Springer Anderson Gymnastics prepared its annual financial statements dated December 31. The company reported its inventory using the LIFO inventory costing method but did not compare the cost of its ending inventory to its market value (replacement cost). The preliminary income statement follows: Sales Revenue $ 140,000 Cost of Goods Sold Beginning Inventory $ 15,000 Purchases 91,000 Goods Available for Sale 106,000 Ending Inventory 22,000 Cost of Goods Sold 84,000 Gross Profit 56,000 Operating Expenses 31,000 Income from Operations 25,000 Income Tax Expense (30%) 7,500 Net Income $ 17,500 Assume that you have been asked to restate the financial statements to incorporate the LCM/NRV rule. You have developed the following data relating to the ending inventory: Purchase Cost Item Quantity Per Unit Total Replacement Cost per Unit A 1,500 $ 3 $ 4,500 $ 4 B 750 4 3,000 2 C 3,500 2 7,000 1 D 1,500 5 7,500 3 $ 22,000 Required: Restate the income statement to reflect LCM/NRV valuation of the ending inventory. Apply LCM/NRV on an item-by-item basis. Compare the LCM/NRV effect on each amount that was changed in the preliminary income statement in requirement 1.

Lake Sales needs a sales volume of at least $2,033,333.33 to yield an operating profit of $240,000. This calculation was reached by first identifying the company's fixed costs and then using this information along with the contribution margin ratio and desired operating profit to find the required sales volume.

The question first requires us to understand the definition of contribution margin ratio. It is defined as the profit per item or unit sold after variable costs are deducted from the sales price, shown as a percentage. In this case, the contribution margin ratio is 30% which means that 30% of each dollar in sales is contributing to cover the fixed costs and the remaining to profit.

Given that Lake Sales had operating profits of $180,000 on sales of $2,200,000, we can first find the fixed costs. Fixed costs can be calculated as sales - (sales * contribution margin ratio) - operating profits, which equates to $2,200,000 - (0.3 * $2,200,000) - $180,000 = $370,000.

Knowing this, we can calculate the sales volume required to reach a certain operating profit. The formula is Fixed costs + Desired operating profit / Contribution margin ratio, substituting gives us the required sales volume as ($370,000 + $240,000) / 0.3 = $2,033,333.33. Therefore, Lake Sales would need a sales volume of at least $2,033,333.33 to yield an operating profit of $240,000.

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To calculate the yield to maturity and yield to call of Thatcher Corporation's bonds, we need to use the present value formula. YTM refers to the rate of return an investor will earn if they hold the bond until it matures, while YTC calculates the rate of return if the bond is called by the issuer.

To calculate the yield to maturity (YTM) and yield to call (YTC) of Thatcher Corporation's bonds, we need to use the present value formula. YTM refers to the rate of return an investor will earn if they hold the bond until it matures and receive all the coupon payments as well as the face value of the bond. YTC, on the other hand, calculates the rate of return if the bond is called by the issuer.

The formula to calculate the present value of the bond is:

PV = (C/r) * (1 - (1+r)^(-n)) + (F/(1+r)^n)

Where:

By plugging in the given values, we can solve for YTM and YTC.

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The YTM is approximately 6.68% annually, and the YTC is approximately 5.78% annually.

Thatcher Corporation's bonds will mature in 10 years, have a face value of $1,000, an 8% coupon rate paid semiannually, and a current price of $1,100. The bonds are callable in 5 years at a call price of $1,050.

Calculating Yield to Maturity (YTM)

The formula for yield to maturity involves solving for the interest rate that equates the present value of all future cash flows from the bond (coupon payments and face value) to the current price of the bond.

The semiannual coupon payment is $40 ($1,000 × 8% / 2). Let's denote the number of periods (N) as 20 (10 years × 2) and the current bond price as $1,100. The yield to maturity must be calculated iteratively or using a financial calculator:

Calculating Yield to Call (YTC)

For the yield to call, we must find the rate that matches the present value of the bond being called in 5 years:

YTC ≈ 2.89% per semiannual period, meaning the YTC is approximately 5.78% annually.

