Questions
Advertising expenses are usually wasteful, with no guarantee of enhanced sales or higher loyalty from the...

Advertising expenses are usually wasteful, with no guarantee of enhanced sales or higher loyalty from the target audience. Do you agree with the statement? If yes, give logic and present your view point. Also discuss the difference between consumer markets and business market? Also differentiate the three types of buying situations during the purchase decisions. Discuss the difference between penetration and skimming pricing strategy with the reference of manufacturing and services firm.

In: Accounting

Three capacitors are arranged as shown as a portion of a complete circuit. ?2 and ?3...

Three capacitors are arranged as shown as a portion of a complete circuit. ?2 and ?3 are wired in parallel, and then the system of (?2 + ?3) is wired in series to capacitor ?1. The capacitances of each capacitor are ?1 = 5.1 ??, ?2 = 4.8 ??, and C3= 6.2 ??. There is an unknown potential difference between points a and b. a. What is the equivalent capacitance of the system? b. If the charge on ?2 is 22 ??, what are the charges on ?1 and ?3? c. What is the voltage between points a and b?

In: Physics

1. Describe the bonds issued by Microsoft (MSFT) over the three-year period, in terms of par,...

1. Describe the bonds issued by Microsoft (MSFT) over the three-year period, in terms of par, coupon, maturity, price and yield to maturity. Discuss the relationship between bond price and yield to maturity?

2. Compare Microsoft (MSFT) bond yield to the current Treasury bond yield curve. Discuss the factors that lead to the difference of the yields between your firm’s bond and the treasury bond. Be sure to discuss the nominal interest.

In: Finance

Use a table of cumulative areas under the normal curve to find the​ z-score that corresponds...

Use a table of cumulative areas under the normal curve to find the​ z-score that corresponds to the given cumulative area. If the area is not in the​ table, use the entry closest to the area. If the area is halfway between two​ entries, use the​ z-score halfway between the corresponding​ z-scores. If​ convenient, use technology to find the​ z-score. 0.05

The cumulative area corresponds to the​ z-score of ?. ​(Round to three decimal places as​ needed.)

In: Statistics and Probability

Describe the balance of payments and what it seeks to measure. Describe the three accounts included...

Describe the balance of payments and what it seeks to measure. Describe the three accounts included and what these measure. Explain how an understanding of the balance of payments helps to have a more complete of exchange that takes between nations rather than focusing on the balance of goods and services. Discuss the relationship between the current account and savings, investment, and government finances. Is the current account in itself the best measure of unsustainable trade imbalances? Explain why or why not.

In: Economics

a) Plot the Lorenz curve for the income distribution: (2,2,4,6,8,20,30,40,60,100) Consider an income redistribution that takes...

a) Plot the Lorenz curve for the income distribution:

(2,2,4,6,8,20,30,40,60,100)

Consider an income redistribution that takes 20% of income from each of the three richest individuals and distribute equally to individuals that have an income below the poverty line (9). Plot the Lorenz curve again to demonstrate that inequality has decreased.

What happened to the coefficient of variation between the two periods? What can you conclude about the change in inequality between periods from this?

In: Economics

Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is...

Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is at generating a return for investors who have provided capital (bondholders and stockholders). The ROIC calculation answers three questions: How tax efficient is the firm? How effective are the firm’s operations? How intensively does the firm use capital? Comparing the answers to these questions between firms can help you understand why one firm is more profitable than another and where that profitability is coming from. In the following, Apple’s ROIC is compared to Microsoft’s. The income statement and balance sheet are provided for both firms. While the ROIC calculation for Microsoft is completed below, you have to complete the calculation for Apple by supplying the correct income statement and balance sheet information. As you fill in this information, the components of Apple’s ROIC will be calculated along with some supporting ratios. Use these subcomponents and supporting ratios to compare Apple and Microsoft’s performance. Where does Apple’s advantage come from? This activity demonstrates the calculation of ROIC and the comparison of firm performance, supporting Learning Objective 5-1 and 5-2. Instructions Use the income statement and balance sheet information for Apple to fill in the missing items in the calculation of Apple’s ROIC and supporting ratios. Once filled in correctly, compare Apple’s performance to that of Microsoft. Where does Apple have an advantage? Where does Microsoft have an advantage? Apple Inc Microsoft Corporation Income Statement FYE Sept, 27 2014 (000) FYE June 30 2015 (000) Net sales 182,795,000 93,580,000 Cost of sales 112,258,000 33,038,000 Gross margin 70,537,000 60,542,000 Research & development expense 6,041,000 12,046,000 Selling, general & admin expense 11,993,000 20,324,000 Total operating expenses 10,011,000 Operating expenses 18,034,000 42,381,000 Operating margin 52,503,000 18,161,000 Interest & dividend income 1,795,000 766,000 Interest expense 384,000 781,000 Other Income / Expense -431,000 361,000 Total Other income 980,000 346,000 Earnings before taxes 53,483,000 18,507,000 Provision for taxes 13,973,000 6,314,000 Net income (loss) 39,510,000 12,193,000 Apple Inc Microsoft Corporation Balance sheet FYE Sept, 27 2014 (000) FYE June 30 2015 (000) Cash & cash equivalents 13,844,000 5,595,000 Short-term marketable securities 11,233,000 90,931,000 Accounts receivable 17,460,000 17,908,000 Components 471,000 1,100,000 Finished goods 1,640,000 1,600,000 Inventories 2,111,000 2,902,000 Other Current Assets 21,772,000 4,676,000 Total current assets 68,531,000 124,712,000 130,162,000 12,053,000 Long-term marketable securities 20,624,000 14,731,000 Fixed Assets: PP&E (net) 12,522,000 24,727,000 Other assets 163,308,000 51,511,000 Long term assets 231,839,000 176,223,000 Total assets 30,196,000 6,591,000 Accounts payable 33,252,000 43,267,000 Other Current liabilities 63,448,000 49,858,000 Total current liabilities 28,987,000 Long-term debt 3,031,000 278,080,00 Deferred revenue - non-current 20,259,000 2,095,000 Deferred tax liabilities 4,567,000 2,835,000 Other non-current liabilities 13,544,000 Long Term liabilities 56,844,000 46,282,000 Total liabilities 120,292,000 96,140,000 Common stock 23,313,000 68,465,000 Retained earnings 87,152,000 9,096,000 Unrecognized gain on securities 1,082,000 2,522,000 Total shareholders' equity 111,547,000 80,083,000 Total liabilities + shareholders equity 231,839,000 176,223,000 References Refresher SFALearning Objective: 05-01 Conduct a firm profitability analysis using accounting data to assess and evaluate competitive advantage.Learning Objective: 05-02 Apply shareholder value creation to assess and evaluate competitive advantage. 7.value: 10.00 pointsRequired information Calculate the Apple’s ROIC and supporting ratios. (Enter your responses rounded to two decimal places.)

Income Statement FYE Sept, 27 2014 (000) FYE June 30 2015 (000)
Net sales 182,795,000 93,580,000
Cost of sales 112,258,000 33,038,000
Gross margin 70,537,000 60,542,000
Research & development expense 6,041,000 12,046,000
Selling, general & admin expense 11,993,000 20,324,000
Total operating expenses 10,011,000
Operating expenses 18,034,000 42,381,000
Operating margin 52,503,000 18,161,000
Interest & dividend income 1,795,000 766,000
Interest expense 384,000 781,000
Other Income / Expense -431,000 361,000
Total Other income 980,000 346,000
Earnings before taxes 53,483,000 18,507,000
Provision for taxes 13,973,000 6,314,000
Net income (loss) 39,510,000 12,193,000
Apple Inc Microsoft Corporation
Balance sheet FYE Sept, 27 2014 (000) FYE June 30 2015 (000)
Cash & cash equivalents 13,844,000 5,595,000
Short-term marketable securities 11,233,000 90,931,000
Accounts receivable 17,460,000 17,908,000
Components 471,000 1,100,000
Finished goods 1,640,000 1,600,000
Inventories 2,111,000 2,902,000
Other Current Assets 21,772,000 4,676,000
Total current assets 68,531,000 124,712,000
130,162,000 12,053,000
Long-term marketable securities 20,624,000 14,731,000
Fixed Assets: PP&E (net) 12,522,000 24,727,000
Other assets 163,308,000 51,511,000
Long term assets 231,839,000 176,223,000
Total assets 30,196,000 6,591,000
Accounts payable 33,252,000 43,267,000
Other Current liabilities 63,448,000 49,858,000
Total current liabilities 28,987,000
Long-term debt 3,031,000 278,080,00
Deferred revenue - non-current 20,259,000 2,095,000
Deferred tax liabilities 4,567,000 2,835,000
Other non-current liabilities 13,544,000
Long Term liabilities 56,844,000 46,282,000
Total liabilities 120,292,000 96,140,000
Common stock 23,313,000 68,465,000
Retained earnings 87,152,000 9,096,000
Unrecognized gain on securities 1,082,000 2,522,000
Total shareholders' equity 111,547,000 80,083,000
Total liabilities + shareholders equity 231,839,000 176,223,000

