Russia and South Korea experienced exchange rate crises in the late 1990s, but their response was markedly different. First, Russia experienced a dramatic decrease in the value of the Russian ruble relative to the U.S. dollar in 1998. The Russian government responded by suspending payments on foreign debt. Similarly, South Korea experienced a decrease in the value of the won in 1997. In contrast, South Korea did not default on its debt.
Why might these two countries have behaved differently in response to their respective crises? What are the benefits of default? What are the drawbacks?
In: Economics
jogger travels a route that has two parts. The first is a displacement of 2.75 km due south, and the second involves a displacement that points due east. The resultant displacement has a magnitude of 4.25 km. (a) What is the magnitude of , and (b) what is the direction of as a positive angle relative to due south? Suppose that - had a magnitude of 4.25 km. (c) What then would be the magnitude of , and (d) what is the direction of - relative to due south?
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a.) number ___ units ___
b. number____ units _____
c. number____ units_____
d. number____ units_____
In: Physics
12/31/2021 12/31/2022 12/31/2023
Sales $177,600 $182,600
$205,100
Cost of goods sold 98,000 104,500
118,300
Gross margin $79,600 $78,100
$86,800
General and administrative expenses 18,500 20,300
21,200
Operating income $61,100 $57,800
$65,600
Interest expense 2,100 2,400 2,600
Income before taxes $59,000 $55,400
$63,000
Tax expense 9,400 9,600 11,000
Net income $49,600 $45,800 $52,000
What is the working ratio for south Paw veterinary supply on 12/31/2021?
A.8,200 B.3,800 C.1,800 D.56,100
What is the current ratio for South Paw Veterinary Supply on 12/31/2023?
A.13.63 B.0.69 C.1.91 D.0.88
What is the debt ratio for South Paw Veterinary Supply on 12/31/2021?
A.31.19% B.31.43 % C.4.21% D.23.78%
What is the times interest earned ratio for South Paw Veterinary Supply on 12/31/2022?
A.19.08 B.24.08 C.0.05 D.23.08
What is the gross margin percentage for south Paw veterinary Supply on 12/31/2023?
A.31.98% B.25.35% C.42.32% D.22.92%
What is the return on sales for South Paw Veterinary Supply on 12/31/2023?
A.31.98 B.22.92 C.42.32% D.25.35%
In: Economics
Investment Reporting
O’Brien Industries Inc. is a book publisher.
Note 1. Investments are classified as available for sale. The investments at cost and fair value on December 31, Year 1, are as follows:
| No. of Shares | Cost per Share | Total Cost | Total Fair Value | |||||
| Bernard Co. stock | 2,200 | $10 | $22,000 | $20,000 | ||||
| Chadwick Co. stock | 1,000 | 40 | 40,000 | 37,400 | ||||
| $62,000 | $57,400 | |||||||
Note 2. The investment in Jolly Roger Co. stock is an equity method investment representing 30% of the outstanding shares of Jolly Roger Co.
The following selected investment transactions occurred during Year 2:
| May 5. | Purchased 2,600 shares of Gozar Inc. at $18 per share including brokerage commission. Gozar Inc. is classified as an available-for-sale security. |
| Oct. 1. | Purchased $36,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as available for sale. The bonds pay interest on October 1 and April 1. |
| Oct. 9. | Dividends of $10,300 are received on the Jolly Roger Co. investment. |
| Dec. 31. | Jolly Roger Co. reported a total net income of $91,000 for Year 2. O’Brien Industries Inc. recorded equity earnings for its share of Jolly Roger Co. net income. |
| 31. | Accrued three months of interest on the Nightline bonds. |
| 31. | Adjusted the available-for-sale investment portfolio to fair value, using the following fair value per-share amounts: |
| Available-for-Sale Investments | Fair Value |
| Bernard Co. stock | $9 per share |
| Chadwick Co. stock | $35 per share |
| Gozar Inc. stock | $19 per share |
| Nightline Co. bonds | $98 per $100 of face amount |
| Dec. 31. | Closed the O’Brien Industries Inc. net income of $132,000. O’Brien Industries Inc. paid no dividends during the year. |
Required:
The comparative unclassified balance sheets for December 31, Year 2 and Year 1 are provided below. Determine the missing amounts in the unclassified balance sheet. Do not round interim calculations. Round final answers to nearest dollar. Use minus sign to indicate the negative amounts.
| O’Brien Industries Inc. | ||
| Balance Sheet | ||
| December 31, Year 2 and Year 1 | ||
| Dec. 31, Year 2 | Dec. 31, Year 1 | |
| Cash | $208,750 | $174,100 |
| Accounts Receivable (Net) | 122,100 | 113,100 |
| Available-for-Sale Investments (at Cost) - Note 1 | 62,000 | |
| Less Valuation Allowance for Available-for-Sale Investments | 4,600 | |
| Available-for-Sale Investments (Fair Value) | $ | $57,400 |
| Interest Receivable | $ | |
| Investment in Jolly Roger Co. Stock - Note 2 | $ 61,700 | |
| Office Equipment (Net) | 102,600 | 108,000 |
| Total Assets | $ | $514,300 |
| Accounts Payable | $ 65,600 | $ 59,100 |
| Common Stock | 56,600 | 56,600 |
| Excess of Issue Price Over Par | 180,000 | 180,000 |
| Retained Earnings | 223,200 | |
| Unrealized Gain (Loss) on Available-for-Sale Investments | (4,600) | |
| Total Liabilities and Stockholders' Equity | $ | $514,300 |
In: Accounting
Investment Reporting
O’Brien Industries Inc. is a book publisher.
