20 Points
Describe the educational background or training necessary for your chosen career (Doctor).

The path to becoming a doctor begins with a bachelor's degree program. There is relative flexibility in the subject studied, but undergraduate schooling for doctors should include a pre-med focus, which ensures that necessary science-based core curriculum is coveLred prior to the candidate's progression to medical school. These programs typically have a heavy focus on biology and chemistry, with plenty of physics, math and English courses to prepare a student to apply to med school.

The Medical College Admission Test (MCAT) is a multiple choice exam taken before admission into medical school. The MCAT tests an aspiring doctor's knowledge of the physical and biological sciences and verbal reasoning and writing skills. The test is computerized and it takes approximately five hours to complete.

Doctor education and training continues with medical school. The initial two years are spent in classrooms and laboratories, where students take the necessary courses to prepare them for diagnosing and treating patients. During the second year of doctors' education, students must pass the first of a series of the United States Medical Licensing Examinations, referred to as 'The Boards', which are administered by the National Board of Medical Examiners. During the second half of medical doctor training, prospective doctors practice under the tutelage of attending physicians to learn the realities of practicing medicine. During their fourth year of medical school and first year of residency training, doctors take their remaining medical licensing examinations.

In their fourth year of medical school, candidates are paired with a residency training program in a rite of passage called 'Match Day.' Depending upon his or her specialty, a candidate may spend between three and seven years in residency at a medical facility. Beyond taking classes to become a doctor, this gives them on-the-job experience. They work under the direct supervision of an attending physician and focus on practical training in general medicine and their chosen specialty.

In order to become a doctor, a candidate must obtain a license to practice medicine. Requirements for medical licensing differ from state to state and all states issue their own licenses based on state regulations. Licensing generally requires completing medical school and successfully passing all medical licensing examinations.  How many years does it take to become a doctor? It usually takes between 11 and 15 years to meet all the education and training requirements. This includes an undergraduate degree, medical school, and a residency. Once a prospective doctor finishes all the necessary education and physician training, they should see a number of job opportunities, as job growth is expected to rise 13% from 2016-2026 and a rewarding salary should also be anticipated.

True or false? if false explain. An internally held public debt is like a debt of the left hand owed to the right hand.

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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 146 Units in beginning inventory 0 Units produced 2,470 Units sold 2,040 Units in ending inventory 430 Variable costs per unit: Direct materials $ 50 Direct labor $ 20 Variable manufacturing overhead $ 11 Variable selling and administrative expense $ 19 Fixed costs: Fixed manufacturing overhead $ 69,160 Fixed selling and administrative expense $ 20,400 The total gross margin for the month under absorption costing is:

Hexon Printing Company projected the following information for next year: Selling price per unit $80 Contribution margin per unit $40 Total fixed costs $120,000 Tax rate 40% How many units must be sold to obtain an after-tax profit of $60,000

R&D Technology Corporation just paid a dividend of $0.50 per share. Analysts expect its dividend to grow at 24 percent per year for the next two years and then 8 percent per year thereafter. If the required rate of return in the stock is 16 percent, calculate the current value of the stock.

1. The difference between contribution margin and income from operations is___.
a. net income.
b. variable costs.
c. fixed costs.
d. one of these choices are correct.
2. A company's operating leverage is computed as:____.
a. contribution margin divided by income from operations.
b. profit margin divided by net income.
c. revenue divided by expenses.
d. none of these choices are correct.
3. The __________ is the relative distribution of sales among the products sold by a company.
a. sales mix.
b. mixed cost.
c. product mix.
d. none of these choices are correct.
4. The unit selling price of the overall enterprise product equals the____.
a. average selling price of the products.
b. price of the highest-selling product in the mix.
c. sum of the unit selling prices of each product multiplied by its sales mix percentage.
d. price of the product with the lowest selling price.

The cost of leather used to produce leather jackets falls by 30%. This will result in ________.
a. a decrease in demand.
b. an increase in the quantity demanded.
c. an increase in demand.

On December 18, Intel receives $249,000 from a customer toward a cash sale of $2.49 million for computer chips to be completed on January 23. The computer chips had a total production cost of $1.49 million. What journal entries should Intel record on December 18 and January 23

Skysong, Inc. has the following inventory data: July 1 Beginning inventory 30 units at $19 $570 7 Purchases 105 units at $20 2100 22 Purchases 15 units at $22 330 $3000 A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the average cost method, the value of ending inventory is

On March 14, Zest Co. accepted a 120-day, 6% note in the amount of $5,000 from AZC Co., a customer. On the due date of the note, AZC dishonors the note and fails to pay. The journal entry that Zest would make to record the failure to pay this note on the due date would include a debit to:____.
A. Notes Receivable for $5,000.
B. Accounts Receivable - AZC for $5,000.
C. Cash for $5,000.
D. Cash for $5,100.
E. Accounts Receivable - AZC for $5,100.
F. Notes Receivable for $5,100.

