2. Look at the last five(omit 2020 Q2) quarters covered in the table. Compare the most recent quarter to the same quarter in the previous year.
a) Which sector* had the largest percentage increase in profit (or largest decrease in loss)
b) Which sector had the smallest percentage increase in profit (or the largest percentage decrease in profit)?
c) Which sectors*, if any, experienced losses during any of the last four quarters covered in the table?
*Note: By "sector", I mean certain groups larger than an individual industry: These are: “Financial” (Row 10), “Utilities (Row 14), "Manufacturing" (Row 15), "Durable goods" (Row 16), "Nondurable goods" (Row 23) and Rows 28 through 32. The listings in Rows 17 through 22 and 24 through 27 (the rows which are most indented from the left margin) are industries, not sectors.
| Line | 2018 | 2019 | 2020 | ||||||||
| Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | ||
| 1 | Corporate profits with inventory valuation and capital consumption adjustments | 2206 | 2225.3 | 2258.1 | 2282.5 | 2181.2 | 2263.2 | 2246.5 | 2311.3 | 2035 | 1808.2 |
| 2 | Domestic industries | 1670 | 1712.6 | 1765.6 | 1773.5 | 1696.8 | 1756.9 | 1731.9 | 1794.6 | 1561.9 | 1431.3 |
| 3 | Financial1 | 428.7 | 426 | 420.8 | 420.8 | 454.2 | 463.8 | 456.8 | 473.4 | 431.2 | 470.7 |
| 4 | Nonfinancial | 1241.3 | 1286.7 | 1344.8 | 1352.7 | 1242.6 | 1293.2 | 1275.2 | 1321.2 | 1130.7 | 960.6 |
| 5 | Rest of the world | 536 | 512.7 | 492.5 | 509 | 484.4 | 506.2 | 514.5 | 516.6 | 473.1 | 376.9 |
| 6 | Receipts from the rest of the world | 858.2 | 879 | 848.2 | 879.6 | 847.2 | 879.4 | 877.3 | 880.8 | 790.5 | 650.9 |
| 7 | Less: Payments to the rest of the world | 322.2 | 366.3 | 355.7 | 370.6 | 362.8 | 373.2 | 362.7 | 364.2 | 317.4 | 274 |
| 8 | Corporate profits with inventory valuation adjustment | 2088.9 | 2112.5 | 2149.9 | 2176.8 | 2154.9 | 2246.4 | 2231.7 | 2294.9 | 2053.5 | 1826.9 |
| 9 | Domestic industries | 1552.9 | 1599.8 | 1657.4 | 1667.8 | 1670.5 | 1740.2 | 1717.2 | 1778.3 | 1580.4 | 1450 |
| 10 | Financial | 423.2 | 419.6 | 414.6 | 415.3 | 460.1 | 472.3 | 466.7 | 482.9 | 444.7 | 484.1 |
| 11 | Federal Reserve banks | 73.7 | 70.5 | 66.9 | 61 | 53 | 56.6 | 50.7 | 49.4 | 68.5 | 64.9 |
| 12 | Other financial2 | 349.5 | 349.1 | 347.6 | 354.3 | 407.1 | 415.8 | 416 | 433.5 | 376.2 | 419.2 |
| 13 | Nonfinancial | 1129.7 | 1180.2 | 1242.8 | 1252.5 | 1210.4 | 1267.8 | 1250.5 | 1295.4 | 1135.7 | 966 |
| 14 | Utilities | 22.7 | 23.3 | 22.3 | 18.6 | 26.2 | 28.2 | 27.1 | 27.3 | 22.5 | --- |
| 15 | Manufacturing | 276.2 | 348.1 | 365.3 | 360.9 | 324.5 | 344.9 | 341 | 335.7 | 302.2 | --- |
| 16 | Durable goods | 147.6 | 183.9 | 187.3 | 164.9 | 188 | 193.1 | 174.2 | 170.1 | 157.8 | --- |
| 17 | Fabricated metal products | 20.7 | 19.3 | 19.7 | 19.6 | 25.7 | 25.3 | 23.9 | 24.2 | 23 | --- |
| 18 | Machinery | 16.6 | 22.3 | 18.8 | 18.3 | 22.9 | 29.6 | 27.1 | 26.1 | 20.9 | --- |
| 19 | Computer and electronic products | 44.5 | 58.2 | 61.3 | 54 | 56.3 | 50.4 | 45.4 | 51.3 | 54.7 | --- |
| 20 | Electrical equipment, appliances, and components | 12.3 | 11.8 | 11.2 | 8.3 | 10.4 | 12 | 12.5 | 10.9 | 7.9 | --- |
| 21 | Motor vehicles, bodies and trailers, and parts | 0 | 0.1 | 5.8 | -2.1 | 1.9 | 2.1 | 0.2 | -2.1 | -1.1 | --- |
| 22 | Other durable goods3 | 53.5 | 72.2 | 70.6 | 66.8 | 70.8 | 73.7 | 65.2 | 59.7 | 52.4 | --- |
| 23 | Nondurable goods | 128.5 | 164.2 | 178 | 196 | 136.6 | 151.8 | 166.8 | 165.6 | 144.4 | --- |
| 24 | Food and beverage and tobacco products | 48.4 | 52.9 | 51.8 | 37.2 | 45.7 | 47.8 | 51.6 | 48 | 50.4 | --- |
| 25 | Petroleum and coal products | 13.8 | 21.3 | 29.6 | 59.2 | 6.2 | 16.2 | 21.7 | 25.8 | 15.9 | --- |
| 26 | Chemical products | 41.6 | 62.4 | 67.1 | 72.5 | 55.9 | 57.2 | 61.3 | 58.8 | 57 | --- |
