| ROA | Asset Turnover | Profit Margin | COGS to Revenue | |
| Carmax | 4.46% | 1.02 | 4.37% | 0.87 |
| AutoNation | 4.25% | 2.01 | 2.11% | 0.83 |
Does the relative size of the cost of goods sold to revenue ratio help explain the difference in the ROA profit margin and ROA for the two firms?
In: Finance
Are preferential trading agreements necessarily good for national welfare? How? Rather than gaining tariff revenue from inexpensive imports from world markets, a country may import expensive products from member countries but not gain any tariff revenue? Explain it in Afghanistan context.
In: Economics
4) For a perfectly competitive firm, which of the following is not true at profit maximiza- tion? a. Total revenue minus total cost is maximized. b. Marginal revenue equals marginal cost. c. Price equals marginal cost. d. Market price is greater than marginal cost.
In: Economics
The following comparative income statement (in thousands of dollars) for the two recent fiscal years was adapted from the annual report of Motor Speedways Inc., owner and operator of several major motor speedways.
|
1 |
Current Year |
Previous Year |
|
|
2 |
Revenues: |
||
|
3 |
Admissions |
$93,991.00 |
$106,074.00 |
|
4 |
Event-related revenue |
142,204.00 |
134,460.00 |
|
5 |
NASCAR broadcasting revenue |
189,930.00 |
179,280.00 |
|
6 |
Other operating revenue |
60,875.00 |
78,186.00 |
|
7 |
Total revenue |
$487,000.00 |
$498,000.00 |
|
8 |
Expenses and other: |
||
|
9 |
Direct expense of events |
$96,913.00 |
$100,098.00 |
|
10 |
NASCAR purse and sanction fees |
121,263.00 |
123,006.00 |
|
11 |
Other direct expenses |
17,045.00 |
25,398.00 |
|
12 |
General and administrative |
193,339.00 |
229,578.00 |
|
13 |
Total expenses and other |
$428,560.00 |
$478,080.00 |
|
14 |
Income from continuing operations |
$58,440.00 |
$19,920.00 |
| A. | Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Enter all amounts as positive numbers. Rounding instructions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| B. |
Comment on the significant changes. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Enter all amounts as positive numbers. Rounding instructions
|
In: Accounting
Income Statement, Statement of Stockholders’ Equity, and Balance Sheet
Napolean Corporation started business on January 1, 2016. The following information was compiled by Napolean’s accountant on December 31, 2016:
| Sales Revenue | $12,000 | Equipment, net | $9,000 | |
| Expenses | 7,200 | Building, net | 24,000 | |
| Dividends | 1,800 | Accounts Payable | 2,400 | |
| Cash | 900 | Notes Payable | 19,800 | |
| Accounts Receivable | 1,500 | Common Stock | 12,000 | |
| Inventory | 1,800 | Retained Earnings | ? |
Required
You have been asked to assist the accountant for the Napolean Corporation in preparing year-end financial statements. Use the above information to prepare an income statement, statement of stockholders’ equity, and a balance sheet as of December 31, 2016.
| NAPOLEAN
CORPORATION Income Statement For Year Ended December 31, 2016 |
|
|---|---|
| Sales Revenue | $Answer |
| AnswerAccounts PayableAccounts ReceivableBuilding, netCashCommon StockDividendsEquipment, netExpensesInventoryNotes PayableRetained EarningsSales Revenue | Answer |
| Net income | $Answer |
| NAPOLEAN
CORPORATION Statement of Stockholders' Equity For Year Ended December 31, 2016 |
|||
|---|---|---|---|
| Common Stock |
Retained Earnings |
Total |
|
| Balance, January 1, 2016 | $Answer | $Answer | $Answer |
| Add: Net Income for 2016 | Answer | Answer | Answer |
| Add: Issuance of Common Stock | Answer | Answer | Answer |
| Less: Dividends paid (enter as a negative) |
Answer | Answer | Answer |
| Balance, December 31, 2016 | $Answer | $Answer | $Answer |
| NAPOLEAN
CORPORATION Balance Sheet December 31, 2016 |
||||
|---|---|---|---|---|
| ASSETS | ||||
| AnswerAccounts PayableAccounts ReceivableBuilding, netCashCommon StockDividendsEquipment, netExpensesInventoryNotes PayableRetained EarningsSales Revenue | $Answer | |||
| Accounts Receivable | Answer | |||
| AnswerAccounts PayableAccounts ReceivableBuilding, netCashCommon StockDividendsEquipment, netExpensesInventoryNotes PayableRetained EarningsSales Revenue | Answer | |||
| Building | Answer | |||
| Equipment | Answer | |||
| Total Assets | $Answer | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||
| LIABILITIES | ||||
| Accounts Payable | $Answer | |||
| AnswerAccounts PayableAccounts ReceivableBuilding, netCashCommon StockDividendsEquipment, netExpensesInventoryNotes PayableRetained EarningsSales Revenue | Answer | |||
| Total Liabilities | Answer | |||
| STOCKHOLDERS' EQUITY | ||||
| AnswerAccounts PayableAccounts ReceivableBuilding, netCashCommon StockDividendsEquipment, netExpensesInventoryNotes PayableRetained EarningsSales Revenue | Answer | |||
| AnswerAccounts PayableAccounts ReceivableBuilding, netCashCommon StockDividendsEquipment, netExpensesInventoryNotes PayableRetained EarningsSales Revenue | Answer | |||
| Total Stockholders' Equity | Answer | |||
| Total Liabilities and Stockholders' Equity | $Answer | |||
In: Accounting
A suburban hotel derives its revenue from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupied on a nightly basis and the revenue per day in the restaurant. Below is a sample of 25 days (Monday through Thursday) from last year showing the restaurant income and number of rooms occupied.
