Simon Company’s year-end balance sheets follow.
| At December 31 | Current Yr | 1 Yr Ago | 2 Yrs Ago | ||||||
| Assets | |||||||||
| Cash | $ | 31,200 | $ | 34,800 | $ | 37,400 | |||
| Accounts receivable, net | 89,400 | 62,100 | 57,500 | ||||||
| Merchandise inventory | 50,220 | 82,300 | 50,000 | ||||||
| Prepaid expenses | 10,260 | 9,166 | 3,444 | ||||||
| Plant assets, net |
358,920 |
261,634 | 161,656 | ||||||
| Total assets | $ | 540,000 | $ | 450,000 | $ | 310,000 | |||
| Liabilities and Equity | |||||||||
| Accounts payable | $ | 134,460 | $ | 75,289 | $ | 39,692 | |||
| Long-term notes payable secured by mortgages on plant assets |
101,520 | 104,535 | 67,140 | ||||||
| Common stock, $10 par value | 162,500 | 162,500 | 162,500 | ||||||
| Retained earnings | 141,520 | 107,676 | 40,668 | ||||||
| Total liabilities and equity | $ | 540,000 | $ | 450,000 | $ | 310,000 | |||
The company’s income statements for the Current Year and 1 Year
Ago, follow.
| For Year Ended December 31 | Current Yr | 1 Yr Ago | ||||||||||
| Sales | $ | 702,000 | $ | 535,500 | ||||||||
| Cost of goods sold | $ | 428,220 | $ | 348,075 | ||||||||
| Other operating expenses | 217,620 | 135,482 | ||||||||||
| Interest expense | 11,934 | 12,317 | ||||||||||
| Income tax expense | 9,126 | 8,033 | ||||||||||
| Total costs and expenses | 666,900 | 503,907 | ||||||||||
| Net income | $ | 35,100 | $ | 31,593 | ||||||||
| Earnings per share | $ | 2.16 | $ | 1.94 | ||||||||
Additional information about the company follows.
| Common stock market price, December 31, Current Year | $ | 32.00 |
| Common stock market price, December 31, 1 Year Ago | 30.00 | |
| Annual cash dividends per share in Current Year | 0.32 | |
| Annual cash dividends per share 1 Year Ago | 0.16 | |
For both the Current Year and 1 Year Ago, compute the following
ratios:
1. Return on common stockholders' equity.
2. Price-earnings ratio on December 31.
2a. Assuming Simon's competitor has a
price-earnings ratio of 8, which company has higher market
expectations for future growth?
3. Dividend yield.
In: Accounting
Nguyen, Tran and Le are partners sharing profits and losses equally and with capital balances of $225, $675 and $450 respectively. Before Tran leaves the partnership the assets are revalued. An independent valuer assesses the equipment to be worth $12 less than the carrying amount (book value), and property $147 more than the carrying amount.
a) Prepare the journal entries to record the revaluation of property and equipment.
b) Prepare the journal entries to record the revaluation of property and equipment if the partnership agreement specifies profits and losses are allocated on the basis of the capital balances.
c) Prepare the journal entries to record the retirement of Tran (after revaluation and profits and losses are allocated on the basis of capital balances as in (b) above) if she is allowed to take $842.50 in cash (record to the nearest cent)
In: Accounting
Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets
The budget director of Royal Furniture Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for February is summarized as follows:
a. Estimated sales of King and Prince chairs for February by sales territory:
| Northern Domestic: | |
| King | 610 units at $780 per unit |
| Prince | 750 units at $550 per unit |
| Southern Domestic: | |
| King | 340 units at $780 per unit |
| Prince | 440 units at $550 per unit |
| International: | |
| King | 360 units at $850 per unit |
| Prince | 290 units at $600 per unit |
b. Estimated inventories at February 1:
| Direct materials: | |
| Fabric | 420 sq. yds. |
| Wood | 580 linear ft. |
| Filler | 250 cu. ft. |
| Springs | 660 units |
| Finished products: | |
| King | 90 units |
| Prince | 25 units |
c. Desired inventories at February 28:
| Direct materials: | |
| Fabric | 390 sq. yds. |
| Wood | 650 linear ft. |
| Filler | 300 cu. ft. |
| Springs | 540 units |
| Finished products: | |
| King | 80 units |
| Prince | 35 units |
d. Direct materials used in production:
| In manufacture of King: | |
| Fabric | 6.0 sq. yds. per unit of product |
| Wood | 38 linear ft. per unit of product |
| Filler | 4.2 cu. ft. per unit of product |
| Springs | 16 units per unit of product |
| In manufacture of Prince: | |
| Fabric | 4.0 sq. yds. per unit of product |
| Wood | 26 linear ft. per unit of product |
| Filler | 3.4 cu. ft. per unit of product |
| Springs | 12 units per unit of product |
e. Anticipated purchase price for direct materials:
| Fabric | $12.00 | per sq. yd. |
| Wood | 7.00 | per linear ft. |
| Filler | $3.00 | per cu. ft. |
| Springs | 4.50 | per unit |
f. Direct labor requirements:
| King: | |
| Framing Department | 1.2 hrs. at $12 per hr. |
| Cutting Department | 0.5 hr. at $14 per hr. |
| Upholstery Department | 0.8 hr. at $15 per hr. |
| Prince: | |
| Framing Department | 1.0 hr. at $12 per hr. |
| Cutting Department | 0.4 hr. at $14 per hr. |
| Upholstery Department | 0.6 hr. at $15 per hr. |
Required:
