Archives: Solution Manual

Notes to Instructors Chapter 47 Animal Development What is the focus of this activity? Chapter 21 provided a review of how genes act to control development. Chapter 47 What is this particular activity designed to do? Activity 47.1 What common […]

CHAPTER 7 Incremental Analysis ASSIGNMENT CLASSIFICATION TABLE Learning Objectives Questions Brief Exercises Do It! Exercises A Problems 1. Describe management’s decision-making process and incremental analysis. 1, 2, 3, 4 1, 2 1 1, 18 2. Analyze the relevant costs in […]

Now we can find the stock price, which is: P0 = D1 / (R – g) P0 = $1.50(1.1174) / (.14 – .1174) P0 = $74.24 Using this industry EPS, the industry payout ratio is: Industry payout ratio = $.49 […]

Notes to Instructors Chapter 46 Animal Reproduction What is the focus of this activity? This activity highlights both the similarities and differences in the reproductive systems What is this particular activity designed to do? Activity 46.1 How does the production […]

CHAPTER 7 LEARNING OBJECTIVES 1. DESCRIBE MANAGEMENT’S DECISION-MAKING PROCESS AND INCREMENTAL ANALYSIS. 2. ANALYZE THE RELEVANT COSTS IN ACCEPTING AN ORDER AT A SPECIAL PRICE. 3. ANALYZE THE RELEVANT COSTS IN A MAKE-OR– BUY DECISION. 4. ANALYZE THE RELEVANT COSTS […]

Chapter 7 Input area: 2) Industry EPS 0.91$ Industry payout ratio 54.04% Industry retention ratio 45.96% Industry growth rate 6.89% Year Dividend 11.68$ 21.87$ 32.09$ 42.34$ 52.61$ 62.79$ Shares owned by each sibling 50,000 Ragan EPS 4.85$ Dividend to each […]

Notes to Instructors Chapter 45 Hormones and Endocrine System What is the focus of this activity? This activity requires students to review their understanding of the general mechanisms What is this particular activity designed to do? Activity 45.1 How do […]

SOLUTION Chapter 6 Waterways Continuing Problem WCP6 Part 1 (a) Total units = 460,000 + 1,480,000 + 60,000 = 2,000,000 Sales mix (b) Sprinklers Valves Controllers Sales price $26.50 $11.20 $42.50 Variable costs Manufacturing 13.96 7.95 29.75 Selling & admin. […]

294 Notes to Instructors Notes to Instructors Chapter 44 Osmoregulation and Excretion What is the focus of this activity? The digestive system and the respiratory system function in the bulk flow of nutrients and gases into the body. The excretory […]

6. Bond issuers look at outstanding bonds of similar maturity and risk. The yields on such bonds are used to establish the coupon rate necessary for a particular issue to initially sell for par value. Bond issuers also ask potential […]

CHAPTER 6 SOLUTIONS TO PROBLEMS: SET B (a) Sales were $2,400,000 and variable expenses were $1,536,000, which means contribution margin was $864,000 and CM ratio was .36. Fixed expenses were $936,000. Therefore, the break-even point in dollars is: $936,000 = […]

290 Notes to Instructors Notes to Instructors Chapter 43 The Immune System What is the focus of this activity? Many aspects of the immune system function in a series of domino effect–like responses. In other words, one action leads to […]

4. A provision with a specific call date and prices would increase the coupon rate. The call provision would only be used when it is to the company’s advantage, thus the bondholder’s disadvantage. The downside is the higher coupon rate. […]

OR Fixed costs ÷ Contribution margin ratio = $20,000 ÷ .40 = 50,000 per month Expected rental revenue = 1,200 rooms X $50 = $60,000 Margin of safety in dollars = $60,000 – $50,000 = $10,000 (2) Margin of safety […]

Notes to Instructors 277 Notes to Instructors Chapter 42 Circulation and Gas Exchange What is the focus of these activities? All the cells of the body need to be continuously supplied with oxygen and food to support cellular respiration (Chapter […]

5. If the total amount of money is fixed, you want as much as possible as soon as possible. The team (or, more accurately, the team owner) wants just the opposite. 6. The better deal is the one with equal […]

E6-1 Compute break-even point and margin of safety The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $60 a night. Operating costs are as follows. Salaries $10,600 per month Utilities […]

