Selected accounts of the Zena Company are listed below. On January 1, 2016, the only intangible asset in the company’s account was Goodwill. This was recorded in 2009 when the company acquired another company and paid $350,000 more than the fair market value of the net identifiable tangible assets acquired. For two years, the company amortized the costs on the basis of a 40-year life, charging a total of $16,800 ($8,400 each year) to an account called Amortization Expense—Goodwill. However, no amortization of goodwill has been recorded since 2010. Transactions and events that took place at the company during 2016 are given below. TRANSACTIONS AND OTHER INFORMATION 1. On May 10, 2016, the company paid $180,000 to purchase a product formula. The formula is expected to have a useful life of eight years. 2. On July 5, the company paid $590,000 for a patent having a useful life of 10 years. 3. On September 22, the company purchased a unique computer program for $230,000. This program has an estimated useful life of five years. 4. During the year, the company recorded various cash expenditures of $205,000 for labor and supplies used in its research department. 5. At the end of 2016, the company reviewed the goodwill shown in the accounts. Based on the profitability of activities acquired in purchasing the other business, the owners of the business think the goodwill has a value of $270,000 and should be of benefit for many more years. 1. Record the transactions for 2016. 2.Record amortization of the intangible assets, where appropriate, for the year ended December 31, 2016. 3. Record impairment of assets, where appropriate, on December 31, 2016.

Question 1:

Broussard Skateboard's sales are expected to increase by 15% from $8.8 million in 2016 to $10.12 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 6%, and the forecasted payout ratio is 70%. What would be the additional funds needed? Do not round intermediate calculations. Round your answer to the nearest dollar.
$

Assume that an otherwise identical firm had $6 million in total assets at the end of 2016. Broussard's capital intensity ratio (A₀*/S₀) is higher than / lower than / equal to than the otherwise identical firm; therefore, Broussard is less / more / the same capital intensive - it would require smaller /  larger / the same increase in total assets to support the increase in sales.

Question 2:

Broussard Skateboard's sales are expected to increase by 25% from $7.8 million in 2016 to $9.75 million in 2017. Its assets totaled $2 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 6%, and the forecasted payout ratio is 55%. 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.

Required information

[The following information applies to the questions displayed below.]

On October 29, 2016, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The razors have a 90-day warranty that requires the company to replace any nonworking razor. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company’s cost per new razor is $20 and its retail selling price is $75 in both 2016 and 2017. The manufacturer has advised the company to expect warranty costs to equal 8% of dollar sales. The following transactions and events occurred.

2016

2017

1.1 Prepare journal entries to record above transactions and adjustments for 2016.

1.2 How much warranty expense is reported for November 2016 and for December 2016?

  1.3 How much warranty expense is reported for January 2017?

1.4 What is the balance of the Estimated Warranty Liability account as of December 31, 2016?

1.5  What is the balance of the Estimated Warranty Liability account as of January 31, 2017?

Navajo Company’s financial statements show the following. The company recently discovered that in making physical counts of inventory, it had made the following errors: Inventory on December 31, 2016, is understated by $56,000, and inventory on December 31, 2017, is overstated by $26,000.

1. For each key financial statement figure—(a), (b), (c), and (d) below—prepare a table to show the adjustments necessary to correct the reported amounts. (Amounts to be deducted must be entered with a minus sign.)

2. What is the error in total net income for the combined three-year period resulting from the inventory errors?

Suncor Energy Inc. (SU) shares are listed on the New York Stock Exchange. At 9:30 a.m. on January 14, 2016, these shares sold for $21.85 per share. The volatility on the returns of Suncor shares is approximately 24%. The following call and put option contracts were available for the months of January, February, and March:

Each option contract involves 100 shares. The risk-free rates for these three expiration dates are 0.6%, 1%, and 1.2%. All three rates are continuously compounded.  

Given the information on Suncor shares and options above, construct a protective put using the 23-put with February expiration. Hold the protective put position until expiration.

a.       Write out the payoff and profit function.                                          

b.       Use a table to show the payoffs and profits when the put option expires in-the-money and out-of-the-money.    

c.       Calculate the potential profits for this protective put, using share prices ranging from 0 to 26. Plot a graph of these potential profits, with share prices on the x-axis, and profits on the y-axis. (Hint: It may be easier to do this in an Excel spreadsheet.)                                                                                                                             

d.       What is the breakeven share price at expiration for this protective put?      (1 mark)

e.       What is the maximum profit and maximum loss on this protective put?     (1 mark)

Could someone please tell me what corrections I should make to this code. (Python)

Here are the instructions.

