In: Accounting
Cornerstone Exercise 6-25
Effects of Inventory Costing Methods
Filimonov Inc. has the following information related to purchases and sales of one of its inventory items:
| Date | Description | Units Purchased at Cost | Units Sold at Retail |
| June 1 | Beginning Inventory | 200 units @ $10 = $2,000 | |
| 9 | Purchase 1 | 300 units @ $12 = $3,600 | |
| 14 | Sale 1 | 400 units @ $25 | |
| 22 | Purchase 2 | 250 units @ $14 = $3,500 | |
| 29 | Sale 2 | 225 units @ $25 |
Required:
1. In a period of rising prices, which
inventory costing method produces the highest amount for ending
inventory?
2. In a period of rising prices, which
inventory costing method produces the highest net income?
3. In a period of rising prices, which
inventory costing method produces the lowest payment for income
taxes?
4. In a period of rising prices, which
inventory method generally produces the most realistic amount for
cost of goods sold?
5. In a period of rising prices, which
inventory method generally produces the most realistic amount for
inventory?
6. Would your answer to the previous question change if inventory prices were decreasing during the period?
In: Accounting
Question 1
Which of the following is true about energy band diagrams?
Select one:
a. Electron energy increases as you go down in an energy band diagram
b. Hole energy increases as you go up in an energy band diagram
c. Electron energy below Ec and hole energy above Ev is in the form of kinetic energy
d. Both electrons and holes seek the lowest possible energy level
e. All of these
Q2
In a semiconductor “dopant compensation” refers to the fact that some of the dopant atoms with the higher concentration are effectively cancelled out by the dopant atoms with the lower concentration.
Select one:
True
False
Q3
If a semiconductor is transparent to light with a wavelength longer than 0.55um, then what is the band-gap energy of this semiconductor in eV?
Q4
In a semiconductor at room temperature, the valence band is the :
Select one:
a. Highest completely full energy band
b. Lowest nearly empty energy band
c. Highest nearly full energy band
d. None of these
e. Lowest completely empty energy band
Q5
Each silicon atom forms covalent bonds with it’s 5 nearest neighbors, to form what is called the primitive cell.
Select one:
True
False
In: Physics
Laker Company reported the following January purchases and sales data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | ||||||||||||||
| Jan. | 1 | Beginning inventory | 225 | units | @ | $ | 15.00 | = | $ | 3,375 | |||||||
| Jan. | 10 | Sales | 175 | units | @ | $ | 24.00 | ||||||||||
| Jan. | 20 | Purchase | 180 | units | @ | $ | 14.00 | = | 2,520 | ||||||||
| Jan. | 25 | Sales | 210 | units | @ | $ | 24.00 | ||||||||||
| Jan. | 30 | Purchase | 385 | units | @ | $ | 13.00 | = | 5,005 | ||||||||
| Totals | 790 | units | $ | 10,900 | 385 | units | |||||||||||
Required:
1. Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $2,100, and that the applicable income tax rate is 40%. (Round your average cost per unit to 2 decimal places.)
FORMAT THE CHART PROPERLY !!
2. Which method yields the highest net income?
FIFO
LIFO
Weighted average
Specific identification
3. Does net income using weighted average fall between that using FIFO and LIFO?
No
Yes
4. If costs were rising instead of falling, which method would yield the highest net income?
FIFO
Specific identification
LIFO
Weighted average
In: Accounting
Suppose that in July 2013, Nike Inc. had EPS of $2.45 and a book value of equity of $11.78 per share.
|
StartFraction Upper P Over Upper E EndFraction P E |
StartFraction Price Over Book EndFraction Price Book |
StartFraction Enterprise Value Over Sales EndFraction Enterprise Value Sales |
StartFraction Enterprise Value Over EBITDA EndFraction Enterprise Value EBITDA |
|
|
Average |
29.84 29.84 |
2.44 2.44 |
1.12 1.12 |
9.76 9.76 |
|
Maximum |
plus + 136 136% |
plus + 70 70% |
plus + 55 55% |
plus + 86 86% |
|
Minimum |
minus − 62 62% |
minus − 63 63% |
minus − 48 48% |
minus − 34 34% |
a. Using the average P/E multiple from the table above, estimate Nike's share price.
b. What range of share prices do you estimate based on the highest and lowest P/E multiples in the table above?
c. Using the average price to book value multiple in the table above, estimate Nike's share price.
d. What range of share prices do you estimate based on the highest and lowest price-to-book value multiples in the table above?
