (federal and provinci

A corporation produces output with a market price of $200 per unit. The marginal product of
capital is 1/(2K), where K is units of capital, with each unit assumed to cost $1. (So when we talk
about capital in this problem, units and $ value are equivalent.) The life span of the capital is 5
years, implying the straight

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Zeller Company requires its marketing managers to submit estimated cost-volume-profit data on
all requests for new products, or expansions of a product line. Jean Lamb is a new manager. Her
calculations show a fixed cost for a new project at $100,000 and a variable cost of $5. Since the
selling price is only $15 for th

The overhead allocation rate in Franz Company's job order cost accounting system applies
overhead based on direct labor costs. The manufacturing costs for the current year were: direct
materials, $108,000; direct labor, $144,000; and factory overhead, $18,000. At year end, the total
cost of goods in process is 36,000 w

The following data are available for a product manufactured and sold by Logan Company:
Maximum Capacity with present facilities: ...........40,000 units Total fixed cost per
pound..................................$468,000 Variable cost per unit.............................................$128
Sales price per unit..

Explain how top management impacts ethics within an organization?

Last year, Isaac earned 10.6 percent on her investments while U.S. Treasury bills yielded 3.8
percent and the inflation rate was 3.1 percent. What real rate of return did she earn on her
investments last year?

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Game land Village is segmented into two sales departments: software and video games. During
April, these two departments reported the following operating results:
_____________________________________Software _______________Video Games
Sales................................................$400,000.....................

Information regarding current operations of the Farrell Corporation is given below:

Sales...................................$950,000 Variable Costs........................$450,000 Fixed
Costs...........................$310,000 A proposed addition to Farrell's factory is estimated by the sales
manager to increase sa
Mama Italian Sauce is in the process of preparing a production cost budget for May. The actual
costs in April were: Mama Italian Sauce Production Cost Budget April 2008 Production - Jars of
sauce ............................20,000 Ingredient cost (variable) ..

Assume that 4 years from now you will need $1,000. Your bank compounds interest at an 8%
annual rate. a. How much must you deposit 1 year from now to have a balance of $1,000 4 years
from now? b. If you want to make equal payments at Years 1 through 4 to accumulate the
$1,000, how much each of the 4 payments be? c.

Identify some of the major risks that must be addressed by supply chain management and give
examples of how those supply chain risks can be mitigated.

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Using your current work organization (or an organization of interest) and a second organization
in the same industry as the subject matter, research the elements of business, compare and
contrast the two selected organizations, and prepare an APA formatted paper that: Analyzes the
basic legal, social, and economic env

Meg Lentz completes the payroll each month for the Monarch Machining Company in Moncton.
Just before the end of last month the owner, Jeff Harding, directed her to "cut at least 30%" from
the amounts owed to CRA, because the firm needed the money to purchase a new lathe for a
special contract it had just won. Jeff expl

On July 8, 2017, Aster Co. issued debit memorandum No. 1 for $400 to Reel Co. for
merchandise returned from invoice No. 312, which originally included GST at 5%. Your task is
to journalize, record, and post this transaction as appropriate. Use the same account numbers as
found in the text for Art's Clothing Company. Th

Tom Noel holds the following portfolio: Tom plans to sell Stock A and replace it with Stock E,
which has beta of 0.80. By how much will the portfolio beta change? Do not round your
intermediate calculation: a. -0.290 b. -0.240 c. -0.230 d. -0.271 e. -0.194

Wage rates in the United States are higher than similarly skilled workers in other countries such
as China, Mexico and India. Consequently, many U.S. businesses have outsourced their
manufacturing and production needs to take advantage of these lower wage rates. Discuss how,
working collaboratively, the federal gover

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Archware Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales
of $23.370 billion. Their net profit margin for the year was 0.16, while the operating profit
margin was 30 percent. What is Archware's net income?
Internet domain names are linked to trademark issues. Technology makes it easy to copy and
distribute music and movies without paying royalties. Business conducted on the internet raise
security and privacy issues. What legal concerns are raised by these issues?

Corn Doggy Inc. produces and sells corn dogs. The corn dogs are dipped by hand. Austin
Beagle, production manager, is considering purchasing a machine that will make the corn dogs.
Austin has shopped for machines and found that the machine he wants will cost $262,000. In
addition, Austin estimates that the new machine

Identify an organizational-level goal that would be incorporated into an annual business strategy
(e.g., financial performance, service, productivity, competitive advantage, innovation.). Develop
three organizational development strategies relating to HRM you would utilize as a manager to
support this goal. Create the

Why do some computer firms do good business selling payroll software to employers?

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The recently opened Grand Hyatt Wailea Resort and Spa on Maui cost $600 million, about
$800,000 per room, to build. Daily operating expenses average $135 a room if occupied and $80
a room if unoccupied (much of the labor cost of running a hotel is fixed). At an average room
rate of $500 a night, a marginal tax rate of

The following calendar year information about the Tahoma Corporation is available on
December 31: Advertising expense....................................................................$ 28,800
Depreciation of factory equipment.....................................................42,320 Depreciation of office
equipme

What are the consequences of under pricing a new offering vs. overpricing it? Which side of the
fence would you desire to err on? What criteria would you use to decide to go IPO as opposed to
using VC funding, taking on new loans, or issuing debt (bonds)? What criteria would you use
with your firm to determine which f

What are the reasons that a company making capital structure management decisions not use that
mechanism that had the lowest cost?

Research has shown that many consumers use the Internet to investigate purchases before
actually buying, which is often done in a physical storefront. What implication does this have for
online merchants? What can they do to entice more online buying, rather than pure research?

