Question: Wake County has a special emergency rescue

> December 31, Year 4, balance sheet data for Hestand Company follow. All accounts are represented. Amounts indicated by question marks (?) can be calculated using the following additional information: Required: Determine the following: a. The balance in

> Balance sheet data for the Beech Corporation follows: Required: Compute the following and round computations to one decimal point: a. Working capital. b. Current ratio. c. Debt-to-assets ratio. d. Debt-to-equity ratio. $ 80,000 320,000 $400,000 $ 3

> On October 31, Year 4, Corona Company’s total current assets were $160,000 and its total current liabilities were $40,000. On November 1, Year 4, Corona purchased marketable securities for $20,000 cash. Required: a. Compute Corona’s working capital befo

> Bruno Corporation purchased $480 of merchandise on account. Required: Explain the effect of the purchase on Bruno’s current ratio.

> Alpena Company reported the following operating results for Year 4 and Year 3: Required: Round percentages to one decimal point. a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 4 and Year

> Using either Starbucks Corporation’s most current Form 10-K or the company’s annual report, answer the following questions. To obtain the Form 10-K, use either the EDGAR system, following the instructions in Appendix A, or the company’s website. The comp

> Sperry Company reported the following operating results for two consecutive years: Required: Express each income statement component for each of the two years as a percentage of sales. Round percentages to one decimal point. Year 3 Amount Percenta

> The following is a list of transactions: a. Paid cash for short-term marketable securities. b. Purchased a computer, issuing a short-term note for the purchase price. c. Purchased factory equipment, issuing a long term note for the purchase price. d. Sol

> Haskell Corporation reported the following operating results for two consecutive years: Required: a. Compute the percentage changes in Haskell Corporation’s income statement components for the two years. Round percentages to one decim

> On January 1, Year 1, Sanita Company had a balance of $76,300 in its Office Equipment account. During Year 1, Sanita purchased office equipment that cost $30,300. The balance in the Office Equipment account on December 31, Year 1, was $75,400. The Year 1

> On January 1, Year 1, Poole Company had a balance of $178,000 in its Land account. During Year 1, Poole sold land that had cost $71,000 for $95,000 cash. The balance in the Land account on December 31, Year 1, was $210,000. Required: a. Determine the ca

> The following accounts and corresponding balances were drawn from Geneses Company’s Year 2 and Year 1 year-end balance sheets: The Year 2 income statement is shown next: Required: a. Prepare the operating activities section of the s

> Ragg Shop, Inc. (RSI) recognized $3,800 of sales revenue on account and collected $2,950 of cash from accounts receivable. Further, RSI recognized $1,200 of operating expenses on account and paid $900 cash as partial settlement of accounts payable. Requ

> The following accounts and corresponding balances were drawn from Pixi Company’s Year 2 and Year 1 year-end balance sheets: The Year 2 income statement is shown next: Required: a. Use the direct method to compute the amount of cash

> The following accounts and corresponding balances were drawn from Osprey Company’s Year 2 and Year 1 year-end balance sheets: During the year, $84,000 of unearned revenue was recognized as having been earned. Rent expense for Year 2 w

> Pella Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Pella’s Year 2 and Year 1 year-end balance sheets: The income statement reported a $700 lo

> There were 36,899 McDonald’s Company restaurants in 120 countries as of December 31, 2016. Shake Shack, Inc., a much newer fast-food restaurant company, began operations as a hot dog cart in 2001. It incorporated on September 23, 2014,

> Napoleon Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company’s Year 2 and Year 1 year-end balance sheets: The Year 2 income stateme

> The following accounts and corresponding balances were drawn from Cushing Company’s Year 2 and Year 1 year-end balance sheets: Other information drawn from the accounting records: 1. Dividends paid during the period amounted to $50,00

> On January 1, Year 1, Milam Company had a balance of $300,000 in its Common Stock account. During Year 1, Milam paid $18,000 to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on Dec

> On January 1, Year 1, Van Company had a balance of $800,000 in its Bonds Payable account. During Year 1, Van issued bonds with a $300,000 face value. There was no premium or discount associated with the bond issue. The balance in the Bonds Payable accoun

