Complete the General Journal using accounts listed Debit Credit Acco.pdf

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Complete the General Journal using accounts listed Debit Credit Account Title Cash Accounts Receivable Merchandise Inventory Accounts Payable Common Stock Retained Earnings Totals $ 26,000 4,000 50,000 $ 4,000 43,000 33,000 $ 80,000 $80,000 The following events occurred in 2012. 1. 2. Cash paid for land purchase Merchandise purchased on account Terms: 1/10 n/45, FOB Shipping Point $ 20,000 $126,000 3. Freight paid in cash for merchandise purchase above 4. Defective Merchandise returned purchased in event 2 5. Merchandise costing $60,356 sold for cash 6. Merchandise costing 84,220 sold on account $ 1,000 $ 3,600 $ 86,000 $120,000 Terms: 1/20 n/30 7. Paid cash on accounts payable with discount (event 2) 8. Paid Selling expenses 9. A/R collected within discount period 10. A/R collected after discount period 11. Paid other operating expenses $ 11,600 $ 50,000 $ 60,000 $ 6,400 Solution Date Account Titles & Explanations Debt Credit 2 Merchandise Purchase a/c 126000 Accounts Payable 126000 3 Freight Expenses A/c 1000 Cash 1000 4 Accounts Payable 3600 Merchandise Purchase a/c 3600 5 Cash A/c 86000 Sales A/c 86000 6 Accounts Receivable 120000 Sales A/c 120000 7 Accounts Payable 122400 Discount Received A/c 12240 Cash 110160 8 Selling Expenses 11600 Cash 11600 9 Cash A/c 96000 Discount Allowed A/c 24000 Accounts Receivable 120000 10 Cash A/c 120000 Accounts Receivable 120000 11 Operating Expenses 6400 Cash 6400.

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Kazaam Company, a merchandiser, recently completed its calendar-year 2011 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s balance sheets and income statement follow. KAZAAM COMPANY Comparative Balance Sheets December 31, 2011 and 2010 2011 2010 Assets Cash $ 49,800 $ 74,000 Accounts receivable 65,810 51,000 Merchandise inventory 278,000 251,500 Prepaid expenses 1,000 1,900 Equipment 158,000 106,000 Accum. depreciation—Equipment (41,750) (52,000) Total assets $ 510,860 $ 432,400 Liabilities and Equity Accounts payable $ 69,735 $ 115,000 Short-term notes payable 12,000 7,000 Long-term notes payable 60,000 48,750 Common stock, $5 par value 162,000 150,250 Paid-in capital in excess of par, common stock 35,250 0 Retained earnings 171,875 111,400 Total liabilities and equity $ 510,860 $ 432,400 KAZAAM COMPANY Income Statement For Year Ended December 31, 2011 Sales $ 583,500 Cost of goods sold 286,000 Gross profit 297,500 Operating expenses Depreciation expense $ 20,000 Other expenses 132,400 152,400 Other gains (losses) Loss on sale of equipment 5,125 Income before taxes 139,975 Income taxes expense 23,000 Net income $ 116,975 Additional Information on Year 2011 Transactions a. The loss on the cash sale of equipment was $5,125 (details in b ). b. Sold equipment costing $46,875, with accumulated depreciation of $30,250, for $11,500 cash. c. Purchased equipment costing $98,875 by paying $25,000 cash and signing a long-term note payable for the balance. d. Borrowed $5,000 cash by signing a short-term note payable. e. Paid $62,625 cash to reduce the long-term notes payable. f. Issued 2,350 shares of common stock for $20 cash per share. g. Declared and paid cash dividends of $56,500. Required: Prepare a complete statement of cash flows using a spreadsheet report its operating activities using the indirect method. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) a. Net income was $116,975. b. Accounts receivable increased. c. Merchandise inventory increased. d. Prepaid expenses decreased. e. Accounts payable decreased. f. Depreciation expense was $20,000. g. Sold equipment costing $46,875, with accumulated depreciation of $30,250, for $11,500 cash. This yielded a loss of $5,125. h. Purchased equipment costing $98,875 by paying $25,000 cash and (i.) by signing a long-term note payable for the balance. j..

