The following information is related to Tamarisk Company for 2017.

Tamarisk Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Tamarisk sold the wholesale operations to Rogers Company. During 2017, there were 518,000 shares of common stock outstanding all year.

Please Prepare a Multi-Step Income Statement

Are America's top chief executive officers (CEOs) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose that a random sample of companies yielded the following data: B: Percent for company 2 5 29 8 21 14 13 12 A: Percent for CEO -1 5 21 13 12 18 9 8 Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Use a 1% level of significance. Will you use a left tailed, right tailed, or two tailed test? Select one: a. two tailed test b. right tailed test c. left tailed test

P4-1 (Multiple-Step Income, Retained Earnings) The following information is related to Dickinson Company for 2014.Retained earnings balance, January 1, 2014 $ 980,000Sales revenue 25,000,000Cost of goods sold 16,000,000Interest revenue 70,000Selling and administrative expenses 4,700,000Write-off of goodwill 820,000Income taxes for 2014 1,244,000Gain on the sale of investments (normal recurring) 110,000Loss due to fl ood damage—extraordinary item (net of tax) 390,00Loss on the disposition of the wholesale division (net of tax) 440,000Loss on operations of the wholesale division (net of tax) 90,000 Dividends declared on common stock $250,000Dividends declared on preferred stock 80,000Dickinson Company decided to discontinue its entire wholesale operations and to retain its manufacturing operations. On September 15, Dickinson sold the wholesale operations to Rogers Company. During 2014, there were 500,000 shares of common stock outstanding all year.InstructionsPrepare a multiple-step income statement and a retained earnings statement.

The following information is related to Sandhill Company for 2017.

Retained earnings balance, January 1, 2017 $984,980

Sales Revenue 26,208,100

Cost of goods sold 16,176,000

Interest revenue 80,400

Selling and administrative expenses 4,730,800

Write-off of goodwill 822,700

Income taxes for 2017 1,410,700

Gain on the sale of investments 118,000

Loss due to flood damage 398,500

Loss on the disposition of the wholesale division (net of tax) 443,800

Loss on operations of the wholesale division (net of tax) 93,420

Dividends declared on common stock 274,100

Dividends declared on preferred stock 75,970

Sandhill Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Sandhill sold the wholesale operations to Rogers Company. During 2017, there were 494,700 shares of common stock outstanding all year.

Prepare Multiple Step Income Statment and a Statement of Retained Earnings

Are America's top chief executive officers (CEOs) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose that a random sample of companies yielded the following data:

B: Percent for company 28 16 25 26 18 20 7 10

A: Percent for CEO 23 14 23 18 23 10 4 14

Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Use a 5% level of significance. Find (or estimate) the P-value.

Select one:

a. P-value = 0.50

b. P-value = 0.40

c. 0.02 < P-value < 0.05

d. 0.20 < P-value < 0.40

e. 0.01 < P-value < 0.02

The following information is related to Buffalo Company for 2017.

Buffalo Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Buffalo sold the wholesale operations to Rogers Company. During 2017, there were 490,600 shares of common stock outstanding all year.

Prepare a multistep income statement.

The following information is related to Skysong Company for 2020.

Skysong Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Skysong sold the wholesale operations to Rogers Company. During 2020, there were 500,000 shares of common stock outstanding all year.

Prepare a multi step income statement:

As for the sales forecast for Year 1 through Year 3, these are some important variables I will go to consider for sales:

Economy: The economic condition of the city, the province and the country are variables I need to consider for a sales forecast. If conditions are poor, people will spend less money on consumption. If economic conditions are great, then more people will have extra money to spend.

Competition: I need to consider the level of competition I have around me. If new competitors enter the market, that can affect my sales forecast drastically. The same goes for if my competitors drop out of the market.

Inflation: Inflation is something that effects every country, and effects the economic conditions. So, I need to consider trends of inflation (and inflation forecasts) in order to make a sales forecast.

Political Environment: I need to consider the political environment of the city, the province and the country. The political environment affects the economy and business law. If there is an election within my sales forecast period, I need to consider the potential outcomes of each election.

Seasonal Demands: I need to consider seasonal demands and trends because each season has a different demand for products. Summertime is going to require cold beverages, meanwhile winter will have a demand for hot beverages. Each season will also affect overall sales. People spend more money in the summer. A sales forecast will have to consider all these seasonal demands and changes into the model.

Where to obtain data: Government websites, Market research firms, Political experts, Stock Market data, Google Maps (search for competitors) or Drive around my area (locate competitors visually), City database, Economic analysts

Part 1

1.Are these considerations feasible? Would you change or add any considerations?

2.As a lender (someone who commits capital with the expectation of receiving financial returns) to this company, what are some numbers you want this entrepreneur to show you before you make your decision to invest your money?

The biggest challenges throughout the planning process is determining start up costs, determining inventory and determining the location of the store. The start up costs are a big challenge due to there being a number of variables such as how much inventory is smart to start off with, how much to pay in utilities (can easily fluctuate), and how much to pay in advertising the store to customers. Determining inventory is also a challenge because orders must be placed to keep up with inventory and determining a schedule for that is based on revenue, but during the planning process revenue can only be projected and not consistently known. Determining the location of the store is also a challenge, it is an extremely important decision that will make or break the success of the store. Calculating how many customers are nearby, as well as type of income (lower-class, middle-class, upper class, etc.) is also challenging.

The growth potential of my business is tremendous. I view after a few months, for there to be a solid foundation for revenue. The first few months may be tough because the public either doesn’t know about the store, or don’t have a trust built with the store yet. Once I am established, I see my store serving the community with well needed convenience products and establishing a

casual customer base. Once I’m established after a few months, I expect revenue to climb and stabilize. After a few years I expect to be financially in a great position. Some profits can be diverted to upgrades for the store, improving customer experience (maybe experiment with new and diverse products). After a few years, I see myself expanding by buying other Circle K franchises to open or try to buy established stores from owners. This would require saving up a lot of the profit but in the long run it is a great investment in my opinion.

Part 2

3.This entrepreneur mentioned some big challenges he/she would face when starting this business. Do you agree? Explain your decision

4.Evaluate the growth potential of the business. Would you agree with this entrepreneur’s vision? Why or why not?

hello chegg, please provide references from where you pick the data to answer these questions

1. BestUvClass, Inc. has the choice between two types of machines. One costs less but has a shorter life expectancy. The first machine costs $9,000, will last for two years, and produce revenues of $7,750 in the first year of operation. Operating costs will be 27 percent of revenues and the machine will be depreciated using the 3-Year MACRS schedule. The machine can be sold at the end of two years for $2,000. The initial change in net working capital will be $465. Subsequently, the change in net working capital will be 6% of the change in revenues for the next year. The cost of the first machine is expected to increase by 10 percent per year for the foreseeable future. For replacement chains, assume that the salvage value of the first machine will increase by 10 percent per year, and and initial net working capital will increase by 6 percent per year.

   The second machine will last for four years, cost $12,000, be depreciated using the 3-Year MACRS schedule, and produce revenues of $6,000 in its first year of operation. Operating costs will be 24 percent of revenues. The change in net working capital will be 4% of the change in revenues for the next year. The second machine can be sold for $500 at the end of the project's life.

   Annual revenue inflation for both projects is expected to be 6 percent. The firm's cost of capital is 14.50 percent, and its marginal tax rate is 24 percent.

   1. What are the NPVs for both projects without any consideration of replacement?

   2. Construct replacement chains for these two machines.

   3. Which machine should be selected? Why?

Have to calculate using an excel workbook.