1) From Adobe System Incorporation 10K form, Locate the company's balance sheet. Give the company's accounting equation at the end of the most recent year and at the end of the prior year?
https://wwwimages2.adobe.com/content/dam/acom/en/investor-relations/pdfs/ADBE-10K-FY17-FINAL-CERTIFIED.pdf
Recent year: ______=______+_____
Prior Year: _______=_______+______
2) Calculate the company's current ratio for both most recent year and prior year?
2) b. Explain what the information provides and what the results mean?
3) Calculate the company's debt to total ratio for both most recent year and prior year?
3)b. Explain what the information provides and what the results mean?
4) Calculate the company's Profit Margin (%) ratio for both most recent year and prior year?
4.b.Explain what the information provides and what the results mean?
5) Calculate the company's return on assets ratio for both most recent year and prior year?
5.b Explain what the information provides and what the results mean?
In: Accounting
Assume that Bach Corporation is considering the establishment of a subsidiary in Norway. The initial Norwegian Kroner investment required by the parent (in Year 0) is Kr 40,000,000. If the project is undertaken, Bach would terminate the project after four years. Bach's cost of capital is
16%,
and the project is of the same risk as Bach’s existing projects. All cash flows generated from the project will be remitted to the parent at the end of each year. Listed below are the estimated cash flows the Norwegian subsidiary will generate over the project's lifetime in Norwegian kroner (NOK):
Year 0 Year 1 Year 2 Year 3 Year 4
-NOK40,000,000 NOK10,000,000 NOK15,000,000 NOK17,000,000 NOK20,000,000
The current exchange rate of the Norwegian kroner is Kr8.3253/$. Bach’s exchange rate forecast for the Norwegian kroner over the project's lifetime (in kroner per dollar) is listed below:
Year 0 Year 1 Year 2 Year 3 Year 4
8.3253 7.6923 7.1428 6.8965 6.6666
What is the NPV of the project in USD?
A.
$933,487
B.
$1,112,836
C.
$1,323,455
D.
$1,538,788
In: Finance
34
What are the TWO most likely explanations of the auditor’s observation of the following change in the financial statement ratio from the prior year’s ratio “inventory turnover decreased substantially from the prior year”?
Possible explanations:
(1) A larger percentage of sales occurred during the last month of the year, as compared with the prior year.
(2) A fewer percentage of sales occurred during the last month of the year, as compared with the prior year.
(3) Year-end purchases of inventory were understated by incorrectly excluding items received before year end.
(4) Year-end purchases of inventory were overstated by incorrectly including items received in the first month of the subsequent year.
(5) Items shipped on consignment during the last month of the year were recorded as sales
(6) A significant number of items shipped to and received by customers during the last month of the year were not recorded until the first month of the subsequent year
Group of answer choices
1 and 4
4 and 6
5 and 6
2 and 6
4 and 5
In: Accounting
Charlene is evaluating a capital budgeting project that should last for 4 years. The project requires $225,000 of equipment. She is unsure what depreciation method to use in her analysis, straight-line or the 3-year MACRS accelerated method. Under straight-line depreciation, the cost of the equipment would be depreciated evenly over its 4-year life (ignore the half-year convention for the straight-line method). The applicable MACRS depreciation rates are 33%, 45%, 15%, and 7%. The company's WACC is 11%, and its tax rate is 35%.
What would the depreciation expense be each year under each method? Round your answers to the nearest cent.
Scenario 1 (Straight-Line)
Year 1
Year 2
Year 3
Year 4
Scenario 2 (MACRS)
Year 1
Year 2
Year 3
Year 4
Which depreciation method would produce the higher NPV?
How much higher would the NPV be under the preferred method? Round your answer to two decimal places. Do not round your intermediate calculations.
In: Finance
Design an application with a single class and two static methods: method main and method isLeap. Static method isLeap accepts year as integer and returns boolean value true or false depending whether year is leap or not.
The year is leap year if it is divisible by 4, but not divisible by 100 except if it is divisible by 400.
Examples
In the main method, test your code with above four years and another five years that will be generated randomly by the code. Use two separate for-loops. In the first for-loop in each of the four iterations user should be asked to provide one year and when you test the program you input the above four years. For each year program should report whether it is leap or non-leap. The second loop should have five iterations and at each iteration program should generate a random integer for year in the range 1582 and 2019 (including the limits) and report whether it is leap or non-leap.
In: Computer Science
Creighton Corp. is a manufacturer of widgets. All of its operations are conducted in the US. It is an accrual method calendar year corporation, which began business in Year 1. For the year ended 12/31/Year 2, Creighton reported $7,000,000 EBIT on its financial statements prepared in accordance with GAAP. The corporate records reveal the following information.
Creighton's Year 2 book depreciation was $122,000 and its tax depreciation was $150,000.
In Year 2, Creighton capitalized $62,000 indirect expenses to manufactured inventory for book purposes and $55,000 indirect expenses to manufactured inventory under the tax uniform capitalization rules. The difference in these amounts was attributable to executive compensation.
Due to the increased capitalized executive compensation, Creighton's Year 2 cost of goods sold for book purposes was $1,400,000 and its cost of goods sold for tax purposes was $1,409,000
During Year 2, Creighton sold assets yielding the following gains/losses:
1231 gain of $950,000
Capital losses of $720,000
1245 gain of $67,000
In Year 2, Creighton developed a patent with a 17 year-life and incurred research expenditures of $180,000.
In Year 2, Creighton’s CFO died in a skiing accident. The corporation collected $800,000 in life insurance proceeds. During Year 2, Creighton paid $12,000 premium on the policy.
In December Year 2, Creighton settled a lawsuit and agreed to pay $130,000 to a customer for faulty goods. As of year-end, Creighton had not made payment to the customer.
