filed and kept for maintaining accounts and filling tax returns. For us, the only income is from delivery charge we charge from customers

Lori has a company car with insurance coverage provided by her employer and she does not own her own car. On occasion, Lori drives her grandmother’s car to pick up prescriptions. Lori knows that her grandmother’s auto policy has low limits of liability. What coverage can Lori purchase to provide insurance for herself when she drives her grandmother’s car?

a-A Personal Auto Policy (PAP) covering her company car

b-Miscellaneous Type Vehicle endorsement attached to a PAP

c-Extended Non-Owned Coverage for Named Individual endorsement attached to a PAP

d-Named Non-Owner Coverage endorsement attached to a PAP

35. Nonconstant Growth Storico Co. just paid a dividend of $3.35 per share. The company will increase its dividend by 16 percent next year and will then reduce its dividend growth rate by 4 percentage points per year until it reaches the industry average of 4 percent dividend growth, after which the company will keep a constant growth rate forever. If the required return on the company’s stock is 10.5 percent, what will a share of stock sell for today?

I am trying to set up a table on MS Excel to use as a calculator for this problem. I would prefer each individual calculation within the equation explained to me with the proper cells. Thank you!

Question One

Abuye Welee, the sole heir to his father’s estate, decided to invest part of his inheritance in a

Business venture. Abuye sat for his Kenya Secondary Certificate Examination (KCSE) in 2017

and got a mean grade of B+. He was undecided on whether to join the module II or await

Admission into the regular programmed. Because of his upbringing on a scheme farm in Luo

Nyanza and love for flora and fauna, he believed he could successfully operate a

Landscaping and gardening business as he contemplated on what to do.

During the month of March 2018, Abuye located a small wooden building in Karen that he could rent for Ksh.20, 000 per month. After transferring Ksh.400, 000 from his inheritance money to a business bank account in the name of Abuye Land scrapping and Gardening services, he wrote cheques for rent and for purchasing land scrapping equipment and gardening supplies. He decided to deposit all receipts from services performed into the bank account and to make all payments by cheques. He believed that in this way he would have a relatively complete record of his business activities and would not have to maintain complete books of account. Abuye also maintained a listing of all services performed for customers.

On March 1^st 2018, Abuye opened his business to the public. During the three months ended 31^st May 2018, he was unusually busy due to the long rains that started pounding Nairobi as from mid- March.

Early June, Abuye decided to take count of his performance and financial position. Upon enquiry from colleagues, he was informed that you, a longtime friend of Abuye, were pursuing an MBA degree at the University of Nairobi and currently studying financial accounting. Abuye has approached you to review his bank account and listing of services rendered to determine how well he has done.

Your review has revealed the following:

1. Total cash deposited in the bank account including his initial investment was    Ksh. 880,000
2. The listing of services rendered showed that as at May 31^st 2018, customers owed him Ksh.70, 000.
3. The banking from customers included a prepayment by a customer of Ksh.20, 000 for gardening services to be provided in July 2018.
4. Cheques were written for:

1. Rent payment totaling Ksh.80, 000 for the four months ended June 30^th 2018.
2. The purchase of land scrapping equipment totaling Ksh.105, 000. The equipment cost Ksh.175, 000. Abuye still owed Ksh.70, 000 on the purchase. The equipment is estimated to have a useful life of 60 months.
3. Gardening supplies totaling Ksh.20, 000. Abuye took count of the supplies as at 31^st May 2018 and estimated that supplies on hand was Ksh.8, 000.
4. The payment of fuel for the months of March and April totaling Ksh.19, 000. Abuye had just received his bill from Oilaya for the month of May in the amount of Ksh.9,000 but had not yet paid it
5. Advertising in the classified totaling Ksh.40, 000.
6. Withdrawals made by Abuye to pay for a weekend holiday trip down at the Coast totaling Ksh.25,000.

5. Abuye had requested a friend to assist him level a garden ready for planting

of flowers. He promised the friend payment of Ksh.6,000 which Abuye is yet to pay.

Required:

Prepare the income statement of Abuye landscaping and Gardening services for the three months period ended May 31^st 2018                                        (10 marks

Question One

Abuye Welee, the sole heir to his father’s estate, decided to invest part of his inheritance in a

Business venture. Abuye sat for his Kenya Secondary Certificate Examination (KCSE) in 2017

and got a mean grade of B+. He was undecided on whether to join the module II or await

Admission into the regular programmed. Because of his upbringing on a scheme farm in Luo

Nyanza and love for flora and fauna, he believed he could successfully operate a

Landscaping and gardening business as he contemplated on what to do.

During the month of March 2018, Abuye located a small wooden building in Karen that he could rent for Ksh.20, 000 per month. After transferring Ksh.400, 000 from his inheritance money to a business bank account in the name of Abuye Land scrapping and Gardening services, he wrote cheques for rent and for purchasing land scrapping equipment and gardening supplies. He decided to deposit all receipts from services performed into the bank account and to make all payments by cheques. He believed that in this way he would have a relatively complete record of his business activities and would not have to maintain complete books of account. Abuye also maintained a listing of all services performed for customers.

