Riley Incorporated reports the following amounts at the end of the year (all amounts in $000): Cash Depreciation Expense Taxes Payable $ 16,140 3,210 1,020 Product Revenues Mortgage Payable Treasury Stock $ 112,500 38,000 650 Buildings Land Current Portion of Notes and Mortgages Payable 79,000 40,000 2,200 Salaries Accumulated Depreciation 62,800 21,730 Accounts Payable Net Accounts Receivable 18,500 23,500 Equipment Income Tax Expense Discount on Notes Payable 42,000 3,650 7,950 Interest Expense Notes Payable Utilities 4,000 25,650 350 Inventory Costs of Good Sold License Revenues 6,400 17,400 250 Advertising Expense Pre-Paid Expenses 11,300 900 Short Term Investments Wages Payable 2,500 3,200 In addition, the company had common stock of $75,000 at the beginning of the year and issued an additional $5,000 during the year. The company also had retained earnings of $20,700 at the beginning of the year and declared/paid dividends of $2,000 during the year. Prepare the income statement, statement of stockholders’ equity, and balance sheet. Using the account information above develop a Balance Sheet and Income Statement, then answer the next five questions. Q1. Calculate the Net Income After Interest and Taxes. Q2. Calculate the Total Amount of Current Assets Q3. Calculate the Total Amount of Liabilities. Include both current and long term debt. Q4. Calculate the Total Assets for Riley Incorporated. Remember to consider Contra-Assets when making the calculation Q5. Assume that the Net Income After Interest and Taxes for Riley Incorporated is $9,200 (it's not but make this assumption for this question only). Using the other account data shown above for Riley, what is the ending Retained Earnings balance? Q6. AR Balance % Uncollectible Current Accounts $140,000 1% 1 - 30 days past due $15,000 3% 31- 60 days past due $12,000 6% 61- 90 days past due $5,000 12% Over 90 days past due $7,000 30% Total Accounts Receivable $179,000 Grisson Company had a $400 balance in the Allowance for Doubtful Accounts at December 31, 2017, before the current year's provision for uncollectible accounts. An aging the the accounts receivable is provided above. What is the amount of bad debt expense that should be recorded for 2017? Q.7 12/31/2016 12/31/2017 Assets $265,000 $255,000 Liabilities $100,000 $110,000 Capital Stock ? $130,000 Retained Earnings ? ? The above data is for Richard's Bait Shop. During 2017, Richard's net income was $18,000 and $5,000 in dividends were paid out. Calculate the Capital Stock balance at the end of December 2016.
iley Incorporated (Graded Homework)
USE FINANCIAL DATA BELOW FOR HOMEWORK QUESTIONS 1 - 5
Riley Incorporated reports the following amounts at the end of the year (all amounts in $000):
| Cash | $16,140 | Product Revenues | $112,500 |
| Depreciation Expense | 3,210 | Mortgage Payable | 38,000 |
| Taxes Payable | 1,020 | Treasury Stock | 650 |
| Buildings | 79,000 | Salaries | 62,800 |
| Land | 40,000 | Accumulated Depreciation | 21,730 |
| Current Portion - Notes and Mortgage Payable | 2,200 | ||
| Accounts Payable | 18,500 | Equipment | 42,000 |
| Net Accounts Receivable | 23,500 | Income Tax Expense | 3,650 |
| Discounts on Notes Payable | 7,950 | ||
| Interest Expense | 4,000 | Inventory | 6,400 |
| Notes Payable | 25,650 | Costs of Goods Sold | 17,400 |
| Utilities | 350 | License Revenues | 250 |
| Advertising Expense | 11,300 | Short Term Investments (Securities) | 2,500 |
| Prepaid Expense | 900 | Wages Payable | 3,200 |
In addition, the company had common stock of $75,000 at the beginning of the year and issued an additional $5,000 during the year. The company also had retained earnings of $20,700 at the beginning of the year and declared/paid dividends of $2,000 during the year. Prepare the income statement, statement of stockholders’ equity, and balance sheet.
