Compute trend percents for the above accounts, using 2013 as the base year.

let's assume that your contract with Whole Grains on May 1, 2016, says you will buy 500 pounds of flour and 300 pounds of sugar, but that you will arrange to have to products shipped from Whole Grain's production facility on May 30, 2016 to your kitchen. Whole Grains plans to have the products shipped from its mills to Whole Grains for packaging on May 15, 2016, and says packaging will be complete and your order will be filled by May 25, 2016.

Did title pass from Whole Grains to you on the date of the contract? Why/why not?

2. When does title pass from Whole Grains to you? Why?

Universal Foods issued 10% bonds, dated January one, with a face amount of 150 million dollars on January 1st 2016. do Bonds mature on December 31st 2030. the market rate of interest for similar issues with 12%. Interest is paid semi-annually on June 30th and December 31st. Universal uses the straight-line method.

1. determine the price of the bond. January 1, 2016.
2. prepare the journal entry to record the issuance by Universal Foods on January 1st 2016
3. prepare the journal entry to record interest on June 30th 2016
4. prepare the journal entry to record interest on December 31st 2023

Sheridan Company began operations on January 2, 2016. It employs  8 individuals who work 8-hour days and are paid hourly. Each employee earns  10 paid vacation days and  8 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.

Sheridan 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.)

1. Pearl Company began operations on January 2, 2016. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 13 paid vacation days and 8 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.
   

Pearl Company has chosen not to accrue paid sick leave until used and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation time.

1. Prepare journal entries to record transactions related to compensated absences during 2016 and 2017.
   1. 2016:
      1. To accrue expense and liability for vacations
      2. To record sick leave paid

2. 2017:

1. To accrue expense and liability for vacations

              2. To record sick leave paid

              3. To record vacation time paid

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

Please show work!

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.

You are using C. elegans as a model system to study aging and you screen several natural compounds for increase in lifespan. You identify one (let’s call it compound A) that increases worm lifespan when fed to them. You next want to see if compound A is acting on the insulin/IGF pathway. What experiment would you do to test this? If it is acting on the insulin/IGF pathway, what result would you expect from your experiment?