Calculate the 5-day and 50-day simple MA for the stock price from 28 Oct 2016 to 14 June 2017. Plot the MA5 and MA50. How many golden crosses (if any) are there?
| Date | Time | Closing Price | 5-day MA | 50-day MA |
| 2016/10/28 | 1 | 204 | ||
| 2016/10/31 | 2 | 205.399994 | ||
| 2016/11/1 | 3 | 206 | ||
| 2016/11/2 | 4 | 203 | ||
| 2016/11/3 | 5 | 200.199997 | ||
| 2016/11/4 | 6 | 199.699997 | ||
| 2016/11/7 | 7 | 202.600006 | ||
| 2016/11/8 | 8 | 203.600006 | ||
| 2016/11/9 | 9 | 202.399994 | ||
| 2016/11/10 | 10 | 204.800003 | ||
| 2016/11/11 | 11 | 206.199997 | ||
| 2016/11/14 | 12 | 204.199997 | ||
| 2016/11/15 | 13 | 203.399994 | ||
| 2016/11/16 | 14 | 203.399994 | ||
| 2016/11/17 | 15 | 204 | ||
| 2016/11/18 | 16 | 203 | ||
| 2016/11/21 | 17 | 202.399994 | ||
| 2016/11/22 | 18 | 203.800003 | ||
| 2016/11/23 | 19 | 203.600006 | ||
| 2016/11/24 | 20 | 203.800003 | ||
| 2016/11/25 | 21 | 205 | ||
| 2016/11/28 | 22 | 204.800003 | ||
| 2016/11/29 | 23 | 203.600006 | ||
| 2016/11/30 | 24 | 204 | ||
| 2016/12/1 | 25 | 204.199997 | ||
| 2016/12/2 | 26 | 202.800003 | ||
| 2016/12/5 | 27 | 197.399994 | ||
| 2016/12/6 | 28 | 196.399994 | ||
| 2016/12/7 | 29 | 193.600006 | ||
| 2016/12/8 | 30 | 195 | ||
| 2016/12/9 | 31 | 192.699997 | ||
| 2016/12/12 | 32 | 189.600006 | ||
| 2016/12/13 | 33 | 189.600006 | ||
| 2016/12/14 | 34 | 190 | ||
| 2016/12/15 | 35 | 186.899994 | ||
| 2016/12/16 | 36 | 185.100006 | ||
| 2016/12/19 | 37 | 182.600006 | ||
| 2016/12/20 | 38 | 182.100006 | ||
| 2016/12/21 | 39 | 182.100006 | ||
| 2016/12/22 | 40 | 181 | ||
| 2016/12/23 | 41 | 179.899994 | ||
| 2016/12/28 | 42 | 180.699997 | ||
| 2016/12/29 | 43 | 180.899994 | ||
| 2016/12/30 | 44 | 183.199997 | ||
| 2017/1/3 | 45 | 184.300003 | ||
| 2017/1/4 | 46 | 182.600006 | ||
| 2017/1/5 | 47 | 185.300003 | ||
| 2017/1/6 | 48 | 185.399994 | ||
| 2017/1/9 | 49 | 185.600006 | ||
| 2017/1/10 | 50 | 187.5 | ||
| 2017/1/11 | 51 | 188.300003 | ||
| 2017/1/12 | 52 | 186.600006 | ||
| 2017/1/13 | 53 | 186.5 | ||
| 2017/1/16 | 54 | 185 | ||
| 2017/1/17 | 55 | 185.899994 | ||
| 2017/1/18 | 56 | 187.899994 | ||
| 2017/1/19 | 57 | 187.199997 | ||
| 2017/1/20 | 58 | 185.5 | ||
| 2017/1/23 | 59 | 185.199997 | ||
| 2017/1/24 | 60 | 185.199997 | ||
| 2017/1/25 | 61 | 185.800003 | ||
| 2017/1/26 | 62 | 187.800003 | ||
| 2017/1/27 | 63 | 188.699997 | ||
| 2017/2/1 | 64 | 188.5 | ||
| 2017/2/2 | 65 | 187.300003 | ||
| 2017/2/3 | 66 | 186.399994 | ||
| 2017/2/6 | 67 | 187.199997 | ||
| 2017/2/7 | 68 | 186.699997 | ||
| 2017/2/8 | 69 | 195.5 | ||
| 2017/2/9 | 70 | 195.5 | ||
| 2017/2/10 | 71 | 195.800003 | ||
| 2017/2/13 | 72 | 198.699997 | ||
| 2017/2/14 | 73 | 197.800003 | ||
| 2017/2/15 | 74 | 202 | ||
| 2017/2/16 | 75 | 202.399994 | ||
| 2017/2/17 | 76 | 200.199997 | ||
| 2017/2/20 | 77 | 200.800003 | ||
| 2017/2/21 | 78 | 199 | ||
| 2017/2/22 | 79 | 200 | ||
| 2017/2/23 | 80 | 200.399994 | ||
| 2017/2/24 | 81 | 198 | ||
| 2017/2/27 | 82 | 195.399994 | ||
| 2017/2/28 | 83 | 192.699997 | ||
| 2017/3/1 | 84 | 193.5 | ||
| 2017/3/2 | 85 | 192 | ||
| 2017/3/3 | 86 | 191.399994 | ||
| 2017/3/6 | 87 | 191.699997 | ||
