The comparative balance sheets for 2018 and 2017 are given below for Surmise Company. Net income for 2018 was $76 million.

Required:
Prepare the statement of cash flows of Surmise Company for the year ended December 31, 2018. Use the indirect method to present cash flows from operating activities because you do not have sufficient information to use the direct method. You will need to make reasonable assumptions concerning the reasons for changes in some account balances. A spreadsheet or T-account analysis will be helpful. (Hint: The right to use a building was acquired with a seven-year lease agreement. Annual lease payments of $10 million are paid at January 1 of each year starting in 2018.) (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.)

On January 1, 2018, Nguyen Electronics leased equipment from Nevels Leasing for a four-year period ending December 31, 2021, at which time possession of the leased asset will revert back to Nevels. The equipment cost Nevels $839,368 and has an expected economic life of five years. Nevels expects the residual value at December 31, 2021, will be $115,000. Negotiations led to the lessee guaranteeing a $170,000 residual value.

Equal payments under the lease are $215,000 and are due on December 31 of each year with the first payment being made on December 31, 2018. Nguyen is aware that Nevels used a 5% interest rate when calculating lease payments. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:

1. Prepare the appropriate entries for both Nguyen and Nevels on January 1, 2018, to record the lease.
2. Prepare all appropriate entries for both Nguyen and Nevels on December 31, 2018, related to the lease.

Problem 12-07 Forecasted Statements and Ratios Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain of retail stores, and has a staff to advise customers and help them set up their new computers. Upton's balance sheet as of December 31, 2016, is shown here (millions of dollars): Cash $ 3.5 Accounts payable $ 9.0 Receivables 26.0 Notes payable 18.0 Inventories 58.0 Line of credit 0 Total current assets $ 87.5 Accruals 8.5 Net fixed assets 35.0 Total current liabilities $ 35.5 Mortgage loan 6.0 Common stock 15.0 Retained earnings 66.0 Total assets $122.5 Total liabilities and equity $122.5 Sales for 2016 were $275 million and net income for the year was $8.25 million, so the firm's profit margin was 3.0%. Upton paid dividends of $3.3 million to common stockholders, so its payout ratio was 40%. Its tax rate was 40%, and it operated at full capacity. Assume that all assets/sales ratios, (spontaneous liabilities)/sales ratios, the profit margin, and the payout ratio remain constant in 2017. Do not round intermediate calculations. If sales are projected to increase by $70 million, or 25.45%, during 2017, use the AFN equation to determine Upton's projected external capital requirements. Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places. $ million Using the AFN equation, determine Upton's self-supporting growth rate. That is, what is the maximum growth rate the firm can achieve without having to employ nonspontaneous external funds? Round your answer to two decimal places. % Use the forecasted financial statement method to forecast Upton's balance sheet for December 31, 2017. Assume that all additional external capital is raised as a line of credit at the end of the year and is reflected (because the debt is added at the end of the year, there will be no additional interest expense due to the new debt). Assume Upton's profit margin and dividend payout ratio will be the same in 2017 as they were in 2016. What is the amount of the line of credit reported on the 2017 forecasted balance sheets? (Hint: You don't need to forecast the income statements because the line of credit is taken out on last day of the year and you are given the projected sales, profit margin, and dividend payout ratio; these figures allow you to calculate the 2017 addition to retained earnings for the balance sheet without actually constructing a full income statement.) Round your answers to the nearest cent. Upton Computers Pro Forma Balance Sheet December 31, 2017 (Millions of Dollars) Cash $ Receivables $ Inventories $ Total current assets $ Net fixed assets $ Total assets $ Accounts payable $ Notes payable $ Line of credit $ Accruals $ Total current liabilities $ Mortgage loan $ Common stock $ Retained earnings $ Total liabilities and equity $.

Explain what means by barriers of effective listening to your audience?

You are just 23 years old and you have $10,000 in your retirement saving accounts. You expect to retire at the age of 70 (work for 47 more years) and expect to live for another 30 years after your retirement. On the day you retire, you want to have enough money in our retirement saving accounts such that you are able to draw $10,000 per month for 30 years. You are conservative in your estimate of interest rate and expect to earn on an average 4.25% on your money during the entire period.

(a) How much you need to deposit each month throughout your working years to achieve your post retirement income goal, if you plan to die on the day you spend your last penny?

(b) There is one more complication that you realized only at the last day of your age 35! And the end of your age 55 (in 20 year time), you expect your only kid to join a top notch MBA program. You want to help your kid achieve his/her career goal and you plan to give him/her a onetime grant of $150,000 when he joins the program. How much you need to additionally save each month from age 35 onwards to achieve enough funds at the end of age 70 to meet your original retirement income goal as well as your child’s educational goal?

(c) Suppose your financial situations at age 35 is such that you cannot increase your monthly savings in the pension account. If you still want to give your kid a onetime grant of $150,000 at the end of your age 55, how much reduction in your post retirement monthly income you have to absorb in order to accommodate the additional expenditure of $150,000.

