Questions
An underwriting firm such as Morgan Stanley or Goldman Sachs serves as the quarterback in an...

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...

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...

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...

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...

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...

Consider the following substitution block cipher:

Plain-text

  1. 000 110

  2. 001 100

  1. 010 111

  2. 011 001

  1. 100 101

  2. 101 000

  1. 110 010

  2. 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...

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...

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

compare 3 laws: van dear waals, redlich kwong equation, viral equation. which of the law do...

compare 3 laws: van dear waals, redlich kwong equation, viral equation. which of the law do you think will model reality best for N2 gas? And which of the law will best reality model for He gas?

In: Chemistry

On June 28, 1997, in Las Vegas, Nevada, heavyweight boxers Mike Tyson and Evander Holyfield met...

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...

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. 1-a. Complete the table below, for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)

  2. 1-b. Prepare the journal entries for each of the above transactions.

  3. 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.

  4. 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...

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...

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.)

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...

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