find the average annual growth rate of the dividends
for each firm listed in the following table.
firm. 2006. 2007.
2008. 2009. 2010.
2011
loewen $1.00 $1.05. $1.10. $1.20 $1.25.
$1.30
Morse. $1.00. $0.90. $0.80. $1.10. $1.20.
$1.35
huddle. $1.00 $2.00. $3.50. $3.75. $3.80. $4.25
meyer. $2.00. $2.00. $2.00. $2.70. $2.80.
$2.90
In: Finance
Using the data in the following table, and the fact that the correlation of A and B is 0.39, calculate the volatility (standard deviation) of a portfolio that is 70% invested in stock A and 30% invested in stock B.
|
Realized Returns |
||||
|
Year |
Stock A |
Stock B |
||
|
2008 |
−8% |
27% |
||
|
2009 |
17% |
28% |
||
|
2010 |
1% |
11% |
||
|
2011 |
−3% |
−2% |
||
|
2012 |
1% |
−3% |
||
|
2013 |
8% |
26% |
||
The standard deviation of the portfolio is _%?
In: Finance
It's managerial economics problem. Please expert solve well.
In 2010 some members of the Pakistan cricket team were accused
of conniving
with bookmakers, if not to lose matches, then at least to instigate
specific events
in the game. Does efficiency wage theory explain why such scandals
are more
likely to arise for relatively low-paid sports people? In this
light, what can be done
to reduce corruption in sports?
In: Economics
Which of the following statements about global economic growth is NOT true?
Group of answer choices
In 2010 it was noted that, globally, banks faced a "wall" of maturing debt.
The economic struggles of large economies impact the global economy more than those of small economies.
The credit crisis started in 2008 and increased in 2009.
From 1980 to 2012 China has had the largest economy and rate of expansion.
In: Economics
QUESTION 20
|
Dragonfly Enterprises |
||
|
Income Statement |
2011 |
|
|
Sales |
370 |
|
|
Cost of Goods Sold |
226 |
|
|
Selling, Gen & Admin Exp |
62 |
|
|
Depreciation |
20 |
|
|
Earnings Before Int & Tax |
62 |
|
|
Interest Expense |
12 |
|
|
Taxable Income |
50 |
|
|
Taxes at 40% |
20 |
|
|
Net Income |
30 |
|
|
Dividends |
9 |
|
|
Addition to Retained Earn. |
21 |
|
|
Balance Sheets as of 12-31 |
||
|
Assets |
2010 |
2011 |
|
Cash |
10 |
10 |
|
Account Receivable |
46 |
50 |
|
Inventory |
43 |
45 |
|
Total Current Assets |
99 |
105 |
|
Net Fixed Assets |
166 |
195 |
|
Total Assets |
265 |
300 |
|
Liabilities and Owners Equity |
2010 |
2011 |
|
Accounts Payable |
26 |
30 |
|
Notes Payable |
0 |
0 |
|
Total Current Liabilities |
26 |
30 |
|
Long-Term Debt |
140 |
150 |
|
Common Stock |
22 |
22 |
|
Retained Earnings |
77 |
98 |
|
Total Liab. and Owners Eq |
265 |
300 |
QUESTION 19
|
Dragonfly Enterprises |
||
|
Income Statement |
2011 |
|
|
Sales |
370 |
|
|
Cost of Goods Sold |
226 |
|
|
Selling, Gen & Admin Exp |
62 |
|
|
Depreciation |
20 |
|
|
Earnings Before Int & Tax |
62 |
|
|
Interest Expense |
12 |
|
|
Taxable Income |
50 |
|
|
Taxes at 40% |
20 |
|
|
Net Income |
30 |
|
|
Dividends |
9 |
|
|
Addition to Retained Earn. |
21 |
|
|
Balance Sheets as of 12-31 |
||
|
Assets |
2010 |
2011 |
|
Cash |
10 |
10 |
|
Account Receivable |
46 |
50 |
|
Inventory |
43 |
45 |
|
Total Current Assets |
99 |
105 |
|
Net Fixed Assets |
166 |
195 |
|
Total Assets |
265 |
300 |
|
Liabilities and Owners Equity |
2010 |
2011 |
|
Accounts Payable |
26 |
30 |
|
Notes Payable |
0 |
0 |
|
Total Current Liabilities |
26 |
30 |
|
Long-Term Debt |
140 |
150 |
|
Common Stock |
22 |
22 |
|
Retained Earnings |
77 |
98 |
|
Total Liab. and Owners Eq |
265 |
300 |
In: Finance
TO Industries prepares monthly cash budgets. The following budget information is available for April and May 2020:
|
April |
May |
|
|
Sales |
$650,000 |
$700,000 |
|
Direct material purchases |
220,000 |
240,000 |
|
Direct labor |
175,000 |
180,000 |
|
Manufacturing overhead |
120,000 |
130,000 |
|
Selling and administrative expenses |
150,000 |
150,000 |
All sales are credit sales. The company expects to collect 65% from customers in the month of the sale and the remaining 35% in first month following the sale. The company purchases direct materials on account. The company pays for 70% of the purchases in the month of the purchases and the remaining 30% in the first month following the purchase. Direct labor, manufacturing overhead, and selling and administrative expenses are paid in cash in the month incurred.
