Questions
Show your work in Excel and submit your excel sheet. Q. Your brother, age 30, working...

Show your work in Excel and submit your excel sheet.

Q. Your brother, age 30, working for ABC Corp. wants to quit his job and go back to school for MBA degree. At his current job, he is making $60000 per year and was planning to work until age 65 years. If he goes back to school, he will forego two years of income, but his real income after graduation would be $90000 per year until retirement at age 65. He has been accepted to an MBA program that costs a real $40000 per year. If his real opportunity cost is 10 percent, would leaving his job to get an MBA be a smart financial decision? Show all your calculations along with the recommendation.

In: Finance

You are the accounting manager of ABC Inc, which sells laptops. Your company has the following...

You are the accounting manager of ABC Inc, which sells laptops. Your company has the following transactions for the month of December, 2019:

  1. December 1st: Ordered 10,000 laptops from Park Inc and paid cash of $200.
  2. December 1st: Bought a delivery truck from Arthur Motors Inc for $36,000. You estimate that this delivery truck can be used for anywhere between 12 to 36 months.
  3. December 5th: Spent $20 in cash on each laptop to package it.
  4. Dec 10th: Delivered 10,000 laptops for a price of $500 to Bata Inc. and received cash for the entire order.
  5. December 20th: Ordered 5,000 laptops from Park Inc. and paid cash of $250.
  6. December 29th: Received a call from Home Inc. saying that they want 5,000 ($500 each)laptops. Home Inc. said that they can receive delivery any time between December 30th, 2019 and January 5th, 2020. You also know that Home Inc. will only be able to pay in February, 2020 as it is going through financial trouble. A credit check allowed you to find out that Home Inc. will only be able to pay between 80 – 90% of the full amount.

Your CEO, Mrs. Hop, asks you to present her some accounting numbers by the end of day on December 31st, 2019.

a) What is the highest value of net income you can report to her? (1.5 points)

b) What is the lowest value of net income you can report to her? (1.5 points)

c) What is the highest value of cash provided by operations you can report to her? (1.5 points)

d)What is the lowest value of cash provided by operations you can report to her? (1.5 points)

Please show the formula.

In: Accounting

Suppose you’re considering to career paths: Work as a grocery store clerk for the 40 years...

Suppose you’re considering to career paths:

Work as a grocery store clerk for the 40 years making $1000 a mont.

Go to college in accounting at an additional cost of $400 a month (12 months/ year) for four years. After obtaining your degree you will make $1,400.00 per month the first and second years out of school. You will then quit your job and go get your MBA which will cost you $850.00 per month for 24 months. After obtaining your MBA, you will make 2000 and $500 per month for 32 years.

Sami start working immediately after college and your MBA (because you were smart and started looking for work 9 months before you graduated). Assume that all cash flow’s or at the end of the month and that the applicable interest rate is 9.60% compounded monthly.

A) considering only the cashless, what is the PV of your future earnings if you pursue the grocery store clerk career?

B) considering only cash flows, what is the PV of your future earnings (net of incremental college costs) if you pursue the accounting-MBA career?

In: Finance

40. Suppose the company E-bikes R US is the sole supplier of e-bikes. The more elastic...

40. Suppose the company E-bikes R US is the sole supplier of e-bikes. The more elastic the
demand curve faced by E-bikes R US, the monopolist
A) will have a larger Lerner Index.
B) will face a lower marginal cost.
C) will earn more profit.
D) will lose more sales as it raises its price.


41. Suppose the company E-bikes R US is the sole supplier of e-bikes. As other e-bike firms
enter the market, the market power of E-bikes R US
A) is unaffected.
B) declines.
C) increases.
D) increases according to the Lerner Index but decreases according to the price/marginal cost
ratio.


42. Suppose the company E-bikes R US is the sole supplier of e-bikes and faces the following
inverse demand function: p = 100 - 2Q, and total cost is given by TC = 16q + 2. The
deadweight loss from E-bikes R US equals
A) $21.
B) $441.
C) $882.
D) $1,764.

In: Economics

Bonita Inc. had the following long-term receivable account balances at December 31, 2019. Note receivable from...

Bonita Inc. had the following long-term receivable account balances at December 31, 2019.

Note receivable from sale of division $2,400,000
Note receivable from officer 481,900


Transactions during 2020 and other information relating to Bonita’s long-term receivables were as follows.

1. The $2,400,000 note receivable is dated May 1, 2019, bears interest at 9%, and represents the balance of the consideration received from the sale of Bonita’s electronics division to New York Company. Principal payments of $800,000 plus appropriate interest are due on May 1, 2020, 2021, and 2022. The first principal and interest payment was made on May 1, 2020. Collection of the note installments is reasonably assured.
2. The $481,900 note receivable is dated December 31, 2019, bears interest at 8%, and is due on December 31, 2022. The note is due from Sean May, president of Bonita Inc. and is collateralized by 12,048 shares of Bonita’s common stock. Interest is payable annually on December 31, and all interest payments were paid on their due dates through December 31, 2020. The quoted market price of Bonita’s common stock was $44 per share on December 31, 2020.
3. On April 1, 2020, Bonita sold a patent to Pennsylvania Company in exchange for a $102,000 zero-interest-bearing note due on April 1, 2022. There was no established exchange price for the patent, and the note had no ready market. The prevailing rate of interest for a note of this type at April 1, 2020, was 12%. The present value of $1 for two periods at 12% is 0.797 (use this factor). The patent had a carrying value of $40,800 at January 1, 2020, and the amortization for the year ended December 31, 2020, would have been $8,160. The collection of the note receivable from Pennsylvania is reasonably assured.
4.

