Year Project A Project B Project C
0 -$150,000 -$300,000 -$150,000
1 $110,000 $200,000 $120,000
2 $110,000 $200,000 $90,000
The relevant discount rate ( r ) is 12% a year
Calculate the PI for each of the three projects.
In: Finance
What is the value today of a money machine that will pay $1,190.00 per year for 21.00 years? Assume the first payment is made 10.00 years from today and the interest rate is 13.00%.
In: Finance
In view of the sluggish sales in the year 2019, Panasonic continued to search for new business opportunities by securing new agency with growth potential.
b) If you hired as the organisation consultant, suggest a way to improve their current supply chain to suit in the Malaysia market (40 Marks)
Would really appreciate if you do not copy paste your answers from other sources and do use your own words and answer according to the marks requirement.
In: Economics
Determine the amount of the standard deduction for each of the following taxpayers for tax year 2017:
Christina, who is single.
Adrian and Carol, who are filing a joint return. Their son is blind.
Peter and Elizabeth, who are married and file separate tax returns. Elizabeth will itemize her deductions.
Karen, who earned $1,100 working a part-time job. She can be claimed as a dependent by her parents.
Rodolfo, who is over 65 and is single.
Bernard, who is a nonresident alien with U.S. income.
Manuel, who is 70, and Esther, who is 63 and blind, will file a joint return.
Herman, who is 75 and a qualifying widower with a dependent child.
In: Accounting
Suppose a committee wants to decide the service award for last year. There are a total of 6 candidates, Alice, Brigitte, Chris, Dave, Emma, and Frank. Among the six candidates, Alice, Brigitte, and Emma are females and the rest three are males. The committee must decide exactly three people to be awarded, and the nominations must meet all of the following criteria. At least one female must be nominated; Chris and Emma cannot be both nominated; Since Alice and Brigitte work together all the time last year, if one of them is nominated, so is the other; Exactly one of the two people Chris and Dave will be nominated; The nomination cannot be a list containing exactly Alice, Brigitte, and Chris; If Chris cannot get the nomination, neither can Brigitte. Now, as the chair of the committee, how do you decide the nominations?
In: Statistics and Probability
(a) What is the future value of a 4-year ordinary (regular) annuity of $2,750 if the appropriate interest rate is 5.6%? (b) What is the present value of this 4-year ordinary annuity? (c) What would the i) future, and ii) present value, be if this annuity were an annuity due (still 4 years)? Hint: set your calculator to BGN, there is a video in M2 that shows you how to do this. Don’t forget to reset to “END” after you work an annuity due problem. FV = PV =
Compare the results you got in part b for present and future value of a "regular" annuity and compare these to the values you got for the annuity due (part c). What is the relationship that you see? Using the time value of money concepts you have learned so far, why does this relationship (PV of regular annuity vs. annuity due and FV of regular annuity vs. annuity due occur? Pleas show work.
In: Finance
In: Finance
Question 1
a.) All receivables that are expected to be realized in cash within a year are presented in the current assets section of the balance sheet.
Select one:
True
False
b.) Receivables NOT currently collectible are reported in the investments section of the balance sheet.
Select one:
True
False
c.) The maturity value of a 12%, 60-day note for $5,000 is $5,600.
Select one:
True
False
d.) The selling of a company's receivables is called factoring.
Select one:
True
False
e.) Uncollectible Accounts Expense is a contra asset account.
Select one:
True
False
f.) At the end of a period before the accounts are adjusted Allowance for Doubtful Accounts has a balance of $250, and net sales on account for the period total $500,000. If uncollectible accounts expense is estimated at 1% of net sales on account, the current provision to be made for uncollectible accounts expense is $5,000.
Select one:
True
False
g.) Allowance for Doubtful Accounts is a contra asset account.
Select one:
True
False
h.) The difference between the total receivables and the balance in Allowance for Doubtful Accounts at the end of a period is referred to as the net realizable value of the accounts receivable.
