olacksam_888848_53811039_Num Meths - HW10
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Date
Nov 24, 2024
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TB MC Qu. 10-68 Thomas Enterprises...
Thomas Enterprises purchased 65,200 pounds (cost = $521,600) of direct material to be used in the manufacture of
the company's sole product. According to the production specifications, each completed unit requires five pounds of
direct material at a standard cost of $8.20 per pound. Direct materials consumed by the end of the period totaled
6,2700.00 pounds in the manufacture of 12,900 finished units.
An examination of Thomas' payroll records revealed that the company worked 24,000 labor hours (cost = $326,400)
during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of
$13.90 per hour. Use the information to compute the following varlances.
Thomas' direct-material price variance was:
Multiple Choice
O $12,540 F.
6.
Prt Scn
End F10
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On her 45th birthday, Lisa Martin takes out a 20-year endowment policy with a
£50,000 death benefit payable at the end of the year of death and a £30,000 survival
benefit. The premium is payable annually in arrears. Assume an effective annual
interest rate of 4% and the mortality given by table AMC00 ultimate values.
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(b) Calculate the expected present value of the death benefit.
(c) What is the annual premium for the endowment policy?
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1
2
3
4
5
7
8
9
10
11
12
13
14
15
Single Payment
Compound
Amount
Factor
To Find F
Given P
FIP
1.1200
1.2544
1.4049
1.5735
1.7623
1.9738
2.2107
2.4760
2.7731
3.1058
3.4785
3.8960
Discrete Compounding; /= 12%
4.3635
4.8871
5 4736
Present
Worth Factor
To Find P
Given F
PIF
0.8929
0.7972
0.7118
0.6355
0.5674
0.5066
0.4523
0.4039
0.3606
0.3220
0.2875
0.2567
0.2292
0.2046
0 1827
Uniform Series
Compound
Amount Present
Factor
To Find F
Given A
FIA
1.0000
2.1200
3.3744
4.7793
6.3528
8.1152
10.0890
12.2997
14.7757
17.5487
20.6546
24.1331
28.0291
32.3926
37 2797
Worth Factor
To Find P
Given A
ΡΙΑ
0.8929
1.6901
2.4018
3.0373
3.6048
4.1114
4.5638
4.9676
5.3282
5.6502
5.9377
6.1944
6.4235
6.6282
6.8109
Sinking
Fund
Factor
To Find A
Given F
AIF
1.0000
0.4717
0.2963
0.2092
0.1574
0.1232
0.0991
0.0813
0.0677
0.0570
0.0484
0.0414
0.0357
0.0309
0.0268
Capital
Recovery
Factor
To Find A
Given P
AIP
1.1200
0.5917
0.4163
0.3292
0.2774
0.2432
0.2191
0.2013
0.1877
0.1770
0.1684
0.1614
0.1557
0.1509
0 1468
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May 2024
บ
M
Tu
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Th
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8
29
30
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Su
June 2024
M Tu W
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F
Seth
6-3
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34 mod 194 v lifiv
T
T
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7479
139
.....
Saturday, May 11
Friday, May 24
Saturday, May 25
Sunday, May 26
Monday, May 27
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G1
INPUT
Month
Number
1
2
3
4
5
6
7
8
9
10
11
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14
15
16
17
18
19
20
21
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26
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28
29
30
31
B
X
WAC
Beginning
Balance
$ 150,000
✓ fx
8.600%
CPR%
PASS_THRU RATE
D
SMM%
WAM
Mortgage PMT
Expected
360
Interest$ paid
to Investors
G
ASS_THRU RAT
Scheduled
Principal PMT
H
8.000%
Estimated Principal
Pre-PMT
POOL$
Total Principal
paid to Investors
$
150,000
Total Cash Flow
to Investors
Pool
Fees
PSA
M
100
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D Question 7
What is the NPV of Project A?
$635.49
345.05
O-325.59
-225.59
325.59.
15
47
f6
a
17
+4
ــــر
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A barn that cost $46,000 to construct is placed in service midyear as a 20-year property. What is the MACRS depreciation for year 16?
Click the icon to view a table of MACRS rates.
The year 16 depreciation is $
(Round to the nearest cent as needed.)
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16
1:24 il k M
Brokeroge
O Brokerege
Purchase (+)
Sell (-)
= 250 XOSp = 7125
Purchae cort pthee = 2So+125 = 7 251.25
No d ha
75375
251.25 300 the
O Brokeroge
720 x042 -
Sallig Pice pn thoe =
720 - 288 = 717
No ot Ahey
420272
717.12
Published on Mar 20, 2020
1)Mr. Shah invested Rs. 75,375 to purchase equity
shares of a company at market price of Rs. 250
through a brokerage firm, charging 0.5% brokerage.