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Comprehensive Problem More Co. is a merchandising business. The account balances for More Co. as of November 30, 2012 (unless otherwise indicated), are as follows: 110 Cash $ 13,920 112 Accounts Receivable 34,220 115 Merchandise Inventory 133,900 116 Prepaid Insurance 3,750 117 Store Supplies 2,550 123 Store Equipment 114,300 124 Accumulated Depreciation-Store Equipment 12,600 210 Accounts Payable 21,450 211 Salaries Payable 0 218 Interest Payable 0 220 Note Payable (Due 2017) 10,000 310 P. Williams, Capital (January 1, 2012) 103,280 311 P. Williams, Drawing 10,000 312 Income Summary 0 410 Sales 715,800 411 Sales Returns and Allowances 20,600 412 Sales Discounts 13,200 510 Cost of Merchandise Sold 360,500 520 Sales Salaries Expense 74,400 521 Advertising Expense 18,000 522 Depreciation Expense 0 523 Store Supplies Expense 0 529 Miscellaneous Selling Expense 2,800 530 Office Salaries Expense 40,500 531 Rent Expense 18,600 532 Insurance Expense 0 539 Miscellaneous Administrative Expense 1,650 550 Interest Expense 240 More Co. uses the perpetual inventory system and the last-in, first-out costing method. Transportation-in and purchase discounts should be added to the Inventory Control Sheet, but since this will complicate the computation of the Last-in, first-out costing method, please ignore this step in the process. More Co. sells four types of television entertainment units. The sales price of each are: TV A: $3,500 TV B: $5,250 TV C: $6,125 PS D: $9,000 During December, the last month of the accounting year, the following transactions were completed: Dec. 1. Issued check number 2632 for the December rent, $1,600. 3. Purchased four TV C units on account from Prince Co., terms 2/10, n/30, FOB shipping point, $14,800. 4. Issued check number 2633 to pay the transportation changes on purchase of December 3, $400. (NOTE: Do not include shipping and purchase discounts to the Inventory Control sheet for this project.) 6. Sold four TV A and 4 TV B on account to Albert Co., invoice 891, terms 2/10, n/30, FOB shipping point. 7. Received $7,500 cash from Marie Co. on account, no discount. 10. Sold two project systems for cash. 11. Purchased store supplies on account from Matt Co., terms 1/10, n/30, $620. 13. Issued check number 2634 for merchandise purchased on December 3, less discount. 14. Issued credit memo for one TV A unit returned on sale of December 6. 15. Issued check number 2635 for advertising expense for last half of December, $1,500. 16. Received cash from sale of December 6, less return of December 14 and discount. 19. Issued check number 2636 for two TV C units, $7,600. 19. Issued check number 2637 for $6,100 to Joseph Co. on account. 20. Sold three TV C units on account to Cameron Co., invoice number 892, terms 1/10, n/30, FOB shipping point. 20. For the convenience of the customer.

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ACC 206 Week 1 Assignment: Chapter One Problems Please complete the following 5 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. Ch 1 Critical Thinking Question 5: Answer the following questions: Why are noncash transactions, such as the exchange of common stock for a building for example, included on a statement of cash flows? How are these noncash transactions disclosed? Chapter 1 Exercise 1: 1. Classification of activitiesClassify each of the following transactions as arising from an operating (O), investing (I), financing (F), or noncash investing/financing (N) activity. 1. ________ Received $80,000 from the sale of land. 1. ________ Received $3,200 from cash sales. 1. ________ Paid a $5,000 dividend. 1. ________ Purchased $8,800 of merchandise for cash. 1. ________ Received $100,000 from the issuance of common stock. 1. ________ Paid $1,200 of interest on a note payable. 1. ________ Acquired a new laser printer by paying $650. 1. ________ Acquired a $400,000 building by signing a $400,000 mortgage note. Chapter 1 Exercise 4: 4. Overview of direct and indirect methods Evaluate the comments that follow as being True or False. If the comment is false, briefly explain why. 1. Both the direct and indirect methods will produce the same cash flow from operating activities. 1. Depreciation expense is added back to net income when the indirect method is used. 1. One of the advantages of using the direct method rather than the indirect method is that larger cash flows from financing activities will be reported. 1. The cash paid to suppliers is normally disclosed on the statement of cash flows when the indirect method of statement preparation is employed. 1. The dollar change in the Merchandise Inventory account appears on the statement of cash flows only when the direct method of statement preparation is used. Chapter 1 Exercise 6: 6. Equipment transaction and cash flow reporting Dec. 31, 20X4 Dec. 31, 20X3 Property, Plant & Equipment: Land $94,000 $94,000 Equipment 652,000 527,000 Less: Accumulated depreciation -316,000 -341,000 New equipment purchased during 20x4 totaled $280,000. The 20x4 income statement disclosed equipment depreciation expense of $41,000 and a $9,000 loss on the sale of equipment. 1. Determine the cost and accumulated depreciation of the equipment sold during 20X4. 1. Determine the selling price of the equipment sold. 1. Show how the sale of equipment would appear on a statement of cash flows prepared by using the indirect method. Chapter 1 Problem 3: 3. Cash flow information: Direct and indirect methodsThe comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accounts: 20X5 20X4 Increase / Decre.

