Questions
Problem 9-5A (Part Level Submission) At December 31, 2015, Grand Company reported the following as plant...

Problem 9-5A (Part Level Submission) At December 31, 2015, Grand Company reported the following as plant assets. Land $4,147,000 Buildings $27,842,000 Less: Accumulated depreciation—buildings 10,769,000 17,073,000 Equipment 48,828,000 Less: Accumulated depreciation—equipment 5,126,000 43,702,000 Total plant assets $64,922,000 During 2016, the following selected cash transactions occurred. April 1 Purchased land for $2,195,000. May 1 Sold equipment that cost $786,000 when purchased on January 1, 2012. The equipment was sold for $471,600. June 1 Sold land purchased on June 1, 2006 for $1,456,000. The land cost $391,000. July 1 Purchased equipment for $2,309,000. Dec. 31 Retired equipment that cost $484,000 when purchased on December 31, 2006. No salvage value was received. Collapse question part (a) Journalize the above transactions. The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year life and no salvage value. The equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

In: Accounting

Your company recently assigned you to a the City of Chesterton and provided you with the...

Your company recently assigned you to a the City of Chesterton and provided you with the following information for the year ended June 30, 2008:

Expenses:

General government $11,000,000
Public safety 24,000,000
Public works 12,000,000
Health and sanitation 6,000,000
Culture and recreation 4,000,000
Interest on long-term debt, governmental type 600,000
Water and sewer system 12,000,000
Parking system 500,000

Revenues:

Charges for services, general government $1,000,000
Charges for services, public safety 200,000
Operating grant, public safety 700,000
Operating grant, health and sanitation 1,000,000
Charges for services, culture and recreation 2,000,000
Charges for services, water and sewer 13,000,000
Charges for services, parking system 400,000
Property taxes 29,000,000
Sales taxes 21,000,000
Investment earnings, business-type

300,000

Special itme-gain on sale of unused land, governmental type 1,000,000
Transfer to governmental activities from business-type activities 700,000
Net position, July 1, 2006, governmental activities 13,000,000
Net position, July 1, 2006, business-type activities 22,000,000

Required: From the information given above, prepare a Statement of Activities for the City of Chesterton for the year ended June 30, 2008. Chesterton has no component units.

In: Accounting

Coca-Cola Revenues ($ millions), 2005–2010 Quarter 2005 2006 2007 2008 2009 2010 Qtr1 5,200 5,117 6,075...

Coca-Cola Revenues ($ millions), 2005–2010
Quarter 2005 2006 2007 2008 2009 2010
Qtr1 5,200 5,117 6,075 7,380 7,150 7,800
Qtr2 6,304 6,465 7,705 9,045 8,220 8,659
Qtr3 6,031 6,410 7,662 8,305 8,025 8,411
Qtr4 5,545 5,905 7,303 7,040 7,480 10,479



(a-1) Use MegaStat or Minitab to deseasonalize Coca-Cola’s quarterly data. (Round your answers to 3 decimal places.)

1 2 3 4
2005
2006
2007
2008
2009
2010
mean


(a-2) State the adjusted four quarterly indexes. (Round your answers to 3 decimal places.)

Q1 Q2 Q3 Q4


(a-3) What is the trend model for the deseasonalized time series? (Round your answers to 2 decimal places.)

yt =  xt +

(b) State the model found when performing a regression using seasonal binaries. (A negative value should be indicated by a minus sign. Round your answers to 4 decimal places.)

yt =  +  t +  Q1 +  Q2 +  Q3

(c) Use the regression equation to make a prediction for each quarter in 2011. (Enter your answers in millions rounded to 3 decimal places.)

Quarter Predicted
Q1
Q2
Q3
Q4

In: Statistics and Probability

Use the data given to develop a Statement of Cash flows for 2007 and calculate change...

Use the data given to develop a Statement of Cash flows for 2007 and calculate change in cash from 2006 in operating, investing and financing activities and reconcile to beginning and ending cash.