The face value of a share is Rs. 10. How many
shares did he purchase ?
2) Mr. Nene received Rs. 4,30,272 after selling
shares of a company at market price of Rs. 720,
through Sharekhan Ltd., with brokerage @ 0.4%. The
face value of the share is Rs. 10. Find the number of
shares he sold.
3)Aniket invested Rs. 61,357.5 in equity shares of
Rs. 100 each at a market price of Rs. 135 per share.
Later he sold these shares at a market price of
Rs. 160 per share. He paid 1% brokerage on each
transaction. Find his net gain and also the percent
gain.
Source : BUSINESS MATHEMATICS - MANAN
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Net income
Falkland, Inc., is considering the purchase of a patent that has a cost of $49,000 and an estimated revenue producing life of 4 years. Falkland has a cost of
capital of 10%. The patent is expected to generate the following amounts of annual income and cash flows:
5
5,504 X
Feedback
Year 1
$5,100
$6,500
Operating cash flows
17,300 18,400
(Click here to see present value and future value tables)
A. What is the NPV of the investment? Round your present value factor to three decimal places and final answer to the nearest dollar.
Check My Work
Year 2
B. What happens if the required rate of return increases?
If the required rate of return increases, the NPV will be lower
2
Year 3
GO A
Year 4
$6,300
$3,000
18,500 14,850
mer
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Discount the operating cash flows in accordance to the years they occur using the appropriate time value of money table. The total amount of all
cash…
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Rate % 10 15 20 25 303.0 $9.65067 $6.90582 $5.54598 $4.74211 $4.216043.5 9.88859 7.14883 5.79960 5.00624 4.490454.0 10.12451 7.39688 6.05980 5.27837 4.774154.5 10.36384 7.64993 6.32649 5.55832 5.066855.0 10.60655 7.90794 6.59956 5.84590 5.368225.5 10.85263 8.17083 6.87887 6.14087 5.677896.0 11.10205 8.43857 7.16431 6.44301 5.995516.5 11.35480 8.71107 7.45573 6.75207 6.320687.0 11.61085 8.98828 7.75299 7.06779 6.653027.5 11.87018 9.27012 8.05593 7.38991 6.992158.0 12.13276 9.55652 8.36440 7.71816 7.337658.5 12.39857 9.84740 8.67823 8.05227 7.689139.0 12.66758 10.14267 8.99726 8.39196 8.046239.5 12.93976 10.44225 9.32131 8.73697 8.4085410.0 13.21507 10.74605 9.65022 9.08701 8.7757210.5 13.49350 11.05399 9.98380 9.44182 9.1473911.0 13.77500 11.36597 10.32188 9.80113 9.52323…
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ABC
Н
L
M N
ST
AA
AB
10
6,900
6,900
11
80,000
80000
12
750
750
13
4,500
4,500
14
950
950
15
10
42,000
42,000
16
11
4,750
4,750
17
12
5,250
5.250
18
82,375
2,150 +
3,000 +
950 +
42,000
38,450
B0000-
1,500 +
22,025
8,500
+
19
20
21
Tatal
130,475
Tatal
130,475
22
23
24
25
E1-6 Selected transactions for Green Valley Lawn Care Company are listed below.
1. Made cash investment to start business.
26
27
2. Paid monthly rent.
3. Purchased equipment on account.
28
20
30
4. Billed customers for services performed.
5. Withdrew cash for awner's personal use.
6. Received cash from customers billed in (4).
7. Incurred advertising expense on account.
8. Purchased additional equipment for cash.
9. Received cash from customers when service was performed.
31
32
33
34
35
36
Instructions
37
List the numbers of the above transactions and describe the effect of each transaction on
38
assets, liabilities, and owner's equity. For example, the fi rst answer is: (1) Increase in assets
39
and increase in owner's…
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Bumgardner Incorporated has provided the following data concerning one of the products in its standard cost system.
Inputs
Direct materials
Standard Quantity or Hours
per Unit of Output
8.0 liters
Standard Price or Rate
$ 5.00 per liter
The company has reported the following actual results for the product for April:
Actual output
Raw materials purchased
7,400 units
65,400 liters
$ 5.70 per liter
59,210 liters
Actual price of raw materials
Raw materials used in production
The raw materials price variance for the month is closest to: (Round your intermediate calculations to 2 decimal places.)