| 2017/3/7 | 88 | 192.199997 | ||
| 2017/3/8 | 89 | 191.800003 | ||
| 2017/3/9 | 90 | 190.399994 | ||
| 2017/3/10 | 91 | 190.100006 | ||
| 2017/3/13 | 92 | 191.800003 | ||
| 2017/3/14 | 93 | 192 | ||
| 2017/3/15 | 94 | 194.699997 | ||
| 2017/3/16 | 95 | 197.399994 | ||
| 2017/3/17 | 96 | 196.5 | ||
| 2017/3/20 | 97 | 200.399994 | ||
| 2017/3/21 | 98 | 199.699997 | ||
| 2017/3/22 | 99 | 196.399994 | ||
| 2017/3/23 | 100 | 196.399994 | ||
| 2017/3/24 | 101 | 196.399994 | ||
| 2017/3/27 | 102 | 195 | ||
| 2017/3/28 | 103 | 195.399994 | ||
| 2017/3/29 | 104 | 194.600006 | ||
| 2017/3/30 | 105 | 194.399994 | ||
| 2017/3/31 | 106 | 195.600006 | ||
| 2017/4/3 | 107 | 196.100006 | ||
| 2017/4/5 | 108 | 197.399994 | ||
| 2017/4/6 | 109 | 196 | ||
| 2017/4/7 | 110 | 195.899994 | ||
| 2017/4/10 | 111 | 195.5 | ||
| 2017/4/11 | 112 | 193.800003 | ||
| 2017/4/12 | 113 | 195.199997 | ||
| 2017/4/13 | 114 | 194.199997 | ||
| 2017/4/18 | 115 | 191.699997 | ||
| 2017/4/19 | 116 | 190.800003 | ||
| 2017/4/20 | 117 | 191.5 | ||
| 2017/4/21 | 118 | 190.800003 | ||
| 2017/4/24 | 119 | 190.800003 | ||
| 2017/4/25 | 120 | 192 | ||
| 2017/4/26 | 121 | 193.699997 | ||
| 2017/4/27 | 122 | 194.100006 | ||
| 2017/4/28 | 123 | 191.600006 | ||
| 2017/5/2 | 124 | 191.600006 | ||
| 2017/5/4 | 125 | 190.600006 | ||
| 2017/5/5 | 126 | 189.300003 | ||
| 2017/5/8 | 127 | 189.600006 | ||
| 2017/5/9 | 128 | 194.399994 | ||
| 2017/5/10 | 129 | 194.199997 | ||
| 2017/5/11 | 130 | 195.699997 | ||
| 2017/5/12 | 131 | 195.5 | ||
| 2017/5/15 | 132 | 197.100006 | ||
| 2017/5/16 | 133 | 196.699997 | ||
| 2017/5/17 | 134 | 197.699997 | ||
| 2017/5/18 | 135 | 195.300003 | ||
| 2017/5/19 | 136 | 195.699997 | ||
| 2017/5/22 | 137 | 196.399994 | ||
| 2017/5/23 | 138 | 195.199997 | ||
| 2017/5/24 | 139 | 194.899994 | ||
| 2017/5/25 | 140 | 196.300003 | ||
| 2017/5/26 | 141 | 196 | ||
| 2017/5/29 | 142 | 197.199997 | ||
| 2017/5/31 | 143 | 196.699997 | ||
| 2017/6/1 | 144 | 196.800003 | ||
| 2017/6/2 | 145 | 205 | ||
| 2017/6/5 | 146 | 203.800003 | ||
| 2017/6/6 | 147 | 205 | ||
| 2017/6/7 | 148 | 204.199997 | ||
| 2017/6/8 | 149 | 205.600006 | ||
| 2017/6/9 | 150 | 205.399994 | ||
| 2017/6/12 | 151 | 199.699997 | ||
| 2017/6/13 | 152 | 201 | ||
| 2017/6/14 | 153 | 200.600006 |
In: Finance
Post the total amounts from the journal in the following general ledger accounts and in the accounts receivable subsidiary ledger accounts for Paula Kohr, Page Alistair, and Nic Nelson.
[The following information applies to the questions
displayed below.]
Wiset Company completes these transactions during April of the
current year (the terms of all its credit sales are 2/10,
n/30).
| Apr. | 2 | Purchased $15,600 of merchandise on credit from Noth Company, invoice dated April 2, terms 2/10, n/60. | |||
| 3 | (a) | Sold merchandise on credit to Page Alistair, Invoice No. 760, for $4,300 (cost is $3,100). | |||
| 3 | (b) | Purchased $1,590 of office supplies on credit from Custer, Inc. Invoice dated April 2, terms n/10 EOM. | |||
| 4 | Issued Check No. 587 to World View for advertising expense, $868. | ||||
