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A company is considering investing in a piece of machinery which will cost $550,000. It will provide an additional $160,000 in sales each year and its annual operating expenses are expected to be $52,000. The machine will be depreciated on a straight-line basis over a 10-year life with no estimated salvage value. The company has a 40% tax rate. What is the annual operating cash flow? $64,800 $96,000 $86,800 $118,000 Some other answers Solution Answer is $86,800. Calculations given below: First we will calculate profit after tax (PAT) and then add back non cash expenses that is depreciation etc to get operating cash flow for an year: Now, we calculate operating cash as below: .

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Please do not use the answer below; it has already been used. Please format it like the example below. Please give brief explanation of how you achieved calculations. Huffman Trucking Balance Sheet (Unaudited) December 31st 2006 2005 (In Thousands) Assets Current Assets Cash & Cash Equivalents $51,993 $38,893 Accounts Receivable 56,292 57,441 Prepaid Expenses & Supplies 3,443 3,343 Total Current Assets $111,728 $99,677 Carrier Operating Property (at cost) $73,024 $70,957 Less: Allowance for Depreciation (57,536) (55,477) Net Carrier Operating Property $15,488 $15,480 Assets of Discontinued Operations 16,192 18,891 Goodwill (net) 57,767 53,977 Other Assets 26,613 24,194 Total Assets $227,788 $212,219 Liabilities and Shareholders' Equity Current Liabilities Accounts Payable $47,124 $39,936 Salaries & Wages 29,753 27,048 Current Portion of Long-Term Debt 2,204 2,514 Freight & Casualty Claims Payable 9,746 8,941 Total Current Liabilities $88,827 $78,439 Long-Term Liabilities Accrued Pension & Post-Retirement Health Care $58,362 $52,721 Long-Term Debt 13,431 15,318 Total Long-Term Liabilities $71,793 $68,039 Shareholders' Equity Common Stock ($1.00 par value Authorized: 20,000,000 shares) $3.882 $3.882 Treasury Shares (1.952) (1.952) Retained Earnings 67,166 65,739 Total Shareholders' Equity $67,168 $65,741 Total Liabilities and Shareholders' Equity $227,788 $212,219 $19,211 $18,802 Memo To: All Senior Staff From: Kristen Huffman, CEO & President Re: New Strategic Direction Thank you for attending our annual strategic planning session. Given recent changes in the economy and customer needs, a new direction for our company is necessary. After reviewing how other companies restructured themselves in recent years, we will mirror how UPS® conducts business as a partner/consultant with large customers. For our company, however, we will go a step further and become a warehousing/local just-in-time (JIT) delivery source, instead of providing logistics advice to clients, as UPS® does. To accomplish this, we must integrate this new direction into our upcoming strategic plan and financial planning. First, I need all department managers to prepare their budgets. I would also like our accounting department to move ahead on a preliminary set of pro forma statements, even without final budgets, using the following assumptions. They must determine if external funding is needed. I have attached a summary of assumptions about this new direction. New Strategic Direction  Page 2 1. Assume inflation of 4% on expenses, not including depreciation and taxes. This is in addition to the new initiative’s costs. New Strategic Initiative Assumptions Huffman may overcome increased competition and economic slowdown by initiating a new strategy; this will turn our company into a one-stop shop and key logistics company. We will provide consulting services, generate revenues, and become a JIT warehouse/delivery source. A local retailer selling products .

