Questions
An arithmetic cash flow gradient series equals $650 in year 1, $750 in year 2, and...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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