> The following accounts and corresponding balances were drawn from Teva Company’s Year 2 and Year 1 year-end balance sheets: Other information drawn from the accounting records: 1. Teva incurred a $3,000 loss on the sale of investment

> An accountant for Farve Enterprise Companies (FEC) computed the following information by making comparisons between FEC’s Year 2 and Year 1 balance sheets. Further information was determined by examining the company’s Year 2 income statement. 1. The amou

> Reiss Inc. was organized on June 1, Year 1. It was authorized to issue 500,000 shares of $10 par common stock and 100,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $50 per share. The following stock t

> Newly formed Irwin Services Corporation has 100,000 shares of $10 par common stock authorized. On March 1, Year 1, Irwin Services issued 20,000 shares of the stock for $12 per share. On May 2, the company issued an additional 30,000 shares for $15 per sh

> ALR Corporation had the following stock issued and outstanding at January 1, Year 1: 1. 200,000 shares of $10 par common stock. 2. 8,000 shares of $100 par, 4 percent, noncumulative preferred stock. On May 10, ALR Corporation declared the annual cash div

> When Ching Corporation was organized in January Year 1, it immediately issued 10,000 shares of $50 par, 5 percent, cumulative preferred stock and 15,000 shares of $10 par common stock. The company’s earnings history is as follows: Year 1, net loss of $18

> Ford Motor Company is one of the world’s largest automobile manufacturing companies. The following data were taken from the company’s 2016 annual report: Required: a. Compute Ford’s price-earnings r

> The stockholders’ equity section of Creighton Company’s balance sheet is shown as follows: Required: a. Assuming the preferred stock was originally issued for cash, determine the amount of cash that was collected whe

> Bronson Inc. has 300,000 shares authorized, 175,000 shares issued, and 25,000 shares of treasury stock. At this point, Bronson has $820,000 of assets. $250,000 liabilities, $400,000 of common stock, and $170,000 of retained earnings. Further, assume that

> D. Reed and J. Files started the RF partnership on January 1, Year 1. The business acquired $70,000 cash from Reed and $140,000 from Files. During Year 1, the partnership earned $75,000 in cash revenues and paid $39,000 for cash expenses. Reed withdrew $

> Pepper Company’s earnings were approximately the same in Year 1 and Year 2. Even so, the company’s P/E ratio dropped significantly. Required: Speculate about why Pepper’s P/E ratio dropped significantly while its earnings remained constant.

> A sole proprietorship was started on January 1, Year 1, when it received $30,000 cash from Maria Lopez, the owner. During Year 1, the company earned $50,000 in cash revenues and paid $22,300 in cash expenses. Lopez withdrew $10,000 cash from the business

> Davis, Inc. and Royal, Inc. reported net incomes of $81,000 and $93,000, respectively, for their most recent fiscal years. Both companies had 10,000 shares of common stock issued and outstanding. The market price per share of Davis’ stock was $130, while

> The Cutting Edge (TCE) is one of the world’s largest lawn mower distributors. TCE is concerned about maintaining an adequate supply of the economy line mowers that it sells in its stores. TCE currently obtains its economy-line mowers from two suppliers.

> On December 30, Odom Enterprises (OE) had $120,000 of cash, $35,000 of liabilities, $50,000 of common stock, and $35,000 of unrestricted retained earnings. On December 31, OE appropriated retained earnings in the amount of $15,000 for a future remodeling

> The market value of Granger Corporation’s common stock had become excessively high. The stock was currently selling for $240 per share. To reduce the market price of the common stock, Granger declared a 3-for-1 stock split for the 200,000 outstanding sha

> Egrett Corporation issued a 4 percent stock dividend on 20,000 shares of its $10 par common stock. At the time of the dividend, the market value of the stock was $30 per share. Required: a. Compute the amount of the stock dividend. b. Show the effects o

> Listed here are data for five companies. These data are for the companies’ 2016 fiscal years. The market price per share is the closing price of the companies’ stock as of March 24, 2017. Except for market price per sh

> Obtain the Target Corporation’s annual report at http://investors.target.com using the instruction in Appendix B, and use it to answer the following questions: Required: a. What is the par value per share of Target’s stock? b. How many shares of Target’

