Carver, Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning:
Units in process 700
Percent complete with respect to materials 50%
Percent complete with respect to conversion 40%
Units started into production during the month 23,000
Work in process, ending:
Units in process 200
Percent complete with respect to materials 80%
Percent complete with respect to conversion 40%
Required:
Using the weighted-average method, what are the equivalent units of productions for materials and for conversion cost?

Answer:

Equivalents units of production for materials: 23500 + (200×80%) = 23660

Equivalents units of production for conversion: 23500 + (200×40%) = 23580

Explanation:

Find the given attachment

Machinery purchased for $66,000 by Metlock Co. in 2016 was originally estimated to have a life of 8 years with a salvage value of $4,400 at the end of that time. Depreciation has been entered for 5 years on this basis. In 2021, it is determined that the total estimated life should be 10 years with a salvage value of $4,950 at the end of that time. Assume straight-line depreciation.

Required:
a. Prepare the entry to correct the prior year's depreciation, if necessary.
b. Prepare the entry to record depreciation for 2021.

Hill Manufacturing uses departmental cost driver rates to apply manufacturing overhead costs to products. Manufacturing overhead costs are applied on the basis of machine-hours in the Machining Department and on the basis of direct labor-hours in the Assembly Department. At the beginning of 2018, the following estimates were provided for the coming year:

Machining Assembly
Direct labor-hours 10,000 dlh 90,000 dlh
Machine-hours 100,000 mah 5,000 mh
Direct labor cost $ 80,000 $720,000
Manufacturing overhead costs $250,000 $360,000
The accounting records of the company show the following data for Job #846:

Machining Assembly
Direct labor-hours 50 dlh 120 dlh
Machine-hours 170 mh 10 mh
Direct material cost $2,700 $1,600
Direct labor cost $ 400 $ 900

Required:

a. Compute the manufacturing overhead allocation rate for each department.

b .Compute the total cost of Job #846

The Machining Department supervisor has been very pleased with this performance because actual expenditures for January–March have been less than the monthly static budget of $335,000. However, the plant manager believes that the budget should not remain fixed for every month but should "flex" or adjust to the volume of work that is produced in the Machining Department. Additional budget information for the Machining Department is as follows:
Wages per hour $15.00
Utility cost per direct labor hour $1.20
Direct labor hours per unit 0.75
Planned monthly unit production 100,000
Prepare a flexible budget for the actual units produced for January, February, and March in the Machining Department. Assume depreciation is a fixed cost. If required, use per unit amounts carried out to two decimal places. Enter all amounts as positive numbers.

The following information pertains to Xavier Corp. and its divisions for the year ended 12/31/20: Sales to unaffiliated customers $4,000,000 Intersegment sales of products similar to those sold to unaffiliated customers 900,000 Interest earned on loans to other operating segments 60,000 Xavier and all of its divisions are engaged solely in manufacturing operations. Xavier has a reportable segment if that segment's revenue exceeds a. $490,000 b. $406,000 c. $400,000 d. $496,000

Bob is a recognized french horn player. Bob has played for several major symphonies. Last year Bob went through bankruptcy and in order to pay his rent for a couple of months took out loans from a small bank - Avarice Bank - and pledged his french horn as collateral. He was unable to make the first payment on the loan so the bank was getting ready to take the french horn for non-payment. Bob approached the director of the Gilroy Philarmonic International Symphony - Joe - for help - asking him to guarantee payment so he does not lose his french horn. Joe agreed to guarantee the payment - partially because Bob is scheduled as the featured performer at the Classic Polka Festival in Gilroy which Joe manages. Joe called Avarice Bank and said if Bob could not pay, he would, and Avarice accepted his guaranty by phone. Bob played for the Polka Festival (it was very successful), but immediately after, left town and his whereabouts are unknown. Avarice has contacted Joe and indicated they have not collected from Bob and they expect Joe to pay the debt. Joe told Avarice they did not have anything in writing from him (though there are witnesses who heard Joe guarantee payment) and he believes he will not be liable for Bob's debt. Avarice has indicated it will file suit for payment against Joe. I
nstructions: Answer the following questions about this case:
Issue: What is the legal issue/dispute? (Be specific. Don’t just say Contract Law)
Decision: Who should prevail?
Support: Provide support for your decision. Describe what the law says about situations like this, and how it applies to this case.