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Q1Flinders Company has two service departments, Factory Administration and Maintenance, and two operating departments. Selected information relating to these departments is given below:Service DepartmentsOperating DepartmentsFactoryMaintenanceXYAdministration Departmental costs$ 119,700 $ 63,940 $ 723,000 $ 623,000 Number of employees6 4 40 70 Total labor hours3,200 5,200 70,000 70,000 The company allocates service department costs by the step-down method. Factory Administration costs are allocated first on the basis of number of employees, and then Maintenance costs are allocated on the basis of total labor hours.Service DepartmentsOperating DepartmentsFactory AdministrationMaintenanceXY Departmental costs$ $ $ $ Allocations: Factory Administration Maintenance Total costs after allocations$ $ $ $ Q2Tajiri Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of May:Tajiri CorporationComparison of Planning Budget to Actual ResultsFor the Month Ended May 31PlanningActualVariancesBudgetResults Customers served39,000 40,000 Revenue (3.40q)$132,600 $136,500 $3,900 F Expenses: Wages and salaries ($23,900 + $1.29q)74,210 75,500 1,290 U Supplies ($0.69q)26,910 24,210 2,700 F Insurance ($5,800)5,800 5,800 0 Miscellaneous ($4,800 + $.38q)19,620 16,920 2,700 F Total expense126,540 122,430 4,110 F Net operating income$6,060 $14,070 $8,010 FRequired:1Complete the company's flexible budget performance report for May. Label each variance as favorable (F) or unfavorable (U). (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)Tajiri CorporationFlexible Budget Performance Report Part 1 & 2For the Month Ended May 31Planning BudgetActivity VariancesU/F/NoneFlexible BudgetRevenue and Spending VariancesU/F/NoneActual Results Customers served39,000 40,000 Revenue$132,600 $$ $$136,500 Expenses: Wages and salaries74,210 75,500 Supplies26,910 24,210 Insurance5,800 5,800 Miscellaneous19,620 16,920 Total expense126,540 122,430 Net operating income$6,060 $$ $$14,070 Q3“I can’t understand what’s happening here,” said Mike Holt, president of Severson Products, Inc. “We always seem to bid too high on jobs that require a lot of labor time in the Finishing Department, and we always seem to get every job we bid on that requires a lot of machine time in the Milling Department.Yet we don’t seem to be making much money on those Milling Department jobs. I wonder if the problem is in our overhead rates.” Severson Products manufactures high-quality wood products to customers’ specifications. Some jobs take a large amount of machine work in t ...

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A concise answer would suffice. Thank you. short Videos about special relativity and answer the following questions suggested by the films. t. th the Michelson-Morley experiment, the motion of the earth through the ether was supposed to be detected via a change in the interference pattern produced by the interferometer when the apparatus was rotated. However, no change was observed. Why did they expect to see a change, and why was no change seen? Solution The basic aim of the michelson-morley experiment was to verify the existance of ether, a medium assumed to be present in our enviroment which is responsible for the propogation of light. For this two light one perpendicular to the medium and one parallel to medium were made to travel and then interfere. since both would travel different amount in the ether they would have phase difference and that would cause shift in the interference pattern. But no as such result was observed. The main reason was there is no such thing as ether, light is a electromagnetic wave which requires no medium for its propogation. And also without ether there would be no special frame of reference against which different observer can measure the motion so it was deduced ( by Einstein) that speed of light remain constant in all inertial frame. .

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A company has purchased inventory and receives an invoice that indicat.docx

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A company uses a weighted average perpetual inventory system. August 2: 10 units were purchased at $12 per unit. August 18: 15 units were purchased at $15 per unit. August 29: 20 units were sold. August 31: 14 units were purchased at $16 per unit. What is the per-unit value of ending inventory on August 31? Solution Weighted Average Cost of Stock of 25 Units: (0.40 x 12 ) + (0.60 x 15) = $13.80 Unit Sold: 20, Unsold 5 Aug31: Total Units in Stock: 5 + 14 = 19 Weighted Average Cost = (0.2632 x 13.80) + (0.7368 x 16) = $15.42 So, the Correct Option is $15.42 .

