Question 1
The following are the financial statements of Rigolo Inc.
Balance sheet
|
20116 |
2015 |
|
|
Assets Current assets Cash & cash equivalents Account receivables Inventory Other current assets Total current assets L.T. Assets PPE Total Assets Liabilities & Shareholders’ Equity Current liabilities Accounts payable Current maturities of notes payable Accrued expenses Other current liabilities Total current liabilities L.T. Liabilities Bank loans Total liabilities Shareholders’ equity Common stock Retained earnings Total shareholders equity Total shareholders equity & liab. The balance is well-balanced |
4,100 2,733,148 1,389,390 13,901 4,140,539 322,586 4,463,125 276,556 1,834,858 151,817 128,632 2,391,863 1,824,764 4,216,627 46,499 199,999 246,498 4,463,125 |
3,100 1,941,002 1,468,257 0 3,412,359 60,640 3,472,999 256,419 337,881 169,067 161,905 925,272 2,400,000 3,325,272 46,499 101,228 147,727 3,472,999 |
Statement of income
|
2016 |
2015 |
|
|
Revenue Cost of Good Sold Gross profit on sales Operating expenses Repairs and maintenance Depreciation & Amortization Interest expense Total expenses Net income before taxes Provision for income taxes Net income |
$17,285,211 14,947,152 2,338,059 1,871,538 84,483 25,688 215,246 2,196,955 141,104 42,333 98,771 |
$13,999,979 11,920,400 2,079,579 1,529,231 107,123 24,410 255,003 1,915,767 163,812 65,525 98,287 |
Rigolo Inc, has paid $10,000 to its preferred shareholders in 2016
Tasks: (i) Compute the ROA
(ii) Compute the ROCE
(iii) Compute the Account Receivable Turnover
(iv) Compute the Inventory Turnover
(v) Compute the Basic EPS
(vi) Compute the diluted EPS
In: Accounting
Question 1
The following are the financial statements of Rigolo Inc.
Balance sheet
|
20116 |
2015 |
||
|
Assets Current assets Cash & cash equivalents Account receivables Inventory Other current assets Total current assets L.T. Assets PPE Total Assets Liabilities & Shareholders’ Equity Current liabilities Accounts payable Current maturities of notes payable Accrued expenses Other current liabilities Total current liabilities L.T. Liabilities Bank loans Total liabilities Shareholders’ equity Common stock Retained earnings Total shareholders equity Total shareholders equity & liab. The balance is well-balanced |
4,100 2,733,148 1,389,390 13,901 4,140,539 322,586 4,463,125 276,556 1,834,858 151,817 128,632 2,391,863 1,824,764 4,216,627 46,499 199,999 246,498 4,463,125 |
3,100 1,941,002 1,468,257 0 3,412,359 60,640 3,472,999 256,419 337,881 169,067 161,905 925,272 2,400,000 3,325,272 46,499 101,228 147,727 3,472,999 |
|
Statement of income
|
2016 |
2015 |
|
|
Revenue Cost of Good Sold Gross profit on sales Operating expenses Repairs and maintenance Depreciation & Amortization Interest expense Total expenses Net income before taxes Provision for income taxes Net income |
$17,285,211 14,947,152 2,338,059 1,871,538 84,483 25,688 215,246 2,196,955 141,104 42,333 98,771 |
$13,999,979 11,920,400 2,079,579 1,529,231 107,123 24,410 255,003 1,915,767 163,812 65,525 98,287 |
Rigolo Inc, has paid $10,000 to its preferred shareholders in 2016
Tasks: (i) Compute the ROA
(ii) Compute the ROCE
(iii) Compute the Account Receivable Turnover
(iv) Compute the Inventory Turnover
(v) Compute the Basic EPS
(vi) Compute the diluted EPS
In: Accounting
Santa Toy Shop produces toys. During November, the following information was gathered:
|
Dart Board |
Lego Sets |
Dolls |
Breyer Horses |
Golf Sets |
Stuffed Toys |
|
|
Budgeted units sold |
175 |
500 |
400 |
125 |
600 |
300 |
|
Actual units sold |
200 |
400 |
250 |
140 |
500 |
350 |
|
Budgeted selling price |
$5 |
$30 |
$11 |
$40 |
$80 |
$18 |
|
Actual selling price |
$8 |
$25 |
$12 |
$45 |
$75 |
$28 |
|
Budgeted variable cost |
$2 |
$18 |
$5 |
$20 |
$35 |
$10 |
|
Actual variable cost |
$3 |
$15 |
$4 |
$25 |
$30 |
$11 |
Actual market size was 20,000, whereas budgeted market share was 16%.
