Problem 5-1A Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 70 units @ $50.40 per unit Mar. 5 Purchase 210 units @ $55.40 per unit Mar. 9 Sales 230 units @ $85.40 per unit Mar. 18 Purchase 70 units @ $60.40 per unit Mar. 25 Purchase 120 units @ $62.40 per unit Mar. 29 Sales 100 units @ $95.40 per unit Totals 470 units 330 units Problem 5-1A Part 1 Required: 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units in ending inventory. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 180 units from the March 5 purchase; the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)
In: Accounting
(YOU don't need to write the client class I already have it, just need this)
You are provided with Main.java that is a client for this program.
You will create THREE files-- GameCharacter.java, ShieldMaiden.java, and Dragon.java
First: You must Create an interface called GameCharacter WITH JUST PROTOTYPES, NO IMPLEMENTATIONS
A GameCharacter has a few functions associated with it
1) takeHit: decreases the character's health. It should return an int representing damage taken (hit points)
2) heal: increases the character's health. Should return an int representing amount healed (i.e. hit points)
3) getHealth: returns the total current health the character has (i.e. hit points)
4) isAlive: determines if the character is dead. Should return true if the character is dead, and false if not.
Second: Then create two classes. One should be named Dragon, and the other should be named ShieldMaiden (i.e. warrior) that IMPLEMENT Game Character. Give them each private variables for health. The constructor should take in an initial amount to set health to.
Third: Implement the interface functions for these two classes (Dragon and ShieldMaiden). To make the game more interesting, the dragon's takeHit should hurt the dragon a random number from 10 to 20 inclusive and the ShieldMaiden's takeHit should hurt the shieldMaiden a random number from 15 to 25 inclusive. Furthermore, the dragon's heal should only heal the dragon a random number from 1 to 10 inclusive but the ShieldMaiden's heal should heal the ShieldMaiden a random number from 8 to 20 inclusive. A character is dead when they get negative health.
In: Computer Science
Name: |
($ in millions) |
|||||||||||||||||||||||
Assets |
December 31, 2016 |
December 31, 2017 |
Dollar Change |
Source or Use Increase/Decrease |
||||||||||||||||||||
Current Assets |
||||||||||||||||||||||||
Cash |
$ 400 |
$ 500 |
||||||||||||||||||||||
Accounts receivable |
1,510 |
1,750 |
||||||||||||||||||||||
Inventory |
1,179 |
1,440 |
||||||||||||||||||||||
Total Current Assets |
$ 3,089 |
$ 3,690 |
||||||||||||||||||||||
Fixed assets |
||||||||||||||||||||||||
Net plant and equipment |
$ 5,666 |
$ 6,090 |
||||||||||||||||||||||
Total Assets |
$ 8,755 |
$ 9,780 |
||||||||||||||||||||||
Liabilities and Owners' Equity |
||||||||||||||||||||||||
Current liabilities |
||||||||||||||||||||||||
Accounts payable |
$ 880 |
$ 900 |
||||||||||||||||||||||
Notes payable |
- |
- |
||||||||||||||||||||||
Total Current Liabilities |
$ 880 |
$ 900 |
||||||||||||||||||||||
Long-term debt |
1,500 |
1,700 |
||||||||||||||||||||||
Total Liabilities |
$ 2,380 |
$ 2,600 |
||||||||||||||||||||||
Stockholder's equity |
||||||||||||||||||||||||
Common stock and paid-in surplus |
$ 1,000 |
$ 1,000 |
||||||||||||||||||||||
Retained earnings |
5,375 |
6,180 |
||||||||||||||||||||||
Total Stockholder's equity |
$ 6,375 |
$ 7,180 |
||||||||||||||||||||||
Total liabilities and stockholders' equity |
$ 8,755 |
$ 9,780 |
||||||||||||||||||||||
Increase in Cash |
||||||||||||||||||||||||
Common-size Income Statement |
FYE 12/31/2017 |
|||||||||||||||||||||||
Sales |
$10,000 |
100% |
||||||||||||||||||||||
Cost of Goods Sold |
5,350 |
53.5% |
||||||||||||||||||||||
Operating Expenses |
2,250 |
22.5% |
||||||||||||||||||||||
Depreciation |
1,100 |
11.0% |
||||||||||||||||||||||
Earnings Before Interest & Taxes |
$1,300 |
13.0% |
