There are non-diversifiable risks such as the Beta risk of an asset, project or industry and; diversifiable risks that can be offset by a higher discount rate to offset them. What do you think?. Ratios, indices or financial indicators are classified into several categories and their interpretation and correct reading is essential in the diagnosis of a company or a corporation. This implies that its good calculation and use exonerates the financial analyst from using industry indicators or trying to produce financial indicators that are generally known. What do you think?. Explain why the sustainable growth rate is the highest growth rate the company can maintain without increasing its financial leverage. Some companies like Walmart have decided that they can manage their inventories on a smaller scale than before, such as the so-called "Just in time." How good, fair or bad can this measure be?
In: Finance
It appears the most of the matter in the Universe is non-luminous, IE not part of stars.
a) Describe the experimental evidence for the existence of this dark matter.
b) What is this dark matter made of, according to current thinking?
In: Physics
Glycogen is reducing or non-reducing ? If can explain the reason too ? It is a Biochemistry related question.
In: Chemistry
A particle with a charge of -60.0 nC is placed at the center of a non-conducting spherical shell of inner radius 20.0 cm and outer radius 25.0 cm. The spherical shell carries charge with a uniform volume density of -1.33 μC/m3. A proton moves in a circular orbit just outside the spherical shell. Calculate the speed of the proton.
In: Physics
In: Accounting
Developing a Master Budget- Please answer the bottom bolded
"ANSWERS" at the bottom.
for a Merchandising Organization
Peyton Department Store prepares budgets quarterly. The following
information is available for use in planning the second quarter
budgets for 2010.
| PEYTON DEPARTMENT STORE Balance Sheet March 31, 2010 |
|||
|---|---|---|---|
| Assets | Liabilities and Stockholders' Equity | ||
| Cash | $2,000 |
Accounts payable |
$26,000 |
| Accounts receivable | 25,000 |
Dividends payable |
17,000 |
| Inventory | 30,000 |
Rent payable |
1,000 |
| Prepaid Insurance | 2,000 |
Stockholders' equity |
40,000 |
| Fixtures | 25,000 | ||
| Total assets | $84,000 |
Total liabilities and equity |
$84,000 |
Actual and forecasted sales for selected months in 2010 are as follows:
| Month | Sales Revenue |
|---|---|
| January | $80,000 |
| February | 50,000 |
| March | 40,000 |
| April | 50,000 |
| May | 60,000 |
| June | 70,000 |
| July | 90,000 |
| August | 80,000 |
Monthly operating expenses are as follows:
| Wages and salaries | $27,000 |
| Depreciation | 100 |
| Utilities | 1,000 |
| Rent | 1,000 |
Cash dividends of $17,000 are declared during the third month of
each quarter and are paid during the first month of the following
quarter. Operating expenses, except insurance, rent, and
depreciation are paid as incurred. Rent is paid during the
following month. The prepaid insurance is for five more months.
Cost of goods sold is equal to 50 percent of sales. Ending
inventories are sufficient for 120 percent of the next month's
sales. Purchases during any given month are paid in full during the
following month. All sales are on account, with 50 percent
collected during the month of sale, 40 percent during the next
month, and 10 percent during the month thereafter. Money can be
borrowed and repaid in multiples of $1,000 at an interest rate of
12 percent per year. The company desires a minimum cash balance of
$2,000 on the first of each month. At the time the principal is
repaid, interest is paid on the portion of principal that is
repaid. All borrowing is at the beginning of the month, and all
repayment is at the end of the month. Money is never repaid at the
end of the month it is borrowed.
(a) Prepare a purchases budget for each month of the second quarter
ending June 30, 2010.
| Peyton Department Store Monthly Purchase Budget Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Budgeted purchases | 31,000 |
36,000 |
47,000 |
114,000 |
(b) Prepare a cash receipts schedule for each month of the second quarter ending June 30, 2010. Do not include borrowings.
| Peyton Department Store Schedule of Monthly Cash Receipts Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Total cash receipts | 46,000 | 54,000 | 64,000 | 164,000 |
(c) Prepare a cash disbursements schedule for each month of the second quarter ending June 30, 2010. Do not include repayments of borrowings.
| Peyton Department Store Schedule of Monthly Cash Disbursements Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Total cash disbursements | 72,000 |
60,000 |
65,000 | 197,000 |
(d) Prepare a cash budget for each month of the second quarter ending June 30, 2010. Include budgeted borrowings and repayments.
