Questions
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are...

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also.

DUX COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)
2018 2017
Assets
Cash $ 33 $ 20
Accounts receivable 48 50
Less: Allowance for uncollectible accounts (4 ) (3 )
Dividends receivable 3 2
Inventory 55 50
Long-term investment 15 10
Land 70 40
Buildings and equipment 225 250
Less: Accumulated depreciation (25 ) (50 )
$ 420 $ 369
Liabilities
Accounts payable $ 13 $ 20
Salaries payable 2 5
Interest payable 4 2
Income tax payable 7 8
Notes payable 30 0
Bonds payable 95 70
Less: Discount on bonds (2 ) (3 )
Shareholders' Equity
Common stock 210 200
Paid-in capital—excess of par 24 20
Retained earnings 45 47
Less: Treasury stock (8 ) 0
$ 420 $ 369
DUX COMPANY
Income Statement
For the Year Ended December 31, 2018
($ in 000s)
Revenues
Sales revenue $ 200
Dividend revenue 3 $ 203
Expenses
Cost of goods sold 120
Salaries expense 25
Depreciation expense 5
Bad debt expense 1
Interest expense 8
Loss on sale of building 3
Income tax expense 16 178
Net income $ 25

Additional information from the accounting records:

  1. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000.
  2. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment.
  3. Property was acquired by issuing a 13%, seven-year, $30,000 note payable to the seller.
  4. New equipment was purchased for $15,000 cash.
  5. On January 1, 2018, bonds were sold at their $25,000 face value.
  6. On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time.
  7. Cash dividends of $13,000 were paid to shareholders.
  8. On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $8,000.


Required:
Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).)

  

DUX COMPANY
Statement of Cash Flows
For year ended December 31, 2018 ($ in 000s)
Cash flows from operating activities:   
Net income $25
Adjustments for noncash effects:
Depreciation expense 5
Loss on sale of building 3
Amortization of discount
Changes in operating assets and liabilities:
Decrease in accounts payable (7)
Decrease in accounts receivable 2
Increase in dividends receivable (1)
Increase in inventory (5)
Decrease in salaries payable (3)
Increase in interest payable 2
Decrease in income tax payable (1)
Net cash flows from operating activities $20
Cash flows from investing activities:
Sale of building 7
Purchase of equipment (15)
Purchase of long-term investment (5)
Net cash flows from investing activities (13)
Cash flows from financing activities:
Sale of bonds payable 25
Payment of cash dividends (13)
Purchase of treasury stock (8)
Net cash flows from financing activities 4
Net increase in cash ?
Cash balance, January 1 ?
Cash balance, December 31 $0
Noncash investing and financing activities:
? ?
? ?
? ?

In: Accounting

1.should these monopolists increase or decrease output, increase or decrease price, and on what information is...

1.should these monopolists increase or decrease output, increase or decrease price, and on what information is your answer based? Can the monopolists maximize profits minimize a loss ,or should they shutdown? Give a reasons for your answers based on the numbers in the rows

Price MR Q TR TC P/L TVC ATC AVC MC
10 5 10 100 50 +50 30 5 3 7
50 <50 50 2500 2600 -100 1600 52 32 50

10

5 1000 10000 8000 +2000 5000 8 5(min) 5
90 70 25 2250 1500 +750 750 60 50 50

In: Economics

Please show me how to complete questions d,i, ii, iii and iv. e.f You have following...

Please show me how to complete questions d,i, ii, iii and iv. e.f

You have following liability: 29-year bond, 6.5% annual coupon, market interest rate is 5%.

The Ppresent value of this liability?   PV = 1227.12 The duration of this liability?    Duration = 15.12

d.   You want to consider immunizing the liability using 8-year and 30- year zero coupon-bonds.

i.   What are the investment weights needed for the two bonds?

ii.   What are the present values of the two bonds needed to immunize the liability?

iii.   What are the face values of the two bonds needed to immunize the liability?

iv.   Build a sensitivity table showing the results of changes in interest rates:

Weight

3%

4%

5%

6%

7%

Liablility

Bond (8 yrs)

Bond (30 yrs)

Portfolio sum

e.   Which strategy (from parts c and d) would you recommend, based solely on price sensitivity?

f.    What additional factors might you want to consider before choosing between the two strategies?

In: Finance

X Corporation owns real and personal property in New York. Under New York law, X is...

X Corporation owns real and personal property in New York. Under New York law, X is liable for taxes on real property on the first day of any payment date if it owns real property in the state. The dates are 2/1, 5/1, 8/1, 11/1. For 20X7 the amounts due on each date are $300. Under New York law, a taxpayer is liable for personal property taxes on property held on the first day of the year, payable 60% on July 1 following, and 40% on the 1st day of February of the succeeding year. For 20X7, X pays $300 on 11/1/X7 for the last quarter real estate taxes, and $6,000 of personal property taxes on 7/1/X7. The remaining $4,000 of personal property taxes are paid on 2/1/X8. When may these taxes be deducted?

