| Accounts payable, end of year | $ | 9,803 | $ | 13,748 | ||
| Accounts receivable, net, end of year | 31,885 | 19,286 | ||||
| Inventory, end of year | 12,104 | 11,655 | ||||
| Net sales | 157,000 | 104,000 | ||||
| Cost of goods sold | 76,000 | 115,000 | ||||
(1) Use the information above to compute the number of days in the
cash conversion cycle for each year.
(2) Did the company manage cash more effectively in the current
year?
Use the information above to compute the number of days in the cash conversion cycle for each year. (Use 365 days in a year. Round calculations to the nearest whole day.)
|
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In: Accounting
You have taken out a $250,000, one-year ARM. The teaser rate in the first year is 3.75% (annual). The index interest rate after the first year is 2.75% and the margin is 2.50%. (Note: The term on this ARM is 30 years). There is also a periodic (annual) rate cap of 2.00%. Given this information, determine the monthly mortgage payment you would be scheduled to make in month 13 of the mortgage loan's term.
In: Finance
Year # AIDS cases diagnosed # AIDS deaths
| Year | # AIDS cases diagnosed | # AIDS deaths |
|---|---|---|
| Pre–1981 | 91 | 29 |
| 1981 | 319 | 121 |
| 1982 | 1,170 | 453 |
| 1983 | 3,076 | 1,482 |
| 1984 | 6,240 | 3,466 |
| 1985 | 11,776 | 6,878 |
| 1986 | 19,032 | 11,987 |
| 1987 | 28,564 | 16,162 |
| 1988 | 35,447 | 20,868 |
| 1989 | 42,674 | 27,591 |
| 1990 | 48,634 | 31,335 |
| 1991 | 59,660 | 36,560 |
| 1992 | 78,530 | 41,055 |
| 1993 | 78,834 | 44,730 |
| 1994 | 71,874 | 49,095 |
| 1995 | 68,505 | 49,456 |
| 1996 | 59,347 | 38,510 |
| 1997 | 47,149 | 20,736 |
| 1998 | 38,393 | 19,005 |
| 1999 | 25,174 | 18,454 |
| 2000 | 25,522 | 17,347 |
| 2001 | 25,643 | 17,402 |
| 2002 | 26,464 | 16,371 |
| Total | 802,118 | 489,093 |
Graph "year" vs. "# AIDS deaths." Do not include pre-1981. Label both axes with words. Scale both axes. Calculate the following. (Round your answers to the nearest whole number. Round the correlation coefficient r to four decimal places.)
a =
b=
r=
n=
In: Statistics and Probability
30 year Female with two year history of weight gain, hirsutism, easy bruising and oligomenorrhea. The doctor notes HT (BP 180/110) and muscle weakness. The laboratory data showed the following results: 9 am cortisol 600 nmol/L (200-700), Low dose dexamethasone suppression test - Basal 630 nmol/L- 48h 470 nmol/L (normal <50 nmol/L), Urine free cortisol: 1250 nmol/L (<250), Plasma ACTH: undetectable. What do you think the cause of her symptoms would be?
In: Anatomy and Physiology
Deep River College is a two-year school in Southern California. Twice a year, the fundraising office at Deep River mails requests for donations to the alumni. The staff uses a word processing program and a personal information database to create personalized letters. Data on past contributions and other alumni information, however, is stored manually. The dean, Alexandra Ali, recently submitted a systems request asking the college’s IT department to develop a computerized alumni information system. The school does not have a formal systems review committee, and each department has an individual budget for information services. Eddie Bateman, a systems analyst, performed a preliminary investigation and he concluded that the system met all the feasibility tests. After reading his report, Alexandra asked him to proceed with the systems analysis phase.
(1) Design a questionnaire to learn how the current process works and what the information requirements for the new information system would be. Your questionnaire should include the three types of questions discussed in the textbook.
It should contain:
six closed-ended questions, five opinion questions, and one question requesting an explanation of a procedure or problem.
[Hint: use the one question to explain the procedure, and close-ended questions to learn the information requirements]
In: Computer Science
Assume the year end for Oblix Company is December 31. Selected transactions of fiscal year 2018 for Oblix Company are presented below. All accounts are in normal balance:
|
Days Outstanding |
Outstanding Amount |
% Estimated to be Uncollectible |
|
Within 60 days |
$6,000 |
1% |
|
Within 90 days |
$2,000 |
4% |
|
> 90 days |
$1,240 |
10% |
Required:
I'd like to know how to solve 3 questions.
In: Accounting
Each year about 1500 students take the introductory statistics course at a large university. This year scores on the final exam are distributed with a median of 74 points, a mean of 70 points, and a standard deviation of 10 points. There are no students who scored above 100 (the maximum score attainable on the final) but a few students scored below 20 points. a.Is the distribution of scores on this final exam symmetric, right skewed, or left skewed? b.Would you expect most students to have scored above or below 70 points? c.What is the probability that the average score for a random sample of 40 students is above 75? (please round to four decimal places) Additionally, can this question be answered using excel or statcrunch?
