Bag 1 originally had 2 red chips and 4 white chips, while Bag 2 had 3 red chips and 1 white chip. A chip was drawn from Bag 1 and placed in Bag 2, then a chip was drawn from Bag 2. The probability that the second drawn chip is red is 5/7.
Problem 12-9AODGERS INC.Comparative Balance Sheets December 31.pdfajantahandlooms14
Problem 12-9A
ODGERS INC.
Comparative Balance Sheets
December 31
Assets
2014
2013
$ 155,944
$ 93,412
169,454
73,340
217,125
198,501
54,812
50,180
266,340
210,370
550,050
468,025
(96,500
)
(100,360
)
$1,317,225
$993,468
Liabilities and Stockholders’ Equity
$ 196,860
$ 129,889
31,845
40,530
212,300
281,780
424,600
337,750
451,620
203,519
$1,317,225
$993,468
ODGERS INC.
Income Statement Data
For the Year Ended December 31, 2014
$749,728
$261,438
23,951
89,745
52,650
9,129
14,475
451,388
$ 298,340
ODGERS INC.
Statement of Cash Flows
For the Year Ended December 31, 2014
Adjustments to reconcile net income to
Problem 12-9A Condensed financial data of Odgers Inc. follow.
ODGERS INC.
Comparative Balance Sheets
December 31
Assets
2014
2013Cash
$ 155,944
$ 93,412Accounts receivable
169,454
73,340Inventory
217,125
198,501Prepaid expenses
54,812
50,180Long-term investments
266,340
210,370Plant assets
550,050
468,025Accumulated depreciation
(96,500
)
(100,360
)Total
$1,317,225
$993,468
Liabilities and Stockholders’ EquityAccounts payable
$ 196,860
$ 129,889Accrued expenses payable
31,845
40,530Bonds payable
212,300
281,780Common stock
424,600
337,750Retained earnings
451,620
203,519Total
$1,317,225
$993,468
ODGERS INC.
Income Statement Data
For the Year Ended December 31, 2014Sales revenue
$749,728Less: Cost of goods sold
$261,438 Operating expenses, excluding depreciation
23,951 Depreciation expense
89,745 Income tax expense
52,650 Interest expense
9,129 Loss on disposal of plant assets
14,475
451,388Net income
$ 298,340
Additional information:
1.New plant assets costing $193,000 were purchased for cash during the year.2.Old plant assets
having an original cost of $110,975 and accumulated depreciation of $93,605 were sold for
$2,895 cash.3.Bonds payable matured and were paid off at face value for cash.4.A cash dividend
of $50,239 was declared and paid during the year.
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash
flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
ODGERS INC.
Statement of Cash Flows
For the Year Ended December 31, 2014
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash
Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by
Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating
ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash
used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Increase in Accounts Payable Loss on Disposal of Plant Assets Net Income Decrease
in Accounts Receivable Increase in Prepaid Expenses Decrease in Prepaid
Expenses Decrease in Accrued Expenses Payable Decrease in Inventory Increase in
Inventory Sale of Common Stock Payment of Cash Dividends Increase in Accounts
Receivable Redemption of Bonds Purchase of Plant Assets Depreciation
Expense Decrease in Accounts Payable Increase in Accrue.
Problem 11 in Chapter 15 examined the TV-viewing habits of adopted .pdfajantahandlooms14
Problem 11 in Chapter 15 examined the TV-viewing habits of adopted children in relation to
their biological parents and their adoptive parents. The data are reproduced as follows. If both
the biological and adoptive parents are used to predict the viewing habits of the children in a
multiple-regression equation, what percentage of the variance in the children
Solution
Formula
R2= 1-(SSer/SSt).
Problem 11-2Athe following are selected transactions of Blanco Com.pdfajantahandlooms14
Problem 11-2A
the following are selected transactions of Blanco Company. Blanco prepares financial statements
quarterly.
A. Prepare Journal entries for the listed transactions and events.
B. Post the accounts Notes Payable, Interest payable, and Interest Expense.
C. Show the balance sheet presentation of notes and interest payable at December 31.
D. What is the total interest expense for the year????Jan. 2Purchased merchandise on account
from Nunez Company, $28,800, terms 3/10, n/30. (Blanco uses the perpetual inventory
system.)Feb. 1Issued a 9%, 2-month, $28,800 note to Nunez in payment of account.March.
