This can be displayed on a time line: | | | | | $P | $400,000 | | | | | | 0 | 90 | 180 | 270 | | | | | | | | | P | = | price | = | unknown | | S | = | Maturity value | = | $400,000 | | r | = | Simple interest rate (decimal) | = | 9.16 | 100 | | = | 0.0916 | | t | = | Time period (years) | = | 90 | 365 | | = | 0.24657534... years. | | The step-by-step calculation is: P | = | S(1 + rt)-1 | | = | 400,000(1 + 0.0916 x 0.24657534...)-1 | | = | 400,000 x 0.97791257...
(1983). Elliotts Inc. v. Commissioner. Retrieved October 9, 2010, from www.bvresources.com/BVWireCentral/Material/BVWire52-4/Elliots.pdf+ELLIOTTS+CASE&hl=en&gl=ke&pid=bl&srcid=ADGEESgBbJ3e8oifazpEIV7y7dOZwZ-YxLwZ6wO6svMZKPubg3_-Jh-b8boKReI1BeB-WnWcTglvTOvNdyKCfC9YOPchp2Y IRC Section 4958. (2010). Retrieved October 10, 2010, from http://www.sharinglaw.net/npo/section_4958.htm IRS Press.
5) Information about Clearwater Company's direct materials cost follows: Standard price per materials ounce $ 100 Actual quantity used 8,700 grams Standard quantity allowed for production 9,100 grams Price variance $ 76,125 F ________________________________________ Required: What was the actual purchase price per gram? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Actual purchase price $ 91.25 Total grade: 0.0×1/1 = 0% Feedback: Actual Costs = AP × 8,700 Actual Inputs at Standard Price = $100 × 8,700 =$870,000 Price Variance = $76,125 F 8,700 × AP = $870,000 – $76,125 AP = $91.25 ________________________________________ Question 3: Score
2010 Current Asset = 145,089 2010 Current Liabilities = 89,435 2011 Current Ratio = 147,800 / 90,283 = 1.637 = 1.64:1 2010 Current Ratio = 145,089 / 89,435 = 1.622 = 1.62:1 Acid-test or quick ratio (Deduct the Prepaid expense & supplies from current asset) 2011 Current Asset is 147,800 minus 2011 Prepaid Expenses & Supplies is 6,267 = 141,533 2011 Current Liabilities = 90,283 2010 Current Asset is 145,089 minus 2010 Prepaid Expenses & Supplies is 5,529 = 139,560 2010 Current Liabilities = 89,435 2011 Acid-test or quick ratio = 141,533 / 90,283 = 1.56 = 1.6 2010 Acid-test or quick ratio = 139,560 / 89,435 = 1.56 = 1.6 Inventory turnover 2011 Revenue = 1,109,295 2011 Operating Income from Continuing Operations = $94,520 2010 Revenue = 969,240 2010 Operating Income from Continuing Operations = $89,199 2011 Inventory turnover = 1,109,295/94,520 = 11.74 2010 Inventory turnover = 969,240/89,199 = 10.87 Profitability Ratios Profit Margin 2010 Net Income= $55,508 2010 Total Operating Expenses= $880,041 2011 Net Income= $59,167 2011 Total Operating Expenses= $1,014,775 2010 Profit Margin = $55,508/$880,041= 6.3% 2011 Profit Margin = $59,167/$1,014,775= 5.8% Return on Stockholders’
Groetzinger, 480 U.S. 23 (1987). Retrieved September 25, 2010 from http://supreme.justia.com/us/480/23/” “Internal Revenue Code Section 165(d). Retrieved September 25, 2010 from http://www.taxalmanac.org/index.php/Sec._165” “McClanahan v. United States, 292 F2d 630, 631-32 (5th Cir 1961). Retrieved September 25, 2010 from http://www.publications.ojd.state.or.us/TCMD060008D.htm” “Section 62(a)(1). Retrieved September 25, 2010 from http://www.law.cornell.edu/uscode/26/usc_sec_26_00000062----000-.html” “Section 162(a).
