A mass of 3.8 kg is originally moving at 8 m/s at the top of a frictionless incline which has a length of 6.2 meters and an inclination angle of 56 degrees. It slides down the incline and over a horizontal surface in which a portion of it has friction. The coefficient of kinetic friction is 0.37 and the portion of the surface which has friction is 8 meters. At the end of the horizontal surface is a spring. The mass compresses the spring 0.65 meters before it is stopped. What is the amount of force produced by the spring when the mass is stopped in Newtons?
In: Physics
Green Thumb Garden Supplies reported the following information
for 2017 and 2018.
2018 2017
Assets
Cash
$ 50,000 $ 45,000
Accounts
receivable
35,000 25,000
Inventory
25,000 20,000
Property, plant, and
equipment
240,000 210,000
Total
assets $350,000 $300,000
Liabilities and
Shareholders’ Equity
Current
liabilities
$ 65,000 $ 60,000
Non-current
liabilities
110,000 90,000
Shareholders’
equity—common
175,000 150,000
Total liabilities and
shareholders’
equity $350,000 $300,000
Income statement for
2018
Sales
$95,000
Cost of goods
sold
45,000
Gross
profit
50,000
Operating
expenses
15,000
Income before income
tax
35,000
Income tax
expense
5,000
Net
income $30,000
What is the receivables turnover ratio for 2018?
|
2.7 times |
|
|
2.0 times |
|
|
3.2 times |
|
|
3.8 times |
In: Accounting
Question 5
Howell Petroleum is considering a new project that complements its existing business. The machine required for the project costs GH¢3.8 million. The marketing department predicts that sales related to the project will be GH¢2.5 million per year for the next four years, after which the market will cease to exist. The machine will be depreciated down to zero over its four-year economic life using the straightline method. Cost of goods sold and operating expenses related to the project are predicted to be 25 percent of sales. Howell also needs to add net working capital of GH¢ 150,000 immediately. The additional net working capital will be recovered in full at the end of the project’s life. The corporate tax rate is 35 percent. The required rate of return for Howell is 16 percent. Should Howell proceed with the project?
In: Finance
Rembrandt Paint Company had the following income statement items
for the year ended December 31, 2018 ($ in 000s):
| Net sales | $ | 27,000 |
Cost of goods sold |
$ | 15,000 |
| Interest income | 290 | Selling and administrative expenses | 3,400 | ||
| Interest expense | 530 | Restructuring costs | 1,700 | ||
In addition, during the year the company completed the disposal of
its plastics business and incurred a loss from operations of $2.5
million and a gain on disposal of the component’s assets of $3.8
million. 600,000 shares of common stock were outstanding throughout
2018. Income tax expense has not yet been recorded. The income tax
rate is 40% on all items of income (loss).
Required:
Prepare a multiple-step income statement for 2018, including EPS
disclosures.
In: Accounting
Evelyn is planning on making an investment that will generate cash flows of $1,000 per quarter for 3 years with the first payment occurring immediately. Similar risk investments are offering a return of 10% p.a. compounded quarterly. How much should Evelyn be prepared to pay for this investment?
In: Finance
Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the year is $420 and the collection period is 45 days. What are collections for the first quarter? Q1 Q2 Q3 Q4 Sales $ 695 $ 750 $ 835 $ 1,120
Please solve carefully
In: Finance
In mid-December 2018, the manager of Beau Apparel was preparing the firm’s production plan for the first quarter of 2019. The fore cast of the wholesale price of shirts would be used in making the production decision. The marketing researchers provided the manager with three price forecasts based on three different assumptions about economic conditions in the first quarter of 2019.
High: $20 Medium: $15 Low: $10
The total fixed costs of the production is $30,000. Beau Apparel also estimated an average variable cost function as followed:
AVC=20-0.003Q+0.00000025Q2
Under the high-price forecast, middle-price forecast and
low-price forecast, answer the following questions
respectively:
(a) Should the firm produce or shut down?
(b) If production is warranted, how much should the firm
produce?
(c) Calculate the estimated profit or loss under the three forecasted price levels.
In: Economics
Iron Forge manufactures and sells a cast iron garden chair. The marketing department prepared the following quarterly sales forecast.
January 250 units
February 300 units
March 350 units
Total 900 units
The company tries to maintain 15% of the next month's forecasted sales in finished chairs inventory. January's beginning inventory to finished chair was 38 units. April and May sales are expected to be 400 chairs each month. Each chair requires 4 composite feet which are purchased from a vendor. The company tries to maintain 12% of the next month's forecasted production needs in feet inventory. January's beginning inventory for feet was 123.
Required:
A. Prepare a monthly production budgets for the first quarter. Include a total column.
B. Prepare a monthly materials purchases budget for chairs for the first quarter. Include a total column.
In: Accounting
TamariskCompany has several investments in the securities of
other companies. The following information regarding these
investments is available at December 31, 2017.
| 1. | Tamarisk holds bonds issued by Dorsel Corp. The bonds have an amortized cost of $322,000 and their fair value at December 31, 2017, is $395,000. Tamarisk intends to hold the bonds until they mature on December 31, 2025. | |
| 2. | Tamarisk has invested idle cash in the equity securities of several publicly traded companies. Tamarisk intends to sell these securities during the first quarter of 2018, when it will need the cash to acquire seasonal inventory. These equity securities have a cost basis of $796,000 and a fair value of $920,000 at December 31, 2017. | |
| 3. | Tamarisk has a significant ownership stake in one of the companies that supplies Tamarisk with various components Tamarisk uses in its products. Tamarisk owns 6% of the common stock of the supplier, does not have any representation on the supplier's board of directors, does not exchange any personnel with the supplier, and does not consult with the supplier on any of the supplier's operating, financial, or strategic decisions. The cost basis of the investment in the supplier is $1,197,000 and the fair value of the investment at December 31, 2017, is $1,541,000. Tamarisk does not intend to sell the investment in the foreseeable future. The supplier reported net income of $80,000 for 2017 and paid no dividends. | |
| 4. | Tamarisk owns some common stock of Forter Corp. The cost basis of the investment in Forter is $208,000 and the fair value at December 31, 2017, is $58,000. Tamarisk believes the decline in the value of its investment in Forter is permanent and therefore impaired, but Tamarisk does not intend to sell its investment in Forter in the foreseeable future. | |
| 5. | Tamarisk purchased 25% of the stock of Slobbaer Co. for $886,000. Tamarisk has significant influence over the operating activities of Slobbaer Co. During 2017, Slobbaer Co. reported net income of $319,000 and paid a dividend of $115,000. |
(b) Prepare any December 31, 2017, journal entries
needed for Tamarisk relating to Tamarisk's various investments in
other companies. Assume 2017 is Tamarisk’s first year of
operations.
In: Accounting
Suppose that trees are distributed in a forest according to a two-dimensional Poisson process with lambda the expected number of trees per acre given by 80.
(a)(3pts) What is the probability that in a certain quarter acre plot there will be at most 16 trees?
(b)(2pts) If the forest covers 85,000 acres what is the expected number of trees in the forest?
Please provide the answer in Rstudio code. Thank you.
In: Statistics and Probability