Questions
Phillips Company bought 30 percent ownership in Jones Bag Company on January 1, 20X1, at underlying...

Phillips Company bought 30 percent ownership in Jones Bag Company on January 1, 20X1, at underlying book value. During the period of January 1, 20X1, through December 31, 20X3, the market value of Phillips' investment in Jones' stock increased by $1,500 each year. In 20X1, 20X2, and 20X3, Jones Bag reported the following:

Year Net Income Dividends
20X1 $ 22,000 $ 29,000
20X2 26,000 24,000
20X3 34,000 24,000


The balance in Phillips Company’s investment account on December 31, 20X3, was $71,000.

Required:
In each of the following independent cases, determine the amount that Phillips paid for its investment in Jones Bag stock assuming that Phillips accounted for its investment by carrying the investment at fair value, or using the equity method.
  

Fair value
Equity method

In: Accounting

Describe social bandwidth and share an experience you’ve had with this concept within your previous Need...

Describe social bandwidth and share an experience you’ve had with this concept within your previous

Need 300 words

In: Operations Management

The pKb values for the dibasic base B are pKb1 = 2.10 and pKb2 = 7.37....

The pKb values for the dibasic base B are pKb1 = 2.10 and pKb2 = 7.37. Calculate the pH at each of the following points in the titration of 50.0 mL of a 0.55 M B(aq) with 0.55 M HCl(aq).

(a) before addition of any HCl

(b) after addition of 25.0 mL of HCl

(c) after addition of 50.0 mL of HCl

(d) after addition of 75.0 mL of HCl

(e) after addition of 100.0 mL of HCl

In: Chemistry

Julius Caesar used one of the earliest known cipher systems to communicate with Cicero in Rome...

Julius Caesar used one of the earliest known cipher systems to communicate with Cicero in Rome while he was conquering Europe. Caesar knew that there was a very high risk of ambush or spies when sending messages; therefore, he developed a cryptographic system now known as the Caesar cipher.

Primary Task Response:

Please provide a detailed response to the below to include specific details and examples.

  • What is the Caesar ROT3 Cipher?
  • How does it work?
  • Although the Caesar cipher is easy to use, it is easy to crack. How would an attacker break a Caesar-style cipher?

In: Computer Science

Ben buys a 180-day $100 000 bank bill, 30 days after issue, for a price of...

Ben buys a 180-day $100 000 bank bill, 30 days after issue, for a price of $98 140.70 (the purchase yield is 4.61% p.a.). After holding the bill for 30 days Ben sells it at a yield of 4.56% p.a. (simple interest).

a. Construct a Cash flow diagram from Ben's perspective

b. Find the sale price.

c. Find Ben's simple interest yield p.a. (as a percentage, rounded to 2 decimal places) over the 30-day holding period.

d. Explain how Ben's yield calculated in b. would change (increase or decrease) if the sale yield was less than 4.56% p.a. Why would the yield change in this way?

e. When a bank bill is purchased and sold before maturity the dollar return consists of two components—a capital component and an interest component. State how to calculate the capital component.

f. Explain in your own words and with reference to the purchase yield and the sale yield when the capital component will be a gain and when it will be a loss.

g. Use your explanation in (f.) to determine whether the capital component of Ben's bank bill investment will be a gain or a loss. Note that you are not required to calculate the actual value of the capital component.

In: Finance

For the fall 2020 football season, how might MSU enhance the experience for a number of...

For the fall 2020 football season, how might MSU enhance the experience for a number of groups of fans by offering "multiple strategies"?

Michigan State University

In: Operations Management

Explain succinctly how to solve the following problem efficiently: Given two arrays, determine which elements appear...

Explain succinctly how to solve the following problem efficiently: Given two arrays, determine which elements appear in both arrays

In: Computer Science

Olsen Outfitters Inc. believes that its optimal capital structure consists of 70% common equity and 30%...

Olsen Outfitters Inc. believes that its optimal capital structure consists of 70% common equity and 30% debt, and its tax rate is 40%. Olsen must raise additional capital to fund its upcoming expansion. The firm will have $2 million of retained earnings with a cost of rs = 14%. New common stock in an amount up to $8 million would have a cost of re = 17%. Furthermore, Olsen can raise up to $2 million of debt at an interest rate of rd = 11% and an additional $5 million of debt at rd = 14%. The CFO estimates that a proposed expansion would require an investment of $4.6 million. What is the WACC for the last dollar raised to complete the expansion? Round your answer to two decimal places.