31Accrued interest for 2 months on Nunez note.Apr. 1Paid face value and interest on Nunez
note.July 1Purchased equipment from Marson Equipment apying $12,690 in cash and signing a
10%, 3 month, $50,400 note.Sept. 30Accrued interest for 3 months on Marson note.Oct 1Paid
face value and interest on Marson note.Dec. 1Borrowed $28,800 from the Paola Bank by issuing
a 3- month, 8% note with a face value of $28,800.Dec. 31Recognized interest expense for 1
month on Paola Bank note.
Solution
(‘A)- Journal Entries
Sr No
Date
Account Details and Explanation
Debit
Credit
(1)
Jan,2
Merchandise Inventory
28,800
Accounts Payable
28,800
To record the merchandise purchase
(2)
Feb,1
Accounts Payable
28,800
Notes Payable
28,800
To record the issuance of 9% , 2 month notes payable against liability for purchase of
merchandise
(3)
Mar 31,
Interest Expense ( 28800 x 0.09 x 2/12)
432
Interest Payable
432
To record the interest due on notes payable
(4)
Apr,1
Notes Payable
28,800
Interest Payable
432
Cash
29,232
(5)
July,1
Equipment
63,090
Cash
12,690
Notes Payable
50,400
To record the purchase of equipment against cash and issuance of 10 %, 3 months notes of
$50,400
(6)
Sep,30
Interest Expense
1,260
Interest Payable
1,260
To record the interest due on notes payable
(7)
Oct,1
Notes Payable
50,400
Interest Payable
1,260
Cash
51,66
To record the payment of Face value of notes payable and interest thereon.
(8)
Dec,1
Cash
28,800
Notes Payable
28,800
To record the borrowing from Paola Bank against issuance of 8%, 3 months notes payable
(9)
Dec 31,
Interest Expense
192
Interest Payable
192
To record the accrued interest at the quarter end.
(‘B)
Posting of Accounts Notes Payable, Interest Expense and Interest Payable
Notes Payable
(4) 28,800
(7) 50,400
28,800 (2)
50,400 (5)
28,800 (8)
28,800
Interest Expense
(3) 432
(6) 1260
(9) 192
Interest Payable
(4) 432
(7) 1260
432 (3)
1260 (6)
192 (9)
192
(‘C ) Balance Sheet Extracts
Assets
Amount ($)
Liabilities
Amount ($)
Current Liabilities
Notes Payable 28,800
Interest Payable 192
28,992
(‘D) Interest Expense for The year
Interest Expense = $ 1,884
(‘A)- Journal Entries
Sr No
Date
Account Details and Explanation
Debit
Credit
(1)
Jan,2
Merchandise Inventory
28,800
Accounts Payable
28,800
To record the merchandise purchase
(2)
Feb,1
Accounts Payable
28,800
Notes Payable
28,800
To record the issuance of 9% , 2 month notes payable ag.
Problem 1.27 ,a,b,f from Chapter 1 in the text book Signals and S.pdfajantahandlooms14
Problem 1.27 ,a,b,f from Chapter 1 in the text book \" Signals and Systems-second edition\" by
Alan V. Oppenheim
ISBN # 0-13-814757-4
Solution
(a) Stable and Linear
(b) Stable, linear, causal, memoryless
(f) Stable , linear.
Problem 11-2A Fechter Corporation had the following stockholders’ eq.pdfajantahandlooms14
Problem 11-2A Fechter Corporation had the following stockholders’ equity accounts on January
1, 2017: Common Stock ($5 par) $536,800, Paid-in Capital in Excess of Par—Common Stock
$193,790, and Retained Earnings $100,450. In 2017, the company had the following treasury
stock transactions. Mar. 1 Purchased 5,700 shares at $9 per share. June 1 Sold 1,040 shares at
$13 per share. Sept. 1 Sold 1,980 shares at $10 per share. Dec. 1 Sold 1,310 shares at $7 per
share. Fechter Corporation uses the cost method of accounting for treasury stock. In 2017, the
company reported net income of $32,820
ournalize the treasury stock transactions, and prepare the closing entry at December 31, 2017, for
net income. (Record journal entries in the order presented in the problem. Credit account titles
are automatically indented when amount is entered. Do not indent manually. If no entry is
required, select \"No Entry\" for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
SHOW LIST OF ACCOUNTS
Paid-in Capital from Treasury Stock
Date
Explanation
Ref.
Debit
Credit
Balance
J10
J10
J10
Treasury Stock
Date
Explanation
Ref.
