SQL

A manufacturing company’s data warehouse contains the following tables.

Region

Note: (p) = "primary key" and (f) = "foreign key". They are not part of the column names.

Product

Sales_Totals

Answer the following questions using the above tables/data:

6. Write a set of SQL statements which will add a row to the Region table for Europe, and then add a row to the Sales_Total table for the Europe region and the Sprocket product (product_id = 7684) for October 2020, with a sales total of $1,500. You can assign any value to the region_id column, as long as it is unique to the Region table. The statements should be executed as a single unit of work. Please note that since the statements are executed as a single unit of work, additional code is needed.

Required:

1. Calculate return on investment, based on net income and average total assets, for 2020 and 2019.
2. Calculate return on equity for 2020 and 2019.
3. Calculate working capital and the current ratio for each of the past three years.
4. Calculate earnings per share for 2020 and 2019.
5. If Wiper's stock had a price/earnings ratio of 12 at the end of 2020, what was the market price of the stock?
6. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in part e.
7. Calculate the dividend payout ratio for 2020.
8. Assume that accounts receivable at December 31, 2020, totaled $311 million. Calculate the number of days' sales in receivables at that date.
9. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019.
10. Calculate the times interest earned ratio for 2020 and 2019.

4. Capstone, Inc. (Chapter 9)

Capstone, Inc. is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. Capstone, Inc. gathered the following information from the managers.

Sales

Unit sales for November 2019                       113,000

Unit sales for December 2019                        103,000

Expected unit sales for January 2020                        115,000

Expected unit sales for February 2020           114,500

Expected unit sales for March 2020               118,000

Expected unit sales for April 2020                 130,000

Expected unit sales for May 2020                  140,000

Unit selling price                                              $12.50

Capstone, Inc. likes to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2019, totaled $175,000.

Direct Materials

Item                 Amount Used per Unit           Inventory, Dec. 31

Metal                  1 lb @ 58¢ per lb.                                5,177.5 lbs

Plastic             12 oz @ 6¢ per oz                              3,883.125 lbs

Rubber              12 oz @ 5¢ per oz                             1,294.375 lbs

2.5 lbs per unit total                10,355.0   lbs

Metal, plastic, and rubber together are 75¢ per pound per unit. (Hint: Do not prepare a separate materials purchases budget for each item of direct materials. Prepare a combined budget using the lbs per unit total applied to the budgeted production).

Capstone, Inc. likes to keep 5% of the materials needed for the next month in its ending inventory. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2019, totaled $135,000. Raw Materials on December 31, 2019, totaled 10,355 pounds.

Direct Labor

Labor requires 15 minutes per unit for completion and is paid at a rate of $8 per hour.

Manufacturing Overhead

Indirect materials                   35¢ per labor hour

Indirect labor                          55¢ per labor hour

Utilities                                   40¢ per labor hour

Maintenance                           20¢ per labor hour

Salaries                                   $42,000 per month

Depreciation                           $16,800 per month

Property taxes                                     $ 2,675 per month

Insurance                                $ 1,200 per month

Janitorial                                 $ 1,300 per month

Selling and Administrative

Variable selling and administrative cost per unit is $1.60.

Advertising                             $15,500 a month

Insurance                                $ 1,250 a month

Salaries                                   $75,000 a month

            Depreciation                           $ 3,000 a month

Other fixed costs                     $ 3,500 a month

Other Information

The Cash balance on December 31, 2019, totaled $115,000, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2020. Dividends are paid each month at the rate of $1.75 per share for 6,000 shares outstanding. The company has an open line of credit with Romney’s Bank. The terms of the agreement requires the borrowing to be in $1,000 increments at 8% interest. Capstone, Inc. borrows on the first day of the month and repays on the last day of the month. A $525,000 equipment purchase is planned for February.

Instructions

For the first quarter of 2020, do the following.