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Ch 1 Critical Thinking Question 5: Answer the following questions: Why are noncash transactions, such as the exchange of common stock a building, included on a statement of cash flows? How are these noncash transactions disclosed? Chapter 1 Exercise 1: 1. Classification of activities Classify each of the following transactions as arising from an operating (O), investing (I), financing (F), or noncash investing/financing (N) activity. a. ______I__ Received $80,000 from the sale of land. b. _____O___ Received $3,200 from cash sales. c. ___F_____ Paid a $5,000 dividend. d. ___O_____ Purchased $8,800 of merchandise for cash. e. ___F_____ Received $100,000 from the issuance of common stock. f. ____O____ Paid $1,200 of interest on a note payable. g. _____I___ Acquired a new laser printer by paying $650. h. ___N_____ Acquired a $400,000 building by signing a $400,000 mortgage note. Chapter 1 Exercise 4: 4. Overview of direct and indirect methods Evaluate the comments that follow as being True or False. If the comment is false, briefly explain why. a. Both the direct and indirect methods will produce the same cash flow from operating activities. b. Depreciation expense is added back to net income when the indirect method is used. c. One of the advantages of using the direct method rather than the indirect method is that larger cash flows from financing activities will be reported. d. The cash paid to suppliers is normally disclosed on the statement of cash flows when the indirect method of statement preparation is employed. e. The dollar change in the Merchandise Inventory account appears on the statement of cash flows only when the direct method of statement preparation is used. Chapter 1 Exercise 6: 6. Equipment transaction and cash flow reporting Property, plant, & equipment Dec. 31, 20X4 Dec. 31, 20X3 Land $94,000 $94,000 Equipment 652,000 527,000 Less: Accumulated depreciation -316,000 -341,000 New equipment purchased during 20x4 totaled $280,000. The 20x4 income statement disclosed equipment depreciation expense of $41,000 and a $9,000 loss on the sale of equipment. a. Determine the cost and accumulated depreciation of the equipment sold during 20X4. b. Determine the selling price of the equipment sold. c. Show how the sale of equipment would appear on a statement of cash flows prepared by using the indirect method. Chapter 1 Problem 3: 3. Cash flow information: Direct and indirect methods The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accounts: 20X5 20X4 Increase / Decrease) Current assets Cash $55,400 $35,200 $20,200 Accounts receivable (net) 83,800 88,000 -4,200 Inventory 243,400 233,800 9,600 Prepaid expenses 25,400 24,200 1,200 Current liabilities Accounts payable $123,600 $140,600 .

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Exercises 1. Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow. 20X2 20X1 Current Assets $ 76,000 $ 80,000 Property, Plant, and Equipment (net) 99,000 90,000 Intangibles 25,000 50,000 Current Liabilities 40,800 48,000 Long-Term Liabilities 143,000 160,000 Stockholders' Equity 16,200 12,000 Net Sales 500,000 500,000 Cost of Goods Sold 332,500 350,000 Operating Expenses 93,500 85,000 2. Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work. 3. Vertical analysis. Study the data pertaining to Mary Lynn Corporation that appear in Exercise 1. Prepare a vertical analysis for 20X1 and 20X2 and briefly evaluate the results of your work. 4. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10: Edison Stagg Thornton Cash $4,000 $2,500 $1,000 Short-Term Investments 3,000 2,500 2,000 Accounts Receivable 2,000 2,500 3,000 Inventory 1,000 2,500 4,000 Prepaid Expenses 800 800 800 Accounts Payable 200 200 200 Notes Payable: Short-Term 3,100 3,100 3,100 Accrued Payables 300 300 300 Long-Term Liabilities 3,800 3,800 3,800 a. Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why? b. Suppose Thornton is using FIFO for inventory valuation and Edison is using LIFO. Comment on the comparability of information between these two companies. c. If all short-term notes payable are due on July 11 at 8 a.m., comment on each company's ability to settle its obligation in a timely manner. 5. Computation and evaluation of activity ratios. The following data relate to Alaska Products Inc.: 20X5 20X4 Net Credit Sales $832,000 $760,000 Cost of Goods Sold 440,000 350,000 Cash, Dec. 31 125,000 110,000 Accounts Receivable, Dec. 31 180,000 140,000 Inventory, Dec. 31 70,000 50,000 Accounts Payable, Dec. 31 115,000 108,000 6. The company is planning to borrow $300,000 via a 90-day bank loan to cover short-term operating needs. a. Compute the accounts-receivable and inventory-turnover ratios for 20X5. Alaska rounds all calculations to two decimal places. b. Study the ratios from part (a) and comment on the company's ability to repay a bank loan in 90 days. c. Suppose that Alaska's major line of business involves the processing and distribution of fresh and frozen fish throughout the United States. Do you have any concerns about the company's inventory-turnover ratio? Briefly discuss. 7. Profitability ratios, trading on the equity. Digital Relay has both preferred and common stock outstanding. The company reported the following information for 20X7: Net sales $1,500,000 Interest Expense 120,000 Income Tax Expense 80,000 Preferred Dividends 25,000 Net Income 130,000 Average Assets 1,100,000 Average Common Stockholders' Equity 400,000 a. Compute the net-profit-margin ratio and the rates of re ...

