Although many new moms will nurse their new babies in the
beginning, the Pediatrics Associa-tion believes...
Although many new moms will nurse their new babies in the
beginning, the Pediatrics Associa-tion believes that 50% of moms
are still nursing their babies by the time the babies are six
months old. The La Leche Society believes that this proportion is
less than 50% and thus believes more edu-cational information
should be given to new moms to encourage the mothers to nurse for
the first year of their child’s life. A random sample of 425 new
moms was...
The Booth Company's sales are forecasted to double from $1,000
in 2018 to $2,000 in 2019....
The Booth Company's sales are forecasted to double from $1,000
in 2018 to $2,000 in 2019. Here is the December 31, 2018, balance
sheet:
Cash
$ 100
Accounts payable
$ 50
Accounts receivable
200
Notes payable
150
Inventories
200
Accruals
50
Net fixed assets
500
Long-term debt
400
Common stock
100
Retained earnings
250
Total assets
$1,000
Total liabilities and equity
$1,000
Booth's fixed assets were used to only 50% of capacity during
2018, but its current assets were at their proper...
Arndt, Inc., reported the following for 2018 and 2019 ($ in
millions):
2018
2019
Revenues
$...
Arndt, Inc., reported the following for 2018 and 2019 ($ in
millions):
2018
2019
Revenues
$
893
$
992
Expenses
764
804
Pretax accounting income (income statement)
$
129
$
188
Taxable income (tax return)
$
130
$
200
Tax rate: 40%
Expenses each year include $20 million from a two-year casualty
insurance policy purchased in 2018 for $40 million. The cost is tax
deductible in 2018.
Expenses include $2 million insurance premiums each year for
life insurance on key...
In Fantasy City between January 1 and December 31, 2006, 35 new
cases of tuberculosis were...
In Fantasy City between January 1 and December 31, 2006, 35 new
cases of tuberculosis were diagnosed. There were an additional 300
“old” cases on the list of active cases on December 31, 2006. The
population of Fantasy City was 400,000. Due to tuberculosis, 20
deaths have been recorded during this 1 year period.
What is the incidence rate per 100,000 population for
tuberculosis during 2006?
What is the prevalence rate of tuberculosis per 100,000 on
December 31, 2006?
What...
In Fantasy City between January 1 and December 31,
2006, 35 new cases of tuberculosis were...
In Fantasy City between January 1 and December 31,
2006, 35 new cases of tuberculosis were diagnosed. There were an
additional 300 “old” cases on the list of active cases on December
31, 2006. The population of Fantasy City was 400,000. Due to
tuberculosis, 20 deaths have been recorded during this 1 year
period.
What is the incidence rate per 100,000 population for
tuberculosis during 2006?
What is the prevalence rate of tuberculosis per 100,000
on December 31, 2006?
What...
Rate of Change Analyses
Teicher Company presents the following condensed comparative
income statements for 2020, 2019,...
Rate of Change Analyses
Teicher Company presents the following condensed comparative
income statements for 2020, 2019, and 2018:
For Years Ended December 31,
2020
2019
2018
Sales (net)
$120,000
$100,000
$85,000
Cost of goods sold
(72,000)
(55,000)
(45,000)
Gross profit
$48,000
$45,000
$40,000
Operating expenses
(22,000)
(20,000)
(18,000)
Operating income
$26,000
$25,000
$22,000
Other items:
Dividend revenue
400
500
200
Interest expense
(1,200)
(1,000)
(500)
Income before income taxes
$25,200
$24,500
$21,700
Income tax expense
(8,200)
(8,000)
(6,000)
Net income...
) As of March 2018, the adult population for the U.S. is
257,097, the total number...
) As of March 2018, the adult population for the U.S. is
257,097, the total number of employed people is 155,178, and the
total number of unemployed people is 6,585 (all figures in this
question are measured in thousands).
a. What is the unemployment rate for the U.S.?
b. What is the labor force participation rate for the U.S.?
c. Of the 6,585 unemployed people, if 1,000 become discouraged
and stop looking for work, what is the new unemployment rate?...
Maggie's Muffins Bakery generated $4 million in sales during
2018, and its year-end total assets were...
Maggie's Muffins Bakery generated $4 million in sales during
2018, and its year-end total assets were $2.4 million. Also, at
year-end 2018, current liabilities were $1 million, consisting of
$300,000 of notes payable, $500,000 of accounts payable, and
$200,000 of accruals. Looking ahead to 2019, the company estimates
that its assets must increase at the same rate as sales, its
spontaneous liabilities will increase at the same rate as sales,
its profit margin will be 4%, and its payout ratio...