Broussard Skateboard's sales are expected to increase by 20% from $8.4 million in 2016 to $10.08 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?

On the back of its cereal boxes, Tiger Cereal Company offers a premium to its customers. The premium, a toy truck, may be claimed by sending in $1 plus 10 coupons; one coupon is included in each box of cereal sold. Tiger estimates, based on past experience, that 60% of the coupons will be redeemed. During 2016, Tiger purchased 240,000 toy trucks at $1.25 each for the premium promotion and sold 5,000,000 boxes of cereal, for cash, at $1.80 per box. In 2016, 2,200,000 coupons were redeemed.

Required:

On the back of its cereal boxes, Tiger Cereal Company offers a premium to its customers. The premium, a toy truck, may be claimed by sending in $1 plus 10 coupons; one coupon is included in each box of cereal sold. Tiger estimates, based on past experience, that 60% of the coupons will be redeemed. During 2016, Tiger purchased 240,000 toy trucks at $1.25 each for the premium promotion and sold 5,000,000 boxes of cereal, for cash, at $1.80 per box. In 2016, 2,200,000 coupons were redeemed.

Required:

On December 31, 2015, Valur Co. had the following available-for-sale investment disclosure within the Current Assets section of the balance sheet: 1 Available-for-sale investments (at cost) $145,000.00 2 Plus valuation allowance for available-for-sale investments 40,000.00 3 Available-for-sale investments (at fair value) $185,000.00 There were no purchases or sales of available-for-sale investments during 2016. On December 31, 2016, the fair value of the available-for-sale investment portfolio was $200,000. The net income of Valur Co. was $210,000 for 2016. Compute the comprehensive income for Valur Co. for the year ended December 31, 2016. Refer to the Chart of Accounts and the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. If a net loss is incurred, enter that amount as a negative number using a minus sign.

On May 1, 2016, DigiCom issued $3,600,000 of 10 year, 11%, convertible bonds at 94 plus accrued interest. The bonds paid interest on May 1 and November 1. DigiCom follows ASPE and amortizes its bond discount using the straight-line method. On the same date, non-convertible bonds would have sold at 93 plus accrued interest. On May 1, 2017, $720,000 of the bonds were converted into 29,000 shares.

a) DigiCom measures the equity component using the residual method. Record the following journal entries dealing with the bonds:
 May 1, 2016: Issuance of the convertible bonds.
 November 1, 2016: First interest payment.
 December 31, 2016: DigiCom's year end.
 May 1, 2017: Second interest payment.
 May 1, 2017: Conversion of the bonds.

"Measuring Firm performance."

Then, each of you pick a firm, and do out the following:

Find and report its current P/E ratio.

Calculate and report on any two of its ratios: its ROE, CR, D/E ratio or TAT for two years. Ideally use 2016 and 2017, and if 2017 numbers are unavailable, use 2015 and 2016.

Write a brief (100 word) paragraph comparing its performance over the two years:2016 and 2017 (or 2015 and 2016).

Everyone please use a different firm, if a teammate has used it, you cannot. The firms are:

AMD

Apple

Bank of America

Berkshire Hathaway

CVS (Caremark)

Disney

Exxon-Mobil

Facebook

Ford

GM

Google

Home Depot

Intel

Lowes

Microsoft

New York Times (NYTCO)

Pfizer

Proctor & Gamble

Twitter

Viacom

Walmart

Yahoo

part a

calculate the sample autocorrelation function and provide an interpretation

part b

construct an individual control chart with the standard deviation estimated using the moving range method. how would ypu interpret the chart? are ypu comfortable with this interpretation?

data

2048, 2025, 2017, 1995, 1983, 1943, 1940, 1947, 1972, 1983, 1935, 1948, 1966, 1954, 1970, 2039, 2015, 2021, 2010, 2012, 2003, 1979, 2006, 2042, 2000, 2002, 2010, 1975, 1983, 2021, 2051, 2056, 2018, 2030, 2023, 2036, 2019, 2000, 1986, 1952, 1988, 2016, 2002, 2004, 2018, 2002, 1967, 1994, 2001, 2013, 2016, 2019, 2036, 2015, 2032, 2016, 2000, 1988, 2010, 2015, 2029, 2016, 2010, 2000, 2009, 1990, 1986, 1947, 1958, 1983, 2010, 2000, 2015, 2032

Fleet Sports purchased manufacturing equipment with a cost of $200,000 at the beginning of 2016. The equipment has an estimated life of 4 years or 100,000 shoes (units of product). The estimated residual value is $20,000. During 2016, 36,000 shoes (units of product) were produced with this machinery. Determine the following:

What is the depreciation expense per unit of production using the units-of-production depreciation?

What is the total depreciation expense at December 31, 2016, using units-of-production depreciation?

What is depreciation expense for the equipment at the end of 2016 using double-declining balance depreciation?

What is depreciation expense for the equipment at the end of 2018 using double-declining balance depreciation?

Assume Fleet Sports depreciated the manufacturing equipment using the straight-line method. Prepare a depreciation table as discussed in course lecture, with column headings of Year, Depreciation Expense, Accumulated Depreciation, and Book Value.

2. Nominal and Real Output

Consider an economy whose sole final product is maple syrup. The following table contains data on its maple syrup output (in liters) and price (in dollars per liter).

a) For each year, compute nominal GDP. What is the growth rate of nominal GDP in 2016?

b) For each year, compute real GDP in 2012 dollars. Using this measure, what is the real GDP growth rate in 2016?

c) For each year, compute real GDP in 2014 dollars. Using this measure, what is the real GDP growth rate in 2016?

d) Which growth rate is higher, and why? Which growth rate is a more informative measure of economic performance, and why?