You recently joined the internal auditing department of Kaitlyn Sportswear Corporation. As one of your first assignments, you are examining a balance sheet prepared by a staff accountant. Prepare a classified balance sheet in good form to better represent Kaitlyn Sportswear Corporation.​

Kaitlyn Sportswear Corporation

At December 31, 2018

                                                              Assets

      Cash                                                                                                              $ 220

      Accounts receivable, net                                                                                    340

      Note receivable                                                                                                   80

      Inventories                                                                                                        600

      Prepaid expenses                                                                                                40

      Land                                                                                                                 500           

      Buildings, net                                                                                                 2,200           

      Equipment, net                                                                                                  400           

      Investments                                                                                                         50           

      Patent                                                                                                                60           

      Total assets                                                                                                  $4,490

Liabilities and Shareholders' Equity

      Accounts payable                                                                                            $ 165

      Salaries payable                                                                                                  75

      Interest payable                                                                                                  45

      Note payable                                                                                                     300           

      Bonds payable                                                                                                  500           

      Deferred revenue                                                                                               80           

      Total liabilities                                                                                               1,165

      Common stock                                                                                               2,000           

      Retained earnings                                                                                           1,325           

      Total shareholders' equity                                                                              3,181

      Total liabilities and shareholders' equity                                                         $4,490

In the course of your examination of the company files, you uncover the following information pertaining to the balance sheet:

1. The land and buildings represent the corporate headquarters and manufacturing facilities.

2. The note receivable is due in 2020. The balance of $80 includes $5 of accrued interest. The next interest payment is due in July 2019.

3. The note payable is due in installments of $50 per year. Interest on both the notes and bonds is payable annually.

4. The company's investments consist of marketable equity securities of other corporations. Management does not intend to liquidate any investments in the coming year.

5. Deferred revenue will be recognized ratably (equally) over the next two years.

6. Accumulated Depreciation for the building is $1,200.

7. Accumulated Depreciation for equipment is $170.

8. Allowance for Bad Debt is $65.

All​ techniques, conflicting rankings   Nicholson Roofing​ Materials, Inc., is considering two mutually exclusive​ projects, each with an initial investment of ​$130 comma 000. The​ company's board of directors has set a​ 4-year payback requirement and has set its cost of capital at 8​%. The cash inflows associated with the two projects are shown in the following​ table: LOADING.... a. Calculate the payback period for each project. Rank the projects by payback period. b.  Calculate the NPV of each project. Rank the project by NPV. c.  Calculate the IRR of each project. Rank the project by IRR. d.  Make a recommendation.

To relate the stopping distance of a car to its speed, ten cars were tested at five different speeds, two cars at each speed. The following data were obtained.

Speed x (mph) 20 20 30 30 40 40 50 50 60 60

Stop. Dist. y (ft) 16.3 26.739.2 63.5 65.7 98.4 104.1 155.6 217.2 160.8

a) Fit a least-squares linear equation to these data. Plot the residuals against the speed.

b) Comment on the goodness of the fit based on the overall F-statistic and the residual plot. Which two assumptions of the linear regression model seem to be violated?

c) Based on the residual plot, what transformation of stopping distance should be used to lin- earize the relationship with respect to speed? A clue to find this transformation is provided by the following engineering argument: In bringing a car to a stop, its kinetic energy is dissipated as its braking energy, and the two are roughly equal. The kinetic energy is pro- portional to the square of the car's speed, while the breaking energy is proportional to the stopping distance, assuming a constant braking force.

d) Make this linearizing transformation and check the goodness of fit. What is the predicted stopping distance according to this model if the car is traveling at 40 mph?

The face value of a Tata Steel Bond is $50,000 and pays a coupon of 8%. Coupons are paid every 270 days and 90 days have passed since the last coupon payment. The accrued interest is $__________? (Round to two decimal places)

Match up the payback period with the cash flows.

The following information is given about your company. The company needs raise new capital to expand its facilities. The company’s optimum capital structure has been 40% debt, 10% preferred stock and 50% equity. The company will maintain this capital structure in financing this expansion plan. Currently the company's common stock is traded at a price of $15.65 per share. The last dividend paid on the common stock was $1.25 per share. The company will grow at 6% constant rate for long time in the future. The company's preferred stock is selling at $85 and has a quarterly preferred dividend of $1.35. Flotation costs have been estimated at 8% on the common stocks and 5% on the preferred stocks. The company has some bonds with $1000 par value outstanding, the market price of the bonds is $1025, and the bonds have 14 years to maturity. The coupon rate on those bonds is 8% with semi-annual payments. The tax rate is 40%.

