Hoover Corporation purchased equipment on January 1, 2019, for $610,000. In 2019 and 2020, Hoover depreciated the asset on a straight-line basis with an estimated useful life of 8 years and a $10,000 residual valie. In 2021, due to changes in technology, Hoover revised the useful life to a total of four years with no residual value. What depreciation would Hoover record for the year 2021 on this equipment?
a) $98,641
b) 230,000
c)100,000
d)72,000
In: Accounting
Find the MAD for the 3-month and the 12-month moving average forecast.
Year Month Rate(%)
2009 Jan 7.9
2009 Feb 8.5
2009 Mar 8.7
2009 Apr 9.1
2009 May 9.4
2009 Jun 9.4
2009 Jul 9.7
2009 Aug 9.5
2009 Sep 9.9
2009 Oct 9.9
2009 Nov 9.9
2009 Dec 9.7
2010 Jan 9.7
2010 Feb 9.6
2010 Mar 9.8
2010 Apr 9.7
2010 May 9.5
2010 Jun 9.4
2010 Jul 9.4
2010 Aug 9.4
2010 Sep 9.4
2010 Oct 9.6
2010 Nov 9.7
2010 Dec 9.4
2011 Jan 9.2
2011 Feb 8.9
2011 Mar 8.7
2011 Apr 9.1
2011 May 8.9
2011 Jun 9.2
2011 Jul 8.8
2011 Aug 9.1
2011 Sep 9.1
2011 Oct 8.8
2011 Nov 8.5
2011 Dec 8.4
2012 Jan 8.3
2012 Feb 8.3
2012 Mar 8.3
2012 Apr 8.2
2012 May 8.1
2012 Jun 8.1
2012 Jul 8.3
2012 Aug 8.3
2012 Sep 7.9
2012 Oct 7.9
2012 Nov 7.6
2012 Dec 7.7
In: Statistics and Probability
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | ||||
| Revenue | 4,500 | 6,860 | 8,409 | 9,082 | 9,808 | 10,593 | 11,440 | 12,355 | 13,344 | 14,411 | ||||
| Revenue Growth | 52.4% | 22.6% | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% | |||||
| Production Costs | ||||||||||||||
| Fixed Production Expense (excl depreciation) | 575 | 575 | 587 | 598 | 610 | 622 | 635 | 648 | 660 | 674 | ||||
| Variable Production Costs | 2,035 | 3,404 | 4,291 | 4,669 | 5,078 | 5,521 | 6,000 | 6,519 | 7,079 | 7,685 | ||||
| Depreciation | 152 | 152 | 152 | 152 | 164 | 178 | 192 | 207 | 224 | 242 | ||||
| Total Production Costs | 0 | 2,762 | 4,131 | 5,029 | 5,419 | 5,853 | 6,321 | 6,827 | 7,373 | 7,963 | 8,600 | |||
| Selling, General & Administrative | 1,250 | 1,155 | 1,735 | 2,102 | 2,270 | 2,452 | 2,648 | 2,860 | 3,089 | 3,336 | 3,603 | |||
| Total Operating Expenses | 1,250 | 3,917 | 5,866 | 7,132 | 7,690 | 8,305 | 8,969 | 9,687 | 10,462 | 11,299 | 12,203 | |||
| Operating Profit | (1,250) | 583 | 994 | 1,277 | 1,392 | 1,503 | 1,623 | 1,753 | 1,893 | 2,045 | 2,209 | |||
| Working Capital Assumptions: | ||||||||||||||
| Minimum Cash Balance as % of Sales | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | ||||
| Days Sales Outstanding | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | ||||
| Inventory Turnover (prod. cost/ending inv.) | 7.7x | 8.3x | 12.7x | 12.7x | 12.7x | 12.7x | 12.7x | 12.7x | 12.7x | 12.7x | ||||
| Days Payable Outstanding (based on tot. op. exp.) | 30.8x | 30.9x | 31.0x | 31.0x | 31.0x | 31.0x | 31.0x | 31.0x | 31.0x | 31.0x | ||||
| Capital Expenditures | 1,470 | 952 | 152 | 152 | 334 | 361 | 389 | 421 | 454 | 491 | 530 | |||
Show work to solve
Cashflow
NVP
Payback
IRR
In: Finance
On January 1, 2020, French Company acquired 60 percent of K-Tech Company for $313,500 when K-Tech’s book value was $413,500. The fair value of the newly comprised 40 percent noncontrolling interest was assessed at $209,000. At the acquisition date, K-Tech's trademark (20-year remaining life) was undervalued in its financial records by $80,000. Also, patented technology (10-year remaining life) was undervalued by $29,000.
In 2020, K-Tech reports $25,500 net income and declares no dividends. At the end of 2021, the two companies report the following figures (stockholders’ equity accounts have been omitted):
|
French Company Carrying Amounts |
K-Tech Company Carrying Amounts |
K-Tech Company Fair Values |
|||||||||
| Current assets | $ | 629,000 | $ | 309,000 | $ | 329,000 | |||||
| Trademarks | 269,000 | 209,000 | 289,000 | ||||||||
| Patented technology | 419,000 | 159,000 | 188,000 | ||||||||
| Liabilities | (399,000 | ) | (129,000 | ) | (129,000 | ) | |||||
| Revenues | (909,000 | ) | (409,000 | ) | |||||||
| Expenses | 491,000 | 309,000 | |||||||||
| Investment income | Not given | ||||||||||
What is the 2021 consolidated net income before allocation to the controlling and noncontrolling interests?
