# Use the following information

Use the following information for determining sound intensity. The number of decibels ? of a sound with an intensity of I watts per square meter is given by ? = 10 log(I/I0), where Iis an intensity of 10−12 watt per square meter, corresponding roughly to the faintest sound that can be heard by the human ear. Find the number of decibels ? of the sound.

(a).  I = 10−10 watt per m2 (quiet room)

? = ________________dB?

(b).  I = 10−5 watt per m2 (busy street corner)

? = ______________dB?

(c). I = 10−8 watt per m2 (quiet radio)

? = ____________dB?

(d). I = 100 watt per m2 (threshold of pain)

? =_____________dB?

# Use the following information

Use the following information to answer the question. According to the website ww.costofwedding.com, the average cost of flowers for a wedding is \$698. Recently, in a random sample of 40 weddings in the U.S. it was found that the average cost of the flowers was \$734, with a standard deviation of \$102. On the basis of this, a 95% confidence interval for the mean cost of flowers for a wedding is \$701 to \$767.

Choose the statement that is the best interpretation of the confidence interval.

a) We are extremely confident that the mean cost of flowers at a wedding is between \$701 and \$767.
b) In about 95% of all samples of size 40, the resulting confidence interval will contain the mean cost of flowers at weddings.
c) That probability that flowers at a wedding will cost less than \$767 is nearly 100%.
d) That probability that the flowers at a wedding will cost more than \$698 is greater than 5%.

# Use the following information

Use the following information regarding the Fremont Corporation to prepare a statement of cash flows using the indirect method:

 Accounts payable increase \$14,000 Accounts receivable increase 7,000 Accrued liabilities decrease 5,000 Amortization expense 31,000 Cash balance, January 1 21,000 Cash balance, December 31 141,000 Cash paid as dividends 41,000 Cash paid to purchase land 81,000 Cash paid to retire bonds payable at par 70,000 Cash received from issuance of common stock 75,000 Cash received from sale of equipment 17,000 Depreciation expense 65,000 Gain on sale of equipment 12,000 Inventory decrease 11,000 Net income 126,000 Prepaid expenses increase 3,000

Remember to use negative signs with answers when appropriate.

# Use the following information

Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods​ sold:

Data Table
 Beginning Ending Balances: \$20,000 \$32,000 39,000 37,000 14,000 23,000
Data Table
 Purchases of direct materials Other information: \$79,000 80,000 41,000
​First, compute cost of goods manufactured.

 Schedule of Cost of Goods Manufactured
 Direct Materials Used: Direct Materials Used Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured
Now compute cost of goods sold.

 Cost of Goods Sold
 Cost of Goods Manufactured Cost of Goods Available for Sale Cost of Goods Sold

# Use the following information

Use the following information for all parts:
On a particular golf course, a sample of 55 golfers have a mean golf score of 70. Suppose the population standard deviation for this course is 3.7956.

(a) Using the formula for a 90% confidence interval as presented in lecture, fill in the blanks with the appropriate values for this problem for calculating the confidence interval below. To enter √xx where x is any number, type sqrt(x). For example, √22 should be written as sqrt(2).

?-? x ?/? to ?+? x ?/?

(b) Using the formulas from part (a), calculate the 90% confidence intervals for the mean golf score of all golfers on this golf course. Round each answer to the nearest hundredth, 2 decimal places.

? to ?

(c) Calculate the margin of error for the answer in part (b). Round the answer to the nearest hundredth, 2 decimal places.

# Use the following information

(Q 12-14) Use the following information from a hotel’s income statement to solve the questions.