In: Statistics and Probability
The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year:
| 2016 | ||
| July | 1 | Issued $39,500,000 of 20-year, 7% callable bonds dated July 1, 2016, at a market (effective) rate of 8%, receiving cash of $35,590,960. Interest is payable semiannually on December 31 and June 30. |
| Oct. | 1 | Borrowed $200,000 by issuing a six-year, 4% installment note to Nicks Bank. The note requires annual payments of $38,152, with the first payment occurring on September 30, 2017. |
| Dec. | 31 | Accrued $2,000 of interest on the installment note. The interest is payable on the date of the next installment note payment. |
| 31 | Paid the semiannual interest on the bonds. The bond discount amortization of $97,726 is combined with the semiannual interest payment. | |
| 31 | Closed the interest expense account. | |
| 2017 | ||
| June | 30 | Paid the semiannual interest on the bonds. The bond discount amortization of $97,726 is combined with the semiannual interest payment. |
| Sept. | 30 | Paid the annual payment on the note, which consisted of interest of $8,000 and principal of $30,152. |
| Dec. | 31 | Accrued $1,698 of interest on the installment note. The interest is payable on the date of the next installment note payment. |
| 31 | Paid the semiannual interest on the bonds. The bond discount amortization of $97,726 is combined with the semiannual interest payment. | |
| 31 | Closed the interest expense account. | |
| 2018 | ||
| June | 30 | Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $3,518,136 after payment of interest and amortization of discount have been recorded. (Record the redemption only.) |
| Sept. | 30 | Paid the second annual payment on the note, which consisted of interest of $6,794 and principal of $31,358. |
Required:
| 1. | Journalize the entries to record the foregoing transactions. Round all amounts to the nearest dollar. Be sure to include the year in the date for the entries. Refer to the Chart of Accounts for exact wording of account titles. |
| 2. | Indicate the amount of the interest expense in (a) 2016 and (b) 2017. |
| 3. | Determine the carrying amount of the bonds as of December 31, 2017. |
Chart of Accounts
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Journal
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Final Questions
Shaded cells have feedback.
2. Indicate the amount of the interest expense in (a) 2016 and (b) 2017.
| 2016: | |
| 2017: |
3. Determine the carrying amount of the bonds as of December 31, 2017.
In: Accounting
The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year:
| 2016 | ||
| July | 1 | Issued $71,100,000 of 20-year, 12% callable bonds dated July 1, 2016, at a market (effective) rate of 14%, receiving cash of $61,621,133. Interest is payable semiannually on December 31 and June 30. |
| Oct. | 1 | Borrowed $250,000 by issuing a six-year, 5% installment note to Nicks Bank. The note requires annual payments of $49,254, with the first payment occurring on September 30, 2017. |
| Dec. | 31 | Accrued $3,125 of interest on the installment note. The interest is payable on the date of the next installment note payment. |
| 31 | Paid the semiannual interest on the bonds. The bond discount amortization of $236,972 is combined with the semiannual interest payment. | |
| 31 | Closed the interest expense account. | |
| 2017 | ||
| June | 30 | Paid the semiannual interest on the bonds. The bond discount amortization of $236,972 is combined with the semiannual interest payment. |
| Sept. | 30 | Paid the annual payment on the note, which consisted of interest of $12,500 and principal of $36,754. |
| Dec. | 31 | Accrued $2,666 of interest on the installment note. The interest is payable on the date of the next installment note payment. |
| 31 | Paid the semiannual interest on the bonds. The bond discount amortization of $236,972 is combined with the semiannual interest payment. | |
| 31 | Closed the interest expense account. | |
| 2018 | ||
| June | 30 | Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $8,530,979 after payment of interest and amortization of discount have been recorded. (Record the redemption only.) |
| Sept. | 30 | Paid the second annual payment on the note, which consisted of interest of $10,662 and principal of $38,592. |
Required:
| 1. | Journalize the entries to record the foregoing transactions. Round all amounts to the nearest dollar. Be sure to include the year in the date for the entries. Refer to the Chart of Accounts for exact wording of account titles. |
| 2. | Indicate the amount of the interest expense in (a) 2016 and (b) 2017. |
| 3. | Determine the carrying amount of the bonds as of December 31, 2017. |
In: Accounting
On May 1 of the current year a company paid $200,000 to purchase 7%, 10-year bonds with a par value of $200,000; interest is paid semiannually on May 1 and November 1. The company intends to hold the bonds until they mature.
a. Prepare the journal entries to record the bond purchase.
b. The receipt of the first semiannual interest payment on September 1 of the current year
c. The accrual of interest for year-end December 31
d. The receipt of the second semiannual payment on May 1
In: Accounting