Inventory Turnover and days’ sales in inventory

Kracker Corp., Foodstuff, Inc., and Winston Stores, Inc. are three grocery chains in the United States. Inventory management is an important aspect of the grocery retail business. Recent balance sheets for these three companies indicated the following merchandise inventory (in millions) information:

a. & b. Determine the inventory turnover and the number of days’ sales in inventory (use 365 days and round to the nearest day) for the three companies. Round all interim calculations to one decimal place. For days' sales in inventory, round final answers to the nearest day, and for inventory turnover, round to one decimal place.

c. The inventory turnover ratios and days’ sales in inventory are similar  for Kracker and Foodstuff. Winston Stores has a higher  inventory turnover and a lower  days’ sales in inventory than Kracker and Foodstuff. These results suggest that Kracker and Foodstuff are less  efficient than Winston Stores in managing inventory.

d. If Kracker had Winston Stores’ days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? Round interim calculations to one decimal place and your final answer to the nearest million.
$_________ million

Natural Mosaic. Natural Mosaic Company (U.S.) is considering investing Rs50,000,000 in India to create a wholly owned tile manufacturing plant to export to the European market. After five years, the subsidiary would be sold to Indian investors for Rs100,000,000. A pro forma income statement for the Indian operation predicts the generation of Rs7,000,000 of annual cash flow, is listed in the following table.

The initial investment will be made on December 31, 2011, and cash flows will occur on December 31st of each succeeding year. Annual cash dividends to Natural Mosaic from India will equal 75% of accounting income.

The U.S. corporate tax rate is 40% and the Indian corporate tax rate is 50%. Because the Indian tax rate is greater than the U.S. tax rate, annual dividends paid to Natural Mosaic will not be subject to additional taxes in the United States. There are no capital gains taxes on the final sale. Natural Mosaic uses a weighted average cost of capital of 14% on domestic investments, but will add six percentage points for the Indian investment because of perceived greater risk. Natural Mosaic forecasts the rupee/dollar exchange rate on December 31st for the next six years as listed below.

What is the net present value and internal rate of return on this investment?

Please show calculations!

1. What are three characteristics of a Prime/Conventional/Truly Qualified, Primary Residential Real Estate Loan? In other words, what was required for these loans to qualify the correct way?

2. What is a Subprime Mortgage?

3. Give a scenario where someone wasn’t even in the market to buy a house, suddenly became a house owner. How did this happen?

4. Who was buying houses in the late 1990s through 2007? Give three examples.

5. What is a Predatory Loan?

6. What is CRA? Explain.

7. What is NINA? Explain.

8. What percent of Subprime loans were being approved via Automated Loan Approvals in 2007?

9. Explain Malignant Neglect.

10. What is TARP? Did every bank need it? What happened if a bank refused funds from this? Explain.

11. What is the earliest missed payment by some borrowers/homeowners?

12. Historically, banks required Verified Income. What is this, and what are two examples of it?

13. What is Stated Income? What did it lead to?

14. What is a Single Pay, Interest Only Loan? Give an example of scenario when this would be done? What purpose did it serve? Explain.

15. What kind of ratings were given on CDOs and MBSs from the Big Three rating agencies? What did these ratings indicate? Were they correct?

16. What happened to some of the largest United States investment banks during this time?

17. What happened to bank regulations after the housing fiasco?

18. What happened to the Stock Market immediately after the housing bust? What about a year later?

19. Would you agree with the following statement?: It was common for a single household to have as many as 14 credit cards in the early 2000s. Explain.

Prepare a flexible budget and show variances for the year that passed. Indicate whether the flexible budget variances are favorable or unfavorable.

Headquarters are contemplating charging each store a 5% marketing expense based on sales. How will that affect the operating profit of the store and the money available for managerial bonuses based on actual results for the past year? Summarize the information in a table.

(INFORMATION PROVIDED BELOW)

T&P Fashion Shops is a new chain that operates 10 stores in major malls throughout the United States. Each store manager is responsible for preparing a flexible budget for the store. T&P headquarters accumulates and analyzes the information for each store and in the aggregate.

Below is the forecast (budgeted income statement) for the Houston store showing the breakdown of fixed and variable expenses in columns two through four. The last column shows the actual results.

