In: Nursing
Major Communications Ltd., a publicly traded company that specializes in data capture, has been in operation for several years. On October 1, 2019, it had 10 million common shares authorized and 1.5
million shares issued at an average value of $30 per share. As well, there were 1 million preferred shares authorized, with 200,000 of them issued at $15 per share. On October 1, 2019, the balance in Retained Earnings was $20,375,000. During the fiscal year 2020, the following transactions affected shareholders' equity:
In: Accounting
GJK Corporation issued bonds on Dec 1, 2010 with a 2% coupon from year 1 through year
7, 3% coupon from year 8 through 10, 3.5% from year 11 through year 13 , and a 4%
coupon from year 14 through year 15, that will mature on Dec 1, 2025 (15 years).
The interest on these bonds is paid and compounded semi-annually
on December 1,2010 You bought the bond on Dec 1, 2013 (three years after it was issued) at $847.50 You sold the bond eight (8) years after you had purchased the bond at $950.00 What was YOUR return
please help me ASAP I will give thump up
Thank you
In: Accounting
(Use Excel) For many the promise of a college degree has turned to disappointment as they find themselves struggling to find a job (Financial Times, June 1, 2012). It is especially disturbing since recent evidence suggests that graduating at bad economic times can impact the person’s earning power for a long time. An associate dean at a prestigious college wants to determine if the starting salary of his college graduates has declined from 2008 to 2010. He expects the variance of the salaries to be different between these two years. The accompanying table shows a portion of the salary data for 40 college graduates. Use Table 2. Salary 2008 ($) Salary 2010 ($) Salary 2008 ($) Salary 2010 ($) 34,000 38,000 44,000 43,000 54,000 62,000 41,000 30,000 50,000 32,000 34,000 43,000 53,000 40,000 50,000 61,000 50,000 66,000 56,000 72,000 45,000 33,000 42,000 48,000 63,000 43,000 26,000 60,000 46,000 66,000 56,000 43,000 54,000 66,000 54,000 69,000 50,000 41,000 41,000 48,000 67,000 70,000 69,000 39,000 53,000 27,000 38,000 52,000 37,000 31,000 57,000 28,000 49,000 56,000 54,000 51,000 38,000 58,000 56,000 60,000 40,000 11,000 65,000 18,000 56,000 34,000 49,000 42,000 37,000 64,000 60,000 44,000 50,000 40,000 48,000 48,000 53,000 26,000 50,000 57,000 PictureClick here for the Excel Data File Let Sample 1 be the sample of the starting salary of college graduates in 2008 and Sample 2 be the sample of the starting salary of college graduates in 2010. a-1. Specify the competing hypotheses that determine whether the starting salary of college graduates has declined from 2008 to 2010. H0: ?1 ? ?2 = 0; HA: ?1 ? ?2 ? 0 H0: ?1 ? ?2 ? 0; HA: ?1 ? ?2 < 0 H0: ?1 ? ?2 ? 0; HA: ?1 ? ?2 > 0 a-2. Using the p-value approach, have salaries gone down from 2008 to 2010 at the 5% significance level? Reject H0; there is evidence that the starting salary of college graduates has declined from 2008 to 2010. Reject H0; there is no evidence that the starting salary of college graduates has declined from 2008 to 2010. Do not reject H0; there is evidence that the starting salary of college graduates has declined from 2008 to 2010. Do not reject H0; there is no evidence that the starting salary of college graduates has declined from 2008 to 2010.