1. Prepare a sales budget for February.
| Royal Furniture Company Sales Budget For the Month Ending February 28 |
||||
|---|---|---|---|---|
| Product and Area | Unit Sales Volume |
Unit Selling Price |
Total Sales | |
| King: | ||||
| Northern Domestic | ||||
| Southern Domestic | ||||
| International | ||||
| Total | ||||
| Prince: | ||||
| Northern Domestic | ||||
| Southern Domestic | ||||
| International | ||||
| Total | ||||
| Total revenue from sales | ||||
2. Prepare a production budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
| Royal Furniture Company Production Budget For the Month Ending February 28 |
||
|---|---|---|
| Units | ||
| King | Prince | |
3. Prepare a direct materials purchases budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
| Royal Furniture Company Direct Materials Purchases Budget For the Month Ending February 28 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| Direct Materials | |||||||||
| Fabric (sq. yds.) |
Wood (linear ft.) |
Filler (cu. ft.) |
Springs (units) |
Total | |||||
| Required units for production: | |||||||||
| King | |||||||||
| Prince | |||||||||
| Desired inventory, February 28 | |||||||||
| Total | |||||||||
| Estimated inventory, February 1 | |||||||||
| Total units to be purchased | |||||||||
| Unit price | |||||||||
| Total direct materials to be purchased | |||||||||
4. Prepare a direct labor cost budget for February.
| Royal Furniture Company Direct Labor Cost Budget For the Month Ending February 28 |
||||||||
|---|---|---|---|---|---|---|---|---|
| Framing Department |
Cutting Department |
Upholstery Department |
Total | |||||
| Hours required for production: | ||||||||
| King | ||||||||
| Prince | ||||||||
| Total | ||||||||
| Hourly rate | ||||||||
| Total direct labor cost | ||||||||
Check My Work
In: Accounting
A JavaFX question
a method called generate2Num(Pane, pane){};
A botton "botton1" that botton.setOnAction(e-> {}); calling generate2Num method and show the numbers on Scene.
Every time the user clicks botton1, the updated number will show on the Scene.
I just wanna know how can I update my data by click the button.
Please show the code , thank you
In: Computer Science
Shelly's Boutiques and Crafts had revenue of $5,700,000 this year on sales of 575,000 units. Variable costs were 35% and fixed costs totaled $3,150,000. Although the first five years were relatively profitable, increases in competition have led to a negative trend in profitability that has led them to the point where they have to make some changes to stay afloat. The company is evaluating two options to stay afloat.
Option 1:Purchase machinery to automate their operations. This machinery costs $625,000, but will decrease variable costs by 9%.
Option 2:Outsource the production of one of their main components that requires a substantial amount of machinery and skilled labor. This will reduce fixed costs by $425,000, but increases variable costs from their current 35% of sales to 40% of sales.
c.) Calculate the operating leverage before applying any of the options: What is the contribution margin in Total? What is the operating income in total? What is the operating leverage factor?
In: Accounting
The School District of Philadelphia wants to encourage teachers to fill out an “end-of-year” survey designed to elicit their feedback about various issues affecting schools. The survey is one of the primary channels through which the school district learns about what is happening in schools across the city, and increasing engagement is a key policy priority for the city. The School District has already created the survey and plans to send out the survey in an email to its 8,062 teachers. The District is willing to manipulate the messaging content in the email that will be sent out and/or provide rewards and incentives for survey completion. (They have up to $3,000 to spend.) Using your knowledge of behavioral economics, what would you suggest they do to maximize survey response rates? Be as specific as possible and justify your choices.
In: Economics
Explain how globalization process can alleviate poverty form the stand point of Aid?