Select one:
True
False
Question 2
a.) Allowance for Doubtful Accounts has an unadjusted balance of $500 at the end of the year, and uncollectible accounts expense is estimated at 1% of net sales. If net sales are $900,000, the amount of the adjustment to record the provision for doubtful accounts is:
Select one:
$9,500
$500
$8,500
$9,000
b.)Allowance for Doubtful Accounts has an unadjusted balance of $400 at the end of the year, and uncollectible accounts expense is estimated at 1% of net sales. If net sales are $300,000, the amount of the adjustment to record the provision for doubtful accounts is:
Select one:
$3,000
$3,400
$400
$2,600
Question 3
a.) Which of the following inventories would appear on the balance sheet of a manufacturing business?
Select one:
Work in process
Merchandise inventory
Direct labor
Factory overhead
b.) The inventory method that considers the inventory to be composed of the units of merchandise acquired earliest is called:
Select one:
first-in, first-out
last-in, first-out
average cost
retail method
c.) Which inventory cost flow assumption allows management to identify which costs are included in cost of merchandise sold?
Select one:
LIFO
FIFO
Average
Specific Identification
d.) The inventory data for an item for November are:
|
Nov. 1 |
Inventory |
20 units at $20 |
|
10 |
Purchased |
30 units at $21 |
|
30 |
Purchased |
10 units at $22 |
|
Sold |
30 units |
|
Using the first-in, first-out method, what is the cost of the merchandise inventory of 30 units on November 30?
Select one:
$640
$610
$620
$630
Question 4
a.) Use the following data to calculate cost of merchandise sold under FIFO method.
|
September 1 |
Beginning Inventory |
15 units @ $20 |
|
September 10 |
Purchases |
20 units @ $25 |
|
September 20 |
Purchases |
25 units @ $28 |
|
September 30 |
Ending Inventory |
30 units |
Select one:
$825
$750
$675
$600
b.)Use the following data to calculate the cost of ending inventory under LIFO using the method.
|
September 1 |
Beginning Inventory |
15 units @ $20 |
|
September 10 |
Purchases |
20 units @ $25 |
|
September 20 |
Purchases |
25 units @ $28 |
|
September 30 |
Ending Inventory |
30 units |
Select one:
$825
$750
$675
$600
c.)Use the following data to calculate the cost of ending inventory under Average Cost method.
|
September 1 |
Beginning Inventory |
15 units @ $20 |
|
September 10 |
Purchases |
20 units @ $25 |
|
September 20 |
Purchases |
25 units @ $28 |
|
September 30 |
Ending Inventory |
30 units |
Select one:
$825
$750
$675
$600
d.)Calculate the cost of ending inventory using FIFO inventory cost method.
|
1/1 |
Beginning inventory |
10 units @ $10 per unit |
|
2/28 |
Purchases |
40 units @ $12 per unit |
|
5/10 |
Purchases |
50 units @ $14 per unit |
|
9/20 |
Purchases |
30 units @ $16 per unit |
|
12/31 |
Ending inventory |
50 units |
Select one:
$800
$760
$580
$500
Question 5
During a period of consistently rising prices, the method of inventory that will result in reporting the greatest cost of merchandise sold is:
Select one:
FIFO
LIFO
average cost
all methods will generate the same cost of merchandise sold
Question 6
a.) If merchandise inventory is being valued at cost and the price level is steadily rising, the method of costing that will yield the highest net income is:
Select one:
average
LIFO
FIFO
all methods will generate the same net income
b.) If merchandise inventory is being valued at cost and the price level is consistently rising, which method of costing will yield the largest gross profit?
Select one:
average cost
LIFO
FIFO
all methods will generate the same gross profit
c.) “LIFO Reserve" is calculated as __________.
