Reference no: EM132855363
Questions -
Q1. Smart Products buys 300,000 units of a crucial input per year from a supplier that fulfils its orders within two days of receiving them. Smart Products submits its orders directly to the supplier through a web interface, so its lead time is its supplier's two-day turnaround time. Each order costs Smart Products about P500 to place, while carrying costs are about P60 per unit per year. The company seeks to maintain a five day usage level in a safety stock. (Assume a 365-day year.) What is Smart Products's carrying cost at the EOQ?
a. $49,320
b. $313,655
c. $42,420
d. $134,160
Q2. Presented below are selected data from the financial statements of Russell Corp. for 2011 and 2010
|
|
2011
|
2010
|
|
Net income
|
P100,000
|
P123,000
|
|
Cash dividends paid on preferred stock
|
12,000
|
15,000
|
|
Cash dividends paid on common stock
|
42,000
|
38,000
|
|
Weighted average number of common shares outstanding
|
105,000
|
95,000
|
How much earnings per share is reported on the 2011 income statement?
a. P .44
b. P .55
c. P .84
d. P .95
Q3. Lackland Ski Resort uses multiple regression to predict ski lift revenue for the next week based on the forecasted number of dates with temperatures above 10 degrees and predicted number of inches of snow. The following function has been developed:
Sales = 10,902 + (255 × no. of days predicted above 10 degrees) + (300 × no. of inches of snow predicted)
Other information generated from the analysis include Coefficient of determination (Adjusted r squared) .6789 Standard error 1,879 F-Statistic 6.279 with a significance of .049. Assume that Lackland's model predicts revenue for a week to be P13,400. Calculate the 95% confidence interval for the amount of revenue for the week. (The 95% confidence interval corresponds to the area representing 2.3436 deviations from the mean.) (Show solution)
a. P13,400 ± 6,279
b. P13,400 ± 4,404
c. P13,400 ± 6,786
d. P13,400 ± 8,564
|
How much was the firm taxable income
: Frederickson Office Supplies recently reported $12,000 of sales, How much was the firm's taxable income, or earnings before taxes (EBT)
|
|
Prepare the journal entries to record the declaration
: Savonn Bhd has outstanding 3,000,000 ordinary shares. Prepare the journal entries to record the declaration and payment of the cash dividend
|
|
What did george herbert mead mean by self
: What did George Herbert Mead mean by ‘self? Explain the steps of the development of the self. Do you think where you are in the development of the self now? Why
|
|
What is the feeling rule that candace clarke discovered
: What is the feeling rule that Candace Clarke discovered? What is the deep story that Arlie Hocschild discovered? Once you explain this
|
|
What is Smart Products carrying cost at the EOQ
: The company seeks to maintain a five day usage level in a safety stock. What is Smart Products carrying cost at the EOQ
|
|
How many possible towers are there
: You work at the U.S. Mint, and you have access to an unlimited supply of four types of coins - pennies, nickels, dimes, and quarters. You are bored
|
|
What are gendered messages conveyed in merchandise marketed
: What are the gendered messages conveyed in merchandise marketed to children and adults? Does anything in the area challenge traditional ideas
|
|
What would a type i error be
: Your company is sued for job discrimination. Based on the hiring of 20 employees, the plaintiff argues that only 20% of the newly hired candidates
|
|
What should the value of a be
: a. What should the value of A be? b. What should the value of B be? (round to 2 digits) c. What should the value of C be? (round to 2 digits)
|