a)
AFN equation Broussard Skateboard's sales are expected to increase by 25% from $7.2 million in 2016 to $9.00 million in 2017. Its assets totaled $3 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 7%, and the forecasted payout ratio is 70%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Round your answer to the nearest dollar. Do not round intermediate calculations
b)
Broussard Skateboard's sales are expected to increase by 20% from $8.2 million in 2016 to $9.84 million in 2017. Its assets totaled $5 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 3%, and the forecasted payout ratio is 75%. What would be the additional funds needed? Do not round intermediate calculations. Round your answer to the nearest dollar.
In: Finance
The acceleration at which the block falls is uniform .
That allows us to use kinematic equations along the
y-direction to determine an equation for time.
Then, solving for time in terms of h and v f,
we get that
also .This problem also allows us to investigate the
angular portion of the spool, which is spinning without slipping as
the block is accelerating downwards.
What is an expression for the angular displacement the
spool goes through while the block is in motion?
(F1) θ = 2 g h 2 R v f 2
(F2) θ = h R
(F3) θ = 1 4
(F4)
INSTRUCTIONS: Answer the subsequent set of questions to
solve the "Goal" of this problem. We recommend you write out your
answer to compare to the particular questions as you go along.
SETUP: As shown in the figure, a box of mass m is attached to a light string that is wrapped around a cylindrical spool of radius R and mass M. The spool is suspended from the ceiling. Then, the box is released from rest a distance h above the floor.
FIGURE:
GOAL: Determine an expression for the amount of
time it takes for the box to reach the floor
PART A - Totalinitial energy
We will start with energy conservation to solve this problem. Take the floor as our vertical "zero".
After removing all components that either cancel or equal "0", what does the total INITIAL energy look like?
(A1) K i only
(A2) K r o t i only
(A3) U g r a v i only
(A4) W o t h e ronly
(A5) K i + K r o t i
(A6) K i + K r o t i + U g r a v i
(A7) K i + K r o t i + U g r a v i + W o t h e r
(A8) K i + U g r a v i
Group of answer choices
A1
A2
A3
A4
A5
A6
A7
A8
PART B - Total final energy
Following the same outline as previous, after removing all components that do not change or that equal "0", what does the total FINAL energy look like?
(B1) K f only
(B2) K r o t f only
(B3) U g r a v f only
(B4) W o t h e r only
(B5) K f + K r o t f
(B6) K f + K r o t f + U g r a v f
(B7) K f + K r o t f + U g r a v f + W o t h e r
The acceleration at which the block falls is uniform
(can you think of why?). That allows us to use kinematic
equations along the y-direction to determine an equation for
time.
Then, solving for time in terms of h and v f,
we get that
In: Physics
In: Anatomy and Physiology
In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows:
| 2021 | 2022 | 2023 | |||||||
| Cost incurred during the year | $ | 2,610,000 | $ | 3,162,000 | $ | 2,230,800 | |||
| Estimated costs to complete as of year-end | 6,390,000 | 2,028,000 | 0 | ||||||
| Billings during the year | 2,100,000 | 3,672,000 | 4,228,000 | ||||||
| Cash collections during the year | 1,850,000 | 3,000,000 | 5,150,000 | ||||||
Westgate recognizes revenue over time according to percentage of completion.
5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.)
| 2021 | 2022 | 2023 | |||||||
| Costs incurred during the year | $ | 2,610,000 | $ | 3,850,000 | $ | 4,050,000 | |||
| Estimated costs to complete as of year-end | 6,390,000 | 4,200,000 | 0 | ||||||
In: Accounting
Required information
In 2018, the Westgate Construction Company entered into a contract
to construct a road for Santa Clara County for $10,000,000. The
road was completed in 2020. Information related to the contract is
as follows:
| 2018 | 2019 | 2020 | |||||||
| Cost incurred during the year | $ | 2,156,000 | $ | 3,388,000 | $ | 2,371,600 | |||
| Estimated costs to complete as of year-end | 5,544,000 | 2,156,000 | 0 | ||||||
| Billings during the year | 2,130,000 | 3,414,000 | 4,456,000 | ||||||
| Cash collections during the year | 1,865,000 | 3,300,000 | 4,835,000 | ||||||
Westgate recognizes revenue over time according to percentage of
completion.
5. Calculate the amount of revenue and gross
profit (loss) to be recognized in each of the three years assuming
the following costs incurred and costs to complete information.
(Do not round intermediate calculations and round your
final answers to the nearest whole dollar amount. Loss amounts
should be indicated with a minus sign.)
| 2018 | 2019 | 2020 | |||||||
| Cost incurred during the year | $ | 2,156,000 | $ | 3,865,000 | $ | 4,095,000 | |||
| Estimated costs to complete as of year-end | 5,544,000 | 4,230,000 | 0 | ||||||
In: Accounting
Required information
In 2018, the Westgate Construction Company entered into a contract
to construct a road for Santa Clara County for $10,000,000. The
road was completed in 2020. Information related to the contract is
as follows:
| 2018 | 2019 | 2020 | |||||||
| Cost incurred during the year | $ | 2,156,000 | $ | 3,388,000 | $ | 2,371,600 | |||
| Estimated costs to complete as of year-end | 5,544,000 | 2,156,000 | 0 | ||||||
| Billings during the year | 2,130,000 | 3,414,000 | 4,456,000 | ||||||
| Cash collections during the year | 1,865,000 | 3,300,000 | 4,835,000 | ||||||
Westgate recognizes revenue over time according to percentage of
completion.