Debit
Credit
Balance
J10
J10
J10
J10
Retained Earnings
Date
Explanation
Ref.
Debit
Credit
Balance
Balance
?
J10
SHOW LIST OF ACCOUNTS
Date
Account Titles and Explanation
Debit
Credit Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31
Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31
Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31
Dec. 1
Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31
SHOW LIST OF ACCOUNTS
Solution
Journal Entries:
Date
Account Titles and Explanation
Debit
Credit
Mar. 1
Treasury Stock (5700*$9)
$ 51,300.00
Cash
$ 51,300.00
(Being shares repurchased )
June. 1
Cash (1040*$13)
$ 13,520.00
Paid-in Capital from Treasury Stock = 13520 - 9360
$ 4,160.00
Treasury Stock (1040*$9)
$ 9,360.00
(Being treasury shares reissued)
Sept. 1
Cash (1980*$10)
$ 19,800.00
Paid-in Capital from Treasury Stock = 19800-17820
$ 1,980.00
Treasury Stock (1980*$9)
$ 17,820.00
(Being treasury shares reissued)
Dec. 1
Cash (1310*$7)
$ 9,170.00
Paid-in Capital from Treasury Stock = 11790-9170
$ 2,620.00
Treasury Stock (1310*$9)
$ 11,790.00
(Being treasury shares reissued)
Dec. 31
Income Summary
$ 32,820.00
Retained Earnings
$ 32,820.00
(Being bet inc0me closed)
Paid-in Capital from Treasury Stock
Date
Explanation
Ref.
Debit
Credit
Balance
June. 1
J10
$ 4,160.00
$ 4,160.00
Sept. 1
J10
$ 1,980.00
$ 6,140.00
Dec. 1
J10
$ 2,620.00
$ 3,520.00
Treasury Stock
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
J10
$ 51,300.00
$ 51,300.00
June. 1
J10
$ 9,360.00
$ 41,940.00
Sept. 1
J10
$ 17,820.00
$ 24,120.00
Dec. 1
J10
$ 11,790.00
$ 12,330.00
Retained Earnings
Date
Explanation
Ref.
Debit
Credit
Balance
Balance
$ 100,450.00
$ 100,450.00
Dec. 31
J10
$ 32,820.00
$ 133,270.00
FECHTER CORPORATION
Balance Sheet (Partial)
For the Year Ended December 31, 2017
Common Stock ($5 par)
$ 536,800.00
Paid-in Capital in Excess of Par—Common Stock
$ 193,790.00
Retained Earnings
$ 133,270.0.
Problem 8-9A certain investment requires an initial outlay of $12 .pdfajantahandlooms14
Problem 8-9
A certain investment requires an initial outlay of $12 million and subsequently produces annual
cash inflows of $1.4 million in perpetuity. A firm evaluating this investment uses a discount rate
of 10%.
What is the investment’s NPV?
What is the EVA each period?
What is the present value of the stream of EVAs?
Solution
a.The NPV = PV of future cash flows - inital investment
PV of future cash flows = 1,400,000 *(1/0.10) = 14,000,000
Inital outlay = 12,000,000
Hence NPV = 14,000,000 -12,000,000 = 2,000,000
b. EVA for each period = 1,400,000 - (0.10*12,000,000) = 200,000 = 0.2 Million
c. EVA of the stream = 0.2/0.10 = 2 Miilion = 2,000,000.
Problem 5At a constant interest rate of 15, compounded annually, .pdfajantahandlooms14
Problem 5
At a constant interest rate of 15%, compounded annually, what is the present value of an income
stream paying $50 next quarter and growing at 2% per quarter until the end of the third year?
From that point on it grows at 1% per quarter indefinitely.
Solution
The income grows by 2% for first 12 quarters after which it grows perpetually at 1% per quarter.