> (***) Omega Design is moving into an old Victorian building with a very unusual floor layout:Distances, in meters, between the areas are as follows:The numbers of daily interdepartmental trips are as follows:Use the “minimal distance tr

> Dr. Mike Douvas is opening a new sports clinic and is wondering how to arrange the six different departments of the clinic:1. Waiting;2. Reception;3. Records and staff lounge;4. Examination;5. Outpatient surgery; and6. Physical therapy.A map of the clini

> (**) As the new facilities manager at Hardin Company, you have been asked to determine the layout for four departments on the fourth floor of the company’s headquarters. Following is a map of the floor with distances between the areas:T

> ABS sells construction materials to commercial and home builders. One of ABS’s key processes is the order fulfillment process shown below and described as follows:• All orders are assessed on arrival. Of the orders, 30

> The Lenovo Refurbishing Center repairs used laptops that are returned under warranty. • The center receives and processes, on average, 200 laptops per day.• All laptops are tested upon receipt: 30% are immediately reje

> (***) (Microsoft Excel problem) The following figure shows an expanded version of the Excel spreadsheet described in Using Excel in Capacity Management (see the following page). In addition to the break-even and indifference points, the expanded spreadsh

> The local university has developed an eight-step process for screening the thousands of admissions applications it gets each year. The provost has decided that the best way to take a first cut at all these applications is by employing a line process. The

> Rich Sawyer runs a landscaping firm. Each year Rich contracts for labor and equipment hours from a local construction company. The construction company has given Rich three different capacity options: Cost per labor hour: …â&#1

> After graduating from college, your friends and you start an Internet auction service called TriangCom. Business has been fantastic, with 10 million customer visits—or “hits”—to the

> Benson Racing is training a new pit crew for its racing team. For its first practice run, the pit crew is able to complete all the tasks in exactly 30 seconds—not exactly world-class. The second time around, the crew shaves 4.5 seconds off its time.a. (*

> Peri Thompson is the sole dispatcher for Thompson Termite Control. Peri’s job is to take customer calls, schedule appointments, and in some cases resolve any service or billing questions while the customer is on the phone. Peri can handle about 15 calls

> Clay runs a small hot dog stand in downtown Chapel Hill. Clay can serve about 30 customers an hour. During lunchtime, customers randomly arrive at a rate of 20 per hour.a. (*) What percentage of the time is Clay busy?b. (*) On average, how many customers

> Merck is considering launching a new drug called Laffolin. Merck has identified two possible demand scenarios:Demand Level………………&acirc

> Philip Neilson owns a fireworks store. Philip’s fixed costs are $15,000 a month, and each fireworks assortment he sells costs, on average, $10. The average selling price for an assortment is $30.a. (*) What is the break-even point for Philip’s fireworks

> Emily Watkins, a recent college graduate, faces some tough choices. Emily must decide whether to accept an offer for a job that pays $35,000 or hold out for another job that pays $45,000 a year. Emily thinks there is a 75% chance that she will get an off

> You are the new CEO of Dualjet, a U.S. company that makes premium kitchen stoves for home use. You must decide whether to assemble the stoves in-house or to have a Mexican company do it. The fixed and variable costs for each option are as follows: a. (*

> Rayloc rebuilds automotive components. Its main facility has a work cell dedicated to rebuilding fuel pumps. The tasks, times, and predecessor relationships are as follows:a. (**) Draw a precedence diagram for the tasks. Rayloc would like the cell to be

> Consider the two capacity options for Arktec Manufacturing shown below:Demand (Units Per Year)…………………. Probability

> (*) Suppose the Shelly Group has identified two possible demand levels for copies per month:Copies (Per Month) ………..Probability5,000 …………………………….....……..50%10,000……………………………...…..….. 50%What is the expected cost if it costs $700 per month to lease a new

> Arktec Manufacturing must choose between the following two capacity options:a. (*) What would the cost be for each option if the demand level is 30,000 units per year? If it is 80,000 units per year?b. (**) In general, which option do you think would be

