Record adjusting entries for depreciation for 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

American Italian Pasta Company (AIPC) manufactures several varieties of pasta. On January 1, 2020, AIPC had excess commodity inventories carried at acquisition cost of $1,000,000. These commodities could be sold or manufactured into pasta later in the year. To hedge against possible declines in the value of its commodities inventory, on January 6 AIPC sold commodity futures, obligating the company to deliver the commodities in February for $1,100,000. The futures exchange requires a $20,000 margin deposit. On February 19, the futures price increased to $1,150,000 and the company closed out its futures contract. Spot prices continued to rise and AIPC sold its inventory for $1,175,000 in cash on March 2

Required a. Prepare the journal entries related to AIPC’s futures contract and sale of commodities inventory. Assume a perpetual inventory system, that spot and futures prices move in tandem, and the futures position qualifies for hedge accounting. All income effects for the inventories and related hedges are reported in cost of goods sold.

b. By how much would AIPC’s profit increase if the hedge was not undertaken?

MK 332 Homework April 1, 2020

Q2. A company wants to know how long newly hired MBAs remain on their first jobs. A sample of 17 MBAs has an average of 3 years, with a standard deviation of 2. Create a Confidence Interval with Confidence level of 95%. Interpret.

Q1. A Pizza Hut store manager believes that the average number of customers who return a pizza or ask for a refund is 20 per day. The store records the number of returns and exchanges for the 25 days it was open during a given month. Are the returns different than 20 per day?

Sample mean= 25, s=5, n=25. Test at α = .01.

H0: µ = 20

H1: µ ≠ 20

Test by both methods, interpret and conclude.

On December 31, 2020 Riverbed Company had the following account balances:

Detail of the Notes Receivable is as follows:

What is the interest rate on Note 3 (5-month interest bearing note)?

Please prepare a general journal AND General Ledger that include account explanations.

Pina Corporation is preparing the comparative financial statements for the annual report to its shareholders for fiscal years ended May 31, 2020, and May 31, 2021. The income from operations for the fiscal year ended May 31, 2020, was $1,818,000 and income from continuing operations for the fiscal year ended May 31, 2021, was $2,424,000. In both years, the company incurred a 10% interest expense on $2,424,000 of debt, an obligation that requires interest-only payments for 5 years. The company experienced a loss from discontinued operations of $575,000 on February 2021. The company uses a 20% effective tax rate for income taxes.

The capital structure of Pina Corporation on June 1, 2019, consisted of 1,037,000 shares of common stock outstanding and 19,100 shares of $50 par value, 6%, cumulative preferred stock. There were no preferred dividends in arrears, and the company had not issued any convertible securities, options, or warrants.

On October 1, 2019, Pina sold an additional 511,000 shares of the common stock at $20 per share. Pina distributed a 20% stock dividend on the common shares outstanding on January 1, 2020. On December 1, 2020, Pina was able to sell an additional 785,000 shares of the common stock at $22 per share. These were the only common stock transactions that occurred during the two fiscal years.

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.

Identify whether the capital structure at Pina Corporation is a simple or complex capital structure.

                                                                      Simple Capital StructureComplex Capital Structure

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct.

Determine the weighted-average number of shares that Pina Corporation would use in calculating earnings per share for the fiscal year ended:

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct.

Prepare, in good form, a comparative income statement, beginning with income from operations, for Pina Corporation for the fiscal years ended May 31, 2020, and May 31, 2021. This statement will be included in Pina’s annual report and should display the appropriate earnings per share presentations. (Round earnings per share to 2 decimal places, e.g. $1.55.)

1)    Use the below table of share price for TSLA and index level for the S&P 500 for the CAPM questions that follow related to TSLA. You can copy this table and paste it completely into Excel to avoid typing it out. Calculate the beta of TSLA.  

2) Using the beta you just calculated above, a risk free rate of 0.70%, and a market return of 5.5%, what is the required rate of return for TSLA?

3) If the current share price of TSLA is $380, it pays no dividend, and the consensus estimated share price in one year is $400, what is the estimated return for this stock? Should you invest in it based on comparing the estimated return you just calculated to its required return?  

Below table2 shows monthly closing share prices (adjusted to include dividends) of 5 companies, and the adjusted closing prices for the ASX200 index. Table 1 is the dividends per share of the 5 companies in the past 5 years.

Calculate the average annual growth in dividends over the last five years. Use this information, along with Gordon’s Growth Model to estimate the implied expected return for each REIT at the current market price（use past 12 months as an example）. Show your analysis process.