Additional information:
Required
In: Accounting
Just need 2a and 2b answered. Already have number one. Just included in case you needed it for part two.
1. On January 1, 2020, Hawkeye Air leased a new airplane for a term of 8 years. The expected life of the airplane is 20 years. There are no rights to purchase the asset at the end of the term, no bargain purchase option, and no residual value guarantee. The lease stipulates that Hawkeye Air makes annual payments of $550,000 beginning at the end of the first year (December 31, 2020). Hawkeye Air has an incremental borrowing rate of 6% and the fair market value of the airplane on January 1, 2020 is $6,250,000 (for simplicity, assume the lessor’s implicit rate is greater than 6%).
a. What journal entries related to the lease arrangement should be recorded during 2020 (assume Hawkeye Air’s fiscal year end is December 31).
b. Identify any effects the lease arrangement and the associated reporting would have on the balance sheet, income statement, and statement of cash flows for 2020.
c. What is the annual lease payment that results in a present value of minimum lease payments equal to 90% of the fair market value of the airplane ($6,250,000)?
2. Now assume that the lessor decided to require the lease payments at the beginning of the year as opposed to the end of the year. Also assume that the lease arrangement had a bargain purchase option under which the lessee could purchase the airplane at the end of the contract for $500,000.
a. What journal entries related to the lease arrangement should be recorded during 2020.
b. Identify any effects the lease arrangement and the associated reporting would have on the balance sheet, income statement, and statement of cash flows for 2020.
In: Accounting
On 1 July 2019, Vajra Ltd was incorporated and offered 2,500,000 ordinary shares to the public at an issue price of $4.00 per share, with $1.50 payable on application, and $1.50 upon allotment (due within one month of allotment) and $1.00 payable on another call to be made at a later date.
The issue is underwritten at a commission of $42,000.
By 31 July 2019, applications had been received for 2,450,000 shares. On 12 August 2019, shares were allotted, and the underwriter forwarded the application and allotment money due on the 50,000 shares less their commission. All remaining allotment money was received by 12 September 2019. On 30 September 2019, Vajra Ltd paid the legal costs (for company formation) of $6,200 and share issue cost of $4,600.
On 20 January 2020, the call was made, with money due by 29 February 2020. By 29 February 2020, all call money was received except for holders of 35,000 shares who failed to meet the call. On 31 March 2020, the shares on which call money was not received were forfeited.
On 9 April 2020, the forfeited shares were auctioned for $3.70 as fully paid. Share re-issue costs amounting to $8,500 were paid. The constitution provides for any surplus on resale, after satisfaction of unpaid instalments and any costs, to be returned to shareholders whose shares were forfeited. The refunds were made on 5 May 2020.
Required: Prepare the journal entries to record the transactions of Vajra Ltd up to and including that which took place on 30 June 2020. Show all relevant dates, narrations and workings.
In: Accounting
|
|
In: Accounting
Tech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended February 1, 2020, are shown below.
| Tech Supplies Company, Incorporated | |
| Balance Sheet | |
| At February 1, 2020 | |
| ($ in millions) | |
| Assets | |
|---|---|
| Current assets: | |
| Cash and cash equivalents | $ 2,106 |
| Accounts receivable (net) | 1,227 |
| Inventory | 5,064 |
| Other current assets | 418 |
| Total current assets | 8,815 |
| Long-term assets | 3,698 |
| Total assets | $ 12,513 |
| Liabilities and Shareholders’ Equity | |
| Current liabilities: | |
| Accounts payable | $ 5,100 |
| Other current liabilities | 3,775 |
| Total current liabilities | 8,875 |
| Long-term liabilities | 2,242 |
| Shareholders’ equity | 1,396 |
| Total liabilities and shareholders’ equity | $ 12,513 |
| Tech Supplies Company, Incorporated | |
| Income Statement | |
| For the Year Ended February 1, 2020 | |
| ($ in millions) | |
| Revenues | $ 39,593 |
|---|---|
| Costs and expenses | 38,166 |
| Operating income | 1,427 |
| Other income (expense)* | (78) |
| Income before income taxes | 1,349 |
| Income tax expense | 698 |
| Net income | $ 651 |
*Includes $197 of interest expense.
1-a. Calculate the current ratio for Tech Supplies for its fiscal year ended February 1, 2020.
1-b. Calculate the acid-test ratio for Tech Supplies for its fiscal year ended February 1, 2020.
1-c. Calculate the debt to equity ratio for Tech Supplies for its fiscal year ended February 1, 2020.
1-d. Calculate the times interest earned ratio for Tech Supplies for its fiscal year ended February 1, 2020.
Note: For all requirements, round your answers to 2 decimal places.
In: Accounting