| 5 | Sold merchandise on credit to Paula Kohr, Invoice No. 761, for $9,900 (cost is $6,900). | ||||
| 6 | Received an $80 credit memorandum from Custer, Inc., for the return of some of the office supplies received on April 3. | ||||
| 9 | Purchased $11,850 of store equipment on credit from Hal’s Supply, invoice dated April 9, terms n/10 EOM. | ||||
| 11 | Sold merchandise on credit to Nic Nelson, Invoice No. 762, for $11,700 (cost is $6,500). | ||||
| 12 | Issued Check No. 588 to Noth Company in payment of its April 2 invoice less the discount. | ||||
| 13 | (a) | Received payment from Page Alistair for the April 3 sale less the discount. | |||
| 13 | (b) | Sold $12,400 of merchandise on credit to Page Alistair (cost is $3,400), Invoice No. 763. | |||
| 14 | Received payment from Paula Kohr for the April 5 sale less the discount. | ||||
| 16 | (a) | Issued Check No. 589, payable to Payroll, in payment of sales salaries expense for the first half of the month, $10,400. Cashed the check and paid employees. | |||
| 16 | (b) | Cash sales for the first half of the month are $52,660 (cost is $36,700). (Cash sales are recorded daily from cash register data but are recorded only twice in this problem to reduce repetitive entries.) | |||
| 17 | Purchased $11,400 of merchandise on credit from Grant Company, invoice dated April 17, terms 2/10, n/30. | ||||
| 18 | Borrowed $60,000 cash from First State Bank by signing a long-term note payable. | ||||
| 20 | (a) | Received payment from Nic Nelson for the April 11 sale less the discount. | |||
| 20 | (b) | Purchased $820 of store supplies on credit from Hal’s Supply, invoice dated April 19, terms n/10 EOM. | |||
| 23 | (a) | Received a $700 credit memorandum from Grant Company for the return of defective merchandise received on April 17. | |||
| 23 | (b) | Received payment from Page Alistair for the April 13 sale less the discount. | |||
| 25 | Purchased $11,185 of merchandise on credit from Noth Company, invoice dated April 24, terms 2/10, n/60. | ||||
| 26 | Issued Check No. 590 to Grant Company in payment of its April 17 invoice less the return and the discount. | ||||
| 27 | (a) | Sold $3,180 of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,700). | |||
| 27 | (b) | Sold $8,400 of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is $5,110). | |||
| 30 | (a) | Issued Check No. 591, payable to Payroll, in payment of the sales salaries expense for the last half of the month, $10,400. | |||
| 30 | (b) | Cash sales for the last half of the month are $71,000 (cost is $58,000). |
In: Accounting
A local juice manufacturer distributes juice in bottles labeled 12 ounces. A government agency thinks that the company is cheating its customers. The agency selects 20 of these bottles, measures their contents, and obtains a sample mean of 11.7 ounces with a standard deviation of 0.7 ounce
Use a 5% level of significance
In: Statistics and Probability
The ledger of Althukair Company includes the following accounts. Explain why each account may require adjustment. (a) Prepaid Insurance. (b) Depreciation Expense. (c) Unearned Service Revenue. (d) Interest Payable.
