Please prepare the following
A. An entry for the following transactions of Elirene Mosquera Automobile Shop for the month of October, 2020:
B. Prepare trial balance, income statement and balance sheet.
October 1 Elirene Mosquera invested P420,000 in the business.
4 Purchased shop supplies for cash, P3,000.
6 Purchased additional supplies, P3,000, and shop equipment, P2,500 on credit from Rio Feliciano Trading.
10 Repaired the cargo truck of Jet payapag, P5,600 and collected P3,200.
11 Paid Rio Feliciano Trading, P1,200 as partial settlement of the account due to it.
14 Repaired the stare car of Maileen Flores on credit, P12,000.
19 Paid 1/2 of the amount still due to Rio Feliciano Trading.
20 Bought additional supplies from Mahilom Trading, P10,000 in cash.
25 Rendered service to Erika Bernasol on credit amounting to P1,300.
27 Paid water bill for the month, P2,100.
29 Collected P500 from Erika Bernasol as partial settlement of the account.
30 Paid the remaining balance owed to Rio Feliciano.
31 Paid telephone bill for the month amounting to P3,000.
In: Accounting
In: Operations Management
A curtain manufacturer receives three orders for curtain material with widths and lengths as follows:
Order number: 1 2 3
Width (m) : 2.5 3.8 4.9
Length (number of rolls) : 30 50 10
1 2.5 30 2 3.8 50 3 4.9 10 Rolls of curtain material are produced in two standard widths, 5 and 10 m. These can be cut to the sizes specified by the order. There is no practical length limitation as rolls can be joined together. Determine the production plan that minimizes the curtain material trim loss.
In: Operations Management
Project L costs $35,000, its expected cash inflows are $13,000 per year for 11 years, and its WACC is 14%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.
Project L costs $65,631.23, its expected cash inflows are $13,000 per year for 11 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places.
Project L costs $75,000, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 13%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.
Project L costs $60,000, its expected cash inflows are $15,000 per year for 9 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places.
Project L costs $30,000, its expected cash inflows are $8,000 per year for 8 years, and its WACC is 10%. What is the project's discounted payback? Round your answer to two decimal places.
In: Accounting
Dividends on Preferred and Common Stock
Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $48,000; Year 2, $96,000; Year 3, $216,000; Year 4, $264,000; Year 5, $348,000; and Year 6, $432,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative preferred 4% stock, $100 par, and 100,000 shares of common stock, $5 par.
Required:
1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of Year 1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0".
Preferred Dividends | Common Dividends | ||||||||||||||||||||
Year |
Total Dividends |
Total |
Per Share |
Total |
Per Share |
||||||||||||||||
Year 1 | $ 48,000 | $ | $ | $ | $ | ||||||||||||||||
Year 2 | 96,000 | ||||||||||||||||||||
Year 3 | 216,000 | ||||||||||||||||||||
Year 4 | 264,000 | ||||||||||||||||||||
Year 5 | 348,000 | ||||||||||||||||||||
Year 6 | 432,000 | ||||||||||||||||||||
$ | $ |
2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places.
Average annual dividend for preferred | $ per share |
Average annual dividend for common | $ per share |
3. Assuming a market price per share of $204 for the preferred stock and $9 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share for preferred stock and for common stock.
Round your answers to two decimal places.
Preferred stock | % |
Common stock | % |
Check My Work
In: Accounting
AFN EQUATION
Broussard Skateboard's sales are expected to increase by 20%
from $7.4 million in 2018 to $8.88 million in 2019. Its assets
totaled $5 million at the end of 2018.
Broussard is already at full capacity, so its assets must grow at
the same rate as projected sales. At the end of 2018, current
liabilities were $1.4 million, consisting of $450,000 of accounts
payable, $500,000 of notes payable, and $450,000 of accruals. The
after-tax profit margin is forecasted to be 3%, and the forecasted
payout ratio is 50%. What would be the additional funds needed? Do
not round intermediate calculations. Round your answer to the
nearest dollar.
$ ????
Assume that the company's year-end 2018 assets had been $6 million. Is the company's "capital intensity" ratio the same or different?
The capital intensity ratio is measured as A0*/S0. Broussard's current capital intensity ratio is (SELECT ANSWER: Higher than, Lower than, equal to) that of the firm with $6 million year-end 2018 assets; therefore, Broussard is (SELECT ANSWER: Less, More, Same) capital intensive - it would require (SELECT ANSWER: A Smaller, A larger, The same) increase in total assets to support the increase in sales.