Using the account information above develop a Balance Sheet and Income Statement,
1. Calculate the Net Income After Interest and Taxes
2.Calculate the Total Amount of Current Assets
3.Calculate the Total Amount of Liabilities. Include both current and long term debt.
4.Calculate the Total Assets for Riley Incorporated. Remember to consider Contra-Assets when making the calculation
5.Assume that the Net Income After Interest and Taxes for Riley Incorporated is $9,200 (its not but make this assumption for this question only). Using the other account data shown above for Riley, what is the ending Retained Earnings balance?
| ge | AR Balance | % Uncollectible |
| Current Accounts | $140,000 | 1% |
| 1-30 days past due | $15,000 | 3% |
| 31-60 days past due | $12,000 | 6% |
| 61-90 days past due | $5,000 | 12% |
| Over 90 days past due | $7,000 | 30% |
| Total Accounts Receivable | $179,000 |
Grisson Company had a $400 balance in the Allowance for Doubtful Accounts at December 31, 2017, before the current year's provision for uncollectible accounts. An aging of the accounts receivable is provided above. What is the amount of bad debt expense that should be recorded got 2017?
| 12/31/2016 | 12/31/2017 | |
| Assets | $265,000 | $255,000 |
| Liabilities | $100,000 | $110,000 |
| Capital Stock | ? | $130,000 |
| Retained earnings | ? |
The above data is for Richard's Bait Shop. During 2017, Richard's net income was $18,000 and $5,000 in dividends were paid out. Calculate the Capital Stock balance at the end of December 2016.
In: Accounting
In: Nursing
Singer inc is about to start a 4 year project. A new plant will be built. The plant will require an amount of 40 million to acquire new fixed assets that will be depreciated straight-line through the life of the project. The company also possesses a building that it bought for 5 million and has a net book value of 0. Todays market value for the building is 4.1 million while it can be rented for 220,000 yearly. The company wants to situate its new plant in this building.
The following are todays market data for singer (before the project starts).
- debt: 240,000,000. Interest rate 7,5. Debt is constant
-Common stocks: 9,500,000 shares outstanding. Stock price 63.
-The levered equity beta i 1.2.
-Market 8% expected market risk premium.
-risk free rate: 5%
JP Simon Bank charges singer 1040000 as an underwriter fee on new common stock issues. Singer will raise the funds needed for the project by only issuing stock. The tax rate is 35%. The project will be managed in total separation for the others operations of the firm.
A) Calculate the new projects initial (time 0) cashflow
B) The new project has a risk profile comparable with the riskiness of its assets in place. What is the appropriate opportunity cost of capital for the project=
The Company will incur 4,000,000 in SG&A. The plant will manufacture 20,000 wigets p/year and sell them for 6,900 each. The unit production is 5,400.
C) What is the annual after-tax cashflow from the new project at the end of each of the four years
D) Assuming that the depreciation tax shield is as risky as the company's debt. what is the projects NPV?
In: Finance
Herman Co. is considering a four-year project that will require an initial investment of $9,000. The base-case cash flows for this project are projected to be $14,000 per year. The best-case cash flows are projected to be $21,000 per year, and the worst-case cash flows are projected to be –$2,500 per year. The company’s analysts have estimated that there is a 50% probability that the project will generate the base-case cash flows. The analysts also think that there is a 25% probability of the project generating the best-case cash flows and a 25% probability of the project generating the worst-case cash flows.
1) What would be the expected net present value (NPV) of this project if the project’s cost of capital is 13%?