| Day | Revenue | Occupied | Day | Revenue | Occupied | ||||||||
| 1 | $ | 1,452 | 65 | 14 | $ | 1,425 | 31 | ||||||
| 2 | 1,361 | 20 | 15 | 1,445 | 51 | ||||||||
| 3 | 1,426 | 21 | 16 | 1,439 | 62 | ||||||||
| 4 | 1,470 | 50 | 17 | 1,348 | 45 | ||||||||
| 5 | 1,456 | 70 | 18 | 1,450 | 41 | ||||||||
| 6 | 1,430 | 23 | 19 | 1,431 | 62 | ||||||||
| 7 | 1,354 | 30 | 20 | 1,446 | 47 | ||||||||
| 8 | 1,442 | 21 | 21 | 1,485 | 43 | ||||||||
| 9 | 1,394 | 15 | 22 | 1,405 | 38 | ||||||||
| 10 | 1,459 | 36 | 23 | 1,461 | 36 | ||||||||
| 11 | 1,399 | 41 | 24 | 1,490 | 30 | ||||||||
| 12 | 1,458 | 35 | 25 | 1,426 | 65 | ||||||||
| 13 | 1,537 | 65 | |||||||||||
Choose the scatter diagram that best fits the data.
| Scatter diagram 1 | Scatter diagram 2 | Scatter diagram 3 |
Scatter diagram 1
Scatter diagram 2
Scatter diagram 3
Determine the coefficient of correlation between the two variables. (Round your answer to 3 decimal places.)
Pearson correlation _____
c-1. State the decision rule for 0.01 significance level: H0: ρ ≤ 0; H1: ρ > 0. (Round your answer to 3 decimal places.)
Reject H0 if T> _____
c-2. Compute the value of the test statistic. (Round your answer to 2 decimal places.)
Value of the test statistic _________
c-3. Is it reasonable to conclude that there is a positive relationship between revenue and occupied rooms? Use the 0.01 significance level.
______ H0, it ______ reasonable to conclude that there is a positive relationship between revenue and occupied rooms.
What percent of the variation in revenue in the restaurant is accounted for by the number of rooms occupied? (Round your answer to 1 decimal place.)
_____ % of the variation in revenue is explained by variation occupied rooms.
In: Statistics and Probability
Ask the user for the name of a car maker. Display the oldest and newest car from that maker. Modify your display to include the VIN of the car. Format the output in columns of 15, 25, 5, and 18.