In: Finance
Donnie Hilfiger has two classes of stock authorized: $1 par
preferred and $0.01 par value common. As of the beginning of 2018,
300 shares of preferred stock and 4,000 shares of common stock have
been issued. The following transactions affect stockholders’ equity
during 2018:
March 1 Issue 1,100 shares of common stock for $42 per
share.
May 15 Purchase 400 shares of treasury stock for $35 per
share.
July 10 Reissue 200 shares of treasury stock purchased on May 15
for $40 per share.
October 15 Issue 200 shares of preferred stock for $45 per
share.
December 1 Declare a cash dividend on both common and preferred
stock of $0.50 per share to all stockholders of record on December
15. (Hint: Dividends are not paid on treasury
stock.)
December 31 Pay the cash dividends declared on December 1.
Donnie Hilfiger has the following beginning balances in its stockholders’ equity accounts on January 1, 2018: Preferred Stock, $300; Common Stock, $40; Additional Paid-in Capital, $76,000; and Retained Earnings, $30,500. Net income for the year ended December 31, 2018, is $10,800.
Required:
1. Record each of these transactions.
(I need the most help on the Dividends and Dividends payable amounts from december 1st and december 30th)
In: Accounting
Amelia currently has $1,000 in an account with an annual rate of return of 4.3%. She wants to have $3000 for a trip to Canada when she graduates in 4 years. How much will she have to save each month to afford her trip?
In: Finance
AFN equation
Broussard Skateboard's sales are expected to increase by 20%
from $9.0 million in 2018 to $10.80 million in 2019. Its assets
totaled $2 million at the end of 2018.
Broussard is already at full capacity, so its assets must grow at
the same rate as projected sales. At the end of 2018, current
liabilities were $1.4 million, consisting of $450,000 of accounts
payable, $500,000 of notes payable, and $450,000 of accruals. The
after-tax profit margin is forecasted to be 5%, and the forecasted
payout ratio is 65%. Use the AFN equation to forecast Broussard's
additional funds needed for the coming year. Enter your answer in
dollars. For example, an answer of $1.2 million should be entered
as $1,200,000. Do not round intermediate calculations. Round your
answer to the nearest dollar.
In: Finance
Company Name: Emaar Properties UAE
Firstly, identify your workplace and department
1) We assume that your organization has the best Business Ethics if so explain how your organization is satisfying all the external and internal stake holders like products, operations, markets, industry, and outcomes, Customers, Investors, Employees, Suppliers, Government agencies, Communities, Media, trade associations, and special interest groups
2) Please Explain the extent to which your Organizational businesses ethics strategically meet their economic, legal, ethical, and philanthropic social responsibilities
Note : Plagiarism is prohibited please do not copy from internet answer approximatly 700 word
In: Operations Management
Sam, one of your senior professionals, has resigned unexpectedly to join one of your competitors. He was responsible for transaction with Magnolia Corporation, where he has a close relationship with the CEO, J.W. Crawford. You know there is a good chance that Magnolia might go with Sam, if you do not put a n experienced and knowledgeable person on the account. This is your largest account and you do not want to lose it. In the past both the company and Sam have made a lot of money from various deals with Magnolia.
Your know from Sam’s client notes and from your previous visits to Magnolia, that J.W. belongs to the ‘old school’ and is most comfortable to do business with “one of the boys”. Last year when Sam was visiting Magnolia, he went on a hunting trip with J.W. The final night of the trip J.W. surprised them with a “special treat”. He invited a stripper to entertain them after a long dinner and plenty of drinks. On another occasion when Sam was there with Elaine Jones, who is a senior person at your firm, J.W. paid little attention to what she had to say and kept referring to her as “honey”. ON her way out of his office, J.W. gave her a pat on her behind.
Elaine is really the only person who knows J.W.’s business and has the expertise an seniority to takes Sam’s place. Ordinarily there would be no question of her taking over the account, because of her experience and her track record. Elaine is not known to turn down lucrative deals. However, knowing what you know about J.W., you wonder if she’s the person for the job.
Answer the questions below in short, one paragraph or bullet point style answers.
Questions:
a. Consequentialist
b. Deontological
c. Virtue Ethics
4. What would you do? Justify your answer based on your analysis in Question 2.
In: Operations Management
6a:
Midgley Corporation makes a product whose direct labor standards
are 1.9 hours per unit and $20.00 per hour. In April, the company
produced 6,000 units using 10,930 direct labor-hours. The actual
direct labor cost was $209,310.