| 27 | Other nondurable goods4 | 24.7 | 27.7 | 29.6 | 27.1 | 28.8 | 30.6 | 32.2 | 33.1 | 21.2 | --- |
| 28 | Wholesale trade | 111.3 | 94.9 | 103.9 | 112.9 | 103.9 | 110.5 | 113.4 | 117.4 | 108.3 | --- |
| 29 | Retail trade | 149.5 | 137.7 | 157.5 | 141.2 | 155.5 | 165.6 | 166.8 | 184.2 | 167.1 | --- |
| 30 | Transportation and warehousing | 48.5 | 46.6 | 52 | 64.2 | 54.7 | 54.4 | 59.5 | 57 | 37.8 | --- |
| 31 | Information | 134.9 | 143.4 | 144 | 134.6 | 136.2 | 140 | 108.4 | 138.7 | 126.7 | --- |
| 32 | Other nonfinancial5 | 386.7 | 386.2 | 397.8 | 420.1 | 409.4 | 424.3 | 434.3 | 435.1 | 371 | --- |
| 33 | Rest of the world | 536 | 512.7 | 492.5 | 509 | 484.4 | 506.2 | 514.5 | 516.6 | 473.1 | 376.9 |
In: Accounting
Do you think that taking the (Harvard) MBA Oath positively affects the ability of employees to discharge their ethical duties? Is it useful? If so, in what ways? What would you add to the Oath? Is there anything that concerns you, and why?
In: Economics
Does strong Canadian dollar indicate a strong Canadian economy? Explain in words how even if economy is weak in Canada, the Canadian value may appreciate and the opposite?
In: Economics
]
|
A mail-order firm processes 4,800 checks per month. Of these, 60 percent are for $38 and 40 percent are for $70. The $38 checks are delayed three days on average; the $70 checks are delayed four days on average. Assume 30 days in a month. |
| a-1 | What is the average daily collection float? |
| Average daily collection float | $ |
| a-2 | How do you interpret your answer? |
|
On average, there is $ that is (Click to select)collecteduncollected and (Click to select)availablenot available to the firm. |
| b-1 |
What is the weighted average delay? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| Weighted average delay | days |
| b-2 | Calculate the average daily float. |
| Average daily float | $ |
| c. | How much should the firm be willing to pay to eliminate the float? |
| Maximum payment | $ |
| d. |
If the interest rate is 7 percent per year, calculate the daily cost of the float. (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Daily cost of the float | $ |
| e. | How much should the firm be willing to pay to reduce the weighted average float to 1.5 days? |
| Maximum payment | $ |
In: Finance
|
Bank |
Amount in million dollars |
|
Required Reserve |
$45 |
|
Excess Reserve |
$15 |
|
Deposits |
$750 |
|
Loans |
$600 |
|
Treasury Bonds |
$90 |
In: Economics
Derive an expression for the magnitude of the acceleration of the system using Newton’s laws given the presence of kinetic friction
In: Physics
The wheat harvesting season in the American Midwest is short, and farmers deliver their truckloads of wheat to a giant central storage bin within a 2-week span. Because of this, wheat-filled trucks waiting to unload and return to the fields have been known to back up for a block at the receiving bin. The central bin is owned cooperatively, and it is to every farmer's benefit to make the unloading/storage process as efficient as possible. The cost of grain deterioration caused by unloading delays and the cost of truck rental and idle driver time are significant concerns to the cooperative members. Although farmers have difficulty quantifying crop damage, it is easy to assign a waiting and unloading cost for truck and driver of $17 per hour. During the 2-week harvest season, the storage bin is open and operated16 hours per day, 7 days per week, and can unload 34 trucks per hour according to a negative exponential distribution. Full trucks arrive all day long (during the hours the bin is open) at a rate of about 30 per hour, following a Poisson pattern
e) The total daily cost to the farmers of having their trucks tied up in the unloading process = ____ per day (round your response to the nearest whole number).