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More Co. is a merchandising business. The account balances for More Co. as of November 30, 2012 (unless otherwise indicated), are as follows: 110 Cash $ 13,920 112 Accounts Receivable 34,220 115 Merchandise Inventory 133,900 116 Prepaid Insurance 3,750 117 Store Supplies 2,550 123 Store Equipment 114,300 124 Accumulated Depreciation-Store Equipment 12,600 210 Accounts Payable 21,450 211 Salaries Payable 0 218 Interest Payable 0 220 Note Payable (Due 2017) 10,000 310 P. Williams, Capital (January 1, 2012) 103,280 311 P. Williams, Drawing 10,000 312 Income Summary 0 410 Sales 715,800 411 Sales Returns and Allowances 20,600 412 Sales Discounts 13,200 510 Cost of Merchandise Sold 360,500 520 Sales Salaries Expense 74,400 521 Advertising Expense 18,000 522 Depreciation Expense 0 523 Store Supplies Expense 0 529 Miscellaneous Selling Expense 2,800 530 Office Salaries Expense 40,500 531 Rent Expense 18,600 532 Insurance Expense 0 539 Miscellaneous Administrative Expense 1,650 550 Interest Expense 240 More Co. uses the perpetual inventory system and the last-in, first-out costing method. Transportation-in and purchase discounts should be added to the Inventory Control Sheet, but since this will complicate the computation of the Last-in, first-out costing method, please ignore this step in the process. More Co. sells four types of television entertainment units. The sales price of each are: TV A: $3,500 TV B: $5,250 TV C: $6,125 PS D: $9,000 During December, the last month of the accounting year, the following transactions were completed: Dec. 1. Issued check number 2632 for the December rent, $1,600. 3. Purchased four TV C units on account from Prince Co., terms 2/10, n/30, FOB shipping point, $14,800. 4. Issued check number 2633 to pay the transportation changes on purchase of December 3, $400. (NOTE: Do not include shipping and purchase discounts to the Inventory Control sheet for this project.) 6. Sold four TV A and 4 TV B on account to Albert Co., invoice 891, terms 2/10, n/30, FOB shipping point. 7. Received $7,500 cash from Marie Co. on account, no discount. 10. Sold two project systems for cash. 11. Purchased store supplies on account from Matt Co., terms 1/10, n/30, $620. 13. Issued check number 2634 for merchandise purchased on December 3, less discount. 14. Issued credit memo for one TV A unit returned on sale of December 6. 15. Issued check number 2635 for advertising expense for last half of December, $1,500. 16. Received cash from sale of December 6, less return of December 14 and discount. 19. Issued check number 2636 for two TV C units, $7,600. 19. Issued check number 2637 for $6,100 to Joseph Co. on account. 20. Sold three TV C units on account to Cameron Co., invoice number 892, terms 1/10, n/30, FOB shipping point. 20. For the convenience of the customer, issued check number 26.

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Week Four Exercise Assignment Liability 1. Payroll accounting. Assume that the following tax rates and payroll information pertain to Brookhaven Publishing: · Social Security taxes: 6% on the first $55,000 earned · Medicare taxes: 1.5% on the first $130,000 earned · Federal income taxes withheld from wages: $7,500 · State income taxes: 5% of gross earnings · Insurance withholdings: 1% of gross earnings · State unemployment taxes: 5.4% on the first $7,000 earned · Federal unemployment taxes: 0.8% on the first $7,000 earned The company incurred a salary expense of $50,000 during February. All employees had earned less than $5,000 by month-end. a. Prepare the necessary entry to record Brookhaven’s February payroll. The entry will include deductions for the following: · Social Security taxes · Medicare taxes · Federal income taxes withheld · State income taxes · Insurance withholdings b. Prepare the journal entry to record Brookhaven’s payroll tax expense. The entry will include the following: · Matching Social Security taxes · Matching Medicare taxes · State unemployment taxes · Federal unemployment taxes 2. Current liabilities: entries and disclosure. A review of selected financial activities of Visconti’s during 20XX disclosed the following: 12/1 Borrowed $20,000 from the First City Bank by signing a 3- month, 15% note payable. Interest and principal are due at maturity. 2/10 Established a warranty liability for the XY-80, a new product. Sales are expected to total 1,000 units during the month. Past experience with similar products indicates that 2% of the units will require repair, with warranty costs averaging $27 per unit. 12/22 Purchased $16,000 of merchandise on account from Oregon Company, terms 2/10, n/30. 12/26 Borrowed $5,000 from First City Bank; signed a note payable due in 60 days. 12/31 Repaired six XY-80s during the month at a total cost of $162. 12/31 Accrued 3 days of salaries at a total cost of $1,400. Instructions a. Prepare journal entries to record the transactions. b. Prepare adjusting entries on October 31 to record accrued interest. c. Prepare the Current Liability section of Red Bank’s balance sheet as of October 31. Assume that the Accounts Payable account totals $203,600 on this date. 3. Notes payable. Red Bank Enterprises was involved in the following transactions during the fiscal year ending October 31: 8/2: Borrowed $75,000 from the Bank of Kingsville by signing a 120-day note. 8/20: Issued a $40,000 note to Harris Motors for the purchase of a $40,000 delivery truck. The note is due in 180 days and carries a 12% interest rate. 9/10: Purchased merchandise from Pans Enterprises in the amount of $15,000. Issued a 30-day, 12% note in settlement of the balance owed. 9/11: Issued a $60,000 note to Datatex Equipment in settlement of an overdue account payable of the same amount. The note is due in 30 days and carries a 14% interest rate. 10/10: The note to Pans Enterprises was p.

