its java language.

1. Create a class called Car. A Car has instance variables, constructor parameters, setters, and getters for “year manufactured” and “make” and “model” (e.g. 2016 Honda Civic) 2. Create a class called CarLot which has an array of 5 Car references. There are two constructors: (a) One constructor takes no parameters and simply populates the array with these cars: cars[0] = new Car(2016, “honda”, “civic”); cars[2] = new Car(2017, “Lamborghini”, “aventador”); cars[3] = new Car(2000, null, “caravan”); cars[4] = new Car(2010, “dodge”, null); (b) The other constructor takes one parameter: a Car, and puts into the array as the first (and only) element. 3. Create a method public void addCar(Car car) which adds the new Car to the first empty element in the array; if there is no empty element just System.out.println(“no room”) instead. 4. Create a method public Car getCar(int index) which returns a reference to the car at the specified array index; if the index is not valid (i.e. not 0 to 4) return null instead. 5. Create a method public Car getOldestCar() which returns a reference to the oldest car in the array. Use your Car class from the previous question. 2. Create a class called UsedCarLot which has an ArrayList of Car references. 3. The constructor takes parameter: the name of the UsedCarLot (e.g. “Jason’s Used Cars”)…store this in the instance variable String CarLotName and has an accessor too: public String getName(). Also the constructor does this: It simply populates the ArrayList with these cars: cars.add(new Car(2016, “honda”, “civic”)); cars.add(new Car(2017, “Lamborghini”, “aventador”)); cars.add(new Car(2000, null, “caravan”)); cars.add(new Car(2010, “dodge”, null)); 4. Create a method public void addCar(Car car) which adds the Car parameter to the ArrayList. 5. Create a method public void removeCarsBetween(int firstYear, int lastYear) which removes all Cars from the list which were manufactured between firstYear and lastYear (inclusive). Use an iterator. 6. Create a method public Car[] getCarsMadeBy(String maker) which returns an array of Car references…all of the Cars which are made by the parameter maker.

Assume that a parent company acquired 80% of a subsidiary on January 1, 2014. The purchase price was $175,000 in excess of the subsidiary’s book value of Stockholders’ Equity on the acquisition date, and that excess was assigned entirely to an unrecorded Patent owned by the subsidiary. The assumed economic useful life of the patent is 10 years.

Assume that subsidiary sells inventory to the parent. The parent, ultimately, sells the inventory to customers outside of the consolidated group. You have complied the following data for the years ending 2015 and 2016 related with intra-entity inventory sales.

                Inventory Sales                 Gross Profit Remaining in Unsold Inventory

2016           $ 103,300                                   $29,441

2015           $ 87,900                                     $19,137

The inventory not remaining at the end of the year has been sold to unaffiliated entities outside of the consolidated group. The unsold part will be sold to unaffiliated entities in the following year. The parent company applies equity method for this investment.

Subsidiary reports $216,930 as net income on its income statement for the year of 2016.

1. Show the computation to yield the pre-consolidation balance for Equity income in subsidiary (appeared under parent company’s income statement) during 2016.
2. If the intra-entity sales changes from upstream to downstream, then how would the balance change for Equity income in subsidiary during 2016.
3. Show the consolidation adjustment entries related to intra-entity inventory sales.

AA

At year-end 2016, Wallace Landscaping's total assets were $2.0 million and its accounts payable were $355,000. Sales, which in 2016 were $2.4 million, are expected to increase by 20% in 2017. Total
assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typically uses no current liabilities other than accounts payable. Common stock amounted to
$485,000 in 2016, and retained earnings were $260,000. Wallace has arranged to sell $100,000 of new common stock in 2017 to rneet some of its financing needs. The remainder of its financing needs
will be met by issuing new long-term debt at the end of 2017. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Its profit margin on
sales is 4%, and 50% of earnings will be paid out as dividends.
a. What was Wallace's total long-term debt in 2016? Round your answer to the nearest dollar.
What were Wallace's total liabilities in 2016? Round your answer to the nearest dollar.
b. How much new long-term debt financing will be needed in 2017? (Hint: AFN - New stock = New long-term debt.) Round your answer to the nearest dollar.

text Prepare Cash Budget For 3 Months Brewster Corporation expects the following cash receipts and disbursements during the first quarter of 2016 (receipts exclude new borrowings and disbursements exclude interest payments on borrowings since January 1, 2016) January February March Cash receipts $290,000 $310,000 $280,000 Cash disbursements 270,000 350,000 290,000 The expected cash balance at January 1, 2016, is $72,000. Brewster wants to maintain a cash balance at the end of each month of at least $70,000. Short-term borrowings at 1% interest per month will be used to accomplish this, if necessary. Borrowings (in multiples of $1,000) will be made at the beginning of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March 31, 2016. Brewster Corporation Cash Budget for the Quarter Ended March 31, 2016 January February March Beginning cash balance Answer Answer Answer Cash receipts Answer Answer Answer Short-term borrowings Answer Answer Answer Cash available Answer Answer Answer Cash disbursements Answer Answer Answer Interest payment Answer Answer Answer Total cash disbursements Answer Answer Answer Ending cash balance Answer Answer Answer

Calculating LIFO Inventory Values

The Mann Corporation began operations in 2015. Information relating to the company’s purchases of inventory and sales of products for 2015 and 2016 is presented below.