 2019 (\$) Total Revenues 1,200,000 Rooms: Revenue 750,000 Labor Costs & Related Expenses 100,000 Other Expenses 55,000 Room Department Income (Loss) 595,000 Food: Revenue 390,000 Cost of Sales 130,000 Labor Costs & Related Expenses 82,500 Other Expenses 38,500 Food Department Income (Loss) 139,000 Gift Shop: Revenue 60,000 Cost of Sales 44,800 Labor Costs & Related Expenses 16,286 Other Expenses 8,000 Gift Shop Department Income (Loss) (9,086) Total Operated Departments Income ? Total Undistributed Operating Expenses 282,000 Gross Operating Profit ? Rent, Property Taxes and Insurance 106,000 EBITDA ? Depreciation 30,000 Interest Expense 80,000 Income before Income Taxes 226,914 Income Taxes 66,000 Net Income 160,914

What is the company’s Gross Operating Profit in year 2019?

\$442,914
\$633,520
\$323,714
\$461,086

# Use the following information

(Questions 4-7) Use the following information from a hotel’s balance sheet to solve the questions.

 ASSETS Dec 31, 2019 (\$) Current Assets: Cash 30,000 Marketable securities 50,000 Accounts receivable 100,000 Inventory 20,000 Total Current Assets 200,000 Investments 100,000 Property & Equipment: Land 500,000 Building 5,000,000 Equipment 1,000,000 Less: Accumulated depreciation 1,600,000 Net Property & Equipment ? Total Assets ? LIABILITIES & OWNERS’ EQUITY Current Liabilities: Accounts payable 60,000 Current maturities of Long-term debt 100,000 Dividends payable 30,000 Total Current Liabilities 190,000 Long-Term Liabilities: Long-term debt 4,000,000 Total Long-term Liabilities 4,000,000 Total Liabilities 4,190,000 Owners’ Equity: Capital Stock 700,000 Retained Earnings ? Total Owners’ Equity Total Liabilities and Owners’ Equity

What is the amount of “Retained Earnings” as of Dec 31, 2019?

\$410,000
\$310,000
\$5,000,000
\$500,000

PreviousNext

# Use the following information

(Questions 4-7) Use the following information from a hotel’s balance sheet to solve the questions.

 ASSETS Dec 31, 2019 (\$) Current Assets: Cash 30,000 Marketable securities 50,000 Accounts receivable 100,000 Inventory 20,000 Total Current Assets 200,000 Investments 100,000 Property & Equipment: Land 500,000 Building 5,000,000 Equipment 1,000,000 Less: Accumulated depreciation 1,600,000 Net Property & Equipment ? Total Assets ? LIABILITIES & OWNERS’ EQUITY Current Liabilities: Accounts payable 60,000 Current maturities of Long-term debt 100,000 Dividends payable 30,000 Total Current Liabilities 190,000 Long-Term Liabilities: Long-term debt 4,000,000 Total Long-term Liabilities 4,000,000 Total Liabilities 4,190,000 Owners’ Equity: Capital Stock 700,000 Retained Earnings ? Total Owners’ Equity Total Liabilities and Owners’ Equity

What is the amount of “Retained Earnings” as of Dec 31, 2019?

\$410,000
\$310,000
\$5,000,000
\$500,000

# Use the following information

4,Questions 4-7) Use the following information from a hotel’s balance sheet to solve the questions.

 ASSETS Dec 31, 2019 (\$) Current Assets: Cash 30,000 Marketable securities 50,000 Accounts receivable 100,000 Inventory 20,000 Total Current Assets 200,000 Investments 100,000 Property & Equipment: Land 500,000 Building 5,000,000 Equipment 1,000,000 Less: Accumulated depreciation 1,600,000 Net Property & Equipment ? Total Assets ? LIABILITIES & OWNERS’ EQUITY Current Liabilities: Accounts payable 60,000 Current maturities of Long-term debt 100,000 Dividends payable 30,000 Total Current Liabilities 190,000 Long-Term Liabilities: Long-term debt 4,000,000 Total Long-term Liabilities 4,000,000 Total Liabilities 4,190,000 Owners’ Equity: Capital Stock 700,000 Retained Earnings ? Total Owners’ Equity Total Liabilities and Owners’ Equity

What is the amount of “Net Property & Equipment” as of Dec 31, 2019?

