Find the second virial coefficient for the Dieterici equation of state
p = (RT/V-b) exp (-a/RTV)
In: Chemistry
An AC generator with an output rms voltage of 18 V at a frequency of 60 Hz is connected across a 3
In: Physics
Describe the symptomology of AUD (per current DSM-V criteria) and distinguish it from normal alcohol use
In: Psychology
Research Dothard v. Rawlinson and discuss the decision by the U.S. Supreme Court. Do you agree with their reasoning?
In: Psychology
The cash flow statements for retailing giant BigBox, Inc. spanning the period 2013–2016 are found here: . Answer the following questions using the information found in these statements:
a. Did BigBox generate positive cash flow from its operations?
b. How much did BigBox invest in new capital expenditures over the period?
c. Describe BigBox's sources of financing in the financial markets over the period.
d. Based solely on the cash flow statements for 2013 through 2016, write a brief narrative that describes the major activities of BigBox's management team over the period.
a. Did BigBox generate positive cash flow from its operations? (Select the best choice below.)
A. BigBox has generated positive cash flow from its operations during the years 2013, 2014, 2015, and 2016.
B. BigBox has generated positive cash flow from its operations during the years 2013, 2015, and 2016.
C. BigBox has generated positive cash flow from its operations during the years 2014, 2015, and 2016.
D. BigBox has generated positive cash flow from its operations during the years 2013, 2014, and 2016.
|
(US$ millions) |
12/31/2016 |
12/31/2015 |
12/31/2014 |
12/31/2013 |
|
|
Net income |
$13,010 |
$12,020 |
$11,100 |
$10,060 |
|
|
Depreciation expense |
6,540 |
6,250 |
5,050 |
3,960 |
|
|
Changes in working capital |
1,230 |
2,300 |
2,440 |
1,020 |
|
|
Cash from operating activities |
$20,780 |
$20,570 |
$18,590 |
$15,040 |
|
|
Capital expenditures |
$(15,990) |
$(14,540) |
$(13,980) |
$(12,350) |
|
|
Cash from investing activities |
$(15,990) |
$(14,540) |
$(13,980) |
$(12,350) |
|
|
Interest and financing cash flow items |
$(370) |
$(290) |
$(300) |
$110 |
|
|
Total cash dividends paid |
(3,610) |
(2,770) |
(2,450) |
(2,150) |
|
|
Issuance (retirement) of stock |
(8,000) |
(1,540) |
(3,640) |
(4,520) |
|
|
Issuance (retirement) of debt |
1,490 |
(140) |
3,950 |
4,050 |
|
|
Cash from financing activities |
$(10,490) |
$(4,740) |
$(2,440) |
$(2,510) |
|
|
Net change in cash |
$(5,700) |
$1,290 |
$2,170 |
$180 |
In: Finance
Direct and Indirect Methods
Dauve Company reported the following condensed income statement for 2016:
|
Sales |
$100,000 |
|||
|
Cost of goods sold |
(58,000) |
|||
|
Gross profit |
$42,000 |
|||
|
Operating expenses: |
||||
|
Depreciation expense |
$8,000 |
|||
|
Salaries expense |
12,000 |
(20,000) |
||
|
Income before income taxes |
$22,000 |
|||
|
Income tax expense |
(6,600) |
|||
|
Net income |
$15,400 |
During 2016, the following changes occurred in the company's current assets and current liabilities:
|
Increase |
||
|
Cash |
$3,700 |
|
|
Accounts receivable |
(5,500) |
|
|
Inventories |
8,900 |
|
|
Accounts payable (purchases) |
(4,600) |
|
|
Salaries payable |
2,800 |
Required:
1. By visual inspection, prepare the net cash flow from the operating activities section of Dauve's 2016 statement of cash flows using the indirect method. Use a minus sign to indicate cash outflows or decreases in cash.
