After a protracted legal case, Joe won a settlement that will pay him $11,000 each year for the next ten years. If the market interest rates are currently 5%, exactly how much should the court invest today, assuming end of year payments, so there will be nothing left in the account after the final payment is made? Mary just d
Problem 1 Presented below are various receivable transactions entered into by Brewer Tool Company. Indicate whether the receivables are reported as accounts receivable, notes receivable, or other receivables on the balance sheet. a. Loaned a company officer $4,000 ______________ b. Accepted a $2,000 promissory note from a
The Greek Connection Balance Sheet As of December 31, 2004 (thousands of dollars) Assets Liabilities and Equity Cash $2,000 Account payable $1,500 Account receivable $3,950 Notes payable $1,000 Inventory $1,300 A
Crone Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with the volume of sales invoices. Management is considering updating its computer with a faster model that would eliminate all of the
Donkey Bikes could sell its bicycles to retailers either assembled or unassembled. The cost of an unassembled bike is as follows. Direct material $150 Direct Labor 70 Variable overhead (70% of direct labor) 49 Fixed overhead (30% of direct labor ) 21 Man
As I see it, our accountants may be needed to keep records for shareholders and Uncle Sam, but I don't want them sticking their noses in my day to day operations. I do the best I know how. No bean counter knows enough about my responsibilities to be of any use to me.
Table 2 (use for Problems 29-31) Thompson Manufacturing Supplies' projected sales for the first six months of 2004 are given below. Jan. $250,000 April $400,000 Feb. $300,000 May $450,000 March $400,000 June $400,000 40% of sales is collected in the month of the sale, 50% is c
Table 1 (use for Problems 24-27) Smith Company Balance Sheet Assets: Cash and marketable securities $300,000 Accounts receivable 2,215,000 Inventories 1,837,500
A Pareto analysis is performed in Excel to determine the percentage of total complaints represented by the most common categories. Pareto analysis is a statistical technique in decision making that is used for selection of a limited number of tasks that produce significant overall effect (Wikipedia).
Construct a Pareto analysis of the data and determine the percentage of total complaints represented by the two most common categories. Over a 6 mo period: Stock Condition: 170 Checkout Queue: 33 Product request: 105 Product Quality: 87 Price Marking: 45 Policy/Procedures: 40 Service Level: 55 General: 58
I need some help figuring out the attachment. I attached the work book and the word file. I am to do E2-2 and E2-3 and J1 is mentioned so I attached. I have 5 other problems I was able to work out on my own. Thanks Selected transactions for D. Reyes, Inc., an interior decorating firm, in its first month of business, are
A community college has 3,000 students and 90 instructors. The college plans that enrollment will be 3,500 next year. How many new instructors should be hired if the college wants to keep the same student to instructor ratio?
Lowe Ridge has budgeted its activity for Dec according to the following information. 1. Sales at $400,000, all for cash. 2. Budgeted depreciation for December is $10,000. 3. The cas balance at Dec 1 was $10,000. 4. Selling and administrative expenses are budgeted at $40,000 for Dec and are paid for in cash. 5. The planned
Nunally Mfg Co has furnished the following information which occurred during May: Accounts payable Balance at April 30=$29,000; Purchases on Accounts during May=$150,000; Cash payments for Materials Purchased in April=$82,000; Cash Payments for materials purchased in May =$76,000. The accounts payable account is used only for
Lewis Production is planning to sell 220 boxes of bricks and produce 200 boxes of bricks during May. Each box of bricks requires 20 pounds of brick mix and a half hour of direct labor. Brick mix costs $5.00 per 100 pounds and employees of the company are paid $12.00 per hour. Manufacturing overhead is applied at a rate of 120%
Streak Merchandising Company expects to purchase $ 60,000 of materials in July and $70,000 of materials in August. Three-quarters of all purchases are paid for in the month of purchase, and the other one-fourth is paid for in the month following the month of purchase. In addition, a 2% discount is received for payments made in
Trepid Manufacturing Company prepared a fixed budget of 40,000 direct labor hours, with estimated overhead costs of $200,000 for variable overhead and $60,000 for fixed overhead. Trepid then prepared a flexible budget at 38,000 labor hours. How much is total overhead costs at this level of activity?
Sudler Production is planning to sell 600 boxes of ceramic tile, with production estimated at 580 boxes during May. Each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor. Clay mix costs $0.50 per pound and employees of the company are paid $15.00 per hour. Manufacturing overhead is applied at a ra
Jason Company determined that the budgeted cost of producing a product is $1.20 per unit. On June 1, there were 11,000 units on hand. The sales department budgeted sales of $ 320,000 units in June. The company desires to have 8,000 units on hand on June 30. How much is the budgeted cost of goods manufactured for June?
10) Opportunity cost is best defined as A) the amount given up when choosing one activity over the next best alternative. B) the opportunity to earn a profit that is greater than the one currently being made. C) the amount that is given up when choosing an activity that is not as good as the next best alternative. D) the
PLEASE DO NOT COPY AND PASTE ANY SOURCES FROM ANY SOURCES!! PLEASE INCLUDE AN INTRODUCTION AND CONCLUSION. Part 1 DELIVERABLE LENGTH: 1-2 PAGES Dr. Stephanie White, the Chief Administrator of Uptown Clinic, a community mental health agency, is concerned about the dilemma of coping with reduced budgets next year and into th
1.In March 2005, General Electric (GE) had a book value of equity of $113 billion, 10.6 billion shares outstanding, and market price of $36 per share. GE also had cash of $13 billion, and total debt of $370 billion. What was GE's Enterprise value? (Points: 1) 0.97 3.27 3.38 $381.6 billi
Does Anyone remeber how Jonnson and Johnson handled the Extra-Strength Tylenol tampering case back in 1982? Seven people died after purchasing Tylenol capsules that had been tamered with. Someone had removed bottles of Tylenol from Chicago area stores, inject them with cyanide, and then replaced them. Before this happened, Tylen
Philly Corp's stock recently paid a dividend of $2 per share (Do = $2), and the stock is in equilibrium. The company has a constant growth rate of 5% and a beta of 1.5. The required rate of return on the market is 15%, and the risk free rate is 7%. Philly is thinking of making a chance that will increase its beta coefficient to
A manager is holding a portfolio: Stock Amount Invested Beta 1 300,000 .6 2 300,000 1.0 3 500,000 1.4 4 500,000 1.8 The risk free rate is 6% and the portfolio's required rate of return is 12.5%. The manager would like to
Mr. Robbins medical records indicated that a total of 20 labor hours were directly used in providing his care. The cost of the labor was $380. It was expected before the beginning of the year that a total of 90,000 direct labor hours would be consumed by the health care org. patients, at a cost of $1,350,000. The total overhe
Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E") Purchases..................... E250,000 Freight In.................. E8,000 Sales discounts............. 4,000 Purchase returns........ 7,000 Inventory Sales.......
Why would an auditor use non-statistical sampling as opposed to statistical sampling?
I have already done this assignment but want to check what I have with what you get to make sure that I am fully understanding this. Thank you so much for your help!! P3-2A (Which consists of the following) Neosho River Resort, Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance befo
The Florida Investment Fund buys 90 bonds of the Gator Corporation through a broker. The bonds pay 8 percent annual interest. The yield to maturity (market rate interest) is 10 percent. The bonds a 25-year maturity Using assumption semiannual interest payments: (a) Compute the price of a a bond. (b) Compute the total value of 90
It is clear that mathematical concepts are used in the financial aspect of a business. Consider this and other areas in which math may be used in a business. List a specific example or job which may use mathematical concepts.