On January 1, 2017, Brussels enterprises issue bonds at par dated January 1, 2017, that have $3,300,000 par value, mature in 4 years and pay 10% interest semiannually on June 30 and December 31
1) Record the entry for the issuance of bonds for cash on January wa1, 2017
2) record the entry for the first semiannual interest payment on June 30, 2017
3) Record the entry for the second semiannual interest payment on December 31, 2017
4) record the entry for the maturity of the bonds on december 31, 2020.
In: Accounting
Under consideration is financing the purchase of a machine using a 3-year loan paid in years 1 through 3 with a down payment of 40 percent and interest rate of 8.0%. An analysis of the 60,000 machine paid in full at time of purchase a forecast of taxable income (not taxes) which included depreciation using 3 year MACRS percentages gave the results below.
| Year | 1 | 2 | 3 | 4 |
| Forecasted Taxable Income | 22,000 | 26,000 | 8,000 | 4,000 |
Calculate and report the new estimate of the taxable income (not taxes) in years 1 through 4 with this loan.
In: Finance
Dimples is dominant over smooth cheeks, and brown eyes are dominant to blue. A blue-eyed woman with dimples (both her parents had brown eyes, her mother had dimples and her father had no dimples) marries a brown-eyed man with dimples (his father had blue eyes and dimples, his mother had brown eyes and no dimples). What is the probability that their first child will have blue eyes and dimples?
| a. |
1/4 |
|
| b. |
1/2 |
|
| c. |
3/8 |
|
| d. |
3/4 |
|
| e. |
1/8 |
In: Biology
PYTHON Exercise 4. Fantasy Game Inventory Imagine you have this inventory in a fantasy game: Item Number of this items Rope 1 Torch 6 Gold coin 42 Dagger 1 Arrow 12 1. Save the inventory in a data structure. 2. Write a function that will take any possible inventory and display it in a pretty format. 3. Write a function to add new items to the data structure. Make sure new group of items can be created. 4. Write a function to delete items (not a whole group) from the data structure.
In: Computer Science
June 1 Sold merchandise to Avery & Wiest for $10,000; terms 1/5, n/15, FOB destination (cost of sales $7,150). 2 Purchased $5,400 of merchandise from Angolac Suppliers; terms 3/10, n/20, FOB shipping point. 4 Purchased merchandise inventory from Bastille Sales for $12,400; terms 3/15, n/45, FOB Bastille Sales. 5 Sold merchandise to Gelgar for $12,000; terms 1/5, n/15, FOB destination (cost of sales $8,200). 6 Collected the amount owing from Avery & Wiest regarding the June 1 sale. 12 Paid Angolac Suppliers for the June 2 purchase. 20 Collected the amount owing from Gelgar regarding the June 5 sale. 30 Paid Bastille Sales for the June 4 purchase. 1. Record the sales; terms 1/5, n/15, FOB destination. 2. Record the cost of sales. 3. Record the purchase of merchandise; terms 3/10, n/20, FOB shipping point. 4. Record the purchase of merchandise; terms 3/15, n/45, FOB Bastille Sales. 5.Record the sales; terms 1/5, n/15, FOB destination. 6.Record the cost of sales. 7.Record the collection for Avery & Wiest. 8.Record the payment for Angolac Suppliers. 9.Record the collection. 10. Record the payment. a. Calculate Net sales. b. Calculate Cost of goods sold. c. Calculate Gross profit from sales.
In: Accounting
Following is information on two alternative investments being
considered by Jolee Company. The company requires a 8% return from
its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1)
(Use appropriate factor(s) from the tables provided.)
| Project A | Project B | |||||||||
| Initial investment | $ | (184,325 | ) | $ | (154,960 | ) | ||||
| Expected net cash flows in year: | ||||||||||
| 1 | 50,000 | 29,000 | ||||||||
| 2 | 60,000 | 55,000 | ||||||||
| 3 | 75,295 | 48,000 | ||||||||
| 4 | 78,400 | 83,000 | ||||||||
| 5 | 71,000 | 22,000 | ||||||||
a. For each alternative project compute the net
present value.
b. For each alternative project compute the
profitability index. If the company can only select one project,
which should it choose?
|
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In: Accounting
Exercise 11-10 NPV and profitability index LO P3
Following is information on two alternative investments being
considered by Jolee Company. The company requires a 10% return from
its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1)
(Use appropriate factor(s) from the tables
provided.)
| Project A | Project B | |||||||||
| Initial investment | $ | (176,325 | ) | $ | (150,960 | ) | ||||
| Expected net cash flows in year: | ||||||||||
| 1 | 37,000 | 26,000 | ||||||||
| 2 | 55,000 | 51,000 | ||||||||
| 3 | 77,295 | 53,000 | ||||||||
| 4 | 93,400 | 78,000 | ||||||||
| 5 | 58,000 | 37,000 | ||||||||
a. For each alternative project compute the net
present value.
b. For each alternative project compute the
profitability index. If the company can only select one project,
which should it choose?
