Questions
9.Johnson Electronics is considering extending trade credit to some customers previously considered poor risks. Sales would...

9.Johnson Electronics is considering extending trade credit to some customers previously considered poor risks. Sales would increase by $300,000 if credit is extended to these new customers. Of the new accounts receivable generated, 6 percent will prove to be uncollectible. Additional collection costs will be 5 percent of sales, and production and selling costs will be 78 percent of sales. The firm is in the 25 percent tax bracket.

a. Compute the incremental income after taxes.

Incremental income after taxes

b. What will Johnson’s incremental return on sales be if these new credit customers are accepted? (Input your answer as a percent rounded to 2 decimal places.)

Incremental return on sales %

c. If the accounts receivable turnover ratio is 3 to 1, and no other asset buildup is needed to serve the new customers, what will Johnson’s incremental return on new average investment be? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Incremental return on new average investment %

In: Accounting

Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given...

Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.

METAGROBOLIZE INDUSTRIES
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021 2020
Assets
Cash $ 400 $ 170
Accounts receivable 430 230
Inventory 580 370
Land 550 545
Building 900 900
Less: Accumulated depreciation (250 ) (210)
Equipment 2,700 2,390
Less: Accumulated depreciation (409 ) (380 )
Patent 1,400 1,500
$ 6,301 $ 5,515
Liabilities
Accounts payable $ 680 $ 480
Accrued liabilities 190 115
Lease liability—land 130 0
Shareholders' Equity
Common stock 3,160 3,000
Paid-in capital—excess of par 500 490
Retained earnings 1,641 1,430
$ 6,301 $ 5,515
METAGROBOLIZE INDUSTRIES
Income Statement
For the Year Ended December 31, 2021
($ in thousands)
Revenues
Sales revenue $ 2,608
Gain on sale of land 50 $ 2,658
Expenses
Cost of goods sold $ 880
Depreciation expense—building 40
Depreciation expense—equipment 272
Loss on sale of equipment 10
Amortization of patent 100
Operating expenses 550 1,852
Net income $ 806


Additional information from the accounting records:

  1. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021.
  2. During 2021, equipment with a cost of $270,000 (90% depreciated) was sold.
  3. The statement of shareholders' equity reveals reductions of $170,000 and $425,000 for stock dividends and cash dividends, respectively.


Required:
Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.)

In: Accounting

The position of a 2.75

The position of a 2.75

In: Physics

If a 0.200 M solution of KOH is added to a solution containing 0.100 M Ni2+,...

If a 0.200 M solution of KOH is added to a solution containing 0.100 M Ni2+, 0.100 M Ce3+, and 0.100 M Cu2+, which metal hydroxide will precipitate first? Calculate the concentration of the first precipitated ion when the second soluble ion begins to precipitate. When the most soluble ion starts to precipitate, what is the concentration for the second soluble ion in the solution?

Ksp Ni(OH)2 = 6.0 X 10-16, Ksp Ce(OH)3 = 6.0 X 10-22, Ksp Cu(OH)2 = 4.8 X 10-20

In: Chemistry

Externalities 1) Amanda owns an electric power plant in the city of Wetaskiwin. Francesca owns a...

Externalities

1) Amanda owns an electric power plant in the city of Wetaskiwin. Francesca owns a laundry service next door to the power plant. Francesca's specialty in town is the “spring fresh” scent he achieves by air-drying laundry outside. In producing electricity, Amanda also produces smoke. Unfortunately, Amanda’s smoke dirties Francesca’s laundry, creating costs for Francesca of for each kwh Amanda produces.

(a) Draw a figure, with lines indicating the private and social cost to supply electricity as well as the private and social marginal benefit of producing electricity

(b) In your figure, shade in the social cost to society (total social and private costs) from producing the market equilibrium quantity of electricity.

(c) Suggest some possible solutions for this market failure.

In: Economics

Indicate each statement as No Evolution or Evolution Occurring (If Evolution is Occurring indicate by Selection...

Indicate each statement as No Evolution or Evolution Occurring (If Evolution is Occurring indicate by Selection or No Selection) with a brief explanation:

  1. 10 generations of selective breeding, and no change in the environment, produces dogs that bark less.
  2. Humans today are larger than our ancestors because we have access to better nutrition.
  3. Swimming ability is random with respect to genetics, and individuals that swim better survive the annual flood along the river. Over time, the population has more good swimmers.
  4. Individual plants have an allele for either red flowers or blue flowers. The deer grazing in your yard prefers to eat the red flowers and so the blue flowers survive and reproduce more.
  5. Digit length in Ay Ayes is heritable. After a strong bout of selection, you find that all Aye Ayes have the same length of digits
  6. A mutation conferring resistance to distemper occurs in racoons. Within 7 generations, you find that 50% of individuals in the population have the mutation

In: Biology

can anyone give me an example of an Array and its usage in Visual Basic programming

can anyone give me an example of an Array and its usage in Visual Basic programming

In: Computer Science

Can you describe one agonist and one antagonist for each of the neurotransmitters listed here, other...

