Questions
Belo Corporation is authorized to issue 900,000 shares of $10 par value common stock, and 200,000...

Belo Corporation is authorized to issue 900,000 shares of $10 par value common stock, and 200,000 shares of 9%, $100 par value preferred stock. On January 1, 2018, the second year of operations, the retained earnings balance was $80,000. During 2018, the company had the following stock transactions.

Jan. 7 ​Issued 150,000 shares of common stock at $15 per share.

May. 5 ​Attorneys for the company accepted 250 shares of common stock as payment for legal services rendered. The legal services are estimated to have a value of $4000

June 1   Issued 10,000 share of preferred a stock at $150 per share.

July 4​Issued 20,000 shares of common stock in exchange for a building. The building was advertised for $200,000. Basil’s Corporation's common stock has been actively traded on the stock exchange at $20 per share at the time of the exchange.

Sept. 1 ​Purchased 10,000 shares of common stock for the treasury at $20 per share.

Oct. 2 ​Sold 4,000 shares of the treasury stock at $21 per share.

Dec. 20 ​Sold 4,000 shares of the treasury stock at $12 per share.

Required: Journalize the 2018 transactions for Basil’s Corporation.

In: Accounting

1. For each description, choose the term it best matches: Retractable preferred shares; CumulativeInitial public offering;...

1. For each description, choose the term it best matches: Retractable preferred shares; CumulativeInitial public offering; Redeemable preferred shares; Secondary marketRetained earnings; Issued shares; ConvertibleLegal capital; Liquidation preference; Authorized shares; Public corporation.

a. Preferred shares that give the shareholder the right to redeem shares at their option

b.The type of corporation whose shares are traded in an organized securities market, such as the Toronto Stock Exchange

c.Preferred shares that give the issuing corporation the right to repurchase the shares at a specified price and date

d.The maximum number of shares a corporation is allowed to sell

e.The number of shares a corporation has actually sold

f.The first time a corporation's shares are offered to the public

g.Where investors buy and sell shares from each other, rather than from the company

h.The element of shareholders' equity that is increased by profit and decreased by losses

i.A preference to get money back before common shareholders if the company is bankrupt

j.The share capital that must be retained in the business for the protection of corporate creditors

k.A feature that allows preferred shareholders to exchange their shares for common shares

l. A preference to collect unpaid dividends on preferred shares before common shareholders can receive a dividend

In: Accounting

a) For the following polynomial; a. Use the Rational Zero Test to list all possible rational...

a) For the following polynomial; a. Use the Rational Zero Test to list all possible rational roots b. Use Descartes Rule of Signs to provide the possible numbers of positive and negative real roots c. Factor the polynomial completely. ? 3 + 4? 2 + 9? + 36

b) For the following polynomial; d. Use the Rational Zero Test to list all possible rational roots e. Use Descartes Rule of Signs to provide the possible numbers of positive and negative real roots f. Factor the polynomial completely. ? 4 + 3? 3 − 7? 2 − 27? − 18

In: Math

Use the following information: Today is June 8th The company knows that it will need 20,000...

Use the following information:

Today is June 8th

The company knows that it will need 20,000 barrels of jet oil oil at some time in October or November.

Heating oil futures contracts are currently traded for delivery every month on the exchange

Each contract size is 1,000 barrels.

  • the standard deviation of monthly changes in the price of a jet oil is 0.55,
  • the standard deviation of monthly changes in the futures prices of a heating oil is 0.71,
  • and the coefficient correlation between the two changes is 0.85
  • Futures price on June 8 is $85.00 per barrel.

Later, the company finds that it is ready to purchase the jet oil on October 10

Spot price (of jet fuel) and futures price (on heating oil) on Oct. 10 are $89.00 per barrel and $87.80 per barrel.

  1. What is the optimal hedge ratio and what is the optimal number of contracts?
  2. Should the company take LONG or SHORT?
  3. Which delivery month?
  4. With asset mismatch and timing mismatch, what is the total effective price paid? And what is the effective price the company paid per barrel?

5. If no cross hedging was necessary (i.e. no asset mismatch, hence the optimal hedge ratio would be 1), assuming that there was a JET OIL FUTURES, what would have been the number of contracts to enter? And what would have been the effective price per barrel and the total effective price paid on Oct. 10?

6. If it was a perfect hedge (no timing mismatch or asset mismatch at all), what would have been the effective price per barrel and the total effective price?

In: Finance

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are...

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also.

