Analyze the following common size income statements for 3T Company:
|
2015 |
2014 |
|
|
Net sales |
100% |
100% |
|
COGS |
89 |
87 |
|
Gross margin |
11% |
13% |
|
Selling, general and administrative |
7 |
9 |
|
Restructuring, asset impairments and other charges |
0 |
9 |
|
Income/(loss) from operations |
4% |
(5)% |
|
Interest expense |
(1) |
(2) |
|
Income/(loss) before taxes |
3% |
(7%) |
|
Provision for/(benefit from) income taxes |
1 |
0 |
|
Income/(loss) after taxes |
2% |
(7)% |
|
Discontinued operations, net |
6 |
1 |
|
Net income (loss) |
8% |
(6)% |
In: Finance
Determine the [H3O+] and [OH-] for the following:
A 100 mL solution of .400 M Sodium Acetate (NaOAc) mixed with 100 ml of .400 M HCl.
In: Chemistry
True or False?
|
16 |
Year-end #1: Sales 200 with Cash 100 = + long-term debt 100 + capital stock 100 + opening retained earnings 0 + net income 50 + accounts payable 100 – accounts receivable 100 – inventory 50 - fixed assets 100. Year-end #2: Sales 400 with Cash 100 = + long-term debt 200 + capital stock 100 + opening retained earnings 50 + net income 50 + accounts payable 200 – accounts receivable 100 – inventory 100 - fixed assets 300. The company pays dividends instead of investing cash in its business. |
||
|
17 |
The situation in question 16 means the sales increase was not profitable because Cash remained the same in Year-end #2. |
||
|
18 |
The situation in question 16 indicates the firm’s long-term debt to equity improved in the Year-end #2. |
||
|
19 |
Year-end #1: Sales 200 with Cash 100 = + long-term debt 100 + capital stock 100 + opening retained earnings 0 + net income 50 + accounts payable 100 – accounts receivable 100 – inventory 50 - fixed assets 100. Year-end #2: Sales 400 with Cash 100 = + long-term debt 200 + capital stock 100 + opening retained earnings 50 + net income 50 + accounts payable 200 – accounts receivable 100 – inventory 100 - fixed assets 300. The company uses profits to fund fixed assets. |
||
|
20 |
Maintaining a current ratio is a negative covenant. |
In: Accounting
Mr. Sudarshan has inherited the following securities:
1. 100 bonds - 11% bonds of Rs.100 each, maturing after 5 years at
par
2. 100 bonds- 13% bonds of Rs.100 each, maturing at par after 4
years
3. 200 Equity shares of XYZ Ltd., face value Rs.100 XYZ Ltd.
Pays a dividend of 20% on equity shares and the dividend rate is
expected to remain the same. Mr. Sudarshan would like to know the
total value of the inherited securities. He considers a discount
rate of 12% for bonds and 15% for equity appropriate.
In: Finance
Address the following topic in 100-150 words. Snakes began evolving 100 million years ago as terrestrial, 4-limbed lizards. Hind- and forelimb structures disappeared over millions of years, except for a few python and boa species today that still have vestiges of internal skeletal limb structures but no legs. How would an evolutionary biologist explain how lizards evolved into limbless snakes?
In: Biology
In a test of
Upper H 0H0:
muμequals=100
against
Upper H Subscript aHa:
muμnot equals≠100,
the sample data yielded the test statistic
z equals 1.87z=1.87.
Find the
Upper PP-value
for the test.
P equals=???
(Round to four decimal places as needed.)
In: Statistics and Probability
Both projects required rate of return is 10%. Year Project X Project Y 0 -100 -100 1 50 20 2 30 40 3 30 40 4 30 50 5 -10 -9 A) Calculate the NPV both projects. If they are mutually exclusive, which project would you pick? B) Calculate the MIRR of both projects using the combo method and determine which project you would pick based solely on MIRR. C) Calculate the cross-over rate
In: Finance
1. Meaning of Negotiation (100 words)
2. Negotiation stages (200 words)
3. Advantages of Negotiation (100 words)
4. Conclusion (50 words)
.
Note: Plagiarism is strictly prohibited please do not copy paste from internet please i need unique answer
In: Operations Management
P11-1A DeLong Corporation was organized on January 1, 2019. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.
Jan. 10 Issued 80,000 shares of common stock for cash at $4 per share.
Mar. 1 Issued 5,000 shares of preferred stock for cash at $105 per share.
Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $85,000.
May. 1 Issued 80,000 shares of common stock for cash at $4.50 per share.
Aug 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $30,000 for services performed in helping the company organize.
Sept 1 Issued 10,000 shares of common stock for cash at $5 per share.
Nov. 1 Issued 1,000 shares of preferred stock for cash at $109 per share..
Instructions
(a) Journalize the transactions.
(b) Post to the stockholders' equity accounts. (Use T-accounts.)
(c) Prepare the paid-in capital section of stockholders' equity at December 31, 2019.
(c) Total paid-in capital $1,479,000
Journalize and post treasury stock transactions, and prepare stockholders' equity section.
In: Accounting
1.
Bond Investment Transactions
Journalize the entries to record the following selected bond investment transactions for Starks Products:
For a compound transaction, if an amount box does not require an entry, leave it blank.
a. Purchased for cash $90,000 of Iceline, Inc. 8% bonds at 100 plus accrued interest of $1,200, paying interest semiannually.
| Investments-Iceline, Inc. Bonds | |||
| Interest Receivable | |||
| Cash |
b. Received first semiannual interest payment.
| Cash | |||
| Interest Receivable | |||
| Interest Revenue |
c. Sold $60,000 of the bonds at 103 plus accrued interest of $680.
| Cash | |||
| Interest Revenue | |||
| Gain on Sale of Investments | |||
| Investments-Iceline, Inc. Bonds |
2.
Stock Investment Transactions
On September 12, 2,700 shares of Aspen Company are acquired at a price of $32.00 per share plus a $135 brokerage commission. On October 15, a $0.80-per-share dividend was received on the Aspen Company stock. On November 10, 1,080.00 shares of the Aspen Company stock were sold for $27 per share less a $54 brokerage commission.
When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank.
Prepare the journal entries for the original purchase, the dividend, and the sale under the cost method.
| Sept. 12 | |||
| Oct. 15 | |||
| Nov. 10 | |||
In: Accounting