What is the WACC for this company if they will issue new common stocks and new preferred stocks?

The City of San Francisco has two bridges, Golden Gate Bridge and Bay Bridge. Assume these two bridges are designed to survive during earthquakes with magnitude of less than 7 Richter with the probabilities of 0.95 and 0.98. What is the probability that at least one of these two bridges collapse facing an earthquake with magnitude of over 7 Richter?

Java:

Using ArrayLists to Simulate a Lottery Program

Simulate a Lottery Drawing by choosing 7 numbers at random from a pool containing 30 numbers

Each time a number is selected, it is recorded and removed from the pool

The pool values are 00 to 29 inclusive

1. Your program must output each selected number from the drawing using a two-digit format. For Example, the number 2 would be represented by 02 on the “Picked” line.   
2. The numbers drawn cannot repeat
3. Sort the picked numbers before printing them to the console
4. Show the initial and remaining pool
5. Your output must match as closely as possible to what is shown below

Example Output:

Initial Pool: [0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29]

Picked: {01,06,09,19,25,26,27}

Remaining:[0,2,3,4,5,7,9,10,11,12,13,14,15,16,17,18,20,21,22,23,24,28,29]

Algorithm

1. Create two ArrayLists of type Integer called pool and pick
2. Create a Random Number to represent the number chosen, it will represent the index of the number chosen
3. Create the pool ArrayList by using a loop going from 0 to <30. Print the pool ArrayList Out
4. Choose 7 numbers at random, remove them from the pool ArrayList and place them in the picked ArrayList.
5. Use Collections.sort(pick) to sort the pick ArrayList<Integer>
6. Print the pick ArrayList out but add an additional 0 in the front if it is one digit. Example, change 2 to 02.
7. Print out the remaining pool after the numbers are picked.

Java 176

Lottery Program in Word.

Using ArrayLists to Simulate a Lottery Program

Simulate a Lottery Drawing by choosing 7 numbers at random from a pool containing 30 numbers

Each time a number is selected, it is recorded and removed from the pool

The pool values are 00 to 29 inclusive

1. Your program must output each selected number from the drawing using a two-digit format. For Example, the number 2 would be represented by 02 on the “Picked” line.
2. The numbers drawn cannot repeat
3. Sort the picked numbers before printing them to the console
4. Show the initial and remaining pool
5. Your output must match as closely as possible to what is shown below

Example Output:

Initial Pool: [0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29]

Picked: {01,06,09,19,25,26,27}

Remaining:[0,2,3,4,5,7,9,10,11,12,13,14,15,16,17,18,20,21,22,23,24,28,29]

Algorithm

1. Create two ArrayLists of type Integer called pool and pick
2. Create a Random Number to represent the number chosen, it will represent the index of the number chosen
3. Create the pool ArrayList by using a loop going from 0 to <30. Print the pool ArrayList Out
4. Choose 7 numbers at random, remove them from the pool ArrayList and place them in the picked ArrayList.
5. Use Collections.sort(pick) to sort the pick ArrayList<Integer>
6. Print the pick ArrayList out but add an additional 0 in the front if it is one digit. Example, change 2 to 02.

Print out the remaining pool after the numbers are picked

: Recall the airplane cargo problem we have discussed in our first lecture. An air-freight company has 8 adjacent positions on its Boeing-727 aircraft for freight containers. The weights of this containers depend on what they are carrying. and company statistics indicate that %7 of the containers are classified as ”heavy”. While heavy containers are not inherently dangerous, having two such containers next to each other is considered dangerous should the plane encounter a wind gust.

Understandably, company wants to know how often will it be in a situation where two heavy cargo are next to each other, given that it loads the cargo in a random fashion. One of the engineers claim that this scenario is very unlikely, since chances of loading a single heavy crate is low (%7) and hence having two such containers next to each other is a very low chance event. Is the engineer right? Discuss using random variables and probabilities.