Tobias has a brokerage account and buys on the margin, which resulted in an interest expense of $52,000 during the year. Income generated through the brokerage account was as follows: Municipal interest $104,000 Taxable dividends and interest 520,000 If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar. How much investment interest can Tobias deduct

Nation Furniture is a furniture manufacturing facility. Its workers just signed a two-year contract. The price level in the economy has increased.
a. If the price level increases, input prices will:_____.
a) increase.
b) decrease.
c) remain constant.
b. If the price level increases, output prices will:___.
a) increase.
b) decrease.
c) remain constant.
c. In the short run, the firm will experience a(n):______.
a) increase in economic profits.
b) decrease in economic profits.
c) increase in economic loesses.

Suppose ABCD's stock price is currently $50. In the next six months, it will either fall to $40 or rise 8 to $60. What is the current value of a six-month call option with an exercise price of $50? The six- month risk-free interest rate is 2% (periodic rate).
A. $5.39
B. $15.00
C. $8.25
D. $8.09

All of the following are examples of batch-level activities EXCEPT: a. clerical activity associated with processing purchase orders to produce an order for a standard product. b. purchase order processing. c. setting up equipment. d. worker recreational facilities.

Carlise Corp., which manufactures ceiling fans, currently has two product lines, the Indoor and the Outdoor. Carlise has total overhead of $136,612.
Carlise has identified the following information about its overhead activity cost pools and the two product lines:
Activity Cost Pools Cost Driver Cost Assigned to Pool Quantity/Amount
Consumed by Indoor Line Quantity/Amount
Consumed by Outdoor Line
Materials handling Number of moves $ 18,661 560 moves 430 moves
Quality control Number of inspections $ 76,590 6,000 inspections 5,100 inspections
Machine maintenance Number of machine hours $ 41,360 22,000 machine hours 25,000 machine hours
Required:
1. Suppose Carlise used a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.)
Overhead Assigned
Indoor Model ?
Outdoor Model ?
Total ?
2. Calculate the activity proportions for each cost pool in Carlise's ABC system. (Round your answers to 2 decimal places.
Activity Proportions
Indoor Line
Outdoor Line
Materials Handling % ? % ? per Move
Quality Control % ? % ? per Inspection
Maintenance % ? % ? per Machine hour
3. Calculate the amount of overhead that Carlise will assign to the Indoor line if it uses an ABC system.(Round your intermediate calculations to 2 decimal places and round your final answers to the nearest whole dollar amount.)
Indoor Model
Materials Handling ?
Quality Control ?
Maintenance ?
Total Overhead Assigned ?

Accounts receivable financing (LO1) Charmin Paper Company sells to the 12 accounts listed next.
Account Receivable Balance Outstanding Average Age of
the Account over the Last Year
A $ 60,800 22
B 168,000 43
C 78,300 19
D 24,300 55
E 58,900 42
F 238,000 39
G 30,400 16
H 374,000 72
I 41,400 32
J 96,500 58
K 292,000 17
L 67,700 37
Capital Financial Corporation will lend 90 percent against account balances that have averaged 30 days or less, 80 percent for account balances between 31 and 40 days, and 70 percent for account balances between 41 and 45 days. Customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. The current prime rate is 9.50 percent, and Capital charges 3.50 percent over prime to Charming as its annual loan rate.
a. Determine the maximum loan for which Charmin Paper Company could qualify.
b. Determine how much one month’s interest expense would be on the loan balance determined in part a.