In: Accounting

A political analyst was curious if younger adults were becoming more conservative. He decided to see...

A political analyst was curious if younger adults were becoming more conservative. He decided to see if the mean age of registered Republicans was lower than that of registered Democrats. He selected an SRS of 128 registered Republicans from a list of registered Republicans and determined the mean age to be = 39 years, with a standard deviation s1 = 8 years. He also selected an independent SRS of 200 registered Democrats from a list of registered Democrats and determined the mean age to be = 40 years, with a standard deviation s2 = 10 years. Let μ1 and μ2 represent the mean ages of the populations of all registered Republicans and Democrats, respectively. Suppose that the distributions of age in the populations of registered Republicans and of registered Democrats have the same standard deviation. Assume the pooled two-sample t procedures are safe to use. Reference: Ref 7-9 Suppose the researcher had wished to test the hypotheses H0: μ1 = μ2, Ha: μ1 < μ2. The P-value for the pooled two-sample t test is?

between 0.10 and 0.05? Less than 0.01? Between 0.05 and 0.01? Greater than 0.10? Please show the work thank you!!! I'd like to know how this should work :)

In: Statistics and Probability

American Steel has issued $50 million in long-term bonds, with a face value of $1,000 paying...

American Steel has issued $50 million in long-term bonds, with a face value of $1,000 paying a 9% coupon. The bonds are now trading at a 15% premium to their face value providing a yield-to-maturity of 7%. The firm also has 1.5 million shares of common stock that were issued at $43/share at the company’s IPO and are currently trading at $56/share. American Steel is a mature firm that paid a $7 dividend last year, and dividends are expected to grow at 2% indefinitely. American Steel also has 500,000 preferred shares issued that are trading at $10/share with a dividend of $1. Treasury bills are currently yielding 5%, the firm has a Beta of 1.1, and its tax rate is 35%. Please show your answer to one decimal place.

i) What is the value of the firm?

ii)What is the market value of the firm’s debt and equity (common/pref)?

iii) What is the firm’s weighted average cost of capital?

In: Finance

You are attempting to value a call option with an exercise price of $104 and one...

You are attempting to value a call option with an exercise price of $104 and one year to expiration. The underlying stock pays no dividends, its current price is $104, and you believe it has a 50% chance of increasing to $118 and a 50% chance of decreasing to $90. The risk-free rate of interest is 11%. Calculate the call option’s value using the two-state stock price model. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

In: Finance

You are attempting to value a call option with an exercise price of $109 and one...

You are attempting to value a call option with an exercise price of $109 and one year to expiration. The underlying stock pays no dividends, its current price is $109, and you believe it has a 50% chance of increasing to $139 and a 50% chance of decreasing to $79. The risk-free rate of interest is 10%. Calculate the call option's value using the two-state stock price model. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

In: Finance

You've discovered a new plant species in which yellow fruit color (Y) is dominant to green fruit color (y), and round fruit shape (R) is dominant to long fruit shape (r).

You've discovered a new plant species in which yellow fruit color (Y) is dominant to green fruit color (y), and round fruit shape (R) is dominant to long fruit shape (r). The genes for fruit color and shape are located on the same chromosome and are 12 m.u. apart.

Determine the proportions of progeny of each phenotype produced for this cross.

Yr/yR x yr/yr

Reset

Help

0%

6%

12%

25%

44%

50%

75%

88%

100%

1. yellow, round:25%

2. yellow, long:25%

3. green, round:25%

4. green, long:25%

Incorrect; Try Again;

You filled in 4 of 4 blanks incorrectly. If two genes are 12 map units apart, recombination takes place 12% of the time, and it does not take place 88% of the time. With this in mind, gametes produced by the Yr/yR individual would not be produced in equal proportions.

In: Biology

y loading and unloading riders more efficiently. Two alternative loading/unloading methods have been proposed. To account...

y loading and unloading riders more efficiently. Two alternative loading/unloading methods have been proposed. To account for potential differences due to the type of ride and the possible interaction between the method of loading and unloading and the type of ride, a factorial experiment was designed. Use the following data to test for any significant effect due to the loading and unloading method, the type of ride, and interaction. Use a = .05. Factor A is method of loading and unloading; Factor B is the type of ride.

Type of Ride
Roller Coaster Screaming Demon Long Flume
Method 1 44 55 50
46 47 46
Method 2 46 47 49
48 43 45

Set up the ANOVA table (to whole number, but -value to 2 decimals and  value to 1 decimal, if necessary).

Source of Variation Sum of Squares Degrees of Freedom Mean Square -value
Factor A
Factor B
Interaction
Error
Total

In: Statistics and Probability