The following data set provides information on the lottery sales, proceeds, and prizes by year in Iowa.

You decided to find the linear equation that corresponds to sales and year. Create a graph using the sales and year. Add the linear equation to the graph. What is the y-intercept of the linear equation?

Round each value below to the nearest integer.

Provide your answer below: ____E+ ___

26.)What would be the monthly payment on a 5 year loan of $24,000 if the interest rate is 5.0% compounded montly?

true or false:

27.)When doing a comparison of ratios for your company, the comparison probably should be with the industry average.

28.)When taking out a loan you would rather get an interest rate of 7% compounded monthly, instead of one compounded daily.

29.)Which of the following financial ratios are market-based ratios?

30.)Window dressing is:

Company imports and sells bottles. At the beginning of the year 2018, the company had 900 bottles and the cost of goods was 2.700.000. The company does not use a perpetual inventory system.

A) Calculate the cost of ending inventory using FIFO, LIFO and weighted-average method.

B) What is the cost of goods sold for all three methods?

C) Which method gives the highest net income?

Waterways (9) Corporation is preparing its budget for the coming year. The first step is to plan for the first quarter of that coming year. Waterways gathered the following information from the managers.

Sales:

Waterways wants to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31 totaled 183,780.

Direct Materials:

The product uses metal, plastic, and rubber. In total, each unit requires 2 pounds of material at an average cost of 0.75 per pound.

Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Payment for materials is made within 15 days. 50% is paid in the month of purchase and 50% is paid in the month after purchase. Accounts Payable on December totaled $120,595. Raw materials on December 31 totaled 11,295 pounds.

Direct Labor:

Labor requires 12 minutes per unit for completion and is paid at a rate of $18 per hour.

Manufacturing Overhead:

Selling and Administrative Expenses:

Variable selling and administrative cost per unit is $2.40.

Other Information:

The cash balance on December 31 totaled $220,500, but management has decided that it wants to maintain a cash balance of at least $750,000 beginning January 31. Dividends are paid each month at the rate of $2.50 per share for 5,000 shares outstanding. The company has an open line of credit with the First National Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 8% interest. Waterways borrows on the first day of the month and repays on the last day of the month. Reserve repayment, if required, until Waterways can pay the entire amount. A $250,000 equipment purchase is planned for February.

Instructions (Do all parts):

Note: All budgets and schedules should be prepared by month for the first quarter (January, February, and March). Round all figures to the nearest dollar. For labor hours round to whole hours.

a. Prepare a sales budget.

b. Prepare a production budget.

c. Prepare a direct materials budget.

d. Prepare a direct labor budget.

e. Prepare a manufacturing overhead budget.

f. Prepare a selling and administrative budget.

g. Prepare a schedule for expected cash collections from customers.

h. Prepare a schedule for expected payments for materials purchases.

i. Prepare a cash budget.

Midlands Inc. had a bad year in 2016. For the first time in its history, it operated at a loss. The company’s income statement showed the following results from selling 77,000 units of product: net sales $2,310,000; total costs and expenses $2,180,000; and net loss $-130,000. Costs and expenses consisted of the following.

Management is considering the following independent alternatives for 2017.

(a) Compute the break-even point in dollars for 2017. (Round contribution margin ratio to 2 decimal places e.g. 0.25 and final answer to 0 decimal places, e.g. 2,510.)

(b) Compute the break-even point in dollars under each of the alternative courses of action. (Round contribution margin ratio to 4 decimal places e.g. 0.2512 and final answers to 0 decimal places, e.g. 2,510.)

Which course of action do you recommend?

Alternative 1

I do not know how to get the middle section of this question 1., 2.,3.

At the beginning of its fiscal year 2019, an analyst made the following forecast for GM, Inc. (in millions of dollars):

GM did not have any short-term and long-term debt at the beginning of 2019. Assume that free cash flow will grow at 5 percent per year in 2023 and 2024, after that this will grow at 4 percent per year. GM had 305 million shares outstanding at the beginning of 2019, trading at $73.25 per share. Using a required return of 10 percent, calculate the following for GM at the beginning of 2019:

1. The enterprise value.                                                                                   [6 marks]
2. Equity value.                                                                                               [1 marks]
3. Equity value per share.                                                                                [2 marks]
4. Based on your estimate, should investors buy the share of this company?      [1 marks]

This assignment is based on the 10-K for Yum Brands Inc. for the year ended December 31, 2017. You can obtain Yum’s 10-K from the SEC’s Edgar data base of company

https://www.sec.gov/ix?doc=/Archives/edgar/data/1041061/000104106118000013/yum10k12312017.htm

A- In the Management and Discussion Analysis section, under the heading “Critical Accounting Policies and Estimates,” Yum discusses its accounting for income taxes. Summarize that discussion in your own words.

B- In aggregate, what journal entry did Yum make to accrue income taxes for the year ended December 31, 2017? Your approach here will need to differ from what was discussed in class. Here you have income tax expense and will need to back into income tax payable.

Victor invests 300 into a bank account at the beginning of each year for 20 years. The account pays out interest at the end of every year at an annual effective interest rate of i% . The interest is reinvested at an annual effective rate of i / 2 %. The yield rate on the entire investment over the 20 year period, if he would only make deposits of 300 due is 8% annual effective. Determine i.

the interest rate in the united states are 2% per year while the interest rate in the united kingdom is 1% per year the spot rate and the forward rate between the us dollars ad the british pounds are as follows.

S(USD/GBP)   bid price is 1.3290 and the ask price is 1.3300

F6(USD/GBP) bid price is 1.3195 and the ask price is 1.3200

you can borrow usd 100,000 or gbp 100,000 in the united kingdom and your investment horizon is half a year

are you able to make a gauranteed profit through a covered interest arbitrage? if so explain clearly how you are able to take advantage of it and calculate the amount of profit you will be able to make show your calculations