The labor efficiency variance for April is:
$9,400 U
$9,400 F
$9,319 F
$9,428 U
6b:
Midgley Corporation makes a product whose direct labor standards
are 0.9 hours per unit and $10.00 per hour. In April, the company
produced 5,000 units using 4,260 direct labor-hours. The actual
direct labor cost was $41,110.
The labor rate variance for April is:
$1,625 U
$1,490 F
$1,625 F
$1,490 U
6c:
Blaster, Inc., manufactures portable radios. Each radio requires
3 units of Part XBEZ52, which has a standard cost of $1.20 per
unit. During May, the company purchased 12,400 units of the part
for a total of $15,500. Also during May, the company manufactured
3,000 radios, using 9,900 units of part XBEZ52. The direct
materials purchases variance is computed when the materials are
purchased.
During May, the materials price variance for part XBEZ52 was:
$470 U
$470 F
$620 F
$620 U
In: Accounting
Below is a spreadsheet that has the annual return measured for 12 different stock investments. The spreadsheet shows the average return and standard deviation of the return for the past 15 years. Use this spreadsheet and spreadsheet commands to do the following:
Compute the return for each year on a portfolio that contains an equal investment in all 12 securities.
Compute the 15-year average return and standard deviation of return for the portfolio that consists of all 12 securities with equally weighted investment.
Compute the correlation and covariance between the return on company #12 and the return on the equally-weighted portfolio. Hint: There is a spreadsheet command that does this calculation.
Compute the beta of Company #12 using the information you have collected.
Now using the beta you created for Company #12, compute the required rate of return using the Capital Asset Pricing Model (CAPM), assuming that the average market return is the return of your equally-weighted portfolio and the risk-free rate of return is 2.5%.
If you were told analysts estimate that Company #12 will have a 5% rate of return next year, would you buy the stock? Why or why not?
COMPUTE ALL CALCULATIONS IN AN EXCEL SPREADSHEET AND POST IT HERE, THANK YOU
Comp. #1 | Comp. #2 | Comp. #3 | Comp. #4 | Comp. #5 | Comp. #6 | Comp. #7 | Comp. #8 | Comp. #9 | Comp. #10 | Comp. #11 | Comp. #12 | |
Return | Return | Return | Return | Return | Return | Return | Return | Return | Return | Return | Return | |
2012 | 3.60% | -10.04% | -1.38% | 5.25% | -3.50% | 0.14% | 5.33% | -2.55% | 14.18% | 14.76% | -3.35% | 0.10% |
2011 | 54.44% | 23.22% | 0.55% | 15.35% | 0.22% | 22.32% | 23.55% | 23.00% | 36.36% | 42.15% | 9.90% | -0.10% |
2010 | -29.30% | -18.92% | -44.54% | -22.24% | -17.66% | 11.87% | -1.93% | -5.68% | -39.86% | 6.04% | 5.36% | -9.57% |
2009 | -37.57% | -11.88% | -6.00% | -13.93% | -16.09% | 6.23% | -15.42% | -55.35% | -5.78% | 9.63% | 13.75% | 33.93% |
2008 | -11.00% | -11.64% | -9.39% | -4.00% | -2.80% | 12.18% | 3.33% | -3.33% | 4.18% | -4.76% | -7.85% | -5.33% |
2007 | 7.11% | 13.59% | 0.52% | 26.35% | -6.06% | 23.92% | 22.90% | 4.23% | -46.36% | 59.17% | 6.02% | -37.79% |
2006 | 20.91% | 18.92% | -44.54% | 2.24% | -17.66% | 11.87% | 1.93% | -5.68% | 39.86% | 6.04% | 5.36% | 9.57% |
2005 | 16.02% | 11.88% | -6.00% | -13.93% | 16.09% | 6.23% | 15.42% | 55.35% | -5.78% | -9.63% | 13.75% | 33.93% |
2004 | 55.35% | 23.14% | 43.33% | 23.33% | 0.33% | -1.08% | -1.44% | 38.53% | 35.44% | 9.40% | -15.05% | 49.56% |
2003 | -11.56% | 23.00% | -38.30% | -3.53% | 5.07% | -6.58% | -5.12% | -13.43% | -12.18% | -24.68% | -7.69% | -37.39% |
2002 | 11.52% | 39.67% | -28.46% | -20.72% | -6.22% | -8.25% | 22.70% | -2.60% | -32.87% | -13.16% | -34.55% | -20.56% |
2001 | -0.23% | -1.48% | -51.99% | 7.35% | 16.54% | 1.83% | 32.25% | 47.38% | 11.10% | 2.96% | -51.00% | -14.48% |
2000 | 3.10% | 13.56% | -7.33% | -11.03% | 17.69% | 44.92% | 0.93% | -3.72% | -9.20% | -4.87% | 298.67% | 6.04% |
1999 | -3.43% | -7.16% | 47.74% | 2.39% | 4.27% | 31.57% | 19.44% | -3.90% | 12.12% | 53.37% | -19.46% | 62.66% |
1998 | 31.48% | 45.52% | 53.49% | 29.15% | 58.33% | 67.99% | 25.12% | 0.44% | 26.83% | 50.67% | 40.62% | 6.72% |
In: Finance
In C++, please check for memory leaks
Recursive Functions
Goals
Create and use recursive functions
In this lab, we will write a program that uses three recursive functions.