In: Economics
Part I: Reporting and Financial Statement Analysis
Given the following financial statements for Voice-Soft, a voice recognition company, answer the questions on the next page.
|
Income Statement for years |
||
|
2010 |
2009 |
|
|
Sales |
$5,500 |
$5,000 |
|
Operating Costs excluding Depreciation and Amortization |
4,675 |
4,250 |
|
EBITDA |
825 |
750 |
|
Depreciation and Amortization |
190 |
180 |
|
EBIT |
$635 |
$570 |
|
Interest Expense |
62 |
50 |
|
EBT |
$573 |
$520 |
|
Taxes (40%) |
229 |
208 |
|
NI |
$344 |
$312 |
|
Balance Sheet for years ending December 31 |
||
|
2010 |
2009 |
|
|
Assets: |
||
|
Cash |
$275 |
$250 |
|
Short Term Investments |
55 |
50 |
|
Accounts Receivable |
1,375 |
1,250 |
|
Inventories |
825 |
750 |
|
Total Current Assets |
$2,530 |
$2,300 |
|
Net Plant and Equipment |
1,925 |
1,750 |
|
Total Assets |
$4,455 |
$4,050 |
|
Liabilities: |
||
|
Notes Payable |
$192 |
$100 |
|
Accounts Payable |
580 |
500 |
|
Miscellaneous Payables |
245 |
250 |
|
Total Current Liabilities |
$1,017 |
$850 |
|
Long-Term Debt |
550 |
500 |
|
Total Liabilities |
$1,567 |
$1,350 |
|
Common Stock |
2154 |
2,200 |
|
Retained Earnings |
734 |
500 |
|
Less Treasury Stock |
46 |
0 |
|
Total Shareholder Equity |
$2,888 |
$2,700 |
|
Liabilities and Shareholder Equity |
$4,455 |
$4,050 |
|
Cash Flow Statement for year ending December 31, 2010 |
|
|
Operating Activities |
|
|
Net Income |
$344 |
|
Depreciation and Amortization |
190 |
|
Increase in Accounts Receivables |
(125) |
|
Increase in Inventories |
(75) |
|
Increase in Accounts Payables |
80 |
|
Decrease in Miscellaneous Payables |
(5) |
|
Net Cash Provided by Operations |
409 |
|
Investing Activities |
|
|
Purchase of equipment |
(365) |
|
Increase in Short Term Investments |
(5) |
|
Net Cash Used for Investment Activities |
(370) |
|
Financing Activities |
|
|
Dividends paid |
(110) |
|
Increase in Notes Payable |
92 |
|
Increase in Long Term Debt |
50 |
|
Purchase stock for Treasury |
(46) |
|
Net Cash used for Financing Activities |
(14) |
|
Beginning Cash Balance January 1, 2010 |
250 |
|
Ending Cash Balance December 31, 2010 |
275 |
|
Net Cash Flow |
$25 |
Develop Free Cash Flow for 2010 from the income statement, balance sheet and cash flow statement above.
FCF=(NOPAT+D&A) –(investment in fixed assets + change in net operating working capital)
Develop and analyze the results of an extended DuPont equation based on 2009 and 2010.
ROE= return on sales * total asset turnover * equity multiplier = NI/slaes * sales/total asset * total asset/ shareholder equty
Part II: Capital Budgeting and Uses of Financial Statements
Voice-Soft Inc. is trying to determine whether to open a new product line, Voice-Write, a speech-to-text product, which is expected to be competitive for four years. The cost of the new capital equipment including shipping and installation is $3100. The equipment will last for 4 years. They use simple straight line depreciation and the market value of the equipment at the end of the project (or it’s salvage value) is $400. For 2013 to 2016, sales are expected to be $4000, 4000, 4200, and 4200; and operating expenses, $2800, $2800, $2700, $2700. The company is expecting to lose before tax operating income of $200 per year due to Voice-Write cannibalizing its current product, Voice-Speak. Voice-Soft has a tax rate of 40% and a weighted average cost of capital (WACC) of 12%.
Complete the Project cash flow statement below and then answer questions 2 -4.
|
2012 |
2013 |
2014 |
2015 |
2016 |
|
|
Sales |
|||||
|
Operating Expenses |
|||||
|
Opportunity Costs |
|||||
|
Depreciation |
|||||
|
Operating Income (EBIT) |
|||||
|
Taxes |
|||||
|
Operating Income after taxes |
|||||
|
Depreciation |
|||||
|
Cash Flow |
|||||
|
Salvage Value |
|||||
|
Salvage Tax |
|||||
|
Net Salvage Value |
|||||
|
Initial capital Investment |
|||||
|
Project Cash Flow |
Determine the Net Present Value.
