Questions
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 3% stock, $140 par, and 40,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,720; second year, $77,080; third year, $90,960; fourth year, $107,200.

Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".

1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividend per share) $ $ $ $
Common stock (dividend per share) $ $ $ $

In: Accounting

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 16,000 shares of cumulative...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 16,000 shares of cumulative preferred 3% stock, $120 par, and 53,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $38,560; second year, $86,640; third year, $112,970; fourth year, $147,700. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $ $ $ $ Common stock (dividend per share) $ $ $ $

In: Accounting

Sabel Co. purchased assembly equipment for $780,000 on January 1, Year 1. The equipment is expected...

Sabel Co. purchased assembly equipment for $780,000 on January 1, Year 1. The equipment is expected to have a useful life of 260,000 miles and a salvage value of $26,000. Actual mileage was as follows: Year 1 72,000 Year 2 69,000 Year 3 58,000 Year 4 49,000 Year 5 16,000 Required Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. Assume that Sabel earns $236,000 of cash revenue during Year 1. Record the purchase of the equipment and the recognition of the revenue and the depreciation expense for the first year in the following financial statements model. Assume that Sabel sold the equipment at the end of the fifth year for $27,200. Calculate the amount of gain or loss on the sale.

In: Accounting

2.Assume the following for a one-year rate adjustable rate mortgage loan that is tied to the...

2.Assume the following for a one-year rate adjustable rate mortgage loan that is tied to the one-year Treasury rate: Loan amount: $200,000 Annual rate cap: 1% Life-of-loan cap: 4% Margin : 2.50% First-year teaser rate: 5.50% One-year Treasury rate at end of year 1: 5.25% One-year Treasury rate at end of year 2: 5.50% Loan term in years: 15 Given these assumptions, calculate the following: a.Initial monthly payment b.Loan balance end of year 1 c.Year 2 contract rate d.Year 2 monthly payment e.Loan balance end of year 2 f.Year 3 contract rate g.Year 3 payment

In: Finance

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 81,300 shares of cumulative...

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 81,300 shares of cumulative preferred 3% stock, $15 par, and 400,100 shares of $27 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $55,800 ; second year, $76,700 ; third year, $79,500 ; fourth year, $101,900 .

Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".

1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividends per share) $ $ $ $
Common stock (dividends per share) $ $ $ $

In: Accounting

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 2% stock, $140 par, and 50,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $28,200; second year, $65,800; third year, $83,300; fourth year, $110,000.

Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".

1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividend per share) $ $ $ $
Common stock (dividend per share) $ $ $ $

In: Accounting

A state legislator wants to determine whether his voters' performance rating (00 - 100100) has changed...

A state legislator wants to determine whether his voters' performance rating (00 - 100100) has changed from last year to this year. The following table shows the legislator's performance from the same ten randomly selected voters for last year and this year. Use this data to find the 99%99% confidence interval for the true difference between the population means. Assume that the populations of voters' performance ratings are normally distributed for both this year and last year.

Rating (last year) 8383 8989 9191 7171 5656 7575 5959 4343 9292 7878
Rating (this year) 5454 8383 6868 7575 4949 8989 8080 6969 7272 5656

Copy Data

Step 1 of 4:

Find the point estimate for the population mean of the paired differences. Let x1x1 be the rating from last year and x2x2 be the rating from this year and use the formula d=x2−x1d=x2−x1 to calculate the paired differences. Round your answer to one decimal place.

A state legislator wants to determine whether his voters' performance rating (00 - 100100) has changed from last year to this year. The following table shows the legislator's performance from the same ten randomly selected voters for last year and this year. Use this data to find the 99%99% confidence interval for the true difference between the population means. Assume that the populations of voters' performance ratings are normally distributed for both this year and last year.

Rating (last year) 8383 8989 9191 7171 5656 7575 5959 4343 9292 7878
Rating (this year) 5454 8383 6868 7575 4949 8989 8080 6969 7272 5656

Copy Data

Step 2 of 4:

Calculate the sample standard deviation of the paired differences. Round your answer to six decimal places.

In: Statistics and Probability

Navajo Company’s financial statements show the following. The company recently discovered that in making physical counts...

Navajo Company’s financial statements show the following. The company recently discovered that in making physical counts of inventory, it had made the following errors: Year 1 ending inventory is understated by $59,000, and Year 2 ending inventory is overstated by $29,000.

