Following are selected balance sheet accounts of Windsor Bros.
Corp. at December 31, 2020 and 2019, and the increases or decreases
in each account from 2019 to 2020. Also presented is selected
income statement information for the year ended December 31, 2020,
and additional information.
| Selected balance sheet accounts | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Assets |
2020 |
2019 |
Increase |
||||||
|
Accounts receivable |
$34,100 | $23,900 | $10,200 | ||||||
|
Property, plant, and equipment |
276,600 | 247,300 | 29,300 | ||||||
|
Accumulated depreciation—plant assets |
(179,700 | ) | (165,400 | ) | (14,300 | ) | |||
| Liabilities and stockholders’ equity |
2020 |
2019 |
Increase |
||||||
|
Bonds payable |
$ 48,800 | $46,200 | $2,600 | ||||||
|
Dividends payable |
7,900 | 4,900 | 3,000 | ||||||
|
Common stock, $1 par |
21,800 | 19,000 | 2,800 | ||||||
|
Additional paid-in capital |
8,900 | 2,900 | 6,000 | ||||||
|
Retained earnings |
103,500 | 90,400 | 13,100 | ||||||
| Selected income statement information for the year ended December 31, 2020: | |||||||||
|
Sales revenue |
$156,600 | ||||||||
|
Depreciation |
38,300 | ||||||||
|
Gain on sale of equipment |
14,700 | ||||||||
|
Net income |
31,000 | ||||||||
Additional information:
| 1. | During 2020, equipment costing $44,500 was sold for cash. | |
| 2. | Accounts receivable relate to sales of merchandise. | |
| 3. | During 2020, $20,100 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. |
Determine the category (operating, investing, or financing) and the
amount that should be reported in the statement of cash flows for
the following items.
|
Activity |
||||||
|---|---|---|---|---|---|---|
| (a) |
Payments for purchase of property, plant, and equipment. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
|||
| (b) |
Proceeds from the sale of equipment. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
|||
| (c) |
Cash dividends paid. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
|||
| (d) |
Redemption of bonds payable. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
In: Accounting
Following are selected balance sheet accounts of Pharoah Bros. Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information.
| Selected balance sheet accounts | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Assets |
2020 |
2019 |
Increase |
||||||
|
Accounts receivable |
$34,100 | $23,900 | $10,200 | ||||||
|
Property, plant, and equipment |
277,700 | 247,800 | 29,900 | ||||||
|
Accumulated depreciation—plant assets |
(176,500 | ) | (168,200 | ) | (8,300 | ) | |||
| Liabilities and stockholders’ equity |
2020 |
2019 |
Increase |
||||||
|
Bonds payable |
$ 49,300 | $46,500 | $2,800 | ||||||
|
Dividends payable |
7,900 | 4,900 | 3,000 | ||||||
|
Common stock, $1 par |
22,200 | 19,200 | 3,000 | ||||||
|
Additional paid-in capital |
9,100 | 3,000 | 6,100 | ||||||
|
Retained earnings |
103,800 | 90,500 | 13,300 | ||||||
| Selected income statement information for the year ended December 31, 2020: | |||||||||
|
Sales revenue |
$156,300 | ||||||||
|
Depreciation |
37,700 | ||||||||
|
Gain on sale of equipment |
14,700 | ||||||||
|
Net income |
31,000 | ||||||||
Additional information:
| 1. | During 2020, equipment costing $45,000 was sold for cash. | |
| 2. | Accounts receivable relate to sales of merchandise. | |
| 3. | During 2020, $20,200 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. |
Determine the category (operating, investing, or financing) and the
amount that should be reported in the statement of cash flows for
the following items.
|
Activity |
||||||
|---|---|---|---|---|---|---|
| (a) |
Payments for purchase of property, plant, and equipment. |
select a kind of activityFinancingInvestingOperating FinancingInvestingOperating |
$enter a dollar amount |
|||
| (b) |
Proceeds from the sale of equipment. |
select a kind of activityFinancingInvestingOperating FinancingInvestingOperating |
$enter a dollar amount |
|||
| (c) |
Cash dividends paid. |
select a kind of activityFinancingInvestingOperating FinancingInvestingOperating |
$enter a dollar amount |
|||
| (d) |
Redemption of bonds payable. |
select a kind of activityFinancingInvestingOperating FinancingInvestingOperating |
$enter a dollar amount |
In: Accounting
Following are selected balance sheet accounts of Sheridan Bros.
