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6/12/2016 Chapter 7 Homework (19) diego merisma Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (1-9) 1. instructions | help value: 1.25 points Exercise 7-1 Schedule of Expected Cash Collections [LO7-2] Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below: Budgeted sales (all on account) April $450,000 May $650,000 June $250,000 Total $1,350,000 From past experience, the company has learned that 25% of a month's sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 15% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $380,000, and March sales totaled $410,000. Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. Silver Company Schedule of Expected Cash Collections April May June Total February sales March sales April sales May sales June sales Total cash collections 2. Assume that the company will prepare a budgeted balance sheet as of June 30. Compute the accounts receivable as of that date. Silver Company Accounts receivable at June 30 May sales June sales Total accounts receivable at June 30 http://ezto.mheducation.com/hm.tpx?_=0.663089982534553_1465756360406 1/2 6/12/2016 Chapter 7 Homework (19) Hints References eBook & Resources Hint #1 Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx?_=0.663089982534553_1465756360406 2/2 6/12/2016 Chapter 7 Homework (19) diego merisma Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (1-9) 2. instructions | help value: 1.00 points Exercise 7-2 Production Budget [LO7-3] Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May June July Sales in Units 70,000 85,000 110,000 90,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that endofmonth inventory levels must equal 15% of the following month's sales. The inventory at the end of March was 10,500 units. Required: Prepare a production budget for the second quarter in your budget, show the number of units to be produced each month and for the quarter in total. Down Under Products, Ltd., Production Budget April May June Quarter Budgeted units sales Total needs Required production in units Hints References eBook & Resources Hint #1 Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 1/1 6/12/2016 Chapter 7 Homework (19) diego merisma Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (1-9) 3. instructions | help value: 1.25 points Exercise 7-3 Direct Materials Budget [LO7-4] Two grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western Siberia. The cost of the musk oil is $1.80 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: Budgeted production, in bottles Year 2 First Second Third Fourth 80,000 110,000 170,000 120,000 Year 3 First 90,000 Musk oil has become so popular as a perfume ingredient that it has become necessary to carry large inventories as a precaution against stockouts. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 32,000 grams of musk oil will be on hand to start the first quarter of Year 2. Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. (Round "Unit cost of raw materials" answers to 2 decimal places.) rev: 03_10_2015_QC_CS10012, 06_17_2015_QC_CS17817, 06_22_2015_QC_CS17817 Hints References eBook & Resources Hint #1 Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 1/1 6/12/2016 Chapter 7 Homework (19) diego merisma Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (1-9) 4. instructions | help value: 1.25 points Exercise 7-4 Direct Labor Budget [LO7-5] The production manager of Rordan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 9,600 7,500 7,800 10,100 Each unit requires 0.65 direct laborhours, and direct laborers are paid $10.00 per hour. Required: 1. Complete the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Rordan Corporation Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Required production in units Direct labor time per unit (hours) Total direct laborhours needed Direct labor cost per hour Total direct labor cost 2. Complete the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 6,000 hours of work each quarter. If the number of required direct laborhours is less than this number, the workers are paid for 6,000 hours anyway. Any hours worked in excess of 6,000 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. (Input all amounts as positive values.) Hints http://ezto.mheducation.com/hm.tpx References eBook & Resources 1/2 6/12/2016 Chapter 7 Homework (19) Hint #1 Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 2/2 6/12/2016 Chapter 7 Homework (19) diego merisma Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (1-9) 5. instructions | help value: 1.25 points Exercise 7-5 Manufacturing Overhead Budget [LO7-6] The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct laborhours: Budgeted direct laborhours 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 9,000 8,700 9,000 8,400 The company's variable manufacturing overhead rate is $3.25 per direct laborhour and the company's fixed manufacturing overhead is $58,000 per quarter. The only noncash item included in fixed manufacturing overhead is depreciation, which is $14,500 per quarter. Required: 1. Complete the company's manufacturing overhead budget for the upcoming fiscal year. Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Less depreciation Cash disbursements for manufacturing overhead 2. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Total budgeted manufacturing overhead for the year Budgeted direct laborhours for the year Predetermined overhead rate per hour for the year Hints http://ezto.mheducation.com/hm.tpx References eBook & Resources 1/2 6/12/2016 Chapter 7 Homework (19) Hint #1 Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 2/2 6/12/2016 Chapter 7 Homework (19) Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 diego merisma Chapter 7 - Homework (1-9) 6. instructions | help value: 1.25 points Exercise 7-6 Selling and Administrative Expense Budget [LO7-7] The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below: Budgeted unit sales 1st Quarter 28,000 2nd Quarter 29,000 3rd Quarter 21,000 4th Quarter 26,000 The company's variable selling and administrative expense per unit is $2.70. Fixed selling and administrative expenses include advertising expenses of $13,000 per quarter, executive salaries of $47,000 per quarter, and depreciation of $27,000 per quarter. In addition, the company will make insurance payments of $4,000 in the first quarter and $4,000 in the third quarter. Finally, property taxes of $6,800 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Variable cost" answers to 2 decimal places.) Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Fixed selling and administrative expenses: Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses Hints References eBook & Resources Hint #1 Check my work http://ezto.mheducation.com/hm.tpx 1/2 6/12/2016 Chapter 7 Homework (19) 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 2/2 6/12/2016 Chapter 7 Homework (19) Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (1-9) 7. diego merisma instructions | help value: 1.25 points Exercise 7-7 Cash Budget [LO7-8] Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: Total cash receipts Total cash disbursements 1st Quarter 2nd Quarter $210,000 $360,000 $281,000 $251,000 3rd Quarter $240,000 $241,000 4th Quarter $260,000 $261,000 The company's beginning cash balance for the upcoming fiscal year will be $26,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded. Required: Complete the company's cash budget for the upcoming fiscal year. (Cash deficiencies, disbursements, repayments, and interest should be indicated by a minus sign.) Hints References eBook & Resources Hint #1 Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 1/1 6/12/2016 Chapter 7 Homework (19) Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (1-9) 8. diego merisma instructions | help value: 1.25 points Exercise 7-8 Budgeted Income Statement [LO7-9] Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales Selling price per unit Cost per unit Variable selling and administrative expenses (per unit) Fixed selling and administrative expenses (per year) Interest expense for the year 560 $2,000 $1,360 $80 $265,000 $16,000 Required: Prepare the company's budgeted income statement using an absorption income statement format. Gig Harbor Boating Budgeted Income Statement Hints References eBook & Resources Hint #1 Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 1/1 6/12/2016 Chapter 7 Homework (19) Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (1-9) 9. diego merisma instructions | help value: 1.25 points Exercise 7-9 Budgeted Balance Sheet [LO7-10] The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances ? $ 8,900 $ 5,500 $ 38,000 $ 15,400 $ 2,600 $ 5,000 ? The beginning balance of retained earnings was $25,000, net income is budgeted to be $21,100, and dividends are budgeted to be $3,500. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) http://ezto.mheducation.com/hm.tpx 1/2 6/12/2016 Chapter 7 Homework (19) Mecca Copy Budgeted Balance Sheet Assets Current assets: Total current assets Plant and equipment: Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity: Total stockholders' equity Total liabilities and stockholders' equity Hints References eBook & Resources Hint #1 Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 2/2 6/11/2016 Chapter 7 Homework (11, 1416) diego merisma Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (11, 14-16) 1. instructions | help value: 1.50 points Exercise 7-11 Cash Budget Analysis [LO7-8] A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Cash Budget Quarter (000 omitted) 1 Cash balance, beginning $ 2 3 4 Year 8 Add collections from customers 114 Total cash available 414 92 Less disbursements: Purchase of inventory 53 Selling and administrative expenses 63 29 45 30 127 55 Equipment purchases 8 9 28 Dividends 2 2 2 Total disbursements 2 119 Excess (deficiency) of cash available over disbursements (1) 5 Financing: Borrowings 13 Repayments (including interest) * (20) Total financing Cash balance, ending *Interest will total $1,000 for the year. References eBook & Resources Worksheet Difficulty: 1 Easy Exercise 711 Cash Budget Analysis [LO78] Learning Objective: 0708 Prepare a cash budget. Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx?_=0.8375459097591127_1465704150882 1/1 6/11/2016 Chapter 7 Homework (11, 1416) diego merisma Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (11, 14-16) 2. instructions | help value: 1.50 points Exercise 7-14 Sales and Production Budgets [LO7-2, LO7-3] The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): Budgeted unit sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 11,900 12,900 14,900 13,900 The selling price of the company's product is $18 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $72,000. The company expects to start the first quarter with 1,785 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,985 units. Required: 1a. Complete the company's sales budget. Jessi Corporation Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Budgeted units sales Selling price per unit Total sales 1b. Complete the schedule of expected cash collections. 2. Prepare the company's production budget for the upcoming fiscal year. http://ezto.mheducation.com/hm.tpx 1/2 6/11/2016 Chapter 7 Homework (11, 1416) References eBook & Resources Expanded table Difficulty: 1 Easy Exercise 714 Sales and Production Budgets [LO72, LO73] Learning Objective: 0702 Prepare a sales budget, including a schedule of expected cash collections. Learning Objective: 0703 Prepare a production budget. Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 2/2 6/11/2016 Chapter 7 Homework (11, 1416) Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 diego merisma Chapter 7 - Homework (11, 14-16) 3. instructions | help value: 1.50 points Exercise 7-15 Direct Labor and Manufacturing Overhead Budgets [LO7-5, LO7-6] The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 10,900 2nd Quarter 9,900 3rd Quarter 11,900 4th Quarter 12,900 Each unit requires 0.25 direct laborhours and direct laborers are paid $12.00 per hour. In addition, the variable manufacturing overhead rate is $2.00 per direct laborhour. The fixed manufacturing overhead is $89,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $29,000 per quarter. Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "Direct labor time per unit (hours)" and "Direct labor cost per hour" answers to 2 decimal places.) 2. Prepare the company's manufacturing overhead budget. References eBook & Resources Expanded table Difficulty: 1 Easy Exercise 715 Direct Labor and Manufacturing Overhead Budgets [LO75, LO76] Learning Objective: 0705 Prepare a direct labor budget. http://ezto.mheducation.com/hm.tpx Learning Objective: 0706 Prepare a manufacturing overhead budget. 1/2 6/11/2016 Chapter 7 Homework (11, 1416) Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 2/2 6/11/2016 Chapter 7 Homework (11, 1416) diego merisma Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (11, 14-16) 4. instructions | help value: 1.50 points Exercise 7-16 Direct Materials and Direct Labor Budgets [LO7-4, LO7-5] The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 6,000 2nd Quarter 9,000 3rd Quarter 8,000 4th Quarter 7,000 In addition, 6,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $5,000. Each unit requires 4 grams of raw material that costs $1.40 per gram. Management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4th Quarter is 7,000 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.40 direct laborhours and direct laborers are paid $12.50 per hour. Required: 1a. Prepare the company's direct materials budget for the upcoming fiscal year. (Round "Unit cost of raw materials" answers to 2 decimal places.) 1b. Prepare a schedule of expected cash disbursements for purchases of materials for the upcoming fiscal year. Zan Corporation Schedule of Expected Cash Disbursements for Materials 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter Year Beginning accounts payable $ 0 1st Quarter purchases 0 2nd Quarter purchases 0 3rd Quarter purchases 0 4th Quarter purchases Total cash disbursements for materials $ 0 0 $ 0 $ 0 $ 0 $ 0 2. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct http://ezto.mheducation.com/hm.tpx 1/2 6/11/2016 Chapter 7 Homework (11, 1416) labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "Direct laborhours per unit" and "Direct labor cost per hour" answers to 2 decimal places.) rev: 11_24_2015_QC_CS34015 References eBook & Resources Expanded table Difficulty: 1 Easy Exercise 716 Direct Materials and Direct Labor Budgets [LO7 4, LO75] Learning Objective: 0704 Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials. Learning Objective: 0705 Prepare a direct labor budget. Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 2/2 6/12/2016 Chapter 7 Homework (27) diego merisma Brewer 7th edition: BUAD162 - Managerial Accounting Summer (1) 2016 Chapter 7 - Homework (27) 1. instructions | help value: 8.00 points Problem 7-27A Completing a Master Budget [LO7-2, LO7-4, LO7-7, LO7-8, LO7-9, LO7-10] The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Capital stock Retained earnings $ 7,300 $ 19,200 $ 38,400 $ 124,800 $ 22,800 $ 150,000 $ 16,900 a. The gross margin is 25% of sales. b. Actual and budgeted sales data: March (actual) April May June July $48,000 $64,000 $69,000 $94,000 $45,000 c. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales. d. Each month's ending inventory should equal 80% of the following month's budgeted cost of goods sold. e. Onehalf of a month's inventory purchases is paid for in the month of purchase the other half is paid for in the following month. The accounts payable at March 31 are the result of March purchases of inventory. f. Monthly expenses are as follows: commissions, 12% of sales rent, $2,100 per month other expenses (excluding depreciation), 6% of sales. Assume that these expenses are paid monthly. Depreciation is $936 per month (includes depreciation on new assets). g. Equipment costing $1,300 will be purchased for cash in April. h. Management would like to maintain a minimum cash balance of at least $4,000 at the end of each month. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $20,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter. Required: Using the data above: 1. Complete the following schedule. Shilow Company Schedule of Expected Cash Collections April Cash sales $ Credit sales Total collections May June Quarter 38,400 19,200 $ 57,600 http://ezto.mheducation.com/hm.tpx?_=0.1623063725302175_1465754790508 1/5 6/12/2016 Chapter 7 Homework (27) 2. Complete the following: Shilow Company Merchandise Purchases Budget April Budgeted cost of goods sold $ 41,400 Total needs 89,400 Required purchases June Quarter 48,000 Add desired ending inventory Less beginning inventory May 38,400 $ 51,000 Budgeted cost of goods sold for April = $64,000 sales 75% = $48,000. Add desired ending inventory for April = $51,750 80% = $41,400. Shilow Company Schedule of Expected Cash DisbursementsMerchandise Purchases April March purchases April purchases $ May 22,800 25,500 June Quarter $ 25,500 22,800 51,000 May purchases June purchases Total disbursements 3. Complete the following cash budget: (Borrow and repay in increments of $1,000. Cash deficiency, repayments and interest should be indicated by a minus sign.) http://ezto.mheducation.com/hm.tpx?_=0.1623063725302175_1465754790508 2/5 6/12/2016 Chapter 7 Homework (27) Shilow Company Cash Budget April Beginning cash balance $ May June Quarter 7,300 Add cash collections 57,600 Total cash available 64,900 Less cash disbursements: For inventory 48,300 For expenses 13,620 For equipment Total cash disbursements Excess (deficiency) of cash 1,300 63,220 1,680 Financing: Borrowings Repayments Interest Total financing Ending cash balance 4. Prepare an absorption costing income statement for the quarter ended June 30. http://ezto.mheducation.com/hm.tpx?_=0.1623063725302175_1465754790508 3/5 6/12/2016 Chapter 7 Homework (27) Shilow Company Income Statement For the Quarter Ended June 30 Cost of goods sold: Selling and administrative expenses: 5. Prepare a balance sheet as of June 30. http://ezto.mheducation.com/hm.tpx?_=0.1623063725302175_1465754790508 4/5 6/12/2016 Chapter 7 Homework (27) Shilow Company Balance Sheet June 30 Assets Current assets: Total current assets Total assets Liabilities and Stockholders' Equity Stockholders' equity: Total liabilities and stockholders' equity References eBook & Resources Expanded table Learning Objective: 0702 Prepare a sales budget, including a schedule of expected cash collections. Learning Objective: 0708 Prepare a cash budget. Problem 727A Completing a Master Budget [LO72, LO7 4, LO77, LO78, LO79, LO710] Learning Objective: 0704 Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials. Learning Objective: 0709 Prepare a budgeted income statement. Difficulty: 2 Medium Learning Objective: 0707 Prepare a selling and administrative expense budget. Learning Objective: 0710 Prepare a budgeted balance sheet. Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx?_=0.1623063725302175_1465754790508 5/5