If a firm has $230,000 total assets and $150,000 in net income reported on its 2016 financial statements, $220,000 total assets and $160,000 net income on its 2015 financial statements, and $200,000 total assets and $170,000 total income on its 2014 financial statements, then the firm's return on assets (ROA) for 2016 is __________.

65.2%

(Net income for 2016) / (Total assets of 2016 + Total assets of 2015) / 2

equal to net income for 2016 divided by total assets of 2016

(Net income for 2016) / (2016 total assets + 2015 total assets + 2014 total assets)

Use the following Income Statement and Balance Sheet of firm X to answers Questions (1) & (2)

Sales in 2017 are expected to grow at a rate of 9% with respect to the values of 2016. Assume the company pays out 55% of its net income.

1. Use the percent sales method to forecast the value of next year s stockholder s equity for firm X.

2. Use the percent sales to estimate the firm s net new financing for firm X.

Use the following information on Company Y and perform pro-forma financial modeling using a planned expansion method to answers question (3) and (4). To do this assume that the percentage values with respect to sales of the (i) costs except depreciation, (ii) cash and equivalents, (iii) accounts receivable, (iv) inventories, and (v) accounts payable will stay fixed at the values corresponding for 2016.

Assume also that income tax will remain at 35% of the Pretax Income.

Consider Company Y. This firm sells a product for which in 2016 the total market size was of 1999000 units, of which Company Y owned a share of 30%.

Both, the total market size and Company Y’s market share are expected to grow at a 4% yearly rate for the next five years

The price of the product is $114 in 2016 and is expected to remain at that price for the next years.

In 2016, the outstanding debt of Company Y is $900000, for which the company makes yearly interest payments of 11%. The executives of Company Y are considering making a significant capital investment in 2017 of $2900000 to purchase new machinery. The company plans to finance this investment with a 30-year loan that makes yearly interest payments equivalent to 8% of its principal. The principal is paid when the loan matures.

The following table summarizes the debt and interest payment of Company Y.

Currently, Company Y makes yearly expenditures on replacement capital investment of $90000. If the company makes the planned expansion it is decided the company will perform yearly expenditures on replacement capital investment of $325000. The current and the planned expenditures on replacement of capital investment will be financed by the company’s cash flow.

The following table indicates for 2016 Company Y’s values of i. opening book value, ii. capital investment, iii. depreciation, and iv. closing book value. The Table also indicates the 2017-2018 forecast values of capital depreciation if the planned expansion were to occur in 2017.

The following table contains Company Y’s income statement.

The following table contains Company Y’s balance sheet.

3. Before making any adjustments to balance Total Assets with Total Liabilities and Equity, what is Company Y s forecast value of Total Liabilities and Equity for 2017?

4.      How much are the net new financing for Company Y s on 2017?

During the 2^ndquarter of 2016 (June 2016 – August 2016) Ping-Pong Industries (located at 535 Main Street, Brentwood, NY 11717; Sales Tax ID# 44455566677) had total sales of $126,000. Of this amount, $21,000 were non-taxable. All of the sales were made in Suffolk County, and the company does not report gross credit card and debit card sales. This is not the final sales tax return for the company, and the company pays the sales tax amount that is due when filing the form. The company does not use a third-party designee, and prepares the sales tax forms on its own. The forms are signed by Alton Thompson, the CEO of the company (phone number: 631-555-8476, no e-mail address), and are filed on the due date for the form.

Based on the instructions that have been provided for Form ST-100, complete Form ST-100 of Ping-Pong Industries for the 2^ndquarter of the year.

"Freshman 15": Fact or Fantasy? BOSTON Along with all of the typical "back-to-school" hype about lunch boxes and school buses, each September is typically greeted with media reports and advice about the "freshman 15," which is the popular name given to the phenomenon of first-year college students gaining 15 pounds during their freshman year. But does this 15 pound weight gain actually occur, or is it simply a myth? Carole Nhu'y Hodge, Linda Jackson, and Linda Sullivan are Michigan State University researchers who conducted their own investigation. They studied 61 Michigan State female students who took an introductory psychology course. The volunteers, who were given extra credit for participation in the experiment, were weighed at the beginning of their freshman year and at a point in time six month later. Among their findings reported in Psychology of Women Quarterly : "Body weight at the beginning of the first college year (Time 1) was compared with weight approximately 6 months later (Time 2). Average weight at Time 2, 131.45 lb (59.62 kg), was no different from average weight at Time 1, 130.57 lb (59.23 kg)." They also state that "Our findings suggest it (the 15-lb weight gain)is fantasy, although additional research is needed before drawing firm conclusions."

The Assignment:

Answer the following:

1. What do the researchers infer when they say that there is "no difference" between the mean weight at Time 1 (130.57 lb) and the mean weight at Time 2 (131.45lb), when there is an apparent difference of 0.88-lb?
2. What are the limitations of this particular study? That is, if the sample data are used to make inferences about a population, identify the specific population in question.
3. Identify any aspects of the experiment that could potentially threaten the validity of the results.
4. Identify a possible null hypothesis and alternative hypothesis for this experiment.
5. Your submission is to be a well-written grammatically correct response.

consider the potential v(y,z) =sinky(Ce^kz + De^-kz)

apply the two boundary conditions

a- V(y,z=b)=0

b- V(y=a,z)=0

The potential difference across a charged capacitor is 22 V. The capacitor discharges through a fixed resistor. After a time equal to the time constant, the potential difference has reduced to V. The magnitude of V is:

Alternative Inventory Methods

Frate Company was formed on December 1, 2015, and uses the periodic inventory system. The following information is available from Frate's inventory records for Product Ply:

A physical inventory on March 31, 2016 shows 3,000 units on hand.

Required:

For each method, enter your answers in chronological order.

Prepare schedules to compute the ending inventory at March 31, 2016, under each of the following inventory methods:
(For the weighted average method, round the average cost per unit to two decimal places.)
1. FIFO

2. LIFO

3. Weighted average

Alternative Inventory Methods

Frate Company was formed on December 1, 2015, and uses the periodic inventory system. The following information is available from Frate's inventory records for Product Ply:

A physical inventory on March 31, 2016 shows 5,800 units on hand.

Required:

For each method, enter your answers in chronological order.

Prepare schedules to compute the ending inventory at March 31, 2016, under each of the following inventory methods:
(For the weighted average method, round the average cost per unit to two decimal places.)
1. FIFO

2. LIFO

3. Weighted average

A binomial probability experiment is conducted with the given parameters. Compute the probability of x successes in the n independent trials of the experiment.

n=10, p=0.45​, x=8

P(8)=