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You hold $2,000 as a customer deposit, but the customer wants to make sure he does not loose
on the opportunity cost of those dollars. You agree to pay the customer 10% interest during the
holding period. At the end of 3 years you need to return the deposit and the interest to the
customer. How much will you have to gi

Waco's Widgets plans to sell 22,000 widgets during May, 19,000 units in June, and 20,000
during July. Waco keeps 10% of the next month's sales as ending inventory. How many units
should Waco produce during June? a. 18,900 b. 19,100 c. 19,000 d. 21,000

Mountain Teas wants to raise $11.6 million to open a new production center. The company
estimates the issue costs including the legal and accounting fees will be $440,000. The
underwriters have set the stock price at $17.50 a share and the underwriting spread at 9 percent.
How many shares of stock does Mountain Teas ha

How does supply chain management contribute to the overall competitiveness of the
corporation? What factors have raised the strategic importance of the supply chain management
function?

1. How do governments attempt to control foreign businesses operating within their borders? 2.
When U.S. companies do business in other countries, what issues do they face? 3. Describe the
responsibilities and ethical concerns that you feel are important for U.S. companies to consider
when doing business in other c

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Describe the similarities between overtime and commission income?

Karens portfolio, which has a beta of 1.10 consists of three mutual funds: an international fund, a
utility fund and a technology fund. The international fund has a beta of 1.5 and makes up 20% of
the portfolio. The utility fund has a beta of 0.5 and the technology fund has a beta of 1.3. If the
portfolios beta equal 1

The lifetime of a certain brand of battery is known to have a standard deviation of 10.5 hours.
Suppose that a random sample of 120 such batteries has a mean lifetime of 40.9 hours. Based on
this sample, find the 95% confidence interval for the true mean lifetime of all batteries of this
brand.

The following graph shows the domestic supply of and demand for wheat in Kenya. The world
price (PW) of wheat is $245 per bushel and is represented by the horizontal black line.
Throughout the question, assume that the amount demanded by any one country does not affect
the world price of wheat and that there are no tra

What is metadata? Which component of a DBMS maintains metadata?

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The following statement sounds patently false. "The different cells in your body rarely have
genomes with the identical nucleotide sequence." Provide an argument for why it for why it
might be true.

Twenty years ago 40 children were born in the same hospital in Denmark. Researchers classified
the children by whether or not they were breast-fed for at least 3 months. They were interested in
whether breast-feeding tends to increase IQ levels. Recently the 40 young adults were given IQ
tests. The testers did not know

Consider a product that is "settled in." Its MTBF distribution has been found to be normal with a
mean of 10,000 hours and a standard deviation of 100 hours. What is the probability of a
breakdown before 8,000 hours? Before 9,000 hours? Would you prefer a policy of preventive
maintenance, or a policy of breakdown maint

Tucker Company's work in process account decreased by $1,000, while its Finished Goods
Inventory account increased by $500. Assuming total manufacturing costs were $5.000, what
was the company's cost of good sold amount?

The country clerk wants to estimate the proportion of retired voters who will need special
election facilities. The clerk wants to fin a 95% confidence interval for the population. She takes
a sample of 300 retired voters and finds that 75 will need special facilities. What are the upper
and lower bounds of the confide

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The units of an item available for sale during the year were as follows" Jan 1. Inventory 42 units
at $180 Apr. 10 purchase 58 units at $195 Sept 30 purchase 20 units at $204 Dec 12 purchase 30
units at $210 There are 37 units of the item in the physical inventory as December 31. The
periodic inventory system is used.

(10 pts) Water flows downward through a vertical 10-mm-diameter galvanized iron pipe with an
average velocity of 5.0 m/s and exits as a free jet. There is a small hole in the pipe 4 m above the
outlet. (a) Will water leak out of the pipe through this hole, or will air enter into the pipe through
the hole? (b) Repeat

The following data apply to Grullon-Ikenberry Inc. (GII): Value of operations...............................

$1,000 Short-term investments............................$ 100 Debt..................................................$ 300
Number of shares.....................................100 The company plans on distri

The Winter Wear Company has expected earnings before interest and taxes of $3,800, an
unlevered cost of capital of 15.4 percent and a tax rate of 35 percent. The company also has
$2,600 of debt with a coupon rate of 5.7 percent. The debt is selling at par value. What is the
value of this firm?
The debt to equity ratio of four companies is given below. Debt to equity ratio ​ Lewis, Inc.
1.30 ​ Jackson, Inc. 1.50 Jones Corp. 0.88 Roberts Corp. 0.92 Which of the following
companies has the greatest financial​ risk? A. Roberts Corp. B. ​Lewis, Inc. C. Jones Corp.
D. ​Jackson, Inc.

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Which of the following statements regarding Company A is incorrect? A. If Company A has

fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit,
its break-even volume in units is 24,000 units. B. If Company A has fixed costs of $720,000, a
selling price of $50 per unit, and

There are 15 professors in the School of Education. Twelve of them have received good
evaluations from students, while 3 received poor evaluations. You will take three courses in the
School of Education next semester. What is the probability that all of your professors next
semester have received good evaluations?

Azucar, Inc. has six processing departments for refining sugar-Affination, Carbonation,
Decolorization, Boiling, Recovery, and Packaging. Conversion costs are added evenly
throughout each process. Data from August for the Decolorization Department are as follows:
___________________________________________ Metric Tons

What is the fundamental question that sensitivity analysis answers?

