Stamboul Company lists the following condensed balance sheet as of the beginning of 2016:

Stamboul is considering the impact of various types of dividends on this balance sheet. Each dividend would be declared and paid in 2016. These include:

Required:

Suppose the comparative balance sheets of Skysong, Inc. are presented here. SKYSONG, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9,550 $8,900 Property, plant, and equipment (net) 2,050 1,850 Other assets 1,480 1,730 Total assets $13,080 $12,480 Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,330 Long-term liabilities 1,270 1,300 Stockholders’ equity 8,580 7,850 Total liabilities and stockholders' equity $13,080 $12,480 (a) Prepare a horizontal analysis of the balance sheet data for Skysong, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) SKYSONG, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,550 $8,900 $ % Property, plant, and equipment (net) 2,050 1,850 % Other assets 1,480 1,730 % Total assets $13,080 $12,480 $ % Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,330 $ % Long-term liabilities 1,270 1,300 % Stockholders’ equity 8,580 7,850 % Total liabilities and stockholders' equity $13,080 $12,480 $ % (b) Prepare a vertical analysis of the balance sheet data for Skysong for 2017. SKYSONG, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,550 % Property, plant, and equipment (net) 2,050 % Other assets 1,480 % Total assets $13,080 % Liabilities and Stockholders' Equity Current Liabilities $3,230 % Long-term Liabilities 1,270 % Stockholders’ equity 8,580 % Total liabilities and stockholders' equity $13,080 %

Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed assets, accounts payable and accruals, as well as operating costs) are assumed to change with sales and will maintain their current percentage of sales rates into 2016. The dividend payout ratio will remain the same. Long-term debt and notes payable will remain constant into 2016 as will interest expense, as a result. The firm also does not plan to issue any additional common stock or conduct any share repurchases. The firm’s tax rate is 40%. Any additional funds needed will be sourced through a line-of-credit (LOC) and surpluses will be paid out through a special dividend.

BALANCE SHEET AS OF 12/31/2015:

Using the percent-of-sales forecast approach, forecast the 2016 income statement and balance sheet. Be sure the balance sheet balances.

What are the Projected Regular Dividends for 2016?

What is the Projected Special Dividend (if any)?

What is the Projected LOC (if any)?

Assume that sales will grow at 5.00%. The following accounts (cash, accounts receivable, inventory, net fixed assets, accounts payable and accruals, as well as operating costs) are assumed to change with sales and will maintain their current percentage of sales rates into 2016. The dividend payout ratio will remain the same. Long-term debt and notes payable will remain constant into 2016 as will interest expense, as a result. The firm also does not plan to issue any additional common stock or conduct any share repurchases. The firm’s tax rate is 40%. Any additional funds needed will be sourced through a line-of-credit (LOC) and surpluses will be paid out through a special dividend.

BALANCE SHEET AS OF 12/31/2015:

Using the percent-of-sales forecast approach, forecast the 2016 income statement and balance sheet. Be sure the balance sheet balances.

What are the Projected Regular Dividends for 2016?

Mike is a homeowner. Jill runs a snowplowing business. Mike asks Jill to provide an estimate for

how much she would charge to snowplow Mike’s driveway. After Jill inspects Mike’s driveway,

the parties have the following email conversation on September 1, 2016:

Jill: “$50 each time I snowplow your driveway.”

Mike: “OK, sounds good. Please do so.”

Jill regularly snowplows Joe’s driveway during the 2016-17 season. In May 2017, Jill sends a bill

to Mike for all visits she made in the 2016-17 season, and Mike promptly pays that bill in full

without any other communication taking place between Jill and Mike.

• Jill regularly snowplows Mike’s driveway during the 2017-18 season and sends a bill for

those visits in May 2018. What are the rights and responsibilities of the parties under

contract law?

• Instead, assume that Jill does not come during the first major snowfall in 2017. Does Mike

have any contractual rights against

JILL?

  Explain fully.

• Ignore the previous bullets. Instead, assume Mike promptly pays the 2016-17 bill in full

without any other communication. On September 1, 2017, Jill raises her prices 20% for all

of her customers, and she notifies Mike of this fact. He does not respond. Jill regularly

snowplows Mike’s driveway during the 2017-18 season and in May 2018 sends Mike a bill

for those visits reflecting her increased prices. What are the right and responsibilities of

the parties under contract law.

Write the following java program:
Desc Output the name and time of the runner who came in first, as well as the name and time of
the runner who came in last in a marathon race (assuming there are no ties).
Input A text file named marathon.txt containing the name and time of each participant in the
following format (the file has at least 1 participant, name is just 1 word with no space, and name
and time are separated by tabs, blanks, and newlines):
John 2:40
Paul 3:20
Carl 2:10
Output The name and time of the runner who came in first, as well as the name and time of the
runner who came in last printed to the screen.

You must define a class called Runner. Here is the API of Runner:
A Runner object stores the name of a runner (String) and his raceTime (Time24).
Methods:
a. Usage: Runner()
Post: The Runner object initialized with name="unknown" and raceTime=0:0.
b. Usage: Runner (String s, Time24 t)
Post: The Runner object initialized with name=s and raceTime=t.
c. Usage: String getName()
Return: The name of the Runner object
d. Usage: Time24 getRaceTime()
Return: The raceTime of the Runner object.
e. Usage: void setName(String s)
Post: The Runner object's name set to s
f. Usage: void setRaceTime(Time24 t)
Post: The Runner object's raceTime set to t
g. Usage: void read(Scanner f)
Pre: f has a line in the following format ready to be read:

name hh:mm
where name is a String and hh, mm are integers. The token delimiters of f have
been set to white space characters and the colon by the caller.
Post: The line read in from f, the name and the time stored in the Runner object
h. Usage: int compareTo(Runner r)
Desc: Compare 2 Runner objects based on raceTime
Return: 1 if current object's raceTime > r's raceTime
0 if current object's raceTime == r's raceTime
-1 if current object's raceTime < r's raceTime

i. Usage: String toString()
Return: A String object in the form "name hh:mm"

Note:
 It is not necessary to save all the runners in an array or a vector (you only need to find the minimum
time and the maximum time).
Hand in:
 Marathon.java with 2 classes: Runner, and Marathon (use class Time24).

//Time24.java

import java.util.StringTokenizer;

import java.text.DecimalFormat;

/**

A data structure that stores integer values for hour (0..23) and minute (0..59) to represent the time of day in a 24-hour clock

*/

public class Time24

{

private int hour;

private int minute;

//Post: Sets the hour value in the range 0 to 23 and the minute value in the range 0 to 59

    private void normalizeTime()

    {

       int extraHours = minute / 60;

       minute %= 60;

       hour = (hour + extraHours) % 24;

    }

/**

Desc:Initializes this Time24 object

Post:hour and minute of this Time24 object both initialized to 0

*/

public Time24()

     {

         this(0,0); //calls the 2-argument constructor of class Time24

     }

/**

Desc:Initializes this Time24 object

Pre:h and m cannot be negative

Post:hour and minute of this Time24 object initialized to h and m

respectively. This operation will normalize the time if necessary (e.g.

9:75 is stored as 10:15).

Throw:IllegalArgumentException if h or m is negative

*/

public Time24(int h, int m)

    {

       setTime(h, m);

   }

/**

Desc:Sets the hour and minute of this Time24 object to a particular time

Pre:h and m cannot be negative

Post:hour and minute of this Time24 object set to h and m

respectively. This operation will normalize the time if necessary (e.g.

9:75 is stored as 10:15).

Throw:IllegalArgumentException if h or m is negative

*/

public void setTime(int h, int m)

    {

if (h < 0 || m < 0)

          throw new IllegalArgumentException("Time24.setTime: argument"

+ " must not be negative");

       this.hour = h;

      this.minute = m;

normalizeTime();

    }

/**

Desc:Adds minutes to this Time24 object

Pre:m cannot be negative

Post:This Time24 object set to m minutes later. This operation will

normalize the time if necessary (e.g. 9:75 is stored as 10:15).

Throw:IllegalArgumentException if m is negative

*/

public void addTime(int m)

    {

       if (m < 0)

          throw new IllegalArgumentException("Time24.addTime: argument"

+ " must not be negative");

       minute += m;

       normalizeTime();

    }

/**

Desc:Measures the interval from this Time24 object to another time

Return:The interval from this Time24 object to t as a Time24

*/

public Time24 interval(Time24 t)

    {

int currTime = hour * 60 + minute;

       int tTime = t.hour * 60 + t.minute;

if (tTime < currTime) tTime += 24 * 60;

return new Time24(0, tTime-currTime);

    }

/**

Desc:Gets the hour value of this Time24 object

Return:The hour value of this Time24 object

*/

public int getHour()

    {

return hour;

}

/**

Desc:Gets the minute value of this Time24 object

Return:The minute value of this Time24 object

*/

public int getMinute()

    {

return minute;

}

/**

Desc:Converts this Time24 object to a string

Return:This Time24 object as a String in the form "hh:mm"

*/

public String toString()

    {

DecimalFormat f = new DecimalFormat("00");

return hour + ":" + f.format(minute);

    }

/**

Desc:Convert a String to a Time24

Pre:s must be in the form "hh:mm" where hh and mm are positive integers

Return:A Time24 object that corresponds to s

*/

public static Time24 parseTime(String s)

    {

StringTokenizer t = new StringTokenizer(s, ":");

int h = Integer.parseInt(t.nextToken());

int m = Integer.parseInt(t.nextToken());

return new Time24(h, m);

}

}

Hint:
class Runner
{
private String name;
private Time24 raceTime;
public Runner()
{
name="unknown";
raceTime=new Time24(0,0);

}
public Runner(String s, Time24 t)
{
name=s;

raceTime=new Time24(t.getHour(), t.getMinute());

}
public String getName()
{

return name;
}
public Time24 getRaceTime()
{

return new Time24(raceTime.getHour(), raceTime.getMinute());
}
……
}
class Marathon
{
public static void main(String[] args) throws FileNotFoundException
{
…….
}
}

Create financial statements (FS) from the Adjusted Trial Balance (ATB)

1. Verbally name the FS’s created from the ATB

2. Verbally explain how the each FS’s are created from the ATB

3. For each of the FS’s,

a. Verbally list the major sections

b. Verbally name the accounts in each section

A. State three functions of the bacterial cytoskeleton.

B. Name and state the function of three organelles that are unique to bacteria. Now name three organelles unique to eukaryotic cells.

C. Describe the special organization of organelles and cytoskeleton that is only found in eukaryotic cells. How does this special organization affect eukaryotic cell physiology?

1. How would you effectively limit the use of social media? Name 4 effective ways.

2. Name four important ways social media may be used.

3. List four dangers of using social media.

4. What is your own comfort level with computers and social media?