Only use negative signs, if needed, for: excess receipts over disbursements, balance before borrowings and cash balances (beginning and ending).
| Peyton Department Store Monthly Cash Budget Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Cash balance, beginning | 2000 |
2000 |
2000 |
6000 |
| Receipts | 46,000 |
54,000 |
64,000 |
164,000 |
| Disbursements | 72,000 |
60,000 |
65,00 |
197,000 |
| Excess receipts over disb. | -26,000 |
-6000 |
1000 |
-33000 |
| Balance before borrowings | -24000 |
-4000 |
1000 |
31000 |
| Borrowings | 26,000 |
6000 |
1000 |
33000 |
| Loan repayments | 0 |
0 |
0 |
0 |
| Cash balance, ending | 2000 |
2000 |
2000 |
2000 |
(e) Prepare an income statement for each month of the second quarter ending June 30, 2010.
Only use negative signs to show net losses in income.
| Peyton Department Store Budgeted Monthly Income Statements Quarter Ending June 30, 2010 |
||||
|---|---|---|---|---|
| April | May | June | Total | |
| Sales | 50000 |
60000 |
70000 |
180000 |
| cost of sales | 25000 |
30,000 |
35,000 |
90,000 |
| Gross profit | 25,000 |
30000 |
35,000 |
90,000 |
| Operating expenses: | ||||
| Wages and salaries | 27000 |
27000 |
27000 |
81,000 |
| Depreciation | 100 |
100 |
100 |
300 |
| Utilities | 1000 |
1000 |
1000 |
3000 |
| Rent |
1000 |
1000 |
1000 |
3000 |
| Insurance | 400 |
400 |
400 |
1200 |
| Interest | Answer | Answer | Answer | Answer |
| Total expenses | Answer | Answer | Answer | Answer |
| Net income | Answer | Answer | Answer | Answer |
(f) Prepare a budgeted balance sheet as of June 30, 2010.
| Peyton Department Store Budgeted Balance Sheet June 30, 2010 |
||||
|---|---|---|---|---|
| Assets | Liabilities and Equity | |||
| Cash | 2000 | Merchandise payable | 47,000 | |
| Accounts receivable | 41000 | Dividend payable | 17000 | |
| Inventory | 54000 | Rent payable | 1000 | |
| Prepaid insurance | 800 | Loans payable | 33,000 | |
| Fixtures | 24,700 | Interest payable | Answer | |
| Total assets | 122500 | Stockholders' equity | Answer | |
| Total liab. & equity | 122500 | |||
In: Accounting
Broussard Skateboard's sales are expected to increase by 20%
from $7.2 million in 2018 to $8.64 million in 2019. Its assets
totaled $6 million at the end of 2018.
Broussard is already at full capacity, so its assets must grow at
the same rate as projected sales. At the end of 2018, current
liabilities were $1.4 million, consisting of $450,000 of accounts
payable, $500,000 of notes payable, and $450,000 of accruals. The
after-tax profit margin is forecasted to be 4%, and the forecasted
payout ratio is 65%. What would be the additional funds needed? Do
not round intermediate calculations. Round your answer to the
nearest dollar.
In: Finance
Patton Company purchased $1,500,000 of 10% bonds of Scott Company on January 1, 2018, paying $1,410,375. The bonds mature January 1, 2028; interest is payable each July 1 and January 1. The discount of $89,625 provides an effective yield of 11%. Patton Company uses the effective-interest method and plans to hold these bonds to maturity.
*USE T ACCOUNTS
On July 1, 2018, Patton Company should increase its Debt Investments account for the Scott Company bonds by?
For the year ended December 31, 2018, Patton Company should report interest revenue from the Scott Company bonds of?
In: Accounting
On October 1, 2018, the Allegheny Corporation purchased
machinery for $191,000. The estimated service life of the machinery
is 10 years and the estimated residual value is $4,000. The machine
is expected to produce 340,000 units during its life.
Required:
Calculate depreciation for 2018 and 2019 using each of the
following methods. Partial-year depreciation is calculated based on
the number of months the asset is in service.
1. Straight line.
2. Sum-of-the-years’-digits.
3. Double-declining balance.
4. One hundred fifty percent declining
balance.
5. Units of production (units produced in 2018,
17,000; units produced in 2019, 32,000).
In: Accounting
At the beginning of 2018, Quentin and Kopps (Q&K) adopted the dollar-value LIFO (DVL) inventory method. On that date the value of its one inventory pool was $81,000. The company uses an internally generated cost index to convert ending inventory to base year.
Required:
Determine the missing amounts in the inventory data for 2018
through 2021.
| Year Ended | Ending Inventory At | Ending Inventory At | Ending Inventory At | |
| 31-Dec | Year-End Costs | Base Year Costs | Cost Index | DVL Cost |
| 2018 | $ 95,550.00 | $ 91,000.00 | 1.05 | |
| 2019 | $ 134,520.00 | 1.10 | ||
| 2020 | $ 146,640.00 | $ 122,200.00 | ||
| 2021 | 1.25 | $ 130,820.00 |
In: Accounting