In: Economics
A multinational firm wants to estimate the average number of hours in a month that their employees spend on social media while on the job. A random sample of 83 employees showed that they spent an average of 21.5 hours per month on social media, with a standard deviation of 2.5. Construct and interpret a 95% confidence interval for the population mean hours spent on social media per month.
In: Math
Write a program to sort the student’s names (ascending order), calculate students’ average test scores and letter grades (Use the 10 point grading scale). In addition, count the number of students receiving a particular letter grade. You may assume the following input file data :
Johnson 85 83 77 91 76
Aniston 80 90 95 93 48
Cooper 78 81 11 90 48
Gupta 92 83 30 69 87
Muhammed 23 45 96 38 59
Clark 60 85 45 39 67
Patel 77 31 52 74 83
Abara 93 94 89 77 97
Abebe 79 85 28 93 82
Abioye 85 72 49 75 63
(40%) Use four arrays: a one-dimensional array to store the students’ names, a (parallel) two dimensional array to store the test scores, a one-dimensional array to store the student’s average test scores and a one-dimensional array to store the student’s letter grades.
(60%) Your program must contain at least the following functions :
A function to read and store data into two arrays,
A function to calculate the average test score and letter grade,
A function to sort all the arrays by student name, and
A function to output all the results (i.e. sorted list of students and their corresponding grades)
Have your program also output the count of the number of students receiving a particular letter grade.
NOTE : No non-constant global variables are to be used. You can name the arrays and functions anything you like. You can use the operator >= to sort the strings.
In C++
In: Computer Science
The hexademical number system uses base 16 with digits 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, A, B, C, D, E, F. Hexadecimal is often used in computer systems programming. Write a Python program, in a file called convertHex.py, to request a decimal number from the user and output the hexadecimal value. To compute the hexadecimal value we have to find the hexadecimal digits hn, hn-1, hn-2, ..., h2, h1, and h0, such that
d = hn x 16n + hn-1 x 16n-1 + hn-2 x 16n-2 + ... + h2 x 162 + h1 x 161 + h0 x 160
These hexadecimal digits can be found by successively dividing d by 16 until the quotient is 0; the remainders are h0, h1, ..., hn-1, hn.
For example, if d=589:
So 589 in decimal is 24D in hexadecimal.
Your program should include the following functions:
Sample output:
Enter decimal value: 589 589 is equal to 24D in hexadecimal
In: Computer Science
On Apollo Moon missions, the lunar module would blast off from the Moon's surface and dock with the command module in lunar orbit. After docking, the lunar module would be jettisoned and allowed to crash back onto the lunar surface. Seismometers placed on the Moon's surface by the astronauts would then pick up the resulting seismic waves.
Find the impact speed of the lunar module, given that it is jettisoned from an orbit 170 km above the lunar surface moving with a speed of 1550 m/s
Thanks!
In: Physics
WEEK 3 DISCUSSION# 4
ANSWER THE FOLLOWING :
1: Fully explain how to use one of the threat modeling tools
2: What are the benefits or issues with Microsoft’s Threat Modeling process and tool?
In: Computer Science
Patrick Ntini holds 500 shares in Aloes Processing Co. The firm has 50 000 shares outstanding and R100 000 earnings available to common shareholders. Shares are currently selling at R25 per share. The firm decides to retain earnings and rather issue a 10% share dividend.
Based on the above, answer the following questions:
1.1 Determine the current EPS value. (3)
1.2 What proportion of the firm does Patrick currently hold? (3)
1.3 What proportion of the firm will Patrick hold after the share dividend? (4)
1.4 At what market price should the stock sell after the share dividend? (5) 1.5 Discuss how Patrick is affected by the share dividend (5)
In: Accounting
Consider the titration of a 38.0mL sample of 0.170M HBr with 0.205M KOH. Determine each of the following:
Part A: the initial pH
Part B: the volume of added base required to reach the equivalence point
Part C: the pH at 11.0mL of added base
Part D: the pH at the equivalence point
Part E: the pH after adding 5.0 mL of base beyond the equivalence point
In: Chemistry
C++Design and implement a program (name it LinearBinarySearch) to implement and test the linear and binary search algorithm discussed in the lecture slides. Define method LinearSearch() to implement linear search of an array of integers. Modify the algorithm implementation to count number of comparisons it takes to find a target value (if exist) in the array. Define method BinarySearch() to implement binary search of an array of integers. Modify the algorithm implementation to count number of comparisons it takes to find a target value (if exist) in the array. Now, develop a test method to read integer values from the user in to an array and then call methods LinearSearch() and BinarySearch() and printout the number of comparison took to find the target values using each search method. Document your code and organized your outputs as follows: Arrays Values: Target value: Linear Search Comparisons: Binary Search Comparisons:
In: Computer Science