How can organizations determine if they are structured in the most effective and efficient manner? What are some advantages and disadvantages of each: (a) team-based, (b) network-based, and (c) boundaryless organizations?
1. Find the median of the following set of numbers. 45, 21, 54, 22, 65, 61 Solution, explanation: 2. The following scores were recorded on a 100-point examination: 95, 75, 76, 86, 96, 71, 68, 81, 95, 76, 69, 82, 93, 88, 94 Find the mean and median final examination scores. Solution, explanation:
II. Create an income statement that finds the gross profit and net income for ABC Computers for the year ending August 31, 2007 if the company had net sales of $28,625; cost of goods sold of $13,247; and operating expenses of $2,752. III. Complete a vertical analysis of the income statement in part two. IV. In 2
Please see attached document. Sharifi Hospital basis its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient visits 8,500 Budgeted variable overhead costs: Supplies (@$4.70 per patient-visit) $39,950 Laundry (@$7.80 per patient-visit) 66,300 Total v
Question 1 Jordan Company produced 150,000 floor lamps during the past calendar year. Jordan had 2,500 floor lamps in finished goods inventory at the beginning of the year. At the end of the year, there were 11,500 floor lamps in finished goods inventory. The lamps sell for $50 each. Jordan's accounting records provide the fol
Pitkins Company collects 20% of a month's sales in the month of sale, 70% in the month following the sale, and 6% in the second month following sale. The remainder is uncollectible. Budgeted sales for the next four months are: January February March April Budgeted Sales $200,000 $300,000 $350,000 $250,000
II. You are asked to make a depreciation schedule for a business asset. A depreciation schedule shows the remaining value of the asset at the end of each time period. Create a depreciation schedule for each of the following 1. A copy machine that costs $1,800, shipping $50 and installed for $125 depreciated using the stra
1. The issuance price of a bond does not depend on the a. face value of the bond. b. riskiness of the bond. c. method used to amortize the bond discount or premium. d. effective interest rate. 2. Which of the following is true of a premium on bonds payable? a. It is a contra-stockholders' equity account. b. It
Consider the following contingency table: Under 20 21-30 31-40 Male 12 12 17 Female 13 16 21 a. If one person is selected at random, what is the probability that person is Female? ______ b. If one person is selected at random, what is the probability that person is ei
Swanson Inc. purchased $400,000 of Malone Corp. ten-year bonds with a stated interest rate of 8 percent payable quarterly. At the time the bonds were purchased, the market interest rate was 12 percent. Determine the amount of premium or discount on the purchase of the bonds.
Swanson Inc. purchased $400,000 of Malone Corp. ten-year bonds with a stated interest rate of 8 percent payable quarterly. At the time the bonds were purchased, the market interest rate was 12 percent. Determine the amount of premium or discount on the purchase of the bonds. a. $92,442 premium b. $92,442 discount c. $81,1
1. Passenger comfort is influenced by the amount of pressurization in the airline cabin. Higher pressurization permits a closer-to-normal environment and a more relaxed flight. A study by an airline user group recorded the corresponding air pressure on 30 randomly chosen flights. The study revealed a mean equivalent pressure of
The Nunnally Company has equal amounts of low-risk, and high-risk projects. Nunnally estimates that is overall WACC is 12%.
The Nunnally Company has equal amounts of low-risk, and high-risk projects. Nunnally estimates that is overall WACC is 12%. The CFO believes that this is the correct WACC for the company's average-risk projects, but that a lower rate should be used for lower risk projects and higher rate for higher risk projects. However, the
Tapley Inc. recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. (1) Tapley's bonds mature in 25 years, have a 7.5% annual coupon, a par value of $1,000, and a market price of $936.49. (2) The company's tax rate is 40%. (3) The risk-free rate is 6.0%, the market risk
Please see attached document. Solex Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $100,000 per year. The company allocates these costs to the joint products on the basis of their total sales value of the split-off point. These sa
Hobson Company bought the securities listed below during 2005. These securities were classified as trading securities. On its December 31, 2005, income statement Hobson reported a net unrealized loss of $13,000 on these securities.