# use the following information:

, use the following information: type A hemophilia, a disorder in which blood does not clot properly, is governed by a recessive allele on the X chromosome. Suppose a healthy woman is a carrier and marries a man with hemophilia A, and they are expecting a child. Use XH = normal clotting, Xh = hemophilia.

• What is the chance the child will be male?
• What is the chance the child will be a male with hemophilia?
• What is the chance the child will be a female with hemophilia?

# Use the following information

Use the following information to answer the question. According to the website ww.costofwedding.com, the average cost of flowers for a wedding is \$698. Recently, in a random sample of 40 weddings in the U.S. it was found that the average cost of the flowers was \$734, with a standard deviation of \$102. On the basis of this, a 95% confidence interval for the mean cost of flowers for a wedding is \$701 to \$767.

Does the confidence interval provide evidence that the mean cost of flowers for a wedding has increased?

a) Yes
b) No

# Use the following information

Use the following information for the next two problems:

A company is considering whether to lease or purchase an aircraft to transport its executives between company facilities and the main administrative headquarters. The firm is in the 40 percent tax bracket and its after-tax cost of debt is 7 percent. The estimated after-tax cash flows for the lease and purchase alternatives are given below:

Cash Flows After-Tax

 End of Year Lease  (cash flows are all negative) PurchaseYrs 1-4 cash flows are negative; Year 5 is positive. 1. (40,000) (68,454) 2. (40,000) (59,110) 3. (40,000) (63,596) 4. (40,000) (66,633) 5. (40,000) 30,056

1. Given the above cash outflows, calculate the present value of the after-tax cash flows of the lease alternative using the after-tax cost of debt.

2. Given the above cash outflows:

a) Calculate the present value of the after-tax cash flows of the purchase alternative using the after-tax cost of debt.

b) Which alternative do you choose?

# Use the following information

Use the following information on economy X to answer the questions below.
 Consumption function: C = 350 + 0.6Y
 Investment spending: I = 250
 Government spending: G = 400
 Exports of goods and services: X = 300
 Imports of goods and services: Z = 150
 Proportional tax rate: t =25%
(Note: Show all calculations and round off to 2 decimal places).
Q.4.1.1 Q.4.1.2
Q.4.1.4 Q.4.1.5
Calculate total autonomous spending for economy X. (3) Calculate the multiplier for economy X. (3)
Calculate the budget surplus or deficit at the equilibrium level of income. (3) Calculate the change in equilibrium income if the government decides to (3) increase expenditure to R500.
Q.4.1.3
Calculate the equilibrium income for the economy. (Hint: Use the multiplier method).
(3)

# Use the following information

Use the following information for the next two problems:

Barton Aviation is considering whether to lease or purchase an aircraft to transport its executives between company facilities and the main administrative headquarters. The firm is in the 40 percent tax bracket and its after-tax cost of debt is 7 percent. The estimated after-tax cash flows for the lease and purchase alternatives are given below:

Cash Flows After-Tax

 End of Year Lease  (cash flows are all negative) PurchaseYrs 1-4 cash flows are negative; Year 5 is positive. 1. (40,000) (68,454) 2. (40,000) (59,110) 3. (40,000) (63,596) 4. (40,000) (66,633) 5. (40,000) 30,056

Given the above cash outflows, calculate the present value of the after-tax cash flows of the lease alternative using the after-tax cost of debt.

1. Given the above cash outflows:
2. a) Calculate the present value of the after-tax cash flows of the purchase alternative using the after-tax cost of debt.
3. b) Which alternative do you choose?

