Questions
find the average annual growth rate of the dividends for each firm listed in the following...

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...

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...

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...

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 Given the financial statements below for Dragonfly Enterprises, what is the external financing need...

QUESTION 20

  1. Given the financial statements below for Dragonfly Enterprises, what is the external financing need for a pro forma increase in sales of 19% if the company is operating at 90% capacity? Enter your answer as the nearest whole (e.g., 123), but do not include the $ sign.

      

    Dragonfly Enterprises

    Income Statement
    ($ Million)

    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

  1. Given the financial statements below for Dragonfly Enterprises, what is the external financing need for a pro forma increase in sales of 8% if the company is operating at full capacity? Enter your answer as the nearest whole (e.g., 123), but do not include the $ sign.

      

    Dragonfly Enterprises

    Income Statement
    ($ Million)

    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...

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:

  • March 2020 credit sales were $600,000
  • March 2020 purchases of direct materials were $200,000
  • The company’s cash balance on April 1, 2020 is expected to be $90,000
  • The company wants to maintain a minimum cash balance of $80,000 and has a line of credit in the amount of 1,000,000, with an annual interest rate of 6%, available to borrow if the budgeted cash balance falls below that level. Any amounts borrowed on the line of credit at the end of a month require a cash interest payment in the subsequent month. If the ending cash balance in a month exceeds the minimum balance, the excess amount is used to repay any amounts borrowed on the line of credit.

Required

  1. Prepare a schedule of cash collections from credit sales for April and May 2020.
  2. Prepare a schedule of cash disbursements for direct material purchases for April and May 2020.
  3. Prepare a cash budget for April and May 2020 in columnar format.

In: Accounting

Just need 2a and 2b answered. Already have number one. Just included in case you needed...

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...

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

Exercise 3-19 a-b (Part Level Submission) The following data are taken from the comparative balance sheets...

Exercise 3-19 a-b (Part Level Submission)

The following data are taken from the comparative balance sheets of Cullumber Billiards Club, which prepares its financial statements using the accrual basis of accounting.

December 31

2020

2019

Accounts receivable from members $13,800 $ 8,000
Unearned service revenue 16,300 24,200

Members are billed based upon their use of the club’s facilities. Unearned service revenues arise from the sale of gift certificates, which members can apply to their future use of club facilities. The 2020 income statement for the club showed that service revenue of $164,000 was earned during the year.

(a)

Prepare journal entries for each of the following events that took place during 2020. (Hint: You will probably find it helpful to use T-accounts to analyze these data.)
(1) Accounts receivable from 2019 were all collected.
(2) Gift certificates outstanding at the end of 2019 were all redeemed.
(3) (a) An additional $39,000 worth of gift certificates were sold during 2020.
(b) A portion of the above gift certificates was used by the recipients during the year; the remainder was still outstanding at the end of 2020.
(4) Services performed for members for 2020 were billed to members.
(5) Accounts receivable for 2020 (i.e., those billed in item [4] above) were partially collected.

(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.

Account Titles

Debit

Credit

1.
2.
3 (a)
3 (b)
4.
5.
Attempts: 0 of 3 used

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In: Accounting

Tech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics

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
Inventory5,064
Other current assets418
Total current assets8,815
Long-term assets3,698
Total assets$ 12,513
Liabilities and Shareholders’ Equity 
Current liabilities: 
Accounts payable$ 5,100
Other current liabilities3,775
Total current liabilities8,875
Long-term liabilities2,242
Shareholders’ equity1,396
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 expenses38,166
Operating income1,427
Other income (expense)*(78)
Income before income taxes1,349
Income tax expense698
Net income$ 651

*Includes $197 of interest expense.

Required:

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