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A cockroach of mass m lies on the rim of a uniform disk of mass 5.00 m that can rotate freely about its center like a merry-go-round. Initially the cockroach and disk rotate together with an angular velocity of 0.410 rad/s. Then the cockroach walks halfway to the center of the disk. (a) What then is the angular velocity of the cockroach-disk system? (b) What is the ratio K / K 0 of the new kinetic energy of the system to its initial kinetic energy? Solution let m1 = m m2 = 5*m wi = 0.41 rad/s let R is the radius of the disk a) Apply conservation of angular momentum = initial angular momenum (m1*(R/2)^2 + 0.5*m2*R^2)*wf = (m1*R^2 + 0.5*m2*R^2)*wi (m*(R/2)^2 + 0.5*5*m*R^2)*wf = (m*R^2 + 0.5*0.5*m*R^2)*wi m*R^2*(1/4 + 2.5)*wf = m*R^2*(1 + 2.5)*wi 2.75*wf = 3.5*wi => wf = (3.5/2.75)*wi = (3.5/2.75)*0.41 = 0.522 rad/s b) K = (1/2)*If*wf^2 = (1/2)*(m1*(R/2)^2 + 0.5*m2*R^2)*wf^2 = (1/2)*(m*R^2/4 + 0.5*5*m*R^2)*wf^2 = (1/2)*m*R^2*(2.75)*wf^2 Ko = (1/2)*Ii*wi^2 = (1/2)*(m1*R^2 + 0.5*m2*R^2)*wi^2 = (1/2)*(m*R^2 + 0.5*5*m*R^2)*wi^2 = (1/2)*m*R^2*(3.5)*wi^2 K/Ko = (2.75)*wf^2/(3.5*wi^2) = 2.75*0.522^2/(3.5*0.41^2) = 1.27 .

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A city is considering reidevelopment of existing 500 ha of industrial lands to an area of mixed use (residential, commercial, and institutional). The land has housed a number of industries over the last several decades, which has resulted in significant contamination of soil groundwater. Following the CSCE Guildlines for Sustainable Development, decribe some considerations you would have if you were tasked with one of the following: a) developing an integrated water management plan (i.e. drinking water, wastewater and stormwater management) for the development. b) working with architects in planning and design of new buildings to be constructed on the property. c) preparing a transportation master plan (all forms of transportation) for the site.. Solution a) Drinking Water- Treatment plant has to be provided as per codal provisions for water purity for drinking. Estimation of drinking water should be done by proper expectation for 50 or design life time for treatment system. Based on the usage KLD per day by different means & intensity we need to expect the need for the system. Waste water - Based on usage wastage expected by different means of system & the same has to be properly treated befre it comes out and disposed to river or lake or reusage by other means. b) New buildings are planned based on traffic analysis & proper town planning so that addition wont object present Eco System. c) Transport system- Based on people statistics, like age , type of people we have to project the common and most usable transport , It may be BRTS, Metro or Local network. .

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On January 1, 2014, The Timber Company acquired a 12% interest in the Twig Corporation through the purcahse of 72,000 sahres of Twigs common stock, paying $422,000. During 2014, Twig paid $28,000 in total dividends and reported net income of $95,675. The market price of Twigs common stock was $5.44 per share on December 31, 2014. Journalize the following: A. Timbers stock acquisition B. Timbers realized income for 2104 C. Entry or entries to adjust the investment account to its appropriate 12/31/14 balance. Solution Investment in Common Stock Dr 422,000.00 To Bank A/C 422,000.00 (Being investment in common Stock) Bank Account Dr 3,360.00 To Dividend A/C 3,360.00 (Being dividend received(28000*12%) Provision for dimunition in Value Dr 30,320.00 To Investment 30,320.00 (Being decline in value of investment) Profit and loss Ac Dr 30,320.00 To Provision for dimunition in Value 30,320.00 (Being provision charged to profit and Loss Account) Note No of shares 72,000.00 Purchase price 422,000.00 Purchase price per share 5.86 Purchase price per share at end of year 5.44 Loss per share 0.42 Total decline in investment 30,320.00 .

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On January 1, 2014, Frick Company purchased 10,000 shares of the stock of Floozy, and did obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $90,000, and represents a 30% ownership stake. Floozy made $25,000 of net income in 2014, and paid dividends of $10,000. The price of Floozy\'s stock increased from $10 per share at the beginning of the year, to $12 per share at the end of the year Requirements: a. Prepare the January 1 & December 31 general journal entries for Frick Company. b. How much should the Frick Company report on the balance sheet for the investment in Floozy as the end of 2014 Solution a. Prepare the January 1 & December 31 general journal entries for Frick Company. b. How much should the Frick Company report on the balance sheet for the investment in Floozy as the end of 2014 Frick Company report on the balance sheet for investment in Floozy as the end of 2014= $ 90000 .