On March 1^st 2018, Abuye opened his business to the public. During the three months ended 31^st May 2018, he was unusually busy due to the long rains that started pounding Nairobi as from mid- March.

Early June, Abuye decided to take count of his performance and financial position. Upon enquiry from colleagues, he was informed that you, a longtime friend of Abuye, were pursuing an MBA degree at the University of Nairobi and currently studying financial accounting. Abuye has approached you to review his bank account and listing of services rendered to determine how well he has done.

Your review has revealed the following:

1. Total cash deposited in the bank account including his initial investment was    Ksh. 880,000
2. The listing of services rendered showed that as at May 31^st 2018, customers owed him Ksh.70, 000.
3. The banking from customers included a prepayment by a customer of Ksh.20, 000 for gardening services to be provided in July 2018.
4. Cheques were written for:

1. Rent payment totaling Ksh.80, 000 for the four months ended June 30^th 2018.
2. The purchase of land scrapping equipment totaling Ksh.105, 000. The equipment cost Ksh.175, 000. Abuye still owed Ksh.70, 000 on the purchase. The equipment is estimated to have a useful life of 60 months.
3. Gardening supplies totaling Ksh.20, 000. Abuye took count of the supplies as at 31^st May 2018 and estimated that supplies on hand was Ksh.8, 000.
4. The payment of fuel for the months of March and April totaling Ksh.19, 000. Abuye had just received his bill from Oilaya for the month of May in the amount of Ksh.9,000 but had not yet paid it
5. Advertising in the classified totaling Ksh.40, 000.
6. Withdrawals made by Abuye to pay for a weekend holiday trip down at the Coast totaling Ksh.25,000.

5. Abuye had requested a friend to assist him level a garden ready for planting

of flowers. He promised the friend payment of Ksh.6,000 which Abuye is yet to pay.

Required:

Prepare the income statement of Abuye landscaping and Gardening services for the three months period ended May 31^st 2018                                        (10 marks

Regarding Benchmark Deviations:

Why might a firm be careful to not deviate much from their benchmark?

Who benefits here?

Who is hurt by this?

Compute and Interpret Coverage, Liquidity and Solvency Ratios Selected balance sheet and income statement information from CVS Health Corp. for 2014 through 2016 follows ($ millions). Total Current Assets Total Current Liabilities EBIT (Operating income) Interest Expense, Gross Total Liabilities Equity 2016 $31,042 $26,250 $10,338 $1,058 $57,628 $36,834 2015 29,158 23,169 9,454 838 55,234 37,203 2014 25,983 19,027 8,799 600 36,224 37,963 a. Compute times interest earned ratio for each year and discuss any trends for each. Round answers to one decimal place. Year TIE Ratio 2016 Answer 2015 Answer 2014 Answer b. Compute the current ratio for each year and discuss any trend in liquidity. Round answers to one decimal place. Year Current Ratio 2016 Answer 2015 Answer 2014 Answer Do you believe the company is sufficiently liquid? Explain. CVS’s current ratio has increased over the past three years and is greater than 1, indicating CVS is liquid. CVS’s current ratio has decreased over the past three years and it is currently less than 1 indicating CVS is not liquid. CVS’s current ratio has increased over the past three years, however, it remains less than 1 indicating CVS is not liquid. CVS’s current ratio has decreased over the past three years, however, it is greater than 1 indicating CVS is liquid. c. Compute the total liabilities-to-equity ratio for each year and discuss any trends for each. Round answers to one decimal place. Year Liabilities to Equity 2016 Answer 2015 Answer 2014 Answer d. What is your overall assessment of the company’s credit risk from the analyses in (a), (b), and (c)? CVS is a low credit risk as it has a low level of debt, is liquid and can easily meet its interest expenses. CVS is a low credit risk as its liabilities to equity ratio, current ratio, and times interest earned ratio have all decreased since 2014. CVS is a medium to high credit risk as its level of debt has increased and its current ratio and times interest ratio have decreased. CVS is a medium to high credit risk as its liabilities to equity ratio, current ratio, and times interest earned ratio have all increased since 2014.

Often times, children today are referred to as "the hurried child". This is because the demands on children are so great in our current society. Please complete a short "day in the life" journal entry scenario of an individual in middle childhood. This should be set up like a journal/diary entry from that child's perspective. Make sure that you include ways in which the idea of "the hurried child" is evident.

Please note that although you're writing from a child's perspective.

The Academy of Mathematics is looking to select an individual for an award based on their performance on their Grade 12 Data test. Pictured are the test results. How can the Academy decide which candidate is better suited for the award? Justify mathematically.

Nathan, from Kitchener scored 85% on his test that had a mean score of 71% and a standard deviation of 4%.

Nolan, from Elmira scored 87% on his test that had a mean score of 71% and a standard deviation of 7%.

8.) You graduate from college and start work. You establish an investment plan whereby you contribute $165 from each of your monthly paychecks and get 5.25% interest compounded monthly. You have your first payment payroll deducted and deposited into the IRA (individual retirement account) at the end of your first month's work. If you intend to work for 45 years, what will be the value of this investment when you retire? Show work