Interest rate, r = 15% p.a. = 15/4 = 3.75% quarterly
The income stream looks as shown below
Quarter
Income(I)
Remarks
1
50.00
2
51.00
2% increase
3
52.02
2% increase
4
53.06
2% increase
5
54.12
2% increase
6
55.20
2% increase
7
56.31
2% increase
8
57.43
2% increase
9
58.58
2% increase
10
59.75
2% increase
11
60.95
2% increase
12
62.17
2% increase
13
62.79
1% increase
Present Value,PV = I1/(1+r) + I2/(1+r)2 + I3/(1+r)3+ ........ + I12/(1+r)12 + I13/(1+r)13 + ....
constant growth
So PV = I1/(1+r) + I2/(1+r)2+ I2/(1+r)2+ .........+ I12/(1+r)12+ I13/((1+r)13*(r-g)) {Infinite
GP series formula used} where g = 1% or 0.01
So PV = 48.19 + 47.38 + 46.58 + 45.80 + 45.02 + 44.26+ 43.52+ 42.78+
42.06+41.35+40.65+39.97+1414.87
So Present Value, PV = $1942.43
Quarter
Income(I)
Remarks
1
50.00
2
51.00
2% increase
3
52.02
2% increase
4
53.06
2% increase
5
54.12
2% increase
6
55.20
2% increase
7
56.31
2% increase
8
57.43
2% increase
9
58.58
2% increase
10
59.75
2% increase
11
60.95
2% increase
12
62.17
2% increase
13
62.79
1% increase.
Problem 12-9AODGERS INC.Comparative Balance Sheets December 31.pdfajantahandlooms14
Problem 12-9A
ODGERS INC.
Comparative Balance Sheets
December 31
Assets
2014
2013
$ 155,944
$ 93,412
169,454
73,340
217,125
198,501
54,812
50,180
266,340
210,370
550,050
468,025
(96,500
)
(100,360
)
$1,317,225
$993,468
Liabilities and Stockholders’ Equity
$ 196,860
$ 129,889
31,845
40,530
212,300
281,780
424,600
337,750
451,620
203,519
$1,317,225
$993,468
ODGERS INC.
Income Statement Data
For the Year Ended December 31, 2014
$749,728
$261,438
23,951
89,745
52,650
9,129
14,475
451,388
$ 298,340
ODGERS INC.
Statement of Cash Flows
For the Year Ended December 31, 2014
Adjustments to reconcile net income to
Problem 12-9A Condensed financial data of Odgers Inc. follow.
ODGERS INC.
Comparative Balance Sheets
December 31
Assets
2014
2013Cash
$ 155,944
$ 93,412Accounts receivable
169,454
73,340Inventory
217,125
198,501Prepaid expenses
54,812
50,180Long-term investments
266,340
210,370Plant assets
550,050
468,025Accumulated depreciation
(96,500
)
(100,360
)Total
$1,317,225
$993,468
Liabilities and Stockholders’ EquityAccounts payable
$ 196,860
$ 129,889Accrued expenses payable
31,845
40,530Bonds payable
212,300
281,780Common stock
424,600
337,750Retained earnings
451,620
203,519Total
$1,317,225
$993,468
ODGERS INC.
Income Statement Data
For the Year Ended December 31, 2014Sales revenue
$749,728Less: Cost of goods sold
$261,438 Operating expenses, excluding depreciation
23,951 Depreciation expense
89,745 Income tax expense
52,650 Interest expense
9,129 Loss on disposal of plant assets
14,475
451,388Net income
$ 298,340
Additional information:
1.New plant assets costing $193,000 were purchased for cash during the year.2.Old plant assets
having an original cost of $110,975 and accumulated depreciation of $93,605 were sold for
$2,895 cash.3.Bonds payable matured and were paid off at face value for cash.4.A cash dividend
of $50,239 was declared and paid during the year.
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash
flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
ODGERS INC.
Statement of Cash Flows
For the Year Ended December 31, 2014
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash
Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by
Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating
ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash
used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Increase in Accounts Payable Loss on Disposal of Plant Assets Net Income Decrease
in Accounts Receivable Increase in Prepaid Expenses Decrease in Prepaid
Expenses Decrease in Accrued Expenses Payable Decrease in Inventory Increase in
Inventory Sale of Common Stock Payment of Cash Dividends Increase in Accounts
Receivable Redemption of Bonds Purchase of Plant Assets Depreciation
Expense Decrease in Accounts Payable Increase in Accrue.
Problem 11 in Chapter 15 examined the TV-viewing habits of adopted .pdfajantahandlooms14
Problem 11 in Chapter 15 examined the TV-viewing habits of adopted children in relation to
their biological parents and their adoptive parents. The data are reproduced as follows. If both
the biological and adoptive parents are used to predict the viewing habits of the children in a
multiple-regression equation, what percentage of the variance in the children
Solution
Formula
R2= 1-(SSer/SSt).
Problem 11-2Athe following are selected transactions of Blanco Com.pdfajantahandlooms14
Problem 11-2A
the following are selected transactions of Blanco Company. Blanco prepares financial statements
quarterly.