f) As mentioned, the cooperative uses the storage bin heavily only 2 weeks per year. Farmers estimate that enlarging the bin would cut unloading costs by 50% next year. It will cost $8 comma ____ to do so during the off-season. The one-year net cost/benefit to enlarge the storage area =____ (round your response to the nearest whole number).
In: Math
Pirate Company purchased 60 percent ownership of Ship Corporation on January 1, 20X1, for $82,800. On that date, the noncontrolling interest had a fair value of $55,200 and Ship reported common stock outstanding of $100,000 and retained earnings of $20,000. The full amount of the differential is assigned to land to be used as a future building site. Pirate uses the fully adjusted equity method in accounting for its ownership of Ship. On December 31, 20X2, the trial balances of the two companies are as follows:
| Pirate Company | Ship Corporation | ||||
| Item | Debit | Credit | Debit | Credit | |
| Cash and Accounts Receivable | $ 69,400 | $ 51,200 | |||
| Inventory | 60,000 | 55,000 | |||
| Land | 40,000 | 30,000 | |||
| Buildings & Equipment | 520,000 | 350,000 | |||
| Investment in Ship Corporation | 103,780 | ||||
| Cost of Goods Sold | 99,800 | 61,000 | |||
| Depreciation Expense | 25,000 | 15,000 | |||
| Interest Expense | 6,000 | 14,000 | |||
| Dividends Declared | 40,000 | 10,000 | |||
| Accumulated Depreciation | $175,000 | $ 75,000 | |||
| Accounts Payable | 68,800 | 41,200 | |||
| Bonds Payable | 80,000 | 200,000 | |||
| Bond Premium | 1,200 | ||||
| Common Stock | 200,000 | 100,000 | |||
| Retained Earnings | 227,960 | 50,000 | |||
| Sales | 200,000 | 120,000 | |||
| Income from Ship Corporation | 11,020 | ||||
| $963,980 | $963,980 | $586,200 | $586,200 | ||
Page 289Ship sold inventory costing $25,500 to Pirate for $42,500 in 20X1. Pirate resold 80 percent of the purchase in 20X1 and the remainder in 20X2. Ship sold inventory costing $21,000 to Pirate in 20X2 for $35,000, and Pirate resold 70 percent of it prior to December 31, 20X2. In addition, Pirate sold inventory costing $14,000 to Ship for $28,000 in 20X2, and Ship resold all but $13,000 of its purchase prior to December 31, 20X2.
Assume both companies use straight-line depreciation and that no property, plant, and equipment has been purchased since the acquisition.
Use the data provided after the trial balance in the paragraph in the book. Complete the tables for each inventory transaction and the consolidation entries for the x7 and the x8 inventory transactions.
In: Accounting
When a ball is launched from the ground at a 45° angle to the horizontal, it falls back to the ground 50 m from the launch point. If it is launched at the same speed directly upward, (a)how high does it get? (b)How much longer does it spend in the air
In: Physics
To explore Judaism. Please consider the following aspects:
Describe the Absolute/the Holy/Ultimate Reality (God) in Jewish belief! What names are used for God?
Who is considered to be a Jew? Characterize important groups and their role in Jewish communities.
What is the significance of the land Israel and the Temple?
Please introduce the language and texts sacred to believing Jews.