Hobson Company bought the securities listed below during 2005. These securities were classified as trading securities. On its December 31, 2005, income statement Hobson reported a net unrealized loss of $13,000 on these securities. Pertinent data at the end of December 2006 are as follows: Security Cost Fair Va
Boulter, Inc. began business on January 1, 2006. At the end of December 2006, Boulter had the following investments in equity securities: Trading Available for Sale Cost 60,000 110,000 Market Value 54,000 107,500 All declines
Please see attached file. Mosbach Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Variable overhead cost per direct labor-hour $3.50 Total fixed overhead
Please see attached document. Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Labor-Hours Annual Per Unit Production Rims...... 0.40 20,000 units Posts...... 0.20 80,000 units Additional information about the company follows: a) R
Please see attached document for problem. The operations vice president of First Bank of Eagle, Kristin Wu, has been interested in investigating the efficiency of the bank's operations. She has been especially concerned about the costs of handling routine transactions at the bank and would like to compare these costs at the
The direct labor budget of Krispin Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours. 1st QTR 2nd QTR 3rd QTR 4th QTR Budgeted direct labor-hours: 5,000 4,800 5,200 5.400 The company's variable manufa
The Production Department of the Riverside Plant of Junnen Corporation has submitted the following forecast of units to be produced at the plant for each quarter of the upcoming fiscal year. The plant produces high-end outdoor barbecue grills. 1st QTR 2nd QTR 3rd QTR 4th QTR Units to be produced
Micro Products, Inc., has developed a very powerful electronic calculator. Each calculator requires three small "chips" that cost $2 each and are purchased from an overseas supplier. Micro Products has prepared a production budget for the calculator by quarters for Year 2 and for the first quarter of Year 3. as shown below:
Andrew can paint the neighbor's house 2 times as fast as Bailey. The year Andrew and Bailey worked together, it took them 7 days. How long would it take each to paint the house? the solution is It would take Andrew __ days. It would take Bailey __ days. simplify the answer
The staff for each unit, the additional firefighters to cover daily absents, the probability of overtime work and with 3 a unit organization, how many firefighters for each unit and the total number of full time firefighters for the department. This is a case problem from my Applied Decision Methods course taken from Chapter 10
The Phoenix Corporation has the following financial statistics: · expected EBIT next year without new financing $10 million · expected interest payment next year $ 1.0 million · company tax rate
An auditor who uses statistical sampling for attributes in testing internal controls should reduce the planned reliance on a prescribed control when the:
1. An auditor who uses statistical sampling for attributes in testing internal controls should reduce the planned reliance on a prescribed control when the: a. Tolerable rate plus the allowance for sampling risk equals the sample rate of deviation b - Sample rate of deviation plus the allowance for sampling risk equals t
Rollincoast Incorporated issued BBB bonds two years ago that provided a yield to maturity of 11.5%. Long-term risk-free government bonds were yielding 8.7% at that time. The current-risk premium on BBB bonds versus government bonds is half of what it was two years ago. If the risk-free long-term government bonds are currently
You wish to purchase a 20-year, $1,000 face balue bond that makes semiannual interest payments of $40. If you require a 10% nominal yield to maturity, what price should you be willing to pay for the bond?
Which of the following bonds have the greatest percentage increase in value if all interest rates decrease by 1%? 20-year, zero coupon bond, 10-year, zero coupon bond, 20-year, 10% coupon bond, 20-year, 5% coupon bond, or 1-year, 10% coupon bond.
Please see the attached file for the fully formatted problems. Problem #1- This is a production type EOQ problem, where the units produced each day go directly to inventory. Most production problems are treated as gradual delivery problems. Note that the carrying cost is 30% of the cost of making an individual DVD (.30 x 2.