Baker has been assigned to research the literature for a possible solution to a major operational problem at his employer. Baker spends many weeks searching the literature and finds a common solution theme for similar problems at various companies in various industries. Baker is somewhat dubious that the commonly reported solution would actually work at his employer. He has been thinking, and has a thought about a different solution that has never been tried before. He must report to the Board of Directors in three days. They are a no-nonsense Board and they expect results. The operational problem must be solved. What should Baker do?

. What issues are most important when recruiting participants for an experiment? Include ethical issues that should be addressed.

What are differences between random selection and random assignment?

What is an independent-groups experiment? Describe two procedures for random assignment used in an independent-groups experiment.

What is a dependent-groups experiment? Describe two procedures for random assignment used in a dependent-groups experiment.

what are the effects of leveling income inequality on developing states in the 21st century?

(answer in 200 word paragraph)

33.). Compute the maximum gain, maximum loss, and breakeven of the individual options strategies below. In each of the examples shown, determine the maximum profit, maximum loss, and breakeven point. (PLEASE SHOW ALL WORK) (1). An investor buys an RGI DEC 60 call for $4.00 (2). Sell 1 BAC SEPT 70 call at 6.00USD Sell 1 BAC SEPT 70 put at 1.00USD (3). Long 1 XYZ JUL 50 call @ 5.50USD Write 1 XYZ JUL 55 call @ 3.50USD

Research some of the general characteristics of language and the concept of speech acquisition in infants using your textbook, the Internet, and the online library resources before responding to these questions:

Researchers describe language as having six different properties. Describe the six properties. Which two properties do you think are the most important? Explain your answers with reasons.

Jim and Sue just had a baby, and they are interested in learning more about the process of language acquisition. They have heard about the controversy surrounding the view that speech is special. Do you think speech is special or is it processed like other auditory stimuli? Explain your answer with reasons.

Several African languages use clicks as consonants. Jim and Sue, who are English speaking, cannot hear the difference between the different types of clicks and have a difficult time learning one of these languages. If they were to move to Africa when their baby is about one-year old, do you think the baby would be able to hear the difference? Why or why not? Do you think she would hear the difference if they moved to Africa after her tenth birthday? Give reasons for your answers.

Write your initial response in 4–5 paragraphs. Apply APA standards to the citation

In thinking about your reading and the short video below, please summarize in your own words the structure of neurons and how they work in the brain.

Video:http://www.youtube.com/watch?v=FR4S1BqdFG4

Please answer in 250 words or less. NO Copy pasted answers.

Based on article below, What internal and external factors impacted the pricing decisions of IKEA in the Russian market?

(word limit: 250)

