Problem 12-5A Thornton Company-'s income statement contained the conde.docx

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Problem 12-5A Thornton Company\'s income statement contained the condensed information below THORNTON COMPANY Income Statement For the Year Ended December 31, 2014 $2,263,010 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income $1,432,462 128,315 37,328 1,598,105 664,905 130,648 534,257 Thornton\'s balance sheet contained the comparative data at December 31. 2014 2013 Accounts receivable Accounts payable Income taxes payable $163,310 95,653 30,329 $139,980 74,656 16,331 Accounts payable pertain to operating expenses Prepare the operating activities section of the statement of cash flows using the indirect method Solution Particulars Amount Amount Cash Flow from Operating Activities Net income Â Â Â Â Â Â 534,257.00 Income Taxes Provision Â Â Â Â Â Â 130,648.00 Add : Loss On Disposal of Assets Â Â Â Â Â Â Â Â 37,328.00 Add: Depreciation Â Â Â Â Â Â 128,315.00 Income Taxes Paid(163310 + 130648 -30329) Â Â Â (116,650.00) Less Increase in AR Â Â Â Â Â Â (23,330.00) Add : Increase in Accounts payable Â Â Â Â Â Â Â Â 20,997.00 Cash Flow from Operating Activities 711,565 .

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Similar to Problem 12-5A Thornton Company-'s income statement contained the conde.docx

i just need the 4 questions answered. please help Broadening Your Perspective 6-2 The financial statements of The Hershey Company and Tootsie Roll are presented below. THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF INCOME For the years ended December 31, 2011 2010 2009 In thousands of dollars except per share amounts Net Sales $6,080,788 $5,671,009 $5,298,668 Costs and Expenses: Cost of sales 3,548,896 3,255,801 3,245,531 Selling, marketing and administrative 1,477,750 1,426,477 1,208,672 Business realignment and impairment (credits) charges, net (886 ) 83,433 82,875 Total costs and expenses 5,025,760 4,765,711 4,537,078 Income before Interest and Income Taxes 1,055,028 905,298 761,590 Interest expense, net 92,183 96,434 90,459 Income before Income Taxes 962,845 808,864 671,131 Provision for income taxes 333,883 299,065 235,137 Net Income $628,962 $509,799 $435,994 Net Income Per Share—Basic—Class B Common Stock $2.58 $2.08 $1.77 Net Income Per Share—Diluted—Class B Common Stock $2.56 $2.07 $1.77 Net Income Per Share—Basic—Common Stock $2.85 $2.29 $1.97 Net Income Per Share—Diluted—Common Stock $2.74 $2.21 $1.90 Cash Dividends Paid Per Share: Common Stock $1.3800 $1.2800 $1.1900 Class B Common Stock 1.2500 1.1600 1.0712 The notes to consolidated financial statements are an integral part of these statements and are included in the Hershey's 2011 Annual Report, available at www.thehersheycompany.com. THE HERSHEY COMPANY CONSOLIDATED BALANCE SHEETS December 31, 2011 2010 In thousands of dollars ASSETS Current Assets: Cash and cash equivalents $693,686 $884,642 Accounts receivable—trade 399,499 390,061 Inventories 648,953 533,622 Deferred income taxes 136,861 55,760 Prepaid expenses and other 167,559 141,132 Total current assets 2,046,558 2,005,217 Property, Plant and Equipment, Net 1,559,717 1,437,702 Goodwill 516,745 524,134 Other Intangibles 111,913 123,080 Deferred Income Taxes 38,544 21,387 Other Assets 138,722 161,212 Total assets $4,412,199 $4,272,732 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts payable $420,017 $410,655 Accrued liabilities 612,186 593,308 Accrued income taxes 1,899 9,402 Short-term debt 42,080 24,088 Current portion of long-term debt 97,593 261,392 Total current liabilities 1,173,775 1,298,845 Long-term Debt 1,748,500 1,541,825 Other Long-term Liabilities 617,276 494,461 Total liabilities 3,539,551 3,335,131 Commitments and Contingencies — — Stockholders’ Equity: The Hershey Company Stockholders’ Equity Preferred Stock, shares issued: none in 2011 and 2010 — — Common Stock, shares issued: 299,269,702 in 20.