In 2021, assuming K-Tech has declared no dividends, what are the noncontrolling interest’s share of the subsidiary’s income and the ending balance of the noncontrolling interest in the subsidiary?
In: Accounting
|
General Motors purchased a speculative Call on Household Manufacturing common stock on March 18, 2010, for $11,692. The Call is on 800 shares at a strike price of $683. It expires on September 30, 2010. The following data is available with respect to the Call: |
||
|
Date |
Market Price of Household Manufacturing Shares |
Time Value of Household Manufacturing Option |
|
March 18, 2010 |
683 |
11,692 |
|
March 31, 2010 |
761 |
10,917 |
|
June 30, 2010 |
755 |
5,488 |
|
September 30, 2010 |
631 |
- |
|
What is the amount of the net income (realized and/or unrealized) recorded on the income statement for all periods as of June 30, 2010 on the Call? |
||
*Please show steps*
In: Finance
| The Total Liabilities for Ozium Corporation as of the | ||||||||||
| Balance Sheet date of December 31, 2020 are: | ||||||||||
| Salaries & Wages Payable | 5,500 | |||||||||
| Long-Term Debt | 300,000 | ($250,000 is due for payment in 2021) | ||||||||
| Notes Payable | 750,000 | ($250,000 is due for payment after December 31, 2021) | ||||||||
| Unearned Revenue | 16,500 | |||||||||
| Accounts Payable | 25,000 | |||||||||
| In addition, the company is involve in two lawsuits | ||||||||||
| that are expected to be closed by March 31, 2021. | ||||||||||
| The first lawsuit is for $150,000 and the lawyers | ||||||||||
| predicts this to be reasonable possible. The other | ||||||||||
| lawsuit is for $350,000 and the lawyer predicts this | ||||||||||
| to be Probable and can be reasonably estimated. | ||||||||||
| What is the total Current Liabilities? | ||||||||||
In: Accounting
The balance sheet for Tactex Controls Inc., provincially
incorporated in 2018, reported the following components of equity
on December 31, 2019.
| Tactex Controls Inc. | |||
| Equity Section of the Balance Sheet | |||
| December 31, 2019 | |||
| Contributed capital: | |||
| Preferred shares, $2.8 cumulative, unlimited shares authorized; 27,000 shares issued and outstanding | $ | 399,000 | |
| Common shares, unlimited shares authorized; 82,000 shares issued and outstanding | 742,000 | ||
| Total contributed capital | $ | 1,141,000 | |
| Retained earnings | 385,000 | ||
| Total equity | $ | 1,526,000 | |
In 2020 and 2021, the company had the following transactions
affecting shareholders and the equity accounts:
| 2020 | |||
| Jan. | 1 | Sold 37,000 common shares at $11.34 per share. | |
| 5 | The directors declared a total cash dividend of $238,000 payable on Feb. 28 to the Feb. 5 shareholders of record. Dividends had not been declared for the years 2018 and 2019. All of the preferred shares had been issued during 2018. | ||
| Feb. | 28 | Paid the dividends declared on January 5. | |
| July | 1 | Sold preferred shares for a total of $157,500. The average issue price was $20 per share. | |
| Dec. | 31 | Closed the dividend accounts along with the $577,500 credit balance in the Income Summary account. | |
| 2021 | |||
| Sept. | 5 | The directors declared the required cash dividend on the preferred shares and a $2.1 per common share cash dividend payable on October 28 to the October 5 shareholders of record. | |
| Oct. | 28 | Paid the dividends declared on September 5. | |
| Dec. | 31 | Closed the Cash Dividends account along with the $543,900 credit balance in the Income Summary account. | |
In: Accounting
Let assume that nominal GDP in 2010 increased by 6% (over its previous level in 2009). With this information, we can say that: Question 2 options:
either output or prices increased in 2010.
the GDP deflator increased during 2010.
both the GDP deflator and real GDP increased during 2010.
only prices increased in 2010.
real GDP increased during 20010.
In: Economics
“US oil prices turned negative for the first time on record on Monday April 20th, 2020 after oil producers ran out of space to store the oversupply of crude left by the coronavirus crisis, triggering an historic market collapse which left oil traders reeling.” (The Guardian, April 20th, 2020)
On April 21st, 2020 the US president Donald Trump tweeted: “We will never let the great U.S. Oil & Gas Industry down. I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan, which will make funds available so that these very important companies and jobs will be secured long into the future!”
What factors or government policies do you think will help the price of oil to go up?
In: Economics
Research on buffer overflow attacks. How do the various types of overflow attacks differ? When did they first start to occur? What can they do and not do? What must a programmer do to prevent a buffer overflow? Answer briefly in your own words.
In: Computer Science