Required:
1. By visual inspection, prepare the net cash flow from the operating activities section of Dauve's 2016 statement of cash flows using the indirect method. Use a minus sign to indicate cash outflows or decreases in cash.
|
DAUVE COMPANY |
||
|
Statement of Cash Flows (Partial) |
||
|
For Year Ended December 31, 2016 |
||
|
Operating Activities: |
||
|
Net income |
$ |
|
|
Adjustment for noncash income items: |
||
|
Add: Depreciation expense |
||
|
Adjustments for cash flow effects from working capital items: |
||
|
Decrease in accounts receivable |
||
|
Increase in inventory |
||
|
Decrease in accounts payable |
||
|
Increase in salaries payable |
||
|
Net cash provided by operating activities |
$ |
|
2. By visual inspection, prepare the net cash flow from the operating activities section of Dauve's 2016 statement of cash flows using the direct method. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments.
|
DAUVE COMPANY |
||
|
Statement of Cash Flows (Partial) |
||
|
For Year Ended December 31, 2016 |
||
|
Operating Activities: |
||
|
Cash Inflows: |
||
|
Cash received from customers |
$ |
|
|
Cash inflows from operating activities |
$ |
|
|
Cash Outflows: |
||
|
Cash paid to suppliers |
$ |
|
|
Cash paid to employees |
||
|
Cash paid for income taxes |
||
|
Cash outflows for operating activities |
||
|
Net cash provided by operating activities |
$ |
|
In: Accounting
The shareholders’ equity of Cameron Corp. as of 31 December 2016, the end of the current fiscal year, is as follows:
$1 cumulative preferred shares, no-par, convertible at the rate of 2-for-1; 270,000 shares outstanding $9,166,000
Common shares, no-par; 1,900,000 shares outstanding 16,600,000
Common stock conversion rights 247,000 Retained earnings 30,760,000
Additional information:
Required:
1. Calculate the basic Earning Per Share. (Do not round
intermediate calculations. Round your answer to 2
decimal places.)
2. Calculate the Individual effects for preferred shares (converted), preferred shares, (unconverted) and debentures. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
|
3. Calculate the Diluted Earning Per Share. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
In: Accounting
Wallace Printing prints weekly advertisements for 15 customers. For 2016, Wallace budgeted $1,000,000 of manufacturing overhead cost and 20 million pages printed.
For 2016 Wallace Printing decided to evaluate the use of additional cost pools. After analyzing manufacturing overhead costs, it was determined that number of design changes, setups, and inspections are the primary manufacturing overhead cost drivers. The following information was gathered during the analysis:
Cost pool Manufacturing overhead costs Activity level
Design changes $360,000 300 design changes
Setups 600,000 4,000 setups
Inspections 40,000 1,000 inspections
Total overhead costs $1,000,000
During 2016, two of Wallace’s customers, Wealth Managers and Health Systems, used the following printing services:
Activity Wealth Managers Health Systems
Pages 100,000 125,000
Design changes 1 25
Setups 25 30
Inspections 4 15
Wallace Printing charges its customers $0.10 per page printed and uses normal costing. Total direct costs are $0.04 per page printed.
a. Suppose Wallace considers manufacturing overhead costs as one cost pool and allocates overhead based on the number of pages printed. What is the overhead allocation rate?
b. Using the allocation rate determined in the previous question, what is the manufacturing overhead cost allocated to Health Systems for 2016?
c. If Wallace considers manufacturing overhead costs as one cost pool and allocates overhead based on the number of pages printed, what profit (loss) does Wallace earn from Health Systems for 2016?
d. Now suppose Wallace uses activity cost pools. What is the allocation (activity) rate for the inspections cost pool?
e. If Wallace allocates manufacturing overhead costs using activity cost pools, what is the manufacturing overhead allocation for Wealth Managers during 2016?
f. If manufacturing overhead costs are allocated using activity cost pools, what profit (loss) does Wallace Printing earn from Wealth Managers during 2016?