Requirements:
Important: You must use the array for this lab, no vectors allowed.
First Recursive Function
Write a function that recursively prints a string in reverse. The function has ONLY one parameter of type string. It prints the reversed character to the screen followed by a newline character.
Example: Input of “Hello, world” should output “dlrow ,olleH(newline)”.
Note: Your recursive function just needs to print the reverse of the string rather than actually reversing the string itself.
Second Recursive Function
Write a function that recursively calculates the sum of an array of integers. The function has 2 parameters:
A pointer to the integer array
An integer for the number of elements in the array.
The function must use a recursive call to sum the value of all integers.
Third Recursive Function
Write a function that recursively calculates the triangular number of an integer N. You can set an up-limit for N. You don’t need to handle extra large integers.
The function has one parameter that take in integer N.
Example: If the integer N is 3, the function
should output the triangular number 6, since 1 + 2 + 3 = 6.
For more information on triangular number: https://en.wikipedia.org/wiki/Triangular_number (Links to an external site.)Links to an external site.
Menu
Your program needs to demonstrate all three functions by providing a menu.
The menu should provide user choices to select one of the three functions to call, after prompting user input for function call and the function outputs results, the menu should go back to the first menu to let the user continue choosing functions to call.
If user choose function #1, the menu should prompt the user to enter a string and your program reversely prints the string
Note: Use getline() in standard library so the input takes space characters.
If user chooses function #2, the menu should first prompt the user an integer input for the number of integers in the array, then a series of integers to fill the array. Afterwards, the program prints sum of the array of integers.
If the user chooses function #3, the menu should prompt the user an integer, then the program prints the triangular number of that number.
In addition to the 3 function options inside the first menu, the menu must also provide the option to quit the program. You can add input validation functions into these the menu to make it robust.
File organization
*You can put all your recursive functions in a single .cpp file or separate them into different .cpp files. However, you must separate the implementation and declaration in .cpp and .hpp files. Note: You do not need to make a class for this lab.
In: Computer Science
Charles Maxwell is starting a cheesecake bakery, Able Baker Charlie Company, to produce and sell different flavored cheesecakes to restaurants and the general public. He has just begun his study of accounting, and is a bit confused about the many types of reports he has read about and how they will help him run his business. He asks you to help him clarify what the differences between managerial accounting and financial accounting are. He’s also wondering how to set up his inventory, how to classify the costs of his business, and how to fill in some missing information.
Managerial vs. Financial
Select whether the following characteristics are most often associated with managerial accounting or financial accounting.
Primarily used for internal decision making | Managerial Accounting |
Generally Accepted Accounting Principles (GAAP) must be used | Financial Accounting |
Prepared statements usually pertain to the company as a whole rather than individual departments or products | Financial Accounting |
Information provided will often be subjective, such as estimated future results | Managerial Accounting |
Often prepared on an as-needed basis rather than at fixed intervals | Managerial Accounting |
Charles has provided some of the costs he expects to incur as follows. Decide on the classifications that could be applied to each of these costs using the table provided. The cost object in each case is the cheesecake.
(Select "Yes" or "No" from the below dropdowns.)