A. Prepare Journal entries for the listed transactions and events.
B. Post the accounts Notes Payable, Interest payable, and Interest Expense.
C. Show the balance sheet presentation of notes and interest payable at December 31.
D. What is the total interest expense for the year????Jan. 2Purchased merchandise on account
from Nunez Company, $28,800, terms 3/10, n/30. (Blanco uses the perpetual inventory
system.)Feb. 1Issued a 9%, 2-month, $28,800 note to Nunez in payment of account.March.
31Accrued interest for 2 months on Nunez note.Apr. 1Paid face value and interest on Nunez
note.July 1Purchased equipment from Marson Equipment apying $12,690 in cash and signing a
10%, 3 month, $50,400 note.Sept. 30Accrued interest for 3 months on Marson note.Oct 1Paid
face value and interest on Marson note.Dec. 1Borrowed $28,800 from the Paola Bank by issuing
a 3- month, 8% note with a face value of $28,800.Dec. 31Recognized interest expense for 1
month on Paola Bank note.
Solution
(‘A)- Journal Entries
Sr No
Date
Account Details and Explanation
Debit
Credit
(1)
Jan,2
Merchandise Inventory
28,800
Accounts Payable
28,800
To record the merchandise purchase
(2)
Feb,1
Accounts Payable
28,800
Notes Payable
28,800
To record the issuance of 9% , 2 month notes payable against liability for purchase of
merchandise
(3)
Mar 31,
Interest Expense ( 28800 x 0.09 x 2/12)
432
Interest Payable
432
To record the interest due on notes payable
(4)
Apr,1
Notes Payable
28,800
Interest Payable
432
Cash
29,232
(5)
July,1
Equipment
63,090
Cash
12,690
Notes Payable
50,400
To record the purchase of equipment against cash and issuance of 10 %, 3 months notes of
$50,400
(6)
Sep,30
Interest Expense
1,260
Interest Payable
1,260
To record the interest due on notes payable
(7)
Oct,1
Notes Payable
50,400
Interest Payable
1,260
Cash
51,66
To record the payment of Face value of notes payable and interest thereon.
(8)
Dec,1
Cash
28,800
Notes Payable
28,800
To record the borrowing from Paola Bank against issuance of 8%, 3 months notes payable
(9)
Dec 31,
Interest Expense
192
Interest Payable
192
To record the accrued interest at the quarter end.
(‘B)
Posting of Accounts Notes Payable, Interest Expense and Interest Payable
Notes Payable
(4) 28,800
(7) 50,400
28,800 (2)
50,400 (5)
28,800 (8)
28,800
Interest Expense
(3) 432
(6) 1260
(9) 192
Interest Payable
(4) 432
(7) 1260
432 (3)
1260 (6)
192 (9)
192
(‘C ) Balance Sheet Extracts
Assets
Amount ($)
Liabilities
Amount ($)
Current Liabilities
Notes Payable 28,800
Interest Payable 192
28,992
(‘D) Interest Expense for The year
Interest Expense = $ 1,884
(‘A)- Journal Entries
Sr No
Date
Account Details and Explanation
Debit
Credit
(1)
Jan,2
Merchandise Inventory
28,800
Accounts Payable
28,800
To record the merchandise purchase
(2)
Feb,1
Accounts Payable
28,800
Notes Payable
28,800
To record the issuance of 9% , 2 month notes payable ag.
Problem 1.27 ,a,b,f from Chapter 1 in the text book Signals and S.pdfajantahandlooms14
Problem 1.27 ,a,b,f from Chapter 1 in the text book \" Signals and Systems-second edition\" by
Alan V. Oppenheim
ISBN # 0-13-814757-4
Solution
(a) Stable and Linear
(b) Stable, linear, causal, memoryless
(f) Stable , linear.
Problem 11-2A Fechter Corporation had the following stockholders’ eq.pdfajantahandlooms14
Problem 11-2A Fechter Corporation had the following stockholders’ equity accounts on January
1, 2017: Common Stock ($5 par) $536,800, Paid-in Capital in Excess of Par—Common Stock
$193,790, and Retained Earnings $100,450. In 2017, the company had the following treasury
stock transactions. Mar. 1 Purchased 5,700 shares at $9 per share. June 1 Sold 1,040 shares at
$13 per share. Sept. 1 Sold 1,980 shares at $10 per share. Dec. 1 Sold 1,310 shares at $7 per
share. Fechter Corporation uses the cost method of accounting for treasury stock. In 2017, the
company reported net income of $32,820
ournalize the treasury stock transactions, and prepare the closing entry at December 31, 2017, for
net income. (Record journal entries in the order presented in the problem. Credit account titles
are automatically indented when amount is entered. Do not indent manually. If no entry is
required, select \"No Entry\" for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
SHOW LIST OF ACCOUNTS
Paid-in Capital from Treasury Stock
Date
Explanation
Ref.