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ools Weygandt, Financial Accounting, 10e December 31, 2018 Debit Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings $9,000 15,100 12,700 2,800 19,300 $16,500 31,000 11.400 $58,900 $58,900 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash, $1,120. 2. Additional supplies acquired on account $4,150. 3. Miscellaneous expenses, paid in cash, $2,020. 4. Cash collected from customers in payment of accounts receivable $12,340. 5. Cash paid to creditors for accounts payable due $12,840. 6. Repair services performed during January: for cash $6,850; on account $8,540. 7. Wages for January, paid in cash, $2,410. 8. Dividends during January were $2,550. Solution Trial Balance Explanation debit credit cash advertising expense 1120 balance 9000 advertising expense 1120 Misc. expenses 2020 accounts receivables 12340 Misc.expenses 2020 service revenue 15390 service revenue 6850 accounts payable 12840 salaries and wages expenses 2410 salaries expense 2410 dividend 2550 dividend 2550 cash 7250 7250 accounts receivable 11300 28190 28190 supplies 16850 prepaid rent 2800 accounts receivables equipment 19300 balance 15100 cash 12340 accounts payable 7810 service revenue 8540 balance 11300 common stock 31000 retained earning 11400 total 23640 23640 total 65600 65600 accounts payable cash 12840 balance 16500 balance 7810 supplies 4150 total 20650 total 20650 supplies balance 12700 balance 16850 accounts payable 4150 total 16850 total 16850 Trial Balance Explanation debit credit cash advertising expense 1120 balance 9000 advertising expense 1120 Misc. expenses 2020 accounts receivables 12340 Misc.expenses 2020 service revenue 15390 service revenue 6850 accounts payable 12840 salaries and wages expenses 2410 salaries expense 2410 dividend 2550 dividend 2550 cash 7250 7250 accounts receivable 11300 28190 28190 supplies 16850 prepaid rent 2800 accounts receivables equipment 19300 balance 15100 cash 12340 accounts payable 7810 service revenue 8540 balance 11300 common stock 31000 retained earning 11400 total 23640 23640 total 65600 65600 accounts payable cash 12840 balance 16500 balance 7810 supplies 4150 total 20650 total 20650 supplies balance 12700 balance 16850 accounts payable 4150 total 16850 total 16850.

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At the beginning of 2012, the Jeater company had the following balances in its accounts: During 2012, the company experienced the following events. 1. Purchased inventory that cost $2,000 on account from Blue Company under terms 1/10, n/30. The merchandise was delivered FOB shipping point. Freight cost of $110 were paid in cash. 2. Returned $200 of the inventory that it had purchased because the inventory was damaged in transit. The freight company agreed to pay the return freight cost. 3. Paid the amount due on its account payable to Blue Company within the cash discount period. 4. Sold inventory that had cost $3,000 for $5,500 on account, under terms 2/10, n/45 5. Recieved merchandise returned from a customer. The merchandise orignally cost $400. and was sold to the customer for $710 cash during the previous accounting period. The customer was paid $710 cash for the returned merchandise/ 6. Delivered goos FOB destination in event 4. Freight cost of $60 were paid in cash. 7. Collected the amount due on the account receivable within the discount period. 8. Took a physical count indicating that $7,970 of inventory was on hand at te end of the accounting period. REQUIRED a.Indentify these events as assets source (AS), asset use (AU), Asset exchange (AE), or claims exchange (CE) b.Record each event in a statements model like the following. C. Prepare an income statement, a statement of change in stockholders' equity, a balance sheet, and a statemet of cash flows. .

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AWeek Five Exercise Assignment Financial Ratios 1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10: Edison Stagg Thornton Cash $4,000 $2,500 $1,000 Short-term investments 3,000 2,500 2,000 Accounts receivable 2,000 2,500 3,000 Inventory 1,000 2,500 4,000 Prepaid expenses 800 800 800 Accounts payable 200 200 200 Notes payable: short-term 3,100 3,100 3,100 Accrued payables 300 300 300 Long-term liabilities 3,800 3,800 3,800 a. Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why? 2. Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 20X5 20X4 Net credit sales $832,000 $760,000 Cost of goods sold 440,000 350,000 Cash, Dec. 31 125,000 110,000 Average Accounts receivable 180,000 140,000 Average Inventory 70,000 50,000 Accounts payable, Dec. 31 115,000 108,000 a. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places. 3. Profitability ratios, trading on the equity. Digital Relay has both preferred and common stock outstanding. The company reported the following information for 20X7: Net sales $1,500,000 Interest expense $120,000 Income tax expense $80,000 Preferred dividends $25,000 Net income $130,000 Average assets $1,100,000 Average common stockholders' equity $400,000 a. Compute the profit margin ratio, the return on equity and the return on assets, rounding calculations to two decimal places. b. Does the firm have positive or negative financial leverage? Briefly explain. 4. Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow. 20X2 20X1 Current Assets $76,000 $80,000 Property, Plant, and Equipment (net) 99,000 90,000 Intangibles 25,000 50,000 Current Liabilities 40,800 48,000 Long-Term Liabilities 143,000 160,000 Stockholders’ Equity 16,200 12,000 Net Sales 500,000 500,000 Cost of Goods Sold 332,500 350,000 Operating Expenses 93,500 85,000 Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work. 5. Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow. 20X2 20X1 Current Assets $ 76,000 $ 80,000 Property, Plant, and Equipment (net) 99,000 90,000 Intangibles 25,000 50,000 Current Liabilities 40,800 48,000 Long-Term Liabilities 143,000 160,000 Stockholders’ Equity 16,200 12,000 Net Sales 500,000 500,000 Cost of Goods Sold 332,500 350,000 Operating Expenses 93,500 85,000 Prepare a vertical analysis for 20X1 and 20X2. Briefly comment on the results of your work. 6. Ratio computation. The financial statements of the Lone Pine Company follow. LONE PINE COMPANY Comparat ...

