find any article regarding current GDP...it can't be dated any sooner than December of 2018! Provide the link...it's required! The article should reflect either a discussion on how fourth quarter GDP reflected the status of the economy or where it seemed to be headed!
In: Economics
You inherited money from a deceased relative. You are entitled to receive $1,463 every quarter for the next ten years. If you could invest right now, you would be able to earn 5%, compounded quarterly. How much is this inheritance worth to you?
In: Finance
make a c++ program that calculates the amount left from a value of money of one dollar bill or less in quarters, dimes, nickels, and pennies. The remaining value can be shown in cents knowing that in cents:
penny = 1
nickel = 5
dime = 10
quarter = 25
In: Computer Science
1. When analyzing a firm’s financial performance, should the analyst focus on the incremental after-tax profits or the incremental after-tax cash flows of the firm? Explain your reasoning!
2. Holding all else constant, how would a significant increase in interest bearing debt impact the measure of the firm’s Free Cash Flow? Explain!
3. If a firm uses an accelerated depreciation expense method (MACRS) versus straight line depreciation expense for a newly acquired asset, what would be the impact on the firm’s operating profit after taxes in the first year the asset was in use? What would be the impact on the firm’s free cash flow after taxes in the first year the asset was in use? Which method of depreciation would you recommend?
4. In 2019, the firm’s operating profit after taxes decreased significantly, however, the firm’s free cash flow increased in 2019. Assuming the firm’s depreciation expense and W/C did not change, what is a likely explanation for the set of performance measures for this firm in 2019? Based on this information, was the firm’s performance in 2019 good, bad, or unclear?
5. In 2019, the firm’s operating profit after taxes was constant, the firm’s free cash flow decreased significantly, and the firm’s EVA was constant. What is a likely explanation for the set of performance measures for this firm in 2019? Based on this information, was the firm’s performance in 2019 good, bad, or unclear?
6. What could account for the fact that the firm’s economic value added and ROIC was positive and significantly greater than their peer firm in 2019, while the firm’s abnormal stock return compared to their peer was negative in 2019?
7. In January of 2020, Ford Motor Corporation is going to announce their plans to start constructing a production facility in Kenya in the second quarter of 2020. It is expected that Ford will not begin selling cars and trucks in Kenya until the fourth quarter of 2021 (depreciation expense will not begin until the firm starts to utilize the assets in their operations). Along with the announcement to expand into Kenya, Ford announced their expectations of a very high return on invested capital from this investment opportunity. The project will be financed at the firm’s current debt to asset ratio (wd) of around 25%. What is the likely impact of this decision for Ford’s performance in fiscal year 2020? More specifically, explain your predicted impact on the following performance measures:
Operating Margin:
Operating Return on Assets:
Free Cash Flow:
Economic Value Added:
Total Shareholders’ Return:
In: Finance
Web Wizard, Inc., has provided information technology services
for several years. The company uses the percentage of credit sales
method to estimate bad debts for internal monthly reporting
purposes. At the end of each quarter, the company adjusts its
records using the aging of accounts receivable method. The company
entered into the following selected transactions during the first
quarter of 2017:
| Number of Days Unpaid | |||||||||||||||
| Customer | Total | 0-30 | 31-60 | 61-90 | Over 90 | ||||||||||
| Altavista Tourism | $ | 200 | $ | 100 | $ | 80 | $ | 20 | |||||||
| Bayling Bungalows | 400 | $ | 400 | ||||||||||||
| Others (not shown to save space) | 17,000 | 6,800 | 8,400 | 1,000 | 800 | ||||||||||
| Xciting Xcursions | 400 | 400 | |||||||||||||
| Total Accounts Receivable | $ | 18,000 | $ | 7,300 | $ | 8,480 | $ | 1,020 | $ | 1,200 | |||||
| Estimated uncollectable (%) | 2 | % | 10 | % | 20 | % | 40 | % | |||||||
1-a. For items (a) through (j), analyze the amount and effects on specific financial statement accounts and the overall accounting equation. (Enter any decreases to the account with a minus sign.)
1-b. Prepare the journal entries for
the above items. (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
2. Show how the receivables related to these
transactions would be reported in the current assets section of a
classified balance sheet. (Amounts to be deducted should be
indicated by a minus sign.)
3. Name the accounts related to Accounts
Receivable and Note Receivable that would be reported on the income
statement and indicate whether they would appear before or after
Income from Operations.