M. Poirot wishes to sell a bond that has a face value of $1,000. The bond bears an interest rate of 11.28% with bond interest payable semiannually. Six years ago, $979 was paid for the bond. At least a 12% return (yield) on the investment is desired. The minimum selling price must be: Enter your answer as follow: 1234.56

A job order costing system does which of the following? Select one: A. Is used to determine period costs in a service company B. Is used to determine unit costs when products are manufactured in a continuous flow process C. Allocates manufacturing costs to individual jobs to determine unit costs D. Both A and B E. None of the above

The debits to Work in ProcessâAssembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $ 7,441 Conversion costs, 3,000 units, 40% completed 5,477 Materials added during April, 10,000 units 27,805 Conversion costs during April 32,363 Goods finished during April, 12,000 units 0 April 30 work in process, 1,000 units, 40% completed 0 All direct materials are added at the beginning of the process, and the first-in, first-out method is used to cost inventories. The conversion cost per equivalent unit for April is
a.$2.81
b.$2.49
c.$2.89
d.$3.24

Peterson Photoshop sold $2,700 in gift cards on a special promotion on October 15, 2021, and sold $4,050 in gift cards on another special promotion on November 15, 2021. Of the cards sold in October, $270 were redeemed in October, $675 in November, in November, and $330 in December. Of the cards sold in November, $165 were redeemed in November and $385 were redeemed in December. Peterson views the probability of redemption of a gift card as remote if the card has not been redeemed within two months.

At 12/31/2016, Peterson would show a deferred revenue account for the gift cards with a balance of: ____________

a. $1,650.
b. $0.
c. $1,100.
d. $1,485.

When preparing the operating activities section of the statement of cash flows using the direct method, revenues and gains with no cash inflows are added back to net income. True or False 16

At the beginning of last year an investor purchased ABC Corporation at $100 per share. During the year, the firm made a 4 for 1 split, and then paid dividends of $1.50 per share. At the end of the year, the investor sold the shares at $26 per share. What is the rate of return?

Oriental Foods Inc. is a multinational food and beverage company. Its product labels focus on being foods that are easy to make in 5 minutes or less for a complete meal that's great for lunch or a snack. In this case, Oriental Foods is using _______.

Firm X is considering the replacement of an old machine with one that has a purchase price of $70,000. The current market value of the old machine is $18,000 but the book value is $32,000. The firm's tax rate is 30%. What is the net cash outflow for the new machine after considering the sale of the old machine? Disregard the effect of depreciation of the new machine if acquired.
A. $47,800
B. $70,000
C. $52,000
D. $40,100 20.

TCost-908 Car Mechanic Inc. uses a job-order costing system. The company applies all of its overhead costs to jobs using a predetermined overhead rate based on direct labor-hours. At the beginning of the year, it made the following estimates: Direct labor-hours required to support estimated output 22,000 Fixed overhead cost $ 253,000 Variable overhead cost per direct labor-hour $ 1.00 During the year, a customer brought in her car for repairs. The following information was available with respect to the car's repairs: Direct materials $ 703 Direct labor cost $ 317 Direct labor-hours used 8 If TCost-908 sets its selling prices by adding a markup percentage of 40% of its total job cost, then how much would the company have charged this customer for her car's repairs?

the ness company sells $5,000,000 of five-year, 10% bonds at the start of the year. the bonds have an effective yield of 9%. present value factors are below: The amount of bond premium amortization for Year 2 is:

Relevant Range and Fixed and Variable Costs
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 61,600 to 100,800 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Components produced 61,600 79,200 100,800
Total costs:
Total variable costs . . . . . . . . . $19,712 (d) (j)
Total fixed costs . . . . . . . . . . . . 22,176 (e) (k)
Total costs . . . . . . . . . . . . . . . . . $41,888 (f) (l)
Cost per unit:
Variable cost per unit . . . . . . . (a) (g) (m)
Fixed cost per unit . . . . . . . . . . (b) (h) (n)
Total cost per unit . . . . . . . . . . (c) (i) (o)
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Cost Report
Components produced 61,600 79,200 100,800
Total costs:
Total variable costs $19,712 (d) $ (j) $
Total fixed costs 22,176 (e) (k)
Total costs $41,888 (f) $ (l) $
Cost per Unit
Variable cost per unit (a) $ (g) $ (m) $
Fixed cost per unit (b) (h) (n)
Total cost per unit (c) $ (i) $ (o) $

If a consumer is always indifferent between an additional one grapefruit or an additional two oranges, then when oranges are on the horizontal axis the indifference curves: Group of answer choices will be straight lines with a slope of 1/2. will be straight lines with a slope of -1. will be right angles whose corners occur on a ray from the origin with a slope of 2. none of these options is correct. will be straight lines with a slope of -1/2.

Common property resources like fish stocks in open waters tend to be overutilized because :________.
A. the marginal social cost is always equal to the private marginal cost.
B. the marginal social cost is less than the private marginal cost.
C. the marginal social cost is greater than the private marginal cost.
D. none of the above.

You feel that you will need $2.2 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.2 percent compounded monthly and plan to save $305 per month until you reach your goal. How many years will it be until you reach your goal and retire