In: Accounting
Describe how Airbnb company can make extra revenue from value added services rather than relying on fixed commission from host and guest ( 300-500 words no plagiarized content)
In: Finance
In: Advanced Math
Carrington would invest in software and some hardware upgrades that will allow them to better analyze the traffic coming in to their website. Total acquisition costs for this option are estimated to be $400,000. This improved analytics capability is expected to lead to increased revenue of $80,000 in year 1, $120,000 in year 2, $250,000 in year 3, $350,000 in year 4, and $500,000 in year 5. The estimated cost of this obtaining this revenue will be 20% per revenue dollar related to sales staff that will analyze this data and use it to generate new client relationships. Carrington will also incur fixed cost of $10,000 per year related to software updates and hardware maintenance. Carrington will set aside $250,000 in working capital for this project and this capital will be recovered at the end of 5 yrs. The salvage value of the new equipment will be $9,000 at the end of 5 yrs. Carrington uses a 10% hurdle rate to evaluate all projects, Acquisition costs qualify for modified accelerated depreciation of 50,30, and 20% in the first three yrs, Being profitable company income would be taxed at Carrington's tax rate of 30%, and all dollar values referenced in this case are in nominal dollars so for analysis ignore the effect of inflation. This option has five year useful life.
1. Calculate the payback period, internal rate of return, and NPV.
2. The data analytics program pays off a lot faster than expected. Revenue is projected to be $200,000 in yr 1, $250,000 in yr 2, $250,000 in yr 3, $300,000 in yr4, and $300,000 in yr 5.
3. The data analytics program pays off slower than expected. Revenue is projected to be $20,000 in yr 1,$80,000 in yr 2, $200,000 in yr 3, $500,000 in yr 4, and $500,000 in Year 5.
4.A great tax plan. Congress is proposing a new corporate tax plan that reduces the federal tax rate that Carrington pays from 30% to 20%. However, this tax plan would also do away with MACRS and replace it with straight line depreciation for tax purposes ( over 5 yrs).
a. Using the original estimates for your designated option, estimate the effect of this tax plan on NPV.
b. Next, given the uncertainty related to the effect of the proposed tax plan on future business, use a 14% hurdle rate instead of the 10% hurdle rate used before in estimating the effect of the plan (i.e just redo 4A).
5. What are some qualitative concerns related to accepting this designated option. Discuss and list at least 2. Provide why each would be considered an advantage or disadvantage.
In: Finance
The following account balances were taken from ABC Company’s unadjusted trial
balance at December 31, 2020:
Accounts Payable ............ $56,000
Accounts Receivable ......... $42,000
Cash ........................ $11,000
Common Stock ................ $63,000
Cost of Goods Sold .......... $52,000
Income Tax Expense .......... $12,000
Insurance Expense ........... $21,000
Inventory ................... $70,000
Land ........................ $68,000
Mortgage Payable ............ $49,000
Patent ...................... $31,000
Prepaid Insurance ........... $17,000
Rental Revenue .............. $46,000
Retained Earnings ........... $72,000 (at January 1, 2020)
Sales Revenue ............... $95,000
Supplies .................... $19,000
Wage Expense ................ $38,000
ABC Company has not yet recorded adjusting entries related to the following
two items:
(1) $11,000 of supplies were used up during 2020.
