Cumberland Enterprises manufactures goods in two processes: Assembly and Finishing. The Empire unit, which sells for $160, includes direct materials costing $30, and has a demand of 600 per week, requires 3 hours of assembly time and 1 hour of finishing time. The Monarch unit, which sells for $250, includes direct materials costing $100, and has a demand of 400 per week, requires 3 hours of assembly time and 2 hours of finishing time. Currently, Assembly has 2,100 hours available per week, and Finishing has 800 hours available per week. Cumberland has been manufacturing 300 units of Empire and 250 units of Monarch each week. Cumberland could expand Finishing by 200 hours, which would cost an additional $3,000 per week. Determine whether Cumberland is using its production capacity….
Daily Archives: November 9, 2020
Minerva Manufacturing produces three products, Platinum, Silver and Gold, each of which must be processed in Department A, Department B, and Department C. Customers demand ten units of Platinum, eleven units of Silver, and nine units of Gold per day. Each of the three departments employs five workers, who each work eight hours per day. The only constraint in each department is labor time. Each unit of Platinum requires two hours of processing in Department A, two hours and 42 minutes of processing in Department B, and 24 minutes of processing in Department C. Each unit of Silver requires an hour of processing in both Department A and Department B, and three hours of processing in Department C. Each unit of Gold requires two hours of processing in….
Scream Clean Company provided the following very limited set of data. Use this information to determine net income for the years ending December 31, 20X6, 20X7, 20X8, and 20X9. The company was formed at the beginning of January, 20X6 by issuing $350,000 of capital stock. No additional shares were issued during the 4-year period. The company’s 20X9 dividends were equal to 50% of the 20X9 net income. Revenues, 20X7 $315.000 Dividends, 20X8 52.500 Total equity, December 31, 20X8 735.000 Total liabilities, December 31, 20X8 770.000 Retained earnings, December 31, 20X6 143.500 Expenses, 20X7 154.000 Retained earnings, December 31, 20X7 280.000 Dividends, 20X6 35.000 Total assets, December 31, 20X9 1.750.000 Increase in liabilities, 20X9 175.000 Worksheet 4 • 20X6 • 20X7 • 20X8 • 20X9
Glasgow Corporation provided the following listing of financial statement elements and their respective balances. The periodic amounts relate to the year ending December 31, 20X9, and the point-in-time amounts reflect balances as of December 31, 20X9, unless otherwise implied. Unfortunately, the company has been unable to locate its listing of assets, but all other information is complete, albeit in disarray. Capital stock $375,000 Wage expense 60,000 Revenue 120,000 Rent expense 33,000 Beginning retained earnings 133,500 Utilities expense 16,500 Accounts payable 18,750 Dividends 3,750 Notes payable 75,000 a) Determine Glasgow’s net income for the year ending December 31, 20X9. b) How much are Total assets of the company, as of December 31, 20X9? c) If you were told that assets included an accounts receivable of $7,500 for services provided….
What have you observed about the differences in gross and fine motor development among young children, as outlined in How do you think culture and social class affect gross and fine motor development during this period? What types of social policies might help to narrow the social class disparities in language development? What do you see as the benefits and drawbacks to being multilingual during early childhood? What special challenges might caregivers face in their attempts to assist Terri Smith, Jack Lewis, and Ron and Rosiland Johnson with moral development?
What are the implications of recent research findings about the adolescent brain for social policy? This research is leading to a number of policy discussions about several issues, including the timing of the school day; regulations for adolescent driving, including the legal age of driving, whether evening driving should be allowed, whether other adolescents can be present in the car of an adolescent driver, and so on; the drinking age; and the age when a juvenile can be tried as an adult in a court of law. What opinions do you hold about these issues? How are those opinions shaped by recent brain research?
What types of psychological reactions to their changing bodies do you see in the stories of David Costa, Carl Fleischer, and Monica Golden? What do you recall about your own psychological reactions to your changing body during puberty? What factors do you think influenced your reactions? With which groups did you identify during adolescence? What were your multiple social identities, and how did they intersect? Which identities/intersectionalities were most important to you during adolescence? Which identities/intersectionalities are important to you now?
Erik Erikson suggested that adolescence is the primary life stage for identity development, but recent theory and research suggest that identity is open and flexible and continues to develop across adulthood. What do you think about this recent suggestion that identity development is an ongoing process? What types of experiences in young adulthood might affect identity development? Do you think your identity has changed since late adolescence? If so, which aspects of your identity have changed? What role do you think new technologies, particularly smartphones and the Internet, have on young-adult identity development?
What do you think is the balance of gains and losses in Mark Raslin’s early phase of middle adulthood compared with his experience with young adulthood? What are the gains, and what are the losses? What about Lisa Balinski; what was the balance of gains and losses for her in the early phase of middle adulthood compared with young adulthood? What were the gains, and what were the losses? What do you see as the potential gains and losses as she enters the later phase of middle adulthood? And what about Maha Ahmed in the late phase of middle adulthood; what is the balance of gains and losses for her in this phase of life compared with earlier phases? What are the gains, and what are the losses?
In the following cases, to what extent might an individual be hampered in delivering legal services because of personal reactions toward the client? Identify potential bias.
a. Mr. Smith, the client of your office, is being sued by his estranged wife for custody of their two small children. Mr. and Mrs. Smith live separately, but Mr. Smith has had custody of the children during most of their lives while Mrs. Smith has been in the hospital. Mrs. Smith has charged that Mr. Smith often yells at the children, leaves them with neighbors and day care centers for most of the day, and is an alcoholic. Your investigation reveals that Mrs. Smith will probably be able to prove all these allegations in court.
b. Mrs. Jones is being sued….