Two 1.9 kg balls are attached to the ends of a thin rod of negligible mass, 62 cm in length. The rod is free to rotate in a vertical plane about a horizontal axis through its center. With the rod initially horizontal as shown, a 0.42 kg wad of wet putty drops onto one of the balls with a speed of 3.2 m/sec and sticks to it.

1)

What is the ratio of the magnitude of angular momentum of the entire system just after the collision to just before the collision? (|L|_after/|L|_before)

2)

What is the angular speed of the system just after the putty wad hits?

rad/sec

3)

What is the ratio of the kinetic energy of the entire system just after the collision to just before the collision? (KE_after/KE_before)

4)

Through what angle will the system rotate until it momentarily stops?

only journal entries

The following information was available to reconcile Montrose Company’s book balance of Cash with its bank statement balance as of October 31, 2020:

a. After all posting was completed on October 31, the company’s Cash account had a $13,219 debit balance but its bank statement showed a $29,355 balance.
b. Cheques #296 for $1,334 and #307 for $12,754 were outstanding on the September 30 bank reconciliation. Cheque #307 was returned with the October cancelled cheques, but cheque #296 was not. It was also found that cheque #315 for $893 and cheque #321 for $2,000, both written in October, were not among the cancelled cheques returned with the statement.
c. In comparing the cancelled cheques returned by the bank with the entries in the accounting records, it was found that cheque #320 for the October rent was correctly written for $4,090 but was erroneously entered in the accounting records as $4,900.
d. A credit memo enclosed with the bank statement indicated that there was an electronic fund transfer related to a customer payment for $21,400. A $120 bank service charge was deducted. This transaction was not recorded by Montrose before receiving the bank statement.
e. A debit memo for $3,251 listed a $3,202 NSF cheque plus a $49 NSF charge. The cheque had been received from a customer, Jefferson Tyler. Montrose had not recorded this bounced cheque before receiving the statement.
f. Also enclosed with the statement was a $74 debit memo for bank services. It had not been recorded because no previous notification had been received.
g. The October 31 cash receipts, $6,856, were placed in the bank’s night depository after banking hours on that date and this amount did not appear on the bank statement.

1. Matt recently deposited $30,000 in a savings account paying a guaranteed interest rate of 5 percent for the next 10 years. If Matt expects his marginal tax rate to be 22 percent for the next 10 years, how much interest will he earn after-tax after the seventh year of his investment if he withdraws enough cash every year to pay the tax on the interest he earns?

1. Dana intends to invest $25,000 in either a Treasury bond or a corporate bond. The Treasury bond yields 5 percent before tax and the corporate bond yields 6 percent before tax. Dana’s federal marginal rate is 25 percent and her marginal state rate is 10 percent. What is the amount by which the yield on the corporate bond exceeds the yield on the Treasury bond.  Assume that Dana itemizes her deductions and that any state income tax would be fully deductible.  

1. Hayley recently invested $55,000 in a public utility stock paying a 3 percent annual dividend. If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much will her investment be worth in four years if the dividends paid are qualified dividends? (Hayley’s marginal income tax rate is 32 percent.)

1. John bought 1,000 shares of Intel stock on October 18, 2018 for $35 per share plus a $750 commission he paid to his broker. On December 12, 2020, he sells the shares for $48.50 per share. He also incurs a $1,000 fee for this transaction. What is the gain/loss for John on the sale of his Intel stock?

Heather owns a two-story building. The building is used 40% for business use and 60% for personal use. During 2020, a fire caused major damage to the building and its contents. Heather purchased the building for $800,000 and has taken depreciation of $100,000 on the business portion. At the time of the fire, the building had a fair market value of $900,000. Immediately after the fire, the fair market value was $200,000. The insurance recovery on the building was $600,000. The contents of the building were insured for any loss at fair market value. The business assets had an adjusted basis of $220,000 and a fair market value of $175,000. These assets were totally destroyed. The personal use assets had an adjusted basis of $50,000 and a fair market value of $65,000. These assets were also totally destroyed.

If an amount is zero, enter "0".

a. Determine the business and personal gain or loss in regard to the building and its contents.

b. Heather's AGI is $100,000 before considering the effects of the fire. Determine her itemized deduction and AGI after considering the effects of the fire.

For a classroom demonstration, a professor built an RL circuit similar to the one shown in the figure, with e m f = 6.00 V, L = 5.80 mH, and R = 3.80 Ω.

