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 4Issued 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
|
In: Accounting
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 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.
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 $87.80 per barrel.
5. If no cross hedging was necessary (i.e. no asset mismatch, hence the optimal hedge ratio would be 1), assuming that there was a JET OIL FUTURES, what would have been the number of contracts to enter? And what would have been the effective price per barrel and the total effective price paid on Oct. 10?
6. If it was a perfect hedge (no timing mismatch or asset mismatch at all), what would have been the effective price per barrel and the total effective price?
In: Finance
The comparative balance sheets for 2018 and 2017 and the
statement of income for 2018 are given below for Dux Company.
Additional information from Dux's accounting records is provided
also.
|
DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ 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 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 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 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. 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
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