Use the following information for the next three (3) questions. MARIKINA Company had the following cash transactions:
Cash collected from customers 12,500
Cash received from a loan 8,000
Cash paid for wages payable 5,750
Cash paid for the purchase of a building 15,000
Cash received for the issuance of new shares of stock 2,600
Cash received from sale of land 6,400
Cash paid for rent 2,500
Cash paid for dividends 1,500
1.What is the net cash provided by operating activities?
2.What is the net cash used by investing activities?
3.What is the net cash provided by financing activities?
In: Accounting
Which of these situations fit the conditions for using Bernoulli trials? Explain. a) You are rolling 8 dice and need to get at least three 1s to win the game. b) We record the distribution of home states of customers visiting our website. c) A committee consisting of 8 men and 12 women selects a delegation of 5 to attend a professional meeting at random. What is the probability they choose all women? d) A study found that 58% of M.B.A. students admit to cheating. A business school dean surveys all the students in the graduating class and gets responses in which cheating was admitted by 322 of 549 students.
In: Math
Murphy Delivery services completed the following transactions during December 2018
Dec1 Murphy delivery services began operations by receiving $13000 cash and a truck with a fair value of $9000 from Russ Murphy. The business issued Murphy Shares of common stock in exchange for this contribution.
Dec 1 Paid $600 cash for six month insurance policy. The policy begins December 1
Dec 4 Paid $750 cash for office supplies.
Dec 12 Performed delivery services for a customer and received $2200 cash.
Dec 15 Completed a large delivery job, billed the customer, $3300, and received a promise to collect the $3300 within one week.
Dec 18 Paid employee salary, $800.
Dec 20 Received $7000 cash for performing delivery services.
Dec 22 Collected $2200 in advance for delivery service to be performed later.
Dec 25 Collected $3300 cash from customer on account.
Dec 27 Purchased fuel for the truck, paying $150 on account. ( credit Accounts payable)
Dec 28 Performed delivery services on account, $1400
Dec 29 Paid office rent, $1400 for the month of December
Dec 30 paid $150 on account
Dec 31 Cash Dividends of $2500 were paid to stockholders.
ADJUSTMENT DATA :
Accured Salaries Expense $1800
Depreciation was recorded on the truck using the straight line method. Assume a useful life of five years and a salvage value of $3000.
Prepaid Insurance for the month has expired.
Office Supplies on hand $450
Unearned Revenue earned during the month $1700
Accured service revenue $450.
Requirements:
Adjusted trial balance
Income statement
retained earning
Balance sheet
In: Accounting
| The Potter Company has 5 segments; information about them is as follows; | |||||||
| total | Harry | Hogswart | Voldomort | Ron | Spiders | ||
| sales to outside parties | 1547 | 121 | 696 | 416 | 314 | 0 | |
| intersegment sales | 421 | 24 | 240 | 39 | 118 | 0 | |
| interest income external | 97 | 60 | 0 | 0 | 0 | 37 | |
| interest income intersegment loans | 147 | 0 | 0 | 0 | 0 | 147 | |
| assets | 3398 | 206 | 1378 | 248 | 326 | 1240 | |
| operating expenses | 1460 | 115 | 818 | 304 | 190 | 33 | |
| expenses intersegment sales | 198 | 70 | 51 | 31 | 46 | 0 | |
| interest expense external | 107 | 0 | 0 | 0 | 0 | 107 | |
| interest expense intersegment loans | 147 | 21 | 71 | 38 | 17 | 0 | |
| income tax expense | 21 | 12 | -41 | 27 | 31 | -8 | |
| general corporate expenses | 55 | ||||||
| unallocated operating costs | 80 | ||||||
| REQUIRED: DETERMINE THE REPORTABLE SEGMENTS BY PERFORMING EACH PERFORMANCE TEST (REVENUE, ASSET, PROFIT/LOSS) | |||||||
| REVENUE TEST | |||||||
| HARRY | REPORTABLE Y/N | ||||||
| HOGSWART | REPORTABLE Y/N | ||||||
| VOLDOMORT | REPORTABLE Y/N | ||||||
| RON | REPORTABLE Y/N | ||||||
| SPIDER | REPORTABLE Y/N | ||||||
| ASSET TEST | |||||||
| HARRY | REPORTABLE Y/N | ||||||
| HOGSWART | REPORTABLE Y/N | ||||||
| VOLDOMORT | REPORTABLE Y/N | ||||||
| RON | REPORTABLE Y/N | ||||||
| SPIDER | REPORTABLE Y/N | ||||||
| PROFIT/LOSS TEST | |||||||
| HARRY | REPORTABLE Y/N | ||||||
| HOGSWART | REPORTABLE Y/N | ||||||
| VOLDOMORT | REPORTABLE Y/N | ||||||
| RON | REPORTABLE Y/N | ||||||
| SPIDER | REPORTABLE Y/N | ||||||
In: Accounting
Compare the financial reports from Disney, Hilton Worldwide, Starwood, Intercontinental, Marriott International, and Marriott Vacations.