1. Prepare a sales budget.
2. Prepare a production budget.
3. Prepare a direct materials budget. (Round to nearest dollar)
4. Prepare a direct labor budget. (For calculations, round to the nearest hour.)
5. Prepare a manufacturing overhead budget. (Round amounts to the nearest dollar.)
6. Prepare a selling and administrative budget.
7. Prepare a schedule for expected cash collections from customers.
8. Prepare a schedule for expected payments for materials purchases. (Round totals to nearest dollar)
9. Prepare a cash budget.

4. Capstone, Inc. (Chapter 9)

Capstone, Inc. is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. Capstone, Inc. gathered the following information from the managers.

Sales

Unit sales for November 2019                       113,000

Unit sales for December 2019                        103,000

Expected unit sales for January 2020                        115,000

Expected unit sales for February 2020           114,500

Expected unit sales for March 2020               118,000

Expected unit sales for April 2020                 130,000

Expected unit sales for May 2020                  140,000

Unit selling price                                              $12.50

Capstone, Inc. likes to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2019, totaled $175,000.

Direct Materials

Item                 Amount Used per Unit           Inventory, Dec. 31

Metal                  1 lb @ 58¢ per lb.                                5,177.5 lbs

Plastic             12 oz @ 6¢ per oz                              3,883.125 lbs

Rubber              12 oz @ 5¢ per oz                             1,294.375 lbs

2.5 lbs per unit total                10,355.0   lbs

Metal, plastic, and rubber together are 75¢ per pound per unit. (Hint: Do not prepare a separate materials purchases budget for each item of direct materials. Prepare a combined budget using the lbs per unit total applied to the budgeted production).

Capstone, Inc. likes to keep 5% of the materials needed for the next month in its ending inventory. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2019, totaled $135,000. Raw Materials on December 31, 2019, totaled 10,355 pounds.

Direct Labor

Labor requires 15 minutes per unit for completion and is paid at a rate of $8 per hour.

Manufacturing Overhead

Indirect materials                   35¢ per labor hour

Indirect labor                          55¢ per labor hour

Utilities                                   40¢ per labor hour

Maintenance                           20¢ per labor hour

Salaries                                   $42,000 per month

Depreciation                           $16,800 per month

Property taxes                                     $ 2,675 per month

Insurance                                $ 1,200 per month

Janitorial                                 $ 1,300 per month

Selling and Administrative

Variable selling and administrative cost per unit is $1.60.

Advertising                             $15,500 a month

Insurance                                $ 1,250 a month

Salaries                                   $75,000 a month

            Depreciation                           $ 3,000 a month

Other fixed costs                     $ 3,500 a month

Other Information

The Cash balance on December 31, 2019, totaled $115,000, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2020. Dividends are paid each month at the rate of $1.75 per share for 6,000 shares outstanding. The company has an open line of credit with Romney’s Bank. The terms of the agreement requires the borrowing to be in $1,000 increments at 8% interest. Capstone, Inc. borrows on the first day of the month and repays on the last day of the month. A $525,000 equipment purchase is planned for February.

Instructions

For the first quarter of 2020, do the following.

1. Prepare a sales budget.
2. Prepare a production budget.
3. Prepare a direct materials budget. (Round to nearest dollar)
4. Prepare a direct labor budget. (For calculations, round to the nearest hour.)
5. Prepare a manufacturing overhead budget. (Round amounts to the nearest dollar.)
6. Prepare a selling and administrative budget.
7. Prepare a schedule for expected cash collections from customers.
8. Prepare a schedule for expected payments for materials purchases. (Round totals to nearest dollar)
9. Prepare a cash budget.

An insurance company agrees to pay the promoter of a drag race $15000 if the race has to be canceled because of rain. If the company's actuary feels that a fair net premium for this risk is $2400, what does this tell us about his assessment of the probability that the race will have to be canceled because of rain? （Please indicate the formula and Explain each step in detail. Thank you.）

An insurance company insures large number of independent individual houses. The expected
average loss for each house for 1 year period is $600, and the standard deviation of the average
loss is $100. Let us assume that the average loss follows the normal distribution. Using
Normdist() function in Excel, calculate the probability that the average loss will exceed $850 (show the detailed steps)

Ratio analysis of financial statements allows us to see how well a company is operating versus its past and in relation to other companies. Pick one type of ratios d and share how the ratio is calculated and what the results mean.