Answer:

the company’s cost of preferred stock is 10.53%.

Explanation:

given information:

perpetual preferred stock = $57.00

a constant annual dividend = $6.00

to determine the company’s cost of preferred stock we can use the following formula

[tex]cost of preferred stock = \frac{ annual dividend}{preferred stock}[/tex]

                                   [tex]= \frac{6.00}{57.00}[/tex]

                                   [tex]=10.53[/tex]%

therefore, the company’s cost of preferred stock is 10.53%.

Answer:

The solution to the given problem is done in excel and an image of the solution is attached.

What is the bond's yield to maturity?

10.35%

What is the bond's yield to call?

10.13%

please find the attached for the solution

Answer and Explanation:

A. Price elasticity of demand

Price(P0) = $80 , Q0 = 20

Price(P1) = $100 , Q1 = 18

Price elasticity of demand =

[tex]\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\\\frac{\frac{18-20}{\frac{18+20}{2} } }{\frac{100-80}{\frac{100+80}{2} } }\\\\\frac{\frac{-2}{\frac{38}{2} } }{\frac{20}{\frac{180}{2} } }\\\\\frac{\frac{-2}{19} }{\frac{20}{90} } }\\\\-0.47[/tex]

Price elasticity of demand = 0.47

B. Price elasticity of supply

Price(P0) = $80 , Q0 = 16

Price(P1) = $100 , Q1 = 18

Price elasticity of supply =

[tex]\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\\\frac{\frac{18-16}{\frac{18+16}{2} } }{\frac{100-80}{\frac{100+80}{2} } }\\\\\frac{\frac{2}{\frac{34}{2} } }{\frac{20}{\frac{180}{2} } }\\\\\frac{\frac{2}{17} }{\frac{20}{90} } }\\\\0.53[/tex]

Price elasticity of supply = 0.53

C. The point , where Demand and supply is equal called equilibrium price

So , $100 is equilibrium price.

D. if market price is less then equilibrium price , it is effective So, shortage (20-16) 4 units

a. The price elasticity of demand when the price is $80 is -0.4 and when the price is $100 is -0.08. b. The price elasticity of supply when the price is $80 and $100 is 0.5. c. The equilibrium price and quantity can be determined from the graph by identifying the point at which the demand and supply curves intersect, and from the table by finding the price where the quantity demanded equals the quantity supplied.

a. To calculate the price elasticity of demand, we use the formula:

Elasticity of Demand = (% Change in Quantity Demanded) / (% Change in Price)

Using the given information, at a price of $80, the quantity demanded is 20 million and at a price of $100, the quantity demanded is 18 million. The % change in quantity demanded is -10% and the % change in price is 25%. Plugging these values into the formula, we get:

Elasticity of Demand ($80) = (-10%) / (25%) = -0.4

Elasticity of Demand ($100) = (-2%) / (25%) = -0.08

b. To calculate the price elasticity of supply, we use the same formula:

Elasticity of Supply = (% Change in Quantity Supplied) / (% Change in Price)

Using the given information, at a price of $80, the quantity supplied is 16 million and at a price of $100, the quantity supplied is 18 million. The % change in quantity supplied is 12.5% and the % change in price is 25%. Plugging these values into the formula, we get:

Elasticity of Supply ($80) = (12.5%) / (25%) = 0.5

Elasticity of Supply ($100) = (12.5%) / (25%) = 0.5

c. The equilibrium price and quantity can be determined from the graph by identifying the point at which the demand and supply curves intersect. This represents the point where the quantity demanded equals the quantity supplied, and thus the market is in equilibrium. From the table, we can determine the equilibrium price and quantity by finding the price where the quantity demanded equals the quantity supplied.

d. To determine the quantities demanded and supplied at a price of $120, we can use the table. At a price of $120, the quantity demanded is 16 million and the quantity supplied is 20 million. Since the quantity demanded is less than the quantity supplied, there will be a surplus. The size of the surplus is the difference between the quantity supplied and the quantity demanded, which is 20 - 16 = 4 million.

