Integrated Physicians & Associates, an investor-owned
company,
had the following general ledger account balances at the end
of
2015: Gross patient service revenue (total charges)
Contractual
discounts and allowances to third-party payers Charges for
charity
(indigent) care Estimated provision for bad debts $975,000
250,000
100,000 50,000 a. Construct the revenue section of Integrated
Physicians & Associates’ income statement for the year
ended
December 31, 2015. Suppose the 2015 contractual discounts and
allowances balance reported above is understated by $50,000.
In
other words, the correct balance should be $300,000. Assuming a
40
percent income tax rate, what would be the effect of the
misstatement on Integrated Physicians & Associates’ 2015
reported: 1. Net patient service revenue? 2. Total expenses,
including income tax expense? 3. Net income? For each item
(1–3),
indicate whether the balance is overstated, understated, or
not
affected by the misstatement. If overstated or understated,
indicate by how much
In: Accounting
ON Amazon:
Key Goods or Services/Features: Describe the key goods and services your selected organization provides. Include information about where, why, and for whom they are provided. Separate the financial interest of the company into financial and nonfinancial features. For example: Are they a manufacturer offering their own financing to customers? Is the company currently facing any financial woes? Explain how these features of the organization (e.g., major products or services, customers, location) help set the boundaries for business decisions.
In: Finance
Kike Ltd is a retailer dominance of the athletic shoe and sporting apparel businesses. Kike Ltd, which currently views itself as operating in the sporting wear (shoes and clothes) segment, is considering an expansion into the fashion apparel business, producing high-priced casual clothing for teenagers and young adults. The Company therefore, is contemplating building another new retail store across the town. Followings are information on this expansion. The company already owns the land for this store, which currently has an abandoned warehouse located on it. The land cost at $350,000 and has a useful life of 10 years. Kike Ltd bought this land 5 years ago. The cost of $45,000 for demolishing the abandoned warehouse and clearing the lot. The marketing department spent $20,000 on market research to determine the extent of customer demand of the new segment for the new store. The construction of the new store would cost $500,000, with 5-year life and depreciated using straight line method. The loss of 30% sales in the existing retail outlet (old segment), if customers who previously drove across town to shop at the existing outlet (old segment) become customers of the new store (new segment) instead. Kike Ltd issue bond at 6% to finance the construction cost. Assumes the cost of capital is 10% and tax rate is 27%. Kike Ltd is expecting the sales of the new segment which will be constant at $150,000 per year for 5 years. Required: Discuss should the land cost that has an abandoned warehouse be included as part of incremental earnings for the proposed of new segment. Would the value of land if sold be considered as opportunity cost? Discuss should the cost of $45,000 for demolishing the abandoned warehouse and clearing the lot and the marketing cost of $20,000 be included as part of incremental earnings for the proposed of new segment. Discuss in detail how the cost of the construction of the new store, $500,000, with 5-year life and depreciation using straight line method and the cost of issuing bond at 6% to finance the construction cost are treated as incremental earnings for the proposed of new segment. In the situation where the employees leave the new store sitting idle due to some unavoidable circumstances (such strike, natural disaster), should the cost in (c) is treated as opportunity cost? Discuss in details how this loss of 30% sales in the existing retail outlet (old segment), if customers who previously drove across town to shop at the existing outlet (old segment) become customers of the new store (new segment) instead will impact the incremental earnings for the proposed of new segment. Explain why it is advantageous for Kike to use the most accelerated depreciation method compared to straight line method. Is it realistic for Kike to forecast a constant sale for 5 years? (1 mark)
In: Finance
three different traffic routes are tested for mean driving time. the entries in the table below are the driving times in minutes on the three different routes. use an ANOVA to test the hypothesis. Route 1: 30, 32, 27, 35 Route 2: 27, 29, 28, 36 Route 3: 16, 41, 22, 31 1) find the numerator degrees of freedom 2) find the denominator degrees of freedom 3) find SS factor 4) find ss total 5) find the F statistic
In: Statistics and Probability
Answer the following question using the table below.
At what point does diminishing marginal utility set in?
If apples were freely given away at zero cost, how many apples would she choose to consume?
| Numbers of apples | TU | MU |
| 1 | 7 | 7 |
| 2 | 13 | 6 |
| 3 | 18 | 5 |
| 4 | 22 | 4 |
| 5 | 25 | 3 |
| 6 | 27 | 2 |
| 7 | 28 | 1 |
| 8 | 28 | 0 |
| 9 | 27 | -1 |
| 10 | 25 | -2 |
In: Economics
Please let me know how to make code sort.
