6) In exchange, the Stars traded a whirlpool to the Rangers for a smaller 2002. The following information is provided to you:
Stars
Cost of a whirlpool and related accumulated depreciation (A/D).
$850,000 (cost) and $640,00
Cash received from the Rangers $37,000
The fair value of Star’s whirlpool $270,000
Rangers
Cost of whirlpool and related accumulated depreciation (A/D) $
930,000 (cost) and $ 630,000
Cash paid to the Stars $37,000
The fair value of Ranger’s whirlpool $ ?
Assume a fair exchange (both parties agreed as to the fair values) and lack of commercial substance.
What was the fair value of the Rangers’ whirlpool at the time of the exchange?
What is the amount of the gain (loss) on exchange recognized by the Rangers? (identify whether this is a gain or a loss).
How much Boot did the Rangers receive in this exchange?
How much is the total (implied) gain on the exchange for the Stars?
What percentage of this total implied Gain (in iv above) will the Stars recognize?
In: Accounting
5. Apple Stock: The volume of a stock is the number of shares traded in the stock in a day. The mean volume of Apple stock in 2017 was 35.14 million shares. A stock analyst believes that the volume of Apple stock has increased since then. He randomly selects 40 trading days and determines the sample mean volume to be 41.06 million shares with sample std. deviation of 15.07 million shares. Test the stock analyst’s claim at the a = 0.10 level of significance using P-values & critical values.
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Check Assumptions: |
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Ho: |
Diagram: |
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H1: |
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Statistical Variables: |
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Test Statistic: |
P-Value: |
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Conclusion and Interpretation: |
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In: Statistics and Probability
In general the formula for cash-on-the-table for a unit of a good not traded is
Group of answer choices
Buyer's reservation price less seller's reservation price
Buyer's reservation price multiplied by the seller's reservation price Seller's reservation price less
Buyer's reservation price Seller's reservation price divided by the
Buyer's reservation price Buyer's reservation price plus seller's reservation price
Buyer's reservation price divided by Seller's reservation price
In: Economics
On October 1, 2018, Jay Pryor established an interior decorating business, Pioneer Designs. During the month, Jay completed the following transactions related to the business:
| Oct. | 1 | Jay transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $30,200. |
| 4 | Paid rent for period of October 4 to end of month, $2,930. | |
| 10 | Purchased a used truck for $25,000, paying $2,000 cash and giving a note payable for the remainder. | |
| 13 | Purchased equipment on account, $11,780. | |
| 14 | Purchased supplies for cash, $2,020. | |
| 15 | Paid annual premiums on property and casualty insurance, $4,530. | |
| 15 | Received cash for job completed, $12,680. |
Enter the following transactions on Page 2 of the two-column journal:
| 21 | Paid creditor a portion of the amount owed for equipment purchased on October 13, $4,200. | |
| 24 | Recorded jobs completed on account and sent invoices to customers, $14,440. | |
| 26 | Received an invoice for truck expenses, to be paid in November, $1,330. | |
| 27 | Paid utilities expense, $1,510. | |
| 27 | Paid miscellaneous expenses, $540. | |
| 29 | Received cash from customers on account, $6,040. | |
| 30 | Paid wages of employees, $4,020. | |
| 31 | Paid dividends, $3,350. |
Required:
1. Journalize and insert the posting references
for each transaction in a two-column journal beginning on Page 1,
referring to the following chart of accounts in selecting the
accounts to be debited and credited. For a compound transaction, if
an amount box does not require an entry, leave it blank.
| 11 | Cash | 31 | Common Stock |
| 12 | Accounts Receivable | 33 | Dividends |
| 13 | Supplies | 41 | Fees Earned |
| 14 | Prepaid Insurance | 51 | Wages Expense |
| 16 | Equipment | 53 | Rent Expense |
| 18 | Truck | 54 | Utilities Expense |
| 21 | Notes Payable | 55 | Truck Expense |
| 22 | Accounts Payable | 59 | Miscellaneous Expense |
In: Accounting
Scores are 92, 68, 88, 96, 72, 88, 80, 64, 74, 92, 100,
84
What is the IQR?