of penny | wt. of Zn(OH)2 | 0.1751 g | 27.4610 g | 18.0 mL | 30.22 g | 0.0604 g | 5.5839 g | 5.58 g Zn(OH)2 | 1 mol Zn(OH)2 | 1 mol ZnCl2 | 135 g ZnCl2= | 7.61 g
Return on common stockholders’ equity $29,946,992 - (2430872-15801332) / 200,000 = 82.9% * Solvency ratios 9. Debt to total assets $7,628,563 / 34,825,498 = 22% 10. Times interest earned 3,272,314 / 121,533 = 26.9 Riordan Manufacturing, Inc. Horizontal Analysis for the Balance Sheet Increase or (Decrease) 2010($) 2009($) Amount % Assets Cash $2,807,029 $1,511,253 $1,295,776* 46.1%* Account Receivables $2,695,342 $2,644,307 $51,035 1.9% Current Portion of Note Receivable $102,976 $117,475 ($14,499) (14.1%) Inventory $8,517,203 $7,123,790 $1,393,413 16.4% Deferred Income Taxes – net $0 $0 $0 0% Pre-Paid Expenses and other Items $402,240 $458,875 ($56,635) (14.1%) Total Current Assets $14,524,790 $11,855,700 $2,669,090 18.4% Liabilities Current Liabilities Current Portion of Long-Term Debt $474,032 $484,894 ($10,862) (2.3%) Accounts Payable $1,391,385 $1,636,923 ($245,538) (17.6%) Accrued
72 PSATP = P part(O2) + P part(CO2) + P part(N2) P part(N2) = PSATP - P part(O2) - P part(CO2) P part(N2) = 101.3 kPa – 79 kPa – 0.75 kPa = 21.55 kPa Answer: P part(N2) = 21.55 kPa 73 PV=nRT n = PV/RT P = 2500 kPa V = 12 L R = 8.314 J/mol*K T = 22 + 273.15 = 295.15 K n = (2500000*12*10-3m3)/ (8.314 J/mol*K*295.15 K) = 12.22 mol. Answer: n = 12.22 mol. 74 C3H8 + 4O2 => 3CO2 + 2H2O n (O2) = 3.5 mol * 4 = 14 mol PV = nRT V(O2) = nRT/P V(O2) = (14 mol * 8.314 J/mol*K *(28 + 273.15) K) / 1.013 * 105 Pa V(O2) = 0.3311 m3 = 331.1 L Answer: V(O2) = 331.1 L 75 PV=nRT n = PV/RT n = (1.013*105 Pa * 65 * 10-3 m3) / (8.314 J/mol*K * 298 K) = 2.65 mol Answer: n = 2.65 mol 76 PV=nRT n = PV/RT n = (1.013*105 Pa * 7.5 * 10-3 m3) / (8.314 J/mol*K * 298 K)
Net working capital | Year 1 | Year 2 | Year 3 | Year 4 | | Inventory | 1,5 | 1,5 | 1,5 | | All in millions | receivables | 16,5 | 12,45 | 8,25 | | | payables | 1,6 | 1,6 | 1 | | | NWC(=Inventory+receivables-payables) | 16,4 | 12,35 | 8,75 | | | Change in NWC | 16,4 | -4,05 | -3,6 | -8,75 | | Q6. FCF = (Revenue – Costs – Depreciation) x (1 – tax rate) + Depreciation – Capital Expenditure – change in working capital. Free cash flows | Year 0 | Year 1 | Year 2 | Year 3 | Year 4 | | Unl Net income | -59,3439 | 70,1337 | 49,3248 | 30,828 | 0 | All in millions | Depreciation | 0 | 8 | 8 | 8 | 0 | | Capital expenditures | 24 | 0 | 0 | 0 | 0 | | Change in NWC | 0 | 16,4 | -4,05 | -3,6 | -8,75 | | Free cash flows | -83,34 | 61,73 | 61,37 | 42,43 | 8,75 | | Q7. | | Year 1 | Year 2 | Year 3 | Year 4 | | NPV per year | -83,34 | 55,12 | 48,93 | 30,20 | 5,56 | All in millions | Total NPV | 56,46 | | | | | | Q8. Rate | NPV(million) | 5% | 74,97 | 10% | 61,35 | 15% | 49,65 | 20% | 39,5 | 25% | 30,63 | 30% | 22,84 | 35% | 15,94 | 40% | 9,81 | 45% | 4,32 | 50% | -0,61 | 55% | -2,89 | 60% | -5,06
Descriptive Statistics: Income ($1000), Size, Credit Balance ($) Variable Mean StDev Minimum Median Maximum Range Mode Income ($1000) 43.74 14.64 21.00 43.00 67.00 46.00 55 Size 3.420 1.739 1.000 3.000 7.000 6.000 2 Credit Balance($) 3976 932 1864 4090 5678 3814 3890 Variable Mode Skewness Kurtosis Income ($1000) 4 0.05 -1.29 Size 15 0.53 -0.72 Credit Balance($) 2 -0.14 -0.74 The statistics indicates that the mean income is 43.74; the median income is 43.00 and the mode income is 55. The standard deviation is given approximately as 1.74. Maximum income is 67,000 and the minimum income is 21,000 and a Standard Deviation of 14.64. The second individual variable is household size the mean household size of the sample is 3.42, the median household size of the sample is 3 and the mode household size of the sample is 2 and the standard deviation is 1.739. The maximum household size is 7 and the minimum household size is