Which of the following, indicate whether each statement about regional trade agreements is true or false. Statement True False

Under regional trade agreements, several countries eliminate tariffs among themselves and lower tariffs against all other countries.
Regional trade agreements contradict GATT’s most favored nation principle.
The countries in the European Union (EU) keep their own tariffs with the countries outside the EU.
A good imported into Mexico from China will not be granted duty-free access to the U.S. market if no value is added to this good in Mexico.
Rules of origin specify the types of goods that can be shipped duty-free within a free trade area.
Rules of origin specify the types of goods that can be shipped duty-free within a customs union.

considering a project that is equally as risky as the firm's current operations. The firm has a cost of equity of 15.4 percent and a pretax cost of debt of 8.9 percent. The debt-equity ratio is .46 and the tax rate is 21 percent. They are evaluating a project that will cost $60,000 and will cash inflows of $20,000, $30,000 and $40,000 respectively for the three years of the project. What is the net present value for this project?

Rene is the manager at an event and catering company. He has just received a request for proposal (RFP) for managing the City Arts Festival. The organization that managed the event and all event volunteers in past years has raised its rates considerably and the city can no longer afford to hire them. Rene would like to submit a proposal to manage the City Arts Festival. The proposal will be quite lengthy because the event draws over 200,000 people, spans three days, and has a large budget. Which type of proposal should Rene submit in this situation

What is the name of the Inca tot of stock market prices that averages 30 selected industrial stocks?
A. NYSE
B. S&P 500
C. NASDQ
D. Dow Jones

Suppose Chef City manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 32. Chef City projects sales of 650 ​10-inch skillets per month. The production costs are $ 10 per skillet for direct​ materials, $ 3 per skillet for direct​ labor, and $ 4 per skillet for manufacturing overhead. Chef City has 40 ​10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 30​% of the next​ month's sales. Selling and administrative expenses for this product line are $ 1 comma 600 per month. Chef City is budgeted to produce 805 skillets in July. Compute the total amount budgeted for product costs for July.

Company A sold merchandise with a list price of $4,200 and costing $2,300 on account to Company B.
The sale was subject to the following terms: FOB destination, 2/10, n/30.
Company A prepays the freight costs of $85 (debit Delivery Expense for the freight costs).
Prior to payment for the goods, Company A issues a credit memo for $750 to Company B for merchandise costing $425 that is returned.
Company A received payment from Company B within the discount period.
Company A uses a perpetual inventory system.

Which of the following statements is true about the amount Company A receives from Company B for the sale?

a. None of these answers are correct.
b. The invoice amount is greater than $3,500 and less than $3,600.
c. The invoice amount is greater than $3,400 and less than $3,500.
d. The invoice amount is greater than $3,300 and less than $3,400.
e. The invoice amount is greater than $2,700 and less than $2,800.
f. The invoice amount is greater than $3,100 and less than $3,200.
g. The invoice amount is greater than $2,900 and less than $3,000.
h. The invoice amount is greater than $3,000 and less than $3,100.
i. The invoice amount is greater than $3,200 and less than $3,300.
j. The invoice amount is greater than $2,800 and less than $2,900.

The Woods Co. and the Speith Co. have both announced IPOs at $63 per share. One of these is undervalued by $11, and the other is overvalued by $4, but you have no way of knowing which is which. You plan to buy 1,000 shares of each issue. If an issue is underpriced, it will be rationed, and only half your order will be filled. a. If you could get 1,000 shares in Woods and 1,000 shares in Speith, what would your profit be? (Do not round intermediate calculations.) b. What profit do you actually expect? (Do not round intermediate calculations.)

