An underwriting firm such as Morgan Stanley or Goldman Sachs serves as the quarterback in an initial public offering (IPO). Its functions include providing advice to the issuing company (the issuer), underwriting the issue, and marketing the issue. Explain what those functions entail and, if you were the CFO of the issuing company, how you would assess the performance of the underwriting firm in carrying out its job?
In: Finance
Laker Company reported the following January purchases and sales data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | |||||||||||||||
| Jan. | 1 | Beginning inventory | 185 | units | @ | $ | 11.00 | = | $ | 2,035 | ||||||||
| Jan. | 10 | Sales | 145 | units | @ | $ | 20.00 | |||||||||||
| Jan. | 20 | Purchase | 100 | units | @ | $ | 10.00 | = | 1,000 | |||||||||
| Jan. | 25 | Sales | 125 | units | @ | $ | 20.00 | |||||||||||
| Jan. | 30 | Purchase | 270 | units | @ | $ | 9.50 | = | 2,565 | |||||||||
| Totals | 555 | units | $ | 5,600 | 270 | units | ||||||||||||
The Company uses a perpetual inventory system. For specific
identification, ending inventory consists of 285 units, where 270
are from the January 30 purchase, 5 are from the January 20
purchase, and 10 are from beginning inventory.
Required:
1. Complete comparative income statements for the month of
January for Laker Company for the four inventory methods. Assume
expenses are $1,700, and that the applicable income tax rate is
40%. (Round your Intermediate calculations to 2 decimal
places.)
In: Accounting
You have been asked to assess the organisation’s compliance with statutory requirements. This is outside of your scope of operation. The requirements are that you examine current policies and practice, assess compliance and make recommendations for improvement. With whom might you consult and what information/ assistance might you need? 60–100 words
(Please note: Australian Tax)
In: Accounting
Search online to find an incident of cybercrime (not included in the readings) or create one yourself. Please describe the event and explain which theory from the week’s readings can be used to explain the cybercrime. Why do you think so? Write a 1 to 2 page paper answering these questions. Choose a cybercrime with a real-world example of a cybercrime and use either the routine activities or rational choice theory to examine the facts of the crime.
In: Computer Science
Convert a moment expressed in one of the vector notations to the others
I just need an exemple
In: Civil Engineering
Consider the following substitution block cipher:
Plain-text
000 110
001 100
010 111
011 001
100 101
101 000
110 010
111 011
Cipher-text
[10]
Compute the cipher-text belonging to plaintext 001 110 000 101 110 (using a block size of 3 bits) for the Electronic Code Book (ECB) mode and Cipher Block Chaining (CBC) mode taking IV = 111. Show the intermediate steps.
In: Computer Science
Its an excel problem. Screenshots and actual work in excel is appreciated.
Suppose a company is about to start the following project, where all the dollar figures are in thousands of dollars. In year 0, the project requires a fixed cost of $12,000. The fixed costs is depreciated on the straight-line basis over five years, and there is a salvage value of $1,500 in year 5. The sales generated in years 1-5 are estimated to be 2,500 units, 3,200 units, 5,100 units, 3,400 units and 1,200 units. The costs of capital in year 1 is forecast to be 8.5% and decreases linearly by 0.2% for years 2 to 5, ending with 7.7% in year 5. The tax rate is forecast to be a constant 35.0%. Sales revenue per unit is forecast to be $8.50. Variable cost per unit is forecast to be $6.30. What is the project NPV? Develop your financial spreadsheet model with frozen panes for detailed calculations and name the worksheet “Project NPV”.
In: Finance
partial income statements for Sherwood company summarized for a four year period show the following
2015 2016 2017 2018
net sales 2,200.000 2,600.000 2,700.000 3,200.000
cost of goods sold 1,496.000 1,742.000 1,863.000 2,176.000
gross profit 704.000 858.000 837.000 1,024.000
an audit reveled that in determining these amounts, the ending inventory for 2016 was overstated by $22,000. the inventory balance on December 31, 2017. was accurately stated. the company uses a periodic inventory system
1\ restate the partial income statements to reflect the correct amounts after fixing the inventory error
2\ compute the gross profit percentage for each year (a) before the correction and (b) after the correction
2.a\ does the pattern of gross profit percentage lend confidence to your corrected amount
In: Accounting
In: Chemistry
On June 28, 1997, in Las Vegas, Nevada, heavyweight boxers Mike Tyson and Evander Holyfield met for what was to be a night to remember. During the third round of the fight, a desperate Tyson bit off a piece of Holyfield’s ear. The fight continued until moments later when Tyson bit Holyfield’s other ear.1 Tyson was disqualified, and numerous fans were unhappy with the outcome. Some fans were so outraged they decided to sue Tyson, the fight promoters, and the telecasters, seeking a refund.2 The fans sued on the basis of, among other theories, a claim to being third-party beneficiaries to various contracts into which the defendants had entered.
2. If you were one of the fight promoters, what sorts of contractual duties would you have to the viewers?
In: Operations Management
Precision Construction entered into the following transactions during a recent year.
| January | 2 | Purchased a bulldozer for $266,000 by paying $28,000 cash and signing a $238,000 note due in five years. | ||
| January | 3 | Replaced the steel tracks on the bulldozer at a cost of $28,000, purchased on account. The new steel tracks increase the bulldozer's operating efficiency. | ||
| January | 30 | Wrote a check for the amount owed on account for the work completed on January 3. | ||
| February | 1 | Repaired the leather seat on the bulldozer and wrote a check for the full $1,600 cost. | ||
| March | 1 | Paid $8,400 cash for the rights to use computer software for a two-year period. |
Required:
1-a. Complete the table below, for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)
1-b. Prepare the journal entries for each of the above transactions.
2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $48,000 residual value.
3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2.
In: Accounting
Compare and contrast the approaches of Smith, Ricardo, Marx, Veblen, and Schumpeter to an understanding of “the machine” or capital and its development? How does their approach to the machine support their view of economic society, specifically class structure?
In: Economics
How can you determine which compound is a stronger acid/base if neither compound is a strong acid or a strong base? Chapter 16, question 45 c. in chemistry a molecular approach textbook
In: Chemistry
Discuss the real–world applications where probabilities are used. (Ex. Stock market trading; Medical treatment plans; etc.)
In: Math
Using Python 3
Write a program that reads the 4letterwords.txt file and outputs a file called 4letterwords.out that has every word found in 4letterwords.txt but each word on one line. Any leading and trailing blank spaces must be removed in the output file.
In: Computer Science