In: Accounting
PB8-4 Accounting for Accounts and Notes Receivable Transactions [LO 8-2, LO 8-3]
|
Elite Events Corporation has provided event planning services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting purposes. At the end of each quarter, the company adjusts its records using the aging of accounts receivable method. The company entered into the following partial list of transactions during the first quarter. |
|
a. |
During January, the company provided services for $400,000 on credit. |
|
b. |
On January 31, the company estimated bad debts using 1 percent of credit sales. |
|
c. |
On February 4, the company collected $350,000 of accounts receivable. |
|
d. |
On February 15, the company wrote off a $4,000 account receivable. |
|
e. |
During February, the company provided services for $350,000 on credit. |
|
f. |
On February 28, the company estimated bad debts using 1 percent of credit sales. |
|
g. |
On March 1, the company loaned $10,000 to an employee who signed a 6% note, due in 9 months. |
|
h. |
On March 15, the company collected $4,000 on the account written off one month earlier. |
|
i. |
On March 31, the company accrued interest earned on the note. |
|
j. |
On March 31, the company adjusted for uncollectible accounts, based on the following aging analysis. Allowance for Doubtful Accounts has an unadjusted credit balance of $10,000. |
|
Number of Days Unpaid |
||||||||||
|
Customer |
Total |
0-30 |
31-60 |
61-90 |
Over 90 |
|||||
|
Aerosmith |
$ |
2,200 |
$ |
1,100 |
$ |
1,100 |
||||
|
Biggie Small |
2,200 |
$ |
1,100 |
$ |
1,100 |
|||||
|
Others (not shown to save space) |
103,000 |
40,000 |
43,000 |
10,000 |
10,000 |
|||||
|
ZZ Top |
8,000 |
8,000 |
||||||||
|
Total Accounts Receivable |
$ |
115,400 |
$ |
49,100 |
$ |
44,100 |
$ |
11,100 |
$ |
11,100 |
|
Estimated uncollectible (%) |
4% |
10% |
20% |
30% |
||||||
|
1. |
For items (a)–(j), analyze the amount and direction (+ or ?) of effects on specific financial statement accounts and the overall accounting equation. (Enter any decreases to account balances with a minus sign.) |
|
2. |
Prepare the journal entries for items (a)–(j). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) |
|
3. |
Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current assets section of a classified balance sheet. |
|
4. |
Sales Revenue and Service Revenue are two income statement accounts that related to Accounts Receivable. Name two other accounts related to Accounts Receivable and Notes Receivable that would be reported on the income statement and indicate whether each would appear before, or after, Income from Operations. |
In: Accounting
Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below:
April May June Total
Budgeted sales (all on account) $ 300,000 $ 500,000 $200,000 $ 1,000,000
From past experience, the company has learned that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $230,000, and March sales totaled $260,000.
Requirement 1:
Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.
Requirement 2:
Assume that the company will prepare a budgeted balance sheet as of June 30. Compute the accounts receivable as of that date.
In: Accounting
1. A truck is purchased 3/1/19 for $10,000; a machine is purchased 7/1/19 for $20,000; and office furniture is purchased 10/1/19 for $5,000. No other assets are placed in service during the year. No 179 or additional depreciation is elected.
What is the proper convention? [ Select ] ["mid quarter", "half year", "mid month"]
The depreciation for the truck for 2109 is [ Select ] ["2,000", "1,429", "3,500", "1,500"]
The depreciation for the machine for 2019 is [ Select ] ["4,000", "2,142", "7,000", "2,858"]
2. A truck is placed in service 5/1/19 with a cost of $5,000 and a machine is placed in service 10/1/19 with a cost of $20,000. No other assets are placed in service during the year. No 179 or additional depreciation is elected.
What is the proper convention? [ Select ] ["mid quarter", "half year", "mid month", ""]
The depreciation for the truck for 2019 is: [ Select ] ["5,000", "1,000", "1,250", "50"]
In: Finance
Moyes has taken delivery of 50,000 electronic devices from a firm in Malaysia. The seller is in a strong bargaining position and has priced the devices in Malaysian dollars at M$ 12 each.
It has granted Moyes 3 months’ credit. Malaysian interest rates are 3% per quarter. Moyes has all its money tied up in its operations but could borrow in sterling, its home currency at 4% per quarter if necessary.
Exchange rate :Malaysian dollar per £
Spot : 5.4165
Three-month forward= 5.425
A three-month sterling put, Malaysian dollar call currency option with a strike price of M$ 5.425/£ for M$ 600,000 is available for a premium of M$ 15,000.
Required:
a) Discuss, with the help of calculations three hedging strategies available to Moyes.
b) Weigh up the advantages and disadvantages of each strategy
In: Finance
. Yientieobiaa Ltd is offering 10 million units of
15-year bonds with a face value of GH¢1000
each. Though the bonds are being offered at a price of GH¢950 each,
the bonds will be redeemed
at a premium of 15%. The annual coupon rate of the bonds is 20%.
Interest is payable at the end
of every six months.
A provision in the bond indenture requires that Yientieobiaa Ltd
establishes a sinking fund to
accumulate enough money to pay the total redemption value of the
bonds upon maturity. To
comply with this provision, Yientieobiaa Ltd plans to set aside an
even amount at the end of each
quarter over the next 15 years. Each of the even amounts that will
be set aside will be invested
at an annual interest rate of 24% with quarterly compounding.
Required:
Calculate the even amount that should be put into the sinking fund
at the end of each quarter to
raise enough money to pay the total redemption value of the
bonds.
In: Finance