ABC Company is doing a project assessment and needs to know what it's weighted average cost of capital is for supporting its current operations. They will adjust it from there based on risk weighting the individual projects. The company has the following components to its capital structure:

A. Debt 3 Components:

$10,660,000 of long term bank debt at 6.75%.

$15,000,000 par value bonds at 4.75% with 15 year maturity and a sale price of 92% of par.

$8,750,000 par value bonds at 5.25% with an 8 year maturity and a sale price of 97% of par.

B. Preferred Stock is $17,600,000 in par value at $100 par value per share. Price per share is $111.75 and the annual payment is $4.20 per share.

C. Stock is selling for $52.85 per share and there are 1,150,000 shares outstanding. The company has a beta of 1.26, expected market premium of 8.2% and the risk free rate is 1.36.

1. Calculate the cost of debt.

2. Calculate the cost of preferred stock.

3. Calculate the cost of equity.

4. Calculate the weighted average cost of capital.

Techno Enterprises is a manufacturer of microchips (referred to as chips). Its production process is complex and involves more than 100 steps, starting with production of small, round silicon wafers and ending with chips being put into individual packages that protect them and provide connections to the products for which the chips are developed. The company uses a process costing system and has always made the simplifying assumption that wafers in production, but not yet finished, are 50 percent complete with respect to conversion costs. In the current year, the company has struggled due to a decline in computer sales and reduced demand for chips. To boost profit, the company has decided to start a very large number of wafers into production in the last few days of the year. Due to the use of ceramic carriers and other high-performance features, the Techno Enterprises production process typically takes 30 days. Explain why starting a large number of wafers into production will boost profit even though the chips that ultimately result from the wafers are ones that have not been sold or even completed. Is the company’s approach to boosting profit ethical?

Scenario 1: Leo is the sole owner of Leo Construction, a proprietorship whose profit was $500,000 for 2017, he had income of $10,000 from interest generated by his personal bank savings

Scenario 2: Leo and four nephews have equal ownership rights in a partnership called Leo and Nephews Construction Company. The company had a profit of $500,000 for 2017, and each of the five partners received $2,000 in interest income.

Scenario 3: Leo and his four nephews decide to incorporate their company as Leo Associates, Inc. In 2017, the corporation earnings before income taxes was $500,000 and all after-tax profit was distributed as dividends to the five shareholders, each one receiving the same amount. Also each of the five stakeholders received $2,000 in interest income.

(1) For the above three scenarios, assuming Leo and his four nephews are all married and filing jointly with no dependent children, and there is no other deductions. For each scenario: (a) How much federal income tax each individual should pay? (b) How much income tax the IRS would receive in total?

Problem 3-5A Preparing financial statements from the adjusted trial balance and computing profit margin LO P3, A1 [The following information applies to the questions displayed below.] The adjusted trial balance for Chiara Company as of December 31, 2018, follows. Debit Credit Cash $ 30,000 Accounts receivable 52,000 Interest receivable 18,000 Notes receivable (due in 90 days) 168,000 Office supplies 16,000 Automobiles 168,000 Accumulated depreciation—Automobiles $ 50,000 Equipment 138,000 Accumulated depreciation—Equipment 18,000 Land 78,000 Accounts payable 96,000 Interest payable 20,000 Salaries payable 19,000 Unearned fees 30,000 Long-term notes payable 138,000 Common stock 20,000 Retained earnings, December 31, 2017 235,800 Dividends 46,000 Fees earned 484,000 Interest earned 24,000 Depreciation expense—Automobiles 26,000 Depreciation expense—Equipment 18,000 Salaries expense 188,000 Wages expense 40,000 Interest expense 32,000 Office supplies expense 34,000 Advertising expense 58,000 Repairs expense—Automobiles 24,800 Totals $ 1,134,800 $ 1,134,800 Problem 3-5A Part 1 Required: 1(a) Prepare the income statement for the year ended December 31, 2018. 1(b) Prepare the statement of retained earnings for the year ended December 31, 2018. 1(c) Prepare Chiara Company's balance sheet as of December 31, 2018.

1. The relationship between Laptop and Screen can best be categorized as
   1. Inheritance
   2. Association
   3. Ownership
   4. Private

2. What is the purpose of information hiding in object-oriented programming?
   1. To protect the values of variables from being changed inappropriately
   2. To free other programmers from having to know too many details of the inner workings of the class.
   3. To protect people’s personal information from hackers?
   4. All of the above
   5. Just choices a and b

3. The relationship between Bayonet and Weapon could best be described as
   1. Inheritance
   2. Association
   3. Ownership
   4. Private

4. Which of the following is not true of the relationship composition?
   1. The owner is responsible for creating and destroying the object it owns
   2. Other objects of the owner type can own the very same object.
   3. It involves exclusive ownership, meaning that no other object could own the owned object.
   4. It, like aggregation, is a form of ownership.

5. In the relationship between Hammer and Tool, which is the superclass and which is the subclass?

6. Which of the following is a false statement?
   1. A class is like a blueprint, and an object is something built according to that blueprint.
   2. A class can contain data members and methods.
   3. A class can contain objects as data members within it.
   4. Usually, only one object can be built for any given class.

7. Which of the following is false about an abstract class?
   1. It contains one or more abstract functions.
   2. You cannot create an object of an abstract class.
   3. It cannot have any non-abstract functions.
   4. It is the most generic version of a family of related types of things.

8. Why is polymorphism powerful?
   1. It enables us to refer to related objects generally but still access specific functionality for each object.
   2. It enables us to build more complicated objects starting from simpler ones.
   3. It helps us protect data from being inadvertently changed.
   4. It helps us build objects that contain other objects.