> (*) The Shelly Group has leased a new copier that costs $850 per month plus $0.20 for each copy. What is the total cost if Shelly makes 10,000 copies a month? If it makes 20,000 copies a month? What is the per-copy cost at 10,000 copies? At 20,000 copies

> Consider Example 4.1 and the accompanying Figure 4.6 from the book chapter.a. (**) Calculate the percent value-added time for the current process. Which activities do you consider to be value added? Why?b. (***) Suppose management actually does put a sys

> Average waiting times and ride times for two of Dizzy- World’s rides are as follows:a. (*) Calculate the percent value-added time for each ride.b. (**) Now suppose DizzyWorld puts in place a reservation system for the Haunted Roller Coa

> (**) When a driver enters the license bureau to have his license renewed, he spends, on average, 45 minutes in line, 2 minutes having his eyes tested, and 3 minutes to have his photograph taken. What is the percent value-added time? Explain any assumptio

> Insurance agency has determined that the standard time to replace a fender is 2.5 hours (i.e., “standard output” = 0.4 fenders per hour) and is willing to pay Gibson $50 per hour for labor (parts and supplies are billed separately). Gibson pays its worke

> (**) Precision Machinery has set standard times for its field representatives to perform certain jobs. The standard time allowed for routine maintenance is 2 hours (i.e., “standard output” = 0.5 jobs per hour). One of

> (*) A customer support job requires workers to complete a particular online form in 60 seconds. Les can finish the form in 70 seconds. What is his efficiency? What other performance measures might be important here?

> The state tax department wants to set up what would amount to a series of identical production lines (running 8 hours a day) for processing state tax returns that are submitted on the state’s “EZ” for

> Smarmy Sales, Inc. (SSI), sells herbal remedies through its Web site and through phone reps. Over the past six years, SSI has started to depend more and more on its Web site to generate sales. The figures below show total sales, phone rep costs, and Web

> (**) Consider the output and labor hour figures shown in the following table. Calculate the labor productivity for each week, as well as the average labor productivity for all six weeks. Do any of the weeks seem unusual to you? Explain.,,,

> Marci spends 15 hours researching and writing a 20-page report for her philosophy class. Jack brags that he has a “streamlined process” for performing the researching and writing. Jack takes just 8 hours to research and write the paper, but his report is

> Faircloth Financial specializes in home equity loans, loans that customers can take out against the equity they have in their homes. (“Equity” represents the difference between the home’s value and the amount a customer owns on any other loans.) The curr

> Billy’s Hamburger Barn has a single drive-up window. Currently, there is one attendant at the window who takes the order (30–40 seconds), gathers up the food and bags it (30–120 seconds), and then takes the customer’s money (30–40 seconds) before handing

> (***) (Microsoft Excel problem) The following figure shows an Excel spreadsheet that calculates the value index for each of two alternative suppliers. Re-create this spreadsheet in Excel. You should develop the spreadsheet so that the results will be rec

> Reconsider Figure 2.3. Suppose Supplier B improves its conformance quality so that the chemicals it produces are now 99.9% pure. The chart at the bottom of the previous page shows the new competitive situation: a. (*) Will this be enough to make Supplie

> A Chicago-based manufacturer is looking for someone to handle its shipments to the West Coast. In order to evaluate potential transportation providers, the manufacturer has developed the following criteria. At a minimum, a shipper must be able to:a. Pick

> You have just graduated from college and are looking to buy your first car. Money is tight right now, so you are concerned with initial cost as well as ongoing expenses. At the same time, you don’t want to drive a slow, outdated car lik

> Visit the Web site for the Supply Chain Council, at www .supply-chain.org. What is the purpose of the council? Who are some of the members?

> LightEdge Technologies would like to put in place an assembly line in its Mexican facility that puts together Internet servers. The tasks needed to accomplish this, including times and predecessor relationships, are as follows:a. (*) Draw a precedence di

> Visit the Web sites for the professional organizations listed in this chapter. Who are their target audiences? Are some more focused on purchasing professionals or logistics professionals? Which of the careers listed in these Web sites are mentioned in t

> Draw out the transformation process similar to Figure 1.1 for a simple operations function, such as a health clinic or a car repair shop. What are the inputs? The outputs?