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1Exercise 8-4 The ledger of Wainwright Company at the end of the current year shows Accounts Receivable $76,000; Credit Sales $801,000; and Sales Returns and Allowances $50,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) If Wainwright uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Wainwright determines that Hiller’s $1,000 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of $990 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 11% of accounts receivable. (c) If Allowance for Doubtful Accounts has a debit balance of $850 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% of accounts receivable. No. Account Titles and Explanation Debit Credit (a) (b) (c) Exercise 8-4 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Allowance for Doubtful Accounts Bad Debt Expense Cash Common Stock Cost of Goods Sold Dividends Income Tax Expense Income Taxes Payable Interest Receivable Interest Revenue Inventory No Entry Notes Receivable Other Operating Expenses Other Receivables Retained Earnings Sales Discounts Sales Returns and Allowances Sales Revenue Service Charge Expense Supplies Supplies Expense Exercise 8-11 Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2014 2013 Accounts receivable (gross) $ 3,480 $ 4,430 Accounts receivable (net) 3,472 4,401 Allowance for doubtful accounts 8 29 Sales revenue 34,728 37,059 Total current assets 7,883 7,166 Answer each of the following questions. Calculate the accounts receivable turnover and the average collection period for 2014 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover times The average collection period for 2014 days Is accounts receivable a material component of the company’s total current assets? 2 Broadening Your Perspective 8-1 The financial statements of Tootsie Roll are presented below. TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data) For the year ended December 31, 2011 2010 2009 Net product sales $528,369 $517,149 $495,592 Rental and royalty revenue 4,136 4,299 3,739 Total revenue 532,505 521,448 499,331 Product cost of goods sold 365,225 349,334 319,775 Rental and royalty cost 1,038 1,088 852 Total costs 366,263 350,422 320,627 Product gross margin 163,144 167,815 175,817 Rental and royalty gross margin 3,098 3,211 2,887 Total gross margin 166,242 171,026 178.

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(10-8) (10-13) (10-22) (10-24) (BYP 10-1) (10-2) Print by: ACC/291 - 46047347 / Assignment: Week 3 Assignment Broadening Your Perspective 10-2 The financial statements of The Hershey Company and Tootsie Roll are presented below. THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF INCOME For the years ended December 31, 2011 2010 2009 In thousands of dollars except per share amounts Net Sales $6,080,788 $5,671,009 $5,298,668 Costs and Expenses: Cost of sales 3,548,896 3,255,801 3,245,531 Selling, marketing and administrative 1,477,750 1,426,477 1,208,672 Business realignment and impairment (credits) charges, net (886 ) 83,433 82,875 Total costs and expenses 5,025,760 4,765,711 4,537,078 Income before Interest and Income Taxes 1,055,028 905,298 761,590 Interest expense, net 92,183 96,434 90,459 Income before Income Taxes 962,845 808,864 671,131 Provision for income taxes 333,883 299,065 235,137 Net Income $628,962 $509,799 $435,994 Net Income Per Share—Basic—Class B Common Stock $2.58 $2.08 $1.77 Net Income Per Share—Diluted—Class B Common Stock $2.56 $2.07 $1.77 Net Income Per Share—Basic—Common Stock $2.85 $2.29 $1.97 Net Income Per Share—Diluted—Common Stock $2.74 $2.21 $1.90 Cash Dividends Paid Per Share: Common Stock $1.3800 $1.2800 $1.1900 Class B Common Stock 1.2500 1.1600 1.0712 The notes to consolidated financial statements are an integral part of these statements and are included in the Hershey's 2011 Annual Report, available at www.thehersheycompany.com. THE HERSHEY COMPANY CONSOLIDATED BALANCE SHEETS December 31, 2011 2010 In thousands of dollars ASSETS Current Assets: Cash and cash equivalents $693,686 $884,642 Accounts receivable—trade 399,499 390,061 Inventories 648,953 533,622 Deferred income taxes 136,861 55,760 Prepaid expenses and other 167,559 141,132 Total current assets 2,046,558 2,005,217 Property, Plant and Equipment, Net 1,559,717 1,437,702 Goodwill 516,745 524,134 Other Intangibles 111,913 123,080 Deferred Income Taxes 38,544 21,387 Other Assets 138,722 161,212 Total assets $4,412,199 $4,272,732 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts payable $420,017 $410,655 Accrued liabilities 612,186 593,308 Accrued income taxes 1,899 9,402 Short-term debt 42,080 24,088 Current portion of long-term debt 97,593 261,392 Total current liabilities 1,173,775 1,298,845 Long-term Debt 1,748,500 1,541,825 Other Long-term Liabilities 617,276 494,461 Total liabilities 3,539,551 3,335,131 Commitments and Contingencies — — Stockholders’ Equity: The Hershey Company Stockholders’ Equity Preferred Stock, shares issued: none ...

