Answers to Chapter 3 Exercises 3.1. DRAM factory. You own and operate a facility located in Taiwan that manufactures 64-megabit dynamic random-access memory chips (DRAMs) for personal computers (PCs). One year ago you acquired the land for this facility for $2 million‚ and used $3 million of your own money to finance the plant and equipment needed for DRAM manufacturing. Your facility has a maximum capacity of 10 million chips per year. Your cost of funds is 10% per year for either borrowing
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when one corporation becomes a subsidiary of another. In the case of a parent-subsidiary relationship‚ each combining company continues to exist as a separate legal entity even though both companies are under the control of a single management team. 3 A business combination occurs when two or more previously separate and independent companies are brought under the control of a single management team. Merger and consolidation in a generic sense are frequently used as synonyms for the term business
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Club IT‚ Part 3 Lisa and Ruben look forward to the time when they can get useful and timely numbers on Club IT operations. Quantities and costs for food and beverage operations‚ payroll‚ concert events‚ and marketing campaigns are difficult to compile with their current information systems. They realize they must first implement a transaction processing system (TPS) before they can expect to receive high-quality data from an MIS (management information system). Thanks to your creative work on
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stock 140‚000 115‚000 Retained earnings 37‚000 55‚000 Total liabilities and stockholders ’ equity $220‚000 $195‚000 Additional information: 1. Net loss for 2002 is $14‚000. 2. Cash dividends of $4‚000 were declared and paid in 2002. 3. Land was sold for cash at a loss of $5‚000. This was the only land transaction during the year. 4. Equipment with a cost of $15‚000 and accumulated depreciation of $10‚000 was sold for $5‚000 cash. 5. $14‚000 of bonds were retired during the year
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International Business Strategy Journey to Sakhalin A+B+C Debrief Workshop delivered by Dr. Eva Alfoldi Dubai‚ 24-26 September 2013 Q1) How are the markets for oil and gas different? • Oil – Oil markets are well‐integrated and increasingly global – World’s available oil reserves are relatively spread out (Middle East‚ Nigeria‚ Venezuela‚ Russia etc...) – In Russia‚ several players operate in the oil sector – making it relatively competitive – Sakhalin II phase 1 (focused on oil)
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List several evils that the reformers of the period 1820-1860 tried to eliminate. Gender inequality and slavery were the two biggest evils that reformers tried eliminating in the time period. The abolition of slavery had many reformers behind it. Two very important men trying to achieve this were Frederick Douglass and William Lloyd Garrison‚ a white man‚ going to show there was support from all types of people. Two of the women’s rights advocates were Elizabeth Cady Stanton and Sarah Grimke. They
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payable in April. The company pays no dividends. Required 1. Determine the March 31 ending balances for Materials Inventory‚ Work in Process Inventory‚ and Finished Goods Inventory. 2. Prepare a budgeted income statement for the quarter ended March 31. 3.
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ACCT505 Part B Capital Budgeting problem Clark Paints Data: Cost of new equipment $200‚000 Expected life of equipment in years 5 yrs Disposal value in 5 years $40‚000 Life production - number of cans 5‚500‚000 Annual production or purchase needs $1‚100‚000 Initial training costs Number of workers needed 3 Annual hours to be worked per employee 2000 hrs Earnings
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Lind Chapter 3: Exercise 60 Owens Orchards sells apples in a large bag by weight. A sample of seven bags contained the following numbers of apples: 23‚19‚26‚17‚21‚24‚22. a. Compute the mean number and median number of apples in a bag. Total number of Problems = 11 Mean = (23+19+26+17+21+24+22)/7 = 21.71 Problems correct = 8 Median = 22 CORRECT List of # in order from low to high: 17‚19‚21‚22‚23‚24‚26 List of # in order from high
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Managerial Accounting and Control Decision Making: Relevant Costs and Benefits Case 14-62 Roy Kondoy Shella Faye Sportway Corporation • Sportway is a wholesale distributor supplying a wide range of moderately priced sports equipment to large chain stores • Products: 60% purchased‚ 40% manufactured • The company has a Plastics Department that is currently manufacturing molded fishing tackle boxes • Sportway is able to manufacture and sell 8‚000 tackle boxes annually‚ making full use of its direct-labor
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