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Answer:

a) 0.97 b) 0.9991 c) 0.008518

Explanation:

a) for the computer to work all modules must work so the lowest probsabiltiy of any one of the modules will determine the reliability of the computer.

b) Probabiltiy that 1st computer works+ Probability that 1st computer fails × Probability that back-up works

= 0.97+ 0.97×0.03

=0.9991

c) Probabiltiy that 1st computer works+ Probability that 1st computer fails× Probability that switch works× Probability that back-up computer works

=0.97+0.03×0.98×0.97

=0.998518

The system's reliability is calculated by multiplying the reliabilities of each module in the system. The reliability of a backup computer is calculated by considering the likelihood of one or the other working. If a switch is included, its reliability is considered as a component in a series system with the backup computer.

This question pertains to system reliability. In essence, you are dealing with a series-parallel system. For a. the first step is to compute the reliability of the computer. To do this, simply multiply the reliabilities of each module together because for a system to be reliable, all the modules must work:

Reliability = 0.97 * 0.97 * 0.99 = 0.931129

For b. knowing that the backup system will step in if the first computer fails, the total system reliability is the probability that either the first computer works, or it doesn’t, but then the backup works. The reliability of either the primary or backup computer working is calculated by:

R = 1 - (1 - R_primary) * (1 - R_backup)

This is a simple equation derived from probability theory and we can plug in the computed reliability from part a.:

R = 1 - (1 - 0.931129) * (1 - 0.931129) = 0.996122

For c. if there's a switch to activate the backup, both the switch and the backup computer must function. This is another series system, so you'll multiply them together to get the overall reliability:

Overall reliability = 0.98 * 0.996122 = 0.97636

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Answer:

Equity REITs

Explanation:

In an event of financial assets like when the stocks and bonds are not doing well, "hard" assets such as real estate and artwork tend to do better (since investors reallocate their investments away from financial assets into housing, etc.) A way that investors can participate in this is by investing in equity REITs. Since equity REITs own real estate, the share price movement of the REIT parallels the value of the real estate owned. Mortgage REITs invest in mortgages (essentially the same as investing in a bond) and thus are not the best choice when interest rates are low, since the yield is meager. And, if market interest rates rise, the value of the mortgages held drops. The same would be true for investments in mortgage bonds and Fannie Mae Pass-Through certificates.

Answer:

It is  better to receive the $500,000 now.

Explanation:

Giving the following information:

Option 1:

Receive $500,000 today.

Option 2:

Three annual payments of $100,000, $200,000 and $300,000 at the end of each year.

Annual interest of 9%.

There are two different ways of determining which option is the best. We can calculate the present value of the three payments and compare them to $500,000, or calculate the final value at an interest rate of 9% compounded annually.

Present value:

PV= FV/(1+i)^n

The present value of the second option:

PV= 300,000/1.09^3 + 200,000/1.09^2 + 100,000/1.09= $491,734.17

Final value:

FV= PV*(1+i)^n

Option 1:

FV= 500,000*(1.09)^3= $647,514.5

Option 2:

FV= 100,000*1.09^2 + 200,000*1.09 + 300,000= $636,810

In both ways, option 1 is better.

Answer:

c. producers

Explanation:

Since it is given in the question that the price elasticity of demand is relatively elastic but the price elastic of supply is relatively inelastic but if the excise tax is imposed on the goods so the greater burden of the tax would be on the producers as the supply is inelastic so the producers could not changed much but if we compare to the consumers, the consumer could change the demand more than before due to the elastic in demand.

So, the correct option is c.  

Answer:

The answer is b as he should order 1045 copies to maximize his profits.

Explanation:

As

[tex]CR=\frac{C_{u} }{C_{o}+C_{u} }[/tex]

So,

Given :

[tex]C_{o} =20-14=6[/tex]

[tex]C_{u} =28-20=8[/tex]

Thus

[tex]CR=\frac{8 }{6+8 }[/tex]

     [tex]=57.14\%[/tex]

thus      [tex]Q^{*} =Norm.inu(0.5714,1000,250)[/tex]

                 [tex]=1045.0032[/tex]

                  ≈ [tex]1045[/tex]

Which is option b.

Using the Newsvendor model, Dan should order 1045 copies of the book to maximize expected profit.  thus the correct answer is b.

