Problem 12-09 Financing Deficit Garlington Technologies Inc.'s 2016 financial statements are shown below: Balance Sheet as of December 31, 2016 Cash $ 180,000 Accounts payable $ 360,000 Receivables 360,000 Notes payable 156,000 Inventories 720,000 Line of credit 0 Total current assets $1,260,000 Accruals 180,000 Fixed assets 1,440,000 Total current liabilities $ 696,000 Common stock 1,800,000 Retained earnings 204,000 Total assets $2,700,000 Total liabilities and equity $2,700,000 Income Statement for December 31, 2016 Sales $3,600,000 Operating costs 3,279,720 EBIT $ 320,280 Interest 18,280 Pre-tax earnings $ 302,000 Taxes (40%) 120,800 Net income 181,200 Dividends $ 108,000 Suppose that in 2017 sales increase by 20% over 2016 sales and that 2017 dividends will increase to $192,000. Forecast the financial statements using the forecasted financial statement method. Assume the firm operated at full capacity in 2016. Use an interest rate of 14%, and assume that any new debt will be added at the end of the year (so forecast the interest expense based on the debt balance at the beginning of the year). Cash does not earn any interest income. Assume that the all new-debt will be in the form of a line of credit. Round your answers to the nearest dollar. Do not round intermediate calculations. Garlington Technologies Inc. Pro Forma Income Statement December 31, 2017 Sales $ Operating costs $ EBIT $ Interest $ Pre-tax earnings $ Taxes (40%) $ Net income $ Dividends: $ Addition to RE: $ Garlington Technologies Inc. Pro Forma Balance Statement December 31, 2017 Cash $ Receivables $ Inventories $ Total current assets $ Fixed assets $ Total assets $ Accounts payable $ Notes payable $ Accruals $ Total current liabilities $ Common stock $ Retained earnings $ Total liabilities and equity.

1. Capital structure:
a. What are the capital structure theories?

b. The Miller and Modigliani proposition that dividend policy has no impact on the value of the firm fails to explain the accepted facts of dividend policy by major corporations. Explain the nature of Miller and Modigliani’s theory on dividend policy and outline its practical limitations.

Long explanations and discussions needed

Discussion 2.1: Cognitive Perspective: Piaget’s Stages of Cognitive Development

1. Discuss your reactions to the theory. What was good/positive or bad/negative about this theory?
2. How you would know a child has moved from one stage to the next according to Piaget (i.e. what key aspects would you look for, what qualifiers need to be present, etc.)?

From Washington’s point of view, what were the chief obstacles to be overcome in fighting the war? How did he address those problems? In your own words. I can tell when you just copy and paste.

JustKitchens Inc. provides services to restaurants and hotels. The company supplies paper products, tableware, cookware, restaurant and kitchen equipment, and cleaning supplies. On January 2, 2017, Just- Kitchens enters into a contract with a local restaurant chain to provide its services for 3 years at a cost of $10,000 per year. The restaurant chain pays the total contract fee on January 2, 2017. JustKitchens’s stand-alone selling price is also $10,000 per year.

After 2 years, the restaurant asks to modify the contract. On January 2, 2019, the companies agree to reduce the fee for the third year to $9,000 in exchange for extending the contract for 2 additional years at a fee of $11,000 per year. This modification is agreed to by both parties, and on that date the restaurant chain pays for the additional 2 years of service and deducts $1,000 for the adjustment to the original contract. The $11,000 fee for the additional years is the same as JustKitchens’s stand-alone price.

How should JustKitchens account for the contract modification?

The contract modification should be accounted for with a cumulative catch-up adjustment or prospectively?

