At year-end 2016, Wallace Landscaping’s total assets were $1.6 million, and its accounts payable were $330,000. Sales, which in 2016 were $2.9 million, are expected to increase by 25% 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 $480,000 in 2016, and retained earnings were $255,000. Wallace has arranged to sell $200,000 of new common stock in 2017 to meet 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 net profit margin on sales is 4%, and 45% of earnings will be paid out as dividends.

What was Wallace's total long-term debt in 2016? Do not round intermediate calculations. Round your answer to the nearest dollar.

What were Wallace's total liabilities in 2016? Do not round intermediate calculations. Round your answer to the nearest dollar.

How much new long-term debt financing will be needed in 2017? (Hint: AFN - New stock = New long-term debt.) Do not round intermediate calculations. Round your answer to the nearest dollar.

Long-Term Financing Needed

At year-end 2016, Wallace Landscaping’s total assets were $1.9 million, and its accounts payable were $405,000. Sales, which in 2016 were $3.0 million, are expected to increase by 30% 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 $440,000 in 2016, and retained earnings were $220,000. Wallace has arranged to sell $75,000 of new common stock in 2017 to meet 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 net profit margin on sales is 7%, and 45% of earnings will be paid out as dividends.

What was Wallace's total long-term debt in 2016? Do not round intermediate calculations. Round your answer to the nearest dollar. $

What were Wallace's total liabilities in 2016? Do not round intermediate calculations. Round your answer to the nearest dollar. $

How much new long-term debt financing will be needed in 2017? (Hint: AFN - New stock = New long-term debt.) Do not round intermediate calculations. Round your answer to the nearest dollar. $

Raleigh Department Store uses the conventional retail method for the year ended December 31, 2016. Available information follows:

1. The inventory at January 1, 2016, had a retail value of $37,000 and a cost of $30,090 based on the conventional retail method.
2. Transactions during 2016 were as follows:

Sales to employees are recorded net of discounts.

3. The retail value of the December 31, 2017, inventory was $68,850, the cost-to-retail percentage for 2017 under the LIFO retail method was 70%, and the appropriate price index was 102% of the January 1, 2017, price level.
4. The retail value of the December 31, 2018, inventory was $40,950, the cost-to-retail percentage for 2018 under the LIFO retail method was 69%, and the appropriate price index was 105% of the January 1, 2017, price level.

Required:
1. Estimate ending inventory for 2016 using the conventional retail method.
2. Estimate ending inventory for 2016 assuming Raleigh Department Store used the LIFO retail method.
3. Assume Raleigh Department Store adopts the dollar-value LIFO retail method on January 1, 2017. Estimating ending inventory for 2017 and 2018.

Long-Term Financing Needed

At year-end 2016, Wallace Landscaping’s total assets were $1.7 million, and its accounts payable were $345,000. Sales, which in 2016 were $2.9 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 $450,000 in 2016, and retained earnings were $290,000. Wallace has arranged to sell $60,000 of new common stock in 2017 to meet 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 net profit margin on sales is 4%, and 45% of earnings will be paid out as dividends.

1. What was Wallace's total long-term debt in 2016? Do not round intermediate calculations. Round your answer to the nearest dollar.
   $
   What were Wallace's total liabilities in 2016? Do not round intermediate calculations. Round your answer to the nearest dollar.
   $
   
2. How much new long-term debt financing will be needed in 2017? (Hint: AFN - New stock = New long-term debt.) Do not round intermediate calculations. Round your answer to the nearest dollar.
   $

using c language:

Add two vectors of doubles. Name this function vect_add(). Subtract two vectors of doubles. Name this function vect_sub(). Multiplies element by element two vectors. Name this function vect_prod(). Compute and return the dot product of two vectors. Name this function vect_dot_prod(). The dot product operation is the result of taking two vectors(single dimension arrays) and multiplying corresponding element by element and then adding up the sum of all the products. For example, if I have 2 vectors of length 3 that have the following values {l, 2, 3} and {3, 2, l} the dot product of these two vectors is: 1*3+2*2+3*1 = 10 Compute and return the mean of a single vector. Name this function vect_mean(). Compute and return the median of a single vector. Name this function vect_median(). First sort the array. If the length of the sorted array is odd, then the median is the middle element. If the length is odd, the median is the average of the middle two elements. Compute and return the maximum element of a vector. Name this function vect_max(). Compute and return the minimum element of a vector. Name this function vect_min(). Write a function that reverses the elements in a given array. This function will change the original array, passed by reference. Name this function vect_reverse().

V & T Faces, Inc., is a makeup company. They currently produce small plastic containers used to provide samples of the products. Management is interested in outsourcing the production of the plastic containers to a reputable manufacturing company that can supply the containers for $0.04 each. V & T Faces, Inc., incurs the following monthly production costs to produce 1,000,000 plastic containers internally:

If production is outsourced, all variable production costs and 70 percent of fixed production costs will be eliminated.