American eels (Anguilla rostrata) are freshwater fish with long, slender bodies that we can treat
as uniform cylinders 1.0 m long and 10 cm in diameter. An eel compensates for its small jaw and
teeth by holding onto prey with its mouth and then rapidly spinning its body around its long axis
to tear off a piece of flesh

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For 2016, the Guess Trust retains all of its income items, which include only $100,000 of net
investment income and $40,000 of profits from an active business operation. Guess incurs an
additional tax on net investment income (NIIT) of: a. $5,320. b. $3,800. c. $3,329. d. $0.

One of the most common questions of prospective house buyers pertains to the average cost of
heating in dollars (Y). To provide its customers with information on that matter, a large real
estate firm used the following 4 variables to predict heating costs: the daily minimum outside
temperature in degrees of Fahrenheit

LDR Manufacturing produces a pesticide chemical and uses process costing. There are three
processing departments - Mixing, Refining, and Packaging. On January 1, 2012, the Refining
Department had 2,000 liters of partially processed product in production. During January, 32,000
liters were transferred in from the Mixing
Which of the following is NOT a magnetic dipole when viewed from far away? a) A permanent
bar magnet. b) Several circular loops of wire closely stacked together with the same current
running in each loop. c) A circular loop of wire with a current running through it. d) Two long
straight wires with opposite currents

The following table contains data on market advances and declines. a. Calculate cumulative
breadth. Cumulative Breadth ay (in millions) 1 2 3 4 5 6 7 8 9 10 b. Whether this technical signal
is bullish or bearish. Bullish Bearish

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The finance or accounting director has asked you to report on the funds and financial status of
your government entity (pretend he or she is your boss). Your boss will present the information
to various users, so current and future decisions can be determined about your government entity.
Using your CAFR, respond to t

The following information relates to the Blending Department of Kedakai Products Company for
the month of May. Kedakai uses a weighted-average process costing system. What are the
Blending Department's equivalent units related to materials for May? A) 260,000 B) 277,000 C)
290,000 D) 307,000

The following information was obtained from matched samples. The daily production rates for a
sample of workers before and after a training program are shown below. The point estimate for
the difference between the means of the two population is? The null hypotheses to be tested is
Ho: μd = 0. The test statistic is?

Toluene is to be nitrated to produce trinitrotoluene (TNT) C7H5(NO2)3 according to the reaction

C6H5CH3 (liq) + 3 HNO3 (liq) (s) + 3 H2O (liq) Calculate the heat of reaction at 25°C given
the 7 CO2 (g) + 4 H2O(following information: C6H5CH3 (liq) + 9 O2 (g) (3/2) (liq) ΔHr =
-934.5 kcal/mol C7H5(NO2)3 (s) + (21/4

Fill in the Blank. Using the t distribution tables (table F) given the critical t for the value for a
left tailed test with alpha= 0.025 and n=24?

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What is CRISPR-d-Cas-9? Please provide a thorough description that is at least 10-15 sentences
long?

Which of the following is a true statement about process cost systems? A. In process cost
systems, costs are accumulated but not assigned. B. In process cost systems, costs are
summarized on job cost sheets. C. Unit costs are not computed in process cost systems D. A
process cost system has one work in process acco
Three randomly selected households are surveyed the numbers of people in the households are 2,
6 and 7 assume that samples of size n = 2 are randomly selected with replacement from the
population of 2, 6 and 7 listed below are the nine different samples 2, 2 2,6 2,7 6,2 6,6 6,7 7,2 7,6
7,7 Find the variance of each o

USA Today ("Hybrid Car Sales Rose 81% Last Year," April 25, 2005) reported the top five
states for sales of hybrid cars in 2004 as California, Virginia, Washington, Florida, and
Maryland. Suppose that each car in a sample of 2004 hybrid car sales is classified by state where
the sale took place. Sales from states other

Choose one unanswered question about one of the jovian planets or its moons. Write a few
paragraphs discussing the question and the specific types of evidence we would need to answer
it?

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What are two of the most important social forces influencing our society at this point in history
and how do these forces affect the agents of socialization?

Two components operate in parallel in a device, so the device fails when and only when both
components fail. The lifetimes, X1 and X2, of the respective components are independent and
identically distributed with an exponential distribution with θ = 2. The cost of operating the
device is Z = 2Y1 + Y2, where Y1 = min (

Corporations are permitted to deduct $3,000 in net capital losses annually True False

The lower end of a long plastic straw is immersed below the surface of the water in a plastic cup.
An average person sucking on the upper end of the straw can pull water into the straw to a
vertical height 0111 m above the surface of the water in the cup. (a) What is the lowest gauge
pressure that the average person c

The firm is planning on receiving a regulatory permission to sell its product in different regulated
markets. The details are presented in Table 1. The marketing department conducted research and
summarized the cost and duration of processing the application, the odds of a positive outcome,
and the sales opportunities.

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Transatlantic air travel in business class has an estimated elasticity of demand of 0.40 less than
transatlantic air travel in economy class, with an estimated price elasticity of 0.62. Why do you
think this is the case?

The online reviews had familiar ring, and it was not pleasant. "Great book, too many error." "The
errors distracted from the story." Was I missing something? Like spell-check?" "Who published
this? A bunch of pre-scholars?" "I think you are missing a line on page 123, or else it belongs on
page 231." "it wuz very

Birated Products Exports, L.P., is a limited partnership, with $235,000 in declared but unpaid
profits. Birated Products's creditors include Garner Credit Inc. for $5,000 and Sarah, one of
Birated Products's limited partners, also for $5,000. When Bill, one of Birated Products's general
partners, decides to retire, the

Use the questionnaires "How much risk is right for you"? (Exhibit 2.4) to determine your risk
tolerance. Use this information to help write a policy statement for yourself. You've heard the
expression "no pain, no gain"? In the investment world, the comparable phrase would be "no
risk, no reward." How you feel about

a. What are the names of the three primary frequency ranges utilized for wireless
communications? b. Briefly distinguish between a circuit-switching and a packet switching
network. c. What is the difference between a network operating system and a network
management system?