# Use the following information

Use the following information to answer the next 3 questions:

Hillsdale Corp’s Stockholders Equity

Preferred Stock, 6%, \$50 par value, 8,000 shs authorized,

______________ shs issued and outstanding                         \$105,000

Common Stock, \$4 par value, 20,000 shs authorized,

10,000 shs issued, ________ shs outstanding                     40,000

APIC

Preferred Stock                                                                                      56,700

Common Stock                                                                                       30,000

Total Paid In Capital                                                                                231,700

Retained Earnings                                                                                        35,000

Less:  Treasury Stock, 4,000 shs                                                                15,000

Total Stockholders’ Equity                                                                    251,700

2,100 shares of preferred stock are issued and outstanding

How many shares of common stock are outstanding?

What is the cost of the shares held in the Treasury?

# Use the following information

Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods​ sold:
Data Table
 Beginning Ending Balances: \$23,000 \$31,000 44,000 37,000 20,000 22,000
Data Table
 Purchases of direct materials Other information: \$76,000 89,000 42,000

​First, compute cost of goods manufactured.

 Schedule of Cost of Goods Manufactured
Beginning Work-in-Process Inventory

Direct Materials Used:

Direct Materials Used

Total Manufacturing Costs Incurred during the Year

Total Manufacturing Costs to Account For

Cost of Goods Manufactured

# Use the following information

### Use the following information for questions 1 – 4.

Pursuing an inorganic growth strategy, Wilson Company acquired Venus Company’s net assets and assigned them to four separate reporting divisions. Wilson assigned total goodwill of \$134,000 to the four reporting divisions as given below

1.  Alpha Beta Gamma Delta Carrying value \$200,000 \$320,000 \$370,000 \$300,000 Goodwill included in carrying value 20,000 34,000 50,000 30,000 Fair value of net identifiable assets at year-end 150,000 300,000 290,000 280,000 Fair value of reporting unit at year-end 210,000 350,000 300,000 285,000
1. 1. Based on the preceding information, what amount of goodwill will be reported for Alpha at year-end?

 \$30,000 \$10,000 \$0 \$20,000

### QUESTION 3

1. 2. Based on the preceding information, what amount of goodwill will be reported for Beta at year-end?
 \$34,000 \$0 \$50,000 \$14,000

### QUESTION 4

1. 3. Based on the preceding information, for Gamma:
 goodwill impairment of \$70,000 should be recognized at year-end. goodwill impairment of \$60,000 should be recognized at year-end. goodwill of \$50,000 should be reported at year-end. no goodwill should be reported at year-end.

### QUESTION 5

1. Based on the preceding information, for Delta:
 goodwill of \$30,000 should be reported at year-end. goodwill impairment of \$15,000 should be recognized at year-end. goodwill impairment of \$20,000 should be recognized at year-end. no goodwill should be reported at year-end.

# Use the following information

 Use the following information for items 9-11: Main Corporation has operated a branch in Cavite for one year. Shipments are billed to the branch at cost. The branch carries its own accounts receivable, makes its own collections, and pays its own expenses. The branch reported an inventory on December 31, 2021: Outsiders, P3,391; Home office, P7,625 The transactions for the year are given effect to in the trial balance below: (see image) 9. Determine the net profit of the Cavite Branch for 2021. 10. Using the same information above, determine the branch current account in the Home Office books on January 1, 2022. 11. Using the same information above, shipments to Branch account in the Home Office books on January 1, 2022.
 Present solution in good accounting form.

# Use the following information

Use the following information for items 9-11: Main Corporation has operated a branch in Cavite for one year. Shipments are billed to the branch at cost. The branch carries its own accounts receivable, makes its own collections, and pays its own expenses. The branch reported an inventory on December 31, 2021: Outsiders, P3,391; Home office, P7,625 The transactions for the year are given effect to in the trial balance below: (see image)
9. Determine the net profit of the Cavite Branch for 2021.
10. Using the same information above, determine the branch current account in the Home Office books on January 1, 2022.
11. Using the same information above, shipments to Branch account in the Home Office books on January 1, 2022.

# Use the following information

Use the following information for the Question below

As of early 2022, the global bitcoin hashrate is 160∗1018 hashes per second.