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Companies for your comparative analysis: Caterpillar Inc. and Deere & Company SITUATION You are a financial analyst with HTC Corporation. HTC is an established investment banker which services an international market. A client has determined that it wants to invest $2.3 billion in either Deere & Co. or Caterpillar stock (real publicly-traded companies). Which of these companies\' shares is the best potential candidate for a long-term commitment? Both targeted companies are competitively favorable. However, based on some serious general and economic concerns about the fallout of companies in the industry in general, the CEO of the client-company has asked your CFO to conduct a financial analysis of both CAT and DE to determine if it is prudent to commit to either company. The cost of this investment is significant and any interruption in cash flow from the investment during the next few years would adversely affect the client\'s performance and profit. The CFO has given you the job of conducting this analysis. Specifically, the question is: will a commitment to invest in either Caterpillar or John Deere be financially viable over the next two to three years? YOUR SPECIFIC ASSIGNMENT Your specific assignment is to research, analyze, and prepare a report for the CFO on the actual financial performance of both DE and CAT for the most recent three years. In addition to reviewing the traditional financial performance indicators, you are also to review both targed companies past and current stock performance for the last one year. Your report is to consist of three parts: (1) An evaluation of financial performance for the last three years, for both companies. (2) An evaluation of stock performance for the last one year, for both companies. (3) Finally, a specific recommendation, with supporting rationale, as to whether or not either targeted company\'s recent trend in financial and stock performance is of sufficient financial strength to warrant entering into a long-term commitment. To assist you in your task, the CFO has provided the following general guidance. Since it is recognized that the industry is undergoing a major contraction in selected markets, it is very important to comparatively evaluate both CAT and DE relative to financial and stock performance trends against its Industry. IMPORTANT: You must include all necessary and relevant financial performance and stock information, trends, and projections in supporting your recommendation. These factors must include, financial ratio trends and industry comparatives, capital spending, stock growth, Beta values, credit rating service valuations, bond rating valuations, and management and investment reports - when these documents are available. REPORT REQUIREMENTS YOUR SPECIFIC ASSIGNMENT Research and analyze the following information for both Caterpillar and Deere: Annual Balance Sheets for the last three years. The Income Statements for the last three years. Annual reports, 10K or 10Q Industry .

Companies for your comparative analysis Caterpillar Inc. and Deere .pdf

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Compano Inc. was founded in 1986 in Baytown, Texas. The firm provides oil-field services to the Texas Gulf Coast region, including the leasing of drilling barges. Its balance sheet for year- end 2014 describes a firm with $830, 541,000 in book value assets that has a market value of $1.334 billion. December 31, 2014 Balance Sheet (Book Values) Invested Capital (Market Values) Liabilities and Owner\'s Capital Current liabilities: Accounts Payable $8,250,000 Notes Payable - - Other current liabilities $7,266,000 Total current liabilities $15,516,000 Long-term debt (8.5% interest paid semiannually, due in 2015) $420,000,000 $434,091,171 Total liabilities $435,516,000 $434,091,171 Owner\'s capital: Common stock ($1 par value per share $40,000,000 Paid-in-capital $100,025,000 Accumulated earnings $255,000,000 Total owner\'s capital $395,025,000 $900,000,000 Total liabilities and owner\'s capital $830,541,000 $1,334,091,171 Capital Market Data Treasury Bond Yield 5.42% Market Risk Premium 5.00% Unlevered equity beta 0.90 Stock price 22.50 Market capitalization Yield on debt 8.00% Bond beta 0.30 Short-term interest bearing debt New long-term debt total - Tax Rate 40.00% Question 1. Fill in the boxes for market capitalization and short-term interest bearing debt located under the capital market data. Step 1: Evaluation the capital structure weights Enterprise Value = Market Capitalization + Debt Debt/Enterprise Value Equity/Enterprise Value Step 2: Estimate the costs of Financing Debt (after taxes) Debt/Equity Ratio Equity Levered equity beta Step 3: Calculate the WACC WACC Question 2. Fill in the boxes for steps 1 through 3. Capital Structure Weight Source of Capital (Proportion) After-Tax Cost Weighted After-Tax Cost Debt Equity WACC Question 3. Fill in the boxes for capital structure weight (debt, equity, WACC, etc). Balance Sheet (Book Values) Invested Capital (Market Values) Liabilities and Owner\'s Capital Current liabilities: Accounts Payable $8,250,000 Notes Payable - - Other current liabilities $7,266,000 Total current liabilities $15,516,000 Long-term debt (8.5% interest paid semiannually, due in 2015) $420,000,000 $434,091,171 Total liabilities $435,516,000 $434,091,171 Owner\'s capital: Common stock ($1 par value per share $40,000,000 Paid-in-capital $100,025,000 Accumulated earnings $255,000,000 Total owner\'s capital $395,025,000 $900,000,000 Total liabilities and owner\'s capital $830,541,000 $1,334,091,171 Solution Question 1: Step 1: Evaluation the capital structure weights. Enterprise value = Market capitalization +Debt Market capitalization = Number of share × market value per share = 40,000,000 × $22.50 = $900,000,000 Debt = market value of debt = $420,000,000 Enterprise value = $900,000,000 + $420,000,000 =$1,320,000,000 Calculation of Debt/Enterprise value: Debt = $420,000,000 Enterprise value = $1,320,000,000 = Debt/Enterprise value = $420,000,000 / $1,320,000,000 =0.32 Calculation of Equity/Enterprise value: Equity = $40,000,0.