To determine the optimal number of copies Dan should order to maximize expected profit, we use the Newsvendor model. The critical ratio in this model helps in finding the order quantity that balances the cost of understocking and overstocking.

Step 1: Calculate the overstocking cost (Co) and understocking cost (Cu).

Step 2: Find the critical ratio (CR): CR = Cu / (Co + Cu) = $8 / ($6 + $8) = $8 / $14 = 0.5714

Step 3: Use the critical ratio to find the Z-score corresponding to 0.5714, which is approximately 0.19.

Step 4: Calculate the optimal order quantity (Q*) using the Z-score, mean, and standard deviation of the demand distribution:

Since we cannot order a fraction of a book, we'll round to the nearest whole number, 1048. However, the closest option given is 1045.

Therefore, Dan should order 1045 copies to maximize his expected profit.

Answer:

a. All of the answers are correct

Explanation:

Typical quality improvements include electronic defect detection which will bring about efficiency in the service delivery to the customers, alteration of organizational architecture to increase local responsiveness to customer needs, purchase of robotic manufacturing systems which will more efficiency to the work being done in the organization and product redesign to meet the needs of the customers

For a merchandise worth $4,000, purchased on credit terms of 2/10, n/30, the buyer records the purchase by debiting Purchases and crediting Accounts Payable by $4,000. When payment is made within 10 days, the Accounts Payable is debited by $4,000 against a credit (decrease in cash) of $3,920 (net of discount) and a credit to Purchase Discounts for $80 (2% of $4,000).

Given the scenario, the buyer purchased $4,000 worth of merchandise and paid it fully within the discount period (10 days). This qualifies the buyer for a discount of 2% as per the credit term 2/10, n/30 which stands for a 2% discount if payment is made within 10 days, otherwise, the net payment is due within 30 days. The discount amounts to $80 ($4,000*2%).

The buyer needs to make two separate journal entries: one for the merchandise purchase and one for the payment. Here's how to record the journal entries:

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Answer:

The equivalent units for direct materials are 43,240.

Explanation:

Given:

During a​ period, 40,200 units were completed and​ 3,200 units were in ending WIP Inventory. Ending WIP was​ 95% complete for direct materials.

Now, to find the equivalent units for direct​ materials.

Complete units = 40,200.

Ending WIP (work in progress) Inventory = 3,200.

As, ending WIP was​ 95% complete for direct materials.

Thus, ending WIP Inventory = 95% of 3,200.

= [tex]\frac{95}{100} \times 3,200[/tex]

[tex]=0.95\times 3,200[/tex]

[tex]=\$3,040.[/tex]

Now, to get the equivalent units for direct​ materials by adding complete units and ending WIP Inventory:

[tex]Complete\ units\ +\ ending\ WIP\ Inventory[/tex]

[tex]=40,200+3,040[/tex]

[tex]=43,240.[/tex]

Therefore, the equivalent units for direct materials are 43,240.

Final answer:

The equivalent units for direct materials are calculated by adding the fully completed units with the percentage completion of the ending WIP inventory. In this case, with 40,200 units completed and 3,200 units 95% complete for direct materials, the equivalent units for direct materials would be 43,240 units.

Explanation:

To calculate the equivalent units for direct materials, we need to take into account both the units that were completed during the period as well as the units that were in the ending Work-In-Process (WIP) Inventory. The completed units are already 100% complete, so all of those units count towards the equivalent units for direct materials. For the ending WIP inventory, since they are 95% complete for direct materials, we only count 95% of those units.

The formula to calculate the equivalent units for direct materials is as follows:
Equivalent Units for Direct Materials = (Units Completed) + (% Complete of direct materials for Ending WIP Inventory * Units in Ending WIP Inventory).

Using the numbers given:
Equivalent Units for Direct Materials = 40,200 + (0.95 * 3,200).

We then perform the calculation:
Equivalent Units for Direct Materials = 40,200 + 3,040 = 43,240 equivalent units for direct materials.

Explanation:

The closing entries for the following accounts are shown below:

1. Sales Revenue A/c Dr XXXXX

              To Income Summary XXXXX

(Being revenue account closed)

2. Income summary A/c Dr XXXXX

                 To Expenses A/c XXXXX

(Being expenses accounts are closed)

3. Income summary A/c Dr XXXXX

             To Owner capital XXXXX

(Being the difference is recorded)

4. Owner capital XXXXX

         To Owner Drawing XXXXX

(Being the drawing account is closed)

Answer:

Buy ABC @ $47 Stop GTC

Explanation:

Since he expects  a breakout through the resistance, that means above $46.

The order to be placed is a pending order, since he places the trade in anticipation of price break above. The type of pending order will be a Buy stop order.

See the attached diagram for clear explanation

Answer:

b) the period for retention could be up to 8 years depending upon the circumstances.

Explanation:

Retention of payroll documents is an extremely important practice within a company. This is because it is registered evidence of all monetary movements related to employees, in addition to paying all fees, expenses and taxes, which prove that the company is in compliance with labor rights.

Because of this importance, Twinte Cars decided to keep these documents for 3 years, however, Twinte Cars signed a contract with a company that requires these documents to be kept for 6 years. To balance the requirements between the two companies, Twinte Cars must modify its policy and establish that the retention period can be up to 8 years, depending on the circumstances.

Complete question:

Your firm is a U.K.-based importer of bicycles. You have placed an order with an Italian firm for €1,000,000 worth of bicycles. Payment (in euro) is due in 12 months. Detail a strategy using futures contracts that will hedge your exchange rate risk. Have an estimate of how many contracts of what type and maturity

A. Go short 100 12-month euro futures contracts; and short 80 12-month pound futures contracts.

B. Go long 100 12-month euro futures contracts; and long 80 12-month pound futures contracts.

C.Go long 100 12-month euro futures contracts; and short 80 12-month pound futures contracts.

D. Go short 100 12-month euro futures contracts; and long 80 12-month pound futures contracts.E. None of the above

Answer:

Go short 100 , 12-month euro futures contracts; and long 80, 12-month pound futures contracts. Option c is correct.

Explanation:

Buy €1m (a long position) forward using futures contracts, at the 12-month forward rate of $1.60 per €1 pay

$1,600,000 = €1,000,000 ×$1.60/€1.

At the 12-month forward rate of $2/≤this is worth ≤800,000.

Go short pound futures contracts.

so , Go long 100 12-month euro futures contracts; and short 80 12-month pound futures contracts.

Answer:

The double for the impairment  is given below

Dr Impairment loss expense(income statement) $3,328,000

Cr Accumulated depreciation                                                    $3,328,000

Explanation:

An asset is impaired if its carrying value(net book value) is higher than its recoverable  amount.

Recoverable amount is the higher of fair value less costs to sell and value in use.

First of all, identifying the figures above individually would be a good starting point to calculating the impairment on the equipment.

Carrying value is $8320000 (cost less accumulated depreciation to date)

Recoverable amount  under IAS 36 is the higher of fair value less costs of disposal and value in use

However,the calculation of impairment under U.S GAAP ,requires that the asset carrying amount is compared to fair value of the asset, as a result impairment is $3,328,000 ($8,320,000-$4,992,000)

Under IFRS the credit is posted directly to equipment account in the balance sheet

No entry is required to record the impairment of the asset at December 31, 2017.

An impairment loss is recognized when the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs of disposal and its value in use. In this scenario, the fair value of the equipment is $4,992,000, which is less than its carrying amount of $8,320,000 ($9,360,000 - $1,040,000).

Since the fair value is less than the carrying amount, an impairment loss should be recognized. However, because the question states that Vaughn will continue to use the asset in the future, impairment accounting rules dictate that the impairment loss is not recognized as long as the asset is expected to generate sufficient future cash flows to recover its carrying amount. Therefore, no entry is required at December 31, 2017.

Answer:

Total cost= $190,000

Explanation:

Giving the following information:

Total manufacturing costs are $170,000 when 20,000 packages are produced.

The total variable costs are $80,000 at 20,000 units.

First, we need to determine the unitary variable cost and total fixed costs.

Unitary variable cost= total variable cost/ number of units

Unitary variable cost= 80,000/20,000= $4 per unit

Total fixed costs= total cost - total variable cost

Total fixed costs= 170,000 - 80,000= $90,000

Now, we need to determine the total cost of 25,000 units.

Total cost= 90,000 + 4*25,000= $190,000

Answer:

Target customers and products

Explanation:

Businesses should be developed in the future along the line of its target customers and also in consideration of the type of products it produces. the main aim of every business is to meet and solve the needs of its target customers and its development should as well be tailored to always fulfill the need of its target customers.

Business are not developed based on specifics related to the supplier because the suppliers are not the end users of the project but the target customers are.

Answer: Yes

Explanation:

The $785,000 was material because it meets both the quantitative and qualitative factors for materiality. Quantitatively, it is more than 10% of the net income of the company ($7.7million) and qualitatively, it showed a relaxed attitude of management towards accounting misstatements.

Some factors other than quantitative considerations that can be used to determine the materiality of the amount in question are:

Answer:

The correct answer is letter "D": willingness to supply a larger quantity than before at any given price.

Explanation:

As a result of an increase in productivity as a result of introducing new technology, a company will be able to supply more units to the market. The price will vary according to supply and demand flows and the investment needed for the introduction and maintenance of the new technology.

Increases in productivity can be caused by technological progress, capital investment or human capital development.

Answer:

(1) 142.37;  2.56 days

(2) 9.93; 36.76 days

(3) 107.52; 3.39 days

Explanation:

(1) For WalCo,

Average accounts receivables:

= (Opening AR + Closing AR) ÷ 2

= ($1,735 + $2,682) ÷ 2

= 2,208.5

Receivables turnover ratio:

= Net Sales ÷ Average accounts receivable

= $314,427 ÷ 2,208.5

= 142.37

Average collection period:

= 365 ÷ Receivables turnover ratio

= 365 ÷ 142.37

= 2.56 days

(2) For TarMart,

Average accounts receivables:

= (Opening AR + Closing AR) ÷ 2

= ($5,766 + $6,294) ÷ 2

= 6,030

Receivables turnover ratio:

= Net Sales ÷ Average accounts receivable

= $59,878 ÷ 6,030

= 9.93

Average collection period:

= 365 ÷ Receivables turnover ratio

= 365 ÷ 9.93

= 36.76 days

(3)  For CostGet,

Average accounts receivables:

= (Opening AR + Closing AR) ÷ 2

= ($549 + $585) ÷ 2

= 567

Receivables turnover ratio:

= Net Sales ÷ Average accounts receivable

= $60,963 ÷ 567

= 107.52

Average collection period:

= 365 ÷ Receivables turnover ratio

= 365 ÷ 107.52

= 3.39 days

Answer:

a. they distribute scarce goods to those consumers who value them most highly.

Explanation:

Price of a commodity is the amount a manufacturer or producer is willing to sell goods and services.

Attaching a price to a commodity is the easiest way to efficiently distribute scarce goods to the consumers that are in dire need of them.

Answer and Explanation:

Computation:

                              Cost-to-cost method                    

Year      Cost        cost(%)     Revenue       Income    

2016   $202,500 30%        $270,000      $67,500

2017   $337,500 50%        $450,000      $112,500

2018   $135,000 20%        $180,000       $45,000    

Total   $675,000    100%      $900,000      $225,000

Cost % = Cost of particular year / Total cost

Revenue:

Year 2016 =$900,000 × 30% = $270,000

Year 2017 = $900,000 × 50% = $450,000

Year 2018 = $900,000 × 20% = $180,000.

Income:

= Revenue - Cost

 Year 2016 = $270,000 - $202,500

Year 2017 = $450,000  - $337,500

Year 2018 = $180,000 - $135,000

Final answer:

To calculate revenues, expenses, and income under the cost-to-cost method, we ascertain the percent completed each year to determine the respective revenue to be recognized. This percentage is applied to the total contract price, with the revenue minus the actual costs for each year providing the income.

