Operating cash flow.??Find the operating cash flow for the year for Harper? Brothers, Inc. if it had sales revenue of $308,600,000?, cost of goods sold of $135,600,000?, sales and administrative costs of $39,300,000?, depreciation expense of $65,700,000?, and a tax rate of 40%.

1. Last week oil prices, which are determined by the market and not individual producers, became negative. Graphically show what happened to the demand curve, marginal revenue curve, and profits/losses of an individual oil producing firm. Please label everything.

What section of the cash flow statement sheet (operating, investing, financing) does each of the following belong to and why?

A) Interest Expense

B) Interest Revenue

C) Dividends received from investments

D) Dividends declared and paid to stockholders

11. Abigail and Burton (unrelated individuals) own 50 shares each of the No Exit Corporation. There are no other outstanding shares. If Abigail redeems 25 shares, will the redemption qualify as a substantially disproportionate redemption? Explain. Attach Internal Revenue Code Section

We know that a profit maximizing firm will hire workers as long as those workers generate enough revenue to cover their wages.   Why might a firm decide to pay an efficiency wage to workers?   You should provide at least 2 reasons.

Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data given below is from the firm’s worksheet for the year ended December 31, 2019.

Required:

Prepare a classified income statement for the year ended December 31, 2019. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses.

Prepare a statement of owner’s equity for the year ended December 31, 2019. No additional investments were made during the period.

Prepare a classified balance sheet as of December 31, 2019. The mortgage payable extends for more than a year.

Analyze:
What is the current ratio for this business?

Required 1

Required 2

Required 3

Analyze

Prepare a classified income statement for the year ended December 31, 2019. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses.

Part I.

• You have been provided check figures.
• In good form, prepare a multiple step income statement, statement of retained earnings, and classified balance sheet. Include Earnings Per Share on the Income Statement. You must use Excel.
• In Excel, use the Bottom Border function, not the Underline function. Also, use the Accounting format for cells, not Currency. However, do not show decimal places. Nobody is counting pennies. Refer to 211 regarding the placement of $, underlining and double underlining.
• Show Accumulated Depreciation and Allowance for Bad Debts (and other similar lines) on the appropriate financial statement (don’t just show the net amount)

Check Figures: income from operations $299,600 net income $232,120; total assets $1,181,800; taxes payable $99,480.

Part II

• In good form, prepare common-size financial statements (balance sheet and income statement).
• You must use Excel. Duplicate the tab you have from Part I and add a column to the right of the original numbers.
• Don’t change the Balance Sheet & Income Statement to one column, don’t remove the indents, and don’t remove the subheadings.
• Sales (not net sales) are 100% on the Income Statement. The Balance Sheet (Assets are 100%) is usually easier; start with it. When you are finished, you should add up all of the percentages (excluding subtotals) and they will equal 100% (assets if on the BS, sales if on the IS).
• If you are using Excel and you enter a formula and drag it down, keep in mind you have two columns of information. You may need to change the formula in certain cells to pick up the correct numerator. Carry your percentage out to at least one decimal place.
• The items you subtracted from Sales to arrive at NI should be positive percentages. Items you added in the income statement (excluding Sales) should be negative numbers (shown in parentheses).

Smith, Inc.

Adjusted Trial Balance

Seeking two individual responses to the following posts below.

Discussion Question:

Empirical social science research must remain value free. This position is practical and preserves the objectivity of the social sciences (Ciaffa, 1998). Explain your understanding of the above statement using examples from your specific area of social science specialization

Post #1:

The above statement in my view, highlights that the research of social science, should be conducted without the inclination of the researcher’s own values (such as personal, political and or religious) beliefs, interfering with the research process. In essence the research should be evidential based and factual. For example if Psychologist have to make a diagnosis the diagnosing they would have to examine the signs and the symptoms exhibited by the patient to derive at the prognosis. That prognosis must be based on the studies conducted whereby the relevant evidence is obtained to substantiate such prognosis and hence, the methods of treatment can be administered. The conclusion arrived at as the result of inquiry and investigation should be independent of race, culture, colour, occupation, religion and political predisposition of the investigation. If the Psychologist is expected to be truly objective, then it must be independent of any subjective elements or any personal desire that the Psychologist may have. Neuman (2014) highlights a number of characteristics associated with positivism, one of which is that, Social Science should be value-free and objective. Being objective is to uncover truths about the world. To uncover the truth about the world, one must aspire to eliminate personal biases, prior beliefs, and emotional and personal involvement. This could be done through quantitative data, which is not subjective, such as using official statistics. These are usually analyzed to discern patterns and establish causation. (Notes) Having read (Ciaffa, 1998) and Max Weber cited in (Coser, 1977) (Max Webers Concept of value Free Research) I came to the conclusion that in order for sociology to make a significant contribution to society, it need to be free from personal opinions, experience and biasness, otherwise it is unlikely to be taken seriously or have an impact on society or social policy.

Post #2

Empirical research is defined as any research where conclusions of the study is strictly drawn from concretely empirical evidence, and therefore “verifiable” evidence (Bhat, n.d.). Thus empirical research is based on observed and measured phenomena and derives knowledge from actual experience rather than from theory or belief. (Penn State Library, 2020). Considering the nature of psychology, which is the study of the mind and how it influences behavior, value-freedom is critical but I am not certain that it is attainable. Bierstedt, cited by Haralambos & Holburn (1991 p.948) posits that objectivity means that the conclusions arrived at as the result of inquiry and investigation are independent of the race, color, creed, occupation, nationality, religion, moral preference, and political predisposition of the investigator. That is to say that, if we are to arrive at the truth, then we must divorce those preconceived notion that we hold dear. It is difficult, as humans, to hold unbiased views on issues we feel strongly about. Even in the face of evidence, that contradicts our view, we steadfastly hold on, as if the evidence were irrelevant, and we, incapable of being objective
For the past two months at least, we have been bombarded with scenes of racial injustice pervasive in the United States and indeed the around the world. For example, as a black psychologists, I may want to find out whether these injustices had an effect on black children’s sense of safety. I remember watching a video of a black child playing basketball in his yard and hiding behind his parents vehicle when he saw an approaching police car. Straight away, I have already formed a judgement, because of the child’s reaction, and my own adverse reaction to the many instances of racial injustice that I have seen. Yet, the statement, is requiring, that for my research to be taken seriously, I must put my aside my blackness and all other factors that may adversely affect the outcome of my research. Although I see the critical need for objectivity, I question to what extent researchers can truly divorce themselves from the study.