Determine the IRR.
Should Voice-Soft make the investment and why? Explain any limitations or concerns you may have about the acceptance or rejection of this project.
What impact does acceptance or rejection of this project have on the value of Voice-Soft as a firm and on Voice-Soft’s stock? Explain.
In: Finance
A parachutist whose mass is 65 kg drops from a helicopter hovering 1500 m above the ground and falls toward the ground under the influence of gravity. Assume that the force due to air resistance is proportional to the velocity of the parachutist, with the proportionality constant b1 = 30 N-sec/m when the chute is closed and b2= 100 N-sec/m when the chute is open. If the chute does not open until the velocity of the parachutist reaches 15 m/sec, after how many seconds will the parachutist reach the ground? Assume that the acceleration due to gravity is 9.81 m divided by sec squared.
The parachutist will reach the ground after ______ seconds.
In: Physics
A parachutist whose mass is 80 kg drops from a helicopter hovering 1000 m above the ground and falls toward the ground under the influence of gravity. Assume that the force due to air resistance is proportional to the velocity of the parachutist, with the proportionality constant b1 = 30 N-sec/m when the chute is closed and b2 = 90 N-sec/m when the chute is open. If the chute does not open until the velocity of the parachutist reaches 20 m/sec, after how many seconds will the parachutist reach the ground? Assume that the acceleration due to gravity is 9.81 m/sec2
The parachutist will reach the ground after ______
seconds.
(Round to two decimal places as needed.)
In: Physics
| Q1. SEC, FASB and AICPA | ||||||
| Fill in the blanks in the highlighted areas. You can find the answers from the following websites: | ||||||
| www.sec.gov | ||||||
| www.fasb.org | ||||||
| and | ||||||
| www.aicpa.org | ||||||
| Please make sure you scroll down to fill all the blanks! | ||||||
| 1. Mission of the SEC | 1st blank | 2nd blank | 3rd blank | 4th blank | 5th blank | …… |
| The mission of the U.S. Securities and Exchange Commission is to ___, maintain______ markets, and facilitate ____. Crucial to the SEC's effectiveness in each of these areas is its ______. Each year | ||||||
| the SEC brings hundreds of civil enforcement actions against individuals and companies for violation of the securities laws. Typical infractions include ______, _______, and _______. | ||||||
| 2. Mission of FASB | ||||||
| The collective mission of the FASB, the Governmental Accounting Standards Board (GASB) and the FAF is to establish and improve _________ to provide useful information to ____ and ______ of financial reports and ______ on how to most effectively understand and implement those standards | ||||||
| 3. History of AICPA | ||||||
| Founded in ___, the AICPA represents the CPA profession nationally regarding ___ and ____, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for ___; provides ___ to its members; develops and grades the ____; and monitors and enforces compliance with the ____. The AICPA’s founding established accountancy as a profession distinguished by _____, _____, _____, ______ and _____. | ||||||
.
In: Accounting
Lab 7. Boolean Expressions a) Write a program that evaluates the
following expressions. Assign reasonable values to the variables.
Print the results. a<b≥c , √a−7 b2 ≠c , d∨e∧f , a<b∨¬d ∧means
and, ∨means inclusive or, ¬ means not. b) Write a program that asks
a user whether he or she wants to become a Java programmer and
determines if the user typed “yes” (Print true if yes and false
otherwise.) Don't use the if
statement here
In: Computer Science
Note the four factors listed as it relates to organizational
change:
Level of job specialization (Asey)
Decision-making hierarchy (Talent)
Team authority (Patric)
Intrapreneuring (Ahmed)
Addresss ONE of the factors based on your personal name assignment.
Business Essential 12th ED chapter 6
6.15 why might organizational issues be critical in determining
employee loyalty? 6.17 If I were a programmer, what organizations
changes would encourage me to stay?
In: Operations Management