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As a prospective owner of a club known as the Red Rose, you are interested in determining the volume of sales dollars necessary for the
coming year to reach the break-even point. You have decided to break down the sales for the club into four categories, the first category
being beer. Your estimate of the beer sales is that 36,000 drinks will be served. The selling price for each unit will average $1.50; the cost
is $1.25. The second major category is meals, which you expect to be 12,000 units with an average price of $10.00 and a cost
of $6.00. The third major category is desserts and wine, of which you also expect to sell 10,000 units, but with an average price
of $2.75 per unit sold and a cost of $0.75 per unit. The final category is lunches and inexpensive sandwiches, which you expect to
total 20,000 units at an average…
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2
Thread Company is preparing its manufacturing overhead budget for 2019. Relevant data consist of the following.
Units to be produced (by quarters): 10,000, 12,000, 14,000, 16,000.
Direct labor: Time is 1 hour per unit.
Variable overhead costs per direct labor hour: Indirect materials $0.80; indirect labor $1.20; and maintenance $0.50.
Fixed overhead costs per quarter: Supervisory salaries $42,000; depreciation $16,000; and maintenance $12,000.
Prepare the manufacturing overhead budget for the year, showing quarterly data. (List variable costs before fixed costs.)
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Question 11
The force of interest delta(t) is given by 1/(1+2t) for all non-negative values of t. Find a(3).
OA3
B. 2.64575
C. 3.5
D.2.23607
E7
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6 Assumption(s)
7 The following information has been gathered:
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8 1) The firm expects 2020 sales to total $
Marketable securities are expected to
11
12 5) Inventories represent
6) A new machine costing
2) remain unchanged
3) The desired minimum cash balance
4) Accounts receivable represents
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Total depreciation for the year will be
7) Accounts payable represent
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Accruals, other current liabilities, long-
term debt, and common stock are
16 8) expected to remain unchanged
9) The firm's net profit margin is
10) It expects to pay out cash dividends of
Ready Accessibility: Investigate
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20 The December 31, 2019, balance sheet follows:
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Mitchell's Industries wishes to prepare a pro forma…
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Ex 9 - 18 Oisposnlof Fixed Asert (A) (125,000 - 3,000) + 20 = 119,500 Y<2-19,500 y2 3-119,500 ¥25,000 - IC
-58,500-109 366, 500 BA Vale
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Round 1.1235 to the nearest tenth.
O 1.12
O 1.2
1.0
1.1
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Solve for the unknown interest rate in each of the following (Do not round intermediate
calculations. Enter your answers as a percent rounded to 2 decimal places, e.g.,
32.16.):
Present Value
Years
Interest Rate
Future Value
230
3
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$
269
350
17
972
38,000
18
163,663
37,261
20
300,405
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- Check TB MC Qu. 10-68 Thomas Enterprises... Thomas Enterprises purchased 65,200 pounds (cost = $521,600) of direct material to be used in the manufacture of the company's sole product. According to the production specifications, each completed unit requires five pounds of direct material at a standard cost of $8.20 per pound. Direct materials consumed by the end of the period totaled 6,2700.00 pounds in the manufacture of 12,900 finished units. An examination of Thomas' payroll records revealed that the company worked 24,000 labor hours (cost = $326,400) during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of $13.90 per hour. Use the information to compute the following varlances. Thomas' direct-material price variance was: Multiple Choice O $12,540 F. 6. Prt Scn End F10 FS Home PgUp F6 %23 $4 3 4 5 6 7 8. 