A square foundation 1.5? × 1.5? is founded at a depth
of 1.5 m below the ground surface in
sand soil having a cohesion ?
′ = 0 ?? ?2 ⁄ and angle of shearing resistance∅
′ = 33°
. The water
table is at a depth of 6 m below ground level. The unit weight of
soil above the water table is
? = 18 ?? ?3 ⁄ and the saturated unit weight of the soil ???? = 19
?? ?3 ⁄ .Use the General
Bearing Capacity Equation. Determine the net allowable bearing
pressure for a factor of safety
of 3.
In: Civil Engineering
Americo's Earnings and the Fall of the Dollar. Americo is a U.S.-based multinational manufacturing firm with wholly-owned subsidiaries in Brazil, Germany, and China, in addition to domestic operations in the United States. Americo is traded on the NASDAQ. Americo currently has
660,000
shares outstanding. The basic operating characteristics of the various business units is as follows: (Click on
the
icon to import the table into a spreadsheet.)
|
Business Performance (000s) |
U.S. Parent (US$) |
Brazilian Subsidiary (R$) |
German Subsidiary (€) |
Chinese Subsidiary (¥) |
|
|
Earnings before taxes (EBT) |
$4,440 |
R$6,300 |
€4,490 |
¥2,540 |
|
|
Corporate income tax rate |
35% |
25% |
40% |
30% |
|
|
Average exchange rate for the period |
R$1.8479/$ |
€0.662/$ |
¥7.6752/$ |
Americo must pay corporate income tax in each country in which it currently has operations.
a. After deducting taxes in each country, what are Americo's consolidated earnings and consolidated earnings per share in U.S. dollars?
The dollar has experienced significant swings in value against most of the world's currencies in recent years.
b. What would be the impact on Americo's consolidated EPS if all foreign currencies were to appreciate
20%
against the U.S. dollar?c. What would be the impact on Americo's consolidated EPS if all foreign currencies were to depreciate
20%
against the U.S. dollar?
a. After deducting taxes in each country, what are Americo's consolidated earnings and consolidated earnings per share in U.S. dollars?
Calculate the business performance per country below: (Round to two decimal places. Round exchange rates to four decimal places.)
|
U.S. Parent |
||
|
Business Performance (000s) |
Company |
|
|
Earnings before taxes (local currency) |
$ |
|
|
Less corporate income taxes |
$ |
|
|
Net profits of individual subsidiary |
$ |
|
|
Avg exchange rate for the period (fc/$) |
||
|
Net profits of individual subsidiary |
$ |
In: Finance
Americo's Earnings and the Fall of the Dollar. Americo is a U.S.-based multinational manufacturing firm with wholly-owned subsidiaries in Brazil, Germany, and China, in addition to domestic operations in the United States. Americo is traded on the NASDAQ. Americo currently has
641,000
shares outstanding. The basic operating characteristics of the various business units is as follows: (Click on
the
icon to import the table into a spreadsheet.)
|
Business Performance (000s) |
U.S. Parent (US$) |
Brazilian Subsidiary (R$) |
German Subsidiary (€) |
Chinese Subsidiary (¥) |
|
|
Earnings before taxes (EBT) |
$4,590 |
R$6,260 |
€4,490 |
¥2,580 |
|
|
Corporate income tax rate |
35% |
25% |
40% |
30% |
|
|
Average exchange rate for the period |
R$1.8423/$ |
€0.6615/$ |
¥7.8321/$ |
Americo must pay corporate income tax in each country in which it currently has operations.
a. After deducting taxes in each country, what are Americo's consolidated earnings and consolidated earnings per share in U.S. dollars?
The dollar has experienced significant swings in value against most of the world's currencies in recent years.
b. What would be the impact on Americo's consolidated EPS if all foreign currencies were to appreciate
21%
against the U.S. dollar?c. What would be the impact on Americo's consolidated EPS if all foreign currencies were to depreciate
21%
against the U.S. dollar?
a. After deducting taxes in each country, what are Americo's consolidated earnings and consolidated earnings per share in U.S. dollars?
Calculate the business performance per country below: (Round to two decimal places. Round exchange rates to four decimal places.)
|
U.S. Parent |
||
|
Business Performance (000s) |
Company |
|
|
Earnings before taxes (local currency) |
$ |
|
|
Less corporate income taxes |
$ |
|
|
Net profits of individual subsidiary |
$ |
|
|
Avg exchange rate for the period (fc/$) |
||
|
Net profits of individual subsidiary |
$ |
In: Finance
Equity Method for Stock Investment
On January 4, Year 1, Ferguson Company purchased 160,000 shares of Silva Company directly from one of the founders for a price of $44 per share. Silva has 400,000 shares outstanding, including the Daniels shares. On July 2, Year 1, Silva paid $432,000 in total dividends to its shareholders. On December 31, Year 1, Silva reported a net income of $1,494,000 for the year. Ferguson uses the equity method in accounting for its investment in Silva.
a. Provide the Ferguson Company journal entries for the transactions involving its investment in Silva Company during Year 1.
| Year 1, Jan. 4 | Investment in Silva Company Stock | ||
| Cash | |||
| Year 1, July 2 | Cash | ||
| Investment in Silva Company Stock | |||
| Year 1, Dec. 31 | Investment in Silva Company Stock | ||
| Investment in Silva Company Stock |
Feedback
a.
