Questions
1. On February 1, 2016, Ellison Co. issued eight-year bonds with a face value of $10,000,000...

1. On February 1, 2016, Ellison Co. issued eight-year bonds with a face value of $10,000,000 and a stated interest rate of 4%, payable semiannually on July 1 and January The bonds were sold to yield is 6%. What is the issuance price of the bond? Record the journal entries for February 2016 and issuance at July 1, 2016.

2. Using the information above, assume that the bonds issued by Ellison Co. are convertible with each $1,000 convertible into 25 shares of common stock. Assume that Ellison converts $4,000,000 of bonds on July 1, 2018 into common stock. Prepare the following entries:

a. Entry at February 1, 2016 for issuance of the convertible bonds

b. Entry at July 1, 2018 for the conversion of $4,000,000 of bonds.

In: Accounting

The following information is available from the accounting records of Manahan Co. for the year ended...

The following information is available from the accounting records of Manahan Co. for the year ended December 31, 2016:

Net cash provided by financing activities $ 118,000
Dividends paid 18,400
Loss from discontinued operations, net of tax savings of $41,367 124,100
Income tax expense 27,355
Other selling expenses 12,000
Net sales 649,200
Advertising expense 46,500
Accounts receivable 57,000
Cost of goods sold 370,044

General and administrative expenses

142,500

a. Calculate the operating income for Manahan Co. for the year ended December 31, 2016

MANAHAN CO.
Operating Income Statement
For the year ended December 31, 2016
$0
Expenses:
0
$0

B)

Calculate the company's net income for 2016.

In: Accounting

1. Quick Ratio= current assets-inventories/ current liabilities 2. Debt to Assets ratio= total debt/total assets 3....

1. Quick Ratio= current assets-inventories/ current liabilities

2. Debt to Assets ratio= total debt/total assets

3. Earnings Per Share (EPS)=total earnings/outstanding shares

(must first solve net income-preferred divideneds= total earnings)

4. Net Income (Net profit)=total revenues-total expenses

I need help finding the answer to these equations for Target Corporation for 2015 and 2016.

please refer to the links for the 10k reports for the company.

2015- https://corporate.target.com/_media/TargetCorp/annualreports/2015/pdfs/Target-2015-Annual-Report.pdf

2016- https://corporate.target.com/_media/TargetCorp/annualreports/2016/pdfs/Target-2016-Annual-Report.pdf?ext=.pdf

In: Accounting

Man's Clothing is a manufacturer of designer suits. For June 2016, each suit is budgeted to...

Man's Clothing is a manufacturer of designer suits. For June 2016, each suit is budgeted to take 3 ​labor-hours. The budgeted number of suits to be manufactured in June 2016 is 1,160. Man's Clothing allocates fixed manufacturing overhead to each suit using budgeted direct manufacturing​ labor-hours per suit. Data pertaining to fixed manufacturing overhead costs for June 2016 are​ budgeted, $52,200​, and​ actual, $63,870. In June 2016 there were 1,200 suits started and completed. There were no beginning or ending inventories of suits.

Requirements

1. Compute the spending variance for fixed manufacturing overhead. Comment on the results.

2. Compute the​ production-volume variance for June 201. What inferences can the clothing company draw from this​ variance?

In: Accounting

The Banana Republic’s stock of capital at the end of 2015 was $200 billions. The Republic’s...

The Banana Republic’s stock of capital at the end of 2015 was $200 billions. The Republic’s investment during the year 2016 was $ 40 billions. The depreciation rate in the Republic was 10%.

23- Depreciation of the capital during the year 2016 was _______

a. $20.0 billions              c. $13.0 billions

b. $24.0 billions             d. $180.0 billions            e. $10.0 billions

24- The net investment during the 2016 in the Republic was _______

a. $20.0 billions              c. $13.0 billions

b. $8.0 billions               d. $10.9 billionse. $16.0 billions

25. The stock of capital at the end of 2016 was _________

a. $100.0 billions                        c. $13.0 billions

b. $220.0 billions                        d. $93.0 billions

e.  can’t be determined

I know the answers I need to know formulas/ how to get the answers

In: Economics

The unadjusted trial balance of the Manufacturing Equitable at December 31, 2016, the end of its...