REQUIRED:
In: Accounting
In a typical photon experiment the photon is depicted as moving across the page, say from right to left. Suppose we were actually able to witness such an experiment, from the side (to position of reader to a page). If the photon is actually moving from left to right can I, standing at 90 degrees to the motion, see the photon?
In: Physics
For my experiment my line of best fit equation was y= 23.6x + 0.19. Compare the best-fit linear equation with Hooke’s law formula. I know this does not support Hooke's law because my y intercept needs to be zero, but what might be the limitations of the experiment and on possible causes of measurement uncertainty?
In: Physics
photoelectric physics lab
Even though this experiment is mathematically simple, its
conceptual significance is immense. Explain how the experiment
confirms the quantized nature of photon energy. How is the
connection established between wave and particle theories of light?
How are we able to see that electrons in atoms exist in discrete
energy orbitals?
In: Physics
In order to test a hypothesis and prediction, controlled experiments are used. Controlled experiments involve several necessary components. An independent variable is usually manipulated by a researcher but does not change as a result of the experiment. The changes in the dependent variable may be caused by the experiment (and depend upon the independent variable). Graphs that depict the experimental data list the independent variable on the x-axis while the y-axis shows the dependent variable.
A commonly used mnemonic (memory device) to aid in distinguishing the characteristics of the types of variables is DRY MIX.
D = dependent variable (depends on the other) R = responding variable (one that changes) Y = y-axis on a graph M = manipulated variable (one that is changed by the researcher) I = independent variable
X = x-axis on a graph
The following sentence is a template to write an if/then statement to be used as a prediction:
If the independent variable is changed [increased, decreased, etc.], then the dependent variable will change in this way [increase, decrease, etc.]. Example: If the amount of available light increases, then plant growth will increase.
Discussion Questions:
Use the tools and examples just discussed to answer the questions about the experiment scenario described next. Jonah and Tessa noticed that some Leopard frogs by a local river had extra limbs. They decided to check various areas along the river to make more observations. They recorded their observations in their field notebooks. Jonah and Tessa performed a simple laboratory experiment with Leopard frog eggs and river water taken at various spots along the river. They noticed that adult frogs developing from eggs in water collected near an industrial park showed more deformities, but the deformities seemed to be different than those seen on frogs in the natural setting by the river.
In: Statistics and Probability
On June 30, 2016, Gaston Corporation sold $800,000 of 11% face value bonds for $761,150.96. On December 31, 2016, Gaston sold $700,000 of this same bond issue for $734,645.28. The bonds were dated January 1, 2016, pay interest semiannually on each December 31 and June 30, and are due December 31, 2023.
Required:
Compute the effective yield rate on each issuance of Gaston's 11% bonds. Click here to access the tables to use with this problem. Round your answers to the nearest whole percentage.
| June 30, 2016 issuance: | % |
| December 31, 2016 issuance: | % |
In: Accounting
Brief Exercise 13-6
| Your answer is partially correct. Try again. | |
Net income was $501,000 in 2015, $471,000 in 2016, and $519,000 in 2017. What is the percentage of change from (a) 2015 to 2016, and (b) from 2016 to 2017? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)
|
Amount |
Percentage |
|||||||||
| (a) | 2015–2016 | $
-30000 |
? |
% |
DecreaseIncrease |
|||||
| (b) | 2016–2017 | $
48000 |
? |
% |
DecreaseIncrease |
|||||
| Click if you would like to Show Work for this question: |
Open Show Work |
In: Accounting
PLEASE COMPUTE THE FOLLOWING IN EXCEL and show the excel sheet, Thank you so much!
The following are the runs scored totals for 9 players for the 2016 New York Yankees: 56,43,63,68,58,80,71,32,19
(a) Find the mean and median
(b) Find the standard deviation of this population
(c) Considering this as a normal sample of American League players for the 2016 season, find a 99% Confidence Interval for the actual mean of Runs Scored for AL players, 2016 .
(d) Considering this as a normal sample of American League players for the 2016 season, find a 90% Confidence Interval for the actual mean of Runs Scored for AL players, 2016 .
In: Statistics and Probability