Notes to Instructors Chapter 41 Animal Nutrition What is the focus of this activity? Many of the organ systems in mammals are designed to handle the bulk flow of substances into and out of the body. The digestive system is […]

CHAPTER 5 S&S AIR’S MORTGAGE 1. The payment for a loan repaid with equal payments is the annuity payment with the loan value as the PV of the annuity. So, the 30-year loan payment will be: 2. The interest payment […]

Contribution margin………………………………………………………..858,000 Less: Fixed costs………………………………………………………… 625,000 Net income……………………………………………………………….$ 233,000 Contribution margin……………………………………………………….. 725,625 Less: Fixed costs…………………………………………………………. 550,000 Net income………………………………………………………………….$ 175,625 Contribution margin……………………………….……………………….. 768,750 Less: Fixed costs…………………………………………………………. 550,000 Net income…………………………………………………………..…….$ 218,750 Chapter 6 – Weygandt Managerial 7e Challenge Exercises Solutions Solution CE6-1 […]

Notes to Instructors Chapter 40 Basic Principles of Animal Form and Function What is the focus of this activity? All organisms, whether single-celled or complex and multicelled, must be able to maintain homeostasis. For each cell in the organism to […]

S&S Air’s Mortgage Input area: Loan amount 35,000,000$ 30-year loan APR 6.10% Loan length (years) 30 Loan length (years) 20 Output area: 1) 30-year loan payment 212,098.17$ 20-year loan payment 252,774.22$ 2) Month Beginning Balance Total Payment Interest Payment Principal […]

Chapter 6: Using Excel to Make Decisions at Current Designs Part 1 (a, b) Data Rotomolded Composite Total Sales price/unit $950 $2,000 Variable costs/unit $570 $1,340 Required Follow the step-by-step directions to perform cost-volume-profit analysis for multiple products. (a) Rotomolded […]

Notes to Instructors Chapter 39 Plant Responses to Internal and External Signals What is the focus of this activity? In Activity 37.1, students looked at some of the nutrient conditions required to develop What is this particular activity designed to […]

8. The key considerations would be: (1) Is the rate of return implicit in the offer attractive relative to other, similar risk investments? and (2) How risky is the investment; i.e., how certain are we that we will actually get […]

CHAPTER 6 Cost-Volume-Profit Analysis: Additional Issues ASSIGNMENT CLASSIFICATION TABLE Learning Objectives Questions Brief Exercises Do It! Exercises A Problems 1. Apply basic CVP concepts. 1, 2, 3, 4, 5, 6 1, 2, 3, 4, 5, 6 1 1, 2, 3, […]

Notes to Instructors Chapter 38 Angiosperm Reproduction and Biotechnology What is the focus of this activity? All plants display an alternation of generations between a multicellular haploid or generative nucleus, and two sperm nuclei. What is this particular activity designed […]

immediate payment, the firm might have a difficult time meeting its obligations. A current ratio of 1.50 means the firm has 50% more current assets than it does current liabilities. This probably represents an improvement in liquidity; short-term obligations can […]

CHAPTER 6 LEARNING OBJECTIVES 1. APPLY BASIC CVP CONCEPTS. 2. EXPLAIN THE TERM SALES MIX AND ITS EFFECTS ON BREAK-EVEN SALES. 3. DETERMINE SALES MIX WHEN A COMPANY HAS LIMITED RESOURCES. 4. INDICATE HOW OPERATING LEVERAGE AFFECTS PROFITABILITY. *5. EXPLAIN […]

Notes to Instructors Chapter 37 Plant Nutrition What is the focus of this activity? This activity focuses student attention on the fact that “plant foods” are usually inorganic; What is this particular activity designed to do? Activity 37.1 What do […]

Total debt ratio = ($18,544,680 – 11,360,184) / $18,544,680 Total debt ratio = .39 times Debt–equity ratio = ($2,594,496 + 4,590,000) / $11,360,184 Debt–equity ratio = .63 times Equity multiplier = $18,544,680 / $11,360,184 Equity multiplier = 1.63 times Times […]

SOLUTION Chapter 5 Waterways Continuing Problem WCP5 (Note: All figures are rounded.) (a) (1) The contribution margin ratio is 35% ($1,023,120  $2,937,120): WATERWAYS CORPORATION Contribution Margin Income Statement for Water Control and Timer For the Year 2017 Per unit […]