Disney Company:
| Report Date | 09/29/2018 | 09/30/2017 | 10/01/2016 | 10/03/2015 | 09/27/2014 |
| Total equity | 52,832,000 | 45,004,000 | 47,323,000 | 48,655,00 | 48,178,000 |
Hilton Worldwide:
| Report Date | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 |
| Total Equity | 558 | 2,075 | 5,849 | 5,951 | 4,714 |
Starwood Hotels:
Key Financials
(In USD as of 06/30/2016)
| Income Statement | |
|---|---|
| Revenue | 5,517m |
| Net Income | 81m |
| EPS from Continuing Operations | 1.84 |
| EPS - Net Income - Diluted | 0.48 |
| Revenue per Share | 32.84 |
| Balance Sheet | |
| Total Assets | 6,922m |
| Total Liabilities | 6,748m |
| Shareholders' Equity | 174m |
| Total Assets per Share | 40.83 |
| Net Assets per Share | 1.03 |
| Cash Flows | |
| Cash from Operations | 740m |
| Cash from Investing | 313m |
| Cash from Financing | -204m |
| Capital Expenditures | 222m |
| Cash Flow per Share | 4.40 |
Marriott International:
| Report Date | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 |
| Total Marriott International, Inc. shareholders' equity (deficit) | 2,225 | 3,731 | 5,357 | (3,590) | (2,200) |
Marriott Vacations:
| Report Date | 12/31/2018 | 12/31/2017 | 12/30/2016 | 01/01/2016 | 01/02/2015 |
| Total Equity | 3,466,000 | 1,045,020 | 907,819 | 976,267 | 1,080,000 |
In: Finance
In a bookstore thirty five percent of customers who are not teachers order pencils. Fifty percent of all customers are teachers. Of the customers who are teachers, twenty five percent order pencils. If a randomly chosen customer orders pencils, what is the probability that customer is a teacher?
In: Statistics and Probability
1. identify properties involved in maintaining
homeostasis in order to recognize how certain factors contribute to
cancer
2. recognize the complexity of cancer and assess
current approaches for screening, diagnosis, and treatment in order
to adopt appropriate lifestyle strategies
3. apply knowledge of causes, development, and
progression of cancer to ask questions and make informed decisions
about personal and public health
This individual project will be on a particular topic related to cancer that interests the student and gains prior approval of the instructor via email during week 4 of class. You may either choose to write an 8-pjage 1" margin, 14pt Times New Roman, double-spaced, citations/title page NOT included in the length paper OR record a 15 minute video presentation about your topic of choice and submit your reference list in the submission folder.
Please please!!!!! don't forget the reference
In: Biology
Sally was hired at an annual salary of $60,000 on 1/1/20. She elected to contribute $2000 to her Flexible Spending Account (FSA) and her employer contributed $500 to the plan. She contributed $5,000 to the company’s 401(k) plan and the company contributed $2500. In addition, she contributed $100 from her payroll to the local United Way campaign. Compute the amount of her 2020 compensation that is subject to FICA taxes and the amount subject to income taxes.
In: Accounting
A 5-year project requires equipment that costs $100,000. If undertaken, the shareholders will contribute $40,000 cash and borrow $60,000 at 7% with an interest-only loan with a maturity of 5 years and annual interest payments. The equipment will be depreciated straight-line to zero over the 5-year life of the project. There will be a pre-tax salvage value of $10,000. There are no other start-up costs at year 0. During years 1 through 5, the firm will sell 50,000 units of product at $5; variable costs are $3; there are no fixed costs. The cost of unlevered equity is 14%, the tax rate is 40% and the risk-free rate is 2%. What is the NPV of the project using the WACC and APV methodologies?
Calculate the cost of capital of the firm
Select one:
a. 9.64%
b. 10.64%
c. 11.64%
d. 12.64%
In: Finance
Admitting New Partners Who Buy an Interest and Contribute Assets
The capital accounts of Trent Henry and Tim Chou have balances of $142,500 and $102,800, respectively. LeAnne Gilbert and Becky Clarke are to be admitted to the partnership. Gilbert buys one-fifth of Henry’s interest for $32,800 and one-fourth of Chou’s interest for $22,600. Clarke contributes $34,800 cash to the partnership, for which she is to receive an ownership equity of $34,800.
a1. Journalize the entry to record the admission of Gilbert. For a compound transaction, if an amount box does not require an entry, leave it blank.
a2. Journalize the entry to record the admission of Clarke.
b. What are the capital balances of each partner after the admission of the new partners?
| Partner | Capital Balance |
| Trent Henry | $ |
| Tim Chou | $ |
| LeAnne Gilbert | $ |
| Becky Clarke | $ |
Calculator
Print Item
Admitting New Partner With Bonus
Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and losses equally. After all the tangible assets have been adjusted to current market prices, the capital accounts of Cody Jenkins and Lacey Tanner have balances of $69,000 and $90,000, respectively. Valeria Solano has expertise with using the computer to prepare landscape designs, cost estimates, and renderings. Jenkins and Tanner deem these skills useful; thus, Solano is admitted to the partnership at a 30% interest for a purchase price of $43,000.
a. Determine the recipient and amount of the
partner bonus.
$
b. Provide the journal entry to admit Solano into the partnership. For a compound transaction, if an amount box does not require an entry, leave it blank.
c. Why would a bonus be paid in this situation?
Apparently, Jenkins and Tanner value offered by Solano.
In: Accounting