A rectangular circuit contains a battery of emf ℰ on its left side, with the positive terminal above the negative terminal. An open switch S is on the top side, an inductor L is on the right side, and a resistor R is on the bottom side.

(a) What is the inductive time constant of the circuit (in ms)? _________________ms

(b) Calculate the current in the circuit (in A) 250 µs after the switch is closed. _________________A

(c) What is the value of the final steady-state current (in A)? A (d) After what time interval (in ms) does the current reach 80.0% of its maximum value? _____________ms

Kurz Manufacturing is currently an​ all-equity firm with

1717

million shares outstanding and a stock price of

$ 5.00$5.00

per share. Although investors currently expect Kurz to remain an​ all-equity firm, Kurz plans to announce that it will borrow

$ 50$50

million and use the funds to repurchase shares. Kurz will pay interest only on this​ debt, and it has no further plans to increase or decrease the amount of debt. Kurz is subject to a

30 %30%

corporate tax rate.  

a. What is the market value of​ Kurz's existing assets before the​ announcement?

b. What is the market value of​ Kurz's assets​ (including any tax​ shields) just after the debt is​ issued, but before the shares are​ repurchased?

c. What is​ Kurz's share price just before the share​ repurchase? How many shares will Kurz​ repurchase?

d. What are​ Kurz's market value balance​ sheet, and share price after the share​ repurchase?

a. What is the market value of​ Kurz's existing assets before the​ announcement?

The market value of​ Kurz's existing assets before the announcement is

​$nothing

million. ​ (Round to one decimal​ place.)

b. What is the market value of​ Kurz's assets​ (including any tax​ shields) just after the debt is​ issued, but before the shares are​ repurchased?

The market value of​ Kurz's assets​ (including any tax​ shields) just after the debt is​ issued, but before the shares are repurchased is

​$nothing

million.  ​(Round to one decimal​ place.)

c. What is​ Kurz's share price just before the share​ repurchase? How many shares will Kurz​ repurchase?

​Kurz's share price just before the share repurchase is

​$nothing.

​ (Round to the nearest​ cent.)                 The number of shares that Kurz will repurchase is

nothing

million. ​ (Round to two decimal​ places.)

d. What are​ Kurz's market value balance​ sheet, and share price after the share​ repurchase?

The market value of assets is

​$nothing

million.  ​(Round to one decimal​ place.)The debt is

​$nothing

million. ​ (Round to the nearest​ integer.)The market value of equity is

​$nothing

million.  ​(Round to one decimal​ place.)Share price after repurchase is

​$nothing.

​(Round to two decimal

places​.)

Enter your answer in each of the answer boxes.

Estimating Share Value Using the ROPI Model

Assume the following are the income statement and balance sheet for Intel Corporation.

*This should be considered as part of operating income.

** These investments are operating assets as they relate to associated companies.

(a) Compute Intel's net operating assets (NOA) for year-end 2010.

HINT: Gains/losses on equity method investments are considered operating income. Round your answer to the nearest whole number.
2010 NOA = $Answer

(b) Compute net operating profit after tax (NOPAT) for 2010, assuming a federal and state statutory tax rate of 37%.(Round your answer to the nearest whole number.)
2010 NOPAT = $Answer

(c) Forecast Intel's sales, NOPAT, and NOA for years 2011 through 2014 using the following assumptions:

Forecast the terminal period value using the assumptions above and assuming a terminal period growth of: 1%.

* Use sales rounded to nearest whole number for this calculation.

(d) Estimate the value of a share of Intel common stock using the residual operating income (ROPI) model as of December 25, 2010; assume a discount rate (WACC) of 11%, common shares outstanding of 5,511 million, and net nonoperating obligations (NNO) of $(21,178) million (NNO is negative which means that Intel has net nonoperating investments). Use your rounded answers for subsequent calculations.

Let X be a compact space and let Y be a Hausdorff space. Let f ∶ X → Y be continuous. Show that the image of any closed set in X under f must also be closed in Y .

1. Explain why temporary accounts are closed.

2. Describe the four specific steps included in the Closing Process.

3. Which account types (i.e. Assets, Liabilities, Expenses etc.) are NOT closed and why?

Lloyd’s Register used closed-loop improvement cycle approach in relation to the nature of their business for business assurance and improvement; Evaluate its closed-loop improvement, and could this type of approach be adapted for a government department