Corp. at December 31, 2020 and 2019, and the increases or decreases
in each account from 2019 to 2020. Also presented is selected
income statement information for the year ended December 31, 2020,
and additional information.
| Selected balance sheet accounts | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Assets |
2020 |
2019 |
Increase |
||||||
|
Accounts receivable |
$34,000 | $24,100 | $9,900 | ||||||
|
Property, plant, and equipment |
278,500 | 249,400 | 29,100 | ||||||
|
Accumulated depreciation—plant assets |
(176,300 | ) | (168,400 | ) | (7,900 | ) | |||
| Liabilities and stockholders’ equity |
2020 |
2019 |
Increase |
||||||
|
Bonds payable |
$ 49,000 | $45,900 | $3,100 | ||||||
|
Dividends payable |
8,000 | 5,100 | 2,900 | ||||||
|
Common stock, $1 par |
22,100 | 18,900 | 3,200 | ||||||
|
Additional paid-in capital |
9,100 | 3,000 | 6,100 | ||||||
|
Retained earnings |
104,600 | 90,600 | 14,000 | ||||||
| Selected income statement information for the year ended December 31, 2020: | |||||||||
|
Sales revenue |
$154,400 | ||||||||
|
Depreciation |
38,100 | ||||||||
|
Gain on sale of equipment |
14,700 | ||||||||
|
Net income |
30,900 | ||||||||
Additional information:
| 1. | During 2020, equipment costing $45,200 was sold for cash. | |
| 2. | Accounts receivable relate to sales of merchandise. | |
| 3. | During 2020, $20,100 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. |
Determine the category (operating, investing, or financing) and the
amount that should be reported in the statement of cash flows for
the following items.
|
Activity |
||||||
|---|---|---|---|---|---|---|
| (a) |
Payments for purchase of property, plant, and equipment. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
|||
| (b) |
Proceeds from the sale of equipment. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
|||
| (c) |
Cash dividends paid. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
|||
| (d) |
Redemption of bonds payable. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
In: Accounting
Question 3
Comparative financial statement data of Tardis Plc
follow:
Tardis Plc
Comparative Income Statement
For the year ended 30 June 2020
| 2020 | 2019 | |
| Net Sales | 667,000 | 599,000 |
| Cost of Goods Sold | (378,000) | (283,000) |
| Gross Profit | 289,000 | 316,000 |
| Operating Expenses | 129,000 | 147,000 |
| Interest Expense | 57,000 | 41,000 |
| Total Expenses | 186,000 | 188,000 |
| Profit Before Incoming Tax | 103,000 | 128,000 |
| Income Tax Expense | 34,000 | 53,000 |
| Net Profit | 69,000 | 75,000 |
Tardis Plc
Comparative Balance Sheet
As of 30 June 2020
| 2020 | 2019 | 2018 | |
| Current Assets: | |||
| Cash | 37,000 | 40,000 | |
| Account Receivable | 208,000 | 151,000 | 183,000 |
| Inventories | 352,000 | 286,000 | 184,000 |
| Prepaid Expenses | 5,000 | 20,000 | |
| Total Current Assets | 602,000 | 497,000 | |
| Property Plant and Equipment | 287,000 | 276,000 | |
| Total Assets | 889,000 | 773,000 | 707,000 |
| Total Current Liabilities | 286,000 | 267,000 | |
| Long Term Liabilities | 245,000 | 235,000 | |
| Total Liabilities | 531,000 | 502,000 | |
| Preference Share Capital | 50,000 | 50,000 | |
| Ordinary Share Capital | 308,000 | 221,000 | 148,000 |
| Total Liabilities and Shareholders' Equity | 889,000 | 773,000 |
Other information:
1. The market price of Tardis Plc ordinary shares:
$36.75 at 30 June 2020,
and $50.50 at 30 June 2019
2. Ordinary shares outstanding 15,000 during 2020 and 14,000 during 2019
3. All sales of CREDIT
Required:
1. Calculate the following ratios for 2020
and 2019
(a) Current ratio
(b) Inventory turnover
(c) Times interest earned
(d) Return on Ordinary equity
(e) Earnings per share of ordinary shares
(f) Price /Earnings ratio
2. Comment on the company’s performance and decide whether Tardis’ financial position improved or deteriorated during 2020 and the investment attractiveness of its ordinary shares.