If you could explain one so that I, a non accounting major who is struggling to understand, might get it.

Use google to search for VPN uses. Make a list of how a company that hires remote employees might us a VPN. What kinds of hardware and software do you need to run a VPN? List general steps to install and use a VPN. Describe security risks of using VPNs to a business. Submit your findings in a brief 250 word essay.

Provided below is the incomplete income statement (for 2020) and balance sheet (Dec 31 2019 and Dec 31 2020) for SCOTTY Inc. SCOTTY Inc. Income Statement For the year ended Dec. 21, 2020 Net sales $8,953 Cost of goods sold $5,865 Depreciation $? EBIT $? Interest paid $675 Earnings before taxes $? Taxes $400 Net income $705 Dividends paid $? Addition to retained earnings $450 SCOTTY Inc. Balance Sheet as at December 31, 2019 and 2020 2019 2020 2019 2020 Cash $725 $1,135 Accounts payable $859 $1,031 Accounts rec. $2,330 $? Notes payable $? $4,020 Inventory $3,240 $5,202 Current liabilities $? $? Current assets $? $? Long-term debt $9,250 $9,750 Net fixed assets $? $9,211 Common stock $250 $? Retained earnings $? $2,797 Total assets $16,083 $17,848 Total liabilities & equity $? $? a) Fill in the missing values for entries in the income statement and balance sheet in the table provided below. MISSING ENTERIES VALUES Depreciation EBIT Earnings before taxes Dividends paid Current assets (2019) Net fixed assets (2019) Notes payable (2019) Current Liabilities (2019) Retained earnings (2019) Total liabilities & equity (2019) Accounts receivables (2020) Current assets (2020) Current Liabilities (2020) Common stock (2020) Total liabilities & equity (2020) b) What is the company’s net working capital at the end of 2019 and at the end of 2020?

The Williams Company, a U.S.-based company, owns 100% of a European Subsidiary (ES). The investment in ES totals $10 million (euros 13.5 million) as of the end of Year 1. This represents an initial investment of $6 million and retained earnings of $4 million. The Currency Translation Adjustment (CTA) account included in Other Comprehensive Income (OCI) totals $1 million (loss) at the end of Year 1.

During Year 2, Williams decided to sell 25% of ES to the Tremont Company, an unrelated U.S.-based Company for $15 million in cash. The closing date of the transaction is June 30 of Year 2. Earnings of ES for the six months of Year 2 are $1 million and there was an additional increase of $200,000 in the CTA during the first six months of Year 2. No dividends have been paid by ES to Williams.

Instructions:

1. Calculate the gain or the loss on the partial disposal by Williams of ES as of June 30, Year 2, under both the US GAAP and IFRS. Make sure you show the details of both calculations and provide authoritative references supporting the basis and the reasoning for each of your calculations.
2. Assume that during January Year 2, ES paid a dividend to Williams of euro 6.75 million ($5 million). How would that dividend be treated by Williams under both the US GAAP and IFRS? What impact, if any, would this dividend have on the CTA account of Williams under both the US GAAP and IFRS? Make sure you show the details of any calculations and provide authoritative references supporting the basis and the reasoning for each of your calculations, if any.
3. Assume that Williams’s investment in ES totals $6 million, the amount of the original investment. ES had not made any money since being formed by Williams as of December 31, Year 1, management has decided to sell ES, and to evaluate ES for any impairment charge in its Year 1 financial statements. The CTA totals $1 million at the end of Year 1. How would the evaluation of ES differ under the US GAAP and IFRS? Make sure you show the details of any calculations supported by authoritative references when answering this question.

• Your submission should be a minimum of 3 pages in length, not including the required cover and reference pages. Longer submissions are permissible.