On August 3, 2015, Jeffrey Corporation purchased 3,800 shares of Kevin Company for $220,400. The following information applies to the stock price of Kevin Company:

Kevin Company declares and pays cash dividends of $4 per share on June 1 of each year.

1. Record the appropriate journal entries for:
August 04, 2015
December 31, 2015
June 01, 2016
December 31, 2016
June 01, 2017
December 31, 2017

2.
8/4/2015 Record the purchase of 3,800 shares of Kevin Company for $220,400
12/31/2015 Record the fair value effects at year-end when the market price of the stock is $57 per share
6/1/2016 Record the cash dividends of $4 per share
12/31/2016 Record the fair value effects at year-end when the market price of the stock is $62 per share
6/1/2017 Record the cash dividends of $4 per share
12/31/2017 Record the fair value effects at year-end when the market price of the stock is $66 per share

3.
8/4/2015 Record the purchase of 3,800 shares of Kevin Company for $220,400
12/31/2016Record Jeffrey Corporations 35% portion of Kevin Company's $59,000 income
6/1/2016 Record the cash dividends of $4 per share
12/31/2016 Record Jeffrey Corporations 35% portion of Kevin Company's $59,000 income
6/1/2017 Record the cash dividends of $4 per share
12/31/2017 Record Jeffrey Corporations 35% portion of Kevin Company's $59,000 income

Required information [The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,313 $ 36,602 $ 36,999 Accounts receivable, net 88,959 63,420 49,332 Merchandise inventory 110,719 83,805 53,069 Prepaid expenses 10,084 9,418 4,153 Plant assets, net 284,405 259,755 233,947 Total assets $ 525,480 $ 453,000 $ 377,500 Liabilities and Equity Accounts payable $ 129,536 $ 78,854 $ 50,827 Long-term notes payable secured by mortgages on plant assets 98,790 103,148 82,593 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 134,654 108,498 81,580 Total liabilities and equity $ 525,480 $ 453,000 $ 377,500 The company’s income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 2017 2016 Sales $ 683,124 $ 539,070 Cost of goods sold $ 416,706 $ 350,396 Other operating expenses 211,768 136,385 Interest expense 11,613 12,399 Income taxes 8,881 8,086 Total costs and expenses 648,968 507,266 Net income $ 34,156 $ 31,804 Earnings per share $ 2.10 $ 1.96 Calculate the company’s long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios.

(1) Debt and equity ratios.

Debt Ratio Choose Numerator: / Choose Denominator: = Debt Ratio / = Debt ratio 2017: / = % 2016: / = %

Equity Ratio Choose Numerator: / Choose Denominator: = Equity Ratio / = Equity ratio 2017: / = % 2016: / = %

(2) Debt-to-equity ratio.

Debt-To-Equity Ratio Choose Numerator: / Choose Denominator: = Debt-To-Equity Ratio / = Debt-to-equity ratio 2017: / = 0 to 1 2016: / = 0 to 1

Problem 3-24 Free Cash Flow (LO3)

The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016.

In 2016 Quick Burger had capital expenditures of $3,057.

a. Calculate Quick Burger’s free cash flow in 2016. (Enter your answer in millions.)

b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 35%.) (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

c. What would the company’s free cash flow have been if it was all-equity financed?

The following table is a non-normalized table for a Rental Property Management Database.  Data is included to help you to perform the normalization.  One client may have multiple rental records.

Identify the functional dependencies and normalize the table to 1NF, 2NF, and 3NF respectively. You also need to show the steps to reach normal form and populate each relation with sample data. As a result, you can see that duplicate data will be removed through the normalization process.

CLIENT_RENTAL

ClientNo: Client Number (PK)

ClientName: Client (who rents a property) Name

PropertyNo: Property Number

PropertyAddress: Property Address (Do not need to break this attribute)

RentStart: Rent Start Date

RentEnd: Rent Ended Date

RentFee: Monthly Rental Fee

OwnerNo: Property Owner Number

OwnerName: Property Owner Name

Notes:

1. Can multiple clients rent the same property at the same time? For example, co-signers on a lease.  No
2. Can one client rent multiple properties at the same time? I.e. if he rented a home and an office.  Yes
3. Can one client rent the same property multiple consecutive times, requiring multiple records? For instance, he extends a lease for another year at a different rent.  No
4. A property cannot have multiple owners.
5. The RentFee is not fixed for each property and can change from one Client to the next.
6. A different client can rent the same property for a different time period creating another record for the same property.