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Exercise 18-1 Financial information for Sinead Inc. is presented below. December 31, 2013 December 31, 2012 Current assets $123,920 $100,970 Plant assets (net) 394,340 328,550 Current liabilities 89,510 70,740 Long-term liabilities 129,370 87,560 Common stock, $1 par 166,530 116,400 Retained earnings 132,850 154,820 Prepare a schedule showing a horizontal analysis for 2013 using 2012 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, e.g. 12.3%.) SINEAD INC. Condensed Balance Sheets December 31 Increase or (Decrease) 2013 2012 Amount Percentage Assets Current Assets $123,920 $100,970 $ % Plant Assets (net) 394,340 328,550 % Total assets $518,260 $429,520 $ % Liabilities Current Liabilities $89,510 $70,740 $ % Long-term Liabilities 129,370 87,560 % Total liabilities 218,880 158,300 % Stockholders' Equity Common Stock, $1 par 166,530 116,400 % Retained Earnings 132,850 154,820 % Total stockholders' equity 299,380 271,220 % Total liabilities and stockholders' equity $518,260 $429,520 $ % Exercise 18-2 Operating data for Krystal Corporation are presented below. 2013 2012 Net sales $747,550 $596,800 Cost of goods sold 466,890 393,490 Selling expenses 123,640 70,370 Administrative expenses 56,450 54,540 Income tax expense 30,120 25,260 Net income 70,450 53,140 Prepare a schedule showing a vertical analysis for 2013 and 2012. (Round all answers to 1 decimal place, e.g. 48.5%.) KRYSTAL CORPORATION Condensed Income Statements For the Years Ended December 31 2013 2012 Amount Percent Amount Percent Net sales $747,550 % $596,800 % Cost of goods sold 466,890 % 393,490 % Gross margin 280,660 % 203,310 % Selling expenses 123,640 % 70,370 % Administrative expenses 56,450 % 54,540 % Total operating expenses 180,090 % 124,910 % Income before income taxes 100,570 % 78,400 % Income taxes expense 30,120 % 25,260 % Net income $70,450 % $53,140 % Comparative statement data for Lionel Company and Barrymore Company, two competitors, appear below. All balance sheet data are as of December 31, 2013, and December 31, 2012. Lionel Company Barrymore Company 2013 2012 2013 2012 Net sales $1,576,018 $339,804 Cost of goods sold 1,008,289 240,939 Operating expenses 300,593 78,336 Interest expense 8,640 2,920 Income tax expense 54,924 6,370 Current assets 320,222 $314,105 83,452 $ 78,542 Plant assets (net) 519,420 498,249 139,245 125,702 Current liabilities 64,200 74,053 34,295 28,136 Long-term liabilities 107,950 90,407 28,915 25,879 Common stock, $10 par 496,000 496,000 120,000 120,000 Retained earnings 171,492 151,894 39,487 30,229 Warning Don't show me this message again for the assi ...

