Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter:

a. Budgeted monthly absorption costing income statements for April–July are:

Sales$450,000$980,000$430,000$330,000Cost of goods sold 315,000 686,000 301,000 231,000Gross margin 135,000 294,000 129,000 99,000Selling and administrative expenses:        Selling expense 87,000 93,000 54,000 33,000Administrative expense* 41,500 55,200 33,800 31,000Total selling and administrative expenses 128,500 148,200 87,800 64,000Net operating income$6,500$145,800$41,200$35,000

*Includes $15,000 of depreciation each month.

2. Sales are 20% for cash and 80% on account.

3. Sales on account are collected over a three-month period with 10% collected in the month of sale; 70% collected in the first month following the month of sale; and the remaining 20% collected in the second month following the month of sale. February’s sales totaled $155,000, and March’s sales totaled $215,000.

4. Inventory purchases are paid for within 15 days. Therefore, 50% of a month’s inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable at March 31 for inventory purchases during March total $91,700.

5. Each month’s ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. The merchandise inventory at March 31 is $63,000.

6. Dividends of $23,000 will be declared and paid in April.

7. Land costing $31,000 will be purchased for cash in May.

8. The cash balance at March 31 is $45,000; the company must maintain a cash balance of at least $40,000 at the end of each month.

9. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $200,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter

The company’s president is interested in knowing how reducing inventory levels and collecting accounts receivable sooner will impact the cash budget. He revises the cash collection and ending inventory assumptions as follows:

1. Sales continue to be 20% for cash and 80% on credit. However, credit sales from April, May, and June are collected over a three-month period with 25% collected in the month of sale, 65% collected in the month following sale, and 10% in the second month following sale. Credit sales from February and March are collected during the second quarter using the collection percentages specified in the main section.

2. The company maintains its ending inventory levels for April, May, and June at 15% of the cost of merchandise to be sold in the following month. The merchandise inventory at March 31 remains $63,000 and accounts payable for inventory purchases at March 31 remains $91,700.

1. Using the president’s new assumptions in (a) above, prepare a schedule of expected cash collections for April, May, and June and for the quarter in total.

2. Using the president’s new assumptions in (b) above, prepare the following for merchandise inventory:

a. A merchandise purchases budget for April, May, and June.

b. A schedule of expected cash disbursements for merchandise purchases for April, May, and June and for the quarter in total.

3. Using the president’s new assumptions, prepare a cash budget for April, May, and June, and for the quarter in total.

Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2021. The manufacturing cost of the computers was $18 million.
  
This noncancelable lease had the following terms:

• Lease payments: $3,035,786 semiannually; first payment at January 1, 2021; remaining payments at June 30 and December 31 each year through June 30, 2025.
• Lease term: 5 years (10 semiannual payments).
• No residual value; no purchase option.
• Economic life of equipment: 5 years.
• Implicit interest rate and lessee's incremental borrowing rate: 8% semiannually.
• Fair value of the computers at January 1, 2021: $22 million.

  
What is the outstanding balance of the lease liability in Lone Star's June 30, 2021, balance sheet? (Round your answer to the nearest whole dollar.)

• $17,445,565.

• $16,845,574.

• $22,000,000.

• none

1. A large, two-story office building has a first floor which measures 500 ft by 750 ft and a second story which is 500 ft by 500 ft. This building used 76,650 GWh of electricity last year and 120,035 therms of natural gas.

   1. a) What is the EUI of the building? How does this compare to similar buildings?

   2. b) Currently the office encourages carpooling and public transportation and therefore does not have a parking structure attached. They are considering adding this as an amenity to their employees. How does an unheated, 145,000 square feet parking garage change the EUI? How might this

      impact an energy audit of the building?

   3. c) By 2025, the company would like to add solar panels on the roof of the building to create on-site

      electricity. These panels are projected to create a minimum of 20,000 kWh, annually. What is thebuilding’s new EUI?

Q1) Suppose you signed a contract for a special assignment over the next 9 years. You will be paid $26,085 at the end of each year. If your required rate of return is 16.00%, what is this contract worth in today?

Q2) You need a loan to purchase new equipment. The loan will be paid off over 5 years with payments made at the end of every quarter. If the stated annual rate is 23.00% and quarterly payments are $232, what is the loan amount?

Q3) You would like to purchase a car for $16,503. If the car loan is 06.00% financed over 5 years, what will the monthly payments be for this car?

Q4) What is the most that you would pay for an investment that promises to pay $23,466 a year forever with the first payment starting one year from now? Assume that your required rate of return for this investment is 15.00%.

Q5) A loan has a stated annual rate of 16.00%. If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest?

There are three main methods for determining viscosity: the Ostwald viscometer, the falling ball viscometer, and the cup viscometer. Briefly describe how each method works.

If the marginal product of labor is

fallingfalling​,

is the marginal cost of production rising or​ falling? Briefly explain.

If the additional output from each new worker is

fallingfalling​,

Write a 750 word paper in APA format with a minimum of two references addressing the questions following the Case for Analysis (Rising, Then Falling Innovation at Dell)

Consider the following two quotes:

1. In Australia, the story has been quite different. Investment spending here has been at a historically high level over much of the past decade. This has been primarily due to the strength of investment in the resources sector, which reached its highest share of activity in more than a century. So, unlike in other countries, there has been a significant addition to the capital stock in Australia over the past decade. We are seeing the fruits of that investment in the strong growth in resource exports.

2. The Australian of Bureau of Statistics (ABS) reported that the strong trend growth in employment has continued. Monthly trend full-time employment increased for the 14th straight month in November 2017. Full-time employment grew by a further 15,000 persons in November, while part-time employment increased by 7,000 persons, underpinning a total increase in employment of 22,000 persons. "Full-time employment has now increased by around 308,000 persons since November 2016, and makes up the majority of the 371,000 net increase in employment over the period," the Chief Economist for the ABS, Bruce Hockman, said. Over the past year, trend employment increased by 3.1 per cent, which is above the average year-on-year growth over the past 20 years (1.9 per cent). The trend monthly hours worked increased by 3.8 million hours (0.2 per cent), with the annual figure also reflecting strong growth (3.4 per cent). The labour force participation rate increased to 65.4 per cent, the highest it has been since October 2011. The female labour force participation also increased, to a further historical high of 60.1 per cent.

Using the Keynesian 45-degree diagram, explain the short-run macroeconomic implications of the increase in investment spending in Australia and how it impacted on the unemployment rate. Please address the following in your answer:

1. Starting from an initial equilibrium point what is the effect of investment on output and unemployment

2. Provide a detailed explanation of the transition process involved in moving from an initial equilibrium to a new equilibrium

3. The relevance of Okun’s law

4. In his speech Guy Debelle stresses that most of the increase in investment came from the mining sector due to ‘animal spirits’. Explain why investment in nonmining sector was weak. What are the future implications if the mining boom would come to an end?

You plan to take a personal loan of Rs.50,000 at a rate of 12% per annum to buy a computer. The loan is to be paid in 5 equal quarterly installments, the first of which is to be paid at the time of buying and rest four at end of each quarter henceforth.
a)
What is the installment amount?
(2)
b)
Prepare the amortization schedule.