Cost | Product | Period | Direct | Direct | Factory | Selling | Administrative | Direct | Indirect | Prime | Conversion |
Cost | Cost | Materials | Labor | Overhead | Expense | Expense | Cost | Cost | Cost | Cost | |
Eggs used to make cheesecakes | |||||||||||
Baker’s wages | |||||||||||
Delivery driver wages | |||||||||||
Depreciation of office computers | |||||||||||
Power to run the cheesecake ovens | |||||||||||
President’s salary | |||||||||||
Sales commissions | |||||||||||
Factory supervisor salary |
harles found some sample income statements and balance sheets on the Internet, and asked which of them might be most appropriate for a manufacturing business like his. Review income statements A and B, and balance sheets C and D. Determine which income statement and balance sheet would be most appropriate for a manufacturing business like Able Baker Charlie Company.
Income Statement A
Sample Company A Income Statement For the Year Ended December 31, 20Y8 |
||
Sales | $42,000 | |
Finished goods inventory, January 1, 20Y8 | $5,250 | |
Cost of goods manufactured | 6,400 | |
Cost of finished goods available for sale | $11,650 | |
Finished goods inventory, December 31, 20Y8 | (400) | |
Cost of goods sold | (11,250) | |
Gross profit | $30,750 | |
Operating expenses: | ||
Selling expenses | $6,400 | |
Administrative expenses | 5,250 | |
Total operating expenses | (11,650) | |
Net income | $19,100 |
Income Statement B
Sample Company B Income Statement For the Year Ended December 31, 20Y8 |
||
Sales | $42,000 | |
Beginning inventory | $5,250 | |
Net purchases | 6,400 | |
Inventory available for sale | $11,650 | |
Ending inventory | (400) | |
Cost of goods sold | (11,250) | |
Gross profit | $30,750 | |
Operating expenses: | ||
Selling expenses | $6,400 | |
Administrative expenses | 5,250 | |
Total operating expenses | (11,650) | |
Net income | $19,100 |
Balance Sheet C
Sample Company C Balance Sheet December 31, 20Y8 |
||
Assets | ||
Cash | $20,800 | |
Accounts receivable (net) | 10,000 | |
Inventory | 6,000 | |
Supplies | 2,100 | |
Land | 17,000 | |
Total assets | $55,900 | |
Liabilities | ||
Accounts payable | $17,800 | |
Stockholders’ Equity | ||
Common stock | $19,000 | |
Retained earnings | 19,100 | |
Total stockholders’ equity | 38,100 | |
Total liabilities and stockholders’ equity | $55,900 |
Balance Sheet D
Sample Company D Balance Sheet December 31, 20Y8 |
||
Assets | ||
Cash | $20,800 | |
Accounts receivable (net) | 10,000 | |
Inventory: | ||
Direct materials | $2,500 | |
Work in process | 1,500 | |
Finished goods | 2,000 | |
Total inventory | 6,000 | |
Supplies | 2,100 | |
Land | 17,000 | |
Total assets | $55,900 | |
Liabilities | ||
Accounts payable | $17,800 | |
Stockholders’ Equity | ||
Common stock | $19,000 | |
Retained earnings | 19,100 | |
Total stockholders’ equity | 38,100 | |
Total liabilities and stockholders’ equity | $55,900 |
Which income statement is most appropriate for a manufacturing business?
Income statement A
Which balance sheet is most appropriate for a manufacturing business?
Balance sheet D
At the end of February, after the second month of operations of Able Baker Charlie Company, Charles shows you the data he’s collected, but he was unable to figure out some of the amounts. Review the following data and fill in the missing amounts on the chart for Able Baker Charlie Company. Note: It may be helpful to use T accounts to map the flow of the amounts through the manufacturing accounts and solve for the missing dollar values. It may also be helpful to review the steps for determining the cost of materials used, total manufacturing cost incurred, and cost of goods manufactured.
Data for February | |
Decrease in materials inventory | $3,600 |
Materials inventory on Feb. 28 | 50% of materials inventory on Jan. 31 |
Direct materials purchased | $12,000 |
Direct materials used | 3 times the direct labor incurred |
Total manufacturing costs incurred in period | $27,300 |
Total manufacturing costs incurred in period | 70% of Cost of Goods Manufactured |
Total manufacturing costs incurred in period | $7,000 less than Cost of Goods Sold |
Account Balances | ||||
Account | Jan. 31 | Feb. 28 | Costs Incurred | |
Materials Inventory | $ | $ | Direct Materials Used | $ |
Work in Process Inventory | 21,000 | Direct Labor Incurred | ||
Finished Goods Inventory | 16,000 | Factory Overhead Incurred | ||
Cost of Goods Sold |
In: Accounting