References

Refresher SFALearning Objective: 05-01 Conduct a firm profitability analysis using accounting data to assess and evaluate competitive advantage.Learning Objective: 05-02 Apply shareholder value creation to assess and evaluate competitive advantage.

7.

value:
10.00 points

Required information

Calculate the Apple’s ROIC and supporting ratios. (Enter your responses rounded to two decimal places.)

In: Accounting

*Create a General Journal, Worksheet, Income Statement, Changes in Retained Earnings, Balance Sheet, Data for General...

*Create a General Journal, Worksheet, Income Statement, Changes in Retained Earnings, Balance Sheet, Data for General Ledger and also make a Ledger.*

Byte of Accounting, Inc.

Transaction Description of transaction
01. June 1: Byte of Accounting, Inc. issued 2,610 shares of its common stock to Jeremy after $29,160 in cash and computer equipment with a fair market value of $41,310 were received.

02. June 1: Byte of Accounting, Inc. issued 2,645 shares of its common stock after acquiring from Courtney $58,050 in cash, computer equipment with a fair market value of $12,420 and office equipment with a fair value of $945.

03. June 1: Byte of Accounting, Inc. acquired $59,400 in cash from Wes and issued 2,200 shares of its common stock.

04. June 2: A down payment of $29,000 in cash was made on additional computer equipment that was purchased for $145,000. A five-year note was executed by Byte for the balance.

05. June 4: Additional office equipment costing $700 was purchased on credit from Discount Computer Corporation.

06. June 8: Unsatisfactory office equipment costing $140 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte.

07. June 10: Byte paid $22,250 on the balance it owed on the June 2 purchase of computer equipment.

08. June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $6,312 in cash. The effective date of the policy was June 16.

09. June 16: Computer consultation revenue of $7,000 was received.

10. June 16: Byte purchased a building and the land it is on for $101,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $16,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $10,100 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1.

11. June 17: Cash of $7,200 was paid for rent for June, July, August and September. Put the total amount into the Prepaid Rent account.

12. June 17: Received a bill of $375 from the local newspaper for advertising.

13. June 21: Billed various miscellaneous local customers $4,900 for consulting services performed.

14. June 21: A fax machine for the office was purchased for $700 cash.

15. June 21: Accounts payable in the amount of $560 were paid.

16. June 22: Paid the advertising bill that was received on June 17.

17. June 22: Received a bill for $1,115 from Computer Parts and Repair Co. for repairs to the computer equipment.

18. June 22: Paid salaries of $910 to equipment operators for the week ending June 18.

19. June 23: Cash in the amount of $3,925 was received on billings.

20. June 23: Purchased office supplies for $505 on credit. Record the purchase as an increase to the assets.

21. June 28: Billed $5,490 to miscellaneous customers for services performed to June 25.

22. June 29: Cash in the amount of $5,201 was received for billings.

23. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co.

24. June 29: Paid salaries of $910 to equipment operators for the week ending June 25.

25. June 30: Received a bill for the amount of $790 from O & G Oil and Gas Co.

26. June 30: Paid a cash dividend of $0.17 per share to the three shareholders of Byte. [IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions.]

Adjusting Entries - Round to two decimal places.

27. The rent payment made on June 17 was for June, July, August and September. Expense the amount associated with one month's rent.

28. A physical inventory showed that only $202.00 worth of office supplies remained on hand as of June 30.

29. The annual interest rate on the mortgage payable was 7.75 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16.

30. Information relating to the prepaid insurance may be obtained from the transaction recorded on June 14. Expense the amount associated with one half month's insurance.

31. A review of Byte’s job worksheets show that there are unbilled revenues in the amount of $5,625 for the period of June 28-30.