In: Accounting
Following are selected balance sheet accounts of Headland Bros.
Corp. at December 31, 2020 and 2019, and the increases or decreases
in each account from 2019 to 2020. Also presented is selected
income statement information for the year ended December 31, 2020,
and additional information.
| Selected balance sheet accounts | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Assets |
2020 |
2019 |
Increase |
||||||
|
Accounts receivable |
$33,800 | $23,900 | $9,900 | ||||||
|
Property, plant, and equipment |
278,600 | 247,600 | 31,000 | ||||||
|
Accumulated depreciation—plant assets |
(177,600 | ) | (165,700 | ) | (11,900 | ) | |||
| Liabilities and stockholders’ equity |
2020 |
2019 |
Increase |
||||||
|
Bonds payable |
$ 48,800 | $45,600 | $3,200 | ||||||
|
Dividends payable |
8,100 | 4,900 | 3,200 | ||||||
|
Common stock, $1 par |
22,200 | 19,200 | 3,000 | ||||||
|
Additional paid-in capital |
9,000 | 3,100 | 5,900 | ||||||
|
Retained earnings |
103,300 | 91,500 | 11,800 | ||||||
| Selected income statement information for the year ended December 31, 2020: | |||||||||
|
Sales revenue |
$156,400 | ||||||||
|
Depreciation |
37,700 | ||||||||
|
Gain on sale of equipment |
14,500 | ||||||||
|
Net income |
31,200 | ||||||||
Additional information:
| 1. | During 2020, equipment costing $45,000 was sold for cash. | |
| 2. | Accounts receivable relate to sales of merchandise. | |
| 3. | During 2020, $20,200 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. |
Determine the category (operating, investing, or financing) and the
amount that should be reported in the statement of cash flows for
the following items.
|
Activity |
||||||
|---|---|---|---|---|---|---|
| (a) |
Payments for purchase of property, plant, and equipment. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
|||
| (b) |
Proceeds from the sale of equipment. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
|||
| (c) |
Cash dividends paid. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
|||
| (d) |
Redemption of bonds payable. |
select a kind of activity FinancingInvestingOperating |
$enter a dollar amount |
In: Accounting
There are different perspectives on human population growth and the dynamics associated with population change. Go to CIA World Factbook website and one developing country and compare the following and answer the questions:
Example of a developed country: China
Example of a developing country: Sudan
Please help me answer the following questions with the information I have provided above.
1. Why do you think the population is increasing or decreasing for that country? Try to explain at least two reasons as to why this is happening?
2. How do diseases affect the population? Can you think about any diseases that have affected the human population? (Please use peer reviewed sources to support your answer).
3. Looking at the countries you compared, what are the toxins present in the environment that impact human health? Provide one example for each country.
In: Economics
One amount is missing in the following trial balance of proprietary accounts, and another is missing from the trial balance of budgetary accounts of the Save Our Resources Commission of the federal government. This trial balance was prepared before budgetary accounts were adjusted, such as returning unused appropriations. The debits are not distinguished from the credits.
| SAVE OUR RESOURCES COMMISSION | |||
| Preclosing Trial Balance | |||
| September 30, 2020 | |||
| Proprietary accounts: | |||
| Accounts Payable | $ | 135,000 | |
| Accumulated Depreciation—Plant and Equipment | 5,351,000 | ||
| Appropriations Used | 4,501,000 | ||
| Fund Balance with Treasury—2020 | ? | ||
| Operating Materials and Supplies | 64,000 | ||
| Cumulative Results of Operations—10/1/19 | 1,010,000 | ||
| Operating/Program Expenses |
2,151,000 |
||
| Depreciation and Amortization | 751,000 | ||
| Plant and Equipment | 8,112,000 | ||
| Unexpended Appropriations—2020 | 411,000 | ||
| Budgetary accounts: | |||
| Other Appropriations Realized—2020 | ? | ||
| Expended Authority—2020 | 4,501,000 | ||
| Undelivered Orders—2020 | 311,000 | ||
| Allotments—2020 | 101,000 | ||
In completing the assignment, assume that all assets are entity assets, Fund Balance with Treasury is an intragovernmental asset, and all other assets are governmental. Also, assume that Other Appropriations Realized—2019 were zero.
