There are 10 questions listed to ask your Financial Advisor. Please list them and comment on why you think each is important. 1. What experience do you have? 2. What are your qualifications? 3. What financial planning services do you offer? 4. What is your approach to financial planning? 5. What types of clients do you typically work with? 6. Will you be the only financial planner working with me? 7. How will I pay for your financial planning services? 8. How much do you typically charge? 9. Do others stand to gain from the financial advice you give me? 10. Have you ever been publicly disciplined for any unlawful or unethical actions in your career?
In: Finance
Answer the following 4 questions in detail with proper spelling and grammar. Minimum 400 words.
Select a business that has been reviewed on Yelp and received a detailed negative review.
1. Pretend that you are the owner of the business, and want to comment publicly on the negative review. You want to regain the customer’s trust and loyalty, so your response has to be carefully crafted. You want to encourage the customer to reengage with your business.
2. Your written response should be 100 words or less.
3. In your assignment, you should include: basic information about your business, the negative review (in 100 words or less), and your comment.
4. Explain in detail why you think your response would be effective, and how it will help restore your business in the eyes of this customer.
In: Operations Management
Problem 3-31B Events for two complete accounting cycles
LO 3-1, 3-2, 3-3
Iowa Service Company was formed on January 1, Year 1.
Events Affecting the Year 1 Accounting Period
Acquired cash of $60,000 from the issue of common stock.
Purchased $1,200 of supplies on account.
Purchased land that cost $18,000 cash.
Paid $800 cash to settle accounts payable created in Event 2.
Recognized revenue on account of $42,000.
Paid $21,000 cash for other operating expenses.
Collected $38,000 cash from accounts receivable.
Information for Year 1 Adjusting Entries
Recognized accrued salaries of $3,200 on December 31, Year 1.
Had $200 of supplies on hand at the end of the accounting period.
Events Affecting the Year 2 Accounting Period
Acquired an additional $20,000 cash from the issue of common stock.
Paid $3,200 cash to settle the salaries payable obligation.
Paid $3,600 cash in advance for a lease on office facilities.
Sold land that had cost $15,000 for $15,000 cash.
Received $4,800 cash in advance for services to be performed in the future.
Purchased $1,000 of supplies on account during the year.
Provided services on account of $32,000.
Collected $33,000 cash from accounts receivable.
Paid a cash dividend of $5,000 to the stockholders.
Paid other operating expenses of $19,500.
Information for Year 2 Adjusting Entries
The advance payment for rental of the office facilities (see Event 3) was made on March 1 for a one-year lease term.
The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started October 1.
Had $300 of supplies on hand at the end of the period.
Recognized accrued salaries of $3,900 at the end of the accounting period.
Required
Identify each event affecting the Year 1 and Year 2 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Record the effects of each event under the appropriate general ledger account headings of the accounting equation.
Prepare an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for Year 1 and Year 2.
The main thing I am struggling with is the cash flow statements for year 1 and year 2. The format would be just a normal cash flows statement.
In: Accounting
You need a 27-year fixed rate loan to buy a new car for 22,000. Your bank will lend you the money at an annual interest rate of 5.3% APR. What is your annual payment?
1. 1,550.51
2. 814.81
3. 1,472.47
4. 665.52
In: Finance
QUESTION 27
In a normal distribution of scores with a mean of 35 and a standard deviation of 4, which event is more likely; a) a randomly selected score is between 29 and 31 or b) a randomly selected score is between 40 and 42? Explain your response in 2-3 sentences.
In: Statistics and Probability
The areas of two similar triangles ABC and DEF are 144cm2 and 81cm2, respectively. If the longest side of larger triangle ABC is 36 cm, then the longest side of the smaller triangle DEF is
(1) 20 cm
(2) 26 cm
(3) 27 cm
(4) 30 cm
In: Math
what is the wavelength of thermal neutrons? what
"type" of light would this correspond to (X-ray, UV, VIS,
IR)?
hint: a thermal particle has an average kinetic energy of ekin=3/2
KT with KT= 25 meV. m(neutron) = 1.674x10^-27 kg.
In: Physics
A company has current liabilities of $705 million, and its
current ratio is 2.2. What is its level of current assets? If this
firm's quick ratio is 2.2, how much inventory does it have?