> AnderSet Laboratories produces rough lenses that will ultimately be ground into precision lenses for use in laboratory equipment. The company has developed the following thickness measures, based on 15 samples of four lenses that were taken when the proc

> (**) LaBoing produces springs, which are categorized as either acceptable or defective. During a period in which the manufacturing processes are under control, LaBoing takes multiple samples of 100 springs each, resulting in a calculated p value of 0.07.

> (*) The River Rock Company sells 200-pound bags of decorative rocks for landscaping use. The current bagging process yields samples with X and R values of 200 pounds and 12 pounds, respectively. Each sample consists of 12 observations. Develop the approp

> mean value of 64 ounces and a standard deviation of 6 ounces.a. (**) Suppose that the upper and lower tolerance limits are 79 and 65 ounces, respectively. What is the process capability ratio? What would the standard deviation have to be in order for the

> Leah’s Toys guarantees to ship customer orders in 24 hours or less. The following chart contains results for five samples of nine customer orders each:a. (**) Based on these results, estimate the p and Sp values.b. (**) A student commen

> Leah’s Toys makes rubber balls. The current process is capable of producing balls that weigh, on average, 3 ounces, with a standard deviation of 0.25 ounces.a. (*) What is the process capability ratio, assuming upper and lower tolerance limits of 3.5 and

> (*) Leah’s Toys produces molded plastic baby rattles. These rattles must be completely smooth. That is, there can be no rough edges where the molded halves fit together. Rattles are judged to be either acceptable or defective with regard to this requirem

> (*) Tyler Apiaries sells bees and beekeeping supplies. Bees (including a queen) are shipped in special packages according to weight. Suppose Tyler changes its processes so that the average package weight is now 1.7 kg, with a new standard deviation of 0.

> (**) Solar Stoves makes high-end gas stoves for domestic use. The total task time needed to make a stove is 400 seconds, with the longest individual task taking 60 seconds. Solar stoves would like to set up a line capable of producing 100 coolers per 8-h

> (**) Lazy B Ranch produces leather hides for use in the furniture and automotive upholstery industry. The company has taken 10 samples of nine observations each, measuring the square footage of each hide. Summary data are as follows: Use these data to s

> (*) Tyler Apiaries sells bees and beekeeping supplies. Bees (including a queen) are shipped in special packages according to weight. The target weight of a package is 1.5 kg. Historically, Tyler’s shipments have weighed on average 1.5 kg, with a standard

> (***) (Microsoft Excel problem) The Excel spreadsheet to the right calculates the upper and lower control limits for an attribute (in this case, the proportion of dissatisfied customers). Re-create this spreadsheet in Excel. You should develop the spread

> (***) (Microsoft Excel problem) The Excel spreadsheet at the top of the next page calculates the upper and lower control limits for a continuous variable. Re-create this spreadsheet in Excel. You should develop the spreadsheet so that the results will be

> The Oceanside Apparel Company manufactures men’s knit shirts. The production process requires material to be cut into large patterned squares, which are then sewn together. If the squares are not the correct length, the final shirt will

> Central Airlines would like to set up a control chart to monitor its on-time arrival performance. Each day over a 10-day period, Central Airlines chose 30 flights at random and tracked the number of late arrivals in each sample. The results are as follow

> BHC produces bags of cement. The stated weight for a bag of cement is 200 pounds. Customers will accept an occasional bag weighing as little as 196 pounds, as long as the average weight is at least 209 pounds. At the same time, BHC doesn’t want to give a

> Crawford Pharmaceuticals has developed a new drug, Vaxidene. The target amount for a single dose of Vaxidene is 125 mg. Patients can receive as little as 98 mg or as much as 102 mg without experiencing any ill effects. Because of potential liability issu

> EK Chemical Company sells a specialty chemical in packages marked 100 g. In reality, EK has set the process mean at 100.5 g, and the process currently has a standard deviation of 0.50 g. Suppose the customer will accept anywhere least 100 g.a. (**) Calc

> An insurance company has an online help service for its customers. Customer queries that take more than 5 minutes to resolve are categorized as “unsatisfactory” experiences. To evaluate the quality of its service, the