You are a commercial loans officer at a major bank. It is October 1. Halloween Costume and Supplies Shop, located in Regina, has approached you with a request for a loan. The company manager brought in a balance sheet and a listing of income statement accounts. The company’s year-end is September 30. Prepare a report for your manager with the following: 1) Prepare an income statement in the proper format. 2) Is this a high or low-risk loan? 3) Provide financial analysis on the balance sheet (ratios) 4) Discuss any non-financial factors you may think are important 5) Recommend whether to provide the loan and why. Halloween Costume and Supplies Shop Balance Sheet As of September 30, 2019 ASSETS LIABILITIES AND EQUITY Cash $8,228 Accounts Payable $206,080 Accounts Receivable $368,280 Wages Payable $46,480 Inventory $42,480 Taxes Payable $84,000 Total Current assets $418,988 Total Current Liabilities $336,560 Store Furnishings $840,000 Long term debt $184,000 Accumulated dep'n ($404,000) Shareholders' equity $234,428 TOTAL ASSETS $754,988 TOTAL LIABI & EQUITY $754,988 INCOME STATEMENT ACCOUNTS Salaries expense $182,616 Cost of Goods Sold $740,740 Depreciation expense $69,322 Sales revenues $1,134,567 Office expenses $63,542 Selling expense $61,728 Income tax rate 20%
In: Accounting
1. The greenwood hotel invested a single amount of 100,000 at 8% for 10 years. Assume annual compounding. A. How much interest will be earned over the first five years? B. How much interest will be earned over the last five years? C. What will be the total amount of the investment after 10 years?
In: Accounting
Needs to document an amusement park ride. For example: Round
rotating cylinder where the floor drops out. The information can
come from any online website. Needs to know the radius and speed at
which the ride needs to rotate so that you don't fall?
Calculate the coefficient of static friction for this ride
also
In: Physics
Based on recent data, there are on average 1.3 days per winter where snowfall reaches more than 6 inches in Central Park, New York City. We’ll call these “snow days”.
Assume that there were more than 2 “snow days” this winter. What is the chance that exactly 4 such days occur?
In: Statistics and Probability
A tourist from the US spends three nights in a hotel in Amsterdam Which statement(s) is (are) true?
a. This increases GDP of the Netherlands and decreases net exports of the US.
b. This increases GDP of the Netherlands and increase consumption of the US.
c. This increases consumption of the US, but decreases net exports of the US.
d. All of the above are correct
In: Economics
The food and beverage department and its housekeeping counterpart employ the vast majority of the employees in a full-service hotel. These departments are very labor-intensive because it is not practical to use technology to replace human workers in these areas. To what extent do you think technology will replace employees in the food and beverage department in the future? Why?
In: Operations Management
In the list below tell me whether it’s a private good, public good, common resources or club resources. Explain.
Fish in Beaverkill stream in Roscoe NY
NYC Central Park
NYC water from the Catskill Mountains
Basic research on cancer drug
Radio broadcasting system
Cable television signals
In: Economics
Please answer each question in 350-500 words.
How have you observed/experienced diversity in the work place(Marriott Hotel)? This can be co-worker to co-worker, co-worker to guest, etc. These different groups include male/female, ages, sexual orientation, race, socioeconomic status, etc.
In: Operations Management
Price ceilings, such as rent controls, will lead to _______ if they are binding.
Group of answer choices
an equitable distribution of housing
surpluses
shortages
more apartments being built
In: Economics
Prove that any amount of postage greater than or equal to 14 cents can be built using only 3-cent and 8-cent stamps
In: Advanced Math