$29,416
$28,137
$23,021
$25,579
Herman now wants to take into account its ability to abandon the project at the end of year 2 if the project ends up generating the worst-case scenario cash flows. If it decides to abandon the project at the end of year 2, the company will receive a one-time net cash inflow of $3,500 (at the end of year 2). The $3,500 the company receives at the end of year 2 is the difference between the cash the company receives from selling off the project’s assets and the company’s –$2,500 cash outflow from operations. Additionally, if it abandons the project, the company will have no cash flows in years 3 and 4 of the project.
2) Using the information in the preceding problem, find the expected NPV of this project when taking the abandonment option into account.
$28,949
$34,463
$33,084
$27,570
3) What is the value of the option to abandon the project? 1,692 / 1,792 / 1,394 / 1,991 / 1,493?
In: Finance
A 24- year old female was admitted to the hospital complaining of having a repeated episode of severe abdominal pain with bloody diarrhea up to 20 times/day for the past 2 days.
NOTE: Please help me to write an answer based on when doing the diagnosis the patient is suffering from Chronic Stress and all these symptoms are due to her continuous Stress.
In: Nursing
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DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations. |
|
Month |
|||||
| 1 | 2 | 3 | 4 | ||
| Throughput time (days) | ? | ? | ? | ? | |
| Delivery cycle time (days) | ? | ? | ? | ? | |
| Manufacturing cycle efficiency (MCE) | ? | ? | ? | ? | |
| Percentage of on-time deliveries | 77% | 78% | 83% | 90% | |
| Total sales (units) | 10,530 | 10,550 | 10,540 | 10,550 | |
|
Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months: |
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Average per Month (in days) |
|||||||||
| 1 | 2 | 3 | 4 | ||||||
| Move time per unit | 0.5 | 0.6 | 0.7 | 0.5 | |||||
| Process time per unit | 0.3 | 0.5 | 0.5 | 0.7 | |||||
|
Wait time per order before start |
9.6 | 8.0 | 5.0 | 4.0 | |||||
| Queue time per unit | 4.1 | 3.7 | 2.7 | 1.7 | |||||
| Inspection time per unit | 0.6 | 0.3 | 0.6 | 0.4 | |||||
| Required: | |
| 1-a. | Compute the throughput time for each month. (Round your answers to 1 decimal place.) |
| 1-b. |
Compute the manufacturing cycle efficiency (MCE) for each month. (Round your answers to 1 decimal place (i.e., 0.123 should be entered as 12.3).) |
| 1-c. |
Compute the delivery cycle time for each month. (Round your answers to 1 decimal place.) |
| 3-a. |
Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE. (Round your Throughput Time to 1 decimal place. Round your MCE percentage answer to 1 decimal place (i.e., 0.123 should be entered as 12.3).) |
| 3-b. |
Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE. (Round your Throughput Time to 1 decimal place. Round your MCE percentage answer to 1 decimal place (i.e., 0.123 should be entered as 12.3).) |
In: Accounting
In: Accounting
In: Finance
|
Johnson Oil & Gas sold 12,500 BBLs of oil for the year 2018 at a price per BBL of $48. Revenues and costs |
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for Johnson Oil & Gas are presented below: |
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Revenue |
$ 825,000 |
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G&G Costs |
$ 650,000 |
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Acquisition Costs |
$ 1,500,000 |
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Exploratory dry holes |
$ 3,000,000 |
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Successful exploratory wells |
$ 5,000,000 |
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Development wells, dry |
$ 900,000 |
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Development wells, successful |
$ 735,000 |
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Production facilities |
$ 610,000 |
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Production costs |
$ 200,000 |
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Successful Efforts |
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Amortization for 2018 |
$ 200,000 |
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Accumulated DD&A |
$ 500,000 |
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Required: |
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Prepare income statements and unclassified balance sheet for both an SE and FC company, explain the |
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difference in net income. |
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In: Accounting
There was a 2-year old admitted to the hospital for methanol poisoning. Why is methanol poisoning a life threatening scenario? What did the doctors do to the 2-year old to treat the poisoning? Please explain how and why this treatment works.
In: Nursing