• Modify the program so it contains four columns: name, year, price and rating (G,PG,R…)
• Enhance the program so it provides a find by rating function that lists all of the movies that have a specified rating

I can't get the find function to work and I have no idea how to even go about it. For example, when type in 'find' and I enter the rating, I'm always getting an error. I need help.

def list(movie_list):
if len(movie_list) == 0:
print("There are no movies in the list.\n")
return
else:
i = 1
for row in movie_list:
print(str(i) + ". " + row[0]+ " (" + str(row[1]) + ")"+","+ "$"+str(row[2])+","+str(row[3]))
i += 1
print()

def add(movie_list):
name = input("Name: ")
year = input("Year: ")
price = int(input("Price:"))#price
rating =input("Rating:")
movie = []
movie.append(name)
movie.append(year)
movie.append(price)#adding price to the movie list
movie.append(rating)#adding rating to the movie list
movie_list.append(movie)
rating_list.append(movie)
print(movie[0] + " was added.\n")   

def delete(movie_list):
number = int(input("Number: "))
if number < 1 or number > len(movie_list):
print("Invalid movie number.\n")
else:
movie = movie_list.pop(number-1)
print(movie[0] + " was deleted.\n")
#find by rating function
def find_by_rating(movie_list,rating):
if len(movie_list)==0:
print("Find")
return
else:
movie_list=[]
for i in movie_list:
if i[3]==rating:
movie_list.append(i[0])
if len(1)==0:
print("No movies are present with given rating")
else:
print("Movies:")
for i in movie_list:
print(i)
  
  
def display_menu():
print("COMMAND MENU")
print("list - List all movies")
print("add - Add a movie")
print("del - Delete a movie")
print("find- find movie by rating")
print("exit - Exit program")
print()

def main():
movie_list = [["Matrix",1999,9.75,"R"],
["Under the Tuscan",2003,4.99,"PG"],
["V for Vendetta", 2005,14.99,"R"]]

display_menu()
  
while True:
command = input("Command: ")
if command == "list":
list(movie_list)
elif command == "add":
add(movie_list)
elif command == "del":
delete(movie_list)
elif command == "find": #added find command
rating=input("Enter rating:")#taking the rating
find_by_rating(movie_list,rating)#the call
elif command == "exit":
break
else:
print("Not a valid command. Please try again.\n")
print("Bye!")

if __name__ == "__main__":
main()

1- Write a c++ program that asks the user to enter his/her name using one variable only. The name must
be then printed out in capital letter with the family name first and the last name second.

Python Programming

1. Write a function name split_name which takes one parameter called name. If the name parameter value is a name in the form LastName, FirstName(e.g., ”Grounds, Nic”) then the function should return a list of two elements where FirstName is the first element and LastName is the second element. If the name parameter value is a name in the form FirstName LastName(e.g., ”Nic Grounds”) then the function should return a list of two elements where FirstName is the first element and LastName is the second element.

2. Repeatedly prompt the user for a name (which the user may give in Last-name, FirstName form or FirstName LastName form). If the user’s response is an empty string (i.e., they simply press Return) cease looping. If the user’s response is not the empty string, call the split_name function you wrote and append the returned value to a list (initially empty).

3. Using the sorted function (which can take a single parameter, a list) and returns a copy of the list in sorted order) sort the list of names once the loop has finished. Print the sorted list of names, one name per line in LastName, FirstName form.

4. Observe the sorted list of names, are they sorted alphabetically by first name or last name? Leave your answer in a comment within the Python file you submit. Also, how do you think we could potentially modify the program to sort by last name instead of first (or first name instead of last, whichever is opposite of what you observed)? Leave your answer in a comment within the Python file you submit.

5. At the top of your file must be a comment that contains a brief explanation of how you determined which portion of each name was the first name vs. the last name.

Suppose a basket of goods and services has been selected to calculate the CPI and 2014 has been selected as the base year. In 2012, the basket's cost was $50; in 2014, the basket's cost was $52; and in 2016, the basket's cost was $58. The value of the CPI in 2016 was _____?