Jan 4: Record the investment at cost.
July 2: Calculate the ownership percentage. Under the equity method of accounting for investments, the dividends earned affect the investment account.
Dec. 31: Calculate the ownership percentage. Under the equity method of accounting for investments, the share of income affects the investment account.
b. Determine the December 31, Year 1, balance
of Investment in Silva Company Stock.
$
Feedback
b. Set up a T account for the Investment account and calculate the ending investment using your answers from requirement (a).
Feedback
Partially correct
Check My Work1 more Check My Work uses remaining.
In: Accounting
Analyze 1 of the following government intervention programs:
Write a 700- to 1,050-word summary of your analysis. Identify the intervention and the market failure leading up to the intervention. Complete the following in your paper:
References
https://www.congress.gov/bill/111th-congress/house-bill/1/text
https://projects.propublica.org/bailout/
https://www.bea.gov/
https://www.congress.gov/110/plaws/publ343/PLAW-110publ343.pdf
https://www.frbsf.org/
https://fred.stlouisfed.org/
http://www.oecd.org/
https://www.bls.gov/
https://www.census.gov/
In: Economics
Chris P. Bacon is the chief accountant for CV Industries, a large manufacturing company. In addition to its normal business activities, the company has excess warehouse space that it rents out to local businesses. Because the typical renter is a small business, CV Industries requires renters to make lease payments for the entire rental period on the day the lease is signed. As a result, CV Industries typically reports a large unearned rent balance on its balance sheet.
After making adjusting entries for the current year, Chris prepares the adjusted trial balance and notices that the company's earnings will decline significantly. He presents the adjusted trial balance to the company's CFO, Antonio Beldin, who is concerned about the earnings decline. Mr. Beldin notices the large unearned rent balance and proposes making an additional end-of-period adjusting entry to recognize the entire unearned rent balance as revenue in the current period. Chris protests, reminding Mr. Beldin that the adjusting entry for unearned rent has already been made. Mr. Beldin assures Chris that his proposal is acceptable, reminding Chris that “because we have already received the cash, we have the right to recognize the revenue in the current period.” He instructs Chris to make the additional adjusting journal entry. Chris is hesitant to follow these instructions, but he is sensitive to the company's emphasis on earnings growth and makes the adjusting entry as instructed.
Is Chris behaving ethically? Please let us know why or why not? Who is affected by Chris's decision?
In: Accounting
A university financial aid office polled a random sample of 528 male undergraduate students and 419 female undergraduate students. Each of the students was asked whether or not they were employed during the previous summer. 404 of the male students and 248 of the female students said that they had worked during the previous summer. Give a 80% confidence interval for the difference between the proportions of male and female students who were employed during the summer.
Step 1 of 3 : Find the point estimate that should be used in constructing the confidence interval. Round your answer to three decimal places.
Step 2 find the variance
step 3 find the standard deviation
In: Statistics and Probability
Consider a diagnostic test for a hypothetical disease based on measuring the amount of a certain biomarker present in blood. High levels of the biomarker are often found in individuals with the disease, but a number of non-disease conditions can also cause high levels of the biomarker. Individuals without the disease have biomarker levels that are normally distributed with mean 1.6 ng/mL (nanograms per milliliter of blood), and standard deviation 0.50 ng/mL. Individuals with the disease have biomarker levels that are normally distributed with mean 5 ng/mL and standard deviation 1.2 ng/mL. Values of 2.5 ng/mL and higher constitute a positive test result. i. Compute the accuracy of the test for those who have the disease and the accuracy of the test for those who do not have the disease. In a population where 6% of individuals are thought to have the hypothetical disease, calculate the probability that an individual who tests positive has the disease.
In: Statistics and Probability
Indicate whether the individual volunteering to donate blood for homologous transfusion should be accepted or deferred.
A. Defer Temporarily B. Defer for 6 Months C. Defer Permanently D. Accept E. Accept After Obtaining Medical Approval
(Are these answers correct?)
In: Biology
The following merchandise transactions occurred in December. Both companies use a perpetual inventory system.
| Dec. | 3 | Swifty Ltd. sold goods to Blue Spruce Corp. for $ 67,700, terms 2/10, n/30, FOB shipping point. The inventory had cost Swifty $ 34,800. | |
| 7 | Shipping costs of $ 890 were paid by the appropriate company. | ||
| 8 | Blue Spruce returned unwanted merchandise to Swifty. The returned merchandise has a sales price of $ 2,100, and a cost of $ 1,120. It was restored to inventory. | ||
| 11 |
Swifty received the balance due from Blue Spruce. |
Calculate the gross profit earned by Swifty on the above
transactions.
| Gross Profit | $ : ??? |
In: Accounting