Additional Information

Variable expenses are based on revenues and we assume that the percentage remains constant for flexible budgeting purposes.

Fixed costs are all within the relevant range.

Other expenses are all specific to this store. Headquarters pay for marketing and corporate overhead expenses.

Change in Estimate versus Error Correction- LandCo is a lawn service company which provides grounds and maintenance services to a range of corporate customers. Customers are expected to pay on the first of each month, in advance of receiving services. One of LandCo’s corporate customers is an eldercare facility whose grounds the company has maintained for many years. The customer has not paid for the last three months of service (from October – December 2019); nevertheless, to maintain a positive relationship, LandCo continued to provide mowing and weed control services to the eldercare facility during that time. LandCo ceased providing services in January 2020 and found out in that same month that the eldercare facility filed for bankruptcy in September. LandCo now believes that collection of the missed payments is extremely unlikely.

LandCo has already issued financial statements to lenders (for the period ending 12/31/2019) which reflected revenue and a corresponding account receivable related to this customer of $10,000 per month for services provided. Those financial statements also reflected the company’s standard allowance (reserve) amount on receivables, of 4% of sales. In total, LandCo’s average monthly sales amount to $500,000.

Required:

1- Evaluate whether receipt of this information indicates you have a change in estimate or the customer's bankruptcy results in this event being considered an error in previously issued financial statements. Describe the accounting treatment required by the Codification for each alternatives with draft journal entries.

2- Research US accounting standards to determine the proper treatment for the service receivable/customer bankruptcy on LandCo’s financial statements, assuming it is headquartered in the United States.

3- Research international accounting standards to determine the proper treatment for LandCo’s transactions, assuming it is headquartered in France.

This is all considered a singel question, so, sorry it's so long.

Economics Activity 1

Poverty in America

The United States is a diverse nation. We are made up of people of

many ages and ethnic backgrounds. As citizens, we share equal rights

and responsibilities. Yet as we strive to embrace our diversity, we must

realize that we are not equal economically. Some of us have a higher

standard of living than others. That is, some Americans live more

comfortably than others.

Some Americans live in poverty. They lack money to buy the food,

shelter, clothing, and health care they need. The government defines as

“poor” any family whose income falls below a certain level, called the

poverty line. The poverty line is based on the yearly income a family

must have to eat adequately. The government determines a poverty-line

income for families of different sizes. For 2001, the poverty line for a

family of four was set at $17,650. Any family of four whose yearly

income fell below this amount was said to be “living in poverty.”

DIRECTIONS: Answer the following questions on a separate sheet of paper.

1. What does it mean for someone to have a “high standard of living”?

2. How does the government determine the poverty line?

3. CRITICAL THINKING ACTIVITY In a magazine or online, find a photo that illustrates poverty in America. Cut it out or print it. Write a one-page story about the scene in the photo. Make yourself the main character in the scene you are describing. What is happening in the photo? What is your life like in this scene? How does your situation make you feel?

Charles Schwab Corporation (SCHW) is one of the more innovative brokerage and financial service companies in the United States. The company recently provided information about its major business segments as follows (in millions):

a. The Investor Services  segment serves the retail customer, you and me. These are the brokerage, Internet, and mutual fund services used by individual Investors. The Advisor Services  segment includes the same services provided for financial institutions, such as banks, mutual fund managers, insurance companies, and pension plan administrators.

b. Indicate whether the following costs are a “Variable Cost” or a “Fixed Cost” in the “Investor Services” segment.

1. Commissions to brokers Variable Cost
2. Fees paid to exchanges for executing trades Variable Cost
3. Depreciation on brokerage offices Fixed Cost
4. Transaction fees incurred by Schwab mutual funds to purchase and sell shares Variable Cost
5. Property taxes on brokerage offices Fixed Cost
6. Depreciation on brokerage office equipment, such as computers and computer networks Fixed Cost
7. Advertising Variable Cost

c. Estimate the contribution margin for each segment, assuming depreciation represents the majority of fixed costs.

d. If Schwab decided to sell its “Advisor Services” accounts to another company, estimate how much operating income would decline under the following assumptions.