Debit
Credit
Balance
J10
J10
J10
Treasury Stock
Date
Explanation
Ref.
Debit
Credit
Balance
J10
J10
J10
J10
Retained Earnings
Date
Explanation
Ref.
Debit
Credit
Balance
Balance
?
J10
SHOW LIST OF ACCOUNTS
Date
Account Titles and Explanation
Debit
Credit Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31
Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31
Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31
Dec. 1
Jan. 1Mar. 1June 1Sept. 1Dec. 1Dec. 31
SHOW LIST OF ACCOUNTS
Solution
Journal Entries:
Date
Account Titles and Explanation
Debit
Credit
Mar. 1
Treasury Stock (5700*$9)
$ 51,300.00
Cash
$ 51,300.00
(Being shares repurchased )
June. 1
Cash (1040*$13)
$ 13,520.00
Paid-in Capital from Treasury Stock = 13520 - 9360
$ 4,160.00
Treasury Stock (1040*$9)
$ 9,360.00
(Being treasury shares reissued)
Sept. 1
Cash (1980*$10)
$ 19,800.00
Paid-in Capital from Treasury Stock = 19800-17820
$ 1,980.00
Treasury Stock (1980*$9)
$ 17,820.00
(Being treasury shares reissued)
Dec. 1
Cash (1310*$7)
$ 9,170.00
Paid-in Capital from Treasury Stock = 11790-9170
$ 2,620.00
Treasury Stock (1310*$9)
$ 11,790.00
(Being treasury shares reissued)
Dec. 31
Income Summary
$ 32,820.00
Retained Earnings
$ 32,820.00
(Being bet inc0me closed)
Paid-in Capital from Treasury Stock
Date
Explanation
Ref.
Debit
Credit
Balance
June. 1
J10
$ 4,160.00
$ 4,160.00
Sept. 1
J10
$ 1,980.00
$ 6,140.00
Dec. 1
J10
$ 2,620.00
$ 3,520.00
Treasury Stock
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
J10
$ 51,300.00
$ 51,300.00
June. 1
J10
$ 9,360.00
$ 41,940.00
Sept. 1
J10
$ 17,820.00
$ 24,120.00
Dec. 1
J10
$ 11,790.00
$ 12,330.00
Retained Earnings
Date
Explanation
Ref.
Debit
Credit
Balance
Balance
$ 100,450.00
$ 100,450.00
Dec. 31
J10
$ 32,820.00
$ 133,270.00
FECHTER CORPORATION
Balance Sheet (Partial)
For the Year Ended December 31, 2017
Common Stock ($5 par)
$ 536,800.00
Paid-in Capital in Excess of Par—Common Stock
$ 193,790.00
Retained Earnings
$ 133,270.0.
Problem 8-9A certain investment requires an initial outlay of $12 .pdfajantahandlooms14
Problem 8-9
A certain investment requires an initial outlay of $12 million and subsequently produces annual
cash inflows of $1.4 million in perpetuity. A firm evaluating this investment uses a discount rate
of 10%.
What is the investment’s NPV?
What is the EVA each period?
What is the present value of the stream of EVAs?
Solution
a.The NPV = PV of future cash flows - inital investment
PV of future cash flows = 1,400,000 *(1/0.10) = 14,000,000
Inital outlay = 12,000,000
Hence NPV = 14,000,000 -12,000,000 = 2,000,000
b. EVA for each period = 1,400,000 - (0.10*12,000,000) = 200,000 = 0.2 Million
c. EVA of the stream = 0.2/0.10 = 2 Miilion = 2,000,000.
Problem 5At a constant interest rate of 15, compounded annually, .pdfajantahandlooms14
Problem 5
At a constant interest rate of 15%, compounded annually, what is the present value of an income
stream paying $50 next quarter and growing at 2% per quarter until the end of the third year?
From that point on it grows at 1% per quarter indefinitely.