Note 1. Investments are classified as available for sale. The investments at cost and fair value on December 31, Year 1, are as follows:
| No. of Shares | Cost per Share | Total Cost | Total Fair Value | |||||
| Bernard Co. stock | 1,900 | $10 | $19,000 | $17,300 | ||||
| Chadwick Co. stock | 1,000 | 45 | 45,000 | 42,100 | ||||
| $64,000 | $59,400 | |||||||
Note 2. The investment in Jolly Roger Co. stock is an equity method investment representing 32% of the outstanding shares of Jolly Roger Co.
The following selected investment transactions occurred during Year 2:
| May 5. | Purchased 2,200 shares of Gozar Inc. at $18 per share including brokerage commission. Gozar Inc. is classified as an available-for-sale security. |
| Oct. 1. | Purchased $39,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as available for sale. The bonds pay interest on October 1 and April 1. |
| Oct. 9. | Dividends of $10,700 are received on the Jolly Roger Co. investment. |
| Dec. 31. | Jolly Roger Co. reported a total net income of $92,000 for Year 2. O’Brien Industries Inc. recorded equity earnings for its share of Jolly Roger Co. net income. |
| 31. | Accrued three months of interest on the Nightline bonds. |
| 31. | Adjusted the available-for-sale investment portfolio to fair value, using the following fair value per-share amounts: |
| Available-for-Sale Investments | Fair Value |
| Bernard Co. stock | $9 per share |
| Chadwick Co. stock | $40 per share |
| Gozar Inc. stock | $19 per share |
| Nightline Co. bonds | $98 per $100 of face amount |
| Dec. 31. | Closed the O’Brien Industries Inc. net income of $136,600. O’Brien Industries Inc. paid no dividends during the year. |
Required:
The comparative unclassified balance sheets for December 31, Year 2 and Year 1 are provided below. Determine the missing amounts in the unclassified balance sheet. Do not round interim calculations. Round final answers to nearest dollar. Use minus sign to indicate the negative amounts.
| O’Brien Industries Inc. | ||
| Balance Sheet | ||
| December 31, Year 2 and Year 1 | ||
| Dec. 31, Year 2 | Dec. 31, Year 1 | |
| Cash | $216,372 | $174,700 |
| Accounts Receivable (Net) | 123,700 | 114,500 |
| Available-for-Sale Investments (at Cost) - Note 1 | 64,000 | |
| Less Valuation Allowance for Available-for-Sale Investments | 4,600 | |
| Available-for-Sale Investments (Fair Value) | $ | $59,400 |
| Interest Receivable | $ | |
| Investment in Jolly Roger Co. Stock - Note 2 | $ 62,400 | |
| Office Equipment (Net) | 103,800 | 109,300 |
| Total Assets | $ | $520,300 |
| Accounts Payable | $ 66,400 | $ 59,800 |
| Common Stock | 57,200 | 57,200 |
| Excess of Issue Price Over Par | 182,100 | 182,100 |
| Retained Earnings | 225,800 | |
| Unrealized Gain (Loss) on Available-for-Sale Investments | (4,600) | |
| Total Liabilities and Stockholders' Equity | $ | $520,300 |
In: Accounting
Address the following key points - impact on the following:
Post two paragraphs with at least one credible source (citation) regarding the impact on these key industries.
In: Economics
Address the following key points - impact on the following:
Post two paragraphs with at least one credible source (citation) regarding the impact on these key industries.
In: Economics
OpenSeas, Inc. is evaluating the purchase of a new cruise ship. The ship will cost $495 million, and will operate for 20years. OpenSeas expects annual cash flows from operating the ship to be $71.4 million and its cost of capital is 12.3%.
a. Prepare an NPV profile of the purchase.
b. Identify the IRR on the graph.
c. Should OpenSeas proceed with the purchase?
d. How far off could OpenSeas' cost of capital estimate be before your purchase decision would change?
In: Finance
Dee Dee is the owner of a donair and pizza delivery service company, Donair Ltd. In the second month of business, October 2019, a number of business activities took place.
Two months of rent were pre-paid, on October 1, using cash $800, for October and November rent. •
October 10: delivery services were provided for customers, on account, $2000. •
October 12: Dee Dee registered for a business seminar, to be held in December. •
October 13: Dee Dee purchased gas for the company truck, using cash $300. •
October 18: Supplies were purchased on account $200. •
A customer paid $3000 cash on October 25, for services to be provided over the next few weeks. •
The October utility bill was received on October 28, $100. It will be paid in November. •
October 29: Dee Dee withdrew $1000 cash from the business. •
October 30: $500 of delivery services were provided for the customer of October 25. •
October 31: the amount owing re supplies purchase of October 18, was paid in full. •
October 31: customers paid $1000 regarding their accounts with Donair Ltd. •
October 31: one month of rent (October rent, $400) was recorded.
B. Prepare the Trial Balance regarding Donair Ltd journal entries for October.
C. Prepare the Income Statement for Donair Ltd, for the month of October, in good form
In: Accounting
Which of the following bodies can issue official CPT coding guidelines?
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a. The American Hospital Association and the American Medical Association |
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b. The American Medical Association |
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c. The Centers for Medicare and Medicaid Services, the American Hospital Association, and the American Medical Association |
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d. The Centers for Medicare and Medicaid Services and the American Medical Association |
In: Nursing