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What advantages and disadvantages does human judgment have compared to linear models when
it comes to making quantitative predictions?

ToyWorks Ltd. is a company that manufactures and sells a single product, which they call a
Toodle. For planning and control purposes they utilize a monthly master budget, which is usually
developed at least six months in advance of the budget year. Their fiscal year end is December
31. During the summer of 2007, Chris

When Alison, a college math professor, leaves her job at a small rural college and starts looking
for a job at large urban university, she is?

To reduce production start-up costs, Bodden Truck Company may manufacture longer runs of
the same truck. Estimated savings from the increase in efficiency are $260,000 per year.
However, inventory turnover will decrease from eight times a year to six times a year. Cost of
goods sold is $48 million on an annual basis. I

The following information relates to Cruz Manufacturing for 2013: Raw materials
used........................$20,000 Direct labor wage.............................60,000 Sales salaries and
commissions............50,000 Depreciation on production equipment.....4,000 Rent on
manufacturing facilities...........30,000

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Siemen's Simple Structure There is perhaps no tougher task for an executive than to restructure a
European organization. Ask former Siemens CEO Klaus Kleinfeld. Siemens, with 77 billion
euros in revenue in 2008, some 427,000 employees, and branches in 190 countries, is one of the
largest electronics companies in the wo

What is the formula to solve for ending retained earnings? What are the dates and entries
involved in issuing common stock dividends?

The controller has asked you to distribute and record factory overhead to the various production
orders that are processed during a year. The following information was taken from the annual
budget: Direct labor hours...................................................84,000 Machine
hours..............................

What is the forecast for May, June,, and July based on a 3-month weighted moving average
applied to the following past demand data and using the weights: 5,4, and 3 (greatest weights is
to the most recent data point)? Use bottom of page to show computations for May through July
for credit. You are working with months,

Using a required rate of return equal to 12 percent, compute the modified internal rate of return
(MIRR) for a project that cots $82,000 and is expected to generate $35,000, $70,000, and -
$10,450, respectively, during the next three years. Should the project be purchased?

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What is the analogous for-profit statement called? What are the main sections of the statement of
operations?

What is the annual tax shield to a firm that has total assets of $80 million and a net worth of $55
million, if the average interest rate on debt is 8.5% and the marginal tax rate is 35%?

Use the appropriate table to determine the amount to withhold for federal income tax from each
of the following biweekly wages (biweekly withholding allowance = $151.90): 1. Patrick
Patrone (single, 2 allowances), $925 wages $ 2. Carson Leno (married, 4 allowances), $1,195
wages $ 3. Carli Lintz (single, 0 allowance

Which of the following is NOT a direct fixed cost of a profit center? a. Timekeeping for centers
employees. b. Depreciation on centers equipment. c. Profit center managers salary. d. General
office administrative costs allocated to the profit center.

(a) The most significant cost in family medicine practice is human resources. To treat twice as
many patients, a medical clinic will probably need twice as many doctors, nurses, and other staff
and other inputs in the long run. Does this business have economies of scale? Please explain. (b).
Consider the production fu

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This year, John, Meg, and Karen form Frost Corporation. John contributes land purchased as an
investment four years ago for $25,000 that has a $30,000 FMV in exchange for 30 shares of
Frost stock. Meg contributes machinery (Sec. 1251 property) purchased four years ago and used
in her business having a $50,000 adjusted

The Judson Corporation has acquired 100 lots on which it is about to build homes. Two styles of
homes are to be built, the "Cape Cod" and the "Ranch home". Judson wishes to build these 100
homes over the next nine months. During this time, Judson will have available 13,000 man-hours
of bricklayer labor and 12,000 hours

The rapid pace at which the world is changing is forcing strategic managers at all kinds of
companies to speed up their decision making; otherwise they get left behind by agile competitors
who respond faster to changing customer fads and fashions. Nowhere is this truer than in the
global toy industry, in which vicious

Two alternatives, code-named X and Y, are under consideration at Brahler Corporation. Costs
associated with the alternatives are listed below. What is the differential cost of Alternative Y
over Alternative X, including all of the relevant costs? a. $162,500 b. $181,000 c. $144,000 d.
$37,000

Jennifer just had her 4th birthday and her parents have decided to save money to pay for her
college education. They will invest $27,000 right now, and $10,000 each year on her future
birthdays for the next 13 years (i.e. $10,000 when she turns 5, 6, 7, ... 16, 17). They are bullish
on America and have a 70% Stock / 30

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The following data relate to the manufacture of a standard product during the month of March
2010: Raw materials: Opening stock................30,000 Purchases......................70,000 Closing
stock..................20,000 Wages........................1,20,000 Works on cost, 50% of wages; office on
cost, 20%

1) What is the purpose of calculating a test statistic? How does this value describe how the
sample data either supports or contradicts a claim? 2) How does one decide between using a one-
tailed or a two-tailed hypothesis test? Is there an advantage to using one over the other?

