It is January 1, 2020. Free cash flow for 2020, 2021, 2022, and 2023 are expected to be -$5,000; -$1,000; $5,000; and $15,000. Cash flow growth beyond 2023 is expected to stabilize at 10% for 2 years, beyond which point free cash flows are expected to grow at 4% in perpetuity. If the discount rate is 20%, what should be the value of the firm today if there is $1,000 excess cash? What should the enterprise value be (assuming the firm has no majority interest in a subsidiary)? Assume cash flows occur continuously throughout the year.
In: Finance
2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 11,663 university students and found that 8,891 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
What is the required sample size to calculate a 95% confidence interval within 3.05 percentage points? Use z*=1.96.z*=1.96.
n=p*(1−p*)(z*ME)2
In: Statistics and Probability
Comparative balance sheets: 2019 and 2020, an income statement for 2020 are provided below for Dandelion’s shop.
Balance Sheet
As of December 31st
|
Assets |
2020 |
2019 |
|
Cash |
$1,550 |
$1,100 |
|
Account Receivable |
550 |
1,200 |
|
Inventory |
1,800 |
1,300 |
|
Investment – Trading Securities |
970 |
970 |
|
Fair Value Adjustment |
70 |
0 |
|
Property Plant & Equipment |
12,000 |
10,800 |
|
Accumulated Depreciation – PPE |
(4,650) |
(5,400) |
|
Goodwill |
$400 |
$600 |
|
Total Assets |
$12,690 |
$10,570 |
|
Liabilities |
||
|
Accounts Payable |
$200 |
$550 |
|
Accrued Wages |
800 |
220 |
|
Convertible Bonds Payable |
0 |
300 |
|
Bonds Payable |
3,400 |
1,800 |
|
Discount on Bonds Payable |
(10) |
(12) |
|
Total Liabilities |
$4,390 |
$2,858 |
|
Stockholders’ Equity |
||
|
Common Stock |
4,300 |
3,100 |
|
Paid-in capital – Common Stock |
300 |
100 |
|
Retained Earnings |
3,700 |
4,512 |
|
Total Liability & Stockholders’ Equity |
$12,690 |
$10,570 |
Income Statement
During the Year Ended December 31st
|
Revenues |
2020 |
|
|
Sales Revenue |
$25,600 |
|
|
Dividend Revenue |
110 |
|
|
Unrealized Holding Gain/Loss - Income |
70 |
|
|
Total Net Sales |
$25,780 |
|
|
Expenses |
||
|
Cost of Goods Sold |
$21,300 |
|
|
Operating Expenses |
4,287 |
|
|
Interest Expense |
45 |
|
|
Loss due to impairment of Goodwill |
200 |
|
|
Loss on sale of Machinery |
70 |
|
|
Total Expenses |
25,902 |
|
|
Income Before Income Tax |
(122) |
|
|
Income Tax Expense |
0 |
|
|
Net Income (Loss) |
$ (122) |
|
Additional Information from the 2020 accounting records:
Instructions: Prepare the statement of cash flow under the indirect method. Your finished product should have all the information disclosed on a formal statement, including a list of noncash transactions.
***Please explain/show work how you got each amounts***
In: Accounting
2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 11,834 university students and found that 8,211 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
To calculate the required sample size, what value of Z* should we use in the formula below to calculate a 90% confidence interval within 4.62 percentage points? Give your answer to 4 decimal places.
n= p* (1-p*) (z*/ME)^2
In: Statistics and Probability
2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 12,887 university students and found that 8,014 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
To calculate the required sample size, what value ofME. should we use in the formula below to calculate a 90% confidence interval within 8.84 percentage points? Give your answer to 4 decimal places.
n=p*(1−p*)(z*ME)2
In: Statistics and Probability
2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 11,590 university students and found that 8,066 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
To calculate the required sample size, what value ofz*. should we use in the formula below to calculate a 90% confidence interval within 2.82 percentage points? Give your answer to 4 decimal places.
n=p*(1−p*)(z*ME)2
In: Statistics and Probability
2020 will see another presidential election! Did you see the pun there (2020, see)? For this assignment, prepare a short write up about who the presidential candidates for 2020 are and what forms of media, including social media, that you are seeing. Include in your write up if there are any of the ads that are resonating with you in terms of candidate electability.
In: Economics
The Murdock Corporation reported the following balance sheet
data for 2021 and 2020:
| 2021 | 2020 | |||||||
| Cash | $ | 88,475 | $ | 28,955 | ||||
| Available-for-sale debt securities (not cash equivalents) | 20,500 | 95,000 | ||||||
| Accounts receivable | 90,000 | 77,250 | ||||||
| Inventory | 175,000 | 154,000 | ||||||
| Prepaid insurance | 2,400 | 3,000 | ||||||
| Land, buildings, and equipment | 1,270,000 | 1,135,000 | ||||||
| Accumulated depreciation | (620,000 | ) | (582,000 | ) | ||||
| Total assets | $ | 1,026,375 | $ | 911,205 | ||||
| Accounts payable | $ | 85,340 | $ | 158,670 | ||||
| Salaries payable | 24,000 | 29,500 | ||||||
| Notes payable (current) | 34,000 | 85,000 | ||||||
| Bonds payable | 210,000 | 0 | ||||||
| Common stock | 300,000 | 300,000 | ||||||
| Retained earnings | 373,035 | 338,035 | ||||||
| Total liabilities and shareholders' equity | $ | 1,026,375 | $ | 911,205 | ||||
Additional information for 2021:
Required:
Prepare a statement of cash flows for 2021 in good form using the
indirect method for cash flows from operating activities.
(Amounts to be deducted should be indicated with a minus
sign.)
In: Accounting
Soccer Inc. had credit sales of $775,000 during 2020. At the end of 2020, the unadjusted ending balance in Soccer’s Allowance for Bad Debt account was $7,600, and the unadjusted balance in its gross accounts receivable account was $239,000. Soccer uses the percent of sales method to determine bad debt expense. Based on historical data, Soccer assumes that 1.163% of credit sales will prove to be uncollectible. Additionally, the company has a policy of writing-off any Account Receivable which is outstanding more than 75 days. As of 12/31/20, Soccer has Accounts Receivable balances totaling $2,000 outstanding over 75 days which need to be written off.
**You may round your answers to the nearest dollar.
(A) What journal entry would Soccer record to "Write-Off" Accounts Receivable?
(B) What journal entry would Soccer record to recognize 2020 Bad Debt Expense?
(C) What is the adjusted 12/31/2020 balance of Soccer's Gross Accounts Receivable? *(Show each calculation)
(D) What is the adjusted 12/31/2020 balance of Soccer's Allowance for Bad Debt? *(Show each calculation)
(E) What is the adjusted 12/31/2020 balance of Soccer's Net Accounts Receivable? *(Show each calculation)
In: Accounting
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In: Accounting