Compano Inc. was founded in 1986 in Baytown, Texas. The firm provide.pdf

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College students often make up a substantial portion of the population of college cities and towns. State College, Pennsylvania ranks first with 71.1% of its population being made up of college students. Let 150 people from State College, PA be randomly selected. Find the probability that in a random sample of 150 State College residents, more than 50 are college students. (Verify that the normal distribution can be used to approximate the binomial distribution in this problem). Solution mean=150*0.711=106.65 s=sqrt(150*0.711*(1-0.711))=5.551743 So the probability is P(X>50) = P((X-mean)/s >(50-106.65)/5.551743) =P(Z>-10.204) =1 (from standard normal table).

College students often make up a substantial portion of the populati.pdf

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coefficient of linear expansion Solution The change in length per unit length resulting from a one degree rise in temperature, expressed in degrees is defined as coefficient of linear expansion. Most materials expand somewhat when heated through a temperature range that does not produce a change in phase (that is changing from a solid to a liquid or from a liquid to a gas). The added heat increases the average amplitude of vibration of the atoms in the material which increases the average separation between the atoms. Suppose an object of length L undergoes a temperature change of magnitude T. If T is reasonably small, the change in length, L, is generally proportional to L and DT. Stated mathematically L =LT, where is the coefficient of linear expansion.. Higher the value, higher will be expansion with temperature.

coefficient of linear expansionSolutionThe change in length .pdf

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Communications between computers can take several approaches. Which of the following approaches is most secure? Public telephone network Fiber optic cables Direct wiring of lines between the computer and the user workstation Microwave transmission or satellites Solution b. Fiber optic cables Due to their design, fiber optic cables are relatively safer and more secure than other types of computer links. A dial-up connection through a public telephone network is not secure unless a dial-back control is established..

Communications between computers can take several approaches. Which .pdf

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Code In Python File 1: main.py You will implement two algorithms to find the shortest path in a graph. 1. def dijkstra(G,start_node): Takes an Adjacency Matrix G and the index of the starting node start_node. Returns the distance array. 2. def floyd(G): Takes an Adjacency Matrix G and returns the distance matrix The graph you are working on will be give in a file with the following format. 1. Line 1: The number of Nodes in the Graph 2. Lines 2-EOF: Every other line in the file contains an edge 1. First Value is the FROM node 2. Second Value is the TO node 3. Third Value is the weight of the edge Note: You should store the weights as floats. The program will have a command line interface. First ask for the file name of the graph to work with. Then implement 4 text commands. · dijkstra x - Runs Dijkstra starting at node X. X must be an integer · floyd - Runs Floyd\'s algorithm · help - prints this menu · exit or ctrl-D - Exist the program You must implement this using only standard python3 libraries. You may not use any outside libraries. For example, open source graph libraries. Your code must run on tux with just main.py and the input files. You may not include any other python files. Example Run 1 File containing graph: input1.txt Possible Commands are: dijkstra x - Runs Dijkstra starting at node X. X must be an integer floyd - Runs Floyd\'s algorithm help - prints this menu exit or ctrl-D - Exits the program Enter command: help Possible Commands are: dijkstra x - Runs Dijkstra starting at node X. X must be an integer floyd - Runs Floyd\'s algorithm help - prints this menu exit or ctrl-D - Exits the program Enter command: dijkstra 0 [0.0, 1.0, 3.0, 5.0, 7.0] Enter command: exit Bye Example Run 2 File containing graph: input1.txt Possible Commands are: dijkstra x - Runs Dijkstra starting at node X. X must be an integer floyd - Runs Floyd\'s algorithm help - prints this menu exit or ctrl-D - Exits the program Enter command: dijkstra 0 [0.0, 1.0, 3.0, 5.0, 7.0] Enter command: dijkstra 1 [inf, 0.0, 2.0, 4.0, 6.0] Enter command: dijkstra 2 [inf, 3.0, 0.0, 2.0, 4.0] Enter command: dijkstra 3 [inf, 1.0, 3.0, 0.0, 7.0] Enter command: dijkstra 4 [inf, 6.0, 8.0, 5.0, 0.0] Enter command: exit Bye Example Run 3 File containing graph: input1.txt Possible Commands are: dijkstra x - Runs Dijkstra starting at node X. X must be an integer floyd - Runs Floyd\'s algorithm help - prints this menu exit or ctrl-D - Exits the program Enter command: floyd [0.0, 1.0, 3.0, 5.0, 7.0] [inf, 0.0, 2.0, 4.0, 6.0] [inf, 3.0, 0.0, 2.0, 4.0] [inf, 1.0, 3.0, 0.0, 7.0] [inf, 6.0, 8.0, 5.0, 0.0] Enter command: exit Bye Example Run 4 File containing graph: input2.txt Possible Commands are: dijkstra x - Runs Dijkstra starting at node X. X must be an integer floyd - Runs Floyd\'s algorithm help - prints this menu exit or ctrl-D - Exits the program Enter command: dijkstra 0 [0.0, 3.0, 4.0, 4.0, inf, 4.0] Enter command: dijkstra 1 [inf, 0.0, 1.0, 3.0, inf, 1.0] Enter command: dijkst.