If you put sort (sort 1000 6 5 4 3 2 1, not separate), you will get 1 2 3 4 5 6 1000.
sort 50 300 27 5
5 27 50 300
public static void main (String[] args) {
Scanner scnr = new
Scanner(System.in);
String a = "";
a =
scnr.nextLine();
String[] b =
imput.split(" ")
if (b[0].equalsI("sort")) {
}
Please do not change above code.
In: Computer Science
In: Economics
In: Finance
Please note that this assignment consists of two separate parts. The first part gives the cash flows for two mutually exclusive projects and is not related to the second part. The second part is a capital budgeting scenario.
Part 1
Please calculate the payback period, IRR, MIRR, NPV, and PI for the following two mutually exclusive projects. The required rate of return is 15% and the target payback is 4 years. Explain which project is preferable under each of the four capital budgeting methods mentioned above:
Table 1
Cash flows for two mutually exclusive projects
|
Year |
Investment A |
Investment B |
|
0 |
-$5,000,000 |
-5,000,000 |
|
1 |
$1,500,000 |
$1,250,000 |
|
2 |
$1,500,000 |
$1,250,000 |
|
3 |
$1,500,000 |
$1,250,000 |
|
4 |
$1,500,000 |
$1,250,000 |
|
5 |
$1,500,000 |
$1,250,000 |
|
6 |
$1,500,000 |
$1,250,000 |
|
7 |
$2,000,000 |
$1,250,000 |
|
8 |
0 |
$1,600,000 |
Part 2
Please study the following capital budgeting project and then provide explanations for the questions outlined below:
You have been hired as a consultant for Pristine Urban-Tech Zither, Inc. (PUTZ), manufacturers of fine zithers. The market for zithers is growing quickly. The company bought some land three years ago for $2.1 million in anticipation of using it as a toxic waste dump site but has recently hired another company to handle all toxic materials. Based on a recent appraisal, the company believes it could sell the land for $2.3 million on an after-tax basis. In four years, the land could be sold for $2.4 million after taxes. The company also hired a marketing firm to analyze the zither market, at a cost of $125,000. An excerpt of the marketing report is as follows:
The zither industry will have a rapid expansion in the next four years. With the brand name recognition that PUTZ brings to bear, we feel that the company will be able to sell 3,600, 4,300, 5,200, and 3,900 units each year for the next four years, respectively. Again, capitalizing on the name recognition of PUTZ, we feel that a premium price of $750 can be charged for each zither. Because zithers appear to be a fad, we feel at the end of the four-year period, sales should be discontinued. PUTZ believes that fixed costs for the project will be $415,000 per year, and variable costs are 15 percent of sales. The equipment necessary for production will cost $3.5 million and will be depreciated according to a three-year MACRS schedule. At the end of the project, the equipment can be scrapped for $350,000. Net working capital of $125,000 will be required immediately. PUTZ has a 38% tax rate, and the required rate of return on the project is 13%.
Now please provide detailed explanation for the following:
Explain how you determine the initial cash flows
Discuss the notion of sunk costs and identify the sunk cost in this project
Verify how you determine the annual operating cash flows
Explain how you determine the terminal cash flows at the end of the project’s life
Calculate the NPV and IRR of the project and decide if the project is acceptable
If the company that is implementing this project is a publicly traded company, explain and justify how this project will impact the market price of the company’s stock
Provide your explanations and definitions in detail and be precise. Comment on your findings. Provide references for content when necessary. Provide your work in detail and explain in your own words. Support your statements with peer-reviewed in-text citation(s) and reference(s).
In: Finance
Exercise 130
A partial adjusted trial balance of Cullumber Company at January 31, 2021, shows the following.
| CULLUMBER
COMPANY Adjusted Trial Balance January 31, 2021 | ||||
| Debit | Credit | |||
| Supplies | $3,700 | |||
| Prepaid Insurance | 8,700 | |||
| Salaries and Wages Payable | $2,600 | |||
| Unearned Revenue | 2,600 | |||
| Supplies Expense | 4,700 | |||
| Insurance Expense | 1,450 | |||
| Salaries and Wages Expense | 7,700 | |||
| Service Revenue | 8,400 | |||
Answer the following questions, assuming the year begins
January 1.
1. If the amount in Supplies Expense is the January 31 adjusting entry, and $3,400 of supplies was purchasedin January, what was the balance in Supplies on January 1?
2. If the amount in Insurance Expense is the January 31 adjusting entry, and the original insurance premium was for one year, what was the total premium and when was the policy purchased? The policy was purchased on?
3. If $10,000 of salarieswas paid in January, what was the balance in Salaries and Wages Payable at December 31, 2020?
4. If $6,300was received in January for services performed in January, what was the balance in Unearned Revenue at December 31, 2020?
In: Accounting