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:

Rose, Inc. uses the dollar-value LIFO retail inventory method. For years ending 2015-2019 they counted the following dollar amounts for inventory at retail prices

2015 $124,000

2016 $138,600

2017 $157,500

2018 $149,240

2019 $155,700

As far as prices are concerned, the following year end price indexes were estimated as:

2015 1.00

2016 1.04

2017 1.10 (10 percent higher prices than in 2015)

2018 1.13

2019 1.15

The cost to retail percentage for those items added in each year were as follows – this means the comparison of purchases for cost versus retail has already been done and does not need to be repeated.

2015 60%

2016 61%

2017 62%

2018 63%

2019 62%

Required: Give the amounts that should be listed on the year-end balance sheet for each of the following years:

1. 2015

2. 2016

3. 2017

4. 2018

5. 2019

Use actual sales (revenue) data from previous 4 years to estimate sales using the linear trend function. Please show work in excel!!

Suppose that the British economy produces two goods: laptops and books. The quantity produced and the prices of these items for 2015 and 2016 are shown in the table below:

Instructions:Round your answer to two decimal places.

a. Let’s assume that the base year was 2015, so that real GDP in 2015 equals nominal GDP in 2015.     

If the real GDP in Britain was $15,000 in 2015, the price of books was $3.00

.

Instructions:Round your answer to the nearest whole number.

b. Using your answer from part (a), if the growth rate in nominal GDP was 15 percent, books must have been produced in 2016.

Instructions:Round your answer to one decimal place.

c. Using your answers from parts (a) and (b), the growth rate in real GDP between 2015 and 2016 was

2016, ABC Company leased a copier from XYZ. The three-year lease agreement specifies annual payments of $50,000 beginning January 1, 2016, the inception of the lease, and at each January 1 thereafter through 2018. The useful life of the copier is estimated to be ten years. Before deciding to lease, ABC considered purchasing the copier for its cash price of $230,000. If funds were borrowed to buy the copier, the interest rate would have been 8%. ABC Company paid a commission of $4,000 to arrange this lease.

a) How would this lease be classified by the lessee? Be specific and provide supporting computations.

b) Prepare the journal entry to record the lease on January 1, 2016. Provide supporting computations.

c) Prepare the journal entry required on December 31, 2016. Provide supporting computations

d) Prepare the entries required in 2017 and 2018 related to this lease. Provide supporting computations