||||||||||||||||||||||
Interest Expense |
170 |
1.7% |
||||||||||||||||||||||
Taxable Income |
$1,130 |
11.3% |
||||||||||||||||||||||
Taxes |
230 |
2.3% |
||||||||||||||||||||||
Net Income |
$900 |
9.0% |
||||||||||||||||||||||
Dividends |
$95 |
1.0% |
||||||||||||||||||||||
Addition To Retained Earning |
$ 805 |
8.1% |
||||||||||||||||||||||
Major Source |
||||||||||||||||||||||||
Major Use |
||||||||||||||||||||||||
There are 5 Majors |
Cash Flow Activity |
Compute ratios to 2 decimals except for Working Capital |
December 31, 2016 |
December 31, 2017 |
||||||||||||||||||||
Short-term Solvency/Liquidity |
||||||||||||||||||||||||
Working Capital |
||||||||||||||||||||||||
Current Ratio |
||||||||||||||||||||||||
Quick Ratio |
||||||||||||||||||||||||
Cash Ratio |
||||||||||||||||||||||||
Long-term Solvency/Leverage |
||||||||||||||||||||||||
Total Debt Ratio% |
||||||||||||||||||||||||
Equity multiplier |
||||||||||||||||||||||||
Times Interest Earned Ratio |
||||||||||||||||||||||||
Cash Coverage Ratio |
||||||||||||||||||||||||
Asset Utilization/Turnover |
||||||||||||||||||||||||
Inventory Turnover |
||||||||||||||||||||||||
Day's Sales In Inventory |
||||||||||||||||||||||||
Receivable Turnover |
||||||||||||||||||||||||
Day's Sales in Receivables |
||||||||||||||||||||||||
Operating Cycle in days |
||||||||||||||||||||||||
Total Asset Turnover |
||||||||||||||||||||||||
Profitability |
||||||||||||||||||||||||
Profit Margin% |
||||||||||||||||||||||||
Return on Assets (ROA)% |
||||||||||||||||||||||||
Return on Equity (ROE)% |
||||||||||||||||||||||||
ROE - Using Du Point Identity% |
||||||||||||||||||||||||
Borrowing Rate |
||||||||||||||||||||||||
According to the Short-Term Solvency ratios, has Corbett Corporation's liquidity improved or declined? |
||||||||||||||||||||||||
Answer: |
||||||||||||||||||||||||
Balance Sheets of December 31, 2016 and 2017 and Income Statement for the Year Ended December 31, 2017 are given below. Please complete columns Dollar Change, Source or Use Increase/Decrease, Major Source/Major Use, and Cash Flow Activity to prove Increase or decrease in Cash. Compute Short-term Solvency/Liquidity for both years to answer whether Corbett Enterprises’ liquidity has improved or declined. Also, compute Long-term Solvency, Asset Utilization, and Profitability ratios for 2017 since only the 2017 income Statement is given.
In: Finance
Each of the solvents listed below are used in experiments in this text to extract organic compounds from aqueous solutions.
(i)Methylene chloride
(ii)pentane
(iii)Toluene
(iv)Diethyl ether
Will the organic phase be the upper or lower layer when each of
these solvents is mixed with water? Explain your an- swer for each
case. (b) If you placed an ice cube in each of the solvents i–iv
listed above in (a), would you expect an ice cube placed in each to
float? Explain your answer for each case
In: Chemistry
You wash dishes for a chemistry laboratory to make extra money for laundry. You earn 12 dollars/hour, and each shift lasts 75 minutes. Your laundry requires 12 quarters/load.
Part A
How many shifts must you work if you wish to wash 10 loads of laundry?
Part B
How many loads of laundry can you wash if you work 3 shifts?
Part C
How many loads of laundry will each shift pay for if the cost per load rises to 16 quarters?
In: Chemistry
For each scenario write the letter for what kind of hypothesis test or confidence interval is described. A. One sample z-test for a mean B. One sample t-test for a mean C. Matched pairs difference in means D. Two sample t-test for means independent E. One sample z-test for a proportion F. Two sample z-test for p1-p2 G. None of the above i. _______ An anthropology major believes the distribution of homes per city from the Anasazi Indians is normally distributed with a standard deviation of 12 homes. A random sample of 10 Anasazi cities shows an average of 46 homes. He wants an 85% confidence interval for the true overall average.
