An arithmetic cash flow gradient series equals $650 in year 1, $750 in year 2, and amounts increasing by $100 per year through year 12. At i = 15% per year, determine the present worth of the cash flow series in year 0.
The present worth of the cash flow series in year 0 is $
please help me with this question
In: Economics
1.) Harlow Industries reported net income of $35,168 for the current year. During the year, Inventory decreased by $11,561, Accounts Payable decreased by $15,530, Depreciation Expense was $6,972, and Accounts Receivable increased by $6,906. If the indirect method is used, what is the net cash provided by operating activities?
2.) Based on the following information about cash transactions, compute cash flows from financing activities. Note: Some information may not be necessary for your calculation.
Purchase of investments = $31,404
Dividends paid = $6,250
Interest paid = $9,580
Additional amount borrowed from a bank = $54,266
3.) Using the information below and the indirect method, calculate the Net Cash Provided by Operating Activities.
Net Income = $70,484
Depreciation Expense = $4,583
Increase in Accounts Receivable = $16,402
Decrease in Inventory = $25,488
Increase in Accounts Payable = $18,979
Decrease in Accrued Liabilities = $8,963
4.) Using the information below and the indirect method, calculate the Net Cash Provided by Operating Activities.
Net Income = $62,704
Depreciation Expense = $6,196
Decrease in Accounts Receivable = $19,660
Decrease in Inventory = $25,251
Increase in Accounts Payable = $15,033
Increase in Accrued Liabilities = $8,480
In: Accounting
If a taxpayer changes its taxable year, the interval between the last full taxable year prior to the change and the starting date of the new taxable year shall be considered as a short independent fiscal period.
The first year of a new taxpayer or the last year of a taxpayer in case of discontinuation or liquidation, may be a short independent fiscal year. Why? Explain with example.
In: Accounting
If a taxpayer changes its taxable year, the interval between the last full taxable year prior to the change and the starting date of the new taxable year shall be considered as a short independent fiscal period.
The first year of a new taxpayer or the last year of a taxpayer in case of discontinuation or liquidation, may be a short independent fiscal year. Why? Explain with example.
For every kind of money or activity there is a rule for calculating alms which are due on it. Some are calculated in relation to the total amount and others are calculated in relation to the net amount. Give two examples for each where alms are calculated on total amounts and where alms on calculated on net amounts.
Receptacle of Alms money calculated by subtracting liabilities which are due to be paid at that moment from alms assets. Assets which meet the conditions of obligatory alms are called Alms Assets. State the conditions of obligatory alms.
In: Accounting
Cook Company processes and packages frozen seafood. The year
just ended was Cook's first year of business and they are preparing
financial statements. The immediate issue facing Cook is the
treatment of the direct labor costs. Cook set a standard at the
beginning of the year that allowed two hours of direct labor for
each unit of output. The standard rate for direct labor is $27 per
hour. During the year, Cook processed 60,000 units of seafood for
the year, of which 4,800 units are in ending finished goods. (There
are no work-in-process inventories). Cook used 123,500 hours of
labor. Total direct labor costs paid by Cook for the year amounted
to $3,087,500.
Required:
a. & b. What was the direct labor price
variance and the direct labor efficiency variance for the
year?
c. Assume Cook writes off all variances to Cost of
Goods Sold. Prepare the entries Cook would make to record and close
out the variances.
d. Assume Cook prorates all variances to the
appropriate accounts. Prepare the entries Cook would make to record
and close out the variances.
In: Accounting
I need to create a balance sheet with the following information
| Account | Current Year | Prior Year | |
| Cash | 3,422,928 | 3,773,862 | Balance sheet |
| Accrued compensation and related liabilities | 4,248,791 | 2,656,831 | Balance sheet |
| Accounts and notes receivable | 52,966,361 | 48,883,616 | Balance sheet |
| Prepaid expenses and other current assets | 13,956 | 33,094 | Balance sheet |
| Inventory | 1,461,138 | 1,397,898 | Balance sheet |
| Accounts payable | 2,080,892 | 2,657,082 | Balance sheet |
| Payable to thirdparty payors | 400,083 | 321,196 | Balance sheet |
| Notes and loans payable | 5,142,900 | Balance sheet | |
| Other deferred credits | 40,598 | Balance sheet | |
| Intercompany payables | 782 | 7,210 | Balance sheet |
| Bonds payable | 7,040,952 | 8,539,836 | Balance sheet |
| Pledges and other receivables | 7,043,254 | 1,386,264 | Balance sheet |
| Construction in progress | 1,400,434 | 2,032,344 | Balance sheet |
| Equipment | 27,614,701 | 24,861,028 | Balance sheet |
| Land improvements | 4,284,122 | 4,284,122 | Balance sheet |
| Unrestricted Fund Balance | 35,632,865 | 28,111,550 | Balance sheet |
| Buildings and Improvements | 38,658,121 | 35,224,180 | Balance sheet |
| Limited use investments | 5,142,901 | Balance sheet | |
| Less allowance for uncollectible receivables and thirdparty contractual withholds | -39,086,187 | -35,376,597 | Balance sheet |
| Intercompany receivables | 25,257 | 6,478 | Balance sheet |
| Other noncurrent liabilities | 316,402 | 290,393 | Balance sheet |
| Other accrued expenses | 232,581 | 269,772 | Balance sheets More information from my professor
Less accumulated depreciation & amortization (balance sheet) ($47,637,321) ($44,137,099) |
In: Accounting
calculate the company's value per share using the Residual Earnings approach.
In the current year (Year 0), the company reported EPS of $6
Earnings are expected to grow at 6% per year for the next 5 years and Residual Earnings are expected to grow at 3% beyond that.
Dividends per share are typically 20% of EPS
Book Value per share at Year 0 is $25
The company's Required Rate of Return is 9%
In: Accounting
|
What's the future value of a 10%, 5-year ordinary annuity that pays $500 each year? If this was an annuity due, what would its future value be? Do not round intermediate calculations. Round your answers to the nearest cent. Future Value of an Ordinary Annuity: Future Value of an Annuity Due: |
In: Finance
John Decides to make 10 end-of year deposits of $10,000 into a fund starting one year from now. He is planning to withdraw $20,000 each year for 5 years, starting one year after the last deposit. The fund pays 8% per year compounded annually. Determine the balance in the fund immediately after the last withdrawal.
In: Economics
The Rhodes family is applying for a 30-year FHA mortgage loan at 4.00% interest per year. Based upon the front-end ratio, what is the maximum loan the family can afford? Use the most conservative FHA ratio. Their financial situation is as follows:
| Item | Amount | Frequency | Time Remaining |
| Familly Income | 50000 | annual | |
| Car loan | 350 | monthly | 36 months |
| Student loans | 180 | monthly | 110 months |
| Boat loan | 400 | monthly | 7 months |
In: Finance