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All of the following are false regarding apportionment except- a Ap.docx

shawnk7

Also indicate all zero-force members. Check all that apply. Check all that apply. Also indicate all zero-force members. Check all that apply. Solution DF and CF Only. Explanation: The chances of zero members can be DF, CF, GC, BH and CH. Starting from DF: We know DF is zero member as there is no load in the joint D and DF joins a straight member CE....Likewise if DF is zero, then CF also becomes a zero member (in the same sense as explained for DF)...But this is not the case for BH as there is a load at joint B..CH also cannot be a zero member as it is not connected to just a straight member (instead BH also exist).....Now coming to GC, GC is not a zero member as there is a load acting at joint G. .

Also indicate all zero-force members- Check all that apply- Check all.docx

shawnk7

Although objectives, functional tactics, and action items are included in many implementation plans, why do some organizations have a difficult time following the plans they create? What problems have you faced when creating or following an implementation plan? Do not copy paste and I don\'t need references. Just answer in at least 150 words. Solution The various reasons where organization have difficulty in following the implementation plan they create are as follow: - 1) Ineffective Leadership: - The sucess of the plan depends upon the competency of the leader. The leader has the responsibility to take his team forward. In time of difficulty if the leader is not able to manage things then the crust of project is lost. 2) Stimulus to Change: - When a organization creates a plan but it does not run as thought becasue of various internal and external factors. If the organization do not change as per the requirement then the plan essense is lost. The problem that I faced while creating a implementation plan are as follows: - 1) Procurement of fund: - While I was creating a plan, the biggest problem for me was the procurement of fund. As fund carries a cost. If the cost of borrowed fund is higher that its a difficult situation for the fund. 2) Utilization of fund: - The other problem for me was how to utilize the fund as there is minimum cost that I would have to recover to satisfy my stakeholders. .

Although objectives- functional tactics- and action items are included.docx

shawnk7

prove or disprove that H = {n e(element) Z| n is divisible by both 8 and 10} is a subgroup of Z? Solution here H = {n e(element) Z| n is divisible by both 8 and 10} and we have Z = { -inf .....-2,-1,0,1,2,3........+ inf} n that is divisible by 8 and 10 is LCM of 8 , 10 = 40 so any number divisible by both 8 , 10 is of form = 40 m where m is some intezer let m =1 => 40 so it also belongs to subgroup Z .

prove or disprove that H - {n e(element) Z- n is divisible by both 8.docx

shawnk7

Project 3 is based on the materials from Freakonomics Radio Podcast: How Safe Is Your job?. Economists preach the gospel of creative destruction. whereby new industries - and jobs - replace the old ones. But in this era of technological wonder, has creative destruction become too destructive? 1. One of the creative destruction examples used by Stephen Dubner (the host of Freakonomics Radio Podcast) is piano business. Before the invention of phonograph. the sales of piano was $56 million in 1914. that was more than double the sales of phonographs. In 1919, five ears later, sales of record players hit $158 million. Radio soon eclipsed that. By World War 1. pianos were no longer an essential element of every living room. By 1933, two-thirds of American homes bad at least one radio. Name another creative destruction. 2. As mentioned by Stephen. it was terrible news for the people working in the piano industry. But the workers involved in the musical recording and broadcasting industries could benefit from this creative destruction So in your example in Qi, who do you think could benefit from the technological innovation. 3. There are two types of industries, labor intensive versus capital intensive. Give me some examples for each one, and which do you expect will be affected more by the creative destruction? Explain in one or two sentences. Solution Example of Capital intensive Libraries to E-Library, For Libraries it requires lots of space, Multiple copies of same book, take care of books but in case of E-Library books required in Soft forms, no requirement to have multiple copies, Ease to use. .