Notes to Instructors Chapter 36 Transport in Vascular Plants What is the focus of this activity? In this activity, students will examine the basic structure and function of transport systems What is this particular activity designed to do? Activity 36.1 […]

Long-term debt 4,590,000$ Fixed assets Net PP&E 14,778,816$ Shareholder Equity Common stock 180,000$ Retained earnings 11,180,184$ Total Equity 11,360,184$ Total Assets 18,544,680$ Total L&E 18,544,680$ Return on assets 6.51% Return on equity 10.62% Retention ratio 0.7961 Internal growth rate 5.46% […]

CHAPTER 5 SOLUTIONS TO PROBLEMS: SET B PROBLEM 5-1B (a) Variable costs (per haircut) Fixed costs (per month) Barbers’ commission $3.00 Rent .60 Barbers’ salaries $7,500* Rent 700 (b) $6X = $9,000 X = 1,500 haircuts $10X = $4X + […]

Notes to Instructors What is the overall focus of activities associated with Chapters 35 to 51? Activities from earlier chapters and from the chapters on the diversity of organisms allowed students to develop an understanding of these topics: • The […]

4. Depreciation is a non-cash deduction that reflects adjustments made in asset book values in accordance with the matching principle in financial accounting. Interest expense is a cash outlay, but it’s a financing cost, not an operating cost. 5. Market […]

CHAPTER 5 SOLUTIONS TO EXERCISES—SET B EXERCISE 5-1 B (a) (b) The relevant range is 4,000 – 9,000 units of output since a straight-line relationship exists for both direct materials and rent within this range. (c) Variable cost per unit […]

Notes to Instructors Chapter 34 Vertebrates What is the focus of this activity? As noted in Activity 32.1/33.1, when studying biodiversity, many students try to What is this activity designed to do? Activity 34.1 What can we learn about the […]

CHAPTER 2 CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: Income statement 2015 2016 Sales $400,111 $487,712 Cost […]

E5-9 Compute break-even point The Palmer Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $60 a night. Operating costs are as follows. Salaries $5,900 per month […]

224 Notes to Instructors Notes to Instructors Chapter 32 An Introduction to Animal Evolution Chapter 33 Invertebrates What is the focus of this activity? In studying biodiversity, many students try to memorize each of the phyla and its characteristics. What […]

Case Solutions Input boxes in tan Output boxes in yellow Given data in blue Calculations in red Answers in green Input area: 2015 2016 Cost of goods sold 203,963$ 257,528$ Cash 29,429 31,267 Depreciation 57,576 65,076 Interest expense 12,530 14,345 […]

Variable costs per student = $48 (no change) Contribution margin per student = $52 (no change) Break even in units = $3,744/$52 = 72 students 62 = $3,744__ ( X – $48) 62 (X – 48) = 3,744 62X – […]

Notes to Instructors Chapter 31 Fungi What is the focus of this activity? What is this particular activity designed to do? Activity 31.1 How diverse are the fungi in form and function? This activity is designed to help students understand […]

6. In the corporate form of ownership, the shareholders are the owners of the firm. The shareholders elect the directors of the corporation, who in turn appoint the firm’s management. This separation of ownership from control in the corporate form […]

Chapter 5: Using Excel to Make Decisions at Current Designs Part 1 Data $250 per kayak $100 per kayak Finishing kit (seat, rudder, ropes, etc.) $170 per kayak $420 per kayak Selling and administrative expenses—variable $400 per kayak Selling and […]

Notes to Instructors Chapter 28 Protists What is the focus of this activity? This activity provides students with an overview of the early evolution of eukaryotic, single-celled organisms. The first eukaryotes appear in the fossil record around 2.1 billion What […]

CHAPTER 1 THE McGEE CAKE COMPANY 1. The advantages to an LLC are: 1) Reduction of personal liability. A sole proprietor has unlimited liability, which can include the potential loss of all personal assets. 2) Taxes. Forming an LLC may […]

CHAPTER 5 Cost-Volume-Profit ASSIGNMENT CLASSIFICATION TABLE Learning Objectives Questions Brief Exercises Do It! Exercises A Problems 1. Explain variable, fixed, and mixed costs and the relevant range. 1, 2, 3, 4, 5, 6 1, 2 1 1, 2, 3, 4, […]