MATH 1191_Review for Test 2_W2024_With Answers2

vv.  Subject :- Finance

1

Use the information below to answer the questions which follow. The bank reconciliation prepared by Kelce Karts on March 31, 2017, appeared as follows: Kelce Karts Bank Reconciliation 31-Mar-17 Bank statement balance $14,600 Book balance $32,268 Add: Deposit of March 31 in transit 20,764 $35,364 Deduct: Outstanding cheques: #79 $1,229 # 84 1,867,3,096 Adjusted bank balance $32,268 Adjusted book balance $32,268 The Cash account in the General Ledger appeared as follows on April 30: \table [[Cash, Acct. No. 101], [Date Explanation Debit Credit, Balance], [2017,]] A list of deposits made and cheques written during April, taken from the Cash Receipts Journal and Cash Disbursements Journal, is shown below. Deposits Made \table[[April 7,$14,001.00

SuperTech Battery a rapidly growing distributor of battery manufacturers, is formulating its plans for 2018. The planning department of the firm has completed the revenue budget presented here. Super Tech Battery Ltd 2018 Budgeted Revenues (in thousands). The accountant in the Planning and Budgeting Department is responsible for preparing the cash-flow projection. The following information is to be used in preparing the cash flow projection: a. Super Tech Battery's excellent record in accounts receivable collection is expected to continue: 60% of billings are collected the month after the sale and the remaining 40% 2 months after. b. The purchase of electronic components is Utility Ltd's largest expenditure and is estimated to be 40% of revenues. Utility Ltd receives 70% of the parts 1 month prior to the sale and 30% during the month of sale. Prepare Cash collection schedule and Cash payments schedule for the sale and purchase of products. Do the calculations in excel, attach excel…

E-Book break-even analysis.  Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and web site construction is estimated to be $160,000. Variable processing costs are estimated to be $6 per book. The publisher plans to sell single-user access to the book for $46. a. Build a spreadsheet model to calculate the profit/loss for a given demand. What profit can be anticipated with a demand of 3,500 copies? b. Use a data table to vary demand from 1,000 to 6,000 in increments of 200 to assess the sensitivity of profit to demand. c. Use Goal Seek to determine the access price per copy that the publisher must charge to break even with a demand of 3,500 copies. d. Consider the following scenarios:   Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Variable Cost/Book $6 $8 $12 $10 $11 Access Price $46 $50 $40 $50 $60…

9. Planned sales in the junior sportswear department for April are $842,100, and the planned stock-sales ratio is 3.2. On April 1, how much stock is needed? Round to the nearest dollar.

Corral Cartage leases trucks to service its shipping contracts. Larger trucks have cheaper operating costs if there is sufficient business, but are more expensive if they are not full. CC has estimates of monthly shipping demand. What comparison method(s) would be appropriate for choosing which trucks to lease? 1.Present Worth(PW) 2.Annual Worth(AW) 3.Payback Period

A shopping center in Miami, Florida was purchased for $16 million and was expected to produce a first year annual NOI of $960,000. Financing was obtained at a 60% LTV ratio with a 4.5% annual interest rate payable monthly and fully amortizing over 25 years. What is the expected first year before tax cash return on invested equity? a. 8.25% b. 6.0% c. 4.5% d. 5.0%

On December 31, 2019, the unadjusted trial balance of Tarzwell Services showed the following balances: Accounts receivable Allowance for doubtful accounts Sales $200,000 1,000 Cr. 700,000 The business has given up trying to collect $5,000 of its accounts receivable but has not yet recorded the write-off entry. The firm uses the allowance method to estimate bad-debt expense. Required a) Provide the entry for the write-off. b) If the firm uses the percent-of-sales allowance method for recording bad-debt expense, and has experienced an average 6% rate of non-collection based on sales, provide the entry to record bad-debt expense for 2019. c) Assume that after the firm recorded the $5,000 of write-offs, it determined that 18% of its remaining accounts receivable will be uncollectible under the aging method. Provide the entry to record bad-debt expense. Don't give answer in image format