Explain the importance of the oral and the written Torah
In: Psychology
a. You have just purchased the options listed below. Based on the information given, indicate whether the option is in the money, out of the money, or at the money, whether you would exercise the option if it were expiring today, what the dollar profit would be, and what the percentage return would be. (Enter “0” if there is no profit or return from not exercising the option. Round your answer to 2 decimal places.)
| Company | Option | Strike | Today's Stock Price |
In/Out of the Money? |
Premium | Exercise? | Profit | Return |
| ABC | Call | 10 | $10.26 | (Click to select) In the money Out of the money | 0.98 | (Click to select) Yes No | % | |
| ABC | Put | 10 | $10.26 | (Click to select) In the money Out of the money | 0.83 | (Click to select) Yes No | % | |
| ABC | Call | 25 | $23.93 | (Click to select) In the money Out of the money | 0.93 | (Click to select) Yes No | % | |
| ABC | Put | 25 | $23.93 | (Click to select) In the money Out of the money | 2.13 | (Click to select) Yes No | % | |
b. Now suppose that time has passed and the stocks’ prices have changed as indicated in the table below. Recalculate your answers to part a.
| Company | Option | Strike | Today's Stock Price |
In/Out of the Money? |
Premium | Exercise? | Profit | Return |
| ABC | Call | 10 | $11.23 | (Click to select) In the money Out of the money | 0.98 | (Click to select) Yes No | % | |
| ABC | Put | 10 | $11.23 | (Click to select) In the money Out of the money | 0.83 | (Click to select) Yes No | % | |
| ABC | Call | 25 | $27.00 | (Click to select) In the money Out of the money | 0.93 | (Click to select) Yes No | % | |
| ABC | Put | 25 | $27.00 | (Click to select) In the money Out of the money | 2.13 | (Click to select) Yes No | % | |
In: Finance
Rawls and Nozick agree about which of the following claims:
a) Sometimes it can be wrong to perform the act that maximizes utility overall.
b) It is unjust for the state to tax people’s earnings in order to provide education for all citizens.
c) Departures from an equal distribution of shares are only permissible if it raises the expectation of the least advantaged member of society.
d) Distributive shares should not be influenced by such chance contingencies as accident of birth and good fortune.
e) All of the above are correct.
In: Psychology
The Harrington Corporation is considering investing in a project that will incur an initial investment of $2,000,000.The project has a useful life of 5 years. The project's projected free after tax cash flow is $650,000 per year throughout the life of the projectt. The firm requires a rate of return for similar risk project at 18%. Based on the above information compute the following and determine each criteria f the firm should accept the project.
The NPV
The IRR
Payback period, the firm's minimum acceptable payback period is 3.5 years.
Discounted Payback Period. Minimum acceptable DPP is 4.0 years.
Compute the Profitability Index for the investment. What purpose does Profitability Index serve in capital budgeting processes?
In: Finance
Martinez Company has the following two temporary differences between its income tax expense and income taxes payable.
|
2017 |
2018 |
2019 |
|||||||
| Pretax financial income |
$864,000 |
$917,000 |
$909,000 |
||||||
| Excess depreciation expense on tax return |
(30,400 |
) |
(38,500 |
) |
(9,800 |
) |
|||
| Excess warranty expense in financial income |
19,400 |
10,100 |
8,300 |
||||||
| Taxable income |
$853,000 |
$888,600 |
$907,500 |
||||||
The income tax rate for all years is 40%.
- Assuming there were no temporary differences prior to 2017, prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019.
- Indicate how deferred taxes will be reported on the 2019 balance sheet. Martinez’s product warranty is for 12 months.
- Prepare the income tax expense section of the income statement for 2019, beginning with the line “Pretax financial income."