Explanation:

To compute revenues, expenses, and income for Camden Corporation under the cost-to-cost method, we first add up all the actual costs to determine the percentage of completion each year and apply it to the total contract price. This way, we can figure out how much revenue to recognize each year.

Repeat these steps for the subsequent years:

For all three years combined:

Answer:

pro forma Balance sheet

                             old increased

assets    

non current assets   37800 43470

net PPE                   37800 43470

Current assets   15400 17710

Inventory          9000 10350

Accounts receivable  3900 4485

cash                      2500  2875

total assets           53200 61180

Equity & Liabilities    

common stock    15000 15000

retained earnings   6800 13930

total                           21800 28930

Liabilities    

long term debt   24000 24000

Current liabilities   7400 7760

Accounts payable   2400 2760

notes payable   5000 5000

total                             53200 60690

EFN = 61180 - 60690 = 490

PAYOUT RATIO = dividends / net income

additions to retained earnings = net income less dividends

Explanation

Retained earnings = old retained earnings plus additions to retained earnings = 6800 + 7130 =13930

Missing parts of the Question

Consider the following income statement for the Heir Jordan Corporation:

HEIR JORDAN CORPORATION

Income Statement

 Sales     $ 48,500  

 Costs      34,500  

 Taxable income     $ 14,000  

 Taxes (35%)      4,900  

 Net income     $ 9,100  

     Dividends $ 2,900      

     Addition to retained earnings  6,200      

The balance sheet for the Heir Jordan Corporation follows.

HEIR JORDAN CORPORATION

Balance Sheet

Assets  Liabilities and Owners’ Equity  

 Current assets      Current liabilities    

   Cash $ 2,500      Accounts payable $ 2,400  

   Accounts receivable  3,900      Notes payable  5,000  

   Inventory  9,000        Total $ 7,400  

     Total $ 15,400    Long-term debt $ 24,000  

 Owners’ equity    

 Fixed assets        Common stock and paid-in surplus $ 15,000  

   Net plant and equipment $ 37,800      Retained earnings  6,800  

     Total $ 21,800  

 Total assets $ 53,200    Total liabilities and owners’ equity $ 53,200  

1.Prepare a pro forma balance sheet, assuming a 10 percent increase in sales, no new external debt or equity financing, and a constant payout ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

2.Calculate the EFN. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answer:

$3,41,70,000

Explanation:

Data provided as per the question below:-

Net sale Value of land = $1,10,00,000

Cost of grading of land = $9,70,000

Cost of building = $2,22,00,000

The computation of cash flow amount is shown below:-

Relevant cash flows = Net sale Value of land + Cost of grading of land + Cost of building

= $11,000,000 + $9,70,000  +  $2,22,00,000

= $3,41,70,000

I would initially apologize for the violations that are found in the hospital. Although this might not necessarily be my jurisdiction, I would still feel bad if the hospital did not operate as it should.

I would then proceed to name some examples of HIPAA violations. This would be:

HIPAA violations can occur through unauthorized disclosure of patient information, failure to implement proper privacy measures, and lack of consent for using patient health information.

HIPAA violations can occur in various ways. For example, if a healthcare provider discloses a patient's diagnosis to someone who is not authorized to receive that information, it would be a violation. Additionally, if a healthcare organization fails to implement strong privacy and security measures to protect patient records, it would constitute a HIPAA violation. Another example is if a healthcare provider fails to obtain proper consent before using or disclosing a patient's health information.

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Answer:

Do not have enough data

Explanation:

It depends on the proportion of the variable and fixed costs. We need more data such as the selling price and the exact variable and fixed costs n order to comment on this proposed idea.

Solution and explanantion:

Answer A  

The Relevant cost of special order  

Direct material         6  

Direct Labor              4  

Overhead (9*2/3)           6  

Shipping Cost          2  

Total cost                 18  

Add: Profit Increase in operating Income 3  

Therefore, the Price to be charged 21    

Answer B  

The relevant total cost (18*30000)                 540000  

The loss of contribution magin (28-18)*30000 300000  

The desired Increase in operating Income           60000  

The total price                                                  900000  

The No.of Units                                                     30000  

Therefore, the Price to be charged per unit 30