19
19.5
20.5
20
6
In: Statistics and Probability
Melanie is the manager of the Clean Machine car wash and has gathered the following information. Customers arrive at a rate of eight per hour according to a Poisson distribution. The car washer can service an average of ten cars per hour with service times described by an ex- ponential distribution. Melanie is concerned about the number of customers waiting in line. She has asked you to calculate the following system characteristics:
(a) Average system utilization 8/10=0.8= 80%
(b) Average number of customers in the system 8/(10-8)=8/2= 4
(c) Average number of customers waiting in line 8^2/10(10-8)= 64/20= 3.2 customers
2. Melanie realizes that how long the customer must wait is also very important. She is also concerned about customers balking when the waiting line is too long. Using the arrival and service rates in Problem 1, she wants you to calculate the following system characteristics:
(a) The average time a customer spends in the system 1/(10-8)= ½ hours
(b) The average time a customer spends waiting in line0.8/(10-8)= 0.8/2 = 0.4 hours
(c) The probability of having more than three customers in the system 0.8^3 =0.512
(d) The probability of having more than four customers in the system 0.8^4 =0.4096
If Melanie adds an additional server at Clean Machine
car wash, the service rate changes to an average of 16 cars per
hour. The customer arrival rate is 10 cars per hour. Melanie has
asked you to calculate the following system characteristics:
(a) Average system utilization
(b) Average number of customers in the system
(c) Average number of customers waiting in line
Melanie is curious to see the difference in waiting times for customers caused by the additional server added in Problem 3. Calculate the following system characteristics for her :
(a) The average time a customer spends in the system
(b) The average time a customer spends waiting in line
(c) The probability of having more than three customers in the system
(d) The probability of having more than four customers in the system
After Melanie added another car washer at Clean Machine (service rate is an average of 16 customers per hour), business improved. Melanie now estimates that the arrival rate is 12 customers per hour. Given this new information, she wants you to calculate the fol- lowing system characteristics:
(a) Average system utilization
(b) Average number of customers in the system
(c) Average number of customers waiting in line
As usual, Melanie then requested you to calculate sys- tem characteristics concerning customer time spent in the system.
(a) Calculate the average time a customer spends in the system.
(b) Calculate the average time a customer spends waiting in line.
(c) Calculate the probability of having more than four customers in the system.
In: Advanced Math
Many critics of the Foster’s Group Ltd takeover of Southcorp Ltd cited a strategic error in judgement of the Foster’s Group Ltd board. Foster’s Group Ltd also took on significant debt to purchase American wine interests. Their main concerns were firstly, that the board paid too much and secondly, that the wine and market operates differently to the beer market. Just because both are alcohol-based products does not mean they are similar to operate. Commentators believed that the beer business was a good cash business and one that is generally robust in down times. (People still like their beer even in recessions.) However, the wine market was more competitive and had an overabundance of supply that would make it hard for the Foster’s Group Ltd to strategically brand. The investment in the wine businesses would also take leadership time away from the beer business as the Foster’s Group Ltd spent time on growing the wine business. Approximately five years after the Southcorp Ltd takeover the Foster’s Group Ltd entered into a scheme of arrangement to demerge the beer business from the wine business. In May 2011, shareholders in Foster’s Group Ltd received one share in Treasury Wine Estates (the new company for the wine business) for every three shares they held in Foster’s Group Ltd. Following the split, the Foster’s Group Ltd assumed most of the debt. Below is some financial information regarding Foster’s Group Ltd at takeover and demerger times.