The Antminer S19 can compute 110 TH/s = 73∗1012 hashes per second. It costs \$2600 and consumes 3.25kW when operating.

Suppose the devices required to achieve 1% market share as outlined in Question 14 above operate for one year. If the energy used to power the miners comes from a natural gas power plant, approximately how many kilograms of CO2 will be generated? Finally, this CO2 generated is equivalent to how many passenger flights between Dallas and London? Please cite sources for how you are calculating the CO2 amounts.

# Use the following information

E7-3A Bank reconciliation

Use the following information to prepare a bank reconciliation for Young Company at June 30:

1. Balance per Cash account, June 30, \$7, 039.80.
2. Balance per bank statement, June 30, \$ 7, 300.25
3. Deposits not reflected on bank statement. \$950.
4. Outstanding checks, June 30, \$1, 260.45
5. Service charge on bank statement not recorded in books, \$35.
6. Error by bank- Yertel Company check charged on Young Company’s bank statement, \$375.
7. Check for advertising expense, \$260, incorrectly recorded in books as \$620.

# Use the following information

Use the following information to prepare the July cash budget for Acco Co. It should show expected cash
receipts and cash payments for the month and the cash balance expected on July 31.
a. Beginning cash balance on July 1: \$50,000.
b. Cash receipts from sales: 30% is collected in the month of sale, 50% in the next month, and 20% in the
second month after sale (uncollectible accounts are negligible and can be ignored). Sales amounts are
May (actual), \$1,720,000; June (actual), \$1,200,000; and July (budgeted), \$1,400,000.
c. Payments on merchandise purchases: 60% in the month of purchase and 40% in the month following
purchase. Purchases amounts are: June (actual), \$700,000; and July (budgeted), \$750,000.
d. Budgeted cash payments for salaries in July: \$275,000.
e. Budgeted depreciation expense for July: \$36,000.
f. Other cash expenses budgeted for July: \$200,000.
g. Accrued income taxes due in July: \$80,000.
h. Bank loan interest paid in July: \$6,600.

# Use the following information

Use the following information to answer.  Coupon Payments are annual unless otherwise indicated!

 Years Face Coupon Market Security Rating Maturity Value Rate Price Treasury 1 \$    1,000 0.00% \$         965.00 Treasury 3 \$    1,000 1.90% \$         939.06 Treasury 5 \$    1,000 4.30% \$         932.42 Treasury 10 \$    1,000 6.80% \$      1,007.12 Treasury 15 \$    1,000 6.60% \$         908.25 Corp A A 5 \$    1,000 8.10% \$         990.00 Corp B BB 10 \$    1,000 7.90% \$         859.88 Corp C AA 15 \$    1,000 7.00% \$         660.00

What is the default risk premium for a BB debt security (round to two places)

# Use the following information

1. Use the following information to answer the next four exercises.The table below shows a random sample of musicians and how they learned to play their instruments.
 Gender Self-taught Studied in School Private Instruction Total Female 12 38 22 72 Male 19 24 15 58 Total 31 62 37 130
1. Find P(musician is a female).
b. Find P(musician is a male AND had private instruction).
c. Find P(musician is a female OR is self taught).
d. Are the events “being a female musician” and “learning music in school” mutually exclusive events?

# Use the following information

Use the following information to answer the question. The distribution of the number of hours people spend at work per day is unimodal and symmetric with a mean of 8 hours and a standard deviation of 0.5 hours.

If Stacy worked 8.7 hours yesterday, would you consider this unusual?

Question 3 options:

 a) Yes, 8.7 hours is more than 1 standard deviations above the mean.

 b) Yes, 8.7 hours is more than 2 standard deviations above the mean.

 c) No, 8.7 hours is less than 2 standard deviations above the mean.

 d) No, 8.7 hours is less than 1 standard deviations above the mean.

# Use the following information

Use the following information for Problems 30 and 31. On March 15, Calloway, Inc., paid property taxes of \$480,000 for the calendar year.