Doloris is a college sophomore. She is currently living in a dorm and signed a contract to pay the dorm fees for the full academic year (9 months). The contract states the if she moves out she can sell the remaining contract to another student. The cost of the dorm is $5000 for the year.
After two (2) months of living in the dorm Doloris found an apartment with her friends and really wants to move off-campus. Doloris put an ad in the Alligator and had two offers for her dorm contract buy out.
1) Pay Doloris $350 per month for the 7 remaining months.
2) Move in the second semester and pay half of the original dorm fee ($2,500).
Doloris's new apartment will cost $450 in rent. The cost for food in the dorm is $500 per month and about she estimates it is $400 in food and utility monthly expenses if she moves into the apartment.
Assume semesters are 4.5 months long.
Required:
1. What is the cost for Doloris to move into the apartment now?
2. What is the cost for Doloris to move at the end of the semester?
3. What is the cost for Doloris to stay in the dorm for the rest of the school year?
4. Which is the most economical option for Doloris?

Suppose Mattel, the producer of Barbie dolls and accessories (sold separately), has two types of consumers who purchase its dolls: low-value consumers and high-value consumers. Each of the low-value consumers tends to purchase one doll and one accessory, with a total willingness to pay of $64. Each of the high-value consumers buys one doll and two accessories and is willing to pay $125 in total.

Mattel is currently considering two pricing strategies:

• Strategy 1: Sell each doll for $32 and each accessory for $32
• Strategy 2: Sell each doll for $3 and each accessory for $61
In the following table, indicate the revenue for a low-value and a high-value customer under strategy 1 and strategy 2. Then, assuming each strategy is applied to one low-value and one high-value customer, indicate the total revenue for each strategy.

Revenue from Low-Value Customers

Revenue from High-Value Customers

Total Revenue from Strategy

$64 Value, 1 Accessory

$125 Value, 2 Accessories

($)

($)

($)

Strategy 1
$32 doll + $32 accessory
Strategy 2
$3 doll + $61 accessory
The strategy that generates the most revenue is strategy ?

From the information given below construct a cash budget for five months period starting form May 20X1 till September. MONTH AND YEAR PROJECTED SALES April 20X1 $ 140,000 May 20X1 130,000 June 20X1 90,000 July 20X1 65,000 August 20X1 84,000 September 20X1 95,000 October 20X1 160,000 November 20X1 200,000 December 20X1 240,000 January 20X2 190,000 Total payments 34,700 30,400 41,500 59,000 88,500 110,000 Additional information: a) Assume that minimum cash balance as $ 10,000 and same balance has to be maintained throughout the planning period. b) 100 % percent of sales are credit basis. 80 percent of the accounts receivables are collected in one month, 10 percent during the second month of sale, 5 percent during the second month of sale and remaining during the fourth month of sale.

Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. Assume that fixed interest rates are used throughout this question. Heather deposited $1,700 at her local credit union in a savings account at the rate of 9.8% paid as simple interest. She will earn interest once a year for the next 13 years. If she were to make no additional deposits or withdrawals, how much money would the credit union owe Heather in 13 years? $1,882.93 $3,865.80 $266.60 $5,731.65

A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $300 per day. Assume that the additional vehicle would be capable of delivering 1,500 packages per day and that each package that is delivered brings in $0.30 in revenue. Also assume that adding the delivery vehicle would not affect any other costs.
Required:
a) What are the MRP and MRC?
b) Now suppose that the cost of renting a vehicle doubles to $600 per day. What are the MRP and MRC?
Should the firm add a delivery vehicle under these circumstances? Yes/No

Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received a $22,000 bill from her accountant for consulting services related to her small business. Reese can pay the $22,000 bill anytime before January 30 of next year without penalty. Assume Reese’s marginal tax rate is 32 percent this year and will be 37 percent next year, and that she can earn an after-tax rate of return of 6 percent on her investments. a. What is the after-tax cost if she pays the $22,000 bill in December?

Businesses, individuals, and governments often need to raise capital, while others have surplus funds. In a well-functioning economy, capital flows efficiently from those with surplus capital to those who need it. Transfers can take place in 3 ways (indirect, direct) transfers without going through any type of financial institution, (indirect, direct) transfers through investment banks that underwrite the securities, and indirect transfers through financial (agencies, intermediaries, funds) that create new forms of capital.

