You are a summer intern for a large, reputable sports beverage company. The company is the primary sponsor of an Olympic-distance triathlon in August in Iowa. The company will have a huge exhibit booth at the prerace meal the night before the race, and before, during, and after the event on race day. Your responsibility as an intern is to create a sports nutrition table display to be the centerpiece of the company’s main exhibit area. Describe in detail what the table set-up will look like, the information and activities you will have available for participants, and the main emphasis of your educational message for this athlete population.
In: Nursing
A 7400 kg rocket blasts off vertically from the launch pad with a constant upward acceleration of 2.15 m/s2 and feels no appreciable air resistance. When it has reached a height of 550 m , its engines suddenly fail so that the only force acting on it is now gravity. a)What is the maximum height this rocket will reach above the launch pad? b)How much time after engine failure will elapse before the rocket comes crashing down to the launch pad? c)How fast will it be moving just before it crashes?
In: Physics
Consider the property tax model. Assume that housing supply
curve is upward sloping. Draw the following two diagrams.
1) a diagram showing equilibrium before the property tax on
housing. Indicate equilibrium price, quantity, consumer surplus,
and producer surplus on the diagram.
2) a diagram showing how equilibrium changes due to the property
tax on housing. Specifically, mark the original equilibrium before
tax, the new equilibrium after tax, tax burdens borne by developer
and households, consumer surplus, producer surplus, government tax
revenue, and deadweight loss due to the tax.
In: Economics
A 7800 kg rocket blasts off vertically from the launch pad with a constant upward acceleration of 2.15 m/s2 and feels no appreciable air resistance. When it has reached a height of 575 m , its engines suddenly fail so that the only force acting on it is now gravity. A) What is the maximum height this rocket will reach above the launch pad? b)How much time after engine failure will elapse before the rocket comes crashing down to the launch pad? c)How fast will it be moving just before it crashes?
In: Physics
A 7450 kg rocket blasts off vertically from the launch pad with a constant upward acceleration of 2.25 m/s2 and feels no appreciable air resistance. When it has reached a height of 500 m , its engines suddenly fail so that the only force acting on it is now gravity.
A. What is the maximum height this rocket will reach above the launch pad?
B. How much time after engine failure will elapse before the rocket comes crashing down to the launch pad?
C. How fast will it be moving just before it crashes?
In: Physics
Bonobo’s Balloons Inc. purchased the $60,000 par value bonds of Gnomes R Us on January 1, 2020. The coupon rate is 8% and the bonds mature in 5 years. The market rate of interest is 12%. The bonds pay interest semi-annually every June 30 and December 31. The bonds were purchased for $51,167.90 and were classified as available-for-sale. Bonobo’s Balloons uses the effective-interest rate method to amortize bond discounts and premiums. At December 31, 2020, the market value of the bonds was $65,000. Bonobo’s Balloons sold the bonds on January 1, 2021, for $65,000.
Instructions
Computations:
Carrying value at December 31, 2020:
Interest revenue at June 30, 2020:
Unrealized gain/loss at December 31, 2020:
Gain or loss at January 1, 2021:
Requirement 5:
In: Accounting
Cheyenne Company purchases an oil tanker depot on January 1, 2020, at a cost of $648,500. Cheyenne expects to operate the depot for 10 years, at which time it is legally required to dismantle the depot and remove the underground storage tanks. It is estimated that it will cost $79,920 to dismantle the depot and remove the tanks at the end of the depot’s useful life.
Prepare the journal entries to record the depot and the asset
retirement obligation for the depot on January 1, 2020. Based on an
effective-interest rate of 6%, the present value of the asset
retirement obligation on January 1, 2020, is $44,627.
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|
January 1, 2020 |
|||
|
(To record the depot) |
|||
|
January 1, 2020 |
|||
|
(To record the asset retirement obligation) |
Prepare any journal entries required for the depot and the asset
retirement obligation at December 31, 2020. Cheyenne uses
straight-line depreciation; the estimated salvage value for the
depot is zero.
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|
December 31, 2020 |
|||
|
(To record depreciation for the depot) |
|||
|
December 31, 2020 |
|||
|
(To record depreciation on asset retirement obligation) |
|||
|
December 31, 2020 |
|||
|
(To record interest on asset retirement obligation) |
|
On December 31, 2029, Cheyenne pays a demolition firm to dismantle
the depot and remove the tanks at a price of $84,200. Prepare the
journal entry for the settlement of the asset retirement
obligation.