Prepare the journal entries that JustKitchens would make over the life of the contract. Assume all annual year-end entries are made on December 31. Additional Instruction

PAGE 2017 (4 Journal Entries) PAGE 2018 (2 Journal Entries) PAGE 2019 (4 Journal Entries) PAGE 2020 (2 Journal Entries) PAGE 2021 (2 Journal Entries)

2017PAGE

GENERAL JOURNAL

2018PAGE

GENERAL JOURNAL

PAGE 2019

GENERAL JOURNAL

PAGE 2020

GENERAL JOURNAL

PAGE 2021

GENERAL JOURNAL

for the research topic

Effect of Cloud-Based Services on Small Businesses in Developing Countries: Case Study of Khomas Region, Namibia

Write the following

1. limitations

2 delimitations

3 research questions

4. research ethics

please note to put your citations and reffeences

4)

Using the key below,

where should a corporation record depreciation on equipment?

15 and 10

9 and 16

7 and 16

15 and 8

5)

Using the key below,

where should a corporation record paying for advertising for the period?

15 and 2

15 and 12

1 and 16

11 and 16

6)

Using the key below,

where should a corporation record paying for cash dividends?

15 and 2

13 and 12

1 and 16

13 and 2

OBJECTIVE: In the second assignment, you started coding the NineGaps game by creating the skeleton of the program including the loops, inputs/outputs, and some conditions without going to the details of the game. In this third assignment, we are going to complete the game by coding the details, using what we learned so far, especially working with arrays. YAY! At the end of this assignment, we can actually play with the very first game that we created by ourselves (at least for some of us!). Here You Go…! Complete the NineGaps game: Problem 1: Simulating a two-dimensional array using one-dimensional array. In COMP-1400, we only talk about one-dimensional arrays, and two-dimensional (or more) arrays will be discussed in COMP-1410. However, in NineGaps game, we need to have a table of digits as well as table of operators for the game board. In this problem we would like to simulate a two-dimensional array using a one-dimensional array. For instance, to create a n by m table (a table with n rows and m columns) of digits, we need to create a one-dimensional array with size of n*m. Therefore, row 0 and column 0 of the table (black color) will be represented by position 0 of our array. Or row 1 and column 1of the table (yellow color) will be mapped to the cell#4 in our array. Or row 3 and column 0 of the table (dark blue) is represented by cell#9 in our array. The first step to simulate the process is to find and implement the mapping rule. Assuming we want to add an integer value in a particular row and column of the table, where 0. The language is C.

1. Using a Stack, describe the algorithm below (with pre conditions and post conditions) how you would check a block of code and be sure it has the appropriate amount of curly brackets { }. (java)

Crown Co. can produce two types of lamps, the Enlightner and Foglighter. The data on the two lamp models are as follows:

It takes one machine hour to produce each product. Total fixed costs for the manufacture of both products are $125,000. Demand is high enough for either product to keep the plant operating at maximum capacity.

Assuming that sales mix in terms of dollars remains constant, what is the breakeven point in dollars? (Round intermediate calculations to 4 decimal places and final answer up to the nearest whole number.)

Multiple Choice

• $383,459.

• $213,089.

• $401,237.

• $339,489.

• $1,040,391.

Analyze how much of the funding should come from debt, and how much from equity. Support your evaluation. Please provide reference

How do trends evolve and move in society? How have trends evolved to shape fashion at the beginning of the 21st Century? Use specific examples.

A mass 1 0.400 kg block is released from rest at the top of a frictionless track height one=2.90 m above the top of a table. It then collides elastically with a 1.00 kg mass that is initially at rest on the table. Assume a perfectly inelastic equation.

a) Determine the speed of the two masses just after the collision. b. How far away from the bottom of the table does the 1.00 kg mass land, given that the table is 1.60 m high?

PVA (Poly(vinyl alcohol))

1) Show that the average strand of PVA (MW 78,000) contains approximately 1800 monomer units.

2) Calculate the approximate length of PVA assuming that each monomer unit contributes two carbon atom diameters to the length (1 carbon atom diameter = 154 pm).

3) Show that 1.00 L of 4% (40g/L) PVA contains approximately 3 x 10^20 PVA strands.

Broussard Skateboard's sales are expected to increase by 25% from $8.4 million in 2016 to $10.50 million in 2017. Its assets totaled $6 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 3%, and the forecasted payout ratio is 70%. What would be the additional funds needed? Do not round intermediate calculations. Round your answer to the nearest dollar.