A 3-year interest rate swap has a level notional amount of $300,000. Each settlement period is one year and the variable rate is the one-year spot interest rate at the beginning of the settlement period. The current spot rate is determined by the following prices for zero-coupon bonds with $1 face amount:

Time of Maturity 1 Year 2 Year 3 Year 4 Year 5 Year
Price 0.97 0.93 0.88 0.82 0.75

Required:
a. Calculate the swap rate.
b. Caleulate the net swap payment at the end of the first year.
c. One year has elapsed and the one-year spot interest rate at the start of year 2 is 4.45%. Calculate the net swap payment at the end of the second year for the payer.
d. Two years have elapsed and the one-year spot interest rate at the start of year three is 5.25 Calculate the market value of the swap.

Escents, a body lotion manufacturer from Canada, negotiated a contract with a shea butter company in Mali, Africa, to supply 40% of the needed shea butter for its products. The negotiations ended, and the process of moving shea butter supplies across Mali to the coast for shipping began. Along the way, there were delays because trucks would be stopped by washed-out roads or faulty bridges. What challenge did Escents discover with working in a less-developed country like Mali

On January 1, 2019 Powell Corporation issued $800,000, 5%, 5 year bonds dated January 1, 2019 at 95. The bonds pay annual interest on January 1. The company uses the straight-line method of amortization and has a calendar year end. Prepare the following journal entries that Powell Company would make related to this bond issue: Date of issue: January 1, 2019 Interest Expense Accrual: December 31, 2019 Interest Payment: January 1, 2020 Redemption of bonds at maturity January 1, 2024

With milk sales sagging of late, The Milk Processor Education Program (MPEP) decided to move on from the famous "Got Milk" ad slogan in favor of a new one, "Milk Life." The new tagline emphasizes milk's nutritional benefits, including its protein content.
MPEP began collecting data on the number of gallons of milk households consumed weekly (in millions), weekly price per gallon, and weekly expenditures on milk advertising (in hundreds of dollars) for the period following the launch of the new campaign. These data, in forms to estimate both a linear model and log-linear model, are available via the link below. Use these data to perform two regressions; a linear regression and a log-linear regression.
Suppose that the weekly price of milk is $3.40 per gallon and MPEP decides to ramp up weekly advertising by 35 percent to $150 (in hundreds). Use the best-fitting regression model to estimate the weekly quantity of milk consumed after this advertising increase.

