Questions
Historically, your company has calculated bad debts using an aging of accounts receivable. Near the end...

Historically, your company has calculated bad debts using an aging of accounts receivable. Near the end of the fiscal year, the company is in a cash crunch and needs to borrow money from the bank, using accounts receivable as collateral. The owner of the company knows that many of the accounts receivable are more than 90 days past due, resulting in net receivables equal to only 80% of total receivables.

Respond to the following in a minimum of 175 words:

  • The owner asks you to change the method of estimating bad debts to a flat 3% of receivables. What should you do?

In: Accounting

A 58 kg skier is skiing down a 25 degree hill which offers negligible friction. Near...

A 58 kg skier is skiing down a 25 degree hill which offers negligible friction. Near the top of the hill (x =0), her speed is relatively small and equal to 3.6 m/s, but 57 m further downhill (x>0), her speed has grown to 18.59 m/s. Draw a Free body diagram. (thank you)

a) Argue, based on some energy calculations of course, that there must be significant air resistance.

b) The air resistance is a variable force and changes quadratically with the distance according to fair(x) = Bx2 (the x-axis points downward along the incline). From this information and the knowledge of initial and final speeds, calculate the value of B.

In: Physics

PLEASE ANSWER THE QUESTIONS WITH EXPLANATION. 1 mm bug located at the near-point, 25 cm away...

PLEASE ANSWER THE QUESTIONS WITH EXPLANATION.

1 mm bug located at the near-point, 25 cm away from the left eye. Includes the distance between the retina and lens in your eye is 1 cm.

What focal length for your eye lens is needed to focus the bugs' image onto your retina?

If you insert a convex magnifying glass of 6 cm away from the bug, between the bug and your eye, How far away from the glass lens will the virtual image of the bug be located if the focal length of that glass lens is 7 cm?

In: Physics

"Low concentrations of dioxin near the detection limit gave the following dimensionless instrument readings: 193.3, 156.5,...

"Low concentrations of dioxin near the detection limit gave the following dimensionless instrument readings: 193.3, 156.5, 150.3, 162.3, 207.3, 148.1, 211.1, 189.7, 122.7, and 193.5. Ten blanks had a mean reading of 47.3. The slope of the calibration curve is 2.55 × 10x9 M–1. Estimate the signal and concentration detection limits and the lower limit of quantitation for dioxin."

I know the signal detection limit is yblank + 3s and the concentration limit is 3s/m, but what is ysample to calculate m?

In: Chemistry

Thirty-two small communities in Connecticut (population near 10,000 each) gave an average of x = 138.5...

Thirty-two small communities in Connecticut (population near 10,000 each) gave an average of x = 138.5 reported cases of larceny per year. Assume that σ is known to be 42.3 cases per year. (a) Find a 90% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.) lower limit upper limit margin of error (b) Find a 95% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.) lower limit upper limit margin of error (c) Find a 99% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.) lower limit upper limit margin of error

In: Statistics and Probability

Phoenix industries has pulled off a miraculous recovery. Four years ago it was near bankruptcy. Today,...

Phoenix industries has pulled off a miraculous recovery. Four years ago it was near bankruptcy. Today, it announced a $1 per share dividend to be paid a year from now, the first dividend since the crisis. Analysts expect dividend to increase by 50 percent a year for another 2 years. Then they expect dividends to increase by 20 percent a year for another 2 years. After the fifth year dividend growth is expected to settle down to a more moderate long-term growth rate of 6%. If the firm’s investors expect to earn a return of 14% of his stock, what must be its price?

In: Accounting

Phoenix Industries has pulled off a miraculous recovery. Four years ago it was near bankruptcy. Today,...

Phoenix Industries has pulled off a miraculous recovery. Four years ago it was near bankruptcy. Today, it announced a $3 per share dividend to be paid a year from now, the first dividend since the crisis. Analysts expect dividends to increase by $1 a year for another 2 years. After the third year (in which dividends are $5 per share) dividend growth is expected to settle down to a more moderate long-term growth rate of 6%. If the firm’s investors expect to earn a return of 14% on this stock, what must be its price?

In: Finance

Eastern Aviation operated both an airline and several restaurants located near airports. During the year just...

Eastern Aviation operated both an airline and several restaurants located near airports. During the year just ended, all restaurant operations were discontinued and the following operating results were reported.

Continuing operations (airline):
Net sales $ 27,560,000
Costs and expenses 21,660,000
Other data:
Operating income from restaurants (net of income tax) 432,000
Gain on sale of restaurants (net of income tax) 2,478,000
Nonrecurring loss 1,200,000

All of these amounts are before income taxes unless indicated otherwise. The company's income tax rate is 40 percent. The nonrecurring loss resulted from damage to a warehouse that is not related to the discontinued restaurant operations. Eastern Aviation had 1,000,000 shares of capital stock outstanding throughout the year.

Required:

a. Prepare a condensed income statement, including proper presentation of the discontinued restaurant operations and the nonrecurring loss. Include all appropriate earnings per share figures.

b. Assume that you expect the profitability of Eastern Aviation operations to decline by 5 percent next year, and the profitability of the restaurants to decline by 10 percent. What is your estimate of the company’s net earnings per share next year?

In: Accounting

Historically, your company has calculated bad debts using an aging of accounts receivable. Near the end...

Historically, your company has calculated bad debts using an aging of accounts receivable. Near the end of the fiscal year, the company is in a cash crunch and needs to borrow money from the bank, using accounts receivable as collateral. The owner of the company knows that many of the accounts receivable are more than 90 days past due, resulting in net receivables equal to only 80% of total receivables.

Respond to the following in a minimum of 175 words:

  • The owner asks you to change the method of estimating bad debts to a flat 3% of receivables. What should you do?

In: Accounting

Thirty-five small communities in Connecticut (population near 10,000 each) gave an average of x = 138.5...

Thirty-five small communities in Connecticut (population near 10,000 each) gave an average of x = 138.5 reported cases of larceny per year. Assume that σ is known to be 40.7 cases per year.

(a) Find a 90% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.)

lower limit    
upper limit    
margin of error    


(b) Find a 95% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.)

lower limit    
upper limit    
margin of error    


(c) Find a 99% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.)

lower limit    
upper limit    
margin of error    

In: Statistics and Probability