Lamp Light Company maintains and repairs warning lights, such as those found on radio towers and lighthouse. Lamp Light Company prepared the following end-of-period spreadsheet at December 31, 2016, the end of the fiscal year
LaMont works for a company in downtown Chicago. The firm encourages employees to use public transportation (to save the environment) by providing them with transit passes at a cost of $280 per month.
a. If LaMont receives one pass (worth $280) each month, how much of this benefit must he include in his gross income each year?
b. If the company provides each employee with $280 per month in parking benefits, how much of the parking benefit must LaMont include in his gross income each year?
Lakewood Fashion must decide how many lots of assorted ski wear to order for its three stores. Information on prices, sales, and inventory costs has led to the following payoff table, in thousands:_________Demand_________ Order Size____ Low_____ Medium__ High1 Lot 12 15 152 Lots 9 25 353 Lots 6 35 60REQUIRED:1. What decision should be made by an optimist?2. What decision should be made by a conservative?3. What decision should be made by using minimax regret?
Lake Shuttle Inc. is considering investing in two new vans that are expected to generate combined cash inflows of $20,000 per year. The vans’ combined purchase price is $65,000. The expected life and salvage value of each are four years and $15,000, respectively. Lake Shuttle has an average cost of 14 percent. Calculate the net present value of the investment opportunity.
Lake Shuttle Inc. is considering investing in two new vans that are expected to generate combined cash inflows of $20,000 per year. The vans’ combined purchase price is $65,000. The expected…
Landis Co. purchased $500,000 of 8%, 5-year bonds from Ritter, Inc. on January 1, 2011, with interest payable on July 1 and January 1. The bonds sold for $520,790 at an effective interest rate of 7%. Using the effective-interest method, Landis Co. decreased the Available-for-Sale Debt Securities account for the Ritter, Inc. bonds on July 1, 2011 and December 31, 2011 by the amortized premiums of $1,770 and $1,830, respectively.At December 31, 2011, the fair value of the Ritter, Inc. bonds was $530,000. What should Landis Co. report as other comprehensive income and as a separate component of stockholders’ equity?
Lake Charles Seafood makes 600 wooden packing boxes for fresh seafood per day, working in two 10-hour shifts. Due to increased demand, plant managers have decided to operate three 8-hour shifts per day instead. The plant is now able to produce 750 boxes per day.
a) Before the change in work rules, the company’s productivity per day =___ boxes/hr
After the change, the new productivity level per day =_____ boxes/hr
b) Based on the changes made, the percent increase in productivity =___%
c) If production is increased to 800 boxes per day, the new productivity =___boxes/hr
1.55
The case is entitled ‘Landhills Winery: Developing an Optimal Blending Plan’ written by Owen Hall and Kenneth Ko. The assignment requires answering the four questions listed on the following page of this document. As a part of answering the questions, you will develop an analytical model using Microsoft Excel. This model is also a required part of the submission for grading purposes. REQUIRED You have to submit the following two documents by the assignment due date and time for grading purposes: 1. A case write-up (in Microsoft Word or Adobe PDF format), containing the answers to the assigned questions, including any tables, figures, or summaries from the model; and 2. Supporting analytical model in Microsoft Excel format FORMAT AND SUBMISSION The case write-up (including a Title Page) should be contained in a maximum of six lettersized, single-sided pages, using a standard, single-spaced font. The analytical model has no page limit or other formatting specifications but should be appropriately detailed with adequate documentation. The Microsoft Word/Adobe PDF and Microsoft Excel files are to be emailed to the instructor by the due date and time. No printout is required.
LANDHILLS WINERY: DEVELOPING AN OPTIMAL BLENDING PLAN ◈
1. How much of each wine should be produced to maximize net profits?
2. How much of each blending grape by type is not used?
3. What is the maximum that the vintner should pay for one more bottle of the 2011 Cabernet Sauvignon harvested in Santa Barbara?
4. What is the impact on the optimal allocation if only 50,000 bottles of vintage Cabernet Sauvignon can be sold?
Lagerfield Company reported the following results from the sale of 5,000 hammers in May: sales $200,000, variable costs $120,000, fixed costs $60,000, and net income $20,000. Assume that Lagerfield increases the selling price of hammers by 10% on June 1. How many hammers will have to be sold in June to maintain the same level of net income?
Landed Technologies has to choose between two machines that have the following costs associated with them: Machine A costs $30,000 upfront and $7,000 in maintenance costs each year; this machine can be used for 5 years at which time it will need to be replaced. Machine B costs $50,000 upfront and involves maintenance costs of $5,000 a year; it can be used for 8 years at which time it will need to be replaced. Both machines have no salvage value. Which machine should the firm purchaseif the discount rate is 10% ?Calculate the EAC of each machine.
Lady Macbeth (Act 1; Scene V):Glamisthou art, and Cawdor; and shalt be
What thou art promised: yet do I fear thy nature;
It is too full o’ the milk of human kindness
To catch the nearest way: thou wouldst be great;
Art not without ambition, but without
The illness should attend it: what thou wouldst highly,
That wouldst thou holily; wouldst not play false,
And yet wouldst wrongly win:
thou’ldst have, great Glamis,
That which cries ‘Thus thou must do, if thou have it;
And that which rather thou dost fear to do
Than wishest should be undone.’ Hie thee hither,
That I may pour my spirits in thine ear;
And chastise with the valour of my tongue
All that impedes thee from the golden round,
Which fate and metaphysical aid doth seem
To have thee crown’d withal.
Macbeth (Act 1; Scene VII):
He’s here in double trust;
First, as I am his kinsman and his subject,
Strong both against the deed; then, as his host,
Who should against his murderer shut the door,
Not bear the knife myself. Besides, this Duncan
Hath borne his faculties so meek, hath been
So clear in his great office, that his virtues
Will plead like angels, trumpet-tongued, against
The deep damnation of his taking-off;
And pity, like a naked new-born babe,
Striding the blast, or heaven’s cherubim, horsed
Upon the sightless couriers of the air,
Shall blow the horrid deed in every eye,
That tears shall drown the wind. I have no spur
To prick the sides of my intent, but only
Vaulting ambition, which o’erleaps itself
And falls on the other.
Use the excerpts from Macbeth to complete the following task:
Write an essay of at least three paragraphs, supporting the assertion that the character of Lady Macbeth is passionately ambitious while the character of Macbeth is more cautious. Be sure to include evidence from the text to support your answer. Remember to clearly state your main point and use correct citation in your response.
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