As  of January 1, 2023, outstanding account receivable (sales made the previous year pending collection) amounted to 20,000. Throughout 2023, sa;es totalling 180,000 euros (income statement) were made. As of December 31, 2023, outstaning receivables from customers amounted to 32, 000 euros. What was the total collection in 2023 for sales made both in that year and in previous year? a. 168,000 euros b 184,000 euros c. 132,800 euros

‏Cash flow Statement ‏Cash Flow Statement for the first Years

TOPIC: ANNUITY Specific Instructions: Solve each problem NEATLY and SYSTEMATICALLY. Show your COMPLETE solutions and BOX your final answers. Express all your answers in 2 decimal places. 1. A factory operator bought a diesel generator set for Php 12, 500 and agreed to pay the dealer a uniform sum at the end of each year for 4 years at 5 % interest compounded annually, that the final payment will cancel the debt for principal & interest. what is the annual payment? 2. What is the present worth of Php 250 annuity starting at the end of 3rd year and continuing in the end of 4th year, if the annual rate is 5 %?

Kabelo and Hendrik are joint owners of Fitness Gym. They are currently investigating the option of investing in cryotherapy, a cold therapy that may reduce inflammation in tendons or joints. Their investment would provide Fitness Gym members with equipment which may be used to reduce post-exercise recovery times, at an additional cost. The addition of cryotherapy to the gym represents a strategic service for Fitness Gym. Which one of the following statements reflect the importance of capital-investment projects such as the example above. a. The relative magnitude of the amounts involved. b. The short-term nature of capital-investment decisions. c. The operational nature of capital-investment projects. d. The direct effect of the time value of money on capital-investment projects.

Required Information [The following information applies to the questions displayed below.] Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the department's cost records, Professor Morton found the following total cost associated with Finance 101 over the last five terms: Term Fall, last year winter, last year Summer, last year Fall, this year winter, this year Professor Morton knows there are some variable costs, such as amounts paid to graduate assistants, associated with the course. He would like to have the variable and fixed costs separated for planning purposes. Total Cost (in dollars) 16,000 14,000 12,000 10,000 Required: 1. Prepare a scattergraph plot. (Plot total cost on the vertical axis and number of sections offered on the horizontal axis.) Instructions: 1. On the graph below, use the point tool (Fall last year) to plot number of sections offered on the horizontal axis and total cost on the vertical…

Case Problem: Specialty Toys You are an inventory specialist for Specialty Toys, Inc. The company sells a variety of new and innovative children's toys. You know that the preholiday season is the best time to introduce a new toy because many families use this time to look for new ideas for December holiday gifts. When the company discovers a new toy with good market potential, it chooses an October market-entry date. For you to get toys in your stores by October, you place one-time orders with manufacturers in June or July of each year. You are aware that demand for children's toys can be highly volatile. If a new toy catches on, a sense of shortage in the marketplace often increases the demand to high levels and large profits can be realized. However, new toys can also flop, leaving the company stuck with high levels of inventory that must be sold at reduced prices. The most important question you face is deciding how many units of a new toy should be purchased to meet anticipated…

Assignment 1 The following is the trial balance of Akwaaba Limited, a trading company, as at 31st December, 2016:   Debit GH¢’000   Credit GH¢’000 500,000 Ordinary shares     14,500 8% Loan notes (2012 – 2017)     2,500 10% Preference shares (redeemable)     3,000 Revaluation surplus     800 General reserve     1,500 Retained earnings – 1/1/2016     3,600 Administration expenses 8,540     Selling & distribution expenses 5,600     Sales     68,865 Inventory - 31/12/2016 3,150     Cost of sales 35,500     Loan Note interest paid 195     Investment income     360 Leasehold building at valuation-1/1/2016 14,000     Plant and equipment– cost/depreciation 13,750   3,200 Computer equipment– cost/depreciation 7,200   2,000 Motor vehicles – cost/depreciation 1,500   400 Investment property 8,700     Trade receivables 9,200     Bank     910 Trade payables…

An investment proposal will have annual fixed costs of $60,000, varial costs of $35 per unit of output, and revenue of $55 per unit of output. i) Determine the break-even quantity. ii) What volume of output will be necessary for an annual profit of $60,000

4 demand trends of a shopping mall in New York city? The question is related to real estate finance