32. The expense for depreciation follows:
Building - $247.00
Computer Equipment - $3,052.00
Office Equipment - $27.00


33. A review of the payroll records show that unpaid salaries in the amount of $546 are owed by Byte for three days, June 28 - 30.

34. The note payable relating to the June 2, and 10 transactions is a five-year note, with interest at the rate of 12 percent annually. The June interest expense from this note is $934.33.



35. Income taxes are to be computed at the rate of 25 percent of net income before taxes.
[IMPORTANT NOTE: Since the income taxes are a percent of the net income you will want to prepare the Income Statements through the Net Income Before Tax line. The worksheet contains all of the accounts and their balances which you can then transfer to the appropriate financial statement.

Closing Entries

36. Close the revenue accounts.

37. Close the expense accounts.

38. Close the income summary account.

39. Close the dividends account.

*Chart of Accounts*

Number Name Normal Balance
1110 Cash Debit
1120 Accounts Receivable Debit
1130 Prepaid Insurance Debit
1140 Prepaid Rent Debit
1150 Office Supplies Debit
1211 Office Equip. Debit
1212 Accum. Depr.-Office Equip. Credit
1311 Computer Equip. Debit
1312 Accum. Depr.-Computer Equip. Credit
1411 Building Cost Debit
1412 Accum. Depr.-Building Credit
1510 Land Debit
2101 Accounts Payable Credit
2102 Advanced Payments Credit
2103 Interest Payable Credit
2105 Salaries Payable Credit
2106 Income Taxes Payable Credit
2201 Mortgage Payable Credit
2202 Notes Payable Credit
3100 Capital Stock Credit
3200 Retained Earnings Credit
3300 Dividends Debit
3400 Income Summary Credit
4100 Computer & Consulting Revenue Credit
5010 Rent Expense Debit
5020 Salary Expense Debit
5030 Advertising Expense Debit
5040 Repairs & Maint. Expense Debit
5050 Oil & Gas Expense Debit
5080 Supplies Expense Debit
5090 Interest Expense Debit
5100 Insurance Expense Debit
5110 Depreciation Expense Debit
5120 Income Tax Expense Debit


In: Accounting

A company want to find out if there is a linear relationship between indirect labor expense...

A company want to find out if there is a linear relationship between indirect labor expense (ILE), in dollars, and direct labor hours (DLH). Data for direct labor hours and indirect labor expense for 25 months are given. Based on the data in the table below, is there a significant linear relationship between Direct Labor Hours and the Indirect Labor Expense?

  • A.

    Yes, because the p-value = 0.00023

  • B.

    No, the sample correlation coefficient is equal to 0.878, which provides evidence of a significant linear relationship.

  • C.

    No, because the p-value = 0.00023

  • D.

    Yes, the sample correlation coefficient is equal to 0.878, which provides evidence of a significant linear relationship.

DLH(X) ILE(Y)
20 361
25 355
22 376
23 384
20 374
19 311
24 427.2
28 387.5
26 450.8
29 475.2
27 462.6
22 333.3
26 389.9
25 445
28 511
32 501.1
33 544.9
35 423.8
34 574.1
30 535.4
36 444.7
37 578.4
37 399.6
31 355
20 313

In: Statistics and Probability

Measuring the height of a particular species of tree is very difficult because these trees grow...

Measuring the height of a particular species of tree is very difficult because these trees grow to tremendous heights. People familiar with these trees understand that the height of a tree of this species is related to other characteristics of the​ tree, including the diameter of the tree at the breast height of a person. The accompanying data represent the height​ (in feet) and diameter​ (in inches) at the breast height of a person for a sample of 21 trees of this species.

Height

Diameter at breast height

122.3

21

194.7

38

167.2

19

82.4

11

134.4

21

157.1

29

173.3

54

81.4

12

147.2

27

112.3

11

84.5

13

164.4

40

204.4

49

173.8

32

157.9

23

206.1

40

222.5

44

222.5

57

232.5

38

190.3

37

99.6

8

A. Determine whether there is a significant relationship between the height of trees of this species and the​breast-height diameter at the 0.05 level of significance.

B. Construct a 95​% confidence interval estimate of the population slope between the height of the trees and​breast-height diameter.

C. What conclusions can be reached concerning the relationship of the diameter of the tree and its​ height?

In: Statistics and Probability