Project 3 is based on the materials from Freakonomics Radio Podcast- H.docx

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Problem 9-11A Time Value of Money Concept The following situations involve the application of the time value of money concept: 1. Jan Cain deposited $19,500 in the bank on January 1, 1995, at an interest rate of 12% compounded annually. How much has accumulated in the account by January1, 2012? 2. Mark Schultz deposited $43,200 in the bank on January 1, 2002. On January 2, 2012, this deposit has accumulated to $84,974. Interest is compounded annually on the account. What rate of interest did Mark earn on the deposit? 3. Les Hinckle made a deposit in the bank on January 1, 2005. The bank pays interest at the rate of 8% compounded annually. On January 1, 2012, the deposit has accumulated to $30,000. How much money did Les originally deposit on January 1, 2005? 4. Val Hooper deposited $11,600 in the bank on January 1 a few years ago. The bank pays an interest rate of 10% compounded annually, and the deposit is now worth $30,052. For how many years has the deposit been invested? Solution Following are the solutions using the compund interest formula Amount= P(1+R) n 1 Amount=19500(1+.12) 17 .=$133,887 2.84,974=43200(1+r) 10 r=7% 3. 30,000=P(1+.08) 8 P=$16,200 (appx) 4. 30,052=11,600(1+.10) n n=10 years .

Problem 9-11A Time Value of Money Concept The following situations inv.docx

shawnk7

Problem 5: [9 points] A red laser of wavelength 670 nm is directed through a pair of identical slits of finite width, producing an interference pattern on a screen (shown below). The distance separating the slits and screen is 1.50 m and the distance shown in the picture is as measured by a ruler on the screen. 2.0 cm Estimate both the spacing d between the centers of the slits and the width a of each individua! slit. Solution From the picture it is clear that there are 11 bright fringe in central maxima. Hence, m=6 (i.e. 5,4,3,2,1,0,-1,-2,-3,-4,-5). Given that, Fringe width (F) = 2 cm = 0.02 m Screen distance (D)= 1.5 m Wave length (L) = 670 nm Width of slit (a)= a Separation between slit (d) = d We know, F = LD/d => d= LD/F = 670nm*1.5/0.02 = 5.025 Ã— 10^-5m Also, SinÂ© ~ Â©=L/a , and m = dÃ—SinÂ©/L = dÃ—Â©/L Hence, m = (d/L)Ã—(L/a) = d/a Henceforth, a = d/m = (5.025 Ã— 10^-5)/6 = 8.375 Ã— 10^-6 m .

Problem 5- -9 points- A red laser of wavelength 670 nm is directed thr.docx

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Problem 3-32 Internal and Sustainable Growth Rates (LG3-6) Use the following financial statements for Lake of Egypt Marina, Inc. Earnings before interest, taxes, depreciation, and amortization (EBITDA) Calculate the internal and sustainable growth rate for Lake of Egypt Marina, Inc. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Solution Internal growth rate =return on assets * (1- dividend payout ratio) / [1 -( retrun on assets * (1-dividend payout ratio)] 2015 Internal growth rate= 0.17 * ( 1 -1/2.123) / 1- [0.17 * ( 1 -1/2.123)] = (0.17 * 0.53) / 1 - (0.17 * 0.53) = 0.0901 / (1 - 0.0901) = 0.0901 / 0.9099 = 9.9% Note:- 2015 return on assets = Net income / average total assets = 143 / (785 + 910)/2 = 143 / 847.5 =0.17 .

Problem 3-32 Internal and Sustainable Growth Rates (LG3-6) Use the fol.docx

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Problem 11-6A Problem 11-6A Irwin Corporation has been au.docx

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