|
Demerger |
Takeover |
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|
2011 $’000 |
2010 $’000 |
2005 $’000 |
2004 $’000 |
|
|
Net cash flows from operating activities |
749.5 |
934.7 |
523.4 |
657.0 |
|
Net cash flows from investing activities |
(209.7) |
(89.9) |
(2 314.3) |
938.1 |
|
Net cash flows from financing activities |
(705.9) |
(735.8) |
1 885.3 |
(1 225.4) |
|
Total cash flows |
(166.1) |
109.0 |
$94.4 |
369.7 |
|
Ending cash balance |
58.3 |
236.7 |
791.9 |
706.8 |
|
Net profit from continuing operations |
1 046.9 |
553.0 |
936.1 |
799.3 |
|
Net finance income/(costs) |
16.3 |
(118.8) |
(99.1) |
(94.9) |
|
Total assets |
2 997.3 |
6 829.8 |
11 745.3 |
8 443.1 |
|
Total liabilities |
2 597.7 |
4 114.4 |
4 944.1 |
4 600.2 |
|
Non-current interest bearing liabilities |
1 573.5 |
2 242.6 |
4 431.6 |
1 259.6 |
REQUIRED:
Judge whether you feel the critics were correct in their assessment of Foster’s Group Ltd entry into the wine market.
Confirm whether Foster’s Group Ltd is a good ‘cash’ business.
In: Accounting
A machine purchased 3 years ago for $140,000 is now too slow to satisfy the demand of the customers. It can be upgraded now for $77,000 or sold to a smaller company internationally for $38,000. The upgraded machine will have an annual operating cost of $93,000 per year and a $28,000 salvage value in 3 years. If upgraded, the presently owned machine will be retained for only 3 more years, then replaced with a machine to be used in the manufacture of several other product lines. The replacement machine, which will serve the company now and for a maximum of 8 years, costs $208,000. Its salvage value will be $42,000 for years 1 through 5; $20,000 after 6 years; and $10,000 thereafter. It will have an estimated operating cost of $45,000 per year. Perform an economic analysis at 9% per year using a specified 3-year planning horizon.
a) Determine if the current machine should be replaced now or 3 years from now.
b) Once decided, determine the equivalent AW for the next three years.
a) The current machine should be replaced (Click to select)
A. now .
B. three years from now .
b) The equivalent AW for the next three years is $ -------------
In: Finance
The following are questions for discussion assignment. Could you please assist me with these questions? Thank you.
Rite Aid Corporation; NYSE: RAD
Income Statement: Listed as Consolidated of Operations, page 76
Balance Sheet: Listed as Consolidated Balance Sheets, page 75
Statement of Stockholder's Equity: Listed as Consolidated Statements of Stockholders' Equity, page 78
Statement of Cash Flows: Listed as Consolidated Statements of Cash Flows, page 79
https://www.sec.gov/Archives/edgar/data/84129/000104746918003207/a2235393z10-k.htm
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SEC 10K Project: Income Statement |
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In: Finance
create a journal
| DATE | TRANSACTIONS | ||
| 20X1 | |||
| Sept. | 2 | Purchased ski boots for $6,100 plus a freight charge of $260 from Colorado Ski Shop, Invoice 6672, terms n/30. | |
| 3 | Purchased skis for $11,700 from Alaska Supply Company, Invoice 5916; terms 2/10, n/30. | ||
| 7 | Received Credit Memorandum 165 for $950 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. | ||
| 11 | Purchased ski jackets for $4,500 from Cold Mountain Clothing Company, Invoice 4091, terms n/30. | ||
| 12 | Issued Check 104 to Alaska Supply Company in payment of Invoice 5916, dated September 3, less the cash discount. | ||
| 22 | Purchased ski poles for $4,260 plus a freight charge of $145 from Alaska Supply Company, Invoice 5950; terms 3/10, n/30. | ||
| 23 | Purchased ski pants for $2,750 from Swenson Ski Goods, Invoice 528, terms n/30. | ||
| 25 | Received Credit Memorandum 245 for $350 from Swenson Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528. | ||
| 27 | Purchased ski sweaters for $3,100 plus a freight charge of $125 from Colorado Ski Shop, Invoice 6722, terms n/30. | ||
| 30 | Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7. | ||
In: Accounting