IKEA is a leading home furnishing company with around 340 stores in 40 countries, selling a range of some 10’000 articles and having more than 150’000 employees. The company was founded in 1943 by Ingvar Kamprad in Småland, a province in Southern Sweden where people are renowned for working hard, being thrifty and innovative, and achieving big results with small means. Today, the IKEA group is controlled by a private foundation and the company is thus not on the stock market. Ingvar Komprad’s innovative idea was to offer home furnishing products of good function and design at prices much lower than competitors by using simple cost-cutting solutions that did not affect the quality of products. This is a prominent philosophy at IKEA, which is now realizing its ambitious plans in Russia. IKEA opened its first store in Moscow, Khimki, in March 2000, followed by one more in Moscow in 2001, one in St Petersburg in 2003, and one in Kazan in March 2004. In 2012, IKEA had 14 stores in Russia and some of them in distant places such as Novosibirsk (2007) and the newest ones in Ufa (2011) and Samara (2012). All Russian operations are controlled as fully owned ventures by the IKEA group. IKEA is characterized by a strong brand based on its vision to create a better everyday life for many people. A set of explicit values is linked to the vision and plays a guiding principle in the strategy development. The values are the foundation of a culture called internally the ‘IKEA Way’, which is an expression of lKEA's history, the product range, the distribution system, the management style, the human resource idea, etc. Brand and cultural values coincide and affect the strategy, organizational processes product development and customer relationship. Thus the key value of cost-consciousness that lies at the heart of IKEA's flat-package concept dictates the necessity of global sourcing, define the customer relationship where 'IKEA does a half and customers do a half' and guides the product design, choice of material and logistics. The value of simplicity is reflected in the fast planning process, behaviours and routine governed by common sense, straightforward relationships with suppliers and customer as well as in the product development process. By linking vision and values, IKEA thus create a firm platform for entering a new market. In each new market lKEA enters it must recreate its company culture from scratch. In Moscow that included the replication of the store design and layout in accordance with the latest version of the existing store and extensive cultural education that was implemented by the team of experienced IKEA people. It was the overall company vision that guided the desire to establish business in Russia; most particularly, the impression that few companies in Russia focused on solving the needs of the many people by offering attractive products at reasonable prices. However, knowledge of the Russian market when IKEA initially decided to open its first store in Moscow was very scarce. No special market research was carried out before setting up the store. IKEA’s basic strategy is to neither adjust the style of products to local needs nor follow the competitors’ products development was central as the cornerstone in preserving the IKEA concept and image: ‘The range is supposed to be IKEA – unique and typical IKEA’. All products are divided into four major categories or styles – Scandinavian, Country, Modern, and Young Swede – which are clearly distinguished in all business areas across the store. One of the reasons why IKEA was successful with its standard product ranges in Russia was the fact that several of these IKEA ranges emphasis the modern style, which is very different from the traditional Russian style but is attractive and fresh for the Russian customers because it symbolizes change. An important factor in the market approach was to identify needs that are not fully recognized and to teach customers what IKEA is about. IKEA's retail proposition is based to a large extent on its Swedish roots and history, which is, in turn, very different from Russian traditions. Therefore, learning as much as possible about the local culture and customer needs was considered essential. For example, lKEA made home visits to customers to talk to people, see how they lived and used their homes and to identify potential needs and wants not fully acknowledged by customer themselves. Understanding local family conditions and furnishing traditions then provided a basis for the effective introduction and marketing of the IKEA concept. As exemplified by a store manager, the main priority for Russians is normal living costs; then comes the car and TV; and afterwards maybe a trip abroad. The idea of changing people's priorities by explaining to them that a beautiful home does not have to cost a fortune and they can afford both the wardrobe and a trip abroad is an essential leitmotif of the marketing campaigns in Russia. The importance of aligning the IKEA concept with the desired image was critical from the very beginning. The intention was to build an image with a low price brand that also guaranteed attractive and modern products of good quality. To achieve this, IKEA has faced many challenges such as: high customs fees; the requirement to purchase more from the local producers; difficulties in finding and developing suppliers in Russia; still low buying-power of Russian customers etc. For IKEA, it was critical to associate the low price with the desired significance. An increased capacity and bigger volumes by the Russian suppliers will allow the company to cut costs and reduce prices in Russia as well as to export the Russian made furniture to its other markets. As a matter of fact, IKEA prices are still very high for many ordinary Russians. For example, even in St Petersburg, the second-largest city, shopping power is, according to different estimate, 30 to 50 per cent lower than in Moscow, where an average purchase value equals that in Stockholm. But for Russian customers low price was very strongly related to unattractive products of poor quality, and one challenge has been to overcome this and explain how it is possible to offer good product at low prices. Therefore, it has also been an ambition to provide the Russian market with the best and most attractive IKEA products. Marketing communications became an important tool in creating the right image of IKEA in Russia. The ways to communicate the image were many: the outdoor product ads (price), image ads in the glossy magazine, TV (though IKEA has used this very restrictively due to high cost), and articles in the newspapers (press coverage has become very broad and quite positive towards the IKEA culture and philosophy). Another very important communication means in Russia is the buzz network or word-of mouth communication that works very effectively. In addition, IKEA had an open and friendly approach towards Russian journalists. This was in sharp contrast to most other large organizations. IKEA was completely open to the journalists and introduced them to the IKEA way and values by organizing press trips to Älmhult in Sweden to learn how the range is created. The result was that the press coverage of IKEA in Russia became much more positive. In the spring of 2009 IKEA thus had 11 stores operating in Russia. Most of these locations were mega mall shopping complex operated by IKEA. The shopping complex at the Tyoplyi Stan site in Moscow for example accommodate around 210,000 square meters of retail space and 240 retail outlets. The mega malls were treated as a separate business, and were an addition to IKEA's core concept. Normally, IKEA does not manage or develop shopping centres but this was considered necessary in Russia due to its lack of an existing structure of large branded stores and external as well as central shopping centres of a Western kind. Previously, many Russians have shopped for furniture as well as other products in outdoor markets or at smaller, local stores. From IKEA’s perspective developing a whole mega mall was part of attracting Russian customers to the stores. As a whole, IKEA has made substantial investments in Russia, and turnover is increasing rapidly. However, a major principle has been that monetary returns are needed to back up further expansion: ‘As soon as we make a profit, I can see at least ten years ahead when we will need all the money that is generated in Russia. So, the day when we will start to take out profit from Russia and use it in other countries is perhaps 15 years away'.

Suppose x has a distribution with μ = 22 and σ = 16.

(a) If a random sample of size n = 33 is drawn, find μ_x, σ_x and P(22 ≤ x ≤ 24). (Round σ_x to two decimal places and the probability to four decimal places.)

μ_x =

σ_x =

P(22 ≤ x ≤ 24) =

(b) If a random sample of size n = 59 is drawn, find μ_x, σ_x and P(22 ≤ x ≤ 24). (Round σ_x to two decimal places and the probability to four decimal places.)

μ_x =

σ_x =

P(22 ≤ x ≤ 24) =