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. Accounts receivable $ 102,500 Accounts payable 39,400 Bank notes payable 614,000 Mortgage note payable 1,294,000 Other information: a. The bank notes, issued August 1, 2016, are due on July 31, 2017, and pay interest at a rate of 12%, payable at maturity. b. The mortgage note is due on March 1, 2017. Interest at 11% has been paid up to December 31 (assume 11% 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 $272,000 in cash on the principal balance and refinanced the remaining $1,022,000. c. Included in the accounts receivable balance at December 31, 2016, were two subsidiary accounts that had been overpaid and had credit balances totaling $19,750. 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 $33,600 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). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2. Prepare the current and long-term liability sections of the December 31, 2016, balance sheet.

In: Accounting

Except for the earnings per share statistics, the 2016, 2017, and 2018 income statements for Ace...

Except for the earnings per share statistics, the 2016, 2017, and 2018 income statements for Ace Group Inc. were originally presented as follows:Required:

1. Calculate the 11 missing amounts. (Loss should be indicated by a minus sign.)

2016 2017 2018
Sales $483,855 $704,040 $1,015,900
Costs and expenses 332,070
Profit from continuing operations $317,935
Gain (loss) on discontinued operations 84,660 (111,575)
Profit (loss) $157,494 $537,200
Information on Common Shares for Ace Group Inc. *
Shares outstanding on December 31, 2015 37,300
Purchase and retirement of shares on March 1, 2016 ? 4,580
Sale of shares on June 1, 2016 + 15,880
Share dividend of 5% on August 1, 2016 +
Shares outstanding on December 31, 2016
Sale of shares on February 1, 2017 + 7,460
Purchase and retirement of shares on July 1, 2017 ? 2,290
Shares outstanding on December 31, 2017
Sale of shares on March 1, 2018 + 19,960
Purchase and retirement of shares on September 1, 2018 ? 6,150
Share split of 3:1 on October 1, 2018 +
Shares outstanding on December 31, 2018

*No preferred shares have been issued.

2. Calculate the weighted-average number of common shares outstanding during the following years: (Do not round intermediate calculations. Round your answers to nearest whole number.)

2016 2017 2018
Weighted-average outstanding shares

3. Prepare the earnings per share income statement presentation during the following years: (Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign.)

2016 2017 2018
Income from continuing operations
Gain (Loss) from discontinued operations
$0.00 $0.00 $0.00

In: Accounting

Absorption and Variable Costing Comparisons: Sales Exceed Production Wright Development purchases, develops, and sells commercial building...

Absorption and Variable Costing Comparisons: Sales Exceed Production
Wright Development purchases, develops, and sells commercial building sites. As the sites are sold, they are cleared at an average cost of $2,500 per site. Storm drains and driveways are also installed at an average cost of $5,500 per site. Selling costs are 10 percent of sales price. Administrative costs are $420,000 per year. During 2016, the company bought 1,000 acres of land for $5,000,000 and divided it into 200 sites of equal size. The average selling price per site was $85,000 during 2016 when 50 sites were sold. During 2017, the company purchased and developed another 1,000 acres, divided into 200 sites. The purchase price was again $5,000,000. Sales totaled 300 sites in 2017 at an average price of $85,000.

Required a. Prepare 2016 and 2017 functional income statements using absorption costing.

Use a negative sign only to indicate a net loss for income. Otherwise, do not use negative signs with your answers.

Wright Development
Functional Income Statements
For the Years 2016 and 2017
2016 2017
Sales $Answer $Answer
Cost of sales Answer Answer
Gross profit Answer Answer
Selling and administrative expenses: Answer Answer
Net income (loss) $Answer $Answer


b. Prepare 2016 and 2017 contribution income statements using variable costing.