When preparing a statement of cash flows wider the indirect method, an increase in ending
accounts receivable over beginning accounts receivable will result in an adjustment to net
income in the operating activities section because A. cash was increased since accounts
receivable is a current asset B. the accounts r

Weisbro and Sons purchase their inventory one quarter prior to the quarter of sale. The purchase
price is 60 percent of the sales price. The accounts payable period is 60 days. The accounts
payable balance at the beginning of quarter one is $28,800. What is the amount of the expected
disbursements for quarter two given

The general ledger of Zips Storage solutions at December 22,2017 is provided. Zips Storage uses
a perpetual inventory system. The following are the balance of the transactions for the month of
December: December 22 Purchased inventory for $14,100 on account, terms 2/10, N/30.
December 24 Returned $600 of inventory p

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Two 74148s are connected in Figure P8-17 to form an active-LOW input, active-LOW output
hexadecimal (16-line-to-4-line) priority encoder. Show the logic levels on each line in Figure P8-
17 for encoding an input hexadecimal C (12) to an output binary 1100 (active-LOW 0011).
Figure P8-17

The General Metal Fabncators, Inc (GMF). facility in Erwin. Tennessee. was engaged in metal
stamping. plating, and painting The facility utilized hazardous chemicals and generated
hazardous waste. No RCRA permit had been sought for the GMF facility. The hazardous waste
disposal practices at GMF were discovered by chanc

The Empire Manufacturing is considering acquisition of a new press machine for their
manufacturing facility in Pennsylvania. They have two machines from which to select.
Alternative A has a cost of $120,000. The net cash flow benefit in terms of added efficiency
from Alternative A amount to $65,000 per year for 3 years

James Barnes claims to have injured his back as a result of falling out of a chair. James, who has
a PhD in physics, but can't find a job because of government budget cuts, had been hired to play
a doctor in a hastily produced video. The producer of the video wanted to hire a PhD, since they
can legitimately be called

The Electronics Division of Apex Company reports the following results for 2014: Revenues
$580,000 Operating expenses $520,000 Operating income $ 60,000 Operating assets $700,000
Apex Company has set a target return on investment (ROI) of 12% for the Electronics Division.
The Electronic Division's return on investment

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What are the costs of mandatory/universal insurance to society? Who benefits and who pays?

What was the rate in cm per year of plate motion in the hawaiian region from 4.7 to 1.6 million
years ago and the direction?

Two investment centers at Marshman Corporation have the following current-year income and
asset data: The return on investment (ROI) for Investment Center A is: a. 578.3% b. 24.1% c.
17.3% d. 39.2% e. 19.1%
What is the reason of the participation rate in Alberta increased to 75 in 2008 then it decreased to
73.8 in 2010?

Silicon Valley Company had cost of goods sold for the year of $1,600,000. Merchandise
inventory at the beginning of the year was $195,000 and merchandise inventory at the end of the
year was $205,000. The average number of days that the inventory was held during the year was
25.0 days 39.6 days 54.6 days None of th

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What would happen to the dark reactions and why if: P700 was defective, a poison bound and
inhibited the ATP synthase, the cytochrome complex was denfensive, no oxygen present, RuBP
carboxylase was inhibited, no CO2 is present, no sunlight is present?

Tuisa Company, (a merchandising Co.) has following data pertaining to the year ended
December 31, 2006: (CPA adapted) Purchases........................... $540,000 Beginning
inventory ................. 88,000 Ending inventory ................... 219,000 Freight-in .............................
59,000 Freight-out .

The Hoover Company acquired the Burgess Company for $1,200,000 cash. The fair value of
Burgess's assets was $1,040,000, and the company had liabilities of $60,000. Which of the
following choices would reflect the purchase on Hoover's financial statements? a. Burgess
assets.................................1,040,000 G

What is the internal rate of return (IRR) of a project that costs $20,070 if it is expected to
generate $8,500 per year for 3 years?

Translation: "Some dogs bark at all noises" into mathematical terms with symbolic quantifiers
and predicate variables: Semiformal translation: Its Negation:

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Which of the following questions should a marketing researcher ask when trying to establish the
reliability of secondary data sources in the international arena? a. How much does the data cost?
b. What language is used in the host country? c. Does the host country's government encourage
marketing research? d. How w

Tony, age 15, is claimed as a dependent by his grandmother. During 2014, Tony had interest
income from Boeing Corporation bonds of $1,000 and earnings from a part time job of $700.
Tony's taxable income is:

a. $1,700.

b. $1,700 - $700 - $1,000 = $0.

c. $1,700 - $1,050 = $650.

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d. $1,700 - $1,000 = $700.

e. None of the a

Which of the following is not an indicator that operating activities cash flows might be increased
through distortion or manipulation? A. A significantly large increase in accounts payable. B. A
significantly large decrease in accounts receivable. C. A significantly large increase in accrued
liabilities. D. Exp

When systematically formulating a linear program, the first step is a. Construct the objective
function b. Formulate the constraints c. Identify the decision variables d. Identify the parameter
values e. None of the above Use the following information to answer question 2 - 3, 2. What is
the correct function for

Chlorine has an average atomic mass of 35.45 amu. The two naturally occurring isotopes of
chlorine are chlorine-35 and chlorine-37. Why does this indicate that most chlorine atoms
contain 18 neutrons?

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The following data are taken from the financial statements, determine for the current year the (a)
Rate earned on total assets, (b) Rate earned on stockholders' equity, (c) Rate earned common
stockholders' equity, (d) Earnings per share on common stock, (e) Price-earnings ratio on
common stock, and yield on commo

Vargas Company uses the perpetual inventory method. Vargas purchased 400 units of inventory
that cost $15.00 each. At a later date the company purchased an additional 800 units of inventory
that cost $18.00 each. Vargas sold 500 units of inventory for $27.00. If Vargas uses a FIFO cost
flow method, the amount of cost o

What might account for the fact that estimates of effect time lags for fiscal policy often differ
considerably across different types of government expenditures?

