Questions
1. The business was started when it acquired $51,000 cash from the issue of common stock....

1. The business was started when it acquired $51,000 cash from the issue of common stock.
2. Northwest purchased $171,000 of merchandise for cash in 2016.
3. During the year, the company sold merchandise for $199,490. The merchandise cost $109,720. Sales were made under the following terms:
  a. $ 45,950   Cash sales
  b. 142,080   Credit card sales (The credit card company charges a 1.25 percent service fee.)
c. 11,460   Sales on account
4. The company collected all the amount receivable from the credit card company.
5. The company collected $10,543 of accounts receivable.
6. The company paid $43,494 cash for selling and administrative expenses.
7.

Determined that 4.50 percent of the ending accounts receivable balance would be uncollectible.

c.

Prepare an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for 2016. (Statement of Cash Flows and Balance Sheet only: Items to be deducted must be indicated with a minus sign. Round your answers to the nearest whole dollar.)

In: Accounting

Queen limited has an investment proposal which is expected to yield a return of 12%. The...

Queen limited has an investment proposal which is expected to yield a return of 12%. The CEO is contemplating whether to go ahead with the proposal or not. Following is the capital structure of the firm as per book value weights. Equity capital - 1.5 crore shares of Rs. 10 each 12% preference capital, 1 lakh shares of Rs. 100 each, 11% term loan of Rs. 12.5 crore, 11.5% debentures - 10 lakh debentures of Rs. 100 each and retained earnings of Rs. 20 crore. The company is expected to declare equity dividend at the rate of 36% next year. The company is growing at the rate of 7% pa and is currently quoted at Rs. 40 per share. Debentures were issued 4 years ago for a tenure of 10 years and are currently trading at a rate of Rs. 80. Preference shares redeemable in next 10 years are trading at Rs. 75 per share. The income tax rate is 30%.

Advise the CEO if the investment proposal should be undertaken.

In: Accounting

You are a loan officer at a bank. Two years ago your bank loaned Westwood Solar...

You are a loan officer at a bank. Two years ago your bank loaned Westwood Solar $100,000 to start a company selling solar panels to commercial and residential customers. The loan has an acceleration clause that permits the bank to immediately demand all payments plus the interest owed to date if Westwood Solar fails to pay an installment in any given month. Westwood Solar has made its loan payments for the past two years. However, you know that the company has slipped into financial distress as sales of solar panels have proved more difficult than expected. The CEO of Westwood Solar, anticipating your concern, has informed you that a new state bill proceeding through the legislature proposes to give residents substantial tax breaks for buying solar panels. The CEO has also asked for a two month extension for the next payment in order to prepare for the new tax law. Evaluate whether you should exercise the acceleration clause against Westwood Solar.

In: Finance

HARLAND CORP has been in existence for 45 years. Over the past, 6 years the stock...

HARLAND CORP has been in existence for 45 years. Over the past, 6 years the stock price has stagnated and remained between $22.15 and $22.82. The CEO, who started the company, believes that the stock price needs to be higher, and the best way to do that is to pay a dividend to increase the demand for the stock. The company has never paid a dividend in their history. The CEO needs to determine what type of dividend policy to follow, and how much the first dividend should be, so he comes to you for advice. He provides you with the following historical information as it relates to the company's earnings per share (as an aside, dividends per share should not exceed EPS unless the firm is liquidating):

      YEAR                          EPS

      2017                           $2.36

      2016                           $2.12

      2015                           $0.81

      2014                           $2.01

      2013                           $2.09

      2012                           $2.44

      2011                           $2.31

      2010                           $2.01

what is the brief memo as to what dividend policy you recommend, why recommend it, what initial dividend amount you recommend, and why you recommend that amount.

In: Finance

PLEASE explain how to get the answer Dollar-Value LIFO Retail The following information is obtained from...

PLEASE explain how to get the answer

Dollar-Value LIFO Retail

The following information is obtained from Burger Company's records. Burger uses the dollar-value LIFO retail method.

2019 2020 2021
Cost Retail Cost Retail Cost Retail
Purchases $202,400 $430,000 $238,500 $540,000 $240,100 $500,000
Net additional markups 20,000 30,000 10,000
Net markdowns 10,000 40,000 20,000
Sales 400,000 650,000 450,000

The company adopted LIFO on January 1, 2019, when the cost and retail values of the inventory were $40,000 and $100,000, respectively. Burger experienced the following price indexes:

January 1, 2019 100 December 31, 2020 115
December 31, 2019 108 December 31, 2021 120

Required

Compute the cost of the ending inventory for 2019. Round the cost-to-retail ratio out to three decimal places. Round computations and final answers to the nearest dollar.