Solution
The income grows by 2% for first 12 quarters after which it grows perpetually at 1% per quarter.
Interest rate, r = 15% p.a. = 15/4 = 3.75% quarterly
The income stream looks as shown below
Quarter
Income(I)
Remarks
1
50.00
2
51.00
2% increase
3
52.02
2% increase
4
53.06
2% increase
5
54.12
2% increase
6
55.20
2% increase
7
56.31
2% increase
8
57.43
2% increase
9
58.58
2% increase
10
59.75
2% increase
11
60.95
2% increase
12
62.17
2% increase
13
62.79
1% increase
Present Value,PV = I1/(1+r) + I2/(1+r)2 + I3/(1+r)3+ ........ + I12/(1+r)12 + I13/(1+r)13 + ....
constant growth
So PV = I1/(1+r) + I2/(1+r)2+ I2/(1+r)2+ .........+ I12/(1+r)12+ I13/((1+r)13*(r-g)) {Infinite
GP series formula used} where g = 1% or 0.01
So PV = 48.19 + 47.38 + 46.58 + 45.80 + 45.02 + 44.26+ 43.52+ 42.78+
42.06+41.35+40.65+39.97+1414.87
So Present Value, PV = $1942.43
Quarter
Income(I)
Remarks
1
50.00
2
51.00
2% increase
3
52.02
2% increase
4
53.06
2% increase
5
54.12
2% increase
6
55.20
2% increase
7
56.31
2% increase
8
57.43
2% increase
9
58.58
2% increase
10
59.75
2% increase
11
60.95
2% increase
12
62.17
2% increase
13
62.79
1% increase.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
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How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
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2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
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How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
Mental health has been in the news quite a bit lately. Dozens of U.S. states are currently suing Meta for contributing to the youth mental health crisis by inserting addictive features into their products, while the U.S. Surgeon General is touring the nation to bring awareness to the growing epidemic of loneliness and isolation. The country has endured periods of low national morale, such as in the 1970s when high inflation and the energy crisis worsened public sentiment following the Vietnam War. The current mood, however, feels different. Gallup recently reported that national mental health is at an all-time low, with few bright spots to lift spirits.
To better understand how Americans are feeling and their attitudes towards mental health in general, ThinkNow conducted a nationally representative quantitative survey of 1,500 respondents and found some interesting differences among ethnic, age and gender groups.
Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
While technology has helped us keep in touch with friends and family in faraway places, it appears to have degraded our ability to connect in person. Staying connected online is a double-edged sword since the same news feed that brings us pictures of the grandkids and fluffy kittens also feeds us news about the wars in Israel and Ukraine, the dysfunction in Washington, the latest mass shooting and the climate crisis.
Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
When asked how individuals rate their mental health, men rate it higher than women by 11 percentage points, and Baby Boomers rank it highest at 83%, saying it’s good or excellent vs. 57% of Gen Z saying the same.
Gen Z spends the most amount of time on social media, so the notion that social media negatively affects mental health appears to be correlated. Unfortunately, Gen Z is also the generation that’s least comfortable discussing mental health concerns with healthcare professionals. Only 40% of them state they’re comfortable discussing their issues with a professional compared to 60% of Millennials and 65% of Boomers.
Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
This article is all about what AI trends will emerge in the field of creative operations in 2024. All the marketers and brand builders should be aware of these trends for their further use and save themselves some time!
A report by thenetworkone and Kurio.