For Year Ended December 31 Year 1 Year 2 Year 3
(a) Cost of goods sold $ 734,000 $ 964,000 $ 799,000
(b) Net income 277,000 284,000 259,000
(c) Total current assets 1,256,000 1,369,000 1,239,000
(d) Total equity 1,396,000 1,589,000 1,254,000


Required:
1. For each key financial statement figure—(a), (b), (c), and (d) below—prepare a table to show the adjustments necessary to correct the reported amounts.
2. What is the total error in combined net income for the three-year period resulting from the inventory errors?

Complete this question by entering your answers in the tabs below.

  • Required 1
  • Required 2

For each key financial statement figure—(a), (b), (c), and (d) below—prepare a table to show the adjustments necessary to correct the reported amounts. (Amounts to be deducted must be entered with a minus sign.)

Year 1 Year 2 Year 3
Cost of goods sold:
Reported amount
Adjustments for: 12/31/Year 1 error
12/31/Year 2 error
Corrected amount
Net income:
Reported amount
Adjustments for: 12/31/Year 1 error
12/31/Year 2 error
Corrected amount
Total current assets:
Reported amount
Adjustments for: 12/31/Year 1 error
12/31/Year 2 error
Corrected amount
Equity:
Reported amount
Adjustments for: 12/31/Year 1 error
12/31/Year 2 error
Corrected amount

In: Accounting

Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The...

Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:

Year 1 Year 2 Year 3 Year 4 Year 5
Sales $ 4,509,210 $ 4,902,100 $ 4,979,250 $ 5,457,960 $ 5,801,230
Cash $ 92,620 $ 92,634 $ 94,024 $ 72,295 $ 72,696
Accounts receivable, net 400,363 425,222 449,526 498,920 563,527
Inventory 817,045 880,436 816,845 890,656 906,316
Total current assets $ 1,310,028 $ 1,398,292 $ 1,360,395 $ 1,461,871 $ 1,542,539
Current liabilities $ 309,109 $ 332,592 $ 341,029 $ 324,140 $ 396,160

Required:

1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:

Year 1 Year 2 Year 3 Year 4 Year 5
Sales $ 4,509,210 $ 4,902,100 $ 4,979,250 $ 5,457,960 $ 5,801,230
Cash $ 92,620 $ 92,634 $ 94,024 $ 72,295 $ 72,696
Accounts receivable, net 400,363 425,222 449,526 498,920 563,527
Inventory 817,045 880,436 816,845 890,656 906,316
Total current assets $ 1,310,028 $ 1,398,292 $ 1,360,395 $ 1,461,871 $ 1,542,539
Current liabilities $ 309,109 $ 332,592 $ 341,029 $ 324,140 $ 396,160

Required:

1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

In: Accounting

Northeast Hospital is analyzing a potential project for a new outpatient center Please use the following...

Northeast Hospital is analyzing a potential project for a new outpatient center
Please use the following facts to create a 5-year projection of cash flow for the proposed center. Please create your full income statement first to include all cash and non-cash expenses
Calculate the projects NPV, IRR, MIRR, Payback Period (not discounted). Using these calculations, do you recommend that they should proceed with this project? Explain your answer
Year 1 Year 2 Year 3 Year 4 Year 5
Total projected Visits 52500
Average Revenue per visit $                       75.00
Average Variable Cost per Visit $                       50.00
Total Fixed Costs $         500,000.00
Purchase Price for Equipment $     4,500,000.00
Monthly Rental Cost to Occupy the New Site $               5,000.00
Salvage Values of the Equipment (end of Year 5) $         750,000.00
Corporate Tax Rate 40%
Cost of Capital 8%
Other Assumptions
1) Projected Visits are Expected to increase by 10% in Year 2, 5% in Year 3 and 3% each Year thereafter
2)  Negotiation with payers indicate that revenue rate (ie payment per visits) will increase by 2% each year and 5% in year 5
3)  Variable Costs are expected to rise at a rate of 2% per year
4) Fixed Costs are expected to rise at a rate of 1% per year
6) Rent rates will be increased by 2.5% at the end of each year
6) The equipment will depreciate based on the straight-line method of depreciation, a 5-year estimated life and the equipment will be sold at salvage value at the end of year 5
7)  Tax rate will remain constant for the entire 5-year Period and do not assume any tax loss carryforward

In: Finance