The main groups without health insurance are: A. The working poor, service workers, and the
newly ill. B. The non-working poor, part-time workers, and the newly ill. C. The working poor,
part-time workers, and the chronically ill. D. The non-working poor, part-time workers, and the
chronically ill.

What does it mean to "fix" nitrogen, and what natural processes accomplish nitrogen fixation?

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The production budget for Greski company revealed the following production volume for the
months of July-September, each unit produced requires 2.5 hours of direct labor, the direct labor
rate is predicted to be 16 per hour in all months. prepare a direct labor budget for greski company
for July-September. July Augu

Using data in Table 4.2 and assuming t/2R=0.07, compute the average circumferential stress in
the ascending aorta, thoracic aorta, and femoral artery. Table 4.2: Values of the "pressure-strain",
Ep, and other arterial parameters in humans. Form more complete listings in Milnor [4] and
Nichols and O' Rourke [8], except

Cerulean, Inc., Coral, Inc., and Crimson, Inc., form the Three Cs Partnership on January 1 of the
current year. Cerulean is a 50% partner, and Crimson and Coral are 25% partners. For reporting
purposes, Crimson uses a fiscal year with an October 31 year-end, Coral uses the calendar year,
and Cerulean uses a fiscal year

Each of the following 10 independent projects has a 10 years life and no salvage value. The
projects have been proposed by the staff of the Ace Card Company. The MARR of Ace has been
12% for several years. (a) If there is ample money available, what projects should Ace approve?
(b) Rank orders all the acceptable projec

An existing two-lane highway between two cities, 10 miles apart, is to be converted to a four-
lane divided freeway. The average daily traffic (ADT) on the new freeway is forecast to average
20,000 vehicles per day over the next 20 years. Trucks represent 5% of the total traffic. Annual
maintenance on the existirig high

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What is the minimal speed of the server in an M/G/1 system in order that the expected time of a
busy period does not exceed the number T? (When the service speed becomes t, the service time
of the customers becomes S(t) = S/t , where S is a r.v that represents the service time
distribution)

Solve the problem, along with any sensitivity information that you feel to be relevant. Include
the excel file with your model, the word file with your memo, and any notes regarding solution
procedures that you want me to consider. The Good-Nut Company sells dry-roasted nut mixes.
The table below gives the price per b

Thompson amp; Thomson is an all-equity firm that has 280,000 shares of stock outstanding. The
company is in the process of borrowing $2.4 million at 5.5 percent interest to repurchase 75,000
shares of the outstanding stock. What is the value of this firm if you ignore taxes?
A debt of $5000 can be repaid, with interest at 8%, by the following payments. Year Payment 1
$ 500 2 1000 3 1500 4 2000 5 X The payment at the end of the fifth year is shown as X. How
much is X?

Why is it important for engineers and managers to understand accounting principles? Name a
few ways that they can do so?

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An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8%.
The bank agreed to reduce the interest on the loan if interest rates declined in the United States
before the loan was fully repaid. At the end of 3 years, at the time of the third payment, the bank
agreed to reduce the interest

A man is purchasing a small garden tractor. There will be no maintenance cost during the first 2
years because the tractor is sold with 2 years free maintenance. For the third year, the
maintenance is estimated at $20. In subsequent years the maintenance cost will increase by $20
per year (i.e., fourth-year maintenance

Mama L's Baby Monitor Company has current assets of $5 million and current liabilities of $2
million. Give the company's working capital and current ratio.

Six mutually exclusive investments have been identified for evaluation by means of the benefit-
cost ratio method. Assume a MARR of 10%, an equal project life of 25 years for all alternatives,
and the data in Table P16-25. (a) Use annual worth and the B/C ratio to identify the better
alternative. (b) If this were a set

The property (building and land) probably can be sold for $3 million at the end of 20 years.
Project B: An insurance company is seeking to borrow money for 90 days at 13 3/4%per annum,
compounded continuously. Project C: A financier owns a manufacturing company. The firm
desires additional working capital to allow it t

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Answer the following questions. (a) Use the conventional B/C ratio to evaluate the alternatives
and make a recommendation. (b) Use the modified B/C ratio to evaluate the alternatives and
make a recommendation. (c) Use a present worth analysis to evaluate the alternatives and make a
recommendation. (d) Use an internal r

The local highway department is preparing an economic analysis to see whether reconstruction
of the pavement on a mountain road is justified. The number of vehicles traveling on the road
increases each year, hence the benefits to the motoring public of the pavement reconstruction
also increase, based on a traffic count

For diagrams (a)-(d), compute the unknown values C, A, F, A, respectively.

Compute the value of P in the diagram.

Use a 10% interest rate to compute the value of X in the diagram.

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For diagrams (a)-(d), compute the unknown values W, X, Y, Z, respectively.

A city engineer knows that she will need $25 million in 3 years to' replace toll booths on a toll
road in the city. Traffic on the road is estimated to be 20 million vehicles per year. How much
per vehicle should the toll be to cover the cost of the toll booth replacement project? Interest is
10%. (Simplify your analys

A student wants to have $30,000 at graduation 4 years from now to buy a new car. His
grandfather gave him $10,000 as a high school graduation present. How much must the student
speech year if he deposits the $10,000 today and can earn 12% on both the $10,000 and his
earnings in a mutual fund his grandfather recommends?

From the following data, taken from the balance sheet of Petey's Widget Factory, determine the
working capital, current ratio, and acid-test ratio.

