Questions
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...

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...

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...

  1. 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...

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...

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...

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?

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...

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...

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

  1. (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.

  2. (60%) Your program must contain at least the following functions :

    1. A function to read and store data into two arrays,

    2. A function to calculate the average test score and letter grade,

    3. A function to sort all the arrays by student name, and

    4. A function to output all the results (i.e. sorted list of students and their corresponding grades)  

    5. 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,...

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:

  • 589/16 is 36 with a remainder of 13 - 13 in hexadecimal is 'D' - this is h0
  • 36/16 is 2 with a remainder of 4 - 4 in hexadecimal is '4' - this is h1
  • 2/16 is 0 with a remainder of 2 - 2 in hexadecimal is '2' - this is h2

So 589 in decimal is 24D in hexadecimal.

Your program should include the following functions:

  • decToHex(dec_value) - returns the hexadecimal equivalent of dec_value (as a string)
  • getHexChar(dec_digit) - returns the hexadecimal digit for dec_digit (note that 10 in decimal is 'A' in hex, 11 in decimal is 'B', etc)

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...

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...

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...

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...

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...

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