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?

Operating cash inflows   Strong Tool Company has been considering purchasing a new lathe to replace a fully depreciated lathe that would otherwise last 5 more years. The new lathe is expected to have a​ 5-year life and depreciation charges of $2,020 in Year​ 1; $3,232 in Year​ 2; $1,919 in Year​ 3; $1,212 in both Year 4 and Year​ 5; and $505 in Year 6. The firm estimates the revenues and expenses​ (excluding depreciation and​ interest) for the new and the old lathes to be as shown in the following table

. The firm is subject to a 40% tax rate on ordinary income.

a. Calculate the operating cash inflows associated with each lathe.​ (Note: Be sure to consider the depreciation in year​ 6.)

b. Calculate the operating cash inflows resulting from the proposed lathe replacement.

c. Depict on a time line the incremental operating cash inflows calculated in part b.

a. Calculate the operating cash inflows associated with the new lathe​ below:  ​(Round to the nearest​ dollar.)

​(Round to the nearest​ dollar.)

​(Round to the nearest​ dollar.)

​(Round to the nearest​ dollar.)

​(Round to the nearest​ dollar.)

The trial balance for a company that sells alarms, as of January 1, 2016 had the following balances:

Cash 74,000

Accounts receivable 13,000

Supplies 200

Prepaid rent 3,200

Merchandise inventory (24 @ $200; 1 @ $200) 5,000

Land 4000

Accounts payable 1,900

Unearned revenue 900

Salaries payable 1,000

Common stock 50,000

Retained earnings 47,000

The following transactions took place during 2016:

1. Paid the salaries payable from 2015.

2. Paid $4,800 on May 1, 2016, for one year's lease on the company van in advance.

3. Paid $7,200 on May 2,2016 for one year's office rent in advance.

4. Purchased $400 of supplies on account.

5. Purchased 100 alarm systems for $28,000 cash during the year.

6. Sold 102 alarm systems for $57,000. All sales were on account.

(Compute cost of goods sold using the FIFO cost flow method)

7. Paid $2,100 on accounts payable during the year.

8. Billed $52,000 of monitoring services for the year.

9. Paid installers and other employees a total of $25,000 cash for salaries.

10. Collected $89,000 of accounts receivable during the year.

11. Paid $3,600 of advertising expense during the year.

12. Paid $2,500 of utilities expense for the year.

13. Paid a dividend of $10,000 to the shareholders.

1. Prepare the trial balance as at Dec 31, 2016 for the company

2. Prepare the income statement and balance sheet for the company.

This is the complete set of data for this question

Problem 1:

The information is available for the first year of operations for Medeiros, Inc.

The following differences enter into the reconciliation of financial income and taxable income of Medeiros, Inc. for the year ended December 31, 2018, its first year of operations. The enacted income tax rate is 40% for all years

a) The company has chosen to depreciate all of its fixed assets on an accelerated basis for tax purposes but on a straight-line basis for accounting purposes. The excess tax depreciation over book depreciation is 240,000 and will reverse equally over a four-year period, 2019-2022.

b) In 2018 the company incurred a lawsuit which is probable and estimated at $120,000. It has been properly recorded as a litigation liability at 12/31/18 and will be paid in 2019.

c) On October 1, 2018 the company received a rental income payment of $120,000 which covers 24 months. The unearned rent revenue has been properly recorded on the books and the full amount appropriately recognized in taxable income for the year ending December 31, 2018.

d) The company will receive interest revenue from the New York bonds of $21,000 each year until their maturity at the end of 2024

e) In 2018, Medeiros insured the lives of its chief executives. The premiums paid amount to $45,000 and this amount was shown as an expense on the income statement.

f) Pretax accounting income was $950,000 in 2018.

Instructions

Prepare a reconciliation of Pretax accounting income to Taxable Income

2) Prepare a schedule of future taxable and (deductible amounts)

3) Prepare a schedule of the deferred tax (asset) and liability

4) Prepare the journal entry to record income tax expense, deferred taxes, and the income        taxes payable for 2018

Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system.

For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase.

rev: 02_28_2017_QC_CS-80932, 04_13_2020_QC_CS-208026

Problem 6-2A Part 1

Required:

1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method.

2. Using FIFO, calculate ending inventory and cost of goods sold at March 31.

3. Using LIFO, calculate ending inventory and cost of goods sold at March 31.

4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. (Round your intermediate and final answers to 2 decimal places.)

5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted-average cost amounts to 2 decimal places.)

6. Comparing FIFO and LIFO, which one provides the more meaningful measure of ending inventory?

7. If Greg’s Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

A market research firm supplies manufacturers with estimates of the retail sales of their products from samples of retail stores. Marketing managers are prone to look at the estimate and ignore sampling error. An SRS of 29 stores this year shows mean sales of 74 units of a small appliance, with a standard deviation of 12.2 units. During the same point in time last year, an SRS of 26 stores had mean sales of 62.166 units, with standard deviation 15.2 units. An increase from 62.166 to 74 is a rise of about 16%.

1. Construct a 99% confidence interval estimate of the difference μ1−μ2μ1−μ2, where μ1μ1 is the mean of this year's sales and μ2μ2 is the mean of last year's sales.

(a) ________<(μ1−μ2)<_____________

(b) The margin of error is:

2. At a 0.010.01 significance level, is there sufficient evidence to show that sales this year are different from last year?

A. Yes
B. No

A researcher wants to determine the relationship between the typing speed of administrative assistants at a major university is related to the time that it takes for the admin assistant to learn to use a new software program and may be used to predict learning time. Data are gathered from 12 departments at the university.

Dept Typing speed (words per minute) Learning time (hours)

A 48 7

B 74 4

C 52 8

D 79 3.5

E 83 2

F 56 6

G 85 2.3

H 63 5

I 88 2.1

J 74 4.5

K 90 1.9

L 92 1.5

Run a regression analysis of the data on Excel. Use your output to answer the following:

d. What is the value of the correlation coefficient between typing speed and learning time? What does is say about the strength of the relationship?