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On January 1, 2011, Mulcahy Manufacturing Inc., a newly formed corporation, issued 1,000 shares of common stock in exchange for $135,600 cash. No other shares were issued during 2011, and no shares were repurchased by the corporation. On November 1, 2011, the corporation Solution Mulcahy Manufacturing Inc Stock holder equity, Dec, 31 2011 Particulars Amount Capital stock: Common stock $135,600 Net income $25,300 ____________ Total Stock holder equity $160,900 _____________ Note: corporation major stock holder sold to another stock holder, ownership change but corporation stock remain unchanged. Capital gain to particular stock holder not to corporation. .

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On January 1, 2011, Bishop Company issued 10% bonds dated January 1, 2011, with a face amount of $20 million. The bonds mature in 2020 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. REQUIRED: A. Determine the price of the bonds at January1, 2011. B. Prepare the journal entry to record the bond issuance by Bishop on January 1, 2011. C.Prepare the journal entry to record interest on June 30, 2011, using the effective interest method. D. Prepare the journal entry to record interest on December 31,2011, using the effective interest method Solution Answer A. Price of bond A=20*10%/2 i=12%/2=.6 n=10*2=20 FV = 20 million =1*(1-(1+.6)-20/0.6+20/(1+.6)*20 = 17.71 Million B. Cash.....................................................Dr.$177,06,016 Unmortized discount on bond Issue.........Dr $22,93,984 Bonds Payable.....................Cr $200,000,00 C. Interest Expense .....................................Dr $11,14,699 Cash ............................................................Cr $10,00,000 Unmortized discount on bond issue..................Cr.$1,14,699 .

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On January 1, 2010 Manovic LTD paid HULU $120 for internet movie access for the entire year of 2010. 1)Create the proper journal entry for Manovic as of January 1, 2010. Include description of entry below it. 2)Create the proper journal entry to recognize entertainment expense on January 31, 2010. Include description of entry below it. 3)How much entertainment expense will Manovic have incurred by March 31th, 2010? 4)How much prepaid entertainment will Manovic still have remaining on March 31th , 2010? Solution 1jan)Prepaid Entertainment Debit $ 120 Cash creditÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $ 120 [Since advance paid for whole year for Internet movie access is an asset Therefore it is Debited.and cash is going out of business therefore credited] 31jan) Entertainment expense Debit $ 10 Prepaid Entertainment creditÂ Â Â $ 10 [Recognising the subscription paid in advance, for month of january of services used in january.since $120year is for whole year therefore subscription expense for month of january = $10 [120/12] subscription expense for month of January = 12 [120/12]. 31March)Expense incurred till 31 march is equal to 10*3 =$ 30 [from january to march] 31March)Till 31 march $30 is incurred as entertainment expense therefore prepaid entertainment still remaining on 31 march= $ 90Â Â Â [ 120-30] .

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On December 31,2011, the shareholders\' equity section of the balance sheet of R & L Corporation reflected the following: On February 1,2012, the board of directors declared a 12 percent stock dividend to be issued April 30,2012. The market value of the shares on February 1,2012, was $16 per share. Required: For comparative purposes, prepare the shareholders\' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend. (Omit the \"$\" sign in your response.) Solution Hi, Please find the alternative solution as follows: Thanks. .

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On December 31, 2012 Revel Corporation\'s balance sheet reported the following. During 2013, Rebel decided to discontinue accounting for share buybacks as treasury shares. Instead, the shares will be treated as having been retired. REQUIRED: PREPARE THE APPROPRIATE JOURNAL ENTRY TO EFFECT THIS CHANGE. Solution C COMMON stock (20000 x1) 20000 Paid-in Capital in Excess of Par 80000 Retained earning -difference 525 000 Treasury stock 625 000 4M/1M=$4 4X 20000=80000 .