B) (CLO2) You have the following accounts and financial data for Al
Ain company for 2019.
Accounts and financial Data from Al Ain Company
2019
Sales revenue
$ 3065
Costs of Goods Sold
1805
Accounts receivable
555
Preferred stocks dividends
20
Interest expense
132
Tax rate
40%
Total operating expense
605
Number of common shares outstanding
1002
Accounts payable
241
Find the following:
1. What is the firm's earnings available to common shareholders for
2019?
2. What is The firm's earnings per share (EPS) for 2019?
3. What is the firm's net profit after taxes for 2019?
In: Finance
1. ) Prepare a depreciation schedule for the assets in the following transactions using the straight line method of depreciation:
A. Flash Enterprises purchased 3 new delivery trucks at a cost of $45,000 each. Each truck has an estimated useful life of 5 years.
B. Flash needed a new forklift to be used in warehouse operations at a cost of $12,500. The old forklift was traded in for $1,500. The new forklift has an estimated useful life of 4 years.
2.) Analyze the results of the below:
A. Flash has an opportunity to sell one of the trucks from (1A) above after 3 years for a price of $19,000. Should they accept the offer? Why or why not?
B. The used forklift from (1B) above had an original cost of $10,000 and a book value of $500 at the time of trade in. Calculate any gain or loss and show the appropriate journal entry.
3. Inventory Evaluation:
Units Units Cost Total Cost
Beginning Inventory 160,000 $2.00 $320,000
Purchase #1 60,000 $2.50 $150,000
Purchase #2 60,000 $3.50 $210,000
Ending Inventory 30,000
A. Calculate the value/cost of ending inventory & cogs using the following methods:
LIFO
FIFO
AVG COST (round unit cost to nearest cent)
B. Assuming the company has NOT determined which inventory method to use, Which method should they use for income tax purposes? Why?
C. The sold units had an average price of $5.00. Calculate gross profit and gross profit % using the method you chose in (B).
In: Accounting
1. Kirkland Company provided the following information for the month ended July 31, 2015, based on selling 1,000 units of its bottled water.
|
Sales Revenue |
$800,000 |
|
Variable Costs |
$300,000 |
|
Fixed Costs |
$100,000 |
What is Kirkland's margin of safety?
2. Chutes Company sells slides for $400 each. If their fixed costs total $300,000, how many slides must Chutes sell to breakeven if variable costs are $100 each?
3. Chutes Company sells slides for $400 each. If their fixed costs total $300,000, how much in sales revenue must Chutes achieve to breakeven if variable costs are $100 each?
4. Chutes Company sells slides for $400 each. If their fixed costs total $300,000, how many slides must Chutes sell to reach a target net income of $800,000 if variable costs are $100 each?
5. Chutes Company sells slides for $400 each. If their fixed costs total $300,000, how much in sales revenue must Chutes achieve to reach a target net income of $800,00 if variable costs are $100 each?
6. Chutes Company sells slides for $400 each. If their fixed costs total $300,000, what is the margin of safety ratio if chutes expects to achieve a net income of $800,000 when variable cost are $100 each?
7. A company sells a product which has a unit sales price of $10, unit variable cost of $2 and total fixed costs of $135,000. How many units must the company must sell to break even?
8. For Clifford Company, sales are $2,000,000 for the one product they sell. Fixed expenses are $700,000 and the contribution margin ratio is 40%. What are required sales in dollars to earn a target net income of $400,000?
9. Madden Company produces dongles for computers, which it sells for $20 each. Each dongle cost $4 of variable costs to make. During June, 4,000 dongles were sold. Fixed costs for May were $5 per unit for a total of $20,000 for the month. How much is the contribution margin ratio?
10. Based on the chart below, classify each of the costs ar variable, fixed or mixed. State how you came to your conclusion.
|
Cost |
Month |
Cost |
Units Produced |
|
Drilling Costs |
January February |
$80,000 $120,000 |
40,000 60,000 |
|
Smoothing Costs |
January February |
$100,000 $100,000 |
70,000 60,000 |
|
Mining Costs |
January February |
$159,000 $195,000 |
43,000 55,000 |
a. Drilling Costs
b. Smoothing Costs
c. Mining Costs
In: Accounting