Required:

Perform differential analysis. Assume making the containers internally is Alternative 1 and buying the containers from an outside manufacturer is Alternative 2.

• Which alternative is best? Explain.
• Summarize the result of outsourcing production of the containers.
• Assume all the facts of this problem remain the same. However, management of V & T Faces, Inc., has an opportunity to lease the space it currently uses to produce containers for $4,000 per month if production of the containers is outsourced. Determine if V & T Faces, Inc., would be better off outsourcing production.
• Identify at least one qualitative factor that should be considered before management decides to outsource production of the containers.

A) Relying STRICTLY on our classroom discussion: the US corporate tax rate was recently reduced from 35% to 21%. In the near future, would you expect the target (optimal) D/V ratios of US companies to increase or decrease as the result of this change? (2-3 sentences)

B) What LEGISLATIVE change (i.e. a law or a regulation), if adopted, would most likely cause the target (optimal) D/V ratios of US companies to move in the OPPOSITE direction compared to the one you predicted in part (A)? (2-3 sentences)

C) Relying STRICTLY on our classroom discussion: Assume US personal tax rates on capital gains will be reduced next month. In the near future, would you expect the propensity to pay dividends among US companies to increase or decrease as the result of this change? (2-3 sentences)

D) The need for financial flexibility is sometimes used as explanation for the tendency of US firms to utilize LOWER D/V ratios compared to the (optimal) target ratios based on the trade-off between tax benefits and distress- or agency-related drawbacks associated with debt financing. Give one argument for why the need for financial flexibility is likely NOT the reason for relatively low D/V ratio utilized by Walmart. (2-3 sentences)

You have recently commenced work for the Australian taxation division of YE International LLP an international accounting partnership. A partner in the Houston Texas office has contacted you and stated that one of his clients has a partly owned subsidiary in Australia that has asked him questions about four Australian Tax law cases, and accordingly he has told them that he would obtain an analysis of the cases. He is accordingly requesting you to provide the analysis for him to pass to the client. The cases are:

1^st Tax Case: SNF (Australia) Pty Ltd v FC of T (2011) 193 FCR 149                                               

2^nd Tax Case: Resource Capital Fund IV LP v Commissioner of Taxation [2019] FCAFC 51      

3^rd Tax Case: Burton v Commissioner of Taxation [2019] FCAFC 141.                                          

4^thTax Case: Chevron Australia Holdings Pty Ltd (CAHPL) v Commissioner of Taxation [2017] FCAFC 62

In providing your analysis, the following 5 points must be addressed:

1^st The arguments and Facts of the case.

2^nd What did the taxpayer say?

3^rd What was the main issue?

4^th What was the Commissioner’s argument?

5^th What did the Judges say?

In your answer refer to Legislation, ATO and OECD Material.

James has just jumped out of an airplane. After he opens his parachute he experiences 2 forces: the constant force of gravity, and a wind drag that is proportional to his velocity. His height may therefore follow the equation: d²h/dt² = -9.8 - 2(dh/dt). As a second-order differential equation, this is not technically solvable by separation of variables. However, because the variable h appears only in its derivatives, we can turn this into a first-order equation, and solve that by separation.

a) Letting v = dh/dt, rewrite the above equation as a first-order differential equation in v.

b) Your equation in part a suggests that there is one velocity for which dv/dt = 0. What is this velocity?

c) Solve your equation using separation of variables. Your solution should contain an arbitrary constant: call it C₁.

d) Calculate lim t to infinite v(t) and use it to describe what is physically happening to James after he's been in the air for a long time.

e) Now that you have a velocity function v(t), integrate it with respect to t to find a position function h(t). This will introduce a second constant C₂.

f) Suppose James begins at a height of 3000m with no initial velocity, what is his height 3s later?

// Programmer:
// Date:
// The Saurian class has the ability to translate English to Saurian
// and Saurian to English

public class Saurian
{
   // data

   // constants used for translating
   // note M = M and m = m so M and m are not needed
   public static final char[] ENGLISHARR = {'A','B','C','D','E','F','G','H','I','J','K','L','N','O','P','Q','R','S','T','U','V','W','X','Y','Z','a','b','c','d','e','f','g','h','i','j','k','l','n','o','p','q','r','s','t','u','v','w','x','y','z'};
   public static final char[] SAURIANARR = {'U','R','S','T','O','V','W','X','A','Z','B','C','D','E','F','G','H','J','K','I','L','N','P','O','Q','u','r','s','t','o','v','w','x','a','z','b','c','d','e','f','g','h','j','k','i','l','n','p','o','q'};
   public static final int ARRLENGTH = ENGLISHARR.length;   // should be the same length for ENGLISHARR and SAURIANARR

}