(2) ABC Company has provided services to a customer totaling $14,000 as of
December 31, 2020. However, the customer has not yet paid ABC Company.
Calculate the net income reported by ABC Company for 2020 after the appropriate
adjusting entries have been recorded and posted.In: Accounting
Writing Wellman Company acquired 30% of the outstanding common stock of Grinwold Inc. on January 1, 2022, by paying $1,800,000 for 60,000 shares. Grinwold declared and paid a $0.50 per share cash dividend on June 30 and again on December 31, 2022. Grinwold reported a net income of $800,000 for the year. a. Total dividend revenue for 2022 $60,000 b. Revenue from stock investments $240,000 Instructions a. Prepare the journal entries for Wellman Company for 2022, assuming Wellman cannot exercise significant influence over Grinwold. (Use the cost method.) b. Prepare the journal entries for Wellman Company for 2022, assuming Wellman can exercise significant influence over Grinwold. (Use the equity method.) c. The board of directors of Wellman Company is confused about the differences between the cost and equity methods. Prepare a memorandum for the board that explains each method and shows in tabular form the account balances under each method at December 31, 2022.
In: Accounting
The comparative balance sheets for 2021 and 2020 and the
statement of income for 2021 are given below for Dux Company.
Additional information from Dux's accounting records is provided
also.
| DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) |
||||||||
| 2021 | 2020 | |||||||
| Assets | ||||||||
| Cash | $ | 78 | $ | 33 | ||||
| Accounts receivable | 53 | 65 | ||||||
| Less: Allowance for uncollectible accounts | (6 | ) | (5 | ) | ||||
| Dividends receivable | 3 | 2 | ||||||
| Inventory | 65 | 60 | ||||||
| Long-term investment | 40 | 36 | ||||||
| Land | 70 | 50 | ||||||
| Buildings and equipment | 277 | 280 | ||||||
| Less: Accumulated depreciation | (45 | ) | (70 | ) | ||||
| $ | 535 | $ | 451 | |||||
| Liabilities | ||||||||
| Accounts payable | $ | 34 | $ | 56 | ||||
| Salaries payable | 4 | 9 | ||||||
| Interest payable | 9 | 3 | ||||||
| Income tax payable | 3 | 6 | ||||||
| Notes payable | 20 | 0 | ||||||
| Bonds payable | 110 | 85 | ||||||
| Less: Discount on bonds | (3 | ) | (4 | ) | ||||
| Shareholders' Equity | ||||||||
| Common stock | 210 | 200 | ||||||
| Paid-in capital—excess of par | 24 | 20 | ||||||
| Retained earnings | 132 | 76 | ||||||
| Less: Treasury stock | (8 | ) | 0 | |||||
| $ | 535 | $ | 451 | |||||
| DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) |
||||||
| Revenues | ||||||
| Sales revenue | $ | 330 | ||||
| Dividend revenue | 3 | $ | 333 | |||
| Expenses | ||||||
| Cost of goods sold | 185 | |||||
| Salaries expense | 24 | |||||
| Depreciation expense | 5 | |||||
| Bad debt expense | 1 | |||||
| Interest expense | 10 | |||||
| Loss on sale of building | 3 | |||||
| Income tax expense | 24 | 252 | ||||
| Net income | $ | 81 | ||||
Additional information from the accounting records:
Required:
Prepare the statement of cash flows of Dux Company for the year
ended December 31, 2021. Present cash flows from operating
activities by the direct method. (Do not round your
intermediate calculations. Enter your answers in thousands (i.e.,
10,000 should be entered as 10). Amounts to be deducted should be
indicated with a minus sign.)
In: Accounting