On July 1, 2020, Bonita sold a parcel of land to Splinter Company for $200,000 under an installment sale contract. Splinter made a $60,000 cash down payment on July 1, 2020, and signed a 4-year 11% note for the $140,000 balance. The equal annual payments of principal and interest on the note will be $45,125 payable on July 1, 2021, through July 1, 2024. The land could have been sold at an established cash price of $200,000. The cost of the land to Bonita was $150,000. Circumstances are such that the collection of the installments on the note is reasonably assured.

Prepare a schedule showing the current portion of the long-term receivables and accrued interest receivable that would appear in Bonita’s balance sheet at December 31, 2020.

In: Accounting

Elaborate the Agency Theory on the movie "the founder" identify and elaborate on the issues in...

Elaborate the Agency Theory on the movie "the founder" identify and elaborate on the issues in the movie

In: Finance

On January 2, 2019, Whistler Company purchased land for $450,000, from which it is estimated that...

On January 2, 2019, Whistler Company purchased land for $450,000, from which it is estimated that 350,000 tons of ore could be extracted. It estimates that the present value of the cost necessary to restore the land is $59,000, after which it could be sold for $21,000.

During 2019, Whistler mined 73,000 tons and sold 51,000 tons. During 2020, Whistler mined 95,000 tons and sold 103,000 tons. At the beginning of 2021, Whistler spent an additional $90,000, which increased the reserves by 57,000 tons. In 2021, Whistler mined 131,000 tons and sold 124,000 tons. Whistler uses a FIFO cost flow assumption.

Required:

If required, round the depletion rate to the nearest cent and round the final answers to the nearest dollar.

1. Calculate the depletion included in the income statement and ending inventory for 2019, 2020, and 2021.

2019 Depletion deducted from income $
Depletion included in inventory $
2020 Depletion deducted from income $
Depletion included in inventory $
2021 Depletion deducted from income $
Depletion included in inventory $

2. Complete the natural resources section of the balance sheet on December 31, 2019, 2020, and 2021, assuming that an accumulated depletion account is used.

Whistler Company
Balance Sheet (partial)
December 31, 2019 - 2021
December 31, 2019
Mineral ore resources $
Less: Accumulated depletion
$
December 31, 2020
Mineral ore resources $
Less: Accumulated depletion
$
December 31, 2021
Mineral ore resources $
Less: Accumulated depletion
$

3. Assume Whistler's discount rate was 9%. What is the balance in the asset retirement obligation at 2019, 2020, and 2021?

Whistler Company
Asset retirement obligation
2019 - 2021
December 31, 2019 $
December 31, 2020 $
December 31, 2021 $

In: Accounting

For this assignment, you will submit a Cover Letter, Resume', and References. You can use a...

For this assignment, you will submit a Cover Letter, Resume', and References. You can use a real company and job, or you can use a fictitious company and job. Regardless, make the letter to someone and include information as if you are applying for a real job. Please submit 15 questions that might be asked in an interview plus 5 questions you might ask the interviewer.

In: Operations Management

Suppose the following data were collected relating CEO salary to years of experience and gender. Use...

Suppose the following data were collected relating CEO salary to years of experience and gender. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average male CEOs have higher salaries than female CEOs at the 0.010.01 level of significance? If yes, type the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence."

Copy Data

CEO Salaries
Salary Experience Male (1 if male, 0 if female)
100978.79100978.79 1818 00
134750.31134750.31 2020 11
82777.4482777.44 11 11
101472.37101472.37 1919 00
100000.00100000.00 1515 00
125574.97125574.97 2020 11
74970.6274970.62 44 11
85390.0885390.08 88 11
107504.05107504.05 2828 00
105981.49105981.49 2626 00
97737.9197737.91 1010 11
115000.00115000.00 1515 11
82528.6282528.62 33 11
104295.79104295.79 2828 00
103053.49103053.49 2525 00
105575.83105575.83 1212 11
100000.00100000.00 1515 00
101694.06101694.06 1818 00
85141.2685141.26 77 11
108282.06108282.06 3030 00

Answer(How to Enter)

2 Points

Keypad

Selecting a checkbox will replace the entered answer value(s) with the checkbox value. If the checkbox is not selected, the entered answer is used.

SALARYi=SALARYi= b0  ++ b1 EXPERIENCEiEXPERIENCEi ++ b2 MALEi+eiMALEi+ei

There is not enough evidence

In: Statistics and Probability

One of the major goals of Healthy People 2020 is increasing the quality and years of...

One of the major goals of Healthy People 2020 is increasing the quality and years of healthy life and eliminating health disparities. Projections are for a continuing increase in life expectancy through the first half of this century. What impact will this have on public health in the US?

In: Nursing