In a chemical reaction, what is the limiting reactant?

Check all that apply.

Dunder Mifflin will pay its first dividend of $4.35 per share in eight years. They expect to grow the dividend at 10% per year afterward. If you require a return of 18%, what is the most you would be willing to pay for the stock today?

Create a mock merchandising company and demonstrate your knowledge of accrual basis accounting and the double-entry accounting system by creating a minimum of 10 original transactions spanning a period of 3 months (Jan. 1 – Mar. 31) and completing the requirements below. Assume your mock company is a new company that begins operations on Jan. 1^{st .} The transactions should include examples of accruals and deferrals and at least one of each of the following: financing a new business (e.g. issuing stock or borrowing), obtaining assets, incurring liabilities, earning revenue, and incurring expenses.

1. Write a list of at least 10 original transactions spanning a fiscal quarter (e.g. Jan.1 – March 31) and following the guidelines above. The first transaction should be a financing transaction (issue stock or borrow).

2. Journalize each transaction.

3. Post the journal entries to accounts and compute the ending balance (March 31) in each account.

4. Prepare a trial balance from ending account balances.

5. Write a list of at least 5 adjusting entries for the quarter-ended March 31 related to transactions prepared in step 1. Note that adjusting entries do not have an effect on the cash account.

6. Journalize the adjusting entries. Note that adjusting entries do not affect the cash account.

On January 1, 2018, Pine Company owns 40 percent (132,000 shares) of Seacrest, Inc., which it purchased several years ago for $726,000. Since the date of acquisition, the equity method has been properly applied, and the carrying amount of the investment account as of January 1, 2018, is $943,800. Excess patent cost amortization of $39,600 is still being recognized each year. During 2018, Seacrest reports net income of $894,000 and a $396,000 other comprehensive loss, both incurred uniformly throughout the year. No dividends were declared during the year. Pine sold 26,400 shares of Seacrest on August 1, 2018, for $237,989 in cash. However, Pine retains the ability to significantly influence the investee. During the last quarter of 2017, Pine sold $73,000 in inventory (which it had originally purchased for only $43,800) to Seacrest. At the end of that fiscal year, Seacrest's inventory retained $9,800 (at sales price) of this merchandise, which was subsequently sold in the first quarter of 2018. On Pine's financial statements for the year ended December 31, 2018, what income effects would be reported from its ownership in Seacrest? (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)

Equity Income............

Other comprehensive loss.........

Gain of sale on investment..........

1. (a)Your parents are giving you $300 a month for 6 years while you are in college. At a 0.583 percent monthly discount rate, what are these payments worth to you when you first start college?
2. (b)You are scheduled to receive annual payments of $11,000 for each of the next 22 years. Your discount rate is 8 percent. What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year?
3. (c)One year ago, the Jenkins Family Fun Center deposited $3,500 in an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $5,300 to this account. They plan on making a final deposit of $7,500 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a 7 percent rate of return?  
4. (d)Beginning three months from now, you want to be able to withdraw $1,700 each quarter from your bank account to cover college expenses. The account pays .45 percent interest per quarter. How much do you need to have in your account today to meet your expense needs over the next four years?

On January 1, 2018, Pine Company owns 40 percent (40,000 shares) of Seacrest, Inc., which it purchased several years ago for $182,000. Since the date of acquisition, the equity method has been properly applied, and the carrying amount of the investment account as of January 1, 2018, is $293,600. Excess patent cost amortization of $12,000 is still being recognized each year. During 2018, Seacrest reports net income of $342,000 and a $120,000 other comprehensive loss, both incurred uniformly throughout the year. No dividends were declared during the year. Pine sold 8,000 shares of Seacrest on August 1, 2018, for $93,000 in cash. However, Pine retains the ability to significantly influence the investee. During the last quarter of 2017, Pine sold $50,000 in inventory (which it had originally purchased for only $30,000) to Seacrest. At the end of that fiscal year, Seacrest's inventory retained $10,000 (at sales price) of this merchandise, which was subsequently sold in the first quarter of 2018. On Pine's financial statements for the year ended December 31, 2018, what income effects would be reported from its ownership in Seacrest? (Round your answers to the nearest whole dollar.)

Other Comprehensive Loss is what?

Gain on Sale of Investment is what?

Equity Income is what?