| Standard Input | Files in the same directory |
|---|---|
Toyota |
|
Required Output
What car make are you looking for?\n
Oldest Toyota\n
Toyota MR2 1985 WAUFFAFL2CN997894\n
Newest Toyota\n
Toyota Venza 2013 WAUEH54B01N735764\n
| Standard Input | Files in the same directory |
|---|---|
Chevrolet |
|
Required Output
What car make are you looking for?\n
Oldest Chevrolet\n
Chevrolet Corvair 1960 1N6BF0KM1FN003702\n
Newest Chevrolet\n
Chevrolet Colorado 2012 WVWAA7AJ4BW878497\n
| Standard Input | Files in the same directory |
|---|---|
Lamborghini |
|
Required Output
What car make are you looking for?\n
Oldest Lamborghini\n
Lamborghini Murciélago 2002 3GYFK66N43G898137\n
Newest Lamborghini\n
Lamborghini Reventón 2008 ZHWGU5BR6EL542311\n
| Standard Input | Files in the same directory |
|---|---|
Kia |
|
Required Output
What car make are you looking for?\n
Oldest Kia\n
Kia Sephia 1996 1N6AA0CC7CN222465\n
Newest Kia\n
Kia Forte 2012 2V4RW3D14AR530852\n
| Standard Input | Files in the same directory |
|---|---|
GMC |
|
Required Output
What car make are you looking for?\n
Oldest GMC\n
GMC Jimmy 1992 1YVHZ8BA1A5450350\n
Newest GMC\n
GMC Yukon 2013 1FTFW1E82AK523715\n
| Standard Input | Files in the same directory |
|---|---|
Volvo |
|
Required Output
What car make are you looking for?\n
Oldest Volvo\n
Volvo 850 1995 JH4KC1F95FC996591\n
Newest Volvo\n
Volvo S60 2011 WA1DGAFE7ED674601\n
Heres cars.txt that you wanted:
make model year Ford Expedition 2003 Mazda B-Series 1989 Ford Freestar 2003 Hyundai Elantra 2001 Hyundai Entourage 2008 Chevrolet Camaro 2011 Chevrolet Monte Carlo 2006 Chevrolet Blazer 1996 Chevrolet Aveo 2005 Chevrolet Corvette 1999 Mercedes-Benz E-Class 2006 Dodge Avenger 1995 Pontiac Grand Prix 1973 Mitsubishi Outlander 2011 MINI Clubman 2011 Suzuki Aerio 2007 Dodge Dakota Club 1992 Chevrolet Astro 2002 Chevrolet Tahoe 1996 Mitsubishi Mirage 1994 Porsche 944 1991 Hyundai Elantra 1994 Mercury Grand Marquis 1998 Volkswagen Golf 2001 Jaguar XJ Series 2005 Toyota Echo 2005 GMC Safari 2002 GMC Sierra 1500 2000 Chevrolet Cobalt 2005 Jeep Patriot 2008 Mazda Navajo 1991 Chevrolet Malibu 2001 Saab 900 1990 Mercury Grand Marquis 1998 Hummer H1 2004 Subaru Loyale 1993 Jeep Wrangler 1999 Ford Mustang 1994 Austin Mini Cooper S 1963 Mercedes-Benz M-Class 1998 Jeep Wrangler 2006 Honda Civic 1997 Plymouth Voyager 1994 Ford Club Wagon 1997 Audi 5000S 1984 Saturn VUE 2003 Oldsmobile Achieva 1994 Mercedes-Benz G55 AMG 2006 Chevrolet Express 3500 1997 Lexus ES 1992 Cadillac Allante 1992 Hyundai Tiburon 1997 Pontiac Grand Prix 1965 Ford Focus 2000 Mitsubishi Chariot 1987 Chrysler Prowler 2001 Land Rover Discovery 2012 Volkswagen Scirocco 1984 Ford Bronco 1984 Hyundai Accent 1996 Volkswagen Routan 2012 Volkswagen Golf 2003 GMC Terrain 2010 Ford F150 2009 GMC Sierra 2011 Dodge Ram Van 1500 2000 Chrysler 300 2009 Oldsmobile Achieva 1997 Land Rover Discovery 2008 Toyota 4Runner 2002 Porsche 911 1995 Toyota Land Cruiser 2002 Land Rover Defender 1994 Chevrolet Lumina 1997 Audi TT 2002 Chrysler Town & Country 2009 Nissan Frontier 2000 Toyota Tercel 1997 Buick Riviera 1997
I would prefer the sorting algorithm types like Bubble and Selection searches if you can. If you want car-list.txt, I can't put it in the question because it was too long. Make sure this in Java and also have notes on the program and the right formatting, thank you.
In: Computer Science
A manufacturer of microwaves has discovered that female shoppers have little value for microwaves and attribute almost no extra value to an auto-defrost feature. Male shoppers generally value microwaves more than women do and attribute greater value to the auto-defrost feature. There is little additional cost to incorporating an auto-defrost feature. Since men and women cannot be charged different prices for the same product, the manufacturer is considering introducing two different models. The manufacturer has determined that men value a simple microwave at $82 and one with auto-defrost at $148, while women value a simple microwave at $66 and one with auto-defrost at $82.