9. Why do we write public get and set functions?
   1. Object-oriented languages require us to do so.
   2. If we didn’t, there would be no way to read or write the values of the data members of a class.
   3. In combination with making data private, these public functions give us a way to read and write the values of these variables in a controlled way.
   4. They make a program run more efficiently.

10. Draw a UML diagram for the following system: A cell phone is a type of computing device. It has a screen, usb jack, power button, and wake button. Include data members and methods for the classes you define, and show the appropriate relationships

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2016, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2016, follow. Additional Information Items An analysis of WTI's insurance policies shows that $2,807 of coverage has expired. An inventory count shows that teaching supplies costing $2,433 are available at year-end 2016. Annual depreciation on the equipment is $11,227. Annual depreciation on the professional library is $5,614. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,700, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2017. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $2,819 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.) WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee. The balance in the Prepaid Rent account represents rent for December. WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2016 Debit Credit Cash $ 26,944 Accounts receivable 0 Teaching supplies 10,362 Prepaid insurance 15,545 Prepaid rent 2,073 Professional library 31,088 Accumulated depreciation—Professional library $ 9,328 Equipment 72,533 Accumulated depreciation—Equipment 16,582 Accounts payable 35,202 Salaries payable 0 Unearned training fees 13,500 Common stock 13,182 Retained earnings 52,726 Dividends 41,452 Tuition fees earned 105,701 Training fees earned 39,379 Depreciation expense—Professional library 0 Depreciation expense—Equipment 0 Salaries expense 49,743 Insurance expense 0 Rent expense 22,803 Teaching supplies expense 0 Advertising expense 7,254 Utilities expense 5,803 Totals $ 285,600 $ 285,600 rev: 07_12_2016_QC_CS-55458, 09_26_2016_QC_CS-63134 Prepare an adjusted trial balance.   

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items athrough h that require adjusting entries on December 31, 2017, follow.
  
Additional Information Items

An analysis of WTI's insurance policies shows that $4,129 of coverage has expired.

An inventory count shows that teaching supplies costing $3,578 are available at year-end 2017.

Annual depreciation on the equipment is $16,515.

Annual depreciation on the professional library is $8,258.

On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,900, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018.

On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $5,220 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)

WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.

The balance in the Prepaid Rent account represents rent for December.

Problem 3-3A Part 1

Required:
1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end.

[The following information applies to the questions displayed below.]

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow.
  
Additional Information Items

1. An analysis of WTI's insurance policies shows that $2,400 of coverage has expired.
2. An inventory count shows that teaching supplies costing $2,800 are available at year-end 2017.
3. Annual depreciation on the equipment is $13,200.
4. Annual depreciation on the professional library is $7,200.
5. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,500, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018.
6. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,000 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)
7. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
8. The balance in the Prepaid Rent account represents rent for December.
   

1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end.

[The following information applies to the questions displayed below.]

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items athrough h that require adjusting entries on December 31, 2017, follow.
  
Additional Information Items

An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.

An inventory count shows that teaching supplies costing $2,318 are available at year-end 2017.

Annual depreciation on the equipment is $10,698.

Annual depreciation on the professional library is $5,349.

On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,800, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018.

On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $2,461 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)

WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.

The balance in the Prepaid Rent account represents rent for December.

Required:

The trial balance sheet of Moe’s Mowing, Inc is dated August 31, 2019: Assets Liabilities Cash 6,000 Account Payable 5,000 Account Receivable 400 Notes payable 2,500 Supplies 6000 salary payable 2,000 Prepaid rent 13,000 Loan Payable 13,000 Inventory 2,500 Unearned Revenue 4000 Total current assts 27,900 Total Liabilities 26,500 Cars 7,500 building 1500 Shareholder’s Equity furniture 2500 Common Stocks 6,700 Retained Earning 6,200 Total fixed asset 11,500 Total owner's equity 12,900 Total Assets 39,400 Total Liabilities and Equity 39,400 During the month of September, the business incurred the following transactions: 1. Deposited $5,000 cash in the business’s bank account. The company received the cash and issued common stocks. 2. The company purchased a car for $1,750 on account from Melton Supply 3. The company bought equipment, paying cash, 1,750 4. The company purchased office supplies for $1000 cash. 5. The company provided services to the Walker Company for $1,800 on account. 6. The company paid $500 to Melton Office Supply 7. The company borrowed a short-term debt (notes payable) from the bank, $20,000 8. The company received $1,000 in cash for services provided to a new customer. 9. Shortly after opening the business, the company paid the month’s rent of $650. 10. 1% of the inventory has been expired (bad goods expense). 11. The company paid $100 cash to repair car. 12. Bought computer software from Moss Computer center, $740, paying $240 in cash and placing the balance on account 13. The company received $1,100 cash from Walker Company 14. Declared and paid dividends of $600. 15. Collecting 70% of accounts receivable. 16. The company paid 35% of its accounts payable. 17. Supplies on hand at month-end, $4000 18. Salary owed but not paid yet $1000 19. Prepaid rent expired, $8,000 20. $2000 out of the unearned service revenue was earned during September. 21. The loan accrues interest at 1% per month. No interest was paid in September 22. The bookkeeper recorded a collection from accounts receivable of $100 as $10 23. Income tax is 2.5% 24. EFT payment of insurance expense, $400.

for this, i need 1. Journal entryof 2. Income Statement 3. Retained Earnings Statement 4. The trial balance sheet.