DUX COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)
2018 2017
Assets
Cash $ 107 $ 47
Accounts receivable 51 69
Less: Allowance for uncollectible accounts (6 ) (5 )
Dividends receivable 4 3
Inventory 85 80
Long-term investment 51 44
Land 85 70
Buildings and equipment 195 210
Less: Accumulated depreciation (44 ) (80 )
$ 528 $ 438
Liabilities
Accounts payable $ 40 $ 59
Salaries payable 3 6
Interest payable 9 3
Income tax payable 9 10
Notes payable 15 0
Bonds payable 80 55
Less: Discount on bonds (2 ) (3 )
Shareholders' Equity
Common stock 210 200
Paid-in capital—excess of par 24 20
Retained earnings 152 88
Less: Treasury stock (at cost) (12 ) 0
$ 528 $ 438
DUX COMPANY
Income Statement
For the Year Ended December 31, 2018
($ in 000s)
Revenues
Sales revenue $ 370
Dividend revenue 4 $ 374
Expenses
Cost of goods sold 205
Salaries expense 32
Depreciation expense 6
Bad debt expense 1
Interest expense 9
Loss on sale of building 2
Income tax expense 29 284
Net income $ 90


Additional information from the accounting records:

A building that originally cost $56,000, and which was three-fourths depreciated, was sold for $12,000.

The common stock of Byrd Corporation was purchased for $7,000 as a long-term investment.

Property was acquired by issuing a 15%, seven-year, $15,000 note payable to the seller.

New equipment was purchased for $41,000 cash.

On January 1, 2018, bonds were sold at their $25,000 face value.

On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time.

Cash dividends of $12,000 were paid to shareholders.

On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $12,000.


Required:
Prepare the statement of cash flows of Dux Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)

In: Accounting

Infocomp Systems Lab is a research and development (R&D) company that develops computer systems and software...

Infocomp Systems Lab is a research and development (R&D) company that develops computer systems and software primarily for the medical industry. The lab has proposals from its own researchers for eight new projects. Each of the proposed research projects requires limited resources, and it is not possible to undertake all of them. The following table shows the developmental budget, the number of researchers, and the expected annual sales from each project if successfully developed and implemented:

Project

Developmental Budget ($1,000,000s)

Number of Research Personnel

Expected Annual

Sales ($1,000,0005)

1

$0.675

6

$0.82

2

1.050

5

1.75

3

0.725

7

1.60

4

0.430

8

1.90

5

1.240

10

0.93

6

0.890

6

1.70

7

1.620

7

1.30

8

1.200

6

1.80

The lab has developed the following set of prioritized goals for selecting which projects to initiate:

(1) The company would like to remain within a total developmental budget of $5,000,000.

(2) The number of available research personnel is 27, and Infocomp would like to avoid obtaining extra researchers.

(3) The company would like the expected future annual sales from the implemented projects to be at least $6,500,000.

(4) Projects 1, 3, 4, and 6 are considered offensive in that they represent new product initiatives, while projects 2, 5, 7, and 8 are existing product upgrades and thus defensive in nature. The lab would like to select at least two projects from each group.

(5) Projects 2, 3, 5, 6, and 7 are considered the most risky of the projects, and the company would prefer not to select any more than three of these projects.

(6) The lab’s owner has indicated that she would like to see projects 5 and 6 initiated if doing so would not interfere with the achievement of any of the more important goals determined by the lab’s top management.

a. Formulate a goal programming model to determine which projects Infocomp Systems Lab should select to best achieve its goals.

No need to solve in excel. Looking for Decision variables, objective function and constraints.

In: Operations Management

{Exercise 3.37 (Algorithmic)} Consider a sample with a mean of 60 and a standard deviation of...

{Exercise 3.37 (Algorithmic)} Consider a sample with a mean of 60 and a standard deviation of 6. Use Chebyshev's theorem to determine the percentage of the data within each of the following ranges (to the nearest whole number). 50 to 70, at least % 35 to 85, at least % 52 to 68, at least % 46 to 74, at least % 43 to 77, at least %

In: Statistics and Probability

Does anyone have the answers or a guide to a case study on i-human for David...

Does anyone have the answers or a guide to a case study on i-human for David Douglas? He is a 74 y/o patient, 6' 0" (183 cm), and 165.0 lb (75.0 kg). His admission diagnosis is "Day 1 Rehab for left total hip arthroplasty, post-op day 5"

In: Nursing

Ask the user for a filename. In binary format, read all the integers in that file....

Ask the user for a filename. In binary format, read all the integers in that file. Show the number of integers you read in, along with the maximum and minimum integer found. Language is Java.

/////////////input/////////

n1.dat

////////// output//////////

Enter a filename\n
Found 50 integers.\n
Max: 9944\n
Min: 74\n

In: Computer Science

1. Sales revenue would appear on Select one: a. Income Statement b. Statement of Retained Earnings...

1.

Sales revenue would appear on

Select one:

a. Income Statement

b. Statement of Retained Earnings

c. Balance Sheet Statement

d. Statement of Cash Flows

2.

The entry to record $1,500 credit sales would be:

Select one:

a. Cash                                  1,500
              Sales Revenue                                   1,500

b. Accounts Receivable            1,500
               Sales Revenue                                 1,500

c. Sales Revenue                     1,500
                Accounts Receivable                         1,500

d. Cash                                  1,500
                Accounts Receivable                          1,500

3.

The entry to record a payment of $900 accounts payable would be:

Select one:

a. Cash                                           900
                 Accounts Payable                              900

b. Dividends                                   900
                 Cash                                                 900

c. Accounts Payable                       900
                 Cash                                                 900

d. Accounts Payable                       900
                  Retained Earnings                           900

In: Accounting