4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.)
| 2018 | 2019 | 2020 | |||||||
| Cost incurred during the year | $ | 2,156,000 | $ | 3,865,000 | $ | 3,265,000 | |||
| Estimated costs to complete as of year-end | 5,544,000 | 3,165,000 | 0 | ||||||
In: Accounting
The following information applies to the questions displayed
below.]
In 2018, the Westgate Construction Company entered into a contract
to construct a road for Santa Clara County for $10,000,000. The
road was completed in 2020. Information related to the contract is
as follows:
| 2018 | 2019 | 2020 | |||||||
| Cost incurred during the year | $ | 2,184,000 | $ | 3,510,000 | $ | 2,316,600 | |||
| Estimated costs to complete as of year-end | 5,616,000 | 2,106,000 | 0 | ||||||
| Billings during the year | 2,120,000 | 3,574,000 | 4,306,000 | ||||||
| Cash collections during the year | 1,860,000 | 3,400,000 | 4,740,000 | ||||||
Westgate recognizes revenue over time according to percentage of
completion.
rev: 09_15_2017_QC_CS-99734
2-a. In the journal below, complete the
necessary journal entries for the year 2018 (credit "Various
accounts" for construction costs incurred).
2-b. In the journal below, complete the necessary
journal entries for the year 2019 (credit "Various accounts" for
construction costs incurred).
2-c. In the journal below, complete the necessary
journal entries for the year 2020 (credit "Various accounts" for
construction costs incurred).
In: Accounting
Required information
[The following
information applies to the questions displayed
below.]
In 2018, the Westgate Construction Company entered into a contract
to construct a road for Santa Clara County for $10,000,000. The
road was completed in 2020. Information related to the contract is
as follows:
| 2018 | 2019 | 2020 | |||||||
| Cost incurred during the year | $ | 2,204,000 | $ | 3,192,000 | $ | 2,424,400 | |||
| Estimated costs to complete as of year-end | 5,396,000 | 2,204,000 | 0 | ||||||
| Billings during the year | 2,140,000 | 3,256,000 | 4,604,000 | ||||||
| Cash collections during the year | 1,870,000 | 3,200,000 | 4,930,000 | ||||||
Westgate recognizes revenue over time according to percentage of
completion.
rev: 09_15_2017_QC_CS-99734
2-a.
In the journal below, complete the necessary journal entries for
the year 2018 (credit "Various accounts" for construction costs
incurred).
2-b. In the journal below, complete the necessary
journal entries for the year 2019 (credit "Various accounts" for
construction costs incurred).
2-c. In the journal below, complete the necessary
journal entries for the year 2020 (credit "Various accounts" for
construction costs incurred).
In: Accounting
Start with the partial model in the file Ch15 P13 Build a Model.xls on the textbook's Web site. J. Clark Inc. (JCI), a manufacturer and distributor of sports equipment, has grown until it has become a stable, mature company. Now JCI is planning its first distribution to shareholders. (See the file for the most recent year's financial statements and projections for the next year, 2016; JCI's fiscal year ends on June 30.) JCI plans to liquidate and distribute $500 million of its short-term securities on July 1, 2016, the first day of the next fiscal year, but it has not yet decided whether to distribute with dividends or with stock repurchases.
a. Assume first that JCI distributes the $500 million as dividends. Fill in the missing values in the file's balance sheet column for July 1, 2016, which is labeled "Distribute as Dividends." Assume that JCI did not have to establish an account for dividends payable prior to the distribution.
b. Now assume that JCI distributes the $500 million through stock repurchases. Fill in the missing values in the file's balance sheet column for July 1, 2016, which is labeled "Distribute as Repurchase."
c. Calculate JCI's projected free cash flow; the tax rate is 40%.
d. What is JCI's current intrinsic stock price (the price on 6/30/2015)? What is the projected intrinsic stock price for 6/30/2016?
e. What is the projected intrinsic stock price on 7/1/2016 if JCI distributes the cash as dividends?
f. What is the projected intrinsic stock price on 7/1/2016 if JCI distributes the cash through stock repurchases? How many shares will remain outstanding after the repurchase?
In: Accounting
As a direct result of your committee's work, quality significantly improved during the latest year while costs and rework decreased. Titan Computer Company also reduced manufacturing capacity because of lowered rework support needs. Sales of AllPad have increased in tandem with a decrease in unit price (following the intent to increase market share). Information about the current period (2016) and prior period (2015) follows. Type of Data 2015 2016 Units of AIIPad produced and sold 800 900 Selling price $450 $430 Pounds of direct material used 3,200 3,300 Direct material cost per pound $35 $35 Manufacturing capacity in units 12,000 11,000 Total conversion costs $1,800,000 $1,650,000 Conversion cost per unit of capacity $150 $150 Selling and customer service capacity customers 90 customers Total selling and customer service costs $495,000 $495,000 Selling and customer service capacity cost and customer $500 $550 Assuming Titan had 70 customers in 2015 and 80 customers in 2016, 1. calculate the operating income of Titan for 2015 and 2016; Particulars 2015 2016 Revenue; 800*450;900*430 360,000 387,000 Direct Material Cost 3200*35;3300*35 112,000 115,500 Conversion Cost 1,800,000 1,650,000 Selling and Customer Service cost 495,000 495,000 Total Cost 2,407,000 2,260,500 Profit/Loss (2,047,000) (1,873,500) Hence, the operating loss for 2015 is $2,047,000 and 2016 is 1,873,500 2) calculate the growth, price recovery, and productivity components that explain the change in operating income from 2015 and 2016; and comment on your answer. What do these components indicate?
I need help with #2
In: Accounting