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On December 31, 2008, Nolte Co. is in financial difficulty and cannot pay a note due that day. It is a $600,000 note with $60,000 accrued interest payable to Piper, Inc. Piper agrees to accept from Nolte equipment that has a fair value of $290,000, an original cost of $480,000, and accumulated depreciation of $230,000. Piper also forgives the accrued interest, extends the maturity date to December 31, 2011, reduces the face amount of the note to $250,000, and reduces the interest rate to 6%, with interest payable at the end of each year. *103. Nolte should recognize a gain or loss on the transfer of the equipment of a. $0. b. $40,000 gain. c. $60,000 gain. d. $190,000 loss. *104. Nolte should recognize a gain on the partial settlement and restructure of the debt of a. $0. b. $15,000. c. $55,000. d. $75,000. *105. Nolte should record interest expense for 2011 of a. $0. b. $15,000. c. $30,000. d. $45,000. Solution a. Fair value - ( Original cost - accumulated depreciation) = $290,000 .

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On December 1, 2014, Mr. and Mrs. Tyler purchased four tickets for a New Year\'s Eve party at their church, a qualified charitable organization. Each ticket cost $75 and had a FMV of $50. The Tylers gave two of the tickets to a needy family in the community. Mr. Tyler tended bar at the party from 8pm to 4am and was paid $40. The usual charge for such services is $80. Immediately before midnight, Mr. Tyler pledged $200 to the church\'s building fund and delivered a check for that amount on January 2, 2015. Of the amounts described above, what is the total amount the Tylers can deduct as a charitable contribution deduction for 2014? $50 $100 $140 $340 None of the above. Solution cost of ticket =$75 FMV of tckets = $50 No of tikcets purchased = 4 Charitabale contribution available for deduction = (75-50)*4= $100 Ans is b =$100 .

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On December 1, 2011, Joseph Company, a U.S. company, entered into a three-month forward contract to purchase 50,000 pesos on March 1, 2012, as a fair value hedge of a foreign currency denominated account payable. The following U.S. dollar per peso exchange rates apply: Date : December 1, 2011 Spot Rate : $0.092 Forward Rate (March 1, 2012) : $0.105 Date : December 31, 2011 Spot Rate : $0.090 Forward Rate : (March 1, 2012) : $0.095 Date : March 1, 2012 Spot Rate : $0.089 Forward Rate : (March 1, 2012) : N/A Question : Joseph\'s incremental borrowing rate is 12 percent. The present value factor for two months at an annual interest rate of 12 percent is .9803. Which of the following is included in Joseph\'s December 31, 2011 balance sheet for the forward contract? A. $5,146.58 asset. B. $5,146.58 liability. C. $500 liability. D. $490.15 asset. E. $490.15 liability. I need detailed help with steps as to how E was calculated Solution Ans: E. $490.15 liability. $0.105 - $0.095 = ($0.01) Ã— MP50,000 = ($500.00) Ã— .9803 = ($490.15) Liability .

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on Stre - DH Solution The strength of a nucleophile depends on how easily it can donate its lone pair of electrons (for a neutral nucleophile like H 2 O) or how easily it can give away its negative charge (for a negatively charged species like Cl - ) to a center of positive charge. In terms of electronegativity, Fis a highly electronegative atom followed by O, then comes N and then C. So it is easier for C to share its electrons followed by N then O then F. In other words the more is the basicity of a nucleophile the more is its strength as a nucleophile. All nucleophiles are lewis bases. The basicity reduces as we move from left to right in a period. The arrangement of elements in decreasing order of basicity is C>N>O>F Hence this should be the decreasing order of strength of these atoms as a nucleophile. Likewise if we compare the given options, the arrangement of these groups in increasing order of strength of nucleophile is as shown -F<-OH<-CN<-C 2 H 6 (C 2 H 6 - ethyl) .

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