In: Finance

Iron-Bit is a manufacturer of industrial drill bits. The management is concerned about the adequacy of...

Iron-Bit is a manufacturer of industrial drill bits. The management is concerned about the adequacy of the firm’s working capital in funding daily operations.

a) The average collection period and average payment period are 35 days and 30 days respectively. The firm turns over its inventory 20 times each year (assume 365 days year), and currently has annual sales of $185 million.

(i) Calculate the firm’s operating cycle (OC) and cash conversion cycle (CCC), correct to 1 decimal place.

(ii) Determine the amount of resources needed to support the firm’s cash conversion cycle.

b) Iron-Bit purchases 2 million units per year of a component used in drill bits production. The cost per order is $55, while the carry cost is $6 per unit per year.

(i) Calculate the economic order quantity.

(ii) Using your answer in (i), calculate the ordering cost, carrying cost and total inventory cost.

c) Suppose Iron-Bit operates a 250 days per year, and maintains a minimum inventory level of 1500 units of safety stock. If the lead time to receive orders of the component is 3 days, calculate the reorder point.

In: Accounting

You have 625 mL of an 0.23 M acetic acid solution. What volume (V) of 2.10...

You have 625 mL of an 0.23 M acetic acid solution. What volume (V) of 2.10 M NaOH solution must you add in order to prepare an acetate buffer of pH = 5.03? (The pKa of acetic acid is 4.76.)

In: Chemistry

A change in behavior or belief to accord with others is called obedience conformity acceptance complianc

A change in behavior or belief to accord with others is called obedience conformity acceptance complianc

In: Psychology

Search for information about the Rana Plaza collapse in Bangladesh (2013)!•What happened and who is responsible...

Search for information about the Rana Plaza collapse in Bangladesh (2013)!•What happened and who is responsible for Rana Plaza collapse in Bangladesh?•How did it impact the companies whose garments the factory manufactured and how did it affect Bangladesh´s economy? Can companies in your opinion outsource responsibility for workers in its supply chain?

In: Operations Management

1. Suppose the data for a hypothetical economy is given above. This economy produces only 3...

1. Suppose the data for a hypothetical economy is given above. This economy produces only 3 things, pizzas, haircuts and tanks. The base year is 2019.

Quantity of pizzas

Quantity of haircuts

Quantity of tanks

Price of pizzas

Price of haircuts

Price of tanks

2019

100

20

10

$10

$15

$150

2020

120

30

12

$10

$16

$120

  1. Calculate GDP deflator in 2020. Based on GDP deflator, what is the inflation rate from 2019 to 2020?
  2. Suppose a representative consumer basket consists of 10 pizzas and 20 haircuts. Using this consumer basket, calculate CPI in 2020 (again, assuming 2019 is the base year). Based on CPI, what is inflation rate?
  3. Why do you think there is such a dramatic difference in the inflation rates from parts a and b?

In: Economics

The following items were in transit to or from Power Corp. on December 31, 2009 Goods...

The following items were in transit to or from Power Corp. on December 31, 2009

Goods costing $4000 were sent FOB shipping point from Power Corp. to a customer

Goods costing $2580 were sent FOB destination to Power Corp. from a vendor

Goods costing $2960 were sent FOB destination from Power Corp. to a customer

Goods costing $1957 were sent FOB shipping point to Power Corp. from a vendor.

a) Which of these items should Power Corp. include in its December 31, 2009 inventory?

b) Explain the rationale for either including or excluding the items.

In: Accounting

Suppose that you are asked to equip a desktop with a wireless NIC. Which type of...

Suppose that you are asked to equip a desktop with a wireless NIC. Which type of wireless network adapter would you want to purchase? Using the Internet, research different types of wireless client adapters for a desktop. Create a table or chart that shows the advantages and disadvantages of each type all along with the cost from at least three different online vendors. Which would you choose for a desktop? Why?

In: Computer Science