Linear Model Log-Linear Model
Q P A lnQ lnP lnA
4.76 2.46 472.68 1.56 0.90 6.16
0.90 4.28 326.41 -0.10 1.45 5.79
1.74 3.72 357.36 0.55 1.31 5.88
0.96 4.20 475.82 -0.04 1.43 6.17
2.38 4.14 494.25 0.87 1.42 6.20
1.28 4.59 458.62 0.25 1.52 6.13
2.86 3.30 421.67 1.05 1.19 6.04
1.87 4.34 534.85 0.63 1.47 6.28
2.19 3.31 524.75 0.78 1.20 6.26
1.38 3.35 370.35 0.32 1.21 5.91
0.21 4.53 420.16 -1.54 1.51 6.04
3.55 2.63 333.79 1.27 0.97 5.81
2.44 4.40 437.32 0.89 1.48 6.08
1.94 4.36 442.70 0.66 1.47 6.09
2.50 3.24 375.67 0.91 1.18 5.93
2.92 3.45 546.36 1.07 1.24 6.30
4.94 2.97 391.17 1.60 1.09 5.97
2.14 3.22 498.00 0.76 1.17 6.21
3.89 3.34 530.17 1.36 1.20 6.27
6.91 2.24 527.36 1.93 0.81 6.27
3.41 4.04 440.93 1.23 1.40 6.09
1.16 4.10 480.35 0.15 1.41 6.17
1.60 3.99 404.91 0.47 1.38 6.00
4.09 3.22 512.00 1.41 1.17 6.24
2.69 2.98 346.29 0.99 1.09 5.85
2.41 4.30 383.47 0.88 1.46 5.95
2.25 2.84 434.26 0.81 1.04 6.07
2.48 3.96 548.37 0.91 1.38 6.31
3.79 2.49 357.71 1.33 0.91 5.88
3.33 3.29 445.73 1.20 1.19 6.10
2.61 4.02 524.55 0.96 1.39 6.26
2.40 4.05 487.87 0.88 1.40 6.19
3.92 2.46 343.13 1.37 0.90 5.84
3.42 3.45 353.81 1.23 1.24 5.87
0.80 3.40 334.47 -0.23 1.22 5.81
5.79 2.95 330.57 1.76 1.08 5.80
3.58 2.69 363.91 1.28 0.99 5.90
1.58 3.79 383.71 0.46 1.33 5.95
1.14 3.37 430.37 0.13 1.21 6.06
1.04 4.64 501.84 0.04 1.54 6.22
4.88 2.66 447.12 1.59 0.98 6.10
4.31 2.25 404.38 1.46 0.81 6.00
2.23 3.94 449.29 0.80 1.37 6.11
1.38 4.42 327.99 0.32 1.49 5.79
1.62 3.13 332.39 0.49 1.14 5.81
1.38 4.45 450.16 0.33 1.49 6.11
6.20 2.38 467.40 1.82 0.87 6.15
4.17 3.69 528.60 1.43 1.31 6.27
4.08 4.02 533.73 1.41 1.39 6.28
0.08 4.30 355.81 -2.55 1.46 5.87
3.82 2.80 462.42 1.34 1.03 6.14
1.17 4.51 549.78 0.16 1.51 6.31
3.26 2.42 366.63 1.18 0.88 5.90
2.44 4.37 429.74 0.89 1.47 6.06
4.16 2.53 399.57 1.42 0.93 5.99
2.63 3.63 521.95 0.97 1.29 6.26
4.94 2.80 356.59 1.60 1.03 5.88
1.84 4.36 416.24 0.61 1.47 6.03
4.71 3.12 435.99 1.55 1.14 6.08
6.46 2.40 464.62 1.87 0.87 6.14
2.79 3.51 353.37 1.03 1.25 5.87
4.09 3.07 425.12 1.41 1.12 6.05
4.76 2.32 481.72 1.56 0.84 6.18
3.05 3.45 376.30 1.12 1.24 5.93
0.87 4.44 536.86 -0.13 1.49 6.29
3.12 2.50 493.52 1.14 0.92 6.20
1.34 3.11 454.69 0.29 1.13 6.12
1.93 3.24 487.07 0.66 1.17 6.19
1.64 2.87 461.69 0.50 1.05 6.13
4.39 2.97 410.84 1.48 1.09 6.02
5.76 2.33 480.66 1.75 0.84 6.18
4.40 2.82 381.62 1.48 1.04 5.94
6.22 3.14 456.97 1.83 1.14 6.12
1.10 3.89 461.39 0.09 1.36 6.13
4.12 2.67 430.43 1.42 0.98 6.06
5.40 2.73 438.53 1.69 1.01 6.08
2.75 4.52 336.00 1.01 1.51 5.82
5.12 2.28 519.90 1.63 0.83 6.25
3.94 3.25 536.25 1.37 1.18 6.28
5.69 2.18 439.75 1.74 0.78 6.09
0.44 4.27 352.57 -0.82 1.45 5.87
1.89 3.62 397.69 0.64 1.29 5.99
4.02 3.32 345.17 1.39 1.20 5.84
3.70 3.43 507.56 1.31 1.23 6.23
3.26 2.43 330.67 1.18 0.89 5.80
2.98 2.97 433.20 1.09 1.09 6.07
2.09 4.32 462.14 0.74 1.46 6.14
5.68 2.25 515.33 1.74 0.81 6.24
4.33 2.65 508.14 1.47 0.98 6.23
4.97 3.63 510.41 1.60 1.29 6.24
2.89 3.60 343.16 1.06 1.28 5.84
2.25 3.37 365.82 0.81 1.22 5.90
0.17 3.77 425.56 -1.79 1.33 6.05
3.96 2.87 347.36 1.38 1.06 5.85
4.08 2.97 326.06 1.40 1.09 5.79
3.49 3.94 527.12 1.25 1.37 6.27
4.21 4.10 475.28 1.44 1.41 6.16
2.25 4.09 475.69 0.81 1.41 6.16
2.40 3.93 536.42 0.88 1.37 6.28
1.61 4.10 325.89 0.48 1.41 5.79

