Stand-alone Tulip Inc. Data 2020
|
Sales |
$ 600,000 |
|
Cost of Goods Sold |
$ 390,000 |
|
Selling & Administrative Expenses |
$ 68,000 |
|
Interest Expense |
$ 52,000 |
|
Depreciation |
$ 40,000 |
|
Cash flow plow-back |
$ 14,000 |
|
Beta |
1.2 |
|
Growth in FCFE beyond 2020 |
4.4% per year forever |
|
Tax Rate |
34% |
|
Tulip Subsidiary Projections after Merger |
2020 |
|
Sales |
$ 700,000 |
|
Cost of Goods Sold |
$ 400,000 |
|
Selling & Administrative Expenses |
$ 72,000 |
|
Interest Expense |
$ 74,000 |
|
Depreciation |
$ 50,000 |
|
Cash flow plow-back |
$ 26,000 |
|
Modified Beta |
1.28 |
|
Growth in FCFE beyond 2020 |
4.8% per year forever |
|
Tax Rate |
40% |
In: Finance
Hi...this is proposal final year project virtual run event.Can you give answer marketing department before, during and after logical for event virtual run when COVID-19.Logistic event only before event because actually event cancelled due COVID-19.Now I'm marketing department to task virtual run event.Can you explain job scope?
| Members | Job scope (Before event)(During event) (After event) |
| Name |
Logistic Department(Before event no COVID-19) 1. 2. 3. 4. 5.any list Marketing Department(Virtual run when COVID-19 start) 1. 2. 3. |
In: Economics
For the current year, Mary sojourned in Canada for 210 days. Also, for the current year, Steve, a long-time resident of Quebec, was living in Canada for the first 210 days in 2020, after which he permanently departed from Canada. Explain how these two individuals will be taxed in Canada.
In: Accounting
In 2010, the U.S. population was about 309 million. The overall
birth rate was 13.0 births per 1000, and the overall death rate was
7.4 deaths per 1000.
a) Approximately how many births were there in the United
States?
b) About how many deaths were there in the United States?
c) Based on births and deaths alone (not counting immigration or
emigration), about how much did the U.S. population increase during
2010?
d) Suppose that during 2010 the U.S. population actually increase
by 3.5 million. Based on this fact and your results from part (c),
estimate how many people immigrated to the United States. What
proportion of the overall population growth was due to
immigration?
In: Statistics and Probability
In 2010, the U.S. population was about 309 million. The overall
birth rate was 13.0 births per 1000, and the overall death rate was
7.4 deaths per 1000.
a) Approximately how many births were there in the United
States?
b) About how many deaths were there in the United States?
c) Based on births and deaths alone (not counting immigration or
emigration), about how much did the U.S. population increase during
2010?
d) Suppose that during 2010 the U.S. population actually increase
by 3.5 million. Based on this fact and your results from part (c),
estimate how many people immigrated to the United States. What
proportion of the overall population growth was due to
immigration?
In: Statistics and Probability
The value of a college degree is greater than it has been in nearly half a century, a least when compared to the prospect of not getting a degree (www.pewresearch.org, January 28, 2014). Due to this fact, more and more people are obtaining college degrees, despite the soaring costs. The accompanying table shows the proportions of college degrees awarded in 2010 by colleges and universities, categorized by a graduate's race and ethnicity.
The race and ethnicity of 500 recent graduates are recorded and shown in the last column of the table.
| Race/Ethnicity | 2010 Proportions | Recent Numbers |
| White | 0.73 | 350 |
| Black | 0.10 | 50 |
| Hispanic | 0.09 | 60 |
| Asian | 0.08 | 40 |
At the 5% significance level, test if the proportions have
changed since 2010.
In: Statistics and Probability
1)You purchase an annuity investment that pays you a lump sum amount of $289,284 at the end of the term. You must make $20,000 quarterly payments until the end of the term. If you earn an interest rate of 2%, how many of these quarterly payments must you make?
2) A bank lends money to a firm on 01/01/2010. According to the lending agreement, the bank will receive the following payments:
06/30/2010 - $2,300,000
12/31/2010 - $1,300,000
06/30/2011 - $5,700,000
12/31/2011 - $3,400,000
06/30/2012 - $360,000
12/31/2012 - $560,000
If the annual interest rate on the loan is 3.80%, how much did the firm borrow?
In: Finance
Liquidity ratios – Current, Quick, and Cash-to-Sales ---
Current Ratio: Current Assets/Current Liabilities-
2012: 3,683/2,568= 1.43
2011: 5,081/2,756= 1.84
2010: 6,370/2,647= 2.40
Quick Ratio: (Current Assets-Inventory)/Current Liability
2012: (3,683-2,341)/2,548= 0.52
2011: (5,081-2,916)/2,756= 0.78
2010: (6,370-3,213)/2,647= 1.19
Cash To Sales Ratio: Cash balance at the end of the period/Sales
2012: 930/12,985= 0.05
2011: 1,507/17,260= 0.08
2010: 2,622/17,759= 0.14
In: Finance
Taxable income and pretax financial income would be identical for Bridgeport Co. except for its treatments of gross profit on installment sales and estimated costs of warranties. The following income computations have been prepared.
|
Taxable income |
2019 |
2020 |
2021 |
||||||
| Excess of revenues over expenses (excluding two temporary differences) |
$149,000 |
$192,000 |
$96,700 |
||||||
| Installment gross profit collected |
7,600 |
7,600 |
7,600 |
||||||
| Expenditures for warranties |
(5,500 |
) |
(5,500 |
) |
(5,500 |
) |
|||
| Taxable income |
$151,100 |
$194,100 |
$98,800 |
||||||
|
Pretax financial income |
2019 |
2020 |
2021 |
||||||
| Excess of revenues over expenses (excluding two temporary differences) |
$149,000 |
$192,000 |
$96,700 |
||||||
| Installment gross profit recognized |
22,800 |
-0- |
-0- |
||||||
| Estimated cost of warranties |
(16,500 |
) |
-0- |
-0- |
|||||
| Income before taxes |
$155,300 |
$192,000 |
$96,700 |
The tax rates in effect are 2019, 40%; 2020 and 2021, 45%. All tax
rates were enacted into law on January 1, 2019. No deferred income
taxes existed at the beginning of 2019. Taxable income is expected
in all future years.
Prepare the journal entry to record income tax expense, deferred
income taxes, and income taxes payable for 2019, 2020, and 2021.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually. If no entry is required,
select "No Entry" for the account titles and enter 0 for the
amounts.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|
|
||||
|
||||
|
||||
In: Accounting
3. Open Roof or Closed Roof? In a recent World Series, the Houston Astros wanted to close the roof on their domed stadium so that fans could make noise and give the team an advantage at home. However, the Astros were ordered to keep the roof open unless weather conditions justified closing it. But does the closed roof really help the Astros? The table below shows the results from home games during the season leading up to the World Series. Use a 0.05 significance level to conduct a Chi-Square Test for Association. Is there sufficient evidence to show that there is a relationship between wins and the open/closed status of the roof?
| Win | Loss | |
| Closed Roof | 36 | 17 |
| open Roof | 15 | 11 |
Hypothesis:
Test Statistic and value:
P-value or critical value:
Conclusion:
In: Statistics and Probability