For each alternative project compute the net present value.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For each alternative project compute the profitability index. If the company can only select one project, which should it choose?
|
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In: Accounting
Following is information on two alternative investments being
considered by Jolee Company. The company requires a 8% return from
its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1)
(Use appropriate factor(s) from the tables
provided.)
| Project A | Project B | |||||||||
| Initial investment | $ | (186,325 | ) | $ | (157,960 | ) | ||||
| Expected net cash flows in: | ||||||||||
| Year 1 | 46,000 | 44,000 | ||||||||
| Year 2 | 41,000 | 60,000 | ||||||||
| Year 3 | 92,295 | 64,000 | ||||||||
| Year 4 | 88,400 | 76,000 | ||||||||
| Year 5 | 73,000 | 34,000 | ||||||||
a. For each alternative project compute the net
present value.
b. For each alternative project compute the
profitability index. If the company can only select one project,
which should it choose?
For each alternative project compute the net present value.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For each alternative project compute the profitability index. If the company can only select one project, which should it choose?
|
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In: Accounting
CC Car Wash specializes in car cleaning services. The services offered by the company, the exact service time, and the resources needed for each of them are described in the table following:
|
Service |
Description |
Processing Time |
Resource |
|
A. Wash |
Exterior car washing and drying |
10 minutes |
1 automated washing machine |
|
B. Wax |
Exterior car waxing |
15 minutes |
1 automated waxing machine |
|
C. Wheel Cleaning |
Detailed cleaning of all wheels |
16 minutes |
1 employee |
|
D. Interior Cleaning |
Detailed cleaning inside the car |
20 minutes |
1 employee |
The company offers the following packages to their customers:
• Package 1: Includes only car wash (service A).
• Package 2: Includes car wash and waxing (services A and B).
• Package 3: Car wash, waxing, and wheel cleaning (services A, B, and C).
• Package 4: All four services (A, B, C, and D).
Customers of CC Car Wash visit the station at a constant rate (you can ignore any effects of variability) of 50 customers per day. Of these customers, 30 percent buy Package 1, 30 percent buy Package 2, 15 percent buy Package 3, and 25 percent buy Package 4. The mix does not change over the course of the day. The store operates 10 hours a day.
g. What resource has the highest utilization rate? Input 1 for washing machine, input 2 for waxing machine, input 3 for employee at C, input 4 for employee at D.
Your answer is .
In: Operations Management
JAVA:
By comparing and contrasting recursive vs iterative algorithms.“How does the Sum_Recursive() function work and How does each recursive call reduce the problem?
The Code:
public static void main(String[] args) {
int value, result;
value = 9;
result = Factorial_Iterative(value);
System.out.println("Factorial of " + value + " using (Iterative
Calculation) is: " + result);
result = Factorial_Recursive(value);
System.out.println("Factorial of " + value + " using (Recursive
Calculation) is: " + result);
int theArray[] = {9, 3, 2, 4};
result = Sum_Iterative(theArray, theArray.length);
System.out.println("Sum of array elements { 9, 3, 2, 4 }:" + "using
(Iterative Calculation) is: " + result);
result = Sum_Recursive(theArray, theArray.length);
System.out.println("Sum of array elements { 9, 3, 2, 4 }:" + "using
(Recursive Calculation) is: " + result);
}
public static int Factorial_Iterative(int n) {
int result = 1;
for (int i = n; i >= 1; i--) {
result = result * i;
}
return (result);
}
public static int Factorial_Recursive(int n) {
System.out.println(n);
if (n == 0) // base case
{
return 1;
} else {
return n * Factorial_Recursive(n - 1);
}
}
//--------------------------------------------------------------
public static int Sum_Iterative(int array[], int ArraySize)
{
int result = 0;
for (int i = 0; i < ArraySize; i++) {
result = result + array[i];
}
return (result);
}
//--------------------------------------------------------------
public static int Sum_Recursive(int array[], int ArraySize)
{
if (ArraySize == 1) {
return (array[0]);
} else {
return (array[ArraySize - 1] + Sum_Recursive(array, ArraySize -
1));
}
}
}
In: Computer Science