Required
I have been able to separate out the Preclosing Trial Balance into debits and credits and came up with a funds balance of $330,000 and an other appropriations of $4,913,000. The text provides a similar Statement of Budgetary Resources, but I can't seem to get it to work
The table provided is as follows (bold lines are the blanks that need to be filled in):
Budgetary Resources:
Budgetary Authority
Status of Budgetary Resources:
New Obligations & Upward Adjustments
Total Status of Budgetary Resources
Changes in Obligated Balance
Unpaid Obligations, Beginning of the Year
New Obligations & Upward Adjustments
Outlays (Disbursements)
Unpaid Obligations, End of Year
In: Accounting
1) A bond's yield to maturity takes into consideration:
A. current yieldbut not price changes of a bond.
B. price changesbut not current yield of a bond.
C. both currentyield and price changes of a bond.
D. neither current yield nor price changes of a bond.
2: 3) What price will be paid for a U.S. Treasury bond with an
ask price of 135:20?
A. $1,350.20
B. $1,350.31
C. $1,350.63
D. $1,356.25
|
8) What can be expected to happen when stocks having the same
expected risk do nothave the same expected return? |
16) The manager of XYZ Corp. feels that a dividend increase will
increase stock price because many investors value stock with a
dividend-discount model. Why might MM disagree with this
assertion?
A. The increased dividend makes the firm much riskier.
B. Future dividendgrowth may slow due to lower retained
earnings.
C. Investors prefer capital gains over dividends.
D. Dividend increaseswill increase the book value but not the
market value of the firm.
|
17) The cost of a merger may outweigh the potential gain if
the: |
|
18) The shareholders of firm A have offered 1 million shares
valued at $10 each to acquire firm B. After the merger is
announced, stock A trades for $9 per share. Which of the following
statements is not correct? |
Please explain why to those questions. Thank you.
In: Finance
Match the descriptions/use to the most appropriate terms that follow:
1. _____Used widely to estimate fair values for many tangible assets acquired in business combinations. Estimates fair values by reference to the current price of replacing an asset with one of comparable utility.
2. ____Acquiring companies totals give a true representation of consolidation figures.
3._____It is easy to apply and often reflects cash flows from the subsidiary.
4. _____Pharmaceutical and high-tech industries have allocated significant portions of acquired business to this particular financial statement account.
5. ______The fair value of many liabilities assumed can be determined by reference to trades for similar debt
A. Goodwill Impairment
B. Market Approach
C. FASB ASC Topics 810
D. FASB ASC Topic 350
E. Equity Method
F. Cost Approach
G. Income Approach
H. Acquired In-Process Research and Development
I. Initial Value Method
J. Partial Equity Method
K. Goodwill
L. Gain on Bargain Purchase
In: Accounting
For each behavior, apply ONE of the theoretical perspectives to explain. Learning Theory to explain ‘Aggression’, you may NOT use learning Theory for either ‘Being Organized’ or ‘Smoking.’
Question 1
a. For Learning Theory, State whether you will be describing Classical Conditioning, Operant Conditioning, or Social Learning.
Use that theory explain how one of the behaviors (Aggression, Being Organized, or Smoking) may have been acquired. (Three sentences or so!)
b. For Biological Theory, State whether you will be describing Classical Conditioning, Operant Conditioning, or Social Learning.
Use Biological theory explain how one of the behaviors (Aggression, Being Organized, or Smoking) may have been acquired (Three sentences or so!)
c. For Psychoanalytic theory, State whether you will be describing Classical Conditioning, Operant Conditioning, or Social Learning.
Use that theory explain how one of the behaviors (Aggression, Being Organized, or Smoking) may have been acquired (Three sentences or so!)
d. Please cut-and-paste your APA style references that you used to complete this assignment.
In: Psychology