Federico and Giulia are two students who majored in foreign languages and who have recently been hired by a company that translates documents. Each of them can spend their days translating documents from English to Italian or Spanish. If Federico spends all his day translating documents to Italian with no Spanish, he can translate 10 documents, and if he spends all his day translating documents to Spanish with no Italian, he can translate 8 documents. If Giulia spends all her day translating documents to Italian with no Spanish, she can translate 8 documents, and if she spends all her day translating documents to Spanish with no Italian, she can translate 20 documents. (a) The company requires its workers to translate 4 documents to Italian and 6 documents to Spanish in a day. Is this feasible for Federico? How about Giulia? (b) Federico and Julia agree to trade documents. Who should specialize in translating documents to Italian if they trade? And who should specialize in translating documents to Spanish if they trade? (c) What is the lowest price of translating a document to Italian (in terms of documents translated to Spanish) that will allow trade to occur? What is the highest price? (Hint: the seller of Italian translations wants high prices and the buyer wants low prices, and both must agree in order for trade to occur.)

Employees of dti, inc. worked 1,600 direct labor hours in january and 1,000 direct labor hours in february. dti expects to use 18,000 direct labor hours during the year, and expects to incur $22,500 of worker’s compensation insurance cost for the year. the cash payment for this cost will be paid in april. how much insurance premium should be allocated to products made in january and february?

Pettijohn inc. the balance sheet and income statement shown below are for pettijohn inc. note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. balance sheet (millions of $) assets 2016 cash and securities $ 1,554.0 accounts receivable 9,660.0 inventories 13,440.0 total current assets $24,654.0 net plant and equipment 17,346.0 total assets $42,000.0 liabilities and equity accounts payable $ 7,980.0 notes payable 5,880.0 accruals 4,620.0 total current liabilities $18,480.0 long-term bonds 10,920.0 total debt $29,400.0 common stock 3,360.0 retained earnings 9,240.0 total common equity $12,600.0 total liabilities and equity $42,000.0 income statement (millions of $) 2016 net sales $58,800.0 operating costs except depr'n $54,978.0 depreciation $ 1,029.0 earnings bef int and taxes (ebit) $ 2,793.0 less interest 1,050.0 earnings before taxes (ebt) $ 1,743.0 taxes $ 610.1 net income $ 1,133.0 other data: shares outstanding (millions) 175.00 common dividends $ 509.83 int rate on notes payable 1. what is the firm's current ratio? (points : 6) 0.97 1.08 1.20 1.33 2. what is the firm's quick ratio? (points : 6) 0.49 0.61 0.73 0.87 3. what is the firm's total assets turnover? (points : 6) 0.90 1.12 1.40 1.68 4. what is the firm's inventory turnover ratio? (points : 6) 4.38 4.59 4.82 5.06 5. what is the firm's debt ratio? (points : 6) 45.93% 51.03% 56.70% 70.00% 6. what is the firm's roa? (points : 6) 2.70% 2.97% 3.26% 3.59% 7. what is the firm's roe? (points : 6) 8.54% 8.99% 9.44% 9.91%

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.