Questions
The comparative balance sheets of Oriole Corporation at the beginning and end of the year 2020...

The comparative balance sheets of Oriole Corporation at the beginning and end of the year 2020 appear below.

ORIOLE CORPORATION
BALANCE SHEETS

Dec. 31, 2020

Jan. 1, 2020

Inc./Dec.

Assets
Cash $21,680 $14,700 $6,980 Inc.
Accounts receivable 107,680 89,700 17,980 Inc.
Equipment 40,680 23,700 16,980 Inc.
Less: Accumulated Depreciation-Equipment (17,000 ) (11,000 ) 6,000 Inc.
    Total $153,040 $117,100   
Liabilities and Stockholders’ Equity
Accounts payable $21,680 $16,700 4,980 Inc.
Common stock 101,680 81,700 19,980 Inc.
Retained earnings 29,680 18,700 10,980 Inc.
    Total $153,040 $117,100

Net income of $45,680 was reported, and dividends of $34,700 were paid in 2020. New equipment was purchased and none was sold.
Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
ORIOLE CORPORATION
Statement of Cash Flows

December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020

$
$

    Net Income    Decrease in Accounts Receivable    Decrease in Accounts Payable    Payment of Dividends    Depreciation    Increase in Accounts Receivable    Purchase of Equipment    Loss on Sale of Euipment    Increase in Accounts Payable    Issuance of Stock    

    Issuance of Stock    Depreciation    Purchase of Equipment    Decrease in Accounts Receivable    Net Income    Increase in Accounts Receivable    Payment of Dividends    Decrease in Accounts Payable    Increase in Accounts Payable    Loss on Sale of Euipment    

    Decrease in Accounts Payable    Issuance of Stock    Loss on Sale of Euipment    Decrease in Accounts Receivable    Increase in Accounts Receivable    Payment of Dividends    Depreciation    Net Income    Increase in Accounts Payable    Purchase of Equipment    

    Increase in Accounts Receivable    Decrease in Accounts Payable    Issuance of Stock    Loss on Sale of Euipment    Depreciation    Net Income    Increase in Accounts Payable    Purchase of Equipment    Payment of Dividends    Decrease in Accounts Receivable    

  

$
Compute the current ratio (current assets ÷ current liabilities) as of January 1, 2020, and December 31, 2020. (Round ratios to 1 decimal place., e.g. 4.5.)

December 31, 2020

January 1, 2020

Current ratio

Compute free cash flow for the year 2020. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Free Cash Flow $
In light of the analysis in (part b), comment on Oriole’s liquidity and financial flexibility.
Oriole company has

goodbad

liquidity and

goodbad

financial flexibility.

In: Accounting

Calculate the balance of the premium account at the end of Year 1 - Quarter 4...

Calculate the balance of the premium account at the end of Year 1 - Quarter 4 using the following information:

$80,000 four-year note with 12% interest. The market rate is 11%.  This note's payments are quarterly and interest also compounds quarterly.  

In: Accounting

​Intel's average cost in a given year falls with the quantity that it produces. In​ addition,...

​Intel's average cost in a given year falls with the quantity that it produces. In​ addition, extra production this year lowers the average cost curve next year. For​ example, in year​ 1,

AC=42

if quantity is 20 and

AC=30

if quantity is 60. If Intel produces 20 in year 1 and 40 in year​ 2, the average cost in year 2 will be

30.

​However, for every extra 10 units it produces in year​ 1, its AC for any given quantity in year 2 falls by

5​%.

What is the total cost and the average cost over the two years combined if the firm produces 20 in year 1 and 40 in year​ 2?

The total cost​ (C) is

C=​$20402040.

​(Enter your response rounded to two decimal​ places.)

The average cost​ (AC) is

AC=​$3434.

​(Enter your response rounded to two decimal​ places.)

What is the total cost and average cost over the two years combined if the firm produces 60 in year 1 and 40 in year​ 2?

The total cost​ (C) is

C=​$nothing.

​(Enter your response rounded to two decimal​ places.)

The average cost​ (AC) is

AC=​$nothing.

​(Enter your response rounded to two decimal​ places.)

Over the two years​ combined, what is the true additional cost of producing 60 instead of 20 in year​ 1?

The marginal cost of producing 60 units in year 1 instead of 20 is

In: Economics

Monterrey Properties enters into a 4-year lease for an automobile to be used in operation. The...

Monterrey Properties enters into a 4-year lease for an automobile to be used in operation. The agreement obligates the company to make lease payments of $10,000 at the end of every year. Its useful economic life would be 8 years. Assume that the company's borrowing rate is 6%. The PV factor for 4 periods, 6%, ordinary annuity is 3.4651.

How much are the lease liability and leasehold assets under IFRS?

What expenses will Monterrey record for the first year of the lease under IFRS?

In: Accounting

The following spreadsheet is for Manhattan Family Dentistry on January 1 of the current year.

The following spreadsheet is for Manhattan Family Dentistry on January 1 of the current year.

In: Accounting

Marie is a resident of Belgium. For the year, a US company paid her for 200...

Marie is a resident of Belgium. For the year, a US company paid her for 200 days of work, ---140 in Belgium and 60 in the US. How is her US-source income computed?

A) All of her income for the year is US-source income.

B) Her US-source income cannot be determined.

C) Her US-source income is her total compensation for the year, multiplied by 60/200

D) Her US-source income is her total compensation for the year, multiplied by 60/365 (or 366 if the tax year is a leap year).

In: Accounting

A second year student decides to do research in a nutrition laboratory that is studying the...

A second year student decides to do research in a nutrition laboratory that is studying the effect of caffeine on glycogen metabolism. Caffeine inhibits cAMP phosphodiesterase. If the caffeine is added to cells, which enzymes are affected? Would you expect the rate of glycogen degradation process to decrease or increase? What about the rate of glycogen synthesis? Please explain. (10 points)

In: Biology

For a new product, sales volume in the first year is estimated to be 80,000 units...

For a new product, sales volume in the first year is estimated to be 80,000 units and is projected to grow at a rate of 4% per year. The selling price is $12 and will increase by $0.50 each year. Per-unit variable costs are $3, and annual fixed costs are $400,000. Per-unit costs are expected to increase 5% per year. Fixed costs are expected to increase 8% per year. Develop a spreadsheet model to calculate the net present value of profit over a 3-year period. I need step by step solution please

In: Economics

Part A: Below are some of the components for Prufrock Corp. income statement for the year...

Part A: Below are some of the components for Prufrock Corp. income statement for the year ending December 31st, 2016. Use the values to fill in the income statement and calculate the net income. All values are given in millions of dollars and there may be more lines provided than needed. (6 points)

 Sales = $70,000  Tax Rate = 34%  Depreciation = $16,000  Interest Paid = $450  Cost of Goods Sold = $35,000

Part B: Prufrock Corp. has 4,000 million shares outstanding. If they do not reinvest any of their earnings what will be the dividend per share paid out this year? (3 points)

Part C: Assume that the dividend from Part B will be paid out one year from today. After the initial dividend from part B is paid, the dividend is expected to grow at a rate of 4% per year. Investors require a 10% return on their investment. What is the current share price? (7 points)

In: Finance

The number of sick days due to colds and flu last year was recorded by a...

The number of sick days due to colds and flu last year was recorded by a sample of 13 employees.

The data are 0, 1, 3, 5, 5, 5, 7, 8, 8, 9, 12, 13, 15 .

What is the interquartile range (IQR)?

Select one:

5

7

6

4

In: Statistics and Probability