In: Finance
The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 180 units @ $ 10.50 = $ 1,890 Jan. 10 Sales 140 units @ $ 19.50 Jan. 20 Purchase 110 units @ $ 9.50 = 1,045 Jan. 25 Sales 120 units @ $ 19.50 Jan. 30 Purchase 260 units @ $ 9.00 = 2,340 Totals 550 units $ 5,275 260 units For specific identification, ending inventory consists of 290 units, where 260 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Required: 1. Prepare comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,650, and that the applicable income tax rate is 40%. 2. Which method yields the highest net income? 3. Does net income using weighted average fall above, between, or below that using FIFO and LIFO? 4. If costs were rising instead of falling, which method would yield the highest net income?.
In: Accounting
Given the performance of 3 mutual funds and S&P500 over the past 15 years in table below:
|
Return and Risk data for 5 equity mutual funds, 15 year period |
|
Mutual Fund |
Average Return % |
Standard Deviation % |
Beta |
R 2 |
|
1 |
15.86 |
22.85 |
1.46 |
.64 |
|
2 |
22.09 |
17.27 |
1.24 |
.79 |
|
3 |
18.39 |
11.82 |
0.60 |
.39 |
|
S&P 500 |
16.35 |
12.44 |
1.0 |
1.0 |
And assuming that expected market return for next year is 16.35
% and current and average of past 15 years risk free rate is 7.96
%, and using a market risk premium of 8.39% (16.35 -7.96) for the
15 year period, estimate:
a. Sharpe ratios of all 3 funds and S&P 500. Which fund has the
highest risk adjusted performance according to Sharpe measure?
Which of the above funds have beaten the market?
b. Treynor of all 3 funds and S&P 500. Which fund has the
highest risk adjusted performance according to Treynor measure?
Which of the above funds have beaten the market?
c. Jensen’s alpha for fund 1
d. Which fund is exposed to most nonsystematic risk?
In: Finance
Hello, I am working on an assignment but I am unsure of how to solve it. Please help me. The assignment details are below.
Consider this scenario:
Your friend starts a website, nothingbutflags.com, which is not making money. Your friend asks you to help generate more traffic. You ask your friend how much traffic the website had last month? And your friend replies and says only 500 visits. You also ask how many flags did you sell? Your friend replies only 10, from two purchases. So what do you advise your friend?
Know this information, what do you advise your friend?
1)Please submit what you think the highest priority issues is with the scenario laid out?
2)Actions to resolve what you have identified as the highest priority issue.
When advising you friend, consider also advising them on how to be successful in terms of generating website traffic and conversion:
Traffic: Direct, Unpaid referral, Paid referral, Unpaid search traffic, Paid search traffic.
Conversion: Purchase, Lead, Engagement, Account creation, Click-through.
In: Economics
There are three students (Alice, Bill and Roby) applying the
scholarships which are evaluated by four professors. Each professor
(P1, P2, P3 and P4) gives a score (between 0 and 10) which is then
combined into an overall score for each student.
Here are the scores given by the four professors:
P1 gives 8, 6, 3 to Alice, Bill and Roby, respectively;
P2 gives 7, 6, 3 to Alice, Bill and Roby, respectively;
P3 gives 6, 4, 7 to Alice, Bill and Roby, respectively;
P4 gives 4, 9, 7 to Alice, Bill and Roby, respectively.
(1) If each judge's score has equal importance, which student(s)
get(s) the highest overall score based on the arithmetic
mean?
(2) If the importance for the four professors P1, P2, P3 and P4 are
0.4, 0.3, 0.2 and 0.1, respectively. Which student(s) get(s) the
highest overall weighted score based on the weighted arithmetic
mean?
(3) If using Borda count, such that a student awards 3 points for
first place, 1 point for second place and 0 points for third place,
what are the overall scores for the three students?
In: Statistics and Probability
Laboratory: Enzyme Activity
In this laboratory you will examine factors that affect enzyme activity.
Catalase is an enzyme found in the liver that breaks down hydrogen peroxide into water and oxygen gas. It catalyzes the following reaction:
H2O2 H2O + O2
You will examine two factors that affect its activity.
Part A: The Effect of Temperature on Enzyme Activity
Graph the volume of oxygen produced against the temperature of the solution.
How is the oxygen production in 30 seconds related to the rate of the reaction?
At what temperature is the rate of reaction the highest? Lowest? Explain.
Why might the enzyme activity decrease at very high temperatures?
Why might a high fever be dangerous to humans?
What is the optimal temperature for enzymes in the human body?
Part B: The Effect of pH on Enzyme Activity
Graph the volume of oxygen produced against the pH of the solution.
At what pH is the rate of reaction the highest? Lowest? Explain.
Why does changing the pH affect the enzyme activity?
Research the enzyme catalase. What is its function in the human body?
What is the optimal pH for the following enzymes found in the human body? Explain. (catalase, lipase (in your stomach), pepsin, salivary amylase)
I would highly appreciate if it was in a text form not handwritten.
Thank you very much.
In: Biology