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.
   $

Demonstrate 1NF Normalization Techniques

Procedure

Bring the following table structure to first normal form and explain the errors in the current structure. Your submission can be drawn in Word or hand drawn and attached to your submission. Be sure to write out your explanation of the errors in the normal form.

University

Demonstrate 2NF Normalization Techniques

Procedure

Bring the following table structure to second normal form and explain the errors in the current structure. Your submission can be drawn in Word or hand drawn and attached to your submission. Be sure to write out your explanation of the errors in the normal form.

Courses

• Demonstrate 3NF Normalization Techniques

Procedure

Bring the following table structure to third normal form and explain the errors in the current structure. Your submission can be drawn in Word or hand drawn and attached to your submission. Be sure to write out your explanation of the errors in the normal form.

The RAND Health Insurance Experiment found that inpatient and outpatient care were complements. What implications does this have regarding the potential for saving money by increasing coverage for outpatient care?

According to the Oregon Health Insurance Experiment, what occurs to the supply and demand of health care services in the ER setting when everyone who needs Medicaid receives it (moral hazard)?

Starch is a very large molecule made up of many glucose molecules bonded together. Does this help explain the results of this experiment? Explain how.

dialysis tubing with starch and glucose

does background radiation affect rate constant and impact the order of the reaction? so if the background radiation was recorded as a large number would it affect the rate constant and order of the reaction in an experiment?

In an experiment, 8.9 g of steam at 100.0 oC is pumped into an aluminum caloroimeter with a mass of 106 g. It contains 239.7 g of water at 17.8 oC. What is the equilibrium temperature of the system?

Part 1: Explain possible limitations of a calorimeter, and how you can overcome these limitations.

Part 2: Design an experiment to calculate the energy contained in 5 grams of potato chips.