Select one:
LIFO end of year minus LIFO beginning of the year
FIFO inventory plus LIFO inventory
FIFO inventory minus LIFO inventory
None of the above
d.) If the cost of an item of inventory is $60 and the current replacement cost is $65, the amount included in inventory according to the lower of cost or market is:
Select one:
$5
$60
$65
$125
e.)If the cost of an item of inventory is $70, the current replacement cost is $65, and the sales price is $85, the amount included in inventory according to the lower of cost or market is:
Select one:
$85
$70
$65
$160
In: Accounting
Sand Technologies: Income Statements for Year Ending December 31
(in thousands)
2019 2018
Sales
$945,000 $880,000
Expenses excluding depreciation and amortization
822,150 730,400
EBITDA
$122,850 $149,600
Depreciation and amortization
32,400 31,500
EBIT
$90,450 $118,100
Interest Expense
10,470 8,600
EBT
$79,980 $109,500
Taxes (40%)
31,992 43,800
Net income
$47,988 $65,700
Common dividends
$38,050 $55,390
Addition to retained earnings
$9,938 $10,310
Sand Technologies: December 31 Balance Sheets
(in thousands)
Assets
2019 2018
Cash and cash equivalents
$53,400 $44,685
Short-term investments
8,500 12,450
Accounts Receivable
283,500 275,880
Inventories
141,750 135,000
Total current assets
$487,150 $468,015
Net fixed assets
425,600 401,400
Total assets
$912,750 $869,415
Liabilities and equity
Accounts payable
$94,500 $90,000
Accruals
46,850 42,750
Notes payable
32,362 54,565
Total current liabilities
$173,712 $187,315
Long-term debt
194,500 147,500
Total liabilities
$368,212 $334,815
Common Stock
444,600 444,600
Retained Earnings
99,938 90,000
Total common equity
$544,538 $534,600
Total liabilities and equity
$912,750 $869,415
Key Input Data
Tax rate
40%
NAME: SECTION: FALL
2020
Net operating working capital -- NOWC
2019 NOWC = Operating current
assets - Operating current
liabilities
2019 NOWC = -
2019 NOWC =
2018 NOWC = Operating current
assets - Operating current
liabilities
2018 NOWC = -
2018 NOWC =
Total net operating capital -- OC
2019 OC = NOWC +
Net Fixed assets
2019 OC = +
2019 OC =
2018 OC = NOWC +
Net Fixed assets
2018 OC = +
2018 OC =
Net operating profit after taxes
2019 NOPAT = EBIT
x ( 1 - Tax rate )
2019 NOPAT = x
2019 NOPAT =
Operating Cash Flow (OCF)
2019 OCF= NOPAT +
Depreciation
2019 OCF= +
2019 OCF=
Free cash flow
2019 FCF = NOPAT -
Net investment in operating capital
2019 FCF = -
2019 FCF =
Return on invested capital
2019 ROIC = NOPAT
/ Total net operating capital -- 2019
OC
2019 ROIC = /
2019 ROIC =
Assume that there were 15 million shares outstanding at the end of
the year, the year-end closing stock price was $48.50 per share,
and the after-tax cost of capital was 6%. Calculate EVA and MVA for
the most recent year.
Additional Input Data
Stock price per share $48.50
# of shares (in thousands) 15,000
After-tax cost of capital 6.0%
Market Value Added
MVA = Stock Price x # of
shares - 2019 Total common equity
x
-
MVA =
Economic Value Added
EVA = NOPAT - (Operating
Capital -- 2019 OC x After-tax cost of
capital -- WACC)
-
x
-
EVA =
In: Finance
At the beginning of the year, Grouper Ltd. had 910 units with a
cost of $5 per unit in its beginning inventory. The following
inventory transactions occurred during the month of
January:
| Jan. | 3 | Sold 730 units on account for $10 each. | |
| 9 | Purchased 970 units on account for $6 per unit. | ||
| 15 | Sold 840 units for cash at $9 each. |
Prepare journal entries for these January transactions assuming that Grouper Ltd. uses FIFO under a periodic inventory system. Grouper updates records at month end.
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|
|
Jan. 3 |
|||
|
9 |
|||
|
15 |
|||
|
31 |
In: Accounting