In: Accounting
The table below lists the prices and quantities consumed of
three different goods from 2014−2016.
| 2014 | 2015 | 2016 | ||||
| Good | Price ($) | Quantity | Price ($) | Quantity | Price ($) | Quantity |
| A | 12 | 8 | 16 | 6 | 18 | 5 |
| B | 5 | 18 | 3 | 30 | 4 | 25 |
| C | 1 | 10 | 2 | 5 | 5 | 10 |
a. For 2014, 2015, and 2016, determine the amount that a typical
consumer pays each year to purchase the quantities listed in the
table above.
Instructions: Round your answers to the nearest
whole number.
| 2014 | 2015 | 2016 | |
| Consumer expenditure | $ | $ | $ |
Instructions: Round your answers to two decimal
places.
b. The percentage change in the amount the consumer paid
is % from 2014 to 2015 and % from 2015 to
2016.
c. It is problematic to use your answers to part b as a measure of
inflation because (Click to select) only
income is changing both price and consumption are
changing only consumption is changing only
price is changing .
Instructions: Round your answers to two decimal
places.
d. Suppose we take 2014 as the base year, which implies that the
market basket is fixed at 2014 consumption levels. Using 2014
consumption levels, the rate of inflation is % from 2014 to 2015
and % from 2015 to 2016. (Hint: First calculate
the cost of the 2014 market basket using each year's prices and
then find the percentage change in the cost of the basket.)
Instructions: Round your answers to two decimal
places.
e. Repeat the exercise from part d, now assuming that the base year
is 2015. Using 2015 consumption levels, the rate of inflation
is % from 2014 to 2015 and % from 2015 to
2016. (Hint: First calculate the cost of the 2015 market
basket using each year's prices and then find the percentage change
in the cost of the basket.)
f. Your answers from parts d and e were different
because (Click to select) the base years have
the same consumption quantities income has
changed the base years put different weights on the
goods prices have changed
In: Economics
Lopez Company acquires 100% of the stock of Santiago Corporation on January 1, 2016, for $2,280,000 cash. As of that date, Santiago had the following account balances:
| Book Value | Fair Value | ||
| Cash | $ 220,000.00 | $ 220,000.00 | |
| Accounts Receivable | $ 360,000.00 | $ 360,000.00 | |
| Inventory | $ 480,000.00 | $ 540,000.00 | |
| Building-net (10 yr life) | $ 900,000.00 | $ 720,000.00 | |
| Equipment-net (5 yr life) | $ 600,000.00 | $ 750,000.00 | |
| Land | $ 540,000.00 | $ 780,000.00 | |
| Accounts Payable | $ 240,000.00 | $ 240,000.00 | |
| Bonds Payable ($500,000 face value) | $ 1,000,000.00 | (due 12/31/19) | $ 1,020,000.00 |
| Common Stock | $ 600,000.00 | ||
| Additional Paid-in Capital | $ 360,000.00 | ||
| Retained Earnings | $ 900,000.00 |
In 2016 and 2017, Santiago had net income of $100,000 and 108,000, respectively. In addition, Santiago paid dividends of $27,000 in both years. Inventory is assumed to be sold in 2016.
1. What was the amount of excess of acquisition price over book value of Santiago's net assets?
2. What is the amount of goodwill at the date of acquisition?
3. What amount of inventory would be added to the parent's inventory balance to get consolidated inventory at the date of acquisition?
4. What amount of Santiago’s building would be included on the consolidated balance sheet at December 31, 2016?
5. What amount of Santiago’s equipment would be included on the consolidated balance sheet at December 31, 2016?
6. Compute the AAP amortization for 2016.
7. What amount of Santiago's Bonds Payable would appear on the consolidated balance sheet on December 31, 2016?
8. What amount of Santiago's building would be included on the consolidated balance sheet at December 31, 2017?
9. What amount of Santiago's equipment would be included on the consolidated balance sheet at December 31, 2017?
10. What amount of Santiago's land would be included on the consolidated balance sheet at December 31, 2017?
11. What amount of Santiago’s Bonds Payable would be included on the consolidated balance sheet at December 31, 2017?
12. Compute the AAP amortization for 2017.
13. What amount of Santiago's stockholders' equity will be included in the consolidated balance sheet at the date of acquisition?
In: Accounting