BURGER COMPANY
Calculation of ending inventory by Dollar-Value LIFO Retail inventory method
2019
Cost Retail
$ $
$ $
$ $
Ending inventory at retail $
Ending inventory at cost $

Compute the cost of the ending inventory for 2020. Round the cost-to-retail ratio out to three decimal places. Round computations and final answers to the nearest dollar.

BURGER COMPANY
Calculation of ending inventory by Dollar-Value LIFO Retail inventory method
2020
Cost Retail
$ $
$ $
$ $
$ $
Ending inventory at retail $
Ending inventory at cost $

Compute the cost of the ending inventory for 2021. Round the cost-to-retail ratio out to three decimal places. Round computations and final answers to the nearest dollar.

BURGER COMPANY
Calculation of ending inventory by Dollar-Value LIFO Retail inventory method
2021
Cost Retail
$ $
$ $
$ $
$ $
Ending inventory at retail $
Ending inventory at cost $

In: Economics

Carla Vista Company has a December 31 fiscal year end. Selected information follows for Carla Vista...

Carla Vista Company has a December 31 fiscal year end. Selected information follows for Carla Vista Company for two independent situations as at December 31, 2021:

1. Carla Vista purchased a patent from Tamarisk Inc. for $411,000 on January 1, 2018. The patent expires on January 1, 2026. Carla Vista has been amortizing it over its legal life. During 2021, Carla Vista determined that the patent’s economic benefits would not last longer than six years from the date of acquisition.

2. Carla Vista has a trademark that had been purchased in 2014 for $300,000. During 2020, the company spent $50,000 on a lawsuit that successfully defended the trademark. On December 31, 2021, it was assessed for impairment and the recoverable amount was determined to be $320,000.

a. For each of these assets, determine the amount that will be reported on Carla Vista’s December 31, 2020 and 2021, balance sheets. (Round answers to 0 decimal places, e.g. 5,276.)
b. For each of these assets, determine what, if anything, will be recorded on Carla Vista’s 2021 income statement. Be specific about the account name and the amount. (Round answers to 0 decimal places, e.g. 5,276.)

In: Accounting

NB: 1. Questions: 3.1 - 3.3 are related. Make use of the information provided in 3.1...

NB:

1. Questions: 3.1 - 3.3 are related. Make use of the information provided in 3.1 to answer 3.2 & 3.3.

2. Questions: 4.1 - 4.4 are related. Make use of the information provided in 4.1 to answer 4.2, 4.3 & 4.4.

3. Questions: 5.1 - 5.3 are related. Make use of the information provided in 5.1 to answer 5.2 & 5.3.

3.1 An IQ test was given to five MBA students before and after they completed the MBA degree. Test whether there is any improvement (increase) in the IQ of the same students after completing MBA degree. Note: μ1 = population mean IQ before; μ2 = population mean IQ after. Hint: If the mean IQ has improved, then the mean IQ difference ∂ < 0; otherwise, the mean IQ difference ∂ > 0. Question: Formulate the Null and Alternative Hypothesis for this problem.

2 points

Students 1 2 3 4 5

IQ test scores before MBA 110 120 123 132 125

IQ test score After MBA 120 118 125 136 121

use above information

a) H0: IQ mean difference ∂≥0 vs H1: IQ mean difference ∂>0

b) H0: IQ mean difference ∂≤0 vs H1: IQ mean difference ∂>0

c) H0: IQ mean difference ∂=0 vs H1: IQ mean difference ∂≠0

d) H0: IQ mean difference ∂≥0 vs H1: IQ mean difference ∂<0

3.2 Make use of the information provided in the previous question calculate the t-statistic using T-test and tick the correct answer below.

10 points

a) t-statistic = -2.319

b) t-statistic = 0.1028

c) t-statistic = -1.028

d) t-statistic = -0.816

3.3 Based on your empirical evidence in the previous question make your statistical conclusion at the 5% level of significance whether there is any improvement in IQ of the same students after completing MBA degree. Tick the correct answer below.

5 points

a) None of these answers is correct.

b) Fail to reject the Null hypothesis, the Null is probably true that IQ remains the same has not improved after completing the MBA degree.

c) Reject the Null hypothesis. The alternative is probably true that IQ has improved after completing the MBA degree.

d) Accept the Null hypothesis because the t-statistic is very close to zero.

4.1 A company that manufacturers wooden products (e.g. garden furniture, ladders, benches) regularly maintains its lathe machines, which are used for cutting and shaping components. The manager would like to know whether the cost of machine maintenance is related to the age of the machines. For a random sample of 8 lathe machines in the company's factory, the annual maintenance cost (in N$100s) and age of each machine was recorded. Question: Identify the independent variable and the dependent variable. Tick the correct answer below.

