Changes in Current Operating Assets and Liabilities—Indirect Method
Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:
| Dec. 31, Year 2 | Dec. 31, Year 1 | |||
| Accounts receivable | $12,200 | $15,500 | ||
| Inventory | 77,400 | 67,300 | ||
| Accounts payable | 18,000 | 21,400 | ||
| Dividends payable | 21,000 | 20,000 | ||
Adjust net income of $92,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
In: Accounting
What kinds of innovations effected the way that agricultural markets transitioned from craft production to mass production? Discuss a specific innovation that effected the evolution of agricultural production. How did the make-up of the agricultural labor force change and how did changes in efficiency and productivity in agricultural labor effect supply, demand and wages in the agricultural markets? What other policies and structural changes have affected agricultural production in the US in the past 300 years?
In: Economics
Select all of the correct statements about
reaction quotients and equilibrium constants from the choices
below.
A reaction quotient equals the equilibrium constant at
equilibrium.
K changes as temperature changes, but is independent of
concentrations.
If Q = K the reaction is already at equilibrium.
A reaction quotient is the same as an equilibrium constant.
The richer a reaction mixture is in product the higher its Q value
is.
As a reaction approaches equilibrium its Q value rises and its K
value falls until they are equal.
In: Chemistry
Your client has identified a viable marketing opportunity and has asked you to identify and document changes needed to current operations to take advantage of this opportunity.
1. Create a brief that you received from your client, giving background information on their organisation and describing the opportunity (ie create a scenario). (50–100 words)
2. Write your report, showing the criteria you have considered and the changes required in each area. (1 page)
In: Operations Management
A coil is wrapped with 226 turns of wire on the perimeter of a circular frame (of radius 70 cm). Each turn has the same area, equal to that of the frame. A uniform magnetic field is directed perpendicular to the plane of the coil. This field changes at a constant rate from 22 mT to 61 mT in 79 ms. What is the magnitude of the induced average E in the coil, over the time interval 79 ms during which the field changes? Answer in units of V.
In: Physics
Determine a suitable process model for the following projects. Also, you are required to provide a short justification along with the necessary assumptions
d) An enterprise software system where the stakeholders do not
well understand requirements. Thus, requirements are expected to be
extremely changeable due to external changes, changing
expectations, changes in the budget and the rapid change in
technology.
e) Children learning mobile application. The stakeholders are
concerned about the user interface more than the functionality of
the application.
In: Computer Science
The table below contains real data for the first two decades of AIDS reporting.
| Year | # AIDS cases diagnosed | # AIDS deaths |
|---|---|---|
| Pre–1981 | 91 | 29 |
| 1981 | 319 | 121 |
| 1982 | 1,170 | 453 |
| 1983 | 3,076 | 1,482 |
| 1984 | 6,240 | 3,466 |
| 1985 | 11,776 | 6,878 |
| 1986 | 19,032 | 11,987 |
| 1987 | 28,564 | 16,162 |
| 1988 | 35,447 | 20,868 |
| 1989 | 42,674 | 27,591 |
| 1990 | 48,634 | 31,335 |
| 1991 | 59,660 | 36,560 |
| 1992 | 78,530 | 41,055 |
| 1993 | 78,834 | 44,730 |
| 1994 | 71,874 | 49,095 |
| 1995 | 68,505 | 49,456 |
| 1996 | 59,347 | 38,510 |
| 1997 | 47,149 | 20,736 |
| 1998 | 38,393 | 19,005 |
| 1999 | 25,174 | 18,454 |
| 2000 | 25,522 | 17,347 |
| 2001 | 25,643 | 17,402 |
| 2002 | 26,464 | 16,371 |
| Total | 802,118 | 489,093 |
Graph "year" vs. "# AIDS deaths." Do not include pre-1981. Label both axes with words. Scale both axes. Calculate the following. (Round your answers to the nearest whole number. Round the correlation coefficient r to four decimal places.)
a=
b=
r=
n=
In: Statistics and Probability
Let
f(x) = x3 − 2x2.
Find the point(s) on the graph of f where the tangent line is horizontal.
|
(smaller x-value) | ||||||||
|
(larger x-value) |
B)
A straight line perpendicular to and passing through the point
of tangency of the tangent line is called the normal to
the curve. Find an equation of the tangent line and the normal to
the curve y = x3 - 3x + 1 at
the point (3, 19).
| tangent line | y = |
| normal line | y = |
C) As use of the Internet grows, so does the number of consumers who shop online. The expected number of online buyers, as a percent of net users, is represented by the following function where t is measured in years, with t = 1 corresponding to the beginning of 2002.† (Round your answers to one decimal place.)
P(t) = 53t 0.12 (1 t 7)
(a) How many online buyers, as a percent of net users, are there
expected to be at the beginning of 2008?
%
(b) How fast is the number of online buyers, as a percent of net
users, expected to be changing at the beginning of 2008?
%/yr
In: Math
Wageweb conducts surveys of salary data and presents summaries on its website. Based on salary data as of October 1, 2002, Wageweb reported that the average annual salary for sales vice presidents was $142,111, with an average annual bonus of $15,432. Assume the following data are a sample of the annual salary and bonus for 10 sales vice presidents. Data are in thousands of dollars.
|
Vice President |
Salary |
Bonus |
|
1 |
135 |
12 |
|
2 |
115 |
14 |
|
3 |
146 |
16 |
|
4 |
167 |
19 |
|
5 |
165 |
22 |
|
6 |
176 |
24 |
|
7 |
98 |
7 |
|
8 |
136 |
17 |
|
9 |
163 |
18 |
|
10 |
119 |
11 |
Compute SST, SSR, and SSE
Compute the coefficient of determination r2. Comment on the goodness of fit.
What is the value of the sample correlation coefficient?
Develop the null and alternative hypothesis to test the linear relationship between salary and bonus
At the .05 level of significance, determine whether salary and bonus are linearly related. Use the t test.
Solve the problem in Excel and compare your results.
In: Statistics and Probability
This is from a case Called
Waste Management, Inc
Manipulating Accounting Estimates
and here is the required questions
REQUIRED
[1] Review Waste Management’s Consolidated Balance Sheet as of December 31, 1996. Identify accounts whose balances were likely based on significant management estimation techniques. Describe the reasons why estimates were required for each of the accounts identified.
[4] The Waste Management fraud primarily centered on inappropriate estimates of salvage values and useful lives for property and equipment. Describe techniques Andersen auditors could have used to assess the reasonableness of those estimates used to create Waste Management’s financial statements.
[6] Several of the Waste Management accounting personnel were formerly employed by the company’s auditor, Arthur Andersen. What are the risks associated with allowing former auditors to work for a client in key accounting positions? Research Section 206 of the Sarbanes−Oxley Act of 2002 and provide a brief summary of the restrictions related to the ability of a public company to hire accounting personnel who were formerly employed by the company’s audit firm.
In: Accounting