In Year 1 (not a typo – Year 1), Creighton deducted $220,000 worth of 1231 losses
Creighton does not intend to claim any tax credits for Year 2.
Provide a Book to Tax Reconciliation computing Creighton’s taxable income.
In: Accounting
Her Company purchased 16,000 common shares (20%) of Him Inc. on January 1, Year 4, for $272,000. Additional information on Him for the three years ending December 31, Year 6, is as follows:
| Year | Net Income | Dividends Paid |
Market Value per Share at December 31 |
| Year 4 | $160,000 | $120,000 | $18 |
| Year 5 | 180,000 | 128,000 | 20 |
| Year 6 | 192,000 | 140,000 | 23 |
On December 31, Year 6, Her sold its investment in Him for $368,000.
Required:
(a) Compute the balance in the investment account at the end of Year 5, assuming that the investment is classified as
(i) FVTPL
Balance in investment account $
(ii) Investment in associate
Balance in investment account $
(iii) FVTOCI
Balance in investment account $
(b) Calculate how much income will be reported in net income and other comprehensive income in each of Years 4, 5, and 6, and in total for the three years assuming that the investment is classified as (Leave no cells blank - be certain to enter "0" wherever required. Omit $ sign in your response.)
(i) FVTPL
| Year 4 | Year 5 | Year 6 | Total | ||||
| Dividend income | $ | $ | $ | $ | |||
| Unrealized gains | |||||||
| Gain on sale | |||||||
| Net income | $ | $ | $ | $ | |||
| Total OCI | |||||||
(ii) Investment in associate
| Year 4 | Year 5 | Year 6 | Total | ||||
| Equity income | $ | $ | $ | $ | |||
| Gain on sale | |||||||
| Net income | $ | $ | $ | $ | |||
| Total OCI | |||||||
(iii) FVTOCI
| Year 4 | Year 5 | Year 6 | Total | ||||
| Dividend income | $ | $ | $ | $ | |||
| Gain on sale | |||||||
| Net income | $ | $ | $ | $ | |||
| Other comprehensive income | |||||||
| Unrealized gain | $ | $ | $ | ||||
| Gain on sale | |||||||
| Total other comprehensive income | |||||||
| Comprehensive income | $ | $ | $ | $ | |||
In: Accounting
what is the future worth of $811 in year 1 and amounts increasing by $96 per year through year 5 at an interest rate of 10% per year?
In: Economics
|
Investment A |
Year 1 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|
Costs: |
$150,000 |
$5,000 |
$5,000 |
$5,000 |
$5,000 |
$5,000 |
|
Benefits: |
- |
$75,000 |
$55,000 |
$35,000 |
$20,000 |
$65,000 |
|
Investment B |
Year 1 |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|
Costs: |
$50,000 |
|||||
|
Benefits: |
$30,000 |
$15,000 |
$10,000 |
$10,000 |
$15,000 |
Investment A:
Investment B:
Be sure to show all work
In: Finance
I need assistance on this problem in Pseudocode and in C++ Program
Program 3: Give a baby $5,000! Did you know that, over the last century, the stock market has returned an average of 10%? You may not care, but you’d better pay attention to this one. If you were to give a newborn baby $5000, put that money in the stock market and NOT add any additional money per year, that money would grow to over $2.9 million by the time that baby is ready for retirement (67 years)! Don’t believe us? Check out the compound interest calculator from MoneyChimp and plug in the numbers!
To keep things simple, we’ll calculate interest in a simple way. You take the original amount (called the principle) and add back in a percentage rate of growth (called the interest rate) at the end of the year. For example, if we had $1,000 as our principle and had a 10% rate of growth, the next year we would have $1,100. The year after that, we would have $1,210 (or $1,100 plus 10% of $1,100). However, we usually add in additional money each year which, for simplicity, is included before calculating the interest.
Your task is to design (pseudocode) and implement (source) for a program that 1) reads in the principle, additional annual money, years to grow, and interest rate from the user, and 2) print out how much money they have each year. Task 3: think about when you earn the most money!
Lesson learned: whether it’s your code or your money, save early and save often…
Sample run 1:
Enter the principle: 2000
Enter the annual addition: 300
Enter the number of years to grow: 10
Enter the interest rate as a percentage: 10
Year 0: $2000
Year 1: $2530
Year 2: $3113
Year 3: $3754.3
Year 4: $4459.73
Year 5: $5235.7
Year 6: $6089.27
Year 7: $7028.2
Year 8: $8061.02
Year 9: $9197.12
Year 10: $10446.8
Sample run 2 (yeah, that’s $9.4MM):
Enter the principle: 5000
Enter the annual addition: 1000
Enter the number of years to grow: 67
Enter the interest rate as a percentage: 10
Year 0: $5000
Year 1: $6600
Year 2: $8360
Year 3: $10296
Year 4: $12425.6
Year 5: $14768.2 . .
Year 59: $4.41782e+06
Year 60: $4.86071e+06
Year 61: $5.34788e+06
Year 62: $5.88376e+06
Year 63: $6.47324e+06
Year 64: $7.12167e+06
Year 65: $7.83493e+06
Year 66: $8.61952e+06
Year 67: $9.48258e+06
This assignment is about Repetition Structures.
For Pseudocode, here are key words to use
: · DO … WHILE – A loop that will always run at least once ·
FOR … ENDFOR – A loop that runs until certain criteria is met ·
WHILE … ENDWHILE – A loop that runs only while certain criteria is met ·
FOREACH … ENDFOREACH – A loop that runs over elements in a data structure · BREAK - "break out" of the current loop (or other structure) you're in and start immediately after the loop · CONTINUE - skip over the current iteration of the loop and move on to the next one
In: Computer Science