2 points

Machine 1 2 3 4 5 6 7 8

Age 4 2 3 8 6 7 1 2

Annual Cost 45 20 39 66 58 50 14 18

Table 2. Maintenance costs analysis

a) Machine =Independent variable & Age =Dependent variable

b) Machine & Age =Independent variables, Annual Cost =Dependent variable

c) Annual cost=Dependent variable & Age =Independent variable

d) Age =Independent variable & Machine =Dependent variable

4.2 Use the information given in the previous question and using the method of least squares, which of the equation listed below represent the best fitting regression line between the age of lathe machines and their annual maintenance costs? Tick the correct answer below.

10 points

a) Machine & Age =7.1306 + 9.336Annual costs

b) Annual cost = 7.336 +6.1306Age

c) Annual cost = 9.336 + 7.1306Age

d) Age = 7.1306 + 9.431Annual cost

4.3 Calculate the sample correlation coefficient (r) between the annual maintenance cost and age of each machine. Question: Which of the options below is the correct answer?

5 points

a) r = -0.91

b) r = 0.89

c) r = 0.87

d) r = 0.94

4.4 Question: What is the expected average maintenance cost of a lathe machine that is five years old? Tick the correct answer below.

4 points

a) 45.04

b) 40.67

c) 42.77

d) 41.77

5.1 In May 2010, the Snap poll asked British adults their opinion on whether they are in favour of or opposed to using profiling to identify potential terrorists at airports, a practice used routinely in Israel, but not in the UK. Does opinion depend on age? Or are opinion and age independent? Table below show some numbers from Snap Poll. Question: Formulate the Null and Alternative Hypothesis for this problem.

2 points

Age 18-29 30-49 50-64 65+

Favour 57 66 77 87

Oppose 43 34 23 13

Table 3. Snap Poll Results

a) The null hypothesis is that Opinion and Age are the variables.

b) The null hypothesis is that Opinion and Age are associated vs. The alternative hypothesis is that Opinion and Age are not associated.

c) The null hypothesis is that Opinion and Age are independent vs. The alternative hypothesis is that Opinion and Age are dependent.

d) The alternative hypothesis is that Opinion and Age are independent vs. The null hypothesis is that Opinion and Age are dependent.

5.2 Does opinion depend on age? Or are opinion and age independent? Using the information in the previous question calculate the Chi-square-statistic using Chi-square-test. Tick the correct answer below.

10 points

a) Chi-squares-stat = 25.20

b) Chi-squares-stat = 14.76

c) Chi-squares-stat = 23.20

d) Chi-squares-stat = 21.19

5.3 Based on your empirical evidence in the previous question, and using a 5% level of significance, make your statistical conclusion about the association between opinion and age. Tick the correct answer below.

5 points

a) Reject the Null hypothesis and conclude that Age and Opinion about Profiling are not independent. The alternative is probably true.

b) Accept the alternative and conclude that Age and Opinion about Profiling are independent.

c) Fail to reject the Null hypothesis, the alternative is probably false.

d) None of these answers is correct.

In: Statistics and Probability

Differentiate between Quantitative vs. Qualitative research. Give examples from the articles you have referred in assignment...

Differentiate between Quantitative vs. Qualitative research. Give examples from the articles you have referred in assignment 1 (1.5 Points)

Q2.   a. From the the articles you referred in assignment 1 explain one of the quantitative analysis used by the any author.

b. Explain, what is ANOVA and Regression Analysis and its use in research. (1.5 Points)

Q3. Bring out the steps in Conducting Experiments and their concerned design (1 Mark)

Q4. Explain interview methods and the areas of concern in conducting them (1 Mark)

In: Accounting

1. IS NOW THE TIME IN OUR COUNTRY’S HISTORY FOR US TO CHANGE OUR CURRENT SYSTEM...

1. IS NOW THE TIME IN OUR COUNTRY’S HISTORY FOR US TO CHANGE OUR CURRENT SYSTEM OF INCOME DISTRIBUTION AND WEALTH DISTRIBUTION? IF SO, just in general terms, what should we do? Why?  

2. Our government is delivering an extra $600 per WEEK in extra, special unemployment benefits to SOME, but NOT ALL, of the workers who have experienced a drop in wage income owing to the pandemic and the recession. This extra payment is set to expire on July 31, 2020. Should this payment be extended past July 31? Why or why not?

In: Economics

In a company, beginning capital balances on June 1, 2020, are Coo $53,000 and Vid $65,500....

In a company, beginning capital balances on June 1, 2020, are Coo $53,000 and Vid $65,500. During the month, drawings were Coo $8,200 and Vid $6,700. Net income was $30,000, and the partners share the income based on interest allowances of 10% on beginning capital balances and share the remaining income equally. What is the division of net income for Coo?

In a company, beginning capital balances on second quarter of 2020, are Coo $72,000 and Vid $67,500. During the quarter, drawings were Coo $11,500 and Vid $9,900. Net income was $37,000, and the partners share income equally. What is the company’s total equity in its statement of financial position at June 30, 2020?

In: Accounting