In: Math
please read the article 'Exley Chemical Company' and write what was the type of organization in the company? do you think the company should be organized in other ways ?
In: Mechanical Engineering
Duncan Watts talks about the "small world phenomenon." What does he mean by this and who did the original research on it?
In: Psychology
Q2.choose any medical complex and answer these:
a-Specify the products and services produced and offered to its customers/clients.
b-Who are regarded as the customers/clients of this medical complex (consider the end users, retailers, other manufacturers, employees, etc.)?
c-Provide the department or division layout of the organization.
(ps. for example, the medical complex dealing with food company( that provide breakfast to employee in this medical complex., they deal with this x company provide medical supplies to its pharmacy ,,they deal with the manufacturers with provide them blah blah and the end users, retailers are blah blah which blah blah ,you got the idea? pleas answer like this or answer it in your own professional words in 200 or 300 if you can ,, thank you
In: Nursing
3-2 Please provide details and examples
How can the long-run average cost (LRAC) curve be derived from the short-run average total cost (SRATC) curve? Describe economies of scale and diseconomies of scale. What are the determinants of economies of scale and diseconomies of scale, respectively? Using a real-world company (other than Sysco), explain the causes of economies of scale for your company. How would economies of scale help your company compete in its industry?
In: Economics
Gladstone Company
tracks the number of units purchased and sold throughout each
accounting period but applies its inventory costing method at the
end of each period, as if it uses a periodic inventory system.
Assume its accounting records provided the following information at
the end of the annual accounting period, December 31.
Transactions | Units | Unit Cost | |||||||
Beginning inventory, January 1 | 2,700 | $ | 45 | ||||||
Transactions during the year: | |||||||||
a. | Purchase, January 30 | 3,050 | 60 | ||||||
b. | Sale, March 14 ($100 each) | (2,350 | ) | ||||||
c. | Purchase, May 1 | 1,750 | 75 | ||||||
d. | Sale, August 31 ($100 each) | (2,000 | ) | ||||||
Assuming that for Specific identification method (item 1d) the
March 14 sale was selected two-fifths from the beginning inventory
and three-fifths from the purchase of January 30. Assume that the
sale of August 31 was selected from the remainder of the beginning
inventory, with the balance from the purchase of May 1.
Required:
Last-in, first-out
Weighted average cost
First-in, first-out
Specific identification
Last-in, first-out
Weighted average cost
First-in, first-out
Specific identification
In: Accounting
a 0.490 g sample of a compound is heated through the successive evolution of the following gases, all at 1.00atm pressure: 280 ml of h2o vapor at 182ºC, 112ml of ammonia vapor at 273ºC, 0.0225g ofwater at 400ºC and 0.200g of SO3 at 700ºC, At the end of the heating, 0.090 g of FeO remains. Deduce the empirical formula for the compound
In: Chemistry
Please do this operation in "R studio"
Please recall the vectors that we created for the topic "Data Frames".
name = c('Nikola','Albert', 'Marie','Isaac','Graham','Lise',
'Rosalind')
surname = c('Tesla','Einstein','Curie', 'Newton', 'Bell',
'Meitner', 'Franklin')
gender =
c('Male','Male','Female','Male','Male','Female','Female')
years = c(87,76,75,84,77,89,81)
field_of_study =
c('Engineering','Physics','Chemistry','Physics','Engineering','Physics','Chemistry')
Please check for the function "cut" and use it to create a data frame named "scientists" which has the values
name surname gender years field_of_study years_bin
1 Nikola Tesla Male 87 Engineering (80,90]
2 Albert Einstein Male 76 Physics (70,80]
3 Marie Curie Female 75 Chemistry (70,80]
4 Isaac Newton Male 84 Physics (80,90]
5 Graham Bell Male 77 Engineering (70,80]
6 Lise Meitner Female 89 Physics (80,90]
7 Rosalind Franklin Female 81 Chemistry (80,90]
where "years_bin" attribute is the bin of "years", either "70 to 80" or "80 to 90".
Then please check the function "tapply" to get the averages of the bins like
(70,80] (80,90]
76.00 85.25
Note : Use of functions and methods (such as loops, conditionals) that are not covered yet is forbidden
In: Computer Science
Consider a corporate bond with refunding protection and a different corporate bond with call protection. Briefly describe a situation in which a company might call a bond but not refund the bond. In other words, describe a situation in which a bond is **Called but not refunded***
In: Accounting