Using the given file, ask the user for a name, phone number, and email. Display the required information.

These are the Files that I made:

import java.util.Scanner;

public class Demo5
{
    public static void main(String args[])
    {
        Scanner keyboard = new Scanner(System.in);

        System.out.println("New number creation tool");

        System.out.println("Enter name");
        String name = keyboard.nextLine();

        System.out.println("Enter phone number");
        String phoneNumber = keyboard.nextLine();

        System.out.println("Enter email");
        String email = keyboard.nextLine();

        Phone test1 = new SmartPhone(name, phoneNumber, email);

        System.out.print(test1);
        System.out.println("Telephone neighbor: " + ((SmartPhone) test1).getTeleponeNeighbor());
    }
}

And:

public class SmartPhone extends Phone
{
    private String email;
    private String phone;
    private String phone2;

    public SmartPhone()
    {
        super("None",-1);
        phone = "Not set";
        email = "None";
        phone2 = "Not set";
    }

    public SmartPhone(String name, String phone)
    {
        super(name, Long.parseLong(phone));
        this.phone = phone;
        this.email = "None";
    }

    public SmartPhone(String name, String phone, String email)
    {
        super(name, Long.parseLong(phone));
        this.email = email;
        this.phone = phone;
    }

    public boolean hasPhoneNumber()
    {
        return !phone.equals("Not set");
    }

    public String getAreaCode()
    {
        return phone.substring(0,3);
    }

    public String getPrefix()
    {
        return phone.substring(3,6);
    }

    public String getLineNumber()
    {
        return phone.substring(6);
    }

    public String toString()
    {
        return "Name: " + name + "\n" +
                "Phone: " + phone + "\n" +
                "Email: " + email + "\n";
    }

    public String getTeleponeNeighbor()
    {
        if(phone == "Not set")
        {
            return "Cannot calculate phone number neighbor";
        }
        else
            {
            String roundUp = "(";
            roundUp += phone.substring(0,3) + ") ";
            roundUp += phone.substring(3,6) + "-";
            roundUp +=  Integer.parseInt(phone.substring(6,10)) + 1;

            return roundUp;
        }
    }
}

Given Files:

public class Phone
{
    protected String name;
    protected long number;

    public Phone() {
        this("None", -1);
    }

    public Phone(String name) {
        this(name, -1);
    }

    public Phone(String name, long number) {
        this.name = name;
        this.number = number;
    }

    public String getName() {
        return name;
    }

    public long getNumber() {
        return number;
    }
}

//////////////// Input ////////////////

Zed
5552129999
[email protected]

//////////////// Required Output ////////////////

New number creation tool\n
Enter name\n
Enter phone number\n
Enter email\n
Name: Zed\n
Phone: 5552129999\n
Email: [email protected]\n
Telephone neighbor: (555) 213-0000\n

An experiment requires 74.2 mL of ethyl alcohol. If the density of ethyl alcohol is 0.790 g/cm3, what is the mass of 74.2 mL of ethyl alcohol?

In an experiment to in which Oxone was used to oxidize Borneol to Camphor, Calculate the theoretical yield of camphor. 0.4381g of Borneol 1.2333g of Oxone 0.0523g and 0.0254g of NaCl

when we performed the TLC experiment, the class chose a mixture for the mobile phase of 80 % ethyl acetate and 20 % hexanes. why was this composition chosen

what is Yeast 2 Hybrid is and what is it used for? What are the bait and prey and the concept behind how the Y2H experiment works? What are the advantages/disadvantages to it?

In an extraction experiment, an aqueous solution of propionic acid will be extracted with hexane and with ethyl acetate. Which solvent should extract more of the propionic acid? Explain.