Assume the fixed costs that serve Advisor investors would not be sold but would be used by the other sector: $ million
Assume the fixed assets were “sold”: $ million

GERONTOLOGY CLINICAL CARE PLAN Case Study Mr. M, a 76 year old Hispanic woman has just been admitted to the Dumfries Rehab Nursing Center after undergoing right hip replacement surgery 5 days ago. She has a history of Osteoarthritis, DM II, GERD, Rt Knee replacement surgery 5 years ago. She speaks little English.NKDAMeds--Januvia 100mg daily, Glucophage 1000mg BID, ASA 81mg daily, Calcium 600mg Three times/week, MVI 1 tablet daily, Prilosec 20mg daily.Social--Widow with 10 children, 5 of them in the United states and many grandchildren and great grandchildren, never smoked nor used illicit drugs, occasional alcohol on special occasions; retired housekeeper at age 72, with no pension. Family has raised money for her to be able to able to be in rehab. Patient is on limited social security income. Her husband, who died last year has been the supporting his wife with his own business and had been able to provide health insurance while he was alive. But the business is not doing well at the moment and the children are thinking of closing it down, since no one wants to run it.

Design a nursing care plan for the above patient --DO NOT USE PAIN AS YOUR NSG DX --THIS IS INDIVIDUAL WORK; STUDENTS WITH SIMILAR WORK WILL RECEIVE A GRADE OF 0. --PLEASE TAKE YOUR TIME TO USE YOUR CRITICAL THINKING SKILL TO COMPLETE THIS CARE PLAN. --2 NSG dx, at least 3 SUBJECTIVE & 3 OBJECTIVE, 6 interventions.

plz answer all of them. my test is due in a hour and im trying to pass

1.Suppose that the average and standard deviation of the number of points scored in an NBA game per player are 17.06 and 6.42, respectively. Calculate an interval that is symmetric around the mean such that it contains approximately 68% of players scores. Assume that the points scored has a normal distribution.

2. The daily stock price for International Business Machines (IBM) historically has followed an approximately normal distribution (when adjusting for inflation) with a mean of $143.311 and standard deviation of $3.9988 Approximately 38.34% of days IBM had a stock price greater than what dollar amount?

3. Pinterest claims that 0.3839 of their app users are men. In a sample of 94 randomly chosen app users, what is the probability that greater than 36 of them will be men?

4. Suppose that in the United States the height of a typical adult male is normally distributed with an average of 68.98 inches tall and a standard deviation of 4.76. You take a random sample of 14 adult males. What is the probability that the mean height of the sample is less than 69.57?

5. You work for the consumer insights department of a major big-box retailer and you are investigating the efficacy of a new e-mail marketing campaign. Through the use of e-mail analytics research, you have determined that in a random sample of 979 monitored subscribers, 338 of them opened the e-mail within 24 hours of receiving it. What is the 90% confidence interval for the true proportion of all e-mail subscribers that opened the e-mail within 24 hours of receiving it?

really confused on D E F G so please explain what you did to solve them so i can learn how

I. Suppose the United States economy is represented by the following equations: Z = C + I + G C = 300 + 0.9YD T = 1,000 I = 200 YD = Y – T G = 2,000

a. Calculate the equilibrium level of output.

b. After you have calculated equilibrium income, calculate the level of consumption at this level of output. (Hint: Since you know the level of taxes and income, you can easily obtain the level of disposable income to calculate consumption.)

c. Write out the saving function for this economy. Then, calculate the level of saving that occurs at the equilibrium level of output.

d. Now, suppose households decide to increase their autonomous saving by 100. Equivalently, households have decided to cut their autonomous consumption by 100. Calculate the new equilibrium level of output that occurs as a result of the decrease in autonomous consumption of 100. Has this increased desire to save had a positive or negative effect on economic activity? Explain.

e. Based on your analysis in part (d), calculate the level of saving that occurs at this new equilibrium level of output. Compare this level of saving with the level of saving obtained in part (c). What has happened to the level of saving in this economy as a result of the increased desire to save?

f. What is the paradox of saving? Based on your answer in part (e), do you observe the paradox of saving in the short run? Explain.

g. Do you expect to observe the paradox of saving in the long run as well? Why or why not? Explain.