Machine run costs Cost to market the product Machine depreciation Cost of storage Material
handling costs Insurance costs Cost of materials Cost of product sales force Overtime expenses
engineering drawings Machine operator wages Machine labor Utility costs Cost of tooling and
fixtures Support (admi

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Compute the value of n for the diagram, assuming a 10% interest rate.

Use a 15% interest rate to compute the value of P in the diagram.

RLW-II Enterprises estimated that indirect manufacturing costs for the year would be $60
million and that 12,000 machine-hours would be used. (a) Compute the predetermined indirect
cost application rate using machine hours as the burden vehicle. (b) Determine the total cost of
production for a product with direct mater

Using linear interpolation, determine the value of (P / A, 61/2%,10) from the compound interest
tables. Compute this same value using the equation. Why do the values differ?

LeGaroutte Industries makes industrial pipe manufacturing equipment. Use direct-labor hours as
the burden vehicle, and compute the total cost per unit for each model given in the table. Total
manufacturing indirect costs are $15,892,000, and there are 100,000 units manufactured per year
for Model S, 50,000 for Model M,

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For J&W Graphics Supply, compute the current ratio. Is this a financially healthy company?
Explain. J&W Graphics Supply Balance Sheet Data (thousands) Assets Cash $1740 Inventories
900 Accounts receivable 2500 Bad debt provision 75 Liabilities Notes payable 500 Accrued
expenses 125 Accounts pa

A company expects to install smog control equipment on the exhaust of a gasoline engine. The
local smog control district has agreed to pay to the firm a lump sum of money to provide for the
first cost of the equipment and maintenance during its l0-year useful life. At the end of 10 years
the equipment, which initially

For diagrams (a)-(d), compute the unknown values: B, C, V, x, respectively, using the minimum
number of compound interest factors.

Mike Moore's microbrewery is considering production of a new ale called Mike's Honey Harvest
Brew. To produce this new offering he is considering two independent projects. Each of these
projects has two mutually exclusive alternatives and each alternative has a useful life of 10 years
and no salvage value. Mike's MARR

The city engineer has prepared two plans for the construction and maintenance of roads in the
city park. Both plans are designed to provide the anticipated road and road maintenance
requirements for the next 40 years. The minimum attractive rate of return used by the city is 7%.
Plan A is a three-stage development prog

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List the two primary general accounting statements. What is each used for and how do they
differ? Which cost important?

Develop a complete amortization table for a loan of $4500, to be paid back in 24 uniform
monthly installments, based on an interest rate of 6%. The amortization table must include the
following column headings: Payment Number, Principal Owed (beginning of period), Interest
Owed in Each Period, Total Owed (end of each p

Two different routes, which entail driving across a mountainous section, are being considered for
a highway construction project. The first route (the high road) will require building several
bridges and navigates around the highest mountain points, thus requiring more roadway the
second alternative (the low road) will

Calculate the equity of the Gravel Construction Company if it has $1 million worth of assets?
Gravel has $127,000 in current liabilities and $210,000in long term liabilities.

Develop short definitions for the following terms: balance sheet, income statement, and
fundamental accounting equation.

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For Evergreen Environmental Engineering (EEE), determine the working capital, current ratio,
and acidtest ratio. Evaluate the company's economic situation with respect to its ability to payoff
debt. EEE Balance Sheet Data (thousands) Cash $110,000 Securities 40,000 Accounts receivable
160,000 Retailers' i

What is the advantage of comparing financial statements across periods or against industry
benchmarks rather than in looking at statements associated with a single date or period?

Compute the value of J for the diagram, assuming a 10% interest rat

Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved
$1500. For the next 5 years, he expects his salary to increase at an 8% annual rate, and he plans
to increase his savings at the same 8% annual rate. He invests his money in the stock market.
Thus there will be six end-of-ye

At Miami Products, four project proposals (three with mutually exclusive alternatives) are being
considered. All the alternatives have a 10-year useful life and no salvage value. (a) Use rate of
return methods to determine which set of projects should be undertaken if the MARR is 10%. (b)
Use rate of return methods to

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What is the value of n, for this diagram, based on a 31/2%interestrate?

Using a 10% interest rate, compute B in the diagram.

A couple borrowed $80,000 at 7% to purchase a house. The loan is to be repaid in equal monthly
payments over a 30-year period. The first payment is paid exactly at the end of the first month.
Calculate the interest and principal in the second payment, if the second payment is made 33
days after the first payment.

Scar Mack’s Paint Company has annual sales of $500,000 per year. If there is a profit of
$1000 per day, 6 days per week operation, what is the total yearly business expense? All
calculations are on a before-tax bass.

A section of road in the state highway system needs repair at a cost of $150,000. At present, the
volume of traffic on the road is so low that few motorists would benefit from the work. However,
future traffic is expected to increase, with resulting increased motorist benefits. The repair work
will produce benefits for

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If a firm has a current ratio less than 2.0 and an acid-test ratio less than 1.0, will the company
eventually go bankrupt and out of business? Explain your answer.
Compute the value of C for the diagram, assuming a 10% interest rate.

Mary Lavor plans to save money at her bank for use in December. She will deposit $30 a month,
beginning on March 1and continuing through November 1. She will withdraw all the money on
December 1. If the bank pays 1/2% interest each month, how much money will she receive on
December 1?