9 E R T. D G H K B N Marrow_forwardOn her 45th birthday, Lisa Martin takes out a 20-year endowment policy with a £50,000 death benefit payable at the end of the year of death and a £30,000 survival benefit. The premium is payable annually in arrears. Assume an effective annual interest rate of 4% and the mortality given by table AMC00 ultimate values. (a) Calculate the expected present value of the survival benefit. (b) Calculate the expected present value of the death benefit. (c) What is the annual premium for the endowment policy?arrow_forward1 2 3 4 5 7 8 9 10 11 12 13 14 15 Single Payment Compound Amount Factor To Find F Given P FIP 1.1200 1.2544 1.4049 1.5735 1.7623 1.9738 2.2107 2.4760 2.7731 3.1058 3.4785 3.8960 Discrete Compounding; /= 12% 4.3635 4.8871 5 4736 Present Worth Factor To Find P Given F PIF 0.8929 0.7972 0.7118 0.6355 0.5674 0.5066 0.4523 0.4039 0.3606 0.3220 0.2875 0.2567 0.2292 0.2046 0 1827 Uniform Series Compound Amount Present Factor To Find F Given A FIA 1.0000 2.1200 3.3744 4.7793 6.3528 8.1152 10.0890 12.2997 14.7757 17.5487 20.6546 24.1331 28.0291 32.3926 37 2797 Worth Factor To Find P Given A ΡΙΑ 0.8929 1.6901 2.4018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5.6502 5.9377 6.1944 6.4235 6.6282 6.8109 Sinking Fund Factor To Find A Given F AIF 1.0000 0.4717 0.2963 0.2092 0.1574 0.1232 0.0991 0.0813 0.0677 0.0570 0.0484 0.0414 0.0357 0.0309 0.0268 Capital Recovery Factor To Find A Given P AIP 1.1200 0.5917 0.4163 0.3292 0.2774 0.2432 0.2191 0.2013 0.1877 0.1770 0.1684 0.1614 0.1557 0.1509 0 1468arrow_forward
- May 2024 บ M Tu W Th F 8 29 30 1 2 3 5 6 7 8 9 10 12 13 15 14 16 17 19 20 21 22 23 24 26 27 28 29 30 31 Su June 2024 M Tu W Th F Seth 6-3 1-2 2.3 Brendyn 9-6 34 mod 194 v lifiv T T F 7479 139 ..... Saturday, May 11 Friday, May 24 Saturday, May 25 Sunday, May 26 Monday, May 27arrow_forward2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 G1 INPUT Month Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 B X WAC Beginning Balance $ 150,000 ✓ fx 8.600% CPR% PASS_THRU RATE D SMM% WAM Mortgage PMT Expected 360 Interest$ paid to Investors G ASS_THRU RAT Scheduled Principal PMT H 8.000% Estimated Principal Pre-PMT POOL$ Total Principal paid to Investors $ 150,000 Total Cash Flow to Investors Pool Fees PSA M 100arrow_forwardD Question 7 What is the NPV of Project A? $635.49 345.05 O-325.59 -225.59 325.59. 15 47 f6 a 17 +4 ــــرarrow_forward
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- Rate % 10 15 20 25 303.0 $9.65067 $6.90582 $5.54598 $4.74211 $4.216043.5 9.88859 7.14883 5.79960 5.00624 4.490454.0 10.12451 7.39688 6.05980 5.27837 4.774154.5 10.36384 7.64993 6.32649 5.55832 5.066855.0 10.60655 7.90794 6.59956 5.84590 5.368225.5 10.85263 8.17083 6.87887 6.14087 5.677896.0 11.10205 8.43857 7.16431 6.44301 5.995516.5 11.35480 8.71107 7.45573 6.75207 6.320687.0 11.61085 8.98828 7.75299 7.06779 6.653027.5 11.87018 9.27012 8.05593 7.38991 6.992158.0 12.13276 9.55652 8.36440 7.71816 7.337658.5 12.39857 9.84740 8.67823 8.05227 7.689139.0 12.66758 10.14267 8.99726 8.39196 8.046239.5 12.93976 10.44225 9.32131 8.73697 8.4085410.0 13.21507 10.74605 9.65022 9.08701 8.7757210.5 13.49350 11.05399 9.98380 9.44182 9.1473911.0 13.77500 11.36597 10.32188 9.80113 9.52323…arrow_forwardABC Н L M N ST AA AB 10 6,900 6,900 11 80,000 80000 12 750 750 13 4,500 4,500 14 950 950 15 10 42,000 42,000 16 11 4,750 4,750 17 12 5,250 5.250 18 82,375 2,150 + 3,000 + 950 + 42,000 38,450 B0000- 1,500 + 22,025 8,500 + 19 20 21 Tatal 130,475 Tatal 130,475 22 23 24 25 E1-6 Selected transactions for Green Valley Lawn Care Company are listed below. 1. Made cash investment to start business. 26 27 2. Paid monthly rent. 3. Purchased equipment on account. 28 20 30 4. Billed customers for services performed. 5. Withdrew cash for awner's personal use. 6. Received cash from customers billed in (4). 7. Incurred advertising expense on account. 8. Purchased additional equipment for cash. 9. Received cash from customers when service was performed. 31 32 33 34 35 36 Instructions 37 List the numbers of the above transactions and describe the effect of each transaction on 38 assets, liabilities, and owner's equity. For example, the fi rst answer is: (1) Increase in assets 39 and increase in owner's…arrow_forwardBumgardner Incorporated has provided the following data concerning one of the products in its standard cost system. Inputs Direct materials Standard Quantity or Hours per Unit of Output 8.0 liters Standard Price or Rate $ 5.00 per liter The company has reported the following actual results for the product for April: Actual output Raw materials purchased 7,400 units 65,400 liters $ 5.70 per liter 59,210 liters Actual price of raw materials Raw materials used in production The raw materials price variance for the month is closest to: (Round your intermediate calculations to 2 decimal places.)arrow_forward
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