Income Statements
(Thousands of Dollars)
Katie's Construction Peer
2006 2007 Proj. 2008 Com. Size
Net Sales 81,950 83,875 101,488.75 100.00
Cost of goods sold 66,000 70,950 85,849.5 81.00
Gross Profit 15,950 12,925 15,639.25 19.00
0 0 0
S & A Expenses 8,360 9,997.9 11,163.762 10.00
Depreciation 1,100 902 1,045 1.00
Operating Profit 6,490 2,025.1 3,430.488 8.00
0 0 0
Interest Expense 775.5 1,322.2 1,125.3 1.00
Pre-Tax Profit 5,714.5 702.9 2,305.188 7.00
0 0 0
Tax (34%) 1,942.93 238.986 783.764 2.38
After Tax profit 3,771.57 463.914 1,521.424 4.62
0 0 0
Dividends 1,377.2 165 660
Retained Earnings 2,394.37 298.914 861.424
No. of Shares 1,450 1,450 1,450
Stock Price/Share 13 9
Balance Sheets
(Thousands of Dollars)
Katie's Construction Peer
2006 2007 Proj. 2008 Com. Size
Cash 1,760 1,427.8 1,760 3.5
Accounts Receivable 8,140 13,200 11,550 28
Inventory 14,609.1 20,900 15,381.3 47
Total Current Assets 24,509.1 35,527.8 28,691.3 78.5
0 0 0
Net Fixed Assets 6,832.1 7,156.6 8,760.4 21.5
Total Assets 31,341.2 42,684.4 37,451.7 100
0 0 0
Accounts Payable 4,620 8,800 6,600 15
Notes Payable 2,256.1 8,250 4,290 9
Accruals 2,255 3,242.8 3,567.08 7.5
Total Current Liabilities 9,131.1 20,292.8 14,457.08 31.5
0 0 0
Long Term Debt 5,380.1 5,262.4 5,148.704 19
Total Liabilities 14,511.2 25,555.2 19,605.784 50.5
0 0 0
Common Equity 16,830 17,129.2 17,845.916 49.5
Total Liabilities & Equity 31,341.2 42,684.4 37,451.7 100

In: Accounting

O’Neil Enterprises produces a line of canned soups for sale at supermarkets across the country. Demand...

O’Neil Enterprises produces a line of canned soups for sale at supermarkets across the country. Demand has been “soft” recently and the company is operating at 75 percent of capacity. The company is considering dropping one of the soups, beef barley, in hopes of improving profitability. If beef barley is dropped, the revenue associated with it will be lost and the related variable costs saved. The CFO estimates that the fixed costs will also be reduced by 25 percent.

The following product line statements are available.

Product Broth Beef Barley Minestrone
Sales $ 34,200 $ 44,300 $ 52,700
Variable costs 22,500 39,600 41,100
Contribution margin $ 11,700 $ 4,700 $ 11,600
Fixed costs allocated to each product line 5,700 7,000 8,100
Operating profit (loss) $ 6,000 $ 2,300 $ 3,500

Required:

a-1. Complete the following differential cost schedule.

b. When the product manager for the minestrone soup hears that managers are considering dropping the beef barley line, she points out that many O’Neil customers buy more than one soup flavor and if beef barley is not available from O’Neil, some of them might stop buying the other soups as well. She estimates that 10 percent of the current sales of both broth and minestrone will be lost if beef barley is dropped.

b-1. Complete the following differential cost schedule.

When the product manager for the minestrone soup hears that managers are considering dropping the beef barley line, she points out that many O’Neil customers buy more than one soup flavor and if beef barley is not available from O’Neil, some of them might stop buying the other soups as well. She estimates that 10 percent of the current sales of both broth and minestrone will be lost if beef barley is dropped.

B1. Complete the following differential cost schedule.

Show less

Status Quo Alternative: Drop Beef Barley Difference (all lower under the alternative)
Revenue
Less: Variable costs
Contribution margin
Less: Fixed costs
Operating profit (loss)
Status Quo Alternative: Drop Beef Barley Difference
Revenue
Less: Variable costs
Contribution margin
Less: Fixed costs

Operating profit (loss)

In: Accounting

Multiple studies conducted in the United States, Canada, Germany, and the United Kingdom show that the probability of dying in the hospital is higher if you are admitted on the weekend


Multiple studies conducted in the United States, Canada, Germany, and the United Kingdom show that the probability of dying in the hospital is higher if you are admitted on the weekend. Why might this be? What factors might contribute to this probability? What could hospitals do to reduce/eliminate this phenomenon?

In: Nursing

Evaluate some of Fresh Direct key resources and capabilitiesusing the RBV framework. How did these...

Evaluate some of Fresh Direct key resources and capabilities using the RBV framework. How did these contribute to its sustained competitive advantage (if at all) in the retail industry? Why has Fresh Direct struggled in recent times despite possessing these resources and capabilities?

In: Economics

1. Discuss how and why a plasma membrane lipid bilayer is fluid and what types of...

1. Discuss how and why a plasma membrane lipid bilayer is fluid and what types of physical properties of the lipids contribute to the fluidity of the membrane. This should include a discussion of the different types of fatty acids and other lipids and environmental interactions that can change fluidity.

In: Biology

As someone with more knowledge of the balanced scorecard than almost anyone else in the company,...

As someone with more knowledge of the balanced scorecard than almost anyone else in the company, you have been asked to use that knowledge to contribute to the improvement of the performance of the company. Explain how you will use the given performance measures to measure and improve the performance of the company. .

In: Accounting

Who are the two partners in :a) lichen mutualism and b) mycorrhizal mutualism? what does each...

Who are the two partners in :a) lichen mutualism and b) mycorrhizal mutualism? what does each partner contribute to each of these relationships? Given the fungal lifestyle as an absorptive heterotroph, why might fungal associations with photosynthetic organisms, as in mycorrhizae and lichens, be an alternative to being a decomposer?

In: Biology