On January 1, 2018, Pine Company owns 40 percent (56,000 shares) of Seacrest, Inc., which it purchased several years ago for $312,200. Since the date of acquisition, the equity method has been properly applied, and the carrying amount of the investment account as of January 1, 2018, is $404,600. Excess patent cost amortization of $16,800 is still being recognized each year. During 2018, Seacrest reports net income of $438,000 and a $168,000 other comprehensive loss, both incurred uniformly throughout the year. No dividends were declared during the year. Pine sold 11,200 shares of Seacrest on August 1, 2018, for $133,707 in cash. However, Pine retains the ability to significantly influence the investee. During the last quarter of 2017, Pine sold $54,000 in inventory (which it had originally purchased for only $32,400) to Seacrest. At the end of that fiscal year, Seacrest's inventory retained $16,600 (at sales price) of this merchandise, which was subsequently sold in the first quarter of 2018. On Pine's financial statements for the year ended December 31, 2018, what income effects would be reported from its ownership in Seacrest? (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)

Equity income_____

Other Comprehensive Loss__________

Gain on sale of investment_______

At the end of 2015, Uma Corporation is considering undertaking a major long-term project in an effort to remain competitive in its industry. The production and sales departments have determined the potential annual cash flow savings that could accrue to the firm if it acts soon. Specifically, they estimate that a mixed stream of future cash flow savings will occur at the end of the years 2016 through 2021. The years 2022 through 2026 will see consecutive and equal cash flow savings at the end of each year. The firm estimates that its discount rate over the first 6 years will be 7%. The expected discount rate over the years 2022 through 2026 will be 11%. The project managers will find the project acceptable if it results in present cash flow savings of at least $860,000. The following cash flow savings data are supplied to the finance department for analysis.

a. Determine the value (at the beginning of 2016) of the future cash flow savings expected to be generated by this project.

b. Based solely on the one criterion set by management, should the firm undertake this specific project? Explain

c. What is the "interest rate risk," and how might it influence the recommendation made in part b?

Explain. End of year Cash flow savings

2016 $ 110,000.00

2017 120,000.00

2018 130,000.00

2019 150,000.00

2020 160,000.00

2021 150,000.00

2022 90,000.00

2023 90,000.00

2024 90,000.00

2025 90,000.00

2026 90,000.00

1. It is January 1 2020 and you have recently started a new company, GreenDrone, that produces flying drones for garden maintenance. You are still at the product development stage but would like to evaluate the financial feasibility of the project. Here are some information about the company: - R&D expenditures. In order to develop the drones, you need to hire an engineer for 5 years at an annual salary of $96,000. The salary is paid monthly at the end of the month in equal amounts, i.e. 96,000/12 per month for the first year. To stay competitive, you expect you will have to grow the annual salary at a rate of 3%, starting the next year. The engineer contract starts today, i.e., on January 1 2020. - Production cost. Once the product is developed in 5 years (January 1 2025), you will start the production of your drones. Each product is expected to cost $265 to produce. The cost is to be paid to the supplier at the beginning of a month. - Pricing and sales. You plan to sell the drones for $325 a unit over the next three years, i.e., until January 1 2028. All sales for products produced in a month are collected at the end of the month. The appropriate discount rate r is 5%, annually compounded. Denoting the quantity of drones sold in a month by Q. How many drones do you need to sell per month to make this project profitable (i.e., generate a positive NPV)?

It is January 1 2020 and you have recently started a new company, Green- Drone, that produces flying drones for garden maintenance. You are still at the product development stage but would like to evaluate the financial feasibility of the project. Here are some information about the company:

• - R&D expenditures. In order to develop the drones, you need to hire an engineer for 5 years at an annual salary of $96,000. The salary is paid monthly at the end of the month in equal amounts, i.e. 96,000/12 per month for the first year. To stay competitive, you expect you will have to grow the annual salary at a rate of 3%, starting the next year. The engineer contract starts today, i.e., on January 1 2020.

• - Production cost. Once the product is developed in 5 years (Jan- uary 1 2025), you will start the production of your drones. Each product is expected to cost $265 to produce. The cost is to be paid to the supplier at the beginning of a month.

• - Pricing and sales. You plan to sell the drones for $325 a unit over the next three years, i.e., until January 1 2028. All sales for products produced in a month are collected at the end of the month.

  The appropriate discount rate r is 5%, annually compounded. Denoting the quantity of drones sold in a month by Q. How many drones do you need to sell per month to make this project profitable (i.e., generate a positive NPV)?