Scenario 13‐2: Upgrading a Cluster to Windows Server 2016

As an administrator at the Contoso Corporation, you manage a cluster used as a file server that is running Windows Server 2012 R2. You do not have any other free servers. Describe how to upgrade the cluster to Windows Server 2016.

Broussard Skateboard's sales are expected to increase by 20% from $7.6 million in 2016 to $9.12 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 75%. What would be the additional funds needed? Do not round intermediate calculations. Round your answer to the nearest dollar.

Assume that an otherwise identical firm had $2 million in total assets at the end of 2016. Broussard's capital intensity ratio (A₀*/S₀) is _______ 2 than the otherwise identical firm; therefore, Broussard is _______ 3 capital intensive - it would require _______ 4 increase in total assets to support the increase in sales.

Consider the following data for the United​ States:

​*Real-time data provided by Federal Reserve Economic Data​ (FRED), Federal Reserve Bank of Saint Louis.

Assuming the base year is now 2017​, complete the following ​(enter your responses rounded to one decimal ​place)​:

a. Recalculate the price index for years 2015​, 2016 and 2017.

b. Recalculate the real GDP for the years 2015​, 2016​, 2017.

Consider the following data for the United​ States:

At the beginning of 2016, Miyazaki Company’s Accounts Receivable balance was $105,000, and the balance in Allowance for Doubtful Accounts was $1,950. Miyazaki’s sales in 2016 were $787,500, 80% of which were on credit. Collections on account during the year were $502,500. The company wrote off $3,000 of uncollectible accounts during the year.

Required:

What is the Exponentially Smoothed Forecast for year 5?

What is the trend for year 2?

What is the trend for year 3?

What is the adjusted exponentially smoothed forecast for year 3?

What is the trend for year 4?

What is the adjusted exponentially smoothed forecast for year 4?

What is the forecast for year 5 using linear regression.

On January 1, 2016, the following information was drawn from the accounting records of Carter Company: cash of $350; land of $2,250; notes payable of $650; and common stock of $1,300.

a. As of January 1, 2016, what percent of the assets were acquired from retained earnings? (Round your answer to 1 decimal place.)
b. Create an accounting equation using percentages instead of dollar amounts on the right side of the equation. (Round your percentage answers to 1 decimal place.)

c. During 2016, Carter Company earned cash revenue of $620, paid cash expenses of $360, and paid a cash dividend of $56. (Hint: It is helpful to record these events under an accounting equation before preparing the statements.) (Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the "Account Titles for Retained Earnings".)

d. Prepare an income statement dated December 31, 2016.

            Use the following information to answer questions 1 and 2.

            This is the shareholders’ equity of Pinnacle on Dec 31, 2016.

• Common share (200,000 issued and outstanding)                                    $   800,000
• 7 percent, preferred shares (20,000 authorized, 18,000 issued)                    200,000
• Retained earnings                                                                                          650,000
• Total                                                                                                          $ 1,650,000

Notes:

1. Preferred shares were issued on Jan 1, 2013.
2. No dividends declared or paid since 2013 until Pinnacle declared and paid $400,000 dividends on Dec 31, 2016.

1. Assuming preferred shares are both cumulative and participating in dividend distributions in excess of a 10 percent dividend rate on the common shares, what was the total dividend that preferred and common shareholders received, respectively on Dec 31, 2016?
2. Assuming preferred shares are none cumulative, but participating in dividend distributions in excess of a 20 percent dividend rate on the common shares, what were the total dividends that preferred and common shareholders received, respectively on Dec 31, 2016?

Garrix Animal Supplies wanted to purchase a parcel of land from Sinatra Trash Can Company as the future site for a storage facility. Sinatra Trash Can Company listed the land at a price of $310,000. Garrix Animal Supplies was convinced that the land was worth $285,000, a price that was supported by an independent appraiser. The companies eventually agreed to a price of $298,750. Garrix closed the deal on March 14, 2016 at which time it incurred a broker commission of $11,950. During 2016 the fair value of the land appeared to rise quickly as Garrix Animal Supplies received five separate offers for the land at prices ranging from $315,000 to $325,000. The Company rejected the offers but re-hired the appraiser to estimate the land?s value. At December 31, 2016, the appraiser presented a report indicating the land had an estimated fair value of $317,500. In its GAAP balance sheet at December 31, 2016, Garrix Animal Supplies would report the land at a total value of: