24. What should you do when you have two records that represent the same entity, but both entries have been
used in transactions?
a. Merge the two records.
b. Delete the two records.
c. Merge the transactions that use the entity.
d. Delete the transactions that use the entity.
25. Which statement reflects a valid reason for issuing a vendor credit?
a. The vendor increases their bill.
b. The vendor reduces their prices.
c. The vendor owes the business for damages.
d. The vendor sent too much merchandise.
26. A customer advance payment occurs when
____________________________________________________________________.
a. a customer pays for merchandise after it is shipped and they are invoiced
b. a customer returns merchandise after they are invoiced
c. a customer pays for merchandise before it is shipped and they are invoiced
d. a customer cancels an order after the merchandise has been shipped
27. If you want to enter an order only one time to record sales and inventory, what form do you complete first?
a. Invoice
b. Bill
c. Purchase Order
d. Sales Order

Suppose US (N) and Mexico (S) both can produce soccer balls (SB) and footballs (FB). The unit labor requirements for soccer balls and footballs in the US and Mexico are: a N SB = 10; a N FB = 2; a S SB = 10; a S FB = 10

After trade, if the world relative price pW FB pW SB = 1, which product the US decides to produce? Why? Show full derivation in algebra.

Draw and show the gains from trade for the US using the PPF/CPF graph again. (Use the quanity of Football as the X-axis, draw and label PPF, before and after budget constraints, indifference curves, imports and exports)

After trade, if the US relaxed the immigration policy which increased its population to 150 workers. Which product the US decides to produce then? Does the new immigration policy affect the comparative advantage of the US? Please explain.

If the world relative price pW FB pW SB = 1, would Mexico be better off, worse off, or no change, compared with autarky. Why?

1. Lucky Buy Company’s stock has suffered due to several warranty-related lawsuits filed against the company. The company revamped their warranty program and introduced additional customer services to improve the customer experience. Yet, its stock price is only $13 per share. Management is planning a two-for-seven reverse stock split to increase the stock price and bring it closer to the average stock price in the industry. Assume that John Thornton, the last remaining co-founder of the firm, owns 420,000 shares. (7 points)

1.    How many shares will he own after the reverse stock split?
2. What is the anticipated price of the stock after the reverse stock split?
3.    Because investors often have a negative reaction to a reverse stock split, assume the stock only goes up to 85 percent of the value computed in part b. What will the stock’s price be?
4. How will the total value of John Thornton’s holdings change from before the reverse stock split to after the reverse stock split (based on the stock value computed in part c)?

Your company has earnings per share of $ 4.19. It has 1.2 million shares​ outstanding, each of which has a price of $ 42. You are thinking of buying​ TargetCo, which has earnings per share of $ 2.10​, 1.7 million shares​ outstanding, and a price per share of $ 26. You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction.

a. If you pay no premium to buy​ TargetCo, what will your earnings per share be after the​ merger?

b. Suppose you offer an exchange ratio such​ that, at current​ pre-announcement share prices for both​ firms, the offer represents a 25 %premium to buy TargetCo. What will your earnings per share be after the​ merger?

c. What explains the change in earnings per share in part​(a​)?

Are your shareholders any better or worse​ off?

d. What will your​ price-earnings ratio be after the merger​ (if you pay no​ premium)? How does this compare to your​ P/E ratio before the​ merger? How does this compare to​ TargetCo's premerger​ P/E ratio?

Santa Fe Retailing purchased merchandise “as is” (with no returns) from Mesa Wholesalers with credit terms of 3/10, n/60 and an invoice price of $24,900. The merchandise had cost Mesa $16,982. Assume that both buyer and seller use a perpetual inventory system and the gross method.

1. Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period.
2. Prepare entries that the seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash collection after the discount period.

Journal entry worksheet

Record Santa Fe Retailing purchased merchandise “as is” (with no returns) from Mesa Wholesalers with credit terms of 3/10, n/60 and an invoice price of $24,900.

Record the merchandise had cost Mesa $16,982.

Record cash received within discount period.

Record cash received after discount period.

Note: Enter debits before credits.

I need the answers.

Sandhill Co. has had 4 years of record earnings. Due to this success, the market price of its 455,000 shares of $4 par value common stock has increased from $14 per share to $54. During this period, paid-in capital remained the same at $5,460,000. Retained earnings increased from $4,095,000 to $27,300,000. CEO Don Ames is considering either (1) a 15% stock dividend or (2) a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on (a) retained earnings, (b) total stockholders’ equity, and (c) par value per share.

(a)

(b)

(c)

Assume that you will buy and operate a piece of equipment. The machine costs $25,000. You estimate that the equipment will generate $10,000 revenue, each year for six years. You also estimate that operating costs for the machine will be $4,500 each year for six years. These estimates are in constant 2019 dollars. The inflation rate for revenues is estimated to be 3.5%. The inflation rate for operating costs is estimated to be 5.0%.   You will depreciate the machine using the MACRS method, and the 5-year category. The marginal tax rate = 34%. The salvage value = 0.

1. Determine the after-tax cash flow, in actual $.
2. Determine the book value of the machine for each year
3. Determine the NPW of the actual-dollar, after-tax cash flow, if the MARR = 6%.

A 121-kg astronaut (including space suit) acquires a speed of 2.20 m/s by pushing off with her legs from a 1600-kg space capsule. Use the reference frame in which the capsule is at rest before the push. Part A: What is the velocity of the space capsule after the push in the reference frame? Express your answer to two significant figures and include the appropriate units. Enter positive value if the direction of the velocity is in the direction of the velocity of the astronaut and negative value if the direction of the velocity is in the direction opposite to the velocity of the astronaut. Part B: If the push lasts 0.600 s , what is the magnitude of the average force exerted by each on the other? Express your answer to three significant figures and include the appropriate units. Part C: What is the kinetic energy of the astronaut after the push in the reference frame? Express your answer to three significant figures and include the appropriate units. Part D What is the kinetic energy of the capsule after the push in the reference frame? Express your answer to two significant figures and include the appropriate units.

a. Construct a scatterplot of the data and tell why a linear regression model is appropriate. (Include this graph in your report.)   b. Run the linear regression procedure on StatCrunch and include the output in your report. c. Give the regression equation using the correct notation. d. Give the Coefficient of Determination AND interpret it.   e. Check the assumptions of the model by constructing each of the following plots and commenting on what they suggest in terms of the assumptions. (Include these graphs in your report.) 1. Fitted line plot 2. QQ-Plot of the residuals 3. Predicted values vs residuals


f. Test to see if the ‘before reading’ is useful in predicting the ‘after reading’. (Use ? = 0.05.) g. Instruct StatCrunch to save the 95% confidence intervals for the mean response. BUT DO NOT INCLUDE THE TABLE IN YOUR PROJECT. IT’S VERY BIG.   h. Use the table you created in part g to give the 95% confidence interval for the average ‘after reading’, when the ‘before reading’ is 60 bpm. i. Test to see if the ‘before reading’ and the ‘after reading’ are positively linearly correlated. (Use ? = 0.05.)

NOTE: Opinions may differ on whether or not the assumptions are met. For the sake of instruction, assume you can continue with the linear regression model to complete the project.

The Field, Brown & Snow partnership was begun with investments by the partners as follows: Field, $129,100; Brown, $167,700; and Snow, $154,600. The operations did not go well, and the partners eventually decided to liquidate the partnership, sharing all losses equally. On May 31, after all assets were converted to cash and all creditors were paid, only $46,100 in partnership cash remained.

QS 12-9 Part 2

2. Assume that any partner with a deficit agrees to pay cash to the partnership to cover the deficit. Present the journal entries on May 31 to record (a) the cash receipt from the deficient partner(s) and (b) the final disbursement of cash to the partners.

Record the receipt of cash from the deficient partner(s).

Note: Enter debits before credits.