30.  How much of this expense should Calloway’s income statement reflect for the quarter ending March 31?

a. –0–

b. \$40,000

c. \$120,000

d. \$480,000

31. The journal entry at March 15 to record the payment of property taxes would include which of the following?

a. A debit to Property Tax Expense of \$480,000

b. A credit to Cash of \$120,000

c. A debit to Prepaid Property Taxes of \$360,000

d. A credit to Prepaid Property Taxes of \$40,000

# Use the following information

Use the following information relating to Clover Company to calculate (a) the inventory turnover ratio, (b) gross margin, and (c) the number of days’ sales in inventory ratio, for years 2022 and 2023. Assume a year has 365 days. Do not round intermediate calculations and round your final answers to 3 decimal places.

 Sales Cost ofGoods Sold AverageInventory Year 2021 \$250,000 \$187,500 \$26,000 Year 2022 295,000 221,250 30,000 Year 2023 323,000 252,250 35,000

 InventoryTurnover GrossMargin Days’ Salesin Inventory Year 2022 fill in the blank 1 \$fill in the blank 2 fill in the blank 3 Year 2023 fill in the blank 4 \$fill in the blank 5 fill in the blank 6

# Use the following information

Use the following information to answer the next six exercises. A jar of 150 jelly beans contains 22 red jelly beans, 38
yellow, 20 green, 28 purple, 26 blue, and the rest are orange.
Let B = the event of getting a blue jelly bean
Let G = the event of getting a green jelly bean.
Let O = the event of getting an orange jelly bean.
Let P = the event of getting a purple jelly bean.
Let R = the event of getting a red jelly bean.
Let Y = the event of getting a yellow jelly bean.
6. Find P(B).
7. Find P(G).
8. Find P(P).
9. Find P(R).
10. Find P(Y).
11. Find P(O).

# Use the following information

Use the following information for Questions 6–8.
Information concerning O’Sadnick, Inc., on December 31, 2013, is as follows:
Book value per share . . . . . . . . . . . . . \$ 6.00
Dividends per share . . . . . . . . . . . . . . 1.00
Earnings per share . . . . . . . . . . . . . . . 4.00
Par value per share . . . . . . . . . . . . . . . 2.00
Market price per share . . . . . . . . . . . . 16.00
6. What is O’Sadnick, Inc.’s price/earnings ratio for 2013?
a. 0.25
b. 1.5
c. 4.0
d. 8.0
7. What is O’Sadnick, Inc.’s dividend payout ratio for 2013?
a. 4.16%
b. 6.25%
c. 25%
d. 50%
8. What is O’Sadnick, Inc.’s dividend yield for 2013?
a. 4.16%
b. 6.25%
c. 25%
d. 50%

# Use the following information

7 Use the following information to create a budget for KidzPerform, Inc., a small nonprofit.

Last year Income Information:

Individual Donations \$2000 (expected to increase 5%)

Pledges:  \$500 received out of \$600 pledged

Fundraising events (2) \$100,000 (expected to add one event)

Grants: Second year of a 3-year grant            \$10,000

Applying for another grant                \$10,000

Last year Expenditures:

Director salary and benefits   \$30,000

Voice lessons                             20,000

Performance costumes             50,000

Refreshments at events            10,000

Performance conductors            2,000 per event

Invitations, mailings, postage     2,000

Utilities                                        1,200

Office space valued at \$500 per month is donated

Performance Venues valued at \$1,000 per event is donated

# Use the following information

Use the following information for Questions 9–10.
Porter Co. reported the following on its December 31, 2013, balance sheet:

Liabilities and Stockholders’ Equity:
Accounts payable . . . . . . . . . . . . . . . . . . . . \$ 3,000
Notes payable. . . . . . . . . . . . . . . . . . . . . . . 22,000
Bonds payable . . . . . . . . . . . . . . . . . . . . . . 45,000
Common stock . . . . . . . . . . . . . . . . . . . . . . 110,000
Preferred stock . . . . . . . . . . . . . . . . . . . . . . 20,000
Additional paid-in capital . . . . . . . . . . . . . . . 70,000
Retained earnings . . . . . . . . . . . . . . . . . . . . 32,000
Treasury stock. . . . . . . . . . . . . . . . . . . . . . . 12,000

9. The debt/equity ratio for Porter Co. in 2013 (rounded) is
a. 20.5%
b. 24.1%
c. 28.7%
d. 31.8%
10. The debt ratio for Porter Co. in 2013 (rounded) is
a. 20.5%
b. 24.1%
c. 28.7%
d. 31.8%

# Use the following information

Use the following information to answer the question. A researcher is wondering whether the drinking habits of adults
in a certain region of the country are in the same proportion as the general population of adults. Suppose a recent study
stated that the proportion of adults who reported drinking once a week or less in the last month was 0.26. The null
hypothesis for this test is H0: p = 0.26 and the alternative hypothesis is Ha: p < 0.26. The researcher collected data from
150 surveys he handed out at a busy park located in the region.

Check that the conditions hold so that the sampling distribution of the z-statistic will approximately follow the
standard normal distribution. Are the conditions satisfied? If not, choose the condition that is not satisfied.
A)No, the researcher did not collect a large enough sample.

B)Yes, all the conditions are satisfied.

C)No, the population of interest is not large enough to assume independence.

D)No, the researcher did not collect a random sample.

# Use the following information

Use the following information to prepare a Statement of Cash Flows for the month.

 Bank balance beginning of month 15,600 Inventory purchased for cash 28,000 Bank balance, end of month 19,800 Miscellaneous expenses paid 8,000 Cash drawings 30,000 Payment on accounts payable 44,000 Cash sales 72,000 Proceeds from bank loan 93,000 Collections from accounts receivable 40,000 Proceeds from sale of motor vehicle 12,000 Cost of sales 69,000 Purchase of motor vehicle for cash 68,000 Credit sales 58,000 Rent expense 800 Depreciation 3,500 Rent paid in advance for the next 6 months 4,800 Wages paid 30,000

Question: Prepare a Statement of Cash Flows for the month.

Statement of Cash Flows

 Cash Flows from operating activities Net cash used in operating activities Cash from Investing Activities Net cash used in investing activities Cash from financing activities Net cash provided from financing activities Net increase/(decrease) in cash for the month Cash at beginning of the month Cash at the end of the month

# Use the following information

Use the following information for the next two questions:
Rooster Co. uses the installment sales method. Relevant information follows:

 20×1 20×2 Sales 300,000 480,000 Cost of sales 240,000 336,000 Installment receivable- 20×1 180,000 60,000 Installment receivable- 20×2 360,000

Rooster Co. repossessed a property that was sold in 20×1 for ₱50,000. Total collections from this sale were ₱24,000.

Rooster Co. expects to resell the property for ₱30,000 after reconditioning costs of ₱4,000. The normal profit margin on resale of repossessed property is 30%.
a.) How much is the gain or loss on repossession?
b.) How much is the total realized gross profit in 20×2?

# Use the following information

Use the following information for VPI Co. to prepare a statement of cash flows for the year ended
December 31 using the indirect method. Cash balance at prior year-end. . . . . . . . . . . . . . \$40,000 Gain on sale of machinery. . . . . . . . . . . . . . . . . . \$ 2,000 P2 P3
Increase in inventory. . . . . . . . . . . . . . . . . . . . . . 5,000 Cash received from sale of machinery. . . . . . . . 9,500
Depreciation expense . . . . . . . . . . . . . . . . . . . . . 4,000 Increase in accounts payable. . . . . . . . . . . . . . . 1,500
Cash received from issuing stock. . . . . . . . . . . . 8,000 Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,000
Cash paid for dividends. . . . . . . . . . . . . . . . . . . . 1,000 Decrease in accounts receivable . . . . . . . . . . . . 3,000

# Use the following information

Use the following information to answer the questions.