Use a negative sign only to indicate a net loss for income. Otherwise, do not use negative signs with your answers.

Wright Development
Contribution Income Statements
For the Years 2016 and 2017
2016 2017
Sales $Answer $Answer
Variable costs Answer Answer
Contribution margin Answer

Incorrect
Mark 0.00 out of 1.00

Answer
Fixed expenses Answer Answer
Net income (loss) $Answer $Answer

In: Accounting

Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.: WIPER,...

Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.:

WIPER, INC.
Condensed Balance Sheets
December 31, 2017, 2016, 2015
(in millions)
2017 2016 2015
Current assets $ 707 $ 939 $ 793
Other assets 2,419 1,926 1,725
Total assets $ 3,126 $ 2,865 $ 2,518
Current liabilities $ 583 $ 836 $ 724
Long-term liabilities 1,530 997 870
Stockholders’ equity 1,013 1,032 924
Total liabilities and stockholders' equity $ 3,126 $ 2,865 $ 2,518
WIPER, INC
Selected Income Statement and Other Data
For the year Ended December 31, 2017 and 2016
(in millions)
2017 2016
Income statement data:
Sales $ 3,056 $ 2,919
Operating income 302 316
Interest expense 90 71
Net income 209 204
Other data:
Average number of common shares outstanding 41.9 47.3
Total dividends paid $ 56.0 $ 52.9

Required:

a. Calculate return on investment, based on net income and average total assets, for 2017 and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.)

b. Calculate return on equity for 2017 and 2016. (Round your answers to 1 decimal place.)

c. Calculate working capital and the current ratio for each of the past three years. (Enter your answers in millions (i.e., 5,000,000 should be entered as 5). Round "Current ratio" to 1 decimal place.)

d. Calculate earnings per share for 2017 and 2016. (Round your answers to 2 decimal places.)

i. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2017 and 2016. (Round "Debt ratio" to 1 decimal place and "Debt/equity ratio" to the nearest whole percent.)

In: Accounting

Must be in C++ and we can not use STR[] we must use STR.at() Write a...

Must be in C++ and we can not use STR[] we must use STR.at()

Write a program that:

  1. Declares a variable suitable for holding a person’s name
  2. Prompts the user to enter a person’s name with the text Enter name:
  3. Reads the user's input and stores it in the variable created in step 1
  4. Outputs the following information about the name they entered
    a. The index of the last character in the name
    b. The last 3 characters of the first name
    c. The first 3 characters of the last name
    Your output should look like the examples below. **Note: Your code should account for the fact that the user might enter a middle name or initial.

Example 1:

Enter name: Grace Hopper
Index of last character: 11
Last 3 characters of first name: ace
First 3 characters of last name: Hop

Example 2:

Enter name: Dorothy J. Vaughan
Index of last character: 17
Last 3 characters of first name: thy
First 3 characters of last name: Vau

This is my code:

#include <iostream>
#include <string>
using namespace std;

int main()
{
   string userFirstname;
   string userLastname;
   string userMiddlename;

   cout << "Enter Name: ";
   cin >> userFirstname;
   cin >> userMiddlename;
   cin >> userLastname;
   cout << userFirstname << userMiddlename << userLastname << endl;

   cout << "Index of last character: ";
   cout << ((userFirstname.size() + userLastname.size()) - 1);
   cout << endl;

   cout << "Last 3 characters of first name: ";
   cout << (userFirstname.at(userFirstname.size() - 3)) << (userFirstname.at(userFirstname.size() - 2)) << (userFirstname.at(userFirstname.size() - 1)) << endl;

   cout << "First 3 characters of last name: ";
   cout << userLastname.at(1) << userLastname.at(2) << userLastname.at(3) << endl;

   return 0;
}

In: Computer Science