Big City Carl, a local politician, is advancing a project for the construction of a new dock and
pier system at the river to attract new commerce to the city. A committee appointed by the mayor
(an opponent of Carl's) has developed the following estimates for the effects of the project. Cost
to wreck and remove current

A1. Sell the land for $500,000. •A2. Lease the property for a car-washing business. An annual
income, after all costs (property taxes, etc.) of $98,700 would be received at the end of each year
for 20 years. At the end of the 20 years, it is believed that the property could be sold for
$750,000. •A3. Construct an off

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The federal government proposes to construct a multipurpose water project to provide water for
irrigation and municipal use. In addition, flood control and recreation benefits will be realized.
The estimated benefits of the project computed for 10 year periods for the next 50 years are
given in Table P16-17. The annual

Explain the accounting function within a firm. What does this function do, and why is it
important? What types of data does it provide?

How many months will it take to payoff a $525 debt, with monthly payments of $15 at the end of
each month, if the interest rate is 18%, compounded monthly?

The Fishery and Wildlife Agency of Ireland is considering four mutually exclusive design
alternatives (Table P16-24) for a major salmon hatchery. This agency of the Irish government
uses the following B/C ratio for decision making: BIC ratio = EW(Net benefits)/ EW(Capital
recovery cost) + EW(O&M cost) Using an interest

It is estimated that the maintenance cost on a new car will be $40 the first year. Each subsequent
year, this cost is expected to increase by $10. How much would you need to set aside when you
bought a new car to pay all future maintenance costs if you planned to keep the vehicle for 7
years? Assume interest is 5% per

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Solve diagrams (a)-(c) for the unknowns R, S, and T, assuming a 10% interest rate.
The Raleigh Soap Company has been offered a 5-year contract to manufacture and package a
leading brand of soap for Taker Bros. It is understood that the contract will not be extended past
the 5 years because Taker Bros. plans to build its own plant nearby. The contract calls for 10,000
metric tons (one metric ton equal

A man borrowed $500 from a bank on October 15th. He must repay the loan in 16 equal monthly
payments, due on the 15th of each month, beginning November 15th. If interest is computed at
1% per month, how much must he pay each month?

A realtor sold a house on August 31, 1997, for $150,000 to a buyer in which a 20% down
payment was made. The buyer took a 15-year mortgage on the property with an effective interest
rate of 8% per annum. The buyer intends to payoff the mortgage owed in yearly payments
starting on August 31, 1998. (a) How much of the m

To provide for a college education for his daughter, a man opened an escrow account in which
equal deposits were made. The first deposit was made on January 1, 1981, and the last deposit
was made on January 1, 1998. The yearly college expenses including tuition were estimated to
be $8000, for each of the 4 years. Assum

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Turbo Start (Problem 18-17) has current assets totaling $1.5 million (this includes $500,000 in
current inventory) and current liabilities totaling $50,000. Find the current ratio and acid-test
ratio. Are the ratios at desirable levels? Explain.

For Andrew's Electronic Instruments, calculate the interest coverage and net profit ratio. Is
Andrew's business healthy? Income Statement for Andrew's Electronics for End of Year2004
(thousands) Revenues Operating revenues Sales $395 (Minus) Returns -15 Total operating
revenues 380 Non-operating revenues Int

For Magdalen Industries, compute the net income before taxes and net profit (or loss). Taxes for
the year were $1 million. Calculate the interest coverage and net profit ratio. Is the interest
coverage acceptable? Explain why or why not.

Jim Duggan made an investment of $10,000 in a savings account 10 years ago. This account paid
interest of 51/2% for the first 4 years and 61/2% interest for the remaining 6 years. The interest
charges were compounded quarterly. How much is this investment worth now?

A man wants to help provide a college education for his young daughter. He can afford to invest
$600/yr for the next 4 years, beginning on the girl's fourth birthday. He wishes to give his
daughter $4000 on her 18th, 19th, 20th, and 2Pt birthdays, for a total of $16,000. Assuming 5%
interest, what uniform annual invest

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Compute E for the diagram.

Categorize each of the following costs as direct or indirect. Assume that a traditional costing
system is in place.

If $200 is deposited in a savings account at the beginning of each of 15 years, and the account
draws interest at 7% per year, how much will be in the account at the end of 15 years?

The state is considering eliminating a railroad grade crossing by building an overpass. The new
Structure, together with the needed land, would cost $1.8 million. The analysis period is assumed
to be 30 years based on the projection that either the railroad or the highway above it will be
relocated by then. Salvage val

The following cash flow transactions are said to be equivalent in terms of economic desirability
at an interest rate of 12% compounded annually. Determine the unknown value A.

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Explain the difference between short-term and long term liabilities.

AI Dale is planning his Christmas shopping for seven people. To quantify how much his various
relatives would enjoy receiving items from a list of prospective gifts AI has assigned
appropriateness units (called "ohs") for each gift if given to each of the seven people. A rating of
5 ohs represents a gift that the recip

For how many months, at an interest rate of 1% per month, does money have to be invested
before it will double in value?

Compute the value of D in the diagram.

Par Golf Equipment Company produces two types of golf bag: the standard and deluxe models.
The total indirect cost to be allocated to the two bags is $35,000. Determine the net revenue that
Par Golf can expect from the sale of each bag. (a) Use direct-labor cost to allocate indirect costs.
(b) Use direct-materials cost

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A 50-meter tunnel must be constructed as part of a new aqueduct system for a city. Two
alternatives are being considered. One is to build a full-capacity tunnel now for $500,000. The
other alternative is to build a half-capacity tunnel now for $300,000 a na then to build a second
parallel half-capacity tunnel 20 years

If i = 12%, computeG in the diagram.

For Gee-Whiz Devices calculate the following: working capital, current ratio, and acid-test
ratio.Gee-Whiz Devices Balance Sheet Data Cash $100,000 Market securities 45,000 Net