Your favorite statistics professor is starting up a UNO Genius Club, and you really want to get in. Everyone enrolled at UNO is eligible to take the qualifying exam and 8,647 students take the exam. You show up to take the test on a Sunday morning. Your professor announces on Monday that the distribution of scores was normal with a mean test score of 120 and a standard deviation of 14. Answer questions 24-28 using this information.

What is the probability that a randomly selected test-taker will score between 122 and 128?

**Don’t round z scores while calculating; round final answer to 2 decimals.

How many students scored between a 110 and 130?

**Since we’re talking about people, round to nearest whole number.

1) draw the normal curve, 2) plot the z-scores, and 3) shade in the area of interest.

# Use the following information.

Use the following information.

• Defender:
• Current salvage value = \$8,000, decreasing at an annual rate of 1000\$ from the previous year’s value
• Required overhaul = \$1,500
• O&M = \$2,000 in year 1, increasing by 30% per year
• Challenger:
• NC*=5
• AECC*= 5500
• MARR=10%

Find the loss in PV from mistakenly keeping the defender one year longer than is optimal. So in other words, if you found that the optimal indefinite plan was (j0,1),(j,5)inf , then find the PV difference between that and the plan (j0,2),(j,5)inf. The PV difference is within \$10 of:

 269.11 289.11 309.11 329.11 None of the above

# Use the following information

Statement of Cash Flows (Indirect Method)
Use the following information regarding the Lund Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Lund’s operating-cash-flow-to-current-liabilities ratio.

 Accounts payable increase \$13,500 Accounts receivable increase 6,000 Accrued liabilities decrease 4,500 Amortization expense 9,000 Cash balance, January 1 33,000 Cash balance, December 31 22,500 Cash paid as dividends 43,500 Cash paid to purchase land 135,000 Cash paid to retire bonds payable at par 90,000 Cash received from issuance of common stock 52,500 Cash received from sale of equipment 25,500 Depreciation expense 43,500 Gain on sale of equipment 6,000 Inventory decrease 19,500 Net income 114,000 Prepaid expenses increase 3,000 Average current liabilities 150,000

a. Use negative signs with cash outflow answers.

LUND CORPORATION
Statement of Cash Flows
For Year Ended December 31
Cash Flow from Operating Activities

Add (deduct) items to convert net income to cash basis

Gain on Sale of Equipment Answer

Cash Flow Provided by Operating Activities Answer

Cash Flow from Investing Activities

Cash Used by Investing Activities Answer

Cash Flow from Financing Activities

Cash Used by Financing Activities Answer

Cash at Beginning of Year Answer

Cash at End of Year Answer

b. Operating-cash-flow-to-current-liabilities ratio (Round answers to two decimal places.)

# Use the following information

Use the following information about a hypothetical government security dealer named J.P.Groman.
(Market yields are in parentheses; amounts are in millions.)

Assets Liabilities
Cash \$10 Overnight repos \$170
1-month T-bills (7.05%) \$75 Subordinated debt
3-month T-bills (7.25%) \$75 7-year fixed (8.55%) \$150
2-year T-notes (7.50%) \$50
8-year T-notes (8.96%) \$100
5-year munis (floating rate) (8.20% reset every six months) \$25 Equity \$15
Total \$335 \$335

a. What is the repricing or funding gap if the planning period is 30 days? 91 days? 2 years? (Recall that cash is a noninterest-earning asset.)

b. What is the impact over the next 30 days on net interest income if all interest rates rise by 50 basis points?

c. The following one-year runoffs are expected: \$10M for two-year T-notes, \$20M for the eight-year notes. What is the one-year repricing gap?

d. If runoffs are considered, what is the effect on net interest income at year end if interest rates rise by 50 basis points?

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