The contributing experts and agencies are (in an alphabetical order): Sylwia Rytel, Social Media Supervisor, 180heartbeats + JUNG v MATT (PL), Sharlene Jenner, Vice President - Director of Engagement Strategy, Abelson Taylor (USA), Alex Casanovas, Digital Director, Atrevia (ES), Dora Beilin, Senior Social Strategist, Barrett Hoffher (USA), Min Seo, Campaign Director, Brand New Agency (KR), Deshé M. Gully, Associate Strategist, Day One Agency (USA), Francesca Trevisan, Strategist, Different (IT), Trevor Crossman, CX and Digital Transformation Director; Olivia Hussey, Strategic Planner; Simi Srinarula, Social Media Manager, The Hallway (AUS), James Hebbert, Managing Director, Hylink (CN / UK), Mundy Álvarez, Planning Director; Pedro Rojas, Social Media Manager; Pancho González, CCO, Inbrax (CH), Oana Oprea, Head of Digital Planning, Jam Session Agency (RO), Amy Bottrill, Social Account Director, Launch (UK), Gaby Arriaga, Founder, Leonardo1452 (MX), Shantesh S Row, Creative Director, Liwa (UAE), Rajesh Mehta, Chief Strategy Officer; Dhruv Gaur, Digital Planning Lead; Leonie Mergulhao, Account Supervisor - Social Media & PR, Medulla (IN), Aurelija Plioplytė, Head of Digital & Social, Not Perfect (LI), Daiana Khaidargaliyeva, Account Manager, Osaka Labs (UK / USA), Stefanie Söhnchen, Vice President Digital, PIABO Communications (DE), Elisabeth Winiartati, Managing Consultant, Head of Global Integrated Communications; Lydia Aprina, Account Manager, Integrated Marketing and Communications; Nita Prabowo, Account Manager, Integrated Marketing and Communications; Okhi, Web Developer, PNTR Group (ID), Kei Obusan, Insights Director; Daffi Ranandi, Insights Manager, Radarr (SG), Gautam Reghunath, Co-founder & CEO, Talented (IN), Donagh Humphreys, Head of Social and Digital Innovation, THINKHOUSE (IRE), Sarah Yim, Strategy Director, Zulu Alpha Kilo (CA).
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
The search marketing landscape is evolving rapidly with new technologies, and professionals, like you, rely on innovative paid search strategies to meet changing demands.
It’s important that you’re ready to implement new strategies in 2024.
Check this out and learn the top trends in paid search advertising that are expected to gain traction, so you can drive higher ROI more efficiently in 2024.
You’ll learn:
- The latest trends in AI and automation, and what this means for an evolving paid search ecosystem.
- New developments in privacy and data regulation.
- Emerging ad formats that are expected to make an impact next year.
Watch Sreekant Lanka from iQuanti and Irina Klein from OneMain Financial as they dive into the future of paid search and explore the trends, strategies, and technologies that will shape the search marketing landscape.
If you’re looking to assess your paid search strategy and design an industry-aligned plan for 2024, then this webinar is for you.
5 Public speaking tips from TED - Visualized summarySpeakerHub
From their humble beginnings in 1984, TED has grown into the world’s most powerful amplifier for speakers and thought-leaders to share their ideas. They have over 2,400 filmed talks (not including the 30,000+ TEDx videos) freely available online, and have hosted over 17,500 events around the world.
With over one billion views in a year, it’s no wonder that so many speakers are looking to TED for ideas on how to share their message more effectively.
The article “5 Public-Speaking Tips TED Gives Its Speakers”, by Carmine Gallo for Forbes, gives speakers five practical ways to connect with their audience, and effectively share their ideas on stage.
Whether you are gearing up to get on a TED stage yourself, or just want to master the skills that so many of their speakers possess, these tips and quotes from Chris Anderson, the TED Talks Curator, will encourage you to make the most impactful impression on your audience.
See the full article and more summaries like this on SpeakerHub here: https://speakerhub.com/blog/5-presentation-tips-ted-gives-its-speakers
See the original article on Forbes here:
http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/carminegallo/2016/05/06/5-public-speaking-tips-ted-gives-its-speakers/&refURL=&referrer=#5c07a8221d9b
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
Everyone is in agreement that ChatGPT (and other generative AI tools) will shape the future of work. Yet there is little consensus on exactly how, when, and to what extent this technology will change our world.
Businesses that extract maximum value from ChatGPT will use it as a collaborative tool for everything from brainstorming to technical maintenance.
For individuals, now is the time to pinpoint the skills the future professional will need to thrive in the AI age.
Check out this presentation to understand what ChatGPT is, how it will shape the future of work, and how you can prepare to take advantage.
A brief introduction to DataScience with explaining of the concepts, algorithms, machine learning, supervised and unsupervised learning, clustering, statistics, data preprocessing, real-world applications etc.
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The six step guide to practical project management
If you think managing projects is too difficult, think again.
We’ve stripped back project management processes to the
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Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Problem 6. Bag 1 has 2 red chips and 4 white chips. Bag 2 has 3 red .pdf
1. Problem 6. Bag 1 has 2 red chips and 4 white chips. Bag 2 has 3 red chips and 1 white chip. A
chip is drawn from Bag 1 and placed into Bag 2. Then a chip is drawn from Bag 2. What is the
probability that this chip is red?
Solution
1 in 4 Chance she'll pick a green chip. 4 red/16 Total =1/4 or 25%