Click here to read the eBook: Free Cash Flow Problem Walk-Through FREE CASH FLOW Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents $ 14,000 $ 12,000 Accounts receivable 35,000 30,000 Inventories 32,675 28,000 Total current assets $ 81,675 $ 70,000 Net plant and equipment 52,000 47,000 Total assets $133,675 $117,000 Liabilities and Equity Accounts payable $ 10,100 $ 9,500 Accruals 7,100 6,000 Notes payable 6,100 5,400 Total current liabilities $ 23,300 $ 20,900 Long-term bonds 20,000 20,000 Total liabilities $ 43,300 $ 40,900 Common stock (4,000 shares) 40,000 40,000 Retained earnings 50,375 36,100 Common equity $ 90,375 $ 76,100 Total liabilities and equity $133,675 $117,000 Income Statement for Year Ending December 31, 2016 Sales $249,000 Operating costs excluding depreciation and amortization 200,000 EBITDA $ 49,000 Depreciation & amortization 4,000 EBIT $ 45,000 Interest 5,500 EBT $ 39,500 Taxes (40%) 15,800 Net income $ 23,700 Dividends paid 9,425 Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. What was net operating working capital for 2015 and 2016?What was Arlington's 2016 free cash flow?

Construct Arlington's 2016 statement of stockholders' equity.   

What was Arlington's 2016 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to two decimal places.

What was Arlington's MVA at year-end 2016? Assume that its stock price at December 31, 2016 was $25.

Various liabilities

The unadjusted trial balance of the Manufacturing Equitable at December 31, 2016, the end of its fiscal year, included the following account balances. Manufacturing’s 2016 financial statements were issued on April 1, 2017.

Other information:

a.  The bank notes, issued August 1, 2016, are due on July 31, 2017, and pay interest at a rate of 10%, payable at maturity.

b.  The mortgage note is due on March 1, 2017. Interest at 9% has been paid up to December 31 (assume 9% is a realistic rate). Manufacturing intended at December 31, 2016, to refinance the note on its due date with a new 10-year mortgage note. In fact, on March 1, Manufacturing paid $250,000 in cash on the principal balance and refinanced the remaining $950,000.

c.  Included in the accounts receivable balance at December 31, 2016, were two subsidiary accounts that had been overpaid and had credit balances totaling $18,000. The accounts were of two major customers who were expected to order more merchandise from Manufacturing and apply the overpayments to those future purchases.

d.  On November 1, 2016, Manufacturing rented a portion of its factory to a tenant for $30,000 per year, payable in advance. The payment for the 12 months ended October 31, 2017, was received as required and was credited to rent revenue.

Required:

1.  Prepare any necessary adjusting journal entries at December 31, 2016, pertaining to each item of other information (a–d).

2.  Prepare the current and long-term liability sections of the December 31, 2016, balance sheet.

9-4

On October 29, 2016, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The razors have a 90-day warranty that requires the company to replace any nonworking razor. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company's cost per new razor is $14 and its retail selling price is $90 in both 2016 and 2017. The manufacturer has advised the company to expect warranty costs to equal 9% of dollar sales. The following transactions and events occurred.

2016

2017

2. How much warranty expense is reported for November 2016 and for December 2016

3. How much warranty expense is reported for January 2017?
  4. What is the balance of the Estimated Warranty Liability account as of December 31, 2016?
  

5. What is the balance of the Estimated Warranty Liability account as of January 31, 2017?
  

Windsor Company began operations on January 2, 2016. It employs 8 individuals who work 8-hour days and are paid hourly. Each employee earns 9 paid vacation days and 7 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows.

Windsor Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned.

Prepare journal entries to record transactions related to compensated absences during 2016 and 2017. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

List of Accounts

Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2016 and 2017.

C++

1. Start with your Date class in the Date.cpp file (from Date01B assignment or whatever)
2. Name the new Date file Date03.cpp
3. Add the following constructors to the date class
   1. create a constructor that takes 3 integers
      1. in the order month, day, year
      2. assigns the month, day, year parameters to the corresponding data items.
      3. Use the ‘setter’ to assign the values
      4. Add a line cout << “in constructor with 3 ints\n” in the constructor
   2. a 'default' constructor - no arguments
      1. Add a line cout << “in default constructor \n” in the constructor
      2. using the ‘setters’ assign
         1. 1 to the month
         2. 1 to the day
         3. 1900 to the year
      3. Add a line cout << “in destructor \n”

4. Create your test plan. This test plan is simple. Just list a way to test each constructor
5. Upload this test plan document
6. Code and execute your test plan
   1. Create a function named void testDate03()
   2. The function should be listed after main
   3. Put the code the test of your test plan here in this function
   4. Call this function from mail to test your new functions
   5. I would not necessarily read in a month, day, and year from the keyboard but hard code your numbers
7. up load the .cpp file
8. upload the test plan document

discussion topic has been created

/**************************************************
*
*      program name:       Date01
*      Author:            
*      date due:            10/19/20
*      remarks:
*
***************************************************/

/******************************************
*     library includes
******************************************/
#include <iostream>           // needed for cin and cout

/******************************************
*     pre-processor
******************************************/
#define PI 3.14159
using namespace std;

class Date
{
    int month;
    int day;
    int year;
public:
    int getMonth(){
        return month;
    }
    int getDay(){
        return day;
    }
    int getYear(){
        return year;
    }
    void setMonth(int month){
        this->month=month;
    }
    void setDay(int day){
        this->day=day;
    }
    void setYear(int year){
        this->year=year;
    }
    void display();
};

void Date::display(){
    cout<<endl;
    cout<<"month is "<<getMonth()<<endl;
    cout<<"day is "<<getDay()<<endl;
    cout<<"year is "<<getYear()<<endl;
    cout<<endl;
}
/*****************************************
*   main() - the function that executes
*****************************************/
int main()
{
    Date date;
    date.setMonth(10);
    date.setDay(19);
    date.setYear(2020);
    date.display();

    system("pause");
    return 0;
}

(Analysis of Transactions' Effect on SCF) Each of the following items must be considered in preparing a statement of cash flows for Cruz Fashions Inc. for the year ended December 31, 2020.

• 1.Fixed assets that had cost $20,000 6½ years before and were being depreciated on a 10-year basis, with no estimated scrap value, were sold for $4,750.
• 2.During the year, goodwill of $15,000 was considered impaired and was completely written off to expense.
• 3.During the year, 500 shares of common stock with a stated value of $25 a share were issued for $32 a share.
• 4.The company sustained a net loss for the year of $2,100. Depreciation amounted to $2,000 and patent amortization was $400.
• 5.Uncollectible accounts receivable in the amount of $2,000 were written off against Allowance for Doubtful Accounts.
• 6.Debt investments (available-for-sale) that cost $12,000 when purchased 4 years earlier were sold for $10,600.
• 7.Bonds payable with a par value of $24,000 on which there was an unamortized bond premium of $2,000 were redeemed at 101.

Instructions

For each item, state where it is to be shown in the statement and then how you would present the necessary information, including the amount. Consider each item to be independent of the others. Assume that correct entries were made for all transactions as they took place.

Explain how you would design an experiment to test for the presence of status quo bias

what were the limitations to the experiment on spontaneous generation theory by lazzaro spallanzani and John needham

Under what conditions during EEG experiment would you expect synchronization to appear?