Code In PythonFile 1 main.pyYou will implement two algorithms t.pdf

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Come up with a mean and standard deviation. Using the information yo.pdf

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Complex AnalysisFind the image of (the region outside the unite ci.pdf

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completely forgot how to do these limits, could i have a extremely d.pdf

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Complex logarithmDescribe log z.SolutionThe complex logarith.pdf

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Complete the Income Statement.What was the company’s interest expe.pdf

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College Algebra Can anyone help me If $2500 is invested in the ac.pdf

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Complete by hand. Show all work. 14. Information Gathering and Educational Background An instructor wishes to see if the way people obtain information is independent of their educational background. A survey of 400 high school and college graduates yielded this information. At 0.05, test the claim that the way people obtain information is independent of their educational background. Television Newspapers Other sources High school 159 90 51 College 27 42 31 Solution The test hypothesis is Ho: independent Ha: not independent The test statistic is Chi-square:21.347 degrees of freedom: 2 p-value:0.00002315 Given a=0.05, since the p-value is less than 0.05, we reject Ho. So we can not conclude that the way people obtain information is independent of their educational background..

Complete by hand. Show all work. 14. Information Gathering and E.pdf

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Compensation plans usually include a variety of benefits. Name the three benefits that would be most important to you as part of your personal compensation package. Solution three benefits that would be most important to you as part of your personal compensation package. are Retirement Benefits Retirement benefits are funds set aside to provide people with an income or pension when they end their careers. Retirement plans fit into two general categories: In defined benefit plans (sometimes called pension plans), the benefit amount is pre-determined based on salary and the years of service. In these plans, the employer bears the risk of the investment. In defined contribution plans (such as a 401k plan), employer or employee contributions are specified, but the benefit amount is usually tied to investment returns, which are not guaranteed. Minnesota Facts: Most full-time workers in Minnesota are offered access to retirement benefits. Sixty-four percent are offered a defined contribution. Only 15.6 percent are offered a defined benefit program. Defined benefit plans are offered most frequently in those sectors with the highest levels of unionization. These include public administration, construction, manufacturing, and trade, transportation, and utilities. Life and AD&D Most employers design their plans with a provision to protect the employee and/or their family in the event of Accidental Death or Dismemberment (AD&D). Employers often provide basic coverage as a factor of the employee.

Compensation plans usually include a variety of benefits. Name the t.pdf

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Compare/contrast economies of scale and diseconomies of scale. Solution As a firm increases its scale, the average total cost decreases. This is economies of scale. This is attributed to Increasing Returs to Scale, that is if inputs are doubled, output increases to more than double. As a firm increases its scale, the average total cost increases. This is diseconomies of scale. This is attributed to Decreasing Returs to Scale..

Comparecontrast economies of scale and diseconomies of scale.So.pdf

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Compare/contrast explicit and implicit costs. Solution Explicit costs are those cost that are entered in the books of account. Examples are payment of wages, rent, and payment for the material. These expenses are entered in the accounting books and accounting profit / loss is identified. Implicit cost is implied cost. They are also called as opportunity cost. It does not incur any direct payment but it is the opportunity forgone to do current operation. Implicit cost is used to determine economic profit..

Comparecontrast explicit and implicit costs.SolutionExplicit .pdf

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Compare the Euro downfall with the other major currencies of the wor.pdf

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Compare the difference between using the RTI interrupt to control the analog-to-digital converter sampling time with using the polling routine to control the analog-to-digital converter sampling times. Solution RTI interrupt to control the ADC converter will start convirsion process whenever there will be data available as per real time inturrupthandling A. An interrupt is an event that stops the current process in the microcontroller so that it can attend the task needing completion because of the event. In Polling routine control - ADC with a polling-based program (non-interrupt driven) continuously polls or checks is there any data available to process or not. The polling based method to control converter sampling time is less efficient in nature..

Compare the difference between using the RTI interrupt to control th.pdf

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compare and contrast the change interventions (first and second order change in behavior) Solution Change interventions are classified into two parts including the first and second order change in behavior. Both the techniques are utilized by an organization to create a desired change in their operational procedures or employee behavior. Differences between both the change interventions are given below:.

compare and contrast the change interventions (first and second orde.pdf

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Compare and contrast the national cultures of the U.S. and India usi.pdf

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