Suppose the manufacturer is considering three pricing strategies:
| 1. | Market a single microwave, with auto-defrost, at $82, to both men and women. |
| 2. | Market a single microwave, with auto-defrost, at $148, to only men. |
| 3. | Market a simple microwave to women, at $66. Market a microwave, with auto-defrost, to men at $131. |
For simplicity, assume there is only 1 man and 1 woman and that if the price of a microwave is equal to an individual's willingness to pay, the individual will purchase the microwave.
Use the following table to indicate the revenue from men, the revenue from women, and the total revenue from each strategy.
|
Strategy |
Revenue from Men |
Revenue from Women |
Total Revenue from Strategy |
|---|---|---|---|
| 1. Auto-Defrost Microwave only at $82 | |||
| 2. Auto-Defrost Microwave only at $148 | |||
| 3. Simple Microwave at $66, Auto-Defrost Microwave at $131 |
Suppose that, instead of one man and one woman, the market for this microwave consisted entirely of men. For simplicity, you can assume this means that there are two men, and no women.
Under these conditions, pricing strategy ? would maximize revenue for the manufacturer.
In: Economics
Jimmitz Inc. is a subsidiary of Krocker Gear. Jimmitz sells shoe accessories to Krocker at a 25% markup on cost. Information on these intercompany merchandise transactions is below:
| Inventory balance on Krocker’s books, purchased from Jimmitz, January 1, 2020 | $11,250 |
| Inventory balance on Krocker’s books, purchased from Jimmitz, December 31, 2020 | 10,250 |
| Total sales revenue recorded by Jimmitz on merchandise sales to Krocker in 2020 | 1,500,000 |
Required
a. Prepare the working paper eliminating entries related to these intercompany transactions at December 31, 2020.
| Description | Debit | Credit | |
|---|---|---|---|
| AnswerCost of goods soldInventoriesInvestment in KrockerRetained earnings, beg. - KrockerSales revenue | Answer | Answer | |
| AnswerCost of goods soldInventoriesInvestment in KrockerRetained earnings, beg. - KrockerSales revenue | Answer | Answer | |
| To eliminate the intercompany profit from Krocker's beg. Inventory. | |||
| AnswerCost of goods soldInventoriesInvestment in KrockerRetained earnings, beg. - KrockerSales revenue | Answer | Answer | |
| AnswerCost of goods soldInventoriesInvestment in KrockerRetained earnings, beg. - KrockerSales revenue | Answer | Answer | |
| To eliminate intercompany sales and purchases. | |||
| AnswerCost of goods soldInventoriesInvestment in KrockerRetained earnings, beg. - KrockerSales revenue | Answer | Answer | |
| AnswerCost of goods soldInventoriesInvestment in KrockerRetained earnings, beg. - KrockerSales revenue | Answer | Answer | |
| To eliminate the intercompany profit from Krocker’s ending inventory. | |||
b. Krocker sold shoes containing Jimmitz’s shoe accessories during 2020.
What amount did Krocker and Jimmitz record as cost of goods sold for the shoe accessories in 2020?
$Answer
What amount should appear in consolidated cost of goods sold for these shoe accessories?
$Answer
Show how the eliminating entries in part a adjust Krocker’s cost of goods sold balance to the correct consolidated balance.
| Account | Krocker Dr (Cr) |
Jimmitz Dr (Cr) |
Debit | Credit | Consolidated Balances Dr (Cr) |
|
|---|---|---|---|---|---|---|
| Cost of goods sold | $Answer | $Answer | Answer | Answer | $Answer | |
| Answer |
In: Accounting
On January 1, 2019, Fulton Inc. enters into a contract with Gibson to deliver goods. Gibson pays $100,000 at the time the contract is signed, at which time the goods are transferred and Fulton’s performance obligation is complete. In addition, Gibson agrees to pay Fulton $100,000 on December 31, 2019, and December 31, 2020. If Fulton entered into a financing arrangement with Gibson it would charge an interest rate of 9%.
Required:
| 1. | Determine the transaction price for the contract with Gibson. |
| 2. | Prepare the journal entries to record Fulton’s 2019 sales revenue and interest revenue. |
| 3. |
Next Level What is the objective of adjusting the transaction price to reflect the time value of money? |
| CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fulton Inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1. Determine the transaction price for the contract with Gibson.
Additional Instructions
Transaction price
2. Prepare the journal entries to record Fulton’s sales revenue on January 1 and interest revenue on December 31.
General Journal Instructions
PAGE 1
GENERAL JOURNAL
| DATE | ACCOUNT TITLE | POST. REF. | DEBIT | CREDIT | |
|---|---|---|---|---|---|
|
1 |
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2 |
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|
3 |
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|
4 |
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5 |
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6 |
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7 |
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8 |
In: Accounting