Verizon Communications financial leverage the last 3 years.
Debt to Assets Ratio: 2016= 91% 2017= 83% 2018=80%
Debt to Equity Ratio: 2016=4.68% 2017= 2.64% 2018=1.99%
Interest Coverage Ratio: 2016=5.80% 2017=5.35% 2018= 5.06%
How is Verizon financing it's assets? Discuss how much risk is associated with the bonds issued by the company? How can this risk be measured? Please Explain.
In: Finance
On February 18, 2018, Union Corporation purchased $1,976,000 of
IBM bonds. Union will hold the bonds indefinitely, and may sell
them if their price increases sufficiently. On December 31, 2018,
and December 31, 2019, the market value of the bonds was $1,924,000
and $2,002,000, respectively.
Required:
2. & 3. Prepare the adjusting entry for
December 31, 2018 and 2019. (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
In: Accounting
On January 1, 2018, Edward Corporation had 29,000 shares of $5 par value common stock and 29,000 shares of 7%, $100 par value convertible preferred stock outstanding. The preferred shares carried a 2-for-1 conversion privilege. On October 1, 2018, all of the preferred shares were converted to common. What number of shares must Edward use in computing basic earnings per share at December 31, 2018?
In: Accounting
In 2018, Bogart paid $20,000 of interest on a mortgage on his home (Bogart borrowed $600,000 in 2015 to buy this primary residence and it is currently worth $1,000,000). In 2018 Bogart also paid $12,000 of interest on a $150,000 home equity loan on his home, and $10,000 of interest on a mortgage on his vacation home (loan of $300,000; home purchased for $400,000 in 2016). How much interest expense can Bogart deduct as an itemized deduction in 2018?
In: Accounting
Traynor Corporation reports its 40 percent investment in Victor Company on its December 31, 2020 balance sheet at $14,608,000. Traynor acquired its interest in Victor on January 2, 2018 and uses the equity method to account for the investment. Victor’s assets and liabilities were fairly stated on January 2, 2018 except for unreported technology (5-year life) of $4 million. Victor reported net income of $1.2 million, $1.5 million, and $1.4 million, and paid dividends of $200,000, $250,000, and $230,000 in 2018, 2019, and 2020, respectively. There was no impairment of Traynor’s investment. Required How much did Traynor Corporation pay for its investment in Victor Company on January 2, 2018?
In: Finance
Q. The higher education department of Holmes Institute recorded data on the number of students enrolled in the different study majors for the years 2018 and 2019. The data are stored in file STUDYMAJOR.xls. (given below)
a) Use an appropriate graphical technique or chart to compare the number of enrolment in 2018 and 2019 of the different study major. Display the chart.
b) Use an appropriate graphical technique or chart to display the percentage value of the number of enrolment of the different study major in 2018 and 2019. Display the chart.
| Study Major | 2018 | 2019 |
| Statistics | 1700 | 2250 |
| Business Law | 700 | 900 |
| Accounting | 1300 | 1450 |
| Economics | 750 | 1000 |
| Finance | 1450 | 1758 |
| Marketing Management | 1069 | 1189 |
| Auditing | 360 | 351 |
In: Statistics and Probability
IST analyzes the fish population of coastal alaska waters. each year they sample 100 fish and measure their weight. the table shows the mean fish weights for 2016, 2017, 2018. Assume a population standard deviation of 5lb. alpha = .05
Year. Mean salmon weight lb
2016: 18
2017: 19
2018: 23
A.) is the increase from 2016 to 2017 statistically significant. state test statistic and p-value, then answer the question.
B) is the increase from 2017 to 2018 statistically significant. state test statistic and p-value, then answer the question.
C) is the increase from 2016 to 2018 statistically significant. state test statistic and p value, then answer the question.
In: Statistics and Probability
On 11/1/2017, a company forecasted the sales of inventory to foreign customer for 800,000 FCU. It was estimated that the inventory would be delivered and paid on 3/20/2018. Also, on 11/1/2017 , the company purchased a put option to sell 800,000 FCU at a strike price of $0.842 expiring end of 2018. An option premium of $5,000 was paid.
| 1-Nov | 31-Dec | 20-Mar | |
| Spot Rates | $0.820 | $0.835 | $0.830 |
| FV of Option | $5,000 | $4,200 |
Required: Prepare the journal entries required on the dates listed:
1. Assuming that on 3/20/2018 the option was exercised, and the inventory delivered and paid
2. Assuming that the spot rate on 3/20/2018 is $0.845?
In: Accounting
1.Winthrop Dairy Farms Ltd. is an Ontario corporation. The farm owns dairy cows that produce milk.
a) Describe the accounting treatment and measurement value of the dairy cows assuming the farm uses IFRS.
b) Describe the accounting treatment and measurement value of the milk assuming the farm uses IFRS.
c) Assume the farm uses IFRS and the fair value of a dairy cow increased from the 2017 year-end to the 2018 year-end. How would you record this increase in 2018?
d) Assume the farm uses ASPE and the fair value of a cow increased from the 2017 year-end to the 2018 year-end. How would you record this increase in 2018
In: Accounting
In: Accounting