Q2. After becoming the impressive champions of World Cup in France past month, U.S. Women National Soccer Team is set to start a Victory Tour that will take place in August. Within the Tour, the team will play 3 friendly games (one in TX, one in NY, one in CA). For the game in TX, Soccer Federation is anticipating a demand for the tickets by the following distribution. Number of Supporters P(Number of Supporters) 12000 0.10 15000 0.25 18000 0.40 21000 0.20 24000 0.05   The Federation must decide in which stadium the game will take place at, and they want to make this selection in a way that it maximizes their expected profit. Ticket price is $18 a seat and ticket printing cost is $4 a ticket. If the Federation has to pay additional $2 for each unsold ticket, which one of the following stadiums they should choose to play the game at? Please circle the answer and show all your calculations.  a. Mike A. Myers Stadium, Austin (capacity = 20000) b.…

Question 1: Kimji Company is engaged in the business of export of garments. In the past, the performance of the company had been up to the expectations. In line with the latest technology, the company decided to upgrade its machinery. For this, the Finance Manager, Abdullah estimated the amount of funds required and the timings. This will help the company in linking the investment and the financing decisions on a continuous basis. Abdullah therefore, began with the preparation of a sales forecast for the next four years. He collected the relevant data about the profit estimates in the coming years. By doing this, he wanted to be sure about the availability of funds from the internal sources of the business. For the remaining funds he is trying to find out alternative sources from outside like loan from bank etc Answer the following question based on the case study in 500-1000 words. a. What is the role of Financial Management and what are the financial decisions Involved in the above…

Corral Cartage leases trucks to service its shipping contracts. Larger trucks have cheaper operating costs if there is sufficient business, but are more expensive if they are not full. CC has estimates of monthly shipping demand. What comparison method(s) would be appropriate for choosing which trucks to lease? Cevap:

A nutritional plan requires at least 200 units of protein and 180 units of fat. From chemical analysis shows that 1 unit of food A contains 6 units of protein and 3 units of fat. While food B contains 3 units of protein and 5 units of fat.Food price A is 2,500 / unit while B costs 2,000 / unit.Question: Determine the combination of nutrients at a qualifying level at a low cost!

AIP 6.9 Transfer Prices and Changing from a Cost to a Profit Center LO 2, 5Northern Blue Company has manufacturing plants and retail shops. The retail shops purchase products from the manufacturing plants. Currently, the manufacturing plants are operated as cost centers and only supply the company’s retail shops. The transfer price is cost-based and the retail shops operate as profit centers. The company presidentis considering an increase in manufacturing capacity that will allow sales to customers outside the organization. The president plans to make the manufacturing plants profit centers. Questionsa. Why are the managers of the retail shops unhappy with these new plans?

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5) period. MARR is 10% per year compounded annually. Maintenance costs for a bridge are cyclic with the following costs occurring over a 5-year ΕΟΥ 2 3 4 5 Maintenance $50 million S75 million $75 million $75 million $150 million Cost a) b) capıtalized cost (worth) of the maintenance costs. Compute an equivalent uniform annual cost over a single 5-year maintenance cycle. It is anticipated that the sequence of costs will repeat every 5 years forever. If so, determine the

Please ASAP     Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure. Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Please answer as soon as possible and explain in details thanks in advance

PROBLEM 3-1 Analyzing transactions into debit and credit parts Joan Weber owns a business called Lawns Plus. Lawns Plus uses the following accounts: Joan Weber, Drawing Sales Advertising Expense Miscellaneous Expense Rent Expense Repair Expense Utilities Expense Cash Accounts Receivable-Central Properties Accounts Receivable-Clifton Care Center Supplies Prepaid Insurance Accounts Payable-Davis Office Supplies Accounts Payable-Huff Supplies Joan Weber, Capital Instructions: Use the forms given in the Extra Problems Working Papers. 1. Prepare a T account for each account. 2. Analyze each transaction into its debit and credit parts. Write the debit and credit amounts in the proper T accounts to show how each transaction changes account balances. Write the date of the transaction in parentheses before each amount. Transactions: June 1. Joan Weber invested $8,000.00 cash in the business. 2. Bought supplies and paid $ 120.00 cash. 3. Paid cash for rent, $ 400.00. Sold services for cash, $…