In: Accounting
Please paraphrase this c code
#include <stdio.h>
#include <stdlib.h>
#include <string.h>
void sortGrades(int arr[], int size, int status, char
names[][20]);
void printer(int grades[], int size, char names[][20]);
void sortNames(char arr[][20], int size, int status, int
grades[]);
void nameSearch(int grades[], int size, char names[][20]);
void numSearch(int grades[], int size, char names[][20]);
int main()
{
int i;
int size;
int option;
do
{
printf("\n\nInput Number of Students or 0 to exit : ");
scanf("%d", &size);
if (size == 0)
{
break;
}
char names[size][20];
int grades[size];
for (i = 0; i < size; i++)
{
printf("\nEnter the Name of Student %d : ", i + 1);
scanf("%s", &names[i]);
printf("Enter the Grades of Student %d : ", i + 1);
scanf("%d", &grades[i]);
}
do
{
printf("\n\nEnter\n1 for sort by Name(A-Z)\n2 for sort by
Name(Z-A)\n3 for sort by Grades(Ascending)\n4 for sort by
Grades(Descending)\n5 for search by Name\n6 for search by Grade's
limit\n0 to re enter data\n");
scanf("%d", &option);
switch (option)
{
case 1:
sortNames(names, size, 1, grades);
printer(grades, size, names);
break;
case 2:
sortNames(names, size, 0, grades);
printer(grades, size, names);
break;
case 3:
sortGrades(grades, size, 0, names);
printer(grades, size, names);
break;
case 4:
sortGrades(grades, size, 1, names);
printer(grades, size, names);
break;
case 5:
nameSearch(grades, size, names);
break;
case 6:
numSearch(grades, size, names);
break;
default:
break;
}
} while (option != 0);
} while (size != 0);
return 0;
}
void sortGrades(int arr[], int size, int status, char
names[][20])
{
int i, j; /*counter*/
int temp;
char temp2[100];
for (j = 0; j < size - 1; j++)
/*outer for loop to repeat to repeat inner loop without the largest
number selected before*/
{
for (i = 0; i < size - 1 - j; i++) /*inner for loop to swap the
largest number to the end*/
if (status == 0)
{
if (arr[i] < arr[i + 1])
{
// swapping using temp
temp = arr[i];
arr[i] = arr[i + 1];
arr[i + 1] = temp;
strcpy(temp2, names[i]);
strcpy(names[i], names[i + 1]);
strcpy(names[i + 1], temp2);
}
}
else
{
if (arr[i] > arr[i + 1])
{
// swapping using temp
temp = arr[i];
arr[i] = arr[i + 1];
arr[i + 1] = temp;
strcpy(temp2, names[i]);
strcpy(names[i], names[i + 1]);
strcpy(names[i + 1], temp2);
}
}
}
}
void sortNames(char arr[][20], int size, int status, int
grades[])
{
int i, j; /*counter*/
char temp[100]; /*temporary value for swap*/
int temp2;
for (j = 0; j < size - 1; j++)
/*outer for loop to repeat to repeat inner loop without the largest
number selected before*/
{
for (i = 0; i < size - 1 - j; i++) /*inner for loop to swap the
largest number to the end*/
if (status == 0)
{
if (strcmp(arr[i], arr[i + 1]) < 0)
{
// swapping using temp
strcpy(temp, arr[i]);
strcpy(arr[i], arr[i + 1]);
strcpy(arr[i + 1], temp);
temp2 = grades[i];
grades[i] = grades[i + 1];
grades[i + 1] = temp2;
}
}
else
{
if (strcmp(arr[i], arr[i + 1]) > 0)
{
// swapping using temp
strcpy(temp, arr[i]);
strcpy(arr[i], arr[i + 1]);
strcpy(arr[i + 1], temp);
temp2 = grades[i];
grades[i] = grades[i + 1];
grades[i + 1] = temp2;
}
}
}
}
void nameSearch(int grades[], int size, char names[][20])
{
int i;
char key[20];
int fail = 0;
printf("\nInput a Name that you want to find : ");
scanf("%s", &key);
for (i = 0; i < size; i++)
{
if (strcmp(names[i], key) == 0)
{
printf("\nMatch Found\nName : %s\nGrade : %d\nIndex Number : %d",
names[i], grades[i], i);
fail++;
}
}
if (fail == 0)
{
printf("\nMatch NOT Found");
}
}
void numSearch(int grades[], int size, char names[][20])
{
int j; /*counter*/
int key, condition, option;
printf("Enter a grade as limit/pivot to filter data : ");
scanf("%d", &key);
printf("Enter condition:\n1 for Greater than %d\n2 for Less than
%d\n", key, key);
scanf("%d", &option);
printf(" Name");
printf(" grades\n");
for (j = 0; j < size; j++)
{
switch (option)
{
case 1:
if (grades[j] > key)
{
printf("%10s", names[j]);
printf("%10d\n", grades[j]);
}
break;
case 2:
if (grades[j] < key)
{
printf("%10s", names[j]);
printf("%10d\n", grades[j]);
}
break;
default:
break;
}
}
}
void printer(int grades[], int size, char names[][20])
{
int j; /*counter*/
printf(" Name");
printf(" grades\n");
for (j = 0; j < size; j++)
{
printf("%10s", names[j]);
printf("%10d\n", grades[j]);
} /* for loop to print all of reversed array content*/
}
In: Computer Science