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|
December 31, 2029 |
|||
In: Accounting
|
Balance Sheets |
2020 |
2019 |
|
Assets |
||
|
Cash and cash equivalents |
$600 |
$495 |
|
Accounts receivable |
$626 |
$525 |
|
Inventories |
$285 |
$240 |
|
Total current assets |
$1,511 |
$1,260 |
|
Net fixed assets |
$1,590 |
$1,470 |
|
Total assets |
$3,101 |
$2,730 |
|
Liabilities and equity |
||
|
Accounts payable |
$248 |
$195 |
|
Accruals |
$195 |
$180 |
|
Notes payable |
$189 |
$195 |
|
Total current liabilities |
$632 |
$570 |
|
Long-term debt |
$356 |
$300 |
|
Total liabilities |
$987 |
$870 |
|
Common stock |
$570 |
$570 |
|
Retained Earnings |
$1,544 |
$1,290 |
|
Total common equity |
$2,114 |
$1,860 |
|
Total liabilities and equity |
$3,101 |
$2,730 |
Use the amounts you calculated for the 2020 income statement as needed.
|
Income Statements |
2020 |
2019 |
|
Sales |
$2,376 |
|
|
Costs+Exp excl. D&A |
$1,782 |
|
|
EBITDA |
$594 |
|
|
Depr. & amort. |
$90 |
|
|
EBIT |
$504 |
|
|
Interest expense |
$60 |
|
|
EBT |
$444 |
|
|
Taxes |
$120 |
|
|
Net Income |
$324 |
1.What is the Cash from Operating Activities in 2020 ($millions)?
2.What is the Cash from Investing Activities in 2020 ($millions)?
3.What are the Dividends in 2020 ($millions)?
4.What is the Net Change in Cash in 2020 ($millions)?
5.Calculate the Free Cash Flow. What is the Change in Net Operating Working Capital in 2020 ($millions)?
6.What is the Free Cash Flow in 2020 ($millions)?
In: Finance
Here are closing share prices (adjusted to include dividends) of 5 companies with past12 months of data and adjusted closing prices for the ASX200 index. Calculate, present and discuss the main summary statistics of monthly returns for each REIT and the overall market index. How does the risk and return characteristics of each REIT compare to the overall market index? Show your analysis process.
| Date | AXJO | GMG | CHC | DXS | MGR | SGP |
| 2019/10/1 | 6663.400 | 14.093 | 10.923 | 11.419 | 3.108 | 4.611 |
| 2019/11/1 | 6846.000 | 14.514 | 10.449 | 11.667 | 3.263 | 4.762 |
| 2019/12/1 | 6684.100 | 13.094 | 10.710 | 11.161 | 3.079 | 4.357 |
| 2020/1/1 | 7017.200 | 14.744 | 12.623 | 12.414 | 3.355 | 4.773 |
| 2020/2/1 | 6441.200 | 14.833 | 12.250 | 11.867 | 3.000 | 4.569 |
| 2020/3/1 | 5076.800 | 11.981 | 6.733 | 8.871 | 2.062 | 2.454 |
| 2020/4/1 | 5522.400 | 13.021 | 7.509 | 8.939 | 2.210 | 2.794 |
| 2020/5/1 | 5755.700 | 15.219 | 9.511 | 8.783 | 2.319 | 3.463 |
| 2020/6/1 | 5897.900 | 14.704 | 9.511 | 8.978 | 2.141 | 3.211 |
| 2020/7/1 | 5927.800 | 16.930 | 10.520 | 8.510 | 2.090 | 3.190 |
| 2020/8/1 | 6060.500 | 18.310 | 12.510 | 8.830 | 2.110 | 3.960 |
| 2020/9/1 | 5815.900 | 17.940 | 12.430 | 8.890 | 2.180 | 3.780 |
In: Finance
Pharoah Company received the following selected information from its pension plan trustee concerning the operation of the company’s defined benefit pension plan for the year ended December 31, 2020.
|
January 1, 2020 |
December 31, 2020 |
||||
| Projected benefit obligation | $1,483,000 | $1,511,000 | |||
| Market-related and fair value of plan assets | 797,000 | 1,130,700 | |||
| Accumulated benefit obligation | 1,583,000 | 1,700,800 | |||
| Accumulated OCI (G/L)—Net gain | 0 | (198,300 | ) | ||
The service cost component of pension expense for employee services
rendered in the current year amounted to $78,000 and the
amortization of prior service cost was $117,800. The company’s
actual funding (contributions) of the plan in 2020 amounted to
$254,000. The expected return on plan assets and the actual rate
were both 10%; the interest/discount (settlement) rate was 10%.
Accumulated other comprehensive income (PSC) had a balance of
$1,178,000 on January 1, 2020. Assume no benefits paid in 2020.
- Determine the amounts of the components of pension expense that should be recognized by the company in 2020. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).
- Prepare the journal entry to record pension expense and the employer’s contribution to the pension plan in 2020
- Indicate the pension-related amounts that would be reported on the income statement partial, comprehensive income statement, and the balance sheet partial for Pharoah Company for the year 2020.
In: Accounting