The following transactions involving intangible assets of Minton Corporation occurred on or near December 31, 2017. 1. Minton paid Grand Company $400,000 for the exclusive right to market a particular product, using the Grand name and logo in promotional material. The franchise runs for as long as Minton is in business. 2. Minton spent $600,000 developing a new manufacturing process. It has applied for a patent, and it believes that its application will be successful. 3. In January, 2018, Minton's application for a patent (#2 above) was granted. Legal and registration costs incurred were $180,000. The patent runs for 20 years. The manufacturing process will be useful to Minton for 10 years.Minton incurred $140,000 in successfully defending one of its patents in an infringement suit. The patent expires during December, 2021.Minton incurred $480,000 in an unsuccessful patent defense. As a result of the adverse verdict, the patent, with a remaining unamortized cost of $252,000, is deemed worthless.Minton paid Sneed Laboratories $104,000 for research and development work performed by Sneed under contract for Minton. The benefits are expected to last six years.A. Prepare journal entry (ies) for on the date of transaction.B. Prepare journal entry (ies) for on December 31, 2018 to record any resultant amortization:

In recent years, banks have encouraged their customers to save by giving incentives to join programs that automatically transfer money from checking accounts to savings accounts. For example, a bank might offer to round debit transactions to the nearest dollar, transferring the change to one's savings account, and then boost this amount with a match of a certain amount. Although these programs were intended to encourage customers to save, some economists are not very enthusiastic about these programs. Which of these describe why the economists would be concerned? a. Economists fear that saving money would trigger consumers to spend more in the near future. b. The program was offered during an expansionary time period; consumers were not worried about saving their money. c. Some economists believe the automatic transfers could lead to overdrafts. d. Economists believe consumers would not be willing to transfer the money from their checking account to their savings account.

Dickson Co. has asked you to help the select a backhoe. You have a choice between a wheel-mounted version which costs $50,000 and has a life of 5 yrs with a salvage value of $3,000 or a track mounted version which costs $80,000 and has a life of 8 yrs with a salvage value of $5,000. Both machines will have the same productivity and operating costs. If the MARR is 10% which machine will you recommend?

Joe has just moved to a small town with only one golf​ course, the Northlands Golf Club. His inverse demand function is pequals200minus2​q, where q is the number of rounds of golf that he plays per year. The manager of the Northlands Club negotiates separately with each person who joins the club and can therefore charge individual prices. This manager has a good idea of what​ Joe's demand curve is and offers Joe a special​ deal, where Joe pays an annual membership fee and can play as many rounds as he wants at ​$40​, which is the marginal cost his round imposes on the Club. What membership fee would maximize profit for the​ Club? The manager could have charged Joe a single price per round. How much extra profit does the Club earn by using​ two-part pricing? The​ profit-maximizing membership fee​ (F) is ​$ nothing. ​(Enter your response as a whole​ number.)

Carns Company is considering eliminating its small tools division, which reported an operating loss for the recent year of $85,000. Division sales for the year were $1,310,000 and its variable costs were $1,175,000. The fixed costs of the division were $220,000. If the kitchen division is dropped, 45% of the fixed costs allocated it could be eliminated. The impact on Carns’s operating income from eliminating the small tools division would be:

On December 31, 2021, Wildhorse, Inc. leased machinery with a fair value of $1,425,000 from Cey Rentals Co. The agreement is a 6-year noncancelable lease requiring annual payments of $270,000 beginning December 31, 2021. The lease is appropriately accounted for by Wildhorse as a finance lease. Wildhorse’s incremental borrowing rate is 11%. Wildhorse knows the interest rate implicit in the lease payments is 10%. The present value of an annuity due of 1 for 6 years at 10% is 4.7908. The present value of an annuity due of 1 for 6 years at 11% is 4.69590.In its December 31, 2021 balance sheet, Wildhorse should report a lease liability of:_______

The following information is available for Ramos Corporation for the year ended December 31, 2014.Beginning cash balance $ 79,425Accounts payable decrease 6,531Depreciation expense 285,930Accounts receivable increase 14,473Inventory increase 19,415Net income 501,437Cash received for sale of land at book value 61,775Cash dividends paid 21,180Income taxes payable increase 8,296Cash used to purchase building 510,085Cash used to purchase treasury stock 45,890Cash received from issuing bonds 353,000Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)