Prepare a balance sheet at May 31.

he Blossom Company opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows.

Banana Tires (BT), a U.S.-based multi-national company, has screened several acquisition targets in Malaysia. BT has identified a Malaysian company, KL Rubber, which would provide a good strategic fit for BT. The estimates for revenue for the next year are MYR 200 million. Revenues are expected to increase by 6% into the foreseeable future (in MYR).

Expenses are expected to be 65% of revenue. The tax rate on the firm's earnings is expected to be 35%. Assume that there is no depreciation.

This exchange rate is currently $.2255 per MYR. Inflation is expected to average 6.5% in Malaysia and 2.0% in the U.S. BT has estimated their cost of capital for this project to be 12.5% (in terms of USD).

What is the maximum that BT should pay for KL Rubber? (4 points)

1.  On October 1, Topper Company signs a contract to sell 1,000tie-dyed shirts for $10,000 ($10.00 each).

On October 8, 900shirts are delivered and Topper receives $9,000 cash (900 * $10)

1. Prepare the journal entry Topper Company would record to recognize revenue on October 8:

On October 15, Topper modifies the agreement to sell an additional 500 tie-dyed shitsfor $4,000 ($8.00 each * 500 shirts) which is significantly lower than Topper’s stand-alone selling price at that time.

So they still need to deliver 100from the agreement made on October 1 plus another 500for a total of 600tie-dyed flags.  

Classifications on Balance Sheet

The current balance sheet of J. J. Arvesen Company contains the following major sections:

1. Current assets
2. Long-term investments
3. Property, plant, and equipment
4. Intangible assets
5. Other assets
6. Current liabilities
7. Long-term liabilities
8. Contributed capital
9. Retained earnings
10. Accumulated other comprehensive income

The following is a list of accounts in random order. Using the letters A through J, indicate in which section each account would most likely be classified. If an account does not belong under one of the sections listed, select "Not under any of the choices" from the classification drop down box. For all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no".

: As at January 01, 2019, Apex Ltd. had a total current assets of $124,000, fixed assets $600,000, liabilities $508,000,
and equity balance of $216,000. Following are the transaction which were entered by the business during the year
Record all the tranactions to show how these will affect the accounting equation of the business.
1 Company purchased equipment for $50,000 on account
2 Incurred rent of $2,000 to be paid in the next month
3 Bought a car for $85,000, paid $13,000 as dowpayment, and obtained loan for rest of the amount.
The company has to pay $400 on license and registration
4 Company accrued salaries of $10,800
5 Company paid $1,500 as utility expenses
6 Charged depreciation of $6,500
7 Sold old equipment for $30,000, out of which, $6,000 is yet to be received
8 Sales revenue generated during the year $200,000, and collections were only for $184,000
9 A customer, who owed company $9,500, refused to pay. The final settlement was made for $4,200
10 Company had an opening balance of $29,000 towards the suppliers. During the current period,
Company settled all of this balance
11 Company had an investment of $12,000 in common shares. During the year, the company sold these share for $14,500
12 Company had a short term debt of $24,000, which was paid off during the year along with an interest of $2,000
13 Company issued equity shares of $75,000

The following data lists the grades of 6 students selected at random: Mathematics grade: (70, 92, 80, 74, 65, 85) English grade: (69, 88, 75, 80, 78, 90)

a). Find the regression line.

b). Compute and interpret the correlation coefficient.

A popular toothpaste brand claims that four out of five (or eighty percent) of dentists recommend their brand.

1. You randomly select 35 dentists. Calculate the probability that the sample proportion is between 74 percent and 88 percent.

2. Comment on the appropriateness of the sample size.

Weisbro and Sons common stock sells for $21 a share and pays an annual dividend that increases by 5.4 percent annually. The market rate of return on this stock is 9.4 percent. What is the amount of the last dividend paid by Weisbro and Sons?

• $.74

• $1.08

• $1.87

• $.80

• $.89

7.5 – The XYX Corporation has current liabilities of $130,000 with a current ratio of 2.5:1. Indicate whether the individual transactions specified next increase or decrease the current ratio or the amount of working capital and by how much and why in each case. Treat each item separately.

1. Purchase is made of $10,000 worth of merchandise on account

2. The company collects $5000 in accounts receivable.

3. Repayment is planned of note payable which is due in current period, with $15,000 cash from bank account.

4. The acquisition of a machine priced at $40,000 is paid for with $10,000 cash, and the lump-sum balance is due in 18 months.

5. The company conducts a sale of machinery for $10,000. Accumulated depreciation is $50,000, and its original cost is $80,000.

6. The company pays dividends of $10,000 in cash and $10,000 in stock.

7. Wages are paid to extent of $15,000. Of this amount, $3000 had been shown on the balance sheet as accrued (due).

8. The company borrows $30,000 for one year. Proceeds are used to increase the bank account by $10,000 to pay off accounts due to the supplier ($15,000) and to acquire the right patents ($5,000).

9. The company writes down inventories by $7,000 and organization expenses by $5,000.

10. The company sells $25,000 worth (cost) of merchandise from stock to customers who pay in 30 days. Company has a gross margin of 40 percent.

1. Pick one hypothetical company from the following choices: Auto repair shop, Retail clothing store, Furniture manufacturer, Restaurant, Landscape maintenance, Website design and maintenance. For whichever type of company, you choose, assume you own the building and have a related loan with the bank, and you sell your goods and services to customers on account (they have 60 days to pay).

State which hypothetical company you chose and provide several sentences to describe the company. You have lots of creative freedom here, so it's important to give all of us some information to help us understand what your company looks like. For example, if you choose the restaurant business, give us a description of your hypothetical restaurant (type of food, level of quality, pricing, location, etc.) so we better understand your business.

2. Pick three of the seven risk factors Credit Risk, Market Risk, Political Risk, IT Risk, Operational Risk, Legal Risk, Reputational Risk, and thoroughly describe each of the three possible risk factors for your company. Please provide at least three sentences for each risk factor for your company.

3. For each risk factor you identified, how would you go about limiting this risk?