Lockheed martin corporation (nyse: lmt; bethesda, md) describes itself as “a global security and aerospace company principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services,” with its principal customers being agencies of the u. s. government. on the next two pages are lockheed martin’s consolidated statements of earnings, comprehensive income, and balance sheets, along with the long-term debt footnote, excerpted from the its 2014 10-k. (you will not need to supplement with outside sources of company data in order to answer the questions.) 1. what is the principal or face value of lockheed martin’s long-term debt? 2. (a) to what covenant(s) is lockheed martin subject under the terms of their revolving credit facility? (b) how is the covenant ratio described differently from what we might compute as part of the roe decomposition? 3. the footnote states that “in april 2013, [lockheed martin] repaid $150 million of long-term notes with a fixed interest rate of 7.38% due to their scheduled maturities.” at the time of repayment, did the net carrying value of these long-term notes reflect at a premium, a discount, or par value? explain. 4. has lockheed martin’s solvency improved or deteriorated in 2014 relative to 2013? explain your response, and identify the primary cause for that change.

What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience

Zachary company produces commercial gardening equipment. since production is highly automated, the company allocates its overhead costs to product lines using activity-based costing. the costs and cost drivers associated with the four overhead activity cost pools follow: activities unit level batch level product level facility level cost $ 64,800 $ 27,730 $ 15,000 $ 154,000 cost driver 2,400 labor hrs. 47 setups percentage of use 11,000 units production of 780 sets of cutting shears, one of the company’s 20 products, took 240 labor hours and 7 setups and consumed 15 percent of the product-sustaining activities. required: (a) had the company used labor hours as a company wide allocation base, how much overhead would it have allocated to the cutting shears? (b) how much overhead is allocated to the cutting shears using activity-based costing? (c) compute the overhead cost per unit for cutting shears first using activity-based costing and then using direct labor hours for allocation if 780 units are produced. if direct product costs are $150 and the product is priced at 30 percent above cost for what price would the product sell under each allocation system? (d) assuming that activity-based costing provides a more accurate estimate of cost, indicate whether the cutting shears would be over- or underpriced if direct labor hours are used as an allocation base. explain how over-or undercosting can affect vaulker's profitability. (e) comment on the validity of using the allocated facility-level cost in the pricing decision. should other costs be considered in a cost- plus pricing decision? if so, which ones? what costs would you include if you were trying to decide whether to accept a special order?

Which of the following would classify as a general education requirement