Calculate the LIFO cost of goods sold and ending inventory for 2015 and 2016 assuming use of (a) the peri- odic method and (b) the perpetual method.

a. LIFO Periodic. Round to nearest whole number.

b. LIFO Perpetual. Round to nearest whole number.

Boehm Corporation has had stable earnings growth of 8% a year for the past 10 years and in 2015 Boehm paid dividends of $2.6 million on net income of $9.8 million. However, in 2016 earnings are expected to jump to $12.6 million, and Boehm plans to invest $7.3 million in a plant extension. This one-time unusual earnings growth won’t be maintained, though, and after 2016 Boehm will return to its previous 8% earnings growth rate. Its target debt ratio is 35%.

1. Calculate Boehm’s total dividends for 2016 under each of the following policies:

   1. Its 2016 dividend payment is set to force dividends to grow at the long-run growth rate in earnings.

   2. It continues the 2015 dividend payout ratio.

   3. It uses a pure residual policy with all distributions in the form of dividends (35% of the $7.3 million investment is financed with debt).

   4. It employs a regular-dividend-plus-extras policy, with the regular dividend being based on the long-run growth rate and the extra dividend being set according to the residual policy.

2. Which of the preceding policies would you recommend? Restrict your choices to the ones listed, but justify your answer.

3. Does a 2016 dividend of $9 million seem reasonable in view of your answers to parts a and b? If not, should the dividend be higher or lower?

Kindly answer me for both parts correctly. DO NOT POST WRONG ANSWERS PLEASEEEEEEEEEEEEE

In recent years, Sheridan Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below.

For the declining-balance method, Sheridan Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 30,000. Actual hours of use in the first 3 years were: 2016, 620; 2017, 5,300; and 2018, 6,900.

1. Compute the amount of accumulated depreciation on each machine at December 31, 2018.

2. If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2016? In 2017?

The firm is generating its proforma balance sheet for 2016. For the year 2015, sales were $4 million. Sales are expected to be $5 million in 2016. The company expects its net profit margin for 2016 to equal 5%. In each of the past several years, the company has been paying $50,000 in dividends to its stockholders. The company wants to increase dividends to $80,000 in 2016. The 2015 balance sheet for the company is below. Assume that Cash, Accounts Receivable, Inventories, and Accounts Payable vary directly with sales. Net Fixed Assets must increase by $175,000 to support the sales expansion. Any additional financing that Pioneer will need for 2016 will come from new long-term debt, but the company has a covenant that states that their ratio of total debt to total assets may not exceed 45%. How much additional financing will the company need? Can they pay the increased dividend, increase their long-term debt, and still satisfy the covenant? Show numbers to support your answer.

2015 BALANCE SHEET

1. The holiday season is always the busiest for e-commerce businesses, with the most sales and biggest discounts. One research claims that there were more online shoppers n 2017 compared to 2016.  In 2017, 800 customers were asked “Did you shop online during the holiday season?” 584 replied “yes” and 216 replied “no”. In 2016, 600 customers were asked “Did you shop online during the holiday season?”  423 replied “yes” and 177 replied “no”. Test the claim at the significant level α=0.01.
   1. State the null hypothesis and the alternative hypothesis. Make sure you clearly indicate the parameters for “year 2017” or “year 2016”:              

   2. H0:

                    Ha:

   3. Find the sample proportion for 2017, the sample proportion for 2016, and the grand proportion.
   4. Calculate the test statistic. Specify which test statistic you are finding (“z” or “t”).
   6. Find the p-value using the appropriate table. Be sure to include any appropriate degrees of freedom.   Draw the curve showing p-value, critical value(s), and rejection region.
   8. What is your decision and interpret the decision. Make sure to include the weight of the evidence, the conclusion, and the significance level.
   10. What is the 80% confidence interval of the difference in percentages of online shopping for 2017 and 2016? Interpret your result(s).

Exercise 15-8 Capital lease; lessee; balance sheet and income statement effects [LO15-5] On June 30, 2016, Georgia-Atlantic, Inc., leased a warehouse facility from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $648,358 over a four-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2016.Georgia-Atlantic’s incremental borrowing rate is 10%, the same rate IC used to calculate lease payment amounts. Depreciation is recorded on a straight-line basis at the end of each fiscal year. The fair value of the warehouse is $4.4. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the present value of the lease payments at June 30, 2016 that Georgia-Atlantic used to record the leased asset and lease liability. 2. What pretax amounts related to the lease would Georgia-Atlantic report in its balance sheet at December 31, 2016? 3. What pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December 31, 2016?