Questions
Find the second virial coefficient for the Dieterici equation of state p = (RT/V-b) exp (-a/RTV)

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...

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

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...

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:...

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...

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
(Decrease)

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...

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:

  • On 1 July 2016, 182,000 preferred shares were converted to common shares at the rate of 2-for-1.
  • During 2016, Cameron had convertible subordinated debentures outstanding with a face value of $4,160,000. The debentures are due in 2012, at which time they may be converted to common shares or repaid at the option of the holder. The conversion rate is 10 common shares for each $100 debenture. Interest expense of $191,000 was recorded in 2016.
  • The convertible preferred shares had been issued in 2010. Quarterly dividends, on 31 March, 30 June, 30 September, and 31 December, have been regularly declared.
  • The company’s 2016 net earnings were $2,321,000, after tax at 25%. Common shares traded for an average price of $34, stable in each quarter of the year.
  • Cameron had certain employee stock options outstanding all year. The options were to purchase 440,000 common shares at a price of $30 per share. The options become exercisable in 2013.
  • Cameron had another 116,000 employee stock options outstanding on 1 January 2016, at an exercise price of $38. They expired on 30 June 2016

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.)

Individual Effects
Preferred shares, converted
Preferred shares, unconverted
Debentures

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...

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...

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...

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