Can you describe one agonist and one antagonist for each of the neurotransmitters listed here, other than the ones mentioned in the text? How do they affect NT activity?

  • acetylcholine
  • endorphins
  • norepinephrine
  • serotonin
  • GABA
  • glutamate

In: Biology

A rock is suspended by a light string. When the rock is in air, the tension...

A rock is suspended by a light string. When the rock is in air, the tension in the string is 45.0 N . When the rock is totally immersed in water, the tension is 29.2 N . When the rock is totally immersed in an unknown liquid, the tension is 21.0 N .

What is the density of the unknown liquid?

In: Physics

An employer fired one of the employees because the employer did not like the employee's husband,...

An employer fired one of the employees because the employer did not like the employee's husband, who was a rather loud and obnoxious type. When he came to office parties, he routinely wore everyone's nerves to a frazzle. The employee does not have a contract with the employer and is not in a union. Does she have a cause of action for unjust dismissal?

In: Economics

I struggle with javascript but for this assingment, I was supposed to create a website with...

I struggle with javascript but for this assingment, I was supposed to create a website with at least 10 HTML files, of course with javascript included. I may be confused but not sure what is the difference between HTML Files and tags. I know what tags are but may have misunderstood the assignment with HTML files.

Your final project is to develop a web site of your choice. It is entirely up to you on what type of web site you want to develop. In the past, I saw students developed their personal web site, a site they developed for their work, family, church, or a site that promoted a friend's business, etc. The choice is yours. Your site must have the following features:

  • Contains at least 10 different HTML files
  • Use of Style Sheet
  • Use of JavaScript
  • Use of images
  • Contain at least one form

Some functionality of your web site can be only a prototype, but not fully functioning. For example, you might have a "Contact Us" page that allows users to send an email to your company. The page will have several input fields, such as Name, Subject, Message, and a Send button. However, when clicking on the Send button, no email is actually sent out. Similarly, you might create a payment processing page that allows the user to enter payment information, such as credit card number, expiration date, etc. But no payment is processed after the user clicks on the submit button.

In: Computer Science

Reflect on the Ellen Moore (A) case in light of what you've read this week on...

Reflect on the Ellen Moore (A) case in light of what you've read this week on conflict and in the previous module and answer the following questions:

  • Identify specific conflict points in the case. What kinds of communication strategies might have helped ease the conflict?
  • Consider the case in light of the PMI’s Code of Ethics and Professional Conduct. In what ways does that code help you think about the case?
  • How do you think the situation would have been different if all of this had been happening at a U.S. company in the U.S.? Would different communication and conflict management strategies have been more appropriate?

In: Computer Science

Boomerang Corporation, a New Zealand corporation, is owned by the following unrelated persons: 40 percent by...

Boomerang Corporation, a New Zealand corporation, is owned by the following unrelated persons: 40 percent by a U.S. corporation, 15 percent by a U.S. individual, and 45 percent by an Australian corporation. During the year, Boomerang earned $3,000,000 of subpart F income. Which of the following statements is true about the application of subpart F to the income earned by Boomerang?

Multiple Choice Boomerang is a CFC and the U.S. corporation and U.S. individual will have a deemed dividend of $1,200,000 and $450,000, respectively. Boomerang is a CFC and only the U.S. corporation will have a deemed dividend of $1,200,000. Boomerang is a CFC and the U.S. corporation, U.S. individual, and Australian corporation will have a deemed dividend of $1,200,000, $450,000, and $1,350,000, respectively. Boomerang is not a CFC and none of the shareholders will have a deemed dividend under subpart F.

In: Accounting

A luge and its rider, with a total mass of 84 kg, emerge from a downhill...

A luge and its rider, with a total mass of 84 kg, emerge from a downhill track onto a horizontal straight track with an initial speed of 33 m/s. If a force slows them to a stop at a constant rate of 1.1 m/s2, (a) what magnitude F is required for the force, (b) what distance d do they travel while slowing, and (c) what work W is done on them by the force? What are (d)F, (e)d, and (f)W if they, instead, slow at 2.2 m/s2?

In: Physics

Discuss the legal rights and responsibilities of both teachers and students and the implications of each...

Discuss the legal rights and responsibilities of both teachers and students and the implications of each on the teaching field.

In: Psychology